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Annual Report 2018_FINAL

Grand Valley Power's Annual Report - 1936-2018

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GEARED TO TAKE ON CHALLENGES<br />

A message from our CEO and Board President<br />

Delivering electricity has never been an easy undertaking. Big capital investments are required. The day-to-day work can be backbreaking<br />

and dangerous. Electric utilities are called upon to distribute a commodity that is essential to our way of life. Industries,<br />

businesses and homeowners require affordable electricity that is available around the clock at the flip of a switch. This is a big<br />

task, and it is even bigger for small utilities serving rural consumers spread across the kind of rugged terrain we have here on<br />

Colorado’s Western Slope. From the far reaches of Unaweep Canyon to Roan Creek; from Collbran and the Grand Mesa to Glade<br />

Park; from Kannah Creek to Douglas Pass – Grand Valley Power takes on the challenge to deliver power to all our consumers.<br />

As tough as this job has been, the challenges seem to grow with each passing year. Consumer expectations continue to evolve.<br />

Providing reliable and affordable electric energy is just the starting point. Our consumers want something more than a traditional<br />

utility. Renewable energy must be integrated into our power supply mix. At the same time, we must be supportive of traditional fuel<br />

resources that are an integral part of the Western Slope economy. The tools and toys that technology provides today’s consumers<br />

require greater electric reliability. Consumers want more information about their power consumption, and they don’t want to have<br />

to wait for it. Our members want us to deliver power in a way that makes their lives better. More than that, they want us to make<br />

our communities better.<br />

As a consumer-driven cooperative Grand Valley Power is geared to take on these challenges. We use a tried-and-true approach for<br />

dealing with these ever-changing challenges: we stick to our roots, ever mindful that we are here to do what is best for our local<br />

members and consumers. This is second nature to us, as all our employees and all the directors that serve on our governing board<br />

call Mesa County home. This is evident in a simple but powerful mission statement that was developed by a team of Grand Valley<br />

Power employees and directors last year: Empowering Lives with Hometown Service.<br />

“Empowering Lives” covers a lot of ground. Literally, it can be interpreted to mean that we provide power for our members. At the<br />

most basic level this is what we do. Expand the interpretation a little more and it supports the idea that the energy we provide<br />

empowers our members by enabling them to lead more productive, meaningful and happy lives. Taken a step further, and the<br />

phrase encompasses the active role Grand Valley Power plays in the communities it serves. Again, we strive to make our members<br />

lives better by making their communities better.<br />

We set out to do this by focusing on “Hometown Service.” Again, this is central to our mission. This phrase conjures up the image<br />

of linemen braving the elements when Mother Nature wreaks havoc on our electric distribution system. While they are the face of<br />

the cooperative, it takes more than these hard-working linemen; the folks who answer the phones, serve as dispatchers, maintain<br />

the warehouse, design and engineer our infrastructure, and provide all kinds of technical, financial and administrative support for<br />

our team all play a part in providing this Hometown Service.<br />

And don’t forget the board of directors that plays such a critical role for our cooperative. They are Grand Valley Power members<br />

and consumers just as each of you are. They face the same day-to-day challenges that the other members do. They are accessible<br />

to all the members, and they want to know where you stand on the important issues confronting us. All these folks – directors and<br />

employees – live right here in Mesa County. That, in and of itself, provides a lot of value to our members and consumers.<br />

To help us maintain our focus on our mission, the employees and directors of the cooperative identified four guiding principles. To<br />

track our overall performance, it is helpful to examine how we fared in sticking to these guiding principles:<br />

Tom Walch<br />

Chief Executive Officer<br />

Rod Martinez<br />

President, Board of Directors<br />

We are committed to the safety of our<br />

workforce and the general public. We<br />

continue our efforts to build a culture of<br />

safety. We completed the Rural Electric<br />

Safety Achievement Program (RESAP).<br />

This is a comprehensive, no-holdsbarred,<br />

review of all facets of our facilities<br />

and operations by independent experts.<br />

We go through this process every three<br />

years, and our goal is to improve every<br />

time. We continue to provide electrical<br />

safety demonstrations for middle and<br />

elementary grade students, as well<br />

as training for contractors who work<br />

near our high voltage lines. We are also<br />

continuing to step up our efforts to<br />

protect against cybersecurity threats.<br />

In 2017 Grand Valley Power was one<br />

EMPOWERING LIVES WI

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