Runestone Electric Association held its Annual Meeting on Thursday, April 28 at the Alexandria Area High School Performing Arts Center. Board of Directors seats were determined in Districts 1 and 4 and scholarships were awarded to 14 students.

Runestone Electric’s bylaws allow for uncontested director elections to be elected by acclamation, as was the case in District 1, where Gary (Andy) Anderson, Parkers Prairie, ran unopposed and was re-elected. In District 4, the incumbent Dave Staples, Kensington, received 148 votes while challenger David Lemmon, also of Kensington, received 126 votes. Fifteen percent of District 4’s 1,853 eligible members cast ballots. Anderson and Staples will serve three-year terms.

During the business meeting, Board President Barbara Johnson and CEO Al Haman gave reports on the activities and financial condition of the Cooperative. The Cooperative reported assets of over $99 million with 14,970 accounts at the end of 2021. “REA finished 2021 with 254 new accounts – the most new accounts in many years, with many new residential and agricultural-related accounts. From what we see so far this year, we hope that growth will continue,” said President Johnson.

In his presentation, CEO Al Haman said 2021 sales and margin were very close to budget, hours off due to underground cable failures were at the lowest level on record, and changes are ahead for REA’s wholesale power supplier, Great River Energy. Looking at 2022 and into the future, he said the cooperative is experiencing inflationary pressures and supply chain issues, a decreased maintenance budget to achieve an adequate margin without a rate increase and potential changes are ahead for the monthly fixed charge.

“Thank you to everyone who took time to come to the Annual Meeting to learn about current activities at REA,” said Haman. “I especially appreciated the opportunity to answer questions and receive feedback from our members.”

Fourteen students, whose parents or guardians are REA members, received $1,000 scholarships funded through unclaimed capital credits. The students were randomly drawn from each of the seven REA districts. Winners include: Alexis Swendsrud, parents Mike Swendsrud & Lisa Putnam, Alexandria; Bailey Hottovy, parents Todd & Elizabeth Hottovy, Morris; Paige Wussow, parents Keith Wussow & Sandy Dreger Wussow, Garfield; Ben Koep, parents Rick & Kristen Koep, Garfield; Benjamin Ludwig, parents Marcus & Brenda Ludwig, Elbow Lake; Thomas Gronwold, parents Tom & Michelle Gronwold, Evansville; Ryder Staples, parents Dave & Amy Staples, Kensington; Maggie Anderson, parents Terry & Clarissa Anderson, Alexandria; Nathan Knoll, parents Dan Knoll and Lisa Knoll, Alexandria; Isaac Carns, parents Ryan & Jody Carns, River Falls, WI; Nathan Skiba, parents Michael & Sally Skiba, North Branch; Etta Danielson, parents Layne & Helene Danielson, Baxter; Nathan Rankin, parents Charles & Rebecca Rankin, Starbuck and Erik Vold, parents Brad & Susanne Vold, Glenwood. See them here »

Immediately following the adjournment of the meeting, the Board of Directors held a Reorganizational Meeting to elect officers. Elected to their positions were Barbara Johnson (District 2), President; Gary (Andy) Anderson (District 1), Vice President; Mike Loken (District 5), Secretary; and Dave Staples (District 4), Treasurer. Other directors on the board include Clif Patrick (District 6), Matthew Mattson (District 7), and Audrey Hjelle (District 3).

Andy Anderson

Gary (Andy) Anderson
District 1 Director
Runestone Electric’s bylaws allow for uncontested director elections to be elected by acclamation, as was the case in District 1, where Gary (Andy) Anderson, Parkers Prairie, ran unopposed and was re-elected.

 

Dave Staples

Dave Staples
District 4 Director
In District 4, the incumbent Dave Staples, Kensington, received 148 votes while challenger David Lemmon, also of Kensington, received 126 votes.

 

scholarship recipients

Scholarship recipients were recognized during the meeting. Students that were able to attend include: Back row: Benjamin Ludwig, Ryder Staples, Issac Carns. Front Row: Paige Wussow, Alexis Swendsrud, and Ben Koep. More on scholarship recipients on page 3.

 

Were you not able to make it to the meeting? 
Watch the recording below: