Twenty-one trustees from Ohio’s electric distribution cooperatives attended NRECA’s CCD (2610) Understanding the Electric Business course on February 23, 2024.
Taught by Scott Luecal, this is 1 of the 5 CCD courses designed to provide the electric distribution director with an understanding of the operational challenges electric cooperatives face.
The course also presents a set of tools to facilitate due diligence in boardroom decision-making on these issues.
KEY TOPICS
- The policy and planning decisions boards make with regard to utility operations.
- Developing a culture of safety at your cooperative.
- How boards authorize resources consistent with the strategic plan, long-range financial.
- The board’s role in the delivery of electricity includes how board provides direction.
DIRECTOR COMPETENCIES COVERED IN THIS COURSE
- Protocol and Practices: Engages in activities that support the board in determining its own priorities and information needs.
- Analytical Thinking and Decision Making: Thinks systematically, conceptually, and analytically to determine effective solutions.
- Strategic Planning: Engages in strategic planning that contributes to the direction, core values and goals of the cooperative.
- Financial Oversight: Demonstrates an appropriate level of financial knowledge and understanding and can interpret financial reports and statements and monitor corrective action to ensure financial goals.
- Industry Principles and Concept: Knows the basic jargon and concepts of the energy industry.
- Cooperative Principles and Practices: Demonstrates an appreciation of the cooperative business model and a commitment to cooperative values.
- Member Focus: Focuses on the needs of members.
Next year OEC will host 2620, 2630, and 2640.
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