Chugach Outlet
November/December 2001, Number 195
Board report
The Chugach Board took the following actions at the October
and November meetings:
- Approved retiring $3 million in retail capital credits.
- Authorized the general manager to execute a $3.1 million sole-source
contract to General Electric for turbine components for Unit Nos. 3 and 5
at the Beluga Power Plant.
- Appointed Gerald Covey to a two-year term, and Jason Brune and Ron Lance
to three-year terms on Chugach's 2002 Bylaws Committee.
- Adopted the amended Board Policy 110 to provide that the Finance
Committee is the Audit Committee, and approved a new Board Policy 127
to establish the Audit Committee.
- Approved holiday gift certificates to employees as a token of the
board's appreciation for a successful year.
- Approved Director Boucher's request for an excused absence.
- Approved directors' expenses.
- Heard a report on finances through {1129150 Gr} September.
For a more comprehensive board report, go to complete
board report.
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