Coastal Electric Cooperative is a non-profit organization owned by its members and governed by a Board of Trustees who are elected by those members.
Coastal Electric's service territory is divided into nine districts. Each district has one elected trustee to represent all of the members of that district for a term of three years. Our Board has elected to meet on the 4th Tuesday of each month at 5:00 PM at our main office, pursuant to bylaw requirements.
The Coastal Electric Board of Trustees is responsible for the governance of the cooperative. This includes the oversight of the Cooperative to ensure that it is being operated according to established laws and policies, that it is financially sound, and that it meets the overall cooperative mission of providing the best service at the lowest possible cost. The main areas of board governance includes:
The CEC board trustees are the advocates for the members who own the cooperative. As such, they are responsible for making sure the members interests are being taken care of, from ensuring democratic member control to adopting sound board policies. They also have input into CEC rates as well as bylaws and business rules which govern the cooperative’s dealings with members.
CEC trustees adopt and enforce policies, resolutions and actions governing ethical conduct, accountability and compliance with applicable laws and regulations.
The board of directors establishes financial targets and goals and approves the cooperative’s budget. Board members also review and approve significant investments, loans and acquisitions, and the rates and terms for providing electric service to members. The board is responsible for evaluating periodic financial statements, reports and other pertinent information.
The board discharges its duty to manage the affairs of the cooperative by delegating day-to-day management responsibilities to a chief executive officer (CEO). The CEO is hired by and answers to the board. Board members consider and approve CEC business initiatives.
Pursuant to adopted bylaw requirements, regular board meetings are held on the 4th Tuesday of each month at 5:00 PM.
Board Trustees are not Cooperative employees and do not receive a salary. However, they are rightly compensated for their time and reimbursed for their expenses in service to the Cooperative. They receive a per diem payment for attending meetings, continuing education programs, and other such duties. The per diem for Coastal Electric Cooperative’s Board Trustees can be found in the Member Section.