Slides from the CEF Annual

1. Annual Member Meeting Slide 1
Annual Member Meeting
Welcome!!
Grab some food & chat with fellow members.
We will start around 6:15 pm.

2. Annual Member Meeting Slide 2
Tonight’s Agenda:
• Individual Introductions
• April 2014-2015:
• Overall Co-op Update
• Financial Update
• Question & Answer
• Member Discussion & Resolutions
• Board Elections

3. Annual Member Meeting Slide 3
Priorities for 2014

4. Annual Member Meeting Slide 4
End of 2014 Benchmarks
Qualitative
•All solar lease projects in progress or complete
•More resources on the website
•Bi-monthly website updates
Measurable
•4+ work parties
•Over 115 members
•4-5 Board members

5. Annual Member Meeting Slide 5
Membership GrowthMembers

6. Annual Member Meeting Slide 6
Renewable Energy Partners
Partnerships Growth…

7. Annual Member Meeting Slide 7
Member
Communications
Monthly newsletter!
•Board meetings
•Member offerings
•Energy & Community
News
•Energy Efficiency Work
Parties
FEEDBACK?

8. Annual Member Meeting Slide 8
Solar PV Installations
Made in Minnesota (MiM) Rebate Trends

9. Annual Member Meeting Slide 9
Community Solar Gardens (CSG)

10. Annual Member Meeting Slide 10
CEF Community Solar
First CEF Project!!

11. Annual Member Meeting Slide 11
Future Opportunities
• Energy Corridor Solar Map pic
Energy Innovation Corridor
As much as 10 MW of solar potential

12. Annual Member Meeting Slide 12
2014 Financial Summary
2014 Profit and Loss
Income $9,292
Expense $11,702
Net Income -$2,404
2013 Profit and Loss
Income $1,871
Expense $3,704
Net Income -$1,833
Current Assets at Year End
2014 $7,393
2013 $9,409
2012 $10,154
*$3,000 forthcoming (attributable to 2014)
**2015 Year End Asset**
Already $35,000 in Income Expected

13. Annual Member Meeting Slide 13
Financial Characterization (conceptual)
Year
1
Year
2
Year
3
Year
4
Year
5
Year
6
Year
7
Year
8
Loan

14. Annual Member Meeting Slide 14
Draft 2015 Goals
1. Membership
• >200 members
• More diverse
1. Attract and maintain 8 board members
2. Operationalize 1-2 community solar projects
• Incorporate local workforce development opportunities
• First project 80% subscribed by year end
• Minimum of 40% subscribed to low-income individuals
• Actualize an online subscriber interface
**Members: What feedback do you
have about these proposed priorities?

15. Annual Member Meeting Slide 15
Hearing from Members
1. What do you think about the CEF 2015 priorities? Do
they align with what you hope to be a part of as a
member of CEF?
2. Are there other priorities that you would like the
board to take into further consideration?

16. Annual Member Meeting Slide 16
Short Break
5 minutes

17. Annual Member Meeting Slide 17
Members: Discuss & Resolve
ISSUE: Extent of Member Control
To what extent should the cooperative (members) maintain
ownership and operational control over community solar
projects that it helps to develop and subscribe?
Other ways of asking this…
•Should CEF act as a finance and engagement management partner on
community solar gardens for which it is not the owner or primary decision
maker?
•Should members have cooperative ownership of the solar installations
that they subscribe to through CEF?

18. Annual Member Meeting Slide 18
Members: Discuss & Resolve
**A call for member resolution**

19. Annual Member Meeting Slide 19
Members: Discuss & Resolve
ISSUE: Extent of Member Control
Sample Resolution A
The CEF Membership resolves that any and all community solar project
partnerships, for which CEF arranges XX% (e.g. 20%) or more of the shares,
shall be arranged so as to allow for complete cooperative ownership and
operational control.
Sample Resolution B
The CEF Membership resolves that the CEF may engage in community solar
partnerships that relinquish cooperative control by CEF members over the
operations of community solar garden owned and operated by partners, to
the extent that there is significant opportunity to make solar shares
available to diverse, local communities.

20. Annual Member Meeting Slide 20
Board Elections
Current Nominees
William Emory
Minnesota AFL-CIO, Path to Power Prog.
Current CEF member
Ryan Hentges
MN Valley Electric Cooperative
Current CEF member
Megan Hoye
Center for Energy and Environment
Incumbent Board Member: Chair 2013-15
Ralph Jacobson
Owner, Innovative Power Systems
Current CEF member
Mary Kay Olson
Current CEF member
Jacob Rounds
Incumbent Board Member: Treasurer 2013-15
Jamez Staples
Founder, Renewable Energy Partners
**Call for additional nominations**

21. Annual Member Meeting Slide 21
Election Process

22. Annual Member Meeting Slide 22
Closing Thoughts
• Thank you to Board members!
• Engage CEF:
• Open Board meetings take place monthly (usually here)
• Tweet or Facebook CEF
• Provide Year Round Feedback:
• Want to share any additional thoughts, please leave us a note.
• Send thoughts you have via letter or email
( info@cooperativeenergyfutures.org )
Thank you for attending!