PowerSouth

August 2016 Powerlines

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August 2016 | Volume 29 • Number 8 | www.powersouth.com/powerlines | info@powersouth.com Through strategic planning, PowerSouth's Board identifies issues and concerns about the future and suggests possible solutions. The 2017 Strategic Plan, which the Board adopted on June 24, focuses on member unity, generation diversity, the political and regulatory climate, financial strength, and succession planning. A unified front People working together for the common good—that's what makes a cooperative a cooperative. To maintain a unified front, PowerSouth and the distribution members intentionally pursue unity among the group. PowerSouth and the distribution members prepare for the impact of retirements and board member turnover. They also interact with one another, letting communication be the oil that keeps the wheels of progress turning. A diverse mix As the EPA's Clean Power Plan brings uncertainty for coal-fired generation, PowerSouth carefully considers the future of its generation resources in order to maintain generation flexibility and economic dispatch. PowerSouth continues to explore carbon-free sources of power production, such as solar and additional nuclear purchases. Leading up to the start of the Vogtle nuclear power purchase in 2019, PowerSouth plans ahead for possible issues such as delays, financing and operational risks. A stormy environment "We support nationwide cooperative unity and making sure political leaders know we all have the same goals," said Stacey Parker, General Manager and Chief Financial Officer for the Utilities Board of the City of Opp, and Member Relations & Strategic Planning Committee Chair. PowerSouth and the members monitor social issues that could influence policy in 2017 and beyond. Also, with an emphasis on children's classroom learning, PowerSouth will develop robust communications and public relations programs for its members to educate their end-users. A strong foundation PowerSouth takes action to maintain its credit rating, safeguarding its ability to take advantage of favorable interest rates, and to execute beneficial supply contracts for fuels and purchased power. PowerSouth even considers ways to improve its credit rating despite unknown costs that delays in the Vogtle purchase could present. To bolster financial strength, PowerSouth will consider increased equity (and possibly returning capital credits) and address financing concerns, such as amortization and variable versus fixed rates. A succession plan Employees are PowerSouth's greatest asset, so protecting them is crucial. PowerSouth prepares for the retirements of key employees while addressing new employee availability. PowerSouth must also shape the mindset of the potential workforce and continue to promote a zeal for safety. (Above) PowerSouth and Central Alabama EC employees discuss plans for the Burkville substation, currently under construction. Pictured are (left to right) Aaron Ismail, Central Alabama EC Manager of Engineering; Erick Terry, Central Alabama EC Engineer; Greig Foshee, PowerSouth Engineering Assistant and Cory Bryan, PowerSouth Principal Engineer. Strategic Plan: roadmap for continued success Powerlines

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