Board meetings, strategic plans, and buyer signals from Danny Alsobrook’s organization
Oct 11, 2025·BoardMeeting
Board
Greystone Power Corporation Annual Meeting
The annual meeting of members featured the election of board members for districts 3, 5, and 9. The treasurer's report detailed the cooperative's strong financial position, including revenue exceeding $386 million and the return of capital credits to members. Significant investment was reported in utility plant upgrades and system reliability. The CEO message emphasized the efficiency of the drive-thru meeting format, the cooperative's competitive pricing compared to other utilities, and the continued reliability of electric service. Additionally, the meeting highlighted economic development efforts, including the attraction of large commercial accounts, and the expansion of the GreyStone Connect broadband subsidiary to serve more members.
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Greystone Power Corporation Annual Meeting of Members
The annual meeting included reports from the Treasurer and CEO. The Treasurer reported on the corporation's strong financial position, revenues, net margins, expenses, and member growth. They also discussed the return of capital credits to members and the impact of the Operation Round Up program. The CEO discussed the drive-thru format for the meeting, competitive pricing compared to Georgia Power, the return of Wallet Watch credits, opportunities with large commercial and industrial businesses, the importance of a diverse energy mix, and the Cooperative Solar program. Updates were provided on GreyStone Connect's fiber internet service expansion.
Oct 10, 2020·BoardMeeting
Board
Greystone Power Corporation Annual Meeting
The 2020 Annual Meeting of Members was held virtually due to the COVID-19 pandemic. Key discussions included the ratification of the 2019 Annual Members Meeting minutes and the election of directors for Districts 2, 6, and 7. The Treasurer's report highlighted strong financial standing, with revenues surpassing $280 million and net margins exceeding $22 million for the 12 months ending in August 2020. A record $23 million in capital credits was returned to members, including a special $15 million distribution in May to assist members during the pandemic, in addition to the regular fall return. The President/CEO's report commended employee adaptation during the pandemic, discussed proactive disaster planning, and detailed the early distribution of capital credits. Furthermore, preparations for the move to the new headquarters in Paulden County, anticipated for early 2021, were mentioned, noting the project will incur no new debt. Member questions addressed the policy on service charges for multiple meters, the use of herbicides versus mowing for vegetation control around power poles, fees for electronic bill payments, and the structure of capital credit payouts, with redirection options pointed toward the Operation Roundup program.
Oct 10, 2020·BoardMeeting
Board
GreyStone Power Annual Meeting
GreyStone Power's 2020 Annual Meeting of Members will be held virtually. Members will vote on three contests: the contested election for District 2, and the uncontested elections for Districts 6 and 7. Members will also vote on the approval of the 2019 Annual Meeting Minutes. The results of the election will be announced in the virtual business meeting on Oct. 10. Members whose ballots have been accepted will be entered into a drawing for 50 door prizes. GreyStone is set to return $8 Million in capital credits this fall.
Extracted from official board minutes, strategic plans, and video transcripts.
