Herman elected SIPC board president
Clay Electric Co-operative, Inc. (CECI) Board Member Frank Herman was elected to serve as President of the Board of Southern Illinois Power Cooperative (SIPC) at the SIPC Annual Meeting, held March 30, 2018. Herman serves on the SIPC Board representing CECI and was most recently Vice President.
Herman reported that over the past few years the SIPC Board of Directors has been concerned with wholesale rates and tasked management with finding ways to stabilize rates while providing reliable power in an environmentally friendly way. “It was a tall order, but SIPC’s staff rose to the challenge,” said Herman. “Don Gulley, President/CEO of SIPC, challenged his senior staff to significantly reduce operating and maintenance costs and, through a variety of measures, they managed to reduce costs without sacrificing other strategic priorities. We did have to impose a 2.9 percent rate increase, but it was far better than the projected 10 percent increase.”