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New Employee Orientation
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10/24/2017 to 10/25/2017
When: October 24-25, 2017
See event details.
Where: BEST WESTERN PLUS Kelly Inn
100 Fourth Ave S.
St. Cloud, Minnesota  56301
United States
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New Employee Orientation
October 24-25, 2017 (T  9:30-3:30, W  9:00-3:30)
BEST WESTERN PLUS Kelly Inn, Room: University A
St. Cloud

 


Who Should Attend

Newer employees and those who need a better grasp on their co-op benefits, and a working knowledge of the energy industry, current issues and the cooperative business model.

* * * * * * * * * * * * * * * * *

Day One
will revolve around NRECA cooperative benefits and the personal finances of the attendees. This is a valuable course for any employee interested in having a better grasp on their own pension plans, benefits and finances. 

Instructor: Tom Hogan, Regional Investment Advisor Representative, NRECA

SESSION 1 -
9:00 Registration and Continental breakfast
9:30 Start Time

Introduction/Goal Setting
Budgeting and Cash Flow
Debt Management
Basics of Investments
Benefit Plans

 

Poolside Lunch 12:00 to 1:00

 

SESSION II - 1-3:30
Tax-Advantaged Savings

Insurance

Estate Planning

Planning Tools

Summary and Review

Adjourn by 3:30


* * * * * * * * * * * * * * * * *

Day Two
will be spent learning what it means to be part of a cooperative. Everything from the onset of capital credits up through our most current and pertinent energy issues (and many topics in between!) will be covered.

Both days together will create a strong foundation for our newest (and hopefully most loyal!) additions to the rural electric cooperative family.

8:30      Full/Hot Breakfast & Registration

9:00      Introductions, Icebreakers, Trivia & Housekeeping


9:15      History of “Power for the People” – Teri Wallis, Regional Vice President, National Rural Electric Cooperative Finance Corporation, CFC

This session will cover a history of the electric industry, the difference between private and public power and why our industry was built the way it was.

 

Exercise: Who Does What?
10 minutes – working through the ‘Who Does What’ sheet at your tables and then we will talk through as a group

10:00    Break


10:15    Co-op Family Values & Culture – Shari Wormwood, Communication Specialist, Minnesota Rural Electric Association (MREA)

The cooperative business model is unique and takes many forms in the world around us. If a customer asked you the difference of getting their electricity from a co-op, could you answer? Could you articulate the benefits of cooperative ownership? Really, why does it all matter, isn’t it just a job?

 

Group Quiz & Activity: Co-op Awareness & Design Your Co-op

30 minutes 
1) work through the ‘Co-op Awareness Quiz’ 
2) come up with a co-op concept and name, a little “arts & craft” time with a logo
3) Select work positions for the co-op among group members
4) Finally have the GM represent your group as spokesperson and briefly give a description or the co-op.

 

11:15    Cooperation among Co-ops: Related Organizations – Teri Wallis, CFC

CFC, MREA, NRECA, RUS, Federated Insurance, G&Ts – seriously, why are there so many related organizations and why are their names a bunch of letters? What do all the letters mean, why do the organizations exist and how are they related?

  Co-op Capital Credits, Huh? – Teri Wallis, CFC

Capital credits, margins, return of profits to members...no matter how you say it, this is one of the things that differentiates co-ops from investor-owned utilities. In Power for the People – Not Profit, you learned about this difference. Now you’ll find out how it happens – how, and why, co-ops return profits to members.

Rate Design 101 – Teri Wallis, CFC

Review rate case project before lunch

 

12:00    Lunch - Poolside

 

Case Study: Considering a Rate Increase
20-30 minutes - Each group will present their decision.

 

1:30      Change, Technology & the Electric Industry – Shari Wormwood, MREA

You have joined the industry at a GREAT time! Smartphones, social media and renewable energy technology are changing the face of the energy industry. Non-utilities like Comcast, Apple, Best Buy and Google are shaping what your co-op member will want in their home. Let’s have a conversation about how we (the industry) got here and how can co-ops adapt to continue to offer service to our members.

 

2:15      Break

 

2:30      Power System Overview – Darrick Moe, CEO, MREA

How do generation and transmission cooperatives fit into the picture? The basics of how electricity is generated, transmitted and distributed to the member (customer) at the end of the line. Power supply trends, fuel choices, generation mix, electricity prices and grid interconnections -  lots to cover in this “meaty” session.


3:20      Evaluations & Wrap-up


3:30      Adjourn



* * * * * * * * * * * * * * * * *

Cost

$239 / $289 + $69 for Opt. Day 1

Hotel
BEST WESTERN PLUS Kelly Inn, 100 4th Ave. S., St. Cloud, MN  56301  320-253-0606.
  $86/night

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