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Steve Caison Director of Member Services. Christmas gift warning. Christmas gift warning. Christmas gift warning. Christmas gift warning. Christmas gift warning. Christmas gift warning. Christmas gift warning. Smart Grid Update. Approximately 50% of the Grant has been received
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Steve Caison Director of Member Services
Smart Grid Update • Approximately 50% of the Grant has been received • DOE site visit and review occurred on June 29th and 30th • Update on Progress • Review of Cyber Security Plan • Invoicing • Metrics/Benefits reporting • Implementation is in three phases • Phase I – Software - Complete • Phase II – Hardware – In Progress • Phase III – Software – 2013/2014
9,169 MWh 8,863 MWh
Bulk Electric System Audit • 2011 SERC BES Audit • Audited by SERC, June 13th – 15th , 2011 • 18 Bulk Electric System (BES) Standards with 137 Requirements • Passed with no violation findings • Identified some improvements • Continuing to maintain daily compliance
GSOC Tax Exempt Status • GSOC first formed as a taxable, non-profit Corporation • Began research to become non-taxable in 2007 • Submitted application to the IRS in January 2011
Current Status • Approved August 10, 2011 • 501(c)(4) Civic League • Eliminates ~ $350,000 in accrued Federal tax liabilities • Annual Federal Tax Filing will be replaced with Annual Form 990 filing
Fourth Quarter • Upcoming Changes and Events • New Murray Combined Cycle Resource
Fourth Quarter • Upcoming Changes and Events • New Murray Combined Cycle Resource • Walton EMC moving SM Groups
Fourth Quarter • Upcoming Changes and Events • New Murray Combined Cycle Resource • Walton EMC moving SM Groups • SERC Critical Infrastructure Protection (CIP) Audit • December 5th – 9th • December 12th – 16th
2011 Corporate Strategic Initiatives • FERC/NERC/SERC Compliance • Infrastructure Improvements • SharePoint Initiative • Data Delivery • Smart Grid • Telecommunications • EMS Upgrade • Health Care Reform • Workforce Strategy