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CUTE BABY ALERT!!



                                                                                       Grant and his wife Me-
                                                                                       ghan welcomed a

                                                                                       healthy baby boy, 8lbs
                                                                                       2oz, 20.5in. Everyone is
                                                                                       healthy and doing very
                                                                                       well.

       Fiscal Year 2020 Budget


       On  June  5,  2019,  the                to  discuss  direction  and
       ECG Board approved the                  efforts  needed  on  topical
       Fiscal  Year  2020  (FY20)              issues as:

       Budget.  The  Total  FY20
                                                 Distribution  Line  Services
       ECG  Revenue  Require-                     & Lineman Development
       ment will be $9M and re-                  EV  Technologies  &  Fund-
       flects  a  6.5%  increase                  ing

       from FY19 due mainly to
                                                 IT  &  Cybersecurity  Ser-
       Employee          Benefit       in-        vices

       creases (medical plan, in-                ECG      Staffing     Require-
       centive  plan,  401K  profit               ments                               Hamilton Grant Cagle Jr.
       sharing).
                                                 Edge Development
       I  continue  to  be  pleased              Member  Relations  &  ECG
       with  our efforts  to  main-               Core Values
       tain  responsibility  and

       control  of  our  operating
       costs as an organization,               Key Assumptions in the FY20 Budget:

       and  this  FY20  Revenue
       Requirement           continues            Largest level of services “ever” provided to our 52 Mem-
       to  be  “less  than”  our                    bers

       highest  operating  cost                   Business relationships with MEAG Power, Gas Author-
       year (which was FY2012).                     ity, FMPA, GMA, and the USVI

                                                  Part-Time Administrative Assistant added to support
       In the months ahead, the
       ECG  Management  Team                        functional activities in Analytical, Engineering, PAS,
                                                    HR & Accounting
       will  be  having  strategic

       meetings  internally  and                  Establish a Research & Development Fund for strate-
                                                    gic activities that present themselves and were unex-
       with  the  Board  Members                    pected & unbudgeted.
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