2015 Board of Directors Election Candidate Information
Board candidates assume all responsibility for content submitted to PEC, which appears exactly as
submitted. PEC takes no position on issues and expresses no preference for any candidates.
Director District 1
Cristi Clement
Board Position: Director District 1
Town: Marble Falls
It has been my privilege to serve YOU as District 1 Director since 2009. With your continued support I will continue our work:
The Building of our “new” PEC.
The past six years have resulted in monumental reforms and improvements within PEC. I willingly invested my time, energy and
tenacity on your behalf to dig in, sort out and help deliver results. None of this was easy to do…. but such reforms were essential
to rebuild PEC, move into the 21st century and erase the scars of past leadership failure. Paramount was the restoration of trust
with YOU, our Members, our great employees, our peer cooperatives and the general public.
# 1) INITIALLY WE STABILIZED THE BUSINESS:
Together we created a business structure with essential functions. We delivered the first budget, the first internal audit, new
policies for open meetings, open records, open elections. We launched the first Whistleblower program, set the first Energy
Efficiency and Renewable Energy goals, first Strategic Plan, and the first Directors’ Code of Conduct and Ethics policy. We enacted
the first Bad Debt Collection policy. Most importantly, we established policy for PEC’s first recurring distribution of Capital Credits back to YOU. Eligible
members like you have received over $68M in cash since 2009. The NEW NORM!
#2) WE STRENGTHENED LEADERSHIP AND WORK PROCESSES:
We recruited top notch executive leadership: new Chief Executive Officer, new Chief Financial Officer and our very first Chief Information/Technology Officer.
Our executive leadership team is innovative, energetic and busy laying out new initiatives. Our employees are dedicated, conscientious, well compensated and
committed to serving YOU with excellence. PEC systems reliability performance rating continues to be one of the highest in the nation at less than 1 hour outage per year per member. Your Member Equity Increased from 17% to a healthier range of 35%-42% and holding, while affirming a sterling AA- bond rating.
#3) EMPOWERED YOU MEMBERS AND BUILT TRUST:
The whole PEC culture is transforming. Every Board Meeting and Committee Meeting has been held in open session since 2008. (Executive sessions are
held only if sensitive matters are addressed.) All votes occur in open session. YOU have access to PEC policies, reports and other data at www.pec.coop.
PEC is in midst of a Cost of Service Study and Rate Design. Many Members attended the Open Forums and offered valuable ideas for new rate types. YOU
have expressed overwhelming satisfaction with PEC’s open elections process. Transparency in your PEC is protected in YOUR Member Bill of Rights. PEC is
recognized nationally as a success story for member-led reform. YOU have a voice and YOUR PEC listens.
#4) SECURED A PROMISING FUTURE FOR ALL PEC MEMBERS:
Your “new” PEC is fiscally solid. Operational efficiencies continue to lower controllable costs in spite of unprecedented growth along the I-35 corridor. You
may have noted recent downward rate adjustments on your bill. There are more to come. When our new rate design is adopted, YOU will find several NEW
CHOICES to make it easier to manage your energy costs. We are diversifying PEC’s energy portfolio to find lower-cost energy. Our recent decision to expand
renewable energy solutions holds promise. Incorporating Renewables can reduce water consumption associated with traditional generation methods.
#5) MY COMMITMENT TO PEC:
I am fiercely loyal to PEC and to YOUR democratic control of our coop. I work hard for YOU and am tenacious in supporting PEC’s good business practices.
Our primary mission is to serve our communities by providing excellent member services, and safe and reliable energy at a competitive price.
YOU are my focus.
I have no conflicting business interests.
My formal education and career training experiences helped develop my decision- making ability and at PEC, I always consider “Is this good for YOU, our
Members ?” Cooperatives do differ from investor-owned, for-profit utilities. PEC must serve all Members fairly, as we’re all in this together. This is our strength.
I believe the cooperative model is relevant to our 21st century. I NEED YOUR SUPPORT TO CONTINUE OUR WORK!!
Experience:
I served 24+ years as an U.S. Air Force civilian Contracting Officer in support of aerospace programs and facilities infrastructure in U.S. and Europe. I held
a higher than Top Secret security clearance. Prior to my Air Force career, I spent 13 years as a systems analyst/programmer for Union Equity Cooperative
Exchange, a six-state regional commodities cooperative involved in international trading and grain exports.
Education:
B.A degree with honors from University of Oklahoma
M.A. with honors, Procurement/Acquisition Management Webster University, St. Louis
Achieved the Credentialed Cooperative Director designation and earned the Advanced Board Leadership Certificate
Personal:
Reside in Marble Falls with my husband, Doug Moore. We have been PEC members for almost 15 years. More information @ www.cristiclement.com.