Title
Resolution - Approval of 2026 Key Performance Indicators Plan - E Dauterive
Other Info
Submitted By: Eddie Dauterive
Department: Chief Strategy Officer
Financial Impact and Cost/Benefit Considerations: The financial impact of the proposed 2026 Key Performance Indicators (KPI) Plan will not be known until after the full KPI Plan Years conclude on December 31, 2026. An estimated amount is included within the approved budget.
Discussion
The purpose of Pedernales Electric Cooperative Inc.’s (PEC or Cooperative) Key Performance Indicator (KPI) Plan is to set organizational performance targets based on PEC’s Strategic Plan and to provide an objective method for evaluating the degree of success with which PEC achieves those targets. Evaluation of PEC’s performance in achieving the targets set by the KPI Plan is conducted twice a year, at which time a financial distribution is calculated for eligible employees based on the level of PEC’s achievement.
PEC’s Board of Directors reviews and approves the targets set in the annual KPI Plan proposed by PEC. After it is approved, PEC reports the subsequent performance under the KPI plan and the level of financial distribution for eligible employees.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that the 2026 KPI Plan presented to the Board this day is approved; and
BE IT FURTHER RESOLVED that the Chief Executive Officer and Chief Financial Officer, or designee, is authorized to take all actions necessary to implement this resolution.