Texas Public Power Association

“Any publicly owned electric utility shall be eligible for membership in the Association. Publicly owned electric utility systems include any city, joint action agency, river authority or cooperative. Any person, firm, or corporation may apply and be eligible for non-voting associate or corporate membership.”

“Each member system shall be entitled to cast one vote which shall be cast by a designated delegate.”

“Each member system shall be entitled to cast one vote which shall be cast by a designated delegate.”

“There are no committees of the organization with authority to act on behalf of the governing body.”

“The organization's Financial Oversight Committee will review the budget, financials and all IRS documents before they are filed. All Financial Oversight Committee items are also included in the organization's Board packet for approval.”

“The organization has a written conflict of interest policy and this policy is included in all of the organization's Board packets.”

“The organization's board of directors has a President's Committee that handles compensation for the executive director. They are provided with current salary information and benefits. State and national salary surveys are available for their review and consideration. The President's Committee make a recommendation to the organization's board on executive compensation. The President's Committee is made up of all past presidents of the organization and the current executive committee. The organization's board of directors votes on and approves compensation for the executive director based on the recommendation of the President's Committee.”

“The organization has a written set of transparency procedures. These transparency procedures were provided to all of the organization's members upon approval of the board and general membership. Under these transparency procedures the organization makes the following documents publicly available upon request as noticed on the website or at the organization's offices: Organizing/Governing Documents (Bylaws, Articles of Incorporation, etc.), Conflict of Interest Policy, Antitrust Policy, Current Financials (Budget and financial statements), and most recent IRS Form 990 and IRS Form 990-T.”

“The fiscal year ended July 31, 2020 is the initial audit of the organization's financial statements. The process of oversight and auditor selection is as follows:The financial oversight committee is delegated by the governing body to oversee the audit of the financial statements.The executive committee is delegated by the governing body with the selection the independent auditors to audit the financial statements.”