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Elk River M <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance &Office <br /> John Dietz—Chair Manager <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> February 10, 2015 5.3 <br /> SUBJECT: <br /> Performance Metrics Update <br /> BACKGROUND: <br /> Following adoption of the Commission adopted Performance Metrics program in December <br /> 2012,we have been tracking the progress for 2014, to be awarded in 2015. This is a company <br /> performance based program designed to incentivize employee commitment towards the <br /> company's success. Divided into categories representing core values of the company and again <br /> into sub-categories that are quantifiable, this program is designed to track goals that require <br /> companywide support of the employees to continually achieve. When the employees work <br /> together as a team to achieve these goals,the company recognizes a corresponding increase in <br /> value to our customers. <br /> DISCUSSION: <br /> At close of the fiscal 2014 year, and completion of the audit,the final score card will be <br /> evaluated and presented to the Commission for awarding the related bonus in 2015. We tracked <br /> the progress of the company and the related score card quarterly throughout 2014. The projected <br /> final scorecard is attached,projecting scores that have known components at this date, and with <br /> some notes for the fourth quarter results. The Margins/Net Profit metric and the Reserves metric <br /> will not be final until the audit is complete,however, all other metrics presented are final for <br /> 2014. <br /> You will note we are on target for all metrics, except one. Only the CAIDI reliability metric is <br /> off target. CAIDI is the average outage duration, or average restoration time. The goal is 2 hours <br /> or less and we are just under 3 hours for the metric calculation. <br /> ACTION REQUESTED: <br /> None, this is for information only. <br /> ATTACHMENTS: <br /> • Performance Metrics and Incentive Compensation Policy Score Card- 2014 <br /> EN PYONEOEO 01 <br /> Page 1 of 1 NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D T O S E R V E <br /> 65 <br />