Board of Directors
FGU is governed by its Board of Directors, which consists of one representative from each member organization. This group is responsible for approving FGU’s budget, adopting bylaws, establishing policies, issuing any bonds, notes, or any other debt obligations, and selecting officers and Executive Committee members.
The business and affairs of FGU are managed by the General Manager under the general direction of the Executive Committee. The Executive Committee implements the policies approved by the Board of Directors, approves operating procedures used by FGU in carrying out its duties and obligations, and has the power to approve the execution of contracts on behalf of FGU.
FGU’s Executive Committee is made up of seven member representatives and three alternates:
- The Chair and Vice-Chair of the Board of Directors
- 2 board members representing electric generating utilities
- 2 board members representing natural gas distribution utilities
- 1 at-large board member
- 3 alternates
Executive Committee members and other officers are elected for two-year terms, and provide general guidance to FGU’s General Manager/Chief Executive Officer.
The Board of Directors has the ability to appoint new committees as needed. Currently, four (4) other committees exist:
- Nominating Committee
The Nominating Committee is responsible for selecting candidates for open Executive Committee positions due to term expirations and vacancies.
- Credit Committee
The Credit Committee evaluates any credit-related matters and recommends credit policies and procedures to the Executive Committee.
- Compensation Committee
The Compensation Committee assesses all salary adjustments for employees and gives their recommendation to the Executive Committee.
- Strategic Planning Committee
The Strategic Planning Committee assists FGU with creating a strategic plan to guide the direction of the company.