PRESIDENT & CEO
LETTER
2 0 2 0 WA S O N E T O R E M E M B E R – A N D N O T I N
term work plan includes critical updates
After setting aside the BPA Prepayment
past year to effectively respond to the
A G O O D W AY. T H I S P A S T Y E A R R O B B E D U S
to substations and other infrastructure
transaction, total assets are $198 million
changing environment and accomplish all
to keep the lights on. In addition to our
dollars, long-term debt is $68 million
the successes highlighted in this annual
annual work plan, our team processed a
and net margins were $4.59 million in
report. We continue to believe that our
record number of new service requests,
2020. Your cooperative was also able to
products, services and the value they add
A L L O F O U R P L A N S , S A F E T Y, C O M F O R T A N D O U R LIVES AS WE KN EW TH E M .
return $2.46
to our members remain the fundamental
DESPITE THE CHALLENGES, IT
million in capital
elements of our continued success to
credits to the
improve the quality of life for our valued
membership in
members.
We’ve hurt, cried, wondered ‘why
home. Having reliable power is always
winds, which caused widespread outages.
us’ and ‘why now?’ Despite all of the
a priority for Inland Power, but it has
Some areas saw severe damage, including
I S A M A Z I N G TO LO O K BAC K &
overwhelming disappointment, your utility
never been as critical to the daily lives
over five hundred destroyed poles.
S E E A L L T H AT I N L A N D P O W E R
has persevered through insurmountable
of our members as during the COVID-19
Members in the Creston area had an initial
hardship and come out stronger and
pandemic.
forecast of being without power for two
ACCO M P L I S H E D I N 2 0 2 0 .
more resilient.
Recent months have been a time for
Throughout
On behalf of your Inland Power board of trustees and all the employees of Inland
weeks due to the damage. Inland crews
managed our fleet inventory, redesigned
this report, you will see evidence of our
Power we thank you for your business, the
rallied and were able to make a record
our warehouse, and accomplished many
dedication to serving and continually
opportunity to serve your needs and we
number of repairs and pole replacements
other achievements that are highlighted
creating value for our members. We
look forward to a successful, healing and
to restore power to the community in just
throughout this annual report.
would like to thank our employees for
happier year in 2021.
Resiliency is defined as the ability to
reflection. Despite the challenges, it is
withstand adversity and bounce back from
amazing to look back and see all that
difficult life events. To say that we, as a
Inland Power accomplished in 2020. We
society, have shown resiliency over the last
have been with you every step of the way
year is an understatement. Inland Power
through this difficult time. Aside from
As always, Inland’s commitment to
persevered through it all to ensure you
the impacts of COVID-19, Mother Nature
providing reliable power is at the forefront
continued to receive power during this
also proved to be a formidable opponent
of our focus. Ensuring our system remains
critical time with the world quarantining
in 2020. Our Labor Day BBQs were
resilient and dependable is of the utmost
while working and learning virtually from
interrupted by wildfires fueled by high
importance to Inland Power. Our long-
1 RESILIANCE | 2020 ANNUAL REPORT
2020.
six days.
Inland’s overall financial health is excellent.
their resilience, dedication, perseverance and willingness to embrace change this CEO INLAND POWER & LIGHT
PRESIDENT BOARD OF TRUSTEES
