Board meetings, strategic plans, and buyer signals from John Bilsten’s organization
Sep 2, 2026·BoardMeeting
Board
Algona Municipal Utilities Board Of Trustees Minutes Of Proceedings
The board conducted a public hearing on 2026 electric rates, which concluded with no objections. Financial statements and operations trend charts were presented and filed. The General Manager provided updates on electric power sources, utilization factors, and various infrastructure maintenance projects. Several resolutions were adopted, including an electric rate adjustment and an amendment to the power cost adjustment. Additionally, payment requests and change orders for the Fiber to the Home (FTTH) project and the 2026 Watermain Improvements Project were approved. The board also reviewed proposed large electric load rates and scheduled a future public hearing regarding these rates.
Aug 5, 2026·BoardMeeting
Board
Algona Municipal Utilities Board Of Trustees Minutes Of Proceedings
The Board reviewed an electric rate analysis and established a date for an upcoming public hearing. Management provided status updates regarding various power sources, energy pricing, water main and electric distribution improvement projects, and the progress of the Fiber to the Home initiative. The Board authorized financial statements and several payment requests and change orders for utility projects. Additionally, the Board approved resolutions regarding loan repayment acknowledgments, mortgage releases, an assumption agreement for personal liability, and a resolution of appreciation for a staff member.
Jul 1, 2026·BoardMeeting
Board
Algona Municipal Utilities Board Of Trustees Minutes Of Proceedings
The board conducted a public hearing for the Furnishing an Electric Power Transformer project at the West Substation. Key actions included the approval of financial statements, the authorization of electric revenue capital loan notes, and the adoption of resolutions related to organizational and administrative updates, investment policy, and contract awards. The board also addressed various infrastructure and improvement projects, including watermain improvements and fiber-to-the-home project payments. Additionally, the board approved an executive compensation assessment and salary adjustment for the General Manager.
Jun 3, 2026·BoardMeeting
Board
Algona Municipal Utilities Board of Trustees Minutes Of Proceedings
The board received bids for Electric Revenue Capital Loan Notes and authorized the sale of said notes via resolution. Financial statements and operations trend charts were presented and filed. The board received updates on various construction and utility infrastructure projects, including watermain projects and potential wind and battery energy initiatives. Resolutions were authorized for an agreement with the Algona Growth Alliance regarding the Kossuth Childcare Solutions Fund and for the 2026-2027 wages. Additionally, the board approved the annual health insurance renewal, various staff hiring and promotion actions, and payment for an ongoing fiber-to-the-home project.
Extracted from official board minutes, strategic plans, and video transcripts.
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