A Game Changer: The Team Sport of Infrastructure Planning
In part one of this two-part episode, we speak with Wright-Hennepin Cooperative Electric Association CEO Tim Sullivan and CFO Brian Swanson to discuss the dynamic field of electric utility infrastructure planning and the transformative changes happening in the industry. Sullivan has a unique approach to infrastructure planning—considering it a team sport. This non-traditional approach recognizes the importance of infrastructure investments beyond conventional elements, encompassing technology, marketing, beneficial electrification and more. Sullivan and Swanson touch on the rapid pace of change in infrastructure planning due to technological advancements and the importance of adapting to these changes.
Wright-Hennepin serves approximately 59,000 members in western Hennepin County, Minnesota. The cooperative is a mix of suburban and traditional cooperative areas that are experiencing high growth demands and increased electrification of the transportation sector.
Learn how Sullivan and his team are bringing their A-game on investments to meet a growing territory population and an increase in energy demand.
Outline:05:13 Infrastructure Planning Strategy
12:40 Developing a Long-range Financial Plan
14:42 Financial Planning and the Board of Directors
18:20 Making a Strategic Shift to the Infrastructure Plan
22:50 Energy Transition and Electric Vehicle Strategies
29:10 Keeping Members Informed
32:53 Calling Balls and Strikes on Undergrounding Lines
34:29 Infrastructure Planning with a Focus on Labor
37:23 Top Tips for Co-op Leaders Developing an Infrastructure Plan