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HomeMy WebLinkAbout16 Stratigic Plan Workshop AGENDA ITEM #16 Public Utility District m MEETING DATE: August 2, 2023 TO: Board of Directors FROM: SUBJECT: Workshop to Review 2023 Strategic Plan Update Benchmarking Information APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: This is a workshop item for Board review and input to staff. BACKGROUND: In May of 2021, the District adopted the Truckee Donner Public Utility District Strategic Plan 2021-2024. The strategic plan outlined the District's operational goals and four Board adopted strategic initiatives that included: • Undergrounding of Overhead Utilities • Community-wide Broadband • 100% Clean Renewable Energy • Local Clean Generation In 2023, the Board and staff began the task of evaluating goals and initiatives outlined in the strategic plan based on work completed to date as well as new information related to the changing conditions in the public utility sector. ANALYSIS AND BODY: In the process of updating the strategic plan, the Board has considered modification of several of the strategic initiatives to more accurately reflect the community's evolving needs as well as the ever-changing energy generation markets, resource supply chain challenges, and forecasted economic landscapes. The revised initiatives include: • Service Reliability and Safety • Community-wide Broadband • Net Carbon Reduction • Local Watershed Stewardship Page 1 of 2 Page 37 of 165 One component of the strategic plan update is for the District to evaluate the revised strategic initiatives against best practices and new information gained by industry experts and our partners in the public utility sector. In June of 2023, staff coordinated six benchmarking workshops with industry experts and representatives of public utilities to gain insights into their understanding of best practices, lessons learned and recommendations moving forward. This workshop will provide a summary overview of the information gained through the benchmarking process and provide opportunities for discussion and feedback as to how the District will incorporate this information into the District's strategic planning initiatives. GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Take the best of private sector thinking to modernize the utility and add value to our communities. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: ATTACHMENTS: None Page 2 of 2 Page 38 of 165