2022 Annual General Meeting Notice
Dear RSEC Members:
The AGM duly called for December 15, 2022 was adjourned by the Chair, Richard Lu due to a lack of quorum. As per the By-law requirements, it has been rescheduled to December 29th at 11AM. Notice of the meeting is now put on the website.
The Renewable Sun Energy Co-operative Inc. will be holding our Annual General Meeting (AGM) on at 11AM on December 29th 2022.
The AGM will be held by conference call as follow: Click here to join the meeting
1. President’s Report on year’s business to date, including 2021.
2. Approve Minutes of 2020 AGM/ Ratification of decision not to hold AGM in 2021
3. Approve annual financial report/Statements for 2021 and 2022.
4. Nominating Committee Report:
a. Election of Board of Directors: that the following individuals be nominated to serve on the Board of directors for the following terms:
John Kozak – 3 year term;
Ina Lila – 2 year term;
Aisha Lewis – 1 year term;.
b. Ratification of Directors since December 16th 2020: Moved/Seconded, that the following Directors who served on the RSEC Board from December 16, 2020 until December 15, 2022 be ratified as dully elected: John Kozak – 3 year term, Aisha Lewis – 2 year term, Richard Lu – 1 year term.
5. Ratification of Board decision to not carry out Audits of the Co-operative in 2021, 2022, and for the upcoming fiscal years.
6. Other business
Hope to hear from all of you on Dec. 15th, 2022, at 11AM.
Regards,
Richard Lu
President, Renewable Sun Energy Co-operative Inc.
2022 Annual General Meeting Notice
Dear RSEC Members:
The Renewable Sun Energy Co-operative Inc. will be holding our Annual General Meeting (AGM) on at 11AM on December 15, 2022.
The AGM will be held by conference call as follow: Click here to join the meeting
1. President’s Report on year’s business to date, including 2021.
2. Approve Minutes of 2020 AGM/ Ratification of decision not to hold AGM in 2021
3. Approve annual financial report/Statements for 2021 and 2022.
4. Nominating Committee Report:
a. Election of Board of Directors: that the following individuals be nominated to serve on the Board of directors for the following terms:
John Kozak – 3 year term;
Ina Lila – 2 year term;
Aisha Lewis – 1 year term;.
b. Ratification of Directors since December 16th 2020: Moved/Seconded, that the following Directors who served on the RSEC Board from December 16, 2020 until December 15, 2022 be ratified as dully elected: John Kozak – 3 year term, Aisha Lewis – 2 year term, Richard Lu – 1 year term.
5. Ratification of Board decision to not carry out Audits of the Co-operative in 2021, 2022, and for the upcoming fiscal years.
6. Other business
Hope to hear from all of you on Dec. 15th, 2022, at 11AM.
Regards,
Richard Lu
President, Renewable Sun Energy Co-operative Inc.
2022 Unaudited Financial Statement
2021 Unaudited Financial Statement
Annual General Meeting 2020 Documents
Annual General Meeting 2020
Minutes
Date/Location of meeting: MS TEAM Call on Dec. 16th, 2020 at 10AM
Attendance: Directors: Richard Lu, Melissa Clark. Regrets: Henry Jung. Guests: John Kozak, Aisha Lewis, Zartab Alam, George Brown
- Waiver of Notice for Board Meeting: Moved by Melissa Clark, Seconded by Richard Lu that “the Notice Requirements for the December 16, 2020 Board of Directors Meeting for Renewable Sun Co-operative be waived.”
- Approval of Agenda: Moved by Melissa Clark, Seconded by Richard Lu that “the Agenda for the December 16, 2020 Board of Directors Meeting for Renewable Sun Co-operative be approved.”
- Declaration of Conflict of Interest. None.
- Approval of Minutes of Last Board meeting: Moved by Melissa Clark, Seconded by Richard Lu that “the Minutes of the March 20, 2020 Board of Directors Meeting for Renewable Sun Co-operative be approved.”
- Approval of new Members: Moved by Richard Lu, Seconded by Melissa Clark that the following individuals: John Kozak and Aisha Lewis be approved as members of the Renewable Sun Energy Co-operative. Carried.
- Recommended Slate of Directors by the Nominating Committee: Moved by Richard Lu, Seconded by Melissa Clark that the following individuals be nominated to serve on the Board of directors for the following terms: Richard Lu – 3 year term; Melissa Clark – 2 year term; Aisha Lewis – 1 year term; John Kozak – 1 year term. Carried.
- Moved by Richard Lu, Seconded by Melissa Clark that the 2019 Year End Financial Statements as presented be approved. Carried
- Presentation / Discussion on IESO matters: An update on the state of pending litigation over the cancellation of various FIT contracts that the Co-operative was involved in was provided by Richard Lu and John Kozak. A letter from the law firm representing RSEC and other parties in the law suit will be tabled at the AGM in order to update Members.
- Review the 2020 President’s Report to the members. Discussion on what to include. Took place. It was decided that the letter refereed to in Agenda Item 8 would be a major part of the President’s report.
- Communication strategy with members: website, mail, e-mail. A discussion ensued re: the best way to notify Members as well as keep them up to date on the progress of the litigation and other coop matters. It was decided that the web site would be the most effective and efficient way to do this with periodic emails and paper notices being sent out when the Board deems it necessary.
- Adjournment: Moved by Richard Lu, Seconded by Melissa Clark “that the meeting be adjourned.”
December 2020 Update to our Members
RSEC was formed to participate in solar photovoltaic projects through Ontario’s Feed-In Tariff (“FIT”) program. The FIT program was delivered by the Independent Electricity System Operator (“IESO”). Together with Solar Flow-Through Fund, RSEC applied for and was awarded a number of FIT contracts. Unfortunately, once the provincial Conservative government was elected in June 2018, certain FIT contracts were subsequently terminated in July 2018. RSEC was a party to certain terminated FIT contracts. As a result, Solar Flow-through, on behalf of its shareholders, including RSEC, is pursuing a claim against the IESO for the improper cancellation of certain FIT contracts.
Annual General Meeting, 2019
Dear RSEC Members:
The Renewable Sun Energy Co-operative Inc. will be holding our Annual General Meeting (AGM) on at 1pm on May 30, 2019.
The AGM will be held by conference call as follow:
Toll-Free Dial-in (US/Canada): 1 888-601-5564, Participant PIN: 49474
The agenda for the AGM is as follows.
1. The Members present waive the requirement for Notice of the May 30, 2019 AGM
2. President’s Report on year’s business to date and future business plans
3. Presentation and Approval of Board of Director’s amendment to By-laws
4. Presentation and Approval of Financial Statements for Year ending December 31,
2018
5. Other business
Please review the minutes from the May 23rd, 2019 meeting that are attached, particularly
clause 6. Please respond to this e-mail notice by May 27th, 2019 to let us know if you are
planning on attending.
Hope to hear from all of you on May 30th, 2019, 1pm sharp!
Minutes
Date/Location of meeting: May 23, 2019- 11AM-Conf. Call
Call in # Toll-Free Dial-in (US/Canada): 1-888-601-5564
Conference Code:49474
Attendance: Richard Lu, Henry Jung, Gary Tsuji, George Brown. Regrets: Melissa Clark
1. Waiver of Notice for Board Meeting: Moved by Henry Jung, Seconded by Gary Tsuji that “ the Notice Requirements for the May 23, 2019 Board of Directors Meeting for Renewable Sun Co-operative be waived.” Carried
2. Approval of Agenda : Moved by Gary Tsuji, Seconded by Richard Lu that “ the Agenda for the May 23, 2019 Board of Directors Meeting for Renewable Sun Co-operative be approved.” Carried
3. Declaration of Conflict of Interest: None
4. Approval of Minutes of Last Board meeting: Moved by Richard Lu, Seconded by Gary Tsuji that “the Minutes of the May 1, 2019 Board of Directors Meeting for Renewable Sun Co-operative be approved.” Carried
5. Appointment of Officers: Moved by Gary Tsuji. Seconded by Henry Jung that “Richard Lu be appointed President and Henry Jung be appointed Secretary/Treasurer. Carried
6. Approval of revisions to the By-laws: Moved by Henry Jung, Seconded by Gary Tsuji that By-law: 8. Be Amended to add subsections (b) and (c) below:
(b) issue, sell or pledge debt obligations of the co-operative; or
(c) charge, mortgage, hypothecate or pledge all or any currently owned or subsequently acquired real or personal movable or immovable property of the co-operative, including book debts, rights, powers, franchises and undertakings, to secure any debt obligations or any money borrowed or other debt or liability of the co-operative. Carried
7. Special Meeting of Members to confirm amendments to By-laws: Moved by Richard Lu . Seconded by Henry Jung that the Board of Directors call a Special meeting of the Members of the Co-operative for the week of May 27, 2019 to May 31, 2019 to vote on the proposed amendments to the By-laws listed in Clause 6. Carried
8. Adjournment: Moved by Henry Jung, Seconded by Gary Tsuji “that the meeting be adjourned.” Carried