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Electric cooperative hires new CEO

Michael Allen Dreyspring, a consultant to the rural electric cooperative industry in the Dallas-Fort Worth area, has been hired as CEO of La Plata Electric Association.

Dreyspring’s first day on the job will be Sept. 1. He replaces Greg Munro, who retired Aug. 1.

Before founding his consulting company in March, Dreyspring, 56, was president and CEO of CoServ Electric and president of CoServ Gas in Dallas-Fort Worth for 10 years, 2004 to 2014.

The consulting firm provided strategic leadership and oversight of a 175,000-meter cooperative. CoServ was a wholly owned natural-gas distribution affiliate.

In his résumé, Dreyspring said he pulled one of the fastest-growing electric cooperatives in the country (CoServ) out of bankruptcy, leading it to “exceptional financial performance, reliability and safety metrics by which most successful electric cooperatives compare themselves.”

Dreyspring said he also sold or closed affiliates not compatible with the CoServ mission.

One wholly owned CoServ affiliate he closed in 2012 was Llano Utilities Services, which was in construction and construction equipment leasing. Dreyspring was president of Llano from February 2004 until the company was closed.

Dreyspring also was executive vice president and general manager of Lea County Electric Cooperative, in Lovington, New Mexico, from June 1995 to January 2004.

Other posts he held: director of finance and administration of First Electric Cooperative Corporation in Jacksonville, Arkansas, from January 1989 to May 1995; and accountant and office manager of Tri County Electric Cooperative in Hooker, Oklahoma, from January 1983 to December 1988.

Dreyspring received an undergraduate degree in accounting from Panhandle State University in Goodwell, Oklahoma, and a degree in business administration management in 1981 from Oklahoma Baptist University in Shawnee.

Dreyspring is married. He and his wife, Sabra, have two grown daughters and seven grandchildren.

LPEA operations manager Steve Gregg has filled in as interim CEO since Munro left. He will retire himself when Dreyspring has his feet on the ground.

dalder@durangoherald.com

Aug 20, 2014
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