Grove’s Townsend Ends Tenure on GRDA Board

Langley – After five years of service, Ed Townsend (Grove), closed out his tenure on the Grand River Dam Authority Board of Directors during the board’s August 8 meeting in Langley.

Outgoing GRDA Director Ed Townsend admires the Grand Lake eagle print presented to him during the August 8 meeting of the GRDA Board of Directors in Langley. Townsend, who served as GRDA Chairman in 2015-16, is ending his tenure on the board after five years of service.

Townsend, the founder, owner and chief executive officer of Bank of Grand Lake, was appointed to the GRDA Board by Oklahoma Governor Mary Fallin in September 2013. He served as GRDA Chairman in 2015-16 and throughout his tenure helped lead the board’s audit, finance, budget, policy and compliance committee. Townsend’s leadership of GRDA was critical during a significant period as the organization enhanced its electric generation portfolio with additional wind generation, state-of-the-art emission controls on its Unit 2 coal generator and the construction of its new ultra-efficient Unit 3 combined cycle gas plant.

“We want to thank you for your five years of service,” GRDA President/CEO Dan Sullivan told Townsend during the meeting. “I’ve told a lot of people that you are one the brightest people I know, with your ability to analyze issues on the fly. It’s truly an amazing gift and we are very appreciative of you sharing that gift with GRDA.”

GRDA Chairman Joe Vandevier echoed Sullivan’s sentiments about Townsend’s value to the board.

“Director Townsend brought a world of experience in the financial and operational areas,” said Vandevier. “We’ve really leaned on that experience and we thank him for his service.”

GRDA is governed by a seven-member board of directors comprised of representatives from each GRDA customer class (municipals, electric cooperatives and industrials) as well as the GRDA lakes area. Two at-large representatives also sit on the board.

Appointments are made by the Oklahoma Governor (3), Speaker of the Oklahoma State House of Representatives and President Pro Tempore of the Oklahoma State Senate. Two other board positions are ex-officio positions, filled by the general manager of the Oklahoma Association of Electric Cooperatives (OAEC) and executive director of the Municipal Electric Systems of Oklahoma (MESO) or by their designees. Board members serve staggered, five-year terms, with one position opening each year, to ensure continuity.

Governor Fallin is expected to name Townsend’s successor soon.