IEEE Power & Energy Magazine - May/June 2016 - 12

between uS$600,000-800,000. It may
seem alarming to have expenses this
much greater than revenues, but in 2014,
PeS realized a surplus of over uS$2
million. In 2016 (another t&D exposition year), the budget
reflects a uS$1.88
million surplus. this
demonstrates how the
deficits in odd years
compare to surpluses
in the even years.
PeS is a financially
healthy Ieee Society. the PeS governing Board oversees activities throughout
the Society and sets spending priorities, particularly in the Committee areas. the two newer initiatives of PeS
Scholarship Plus and Ieee Smart Village are examples of efforts to solve
problems. Funding has been increased
over the years to increase membership

value through the PeS resource Center, support students attending PeS
meetings around the
world and the general Meeting in particular, develop new
awards for student
chapters, improve efforts to support newer
members, increasing
Women in Power and
Young Professionals
affinity group support
efforts, and provide
overall Membership
and Chapter funding. this has been
accomplished without increasing PeS membership fees.
going forward, we plan to expand
existing and develop new initiatives to
support the following strategic goals of
the Society:
✔ Strengthen industry members'
involvement and benefits by
increasing and communicating

The PES
Governing
Board oversees
activities
throughout the
Society and
sets spending
priorities.

the benefits of active Society
participation.
✔ Improve international involvement and leadership, including
awareness, technical participation, and use of global meetings
and Chapter activities to foster
cooperation.
✔ Provide objective technical leadership, globally, by supporting
major industry initiatives that
lead to developing the key regulatory policies and standards.
Your input, participation, energy, and
ideas are critical to our ongoing success
as we continue to grow and search for
ways to improve our services to members and our contribution to our industry
and humanity.
I hope this article has shed some
light on the finances of your Society.
I would like to thank you all for being
members of PeS, and I truly hope you
enjoy and get as many benefits from
contributing to the Society as I do.
p&e

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Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - May/June 2016