Election of new KyMEA Board Treasurer

Motion Passed:  Motion to approve Ed Fortner as KyMEA Board Treasurer passed with a motion by Josh Callihan and a second by Mike Withrow.

None.

• treasurer report Jan 18

Motion Passed:  Motion to approve financial report. passed with a motion by Josh Callihan and a second by Mike Withrow.

This will be an update for the Board on status of FPB’s review of the AR Contract.

Approve minutes from 1/25/18.

• MeetingMinutes01252018

Motion Passed:  Motion to approve minutes of KyMEA Special Board Meeting held on 1/25/18 passed with a motion by Ed Fortner and a second by Josh Callihan.

Update from KyMEA President and CEO

Update on CFO Activities

• KyMEA Board Financials Jan 18

This will be a brief update regarding:

1.       Delivery point transition plan

2.       LGE/KU/PJM/EKPC       - Arrangements for Falmouth

3.       MISO                              - Nothing for now

The implementation plan and schedule was last reviewed with the Board during the Fall of 2016. The implementation plan budget was last reviewed with the Board in Spring of 2017.

An updated implementation plan and schedule will be discussed at the February meeting. The implementation plan budget will then be updated and presented to the Board for its consideration at the March and/or April Board meetings.

• Project Schedule 2018 02 16

This will be a discussion of potential office space options for KyMEA.

• KyMEA_Board_Office_LOI_Feb_2018_02-22-2018-v2
• Resolution Making Determinations and Findings relating to Leasing Office Space

Motion Passed:  Motion to approve the attached resolution authorizing the President and CEO to solicit, advertise and review the proposals for office space; to use the services of a commercial leasing agent and space planner, if needed, to assist in said solicitation and review; to determine which proposals are reasonably susceptible to being awarded a lease for office space; to negotiate the terms of a proposed lease; to sign a letter of intent to lease said office space if necessary to hold the space, and to present to the KyMEA Board the office space lease for its consideration and approval. passed with a motion by Mike Withrow and a second by Chris Melton.

This will be a further discussion of the staffing plan discussed last month.  

Action Requested:

The Board will be asked for approval of the Vice President of Finance and Accounting and CFO, Vice President of Marketing Operations, and Vice President of Rates and Planning positions.

• KyMEA Organizational Chart (with future)
• KyMEA Vice President of Finance and Accounting and CFO_02-15-2018
• KyMEA Vice President of Market Operations_02-15-2018
• KyMEA Vice President of Planning and Rates_02-18-2018

Motion Passed:  Motion to approve the staffing plans presented by the President and authorize the President to solicit, advertise to the extent necessary and fill the position of Vice President, Finance and Accounting and Chief Financial Officer; the position of Vice President, Market Operations and the position of Vice President, Rates and Planning so as to conform to the total staffing budget previously approved. passed with a motion by Chris Melton and a second by Josh Callihan.

This will be an opportunity for members of the public to provide input to the KyMEA Board. Comments will be limited to 5 minutes per speaker.

The KyMEA Board of Directors shall hold its regular meetings on the fourth Thursday of each month, except for the months of November and December when the regular meeting shall be held on the third Thursday. 

The regular meetings shall convene and commence at 10:00 AM Central time on said dates.

The regular meetings shall held at the Bowling Green Municipal Utility located at 801 Center St, Bowling Green, KY 42101 in Bowling Green, Kentucky or at such location to be designated by the Board.

Thursday, March 22, 2018, 10:00AM Central Time, Bowling Green Municipal Utility

Wednesday, April 25 2018, Time and Location TBA

Thursday, May 24, 2018, 10:00AM Central Time, Bowling Green Municipal Utility

Thursday, June 28, 2018, 10:00AM Time and Location TBA

 Closed Session pursuant to KRS 61.810 (1)(k) and 61.878 (1)(c) for the purpose of:
(i) presenting and discussing the proposals received in response to the RFP for Renewable Resources and updating the negotiation proceedings; and
(ii) presenting and discussing the proposals received in response to the Natural Gas/Combined Cycle Resource RFP and updating the negotiation proceedings.
KRS 61.810(1)(k) and 61.878(1)(c) allow for closed session where discussions regarding records or information disclosed to the agency or required to be disclosed to the agency as confidential or proprietary would, if disclosed by the agency, provide an unfair advantage to competitors of the entity disclosing such information.

Motion Passed:  Approval to enter into Closed Session pursuant to KRS 61.810 (1)(k) and 61.878 (1)(c) for the purpose of: (i) presenting and discussing the proposals received in response to the RFP for Renewable Resources and updating the negotiation proceedings; and (ii) presenting and discussing the proposals received in response to the Natural Gas/Combined Cycle Resource RFP and updating the negotiation proceedings. KRS 61.810(1)(k) and 61.878(1)(c) allow for closed session where discussions regarding records or information disclosed to the agency or required to be disclosed to the agency as confidential or proprietary would, if disclosed by the agency, provide an unfair advantage to competitors of the entity disclosing such information. passed with a motion by Mike Withrow and a second by Chris Melton.

Motion Passed:  Approval to return to Open Session passed with a motion by Mike Withrow and a second by Josh Callihan.

Motion Passed:  Motion to adjourn passed with a motion by Mike Withrow and a second by Kevin Frizzell.