• June 27 2019 Board Packet V6

Josh Callihan thanked Tim Blodgett from Hometown Connections for joining us .

The meeting will be called to order by the Vice Chairman of the Board, Josh Callihan.

• May 23 2019 Meeting Minutes Final

Motion Passed:  Approval of the previous month's meeting minutes passed with a motion by Chris Melton and a second by Mike Withrow.

• KYMEA Board Financial Packet 5-19.pdf

Motion Passed:  Approval of the previous month's financial reports. passed with a motion by Kevin Frizzell and a second by Chris Melton.

Committee reports were presented at this time.

A report of the quarterly Board Risk Oversight Committee meeting from June 27, 2019 was presented to the board.

• BROC Qtrly Report 06272019_dab

Doug Buresh presented the CEO report regarding the agency's past and upcoming activities.

• KYMEA_Board_Presentation_June_2019_CEO_06-27-2019 (004)

Michelle Hixon communicated to the board any upcoming events and member activities.

• Communications Report 2019 06 27.pdf

• KYMEA_Board_Meeting_Format_June_2019_06-27-2019 (002)

Doug Buresh discussed some details of the Strategic Planning workshop that will be facilitated by Tim Blodgett of Hometown Connections directly after today's board meeting.

This was an opportunity for members of the public to provide input to the KYMEA Board and was limited to 5 minutes per speaker.  No comments were made.

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 Wednesday.

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

The regular meetings shall held at the KYMEA Board Room, 1700 Eastpoint Pkwy, Suite 220, Louisville, Kentucky.

The next meeting is a Special Meeting and will be held on Wednesday, July 24, 1:00 PM at the Courtyard by Marriott, 2254 South Hwy 27, Somerset, KY 42501.

Closed Session Authorization for June 27, 2019 KYMEA Board Meeting

Approval to enter into Closed Session pursuant to KRS 61.810(1)(c); KRS 61.810(1)(k);  KRS 61.878(1)(c) and KRS 61.878(1)(j) for the purpose of:

1. discussing proposed, potential or pending litigation relating to KYMEA and its members relating to transmission issues;
2. discussing matters regarding the IPMC PPA which may lead to potential litigation to preserve KYMEA rights under the PPA as a result of recent decisions of the Illinois Pollution Control Board;
3. discussing the preliminary financial forecasts and recommendations for exercising a right of first refusal for additional supply pursuant to the Ashwood Solar Project; and
4. discussing the market report and KYMEA’s future and potential hedging strategy

KRS 61.810(1)(c) allows for closed session for the purpose of discussing proposed, potential and pending litigation relating to the agency.

KRS 61.810(1)(k) and 61.878(1)(j) allow for closed session where presentation, discussion and review of preliminary recommendations and preliminary memoranda in which opinions are expressed or polices formulated or recommended.

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.

• Resolution authorizing Closed Session - Revised Resolution 6-27-19

Motion Passed:  Motion to enter into closed session passed with a motion by Mike Withrow and a second by Chris Melton.

Motion Passed:  Motion to return to open session passed with a motion by Mike Withrow and a second by Chris Melton.

No actions were needed.

Motion Passed:  Motion to adjourn passed with a motion by Chris Melton and a second by Mike Withrow.