• July 24 2019 Board Packet v2 reduced

The meeting will be called to order by the Chairman of the Board, Ron Herd.

Motion Passed:  Approval of the previous month's meeting minutes passed with a motion by Josh Callihan and a second by Kevin Frizzell.

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

There are no committee reports for this months meeting.

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

Heather Overby presented to the Board any current and upcoming finance and accounting activities.

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

Doug will give an update on legislative activities.

Doug Buresh discussed some details of the Strategic Planning progress and the next workshop that will be facilitated by Tim Blodgett of Hometown Connections after next months meeting.

Doug Buresh will present the updated Schedule "B" Resource Obligation Table to the AR Project Committee.

Doug Buresh will present the updated annual Weighted Voting to the AR Project Committee.

Motion Passed:  Motion to approve the updated Resource Obligation table and annual Weighted Voting passed with a motion by Josh Callihan and a second by Ronald Herd.

Doug will present rate schedule modifications to the AR Project Committee.

Motion Passed:  Motion to approve the presented rate schedule modifications passed with a motion by Gary Zheng and a second by Josh Callihan.

Motion Passed:  Motion to adjourn the AR Project Committee Meeting and enter back into the KYMEA Board Meeting passed with a motion by Josh Callihan and a second by Gary Zheng.

Doug Buresh will present the updated Schedule "B" Resource Obligation Table to the KYMEA Board.

Doug Buresh will present the updated annual Weighted Voting to the KYMEA Board.

Motion Passed:  Motion to approve the updated resource obligation table and the annual Weighted Voting passed with a motion by Chris Melton and a second by Kevin Frizzell.

Doug will present rate schedule modifications to the KYMEA Board.

Motion Passed:  Motion to approve the presented rate schedule modifications passed with a motion by Chris Melton and a second by Kevin Frizzell.

Doug will make a presentation to the Board about the Paris Diesel contract amendment.

Motion Passed:  Motion to approve the presented Paris Diesel Contract amendment passed with a motion by Chris Melton and a second by Kevin Crump (Proxy for Mike Withrow).

Doug will make a presentation to the Board about the Paducah Power Supply contract amendment.

Motion Passed:  Motion to approve the Paducah Power Supply contract amendment resolution. passed with a motion by Josh Callihan and a second by Chris Melton.

Chairman recommends the Board approve the Resolution creating a temporary FERC Litigation Committee consisting of the Chairman of the AR Project Committee, the Board Risk Oversight Committee, and KYMEA’s FERC Counsel.

Motion Passed:  Motion to create a temporary FERC Litigation Committee consisting of the Chairman of the AR Project Committee, the Board Risk Oversight Committee, and KYMEA’s FERC Counsel. passed with a motion by Josh Callihan and a second by Chris Melton.

This was an opportunity for members of the public to provide input to the KYMEA Board and was 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 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.

Closed Session Authorization for July 24, 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; and
2. 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.

Motion Passed:  Motion to enter into closed session passed with a motion by Kevin Frizzell and a second by Kevin Crump (Proxy for Mike Withrow).

Motion Passed:  Motion to leave closed session and enter back into open session passed with a motion by Josh Callihan and a second by Chris Melton.

No Board actions are expected.

Motion Passed:  Motion to adjourn passed with a motion by Kevin Howard and a second by Chris Melton.