KyMEA
September 26, 2019 10:00 AM
Kentucky Municipal Energy Agency
Return
A. Meeting Opening
Ron Herd
Attachments
A.1. Attendance
Michelle Hixon
A.2. Guest Introductions
Ron Herd
Rationale

The Chairman will introduced any guests at the meeting.

A.3. Call to Order
Ron Herd
Rationale

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

B. Meeting Minutes
Ron Herd
Actions Taken

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

C. Financial Reports
Heather Overby
Actions Taken

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

D. Committee Reports
Doug Buresh
D.1. BROC Report
Gary Zheng
E. Administration Reports
E.1. CEO
Doug Buresh
Rationale

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

E.2. Finance and Accounting
Heather Overby
Rationale

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

E.3. Member Communications
Michelle Hixon
Rationale

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

F. Discussion Topics
F.1. Legislative Update
Doug Buresh
Rationale

Doug will give an update on legislative activities.

G. Action Items
Ron Herd
G.1. Audit Report
Rationale

Chris Lindner with BKD will give the final audit report.

Actions Taken

Motion Passed:  Motion to approve the presented Audit report from BKD passed with a motion by Mike Withrow and a second by Josh Callihan.

G.2. Strategic Plan
Rationale

Tim Blodgett will present the Strategic Plan and the board will discuss the result and any changes necessary.

Discussion

No action was taken, action will be taken at the next meeting.

H. Public Comments
Ron Herd
Rationale

This is an opportunity for members of the public to provide input to the KYMEA Board and is limited to 5 minutes per speaker.

I. Upcoming Meetings and Other Business
Ron Herd
Rationale

In October there will be a special meeting held on October 23 at 1:00 PM. The meeting will be held at the DoubleTree Hotel 2601 Richmond Road, Lexington, KY. 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 be held at the KYMEA Board Room, 1700 Eastpoint Pkwy, Suite 220, Louisville, Kentucky.


J. Closed Session Authorization for September 26, 2019 KYMEA Board Meeting Approval to enter into Closed Session pursuant to KRS 61.810(1)(c); KRS 61.810(1)(k); and KRS 61.878(1)(j) for the purpose of: (i) discussing proposed, potential or pending litigation relating to KYMEA and its members relating to transmission issues; and (ii) 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.
Charlie Musson
Rationale

Closed Session Authorization for September 26, 2019 KYMEA Board Meeting

 

Approval to enter into Closed Session pursuant to KRS 61.810(1)(c); KRS 61.810(1)(k); 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.

Actions Taken

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

Motion Passed:  Motion to exit closed session passed with a motion by Josh Callihan and a second by Kevin Frizzell.

K. Actions Related to Closed Session
Charlie Musson
Rationale

No Board actions are expected.

L. Adjournment
Actions Taken

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