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A.
Meeting Opening
Ron Herd
A.1.
Attendance
Michelle Hixon
A.2.
Guest Introductions
Ron Herd
The Chairman will ask if any guests that were in attendance would like to introduce themselves.
A.3.
Call to Order
Ron Herd
The meeting was called to order by the Chairman of the Board, Ron Herd.
B.
Meeting Minutes
Ron Herd
Motion Passed: Approval of the previous month's meeting minutes passed with a motion by Josh Callihan and a second by Chris Melton.
C.
Financial Reports
Heather Overby
Motion Passed: Approval of the previous month's financial reports. passed with a motion by Josh Callihan and a second by Chris Melton.
D.
Committee Reports
Doug Buresh
D.1.
AR Project Committee
Chris Melton
D.2.
Budget Committee
Chris Melton
D.3.
Compensation Committee
Ron Herd
E.
Administration Reports
E.1.
CEO
Doug Buresh
Doug Buresh will present the CEO report regarding the agency's past and upcoming activities.
E.2.
CFO
Heather Overby
Heather Overby will present to the Board any past or upcoming Accounting and Finance activities,
E.3.
Member Communications
Michelle Hixon
Michelle Hixon will present to the board any upcoming events and member activities.
F.
Discussion Topics
F.1.
Legislative Update
Doug Buresh
Doug will give an update on legislative activities.
F.2.
FY 2021 Administrative, General, and Capital Budget
Doug Buresh
Doug will discuss the Budget Committee's recommended Administrative, General, and Capital Budget. Staff will request action from the Board in February.
F.3.
Open Records Request Policy
Charlie Musson
Charlie Musson will present a draft of the Open Records Request Policy for the Boards approval in February.
G.
Action Items
Ron Herd
No action items are expected
G.1.
CEO Employment Agreement
Ron Herd
The Board may be asked to take action on the Compensation Committee's recommended CEO Employment Agreement.
H.
Public Comments
Ron Herd
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
The next meeting is Thursday, February 27th at 10 AM
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.
2020 Board Meetings
Thursday, January 23, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Thursday, February 27, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Thursday, March 26, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Wednesday, April 22, 2020, 1:00 PM Central Time, KMUA-Hyatt Place, Bowling Green
Friday, May 29, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Thursday, June 25, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Wednesday, July 22, 2020, 1:00 PM Eastern Time, KYMEA Board Room
Thursday, August 27, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Thursday, September 24, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Wednesday, October 21, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Wednesday, November 18, 2020, 10:00 AM Eastern Time, KYMEA Board Room
Wednesday, December 16, 2020, 10:00 AM Eastern Time, KYMEA Board Room
J.
Closed Session Authorization for January 23, 2020 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:
(i) discussing proposed, potential or pending litigation relating to KYMEA and its members relating to transmission issues and cost adjustments;
(ii) discussing proposed or potential power purchases or sales that have been disclosed in confidentiality to KYMEA; and
(iii) 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)(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.
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
Closed Session Authorization for January 23, 2020 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:
- discussing proposed, potential or pending litigation relating to KYMEA and its members relating to transmission issues and cost adjustments;
- discussing proposed or potential power purchases or sales that have been disclosed in confidentiality to KYMEA; and
- 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)(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.
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 Josh Callihan and a second by Kevin Frizzell.
Motion Passed: Motion to return to open session passed with a motion by Chris Melton and a second by Kevin Frizzell.
K.
Actions Related to Matters Discussed in Closed Session
Charlie Musson
No action expected
L.
Adjournment
Motion Passed: Motion to adjourn passed with a motion by Chris Melton and a second by Josh Callihan.
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