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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 Chris Melton and a second by Kevin Frizzell.
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.
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.
Member Communications
Michelle Hixon
Michelle Hixon will present to the board any upcoming events and member activities.
F.
Discussion Topics
F.1.
Load Interruption Procedure
Doug Buresh and Rob Leesman
F.2.
Legislative Update-HB247
Charlie Musson
Charlie will give an update on HB-247.
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 March.
F.4.
Avoided Costs
Doug Buresh
F.5.
FY 2021 AR Rates
Doug Buresh
The AR Project Committee Meeting will be called to order and Doug will present the AR Rates.
G.
AR Project Committee Meeting
Chris Melton
G.1.
FY 2021 AR Rates
Doug will present the FY 2021 AR Rates that the AR Project Committee recommends. Board action will be expected in March.
Motion Passed: Motion to adjourn the AR Committee meeting passed with a motion by Gary Zheng and a second by Josh Callihan.
H.
Action Items
Ron Herd
No action items are expected
H.1.
Amended Line of Credit Note
Heather Overby
Motion Passed: Motion to authorize Doug Buresh and Heather Overby to sign the amended line of credit note. passed with a motion by Josh Callihan and a second by Chris Melton.
H.2.
KYMEA Officer Resolution
Charlie Musson
It is necessary for KYMEA to formally establish officers that are able to sign documents on behalf of KYMEA.
Motion Passed: Motion to approve the presented resolution establishing the KYMEA officers. passed with a motion by Mike Withrow and a second by Josh Callihan.
H.3.
FY 2021 Administrative, General, and Capital Budget
Doug Buresh
The Board will be asked to approve the previously presented FY 2021 Administrative, General, and Capital Budget.
Motion Passed: Motion to approve the presented FY 2021 Administrative, General, and Capital Budget passed with a motion by Kevin Frizzell and a second by Chris Melton.
I.
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.
J.
Upcoming Meetings and Other Business
Ron Herd
The next meeting is Thursday, March 26th 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
Motion Passed: Motion to recess for lunch. passed with a motion by Josh Callihan and a second by Gary Zheng.
K.
Closed Session Authorization for February 27, 2020 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 cost adjustments; 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
Closed Session Authorization for February 27, 2020 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 cost adjustments; 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.
Motion Passed: Motion to enter into closed session passed with a motion by Josh Callihan and a second by Chris Melton.
L.
Actions Related to Matters Discussed in Closed Session
Charlie Musson
No action expected
Motion Passed: Motion to return to open session passed with a motion by Josh Callihan and a second by Kevin Frizzell.
M.
Adjournment
Motion Passed: Motion to adjourn passed with a motion by Chris Melton and a second by Kevin Frizzell.
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