Blog Archive

Thursday, February 7, 2019

Coincident Peak Notice


E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for February's peak electric demand to occur on Friday, February 8th between 7am - 1pm. This is only a prediction based upon our best guess as to what the combination of all customers in Glasgow will demand from T.V.A. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. You will be billed for your contribution to the peak hour which falls within one of our predicted periods only. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341

Tuesday, January 29, 2019

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for January's peak electric demand to occur on Wednesday, January 30th between 7am - 1pm. This is only a prediction based upon our best guess as to what the combination of all customers in Glasgow will demand from T.V.A. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. You will be billed for your contribution to the peak hour which falls within one of our predicted periods only. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341
Friday, January 18, 2019

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for January's peak electric demand to occur on Monday, January 21st between 7am - 1pm. This is only a prediction based upon our best guess as to what the combination of all customers in Glasgow will demand from T.V.A. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. You will be billed for your contribution to the peak hour which falls within one of our predicted periods only. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.

January 22, 2019 EPB Meeting

TENTATIVE AGENDA
GLASGOW ELECTRIC PLANT BOARD
JANUARY 22, 2019, 6:00 PM
1. MINUTES OF PREVIOUS MEETING
2. ANALYTICS REPORT FOR MONTH OF DECEMBER
3. REPORT ON FEBRUARY 2019 FCA
4. CONSIDER AGREEMENT WITH HILLIARD LYONS FOR BOND SERVICES
5. CONSIDER 2019 BOND ISSUANCE RESOLUTION
6. CONSIDER REQUEST FROM BARREN-METCALFE COUNTY AMBULANCE SERVICE
7. PROGRAMMING COMMITTEE APPOINTMENTS
8. CONSIDER PROGRAMMING COMMITTEE RECOMMENDATION ON NBCU
9. NEW / OLD BUSINESS / REPORTS
A. CPD CHARGE STATUS
B. ROUND UP REPORT
C. END OF YEAR INTERNET SPEED UPGRADE
D. ADDITIONAL GRANT FUNDING FROM TVA AND MUNINET WINDFALL
10. ADJOURN

MEMORANDUM
TO: Members of Glasgow Electric Plant Board
FROM: William J. Ray, PE
DATE: 1/17/2019
SUBJECT: Board Meeting Information
January Main Topics
Ø Accurate peak prediction for December issued using only two predicted days
Ø Reorganization of team, due to retirements and illness, will continue through 2019
Ø Discuss appointments to Cable Television Programming Committee
Ø Consider Bond Issuance Proposals for 2019
Ø Consider Request from Barren-Metcalfe County Ambulance Service
Ø EPB Internet Speed Upgrade
Ø NBCU Programming Recommendation
Action Items
📷
February 1 FCA
Ø The February 2019 TVA FCA will decrease to 1.909 cents per kWh. This is the second consecutive small decrease in the FCA, but the decreases are smaller than anticipated. TVA states the reason is the very unusually cold November, which caused them to purchase a lot more fuel and energy from neighbors.
Ø On February 1, the energy component of our retail rates will adjust to reflect this anticipated decrease to the wholesale cost of energy.
Agreement with Hilliard-Lyons to act as Financial Advisor
Ø The team at H-L has served us well for over thirty years in helping us raise capital when needed. They bring years of experience and a history of success and professionalism relative to our bond issues.
Ø A copy of the proposed agreement and fee schedule for the upcoming 2019 bond issuance is attached and will be available for your consideration at the meeting.
Consideration of official bond resolution
Ø The 2019 bond issuance consists of one set of bonds to be used to refinance an old bond issuance from 2009, which we anticipate will save approximately $25,000 per year for the next ten years. This will be a $2.705M issuance.
Ø The second set of 2019 bonds will be one of our regular issuances of debt for capital to be used in our system enhancement and maintenance projects over the next two years. This issuance will be for $3,050,000. The term of these bonds will be twenty years.
Ø The bond resolution was drafted by H-L and our bond counsel, Rubin & Hays. Copies of the full resolution are attached and will be available at the meeting.
Presentation by Charles O’Neal with Barren-Metcalfe Ambulance Service
Ø Issues with the building presently occupied by the ambulance service are causing them to consider spending considerable money on the building, or possibly abandoning the site/building completely.
Ø Glasgow EPB gave the land to the ambulance service in 1981, but there is a provision in the deed that transfers the property back to EPB should they ever cease to utilize it.
Ø Mr. O’Neal contacted us in December and asked for us to consider altering the deed. He will explain the proposal in detail at the meeting.
Ø A copy of documents relevant to this matter is attached.
Cable Television Programming Committee Appointments
Ø The Programming Committee acts independently of EPB to consider what programming is appropriate for the EPB Cable Television system. The committee makes these determinations and recommends same to the EPB.
Ø The committee was purposely created to isolate EPB from any potential violation relative to the First Amendment to the U.S. Constitution.
Ø The committee consists of six members, with staggered terms, in addition to the Superintendent, who acts as Chairperson and liaison between the committee and EPB.
Ø The terms of Mary Genice Burchett-Bower and Karl Napier expired at the end of 2018. Ms. Burchett-Bower has served two terms and Mr. Napier has served one term.
Ø Action on this item is needed this month.
Reports
Ø CPD Charge Reserve Fund Status
- kW demand markup was implemented last year to cover TVA wholesale cost for missed peak predictions
- Updated calculations will be presented at the meeting. The fund is in excellent shape due to recent accuracy of peak predictions, but the reporting format is being overhauled.
Ø EPB Team Staffing Master Plan
- Report on progress of long-term staffing plan
- Updated chart on Master Plan will be presented
Ø End of Year Internet Upgrade
- EPB has historically recognized the value of its internet access products and the customers who use the product, by performing the necessary work to upgrade speed offerings each year.
- This year the board authorized a significant expenditure to upgrade the CMTS and make system improvements which allowed the customary annual upgrade to be possible.
- At the end of 2018 our internet products were upgraded at no additional cost to EPB customers. Download maximum speeds were upgraded as follows: 15 MB service is now 25 MB service, 25 MB service was upgraded to 50 MB, and the 50 MB product doubled in speed to 100 MB.
Ø Additional Grant Funding
- TVA has released funds which were left over after two previous research projects were completed. These funds total about $72,000 and will be used to help us continue our work with the SET technologies. TVA wants to do additional research with us in Glasgow and we are awaiting a proposal from them.
Ø Round Up Program Report
- Last month there was general discussion about the program and questions were asked about how EPB might step up its promotion of the program and its assistance to Community Relief.
- We dramatically increased the advertising for Round Up, and we found that the fund contained about $1500 awaiting the customary annual transfer to Community Relief.
- Since board members related information about the CR resources being depleted, that $1500 was transferred to CR at end of year.
Conclusion
Please let me know if you have any questions before the meeting.
Thursday, January 10, 2019

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for January's peak electric demand to occur on Friday, January 11th between 7am - 1pm. This is only a prediction based upon our best guess as to what the combination of all customers in Glasgow will demand from T.V.A. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. You will be billed for your contribution to the peak hour which falls within one of our predicted periods only. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.
Wednesday, January 9, 2019

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for January's peak electric demand to occur on Thursday, January 10th between 7am - 1pm. This is only a prediction based upon our best guess as to what the combination of all customers in Glasgow will demand from T.V.A. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. You will be billed for your contribution to the peak hour which falls within one of our predicted periods only. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.