Blog Archive

Monday, February 18, 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 Tuesday, February 19th 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
Saturday, February 16, 2019

February 19, Special EPB Meeting



SPECIAL MEETING AGENDA
GLASGOW ELECTRIC PLANT BOARD 
FEBRUARY 19, 2019, 6:00 PM, EPB BOARD ROOM



1. SWEAR IN NEW BOARD MEMBERS


2. MINUTES OF PREVIOUS MEETING


3. ELECT OFFICERS


4. CONSIDER CLOSED SESSION DISCUSSION OF POSSIBLE IMPACTS OF RECENT BOARD PLANS RELATIVE TO BOND SALE JUST COMPLETED (LED BY BOND COUNSEL)


5. CONSIDER BUILDING HVAC UPGRADE BIDS


6. CONSIDER INTERNET BANDWIDTH RATE CHANGE


7. PROGRAMMING COMMITTEE APPOINTMENTS


8. CONSIDER TERMINATION and REPLACEMENT OF SUPERINTENDENT 


9. CONSIDER TERMINATION and REPLACEMENT OF BOARD COUNSEL

10. ADJOURN



MEMORANDUM
                                                                                                                  
                                                                                               
                                                                                     
TO:                       Members of Glasgow Electric Plant Board                 
                                                                                               
FROM:                  William J. Ray, PE                 
                                                                                               
DATE:                  2/14/2019    
                                                                                                                  
SUBJECT:            Board Meeting Information                                          


                                     
February Main Topics

Ø  Peak prediction missed due to running out of the four allotted days
Ø  Discussion about stated plans of a majority of EPB members vs. the bond issues about to be closed
Ø  Discuss bids for HVAC upgrades
Ø  Consider reduced bandwidth cost for bulk internet customers
Ø  Consider Programming Committee appointments
Ø  Consider termination of Superintendent’s employment
Ø  Consider termination of Jeff Herbert at EPB counsel of record



Action Items
March 1 FCA
Ø  The March 2019 TVA FCA will decrease to 1.776 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 cold December, which caused them to purchase a lot more fuel and energy from neighbors.
Ø  On March 1, the energy component of our retail rates will adjust to reflect this anticipated decrease to the wholesale cost of energy.
        
Discussion of impacts of planned board actions on 2019 bonds
Ø  This discussion will be led by Charles Musson and Christian Juckett, partners at Rubin & Hays, our bond counsel firm. The discussion will be centered around the letter, included in the board package (and also previously forwarded to all board members).

Building HVAC Upgrades
Ø  The original 1967 portion of the EPB office building still has a vintage 1967 HVAC system. While it has been patched and maintained as best as possible over the last 50+ years, the time has come to begin the process of replacing the system.
Ø  TVA has helped us design and specify ductless heat pump technology to allow a methodic replacement of the old system. The small ductless units will allow 2-3 office groupings to share a thermostat, instead of the old system which attempted to provide HVAC for most of the building as one.
Ø  The bids for the first round of HVAC upgrade will be opened on Friday, February 15. The results of those bids, along with a recommended vendor, will be presented at the meeting.

Internet Bulk Bandwidth Price Reduction
Ø  Our largest broadband customers purchase Gig Ethernet connections over fiber optic circuits. Those customers then purchase actual internet bandwidth to the cloud, depending on their particular needs.
Ø  Due to excellent success in procuring bulk bandwidth by our own Josh Francis, our present retail rate for bulk bandwidth is higher than it really should be.
Ø  At the meeting, I will present his recommendation to lower our bulk bandwidth rates to a point which makes our rates more consistent with the market rates for same.


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.  


 Termination and Replacement of Superintendent
Ø  This item added at the request of D.T.Froedge via email.
Ø  No additional information is known about this item.


Termination and Replacement of EPB Legal Counsel
Ø  This item added at the request of D.T. Froedge via email.
Ø  See above regarding additional information on this item too.


Conclusion


Please let me know if you have any questions before the meeting. 

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.