February 23, 2021, Regulary EPB Meeting
TENTATIVE REGULAR MEETING AGENDA GLASGOW ELECTRIC PLANT BOARD JANUARY 26, 2021 6:00 PM This meeting will be exclusively via teleconference, with no members physically present and with no physical access available to the public. To provide access in compliance with all applicable laws and rulings, the meeting will be televised on EPB Cable6, and on Facebook (on the Glasgow EPB page at https://www.facebook.com/glasgowepb/
1. APPROVAL OF AGENDA
2. CONSIDER MINUTES OF JANUARY 26, 2021 REGULAR MEETING AND SPECIAL MEETINGS
3. CONSIDER COVID RESPONSE, BAD DEBT RESULTS
4. CONSIDER VEHICLE REPLACEMENT BIDS
5. CONSIDER APPOINTMENTS TO CABLE PROGRAMMING COMMITTEE
6. CONSIDER APPOINTMENT OF INTERIM SUPERINTENDENT MARCH 1
7. SUPERINTENDENT’S REPORT
A. JANUARY METRICS AND FINANCIAL METRICS REVIEW
B. MARCH FCA
C. CPD LEDGER
D. IMPACT OF WINTER STORMS - LARGE OUTAGES
8. OLD/NEW BUSINESS
A. DISCUSS FORMAT OF FUTURE EPB MEETINGS
9. ADJOURN
MEMORANDUM
TO: Members of Glasgow
Electric Plant Board
FROM: William J. Ray, PE
DATE: 2/19/2021
SUBJECT: Board Meeting Information
February
Main Topics
Ø EPB and COVID-19 Bad Debt Results
Ø Review Bids on Vehicle Replacement
Ø
Appointments
to Programming Committee
Ø
Appointment
of Interim Superintendent
Ø
Reports
Action Items
March 1 FCA
Ø The March 2021 TVA FCA
is projected to increase to 1.536 cents per kWh.
Ø In January, energy
sales were higher than projected, while available hydro power was reduced. Coal
generation was also below normal due to forced outages. Higher purchases of
power from neighbors then produced this increase in fuel cost.
Ø On March 1, the energy component of our retail rates will adjust to reflect this change.
Vehicle
Replacement Bids
Ø EPB Unit #4 has reached the economic and reliability end of its life. We
drafted specifications for a replacement an opened bid on February 5.
Ø We were disappointed to only get one bid, as General Motors had
apparently already ended production of 2021 units. However, the bid from Gillie
Hyde Auto Group was a good one that we can recommend accepting.
Ø At the meeting we will review the bid and the options we have from
selling the old unit when the new one arrives.
Ø
The
three-year terms of Beverly Vance and Terrell Alexander expires at the end of January.
Ø
Both
have expressed a willingness to serve another term, should you wish to appoint
them.
Ø
At
the Special meeting on February 11, the Board reached an agreement with me for
my stepping down as Superintendent on March 1, 2021.
Ø
The
position of Superintendent of EPB is one which must be filled in order to
satisfy Kentucky law and the Power Contract with TVA.
Ø
In
order to remain in compliance with those requirements, the Board should appoint
someone to fill that role, even if that appointment is only on an interim
basis.
Reports
Ø
Metrics and Financial
Review
Ø
March 2021 FCA
Ø
CPD Charge Reserve Fund
Status
-
kW
demand markup was implemented two years ago, to cover TVA wholesale cost for
missed peak predictions
- Updated calculations will be presented at the meeting if available. The
fund is in acceptable shape due to overall accuracy of peak predictions, but the
problems with accuracy in 2019 and 2020 have hurt the fund.
Ø Large Outages relative
to recent extreme weather
Old/New Business
Ø Discuss Format of Future EPB Meetings
Conclusion
Please let me know if you have any questions before the meeting.