Blog Archive

Tuesday, November 20, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for November's peak electric demand to occur on Wednesday, November 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.
Tuesday, November 13, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for November's peak electric demand to occur on Wednesday, November 14th 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. A peak demand hour can occur during any of the maximum of 24 hours of each month during one of our predicted peaks. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.
Friday, October 19, 2018

October 23, 2018 EPB Meeting

TENTATIVE AGENDA
GLASGOW ELECTRIC PLANT BOARD
OCTOBER 23, 2018, 6:00 pm
1. MINUTES OF PREVIOUS MEETING
2. ANALYTICS REPORT FOR MONTH OF SEPTEMBER
3. REPORT ON NOVEMBER 2018 FCA
4. CONSIDER AUDIT REPORT
5. CONSIDER CHANGES TO DEFERRED COMPENSATION PLAN
6. REPORT ON TVA DELIBERATIONS ON PROPOSED RETAIL RATE CHANGES
7. NEW / OLD BUSINESS / REPORTS
A. CPD CHARGE STATUS
B. EPB TEAM MASTER PLAN CHANGES
C. TVA REGULATORY REVIEW OF EPB
D. IN LIEU OF TAX PAYMENTS
E. LARGE OUTAGE REPORTS
8. ADJOURN
MEMORANDUM
TO: Members of Glasgow Electric Plant Board
FROM: William J. Ray, PE
DATE: 10/18/2018
SUBJECT: Board Meeting Information
October Main Topics
Ø Accurate peak prediction for September issued using only three days
Ø Reorganization of team, due to retirements and illness, will continue through 2019
Ø Review and revision of retail rates, based upon agreement with Advisory Council and EPB action in September, being considered by TVA
Action Items
📷
November 1 FCA
Ø The November 2018 TVA FCA is going to increase to 1.920 cents per kWh.
Ø On November 1, the energy component of our retail rates will adjust to reflect this increase to the wholesale cost of energy.
Audit Report on FY 2018
Ø Lanny White, from Carr, Riggs & Ingram, will deliver the annual report on findings by the team of auditors who examined all EPB finances and methods of operating the business.
Ø Copies of the report will be shared with the City of Glasgow, and I will appear before City Council on November 12 to discuss the audit and other 2018 activities of Glasgow EPB.
Deferred Compensation Plan Updates
Ø EPB adopted the original 457 – Deferred Compensation Plan in 1987 and the plan has not been materially updated since then.
Ø The plan allows employees who choose to participate, to defer wages into the plan without paying taxes on that amount, until such time as withdrawals are made from the account.
Ø The plan is fully funded by the employees who choose to participate. EPB has never made matching contributions to the 457 plan.
Ø Antiquated terms regarding investments, and the need for a clear way for succession of the Administrator and Trustee, makes up the bulk of the recommended changes to the plan.
Ø Copies of the proposed amendments are provided.
Rate Design Discussion for FY 2019
Ø Per Advisory Council’s agreement, and as a result of board directions, the rate plan approved by you last month has been submitted to TVA for their regulatory review of all six rate tariffs.
Ø TVA is evaluating our request, and tracking our financials since 2011, when we last had a retail rate increase.
Ø TVA hopes to give us an answer by early November, such that I can report to City Council at their meeting on November 12. Should they not meet this goal, our rate change will have to be delayed until January 1, 2019.
Reports
Ø CPD Charge Reserve Fund Status
- kW demand markup was implemented last year to cover TVA wholesale cost for missed peak predictions
- $107,122 was collected from October 2017 through September 2018
- $76,777 has been used for missed peaks during the last year, leaving a balance to carry forward into year two of $30,345, which will carry until end of term
Ø EPB Team Staffing Master Plan
- Report on progress of long-term staffing plan
- Recommendations from Reed Public Relations will be available for review
- Updated chart on Master Plan will be presented
Ø TVA Regulatory Review of EPB
- TVA performs regular audits of each Local Power Company (LPC) to determine compliance with terms of the TVA Act and the power contract between each LPC and TVA. Glasgow’s audit was performed earlier this year
- The results of the audit report are attached. You will note that it is a 100% clean audit. The TVA field auditors found Glasgow EPB in complete compliance with the Act and with the power contract.
Ø Glasgow EPB In Lieu of Tax Payments to Local Government Agencies
- Although Glasgow EPB is a non-profit municipal corporation, it also makes payments in lieu of taxes to City of Glasgow, Barren Fiscal Court, Barren County Schools, Glasgow Independent Schools, Mary Wood Weldon Library, and now, the Ambulance Service
- Over the last five years, while our competitors got a free pass from making these payments, Glasgow EPB has paid these agencies over $1.8 million
- This year alone, Glasgow EPB is writing $390,000 in checks to local governments and schools
- There is a difference between Glasgow EPB and other area utilities!
Ø Large Outage Report
- We had an outage on the afternoon of October 15 that affected 550 customers fed from our Dana Substation. This was caused by a tree falling. The duration was about 30 minutes.
- We had another outage on October 17, initially affecting LSC Communications (formerly RR Donnelley) at 7:10 am. This outage was complicated to correct because it involved a fire within the switchgear owned by LSC. At one point, the outage grew to over 4,000 customers as different segments of our transmission lines were impacted. All customers were returned to service by 9:15 am, and the larger outage time was only 10 minutes. This event will be explained in detail at the meeting.
Conclusion
Please let me know if you have any questions before the meeting.
Sunday, October 7, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for October's peak electric demand to occur on Monday, October 8th between 12pm & 6pm. 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. A peak demand hour can occur during any of the maximum of 24 hours of each month during one of our predicted peaks. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.
Thursday, October 4, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for October's peak electric demand to occur on Friday, October 5th between 12pm & 6pm. 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. A peak demand hour can occur during any of the maximum of 24 hours of each month during one of our predicted peaks. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341
Wednesday, October 3, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for October's peak electric demand to occur on Thursday, October 4th between 12pm & 6pm. 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. A peak demand hour can occur during any of the maximum of 24 hours of each month during one of our predicted peaks. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.
Tuesday, October 2, 2018

Coincident Peak Notice

E.P.B. Electric Customers on the Variable Price Rate- We predict the POSSIBILITY for October's peak electric demand to occur on Wednesday, October 3rd between 12pm & 6pm. 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. A peak demand hour can occur during any of the maximum of 24 hours of each month during one of our predicted peaks. This is our forecast which is provided as a convenience for E.P.B. customers who wish to receive forecasts. If you want to move to a fixed energy rate without coincident peak demand charges, please contact us at 270-651-8341.