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Red, Blue, & Green Blog Archive ▼ 2021 (2) ▼ February (1) February 23, 2021, Regulary EPB Meeting ► January (1) ► 2020 (17) ► December (1) ► November (3) ► October (2) ► September (1) ► August (1) ► July (2) ► June (2) ► May (1) ► April (1) ► March (1) ► February (1) ► January (1) ► 2019 (18) ► December (1) ► November (1) ► October (1) ► September (1) ► August (1) ► July (1) ► June (1) ► May (1) ► April (1) ► March (1) ► February (3) ► January (5) ► 2018 (54) ► December (3) ► November (5) ► October (5) ► September (4) ► August (5) ► July (4) ► June (5) ► May (5) ► April (5) ► March (5) ► February (2) ► January (6) ► 2017 (44) ► December (6) ► November (3) ► October (4) ► September (5) ► August (3) ► July (5) ► June (2) ► May (5) ► April (3) ► March (2) ► February (3) ► January (3) ► 2016 (6) ► December (1) ► October (1) ► May (2) ► March (1) ► January (1) ► 2015 (15) ► December (5) ► November (2) ► October (1) ► September (2) ► July (1) ► May (1) ► April (1) ► March (2) ► 2014 (15) ► December (2) ► November (1) ► October (2) ► August (1) ► July (1) ► June (2) ► March (1) ► February (2) ► January (3) ► 2013 (11) ► December (2) ► November (1) ► October (1) ► September (2) ► July (1) ► June (2) ► March (2) ► 2012 (12) ► December (1) ► October (1) ► September (1) ► July (2) ► June (1) ► May (1) ► March (1) ► February (1) ► January (3) ► 2011 (21) ► December (1) ► November (1) ► October (1) ► September (1) ► August (2) ► June (3) ► May (1) ► April (2) ► March (2) ► February (3) ► January (4) ► 2010 (22) ► December (2) ► November (1) ► September (4) ► August (3) ► July (1) ► June (2) ► May (1) ► March (2) ► February (3) ► January (3) ► 2009 (33) ► December (3) ► November (4) ► October (3) ► September (3) ► August (3) ► July (2) ► June (1) ► May (2) ► April (3) ► March (3) ► February (3) ► January (3) ► 2008 (42) ► December (4) ► November (4) ► October (4) ► September (5) ► August (3) ► July (2) ► June (5) ► May (1) ► April (2) ► March (3) ► February (5) ► January (4) ► 2007 (19) ► December (6) ► November (5) ► October (4) ► September (1) ► August (3) Friday, February 19, 2021 February 23, 2021, Regulary EPB Meeting 11:02 AM | Posted by Billy Ray | | Edit Post 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   SEQ CHAPTER \h \r 1 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. Cable Programming Committee Appointments 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. A ppointment of Interim Superintendent 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. 0 comments Friday, January 22, 2021 January 26, 2021 EPB Regular Meeting 11:15 AM | Posted by Billy Ray | | Edit Post January 26, 2021 Regular 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 DECEMBER 22, 2020 REGULAR MEETING 3. CONSIDER COVID RESPONSE, BAD DEBT RESULTS 4. CONSIDER ENGAGEMENT AGREEMENT WITH FROST BROWN TODD 5. CONSIDER ANY MODIFCATIONS OF COURT ORDERS 6. CONSIDER REPORT ON NEW RETAIL RATE SUGGESTION 7. CONSIDER CABLE PROGRAMMING RECOMMENDATIONS 8. SUPERINTENDENT’S REPORT A. DECEMBER METRICS AND FINANCIAL METRICS REVIEW B. FEBRUARY FCA C. CPD LEDGER D. IMPACT OF CHRISTMAS DAY EXPLOSION IN NASHVILLE 9. OLD/NEW BUSINESS A. DISCUSS FORMAT OF FUTURE EPB MEETINGS 10. ADJOURN MEMORANDUM TO: Members of Glasgow Electric Plant FROM: William J. Ray, PE DATE: 1/22/2021 SUBJECT: Board Meeting Information J anuary Main Topics Ø EPB and COVID-19 Bad Debt Results Ø Review Engagement of Frost Brown Todd Report on New Electric Retail Rate Directive Cable Television Programming Recommendation Ø Reports Action Items February 1 FCA Ø The February 2021 TVA FCA is projected to decrease to 1.494 cents per kWh. Continued abundant hydro power capacity and reduced energy sales due to the COVID impact, resul another record low FCA number. On February 1, the energy component of our retail rates will adjust to reflect this change. Engagement Agreement with Frost Brown Todd Ø A copy of the proposed agreement is attached to this narrative. Since this agreement was not available when the Board acted to engage this firm, some members might find the terms of the agreement shocking. At the meeting, the Board can review the terms and decide whether to propose changes, ratify the agreement as it stands, or cancel it entirely. Ø Beyond just the agreement, we have asked the firm for some additional detail on what the invoiced costs to EPB are to date, and we also...