HomeMy WebLinkAbout08-08-2022542 Ingust8,2022 1 SEP 12 2022
Safety Moment
Consent Agenda
Transformer 5B
LTC Rebuild
New Hire —
Service Dispatcher
The Electric Plant Board of the City of Paducah, Kentucky d/b/a
System ("PPS') held a regular Board Meeting on August 8, 2022, in the
offices of Paducah Power System.
The meeting was called to order at 12:00 p.m. by Chairman Ed Hely who
ided. Members of the Electric Plant Board present in addition to Chairman
r were Hardy Roberts, Mark Workman, Sandra Wilson and Darryl Pea PPS
loyees present were Rick Windhorst, Andrea Underwood, Doug Handley,
.n Miller, Brian Thomasson, Ashley Jones, Sarah Durbin, and Ethan Feldner
designated PPS employee representative). Mason Blanford (Paducah Sun) and
it Board attorney, Kent Price (McMurry & Livingston), also attended the
Chairman Hely fust called on Brian Thomasson who presented this
Safety Moment on "A Review of Important Safety Tips."
Member Roberts then offered a motion, seconded by Member Wilson, to
Consent Agenda which consisted solely of approving the minutes of a
ofthe Electric Plant Board held on July 11, 2022. The motion was
adopted unanimously with all members saying aye.
The next item of business was a motion offered by Member Workman and
seconded by Member Wilson that the Electric Plant Board approve the bid of
Prolec-GE Waukesha, Inc. in the amount of $169,938.00 for the rebuild of the LTC
on Transformer 5B and the conversion of type TC546 to type TC525 per Service
Quotation #9131613. Rick Windhorst explained the need for the work and
addressed questions of Member Roberts. Following discussion, the motion was
adopted unanimously with all members saying aye.
The next item of business was a motion offered by Member Pea and
seconded by Member Roberts that the Electric Plant Board approve Nikki Reek as
Employee #353 for the position of Service Dispatcher. The motion was adopted
unanimously with all members saying aye.
CITY CLERK
543 jrlugust 8, 2022
Chairman Hely then called on PPS Director of Finance, Power Supply and
Overview of tes, Doug Handley, who gave an overview of the hedging program employed by
Hedging Program
rentucky Municipal Power Agency for the benefit of Paducah Power System and
Electric Plant Board. Mr. Handley presented several PowerPoint slides
the purposes, objectives, and functioning of the hedging program and
S the model employed for deciding which hedge transactions would be
ous to KMPA. He discussed some of the protections that are built into
hedging model and finally gave several real-world examples of the
facts of sample hedging transactions.
Member Wilson then offered a motion, seconded by Member Roberts, that
Executive Session Ithe Electric Plant Board enter into Executive Session for discussion of both matters
Adjournment
pertaining to pending litigation, as permitted by KRS 61.810(1)(c) and a specific
proposal by a business entity where public discussion of the subject matter would
jeopardize the location, retention, expansion or upgrading of a business entity, as
permitted by KRS 61.810(1)(g). The motion was adopted unanimously with all
members saying aye whereupon the Board entered into Executive Session.
Member Wilson next offered a motion, seconded by Member Roberts, that
the Board return from Executive Session. Said motion was unanimously apopted.
Member Wilson then offered a motion seconded by Chairman Hely that the
meeting of the Electric Plant Board be adjourned. The motion was adopted with
all members saying aye, whereupon the meeting was adjourned.
ATTESTED BY:
SECRETARY URER
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CHAIRMAN