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Public Utilities 2012/05/23CITY OF ANAHEIM PUBLIC UTILITIES BOARD MINUTES May 23, 2012 The agenda having been posted on Wednesday, May 16, 2012, the Regular Meeting of the Public Utilities Board (Board) was called to order by Chairperson Jordan Brandman at 5:04 p.m. on Wednesday, May 23, 2012, in the 11 Floor Large Conference Room, Anaheim West Tower, 201 S. Anaheim Blvd., Anaheim, California. Board Members Present: J. Brandman, J. Machiaverna, P. Carroll, C. Peltzer, D. Morgan, B. Hernandez Board Members Absent: S.E. Faessel Staff Present: M. Edwards, D. Calkins, D. Lee, S. Sciortino, E. Zacherl, B. Beelner, J. Lehman, A. Kott, L. Quiambao, P. Oviedo, M. Pan, R. Dowell, F. Barvarz, J. Coe Guest(s) Present: David Wain, Resident; Dr. Heywood, Resident AGENDA ITEM 1. PUBLIC COMMENTS. D. Wain, Resident, expressed his thanks to the Board for staff explaining the benefits of Smart Meters to the Anaheim residents. 2. APPROVAL OF THE MINUTES OF THE REGULAR PUBLIC UTILITIES BOARD MEETING HELD ON APRIL 18, 2012. M. Edwards shared items to be amended in the April 18, 2012 minutes, to reflect that J. Lehman and E. Zacherl were not in attendance. Also item 10 will be amended to reflect that D. Wilson, not J. Lehman, reported on the Energy Risk and Legislative, Regulatory Affairs Issues. The subsequent agenda was reordered (Agenda item #4 was discussed after agenda items #5 and #6). 3. PRESENTATION ON ANAHEIM'S ELECTRIC SUMMER LOAD ASSESSMENT. The written, publicly available staff report detailing this presentation was verbally summarized by staff. ACTION TAKEN J. Brandman closed the public comments portion of the meeting. P. Carroll moved approval of the Amended April 18, 2012, Public Utilities Board Minutes. D. Morgan seconded the motion. MOTION CARRIED: 6 -0. ABSTAINED: 0. ABSENT: 1 (S.E. Faessel). 30 4. APPROVAL OF FIVE — YEAR UNDERGROUND CONVERSION PLAN FOR FISCAL YEAR 2012/13 TO 2016/17.* The written, publicly available staff report detailing the item was J. Machiaverna moved verbally summarized by staff. approval of the Five -Year verbally summarized by staff. Conversion plan for Fiscal The Board asked a variety of questions which culminated in their Year 2012/13 to 2016/17. B. decision to support the approval of the Five -Year Underground Hernandez seconded the Conversion Plan for Fiscal Year 2012/13 to 2016/17 for Anaheim motion. MOTION City Council's review and consideration. CARRIED: 4 -0. services for the Public Utilities Department for Anaheim City ABSTAINED: 0. ABSENT: Council's review and consideration. 3 (S.E. Faessel, J. Brandman departed at 6:00 pm, P. Carroll departed at 6:15 pm). 5. APPROVAL OF AN AGREEMENT BETWEEN CATERPILLAR, INC. AND THE CITY OF ANAHEIM TO PROVIDE SAFETY CULTURE SERVICES FOR THE PUBLIC UTILITIES DEPARTMENT. * The written, publicly available staff report detailing the item was B. Hernandez moved approval verbally summarized by staff. for an agreement between Caterpillar, Inc. and the City of The Board asked a variety of questions which culminated in their Anaheim to provide safety decision to support the approval of the Agreement between culture services for the Public Caterpillar, Inc. and the City of Anaheim to provide safety culture Utilities Department. J. services for the Public Utilities Department for Anaheim City Machiaverna seconded the Council's review and consideration. motion. MOTION CARRIED: 6 -0. ABSTAINED: 0. ABSENT: 1 (S.E. Faessel). 6. APPROVAL OF THE PUBLIC UTILITES DEPARTMENT'S BUDGET FOR FISCAL YEAR 2012/2013.* The written, publicly available staff report detailing the item was verbally summarized by staff. The Board asked a variety of questions which culminated in their decision to support the approval of the Public Utilities Department Budget for Fiscal Year 2012/2013 for Anaheim City Council's review and consideration. 7. UPDATE ON WATER SYSTEM ISSUES. D. Calkins, AGM of Water Services, commented on the annual Solar Cup Boat Race held this past weekend at Lake Skinner near Temecula, where 39 Southern California teams competed. D. Morgan moved approval of the Public Utilities Budget for the Fiscal Year 2012/2013. B. Hernandez seconded the motion. MOTION CARRIED: 6 -0. ABSTAINED: 0. ABSENT: 1 (S.E. Faessel). 31 Anaheim Public Utilities sponsored two teams this year, Anaheim High School and Canyon High School. For the sixth time in ten years, Canyon High School won the First place trophy in the Veterans division. Anaheim High School won the sprint race in their division. Next month, students and teachers from each team will be recognized at the PUB meeting. D. Calkins complimented the Anaheim student winners of this year's annual Water Awareness Poster Contest. Eighteen students from first through sixth grades were recognized at Angel Stadium on May 16th, in a pregame ceremony. Each student received a trophy, and their artwork was displayed on the big screen. D. Calkins expressed thanks to S.E. Faessel, for representing the Board at this event, in addition to her willingness to assist the Department with increasing next year's participation by students in public schools. 8. UPDATE ON ELECTRIC SYSTEM ISSUES. D. Lee, AGM of Electric Services, provided an update on the American Public Power Association (APPA) award for Reliable Public Power Provider (RP3) which was awarded on April 16, 2012. Only 9% of the nearly 2,000 members receive this award. Anaheim Public Utilities received the platinum designation which was based on activities in the areas of safety, reliability, system improvement, and workforce development. D. Lee shared with the Board that two teams of line mechanics participated in the Los Angeles electric lineman rodeo, where one of the teams placed third in the Emergency Response/Hurt Man Rescue event, which simulates the rescue of an injured person on a utility pole. The Anaheim team of line mechanics competed in a series of events with 22 other teams made up of journey mechanics and apprentice line workers, from utility companies across the western United States to demonstrate their skill and knowledge regarding safe work practices. 9. UPDATE ON FINANCE SYSTEM ISSUES. E. Zacherl, AGM of Finance and Administration, invited the Board's attention to the April Financial Dashboard and shared that the year -to -date electric revenues of $307 million are under budget by $14 million or 4.4 %. Electric retail revenues for the month of April of $23.7 million were also under budget, by $1.7 million or 6.7 %, while wholesale revenues of $2.9 million were over budget by $200,000 or 8% due to transmission revenue. Year -to -date operating costs of $304 million are $3 million or I% under budget. Operating costs for the month of April of $29 million were $800,000 or 3% over budget. Power supply costs exceeded budget for the month by $3 million, due to the purchase of wholesale power, needed to mitigate the extended outage at IPP and were significantly offset by nearly $2 million, in reduction of other operating costs. Year -to -date water revenues of $47.6 million were over budget by $1 million or 2.6 %. Water revenues for the month 32 of April were $4 million or just about at budget. April's Water operating costs about at budget, in the amount of $4.6 million. Operating expenses in both electric and water continue to be monitored closely. E. Zacherl additionally shared with the Board that the process of refinancing a portion of a 2002 bond issue has begun, in order to take advantage of current low interest rates and reduce the Department's debt service expense. In conclusion, he reported that the Fitch Rating Agency recently reviewed the Canyon Power Project bonds and reaffirmed their AA- rating with no change in their outlook. 10. UPDATE ON JOINT SERVICES ISSUES. S. Sciortino, AGM of Joint Services, updated the Board on the Customer Information System (CIS) Upgrade project that has begun with a team of outside consultants that are occupying the 9th floor, and are working on the project plan implementation. S. Sciortino also announced that the proposal responses to the Convention Center Solar Panel project have been received. A total of nine responses were submitted, which will be reviewed in the next three to four weeks. The contract award is expected to go to City Council in September. 11. UPDATE ON ENERGY RISK & LEGISLATIVE/ REGULATORY AFFAIRS ISSUES. J. Lehman, Chief Risk Officer of Energy Risk and Legislative /Regulatory Affairs, invited the Board's attention to the Department's quarterly Wholesale Energy Risk Management (ERM) Report. The Department was in full compliance with the ERM program for the Quarter and there were no changes to the status of the counterparty credit portfolio rating. J. Lehman also shared that, to date, the legislative session is going well, including discussions with the authors of several of the more contentious bills, and received concessions that significantly improve the bills; for example, a bill that would have required very costly detailed quarterly reporting on some of Anaheim's public benefits programs has been modified to provide more useful information to customers (AB 2227 — Bradford — D). Another bill that would have imposed further constraints on utility ratemaking ability, which could have potentially caused our customers to subsidize certain energy producers, was modified to address our concerns and additional modifications are still in the works that would help to further clarify the bill (AB 1332 -- McLeod — D). J. Lehman shared that a number of other bills are being observed and worked on, and by June 1 the last day for a bill to pass out of its house of origin, a better knowledge will be provided as to which bills are contenders for passage, mentioning there's still room for radical change to the bills. Also J. Lehman indicated that there has been a Iot of effort on the part of staff in regard to the development of regulations for both the implementation of the Renewable 33 Portfolio Standard program and the Greenhouse Gas Cap and Trade program. The regulations for both are expected to be finalized in the next several months. In conclusion, J. Lehman mentioned that the next PUB Legislative Working Group Meeting will be in June; at that point there will be a better idea, as to which of the more significant pieces of legislation are viable in order to further prepare either supporting or opposing strategies. 12. AGENDA ITEM(S) FOR THE NEXT PUBLIC UTILITIES BOARD MEETING ON JUNE 27, 2012. The agenda items for the next Board meeting are to be determined at a later date. 13. ITEM(S) BY SECRETARY. Nothing at this time. 14. ITEM(S) BY BOARD MEMBERS: C. Peltzer expressed concerns about subsidizing residents who do not have solar generated homes. J. Lehman referred to SB 1332 which has subsidized guidelines included. J. Machiaverna commented on the great presentations in the meeting. He also mentioned that after touring the Canyon Power Plant again, he was struck yet again by what a great asset it is for the City. D. Morgan shared a personal story of a family member who experienced a power outage outside of Anaheim's service territory, and remarked on Anaheim's continued electric reliability. He also thanked everyone for a good meeting and mentioned that the proposed budget appears responsible. 15. ADJOURNMENT: (REGULAR MEETING ON JUNE 27, 2012 AT 5:00 P.M., IN THE 11" FLOOR LARGE CONFERENCE ROOM, ANAHEIM WEST TOWER, 201 S. ANAHEIM BOULEVARD, ANAHEIM, CALIFORNIA). J. Machiaverna moved to adjourn the Regular Meeting at 7:41p.m. to the Board's next meeting date of June 27, 2012 at 5:00 p.m. C. Peltzer seconded the motion. MOTION CARRIED: 4 -0. ABSTAINED: 0. ABSENT: 3 (S.E. Faessel, J. Brandman, P. Carroll). 34 Respectfully submitted, vvA_1_--- Marcie L. Edwards Secretary, Public Utilities Board * Indicates item(s) that will be forwarded to City Council for action upon recommendation by the Board. ** Indicates items) that will be forwarded to City Clerk and City Council for informational purposes. M