1 00:00:00,000 --> 00:00:01,439 It's 9 o'clock. 2 00:00:01,439 --> 00:00:06,400 We have a quorum, so we'll go ahead and open the meeting. 3 00:00:06,400 --> 00:00:09,640 We do have a closed meeting scheduled. 4 00:00:09,640 --> 00:00:12,039 However, in essence, we do have some folks 5 00:00:12,039 --> 00:00:15,080 that have presentations in open meeting 6 00:00:15,080 --> 00:00:16,160 or in the regular meeting. 7 00:00:16,160 --> 00:00:18,199 So if it's OK with everybody, if we 8 00:00:18,199 --> 00:00:20,879 can move the closed meeting to the end of the-- 9 00:00:20,879 --> 00:00:24,579 after the open meeting so we can get folks back in their 10 00:00:24,579 --> 00:00:24,920 office 11 00:00:24,920 --> 00:00:26,480 and do all that stuff. 12 00:00:29,280 --> 00:00:32,039 So with that, we have-- 13 00:00:32,039 --> 00:00:36,079 in our regular meeting, we have our consent agenda first. 14 00:00:36,079 --> 00:00:38,719 We have three items on consent agenda. 15 00:00:38,719 --> 00:00:40,960 Would ask if there's any members of the board 16 00:00:40,960 --> 00:00:44,880 who would like to pull any of those items 17 00:00:44,880 --> 00:00:48,719 for individual consideration. 18 00:00:48,719 --> 00:00:51,799 I would like to pull all three of them. 19 00:00:51,799 --> 00:00:53,719 OK. 20 00:00:53,719 --> 00:00:54,679 All right. 21 00:00:54,679 --> 00:00:55,560 That makes it simple. 22 00:01:00,280 --> 00:01:01,759 All right, then. 23 00:01:01,759 --> 00:01:05,000 We will start for individual consideration. 24 00:01:05,000 --> 00:01:07,239 We'll start with item A, which is 25 00:01:07,239 --> 00:01:11,200 to consider recommending approval of the 2018 Water 26 00:01:11,200 --> 00:01:15,200 and Wastewater Impact Fee Update, professional services 27 00:01:15,200 --> 00:01:19,760 proposal from Kimley-Horne and Associates. 28 00:01:19,760 --> 00:01:25,040 And I believe PS is there. 29 00:01:29,920 --> 00:01:33,319 Are there any specific questions that I can answer? 30 00:01:33,319 --> 00:01:36,640 Oh, I would just like for you to just give just 31 00:01:36,640 --> 00:01:39,519 a brief overview, just for the thinking of the public 32 00:01:39,519 --> 00:01:43,280 as the audience, just so the public can know. 33 00:01:43,280 --> 00:01:44,280 OK. 34 00:01:44,280 --> 00:01:46,439 It seems fairly self-explanatory to me. 35 00:01:50,319 --> 00:01:50,319 We started the impact fees for water wastewater back in 36 00:01:50,319 --> 00:01:55,840 1998. 37 00:01:55,840 --> 00:02:01,120 And by state law, we have to do an update study every five 38 00:02:01,120 --> 00:02:02,480 years. 39 00:02:02,480 --> 00:02:07,840 So we had a study in 2003, 2008, 2013. 40 00:02:07,840 --> 00:02:10,039 And this is for the 2018 now. 41 00:02:10,039 --> 00:02:13,319 Because it takes a certain amount of time. 42 00:02:13,319 --> 00:02:15,400 So we started the process a little bit early 43 00:02:15,400 --> 00:02:18,439 because we had to go through a public hearing process, 44 00:02:18,439 --> 00:02:20,979 capital improvement advisory committee, and then the 45 00:02:20,979 --> 00:02:22,520 council. 46 00:02:22,520 --> 00:02:24,400 So there's a certain amount of time it takes. 47 00:02:24,400 --> 00:02:28,000 So sometime we anticipate in June or so 48 00:02:28,000 --> 00:02:31,680 we will have the impact fees again updated and in place 49 00:02:31,680 --> 00:02:33,800 and would have been approved at that time. 50 00:02:33,800 --> 00:02:36,479 Why do we have impact fees? 51 00:02:36,479 --> 00:02:40,599 It is really growth paying for growth. 52 00:02:40,599 --> 00:02:46,520 What we do is we look at what is the additional capacity 53 00:02:46,520 --> 00:02:51,039 that we need to accommodate growth in the future. 54 00:02:51,039 --> 00:02:53,639 So there is a cost to that. 55 00:02:53,639 --> 00:02:58,000 The cost is in building larger pipes, larger pump stations, 56 00:02:58,000 --> 00:03:00,680 larger waste treatment plants, wastewater and water 57 00:03:00,680 --> 00:03:01,039 treatment 58 00:03:01,039 --> 00:03:01,879 plants. 59 00:03:01,879 --> 00:03:04,120 So there's a cost involved in it. 60 00:03:04,120 --> 00:03:07,319 So state law describes a method. 61 00:03:07,319 --> 00:03:10,199 And we'll use that method to assess 62 00:03:10,199 --> 00:03:14,310 what is the cost for a single family equivalent, if you 63 00:03:14,310 --> 00:03:14,719 will. 64 00:03:14,719 --> 00:03:17,319 And then that is what we charge. 65 00:03:17,319 --> 00:03:18,439 The new development. 66 00:03:18,439 --> 00:03:21,550 It is not assessed to existing homes, only to new 67 00:03:21,550 --> 00:03:22,159 development 68 00:03:22,159 --> 00:03:24,280 that comes out. 69 00:03:24,280 --> 00:03:25,680 So that is the essence. 70 00:03:25,680 --> 00:03:28,039 That's what impact fees are. 71 00:03:28,039 --> 00:03:32,960 So we got our RFQ done through the Purchasing Department. 72 00:03:32,960 --> 00:03:36,439 And we had five consulting companies 73 00:03:36,439 --> 00:03:39,599 that sent their RFQs. 74 00:03:39,599 --> 00:03:41,120 We evaluated them. 75 00:03:41,120 --> 00:03:44,360 Kimley-Horn was ranked number one. 76 00:03:44,360 --> 00:03:47,479 And we have a very good proposal. 77 00:03:47,479 --> 00:03:51,319 And the fees that we got look pretty reasonable. 78 00:03:51,319 --> 00:03:54,879 So we are happy to bring it to you for approval. 79 00:03:54,879 --> 00:03:55,599 Thank you. 80 00:03:55,599 --> 00:03:59,080 Is this a consulting group that the city 81 00:03:59,080 --> 00:04:00,759 has worked with in the past? 82 00:04:00,759 --> 00:04:01,400 Yes, they have. 83 00:04:01,400 --> 00:04:04,199 Actually, they did the road impact fees. 84 00:04:04,199 --> 00:04:06,680 I was involved in that. 85 00:04:06,680 --> 00:04:09,360 That went into effect last year. 86 00:04:09,360 --> 00:04:11,960 And they did a very good job on the road impact fees, 87 00:04:11,960 --> 00:04:13,479 above and beyond. 88 00:04:13,479 --> 00:04:14,039 Excellent. 89 00:04:14,039 --> 00:04:15,120 Excellent. 90 00:04:15,120 --> 00:04:18,319 So this is a special skill set. 91 00:04:18,319 --> 00:04:20,759 It seems to me this is a special skill set 92 00:04:20,759 --> 00:04:23,920 that we would need to contract out for, 93 00:04:23,920 --> 00:04:25,040 rather than having this to-- 94 00:04:25,040 --> 00:04:28,920 Yes, it requires planning effort on their part, 95 00:04:28,920 --> 00:04:33,399 growth scenarios for what is the growth in the city, 96 00:04:33,399 --> 00:04:37,240 engineering, evaluation, and then the cost evaluation. 97 00:04:37,240 --> 00:04:37,959 Yes. 98 00:04:37,959 --> 00:04:38,600 OK, yes. 99 00:04:38,600 --> 00:04:39,100 Thank you. 100 00:04:39,100 --> 00:04:44,040 So this seems like a good return on investment to me, 101 00:04:44,040 --> 00:04:46,720 in the sense that if we get somebody to really do this 102 00:04:46,720 --> 00:04:48,480 right, we spend-- 103 00:04:48,480 --> 00:04:49,480 I think it was-- 104 00:04:49,480 --> 00:04:50,800 It's a little over $91,000. 105 00:04:50,800 --> 00:04:53,000 Yeah, around $90,000. 106 00:04:53,000 --> 00:04:58,439 But we end up getting back a lot in terms of impact fees. 107 00:04:58,439 --> 00:05:00,839 And also, the $91,000 we spend actually 108 00:05:00,839 --> 00:05:03,560 goes back into the charge we will assess. 109 00:05:03,560 --> 00:05:06,399 Whatever cost we have, we put back at the cost. 110 00:05:06,399 --> 00:05:07,519 Yes. 111 00:05:07,519 --> 00:05:09,319 OK, well, thank you very much. 112 00:05:09,319 --> 00:05:10,240 That sounds great. 113 00:05:10,240 --> 00:05:15,040 Yes, is this the third party methodology that's 114 00:05:15,040 --> 00:05:16,399 prescribed by state law? 115 00:05:16,399 --> 00:05:16,920 Is that correct? 116 00:05:16,920 --> 00:05:17,439 Yes, sir. 117 00:05:17,439 --> 00:05:18,019 OK. 118 00:05:18,019 --> 00:05:23,959 So it's really a requirement in addition to being a good 119 00:05:23,959 --> 00:05:24,199 idea, 120 00:05:24,199 --> 00:05:25,560 to have a third party look at it. 121 00:05:25,560 --> 00:05:26,060 Yes, sir. 122 00:05:26,060 --> 00:05:28,000 Yes. 123 00:05:28,000 --> 00:05:31,959 That way you get an independent view of what 124 00:05:31,959 --> 00:05:32,959 we need to charge for. 125 00:05:32,959 --> 00:05:34,000 Right. 126 00:05:34,000 --> 00:05:35,079 OK. 127 00:05:35,079 --> 00:05:37,480 All right, any other questions? 128 00:05:37,480 --> 00:05:38,959 PS, no? 129 00:05:38,959 --> 00:05:41,920 Is there a motion then to approve item A? 130 00:05:41,920 --> 00:05:42,959 Make a motion. 131 00:05:42,959 --> 00:05:43,600 I motion. 132 00:05:43,600 --> 00:05:44,100 Motion. 133 00:05:44,100 --> 00:05:46,120 Second. 134 00:05:46,120 --> 00:05:47,439 And a second. 135 00:05:47,439 --> 00:05:51,199 You have to flip a coin, whichever. 136 00:05:51,199 --> 00:05:55,319 I'll let Kim make that decision. 137 00:05:55,319 --> 00:05:58,040 We have a motion and a second on item A. 138 00:05:58,040 --> 00:06:01,040 Or is there any further discussion? 139 00:06:01,040 --> 00:06:02,720 If not, all in favor say aye. 140 00:06:02,720 --> 00:06:03,720 Aye. 141 00:06:03,720 --> 00:06:05,959 Any opposed? 142 00:06:05,959 --> 00:06:07,480 Motion carries. 143 00:06:07,480 --> 00:06:10,279 Item B, which is to consider recommending 144 00:06:10,279 --> 00:06:13,480 approval of a professional services agreement 145 00:06:13,480 --> 00:06:19,240 with Enterprise Risk Consulting of Santa Fe, New Mexico 146 00:06:19,240 --> 00:06:22,220 to assist the city in developing a power supply head 147 00:06:22,220 --> 00:06:22,800 strategy 148 00:06:22,800 --> 00:06:26,079 and implement a risk management process in an amount 149 00:06:26,079 --> 00:06:28,079 not to exceed 200,000. 150 00:06:28,079 --> 00:06:29,920 Brian? 151 00:06:29,920 --> 00:06:30,439 Morning. 152 00:06:30,439 --> 00:06:32,439 Brian Langley, Deputy City Manager. 153 00:06:32,439 --> 00:06:35,199 Did you also want me just to provide some overall comments? 154 00:06:35,199 --> 00:06:38,360 Or do you have any specific questions? 155 00:06:38,360 --> 00:06:40,860 For me, anyway, it was just in terms of explaining to the 156 00:06:40,860 --> 00:06:41,480 public 157 00:06:41,480 --> 00:06:44,160 their return on investment. 158 00:06:44,160 --> 00:06:50,879 I know that there's a lot of cynicism about consultants. 159 00:06:50,879 --> 00:06:55,759 And I think it's a good idea to just explain to the public 160 00:06:55,759 --> 00:06:56,279 why 161 00:06:56,279 --> 00:06:59,879 it makes financial sense to spend this money, why 162 00:06:59,879 --> 00:07:02,800 it's a good investment for us. 163 00:07:02,800 --> 00:07:04,360 Well, with the board's indulgence, 164 00:07:04,360 --> 00:07:06,920 I'll talk about items B and C together, 165 00:07:06,920 --> 00:07:09,839 which is really a companion is the Deloitte study. 166 00:07:09,839 --> 00:07:13,240 So I'll go through that overview for you. 167 00:07:13,240 --> 00:07:17,490 So first of all, for Deloitte, which is item C on your 168 00:07:17,490 --> 00:07:18,120 agenda, 169 00:07:18,120 --> 00:07:19,720 there are two particular tasks that we're 170 00:07:19,720 --> 00:07:20,680 asking them to look at. 171 00:07:20,680 --> 00:07:22,360 And these are the ones that we talked about with you 172 00:07:22,360 --> 00:07:24,319 at your last meeting that they presented. 173 00:07:24,319 --> 00:07:27,920 The first would be to look at the 2017 benchmark analysis 174 00:07:27,920 --> 00:07:31,600 to see what is the right benchmark to manage and measure 175 00:07:31,600 --> 00:07:34,360 the energy management organization moving forward, 176 00:07:34,360 --> 00:07:35,959 to look at different methodologies, 177 00:07:35,959 --> 00:07:38,560 identify the advantages and disadvantages of those, 178 00:07:38,560 --> 00:07:41,720 and make a recommendation to us of how we measure 179 00:07:41,720 --> 00:07:43,560 performance going forward. 180 00:07:43,560 --> 00:07:45,439 And then the second task that they have 181 00:07:45,439 --> 00:07:50,279 is what they call the EMO capability maturity model 182 00:07:50,279 --> 00:07:50,959 that they'll look at. 183 00:07:50,959 --> 00:07:53,120 And basically, just look at the overall governance 184 00:07:53,120 --> 00:07:55,120 that we have of the EMO. 185 00:07:55,120 --> 00:07:56,120 What are our policies? 186 00:07:56,120 --> 00:07:58,000 What are our procedures for that? 187 00:07:58,000 --> 00:07:59,839 Understand all those activities. 188 00:07:59,839 --> 00:08:01,879 Try to understand whatever risk we're 189 00:08:01,879 --> 00:08:04,879 taking on with that operation. 190 00:08:04,879 --> 00:08:07,279 If there are any process gaps that we have, 191 00:08:07,279 --> 00:08:08,680 any issues that need to be resolved, 192 00:08:08,680 --> 00:08:11,029 they'll identify those for us and recommend any 193 00:08:11,029 --> 00:08:11,639 improvements 194 00:08:11,639 --> 00:08:13,079 that are needed. 195 00:08:13,079 --> 00:08:15,240 And so the companion to that is enterprise risk, 196 00:08:15,240 --> 00:08:18,000 is once we have that recommendation from Deloitte 197 00:08:18,000 --> 00:08:20,920 and the issues that have been identified, 198 00:08:20,920 --> 00:08:22,519 they'll review those for us and give us 199 00:08:22,519 --> 00:08:24,160 a practical application of how do they 200 00:08:24,160 --> 00:08:26,160 think we can actually close those gaps. 201 00:08:26,160 --> 00:08:27,720 What are the recommendations that they 202 00:08:27,720 --> 00:08:32,059 would have for us to implement the recommendations from Del 203 00:08:32,059 --> 00:08:32,840 oitte 204 00:08:32,840 --> 00:08:35,039 and help us revise the governance structure as needed. 205 00:08:35,039 --> 00:08:36,879 So as you may recall, we have a front office, 206 00:08:36,879 --> 00:08:39,720 a middle office, and a back office for the EMO. 207 00:08:39,720 --> 00:08:41,399 We have some policies that are in place. 208 00:08:41,399 --> 00:08:43,720 What would that need to look like if there are any process 209 00:08:43,720 --> 00:08:47,320 gaps, if any are identified by Deloitte. 210 00:08:47,320 --> 00:08:49,120 And then the second component of their work 211 00:08:49,120 --> 00:08:51,960 is to look at our power supply issues 212 00:08:51,960 --> 00:08:53,240 that we've been talking about. 213 00:08:53,240 --> 00:08:56,179 So looking at how do we take on more renewables going 214 00:08:56,179 --> 00:08:56,960 forward? 215 00:08:56,960 --> 00:08:59,679 What's the right mixture of those going forward? 216 00:08:59,679 --> 00:09:02,639 How do we develop a hedging strategy for that? 217 00:09:02,639 --> 00:09:04,679 How do we use the deck for that? 218 00:09:04,679 --> 00:09:07,799 And how do we build a financial pro forma going forward 219 00:09:07,799 --> 00:09:10,679 that takes into account all those different elements? 220 00:09:10,679 --> 00:09:12,960 And we'll bring that back through the board and the city 221 00:09:12,960 --> 00:09:13,840 council. 222 00:09:13,840 --> 00:09:17,200 And they're looking to come back in October. 223 00:09:17,200 --> 00:09:19,720 Their work is due to us for their first phase of the work, 224 00:09:19,720 --> 00:09:22,159 what we've already contracted with them on October 16. 225 00:09:22,159 --> 00:09:24,519 And we hope to be back to you on October 23 226 00:09:24,519 --> 00:09:27,279 to have that discussion. 227 00:09:27,279 --> 00:09:31,389 So in terms of cost, Deloitte is, for an amount not to 228 00:09:31,389 --> 00:09:31,399 exceed, 229 00:09:31,399 --> 00:09:35,440 $145,000, combined with what we've already spent with them, 230 00:09:35,440 --> 00:09:38,159 that would be about $231,000. 231 00:09:38,159 --> 00:09:40,679 Task one is the benchmark analysis that we mentioned. 232 00:09:40,679 --> 00:09:42,120 It's about $35,000. 233 00:09:42,120 --> 00:09:46,000 The EMO maturity assessment is $110,000. 234 00:09:46,000 --> 00:09:48,919 We expect both of these tasks to be completed 235 00:09:48,919 --> 00:09:51,279 by the first week of December and have a report available 236 00:09:51,279 --> 00:09:51,840 for you 237 00:09:51,840 --> 00:09:53,960 to come back and talk through. 238 00:09:53,960 --> 00:09:56,639 And that will help us, again, better understand 239 00:09:56,639 --> 00:10:00,320 the operations, the risk, how to measure success for EMO, 240 00:10:00,320 --> 00:10:02,320 and develop appropriate strategies 241 00:10:02,320 --> 00:10:04,360 to manage that operation if any improvements are 242 00:10:04,360 --> 00:10:06,480 needed to be made. 243 00:10:06,480 --> 00:10:08,039 So for enterprise risk consulting, 244 00:10:08,039 --> 00:10:10,519 it's for an amount not to exceed $200,000. 245 00:10:10,519 --> 00:10:12,879 That would be a total of $299,000 246 00:10:12,879 --> 00:10:15,159 with our existing scope of work that we've already 247 00:10:15,159 --> 00:10:16,639 performed with them. 248 00:10:16,639 --> 00:10:19,320 We do think that there's a range of costs here that we have 249 00:10:19,320 --> 00:10:19,440 . 250 00:10:19,440 --> 00:10:22,639 It's about $135,000 to $182,000 plus some travel-related 251 00:10:22,639 --> 00:10:23,639 expenses. 252 00:10:23,639 --> 00:10:25,399 The reason for that range is we really 253 00:10:25,399 --> 00:10:27,600 don't know what we're going to find out of the Deloitte 254 00:10:27,600 --> 00:10:28,080 study, 255 00:10:28,080 --> 00:10:30,759 what kind of improvements might need to be made, 256 00:10:30,759 --> 00:10:33,879 what's the depth of those improvements perhaps. 257 00:10:33,879 --> 00:10:37,200 So that will be known once we have the Deloitte report. 258 00:10:37,200 --> 00:10:41,370 But we expect the EMO portion of the findings and 259 00:10:41,370 --> 00:10:42,159 recommendations 260 00:10:42,159 --> 00:10:44,759 to come forward in the spring of 2018. 261 00:10:44,759 --> 00:10:47,600 And the rest of the work will be done throughout the year 262 00:10:47,600 --> 00:10:50,200 and delivered no later than the end of September. 263 00:10:50,200 --> 00:10:52,639 And the reason for that is we have the debt coming online 264 00:10:52,639 --> 00:10:53,159 next year. 265 00:10:53,159 --> 00:10:56,000 And so how to manage that properly 266 00:10:56,000 --> 00:10:58,120 will be determined through that process. 267 00:10:58,120 --> 00:11:00,799 We have some renewable RFPs that are on the street 268 00:11:00,799 --> 00:11:02,000 that we'll be working through. 269 00:11:02,000 --> 00:11:04,320 And so that will take a little bit more time. 270 00:11:04,320 --> 00:11:06,000 But we'll certainly get updates for them 271 00:11:06,000 --> 00:11:09,240 and bring that back to you as we get up. 272 00:11:09,240 --> 00:11:12,559 So those are my overall comments for those two items. 273 00:11:12,559 --> 00:11:14,919 I'd be happy to answer any specific questions that you 274 00:11:14,919 --> 00:11:16,799 might have. 275 00:11:16,799 --> 00:11:17,320 Questions? 276 00:11:24,440 --> 00:11:28,840 Has Enterprise been asked to factor in a timeline 277 00:11:28,840 --> 00:11:32,919 for the phasing out of the gas plant? 278 00:11:32,919 --> 00:11:36,480 No, that's going to be a part of our power portfolio. 279 00:11:36,480 --> 00:11:37,879 And so they've been asked to look 280 00:11:37,879 --> 00:11:42,009 at how to best utilize that and how to best maximize that 281 00:11:42,009 --> 00:11:42,559 use. 282 00:11:42,559 --> 00:11:45,279 OK, so that comes from us. 283 00:11:45,279 --> 00:11:46,240 Is that what you're saying? 284 00:11:46,240 --> 00:11:48,440 We give that to them and then they figure out? 285 00:11:48,440 --> 00:11:50,440 Sure, it's an asset that we have, 286 00:11:50,440 --> 00:11:52,759 as well as some of the other contracts, power supply 287 00:11:52,759 --> 00:11:56,240 contracts that we have in place that are known elements 288 00:11:56,240 --> 00:11:57,279 of our power supply. 289 00:11:57,279 --> 00:11:59,000 And so then the question for Enterprise 290 00:11:59,000 --> 00:12:03,080 is how best to utilize those and add in more power supply 291 00:12:03,080 --> 00:12:04,159 options over time. 292 00:12:04,159 --> 00:12:10,600 OK, and they asked to consider how storage and distributed 293 00:12:10,600 --> 00:12:12,320 generation-- 294 00:12:12,320 --> 00:12:13,399 we're working to that picture. 295 00:12:13,399 --> 00:12:15,799 I think they addressed the storage question 296 00:12:15,799 --> 00:12:17,279 at the last council meeting and just 297 00:12:17,279 --> 00:12:20,519 didn't feel like it was a viable alternative at this point. 298 00:12:20,519 --> 00:12:23,200 Although in the next few years it could be viable, 299 00:12:23,200 --> 00:12:24,559 but at this point they didn't feel 300 00:12:24,559 --> 00:12:27,200 like that was a viable option. 301 00:12:27,200 --> 00:12:28,039 OK, thanks. 302 00:12:28,039 --> 00:12:30,519 Yeah, I was really impressed with them. 303 00:12:30,519 --> 00:12:31,519 I think they're terrific. 304 00:12:31,519 --> 00:12:36,360 That was the one thing that I'm skeptical about. 305 00:12:36,360 --> 00:12:41,919 It seems to me that storage has gotten really good, 306 00:12:41,919 --> 00:12:45,360 both utility scale and-- 307 00:12:45,360 --> 00:12:46,639 Well, I can certainly-- 308 00:12:46,639 --> 00:12:48,480 if that's something the board's interested in, 309 00:12:48,480 --> 00:12:50,679 I can certainly ask them to come back and explore that 310 00:12:50,679 --> 00:12:51,120 further 311 00:12:51,120 --> 00:12:52,960 at their next opportunity when they're 312 00:12:52,960 --> 00:12:54,960 going to come back and present to you in October. 313 00:12:54,960 --> 00:12:57,000 We can certainly have them add some information 314 00:12:57,000 --> 00:12:58,320 to address that for you. 315 00:12:58,320 --> 00:13:00,840 If I could, I think the initial scope here 316 00:13:00,840 --> 00:13:05,519 is really to put something in writing that illustrates 317 00:13:05,519 --> 00:13:07,639 kind of where we're going, what our strategies are 318 00:13:07,639 --> 00:13:10,639 for renewables, something we can go back and visit each 319 00:13:10,639 --> 00:13:11,320 year, 320 00:13:11,320 --> 00:13:13,519 continue to refine. 321 00:13:13,519 --> 00:13:15,679 The comment that was made about storage the other day 322 00:13:15,679 --> 00:13:18,279 at the city councils is just not quite there yet. 323 00:13:18,279 --> 00:13:21,080 But in three, five, 10 years, it very well may be here. 324 00:13:21,080 --> 00:13:26,960 So we're viewing this issue from the scope from Enterprise 325 00:13:26,960 --> 00:13:27,200 Risk 326 00:13:27,200 --> 00:13:29,159 as something that's kind of a living document. 327 00:13:29,159 --> 00:13:32,120 And each year or two, we can see how we're doing, 328 00:13:32,120 --> 00:13:33,320 how the market's changed. 329 00:13:33,320 --> 00:13:37,440 But it's vetted very publicly with all of your input 330 00:13:37,440 --> 00:13:39,240 and the city council's input. 331 00:13:39,240 --> 00:13:42,039 And as the market changes, we can also 332 00:13:42,039 --> 00:13:43,720 change and adapt the plan. 333 00:13:43,720 --> 00:13:48,059 So what's important is getting this first scope 334 00:13:48,059 --> 00:13:51,080 underway to take a look at how the renewable market changed 335 00:13:51,080 --> 00:13:51,320 , 336 00:13:51,320 --> 00:13:53,600 how does that change, how we operate the deck, 337 00:13:53,600 --> 00:13:55,440 and for all of you to be involved in that policy 338 00:13:55,440 --> 00:13:56,200 discussion. 339 00:13:56,200 --> 00:13:58,679 And then you'll make that recommendation to council. 340 00:13:58,679 --> 00:14:00,440 Things two or three years from now 341 00:14:00,440 --> 00:14:02,279 are going to be different than they are today. 342 00:14:02,279 --> 00:14:04,360 But at least we've got a document that illustrates 343 00:14:04,360 --> 00:14:06,840 our thinking at the time, something we can measure, 344 00:14:06,840 --> 00:14:10,000 something we can continually improve upon and adapt 345 00:14:10,000 --> 00:14:11,480 as the market adapts. 346 00:14:11,480 --> 00:14:14,240 And then in terms of the DOIT study, 347 00:14:14,240 --> 00:14:16,240 obviously moving forward and agreeing 348 00:14:16,240 --> 00:14:19,039 to how we're going to measure success, 349 00:14:19,039 --> 00:14:21,360 the governance structure of the EMO 350 00:14:21,360 --> 00:14:24,370 is important because of the risk that's going through there 351 00:14:24,370 --> 00:14:24,399 . 352 00:14:24,399 --> 00:14:26,440 It is something that the city council was 353 00:14:26,440 --> 00:14:27,679 very interested in as well. 354 00:14:27,679 --> 00:14:30,039 So these are really documents that everything's 355 00:14:30,039 --> 00:14:31,840 in writing, our thought processes, 356 00:14:31,840 --> 00:14:34,000 and they will change over time. 357 00:14:34,000 --> 00:14:36,759 In terms of decommissioning the gas plant, 358 00:14:36,759 --> 00:14:39,240 I don't think that's a realistic conversation to have yet, 359 00:14:39,240 --> 00:14:41,919 because we just don't know where the market's going to go. 360 00:14:41,919 --> 00:14:47,080 A lot of the utilities and the renewables, the gas 361 00:14:47,080 --> 00:14:47,440 contracts 362 00:14:47,440 --> 00:14:50,000 we're looking at, you can only contract out 363 00:14:50,000 --> 00:14:53,120 in a responsible fashion probably three to five years 364 00:14:53,120 --> 00:14:55,389 to really control your costs and make sure that we're 365 00:14:55,389 --> 00:14:55,639 always 366 00:14:55,639 --> 00:14:56,519 in a good position. 367 00:14:56,519 --> 00:14:59,480 But that's not to say that in five years, 368 00:14:59,480 --> 00:15:01,200 things are looking very different now, 369 00:15:01,200 --> 00:15:03,399 and we've got a totally different strategy in place. 370 00:15:03,399 --> 00:15:05,879 But we wanted to make sure that we 371 00:15:05,879 --> 00:15:08,480 had something that was vetted from everyone first 372 00:15:08,480 --> 00:15:12,610 and that we could all look at one set of facts moving 373 00:15:12,610 --> 00:15:13,000 forward. 374 00:15:13,000 --> 00:15:14,720 And that's the benefit of this. 375 00:15:14,720 --> 00:15:15,399 Oh, yes. 376 00:15:15,399 --> 00:15:15,919 Yeah. 377 00:15:15,919 --> 00:15:18,679 And I'm convinced of the benefit of it. 378 00:15:18,679 --> 00:15:21,720 I just know that there are members of the public that 379 00:15:21,720 --> 00:15:26,600 would appreciate an explanation. 380 00:15:26,600 --> 00:15:29,759 It seems to me that the coal plant has not 381 00:15:29,759 --> 00:15:36,759 been factored in also by Enterprise, 382 00:15:36,759 --> 00:15:39,279 or maybe we just haven't been informed of it. 383 00:15:39,279 --> 00:15:45,759 That is, it seems that the coal plant is still producing. 384 00:15:45,759 --> 00:15:50,720 And have they been asked to look into how 385 00:15:50,720 --> 00:15:55,279 that factors into our package? 386 00:15:55,279 --> 00:15:57,820 Sure, we'll certainly bring that back to you as part of 387 00:15:57,820 --> 00:15:58,039 that, 388 00:15:58,039 --> 00:16:00,639 as part of the resource plan, to see all the assets 389 00:16:00,639 --> 00:16:03,480 that we have, what's the best way to utilize those assets 390 00:16:03,480 --> 00:16:04,480 at the lowest cost. 391 00:16:04,480 --> 00:16:06,960 And so that will be a component of that discussion. 392 00:16:06,960 --> 00:16:07,480 Excellent. 393 00:16:07,480 --> 00:16:08,799 Thank you. 394 00:16:08,799 --> 00:16:14,440 I think I read, or maybe it was from the last preliminary 395 00:16:14,440 --> 00:16:14,519 report 396 00:16:14,519 --> 00:16:20,279 they gave, was they were going to factor in some summer 397 00:16:20,279 --> 00:16:20,519 peak 398 00:16:20,519 --> 00:16:26,320 time, peak demand, seasonal operation of coal. 399 00:16:26,320 --> 00:16:28,480 I mean, that may or may not where it ends up, 400 00:16:28,480 --> 00:16:32,360 but at least they're looking at it that way. 401 00:16:32,360 --> 00:16:35,139 So I just want to make sure I've got the timing on 402 00:16:35,139 --> 00:16:35,679 everything 403 00:16:35,679 --> 00:16:36,240 correct. 404 00:16:36,240 --> 00:16:40,480 So Deloitte will deliver their report in December. 405 00:16:40,480 --> 00:16:42,200 Both reports, right? 406 00:16:42,200 --> 00:16:44,799 Yes, sir, for task one and two. 407 00:16:44,799 --> 00:16:52,200 And then Enterprise will begin in October. 408 00:16:52,200 --> 00:16:54,600 I'm assuming they're pretty confident in their final report 409 00:16:54,600 --> 00:16:55,679 we receive on the 16th. 410 00:16:55,679 --> 00:16:58,879 It's not going to differ too much from what they told us 411 00:16:58,879 --> 00:16:59,720 two weeks ago. 412 00:16:59,720 --> 00:17:03,480 I think those are certainly the preliminary findings 413 00:17:03,480 --> 00:17:05,200 at this point, but I would expect those 414 00:17:05,200 --> 00:17:09,319 to be on the 23rd, a little bit more detailed findings 415 00:17:09,319 --> 00:17:11,599 and detailed presentation of how they got there 416 00:17:11,599 --> 00:17:14,119 and what their final recommendations are. 417 00:17:14,119 --> 00:17:15,519 But that won't be for these items. 418 00:17:15,519 --> 00:17:17,200 That will be in the spring for these items 419 00:17:17,200 --> 00:17:19,119 that are here on this contract. 420 00:17:19,119 --> 00:17:22,519 And then one last question. 421 00:17:22,519 --> 00:17:26,160 So the report from Enterprise is expected 422 00:17:26,160 --> 00:17:30,759 to be delivered in the spring on the MO and then September 423 00:17:30,759 --> 00:17:35,519 for the other item. 424 00:17:35,519 --> 00:17:39,720 So do we have-- because they talked about now's the time, 425 00:17:39,720 --> 00:17:42,960 if you're going to do renewable contracts, 426 00:17:42,960 --> 00:17:44,440 now's the time to do it. 427 00:17:44,440 --> 00:17:46,759 I don't know if that makes sure that-- 428 00:17:46,759 --> 00:17:49,740 I guess I just want to ask a question I don't want to 429 00:17:49,740 --> 00:17:50,160 assume, 430 00:17:50,160 --> 00:17:53,000 but I'm assuming that window will still be open, 431 00:17:53,000 --> 00:17:54,440 in their opinion, by that time. 432 00:17:54,440 --> 00:17:57,880 Yes, sir, we actually have an RFP on the street right now 433 00:17:57,880 --> 00:17:59,000 for renewables. 434 00:17:59,000 --> 00:18:01,380 We're asking the marketplace to give us some options for 435 00:18:01,380 --> 00:18:01,640 that. 436 00:18:01,640 --> 00:18:04,480 They're going to help us evaluate what those options are. 437 00:18:04,480 --> 00:18:06,319 And as they're developing that resource plan, 438 00:18:06,319 --> 00:18:08,519 we can come back with contracts for potentially more 439 00:18:08,519 --> 00:18:10,440 renewables that will match up with that. 440 00:18:10,440 --> 00:18:12,779 So that's what we think is one of the really good benefits 441 00:18:12,779 --> 00:18:13,200 here, 442 00:18:13,200 --> 00:18:15,519 is that they're helping us on the front end 443 00:18:15,519 --> 00:18:18,680 and actually implement some of that through the process. 444 00:18:18,680 --> 00:18:21,480 So hopefully we'll have that in the next couple of months. 445 00:18:21,480 --> 00:18:23,319 We'll have something for you to consider. 446 00:18:23,319 --> 00:18:24,599 OK. 447 00:18:24,599 --> 00:18:27,599 And Brian, I know that Daffner does a lot of their own lean 448 00:18:27,599 --> 00:18:28,599 process review. 449 00:18:28,599 --> 00:18:30,799 Can you just briefly-- I'm in favor of Deloitte, 450 00:18:30,799 --> 00:18:33,390 but could you just briefly tell us why you're using Delo 451 00:18:33,390 --> 00:18:33,559 itte 452 00:18:33,559 --> 00:18:35,480 rather than doing that? 453 00:18:35,480 --> 00:18:37,559 We do have a lean program, a lean government program. 454 00:18:37,559 --> 00:18:39,759 We look at processes. 455 00:18:39,759 --> 00:18:42,759 My opinion, this is very different than anything else 456 00:18:42,759 --> 00:18:43,960 that we do around the city. 457 00:18:43,960 --> 00:18:46,400 And there's some process mapping I think would be helpful. 458 00:18:46,400 --> 00:18:48,599 But the technical nature of what's going on, 459 00:18:48,599 --> 00:18:51,119 you really have to have someone who has some experience 460 00:18:51,119 --> 00:18:53,960 and some technical knowledge to help us understand 461 00:18:53,960 --> 00:18:55,640 what are the best ways to do this. 462 00:18:55,640 --> 00:18:57,480 And it's a very small operation, but it 463 00:18:57,480 --> 00:18:59,359 has a lot of different components to it. 464 00:18:59,359 --> 00:19:01,599 So that's why we feel like an outside expert would really 465 00:19:01,599 --> 00:19:03,480 help us in terms of the dollars that 466 00:19:03,480 --> 00:19:06,079 are going through that operation, that we're managing it 467 00:19:06,079 --> 00:19:09,119 the best we can. 468 00:19:09,119 --> 00:19:09,759 OK. 469 00:19:09,759 --> 00:19:11,200 Any other questions? 470 00:19:11,200 --> 00:19:13,920 Brian? 471 00:19:13,920 --> 00:19:14,640 OK. 472 00:19:14,640 --> 00:19:19,559 So we'll take item B first, which is consider 473 00:19:19,559 --> 00:19:22,799 recommending approval of a professional services 474 00:19:22,799 --> 00:19:26,079 agreement with Enterprise Risk Consulting. 475 00:19:26,079 --> 00:19:28,079 Is there a motion on that item? 476 00:19:28,079 --> 00:19:29,359 Motion to approve. 477 00:19:29,359 --> 00:19:30,319 Second. 478 00:19:30,319 --> 00:19:33,359 We have a motion and a second. 479 00:19:33,359 --> 00:19:34,480 Any further discussion? 480 00:19:37,640 --> 00:19:38,400 No. 481 00:19:38,400 --> 00:19:40,759 If not, all in favor say aye. 482 00:19:40,759 --> 00:19:41,599 Aye. 483 00:19:41,599 --> 00:19:42,839 Any opposed? 484 00:19:42,839 --> 00:19:43,839 Same sign. 485 00:19:43,839 --> 00:19:45,279 OK. 486 00:19:45,279 --> 00:19:48,599 Item C is to consider recommending approval 487 00:19:48,599 --> 00:19:53,359 of a professional services agreement with Deloitte Touche 488 00:19:53,359 --> 00:19:58,470 to perform fiscal 2017 benchmark as well as a risk 489 00:19:58,470 --> 00:19:59,039 assessment 490 00:19:59,039 --> 00:20:04,240 for the EMO not to exceed the amount of $145,000. 491 00:20:04,240 --> 00:20:06,160 Is there a motion on that item? 492 00:20:06,160 --> 00:20:08,279 Move approval. 493 00:20:08,279 --> 00:20:08,799 Second. 494 00:20:08,799 --> 00:20:09,799 And a second. 495 00:20:09,799 --> 00:20:11,960 We have a motion and a second. 496 00:20:11,960 --> 00:20:15,359 Discussion on that? 497 00:20:15,359 --> 00:20:15,880 No. 498 00:20:15,880 --> 00:20:18,480 Then all in favor say aye. 499 00:20:18,480 --> 00:20:19,039 Aye. 500 00:20:19,039 --> 00:20:19,920 Any opposed? 501 00:20:19,920 --> 00:20:21,559 Same sign. 502 00:20:21,559 --> 00:20:22,039 OK. 503 00:20:22,039 --> 00:20:24,599 Thank you. 504 00:20:24,599 --> 00:20:28,789 Moving on for individual items for individual consideration 505 00:20:28,789 --> 00:20:29,079 . 506 00:20:29,079 --> 00:20:32,630 Item A is to consider approval of the Public Utilities 507 00:20:32,630 --> 00:20:32,960 Board 508 00:20:32,960 --> 00:20:38,079 meeting minutes of September 11, 2017. 509 00:20:38,079 --> 00:20:43,079 These have been distributed prior to. 510 00:20:43,079 --> 00:20:47,480 Are there any corrections, comments, amendments 511 00:20:47,480 --> 00:20:50,599 we need to look at? 512 00:20:50,599 --> 00:20:51,519 No. 513 00:20:51,519 --> 00:20:54,440 Everything seems OK. 514 00:20:54,440 --> 00:20:56,960 All right. 515 00:20:56,960 --> 00:21:01,920 Then those will stand approved as submitted then. 516 00:21:01,920 --> 00:21:05,200 Item B is the ACM update. 517 00:21:08,039 --> 00:21:11,720 Board members, I sent through Kim under a separate memo-- 518 00:21:11,720 --> 00:21:13,000 excuse me, a separate email-- 519 00:21:13,000 --> 00:21:19,000 a memo that outlined items 3, 4, and 5 of the new business 520 00:21:19,000 --> 00:21:20,240 matrix. 521 00:21:20,240 --> 00:21:23,480 And so hopefully that will fulfill those requirements 522 00:21:23,480 --> 00:21:24,799 unless you have any questions. 523 00:21:24,799 --> 00:21:27,359 And then items 6, 7, and 8 will be 524 00:21:27,359 --> 00:21:29,200 able to come back to you either through a memo 525 00:21:29,200 --> 00:21:33,000 or a subsequent presentation in an upcoming board meeting 526 00:21:33,000 --> 00:21:34,119 if you so choose. 527 00:21:34,119 --> 00:21:35,079 So any questions? 528 00:21:35,079 --> 00:21:38,480 Be happy to answer as best I can. 529 00:21:38,480 --> 00:21:41,359 Questions? 530 00:21:41,359 --> 00:21:43,160 I just want to say I was very impressed 531 00:21:43,160 --> 00:21:48,720 by the numbers of the solar rebate that we're doing here. 532 00:21:48,720 --> 00:21:54,319 I mean, it's a good problem to have when you have 533 00:21:54,319 --> 00:21:55,480 more than you can do. 534 00:21:55,480 --> 00:22:02,480 But at the same time, to look at the number of 41 535 00:22:02,480 --> 00:22:03,240 residential 536 00:22:03,240 --> 00:22:06,000 in 2017 so far, and we had to turn people away 537 00:22:06,000 --> 00:22:08,339 because we knew we were getting close to running out of 538 00:22:08,339 --> 00:22:08,680 money, 539 00:22:08,680 --> 00:22:11,839 that's excellent. 540 00:22:11,839 --> 00:22:14,319 One thing I didn't mention is what we'll do next time 541 00:22:14,319 --> 00:22:18,470 I'll work with Kim to include this memo along with the 542 00:22:18,470 --> 00:22:19,119 backup 543 00:22:19,119 --> 00:22:22,000 materials in your agenda, not to fill the agenda, 544 00:22:22,000 --> 00:22:24,960 but just so that it's in the minutes 545 00:22:24,960 --> 00:22:27,519 so that if folks whenever in the public ever want to go 546 00:22:27,519 --> 00:22:27,799 back 547 00:22:27,799 --> 00:22:29,519 and look at it, they can. 548 00:22:29,519 --> 00:22:34,200 They have that information available to them online. 549 00:22:34,200 --> 00:22:39,839 How will the new Tesla solar roofing fit into this whole 550 00:22:39,839 --> 00:22:41,960 rebate process? 551 00:22:44,960 --> 00:22:45,460 Thank you. 552 00:22:49,559 --> 00:22:51,599 I was hoping my roof was wrecked so I could do it. 553 00:22:51,599 --> 00:22:54,480 Maybe it wasn't. 554 00:22:54,480 --> 00:22:58,440 Well, yeah. 555 00:22:58,440 --> 00:23:00,400 Not a good reason to get a wrecked roof, 556 00:23:00,400 --> 00:23:01,519 but I guess it's all right. 557 00:23:04,319 --> 00:23:04,819 OK. 558 00:23:08,920 --> 00:23:11,529 That's all the individual items we had on the regular 559 00:23:11,529 --> 00:23:13,119 meeting. 560 00:23:16,480 --> 00:23:24,759 Any concluding items under section 551.042, 561 00:23:24,759 --> 00:23:33,000 this is time to request new metrics items or future agenda 562 00:23:33,000 --> 00:23:36,000 items. 563 00:23:36,000 --> 00:23:38,279 I'll just say I'd make the comment. 564 00:23:38,279 --> 00:23:40,400 I hope that at some point once-- 565 00:23:40,400 --> 00:23:45,119 I know we just had a crew that got back from Florida, 566 00:23:45,119 --> 00:23:46,599 I guess last week. 567 00:23:46,599 --> 00:23:49,559 And so I hope at some point we'll 568 00:23:49,559 --> 00:23:52,519 be able to recognize those folks when they come in. 569 00:23:52,519 --> 00:23:56,400 Because what they do, leave their families 570 00:23:56,400 --> 00:23:58,039 and go where they're needed. 571 00:23:58,039 --> 00:24:02,079 And I know the people in Florida are very appreciative. 572 00:24:02,079 --> 00:24:04,880 They-- I know the last-- 573 00:24:04,880 --> 00:24:06,380 I can't remember which one it was, 574 00:24:06,380 --> 00:24:10,509 but there was one hurricane that they're actually bringing 575 00:24:10,509 --> 00:24:11,359 them-- 576 00:24:11,359 --> 00:24:14,960 the citizens were bringing them baked goods, cookies, 577 00:24:14,960 --> 00:24:18,240 and homemade sandwiches and stuff like that 578 00:24:18,240 --> 00:24:19,319 while they were out there. 579 00:24:19,319 --> 00:24:22,000 So that's-- just go to show you what 580 00:24:22,000 --> 00:24:24,079 that means to people that really are in need. 581 00:24:24,079 --> 00:24:28,529 So hopefully we can get them in and be recognized at some 582 00:24:28,529 --> 00:24:29,160 point 583 00:24:29,160 --> 00:24:30,160 once they get rested up. 584 00:24:33,079 --> 00:24:40,519 Could I request some website data, some website metrics? 585 00:24:40,519 --> 00:24:44,559 I'm interested in knowing how many people view 586 00:24:44,559 --> 00:24:48,640 the stream of our meeting or live. 587 00:24:48,640 --> 00:24:50,200 I'm interested in how many people 588 00:24:50,200 --> 00:24:53,599 view it after the live broadcast. 589 00:24:53,599 --> 00:24:56,920 I know it's posted up there to be viewed later as well. 590 00:24:56,920 --> 00:25:01,599 I'm also interested in how many people download the agenda, 591 00:25:01,599 --> 00:25:05,039 review the agenda and the backup items, maybe even 592 00:25:05,039 --> 00:25:08,480 a metric for prior to the meeting and after the meeting. 593 00:25:11,559 --> 00:25:13,559 It should be-- that should be pretty easy. 594 00:25:13,559 --> 00:25:14,119 Yeah. 595 00:25:14,119 --> 00:25:15,119 Good. 596 00:25:15,119 --> 00:25:15,680 Good point. 597 00:25:15,680 --> 00:25:17,400 That would be really interesting to see. 598 00:25:21,079 --> 00:25:21,680 Thank you. 599 00:25:21,680 --> 00:25:22,319 Yeah. 600 00:25:22,319 --> 00:25:23,279 Thanks. 601 00:25:23,279 --> 00:25:26,359 I had two brief things. 602 00:25:26,359 --> 00:25:33,319 One is it would be nice, since we keep asking about-- 603 00:25:33,319 --> 00:25:36,079 and now I have my own timeline made up 604 00:25:36,079 --> 00:25:42,799 of when we're expecting the consultants to come to us 605 00:25:42,799 --> 00:25:44,960 and then to counsel with their results. 606 00:25:44,960 --> 00:25:49,680 It would be nice to have a tentative timeline, 607 00:25:49,680 --> 00:25:54,039 either posted on the PUB part of the website 608 00:25:54,039 --> 00:26:01,720 or just added on in the agenda as part of the matrix 609 00:26:01,720 --> 00:26:03,039 or something like that. 610 00:26:03,039 --> 00:26:04,640 I'm not quite sure how that could fit in, 611 00:26:04,640 --> 00:26:06,160 but it would be nice to have something 612 00:26:06,160 --> 00:26:09,720 that the public could refer to. 613 00:26:09,720 --> 00:26:10,400 It helps. 614 00:26:10,400 --> 00:26:11,079 That's fine. 615 00:26:11,079 --> 00:26:11,599 Yeah. 616 00:26:11,599 --> 00:26:14,000 To kind of get in your mind, OK, December, we 617 00:26:14,000 --> 00:26:15,240 know we're going to see this. 618 00:26:15,240 --> 00:26:16,920 And spring, we'll see this. 619 00:26:16,920 --> 00:26:17,640 Yeah. 620 00:26:17,640 --> 00:26:20,279 And people could be made aware that this is tentative, 621 00:26:20,279 --> 00:26:21,519 that everything is tentative. 622 00:26:21,519 --> 00:26:25,680 If something comes up, it's subject to change, but that 623 00:26:25,680 --> 00:26:27,440 helps. 624 00:26:27,440 --> 00:26:31,279 And the second thing, I would like 625 00:26:31,279 --> 00:26:35,880 to request for future consideration 626 00:26:35,880 --> 00:26:41,440 that we consider having all proposed expenditures 627 00:26:41,440 --> 00:26:49,039 of $50,000 or more as items for individual consideration. 628 00:26:49,039 --> 00:26:53,720 That was the reason why I asked to pull these three 629 00:26:53,720 --> 00:26:56,000 from the consent agenda, because all three had 630 00:26:56,000 --> 00:27:00,519 a price tag over that amount. 631 00:27:00,519 --> 00:27:03,559 Not just for us, but most importantly, for the public. 632 00:27:03,559 --> 00:27:06,039 I think it rubs the public the wrong way 633 00:27:06,039 --> 00:27:09,519 when they see expenditures of such a large amount 634 00:27:09,519 --> 00:27:11,519 on the consent agenda. 635 00:27:11,519 --> 00:27:14,200 And I think it does a lot of good for them 636 00:27:14,200 --> 00:27:18,559 to see that we're doing our due diligence 637 00:27:18,559 --> 00:27:22,079 and that we're concerned about return on investment. 638 00:27:22,079 --> 00:27:23,759 I think that'll make a big difference. 639 00:27:26,839 --> 00:27:28,680 OK. 640 00:27:28,680 --> 00:27:30,559 Thank you. 641 00:27:30,559 --> 00:27:32,839 All right, very good. 642 00:27:32,839 --> 00:27:40,480 So at this time, we will go into the-- 643 00:27:40,480 --> 00:27:44,640 we'll adjourn the open meeting, first of all. 644 00:27:44,640 --> 00:27:46,039 I guess we need a motion for that. 645 00:27:49,559 --> 00:27:52,920 We'll have a motion and a second. 646 00:27:52,920 --> 00:27:53,960 All in favor say aye. 647 00:27:53,960 --> 00:27:54,960 Aye. 648 00:27:54,960 --> 00:27:58,720 And we will go into a closed meeting, 649 00:27:58,720 --> 00:28:01,920 PUB 17-201, deliberations regarding 650 00:28:01,920 --> 00:28:05,319 certain public power utilities, competitive matters, 651 00:28:05,319 --> 00:28:06,880 under--