[Call to Order]
[00:00:07]
>> WELCOME TO THE FORT PIERCE UTILITIES REGULAR MEETING DATED JUNE 6, 2023.
PLEASE STAND FOR OPENING -- I'M SORRY. YOU CAN'T HEAR ME? I CAN HEAR MYSELF. PLEASE STAND FOR THE OPENING PRAYER AND THE PLEDGE OF
ALLEGIANCE. >> HEAVENLY FATHER, WE ASK THAT YOU PROVIDE THE QUALITY OF ETHICAL LEADERSHIP TO OUR FPUA BOARD. MAY ALL DECISIONS BE GUIDED BY THE DESIRE TO BE FAIR AND EQUITABLE TO THE UTILITY AUTHORITY AND THE CITIZENS OF FORT PIERCE. PROTECT AND GUIDE US IN JESUS NAME WE PRAY, AMEN.
>> AMEN. >> I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY
AND JUSTICE FOR ALL. >> HI, MS. KOR TESZ. CAN YOU PLEASE CALL THE ROLE?
>> MRS. BENNETT. >> PRESENT. >> MR. FEE.
MR. LAMMERS? >> PRESENT. >> MAYOR HUDSON?
>> PRESENT. >> MRS. GIBBONS. >> PRESENT.
I WOULD LIKE TO ADD THAT MR. FEE IS EXCUSED. HE MAY SHOW UP LATE.
[A. SET THE AGENDA]
ALL RIGHT. MOVING FORWARD, WE'VE GOT TO SET THE AGENDA.ARE THERE ANY QUESTIONS OR ADJUSTMENTS TO IT? CAN I GET A MOTION?
>> APPROVAL. >> SECOND. >> PLEASE CALL THE ROLL.
>> MR. BENNETT. >> YES. >> LAMMERS.
[B. APPROVAL OF MINUTES]
>> YES, MA'AM. >> MRS. GIBBONS. >> APPROVAL OF MINUTES.
EVERYBODY HAVE AN OPPORTUNITY TO LOOK THROUGH THOSE AND ANY ADJUSTMENTS OR CHANGES?
>> MOVE TO APPROVE THE MINUTES. >> SECOND. >> PLEASE CALL THE ROLL.
>> MRS. BENNETT. >> YES, MA'AM. >> MR. LAMMERS.
>> YES, MA'AM. >> MAYOR HUDSON. >> YES, MA'AM.
>> MRS. GIBBONS. >> YES, MA'AM. >> COMMENTS FROM THE PUBLIC? IS THERE ANYBODY HERE TODAY THAT WOULD LIKE TO STAND? NO.
[D. CONSENT AGENDA]
ALL RIGHT. MOVING FORWARD, CONSENT AGENDA? IS THERE ANYTHING ANYBODY WOULDLIKE TO PULL OR HAVE QUESTIONS ON? >> MOVE APPROVAL.
>> SECOND. >> PLEASE CALL THE ROLL. >> MRS. BENNETT.
>> YES, MA'AM. >> MR. LAMMERS. >> YES, MA'AM.
>> MAYOR HUDSON. >> YES, MA'AM. >> MRS. GIBBONS.
[G.1. Power Cost Adjustment for April 2023]
>> YES, MA'AM. >> ALL RIGHT. SO MOVING RIGHT INTO NEW
BUSINESS MR. DIRECTOR? >> GOOD AFTERNOON, MADAM CHAIR AND MEMBERS OF THE BOARD.
WE ONLY HAVE ONE NEW BUSINESS ITEM FOR TODAY. TODAY WE ARE PRESENTING THE PROPOSED POWER COST ADJUSTOR -- ADJUSTMENT PCA FOR JULY. TODAY'S PRESENTATION IS PROJECTIONS FOR AUGUST AND SEPTEMBER, BUT TODAY'S REQUEST IS ONLY FOR JULY.
OVER THE PAST FEW MONTHS WE HAVE BEEN ON A PATH TO REDUCE THE POWER COST ADJUSTMENT BY $5 FROM MAY THROUGH SEPTEMBER. THE BOARD HAS ALREADY APPROVED THE $5 REDUCTION FOR MAY AND JUNE. TODAY WE ARE RECOMMENDING THE -- TO REDUCE THE PCA BY $9.65 FOR JULY AND PROJECTING THE SAME AMOUNT FOR AUGUST AND SEPTEMBER. THIS COMES AT A GOOD POINT FOR OUR CUSTOMERS AS WE ENTER THE SUMMER WHERE CONSUMPTION WILL GO UP.
THE DIRECTOR OF FINANCIAL ADMINISTRATION WILL PRESENT THIS ITEM.
AS SHE COMES UP, I AM WORKING ON A MEMO TO THE BOARD THAT KIND OF OUTLINES HOW THE POWER COST ADJUSTMENT RATE STABLIZATION FUND AND THE DAYS OF CASH ARE ALL CONNECTED AND PROPOSING STRATEGIES FOR THE FUTURE NOW THAT WE HAVE A LITTLE BIT BETTER PROJECTION ON WHAT OUR MONTHLY PURCHASE POWER COSTS WILL BE FOR THE NEXT FEW YEARS BECAUSE WE HAVE HEDGED FUEL.
I HOPE TO GET THAT MEMO DONE BY THE END OF THE WEEK AND DISTRIBUTED TO THE BOARD
MEMBERS. >> THANK YOU, MR. CISNEROS. MADAM CHAIR AND BOARD MEMBERS, GOOD AFTERNOON. I HAVE FOR YOU THE UPDATE ON THE STATUS OF THE APRIL POWER COST ADJUSTMENT. I HAVE UPDATED TABLES AND CHARTS WITH A 12-MONTH PROJECTION WITH FMPA'S FORECAST. THIS TABLE SHOWS THE QUARTERLY IMPACT OF THE POWER COST ADJUSTMENT AND THE CUMULATIVE BALANCE OF THE POWER COST RECOVERY.
OUR GOAL IS TO MAINTAIN A RESERVE THAT WILL ALLOW FOR FLUCTUATIONS AND THE COST OF PURCHASE POWER. THE POSITION OF FPA AND THE BOARD IS TO MAINTAIN A MINIMUM FOR THE RESERVE OF $1 MILLION. RECENT RECOVERIES HAVE HELPED US TO RECOUP THE DEFICITS AND IN OUR EFFORTS TO MAINTAIN A MINIMUM RESERVE AND PROTECTING OUR DAYS OF OPERATING CASH.
DURING APRIL WITH THE PCA AT $39 PER MEGAWATT HOUR, FPUA RECOVERED COSTS OF $1.7 MILLION
[00:05:10]
FOR THE MONTH OF APRIL BRINGING TOTAL COLLECTION TO $2.9 MILLION.THE COST OF POWER THAT WAS PURCHASED FROM FMPA DURING THE MONTH OF APRIL WAS BILLED TO FMPA $34 FOR 1,000 KILOWATT HOURS. THIS WAS THE LARGEST ONE-MONTH DECREASE SINCE THIS FISCAL YEAR BEGAN OF $23.16 COMPARED TO LAST MONTH.
THIS IS LARGELY DUE TO APRIL BEING THE MONTH WHERE THE HEDGING BEGAN, A 75% HEDGE.
THIS GRAPH TRACKS THE CUMULATIVE BALANCE OF THE PCA REKUFRP REIN RE-- RECOVERY FOR THE POWER COST ADJUSTMENT. THE POWER COST ADJUSTMENT IS THE DARK BLUE LINE THAT GOES UP AND DOWN ACROSS THIS CHART HERE. FOR APRIL IT WAS $39 FOR 1,000 KILOWATT HOURS AND IT INCLUDES ALL ADJUSTMENTS TO THE PCA INCLUDING THE MAY AND JUNE $5 REDUCTIONS BRINGING THE PCA CURRENTLY NOW AT DID 29 -- AT $29. THE CURRENT RECOMMENDATION FOR JULY IS $9.65 WHICH WOULD BRING THE PCA TO $19.35 IF THIS IS APPROVED.
THE BARS ON THIS CHART INDICATE THE LEVEL OF THE OVERRECOVERY OF THE POWER COST WITH THE BLUE BARS FROM APRIL OF 21 THROUGH APRIL OF 23 BEING ACTUALS, OVER AND UNDER RECOVERIES.
THE ORANGE BARS WOULD SHOW THE PROJECTED LEVEL OF RECOVERY WITH THE CURRENT FORECASTED NUMBERS.
FMPA'S ESTIMATE OF THE COST OF PURCHASE POWER FOR THE UPCOMING 12 MONTHS HAS DECREASED ALMOST $6 MILLION FOR THE NEXT 12 MONTHS. THE FISCAL YEAR TO DATE AVERAGE FOR 1,000 KILOWATT HOURS THIS FISCAL YEAR TO DATE WAS $101.29. THAT AVERAGE IS EXPECTED TO REDUCE FURTHER BY SEPTEMBER TO ABOUT $91 ON AVERAGE. WITH THE CURRENT PROJECTION FOR A MORE FIXED AND MANAGEABLE COST OF POWER, THE PREVIOUSLY THOUGHT $5 DECREASES WAS SIMPLY NOT ENOUGH TO KEEP THE TOP END OF THE PCA REASONABLE. THIS COMPARISON OF THE REVISION THAT WE ARE NOW SHOWING YOU WITH THE APRIL PROJECTIONS, THE LINES DENOTE THE RANGES OF -- THE DOTTED LINES DENOTE THE RANGE OF THE RATE STABLIZATION AND THE BLUE DASHED LINES AT $1 MILLION AND $5 MILLION THE RED LINE, OF COURSE IT IS HIDDEN HERE, BUT THE RED LINE IS OUR CURRENT PROPOSAL FOR REDUCING THE PCA BY $9.65 IN JULY. THE REDUCTION OF THE PCA CONTINUES WITH ANOTHER $9.65 FOR AUGUST AND FOR SEPTEMBER BRINGING THE PCA IN SEPTEMBER TO ZERO. NO POWER COST ADJUSTMENT AND MAINTAINING THE POWER COST ADJUSTMENT THROUGH THE END -- THROUGH APRIL OF 24 WHERE THIS CHART GOES.
THIS IS THE RED LINE. THE YELLOW LINE PROPOSES A REDUCTION IN JULY OF $8.
THE REDUCTIONS CONTINUE AT $8 FOR AUGUST AND SEPTEMBER BRINGING THE PCA THEN TO $5 WITH ANOTHER $12 IN OCTOBER MAKING THE PCA IN OCTOBER A NEGATIVE NUMBER, A NEGATIVE $SEFP PER -- $SEFP -- $7 PER KILOWATT HOURS. AND THEN THE REDUCTION OF THE POWER COST WHICH REDUCES IT A LITTLE MORE RAPIDLY BECAUSE YOU HAVE A BIGGER REDUCTION OF THE $12 BRINGING YOU THROUGH TO APRIL 24. THE GREEN LINE OFFERS SOME MORE OF WHAT WE ARE PROPOSING TODAY WHICH IS A $10 REDUCTION WITH $10 REDUCTIONS FOR BOTH THE MONTH OF AUGUST AND SEPTEMBER AND AN ADDITIONAL $5 IN OCTOBER BRINGING THE PCA TO A NEGATIVE $6 AND THAT IS THE TREND OF THE GREEN LINE THROUGH APRIL OF 24 AND MAINTAINING THE PCA AT A NEGATIVE 6.
WHILE THE RED LINE PROPOSED PROVIDES A MORE GRADUAL APPROACH, ALL OF THE SCENARIOS SHOWN HERE PROVIDE STABLIZATION AND SAFEGUARD OUR CUSTOMERS FROM ANY SUDDEN INCREASES AND POSITIONING THE POWER COST RESERVES FOR APRIL OF 2024 WHEN THE PERCENTAGE OF HEDGE REDUCES TO 50%. THE STAFF MONITORS THIS COST OF POWER AND THE IMPACT ON THE PCA WITH EACH MONTHLY FORECAST UPDATE THAT WE RECEIVE AND WE REPORT TO THE BOARD MONTHLY TO
[00:10:04]
MAKE RECOMMENDATIONS. TODAY STAFF IS RECOMMENDING TO REDUCE THE PCA BY $9.65 EFFECTIVE JULY 1ST. THAT'S PER 1,000 KILOWATT HOURS AND REDUCING THE PCA FROM 29 TO $19.35 AND THAT WOULD BE EFFECTIVE JULY 1ST. THIS HAS BEEN PRESENTED FOR YOURCONSIDERATION AND APPROVAL AS YOU SEE FIT. >> I DO HAVE A QUESTION, JUST A QUICK -- WHY $9.65 AND NOT JUST ROUNDING TO THE 10? I SEE WE HAVE THE 10, BUT THAT
WOULD BE WITH AN ADDITIONAL 5. >> THREE INCREMENTS OF THE $9.65 AND ACTUALLY ONE IS $9.70 AND THAT IS TO GET IT TO ZERO IN SEPTEMBER. $9.65 THREE TIMES WOULD LEAVE A NICKEL ON THE TABLE, JUST TO EVEN IT UP FOR THE THREE MONTHS IT WAS DIVIDED BY THREE.
>> AS YOU RECALL LAST YEAR, WE INCREASED SHARPLY IN ONE MONTH AND THEN DECREASED SHARPLY IN THE FOLLOWING MONTH. WE ARE TRYING TO AVOID GOING SHARP VERY, VERY DRASTIC IN EITHER DIRECTION. THIS IS -- THE $9.65 WAS TO GET US TO ZERO.
A LITTLE CAUTIOUS ABOUT GOING TO A NEGATIVE PCA BECAUSE IT IS TOO FAR OUT FOR US TO REALLY MAKE THAT DRASTIC OF A CALL. THE SCENARIO IS A VALID WAY TO AT LEAST CONSIDER THOSE POTENTIAL DECREASES TO A NEGATIVE PCA. I FEEL VERY COMFORTABLE AND THE STAFF FEELS COMFORT -- COMFORTABLE WITH THE $9.05 TO GET IT TO A ZERO PCA.
THIS IS JUST THIS JULY. WE COULD COME BACK AND IT COULD BE A SMALLER OR LARGER DECREASE.
WE FEEL CONFIDENT THAT FMPA'S PROJECTIONS ARE PRETTY ACCURATE BECAUSE OF THE WAY THEY ARE DOING THEIR CALCULATIONS SLIGHTLY DIFFERENT THAN THEY DID LAST YEAR.
>> WE HAVE A LITTLE MORE CONTROL NOW TO SEE WHAT THE NUMBERS ARE ACTUALS BECAUSE WE HAVE THEM
LOCKED IN. >> THAT'S EXACTLY THE POINT. DIFFERENT FROM LAST YEAR BECAUSE WE ARE HEDGING NOW APRIL THROUGH MARCH. THE FOLLOWING YEAR APRIL THROUGH MARCH AS WELL AT A SLIGHTLY DIFFERENT PERCENTAGE. AS A RECAP, APRIL THROUGH MARCH FOR THIS YEAR IS AT 75% OF OUR FUELS HEDGED. NEXT YEAR APRIL THROUGH MARCH 24 THROUGH 25 IS 50% OVER FUELS HEDGED. IT IS A WAY OF PROTECTING THE CUSTOMER FROM FLUCTUATIONS AND NATURAL GAS PRICES WHICH ULTIMATELY RESULT IN A HIGHER
PURCHASE POWER COST. >> I'M WITH YOU. THIS IS THE FIRST TIME I HAVE EVER SEEN NOT AN EVEN NUMBER, DOLLAR. I'M GLAD YOU ASKED THAT.
$9.65, HOW DID THEY COME UP WITH THAT? THERE IS NOTHING WRONG WITH DOING SOMETHING DIFFERENT. NOTHING WRONG. HER EXPLANATION WAS
UNDERSTANDABLE AND APPRECIATED. >> ANY FURTHER QUESTIONS? >> ARE YOU READY FOR A MOTION?
>> MADAM CHAIR? I DO HAVE A COUPLE QUESTIONS. MAYBE JUST ONE.
SO WHAT WOULD STOP US FROM -- INSTEAD OF SPREADING -- AND AGAIN, THIS COMMENT IS DRIVEN BY
THE FACT THAT WE ARE HEDGED AT 75%, CORRECT STP. >> YES, SIR.
WHAT WOULD STOP US FROM DECREASING THE PCA MORE NOW AND NOT SPREADING IT OVER THE THREE MONTHS. I AM IN FAVOR IF WE ARE GOING TO CONTINUE TO DECREASE THE PCA AND DECREASING IT TOWARD ZERO AND NOT GOING TO NEGATIVE. A LITTLE GUN SHY TO GO NEGATIVE BECAUSE OF THE SITUATION WE FOUND OURSELVES IN LAST YEAR. BUT I AM A BIG FAN OF DECREASING IT A LITTLE BIT MORE AGGRESSIVELY NOW ON THE FRONT END BECAUSE WE ARE IN THE MIDDLE OF THE HEAT OF THE SUMMER AND WE CAN HELP PROVIDE SOME RELIEF NOW INSTEAD OF WAITING FOR THAT LAST DECREASE TO BE IN SEPTEMBER. SO MAYBE INCREAING IT TO, I DON'T KNOW, MAYBE $15 NOW AND
THEN REASSESSING NEXT MONTH. >> I THINK ONE OF THE SCENARIOS BARBARA CAN REMIND ME HERE, I THINK WE CONSIDERED A $12 REDUCTION, RIGHT? WE HAVE A $12 REDUCTION WITH A -- WITH YOUR $6 OR $8 THE FOLLOWING MONTH. IT IS ABSOLUTELY THE PLEASURE OF THE BOARD IF WE RUN INTO NUMBERS THAT ARE TOO HIGH, WE WOULD DEFINITELY CAUTION THE BOARD.
IF WE DID EVALUATE THE $12 REDUCTION, BUT WE FELT THAT IT IS GIVING US A LITTLE MORE TIME TO MAKE SURE THE BILLS WE GET FROM FMPA ACTUALLY FOLLOW THE PLAN THAT THEY WANT TO EXECUTE
[00:15:10]
AND WE ARE JUST KPWAOEG -- JUST BEING A LITTLE CAUTIOUS INTERNATIONALLY.ARE YOU ABSOLUTELY RIGHT. WE ARE GONNA BE AT THE $6.5 MILLION MARK.
WE COULD BE A LITTLE MORE AGGRESSIVE, BUT I I WOULDN'T GO HIGHER THAN A $12 REDUCTION.
I WOULDN'T RECOMMEND ONE FOR NOW. IF YOU DID CONSIDER ANOTHER
NUMBER OTHER THAN $9.65. >> SO STAFF IS ALREADY THINKING IN THAT DIRECTION A LITTLE BIT
PREVIOUSLY. I AM A FAN OF THE $12 -- >> A $12 REDUCTION, THREE 12'S WOULD PUT US WITH THIS GREEN LINE LOWER. SO IT WOULD REDUCE QUICKER.
IT WOULD BE SOMEWHERE BELOW THE GREEN LINE? >> JUST TO CLARIFY, I AM NOT A FAN OF THE $12 REDUCTION FOR THREE MONTHS STRAIGHT. I'M JUST -- INSTEAD OF DOING 965 FOR THREE MONTHS STRAIGHT MAYBE DO $12 AND THEN $6 NEXT MONTH. SO AGAIN WE ARE ON THE SAME END
GOAL, BUT A LITTLE BIT MORE OF IT LOADED UP FRONT. >> SO THE $9.65 APPROACH WAS JUST TO FOLLOW THE UH UH-HUH -- APPROACH WE HAD WITH THE SAME INCREASES OVER EACH MONTH.
WE CAN DEFINITELY TAKE A SIMILAR APPROACH, JUST DIFFERENT AMOUNTS FOR THE THREE MONTHS.
I DO FEEL FAIRLY STRONGLY THAT OUR END GOAL WITH THE CURRENT PROJECTIONS, ASSUMING NOTHING CHANGES TOO DRASTICALLY SHOULD BE A PCA OF ZERO AND NOT A NEGATIVE PCA, BUT MAYBE WE CAN
GET A LITTLE BIT MORE OF THAT NOW. >> IT IS THE PLEASURE OF THE
BOARD IF THAT'S THE RECOMMENDATION. >> I THINK INITIALLY WE HAD GUIDED THEM THAT WE WANTED IT TO GO UP THE SAME LEVEL THAT IT CAME BACK DOWN SO THAT THERE WEREN'T ANY HUGE SWINGS. I THINK THAT'S PROBABLY WHY THEY WERE ALSO TRYING TO STAY BECAUSE
INITIALLY IT WAS SUPPOSED TO BE $5 I BELIEVE. >> SO THIS RECOMMENDATION IS
EXACTLY WHAT WE ASKED THEM TO DO PREVIOUSLY. >> I SORT OF THINK THAT WE COULD
DO $10 THIS TIME. >> OKAY. >> $10.
I WOULD BE WILLING TO GO TO $10, BUT IT'S JUST -- I WOULD BE WILLING TO -- I HEAR WHAT YOU'RE SAYING AND I JUST DON'T KNOW IF WE SHOULD GO TO 12. I WOULD BE VERY -- I WOULD
SUPPORT $10. >> AT THE END OF THE DAY I'M GLAD WE'RE REDUCING IT.
>> CAN YOU BELIEVE WE'RE TALKING ABOUT THIS? >> YEAH.
FOR SURE. AND THE FACT THAT WE HAVE THE -- IF YOU LOOK BACK TWO YEARS AND WHERE WE ARE RIGHT NOW, WE ARE STABILIZED AGAIN. WHEREAS LAST YEAR THE VOLATILITY WAS ALL OVER THE PLACE. I DEFINITELY AM GLAD TO BE HAVING THIS CONVERSATION.
>> INSTEAD OF HOW MUCH SHOULD WE RAISE IT? >> RIGHT.
>> I THINK THE ULTIMATE GOAL -- I'M SORRY. >> NO PROBLEM.
I'M LOOKING HERE AND $9.65 TIMES 3 IS $28.95. SO IF WE DO THE 10, 10 AND THEN
DO $8.95 FOR THE LAST ONE, WE WOULD STILL BE AT ZERO. >> WE CAN DEFINITELY TAKE THAT APPROACH. THE OVERALL INTENT WAS TO ULTIMATELY FIND A BETTER WAY TO SIMPLIFY THE ENTIRE PROCESS. AND THAT'S WHAT WE WERE TPRAU POSE -- PROPOSING IS TO TRY TO STAGE THE INCREASES OVER TIME RATHER THAN SHARPLY GOING ONE DIRECTION OR THE OTHER.
IT PROTECTS THE CUSTOMER AND IT PROVIDES A LITTLE LONG-TERM PLANNING FOR THE BOARD AND
STAFF. >> AND WE ARE JUST DOING IT FOR ONE MONTH.
WE HAVE THE OPTION OF WHATEVER WE NEED TO DO FOR THE FOLLOWING MONTHS.
AND WHICH MONTHS ARE WE TALKING ABOUT NOW? >> JULY.
>> AND ALSO THAT'S THE SMOOTH DECREASE THAT WE WOULD WANT, BUT IT $1.05 ON THE LAST ONE AND IT WILL BE A SMOOTH TRANSITION FOR THE DECREASE AND THEN STK-S -- AND THEN $8.95.
>> DO I HAVE A MOTION? >> I MAKE A MOTION THAT WE DO IT AT $10 AND THEN $10 AND THEN
$8.95. >> WE ARE DOING JUST JULY? >> OKAY, $10.
>> I'LL SECOND THAT. >> PLEASE CALL THE ROLL. >> MRS. BENNETT?
>> YES, MA'AM. >> MR. LAMMERS? >> YES, MA'AM.
>> MAYOR HUDSON? >> YES, MA'AM. >> MRS. GIBBONS.
>> YES, MA'AM. >> YAY. I FEEL IT TOO.
[00:20:04]
>> WE WILL, YES. THE COMMUNICATIONS TEAM WILL MAKE SURE -- YES.
[J. DIRECTOR]
>> THAT'S GREAT NEWS. >> MOVING FORWARD WE ARE ON TO DIRECTOR NOTES.
>> YES, MA'AM. A COUPLE OF UPDATES HERE FPUA RECEIVED THE 2023 REVIEW FROM THE FINCH RATING AGENCY AND WE HAD A NO CHANGE IN OUR RATING SO WE MAINTAINED AN A-RATING WHICH IS GOOD NEWS FOR THE ORGANIZATION. WE HAD A SECOND MEETING WITH THE STRATEGIC PLANNING CONSULTANT. HE HAD GOOD FEEDBACK ABOUT THE INTERACTION WITH THE BOARD AND THE INTERACTION WITH THE TEAM. EARLIER TODAY WE RECEIVED THE DRAFT OF THE PROPOSED GOALS AND STRATEGIES FROM OUR CONSULT AT THE PRESENT TIME AND HE DEVELOPED THAT WITH AND WE HAVE AN ONLINE SURVEY FOR THE BOARD. AND WE CAN GET SOME INITIAL FEEDBACK ON THE VISION, MISSION AND VALUES. THE SURVEY WILL OPEN UP ON JUNE 26TH AND CLOSES ON JULY THIRD. SO WE HOPE EVERYBODY CAN PARTICIPATE IN THAT ONLINE SURVEY. WE WILL BE WORKING ON THE AGENDA FOR THE JUNE 21ST WORKSHOP.
ONCE WE FINALIZE THE AGENDA, WE WILL SCHEDULE SOME TIME FOR THE BOARD MEMBERS TO REVIEW THE AGENDA AND ANSWER ANY MEETINGS. THE MEETING FOR JULY 4TH WILL BE CANCELED BECAUSE THAT IS A HOLIDAY. AND THE NEXT OFFICIAL MEETING IS JULY 20TH AT 2:00 BECAUSE MONDAY IS A HOLIDAY. SO THE CITY MOVES THEIR MEETING FROM MONDAY TO TUESDAY AND WE WILL HAVE OUR MEETING ON THE 20TH AT 2:00. A LITTLE BIT OF A NATURAL GAS UPDATE. NATURAL GAS HAS BEEN HOVERING AROUND $2.26 FOR MMBTU AND LET'S SEE HERE. SOME OF THE PROJECTIONS -- THE FUTURE PROJECTIONS FOR THE NEXT FIVE TO SIX MONTHS ARE PRETTY LOW, BUT THERE ARE SOME UPPED CATERS -- INDICATOR THAT'S SHOW A STRONGER DEMAND WITH NEW REDUCTIONS IN THE SUPPLY. THE LATEST REPORT SHOWS A DECLINE IN THE ACTIVE OIL RIGS THAT ARE AVAILABLE. THERE ARE SEVERAL MAINTENANCE PROJECTS SCHEDULED FOR LATER THIS YEAR. WHAT THAT MEANS IS IF SUPPLY REDUCES AND DEMAND GOES UP, THAT OBVIOUSLY IMPACTS THE PRICE OF GAS.
JUST A LITTLE BIT OF AN UPDATE, TOMORROW STAFF WILL PRESENT AN UPDATE TO -- AN UPDATE STATUS ON THE NEW WASTE WATERY LOCATION -- WATER RELOCATION PROJECT TO THE ADVISORY COMMITTEE.
JUST WANT TO REMIND THE BOARD MEMBERS THAT IT IS OPEN TO THE PUBLIC.
THE MEETING IS AT THE ENERGY SERVICES CENTER AND IT STARTS AT 4:00.
YOU CAN INVITE THE BOARD MEMBERS AND THE CITY COMMISSION TO ATTEND.
>> TOMORROW? >> TOMORROW. IT IS THE THIRD THURSDAY -- THE FIRST THURSDAY OF EVERY MONTH. THANK YOU GUYS. AND ONE LAST THING IS WE ARE WORKING ON AN INTERNAL NEWS NEWSLETTER THAT RECOGNIZES YEARS IN SERVICE AND GRADUATING FROM COLLEGE. I CAN'T WAIT FOR THE NEWSLETTER TO COME OUT AND CONGRATULATE DR.
ON SATURDAY SHE OFFICIALLY GRADUATED WITH HER JD FROM LAW SCHOOL.
I WOULD RECOMMEND CALLING 9-1-1 IN THE EVENT OF A MEDICAL EMERGENCY.
>> YEAH, YEAH, YEAH. RIGHT. DO WE HAVE TO CALL HER DR. NOW?
>> I SEE MR. CRAWFORD -- HE WAS HERE. HE COMPLETED 25 YEARS OF SERVICE AND CONGRATULATIONS TO MR. CRAWFORD. THAT'S ALL I HAVE.
>> THANK YOU. >> ANYTHING, MS. ATTORNEY? >> NOTHING FROM LEGAL, BUT I
BELIEVE IT IS ESQUIRE AND NOT DOCTOR. >> WELL, I'M NOT GONNA CALL HER
THAT. >> I DON'T BLAME YOU. SO NOTHING FURTHER THERE.
[L. COMMENTS FROM BOARD MEMBERS]
COMMENTS FROM THE BOARD? >> MADAM CHAIR? I DO HAVE ONE THING.
I GOT AN INTERESTING CALL FROM A CUSTOMER I THINK IT WAS LAST WEEK.
HE HAD A SALESMAN FOR SOLAR INSTALLER THERE AT HIS DOOR CLAIMING THEY HAD A RELATIONSHIP WITH US AND THAT THEY REPRESENTED US IN SOMEWAY AND TRYING TO SELL THEM A SOLAR SYSTEM. A LOT OF HIS FACTS WERE NOT FACTS AT ALL.
FROM WHAT MR. CISNEROS AND I WERE DISCUSSING BEFORE THE MEETING IS WE HAVE HAD SOME COMMUNICATION WITH THE PUBLIC AND SOME PSA AND WE DON'T A RELATIONSHIP.
[00:25:09]
AND I THINK WE PUBLISHED LAST WEEK AND THE SOLAR FOLKS AND SOLAR VENDORS AND WE ARE NOT PARTNERED WITH ANY SOLAR VENDORS FOR LOCAL, RESIDENTIAL AND SOLAR PANELS.WE DO IT ON A LARGE SCALE, LIKE THE BOARD RECENTLY APPROVED FOR THE FMPA SOLAR 3 PROJECTS.
WE DO IT ON A LARGE SCALE TO HAVE THE ECONOMY AT SCALE. WE DON'T PARTNER WITH ANY LOCAL
VENDORS. >> AND I WANT TO MENTION I SPOKE WITH MR. RUTHERFORD, BUT I LEFT A VOICEMAIL FROM HIM EXPECTING TO HEAR BACK FROM HIM THAT FOLLOWING DAY.
NO. HE CALLED ME BACK THAT EVENING. HE LET ME KNOW THAT THEY WERE AWARE OF THE SITUATION AND THEY WERE TAKING STEPS TO TRY TO HELP MITIGATE THAT.
THE SYSTEMS ARE EXPENSE TIFF -- EXPENSIVE. THEY ARE $30,000, $40,000 TO INSTALL. TO BE SOLD A BILL OF GOODS THAT ARE BASED ON LIES, I WAS PRETTY UPSET. THE SALESMAN WAS STILL THERE AND I STARTED OUT NEGATING THE FACTS AND BY THE END I WAS A LITTLE BELLIGERENT. I MEAN, THEY ARE TAKING ADVANTAGE OF PEOPLE WITH LIES. IT IS IMPORTANT THAT WE DO WHATEVER WE CAN TO KEEP THAT
FROM HAPPENING. >> YES, SIR. WE WILL.
WE WILL CONTINUE TO DO THAT. >> IT SEEMS TO BE A VERY AGGRESSIVE SALES PITCH.
MY IN LAWS HAD SOMEBODY AT THEIR HOUSE NOT TOO LONG AGO. >> YEAH.
THAT'S GREAT. >> ANYBODY ELSE HAVE ANYTHING THEY WOULD LIKE TO --
>> I WOULD JUST LIKE TO CONGRATULATE MS. TENANT. >> CONGRATULATIONS.
>> CONGRATULATIONS. >> WE ARE PROUD OF YOU. >> QUITE THE FEET.
>> I JUST WANT TO CHECK THE SCHEDULE FOR JULY. JULY WE GO TO THE CONFERENCE.
>> YES, MA'AM. >> ONE OF THOSE MEETINGS WE WILL NOT BE HAVING.
>> JULY 18TH WE WILL HOLD. >> YOU WILL? >> CONFERENCE DOESN'T START
UNTIL THE NEXT DAY. >> OKAY. >> AND WE ARE GOING TO HAVE THE JULY 18TH MEETING AT 2. SO HOPEFULLY WE CAN -- YOU KNOW, FOR THOSE LEAVING A LITTLE EARLY
CAN GET OUT AND STILL MAKE THEIR >> AND THAT IS THE ONE IN ST. PETERSBURG.
>> ST. PETERSBURG? >> YES. >> AND WILL SOMEBODY BE MAKING
OUR RESERVATIONS? >> I THINK THOSE ARE TAKEN CARE OF.
>> I WILL BE SENDING -- >> WHEN AM I GOING? >> YOU WILL BE LEAVING ON THE
19TH AND RETURNING ON THE 21ST. >> WE WILL MAKE SURE TO SEND OUT
ADDITIONAL DETAILS FOR TRAVEL ARRANGEMENTS. >> DO YOU PROVIDE THE TAX EXEMPT
STATEMENT OR DO WE HAVE TO BRING THAT? >> YEAH.
>> THAT MEETING IS 2 P.M. >> JUNE 20TH IS -- >> JUNE 20TH IS REGULAR 4:00
I THOUGHT. THE JUNE 16TH -- >> THE DAY BEFORE IS JUNETEENTH
AND THAT IS A FEDERAL HOLIDAY. >> YES, YOU'RE RIGHT. >> SO THE COMMISSION DOESN'T MEET. IT IS A HOLIDAY. IT IS JUNE.
HE SAID JULY, BUT IT IS JUNE. >> YES. >> IT IS JUNE.
YEAH. SO WE HAVE TWO MEETINGS THAT DAY, THE 20TH.
FOR US IT IS VERY, VERY LONG. YOU ARE WELCOME TO STAY UNTIL MIDNIGHT WHEN WE GET TO GO HOME
IF YOU WOULD LIKE. >> IT IS GOING TO BE A LONG ONE. >> YOU WILL BE OUT OF SCHOOL NO
PROBLEM, RIGHT? >> YEAH. JULY 20TH WILL BE IN THE
MIDDLE OF THE CONFERENCE. I MEANT JUNE 20TH. >> I JUST HAD A QUESTION.
HOW ARE THINGS GOING WITH PROCUREMENT LATELY? HAVE YOU GUYS SEEN ANY KIND OF ALLEVIATION IN TIMELINES OR BEING ABLE TO GET AHOLD OF SPECIFIC --
>> SO WE'VE HAD -- WE STILL HAVE A LONG LEAD TIME ESPECIALLY ON THE TRANSFORMERS AND THE WIRE.
WE'VE BEEN DOING SOME INTERNAL EVALUATIONS OF TRANSFORMERS THAT ARE MAYBE UNDER UTILIZED AND SWITCHING THEM OUT. WE WERE ABLE TO RESTOCK OUR STORE STOCK.
LEAD TIMES ARE STILL AN ISSUE FOR US. I DON'T HAVE SPECIFIC DETAILS, BUT I CAN FOLLOW-UP WITH YOU. I WILL LET YOU KNOW OF ANY EMERGENCY PURCHASES WE HAVE FOR
ADDRESSING SUPPLY CHAIN ISSUES. >> YOU KNOW, THERE -- I HAVE NOTICED IT.
WE ARE NOT HAVING AS MANY ISSUES I WAS HOPING THE TRICKLE DOWN WAS THERE.
[00:30:02]
>> ON THE SPECIAL TERBL -- MATERIALS LIKE COPPER THAT GOES TO TRANSFORMERS, SPECIALTY METALS ARE STILL AN ISSUE FOR THE SUPPLY CHAINS. THEY DON'T SPECIFICALLY COME OUT
OF -- THEY SPECIFICALLY COME OUT OF ASIA. >> THAT'S RIGHT.
>> MA'AM? >> YES. THIS IS AN INDUSTRY ISSUE FOR
ALL UTILITIES. >> ALL RIGHT. ANYTHING FURTHER?
>> ALL RIGHT. MEETING ADJOURNED. THAN
* This transcript was compiled from uncorrected Closed Captioning.