Electric City Power, Incorporated (The Corporation): Regular meeting of the Board of Directors
Great Falls Civic Center, Gibson Room
CALL TO ORDER: 5:30 PM
ROLL CALL: Directors present: George Golie, Randy Gray, Bob Pancich, Bill Ryan, and Dawn Willey. Also present were the ECPI Executive Director, City Manager, Assistant City Manager, and Administrative Officer.
Executive Director Balzarini gave an overview of ECP's various proceedings currently before the Montana Public Service Commission (PSC), including the City's effort to transfer its existing license to ECPI (from ECP) and its petition to operate a small customer supply program. The license transfer was rejected without prejudice to allow the PSC to collect additional information. The small customer supply program petition in currently in process.
Balzarini also explained to the Board that they are covered under the City's Director and Officer liability policy. She finished her report with a recap of the Project Finance Team's February 22, 2006 meeting.
The Board unanimously adopted the Board Meeting Minutes from its February 6, 2006 meeting.
The Board reviewed the December 2005 Financials from SME.
Administrative Officer Jordan Love gave a recap of a Mercury Control Short Course he attended on March 1-2, 2006 in Billings, Montana.
The Board briefly discussed a draft of a Development Agreement between the City and SME. Executive Director Balzarini explained the purpose of and need for such an agreement. She noted that City staff and the City's bond counsel would be discussing the Agreement with SME officials on March 13th.
Balzarini briefly discussed the City's proposed cogeneration facility before detailing for the Board two upcoming meetings with SME:
Chairman Bob Pancich adjourned the meeting at 6:30 PM
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