Electric City Power, Incorporated
JOURNAL OF BOARD PROCEEDINGS
May 15, 2006

Electric City Power, Incorporated (The Corporation): Regular meeting of the Board of Directors
Great Falls Civic Center, Gibson Room

CALL TO ORDER: 5:31 PM

ROLL CALL: Directors present: George Golie, Randy Gray, Bob Pancich, and Bill Ryan. Also present were the ECPI Executive Director, City Manager, Administrative Officer, and Fiscal Services Operations Supervisor

  1. EXECUTIVE DIRECTOR REPORT

    Executive Director Balzarini gave a status report of the City’s current efforts before the Montana Public Service Commission (PSC) to transfer its large customer supply license to ECPI. She noted that the PSC has outlined several criteria that need to be met before the transfer is granted. These are: a) to notify the City’s existing customers of the transfer, and b) to establish a financial assurance fund pursuant to Administrative Rules of Montana requirements.

    Balzarini also updated the Board on ECPI’s current petition before the PSC to operate a small customer supply program. The City’s counsel and the Montana Consumer reached an agreement on the size and scope of the program. She noted that it appears the program will be approved and operational in the near future for a limited number of homes and small businesses.

    The Board and staff members then discussed legislative issues surrounding industry re-restructuring.

    Executive Director Balzarini concluded her report with a review of ECPI financial statements for the past month.

  2. OLD BUSINESS
  3. NEW BUSINESS
    1. Approval of Board Meeting Minutes from April 3, 2006.

      Randy Gray moved to approve the Minutes from the Board’s April 3, 2006 meeting. Bill Ryan seconded the motion and the April 3, 2006 minutes were approved unanimously.
    2. Financial Assurance Resolution.

      Executive Director Balzarini presented the resolution and advised the board that it is necessary to satisfy PSC requirements for a small customer supply license. There was brief discussion by the Board before Director George Golie moved that the ECPI Board of Directors recommend that the City Commission adopt the resolution. Director Randy Gray seconded the motion and it was approved unanimously.
  4. BOARD MEMBER REPORTS
  5. COMMUNICATIONS

    The Board briefly discussed that several community members are interested in learning more about an emerging power generation technology called integrated gasification combined cycle or IGCC. A brief paper on the topic was developed and distributed at the meeting.

The Board’s next meeting will be June 5th at 5:30 PM in the Gibson Room of the Great Falls Civic Center.

Chairman Bob Pancich adjourned the meeting at 6:30PM

Agenda Packet ( 791k scanned PDF)
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