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  • MINUTES OF THE REGULAR JOINT MEETING OF THE

    POWER AUTHORITY OF THE STATE OF NEW YORK AND NEW YORK STATE CANAL CORPORATION

    September 25, 2019

    Table of Contents

    Subject Page No. Exhibit

    Introduction 2

    1. Adoption of the September 25, 2019 Proposed 3 Meeting Agenda

    2. Motion to Conduct an Executive Session 4

    3. Motion to Resume Meeting in Open Session 5

    4. CONSENT AGENDA: 6

    a. Governance Matters 7

    i. Minutes of the Regular Joint Meeting of the 7 New York Power Authority’s Trustees and Canal Corporation’s Board of Directors held on July 30, 2019

    b. Power Allocations 8

    i. Proposed Agreement and Service Tariff 8 4b i-A Relating to the Sale of Recharge New York Power and Energy to the Griffiss Business & Technology Park

    ii. Transfer of Recharge New York Power 11 Allocations

    iii. Jacob K. Javits Convention Center Power 14 Purchase Agreements

  • September 25, 2019

    ii

    Subject Page No. Exhibit

    c. Procurement (Services) Contracts 16

    i. Procurement (Services) and Other Contracts – 16 4c i-A Business Units and Facilities – Awards, 4c i-B Extensions and/or Additional Funding

    d. Rate Making 25

    i. Decrease in Westchester County Governmental 25 Customer Rates – Notice of Proposed Rulemaking

    e. Finance 28

    i. Approval of Budget Report for Submission Pursuant 28 4e i-A to Section 2801 of the Public Authorities Law and Agency Procedures

    f. Canal Corporation 30

    i. Procurement (Services) Contract – Canalway Trail 30 from Utica to Dyke Road – Contract Award with Interim Approval

    ii. Procurement (Services) Contract – Canalway Trail 32 from Frankfort to Ilion – Contract Award with Interim Approval

    iii. Procurement (Services) Contract – DeRuyter Dam 34 Rehabilitation – Contract Award with Interim Approval

    5. DISCUSSION AGENDA: 36

    a. Strategic Initiatives

    i. President and Chief Executive Officer’s Report 36 5a i-A

    1. Vision 2030 – Update on NYPA’s Strategic 38 5a i-1-A Planning Process

    b. Utility Operations 41

    i. Chief Operations Officer’s Report 41 5b i-A

  • September 25, 2019

    iii

    Subject Page No. Exhibit

    1. Procurement (Services) Contract – Moses – 42 Adirondack Smart Path Reliability Project – Material Management Services Contract –

    Award Resolution

    2. Procurement (Services) Contract – On-Call 45 Engineering Services – Contract Awards –

    Resolution

    3. Canal Corporation Operation Update 48

    c. Commercial Operations 50

    i. Chief Commercial Officer’s Report 50 5c i-A

    1. Recharge New York Power – Allocation Extensions 52 5c i-1 and Modifications 5c i-1-A; 5c i-1-B

    Resolution

    2. Recharge New York Power Allocations 58 5c i-2-A – 5c i-2-E Resolution

    3. Preservation Power Allocation 64 5c i-3-A; 5c i-3-B Resolution

    4. Replacement Power Allocation 67 5c i-4-A; 5c i-4-B Resolution

    5. Annual Compliance Review – Expansion Power, 71 5c i-5-A – 5c i-5-F Replacement Power and Preservation Power

    Hydropower Programs Resolution

    d. Financial Operations 77

    i. Chief Financial Officer’s Report 77 5d i-A

    6. Board Committee Report: 78

    a. Finance Committee Report 78

    i. Energy Efficiency Program – Authorization to 79 Expand Program Funding and Award Services Contracts to Support the Program

    Resolution PULLED

  • September 25, 2019

    iv

    Subject Page No. Exhibit

    ii. Actions in Support of the Authority’s Customer 80 Energy Efficiency Programs – Allocation and Transfer of Operating Funds and Increase in Borrowing Capacity under a Revolving Credit Agreement

    Resolution

    iii. Appointment of Prequalified Pool of Financial 84 Institutions

    Resolution

    iv. Release of Funds in Support of the New York 87 State Canal Corporation

    Resolution

    7. Presentation: Asset Management ISO 55001 Certification 90 7-A

    8. Next Meeting 92

    Closing 93

  • September 25, 2019

    Minutes of the Regular Meeting of the Power Authority of the State of New York held at the Clarence D. Rappleyea Building, 123 Main Street, White Plains, New York at approximately 9:04 a.m.

    Members of the Board present were:

    John R. Koelmel, Chairman Eugene L. Nicandri, Vice Chairman Tracy McKibben Dennis Trainor

    Dr. Anne Kress – Excused Anthony Picente, Jr. – Excused Michael Balboni – Excused

    ---------------------------------------------------------------------------------------------------------------------------------------------------- Gil Quiniones President and Chief Executive Officer Justin Driscoll Executive Vice President and General Counsel Adam Barsky Executive Vice President and Chief Financial Officer Joseph Kessler Executive Vice President and Chief Operating Officer Sarah Salati Executive Vice President and Chief Commercial Officer Soubhagya Parija Senior Vice President and Chief Risk Officer Robert Piascik Senior Vice President and Chief Information Officer Lee Garza Senior Vice President – Financial Operations Angela Gonzalez Senior Vice President – Internal Audit Kimberly Harriman Senior Vice President – Public & Regulatory Affairs Keith Hayes Senior Vice President – Clean Energy Solutions Yves Noel Senior Vice President – Strategy & Corporate Development Kristine Pizzo Senior Vice President – Human Resources Karen Delince Vice President and Corporate Secretary Daniella Piper Vice President – Digital Transformation Office and Chief of Staff John Canale Vice President – Strategic Supply Management Ruth Colón Vice President – Enterprise Shared Services Ricardo DaSilva Vice President – Strategic Operations Steven Kalashian Vice President – Human Resources & Organizational Development Joseph Leary Vice President – Community & Government Relations Patricia Lombardi Vice President – Project Management Doug McMahon Vice President – Strategy Karina Saslow Vice President – Total Compensation & HRIS Thakur Sundeep Controller Susan Craig Director – Media Relations Christopher Fry Director – Business Development Danny Padron Director of Operations – SENY Tim Zandes Regional Manager – SENY Emily Alkiewicz Manager – Business Power Allocations & Compliance Mary Cahill Manager – Executive Office Dennis Chang Manager – Fuel Supply & Operations Gerard McLoughlin Manager – Business Power Allocations & Compliance Lorna Johnson Senior Associate Corporate Secretary Sheila Quatrocci Associate Corporate Secretary Kate Asher Partner – BuroHappold Engineering

    Chairman Koelmel presided over the meeting. Corporate Secretary Delince kept the Minutes.

  • September 25, 2019

    2

    Introduction

    Chairman Koelmel welcomed the Trustees/Directors and NYPA and Canal staff members who

    were present at the meeting. He also welcomed new Authority staff members Mr. Adam Barsky,

    Executive Vice President and Chief Financial Officer, and Mr. Yves Noel, Senior Vice President of

    Strategy and Corporate Development.

    Chairman Koelmel said that the meeting had been duly noticed as required by the Open Meetings

    Law and called the meeting to order pursuant to the Authority’s Bylaws, Article III, Section 3.

  • September 25, 2019

    3

    1. Adoption of the September 25, 2019 Proposed Meeting Agenda

    Upon motion made by member Tracy McKibben and seconded by member Dennis Trainor, the

    members adopted the meeting Agenda, as amended.

    Conflicts of Interest

    Chairman Koelmel, Vice Chair Nicandri and members Tracy McKibben and Dennis Trainor

    declared no conflicts of interest based on the list of entities previously provided for their review.

  • September 25, 2019

    4

    2. Motion to Conduct an Executive Session

    “Mr. Chairman, I move that the NYPA and Canal Boards conduct an Executive Session to

    discuss the financial and credit history of a particular corporation and the employment of a

    particular person or corporation.” On motion made by member Tracy McKibben and seconded by

    Vice Chair Nicandri, the members held an executive session.

  • September 25, 2019

    5

    3. Motion to Resume Meeting in Open Session

    “Mr. Chairman, I move to resume the meeting in Open Session.” On motion made by Vice

    Chair Nicandri and seconded by member Dennis Trainor, the meeting resumed in Open Session.

    Chairman Koelmel said that no votes were taken during the Executive Session.

  • September 25, 2019

    6

    4. CONSENT AGENDA:

    On motion made by member Dennis Trainor and seconded by member Tracy McKibben, the

    members approved the Consent Agenda.

  • September 25, 2019

    7

    a. Governance Matters:

    i. Approval of the Minutes

    The Minutes of the Regular Joint Meeting of the New York Power Authority’s Trustees and Canal

    Corporation’s Board of Directors held on July 30, 2019 were unanimously adopted.

  • September 25, 2019

    8

    b. Power Allocations:

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