MSR Public Power Agency MEETING OF THE COMMISSION Wednesday, November 28, 2018, 12:00 p.m. Navigant Consulting, Inc. 35 Iron Point Circle, Suite 225 Folsom, CA 95630 AGENDA Distribution: Commissioners & Alternate Commissioners Others Modesto: James McFall (President) Steve Gross Martin Caballero (Alt) Alan Hockenson Martin Hopper 1 Scott Van Vuren Jill De Jong Ana Vigil Cindy Worley Toxie Buriss Santa Clara: Pat Kolstad 2 (V.P) John Roukema Alan Kurotori (Alt) Ann Hatcher Kathleen Hughes Deanna Santana Teresa O’Neill Redding: Dan Beans 3 Ann Czerwonka 3 Nick Zettel (Alt) Valerie Ibarra Tara Mikkelsen 3 Carmen Bahr 1 Please post agenda 2 Please post agenda 3 Please post agenda Updated 1/2018
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MSR Public Power Agency€¦ · Navigant Consulting, Inc. 35 Iron Point Circle, Suite 225 Folsom, CA 95630 AGENDA Distribution: Commissioners & Alternate Commissioners Others Modesto:
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MSR Public Power Agency
MEETING OF THE COMMISSION
Wednesday, November 28, 2018, 12:00 p.m. Navigant Consulting, Inc.
James McFall (President) Steve Gross Martin Caballero (Alt) Alan Hockenson Martin Hopper1 Scott Van Vuren Jill De Jong Ana Vigil Cindy Worley Toxie Buriss Santa Clara: Pat Kolstad2 (V.P) John Roukema Alan Kurotori (Alt) Ann Hatcher Kathleen Hughes
Deanna Santana Teresa O’Neill Redding: Dan Beans3 Ann Czerwonka3 Nick Zettel (Alt) Valerie Ibarra Tara Mikkelsen3 Carmen Bahr
1 Please post agenda 2 Please post agenda 3 Please post agenda Updated 1/2018
M-S-R Public Power Agency
MEETING OF THE COMMISSION
Wednesday, November 28, 2018, 12:00 Noon Navigant Consulting, Inc.
35 Iron Point Circle, Suite 225 Folsom, California
AGENDA Any member of the public who desires to address the Commission on any item considered by the Commission at this meeting before or during the Commission’s consideration of that item shall so advise the Chair and shall thereupon be given an opportunity to do so.
CALL TO ORDER
ROLL CALL
CONSENT ITEMS 1 – 6 (All items are approved by a single action)
There will be no separate discussion of those items unless an item is removed at the request of any Commissioner or member of the public. Those items removed will be separately considered at the end of the consent agenda.
1. Minutes of September 19, 2018
2. Report of Summary invoices paid for September – October 2018 totaling $6,948,002.72 (summary attached)
3. September and October 2018 Treasurer’s Reports (attached, Scott VanVuren)
4. November 2018 WREGIS REC Transfers Status Report (attached, Martin Hopper)
5. November 2018 Outside Services Budget Versus Actual Report (attached, Martin Hopper)
6. Discussion and Possible Action Regarding Amendment to Audit Engagement Agreement with Baker Tilly Virchow Krause, LLP (attached, Martin Hopper)
END OF CONSENT ITEMS
ACTION ITEMS 7 - 11:
7. Status Reports (attached, Alan Hockenson)
a. San Juan Project Status Report
b. Pacific Northwest Projects Status Report
8. November 2018 General Manager Report (attached, Martin Hopper)
9. Discussion and Possible Action Regarding 2019 M-S-R PPA Budget (attached, Martin Hopper)
M-S-R Public Power Agency Commission Agenda Page 2 September 19, 2018
2018 MSR PPA Commission Meeting Agenda
10. Discussion and Possible Action Regarding 2019 M-S-R PPA Meeting Dates (attached, Martin Hopper)
11. Discussion and Possible Action Regarding Resolution 2018-04 Honoring Patrick Kolstad (attached, Martin Hopper)
CONVENE CLOSED SESSION:
a. Existing Litigation: Government Code §54956.9 (d)(1) – 4 Cases (NM-PRC Case No. 17-000174-UT, BP-16-BPA, BP-18-BPA, BP-20-BPA)
b. Decision on Whether to Initiate Litigation: Government Code Section 54956.9(d)(4) – one case
c. Public Employee Performance Evaluation: Government Code §54957 – General Manager
RECONVENE OPEN SESSION
ANNOUNCEMENTS FOLLOWING CLOSED SESSION
MEMBER REPORTS
PUBLIC COMMENT
CONFIRM DATE AND TIME OF NEXT MEETING
ADJOURN
ALTERNATE FORMATS OF THIS AGENDA WILL BE MADE AVAILABLE UPON REQUEST TO QUALIFIED INDIVIDUALS WITH DISABILITIES.
Page 1 of 3
M-S-R PUBLIC POWER AGENCY DRAFT MINUTES
MEETING OF THE COMMISSION SEPTEMBER 19, 2018
The Commission of the M-S-R Public Power Agency (M-S-R PPA) met on September
19, 2018 at the offices of Navigant Consulting, Inc. (NCI), 35 Iron Point Circle, Suite
225, Folsom, CA, 95630. Present from Modesto Irrigation District (MID) were Scott
Furgerson, Greg Salyer, James McFall, amd Martin Caballero; present from Santa Clara
were John Roukema and Pat Kolstadt; present from Redding were Bill Hughes and
Nathan Aronson. Also present were General Manager Martin Hopper, Consultant Alan
Hockenson, and General Counsel Steve Gross. President McFall called the meeting to
order at 12:29 P.M. A quorum was attained with the voting representatives being Mr.
McFall, Mr. Kolstad, and Mr. Hughes.
The Commission then considered approval of the Consent Calendar Items. It was moved
by Commissioner Kolstad and seconded by Alternate Commissioner Hughes to approve
the Consent Calendar consisting of Items 1, 2, 3, 4, and 5 as listed below. The motion
carried unanimously.
1. Minutes of July 18, 2018 – approved.
2. Report of Summary invoices paid for July-August 2018 totaling $8,669,669.08 –
noted and filed.
3. July and August 2018 Treasurer’s Report – accepted.
4. September 2018 WREGIS REC transfers Status Report – noted and filed.
5. September 2018 Outside Services Budget Versus Actual Report and Mid-Year
Budget Review – noted and filed.
Mr. Hopper then presented the General Manager Report and entertained questions
thereon. Mr. Hopper reviewed the Agency’s Organization Chart and reminded the
Members that any personnel changes needed to be in writing so a proper record can be
kept. California Fair Political Practices Commission Form 700 must be filed by
individuals both entering and exiting their positions. In response to a question, Mr.
Gross indicated that the Form 700 obligation applies to temporary (one-meeting)
Page 2 of 3
assignments as well. Mr. Hopper also indicated by 2019, there will be an electronic
system to manage the Form 700 process which should ease the administrative burden.
Mr. Hopper briefly addressed the project status reports. Mr. Hopper noted that 2018 is
turning out to be a good year for wind energy production.
Mr. Hopper presented the draft 2019 Strategic Plan as reviewed by the Technical
Committee. Mr. Hopper indicated there had been substantial revision to reflect the
divestiture of the San Juan Project with the retention of certain legacy liabilities. Many
of the supporting functions had been simplified including legal and regulatory activities.
In addition, the number of operating procedures were simplified or eliminated. All
efforts supporting the San Juan Project are ramping downward. Mr. McFall commented
favorably on the direction of the Strategic Plan. It was moved by Commissioner Kolstad
and seconded by Commissioner Hughes to Adopt the M-S-R PPA 2019 Strategic Plan.
The motion carried unanimously.
Mr. Hopper presented Resolution No. 2018-02 Regarding Late Payment Policies. Mr.
Hopper outlined the need to update the Late Payment Policies to resolve inconsistencies
between the 1994 policy and the requirements of more recent agreements. Resolution
2018-02 would resolve those inconsistencies and grant the General Manger the authority
to waive penalties not exceeding $5,000. It was moved by Commissioner Kolstad and
seconded by Alternate Commissioner Hughes to approve Resolution 2018-02 Regarding
Late Payment Policies. The motion carried unanimously by roll call vote.
Mr. Hopper then presented Resolution 2018-03 Regarding Policies and Procedures
Manual Update as reviewed by the Technical Committee. Mr. Hopper noted the Policies
and Procedures Manual was originally created in 2014 and was scheduled to be updated
annually. In 2017, the schedule of updates was revised to a biennial basis in even
numbered years. Mr. Hopper noted there had been a substantial reordering of topics in
2018 and the List of Exhibits had been updated and reordered. Mr. Hopper asked the
Member utilities to update the distribution list for this document and identify individuals
that would prefer an electronic version rather than the voluminous hard copy. It was
moved by Alternate Commissioner Hughes and seconded by Commissioner Kolstad to
Page 3 of 3
approve the Policies and Procedures Manual Update - Resolution 2018-03. The motion
carried unanimously by roll call vote.
The Commission then retired into Closed Session pursuant to Government Code Section
PRC Case No. 17-000174-UT, BP-16-BPA, BP-18-BPA, BP-20-BPA) at 12:50 P.M. In
addition, the Commission conducted pursuant to Government Code Section
51956.9(d)(4) – Conference with Legal Counsel – Decision on Whether to Initiate
Litigation – 1 Case. Upon the conclusion of the Closed Session at 1:20 P.M., the General
Counsel indicated there were no reportable items.
The Chair then called for Member Reports and for Public Comment. There being no
comment, the Chair announced that the next regular meeting of the Commission will be
held on Wednesday, November 28, 2018 at 12:00 Noon, at Navigant’s offices in Folsom,
CA. The meeting was then adjourned by the Chair at 1:21 P.M.
Martin R Hopper Assistant Secretary
September - October 2018
Payee DescriptionPeriod
Covered Amount
MID Accounting and Coordination Jul-18 42,546.49MISAC Annual Membership 2018-2019 Aug-18 130.00Bloomberg Finance BGOV License Aug-18 1,507.50BLX Final Arbitrage Report Series 2008L Aug-18 4,250.00BLX Final Arbitrage Report Series 2008M Aug-18 4,750.00BLX Final Arbitrage Report Series 1997D Aug-18 2,250.00BLX Final Arbitrage Report Series 2011O Aug-18 3,250.00Martin Hopper Energy General Manager Services Aug-18 22,920.86U.S. Bank Fee payment for San Juan Reclamation Trust Aug-18 2,875.00WREGIS Transfer Volume Fee Aug-18 316.02Duncan, Weinberg, Genzer Legal Services Aug-18 50,158.90Law Offices of Susie Berlin Legal Services Jul-18 3,822.00Porter Simon General Legal Services Aug-18 682.00Politico Group State Legislative Services Aug-18 2,000.00KBT, LLC Consulting Services Jul-18 22,501.66NCPA 2018 Annual Conference Sep-18 945.00MID Accounting and Coordination Aug-18 42,546.49Avangrid Renewables Big Horn 2 Contract Power Aug-18 946,634.50U.S. Bank Debt Service Series 2018R Aug-18 2,330,995.33PNM San Juan MRTFA O&M - A&G Statement Aug-18 3,271.76KBT, LLC Consulting Services Aug-18 20,366.56Martin Hopper Energy General Manager Services Sep-18 21,526.93BLX Interim Arbitrage Report Series 2014Q Sep-18 2,250.00Duncan, Weinberg, Genzer Legal Services Sep-18 50,920.37APPA Public Power Forward Summit 2018 Sep-18 655.00Porter Simon General Legal Services Sep-18 3,494.02Politico Group State Legislative Services Sep-18 2,000.00Avangrid Renewables Big Horn 2 Contract Power Sep-18 1,020,255.34PNM San Juan MRTFA O&M - A&G Statement Sep-18 7,185.66U.S. Bank Debt Service Series 2018R Sep-18 2,330,995.33
6,948,002.72$
M-S-R Public Power AgencyReport of Summary Invoices Paid
To Commission November 28, 2018
Treasurer’s Report SEPTEMBER 2018
M-S-R Public Power Agency Treasurer’s Report
Index
i
Treasurer’s Report for the Month of September 2018
Investment Portfolio Pie Chart
MSR / LAIF / US Treasury 2-Year
Average Maturity Report
Quarterly Comparison – 3rd Quarter
General Fund:
Portfolio Summary
Portfolio Details – Investments
Portfolio Details – Cash
Investment Status Report – Investments
Investment Status Report – Cash
Investment Activity by Type
Activity Report LAIF
Trust Funds:
Portfolio Summary
Portfolio Details – Investments
Portfolio Details – Cash
Investment Status Report – Investments
Investment Status Report – Cash
Investment Activity by Type
Received Interest
Realized Gains and Losses
MSR PUBLIC POWER AGENCY TREASURER'S REPORT
FOR THE MONTH OF SEPTEMBER 2018
lJNRESTRICTEP FUNpS General Fund, net of MCCAA Member Cash Call Reserve Acct. Debt Service Coverage Revolving Fund
BESIBICIEP EU!:liPS MSR 2008 Series L MSR 2008 Series M MSR 2008 Series N MSR 2011 Series 0 MSR 2014 Series Q MSR 2018 Series R MSR Big Horn Wind Colla! Acct. MSR Big Horn Shaping Acct. MSR SJ Coal Reclamation Trust MSR SJ Decommissioning Trust
TOTAL FUNDS
PEMA!:liP ACCQU!:liiS Union Bank - General Fund
ll'li~ESIMEtliiS (See Attacbed) Bankers Acceptances Certificates of Deposit(Coll./lns.) Commercial Paper(A 1/P1) Corporate Notes-Medium Term Federal Agencies Local Agency Investment Fund Money Market Accounts Repurchase Agreements U.S. Treasury Instruments
TOTAL INVESTMENTS
Add: Deposits in transit Less: Outstanding checks
TOTAL CASH & INVESTMENTS
8/31 /2018
Cost Value 34,230,083
197,629 275,000
34,702,712
0 0 0 0 0
4,679,282 3,666,692 1,053,283
17,606,714 2,292,625
29,298,596
64,001,308
Standard per Gov~ Code
40% No limit
25% 30%
No limit $65,000,000
No limit No limit No Limit
FUND BALANCES
Receipts 0 0
275,000 3,783,603
17 4 1 0 1
4 ,734,705 2,137,193
467,981 1,454 3,479
7,344,836
11,128,439
Disbursements 0 0 0
3,514,499
17 4 1 0 1
2,335,380 2,132,900
486,752 34,286 1129
4,970,489
8,484,968
~ASI::I & ltHlfSTMfNTS
ActuaL 0.0% 0.0% 0.0% 0.0%
18.0% 52.2% 29.8%
0.0% Q.Q% ~
• Source of Mar1<et Value Information is US Bank, Union Bank, and Bloomberg Financial Systems
We certify that this statement is a true and correct record of transactions in the Treasury since the prior report. The agency has sufficient liquid assets on deposit to meet its obligations over the next 6 months. All investments are in compliance with the agency's investment policy guidelines.
a~~ Scott Van Vuren -·Treasurer
9/30/2018
Cost Value 34,224,187
197,629 550,000
34,971,816
0 0 0 0 0
7,078,608 3,670,985 1,054,512
17,573,883 2,294975
31,672,963
661644,779
448,259
0 0 0 0
11,926,800 34,526,501 19,748,163
0 0
66,199,484
0 (2,945)
66,644,779
9/30/2018 Reserves: Mkt Value•
0 0 0 0 0 0 0 0 0 0 0
0
9/30/2018
Mkt. Value•
34,971 ,816
0 0 0 0 0
7,078,608 3,670,985 1,054,512
17,246,024 2,294,975
31,345,104
66,316,920
Unrealized Gain/Loss
0
0 0 0 0 0 0 0 0
(327,859) 0
(327,859)
(327,859)
Corp Medium Term Notes0.00%
Federal Agency Issues0.00%
Managed Pool Accounts (LAIF)
100.00%
M‐S‐R Public Power AgencyInvestment Portfolio September 2018
2.063
2.81
1.56
0
0.5
1
1.5
2
2.5
3
Earnings Rate
MSR / LAIF / US Treasury 2‐YearSeptember 2018
MSR LAIF Treas Cons Matr 2Yr MSR Avg
0
100
200
300
400
500
600
Days
General Fund PortfolioAverage Maturity Report
Weighted Average Maturity
MSR Treasurers Report Spreadsheet 2018
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
4Q 2017 1Q 2018 2Q 2018 3Q 2018
M‐S‐R Public Power AgencyInvestment Portfolio Quarterly Comparison
Third Quarter 2018
Corp Med Term Notes
LAIF
Federal Agency
Par Investments Value
Managed Pool Accounts 34,528,501.ZT
Investments 34,526,501.27
cash Passbook/Checking {not Included In yield calculations)
445,314.32
Total Cash and Investments 34,071,815.59
Total Eamlngs September 30 Month Ending
Current Year
Average Daily Balance
Effective Rate of Return
Scott Van Vuren, Treasurer
Reporting period 09/01/2018-09/30/2018 Data Updated: : 10/10/2018 08:22 Run Date: 1011012018 - 08:22
58,543.71
34,711,881.81
2.05%
MSR Public Power Agency Portfolio Management
Porifoiio Summary September 30, 2018
Market Book Value v.aue
34,528,501.27 34,526,501.27
34,528,501.27 34,526,501.27
445,314.32 445.314.32
34,971,815.59 34,971,815.58
Fiscal Year To Date
453,511 .09
%of Portfolio
100.00
100.00%
D~~y.to Term Matur1ty
1 1
1
Modesto Irrigation District 1231 -11th St.
Modesto, CA 95352 (209)526-7308
Y11l 315 Equlv.
2.083
2.063
0.000
2.083
Portfolio MSRG CP
PM (PRF_PM1) 7.3.0 Report Ver. 7.3.5
CUSIP Investment f#
Managed Pool Accounts
SYSLAIF LAIF Local Agency Investment Fund
Ave111ge iiii811C41
Subtotal and Ave111ge 34,521,501.27
Data Updated: : 10/1 0/2018 08:22 Run Date: 1011012018 • 08:22
Total and Ave111ge 34,711,1181.81
MSR Public Power Agency Portfolio Managem~nt
Portfolio Details -Investments September 30, 2018
Purchaae Date Par Value
34,526,501 :rr 34,521,501.27
34,5211,501.27
Maritet Value
34,526,501.27
34,526,501.27
34,521,50'i.27
St.ted Book Value Rate
34,526,501.27 2.063
34,521,501.27
34,526,501.27
Page 1
YTM Daysto Mlturlty S&P JiS li'iaiurlly ll.te
2.0113 1 ------2.083
2.083
Portfolio MSRG CP
PM (PRF _PM2) 7.3.0
Report Vet 7.3.5
CUSIP Investment fl. IPUir
Passbook/Checking Accounts
SYSGENERALFUND GENERAL FUND Union Bank or California
Average Balance
Total c .. h and lnvestrne'*
Data Updated: · 1 0/1 Of2018 08:22 Run Date: 10/1012018-08:22
Average !!e!ence
0.00
34,71 1,681.81
MSR Public Power Agency Portfolio Management Portfolio Details - Cash
September 30, 2018
Purehne Oet..& PerV&Ii.!G MQrlillt Value
01/01/1999 445,314.32 445,314.32
34,1171,815.&9 34,1171,815.59
Stat8d Book Vtlua Rate
445,314.32
34,1171,815.59
Page2
YTM DI!Yito S&P 365 lilltui'lty
0.000
2.063
Portfolio MSRG CP
PM (PRF _PM2) 7.3.0
CUSIP Investment#
Managed Pool Accounts
SYSLAIF LAIF LAlF
Managed Pool Accounts Totlls
Investment Totlla
Data Updated: : 10/10/2018 08:22 Ruo Date: 1011012018 - 08:22
MSR Public Power Agency Portfolio Management
Investment Status Report - Investments September 30. 2018
SYS30000 MONEY 30000MONEY U.S. Bank Corporate Truat SYS30001 MONEY 30001 MONEY U.S. Bank Corporate Trust SY$30002 MONEY 30002 MONEY U.S. Bank Corporate Trust
SYS30003 MONEY 30003MONEY u.s. Bank Corporate Trust SYS31000 MONEY 31000MONEY U.S. Bank Corporate Trust SYS31003 MONEY 31003MONEY U.S. Bank Corporate Trust
SYS32000 MONEY 32000MONEY U.S. Bank Corporate Trust SYS32003 MONEY 32003 MONEY U.S. Bank Corporate Truat SYS33000MONEY 33000MONEY u.s. Bank COfl)Orate Trust
SYS7000MONEY 7000MONEY U.S. Bank Corporate Truat SYS778000 MONEY 776000 MONEY U.S. Bank Corpoo1te Trust SYS776001 MONEY 776001 MONEY u.s. Bank Corporate Trust
SYS776002 MONEY 776002MONEY U.S. Bank Corporate Trust SYS778003 MONEY 776003 MONEY U.S. Bank Corporate Trust SYS785000 MONEY 785000 MONEY U.S. Bank CorPorate Trust
SYS785001 MONEY 765001 MONEY U.S. Bank Corporate Trust SYS785002 MONEY 785002 MONEY U.S. Bank Corporate Trust SYS785003 MONEY 785003 MONEY u.s. Bank Corporate Trust
SYS798000 MONEY 798000 MONEY U.S. Bank Corporate Trust
SYS798002 MONEY 798002 MONEY U.S. Bank Corporate Trust SYSBOOOMONEY BOOOMONEY U.S. Bank Corporate Trust
SYS8001 MONEY 8001 MONEY U.S. Bank Corporate Trust
SYS88000MONEY 88000MONEY U.S. Bank Corporate Trust
Average Balance
Total Cash and Investments
Data Updated: SET_MSRT: 10/08/2018 14:02 Run Date: 10/0812018- 14:02
-"verage !!a!ence
0.00
29,893,:US.54
MSR Public Power Agency Trust Portfolio Management Portfolio Details - Cash
September 30, 2018
?urchan Oat. ParV&Iue Markat Value
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 5,847,082.99 5,847,082.99
3,870,98!5.26 3,870,985.26
0712612018 68,892.05 88,692.05
1,230,038.18 1,230,038.18
5,767,511 .36 5,787,511 .36
12,366.57 12,366.57
0.00 0.00
0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00
1,054,512.06 1,054,512.06
0.00 0.00
0312612018 2,294,974.64 2,294,974,64
31,716,183.11 31,345,103.91
Stated Book Value Rate s&P
0.00 1.840
0.00 1.840 0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
5,847,082.99 1.840
3,670,985.26 1.840
68,692.05 1.840
1,230,038.18 1.840
5,767,51 1.38 1.840
12,366.57 1.840
0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
0.00 1.840
1,054,512.08 1.840
0.00 1.840
2,294,974.84 1.840
31,172,H3.11
Page 2
YTM Days to 365 Maturity
1.840
1.840 1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840
1.840 1.840
1.840
1.840
1.840
1.840
1.840
1.427
1 1
1
101
Portfolio MSRT CP
PM (PRF _PM2} 7.3.0
CUSIP lnvntmantl Issuer
Federal Agency Issues • Coupon
3135GOF73 17244 FNMA
3136G3NG6 17283 FNMA
3136G36J9 17314 FNMA 3134GAHL1 17313 FREDMC
Fede1111 Agency Issues - Coupon Totala
lnveatment Totals
Data Updated: SET_MSRT: 10/0812018 14:02 Run Date: 1010812018 -1<4:02
MSR Public Power Agency Trust Portfolio Management
Investment Status Report -Investments September 30, 2018
Data Updated: SET_MSRT: 10/08/2018 14:02 Rill Date: 1010812018 -14:02
MSR Public Power Agency Trust Realized Gains and Losses Sorted By Maturity/Sale/Call Date
Sales/Calls/Maturities: September 1, 2018- September 30, 2018
Par Value Sale Date
Curnnt Rate Maturity Dlte
0.00
Days Held
Term
0
Book Value
0.00
Mllturlty/Sale Proceeds
0.00
Realized Gain/Loss
0.00
Total Earnings
0.00
Modesto Irrigation District 1231 - 11th St.
Modesto, CA 95352 (209)526-7308
Total Total Net Earnings Yield 365
0.00
Portfolio MSRT
CP CG (PRF _CGR1 ) 7.1.1
Report Vw. 7.3.5
Treasurer’s Report OCTOBER 2018
M-S-R Public Power Agency Treasurer’s Report
Index
i
Treasurer’s Report for the Month of October 2018
Investment Portfolio Pie Chart
MSR / LAIF / US Treasury 2-Year
Average Maturity Report
General Fund:
Portfolio Summary
Portfolio Details – Investments
Portfolio Details – Cash
Investment Status Report – Investments
Investment Status Report – Cash
Investment Activity by Type
Received Interest
Activity Report LAIF
Trust Funds:
Portfolio Summary
Portfolio Details – Investments
Portfolio Details – Cash
Investment Status Report – Investments
Investment Status Report – Cash
Investment Activity by Type
Received Interest
Realized Gains and Losses
IISR PUBUC POWER AGENCY TREASURER'S REPORT
FOR THE MONTH OF OCTOBER 2018
UNBESTAICIEQ FUNDS Ganeral Fuoo, i1e1 o1 MCCflA Member Cash Call Reserve kd. Debt Service Coverage Revolving Fund
BESIBICIEP ELJIIIDS MSR 2014 Series Q MSR 2018 Series R MSR Big Horn Wind Collat Acct. MSR Big Horn Shaping Aoct MSR SJ Coal Reclamation Trust MSR SJ Decommissioning Trust
TOTAL FUNDS
DEMAND ACCOUNTS Union Bank- General Fund
INVFSIMfNTS (See Attat;hed,) Bankers Acceptances CertHicates of Deposit(Coll.llns.) Commercial Paper(A1/P1) Corporate Notes-Medium Term Federal Agencies local AQency Investment Fund Money Market Accounts Repurchase Agreements U.S. TreasUTY Instruments
TOTAL INVESTMENTS
Add: Deposits In transit Less: Outstanding cnecks
TOTAL CASH & INVESTMENTS
913012018
Cost Value 34,224,187
197,629 550 000
34,971,816
0 7,078,608 3,670,985 1,054,512
17,573,883 21294,975
31,672,963
66,644,n9
Standard per Gov'tCode
40% NoUmlt
25% 30%
NoUmit $65,000,000
NoUmit NoUmit NoUmlt
FUND BALANCES
Receipts 0 0
275 000 3 ,951,740
0 4,669,880 1,972,253
508,561 28,223
31472 7,182,389
11,134.129
0 0 0
3,504,571
0 2,330,995 1,967,884
507,312 22,284
166 4,828,642
8,333,213
CA&I:IIINVBmiEtml
kWaL 0.0% 0.0% 0.0% 0.0%
17.2% 50.9% 31 .9% 0.0% QJl2R
~
• Source of Market Value lnlonna!lon Is US Balk, Union Banlt, and Bloomberg Flll8f1Cial Systerne
We certify that thls statement Is a true and correct record of transactions In the Treasury since the prior report. The agency has sufficient liquid assets on deposit to meet its obligations over the next 6 months. All investments are in compliance with the agency's investment policy guidelines.
Scott Van Vuren -Treasurer
1ut~1/2018
Cost Value 34,396,356
197,629 825000
35,418,985
0 9,417,492 3,675,354 1,055,781
17,579,822 212981280
34,026,710
69,445,694
103,104
0 0 0 0
11,926,800 35,317,881 22,099,910
0 0
69,344,591
0 (2,000)
69,445,694
10/3112018 Reserves: MktValue•
0 0 0 0 0 0 0
0
i0l31/20i3
Mkt. Value*
35,418,985
0 9,417,492 3,675,354 1,055,761
17,249,326 212981280
33,696,214
69,115,199
Unrealized GalrVloss
0
0 0 0 0
(330,496) 0
(330,496)
(330,496)
Corp Medium Term Notes0.00%
Federal Agency Issues0.00%
Managed Pool Accounts (LAIF)
100.00%
M‐S‐R Public Power AgencyInvestment Portfolio October 2018
2.144
2.87
1.64
0
0.5
1
1.5
2
2.5
3
Earnings Rate
MSR / LAIF / US Treasury 2‐YearOctober 2018
MSR LAIF Treas Cons Matr 2Yr MSR Avg
0
100
200
300
400
500
600
Days
General Fund PortfolioAverage Maturity Report
Weighted Average Maturity
Investments
Managed Pool Accounts
Investments
Cash
Passbook/Checking (not included in yield calculations)
Total Cash and Investments
Total Earnings October31 Current Year
Average Dally Balance
Effective Rate of Return
Scott Van Vuren, Treasurer
Reporting period 10/01/2018-10/31/2018 Data Updated:: 11/09/201811 :12 Run Date: 1110912018 • 11:12
p.,. Value
35,317,881.33
36,317,881.33
101,103.!53
35,418,984.81
Mon1h Ending 63,272.96
35,181,791.40
2.12%
MSR Public Power Agency Portfolio Management
Portfolio Summary October 31, 2018
Martcet Book Value Value
3!5,317,881.33 3!5,317 ,881.33
35,317,881.33 35,317,881.33
101,103.53 101,103.53
35,418,984.88 36,418,984.88
Fiscal YNr To Date 530,762.67
%of Portfolio
100.00
100.00%
o.ysto Term Maturity
1 1
1 1
Modesto Irrigation District 1231 -11th St.
Modesto, CA 95352 (209)526-7308
YTM 315Equlv.
2.144
2.144
0.000
2.144
Portfolio MSRG CP
PM (PRF _PM1) 7.3.0 Report Vet. 7.3.5
CUSIP Investment I#
Managed Pool Accounts
SYSLAIF LAIF
l .. uer Averege Balance
Local Agency lnvea;;.tm;;,;ent~F..:u;;.:.nd=-----
Subtotal and Average
Data Updated: • 11/09/2018 11:12 Run Date: 11/09/2018 - 11:12
Total and Averege 31,181,711.40
MSR Public Power Agency Portfolio Management
Portfolio Details - Investments October 31, 2018
Purchase Date Par Value
35,317,881 .33
35,317,881.33
35,317,881.33
Maltlet Value
35,317,881.33
35,317,881.33
35,317,881.33
stat.d Book Value Rate
35,317,881.33 2.144
311,317,881.33
35,317,881.33
Page1
YTM Daysto Maturtty S&P 365 Maturfty Data
2.144 1 -------2.144
2.144 '
Portfolio MSRG CP
PM (PRF _PM2) 7.3.0
Rl!pon Ver. 7 3.5
CUSIP Investment# :aau6r
Passbook/Checking Accounts
SYSGENERALFUND GENERAL FUND Union Bank of California
Average Balance
Total Cash and lnwsbnent.
Data Updated: : 11/0912018 11:12 Run Date: 11/09/2018-11:12
Awrage Balance
o.oo 311,181,791..&0
MSR Public Power Agency Portfolio Management Portfolio Details - Ca8h
October 31, 2018
Purcha1e Date Par Value Market Value
0110111999 101,103.53 101,103.53
35,418,984.86 35,418,184.88
S&P
101,103.53
35,418,984.88
Page2
YTM Dayato 365 liliaturlty
0.000
2.144
Portfolio MSRG CP
PM (PRF _PM2) 7.3.0
CUSIP lnvaatment #
Managed Pool Accounts
SYSLAIF LAIF
raauer
LAIF
Managed Pool Accounts Total•
lnveatment Total•
Data Updated: : 11/09/2018 11 : 12 Run Date: 11/0912018-11:12
MSR Public Power Agency Portfolio Management
Investment Status Report - Investments October 31, 2018
SYS33000MONEY 33000MONEY U.S. Bank Corporale Trust SYS7000MONEY 7000MONEY U.S. Bank Corporate Trust SYS776000 MONEY 776000 MONEY U.S. Bank Corporate Trust
SYS776001 MONEY 776001 MONEY U.S. Bank COrporate Trust SYS776002 MONEY 776002 MONEY U.S. Bank COrporate Trust SYS776003 MONEY 776003 MONEY U.S. Bank COrporate Trust
SY$798002 MONEY 798002 MONEY U.S. Bank COrporate Trust SYS6000MONEY 6000MONEY U.S. Bank Corporate Trust SYSBBOOOMONEY 88000 MONEY U.S. Bank Corporate Trust
Subtotal
Federal Agency Issues • Coupon
Subtotal
Total
Data Updated: SET_MSRT: 11/05/2018 14:13 Run Date: 1110512018-14:13
MSR Public Power Agency Trust Portfolio Management
Activity By Type October 1, 2018 through October 31, 2018
Data Updated: SET_MSRT: 11/05/2018 14:13 RLn Date: 1110512018-14:13
Par Value
MSR Public Power Agency Trust Realized Gains and Losses Sorted By Maturity/Sale/Call Date
Sales/Calls/Maturities: October 1, 2018- October 31, 2018
Sale Date
Current Rate Mlltur!ty Date
Days Held
Term Book Value Mllturlty/Sale
Proceeds
0.00 0 0.00 0.00
Realized Galn/Lo ..
0.00
Tot.l Earnings
0.00
Modesto Irrigation District 1231 - 11th St.
Modesto, CA 95352 (209)526-7308
Tot.l Total N.t Earnings Yield 365
0.00
Portfolio MSRT
CP CG (PRF_CGR1)7.1.1
Report Ver. 7 .3.5
Page 1 of 1
M-S-R Public Power Agency Staff Report
Date: November 19, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Technical Committee Subject: November 2018 WREGIS REC Transfers Status Report In 2013, the General Manager met with Iberdrola Renewables, Inc (now Avangrid Renewables, Inc.) regarding the status of its transfers of Western Renewable Energy Generation Information System (WREGIS) Renewable Energy Credits (RECs) for the Big Horn I and Big Horn II Wind Energy Projects to M-S-R PPA. Ideally, the WREGIS timelines would allow transfers of RECs to M-S-R PPA about 90-days after the close of a reporting month. At the time of that meeting, some transfers were as many as 215-days outstanding. Avangrid has subsequently reviewed its internal procedures and has generally completed Big Horn I and Big Horn II transfers in a timely manner. The attached chart illustrates current and historic status of REC transfers. As requested by the Commission, this report will be updated and presented at each regular meeting. I recommend the Commission note and file the November 2018 WREGIS REC Transfers Status Report.
Date: November 19, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Commission Subject: November 2018 Outside Services Budget versus Actual Report FISCAL YEAR 2018: Major Legal Providers Reporting Are: Duncan, Weinberg, Genzer, and Pembroke: Through: September 30, 2018 Law Offices of Susie Berlin: Through: September 30, 2018 Porter Simon: Through: October 31, 2018 Major Consulting Providers Reporting Are: Navigant Consulting: Through: September 30, 2018 KBT LLC: Through: September 30, 2018 Legacy Liability Providers Reporting Are: PNM – Reclamation Management: Through: October 31, 2018 Reclamation: Through: October 31, 2018 Decommissioning: Through: October 31, 2018 Detailed charts of monthly budget versus actual cost comparisons for each provider are attached in their usual format. Recommendation: I recommend the Commission note and file this report.
Date: November 15, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Commission Subject: Approval of Amendment to Engagement Letter With Baker Tilly Virchow
Krause, LLP for Independent Accountant Services The proposed Amendment to the Engagement Letter With Baker Tilly Virchow Krause, LLP for Independent Accountant Services modifies the agreement previously approved by the Commission which locked in flat rate pricing for the preparation of audits commencing with the fiscal year beginning January 1, 2015 and continuing for five years thereafter and provided for two additional option years. With the completion of the divestiture of the San Juan Project, the auditors have noted their scope of services will be simpler and are willing to correspondingly adjust their fee. The proposed amendment reduces the annual fixed fees for the 2018 and 2019 audits from $71,600 to $50,000 and would reduce the annual fixed fee for the two option years from $73,700 to $51,500. The Agency’s Controller and accounting staff have expressed their continued satisfaction with the quality and responsiveness of Baker Tilly Virchow Krause, LLP’s I recommend the M-S-R PPA Commission approve the Amendment to the Engagement Letter With Baker Tilly Virchow Krause, LLP for Independent Accountant Services that reduces the annual fees for the remaining term of the engagement.
October 15, 2018 Mr. Martin Hopper, General Manager MSR Public Power Agency P.O. Box 4060 Modesto, CA 95352 Dear Mr. Hopper: This letter constitutes an addendum to our original engagement letter dated September 25, 2015. The purpose of this letter is to outline the new proposed fee structure to the existing fee structure included in our original engagement letter. The modifications to the fee structure included in our original engagement letter for the MSR Public Power Agency are as follows:
Year Fee 2018 $ 50,0002019 50,0002020 (option) 51,5002021 (option) 51,500
All the terms of our original engagement letter will apply to this addendum. This addendum will become effective as soon as you sign and date the original and copy of this letter and return the signed copy to us. Very truly yours, BAKER TILLY VIRCHOW KRAUSE, LLP
RESPONSE: This letter correctly sets forth the understanding of MSR Public Power Agency. By: Title: Date:
Baker Tilly Virchow Krause, LLP Ten Terrace Ct, PO Box 7398 Madison, WI 53707-7398 tel 608 249 6622 fax 608 249 8532 bakertilly.com
11/12/18
M-S-R PUBLIC POWER AGENCY SAN JUAN PROJECT
STATUS REPORT NOVEMBER 2018
SAN JUAN DECOMMISSIONING ISSUES The dismantling of the Unit 2 cooling tower was completed in October 2018 at a cost of $701,000. This project was estimated to be $400,000 and resulted in a budget overrun of 75%. The Public Service Company of New Mexico (PNM) rationalizes this overrun as the cost of the ash clean-up projects for Unit 2 and Unit 3 (both budgeted at $400,000) should be completed under budget so the combined three projects will meet a total budget of $1.2 million. Contracts for the ash clean-up work have been recently executed and work should be finished by the end of November. PNM expects it will only spent $758,000 of the remaining 2018 decommissioning budget of $2.502 million on the original scope. PNM intends to spend about $800,000 of the unused budget to demolish additional out buildings. PNM plans to have all this work completed by the end of 2018. These decommissioning items are charged to the Remaining Participants only and not to the Exiting Participants (including M-S-R PPA.) PNM has not resolved whether the stacks will be capped or not. PNM is also developing information for a resolution to authorize an updated Decommissioning Study. More information will be provided at the next meeting of the Decommissioning Committee scheduled for December 13, 2018.
11/12/18
M-S-R PUBLIC POWER AGENCY PACIFIC NORTHWEST PROJECT
STATUS REPORT NOVEMBER 2018
BIG HORN I OPERATION MWH % of 5-Year Average August 38,656 117.2 September 35,322 96.1 October 27,695 73.4 2018 Total 437,221 108.5 Project Life (since October 2006) 6,158,470 94.2 BIG HORN II OPERATION MWH % of 5-Year Average August 6,897 104.8 September 8,011 94.4 October 7,154 70.4 2018 Total 98,954 104.7 Project Life (since November 2010) 948,769 95.2 Wind Energy production for both Big Horn Projects in 2018 has been very good in 2018 although production in October was relatively poor. Both projects are on pace to exceed their annual expected production. Big Horn 1 has exceeded its monthly expectation in 5 of the first 10 months of 2018. Only twice was the energy less than 95% of expected production. Big Horn II exceeded its monthly expectation in 6 of the first 10 months of 2018. There were no curtailments in either August or September. However, 559 MWh and 95 MWh of energy were curtailed during on-peak and off-peak periods in October. The COTP had various maintenance outages scheduled in October. Combined with an outage on the line from Captain Jack to Klamath Falls on October 2, and PG&E having problems between VacaDixon and Tesla, the accumulation of affects dropped the on-peak N-S capability to 800 MW. Also for a series of days during the middle of the month, N-S was capped at 2000 MW during on-peak hours due to scheduled maintenance. As most of the curtailments were during on-peak hours, it looks like maintenance coupled with a couple of line outages seems to fit the curtailment schedule from Avangrid.
Page 1 of 1
M-S-R Public Power Agency Staff Report
Date: November 19, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Commission Subject: November 2018 General Manager’s Report FPPC Reporting The Agency has traditionally used manual (paper) processes to manage the submission of FPPC Assuming Office, Leaving Office and Annual Statements (Form 700). On behalf of the Authority I have executed an agreement with SouthTech Systems for the provision and maintenance of an automated (electronic) system to replace paper filings and allow reporters to make their submissions on-line. This system will be implemented in time for use with 2018 Annual Statements due April 1, 2019. Web-Site Review A recent review of the Agency’s (and the Authority’s) websites has revealed numerous broken links, and incomplete or out-dated information. Other information is mandated to be posted by State Law or for the convenience of the Members. We have also recently encountered various software incompatibility issues with the Agency’s e-mail servers. While repairs will be made to the current web-site, a new host and general revamp is indicated. This project will be initiated in the early part of 2019.MacintoshHD:Users:martinhopper:MyLaptopDocuments:M-S-RPublicPowerAgency:Administrative:Director:Nov2018MSRPPAGeneralManager'sReport.doc
M-S-R Public Power Agency Staff Report
Date: November 20, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Commission Subject: Approval of 2019 M-S-R Public Power Agency Budget The proposed 2019 M-S-R PPA Budget has been prepared in conformance with our Bond Indentures and the policies and priorities established in the 2019 M-S-R PPA Strategic Plan adopted by this Commission on September 19, 2018. Total expenditures under the budget will be $79.1 million, or a decrease of 4.3% from the 2018 M-S-R PPA Budget as summarized below and is $4.5 million lower than the corresponding 2019 Budget Estimate in the 2018 M-S-R PPA Budget. Of further note, general consulting support has been reduced to about 490 hours in 2019 which represents a 65% reduction from its peak of about 1400 hours in 2013 and a 47% reduction from expected 2018 year-end estimate of about 920 hours. These reductions reflect the elimination of certain transmission, generation, and administrative support services rendered redundant due to asset divestitures. The costs summarized below exclude Debt Service Revolving Fund distributions and receipts:
Category Adopted
2018 Budget
Proposed 2019
Budget
Percentage Change Comment
Agency and Debt Admin 0.6 0.5 -14.3% Reduction in general support costs.
Generation (San Juan) 31.0 27.8 -10.4% Debt Service reduction due to issuance of new 2018R Bonds.
Renewables (Big Horn I & II)
50.7 50.4 -0.6% Generation based on historic performance and costs of ancillary services.
Regulatory & Compliance
0.4 0.3 -14.2% Certain activities formerly allocated to Generation, Transmission or Renewables activities.
Totals 82.7 79.1 -4.3%
Page 2 of 2
The proposed budget generates sufficient revenues to meet debt service coverage requirements in fiscal year 2019 computed as set forth in Resolution 2014-07 regarding the Computation of Debt Service Coverage and as provided by the application of the Debt Service Coverage Revolving Fund established in 2016 and implemented pursuant to the requirements of Resolution 2016-02. Staff will closely monitor the Agency’s fiscal performance during the course of the year to assure that Debt Service coverage requirements will be met. San Juan Legacy Liability (Plant Decommissioning, Mine Reclamation, and Environmental) expenses are funded pursuant to Resolution 2016-04 whereby those items not paid directly from either the Reclamation or Decommissioning Trusts are paid from former San Juan Working Capital and are neither invoiced to the Members nor offset by Budget revenues. These items are shown as Generation Plant Expense and include Decommissioning Agent costs, liability insurance premiums associated with decommissioning activities, and environmental insurance premiums pursuant to the Restructuring, Decommissioning and Reclamation Agreements. The proposed 2019 M-S-R PPA Budget was reviewed by Member Staff in a workshop held November 8, 2018. I recommend the Commission adopt the proposed 2019 M-S-R PPA Budget.
2019 Proposed Budget
Public Power Agency
MSR PUBLIC POWER AGENCYSUMMARY
2019 BUDGET
2018 2018 2019 2020Budget Year To Date Budget Budget
Series 2018R Bonds Interest Expense 4,008,850 3,063,750
Series 2018R Bonds Principal Expense 23,627,500 24,685,000
Total Debt Service 27,636,350 27,748,750
Operating Revenue 82,311,846 82,469,996 Other Revenue 400,000 400,000 Operating Expense (82,420,846) (82,580,996) Interest Expense included in Operating Expenses 4,008,850 3,063,750 Debt Service Principal included in Operating Expenses 23,627,500 24,685,000 Capital included in Operating Expenses - - San Juan Reclamation Trust included in Operating Expense 3,300,000 3,300,000 Subtotal - Net Revenue 31,227,350 31,337,750
Debt Service Coverage 1.130 1.129
Required Debt Service Coverage 1.100 1.100
Net Revenue Required (110% of Debt Service) 30,399,985 30,523,625
Net Revenue 31,227,350 31,337,750
Additional Revenue Required for Coverage (827,365) (814,125)
MSR PUBLIC POWER AGENCYPROJECTED DEBT SERVICE CALCULATION
Page 4
MSR PUBLIC POWER AGENCY2019 BUDGET
ACTIVITY Operating Revenue
Account Code DESCRIPTION
2018 REVISED BUDGET
YTD ESTIMATED
12/31/18
2019 JAN-JUN BUDGET
2019 JUL-DEC BUDGET
2019 TOTAL
BUDGET
2020 JAN-JUN BUDGET
2020 JUL-DEC BUDGET
2020 PROJECTED
BUDGET
Modesto Irrigation District $29,388,098 $31,352,434 $15,750,261 $14,469,418 $30,219,679 $15,839,612 $14,469,586 $30,309,198City of Santa Clara 34,464,135 35,594,037 18,551,830 16,400,641 34,952,471 18,607,024 16,398,496 35,005,520City of Redding 16,947,364 17,289,392 9,131,414 8,008,282 17,139,696 9,147,854 8,007,424 17,155,278
2018 Forward, Coordinator costs are allocated to members based on contract count.Big Horn 1 (3 contracts), Big Horn (2 contracts).Modesto 40%, Santa Clara 40%, Redding 20%
(1) Renewable Power projected output forecast and pricing projections for 2018 & 2019 as per Martin Hopper email dated 10/18/2017 (spreadsheet: "Big Horn I Projections 2018.xlsx" and "Big Horn II Projections 2018.xlsx" )
(2) Big Horn II Dollars include $/MWh charges for Energy per PPA Annex H, Assumes escalation of 2% on $15/MWh effective 1-1-11; Redelivery per RA Section 2.6.1; Transmission Losses,RA Section 2.6.3 - assumes BPATS Incremental Replacement Power at $60/MWh; and Operating Reserves per RA Section 2.6.4
Page 20
2020 MSR PURCHASE POWER BUDGET
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
RENEWABLE, Big Horn I 2,488,979 2,690,948 3,568,102 3,718,139 3,092,438 3,343,930 2,645,795 2,640,350 2,343,593 2,692,050 2,743,599 2,636,884 34,604,806
RENEWABLE, Big Horn II 1,201,945 1,349,262 1,616,255 1,507,294 1,221,016 1,210,088 897,882 895,953 1,017,986 1,176,339 1,339,298 1,409,582 14,842,900
(1) Renewable Power projected output forecast and pricing projections for 2018 & 2019 as per Martin Hopper email dated 10/18/2017 (spreadsheet: "Big Horn I Projections 2018.xlsx" and "Big Horn II Projections 2018.xlsx" )
(2) Big Horn II Dollars include $/MWh charges for Energy per PPA Annex H, Assumes escalation of 2% on $15/MWh effective 1-1-11; Redelivery per RA Section 2.6.1; Transmission Losses,RA Section 2.6.3 - assumes BPATS Incremental Replacement Power at $60/MWh; and Operating Reserves per RA Section 2.6.4
Page 22
M-S-R Public Power Agency Staff Report
Date: November 19, 2018 From: Martin R. Hopper, General Manager To: M-S-R PPA Commission Subject: Approval of 2019 Regular Meeting Dates The following meeting dates are based on the customary schedule for M-S-R PPA as adjusted for known conflicts. Given the lower administrative burdens on the Agency due to the divestiture of the active San Juan Project, only four regular Commission Meetings and six Technical Committee meetings are proposed to be scheduled. If required by emergent business, Special Meetings of the Commission would be called for the same day as TANC Commission meetings. For the Commissioner’s information a copy of the Draft 2019 California JPA Meeting Calendar is attached.
Month Technical Committee Date/Time
Technical Committee Location
Commission Date/Time
Commission Location
February 2019 7 10:00 AM Folsom 20 12:00 Noon Folsom May 2019 9 10:00 AM Modesto 22 12:00 Noon Folsom July 2019 11 10:00 AM Folsom No meeting
September 2019 5 9:00 AM 24 10:00 AM
Truckee Truckee
18 12:00 Noon Folsom
November 2019 7 9:00 AM Folsom 20 12:00 Noon Folsom Financial Management Committee: 1:00 PM, Thursday, May 9, 2019, in Folsom, CA I recommend the M-S-R PPA Commission adopt the above schedule for the Agency’s 2019 Regular meetings.
2019 California JPA Meeting Calendar
APPA Joint Action Workshop – Jan 6 – 8, 2019, Key West, FL NCPA Strategic Issues Conference – Jan 16 - 17, 2019, Sacramento, CA CMUA Capitol Day and CMUA Board Meetings – Feb 4 & 5, 2019, Sacramento, CA APPA/ACWA Legislative Rally & Conference – Feb 25 – 27, 2019, Washington, DC CMUA Annual Meeting – March 31 – Apr 2, 2019, San Diego, CA
APPA CEO Roundtable – Apr 14 – 16, 2019, Phoenix, AZ NCPA/NWPPA Federal Policy Forum – Apr 28 – May 2, 2019, Washington, DC APPA National Conference – June 7 – 12, 2019, Austin, TX NCPA Annual Conference – Sept 25 - 27, 2019, Olympic Valley, CA
Revised: 11/13/18
BANC Commission (2:00 PM 4th Weds)
CMUA Regulatory
C’tee (9:30 AM)
CMUA Legislative
C’tee (12:15 PM)
M-S-R Technical C’tees
M-S-R PPA & EA
Commissions(Noon)
NCPA Facilities/ Pooling C’tees
NCPA LEC PPC C’tee
NCPA L&R C’tee
NCPA Utility
Directors
NCPA Commission Meeting
SCPPA Board
(3rd Thurs)
TANC Commission (10:00 AM)
Jan 23 Folsom Jan 10 Jan 10 No meeting No meeting Jan 3 Jan 7 Jan 10
Jan 17 Sac’to Jan 17 Jan 23
Feb 20 Folsom
Feb 14 So Cal
Feb 14 So Cal Feb 7 Feb 20 Feb 6 Feb 11 Feb 20 Feb 14 Feb 21 Feb 21 Feb 20
Mar 27 Mar 14 Mar 14 No meeting No meeting Mar 6 Mar 11 Mar 14-15 Healdsburg Mar 28 Mar 21 Mar 20