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HomeMy WebLinkAboutElectric Board - Minutes - 02/02/2011Fort Collins Utilities Electric Board Minutes Wednesday, February 2, 2011 Electric Board Chairperson City Council Liaison Steve Wolley, 288-0317 Lisa Poppaw, 223-4136 Electric Board Vice Chairperson Staff Liaison Edward DeCourcey, 206-9996 Brian Janonis, 221-6702 Roll Call Board Present Board Members Tom Barnish, John Harris, John Graham, Peggy Plate, Ed DeCourcey, and Steve Wolley Board Absent Vice Chairperson Steve Yurash Staff Present Steve Catanach, Ellen Switzer, Robin - Page 2, related to a letter campaign received by the Mayor. The sentence will he changed to read “Most of these citizens were part of a group who favor tiered rates and believe they could be implemented immediately without any further investment and would provide immediate carbon reduction.” - Page 2, related to the insulation requirement for electric heat properties. The sentence will be changed to read, “Staff will recommend a more rapid implementation schedule for the electric heat amendments than the other Code amendments.” It passed unanimously. Monthly Financial Report (Presentation avail able upon request) Utilities Financial Operations Manager Ellen Switzer presented the unaudited Monthly Financial Report. Figures exclude depreciation and grants. Operating revenues represent revenue from meter reading activity. Board discussion: Key Financial Results: How does the Southwest Annexation cost match up wit/i the amount budgeted? Board members would like to see this in/uirination included each month. A portion of the —4.8 percent variance for capital additions relates to less cable replacement than anticipated, as well as various project management decisions. Is it an issue for the Utility to not spend capital money? Revenue and expenditures have been identified and should balance. The budget for the last few years has included a loss in order to draw down the reserves. There are two types of capital budgets: lapsing (if not used in the year, lapsing funds are not available to spend the next year, but do go into reserves) and non-lapsing (the funds stay with the life of the project). It was noted that electricity use increased in 2010 by 1.5 percent, and the question was asked about how this corresponds to the Energy Policy effIciency goal of 1.5 percent. Without clarification, it appears one of the Energy Policy goals is being violated. The Energy Policy efficiency goal is to target program savings of 1 .5 percent of the community’s electricity use each year. Depending on the rate of electricity growth due to other factors, the efficiency savings will reduce the use hut not necessarily result in an absolute decrease (e.g., without the efficiency programs, the growth in 2010 would have been 3.0 percent). Energy and Demand by Month: Planning Engineering Manager Bob Micek uses this inft)rmation to report to Platte River Power Authority. It was suggested to nornialize the amimiual peak demand by reflecting average temperature; there is interest in seeing how mnu(h it flu(Iuates over lime. Electric Board Meeting Minutes 2 February 2, 2011 Operating Revenue: In 2010, operating revenue increased 11 percent from 2009 due to a 7.4 percent rate increase and increased kWh sales in the residential class. Non-Operating Revenue: This type of revenue includes the sale of equipment and parts, repair of damaged equipment, and interest income. 1-low are grant revenues tracked? They are only available for the grant projects, so it is Staff will round to boards and commissions through the month of February. More information can be obtained by visiting www.fcgov.com/gbp. Board discussion: Was there consideration at making these amendments voluntary rather than codifying them? Staff noted there was a lot of discussion around this. Staff proceeded to develop those things which represent minimum standards and make sense to codify. Does staff consider some of the example codes iisedfr comparison to be revolutionary or evolutionary? Mr. Lee, as a code official, was initially supportive of the two sets of standards in the marketplace until closer examination. He views this change as evolutionary. Did the City and stakeholders examine whether this would prevent developers from coining to Fort Collins? Staff discussed this factor and determined this is not a big driver, compared to other costs such as infrastructure. This is not viewed to be a strike against new business. How does this apply to the upgrade to Foothills Fashion Mall? If an addition was added or major systems were being changed out, it may come under some of these code changes. However, when the footprint does not change, a project would normally not be subject to these amendments. Six to tit’elve-mnonth lead times and bureaucracy in Fort Collins would be j,rohibitive when developers can go elsewhere and build much quicker. Mr. Phelan noted planners would counter that people want to live and develop here for the very reason of our high standards. Energy Services and Development Review are both investing time with our community contractors to teach them how to get through the planning and permitting processes. A board member expressed concern that adding these products puts a home with these upgrades out ofa lot ofpeople ‘s reach (financially). One of the only remaining entry— level residential builders in the community would see no cost increase from these amendments. This builder already incorporates these measures in their products. What were the biggest issues brought forward by stakeholders? Issues varied between the residential to commercial groups. “Greening our code” in comparison to adopting a green building model code was the biggest challenge for the residential group. The commercial group was concerned about the practicality of enforcing these changes and implementing the program. Electric Board Meeting Minutes 4 February 2, 2011 Motion: Board Member Graham moved that the Electric Board recommends the proposed building code green amendments for residential and commercial construction to be integrated into the City’s existing building codes. Vice Chairperson DeCourcey seconded the motion. Vote on the motion: 5 for; I against. Reason for nay vote: Board Member Barnish voted against the motion out of concern that it will cost the Board members expressed that the driver ftr Utilities should be the lowest (051 to the ratepaver. Additionally, Utilities are usually required by the Public Utilities Commission to use a “least cost” method when justifying projects. Staff will provide a comprehensive presentation to Council in late February. If they move toward full consideration on the option, staff will bring this to the March 2 board meeting for a recommendation. Routine Updates Platte River Power Aiithoriti’ (Board Member Yurash): Mr. Catanach noted rate structures will be discussed in February. Capitol News (Chairperson Wollev): 1) Least cost planning bill: regulated utilities. 2) Reduce energy costs for Colorado consumers bill (rollback of the State RPS back to 2006 levels). Green Building Program (Board Member Graham): Nothing additional to report. Staff Reports Prior to the last meeting, staff was waiting on responses for the Meter Data Management System (MDMS) and Automated Metering Infrastructure (AMI) Request For Proposals. A staff group has worked to filter the responses against minimum requirements for five AMI and four MDMS proposals and finalize candidates to the top two or three to bring in for all-day interviews. The goal is to select a vendor by mid-March. Mr. Phelan shared some early results on the energy efficiency programs. The home energy audit is seeing strong participation by the community, with about 35 contractors on our list. Home electricity reports also performed well. Other Business None Future Agenda Items None Adjournment The meeting was adjourned at 8:22 p.m. following a motion to adjourn by Board Member Plate. Submitted by Robin Pierce, Utilities Administrative Services Supervisor Fort Collins Utilities Approved by the Board on 779 alt C A , 2011 Signed LRO & P 1 eQ 3/ 3/ 0/) Board Secretary Date Electric Board Meeting Minutes 6 February 2, 2011 community too much. Board Member Graham recognized the effort put in by staff to develop this. 2009 Global Reporting Initiative (GRI) Report (Presentation available upon request) Light and Power Operations Manager Steve Catanach introduced the 2009 GRI Report for Fort Collins Utilities. In 2007, Utilities began an initiative to address the challenges facing them, such as aging workforce, aging infrastructure, controlling operational costs, and addressing regulatory changes. The purpose of the GRI report is to identify our leadership challenges and successfully meet those in order to provide a sustainable utility to our customers. With this year’s report, our reporting level was advanced to a “B” level to provide additional reporting about how we use these principles to make management decisions and to commit to further engaging our stakeholders. The process commits us to move forward with many initiatives and provides pertinent benchmarking criteria. Fort Collins Utilities was the first municipal utility in the world to submit a report to the GRI. The Electric Board serves as one of our reporting mechanisms. Board members were asked to provide feedback on the report by sending their comments to Chairperson Wolley before the March 2 meeting. The report provides a lot of context for our operations, our basic services, impacts (both positive and negative) on the community, our workforce as an asset, and how we make decisions and identify our challenges. The report is targeted to customers. To view the report online: www.fcgov.com/utilities/gri. Please submit any questions or suggestions by late March to: Katy Bigner, Environmental Planner (Utilities) kbigner@fcgov.com 970-221-6317. American Public Power Association Metrics Mr. Catanach suggested pending this topic to a future meeting. Feed-In Tariff Study Mr. Catanach reported that the City made the decision to look at the economics of a feed- in tariff program in response to interest in the community. To encourage solar generation, a “three times” multiplier is included in legislation to put it on equal footing with the cost to buy wind energy. Funds of $500K are budgeted in each of years 1 and 2, resulting in an overall 1 percent rate increase and adding 3.5 megawatts (MWs) on the system. If we take the full financial benefit, anticipating all future renewables needed to support a Renewable Portfolio Standards (RPS) program, Mr. Catanach estimates 1MW. Electric Board Meeting Minutes 5 February 2, 2011 tracked with the project and not in the budget. Capital Projects (non-lapsing budgets): Board members requested total project cost comnpa red to budget. 2010 Total Revenue Compared to Expense: Purchase power represents 70-80 percent of our total expenses. Board nzembers would like to see the top three items that account /r the reason why we caine in under budget. 2010 Summary: Additional appropriations approved by Council are required if for over-budget expenditures. Contingency funds for unexpected events are placed in one line item of the budget for ease in keeping track of them. Ms. Switzer thanked board members for their suggestions and will incorporate the suggested changes to future reports. Building Code Green Amendments (Presentation available upon request) Green Building Code Project Manager Felix Lee and Energy Services Manager John Phelan presented this topic to the Board. Council directed staff to develop mandatory building code green amendments to be integrated into the City’s existing building codes for residential and commercial construction. Council will consider the proposed “green” amendments to the Fort Collins building code at their March 1 and March 22 meetings. The substance of the proposed amendments remains the same since staff provided an update to the Board at the Dec. 1, 2010, meeting. Refinements to the proposal since that time include: - Low-Volatile Organic Compound (VOC) materials: cabinets excluded; - Daylighting deleted; - Occupancy lighting controls in defined spaces; - Tropical hardwood certification; and - Special provisions for electric heat buildings (increase envelope insulation requirements). The Board received a comprehensive benefit and cost summary. The benefit-to-cost ratio is represented as one year of construction (residential and commercial) with quantified elements only at a 0 percent utility inflation rate, costs totaling $1 .76 million, and benefits totaling $2.23 million. Benefits include carbon reduction, utility savings, building valuation, health and productivity, and economic impact on the community. Mr. Phelan explained the concept of economic multipliers. Electric Board Meeting Minutes 3 February 2, 2011 Pierce, Tom Rock, Kraig Bader, Katy Bigner, Jenny Lopez-Filkins, Patty Bigner, John Phelan, and Felix Lee Guests Rick Coen Selection of Board Member to Chair Meeting Due to a vacancy in the Chair position and the absence of the Vice Chairperson, Board Member Wolley was selected to chair the meeting by majority vote (Reference: Electric Board Bylaws, Article III, Section 6). Meeting Convened Board Member Wolley called the meeting to order at 5:32 p.m. Public Comment None Officer Elections Board Members Wolley and DeCourcey received nominations to serve as Chair of the Board. Board Member Wolley was elected by a vote of 4 to I (Wolley abstained). Incumbent Vice Chairperson Yurash and Board Member DeCourcey received nominations to serve as the Vice Chair of the Board. Board Member DeCourcey was elected by a vote of 4 to 2. Approval of January 5, 2011, Minutes Board Member Barnish moved to approve the January 5, 2011, minutes with the following modifications. Board Member Graham seconded the motion. - Page 1, related to Plan Fort Collins. The sentence will be changed to read, “If significant changes are made by Council, staff will bring those changes back to the Board for additional comment.” Electric Board Meeting Minutes February 2, 2011