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Home My WebLink AboutBPMC Teleconference - April 16, 1993Revised Action Nos. - September 7, 1993 BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE APPROVED MEETING MINUTES April 16, 1993 CALL TO ORDER Vice Chairman Story called the Bradley Lake Hydroelectric Project Management Committee to order at 10:15 a.m. via teleconference, to conduct the business of the Committee per the agenda and the public notice. Chairman Highers directed the remainder of the meeting after telecommunications were reestablished. ROLL CALL Alaska Energy Authority Ronald A. Garzini, Alternate Representative Chugach Electric Association David L. Highers, Designated Representative Golden Valley Electric Association Mike Kelly, Designated Representative City of Seward Absent Homer Electric Association Norm Story, Designated Representative Matanuska Electric Association Ken Ritchey, Designated Representative Municipal Light & Power Tom Stahr, Designated Representative Others Present: Ron Saxton, Ater, Wynne, Hewitt, Dodson & Skerritt Stanley E. Sieczkowski, Alaska Energy Authority dburger\word\minutes\pmc\04-93a RECORD UOPY FILE NO PRo 37) MIM ufiol? 3 BPMC Teleconference Meeting Minutes April 16, 1993 Page 2 of 3 Dick Emerman, Alaska Energy Authority Gloria Manni, Alaska Energy Authority Denise Burger, Alaska Energy Authority Eric Wohlforth, Wohlforth, Argetsinger, Johnson & Brecht Jim Seagraves, Nuveen Charles E. McKee 3. PUBLIC COMMENT Charles E. McKee Mr. McKee, public member, spoke to the Committee regarding currency and financing of Railbelt Intertie and Bradley Lake Bonds. Mr. McKee referred the Committee to his case on file at the Ombudsman's office and requested the Committee acknowledge his copyright to the original treasury seal. 4. AGENDA COMMENTS No change was made to the agenda. 5. OLD BUSINESS A. Bradley Bond Refunding Update Mr. Emerman noted there were two issues to consider regarding the proposed refunding: (1) the legality of the refunding, and (2) the ultimate savings to the utilities. Mr. Stahr advised the Committee that, because of unresolved legal issues, bond counsel of the Municipality of Anchorage recommended against Municipal Light & Power's participation in the bond refunding. Chairman Highers stated that Chugach Electric Association supported Municipal Light & Power's decision and polled the remaining utilities. Homer Electric Association, Golden Valley Electric Association and Matanuska Electric Association also supported the decision not to proceed with the refunding. The City of Seward was not present at the meeting. Chairman Highers invited additional comment. Hearing no comments, the Chairman declared the issue closed (Action 93-160). dburger\word\minutes\pmc\04-93a BPMC Teleconfercucc Meeting Minutes April 16, 1993 Page 3 of 3 6. COMMUNICATIONS A. Schedule Next Meeting Thursday, May 13, 1993 10:00 a.m. Chugach Electric Association 7. ADJOURNMENT With no further business before the Committee, the meeting adjourned at 10:30 a.m. Attest: Ronald A. Garzini, Afternate Representative dburger\word\minutes\pmc\04-93 14. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE TELECONFERENCE MEETING AGENDA April 16, 1993 10:00 a.m. CALL TO ORDER 10:00 a.m. ROLL CALL PUBLIC COMMENT AGENDA COMMENTS OLD BUSINESS A. Bradley Bond Refunding Update and Consideration of Additional Related Expenses COMMUNICATIONS A. Next regular meeting: May 13, 1993 10:00 a.m. Chugach Electric Association ADJOURNMENT RECORD Vor FILE NO PRO 3-h) mn y/ie 14 3 Highers Petrie To; Mu‘cipality of Anchorage; - > 2) Notices of Bonded Indebtedness. Bes CLERK'S OFFICE re Mee tee 13 2 <2 Ah '93 7500 YeLer/ RVEHRES . F9SO4 Daily Rowe Orch Charles €. McKee 2-29-99 — =MC * OM= Notices 2% Fl ma) \/ 4p ; | I | TL JR | S Se ee Notices of Bonded Indebtedness ee Fhe current General, Obligation | Bonded Indebtedness, deciaing ‘Authorized. but Unissuéd Bonds; ‘of the “Muinicipality based ri Bonds Outstanding, as of January 31, 22 is as as follows: G.0. Bonds Issued and Outstanding” a Bee 34 General Purpose eh Pee “$346: 210, 000 School ope 191,811,497 Total oF 33 $538,021,491 Authorized but Unissued G.O. Bonds General Purpose but ey Bonds . f Principal aad a payments for the year 1992 constituting the cost of. Debt Service on Current Indebtednésé ee .2 sPrincipal | +." arate gee The Asseased sviteation withitt the Municipatiy s Bo estimated at $9, 488, 588,461 as of December 31, 199 “Every effort has been made by the Fed (Federal Reserve System) to conceal its powers but the truth ts - the Fed has usurped the Government. It controls everything here (in Congress) and it controls all our foreign relations. [t makes and breaks governments at will.” Hon. Louts T. McFadden. Chairman, Banking & Currency Commuttee. “Congressman McFadden on the Federal Reserve Corporation”. CONGRESSIONAL RECORD. 1934. page 3 THE SOLUTION Alaska Energy Authority i BRADLEY PMC VOTING re 60 1 CITY OF SEWARD 01% ~~ | CLT] MATANUSKA ELEC ASSOC 4% =~ [7 } | CHUGACHELECASSOC = «530 ~Ss—i‘<‘iLs«dT: |: ||] HOMER ELEC ASSOC 12% LITT] GOLDEN VAL ELEC ASSOC 17% VET J CL] MUNI LIGHT & POWER 26% (1) CL a ALASKA ENERGY AUTH eum [V | | | 7 aL aa REQUIRING 4 YEAS W/ 51% OF UTILITIES, WITH NO APA VOTE; 1) PROCEDURES FOR SCHEDUUNG, PROOUCTION ANO DISPATCH OF PROJECT POWER. 2) ESTABUSHMENT OF PROCEDURES FOR USE OF EACH PURCHASER'S WATER ALLOCATION (APA ASSENT REQUIRED FOR FERC UCENSE REQUIREMENTS). 3) SELECTION AMONG ALTERNATIVE METHOOS THAT 0 NOT INVOLVE APA FOR FUNDING REQUIRED PROJECT WORK VOTING METHOO C: UNANIMOUS VOTE BY ALL (INCLUDING APA): ADOPTION OF PROCEDURES FOR DISPUTE RESOLU- TON. YOTING METHOO D- MAJORITY VOTE (INCLUOING APA). ELECTION OF OFFICERS. RECORD COPY FILE NO REQUIRING 4 YEAS W/ 51% OF UTILITIES, AND APA CONCURRENCE; 1) ARRANGING OPERATION ANO MAINTENANCE OF PROJECT. 2) ADOPTION OF BUOGET OF ANNUAL PROJECT costs. 3) ESTABUSHMENT OF FY ESTIMATED ANNUAL PAY- MENT OBLIGATION AND SCHEDULE OF EACH PUR- (CHASER. 4) DETERMINATION OF ANNUAL PROJECT COSTS: AFTER EACH FY. 5) EVALUATION OF NECESSITY FOR AND SCHEDUUNG OF REQUIRED PROJECT WORK. 6) DETERMINATION OF APPROPRIATE AMT. OF IN- SURANCE. 7) ADOPTION OF ADO'L MIN. FUNDING AMTS. FOR RENEWAL AND CONTINGENCY RESERVE FUNO ABOVE THAT REQ. BY BOND RES. 8) SELECTION AMONG ALT. METHOOS THAT INVOLVE APA FOR FUNDING REQ. PROJECT WORK 9) ADOPTION_OR AMENOMENT OF PROCE- DURAL COMMITTEE RULES (EXCEPT 01S- PUTE RES), 10) ADOPTION. OF PROJECT MAINTENANCE SCHEDULES. 11) DETERMINATION OF RULES, PROCE- DURES AND ACCOUNTS NECESSARY TO. MANAGE PROJECT WHEN NO BONDS OUT- STANDING. 12) EVALUATION AND APPROVAL OF OPTION. AL PROJECT WORK AND COMPENSATION FOR SUCH WORK. 13) APPLICATION OF INSURANCE CLAIMS PROCEEDS NOT GOVERNED BY BOND RESOLUTION. 14) APPROVAL OF PROCEDURES ANO ANY INOMOUAL UTIUTY AGREEMENTS RELATING TO ELECTRIC POWER RESERVES FOR PROJECT. 15) APPROVAL OF CONSULTANTS. Bradley Lake PROJECT MANAGEMENT COMMITTEE MEETING - NO Bprit pe 19793 (Date) PRO Srl etin 4 /ie/4 3 Qs (Location) r PLEASE SIGN IN No. NAME REPRESENTING ple cite Ta LG [i (eke ie Ele Sea eal LiL ‘Ron G21). | AE Thai Crimean AEST Glue Moyne’ AEA 7 8 9 10 ul 12 13 | 14 15 =| 16 17 | | 18 19 20 21 22 He 92Q2\IT9884 DATE: TO: FROM: SUBJECT: Alaska Energy Authority RECORD WOPY FILE NO 4fRo MEMORANDUM 3-1) mise ee 4/14 19% April 8, 1993 v Bradley Lake Project Management Committee David L. Highers, Chugach Electric Association Norm Story, Homer Electric Association Ken Ritchey, Matanuska Electric Association Paul Diener, City of Seward Tom Stahr, Anchorage Municipal Light & Power Mike Kelly, Golden Valley Electric Association Ron Saxton, Ater Wynne Hewitt Dodson & Skerritt Brent N. Petrie iy Mr Best Secretary Project Management Committee Meeting Notice of Teleconference - April 16, 1993 Please note there will be a teleconference meeting of the Bradley Lake Project Management Committee Friday, April 16, 1993. The teleconference, scheduled to begin at 10:00 a.m., will be originated from the main conference room at the Alaska Energy Authority. Attached is the agenda for the meeting. Please provide any comments regarding the April 16, 1993 BPMC meeting agenda items to Chairman Highers. DB:BNP:db ce: Ronald A. Garzini, Alaska Energy Authority Stanley E. Sieczkowski, Alaska Energy Authority Larry Wolf, Alaska Energy Authority David R. Eberle, Alaska Energy Authority Eric Wohlforth, Wohlforth, Argetsinger, Johnson & Brecht Don Grimes, J.C. Bradford & Company Jim Seagraves, Nuveen Dick Emerman, Alaska Energy Authority Mr. Everett P. Diener City of Seward 5th & Adams P.O. Box 167 Seward, Alaska 99664 Mr. David L. Highers Chugach Electric Association 5601 Minnesota Drive P.O. Box 196300 Anchorage, Alaska 99519-6300 Mr. Tom Stahr Municipal Light & Power 1200 E. 1st Avenue Anchorage, Alaska 99501-1685 Mr. Eric Wohlforth Wohlforth, Argetsinger, Johnson & Brecht 900 W. 5th Avenue, Suite 600 Anchorage, Alaska 99501 Mr. Jim Seagraves Nuveen Pacific First Center 1420 5th Avenue, #2740 Seattle, Washington 98101-2333 Mr. Don W. Grimes J.C. Bradford & Co. 330 Commerce Street Nashville, TN 37201 Mr. Ron Saxton Ater Wynne Hewitt Dodson & Skerritt 225 S.W. Columbia, Suite 1800 Portland, OR 97201-6618 93Q2\TJ4594L(1) Mr. Ken Ritchey Matanuska Electric Association 163 Industrial Way P.O. Box 2929 Palmer, Alaska 99645-2929 Mr. Michael P. Kelly Golden Valley Electric Association 758 Illinois P.O. Box 1249 Fairbanks, Alaska 99707 Mr. Norm Story Homer Electric Association 3977 Lake Street Homer, Alaska 99603 ee of OD, a 5540-135 (90%) SIPRAY2ZS wit 19h9-9L HALOS HOYT Tb - Jee (Cae) JMUX WE (UTR gg hee P2VIIT UE ye WHHLIS IDE C2 -SEE Aes Wyo Wel-ShZ AZH7ITY zs! /éN-csSkh ANB DATA Ab hl-= VS SURIH Me 29:7 €b/-0/h PIUVIAFIVOPI2IDL IW