HomeMy WebLinkAboutGVEA Board ResolutionS
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RESOLUTION NO. 116-08
A RESOLUTION OF THE BOARD OF DIRECTORS
SUPPORTING THE REQUEST FOR STATE FUNDING FOR A NORTH POLE
POWER PLANT HEAT RECOVERY PROJECT THROUGH THE ALASKA ENERGY
AUTHORITY (AEA) RENEWABLE ENERGY FUND
WHEREAS, Golden Valley Electric Association (GVEA) supports efficient and
innovative ways of reducing the cost of generation of power for its members; and
WHEREAS, GVEA has invested in studies of alternative methods to reduce its
dependence on fossil fuels; and
WHEREAS, GVEA constructed the North Pole Expansion Power Plant which is a
combine -cycle power plant that utilizes a GE LM6000 turbine; and
WHEREAS, additional heat from the glycol could be used in the cooling cycle of the
Expansion Project to heat the old North Pole Power Plant building so that GVEA can
decommission the existing electric heaters; and
WHEREAS, this would allow GVEA to burn less fuel and at the same time provide
power to its members at less cost; and
WHEREAS, GVEA understands that it shall assume all liabilities arising from the
ownership and operation of the Project, and it will not sell, transfer, or dispose of any of
its interest in the facilities constructed with this grant funding during the economic life of
the Project without prior written approval of the Alaska Energy Authority (AEA); and
WHEREAS, the GVEA Board of Directors authorizes the application to AEA for project
funding and authorizes and names GVEA Vice President Kate Lamal as the project
manager and point of contact to represent the applicant for purposes of this application.
WHEREAS, Brian Newton, President & CEO, shall be authorized to execute all
agreements on behalf of the Association.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of Golden Valley
Electric Association hereby endorses GVEA's request for funding through the State of
Alaska's Renewable Energy Fund for purposes of constructing a heat recovery system
at the North Pole Power Plant and affirms GVEA is in compliance with all federal, state,
and local laws including existing credit and federal tax obligations.
CERTIFICATION
I, William D. Digan, do hereby certify that I am the Secretary of Golden Valley Electric Association, Inc.,
an electric not -for -profit cooperative membership corporation organized and existing under the laws of the
State of Alaska; that the foregoing is a complete and correct copy of a resolution adopted at a regular
meeting of the Board of Directors of this corporation, duly and properly called and held on the 29th day of
September, 2008; that a quorum was present at the meeting; that the resolution is set forth in the minutes
of the meeting and has not been rescinded or modified.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of the corporation
this 29th day of September, 2008.
1 M/A
MY111141
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William D. Digan Secre.'