Boards of Directors of Citizens Energy Group and CWA Authority, Inc. Joint Meeting Minutes
The board meeting covered several critical operational and financial items. The Boards approved various adjustments including Fuel Cost Adjustments, Gas Cost Adjustments, and the Universal Service Fund Rider. Financial reviews were conducted, leading to the approval of FY 2025 Year-End Financial Statements and the FY2026 audit engagement letter. The Compensation Committee's recommendations for executive compensation distributions and the retention of an external consultant for 2026 were approved. Additionally, the Boards received reports on credit ratings, internal audits, and the ethics code. A significant portion of the meeting addressed wastewater management, with updates on the Dig Indy project, sewer rehabilitation, and the formal approval of amendments to the industrial pre-treatment ordinance following a public hearing.