Pam Poisson

The committee discussed and approved revisions to the Authority's By-laws, which included renaming executive titles and updating financial management designations. Additionally, the committee conducted an annual review of the Governance Committee Charter and recommended it for continued adoption. The meeting also addressed the Authority's compensation schedule, specifically the requirement to report management salaries exceeding $100,000 in accordance with Public Authorities Law.

The meeting focused on the Master Plan for Responsible Advanced Nuclear Development in New York, covering state energy policy and nuclear capacity goals. Participants discussed the technical and commercial aspects of fusion energy, including supply chain needs and the role of New York State in the industry. The committee reviewed the working group charter and received an overview of the planned scope and approach for the upcoming Fusion Study.

The committee discussed the Annual Investment Report and Investment Guidelines, including the impact of COVID-19 market volatility on the portfolio and funding. They reviewed the OPEB Trust Investment Report and policy, noting decarbonization progress and actuarial rate adjustments. Additionally, the committee evaluated the audited financial statements for the Authority and NY Green Bank, recommended the reappointment of KPMG as independent auditors, reviewed the annual bond sales report, and reaffirmed the current Audit and Finance Committee Charter.

The meeting focused on the development of the Master Plan for Responsible Advanced Nuclear Development in New York, with discussions centering on workforce and supply chain requirements. Key topics included identifying critical job roles and training timelines, addressing community and labor concerns, developing in-state supply chains, and establishing methodologies for future studies. The group reviewed the project charter, ratified participation rules, and outlined the subcommittee structures for upcoming research efforts regarding nuclear energy goals for 2040 and 2050.

The agenda items for the meeting include receiving a report on the NYSERDA OPEB Trust, receiving an update on the Authority's work with LoanStreet, and receiving a report from the Director of Internal Audit.