Paul P. Lau

The meeting includes various business items such as committee reports, the approval of Board member compensation, and the acceptance of monitoring reports for strategic directions including reliability, employee relations, and ethics. The board will also consider the authorization of contracts for environmental services and professional services, the adoption of an updated utility security plan, and the issuance of electric revenue bonds. A closed session is scheduled to discuss the employment of the CEO and General Manager.

The Board meeting focused on authorizing the Chief Executive Officer and General Manager to negotiate and award contracts for LiDAR, remote sensing, and data analytics professional services, as well as on-call remediation and environmental services. Additionally, the Board discussed the approval of the issuance of the 2026 Series P Electric Revenue Bonds and 2026 Series G Subordinated Electric Revenue Bonds. The agenda also included a review of the quarterly procurement report, a financial results presentation, and the adoption of supplemental resolutions related to bond issuance and master resolution amendments.

The joint Board Policy Committee and special Board of Directors meeting focused on reviewing the monitoring report for Strategic Direction SD-4, Reliability, and discussing proposed revisions to the SD-4 reliability metrics to better reflect 10-year historical averages and grid resilience. Additionally, the committee performed a periodic monitoring review of Board-Staff Linkage policies BL-6 (Evaluating the CEO's Performance), BL-7 (Delegation to the CEO), and BL-8 (Delegation to the CEO with Respect to Procurement). The session also included updates on the Board Work Plan and provided a concluding summary of committee direction.

The meeting agenda includes a roll call and an opportunity for public comment. The primary focus of the closed session is to discuss public employment, specifically regarding the employment of the CEO and General Manager.

The meeting included an informational presentation regarding resource adequacy and summer readiness, featuring insights from external experts and representatives from the California Independent System Operator. Discussion topics covered western energy markets, grid reliability, resource planning, and an overview of 2026 summer readiness. Additionally, the committee included a scheduled period to summarize board member requests and committee direction.