Suresh Kotha

The meeting included a review of financial results for the three-month period ending March 31, 2026, and an analysis of Power Supply Costs. Key discussion topics included March 2026 financial highlights such as customer revenues, commodity expenses, and operating expenses. The board examined energy sources, including hydro and thermal generation, as well as net purchased power. Additionally, the committee reviewed account delinquency data, precipitation levels, snowpack and reservoir storage status, commodity budget mitigations, and the status of days cash on hand.

The meeting involves the Finance & Audit Committee and the Board of Directors reviewing several key agenda items. Discussion items include the approval of an amended pay schedule and compensation policy, and a resolution calling for an election for various Director wards to be consolidated with the general election. Informational items include a presentation of financial results from the previous quarter and a review of power supply costs. Additionally, the agenda includes a closed session to discuss the employment of a CEO and General Manager.

The Board of Directors meeting includes committee chair reports from the Strategic Development, Policy, and Finance & Audit Committees. Agenda items for consideration include revisions to the Strategic Direction SD-6, Safety Leadership; acceptance of monitoring reports for Strategic Directions SD-8, Employee Relations, and SD-12, Ethics; approval of the amended 2026 Pay Schedule and Compensation Policy; and the adoption of a resolution calling for the election of Directors for Wards 3, 4, 6, and 7. The meeting also features a discussion on proposed revisions to the Board's meeting procedures, as well as regular board and CEO reports.

The board meeting agenda focused on several key items including the approval of an amended pay schedule and compensation policy, and the adoption of a resolution calling for the election of directors for Wards 3, 4, 6, and 7 to be consolidated with the upcoming general election. Additionally, the meeting included informational presentations on financial results and power supply costs, a summary of committee direction, and a closed session regarding the employment of the CEO and General Manager.

The committee and Board reviewed monitoring reports for Strategic Direction 8 (Employee Relations) and Strategic Direction 12 (Ethics). Additionally, the Board received a briefing on vacant positions as required by Assembly Bill 2561 and discussed proposed revisions to the Meeting Procedures of the Board of Directors to incorporate updated Ralph M. Brown Act requirements. Other items included governance process monitoring, a Board work plan review, and a summary of committee direction.