Tony Perez

This document details the Kerrville Public Utility Board's Power Generation Project, a strategic initiative to develop an owned 122 MW natural gas-fired reciprocating internal combustion engine (RICE) plant. Key objectives include replacing an expiring power supply contract, mitigating energy market volatility, and ensuring stable and competitive electricity rates for customers for decades. The project, with commercial operations targeted for June 2027, also aims to enhance grid reliability and provide long-term financial protection for ratepayers.

The joint meeting included a quarterly stakeholder update from the Kerr Economic Development Corporation, the awarding of scholarships to graduating seniors, and a commendation for an outgoing trustee. The Boards discussed competitive matters, legal issues, and cybersecurity in an executive session. Additionally, the Boards reviewed financial and reliability reports, discussed a process for updating board policies and the strategic plan, and approved resolutions related to payment of invoices, signatory authorizations for financial institutions, and authorized representatives for investment pools. Furthermore, the meeting addressed an engineering contract for flood repairs at the Hunt Substation.

The meeting agenda includes the oath of office for a new trustee, a citizen open forum, and community interest announcements. The board will move into an executive closed session to discuss competitive power and fuel strategies, consult with legal counsel on litigation and professional conduct matters, and deliberate on personnel appointments and committee assignments. The consent agenda covers resolutions for service and supply payments, authorization of signatures for financial transactions, updates to authorized representatives for investment cooperatives and pools, and the acceptance of a quarterly funds report, alongside engineering reports for substation repairs. Additionally, the agenda features a financial report, a discussion on cost of service studies and rate recommendations, and a review of the board policy revision and strategic planning process.

The board meeting agenda includes a quarterly report from the Kerr Economic Development Corporation, the awarding of KPUB scholarships for the current school year, and a commendation for an outgoing trustee. Executive sessions are scheduled to discuss competitive power and fuel matters, legal consultation regarding pending litigation, and a cybersecurity overview. The meeting will also feature a review of financial reports, engineering and operations project updates, a quarterly reliability report, and a discussion regarding the process for revising board policies and the strategic plan.

The board meeting will cover competitive matters including bidding and pricing for power, generation, and fuel, as well as risk management strategies. The session will include consultations with legal counsel regarding litigation and other legal matters. Personnel discussions will address duties, compensation, and benefits for key management positions, along with the nomination process for a board trustee position. Furthermore, the meeting will address a broadband middle-mile grant for flood warning systems, a review of financial reports, and the process for selecting candidates for board position number three.