EXECUTIVE COMMITTEE MEETING August 1, 2017 Omni Bedford Springs Resort Bedford, PA Minutes 1 Attachment

Transcription

1 EXECUTIVE COMMITTEE MEETING August 1, 2017 Omni Bedford Springs Resort Bedford, PA Minutes 1 Attachment EXECUTIVE COMMITTEE: Joseph Murphy, Chair Jerry McInaw, Vice Chair Ray Geesey, Secretary Kevin German, Assistant Secretary Michael Kyle, Treasurer Stephen Schafer, Assistant Treasurer James Reynolds, Immediate Past Chair William P. Boswell, General Counsel Dwight A. Howes, Assistant General Counsel William G. Kiger, President/CEO Absent GUESTS: David Bolton Mike Ward Mark Heavener Ed Kirkwood Glen Esenwein Leo Hilbert Rick Burke Rick Moslen John Andzelik William Berger Mark Shaffer Dave Hart Jacob Specht Armando Ferri Douglas Meshaw Nsungwe Shamatutu Joe Sullivan Thomas Gramling Holly Fishel Rob Bedics Dave Haverstick Joseph Leva John McCarthy Doug Haupt Adams Electric Cooperative Adams Electric Cooperative Aqua Pennsylvania Butler Township Celerity Integrated Services Inc. CenturyLink Columbia Gas of PA Comcast Cablevision Duquesne Light Company Larson Design Group Municipal Authority of Westmoreland County National Fuel National Fuel NUCA Pennsylvania PA Builders Association PA Department of Labor and Industry PA Municipal Authorities Association PA State Association of Boroughs PA State Association of Township Supervisors PECO Energy PECO Energy Philadelphia Gas Works Pittsburgh Water & Sewer Authority PPL Electric Utilities, Inc. 1

2 Mark Santayana Joe Steighner Tracy L. Hoffman Robert Johnson Allen Fowler Eric Swartley Kenneth Montanari Michael Geary Beth Baldwin Javed Dennisseur STAFF: Ellen Kiger Sherry Harim Dan Lucarelli Jon DeMoss Kelly Pearl Linda Covelli Penny Modrick PPL Electric Utilities, Inc. Joseph A. Steighner & Associates Sunoco Pipeline Company Texas Eastern UGI Utilities, Inc. UGI Utilities, Inc. Verizon Business Verizon North, LLC Verizon Pennsylvania, Inc. Verizon Pennsylvania, Inc. Vice President/COO Director Accounting and Member Services Director Marketing & Education Director Technology Manager Accounting and Member Services Manager Operations Executive Secretary OPENING COMMENTS Mr. Murphy called the meeting to order at 2:30pm with the Pledge of Allegiance, reviewed the exit routes, welcomed everyone to the meeting, and asked for a round of introductions. Mr. Reynolds made a motion to follow the agenda, seconded by Mr. Schafer. o The motion carried unanimously. REVIEW OF ACTION ITEMS FROM 4/25/17 EXECUTIVE COMMITTEE MEETING None. FINANCE COMMITTEE UPDATE Mr. Kyle Mr. Kyle reviewed the reviewed the performance of the investment portfolios, the asset allocation, and a comparison to S&P benchmarks. He reported a risk assessment survey was sent to all Board members and asked that all Board members answer the survey. Mr. Kyle reported that during the planning meeting, new Goals 3.1, 3.4, and 3.6 were created under Objective 3 of the Vision Strategic Plan, which included having the Finance Committee meet with the audit firm to discuss the audit process, to conduct an independent review of how the investments were handled, and to conduct a rate study. LAWSUITS PENDING AGAINST PA ONE CALL SYSTEM, INC. Mr. Boswell Pennsylvania Electric Company v. Shirley Heating & Air Conditioning, Inc. Court of Common Pleases of Indiana County, No CD

3 Mr. Boswell reported there has been no response from Shirley Heating & Air Conditioning, Inc. REVIEW OF AGENDA ITEM REQUEST Kriebel, Enervest, Penneco and PIOGA submitted a request on 7/19/17 requesting POCS change billing rates for conventional well and facility owners that have mapped their facilities. (Attached.) Discussion. The committee agreed that this item will be addressed by the rate study recommendation (Vision Goal 3.6) that came out of the planning meeting. LEGISLATIVE UPDATE Mr. Reynolds Mr. Reynolds reported SB 242 passed the Senate 50-0 and has been referred to the House of Representatives. He reported on activities to get a House bill introduced and passed, the two House Consumer Affairs hearings, and the Legislative Budget and Finance Committee study that is underway. Mr. Reynolds thanked Ms. Harim for the activity summary she provided. NEW BUSINESS Data Release Policy Following discussion, it was agreed that the Parliamentary Committee will discuss the matter and consider whether a formal statement or resolution was needed and will report back to the Executive Committee. Following discussion on reinstated exemptions, the committee agreed no additional action was needed. OPEN DISCUSSION Committee Structure There was discussion on the committee structure, and creating a Vice Chair or co-chair for the standing committees. Vice Chairs would be appointed by the Chairman of the Board. It was agreed that the Board Chair would contact the existing committee chairs to determine if the committee has work to do and determine whether the committee should be disbanded. 3

4 Planning meeting process. Following discussion, which included input from Board members in the gallery, it was agreed: 1. Emphasizing new goals on the display during the planning meeting would be helpful. 2. Staff should recommend the target dates on the goals so the goals are attainable and the budget can be built. As many of the goal due dates were July 2018, the staff was directed to review the due dates, determine which goals were possible, and modify the dates. ADJOURNMENT Mr. Geesey made a motion to adjourn, seconded by Mr. German. o The motion carried unanimously. The meeting ended at 4:00pm. Minutes Approved: October 25, 2017 Respectfully submitted, Ray Geesey Corporate Secretary /emk/plm 4

5 5

6 6

7 7

8 8

9 9

10 10

11 11