AGENDA UTILITY BOARD OF THE CITY OF KEY WEST, FL REGULAR MEETING 5:00 P.M. - WEDNSDAY, JUNE 26, 2019 1001 JAMES STREET – KEYS ENERGY SERVICES BOARD ROOM 1. Pledge of Allegiance 2. Invocation 3. Mission and Vision 4. Roll Call 5. Set Agenda 6. Recognition and Presentation a) Retirement 23 Years of Service – Neil Mellies 7. Informational Items: a) Department Staff Report – Cyber Protection Phishing – Jack Wetzler, Asst. General Manager & CFO b) Power Supply Report – May 2019 c) Generation Report – May 2019 d) Rate Comparison Report – May 2019 e) Investment Committee Update 8. Consent Agenda* a) Approve Minutes – Regular Utility Board Meeting – June 6, 2019 b) Approve Minutes – Utility Board Strategic Planning Workshop – June 6, 2019 c) Approve Disbursements Report d) Approve Second Revised Interconnection Agreement by and among Florida Power & Light Company, Florida Keys Electric Cooperative Association, Inc., and The Utility Board of the City of Key West 9. Action Items a) Approve Resolution No. 814 Amending the Pension Plan Document, Article 8, Trust and Trustees; Section 8.01, Appointment of Trustees; Section 8.02, Terms of Office; and Section 8.03, Rules and Decisions b) Approve Increase in Headcount to Support Succession Planning with Technical Positions and Increased Project Load c) Approve Execution of Purchase and Sale Agreement for Sale of Surplus Ice Plant Property to Two J’s Properties, LLC, in the amount of $2,250,000.00, and Approve Execution of Back-Up Purchase and Sale Agreement with Rafael Juan Ubeda in the amount of $2,250,000.00; Authorize General Manager/CEO to Execute All Attendant Documents d) Approve Supplemental Resolution #815 and Issuance of Electric System Refunding Revenue Bonds Series 2019 in the Amount of $60,000,000.00 e) Approve the Costs Associated with the Issuance of Electric System Revenue and Revenue Refunding Bonds Series 2019 in the Issuance Amount of $60,000,000.00 10. Public Input / Other Business 11. Adjournment * Item is considered to be routine and enacted by one motion with no separate discussion, unless requested by a Utility Board Member or citizen, in which event the item will be considered independently. Peter Batty, Chairman ● Mona Clark, Vice Chair Timothy Root, Member ● Steven Wells, Member ● Robert Barrios, Member Utility Board Meeting May 2019 June 26, 2019 Transmission Outages Quantity Transmission Significant Events 14 12 10 10 8 6 No Events 3 4 4 2 1 2 2 1 1 1 1 1 1 2 0 0 0 0 0 0 0 0 0 Quantity Quantity Outages Of 2018 2019 Transmission Outages Duration 220 203 200 180 158 161 160 140 120 96 100 Distribution Significant Events 62 SAIDI 80 60 Feeders- 12 Outage Outage Minutes 40 19 4 2 2 22 20 3 19 0 0 Date: 05/1/2019 @ 11:57am 2018 2019 Feeder: BPS 4 Cust affected: 595 Duration: 12 minutes Cause: Animal-Bird Distribution Outages Quantity Date: 05/19/2019 @11:18am 70 59 Feeders: 9 Feeders 60 50 Cust affected: 7,430 40 38 Duration: 5 minutes 25 30 Cause: Undervoltage Operation 15 12 20 12 9 3 5 5 10 3 3 3 5 2 0 2 0 0 2 0 Date: 05/28/2019 @ 1:30pm 2 0 0 1 0 0 Feeder: KWD 2 Quantity Quantity OutagesOf Cust affected: 1545 Duration: 3 minutes 2018 2019 Cause: Animal-Bird Date: 05/28/2019 @ 1:30pm Distribution Outages Feeder: KWD 3 120 Duration Cust affected: 465 105 100 Duration: 15 minutes 84 80 Cause: Animal-Bird 60 60 51 60 54 31 Laterals - 17 40 23 11 19 2 - Undetermined/Unconfirmed SAIDI 8 7 11 3 20 7 3 4 9 0 1 0 1 0 3 4 5 0 0 0 2 0 2 - Faulty equipment 0 Outage minutes Outage 1 - Equipment Failure 3 - Animal 7 - Weather 2018 2019 1 - Vegetation 1- Balloon Distribution Reclosures Reclosures - 6 Quantity 1 - Undetermined-Unconfirmed 4 - Weather 140 1- Balloon 120 95 100 80 60 40 18 26 16 14 24 5 6 0 Quantity Reclosers Quantity 20 9 5 0 9 6 0 4 2 5 3 4 7 0 0 0 0 2 4 0 SYSTEM LOAD STATISTIC 2018 May Peak 118.9 2018 2019 2019 May Peak 131.7 2018 YTD Peak 145.8 2019 Yearly Peak 131.7 Overall Peak (YR 2017) 148.7 May 2019 Generation Report May 2019 Generation Report $/1,000 kWh100 110 120 130 140 150 160 10 20 30 40 50 60 70 80 90 ** BARTOW BASE BASE LAKELAND BASE ** WAUCHULA BASE ** - - - - - - - - - - $125.73 = Average IOU NEW SMYRNA BEACH SMYRNA NEW BASE ** Lowest CLEWISTON BASE ** ORLANDO BASE ** LAKE WORTH LAKE Complied by: Florida Municipal Electric Association - publicpower.com - Association Electric Municipal by: Florida Complied BASE * Includes average 6% to ** BUSHNELL BASE BASE Highest ** JACKSONVILLE BASE ** TALLAHASSEE BASE BASE ** ST. CLOUD ST. BASE BASE franchise fee franchise Residential ** WILLISTON BASE BASE ** HAVANA BASE BASE JACKSONVILLE BEACH JACKSONVILLE BASE BASE KISSIMMEE BASE with Negative Fuel or Puchased Cost Adjustment Cost Puchased or Fuel Negative with BASE Bill FORT PIERCE FORT BASE with Negative Fuel or Puchased Cost Adjustment Cost Puchased or Fuel Negative with BASE ** Comparison, MOORE HAVEN MOORE BASE BASE ** CHATTAHOOCHEE BASE BASE ** WINTER PARK * PARK WINTER BASE BASE ** ** Fuel,Power,or Cost Purchased Adjustment ALACHUA BASE BASE ** HOMESTEAD BASE May NEWBERRY BASE BASE Municipal$112.86 = Average MOUNT DORA MOUNT BASE BASE 2019 ** GREEN COVE SPRINGS COVE GREEN BASE BASE LEESBURG BASE BASE QUINCY BASE BASE ** STARKE BASE BASE BLOUNTSTOWN BASE with Negative Fuel or Puchased Cost Adjustment Cost Puchased or Fuel Negative with BASE ** OCALA BASE BASE ** GAINESVILLE BASE ** FORT MEADE FORT BASE BASE KEY WEST KEY BASE with Negative Fuel or Puchased Cost Adjustment Cost Puchased or Fuel Negative with BASE Agenda Item Summary Sheet Meeting Date: June 26, 2019 Proposer: Lynne E. Tejeda, General Manager & CEO Department: Executive Agenda Item #: 8a AGENDA ITEM WORDING: Approve the Minutes of the Regular Utility Board Meeting– June 6, 2019 REQUESTED ACTION: Approve the Minutes of the Regular Utility Board Meeting– June 6, 2019 MINUTES FROM THE REGULAR MEETING OF THE UTILITY BOARD OF THE CITY OF KEY WEST, FLORIDA, HELD AT 9:00 A.M. ON THURSDAY, JUNE 6, 2019 KEYS ENERGY SERVICES BOARD ROOM 1001 JAMES STREET, KEY WEST, FLORIDA 1. Pledge of Allegiance 2. Invocation 3. Mission and Vision 4. Roll Call Present: Mr. Robert Barrios, Ms. Mona Clark , Mr. Timothy Root, Mr. Steven Wells, Chairman Batty. Also present at the meeting: Lynne Tejeda, General Manager/CEO; Jack Wetzler, Finance Director/CFO; Nathan Eden, Utility Board Attorney; Nick Batty, Legal & Regulatory Services Director; Fred Culpepper, Transmission & Distribution Director; Dan Sabino, Engineering & Control Center Director, Julio Torrado, HR & Communications Director and Joseph Weldon, Generation Director. 5. Set Agenda 6. Informational Items: a) Rate Comparison Report – April 2019 b) Financial and Operational Indicators – April 2019 7. Consent Agenda* a) Approve Minutes–Regular Utility Board Meeting– May 22, 2019 b) Approve Minutes- Five Year Capital Plan and Funding Workshop – May 22, 2019 c) Approve Disbursements Report d) Request for Excused Absence for Chairman Peter Batty from the May 22, 2019 Regular Utility Board Meeting e) Approve Renewal of Federal Flood Insurance with Wright National Flood Insurance Company, through Gehring Group, Inc f) Approve Change Order #1 for PO 18-0634 and Declare Vehicles #24, #34, and #68 Surplus g) Declare Insulated Aluminum Wire as Surplus Motion: To Approve Consent Agenda, Moved by Ms. Clark, Seconded by Mr. Barrios. 8. Action Items a) Approve Evaluation of the Electric System Revenue Bonds Series 2019 in the amount of $60,000,000.00 and Award Bid #14-19 for Underwriter Services to BofA Securities, Inc. Regular Utility Board Meeting Minutes Wednesday, June 6, 2019 Page 2 Motion: To Approve Evaluation of the Electric System Revenue Bonds Series 2019 in the amount of $60,000,000.00 and Award Bid #14-19 for Underwriter Services to BofA Securities, Inc., Moved by Mr. Wells, Seconded by Ms. Clark. Board Discussion Vote: Motion carried by unanimous roll call vote (summary: Yes = 5). Yes: Mr. Robert Barrios, Ms. Mona Clark, Mr. Timothy Root, Mr. Steven Wells, Chairman Batty. 9. Public Input / Other Business 10. Adjournment Motion: To Adjourn the Regular Utility Board Meeting of June 6, 2019, at 9:04 a.m., Moved by Mr. Root. APPROVE: _______________________________ Peter Batty, Chairman ATTEST: _________________________________ Lynne E. Tejeda, General Manager & CEO /ed Agenda Item Summary Sheet Meeting Date: June 26, 2019 Proposer: Lynne E. Tejeda, General Manager & CEO Department: Executive Agenda Item #: 7b AGENDA ITEM WORDING: Approve Minutes of the Utility Board Strategic Planning Workshop – June 6, 2019. REQUESTED ACTION: Approve Minutes of the Utility Board Strategic Planning Workshop – June 6, 2019. MINUTES FROM THE STRATEGIC PLANNING WORKSHOP OF THE UTILITY BOARD OF THE CITY OF KEY WEST, FLORIDA, HELD AT 9:30 A.M. ON THURSDAY, JUNE 6, 2019 AT THE KEYS ENERGY SERVICES BOARD ROOM LOCATED AT 1001 JAMES STREET, KEY WEST, FLORIDA The above referenced workshop of the Utility Board of the City of Key West, Florida, convened at 9:30 P.M., on the above date and location and was called to order by Chairman Batty. Utility Board Members Present Peter Batty, Chairman Mona Clark, Vice Chair Robert Barrios, Member Timothy Root, Member Steven Wells, Member Staff Present Lynne Tejeda, General Manager & CEO Jack Wetzler, Assistant General Manager & CFO Edee Delph, Executive Assistant to GM/CEO & UB Nick Batty, Legal & Regulatory Services Director Fred Culpepper, Transmission & Distribution Director Dan Sabino, Engineering & Control Center Director Julio Torrado, HR & Communications Director Joseph Weldon, Generation Director Cindy, McVeigh, Accounting & Analysis Supervisor Jessie Perloff, Accounting & Financial Analysis Jeanette Williams, Accounting & Financial Analysis Mrs.