Vinton, Louisiana

                                                                                                                                                March 17, 2015

 

                                The Governing Authority of the Vinton Public Power Authority was convened in regular session in the Town Hall, Tuesday, March 17, 2015, at approximately 7:00 P.M. after full compliance as to notice and otherwise in respect to convening of said meeting with the following members present:

 

                                                                                Kenneth O. Stinson, President

                                                                                Bliss Bujard, Director

                                                                                William “BB” Loyd, Director

                                                                                Kevin Merchant, Director

                                                                                Paul Patin, Director

                                                                                Marcus Renfrow, Director

                                                                                                                                                                               

                                                ABSENT:               None

                                                                                               

                                 ALSO PRESENT:               Cade R. Cole, Board Attorney and Coy Vincent, CPA

                                                                                                                                                                                                               

                                 President Stinson called the meeting to order.

 

                                It was moved by Director Merchant to authorize the secretary to pay the bills for the month.  The motion was seconded by Director Loyd and carried.

 

                                President Stinson discussed appointing a Financial Advisor for VPPA.

 

                                It was moved by Director Merchant that Government Consultants represented by David Riggins be appointed as VPPA’s Financial Advisor.  The motion was seconded by Director Loyd and carried.

 

                                It was moved by Director Merchant that the following Resolution be adopted.  The motion was seconded by Director Renfrow and carried.

 

                                                                YEAS:  Directors Bujard, Loyd, Merchant, Patin and Renfrow

 

                                                                NAYS:  None

 

                                                           ABSENT:  None

 

VINTON PUBLIC POWER AUTHORITY

RESOLUTION

 

            BE IT RESOLVED by The Board of Directors of the VINTON PUBLIC POWER AUTHORITY, a Louisiana public power (“VPPA”), for which the Louisiana Public Service Commission does not have regulatory authority over its operations and is considered a non-regulated utility under PURPA, to take the following actions by a unanimous vote taken at a regular meeting on the 17th of March, 2015:

 

VOTED: 

 

(1)   That the VPPA Board, in recognition of the requirement of the Public Utility Regulatory Policies Act of 1978 (“PURPA”), Section 111(a), 16 U.S.C § 2621(a), as amended, that non-regulated utilities must consider the implementation of certain standards, hereby resolves that the Board has considered each standard. Based on the nature and characteristics of a significant portion of the load, the load service obligations and the contract arrangements, any service changes or added expenditures associated with implementing any of these standards would create potential impacts to the electric system operations causing no positive net benefit for VPPA. Therefore, the VPPA Board has determined these to be not appropriate at this time and has exercised its option to vote to decline to implement the standards of PURPA Sections 111(d)(1)-(17), as amended by the Energy Policy Act of 1992 Title 1 Section 111(d), 42 U.S.C. § 13201 et seq., the Energy Policy Act of 2005, Title XII, Subtitle E, Sections 1251-54, 42 U.S.C. § 15801 et seq., and the Energy Independence and Security Act of 2007 Sections 532 and 1307, 42 U.S.C. § 17001 et seq., as inapplicable to the power supply arrangements of VPPA.

 

 

Signed this 17th Day of March, 2015.

 

 

 

______________________________________

 

Mary O. Vice, Secretary

 

 

                                It was moved by Director Bujard and seconded by Director Merchant that the agenda be amended to add the following items:

                                                                                2014 Audit presentation

                                                                                Executive Session to discuss pending litigation

 

Public Comment was called for and being none, the vote cast thereon was as follows:

 

                                                                YEAS:  Directors Bujard, Loyd, Merchant, Patin and Renfrow

 

                                                                NAYS:  None

 

                                                           ABSENT:  None

 

                               

                                Coy Vincent, CPA presented the 2014 Audit to the governing authority.

 

                                It was moved by Director Bujard that the 2014 Audit be accepted as presented.  The motion was seconded by Director Merchant and carried.

 

                                It was moved by Director Bujard that the regular meeting be recessed for and Executive Session to discuss pending litigation.  The motion was seconded by Director Loyd and carried.

 

                                It was moved by Director Loyd that the regular meeting be re-convened.  The motion was seconded by Director Renfrow and carried.

 

                                There being no further business to come before the governing authority, it was moved

by Director Renfrow that the meeting be adjourned.  The motion was seconded by Director Patin and carried.

                                                                                                                                _____________________________

                                                                                                                                Kenneth O. Stinson, President

ATTEST:

 

______________________________

Mary O. Vice, Treasurer