Meeting of Commissioners of
Public Utility District No. 1 of Clark County, Washington
March 6, 2018

A meeting of Commissioners of Public Utility District No. 1 of Clark County was held in the Operations Education Center, Vancouver, Washington, on Tuesday, the 6th day of March at the hour of 9:00 a.m.

Present: President Jim Malinowski, Vice President Nancy Barnes, Secretary Jane Van Dyke Commissioners, Director of Finance Rick Dyer, Director of Water Doug Quinn, Director of Energy Resources Dan Bedbury, Director of Information Services Mike Harris, Corporate Communications Manager Erica Erland, Manager of Energy Planning and Operations Tom Haymaker, and Assistant to CEO/General Manager Margaret Anderson.

Press Representatives: None

Others Present: Rick Syring, Don Steinke (Materials A)

At 9:13 a.m., President Malinowski called the meeting to order for the transaction of formal business.

Member of the public Don Steinke shared his thoughts with the board regarding the failed oil terminal bid, his desire for Clark Public Utilities to continue to reduce waste and increase conservation and the newly filed initiative regarding carbon in the state of Washington. In closing, Mr. Steinke shared his concerns regarding carbon emissions and dependence on fossil fuels. The board thanked Mr. Steinke for coming and sharing his views.

Consideration of the Minutes of February 20, 2018
There were no changes or corrections.

Consideration of Accounts Payable
The board, by a unanimous vote, approved the following payment amounts as listed on the Letter of Transmittal dated March 6, 2018, from the District Auditor:

Electric Revenue Fund – $17,066,001.56
Water Revenue Fund – $466,278.04
Generating System Fund – $623,894.06

For a total of $18,156,173.66

January Financials
Director of Finance Rick Dyer addressed the board (Materials C). January had warmer and wetter weather resulting in electric revenue above forecast. Mr. Dyer reported that Electric System sales were below budget while off system sales were above budget for the month. January residential sales were 91% of budget, commercial sales were 97.8% and industrial sales were 99.6% of budget. January ended with a net income of $8 million compared to a budgeted net income of of $6.7 million. Year-to-date net income is $1.3 million ahead of budget.

The Water System started 2018 with 74 new customers in January which is a growth rate of 2.55%. The net income for January was $219,000 compared to a budgeted net income loss of $37,000. Year-to-date net income is $256,000 ahead of budget.

January Wholesale Operations
Manager of Energy Planning and Operations Tom Haymaker addressed the board (Materials D). Mr. Haymaker updated the board on power supply, noting that Slice performed 30 aMW above prompt month and 46 aMW above budget forecasts. This was the largest amount of Slice generation in the month of January for Clark Public Utilities. Temperatures were seventh warmest on record over the past 124 years causing loads to be far below budget. Power prices remained between $20 and $30 for most of the month.

River Road Generating Plant is planned to be off-line through June with April being the maintenance month.

Commissioner Reports and Comments
Commissioner Van Dyke reported on her attendance at the American Public Power Association Legislative Rally in Washington DC and her attendance at The Energy Authority Energy Symposium in Jacksonville, Florida.

Staff Reports
There were no staff reports.

Other Business before the Board
There being no further business before the Board, the meeting adjourned at 10:30 a.m.