Meeting of Commissioners of
Public Utility District No. 1 of Clark County, Washington
September 5, 2023

A meeting of Commissioners of Public Utility District No. 1 of Clark County was held at Clark Public Utilities, 1200 Fort Vancouver Way, Vancouver, Washington, on Tuesday, September 5, 2023.

Present: President Jane Van Dyke, Vice President Jim Malinowski, Secretary Nancy Barnes Commissioners, CEO/General Manager Lena Wittler, Director of Finance Melissa Ankeny, Director of Energy Resources Dan Bedbury, Director of Employee Resources Nichole Reitzenstein, Director of Operations/Interim Director of Water Gene Morris, Director of Communications Erica Erland, General Counsel John Eldridge, Director of Customer Service Lisa Fix, Power Manager Steve Andersen, Engineering Manager – Water Russ Knutson, Construction Services Manager Dana Allen, Community Engagement Specialist Morgan Van Fleet, Business Systems Manager James Ellis, Safety Manager Justin Zucconi, Serviceman Jared Eddings, Emergency/Environmental Coordinator Chrystal Jones and Assistant to the CEO/General Manager Margaret Anderson.

Staff via digital conference (phone or video): PIO/Media Specialist Dameon Pesanti

Others present via digital conference (phone or video) or in person: Gordon Matthews, Peter Harrison, Don Steinke, Rick Marshall, Tom Gordon, Bryan Kast, Jean Avery, Cathryn Chudy and Christine Reynolds

Press representatives: None

At 9:00 a.m., President Van Dyke called the meeting to order for the transaction of formal business and the agenda was approved (Materials B).

Public Comment
The following represents a brief summary of comments made by members of the public in attendance:

Don Steinke provided comment on electrification and congratulated Clark Public Utilities on the Community Solar East project saying we need more solar.

Cathryn Chudy thanked Clark Public Utilities for the newest Community Solar project and stated we need more solar in Clark County.

If written comments are submitted, they may be obtained by contacting Margaret Anderson at [email protected] or 360-992-3378.

Consideration of the Minutes of August 15, 2023
The minutes were approved as presented.

Consideration of Accounts Payable
The board, by a unanimous vote, approved the following payment amounts as listed on the Letter of Transmittal dated September 5, 2023 from the District Auditor (Materials C):

Electric Revenue Fund – $19,635,522.46
Water Revenue Fund – $745,429.82
Generating System Fund – $1,800,707.03

For a total of $22,181,659.31

Employee Service Awards
Director of Operations/Interim Director of Water Gene Morris introduced the following employees (Materials D).
• Serviceman Jared Eddings was recognized for 20 years of service
• Emergency/Environmental Coordinator Chrystal Jones was recognized for 25 years of service
• Safety Manager Justin Zucconi was recognized for 20 years of service

Consideration of Establishment of LUD Nos. 1451, 1453, 1460 and 1463
Construction Services Manager Dana Allen addressed the board regarding the Establishment of Local Utility District Nos. 1451, 1453, 1460 and 1463.

Resolution No. 7800 – LUD No. 1451 – 109th Street Cottages
Resolution No. 7801 – LUD No. 1453 – Curtain Creek Meadow PUD
Resolution No. 7802 – LUD No. 1460 – 114th St. Townhomes
Resolution No. 7803 – LUD No. 1463 – Ramble Creek PH 2 ABC

After the presentation by Ms. Allen, Commissioner Van Dyke opened the public hearing for comments. There being none, a motion was made by Commissioner Barnes, seconded by Commissioner Malinowski and unanimously carried that Resolution Nos. 7800 – 7803 be adopted (Materials F).

Consideration of Bond Resolution and Reimbursement Delegation Resolution
Director of Finance Melissa Ankeny reviewed the 2023 Water System Revenue and Refunding Bonds (Materials G). Ms. Ankeny shared the financing schedule, known credit ratings, projected sources and uses and shared a preliminary/projected savings for the Electric System by the refunding of bonds.

The not to exceed amount is $45,000,000 with a maximum true interest cost of 5%, net present value savings on refunding not less than 3%.

Commissioner Malinowski moved to adopt Resolution #7798 providing for the sale, issuance and delivery of the District’s Water System Revenue and Refunding Bonds, 2023, in the principal amount of not to exceed $45,000,000. The Resolution delegates the authority to the General Manager or the Director of Finance to sign the bond purchase agreement. Commissioner Barnes seconded the motion and it passed unanimously.

Commissioner Barnes moved to delegate authority to the CEO/General Manager and the Director of Finance to make reimbursement declarations that preserve the right of the District to reimburse itself for prior capital expenses with the proceeds of future tax-exempt bonds for the Electric System, Generating System and/or the Water System. This delegation does not commit the District to any future issuance of debt, which must be authorized and approved by the Board. Commissioner Malinowski seconded the motion and it passed unanimously.

July Financials
Director of Finance Melissa Ankeny addressed the board (Materials H). Weather was warmer and drier than normal, which resulted in electric revenues above budget and off system sales below budget. July residential sales were 116.7% of budget, commercial sales were 101.7% and industrial sales were 94.2% of budget. July ended with a net income loss of $439,000 compared to a budgeted net income of $4.4 million. Year-to-date net income loss is $8.3 million compared to a budgeted net income of $14 million.

The Water System ended July with 578 new customers, which is a growth rate of 2.46% year-to-date. July ended with a net income of $1.3 million compared to a budgeted net income of $647,000. Year-to-date net income is $2.2 million compared to a budgeted net income loss of $353,000.

July Wholesale Operations
Power Manager Steve Andersen addressed the board (Materials I). Mr. Andersen provided an update on power supply noting that July Slice generation was 30 average MW below budget and loads in July were 38 average MW above budget. Slice generation was 20% less than the budget of 184 aMW and 6% less than The Energy Authority forecast of 163 aMW. July had the highest temperatures recorded in the last 25 years.

Mr. Andersen reported that the projected annual Slice generation is 162 aMW, which is below the conservative budget number of 175 aMW.

Commission Reports and Comments
Commissioner Malinowski reported on his attendance at the Energy Northwest Workshop.

Commissioner Van Dyke reminded members of the public about the Power Supply Workshop on September 12 and 13.

Staff Reports
CEO/General Manager Lena Wittler provided an update on the Community Solar East opening and participation numbers.

Other Business before the Board
There being no further business to come before the Board, the meeting was adjourned at 10:45 a.m.