1 2 3 4 5 6  MINUTES OF THE MEETING OF THE THE BOUNTIFUL CITY POWER COMMISSION September27,2022-- 8:00 a.m. Those in Attendance  7 Power Commission 8 Paul C. Summers, Chairman 9 Susan Becker 10 Dan Bell 12 David Irvine 13 John Marc Knight 14 15 Excused 16 Jed Pitcher 17 18 WELCOME 19 21 23  Power Department Allen Johnson, Director Alan Farnes David Farnes Tyrone Hansen Jess Pearce Luke Veigel Recording Secretary Nancy T.I Lawrence  11 Richard Higginson, City Council Rep  Chairman Summers called the Power Commission meeting to order at 8:00 a.m. and  20 welcomed those in attendance. The invocation was offered by Councilman Higginson.  22 MINUTES AUGUST23.2022  Minutes oft the regular meeting ofthe Bountiful Power Commission held August 23,  24 2022, were presented, and unanimously approved as written on ai motion made by 25 Councilman Higginson and seconded by Commissioner Becker. Commissioners Becker, 26 Bell, Irvine, Knight, Summers, and Councilman Higginson voted "aye". 28 BUDGET REPORT- YEAR-TO-DATE 1-MONTH PERIOD ENDNG31JULY2022 30 Month period ended 31 July, 2022, noting that it is final. He reviewed the process ofusing 31 an estimate for Electric Metered Sales int the budget report, adding $600,000 in July and  27 29  Mr. Hansen presented a summarized Budget Report for the Fiscal Year-to-date 1-  32 backing it out the following June.  33 34  Total Revenues YTD were $3,090,872, (including the estimate of $600,000), above  35 its HAB by $1,199.00. Major items (below) their HABs were. Electric Metered Sales 36 $(51,327), and Interest Income $(14,074). Air Products Income was above its HAB with an  37 average load factor of73.9%, above by $34,626.  38 39  Total Operating Expenses year-to-date were $3,060,700, above its HAB by  40 $(468,884). The major item (above) budget was Power Cost Expense, at $(518,360), with 41 natural gas $(411,000) over its July HAB. Insurance Expense was also (above) budget at  42 $(45,531) due to the annual payment being above budget.  43 44  Total Capital Expenses year-to-date were $15,779 and included $14,000 for  45 Creekside Views Cul-de-sac. Following al briefd discussion, Commissioner Bell motioned to 46 accept the Budget Report. Commissioner Irvine seconded the motion and voting was  Page 1of3    (PC, minutes September. 27, 2022)  unanimous. Commissioners Becker, Bell, Irvine, Knight, Summers, and Councilman  2 Higginson voted "aye". 4 SOLAR UPDATE  3 5  Mr. Hansen presented the Solar Update for the billing period June 2021 through May  6 2022. There are currently 194 residential Net Metering customers, 6 commercial Net 7 Metering customers, 47 residential Feed-in Tarifft time-of-day customers, and 13 residential 8 Net Metering Hybrid customers. The Average Lost Revenue/per customer is as follows:  9 10 11 12 13  Residential Net MeteringCustomeryear Commercial Net MeteningCisiomeryear Residential Feed-In Tarif/Customer'year Residential Net Metering Hyonid/Customer.year  $808.54 1,647.22 455.70 100.72  14 The total lost revenue to the City due to solar customers was $189,467.00, with the total 15 average lost revenue per customer/year $728.72. A short discussion followed, with 16 Councilman Higginson pointing out that the Hybrid schedule is most fair to everyone.  17 19  18 RESOURCEUPDATE  Allen Johnson pointed out that the average KW usage in September 2022 (to this  20 point) has been very different than in the past, depicted by a line graph showing the average 21 for the past ten years, compared to the actual usage and the demand we would have had if 22 Air Products had been using power. Higher temperalures and thei increased demand created 23 UAMPS hourly market prices normally in the $100 -$ $200 range to spike to $1,000/Mwh. 24 This resulted in UAMPS shutting down the ability toj purchase hourly from the PX due to  25 their high losses on September 13.  26 27  The Red Mesa solar project should be in commercial operation in March 2023, but  28 no later than September 2023. The 25-year power purchase agreement provides 5,831 KW at 29 acost of$37.000/Mwh flat. Mr. Johnson noted that this year our highest demand came after  30 61 pm when solar is not available.  31 32 35 36 37 38 40 41  San Juan is scheduled to shut down today (September 27). The hope is that the  33 Enchant project will pick up this project; there is currently an estimated $1.25 million short  34 in decommissioning accounts. There are also mine reclamation issues.  Commissioner Becker was excused at this time (8:50a.m.).  As the drought continues, it is anticipated that CRSP will reduce their allocations, The Steel project has been delayed until approximately September 2023 due to  39 and costs will increase.  42 availability (lack of) ofs solar panels. We are still looking at the Muddy Creek waste heat 43 resource and working with Kern River on an agreement, as well as solar projects with  44 batteries and the waste coal facility in Carbon County.  45  Page 2 of3    (PC, minutes September 27, 2022)  Discussion followed regarding these resources, as well as the current resources under  2 contract. Mr. Johnson said that wel have pre-bought power and gas through January; beyond 3 that time the budget could be off. Therei is aj possibility ofa a mid-year rate increase, and 4 Gary Hill, City Manager, is apprised oft the situation and working with us. Commissioner 7 The following items were included in the packet, but not discussed ini the meeting:  5 Summers noted that availability is a big factor, notj just price.  6 8 10 11 12 13 14 16 17 19 20 8:00 a.m. 21 22 ADJOURN 23 26 27 28  9 POWER SYSTEMS OPERATIONS REPORT  a.. July 2022 Resource Reports b.July 2022 Lost Time/Safety Reports c.July 2022 Public Relation Reports d.July 2022 Outage Reports  15 OTHER BUSINESS  None  18 NEXT POWER COMMISSION  The next meeting oft the Power Commission will be held on October 25, 2022, at  The meeting adjourned at 9:12 a.m. on a motion by Commissioner Irvine and  24 seconded by Councilman Higginson. Voting was unanimous with Commissioners Becker, 25 Bell, Irvine, Knight, Summers and Councilman Higginson voting "aye".  CHAIRMAN   Paul C. Summers,  Page 3 of3