NOTICE OF INTERMOUNTAIN POWER AGENCY
BOARD OF DIRECTORS MEETING
THE INTERMOUNTAIN POWER AGENCY (IPA) BOARD OF DIRECTORS WILL CONVENE A MEETING OF THE BOARD ON TUESDAY, MARCH 4, 2025, FROM 12:30 P.M. PACIFIC TIME TO 2:30 P.M. PACIFIC TIME (TIMES ARE APPROXIMATE), AT THE LOS ANGELES MARRIOTT BURBANK AIRPORT, 2500 NORTH HOLLYWOOD WAY, BURBANK, CALIFORNIA 91505, AND VIA ZOOM.
ZOOM MEETING LINK:
https://us02web.zoom.us/j//9843637279
Meeting ID: 984 363 7279
Dial-in Number: (669) 900-9128
A G E N D A
1. INTRODUCTIONS AND ANNOUNCEMENTS (NICK TATTON, BOARD CHAIR)
- IPA BOARD CHAIR ITEMS
- BOARD COMMITTEE REPORTS
2. OPERATING AGENT AND PROJECT MANAGER Q&A (KEVIN PENG/LORI MORRISH)
- POTENTIAL DISCUSSION OF IPP SUBCOMMITTEE ACTIVITIES
- POTENTIAL DISCUSSION OF OPERATING CONDITIONS AND RESULTS
- POTENTIAL DISCUSSION OF CONSTRUCTION ACTIVITIES
- POTENTIAL DISCUSSION OF IPP RENEWED
3. RESOLUTION IPA-2025-001
CONSIDERATION OF APPROVAL OF ESTIMATED AGGREGATE MAXIMUM GENERATING CAPACITY (SUMMER 2025) (KEVIN PENG)
4. RESOLUTION IPA-2025-002
CONSIDERATION OF AUTHORIZATION TO EXECUTE GENERATOR INTERCONNECTION AGREEMENTS (MILFORD ENTITIES) (KEVIN PENG)
5. RESOLUTION IPA-2025-003
CONSIDERATION OF AUTHORIZATION TO EXECUTE GENERATOR INJECTION RIGHTS AGREEMENT AND INTERCONNECTED OPERATING PROTOCOLS AND PROCEDURES AGREEMENT (MILFORD SOLAR PHASE II) (KEVIN PENG)
6. RESOLUTION IPA-2025-004
CONSIDERATION OF AUTHORIZATION TO EXECUTE TRANSMISSION INTERCONNECTION AGREEMENT (KEVIN PENG)
7. RESOLUTION IPA-2025-005
CONSIDERATION OF AUTHORIZATION TO EXECUTE AGREEMENTS FOR LONG-TERM SUPPORT AND PATCH MANAGEMENT SERVICES (SIEMENS ENERGY) (KEVIN PENG)
8. RESOLUTION IPA-2025-006
CONSIDERATION OF APPROVAL OF SEMI-ANNUAL BUDGET UPDATES FOR THE GAS REPOWERING AND THE STS RENEWAL PROJECT (LORI MORRISH)
9. IPA MANAGEMENT REPORTS
- GENERAL MANAGER (CAMERON COWAN): UPDATE ON IPA FINANCIAL AND OPERATING CONDITIONS, RESULTS AND PLANS
- ASSISTANT GENERAL MANAGER (BLAINE HAACKE): REPORT ON ACTIVITIES RELATED TO IPP RENEWED
- ACCOUNTING MANAGER (LINFORD JENSEN): UPDATE ON FINANCIAL CONDITION AND RESULTS AND OUTSIDE AUDITOR ACTIVITIES
- TREASURY MANAGER (VANCE HUNTLEY): UPDATE ON FINANCING ACTIVITIES, DEBT SERVICE, INVESTMENT OF FUNDS AND FUNDING NEEDS
- AUDIT MANAGER (CODY COMBE): UPDATE ON COMPLETED, ONGOING AND PLANNED AUDITS
10. ENGINEERING REPORT (SAIF MOGRI)
11. POTENTIAL CONSIDERATION OF CLOSED MEETING FOR ONE OR MORE OF THE FOLLOWING PURPOSES:
- CONDUCT A STRATEGY SESSION TO DISCUSS MARKET CONDITIONS RELEVANT TO A BUSINESS DECISION REGARDING THE VALUE OF AN IPA ASSET IF THE TERMS OF THE BUSINESS DECISION ARE PUBLICLY DISCLOSED BEFORE THE DECISION IS FINALIZED AND A PUBLIC DISCUSSION WOULD: (A) DISCLOSE THE APPRAISAL OR ESTIMATED VALUE OF THE IPA ASSET UNDER CONSIDERATION; OR (B) PREVENT IPA FROM COMPLETING ON THE BEST POSSIBLE TERMS A CONTEMPLATED TRANSACTION CONCERNING THE IPA ASSET
- DISCUSS A RECORD, THE DISCLOSURE OF WHICH COULD CAUSE COMMERCIAL INJURY TO, OR CONFER A COMPETITIVE ADVANTAGE UPON A POTENTIAL OR ACTUAL COMPETITOR OF, IPA
- DISCUSS A BUSINESS DECISION, THE DISCLOSURE OF WHICH COULD CAUSE COMMERCIAL INJURY TO, OR CONFER A COMPETITIVE ADVANTAGE UPON A POTENTIAL OR ACTUAL COMPETITOR OF, IPA
- DISCUSS A MATTER, THE DISCUSSION OF WHICH OUTSIDE A CLOSED MEETING WOULD PREVENT IPA FROM GETTING THE BEST PRICE ON THE MARKET
12. ADJOURN
13. TIME AND PLACE OF NEXT SCHEDULED MEETING
1:00 P.M. MDT
MONDAY, APRIL 21, 2025
IPA OFFICE
10653 S. RIVER FRONT PARKWAY, SUITE 120
SOUTH JORDAN, UT 84095
Notice of Special Accommodations (ADA)
For individuals needing special assistance during the meetings, please contact Lisa Harris at 801-938-1333.