Intermountain Power Agency Board Meeting - Revision 1
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General Information
- Government Type
- Special Service District
- Entity
- Intermountain Power Agency
- Public Body
- IPA Board
Notice Information
- Notice Title
- Intermountain Power Agency Board Meeting
- Notice Tags
- Public Meetings
- Notice Type(s)
- Meeting
- Event Start Date & Time
- May 17, 2025 09:00 AM
- Event End Date & Time
- May 17, 2025 02:00 PM
- Description/Agenda
- 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 MONDAY, MAY 19, 2025, FROM 9:00 A.M. TO 10:00 A.M. MDT, RECONVENING AT 12:30 P.M. MDT (TIMES ARE APPROXIMATE), AT THE INTERMOUNTAIN POWER GENERATING STATION, 850 WEST BRUSH WELLMAN ROAD, DELTA, UTAH 84624, AND VIA ZOOM. ZOOM MEETING LINK: https://us02web.zoom.us/j//9843637279 Meeting ID: 984 363 7279 Dial-in Number: (669) 900-9128 THE INTERMOUNTAIN POWER GENERATING STATION IS A SECURED ACCESS SITE. MEMBERS OF THE PUBLIC WHO WISH TO ATTEND THE MEETING IN PERSON MUST BRING A GOVERNMENT-ISSUED ID CARD AS PROOF OF IDENTITY. PERSONS REQUIRING ACCOMMODATION, INCLUDING IN RELATION TO ACCESSABILITY, MUST CONTACT IPA BY EMAIL CAITLYN@IPAUTAH.COM OR PHONE 801-938-1333 NO LATER THAN 5:00 P.M. FRIDAY, MAY 16, 2025, TO PROVIDE NOTICE OF THE NEED FOR SUCH ACCOMODATION. A G E N D A 1. INTRODUCTIONS AND ANNOUNCEMENTS (NICK TATTON, BOARD CHAIR) - IPA BOARD CHAIR ITEMS - BOARD COMMITTEE REPORTS 2. 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 DEBT SERVICE, INVESTMENT OF FUNDS AND FUNDING NEEDS - AUDIT MANAGER (CODY COMBE): UPDATE ON COMPLETED, ONGOING AND PLANNED AUDITS 3. ENGINEERING REPORT (SAIF MOGRI) 4. 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 5. RESOLUTION IPA-2025-008 CONSIDERATION OF APPROVAL AND ADOPTION OF INTERMOUNTAIN POWER AGENCY ANNUAL BUDGET FOR FISCAL YEAR 2025-2026 (KEVIN PENG) 6. RESOLUTION IPA-2025-009 CONSIDERATION OF APPROVAL OF DELEGATION OF AUTHORITY TO NEGOTIATE AND EXECUTE CERTAIN AGREEMENTS ON BEHALF OF INTERMOUNTAIN POWER AGENCY (KEVIN PENG) 7. RESOLUTION IPA-2025-010 CONSIDERATION OF AUTHORIZATION TO EXECUTE AGREEMENTS FOR PROJECT CONTROL PERSONNEL AND SITE SUPPORT PERSONNEL (INTERMOUNTAIN GENERATION STATION) (KEVIN PENG) 8. RESOLUTION IPA-2025-011 CONSIDERATION OF APPROVAL OF INCREASE IN EXPENDITURE AUTHORITY UNDER AGREEMENT NO. R22-007 (REMEDIAL ACTION SCHEME) (KEVIN PENG) 9. RESOLUTION IPA-2025-012 CONSIDERATION OF APPROVAL OF DELEGATION OF AUTHORITY TO DETERMINE DATE OF FIRM OPERATION (KEVIN PENG) 10. RESOLUTION IPA-2025-013 CONSIDERATION OF APPROVAL OF INCREASE IN EXPENDITURE AUTHORITY UNDER AGREEMENT NO. 51559 (PROCEDURES AND TRAINING) (KEVIN PENG) 11. RESOLUTION IPA-2025-014 CONSIDERATION OF AUTHORIZATION TO EXECUTE GENERATOR INJECTION RIGHTS AGREEMENTS AND INTERCONNECTED OPERATING PROTOCOLS AND PROCEDURES AGREEMENT (MILFORD III AND CAPE STATION) (KEVIN PENG) 12. RESOLUTION IPA-2025-015 CONSIDERATION OF ADOPTION OF AMENDMENT TO THE PRE-FUNDING PLAN (KEVIN PENG) 13. RESOLUTION IPA-2025-016 CONSIDERATION OF APPROVAL AND ADOPTION OF IPA ELEVENTH SUBORDINATED INDEBTEDNESS NOTE RESOLUTION (VANCE HUNTLEY) 14. POTENTIAL CONSIDERATION OF CLOSED MEETING, INCLUDING, WITHOUT LIMITATION, A TOUR OF THE GENERATING FACILITIES OF THE INTERMOUNTAIN POWER GENERATING STATION, 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; AND - DISCUSS A MATTER, THE DISCUSSION OF WHICH OUTSIDE A CLOSED MEETING WOULD PREVENT IPA FROM GETTING THE BEST PRICE ON THE MARKET. 15. ADJOURN 16. TIME AND PLACE OF NEXT SCHEDULED MEETING 1:00 P.M. MDT MONDAY, JULY 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 Caitlyn Cottrell at 801-938-1333.
- Notice of Electronic or Telephone Participation
- Zoom Meeting Link: https://us02web.zoom.us/j/9843637279 Meeting ID: 984 363 7279 Dial-in Number: (669) 900-9128 Meeting ID: 984 363 7279
Meeting Information
- Meeting Location
-
Intermountain Power Generating Station
850 Brush Wellman Road
Delta, UT 84624
Show in Apple Maps Show in Google Maps - Contact Name
- Lisa Harris
- Contact Email
- lisa@ipautah.com
- Contact Phone
- (801)938-1333
Notice Posting Details
- Notice Posted On
- May 17, 2025 01:41 PM
- Notice Last Edited On
- May 20, 2025 09:04 AM