regular session agenda northern wasco county …€¦ · staff conducted in determining their...

REGULAR SESSION AGENDA NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

Board Room, 2345 River Road, The Dalles, Oregon APRIL 2, 2019 6:00 p.m.

ITEM REQUESTED ACTION

A. Public Comment Period Presentation

B. Consent Agenda Motion

These items will be acted upon as a single item, unless any member of the board wishes to move an item to the regular agenda for separate consideration.

1. Regular Session Minutes of March 5, 2019 2. Special Session Minutes of March 12, 2019 3. February Outage Report 4. Energy Management/Marketing Report 5. Checks/Vouchers 6. February Financial Report 7. February Write Offs 8. Resolution #02-2019 In the matter of designating

Representatives as authorized signators for Bank of the West Accounts

C. Convene as Contract Review Board Motion

1. Consideration and approval to purchase a Tracked Hydraulic Derrick with Trailer and Attachments

D. Division Updates: Presentation

1. Engineering/Operations 2. Finance & Risk 3. Power Resources 4. Corporate Services 5. Key Accounts 6. Innovation & Planning 7. General Manager 8. General Counsel

E. New Business Motion 1. Energy Procurement 2. Consideration and approval to declare property

as surplus

F. Old Business Discussion

G. Board Reports / Items from Board Members Discussion 1. Oregon People’s Utility Districts Association (OPUDA) 2. Other

H. Approval of future meetings/travel/or related matters Discussion Future Meeting Dates:

1. April 2: PUD Board Meeting, 6 p.m. 2. April 3: PPC Forum, 3 pm – 5 pm, Sheraton @ PDX 3. April 4: PPC Exec Comm, 8 am – 12 pm, Sheraton @ PDX 4. April 19: OPUDA Board Meeting, 8:30 am, SDAO Office in Salem 5. May 1: NRU Board Meeting, 9 am – 2:30 pm, Sheraton @ PDX 6. May 1: PPC Forum, 3 pm – 5 pm, Sheraton @ PDX 7. May 2: PPC Exec Comm, 8 am – 12 pm, Sheraton @ PDX 8. May 7: PUD Board Meeting, 6 p.m. 9. May 19-22: NWPPA Annual Conference, Sacramento, CA 10. May 24: OPUDA Board Meeting, 8:30 am, SDAO Office in Salem 11. June 9-10: NRECA Financial Decision Making, Williamsburg, VA

I. Miscellaneous Information

J. Executive Session – ORS 192.660(2) (g) to consider preliminary negotiations

involving matters of trade or commerce in which the governing body is in competition with governing bodies in other states or nations.

Executive Session – ORS 192.660(2)(d) to conduct deliberations with persons

designated by the governing body to carry on labor negotiations.

This Agenda is subject to last minute changes. Meetings are ADA accessible. For special accommodations please contact the

Northern Wasco County PUD Office in advance, (541) 296-2226. TDD 1-800-735-2900.

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT REGULAR SESSION

MARCH 5, 2019

PRESENT: Connie Karp, President Roger Howe, Vice President

Clay Smith, Secretary Howard Gonser, Treasurer Dan Williams, Director

President Karp called the Regular Session to order at 6:00 p.m. The following individuals were present during the Regular Session: Counsel: James Foster NWCPUD Staff: General Manager Roger Kline; Assistant General Manager/Director of Power Resources Kurt Conger; Chief Innovation Officer Paul Titus; Executive Assistant Kathy McBride; CFO/Director of Finance & Enterprise Risk Harvey Hall; Senior Financial Analyst/Contracts, Risk and Supply Chain Sue Powers; Operations & Engineering Manager Pat Morehart; Key Accounts Manager Justin Brock; Director of Corporate Services Cyndi Gentry; Engineering Associate Garrett Mauritson; GIS Technician Jacob Kellogg; Engineer Ed Ortega; and Asset/Program Manager Steve Horzynek Visitors: Jeff Griffin, Wilson-Heirgood Associates There was no one wishing to provide public comment. There was no one present wishing to provide public comment. Items contained in the consent portion of the Agenda includes the following:

• Regular Session Minutes of February 5, 2019

• January Outage Report

• Energy Management/Marketing Report

• Checks/Vouchers

• January Financial Report

• January Write Offs

CONSENT AGENDA

PUBLIC COMMENT

NORTHERN WASCO COUNTY PUD REGULAR SESSION MINUTES MARCH 5, 2019 PAGE 2

The Board considered the approval of the March 5, 2019 Consent Agenda. {{{Director Williams moved to approve the March 5, 2019 Consent Agenda as presented. Director Howe seconded the motion; it was then passed unanimously.}}}

Jeff Griffin, Wilson-Heirgood Associates, stated that he is here tonight to present a PowerPoint presentation entitled “The Future of Risk Management”. This presentation allows the District to receive a 2% insurance premium discount under the Special Districts Insurance Services (SDIS) Best Practices Program. Griffin presented to the Board a copy of the Northern Wasco County PUD Renewal Summary. Griffin reported on the following items, which pertains to the District’s insurance coverage for 2019:

• The District will receive a $7,000 longevity credit this year.

• The District staff spends a lot of time working to meet the requirements under the SDIS’s Best Practices Program. There is an opportunity, each year, for the District to receive up to a 10% insurance premium discount.

• The credits are assigned to areas where insurers are experiencing losses.

• The average rate increase in insurance premiums this year for entities that SDIS represents is 7%. This increase is not because of their losses, it is due to reinsurance.

• The District’s base rates went down.

• The District’s reinsurance rate could increase by 5% next year.

• The District saw a 3.03% increase in premiums this year due to the increase in property values by approximately $685,000, and the increase in budget and payroll costs. The rating exposures went up.

• Inspection of the District’s infrastructure and assets will be conducted to ensure that values are accurate.

• A two-tier deductible level approach saves the District money.

• The District’s property and auto deductible levels are being reviewed and analyzed.

• The District has $10 million in liability coverage; $1 million in cyber liability coverage.

• The Dalles and McNary Hydroelectric Fishway Plants will be re-inspected; it is important to have accurate data on the value of the plants.

INSURANCE REVIEW


Some discussion occurred throughout the presentation after questions were raised by Board Members and General Counsel. The discussion pertained to the District’s deductible amounts, property coverage, and cyber security. Foster asked a question pertaining to cyber security and the installation of Advanced Metering Infrastructure (AMI), which will be monitored and managed outside the District by a third party. Foster asked Griffin to share any policy or contractual language that he comes across which protects the client from a third party. Griffin stated that contracts are going to be important as the District moves forward with AMI installation. At this time the PowerPoint presentation was presented entitled “The Future of Risk Management”. A copy of said PowerPoint presentation is hereto attached and marked as Exhibit 1. Some of the highlights from Griffin’s presentation are as follows:

• Under the SDIS Best Practices Program the District has the option of taking one of five different classes to qualify for a 2% premium discount.

• The insurance industry is heading for significant changes in risk management due to huge losses.

• During 2017, the Federal Emergency Management Agency (FEMA) experienced $17 billion losses or greater; three of them were hurricanes totaling over $350 billion in losses.

• These losses not only drive up insurance costs, but they will force entities to be instituted in risk management.

• Griffin believes that FEMA will require public entities across the country to have an Enterprise Risk Management (ERM) Program.

• Griffin and CFO/Director of Finance & Enterprise Risk Harvey Hall have had a conversation regarding enterprise risk management. Griffin is very impressed that Northern Wasco County People’s Utility District is already involved in risk management under the COSO ERM Program. Griffin noted that there are two forms of ERM; one is COSO and the other is ISO 31000.

• Cultural drift is “the difference between a written policy and the practice”.

• The five (5) steps to risk management are: ➢ Identity ➢ Analyze ➢ Make a Plan ➢ Execute the Plan ➢ Monitor/Modify the Plan

In closing, Griffin stated that in the future Wilson-Heirgood & Associates may recommend that cameras be installed on District vehicles.


At 6:39 p.m. the Board convened as the District’s Contract Review Board. Notice of Intent to award the Power Transformer Contract for the Tygh Valley

Substation Rebuild Project: Chief Innovation Officer Paul Titus stated that Engineering Associate Garrett Mauritson will present staff’s recommendation to award the Power Transformer Contract for the Tygh Valley Substation Rebuild Project. Engineering Associate Garrett Mauritson informed the Board that the District received proposals from five bidders. Staff and TriAxis, District Consultant, evaluated the bids and determined that Virginia Transformer was the lowest bidder based on lowest cost and highest value. The total bid without losses is $252,912. Discussion occurred regarding the proposal received from Virginia Transformer, the services that will be provided under the contract, and the evaluation of the bids received. Titus responded to questions from members of the Board by stating that the District has not previously purchased a transformer from Virginia Transformer. The delivery timeline is 20 to 22 weeks. In the electric industry it is not uncommon to have 20 to 30 weeks lead time for delivery of a transformer. Titus noted that the proposal included fees for storage. Titus stated it would be in the best interest of the District to store the transformer in the yard or onsite. A mover and crane would be needed to store the transformer and to relocate it to Tygh Valley. The transformer will be installed by Virginia Transformer; the installation will be overseen by the District. {{{Director Smith moved to accept staff’s recommendation to award the Station Transformer for the Tygh Valley Substation Rebuild Project to Virginia Transformer for a cost not to exceed $252,912. Director Gonser seconded the motion; it was then passed unanimously.}}}

Notice of Intent to award AMI Installations Contract: Engineering Associate Garrett Mauritson presented staff’s recommendation to award the Advanced Metering Infrastructure Meter Installation Contract for the AMI System Project. Mauritson stated that the District received four bids. The low bidder failed to

CONTRACT REVIEW BOARD


meet some requirements as a responsible bidder. Staff did more research on the low bidder’s qualifications. Mauritson stated that it is staff’s recommendation that the bid be awarded to the next lowest bidder, Anixter Inc. for the cost of $288,660. Discussion occurred regarding the qualifications of the low bidder, the research that staff conducted in determining their recommendation, the approximate installation cost per meter, and the estimated time to install an AMI meter. Mauritson briefly described the AMI meter installation process. The process takes less than 10 minutes for a normal installation. {{{Director Williams moved to accept staff’s recommendation to award the Advanced Metering Infrastructure Meter Installation Contract for the AMI System Project to Anixter Inc. in the amount of $288,660. Director Smith seconded the motion; it was then passed unanimously.}}} At 6:54 p.m. the Board adjourned as the Contract Review Board and reconvened into Regular Session. Engineering/Operations: Operations and Engineering Manager Pat Morehart provided the following report: The Dalles Marina Rebuild Project:

• The Dalles Marina Rebuild Project is moving along at a slow steady pace.

• The contractor has been installing the stainless-steel raceways for the conductors and the meter pedestals.

• On March 11th the Marina’s management will be shutting down the marina for Oregon Marine to mobilize their cranes to lift the transformer flats and transformers into place.

• Conductors will be installed, and the meter bases energized.

• The snow and cold weather have been a factor in getting the work completed.

• The project is scheduled for completion at the end of April 2019.

• Photographs of the Marina were shown to the Board at this time. Copies of the photographs are hereto attached and marked as Exhibit 2.

Public Contracting Rules and Policy:

• This past month Morehart, along with Chief Innovation Officer Paul Titus, Chief Financial Officer/Director of Finance & Enterprise Risk Management Harvey Hall, Senior Financial Analyst/Contracts, Risk and Supply Chain Sue Powers, and

DIVISION UPDATES


General Counsel James Foster wrote an appendix to the District’s Public Contracting Rules & Policy.

• These operational definitions of construction work as public improvements versus services are in the interest of compliance with the District policy and Oregon’s public contracting laws.

• The definitions outline the work staff can assign to a contract services crew without specifying projects.

• The definitions allow staff the flexibility to assign day to day tasks.

Outages:

• On the morning of February 17, 2019, the District began experiencing outages due to the impact of the cold and snow on the electric system. The weight of the snow began to pull service conductors down and break tree limbs onto the conductors.

• Between 5 a.m. and approximately noon the District’s line crew had addressed 31 trouble calls including one call from fire dispatch to de-energize a service to a residential structure due to an electrical fire in the service panel.

• By 12:30 p.m. that afternoon all electrical service had been restored.

• Trees Inc, District Contractor, was called to assist the line crew with various tree limb issues in back lot lines and trees broken and threatening the District’s electric system.

• That same evening at approximately 7 p.m. Wasco County Sheriff Dispatch reported a car hit a power pole in the 2800 block of Three Mile Road.

• The non-injury accident resulted in a broken primary pole.

• An outage was required from Steele Road to the end of the line on Three Mile in order to make the needed repairs. The outage started at around 8:30 p.m. and lasted until 1:30 a.m. on Monday, February 18th.

• On Monday, February 25th snow broke down several spans of the District’s primary neutral that is overbuilt on a Bureau of Reclamation primary circuit.

• The line was in a hard to reach area and the District’s line crew was able to use the ATV outfitted with snow tracks to ferry personnel and equipment into the area.

• The linemen had to climb each pole to make repairs.

• The Bureau of Reclamation’s circuits were repaired as well by the District’s line crew.

• Photographs of the District responding to the recent snow storm outages were shown to the Board at this time. Copies of these photographs are hereto attached and marked as Exhibit 3.


Michels Power:

• Michels Power, District Contractor, has been making good progress on the projects assigned to them prior to and throughout the current snow event.

• The District has allowed Michels Power to deploy three times to render aid to utilities in Washington and currently to Consumers Power and Lane Electric.

• Should the District require assistance, Michels Power would be called back to The Dalles immediately as we are their first priority.

• Michels Power is expected back on Monday, March 11th.

Engineering & Operations:

• District staff is scheduling another round of Public Utility Commission (PUC) required pole inspections with Osmose, District Contractor.

• Osmose is scheduled to start in June inspecting poles in the Rowena area.

Staffing:

• Financial Analyst Nichole Fimple is joining the Engineering and Operations Departments as the Engineering and Operations Coordinator.

• Fimple’s primary duties will be focused on administratively processing work orders as the work is being developed, executed and then closed out.

• Fimple will create a smooth flow of the transitioning of the work orders from the Engineering and Operations Departments to the Finance Department for final accounting and closing.

• This work will prevent end of year backlogs, timely billing for developers, and accurate asset accounting going forward.

• The District has filled the position of Joint Use and Reliability Compliance Program Manager. Tom McGowan has been hired; he comes with an extensive background in joint use.

• McGowan is known throughout Oregon; he has served on several state and regional committees and associations dealing with Oregon joint use regulations.

• McGowan begins working for the District on Monday, March 11th.

• The District has hired Doug Daniels, a Journeyman Wireman from Goldendale, to fill the represented position of Substation Wireman Technician.

• Daniels will be working with Engineering Associate Garrett Mauritson to develop a District Substation Department.

• Daniels has extensive and vast hands on experience with system protection relays, high voltage switch gear, and other protective and monitoring equipment.

• Daniels will be a huge asset to not only the substation and system protection, but his technical skills will also be employed at The Dalles and McNary Hydroelectric Fishway Plants.

• Daniels first day will be Monday, March 18th.


Finance & Risk: Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall reported as follows: Staffing:

• Financial Analyst Nichole Fimple has been selected as the Engineering and Operations Coordinator.

• Dan O’Connell has been hired to take Fimple’s job doing billing and accounts payable.

• O’Connell is a 30-year veteran of finance, billing, accounts payable, and payroll.

• O’Connell will begin working for the District the week of March 11th.

Financials:

• Net Income was a positive $239,000 for the month.

• January was a warm month.

• The District experienced 3.6% higher load in February as compared to January 2019.

Audit:

• Moss Adams, District Auditor, left on Friday, March 1, 2019, after conducting a field visit last week.

• There are no findings for the District; it is a clean audit so far.

• The Auditor has found that the District is in compliance with all standards. Moss Adams is looking to the District to formalize some policies, which will tie into the District’s ERM work.

• So far, the audit is looking clean.

Enterprise Risk Management:

• Executive Assistant Kathy McBride went through District records to pull together District policies. Senior Financial Analyst/Contracts, Risk and Supply Chain Sue Powers and General Counsel James Foster are working on reviewing these policies. The review of policies is one of the District’s main projects this year.

• This summer, staff will take the first initial inventory for each major division of the District; identifying what would be the risk to the District if we were not to achieve our goals.

• The Audit Risk Committee will look at these identified risks and will determine if the District has a management plan for those risks.


Hall presented a PowerPoint Presentation entitled “Enterprise Risk Management: Risk Process – Establish the Context”. A copy of said PowerPoint Presentation is hereto attached and marked as Exhibit 4. Highlights from Hall’s presentation are as follows:

• Establish the context includes: ➢ Internal context ➢ External context ➢ Risk management context ➢ Criteria ➢ Define the structure

• An organization’s internal context includes: ➢ The factors that influence how it manages risk and tries to achieve

objectives include our approach to governance, philosophy of risk, capabilities, culture and standards.

➢ Governance includes the District’s structure, policies, objectives, roles and decision-making process.

➢ Capabilities include the District’s knowledge, human, technological, and capital resources.

• An organization’s external context includes: ➢ The factors that influence how it manages risk and tries to achieve

objectives include customers, legal and regulatory, economy, technology and political.

• The risk management context is the principles, policy and framework that guide how the District will manage risk and sets the criteria for how risks will be assessed.

• Define the criteria is the standards, measures and expectations that guide how the District will judge the significance of a risk to be assessed.

• Define the structure is the responsibilities and escalation levels for dealing with risks. The oversight of the District Enterprise Risk Management (ERM) Program has two important bodies: Risk Oversight Committee (EMT) and Audit/Risk Committee.

• The Audit Risk Committee assists the Executive Management Team and the Board of Directors in fulfilling their oversight responsibilities. The Audit/Risk Committee reviews and assesses information in relation to District policies and strategic plan, recommend actions if needed, and report to the Board of Directors.

• The Audit Risk Committee consists of Directors Connie Karp and Roger Howe, General Counsel James Foster, Senior Financial Analyst/Contracts, Risk and Supply Chain Sue Powers, Senior Financial Analyst Lana Egbert; and CFO/Director of Finance & Enterprise Risk Harvey Hall.


• On March 18th the Audit Risk Committee will have their first meeting to receive the first review of the District’s 2018 Financial Audit by Moss Adams, District Auditor.

Power Resources: Assistant General Manager/Director of Power Resources Kurt Conger reported as follows: Hydro Departments:

• The Dalles and McNary Hydroelectric Fishway Plants are running well after winter outages concluded in January and February.

• The Dalles Fishway successfully restarted on February 12, 2019, after testing and commissioning the new exciter.

• Chief Hydro Plant Operator Jay Bonogofsky retires in April.

• Two new Hydro Operators were hired for The Dalles Fishway to backfill some of the part time Hydro Operators who are looking at retiring.

• One new hire is a mechanical specialist and the other is an electrical specialist.

• Both individuals will begin work on Monday, March 18, 2019, as trainees at a percentage of the normal operator trade rate.

• Power prices have been very favorable for the output at The Dalles Fishway.

Enel X Reverse Auction:

• On February 20, 2019, the District held the Enel X Reverse Auction. President Connie Karp was in attendance.

• The District purchased 10 MW flat for Quarters 3 and 4, 2019, and Calendar Year 2020; 132,000 MWh; value is approximately $4.26 million.

• The average price was $32.3/MWh.

Quenett Creek:

• The energization of Quenett Creek Substation is scheduled for the end of April 2019.

• The dedication ceremony will be held in May or June after all work has been completed at the Chenoweth Substation.

Market Price Update:

• Various PowerPoint Slides regarding market prices were shown to the Board at this time. Copies of these PowerPoint Slides are hereto attached and marked as Exhibit 5.


Some discussion occurred during Conger’s PowerPoint Presentation regarding market prices, how the market affects the District’s customers, and the Enel X Auction results. Corporate Services: Director of Corporate Services Cyndi Gentry reported as follows: Phone Payment System:

• The District had a great implementation kickoff for the phone payment system.

• When the phone system began having problems, the District had received a total of 164 payments through the payment system.

• Staff was able to determine that Southeastern Data Cooperative (SEDC) IVR System is not a phone system; it is a payment system.

• The phone payment system was shut down by District staff to upgrade the phone system to include a front end IVR option to direct the calls. Staff is hoping to have the phone payment system back in operation this week.

• Calls will be pushed to the SEDC’s payment system for customers to make payments.

• Outage calls will be pushed to customer service.

Advanced Metering Infrastructure (AMI) Communications:

• Staff has received a few emails, took a phone call and had a conversation with a customer at the front office counter regarding the District’s Advanced Metering Infrastructure Program.

• Customers are reading the District’s AMI flyers.

• The District’s website was viewed at this time showing information on Advanced Meters.

• Staff is working on updating the information to include an answer to the question “Why can’t I opt out?”.

• Some of the positive information on Advanced Meters will be used in Facebook posts as the District gets closer to installation. The goal is to state the good things that smart meters will do for our customers.

• Energy Management Technician Travis Hardy is doing an excellent job updating the District’s website.

Some discussion occurred regarding AMI meters. Key Accounts: Key Accounts Manager Justin Brock reported as follows:


District Load:

• The District’s total retail load averaged 113 MW for the month of February and established a new record high of 129.75 MW.

• Yesterday, March 4th, this mark was again surpassed by almost a full MW.

• The District is experiencing growth. The District’s total customer count is 10,131. A year ago, that number was approximately 50 less for the single-phase service, and a year before that 40 less.

• Other customer classes such as Demand, have also seen a slight increase in customer accounts.

• This growth is around a half of a percent (0.5%).

City of The Dalles:

• The City of The Dalles has embarked on developing an Economic Opportunities Analysis and Action Plan in partnership with a strategy action firm and community members. The District has been invited to become a participant on a committee.

• The economic opportunities analysis will be aligned with the Comprehensive Economic Development Strategy prepared by the Mid-Columbia Economic Development District.

• The project is aimed to provide an analysis of The Dalles’ assets, and what actions are needed locally to enhance opportunities in the community.

• The Economic Opportunities Analysis and Action Plan will do the following: ➢ Establish a vision and a framework for long-term economic gains and will

communicate those visions and values between partners and stakeholders.

➢ Provide demographic, social, and an economical baseline in identifying assets and challenges.

➢ Offer a detailed outline with competitive industries, investment needs, and action strategies; both now and in the future.

➢ Identify what gaps in professional talents exist and fill with a workforce grown locally, as well as those brought into the area.

➢ Outline potential new enterprises and startups looking to grow in The Dalles.

➢ Leverage and promote the area and the quality of the community.

• Preliminary data from the analysis indicate that population projections for The Dalles will range from 1% to 1.5% growth annually over the next 20 years.

• One step that the District is taking to prepare for this growth is through enhancements and efficiencies in our own day to day operations. Equipped with the right tools paired with technology.

Brock stated that he has asked GIS Technician Jake Kellogg to present a new tool, an iPad which is being used by Operations and Engineering staff out in the field. Kellogg


has spearheaded this project from developing the business case, to its proof of concept, to now showing you, the Board of Directors, a live product. GIS Technician Jake Kellogg stated that he began working on this project in September or October of last year. Kellogg using the iPad was able to show the Board what staff can view while out in the field. Maps of the District’s electric system, from transmission to the distribution system can be viewed on the iPad. Staff is able to search by meter and to determine how customers are impacted during an outage, just to name a few. Engineer Ed Ortega informed the board what staff has been able to do with this new iPad device. The iPad has a built in GPS system with an accuracy of 10 to 15 feet. Ortega is able to begin a staking job out in the field, put in all major components, save it and then come back into the office and upload the project to the server. Ortega can then begin editing and porting the information into the system. Notes made out in the field can be used to create the work order. It saves him time in the field. Photographs can also be taken using the iPad. In closing, Kellogg informed the Board that there are many examples on how this iPad device has helped staff do their jobs. These devices have multiple pieces that can be built onto the system. Staff is coming up with new ideas on how to work with these iPad devices. Some discussion occurred after a question was raised by Director Howe on the District’s relationship with Mid-Columbia Economic Development District. General Manager Roger Kline responded by stating that the District was invited by the City of The Dalles to participate on the committee that Brock reported on. District staff was somewhat aware of growth in the city; an increase in growth of 1% to 1.5% annually is a lot. Some discussion occurred regarding the iPad’s capabilities and the various benefits that staff is seeing in using this device out in the field. Brock informed the Board that he will be reporting on electric vehicles at next month’s Board Meeting. Innovation & Planning: Chief Innovation Officer Paul Titus reported that he missed last week’s AMI Weekly Meeting. There is nothing, at this time, that would put the District off our AMI installation schedule.


Titus stated that staff is investigating whether the District should relocate the Tygh Valley Substation closer to the road or to the entrance to the White River Falls State Park. Relocation of the substation will provide better response times, along with better access. If relocation does not make sense, the District will rebuild at the same location. General Manager: General Manager Roger Kline provided the following report:

• As reported earlier, the District’s load peaked at 129.7 MW earlier in the month of February; yesterday a new high was reached at 130.5 MW.

• A post on the District’s Facebook page was shown to the Board. The post was regarding how “nutty weather can lead to higher power bills”. The post is a reminder that the District’s rates do not change during the winter, but the customer’s consumption does.

• The District’s write offs are decreasing over time. Staff is very diligent and compassionate to our customers, especially during the cold of winter.

• On Friday, March 1st Kline attended the City of The Dalles’ Economic Opportunities Analysis and Action Plan Meeting where economic development and growth were discussed.

• Later that day Kline attended the Oregon Cap and Trade Field Hearing at The Dalles Civic Auditorium, as did Director Howard Gonser. Kline provided testimony at the hearing. Said testimony will be shared with members of the Board of Directors. Each person was allowed to provide two (2) minutes of testimony. Utilities providing testimony at the hearing included: Northern Wasco County People’s Utility District, Hood River Electric and Umatilla Electric. Wasco Electric Cooperative was also in attendance.

Some discussion occurred after Director Gonser made several comments regarding his observation at the Oregon Cap and Trade Field Hearing last week. Kline reported in closing that he had lunch with the City of The Dalles Mayor Richard Mays. Mayor Mays invited Kline and the District to present the State of the PUD address at the March 11th City Council Meeting, which begins at 5:30 p.m. in the City Council’s Chambers. Kline invited members of the Board of Directors to attend said presentation. General Counsel: General Counsel James Foster reported that he spoke to the Board back in November 2018, regarding governance policies. Foster will be working with staff to create and/or update governance policies for the Board of Directors. These policies will address the Board’s responsibilities and how the Board operates.


Foster has been looking at various documents from other utilities. He has seen governance policies ranging from 15 pages in total up to 96 pages. Foster intends to provide the Board with a draft document, which will include some alternate revisions for the Board to consider. The document will be reviewed prior to scheduling a Work Session for the Board to consider the proposed policies. Foster anticipates that the Work Session would be held during April or May 2019. Foster noted in closing, that this document is important to the Board and will be even more important to new Board Members. Director Williams asked Foster a question pertaining to a comment made by Operations and Engineering Manager Pat Morehart regarding the development of an appendix to the District’s Public Contracting Rules & Policy. Foster responded by stating that the appendix is a guideline for distinguishing different types of work. It is not a modification to the adopted Board policy. The appendix does not need to be approved by the Board of Directors. The Board just needs to be made aware of the appendix. Director Smith had a couple of questions, which he felt might need to be discussed in Executive Session. Foster asked if the questions have to do with the ongoing litigation against the State of Oregon and the Oregon Department of Energy. If so, Foster has not seen anything come through his inbox. Parties will be looking at another possible filing, but no decision has been made as of now. Foster’s response answered Director Smith’s questions. Consideration and adoption of Resolution #01-2019 in the matter of the

designation of Special District Registered Office and Registered Agent: General Manager Roger Kline stated that staff discovered that the District is in need of updating by Resolution the designated Registered Agent. Staff is recommending that the Board approved Resolution #01-2019 in the matter of the designation of Special District Registered Office and Registered Agent. General Counsel James Foster recommends that the Board adopt said Resolution.

NEW BUSINESS


{{{Director Smith moved to approve Resolution #01-2019 in the matter of the designation of Special District Registered Office and Registered Agent. Director Howe seconded the motion; it was then passed unanimously.}}} USDA Rural Economic Development Loan & Grant Program: CFO/Director of Finance & Enterprise Risk Harvey Hall informed the Board that he has been in contact with Curt Dixson, USDA Rural Economic Development Loan & Grant Program Representative, regarding their loan and grant program. Hall will have a conversation with the District’s bond counsel after obtaining more information on the USDA’s Rural Economic Development Loan and Grant Program. If a loan is taken out the District will need to disclose said matter to our bond holders. Hall had a discussion with Mid-Columbia Economic Development District (MCEDD) Executive Director Amanda Hoey. MCEDD could administer the USDA Rural Economic Development Loan & Grant Program for the District, in terms of acquiring and setting up a loan. However, in terms of who gets a loan is a function of the Board of Directors. Hall stated that he wants to ensure that the District can participate in this program and that the District remains in compliance with existing bond requirements. Director Gonser stated that he has no interest in the USDA Rural Economic Development Loan & Grant Program. The focus of the District has always been on electricity. Director Howe agreed with Director Gonser. Director Williams stated that this has to do with risk management. Director Williams is not interested in participating in the Program as well. Director Smith concurred with his fellow Board Members. President Karp stated that the agencies who apply for the District’s Economic Development Grant dollars would not be able to repay such a loan under the USDA’s Rural Economic Development Loan & Grant Program. Director Howe suggested that it may be the time to discontinue calling the District’s program “economic development”, but instead calling it “community enhancement”. The District could then get rid of the terminology of “bricks and mortar”.

OLD BUSINESS


Some discussion occurred regarding the USDA Rural Economic Development Loan & Grant Program and the District’s Economic Development Grant Program. General Counsel James Foster reminded the Board that the District’s program is called economic development since there is enabling legislation under Oregon Revised Statute (ORS) Chapter 261. Foster will work with the Board to determine what the District can or cannot do after reviewing the Oregon Revised Statutes. Executive Assistant Kathy McBride and General Counsel Foster will work together regarding the District’s current Economic Development Grant Program. In the meantime, General Manager Roger Kline will respond to the letter received by the Board of Directors from Loyal Quackenbush, Wasco County/The Dalles Museum Commission Member. Oregon People’s Utility Districts Association (OPUDA): Director Howe reported that he spoke to Danelle Romain, The Romain Group, regarding OPUDA’s Lobby Day scheduled on Thursday, March 21, 2019. Romain indicated that coffee and donuts will be served for breakfast that morning at the Oregon State Capitol. A small lunch will be served to save time and for convenience.

March 6, NRU Board Meeting - Connie Karp, Roger Howe, Clay Smith, Howard

Gonser and Dan Williams March 6, PPC Forum - Connie Karp, Roger Howe, Clay Smith, Howard Gonser

and Dan Williams March 7, PPC Executive Committee – Connie Karp, Roger Howe, Clay Smith, Howard Gonser and Dan Williams March 21, OPUDA Lobby Day – Connie Karp, Roger Howe, Howard Gonser and

Dan Williams March 22, OPUDA Board Meeting – Connie Karp, Roger Howe, Howard Gonser

and Dan Williams April 3, PPC Forum – Connie Karp, Roger Howe, Clay Smith, Howard Gonser

and Dan Williams April 4, PPC Executive Committee – Connie Karp, Roger Howe, Clay Smith,

Howard Gonser and Dan Williams

BOARD REPORTS / ITEMS FROM BOARD MEMBERS

APPROVAL OF FUTURE MEETINGS/TRAVEL/OR RELATED MATTERS


April 19, OPUDA Board Meeting - Connie Karp, Roger Howe, Clay Smith, Howard Gonser and Dan Williams

At 8:46 p.m. President Karp recessed the Regular Session to convene into Executive Session as authorized by ORS 192.660(2) (g) to consider preliminary negotiations involving matters of trade or commerce in which the governing body is in competition with governing bodies in other states or nations. Those present for the Executive Session included the Board of Directors; General Counsel James Foster; General Manager Roger Kline; Assistant General Manager/Director of Power Resources Kurt Conger; Chief Innovation Officer Paul Titus, Key Accounts Manager Justin Brock; Director of Corporate Services Cyndi Gentry; CFO/Director of Finance & Enterprise Risk Harvey Hall; Operations & Engineering Manager Pat Morehart; and Executive Assistant Kathy McBride. At approximately 9 p.m. President Karp convened the Board into Executive Session as authorized by ORS 192.660 (2)(d) to conduct deliberations with persons designated by the governing body to carry on labor negotiations. Those present for this portion of the Executive Session included the Board of Directors; General Counsel James Foster; General Manager Roger Kline; Assistant General Manager/Director of Power Resources Kurt Conger; Chief Innovation Officer Paul Titus, Key Accounts Manager Justin Brock; Director of Corporate Services Cyndi Gentry; CFO/Director of Finance & Enterprise Risk Harvey Hall; Operations & Engineering Manager Pat Morehart; and Executive Assistant Kathy McBride. At 9:17 p.m. the Board adjourned from Executive Session to return to Regular Session. There being no further business the meeting adjourned at 9:18 p.m. ___________________________________ President ATTEST: _____________________________ Secretary

EXECUTIVE SESSION

The Future Of Risk

Management

Presented by Jeff Griffin, 2019

Kathy-McBride

Typewritten Text

EXHIBIT 1

2017 FEMA Disasters Over $1B

Risk Management• The keys to success:

1. Enterprise Risk Management

2. Continue Developing Just Culture

3. Enhancing Continuous Improvement Processes

4. Pair ERM with Future Plans

5. Continue Developing the Critical Decision Making Process

Cultural Drift

• Cultural drift is “the difference

between a written policy and the

practice

Policy Practice

If it is PREDICTABLE

It is PREVENTABLE

Regulations and standards are only the

starting point for a quality Risk Leadership

program.• 7.5% of injuries and law suits are attributed to “things”

Focusing on the Human Factor is the key to a successful Risk Leadership program.• 92.5% of all injuries have one common thread!

Building on the Basics

• The 5 steps to Risk Management

• Identify

• Analyze

• Make a Plan

• Execute the Plan

• Monitor/Modify the Plan

Cultural Drift

How the Service Approaches Safety

• The Process • Policy/Guideline/Practice

• Training

• Environment Issues

• Practices

• PPE

• Human

Walls of defense between

an action and an event

P T E H

Policy

Training

Environment

Human

Our Greatest Asset is Our People:

• Doing The Right Thing

• At The Right Time

• In The Right Way

• With The Right Attitude

• For The Right Reasons

Kathy-McBride

Typewritten Text

Kathy-McBride

Typewritten Text

EXHIBIT 2

Kathy-McBride

Typewritten Text

EXHIBIT 3

Enterprise Risk Management

Risk Process – Establish the Context

Northern Wasco County PUD

Discussion – March 5, 2019

Kathy-McBride

Typewritten Text

EXHIBIT 4

2

Prelude

What we are considering tonight in the Districts Risk Management Process.

3

Prelude

ESTABLISH THE CONTEXT

- The Internal Context- The External Context

- The Risk Management Context- Develop Criteria

- Define the Structure

4

An organization’s internal context includes:

• The factors that influence how it manages risk and tries to achieve

objectives:

• Our approach to governance

• Philosophy of Risk

• Capabilities

• Culture

• Standards

• Governance includes the Districts:

• Structure, Policies, Objectives, Roles and Decision making

process

• Capabilities include the District’s:

• Knowledge, human, technological, capital resources

The Internal Context

5

An organization’s external context includes:

• The factors that influence how it manages risk

and tries to achieve objectives:

• Customers

• Legal and Regulatory

• Economy

• Technology

• Political

The External Context

6

It is the principles, policy and framework

that guide how the District will manage risk

and sets the criteria for how risks will be

assessed.

The Risk Management Context

7

This is the standards, measures and

expectations that guide how the District will

judge the significance of a risk to be

assessed.

Define the Criteria

8

This is the responsibilities and escalation

levels for dealing with risks. The oversight

of the District ERM program has two

important bodies:

• Risk Oversight Committee (EMT)

• Audit/Risk Committee

Define the Structure

9

Assists executive management and the

Board of Directors in fulfilling their

oversight responsibilities.

The Audit/Risk Committee reviews and

assesses information in relation to District

policies and strategic plan, recommend

actions if needed, and report to the Board of

Directors.

Audit Risk Committee

10

Composed of:

• Connie Karp

• Roger Howe

• Jim Foster

• Sue Powers

• Lana Egbert

• Harvey Hall

First meeting is March 18th to receive first

review of 2018 Financial Audit by Moss

Adams.

Audit Risk Committee

The Energy Authority Market Update: 2/6/2019The good news: There is downward pressure on energy prices due to low, relatively stable Natural Gas prices in the long term

The bad news: Upward pressure on energy prices is likely the dominant long term force due to expected capacity shortfall beginning

in 2020; The region will be short due to coal retirements in WA/OR (see below)Carbon-free legislation is limiting new builds of natural gas too

Expect increased short term/episodic market volatility of energy prices:Baseload resources (coal/natural gas) are being replaced by variable resources (solar/wind) putting substantial and increasing pressure on existing natural gas resourcesPoor water years exacerbate volatility, particularly during peak load periods

The punchline: A short position in 2020 and beyond is more risky than it has been in the past.

Kathy-McBride

Typewritten Text

EXHIBIT 5

Basin Hydrologic Indicators as of 3-4-2019

Natural Flow to Date – Percent of Average Snowpack – Percent of Average

The Dalles Dam

Approximately two thirds of natural flow at The Dalles Dam is from areas on these maps that are currently below average (yellow and orange) so inflow forecasts remain below normal.

Price Indicators – Short Term Q3 Volatility?

Q3 Temperature Outlook Q3 Water Supply Outlook

Mid-C Price Trends (as of 3-4-2019)

Forecast Date Mar-19Monday March 04 2019 122.083Friday March 01 2019 156.757

Date On Peak Off PeakMonday March 04 2019 890.56$ 832.05$ Friday March 01 2019 154.00$ 172.99$

Closing Price data as of03/04/2019

Period Flat HLH LLHApr-19 28.61$ 31.50$ 25.00$ May-19 17.58$ 20.00$ 14.50$ Q2-2019 22.50$ 26.40$ 17.45$ Q3-2019 48.16$ 58.75$ 34.80$ Q4-2019 31.93$ 35.25$ 27.75$ CY-2020 30.66$ 36.15$ 23.65$ CY-2021 34.93$ 40.95$ 27.25$

Forward Prices for Mid-C

Closing Price data as of02/20/2019

Period Flat HLH LLHMar-19 36.36$ 39.00$ 33.00$ Apr-19 22.10$ 24.00$ 19.50$ Q2-2019 18.56$ 22.70$ 13.20$ Q3-2019 43.10$ 53.75$ 29.65$ Q4-2019 29.76$ 32.75$ 26.00$ CY-2020 28.78$ 33.65$ 22.55$ CY-2021 33.13$ 38.55$ 26.20$

Forward Prices for Mid-C

2/20/2019Q3-2019 44.00$ Q4-2019 30.50$ CY-2020 29.75$

Auction Purchase PricePeriod

• 10 MW = small, odd lot• Coal source exclusion

Enel X Auction on 2/20/19

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT SPECIAL SESSION

MARCH 12, 2019

PRESENT: Connie Karp, President

Roger Howe, Vice President Clay Smith, Secretary

Howard Gonser, Treasurer Dan Williams, Director

President Karp called the Special Session to order at 11:00 a.m. The following individuals were present during the Special Session: Counsel: James Foster NWCPUD Staff: General Manager Roger Kline; Chief Innovation Officer Paul Titus; Executive Assistant Kathy McBride; CFO/Director of Finance & Enterprise Risk Harvey Hall; Key Accounts Manager Justin Brock; Director of Corporate Services Cyndi Gentry; Asset/Program Manager Steve Horzynek; Senior Financial Analyst/Contracts, Risk and Supply Chain Sue Powers; Hydro Plant Operator Adam Aguilar; Chief Hydro Plant Operator Jay Bonogofsky; Journeyman Lineman Shawn Brumley; Business Analyst Robert Casaubon; Power Resources Coordinator Korenna Colquitt; Warehouseman Don Dowers; Senior Financial Analyst Lana Egbert; Engineering Associate Nathan Ericksen; Engineering & Operations Coordinator Nikki Fimple; Meter Reader Cesar Garcia; Utility Worker Jeff Handley; Energy Management Specialist Travis Hardy; Senior Financial Analyst Suzanne Haworth; Chief Hydro Plant Operator Greg Hendricks; Power Resources Specialist Jen Kelly; GIS Technician Jacob Kellogg; Energy Specialist Lance Kublick; Customer Service Representative Laurie Layton; Journeyman Lineman Ryan Manciu; Engineering Associate Garrett Mauritson; Hydro Plant Operator Bob McBain; Apprentice Lineman Tucker McCabe; Joint Use Specialist Manager Tom McGowan; Help Desk Analyst Keith Michaels; Lead Customer Service Representative Lili Narcisco-Garcia; Engineer Ed Ortega; Financial Technician Bethany Pounds; Customer Service Representative Haley Red Cloud Windsor; Serviceman/Journeyman Lineman Ted Rosenburg; IT System Administrator Jon Schellinger; Meter Reader Josh Sperber; Arborist Dave Taphouse; Operations Support Analyst Jimmy Wells; and Journeyman Lineman Jim Wilson. Visitors: Iris Tilley, Barran Leibman, LLP

PRESENTATION AND DISCUSSION ON REQUESTS FOR PROPOSALS

SUBMITTED FOR RETIREMENT PLANNING SERVICES

NORTHERN WASCO COUNTY PUD SPECIAL SESSION MINUTES MARCH 12, 2019 PAGE 2

At 1:31 p.m. the Board of Directors convened as the Board of Trustees for Northern Wasco County People’s Utility District Retirement Plan. President Karp called on the District’s Special Counsel Iris Tilley to make a presentation on the Request for Proposals received for the Board of Trustees’ consideration. Special Counsel Iris Tilley began her presentation by providing staff with the following background information which has led the District to issue a Request for Proposals for Retirement Plan Services:

• The District currently offers a 401(k) and a 457(b) Plan.

• Since the District is a governmental entity both plans can be made available to staff.

• The 401(k) Plan can be offered by both private and public employers.

• The 401(k) Plan has a cap on how much can be contributed to the plan per year; this year you can invest $19,000 of your own money. The amount can go up to $53,000 to include the employer contribution.

• The 457(b) Plan allows you to invest an additional amount up to $19,000.

• The 457(b) Plan differs a little bit from the 401(k) Plan; the 457(b) allows you to get the money out a little earlier.

• Currently there are more participants utilizing the 401(k) Plan than there are utilizing the 457(b) Plan.

• Nationwide has been providing services to the District for years.

• Nationwide is both the investment advisor, as well as the record keeper. Everything is consolidated.

• In recent years, services that use to be provided by Nationwide were no longer being provided, such as investment education and annual review of the investment funds with District Trustees.

• Nationwide was not providing services that District staff members needed.

• The District was approached by a Northwestern Mutual representative with a proposal that they would provide an additional level of service on top of what Nationwide is currently providing. Northwestern Mutual proposes to provide staff with financial planning and investment services. In person meetings could be set up locally with a Northwestern Mutual representative.

• Nationwide’s fees are set in a way to encompass all services. Some of these services are not currently being received by the District.

• Nationwide is not providing individual financial services to staff.

• Nationwide’s fees when compared to other potential vendors seem high.

• Northwestern Mutual would negotiate with Nationwide to bring down the investment fees and the other fees for services that the District is not receiving.

• Northwestern Mutual would come in and provide individualized services.


• General Manager Roger Kline and Tilley determined, at the time the District was approached by Northwestern Mutual, that it would be in the best interest of the District to issue a Request for Proposals for Retirement Plan Services.

At this time, Tilley began her PowerPoint Slide presentation entitled “Retirement Plan RFP Summary Report to Trustees”. A copy of which is hereto attached and marked as Exhibit 1. Tilley began by discussing the PowerPoint slide entitled “Potential Vendor Summary”. Tilley noted that today’s presentation will not be in order as shown in her PowerPoint slides. Some of the highlights of Tilley’s comments on the responding vendors are as follows: Northwestern Mutual:

• Northwestern Mutual came out and said that they would be able to cut the Nationwide investment fees down just under a percentage point.

• Northwestern Mutual assumes there will be changes in the investments.

• Northwestern Mutual has a great website.

John Coats, Retirement Advisor/John Hancock, Record Keeper:

• John Coats is a local investment advisor.

• Coats would be the person that would meet individually with staff; looking at their full financial picture or just the 401(k) component.

• Tilly gets a little nervous when there is an individual advisor since it tends to be a little bit of a sales act. The District in no way is saying that staff needs these additional services that may be offered by the retirement advisor.

• Coats’ proposal included partnering with John Hancock.

• John Hancock has a robust website.

• Under this proposal staff is going to get an overall similar investment mix with the exception of the stable value fund.

• John Coats could also work with Nationwide as the retirement advisor.

TIAA:

• TIAA has a lot of government and educational plans.

• TIAA does not provide individual financial guidance.

• TIAA is well known for the quality of their website.

• TIAA’s cost structure did not include additional services that the District would receive under the proposals from Northwestern Mutual and John Hancock and TIAA’s fees are too high.


TIAA + The Partners Group (TPG):

• In this proposal The Partners Group (TPG) is paired with TIAA.

• TPG would provide the individual financial guidance.

• TIAA and TPG were unable to provide the District with the scope of what their services would look like.

NRECA:

• The NRECA provides the District’s Health Insurance and they have a Retirement Plan Program as well.

• The NRECA provides services nation-wide.

• The services provided by the NRECA are different than the other vendors.

• The NRECA’s 401(k) Plan is offered to public and private cooperatives.

• If the Trustees decide to become a part of the NRECA’s Retirement Plan all the money currently invested with Nationwide will be rolled into the NRECA’s Plan.

• Participants will still have their money; there will be no loss in money.

• The Retirement Plan will look different since it will be the NRECA’s Plan and not the District 401(k) Retirement Plan.

• The NRECA will provide administrative services for the District’s 457(b) Plan.

• The District’s 457(b) Plan will still exist; it won’t be a part of the larger NRECA 401(k) Retirement Plan.

• The NRECA’s Retirement Plan is a multiple employer plan.

• The NRECA’s plan covers over 40,000 people.

• Tilley has spoken to a number of utilities who are under the NRECA’s Retirement Plan who also have a 457(b) Plan.

• The NRECA’s Plan is one giant plan; all assets go into this big plan.

• The advantage is you get super low fees since the costs are spread over more people; you get a lot of in-house services and resources since the NRECA have in-house investment advisors.

• The NRECA has a local advisor who resides in Tigard, Oregon.

• The disadvantage is that the District will lose the ability to control the exact investment mix.

• The NRECA has their own Board of Directors who works with an investment advisor to watch all funds.

• The NRECA’s website provides quite a bit of services and information for participants.

• Everyone participating in the NRECA’s Retirement Plan are electric utilities.


Nationwide:

• Nationwide can either stay on at the current service level and continue to operate as is, or Nationwide can be pushed to provide the additional services that the District is paying for.

• If the additional services that are being paid for are not provided the District could stop paying for those services.

• The other option with Nationwide is to keep them as the record keeper and add on a retirement advisor.

• The retirement advisor could be Northwestern Mutual or John Coats.

• Nationwide’s website is less user friendly than other vendors’ websites.

• The investment fees with Nationwide could be renegotiated by the District.

• If it makes better sense, the District could keep Nationwide while layering on other vendors, such as Northwestern Mutual or John Coats.

During Tilley’s presentation she suggested that the Trustees consider the following during their deliberation:

• How important are the District’s current investment options?

• Is the Trustees and staff open to new investments?

• Does it make sense to keep Nationwide as an investment provider and add another vendor to provide financial planning services.

• Does it make sense to end the District’s relationship with Nationwide and move to the NRECA, TIAA or John Hancock models.

Throughout Tilley’s presentation, questions were raised by staff and members of the Board of Trustees which pertained to the NRECA’s administration of the District’s 457(b) Plan; the need for staff to have better access to educational services both in person and online, access to different investment funds; and vendor fees. Tilley noted that the fees listed on the PowerPoint slide entitled “Potential Vendor Summary” are approximate fees. All fees assume a certain investment mix. Ultimately the fees are driven in part by the actual investment mix. Tilley feels that the fees may have been underquoted because the actual investments will probably be more expensive since this group tends to include quite a bit of stable value funds. Director Smith stated there are many people involved under the NRECA’s Retirement Plan. The cost to the individual comes way down due to the number of participants. A lengthy discussion occurred regarding the District’s stable value fund after a question was raised by Director Howe as to what happens to the stable value fund if the District decides to move away from Nationwide.


Tilley responded by stating that the stable value fund would go away. In the District’s 401(k) investment mix there is the stable value fund. The fund’s earnings vary a bit; it’s around 3%. Tilley stated that the stable value fund is a big piece of why Nationwide’s costs are so high. If the fund was to be pulled it would immediately drop Nationwide’s costs way down. There is quite a bit of money in that fund. Director Gonser asked what percentage of staff are in the stable value fund. Tilley stated that $6.2 million or 33% of all plan assets are in the stable value fund. Currently 24% of plan participants are invested in the stable value fund; some are current employees and others are retired. Tilley noted that staying with Nationwide is the only way for the District to keep that stable value fund as high as it is currently. John Hancock has a stable value fund offering, as well as TIAA, however they do not have as high a return as the 3% from Nationwide. Utility Worker Jeff Handley stated that the stable value fund is being utilized more by older and retired employees. The younger employees are aggressive in their investments. Handley stated that he is paying higher fees due to the stable value fund and he has no interest in the fund. Tilley stated that she did an analysis to see who is participating in the stable value fund. The majority of the money is from participants who are 50 years or older; $2.6 million in the 457(b) Plan and $700,000 from participants under 50. The participants in the stable value fund are older and separated from the District. Engineering Associate Garrett Mauritson asked if the 3% return on the stable value fund is before the fees or after the fees are applied? Tilley responded by stating that it is before the fees are applied. Mauritson stated that the stable value fund returns are really only 1.5% and not 3%. General Counsel James Foster had a question regarding the reference to target-date funds under the NRECA proposal. Tilley explained what target-date funds are and how they automatically adjust as the participant ages. The NRECA does not have anything that they consider as a stable value fund. Any provider will provide target-date funds.


Tilley explained how the stable value fund impacts the different vendors’ fees, as shown on the PowerPoint slide entitled “Potential Vendor Summary”. Tilley noted in her presentation that none of the other vendors offer a guaranteed rate of return. The returns are below the current 3% from the stable value fund at Nationwide. Further discussion occurred when additional questions were raised regarding the proposed vendor fees. At this time, Tilley presented the other PowerPoint slides entitled “NRECA 457(b) support”, “What 457(b) services are included”, “What is not included”, and “Who fills the gaps” as shown in Exhibit 1. Some of the highlights from this portion of Tilley’s presentation are as follows:

• The NRECA would support the District’s 457(b) Plan for an annual fee of $1,000.

• The following services would be provided by the NRECA: ➢ Administrative support. ➢ Consulting services as needed. ➢ Maintain District’s 457(b) Plan document. ➢ Provide participant forms, webinars and education materials. Participant

forms would go to the investment company. The investment company would be managing the distribution process.

➢ Access to NRECA’s deferred compensation plan subject matter experts. ➢ Assistance from NRECA field representatives.

• The following would not be provided by the NRECA: ➢ Investment funds. ➢ Support around selecting investment funds to be offered. ➢ Participant statements and communication around distributions. ➢ Support in finalizing plan documents and forms.

• Who fills the gaps: ➢ The NRECA often partners with Homestead Funds an investment

company. ➢ Tilley spoke to other electric cooperatives who use the NRECA for their

401(k) Plans. All of these cooperatives use Homestead Funds for their 457(b) investments.

➢ Homestead Funds provide individual investment advisors to help an employee pick their investment.

➢ The investment company would assist the District with selecting and monitoring the investment funds.

Tilley informed the Board of Trustees that right now the District has the advantage of having both the 401(k) and 457(b) money in one bucket. Under the NRECA model the District will lose that collective investment money since the plans will be split off between the NRECA and another investment company.


A lengthy discussion occurred regarding the NRECA model after questions were raised by staff regarding how the 401(k) and 457(b) funds would be handled, would new employees be able to sign up for retirement benefits, services that would be provided to staff by an investment advisor, how outstanding loans from retirement accounts will be handled, and the NRECA’s self-directed brokerage account. Tilley noted during the discussion that she would need to speak to the NRECA regarding the roll-over of existing loans. The outstanding loans would roll-over for the other vendors. Tilley described the process if the District was to change their investment advisor. The District has the ability to change the investment advisor at any time. Other items discussed included: if retirees are offered the same options as other plan participants; NRECA plan participants at retirement can elect to purchase an annuity instead of taking annual payments; and rules governing 457(b) Deferred Compensation Plans. Tilley noted the differences between the District’s current retirement plan offerings and if the NRECA model was selected. These differences are as follows:

• The NRECA’s 401(k) Retirement Plan is a multiple employer plan, which includes both governmental and non-governmental entities.

• The NRECA’s plan is set up under ERISA.

• The District’s group health insurance plans from the NRECA are also governed under ERISA.

• The District’s retirement plans are not governed by ERISA.

• The District is not required to file any tax forms on the retirement plans.

• The District is not governed by all fiduciary rules. There are some distribution requirements for certain documents.

• A transition to the NRECA will create some work.

• The NRECA will manage tax filings, and summary plan descriptions.

• The electric cooperatives that Tilley spoke with did not feel it was a burden being governed by ERISA. There was no administrative burden on the employer.

• A multiple employer plan takes away a lot of the fiduciary risk.

• Tilley noted that an insurance policy would be taken out to cover the fiduciary risk to the Board of Trustees and the District.

• Tilley felt that the insurance policy would cost no more than a couple of thousands of dollars since the NRECA’s plan is a multiple employer plan.

Some further discussion occurred regarding the NRECA’s plan.


It was noted that $20 billion in investments are managed by the NRECA. The NRECA has a total of 44,000 plan participants, representing 203 public utilities. Tilley spoke to five or six electric cooperatives located in the mid-west regarding their experience with the NRECA’s retirement plan. The reports were good. Tilley feels the issue is whether the Trustees want to give up plan control versus cost savings, as well as the issue of losing the stable value fund. Discussion returned to the stable value fund and the potential cost savings if the fund was eliminated. Also discussed was target-date funds, and the NRECA’s self-directed account option. Tilley pointed out during the discussion that target-date funds are a little more expensive; the NRECA is the only vendor that allows participants under their self-directed account to go out on the market to invest; and that participants will not get anything lower in cost than the NRECA’s multiple employer plan. At this time, Tilley went over the PowerPoint Slide entitled “Options Moving Forward” as shown in Exhibit 1. Tilley noted that the District has the following options:

• Renegotiate investment fees with Nationwide.

• Consider adding another layer onto the Nationwide model that would provide financial planning services. The cost to plan participants will be the same or lower if this option is selected.

• Change the type of funds offered through Nationwide.

• Eliminate the stable value fund. Handley reported that he was previously investing under Nationwide’s Pro Account. Handley recently learned that he no longer has the access to certain funds that he previously had under his Pro Account. Handley only has access to investment options offered by the District. Handley stated that he was recently told by a Nationwide representative that the District’s fees are high because of the decisions made by the company. At the conclusion of the presentation Tilley asked if staff had any additional questions. There were some additional questions and comments from staff. Tilley responded by stating that fee expenses are dependent upon the investment. The NRECA works with their investment advisor to come up with their own propriety funds. These funds would include some mix of Vanguard type funds. The return on the


NRECA’s funds, that Tilley has seen, are comparable to Vanguard funds. Tilley can provide the Trustees and staff with information on how the NRECA’s funds are doing as compared to other funds. Director Howe stated that it is the Board of Trustees job to do no harm. He asked Tilley if there was a serious market correction where would she want the employees to be. Tilley stated that all plans have investments that would probably ultimately get you to the same place if the market crashes. She feels that all the funds are being very carefully curated. Tilley noted that she likes how the NRECA investment advisors are really focused on their funds. The funds are watched very closely. Tilley feels it would be safe with the NRECA. She would worry if there was too much money being thrown into the brokerage accounts. Director Howe commented that we would be putting the Board into a different fiduciary capacity if the District went with the NRECA plan. The Board has not been there before; the Board has no experience. Foster stated that he heard that the Board will still have fiduciary responsibilities to a certain extent; the responsibilities will be mitigated by the NRECA. Tilley stated that the District’s 457(b) Plan will still be a governmental plan. There are still state law fiduciary responsibilities, but not under ERISA. Tilley stated that the NRECA’s 401(k) Plan is governed by ERISA. The ERISA responsibilities will be taken on by the NRECA. The multiple employer plan cannot take on all responsibilities, so some responsibilities will still lie with the employer. Some brief discussion occurred regarding the district’s fiduciary responsibilities. Trustee Paul Titus stated that the District has not had our investment funds reviewed with Nationwide for several years. In the past, Nationwide representatives would meet with several Trustees to go over and review the returns of the investment funds. Any recommended changes would be brought back to the Board of Trustees for their consideration and approval. Titus noted that the District’s plan participants are paying $150,000 a year in plan fees for approximately $10 million in investments and getting nothing for it. Titus stated that staff has been talking to a different regional Nationwide representative trying to get some type of help from them. One of the benefits derived from these conversations is that we had District staff receive some educational training late last month and several employees signed up for retirement services. Titus stated that the District is not getting what we are paying for.


Some discussion occurred regarding staff’s efforts over the last several years to get Nationwide to provide the services needed by the District and plan participants. General Manager Roger Kline stated that he does not want to influence any type of outcome in this matter. Kline wants to ensure that the Trustees do not have a risk exposure for their performance. If the District can follow under a regulatory structure like ERISA voluntarily, either using it as a best practice or sign up with an organization that outsources that risk to them, that is his preferred outcome. Kline stated that he is leaning to how the District can outsource the risk to ensure that the District is in compliance, the Trustees are not put into a position that is unattainable, and plan participants are provided with the tools and resources for their retirement investments. Kline noted that the District needs to ensure that we get it right. When staff talks about wellness it is not just walking challenges. It is financial wellness and retirement for the future. Management wants to ensure that staff has these choices and that you get the best return. Kline encouraged the Trustees to look at these various options and the work that Tilley has done on the District’s behalf. He is willing to provide the Board of Trustees with his recommendation, if asked. Kline thanked the members of the District’s Retirement Plan Committee for their service in this matter. Director Gonser stated that the Board of Trustees are sitting here wanting to do what is in the best interest of our staff and retirees. The Trustees want to hear from our staff. Director Gonser will not make a decision until he hears from staff; it is your plan and your responsibility. Director Gonser stated that he is the only Board Member that researched whether he could participate in the District’s retirement plan; and he has been. Director Gonser will not vote on what he wants to happen for himself; he will vote for what staff wants. Trustee Kathy McBride stated that she has her retirement investments in the stable value fund. McBride was not aware that her earnings under the stable value fund impacted other plan participants. McBride does not like the thought that her fixed rate account is impacting her fellow coworkers’ fees. Tilley noted that Nationwide did not communicate that information to anyone. No one in this room understood that until Northwestern Mutual brought it up last year.


Further discussion occurred after additional questions were raised by staff regarding the NRECA’s retirement funds. Tilley stated that it feels like staff needs more information on the NRECA’s investment options. Tilley’s questions are:

• Are you leaning towards keeping the District’s 401(k) Plan or moving to the NRECA model?

• If the Trustees are looking at keeping the District’s 401(k) Plan, then the second question would be:

➢ Are you leaning towards staying with Nationwide for the time being, or looking at another investment provider?

➢ If so, what type of additional service provider are you interested in?

• Would you first like to see information on the NRECA retirement funds to see how they are performing?

Director Smith encourages staff to consider the management aspect of this matter. Having the investment funds actively managed is a big plus; active management makes a difference. Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall asked Tilley to address the NRECA’s self-directed account. Tilley stated that the NRECA has a self-directed account which allows the participant to go out and invest in the stock market for the cost of $10 per month. Tilley does not know what the allowable investment percentage is for this type of investment. She will obtain this information from the NRECA. Tilley stated that she does not feel that the District is getting value with staying with Nationwide. The more skin in the game by the vendor, the better the service. Tilley would be more inclined to have another vendor added under Nationwide. President Karp asked staff to raise their hand if they are leaning towards the NRECA Retirement Plan option. For the record, Tilley counted 25 staff members raising their hands in favor of the NRECA’s plan. Some further discussion occurred regarding the NRECA plan, and what would be gained, other than cost, if the District were to move away from Nationwide. Director Gonser asked staff, after the show of hands in favor of looking at the NRECA plan, if they would like a comparison of just two vendors, rather than having Tilley do a comparison of all four vendors?


Tilley felt that made sense. Does the District keep our old plan with Nationwide, or do we change to the new model? Some discussion occurred between staff regarding their views on the various investment providers under consideration. Tilley pointed out that from an individual standpoint, all investment providers would feel similar. McBride reminded staff to review the Board Packet, which includes detailed minutes of vendor presentations and other documentation obtained from Special Counsel Iris Tilley. Mauritson noted that research has shown if you can simplify investments you encourage participation. The quality of the investment options is a lot more important than the quantities. Some of the NRECA funds are probably not too different from the John Hancock funds. Director Gonser stated that he encourages staff to talk to their fellow employees to get this matter hashed out. The Board of Trustees wants to make a decision and to move forward. Director of Corporate Services Cyndi Gentry briefly described the process that will be undertaken if the Board of Trustees decides to move away from Nationwide. Tilley will compile the information as discussed and will send it to Executive Assistant Kathy McBride for distribution to staff and plan participants. After which, an electronic survey could be conducted to poll staff and retirees. A Board of Trustees meeting would be scheduled after obtaining the results from the survey poll and the additional information obtained by Tilley on fund comparisons. Tilley, responding to a question from staff, noted that the overall process could take up to six (6) months from the date of the decision to move from Nationwide to another vendor, to having the new retirement plan up and running. The actual black out period is approximately 30 days. At 12:04 p.m. the Board adjourned as the Board of Trustees and returned to Special Session. Due to time constraints, the Board of Directors did not discuss the results of the Board Effectiveness Checklist.

DISCUSSION ON BOARD EFFECTIVENESS CHECKLIST


There being no further business the meeting adjourned at 12:05 p.m. ___________________________________ President ATTEST: _____________________________ Secretary

NORTHERN WASCO PUD

Retirement Plan RFP Summary Report to Trustees

Kathy-McBride

Typewritten Text

EXHIBIT 1

NRECA 457(B) SUPPORT

WHAT 457(B) SERVICES ARE INCLUDED?

• The following services are included for the $1,000 annual

fee:

• Consulting based on the organization’s business needs for nonqualified

deferred compensation plans;

• Consultations to clarify plan features with the organization’s attorney and

other advisors;

• Access to sample plan document and adoption resolution, plan adoption

instructions, participant forms, webinars and participant educational

materials;

• Access to NRECA’s deferred compensation plan subject matter experts; and

• Assistance from NRECA field representative.

WHAT IS NOT INCLUDED?

• Investment funds;

• Support around selecting which investment funds to offer;

• Participant statements and communication around distributions; and

• Support in customizing and finalizing plan document and forms.

WHO FILLS THE GAPS?

• Investment company—Homestead Funds often partners with NRECA, but

other vendors are possible too.

• Investment funds and assistance selecting and monitoring those funds would come

from the investment company.

• Investment company delivers statements.

• Investment company assists in processing distributions.

• Attorney—All restated plans need some attorney review, but here, I (or

another attorney) would have a more active role preparing and finalizing the

plan.

A NOTE ON PARTICIPANT EDUCATION

• NRECA’s advisors will assist with individual’s investment selections across all

plans, but advice regarding the 457(b) will be more general because the

advisors will have less knowledge about these plans.

FIXED ACCOUNT

OVERVIEW OF FIXED ACCOUNT

• Across both plans, there is about $2.9M invested in the current fixed account.

• This constitutes about 31% of plan assets.

• 12 participants have fixed balances (most hold fixed balances in both 401(k) and 457(b).

• 4 are current employees

• 8 are retired or terminated

• 4 of the 8 retired or terminated employees are in retired

• All participants with assets in the fixed account are age 50+

• 100% percent of a participant’s account balance is often in the fixed account

401(K) DATA

• About 33% of plan assets are in the fix account (~$2.1M)

• 11 Plan participants have balances in the fixed account

• The participants are ages 52, 53, 55, 57, 58 (2), 61, 68, 70 (2), and 71.

• 6 participants are no longer employees

• 14% of participants who are current employees have assets in the fixed

account

457(B) DATA

• About 34% of plan assets are in the fix account (~$890K)

• 9 Plan participants have balances in the fixed account

• The participants are ages 52, 57, 58 (2), 61, 68, 70 (2), and 74.

• 4 participants not employees

TAKE AWAYS

• The fixed account represents a third of plan assets, but only about 14% of

current employees are using it.

• All participants with fixed account assets are age 50+. Individuals in this

demographic are looking for stability, so if this asset is eliminated, there will

need to be substantial communication.

• Good communication around annuity options could be useful for retirees and

employees who are nearing retirement.

OPTIONS MOVING FORWARD

• Continue with Nationwide (but perhaps layer another vendor) and freeze fixed

account to new entrants.

• Look at whether charges for fixed account can be allocated only to

participants using that investment type—most advisors won’t allocate in this

way.

• Provide education around annuities, and replace fixed account with another

option or eliminate it entirely

POTENTIAL VENDOR SUMMARY

Vendor Cost Stable Value? Partner? Notes

Nationwide 1.48%--401(k)

1.46%--457(b)

Yes, 3%. None Incumbent

John Coats .65% Yes, 2.8%

.45% Cost

John Handcock Local; quarterly

participant meetings

are assumed.

Northwestern

Mutual

.93% Yes, 1.86% Nationwide Pricing assumes

reduction of stable

value; interview

questions will address

this.

TIAA 1.16% Yes. Up to 3% is

available.

2% is .77%

None Fees may be negotiable.

TIAA + TPG 1.26% Yes. Up to 3% is

available.

2% is .77%

TPG Fees may be negotiable.

NRECA ~.38% Target-date funds

include some fixed-rate

bonds but not part of

typical investment mix.

MetLife 886 employers

55,929 participants

28-Feb-19

Time & Duration

Date Address/Location Cause T off T on Mins # Out Cust Min

2/2/19 3735 Fifteenmile Rd

Pick up hit power pole breaking at the base. De-

energized the line at Breaker #168 on feeder

#42 and replaced the pole. Wasco County

sheriff report #S190053. WO #19-050.

2/2/2019 18:00 2/2/2019 20:00 120 220 26400

2/10/19 1915 E 12thPole was on fire, service wires were burned,

repaired and re-energized the two services.2/10/2019 16:30 2/10/2019 19:00 150 2 300

2/16/19 3640 W 13th Apt C6

Partial power. Crew installed a temporary

meter to provide power from Apartment C8 to

C6 until a full repair can be scheduled and

completed.

2/16/2019 12:00 2/16/2019 14:00 120 1 120

2/17/19 313 Court St Center fuse (BÃ˜) broken, refused. 2/17/2019 6:30 2/17/2019 8:00 90 1 90

2/17/2019 1625 E 9thHot legs melted together at pole. Spliced in new

wire at damaged area.2/17/2019 7:30 2/17/2019 8:30 60 1 60

2/24/2019 850 Cascade StBroken single phase primary overhead wire.

Repaired and re-energized the line.2/24/2019 5:00 2/24/2019 8:00 180 31 5580

2/24/2019 57016 Wamic Market Rd

Neutral wire and phase unloaded due to snow

and caused CÃ˜ to open up tap fuse. Crew re-

set fuse and restored power.

2/24/2019 10:00 2/24/2019 15:00 300 19 5700

2/24/2019 Sevenmile Hill Rd

Neutral wire and phase unloaded due to snow

and caused CÃ˜ to open up tap fuse. Crew re-

set fuse and restored power.

2/24/2019 10:00 2/24/2019 14:00 240 19 4560

2/24/2019 2893 Threemile RdCar hit pole, broke the pole at the base, and

crew replaced with a 40' class 4 pole.2/24/2019 21:00 2/25/2019 0:30 210 28 5880

CustomersGeneral Information

Outage Report

Energy Efficiency Program Summary

Incentive Payments and Credits

Month: February 2019 Fiscal Year: BPA FY17

Efficiency

Incentives BPA EEI

Program Incentives Pd Credits Rec'd Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$2,000 -$16,600

Heat Pump Credit $1,600 $12,700

Heat Pump Contractor Pmts

Water Heaters Incentive Pd. -$2,500

Water Heaters Credit $2,500

Weatherization Incentive Pd -$8,322 -$38,759

Weatherization Credit $2,504 $19,613

Appliances Incentive Pd -$315 -$1,605

Appliances Credit $90 $480

Comm. Lighting Incentive Pd -$20,545 -$91,506

Comm. Lighting Credit $20,375 $88,201

CFL, LED, And SH Incentive Pd

CFL, LED, and SH Credit

Energy Smart Grocer (ESG) Pd

BPA FY18 Total Credit* $778,959

Low Income Weatherization Pd -$52,697 -$274,974

Low Income Weatherization Credit $36,700 $185,549

Low Income Admin Credit $957 $4,661

Irrigation Incentive Pd

Irrigation Credit

Admin Credit $13,870

Custom Projects Credit

Totals -$83,879 $62,226 -$425,944 $1,106,533 84.9%

Feb-19 Net Incentives Paid -$21,653

BPA rate period Max Credit Amount - Budget $1,302,664

BPA rate period Max Credit - Budget Remaining $196,131 15.1%

*Heading changed to account for credits claimed not on this sheet.

Work Completed in Feb-19

3/27/2019 Copy of 2019-02 YTD EE Report FY Summary


Incentive Payments and Credits

Month: February 2019 Fiscal Year: BPA FY17

Incentives BPA EEI

Program Incentives Pd Credits Rec'dEst. kWh Savings

per Year Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$2,000 5,258.2 -$16,600 44,625.6

Heat Pump Credit $1,600 $12,700

Heat Pump Contractor Pmts

Water Heaters Incentive Pd. - -$2,500 8,391.4

Water Heaters Credit $2,500

Weatherization Incentive Pd -$8,322 7,446.4 -$38,759 55,387.4

Weatherization Credit $2,504 $19,613

Appliances Incentive Pd -$315 431.7 -$1,605 2,302.4

Appliances Credit $90 $480

Comm. Lighting Incentive Pd -$20,545 100,336.8 -$91,506 378,149.4

Comm. Lighting Credit $20,375 $88,201

CFL, LED, And SH Incentive Pd - -

CFL, LED, and SH Credit

Energy Smart Grocer (ESG) Pd

BPA FY18 Total Credit* $778,959

Low Income Wx Pd -$52,697 23,934.7 -$274,974 116,513.0

Low Income Wx Credit $36,700 $185,549

Low Income Admin Credit $957 $4,661

Irrigation Incentive Pd

Irrigation Credit

Admin Credit $13,870

Custom Projects Credit - -

Totals -$83,879 $62,226 137,407.8 -$425,944 $1,106,533 605,369.3

Feb-19 Net Incentives Paid -$21,653

BPA rate period Max Credit Amount - Budget $1,302,664

BPA rate period Max Credit Amount - Budget Spent $1,106,533

BPA rate period Max Credit - Budget Remaining $196,131

** = Total Estimated kWh Savings FYTD are annual savings expected to accrue over the measure life and this report

does not include savings from measures implemented in prior years

Work Completed in Feb-19 Total Est. kWh

Savings per Year

FYTD **

3/27/2019 Copy of 2019-02 YTD EE Report FY Summary kWh

3/27/2019 Northern Wasco County PUD

Energy Efficiency Incentives

FY 2014

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$5,200.00 -$5,400.00 -$4,000.00 $0.00 -$2,000.00 -$16,600.00

Heat Pump Credit $4,200.00 $3,800.00 $3,100.00 $0.00 $1,600.00 $12,700.00

Heat Pump Contractor Pmts $0.00

Water Heaters Incentive Pd. -$500.00 -$1,500.00 -$500.00 $0.00 $0.00 -$2,500.00

Water Heaters Credit $500.00 $1,500.00 $500.00 $0.00 $0.00 $2,500.00

Weatherization Incentive Pd -$5,371.75 -$7,724.93 -$9,703.35 -$7,636.60 -$8,321.97 -$38,758.60

Weatherization Credit $2,619.66 $4,486.88 $5,026.48 $4,975.62 $2,503.87 $19,612.51

Appliances Incentive Pd -$450.00 -$210.00 -$330.00 -$300.00 -$315.00 -$1,605.00

Appliances Credit $120.00 $60.00 $120.00 $90.00 $90.00 $480.00

Comm. Lighting Incentive Pd -$7,087.00 -$1,400.80 -$50,314.00 -$12,159.25 -$20,545.00 -$91,506.05

Comm. Lighting Credit $7,087.00 $1,400.80 $50,094.00 $9,244.60 $20,375.00 $88,201.40

CFL, LED, And SH Incentive Pd $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

CFL, LED, and SH Credit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Energy Smart Grocer (ESG) Pd $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

BPA FY18 Total Credit* $0.00 $0.00 $0.00 $0.00 $0.00 $778,958.58

Low Income Weatherization Pd -$30,984.48 -$70,143.15 -$77,196.94 -$43,952.31 -$52,697.06 -$274,973.94

Low Income Weatherization Credit $19,628.14 $46,451.15 $55,757.09 $27,013.00 $36,700.00 $185,549.38

Low Income Admin Credit $192.62 $1,306.44 $1,554.38 $649.72 $957.39 $4,660.55

Irrigation Incentive Pd $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Irrigation Credit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Admin Credit $2,973.85 $1,576.78 $6,418.85 $2,900.85 $0.00 $13,870.33

Custom Projects Credit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Custom Projects Pd. $0.00 $0.00 $0.00 $0.00 $0.00

Totals -$12,271.96 -$25,796.83 -$19,473.49 -$19,174.37 -$21,652.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$425,943.59 $1,106,532.75 84.9%

BPA rate period Max Credit Amount - Budget $1,302,663.56 100.0%

BPA rate period Max Credit Amount - Budget Spent $1,106,532.75 84.9%

BPA rate period Max Credit - Budget Remaining $196,130.81 15.1%

3/27/2019 Copy of 2019-02 YTD EE Report FY Monthly

3/27/2019 Northern Wasco County PUD

Energy Efficiency Incentives

FY 2014

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Total YTD

HE Heat Pumps 0.0 7,613.4 1330.47 0.0 0.0 8,943.8

DHP 14,649.2 7,887.2 7,887.2 0.0 5,258.2 35,681.8

Water Heaters / HPWH 1,644.5 5,102.4 1,644.5 0.0 0.0 8,391.4

Weatherization 8,107.3 13,584.7 12,905.0 13,344.0 7,446.4 55,387.4

Appliances 575.6 287.8 575.6 431.7 431.7 2,302.4

Comm. Lighting 49,370.0 4,944.0 164,753.3 58,745.3 100,336.8 378,149.4

CFL, LED & SH 0.0 0.0 0.0 0.0 0.0 0.0

Low Income Weatherization 4,814.8 32,661.1 38,859.5 16,242.9 23,934.7 116,513.0

Custom Projects 0.0 0.0 0.0 0.0 0.0 0.0

Totals 79,161.4 72,080.6 227,955.7 88,763.9 137,407.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 605,369.3

*Values are expressed in Estimated kWh savings per year for measures implemented during each month

3/27/2019 Copy of 2019-02 YTD EE Report kWh Savings Monthly


Measure Counts

Month:

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YTD Total

Heat Pumps 5 5 4 0 2 16

Water Heaters 1 3 1 0 0 5

Weatherization 7 8 9 9 5 38

Clothes Washers 4 2 4 4 3 17

Dish Washers 0 0 0 0 0 0

Refrigerators 5 2 1 0 3 11

Comm. Lighting 2 1 3 5 5 16

CFL Bulbs 0 0 0 0 0 0

LED Bulbs 0 0 0 0 0 0

Shower Heads 0 0 0 0 0 0

Energy Smart Grocer 0 0 0 0 0 0

Low Income Weatherization 9 15 20 13 10 67

February 2019

3/27/2019 FY Measure Counts

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 02/19 PAGE 1PRG. CHKREGTR (CKRA) ACCT 131.20 DESC BANK OF THE WEST GENERAL FUND RUN DATE 03/11/19 04:12 PM

SEQ VOID CHECK BRK DATE VENDOR NAME AMOUNT DESCRIPTION

68497 2/01/19 3 AFLAC 1,915.52 INSURANCE PREMIUMS - JAN 2019

68498 2/01/19 2190 AMAZON 499.96 SUUNTO KB14-360R GLOBAL COMPASS

68499 2/01/19 1883 ANIXTER POWER SOLUTIONS LLC 21,424.22 ELB,15KV,CONN INSUL,CONN LUG XFM STOCK ITEM FOR MILL CREEK PROJ 1/0 ACSR WAREHOUSE STOCK

68500 2/01/19 379 BISHOP SANITATION INC 67.50 9268 TREE SRV 12/25-01/21

68501 2/01/19 2088 BISHOP TOWING 1,151.00 TOW-TK#55-BRAKE TROUBLE OIL CHANGE-TK#55

68502 2/01/19 2463 BROOKS MANUFACTURING CO 7,900.00 X-ARM, WOOD 8'X3 3/4"X4 3/4"STD

68503 2/01/19 1156 CABLE HUSTON BENEDICT 3,875.00 24988.001

68504 2/01/19 780 CARSON OIL COMPANY INC 1,674.99 OIL & DRUM DEPOSIT OIL/DRUM DEPOSIT

68505 2/01/19 571 DEVCO MECHANICAL INC. 1,188.20 HTPMP WTR HTR-VAZQUEZ-2233 E 9TH

68506 2/01/19 1694 EMTECH NW LLC 173.40 DIAGNOSE TK#9

68507 2/01/19 2257 EUCI 1,295.00 EPC CONTRACTS-POWERS-01/29-01/30

68508 2/01/19 173 FASTENAL 47.59 BLACK CABLE TIE/8X1/2 HWH SDS

68509 2/01/19 802 FLI LANDSCAPE 337.50 SNOW&ICE SERVICES-01/08 & 01/17

68510 2/01/19 175 GILLS POINT S 227.95 SERVICE BATTERIES TK#26

68511 2/01/19 345 H2OREGON INC 32.70 (3) CASES OF WATER

68512 2/01/19 2444 HAMMEL ELECTRIC LLC 294.09 WEATHRZTN-VAZQUEZ-2233 W 9TH

68513 2/01/19 302 HATTENHAUER ENERGY CO LLC 131.65 FUEL CHARGES 12/31/18-01/15/19

68514 2/01/19 89 HOME DEPOT CREDIT SERVICES 59.28 GLOVES/BUCKETS HEX WASHERS/CLICK BIN/PEGBOARD

68515 2/01/19 251 HONALD CRANE SERVICE 1,140.00 CRANE RENTAL

68516 2/01/19 454 HRA VEBA TRUST 3,945.12 VEBA ER CONTRIBUTIONS EMP DED - HRA VEBA GRP 1 PRETAX EMP DED - HRA VEBA GRP 2 PRETAX

68517 2/01/19 2125 KARP, CONNIE 343.23 TRAVEL-SALEM-OPUDA-01/17-01/18

68518 2/01/19 186 KLICKITAT COUNTY PUD 1,147.44 TRANSMISSION COSTS DEC-2018



68519 2/01/19 1915 KLINE, ROGER 99.00 TRAVEL-SALEM-OPUDA-01/17-01/18

68520 2/01/19 1497 LELEVIER, BERNADETTE 978.00 WEATHRZTN-LELEVIER-1609 E 10TH

68521 2/01/19 2421 MARINE FLOATS CORPORATION 32,200.00 TRANSFORMER FLOATS-MARINA

68522 2/01/19 770 MARTINSON, RICK 644.39 SRV GRANT-NATIVE PREDATOR

68523 2/01/19 1676 MCFARLAND CASCADE 41,968.44 POLES POLES

68524 2/01/19 2111 METRO OVERHEAD DOOR INC 390.00 QRTLY GATE PM AT POLE YARD

68525 2/01/19 16 NATIONWIDE TRUST CO FSB 9,536.04 EMP DED - DEFERRED COMP 457B EMP DED - DEF COMP 457B-BRD MEM EMP DED - 457B LOAN

68526 2/01/19 366 NATIONWIDE TRUST CO FSB 21,684.51 EMP BEN EMPLOYER 401K MATCH EMP BEN EMPLOYER 457B MATCH EMP DED - 401K LOAN EMP DED - NATIONWIDE 401K

68527 2/01/19 445 NORTHWEST HYDROELECTRIC ASSN 400.00 ANNUAL MEMBERSHIP

68528 2/01/19 711 OXARC INC 29.28 PAINT PEN MARKERS

68529 2/01/19 1415 PACER PROPANE, DBA 40.46 PROPANE - TK#52

68530 2/01/19 745 PETERSON CAT 1,872.00 HAMMER HOE RENTAL

68531 2/01/19 214 PLATT ELECTRIC SUPPLY INC 345.62 LIMIT SWITCH CONDUIT-4" LOCKNUT NUTS & BOLTS

68532 2/01/19 2112 RADCOMP COMPUTERS, INC. 3,145.60 REMOTE/HELPDESK-12/2018-01/2019 OFFICE 365 - JANUARY

68533 2/01/19 93 RAY SCHULTENS MOTORS INC 990.80 TK#9-LOSS OF POWER ISSUE

68534 2/01/19 2081 RELIABLE EQUIPMENT & SERVICE 217.31 HOSE SET - 8' RED

68535 2/01/19 137 RURALITE SERVICES INC. 4,148.80 MAGAZINE & WEBSITE - 01/2019

68536 2/01/19 292 SAWYERS TRUE VALUE 145.19 MISC HARDWARE MISC. HARDWARE SIGNS-NO PARKING-COL HTS SUB SMALL TOOLS MISC HARDWARE

68537 2/01/19 99001669 SCHWEITZER ENGINEERING LAB 195.00 FIBER OPTIC TRANCEIVER

68538 2/01/19 2454 SONSRAY MACHINERY, LLC 63.31 POINT/PIN



68539 2/01/19 703 SPECIALTY ENGINEERING INC 2,275.78 OIL SAMPLING 12/2018

68540 2/01/19 431 STAPLES ADVANTAGE 213.80 PENS/CALCULATOR PAPER HANGING FILES/FOLDERS DELL TONER PUSH PINS MECHANICAL PENCILS/LEAD LAMINATING POUCHES

68541 2/01/19 1813 STATE COLLECTION AND 369.23 EMP DED - NEVADA CHILD SUPPORT

68542 2/01/19 458 T & L COMMUNICATIONS INC 665.00 FIRE ALARM/SPRINKLER INSPECTION

68543 2/01/19 220 THE DALLES AREA 250.00 2019 SPONSOR-CHERRY FESTIVAL

68544 2/01/19 99001828 THE DALLES LITTLE LEAGUE 200.00 2019 BILLBOARD SPONSORSHIP

68545 2/01/19 144 THE DALLES NAPA AUTO PARTS 103.98 TOWELS TOWELS/GLOVES

68546 2/01/19 2074 TREES, INC. 8,889.20 TREE TRIMMING THRU 01/19

68547 2/01/19 542 VALLEY TRANSFORMER INC 3,695.84 REFURBISHED TRANSFORMERS REFURBISHED TRANSFORMERS

68548 2/01/19 162 WASCO ELECTRIC COOPERATIVE 50.00 ENDRSBY CUTOFF 12/12/18-01/11/19

68549 2/01/19 164 WESCO DISTRIBUTION INC 5,557.44 Grey EEL #4 - 1/0 ABB 15KV 200A PEN AG20DMXB05035P3 DOME STERLING JR OS ONE TIME LOCK BOLT MACH SET ABB 15KV 300A LBII

68550 2/01/19 563 WESTERN ENERGY INSTITUTE 799.00 CUSTOMER SYMPOSIUM-KUBLIC

68551 2/01/19 155 WILSON HEIRGOOD ASSOCIATES 6,932.00 POL#34P42738 7% COMMISSION 2019

68552 2/01/19 1345 WORRELL, RILEY J 1,800.00 WEATHRZTN-VALDOVINOS-3817 W10#22

68553 2/01/19 1812 WYOMING CHILD SUPPORT 384.92 EMP DED - WYOMING CHILD SUPPORT

68554 2/01/19 173 FASTENAL 22.72 MISC HARDWARE

68555 2/08/19 2088 BISHOP TOWING 1,723.00 REPAIRS/LABOR WHEEL SEALS - LABOR

68556 2/08/19 20 BOHN'S PRINTING INC 31.50 BUSINESS CARDS

68557 2/08/19 157 CASH & CARRY(UNITED GROCERS) 568.40 WATER

68558 2/08/19 2188 CENTRATEL LLC 369.32 ANSWERING SERVICE JANUARY



68559 2/08/19 150 CITY OF THE DALLES 250.45 WATER & SEWER 12/10/18-01/10/19

68560 2/08/19 2442 COMMSTRUCTURE CONSULTING LLC 902.50 QCS-GOR 230kV

68561 2/08/19 2475 COMMUTE OPTIONS CENTRAL OR 220.00 CONTRIBUTIONS TO REWARD PROGRAM

68562 2/08/19 1803 D HITTLE & ASSOCIATES 187.50 TIE PLANT RD FEEDER12 ENG SVC

68563 2/08/19 571 DEVCO MECHANICAL INC. 110.00 WEATHRZTN-VILLALOBOS-602 W 9TH

68564 2/08/19 1694 EMTECH NW LLC 87.00 OIL & COOLANT TK#9


68566 2/08/19 136 GRAINGER INC 1,222.26 INSULATING BLAKETS-ORANGE-3X3

68567 2/08/19 665 GREEN HOME CONSTRUCTION 26,400.00 WEATHRZTN-SWALES-809 W 18TH WEATHRZTN-MARTINEZ-2425 W 8TH#8 WEATHRZTN-GRAY-1613 G ST

68568 2/08/19 7 H J ARNETT INDUSTRIES LLC 3,329.17 FIELD TESTING 1/15/19

68569 2/08/19 302 HATTENHAUER ENERGY CO LLC 200.89 FUEL CHARGES 01/15/18-01/31/19

68570 2/08/19 89 HOME DEPOT CREDIT SERVICES 1,022.91 WET/DRY VAC PRESSURE WASHER MISC HARDWARE ICE MELT

68571 2/08/19 2058 JACOB AIR, LLC 4,945.00 WEATHRZTN-VILLALOBOS-602 W 9TH WEATHERZATION-GRAY-1613 G ST WEATHERZATION-BROWN-700 E 17TH

68572 2/08/19 770 MARTINSON, RICK 298.19 SRV GRANT-2018-4-JLPMAT-2

68573 2/08/19 1676 MCFARLAND CASCADE 22,312.38 POLES POLES

68574 2/08/19 650 NRECA 9,190.61 INSURANCE PREMIUMS 02/2019

68575 2/08/19 103 NRECA GROUP BENEFITS TRUST 104,448.97 INSURANCE PREMIUMS 02/2019

68576 2/08/19 511 NW COMMUNICATION SYSTEMS INC 62.50 ONSITE TECHNICIAN

68577 2/08/19 112 ONE CALL CONCEPTS INC 126.00 OR UTILITY NOTIFICATION 01/2019

68578 2/08/19 1416 OS ENGINEERING 16,916.94 REMOTE ACCESS CONFIGURATION PLANT HIM/HISTORIAN THE DALLES

68579 2/08/19 711 OXARC INC 9.89 DRILL BITS FOR TK# 9

68580 2/08/19 2039 PORT OF THE DALLES 600.00 FEBRUARY LEASE DESIGN LLC TLK



68581 2/08/19 2292 QUALITY LIFE INTERGOVERNMENT 450.00 INTERNET SERVICE

68582 2/08/19 2076 RICH PRINTING INC 695.00 10,300 BILL INSERTS - AMI

68583 2/08/19 2477 SAGE CREEK, INC 2,910.00 LIGHTING-MUIRHEAD-5267 MILLCREEK

68584 2/08/19 292 SAWYERS TRUE VALUE 11.94 6-DISTILLD WATR ARRWHD GL

68585 2/08/19 1981 SELECTEMP 3,557.51 CONSULTANT-THOMPSON-THRU 01/27

68586 2/08/19 1847 SPARKLE CAR WASH, LLC 75.60 CAR WASHES - JANUARY

68587 2/08/19 2059 TERMINIX INTERNATIONAL 134.00 PEST CONTROL 01/14/19

68588 2/08/19 148 THE DALLES CHRONICLE 1,402.34 CLASS AD 12/12/18 DISPLAY AD: GET LEVEL DISPLAY AD: LIGHTS ON/LIMITED IN DISPLAY AD: LIGHTS ON/LIMITED IN SERVICE CHARGE

68589 2/08/19 151 THE DALLES DISPOSAL SERVICE 414.14 GARBAGE 01/01/19-01/31/19

68590 2/08/19 295 THE DALLES FITNESS CLUB 152.90 FITNESS CLUB DUES 01/2019

68591 2/08/19 144 THE DALLES NAPA AUTO PARTS 720.82 GEARWRENCH HYDRAULIC FILTERS POWER SERVICE DIESEL WIPER BLADES BEARING ANTIFREEZE

68592 2/08/19 2074 TREES, INC. 8,781.26 TREE TRIMMING THRU 01/26

68593 2/08/19 375 U.S. CELLULAR, DBA 78.11 SUBSTATION CELLULAR MODEM

68594 2/08/19 2127 US LINEN & UNIFORM INC 149.02 MAT SERVICE 01/02/19 MAT SERVICE 01/30/19

68595 2/08/19 2004 VACCA, LINDA 1,248.02 WEATHRZTN-VACCA 02/06W

68596 2/08/19 48 WAGNER-SMITH EQUIPMENT CO 772.25 OX BLOCKS #50061

68597 2/08/19 164 WESCO DISTRIBUTION INC 77,764.27 101 LED LIGHTS OKON 161-23-3072 15LV 1/0 220MIL

68598 2/08/19 1345 WORRELL, RILEY J 7,250.00 WEATHRZTN-GATLIN-2425 W 8TH#5 WEATHERZATION-HYDE-712 W 16TH WEATHRZTN-ROBLEDO-1511 E 14TH

68599 2/08/19 636 NIES 45,887.00 2019 NIEMS ASSESSMENT/COST RECV

68600 2/08/19 417 SPECIAL DISTRICTS INSURANCE 99,026.00 INSURANCE PREM 01/01/19-01/01/20



68601 2/15/19 1166 ALL DIESEL TRUCK & 87.98 D-2 GOVERNOR/R&I D-2 GOVERNOR

68602 2/15/19 1883 ANIXTER POWER SOLUTIONS LLC 1,301.30 GROUND WIRE/ PINS/ CLAMPS ANCHOR ROD 3/4 IN. OD X 8 FT

68603 2/15/19 230 AT&T MOBILITY 315.55 GROUP CELL CHARGES 12/24-01/23 HORZYNEK CELL CHARGS 12/24-01/23

68604 2/15/19 2104 BIG RIVER MAINTENANCE 425.00 LANDSCAPE MAINTENANCE AND REPAIR

68605 2/15/19 2088 BISHOP TOWING 2,405.01 WHEEL SEALS/BEARINGS/BELT-TK#10 FUEL BUSHINGS - TK#25

68606 2/15/19 20 BOHN'S PRINTING INC 1,100.42 ADMIN/OFFCE/ENGRG/FA COPIES-JAN SUPPLIES - AMI INFO FLYERS

68607 2/15/19 99000371 COBURN ELECTRIC INC 2,383.21 REPLACED 2 BALLAST & 4 LIGHTS

68608 2/15/19 983 COLUMBIA GORGE COMMUNITY 1,383.00 TUITION/BOOKS-SOUTHARD-SPRING 19

68609 2/15/19 493 COLUMBIA GORGE HUSTLERS 200.00 SPONSORSHIP-GOLF TOURNAMENT

68610 2/15/19 2480 CRAWFORD, PATTI 1,000.00 HEATPMP RBT-CRAWFORD-806 TREVITT

68611 2/15/19 571 DEVCO MECHANICAL INC. 2,257.06 WEATHRZTN-KENT-2525 W 8TH #24

68612 2/15/19 2267 DIRECTV, LLC 78.24 TV SERVICES 02/04/19-03/03/19

68613 2/15/19 592 EBIX, INC 328.80 NREC HEALTH LETTER 2019-2020

68614 2/15/19 2223 ERICKSEN, NATHAN 247.00 TRAVEL-SEATTLE-NWPPA-STAKING


68616 2/15/19 802 FLI LANDSCAPE 372.50 SNOW & ICE REMOVAL - 02/05/19

68617 2/15/19 118 FOSTER & YOUNG LLP 12,500.00 FILE #89-0636 GENERAL 01/2019

68618 2/15/19 377 FOSTER, JAMES R 1,932.47 TRAVEL/SEATTLE/APPA LEGAL CONF

68619 2/15/19 793 FUTURA SYSTEMS INC 1,956.40 01/2019 BILLING

68620 2/15/19 66 GONSER, HOWARD 378.03 TRAVEL-PDX-PPC-02/06-02/07

68621 2/15/19 555 GORGE MAIL (A-OK PAK & SHIP) 32.40 SHIPPING: HJ ARNETT 01.02.19

68622 2/15/19 7 H J ARNETT INDUSTRIES LLC 286.09 GLOVE TESTING

68623 2/15/19 89 HOME DEPOT CREDIT SERVICES 33.21 ALUMINUM FLASHING

68624 2/15/19 2121 HOWE, J. ROGER 392.53 TRAVEL-PDX-PPC-02/06-02/07



68625 2/15/19 454 HRA VEBA TRUST 3,945.12 VEBA ER CONTRIBUTIONS EMP DED - HRA VEBA GRP 1 PRETAX EMP DED - HRA VEBA GRP 2 PRETAX

68626 2/15/19 79 I.B.E.W. LOCAL 125 1,164.57 UNION DUES 02/2019

68627 2/15/19 2058 JACOB AIR, LLC 4,110.00 HT PMP RBT-REARDON-3564 3 2ND#39

68628 2/15/19 434 JERRY'S JANITORIAL 3,336.66 JANITORIAL CLEANING DEC 2018 JANITORIAL SERVICE - JAN 2019

68629 2/15/19 537 JOINT APPRENTICESHIP & TRAIN 2,370.00 CAMP RILIEA - MCCABLE 3RD YEAR

68630 2/15/19 2125 KARP, CONNIE 377.45 TRAVEL-PDX-PPC-02/06-02/07

68631 2/15/19 186 KLICKITAT COUNTY PUD 1,147.44 TRANSMISSION COSTS JAN-2019

68632 2/15/19 1915 KLINE, ROGER 330.00 TRAVEL-CA-WEI-01/27-01/29 TRAVEL-PDX-PPC-02/06-02/08

68633 2/15/19 2000 LOOMIS 331.30 ARMORED CAR SERVICE-FEB

68634 2/15/19 2260 MCCABE, TUCKER 198.36 TRAVEL-CAMP RILEA-02/03-02/08

68635 2/15/19 298 MCMASTER-CARR SUPPLY CO 73.96 ALUMINUM ROD AND DISC

68636 2/15/19 16 NATIONWIDE TRUST CO FSB 9,734.95 EMP DED - DEFERRED COMP 457B EMP DED - DEF COMP 457B-BRD MEM EMP DED - 457B LOAN

68637 2/15/19 366 NATIONWIDE TRUST CO FSB 22,265.41 EMP BEN EMPLOYER 401K MATCH EMP BEN EMPLOYER 457B MATCH EMP DED - 401K LOAN EMP DED - NATIONWIDE 401K

68638 2/15/19 108 NORTHWEST PUBLIC POWER ASSN 1,740.00 NWPPA-STAKING CERT-02/2019 N.E. NWPPA-NIKKI-WO NUTS BOLTS 02/28

68639 2/15/19 2108 NW NATURAL 1,485.08 NATURAL GAS 01/04/19-02/04/19 NATURAL GAS 01/04/19-02/04/19

68640 2/15/19 214 PLATT ELECTRIC SUPPLY INC 164.69 MISC HARDWARE KWIK WASHERS STUDS GRND BAR STUD MISC HARDWARE

68641 2/15/19 2436 POWERLINE INFRARED 1,050.00 DISTRIBUTION/TRANS SUBSTATIONS

68642 2/15/19 292 SAWYERS TRUE VALUE 48.58 WELDABLE SHEET SMALL TOOLS



MISC HARDWARE

68643 2/15/19 792 SEDC 29,126.79 01/2019 SUPPORT & 12/2018 ARISTA

68644 2/15/19 1981 SELECTEMP 3,397.26 CONSULTANT-THOMPSON-THRU 02/03

68645 2/15/19 450 SMITH, CLAY 282.33 TRAVEL-PDX-PPC-02/06-02/07

68646 2/15/19 1813 STATE COLLECTION AND 369.23 EMP DED - NEVADA CHILD SUPPORT

68647 2/15/19 1349 TAPHOUSE, DAVID 246.50 TRAVEL-WILSONVLLE-PESTICIDE CERT

68648 2/15/19 295 THE DALLES FITNESS CLUB 152.90 FITNESS CLUB DUES 02/2019

68649 2/15/19 1811 URSPRUNG, KATHY 570.00 MAGAZINE COSTS 02/2019

68650 2/15/19 1382 US GEOLOGICAL SURVEY 59,637.00 GRANT:LAMPREY PASSAGE MONITORING

68651 2/15/19 177 VERIZON WIRELESS 14,280.24 MONTHLY CHARGE 01/30-02/28 MTHX2LL/A IPAD PRO 12.9 256GB

68652 2/15/19 2025 VISTA SANITATION 269.00 TD HYDRO PORTABLE TOILETS

68653 2/15/19 161 WASCO COUNTY CLERK 110.00 EASEMENTS

68654 2/15/19 563 WESTERN ENERGY INSTITUTE 4,299.00 BAEL PROGRAM-AUGUSTUS 2019

68655 2/15/19 743 WILLIAMS, DAN 282.33 TRAVEL-PDX-PPC-02/06-02/07

68656 2/15/19 1812 WYOMING CHILD SUPPORT 384.92 EMP DED - WYOMING CHILD SUPPORT

68657 2/22/19 1883 ANIXTER POWER SOLUTIONS LLC 4,833.45 WAREHOUSE STOCK-MILL CREEK PROJE WAREHOUSE STOCK WAREHOUSE STOCK WAREHOUSE STOCK

68658 2/22/19 658 BARRAN LIEBMAN LLP 1,215.00 FILE#708395.2 RETRMNT THRU 01/31

68659 2/22/19 2448 CASA EL MIRADOR 400.00 WATTAGE RDCTN-1424 W 2ND-CASA EL

68660 2/22/19 157 CASH & CARRY(UNITED GROCERS) 19.85 KITCHEN SUPPLIES

68661 2/22/19 32 CITY OF DUFUR 2,085.49 EXCHANGE OF SERVICE FEE - JAN

68662 2/22/19 1850 CLASS 5 271.69 TD HYDRO HOSTED VOIP - FEB 2019

68663 2/22/19 2482 CLAUSEN, JOHN 640.00 WATT REDCTN-CLAUSEN-83417 DUFUR

68664 2/22/19 583 CLEARESULT CONSULTING, INC 320.00 APP PROC-HEATPUMP 01/01-01/31/19

68665 2/22/19 1085 CONGER, KURT 67.47 PANELIST @ BPA MEETING



68666 2/22/19 618 CONVERGINT TECHNOLOGIES LLC 407.71 KEY FOBS

68667 2/22/19 427 CRESCENT ELECTRIC SUPPLY CO 78,490.78 METER BASE/EATON MARINE METERPED

68668 2/22/19 1318 DAILY JOURNAL OF COMMERCE 391.50 BID:AMI INSTALL 2/1,4,6,8, & 11

68669 2/22/19 706 DEPT OF LABOR & INDUSTRIES 72.69 CERT/INSPTN FEE-TD HYD 2019-2021

68670 2/22/19 173 FASTENAL 124.99 DRILL SET

68671 2/22/19 802 FLI LANDSCAPE 3,182.50 SNOW & ICE REMOVAL 02/09-02/14

68672 2/22/19 2483 FORD, MIKE 1,149.00 WETHEZATION-FORD-902 E 18TH ST

68673 2/22/19 1223 FP MAILING SOLUTIONS 225.18 POSTBASE RENTL 02/07/19-05/06/19

68674 2/22/19 1437 FRED PRYOR SEMINARS 299.00 12 MONTH RENEWAL-LANCE KUBLICK

68675 2/22/19 64 GENERAL PACIFIC INC. 7,150.00 EV CHARGING KIT/SERVICES

68676 2/22/19 311 GORGE NETWORKS INC 966.79 OFFC&TD HYD INTERNET 02/01-02/28

68677 2/22/19 2145 GOVERNMENT FINANCE OFFICERS 760.00 2019 GFOA MEMBERSHIP DUES

68678 2/22/19 665 GREEN HOME CONSTRUCTION 5,322.75 WEATHRZTN-MARTIN-4010 EMERSON LP WEATHRZTN-PHIPPS-1301 JORDAN

68679 2/22/19 558 HAGE ELECTRIC & CONST INC 144,992.41 MARINA REBUILD CONTRACTOR

68680 2/22/19 1968 HALL, HARVEY 322.86 TRAVEL-SUNRIVER-SDAO-02/06-09

68681 2/22/19 89 HOME DEPOT CREDIT SERVICES 23.18 2X4X8/MENDING PLATE

68682 2/22/19 2058 JACOB AIR, LLC 8,375.00 HEAT PUMP-SANDOVAL-215 W 13TH HT PMP-BALTAZAR-813 HOSTETLER#20

68683 2/22/19 186 KLICKITAT COUNTY PUD 44.23 ACTUAL CHARGES 02/08/2019

68684 2/22/19 298 MCMASTER-CARR SUPPLY CO 92.06 FILTERS

68685 2/22/19 2144 MOSS ADAMS LLP 10,340.00 2018 AUDIT-FINANCIAL STATEMENTS

68686 2/22/19 108 NORTHWEST PUBLIC POWER ASSN 190.00 COMMUNICATION WEBINAR SERIES

68687 2/22/19 2479 NW MARINE SUPPLY 7,875.06 INSTALL MARINA XFORMER & FLOATS

68688 2/22/19 586 OLDCASTLE PRECAST 10,155.00 WAREHOUSE STOCK 6X4X4 CONC VAULT

68689 2/22/19 1792 ORIGINAL CINCH CLAMP CORP 363.43 WAREHOUSE STOCK ITEMS

68690 2/22/19 429 PACIFIC STATES MARINE 457.53 SMOLT MONITRNG 01/01/19-01/31/19



68691 2/22/19 214 PLATT ELECTRIC SUPPLY INC 67.74 MISC HARDWARE PEN LA-0 1/0 1COND TERM

68692 2/22/19 2299 POWERS, SUE 254.58 TRAVEL-HOUSTON-CONTRACTS-1/28-31

68693 2/22/19 93 RAY SCHULTENS MOTORS INC 5,922.00 WATTAGE REDUCTION-2400 W 6TH

68694 2/22/19 292 SAWYERS TRUE VALUE 24.15 SPRAY PAINT DEICER

68695 2/22/19 2419 SEL SCHWEITZER ENGINEERING 19,857.00 SEL-735 OUTDOOR ENCLOSURE

68696 2/22/19 1733 SPECIAL DISTRICTS ASSOC. 330.00 SDAO Training HH Sunriver 2/7-9

68697 2/22/19 238 THE DALLES CONCRETE INC 120.00 3' BLOCKS (4)

68698 2/22/19 152 THE DALLES IRON WORKS 21.35 PARTS FOR 2ND ST GATE

68699 2/22/19 144 THE DALLES NAPA AUTO PARTS 262.86 TRAILERWIRE/SOCKET/CONNECTOR BATTERY (-CORE DEPOSIT)

68700 2/22/19 2074 TREES, INC. 17,567.92 TREE TRIMMING THRU 02/02 TREE TRIMMING THRU 02/09

68701 2/22/19 626 TRIAXIS ENGINEERING INC 2,802.50 18005 RIVERTRAIL DATA CENTER

68702 2/22/19 1317 VERSALIFT NORTHWEST LLC 2,255.70 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION 90 DAY INSPECTION

68703 2/22/19 1365 WASCO COUNTY 2,262.58 FUEL CHARGES 01/01/19-01/31/19

68704 2/22/19 164 WESCO DISTRIBUTION INC 3,085.30 House Eve Wireholder WAREHOUSE STOCK Spiral Link Stick OH Lines Wraplock Tie F-Neck 556 AAC

68705 2/22/19 454 HRA VEBA TRUST 25.00 EMP DED - HRA VEBA GRP 2 PRETAX

68706 2/22/19 366 NATIONWIDE TRUST CO FSB 448.42 EMP BEN EMPLOYER 457B MATCH

68707 2/22/19 16 NATIONWIDE TRUST CO FSB 720.00 EMP DED - DEFERRED COMP 457B EMP DED - 457B LOAN

68708 2/22/19 366 NATIONWIDE TRUST CO FSB 421.04 EMP DED - 401K LOAN

TOTAL CHECKS 212 TOTAL AMOUNT 1,193,978.72


SEQ VOID ACH SEQ BRK DATE VENDOR NAME AMOUNT DESCRIPTION

1444 2/04/19 22 OREGON DEPARTMENT OF JUSTICE 2,777.54 EMP DED - OREGON CHILD SUPPORT

1445 2/05/19 904 OREGON DEPARTMENT OF REVENUE 10,421.13 PAYROLL TAXES

1446 2/05/19 872 IRS 45,085.26 PAYROLL TAXES

1453 * 2/10/19 2011 US BANK ONE CARD 4,440.87 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16 VISA CARD PURCHASES 12/17-01/16


1455 2/19/19 1723 CHELAN COUNTY PUD 763,044.00 POWER PURCHASED - CHELAN 01/2019

1456 2/19/19 2316 SEATTLE CITY LIGHT 113,460.00 POWER PURCHASE

1457 2/19/19 904 OREGON DEPARTMENT OF REVENUE 11,265.17 PAYROLL TAXES


1460 * 2/11/19 636 NIES 15,261.12 MARKET PURCH/REMARKETING CR/TRNF

1461 2/25/19 400 WASHINGTON STATE DEPARTMENT 1,617.87 USE TAX 01/01/19-01/31/19 GEN

1465 * 2/26/19 904 OREGON DEPARTMENT OF REVENUE 1,110.62 PAYROLL TAXES



1471 * 2/14/19 868 NORTHERN WASCO COUNTY PUD 150,000.00 NWASCO''S FUNDING OF MCNARY ACCT

1474 * 2/01/19 1223 FP MAILING SOLUTIONS 1,000.00 POSTAGE-REFILL-POSTALIA-02/01/19

TOTAL DRAFTS 16 TOTAL AMOUNT 1,177,498.26

GRAND TOTAL 228 GRAND TOTAL AMOUNT 2,371,476.98

PGM. CHECKREG BILLING CHECK REGISTER RUN DATE 03/11/19 04:09 PM NORTHERN WASCO COUNTY PUD PAGE 1

CHECK CHECK CHECK PAID UNDEV VOID MBRSEP NAME NUMBER CHECK AMT DATE TYPE DATE CODE CODE

68173-002 LYNN BARBARA 68709 151.78 22519 MN 22819

TOTALS 1 151.78

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 02/19 PAGE 1PRG. CHKREGTR (CKRA) ACCT 131.40 DESC BANK OF THE WEST MCNARY OP FUND RUN DATE 03/11/19 04:15 PM


8256 2/01/19 1568 BLUE MTN BOTTLED WATER INC 42.00 (5) 5 GALLON WATER BOTTLES 01/10

8257 2/01/19 329 NORCO INC 125.02 CASE/ASSEMBLY

8258 2/01/19 445 NORTHWEST HYDROELECTRIC ASSN 400.00 ANNUL 02/2019-02/2020

8259 2/01/19 324 SMITTYS ACE HARDWARE 157.41 CHAIN MISC SUPPLIES PLIERS

8260 2/01/19 411 UNITED RENTALS INC 1,340.90 GENERATOR RENTAL CREDIT ON GENERATOR RENTAL

8261 2/08/19 2475 COMMUTE OPTIONS CENTRAL OR 20.00 CONTRIBUTIONS TO REWARD PROGRAM

8262 2/08/19 169 EASTERN OREGON TELECOM LLC 379.19 PHONE & INTRNT SRVCS 02/01-02/28

8263 2/08/19 7 H J ARNETT INDUSTRIES LLC 500.00 FILED TESTING 01/15/19

8264 2/08/19 1416 OS ENGINEERING 17,066.95 REMOTE ACCESS CONFIGURATION PLANT HMI/HISTORIAN MCNARY

8265 2/15/19 647 A-1 INDUSTRIAL HOSE & SUPPLY 220.14 BUSHINGS 3" FLANGE

8266 2/15/19 230 AT&T MOBILITY 29.16 MCNARY HYDRO 12/24-01/23

8267 2/15/19 711 OXARC INC 11.09 CYLINDER RENTAL

8269 * 2/22/19 2484 BRANDSAFWAY SERVICES, LLC 1,167.00 SCAFFOLDING RENTAL

8270 2/22/19 136 GRAINGER INC 109.30 BREATHERS

8271 2/22/19 2195 NATIONAL HYDROPOWER ASSOCIAT 4,860.00 DUES-10 MW INSTALLED HYDROPOWER

TOTAL CHECKS 15 TOTAL AMOUNT 26,428.16

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 02/19 PAGE 2PRG. CHKREGTR (CKRA) ACCT 131.40 DESC BANK OF THE WEST MCNARY OP FUND RUN DATE 03/11/19 04:15 PM

SEQ VOID ACH SEQ BRK DATE VENDOR NAME AMOUNT DESCRIPTION

1447 2/05/19 872 IRS 318.12 PAYROLL TAXES

1459 * 2/19/19 872 IRS 196.33 PAYROLL TAXES

1462 * 2/25/19 400 WASHINGTON STATE DEPARTMENT 1,695.35 USE TAX 01/01/19-01/31/19 MCN

1472 * 2/22/19 107 NORTHERN WASCO COUNTY PUD 851.00 JAN 2019 VEHICLE CHARGES

1473 2/22/19 107 NORTHERN WASCO COUNTY PUD 54,039.13 REIMB PR BENEFITS 01/2019

TOTAL DRAFTS 5 TOTAL AMOUNT 57,099.93

GRAND TOTAL 20 GRAND TOTAL AMOUNT 83,528.09

2019 2018 NO. OF CUSTTHIS MONTH YTD YTD THIS MONTH

1. SINGLE PHASE SERVICE 16,766,737 33,862,293 32,329,283 9,443 4. THREE PHASE SERVICE 1,661,168 3,392,941 3,098,605 461 5. DEMAND SERVICE 5,521,842 11,443,737 11,271,727 159 6. PRIMARY SERVICE 54,386,764 103,494,453 70,214,999 13 8. IRRIGATION 11,282 20,847 19,109 53 9. PUBLIC STREET LIGHTING 39,124 78,187 76,064 2 11. SECURITY LIGHTS & OTHER MISC. 84,241 166,603 187,597 n/a

12. TOTAL 78,471,158 152,459,061 117,197,384 10,131

ENERGY GENERATED, PURCHASED, AND INTERCHANGED 2019 2018THIS MONTH YTD YTD

Generation for station use (kWH)The Dalles Scheduled Net Generation (excluding station use) 1,786,000 3,114,000 5,265,000The Dalles Actual Net Generation (excluding station use) 2,732,895 4,664,045 5,266,530Generation Imbalance: The Dalles bought/(sold) (946,895) (1,550,045) (1,530)McNary Scheduled Net Generation (excluding station use) 878,000 4,238,000 3,146,000McNary Actual Net Generation (excluding station use) 899,678 4,238,870 3,102,655Generation Imbalance: McNary bought/(sold) (21,678) (870) 43,345 Environmental Displacement McNary 0 0 0

Purchased energy: Bonneville Power Administration - PF 60,765,813 115,883,646 99,916,812 Bonneville Power Administration - Short Term Rate 661,416 1,258,824 1,035,096 Non-Federal Resources 18,600,000 35,400,000 35,400,000

Total purchases and generation 82,691,229 159,894,470 144,762,908

Disposition of energy generated and purchased:

Total sales of electric energy 80,257,158 155,573,061 122,462,384

Energy used by electric utility (excluding station use) 59,922 133,525 115,193

Total energy accounted for 80,317,080 155,706,586 122,577,577

Total energy losses--Distribution 2,125,273 4,114,580 88,474

Energy generated and purchased 82,442,353 159,821,166 122,666,051

JANUARY 2019

MONTHLY FINANCIAL AND OPERATING REPORT

NORTHERN WASCO COUNTY PUD FOR THE MONTH ENDING FEBRUARY 2019

KWH SOLD

ELECTRIC ENERGY STATEMENTNORTHERN WASCO COUNTY PUD

BPA KWH Report 3/25/2019 - 5:34 PM

MARKET VALUE YIELD MATURITY

136.8 LOCAL GOV'T POOL 18,257,430.37$ 2.7500 RATE CHANGES

DAILY

TOTAL LOCAL GOV'T POOL 18,257,430.37$ 2.7500

136.83 CORPORATE DEBT

Bank of Montreal 995,150.83$ 2.100 12/12/2019

Bank of Novia Scotia 499,215.65$ 2.050 6/5/2019

Federal Home Loan Banks 997,043.00$ 2.000 9/13/2019

JPMorgan Chase & Co 999,670.00$ 1.850 3/22/2019

Royal Bank of Canada 949,898.72$ 1.600 3/15/2019

Toronto-Dominion Bank -$ 1/22/2019

Wells Fargo & Company 499,010.00$ 1.750 5/24/2019

Wells Fargo & Company 646,942.37$ 2.150 12/6/2019

Westpac Banking Corp 993,653.04$ 2.800 3/6/2020

TOTAL CORPORATE DEBT 6,580,583.61$ 2.038

136.00 TOTAL INVESTMENTS 24,838,013.98$

RESTRICTED RESERVES:

Rate Stabilization Fund 4,600,000$

2016 Bond Reserve Fund 796,175$

Construction Funds-2016 Bonds 2,488,319$

TOTAL RESTRICTED RESERVES 7,884,494$

COMMITTED RESERVES:

Working Capital 3,000,000$

Contingency & Emergency Preparedness 1,000,000$

Hydro 1,000,000$

Capital Imprv & Major Capital Projects 1,000,000$

Market Security & Collateral 3,500,000$

OPEB Liability Reserve Fund 303,676$

Customer Deposits and Interest 3,855,587$

2016 Bond Debt Service 26,250$

TOTAL COMMITTED RESERVES 13,685,513$

UNCOMMITTED RESERVES 3,268,007$

TOTAL INVESTMENTS 24,838,014$

INVESTMENT BALANCE

2/28/2019

INVEST 2019.02 3/25/2019 - 5:01 PM

* * * NORTHERN WASCO PUD * * *STATEMENT OF NET POSITION

For Period Ending

Current Year Last YearCurrent month Current monthY-T-D Amount Y-T-D Amount

ASSETS AND OTHER DEBITS

PROPERTY ACCOUNTS:

ELECTRIC PLANT 88,383,062.40 85,385,971.40 CONSTRUCTION WORK IN PROGRESS 2,767,839.27 1,971,392.43

TOTAL PROPERTY 91,150,901.67 87,357,363.83 LESS: DEPRECIATION & AMORTIZATION (44,372,537.54) (42,425,171.90)

DEPRECIATED COST OF UTILITY PLANT 46,778,364.13 44,932,191.93 INVESTMENT & FUND ACCOUNTS:OTHER INVESTMENTS-BOND RESERVES 26,250.00 - FISHERIE'S MITIGATION TRUST FUND 1,806,239.56 1,637,340.82

TOTAL INVESTMENTS & FUND ACCOUNTS 1,832,489.56 1,637,340.82

CURRENT & ACCRUED ASSETS:

CASH 1,250,695.09 1,506,149.69 US BANK TRUST, 2012 BOND FUND - MCNARY 1,269.59 437.29 US BANK TRUST, 2016 BOND FUND - - TEMPORARY INVESTMENTS-GENERAL FUND 24,811,763.98 25,030,607.96 ACCOUNTS RECEIVABLE CUSTOMERS 6,254,746.96 4,928,667.51 LESS RESERVE (98,616.41) (90,684.07) ACCOUNTS REC. CUSTOMER - NET 6,156,130.55 4,837,983.44 UNBILLED REVENUE 991,361.11 799,980.89 OTHER ACCTS & NOTES REC. - NET 419,923.26 383,444.02 MATERIALS & SUPPLIES 834,980.70 761,955.51 PREPAYMENTS 587,527.19 611,556.32 OTHER CURRENT & ACCRUED ASSETS 6,763.24 (6,510.20)

TOTAL CURRENT & ACCRUED ASSETS 35,060,414.71 33,925,604.92

DEFERRED DEBITS:

CLEARING ACCOUNTS 18,305.28 - OTHER DEFERRED DEBITS - - DEFERRED OUTFLOWS OPEB 80,122.00 - PS & I - MCNARY 2,815.00 2,815.00 AMORT OF DEBT EXPENSES - - BPA CONTRIBUTION TO MCNARY PROJECT 10,854,354.75 12,464,137.65

TOTAL DEFERRED DEBITS 10,955,597.03 12,466,952.65

TOTAL ASSETS & OTHER DEBITS 94,626,865.43 92,962,090.32

February 28, 2019

NWBS Balance Sheet 02.28.19 3/25/2019 - 5:00 PM

* * * NORTHERN WASCO PUD * * *STATEMENT OF NET POSITION

For Period Ending

Current Year Last YearCurrent month Current monthY-T-D Amount Y-T-D Amount

February 28, 2019

LIABS & EARNED SURPLUS LONG-TERM DEBT:

BONDS PAYABLE 2012A 7,520,000.00 7,520,000.00 BONDS PAYABLE 2012B 925,000.00 2,415,000.00 BONDS PAYABLE 2016 REVENUE 11,475,000.00 11,790,000.00 TD HYDRO - CONTRACTS PAYABLE - - UNAMORTIZED PREMIUM - 2012 BONDS 810,272.24 951,189.20 UNAMORTIZED PREMIUM - 2016 BONDS 1,091,667.43 1,139,477.71 CAPITAL LEASE NON-CURRENT LIAB - 18,876.08

TOTAL LONG-TERM DEBT 21,821,939.67 23,834,542.99

CURRENT AND ACCRUED LIABILITIES:

CURR PORTION LT DEBT 1,805,000.00 1,460,000.00 ACCOUNTS PAYABLE 5,419,154.95 5,081,619.42 ACCRUED 190 CONTRACT FEES 237,447.96 201,727.96 CUSTOMERS DEPOSITS 3,900,640.16 5,384,098.80 ACCRUED VACATION & SICK LEAVE 403,307.00 433,439.00 ACCRUED INTEREST 229,430.19 237,463.83 OTHER CURRENT & ACCRUED LIABILITIES 258,127.79 162,601.76

TOTAL CURRENT & ACCRUED LIABILITIES 12,253,108.05 12,960,950.77 DEFERRED CREDITS:

ADVANCES ON CONSTRUCTION - 116,160.00 BPA CRC & ECA PROGRAMS (62,226.19) (29,216.16) FISHERIE'S MITIGATION TRUST FUND 1,746,602.56 1,637,340.82 POST RETIREMENT HEALTH PLAN 1,103,854.70 440,669.28 DEFERRED CREDITS INFLOW OPEB - - CONTRIBUTIONS IN AID OF CONSTRUCTION 2,206,718.17 589,335.75

TOTAL DEFERRED CREDITS 4,994,949.24 2,754,289.69

SURPLUS AND INVESTMENT ACCOUNTS EARNED SURPLUS:

BALANCE FIRST OF YEAR 54,978,252.87 53,298,105.74 NET INCOME 503,072.21 38,657.74 MISC. DEBITS & CREDITSEXTRAORDINARY DEDUCT-MCNARY - -

BALANCE AT END OF PERIOD 55,481,325.08 53,336,763.48 INVESTMENT OF MUNICIPALITY 75,543.39 75,543.39

TOTAL SURPLUS & INVESTMENTS 55,556,868.47 53,412,306.87

TOTAL LIABILITIES & EARNED SURPLUS 94,626,865.43 92,962,090.32

NWBS Balance Sheet 02.28.19 3/25/2019 - 5:00 PM

Last Year Current Last YearCurrent Month Current Month Y-T-D Y-T-D

Amount Amount Amount Amount

ENERGY SALES

1 SINGLE PHASE SERVICE 1,124,844.86$ 947,766.86$ 2,231,254.37$ 2,133,161.71$ 2 THREE PHASE SERVICE 133,374.30$ 102,188.62$ 246,532.99$ 214,501.93$ 3 DEMAND SERVICE 316,514.42$ 308,965.57$ 625,715.13$ 640,446.04$ 4 PRIMARY SERVICE 2,488,531.90$ 2,112,538.49$ 5,231,666.76$ 4,151,162.08$ 5 IRRIGATION 2,977.88$ 3,038.99$ 6,183.30$ 5,063.91$ 6 STREET LIGHTING 35,031.97$ 34,838.64$ 69,317.78$ 69,682.51$ 7 PURE POWER 260.00$ 275.00$ 527.33$ 555.00$ 8 UNBILLED REVENUE -$ -$ -$ -$

10 TOTAL 4,101,535.33$ 3,509,612.17$ 8,411,197.66$ 7,214,573.18$

OTHER REVENUES

11 TRANSMISSION WHEELING 11,256.00$ 11,473.00$ 20,908.00$ 21,229.00$ 12 REVENUE FROM THE DALLES HYDRO 102,785.03$ 64,018.78$ 161,112.11$ 105,868.23$ 13 SERVICE CHARGES 6,478.30$ 7,402.27$ 14,312.54$ 14,311.50$ 14 RENT FROM ELECTRIC PROPERTY 8,145.42$ 7,265.87$ 16,318.96$ 14,556.82$

16 TOTAL OTHER REVENUE 128,664.75$ 90,159.92$ 212,651.61$ 155,965.55$

17 TOTAL OPERATING REVENUE 4,230,200.08$ 3,599,772.09$ 8,623,849.27$ 7,370,538.73$

OPERATING EXPENSES

19 LICENSE/PERMIT COSTS - HYDROS 72.69$ -$ 72.69$ -$ 21 OPERATION/MAINTENANCE - TD HYDRO 52,125.62$ 45,039.15$ 112,906.22$ 108,961.11$

OPERATION/MAINTENANCE - MCNARY HYDRO 22,811.80$ 64,155.03$ 52,844.03$ 128,485.55$ 22 POWER PURCHASES 2,534,139.02$ 2,366,986.80$ 5,254,454.60$ 4,767,800.80$

OTHER POWER SUPPLY EXPENSE 39,713.01$ 22,150.97$ 79,213.07$ 46,168.65$ 23 TRANSMISSION COSTS - BPA 314,407.10$ 255,247.00$ 640,085.85$ 509,787.00$

TRANSMISSION COSTS - TD HYDRO 11,949.67$ 11,613.39$ 23,899.34$ 20,547.41$ TRANSMISSION COSTS - MCNARY HYDRO 7,645.00$ 3,426.00$ 9,164.00$ 4,356.00$ TRANSMISSION COSTS - NON FEDERAL 34,645.00$ 8,793.00$ 48,635.00$ 18,871.00$

25 TRANSMISSION - O&M 11,934.36$ 6,077.88$ 18,570.41$ 14,117.36$ 26 DISTRIBUTION - O&M 170,209.76$ 134,812.89$ 322,347.90$ 290,747.09$ 27 CUSTOMER ACCOUNTS & COLLECTION 57,862.58$ 61,948.12$ 105,956.78$ 111,354.89$ 29 SALES PROMOTION 2,949.04$ 3,577.34$ 7,966.36$ 8,710.69$ 31 ADMINISTRATIVE & GENERAL 285,276.96$ 236,169.58$ 583,362.09$ 503,010.62$ 33 WEATHERIZATION & CONSERVATION 41,548.56$ 4,171.18$ 78,170.30$ 44,554.69$ 35 CUSTOMER INFO/ASSISTANCE 6,249.13$ 5,314.34$ 12,789.19$ 10,199.08$ 36 WELLNESS 864.54$ 791.80$ 1,945.31$ 1,980.03$

38 TOTAL OPERATING EXPENSES 3,594,403.84$ 3,230,274.47$ 7,352,383.14$ 6,589,651.97$

***NORTHERN WASCO PUD*** MONTHLY FINANCIAL & OPERATING REPORT

January 01, 2019 - December 31, 2019February 2019

NWOP & NWIS Monthly FinOpRep 02.28.19 3/25/2019 - 5:01 PM

Last Year Current Last YearCurrent Month Current Month Y-T-D Y-T-D

Amount Amount Amount Amount

***NORTHERN WASCO PUD*** MONTHLY FINANCIAL & OPERATING REPORT

January 01, 2019 - December 31, 2019February 2019

1 TOTAL OPERATING REVENUE 4,230,200.08$ 3,599,772.09$ 8,623,849.27$ 7,370,538.73$

3 TOTAL OPERATING EXPENSE 3,594,403.84$ 3,230,274.47$ 7,352,383.14$ 6,589,651.97$ 4 DEPRECIATION 227,516.06$ 215,265.26$ 454,328.65$ 430,587.28$ 6 TAXES 159,827.84$ 140,259.05$ 328,415.21$ 284,644.30$

8 TOTAL OPER. REV. DED. 3,981,747.74$ 3,585,798.78$ 8,135,127.00$ 7,304,883.55$

9 OPERATING INCOME (LOSS) 248,452.34$ 13,973.31$ 488,722.27$ 65,655.18$

OTHER INCOME

11 MISC. NON-OPERATING REVENUE 50,999.16$ 23,360.08$ 91,158.53$ 44,730.00$

12 TOTAL OTHER INCOME 50,999.16$ 23,360.08$ 91,158.53$ 44,730.00$

13 GROSS INCOME (LOSS) 299,451.50$ 37,333.39$ 579,880.80$ 110,385.18$

INCOME DEDUCTIONS

14 INTEREST ON LONG TERM DEBT 39,692.70$ 39,847.91$ 84,776.97$ 79,695.82$ 15 OTHER DEDUCTIONS -$ -$ -$ -$ 17 AMORT. OF DEBT EXPENSE (3,984.19)$ (3,984.19)$ (7,968.38)$ (7,968.38)$

19 TOTAL INCOME DEDUCTIONS 35,708.51$ 35,863.72$ 76,808.59$ 71,727.44$

NET INCOME (LOSS) 263,742.99$ 1,469.67$ 503,072.21$ 38,657.74$

NWOP & NWIS Monthly FinOpRep 02.28.19 3/25/2019 - 5:01 PM

2 Months = 16.7%

Current Year Current % of BudgetTotal Budget Y-T-D Amount to Current YTD

REVENUESSales - Single Phase Service 10,071,909.12$ 2,231,254.37$ 22.2%Sales - Three Phase Service 1,208,296.92 246,532.99 20.4%Sales - Demand Service 4,085,998.92 625,715.13 15.3%Sales - Primary Service 34,551,792.60 5,231,666.76 15.1%Sales - Irrigation 219,210.96 6,183.30 2.8%Sales - Street Lights 446,003.52 69,317.78 15.5%Sales - Pure Power 4,350.00 527.33 12.1%Sales - Energy Unbilled - - 0.0%Transmission Wheeling 131,499.96 20,908.00 15.9%Revenue from T.D. Hydro 978,999.96 161,112.11 16.5%Service Charges 97,500.00 14,312.54 14.7%Pole Contact Rents 89,857.80 16,318.96 18.2%CIAC - Revenue 242,049.96 2,025.00 0.8%Interest Income 351,978.36 86,833.53 24.7%Other Non-Operating Income-TD Hydro - - 0.0%Other Non-Operating Income-McNary - - 0.0%Miscellaneous Income or (Loss) 22,781.04 2,300.00 10.1%Miscellaneous Income or (Loss)-McNary - - 0.0%

Total Revenues 52,502,229.12$ 8,715,007.80$ 16.6%

EXPENSES Operations & Maintenance:

License/Permit Costs - T.D. Hydro 50,000.00$ 72.69$ 0.1%License/Permit Costs - McNary Hydro 45,000.00 - 0.0%Operation/Maintenance - T.D. Hydro 636,702.84 112,906.22 17.7%Operation/Maintenance - McNary Hydro 387,941.52 52,844.03 13.6%Power Purchases 30,495,644.40 5,254,454.60 17.2%Other Power Supply Expense 412,124.64 79,213.07 19.2%Transmission Costs - BPA 3,788,955.00 640,085.85 16.9%Transmission Costs - TD Hydro 168,668.04 23,899.34 14.2%Transmission Costs - McNary Hydro 33,684.00 9,164.00 27.2%Transmission Costs - Non Federal 138,003.96 48,635.00 35.2%Transmission Substation 6,923.04 116.66 1.7%Transmission Lines 5,064.60 3,011.92 59.5%Transmission Reliability 113,777.88 15,441.83 13.6%T & D Joint Use 135,098.52 - 0.0%Meter Expense 147,321.84 10,302.02 7.0%Misc. Distribution Expense 230,323.68 28,518.15 12.4%Rents 15,900.00 3,150.00 19.8%Distribution Substations 164,710.20 18,724.20 11.4%Overhead Lines 1,009,525.20 130,593.95 12.9%Tree Trimming 587,265.12 103,012.65 17.5%Underground Lines 151,004.88 22,118.52 14.6%Transformers (1,020.24) 4,175.84 -409.3%Street Lights 96,786.24 1,544.76 1.6%Maintenance of Misc. Distribution 24,481.44 107.81 0.4%Communications Equipment 3,000.00 100.00 3.3%

Total Operations & Maintenance 38,846,886.80 6,562,193.11 16.9%

2018 COMPARISON - BUDGET vs. ACTUAL

Revenues and ExpensesAs of February 2019

NWIB Budget VS Actual 02.28.19 3/25/2019 - 5:02 PM

2 Months = 16.7%

Current Year Current % of BudgetTotal Budget Y-T-D Amount to Current YTD


Revenues and ExpensesAs of February 2019

EXPENSES continued Customers Accounts & Collections:

Meter Reading 246,996.48 26,824.46 10.9%Billing & Collections 561,011.40 75,525.71 13.5%Reserve for Uncollectibles 18,000.00 3,000.00 16.7%Interest on Deposits 3,200.04 606.61 19.0%

Total Customer Accounts & Collections 829,207.92 105,956.78 12.8%

Customers Assistance & Sales:Energy Management Programs 930,951.96 183,905.44 19.8%BPA ECA Credits (617,499.96) (105,735.14) 17.1%Ruralite 51,732.96 8,762.58 16.9%Customer Services 39,008.88 4,026.61 10.3%Advertising 76,073.64 7,966.36 10.5%Wellness 12,687.00 1,945.31 15.3%Economic Development 50,000.04 - 0.0%

Total Customer Assistance & Sales 542,954.52 100,871.16 18.6%

Administrative & General:Office Salaries 2,391,251.52 346,649.37 14.5%Office Expenses 310,488.60 57,647.31 18.6%Outside Services 289,474.08 32,449.57 11.2%Property Insurance 215,492.28 35,715.52 16.6%Insurance & Job Training 24,198.36 6,662.46 27.5%Employee Benefits 7,265.88 - 0.0%Directors Compensation 256,685.52 45,556.25 17.7%Misc. Expenses, Associations 256,427.40 40,455.00 15.8%Maintenace of General Plant 96,763.32 18,226.61 18.8%

Total Administrative & General 3,848,046.96 583,362.09 15.2%

Other Expenses:Depreciation 2,639,358.84 454,328.65 17.2%Property Taxes 485,000.04 88,881.76 18.3%ORS 190.003 Contract Fees 1,521,999.96 239,533.45 15.7%Social Security Taxes 0.12 - 0.0%Interest on Long-Term Debt 478,230.96 84,776.97 17.7%Debt Expenses (47,810.28) (7,968.38) 16.7%Other Deductions-McNary - 0.0%

Total Other Expenses 5,076,779.64 859,552.45 16.9%

Total Expenses 49,143,875.84 8,211,935.59 16.7%

Net Income or (Loss) 3,358,353.28 503,072.21 15.0%

NWIB Budget VS Actual 02.28.19 3/25/2019 - 5:02 PM

2 Months = 16.7%.

2019 Budget Actual %

WORK-IN-PROGRESS

Construction Work-in-Progress 12/31/18 ($2,296,410)

Construction Work-in-Progress for 2019 includes hydro $2,406,266

Retirement Work-in-Progress $34,613

PLANT CONSTRUCTION

Transmission:

Transmission Substation $0 $0 0.0%

Transmission Towers & Fixtures $0 $0 0.0%

Transmission Pole Replacement $0 $0 0.0%

Distribution:

Substation $2,725,000 $0 0.0%

Pole Replacements $534,075 $5,764 1.1%

Overhead Additions $718,345 $7,459 1.0%

Underground Additions $292,030 $37,441 12.8%

Transformer Additions $103,000 $2,889 2.8%

Service Additions $61,800 $2,821 4.6%

Meter Replacements $1,750,000 $0 0.0%

Security/Yard Lights $5,151 $22,118 429.4%

Street Lights & Additions $10,300 $6,758 65.6%

Structures & Improvements-Office $150,000 $0 0.0%

The Dalles Hydro Additions $860,000 $18,101 2.1%

McNary Hydro Additions $17,500 $9,216 52.7%

Total Plant Construction $7,227,201 $112,567 1.6%

EQUIPMENT:

Office $0 $1,659 0.0%

Computer Hardware & Software $249,400 $16,440 6.6%

Vehicles/Power Equipment $455,000 $0 0.0%

Tools/Lab Equipment $15,450 $1,316 8.5%

Communications Equipment $0 $13,711 0.0%

Total Equipment $719,850 $33,125 4.6%

Total Plant & Equipment $7,947,051 $145,692 1.8%

SPECIAL PROJECTS:The Dalles Exciter started 2018 $75,000 $66,708 88.9%

The Dalles Exciter $18,797 $0 0.0%Workspace Remodel started 2018 $300,000 $2,511 0.0%

Workspace Remodel $297,489 $2,603 0.0%

Total Special Projects $316,286 $2,603 74.9%

DEBT REQUIREMENTS:

Bonds (principal) $316,250 $26,250 8.3%

Total Debt Requirements $316,250 $26,250 0.0%

TOTAL CAPITAL EXPENDITURES $8,579,587 $148,295 1.7%


Capital Expenditures

February 2019

CapitalBudget VS Actual 02.28.19 3/25/2019 - 5:00 PM

AccountNumber

ClosingDate

Last Payment Balance

64102002 12/14/18 10/16/18 130.64$

31091001 12/20/18 10/17/18 188.50$

68442001 12/20/18 09/11/18 140.67$

68852001 11/30/18 11/05/18 102.49$

67261001 11/30/18 11/19/18 68.58$

68480001 11/30/18 10/25/18 24.22$

61977001 12/14/18 10/05/18 216.02$

34168002 12/20/18 03/21/18 204.17$

1,075.29$

Commercial Accounts

Total Commercial -$

Total Write-Offs 1,075.29$

2019 2018 2017

Monthly Write-offs for February 1,075.29$ 1,282.93$ 593.25$

Total Write-Offs to date: 3,549.34$ 3,410.50$ 2,954.64$

Less: Credit Collections to date (1,034.06)$ (3,992.61)$ (1,801.19)$

NET WRITE-OFFS TO DATE: 2,515.28$ (582.11)$ 1,153.45$

Total Write-Offs to date as a percent of revenue to date: 0.0010 0.0010 0.0008

Credit Bureau's share of collections to date: -$ -$ -$

February 2019 Write-Off's

RESOLUTION

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

IN THE MATTER OF DESIGNATING ) REPRESENTATIVES AS AUTHORIZED ) R E S O L U T I O N SIGNATORS FOR BANK OF THE WEST ) #02-2019 ACCOUNTS. ) WHEREAS, Northern Wasco County People’s Utility District has a need to designate

representatives who are authorized as signators for bank accounts with the Bank of the West

due to changes in staff.

NOW, THEREFORE, BE IT RESOLVED: That the hereinafter designated

representatives are hereby authorized as signators for bank account numbers ,

and for NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

with the BANK OF THE WEST; and

IT IS HEREBY FURTHER RESOLVED: That said institution is hereby authorized to act

without further inquiry in accordance with writings bearing the signatures of any one such

representatives, unless and until it has been notified, in writing, of any change of

representatives and of further authorization for other individuals to sign, together with a

specimen of the signatures of each such individual.

________________________________ Title: Director Clay Smith ________________________________ Title: General Manager Roger M. Kline ________________________________ Title: Assistant General Manager/ Director of Power Resources Kurt J. Conger ________________________________ Title: CFO/Director of Finance & Enterprise Risk Harvey Hall

RESOLUTION

________________________________ Title: Chief Innovation Officer Paul H. Titus ________________________________ Title: Senior Financial Analyst Lana Blomquist-Egbert ________________________________ Title: Senior Financial Analyst Suzanne Haworth

________________________________ Title: Executive Assistant Kathy McBride

IT IS HEREBY FURTHER CERTIFIED: That the above named individuals have been

duly elected or employed to the title set opposite their respective names, that they hold such

position at this time, that their true signatures appear above, and that the above Resolution is

not in violation of our articles of association or by-laws and was duly authorized at a meeting of

the Board held on the 2nd day of April, 2019.

Adopted by the Board of Directors of Northern Wasco County People’s Utility District at a

Regular Session Meeting held this 2nd day of April, 2019.

NORTHERN WASCO COUNTY PEOPLE'S UTILITY DISTRICT

____________________________________ President ____________________________________ Secretary

of 1

MEMORANDUM


DATE: April 2, 2019 TO: Directors Gonser, Howe, Karp, Smith & Williams FROM: Patrick Morehart, Engineering & Operations Manager SUBJECT: Altec Model DB41B Tracked Hydraulic Derrick with Trailer and Attachments

Background

In the Districts efforts to maintain and operate the transmission and distribution system in areas that

have restricted access to the District facilities it is necessary to deploy specialized equipment and

methods. The District has aging infrastructure within many restricted access areas. The District

maintenance plan has determined that it these facilities are due for proactive maintenance.

One of the new technologies developed in specialized equipment are tracked hydraulic equipment

designed for hard to access facilities. These types of equipment allow utility operations in sensitive

metropolitan, residential and agricultural areas creating the least impact.

The District Staff has researched tracked hydraulic derrick machines and field tested the only

available machine, which is the Altec Model DB41B Tracked Hydraulic Derrick with trailer and

attachments.

Enterprise Risk Management Considerations

The District is always mindful to minimize the impact on the membership when accessing their

property. Moving large, heavy trucks and equipment into close quarters amongst homes, buried

septic systems, water systems, irrigation systems, to name only a few obstacles each carries its own

potential risk factors. Narrow right-of ways and alleys that the District facilities occupy, poses their

own set of risk mitigation issues when heavy craning, pole excavating and manlift operations are

required. Tracked hydraulic derrick equipment lends to the District’s risk management

considerations.

The Altec Model DB41B Tracked Hydraulic Derrick with Trailer and specified attachments is

available through Sourcewell. Sourcewell is a nationally recognized cooperative purchasing

association which establishes competitive pricing, documented quality and secure contracts for

vehicles and equipment. The total cost through Sourcewell for the specified unit, trailer and delivery

is $201,039.00

Recommendation

It is recommended to approve the purchase of the Altec Model DB41B Tracked Hydraulic Derrick

as specified and with trailer for the amount of $201,039.00.

Electric Vehicles

Compliance Exceptional Customer Service

Collaboration &Communication

TechnologicalInnovation &Sustainability

STRATEGIC INITIATIVES

NWCPUD promotes a culture of compliance consistent with the organizational philosophy that all employees conduct business with the highest standards of

ethics and integrity.

We strive to meet or exceed all policy and regulatory requirements.

Compliance

Governor’s Executive Order 17-21:Directives to state agencies to improve energy

efficiency, boost electric vehicle adoption, and support actions to reduce GHG emissions.

Focuses on accelerating the adoption of zero emission vehicles that will result in at least 50,000 registered electric vehicles on Oregon roads by

the end of 2020 – specifically through regulation, charging infrastructure, fleet conversion, outreach, incentives and private sector partnerships.

To provide equitable access to clean energy technology by removing barriers to electric vehicles and electric vehicle chargers.

Greenhouse Gas EmissionsTargets

Oregon’s Progress:EV’s

Oregon ranks fifth in the nation when it comes to plug-in vehicles per capita. Currently, Oregon has more than 22,000 registered electric vehicles and 1,272

public chargers in 528 locations. Seven charging networks operate in the state.

EV’s are growing at about 35 percent year over year. On keeping with the current pace, that’ll be just over 41,000 registered by 2020.

Clean Fuels ProgramOregon’s transportation sector contributes to approximately one-third of the

state’s greenhouse gases.

The Clean Fuels Program is another such component of Oregon’s plan to reduce the lifecycle carbon intensity of the transportation fuels that the state uses. This

amount is on the order of 10 percent by 2025.

Presenter

Presentation Notes

Most recent tranche of credits NWCPUD transacted on were from previous reporting years. Pictorial above represents total credits deposited as of most recent reporting provided by Oregon’s Department of Environmental Quality.

Vehicle Rebate ProgramsThe Oregon Clean Vehicle Standard Rebate Program offers a cash rebate for Oregon drivers who purchase or lease electric vehicles. It is not a tax credit.

ODEQ designed the program to reduce vehicle emissions by encouraging more Oregonians to purchase or lease electric vehicles rather than gas vehicles.

-In addition-

The Charge Ahead Rebate is for the purchase or lease of a new or used battery electric vehicle only; plug-in hybrids are not eligible. To qualify for the Charge

Ahead Rebate, the purchaser or lessee must be from a low- or moderate-income household. Income requirements vary by where you live in Oregon.

Utility PartnershipsUtilities are providing more and more to the transportation system’s “fuel”

through electrical services. Utilities are developing plans in tandem with state efforts to encourage the adoption of EV’s. Whether it be incentives for the

installation of home electric vehicle charging stations, rate design development specific to electric vehicle charging, or acting as an information resource to their

customers.

Presenter

Presentation Notes

As shown above, whether working in The Dalles and living elsewhere, living and working in The Dalles, or living in The Dalles and working elsewhere; having electric vehicle charging options locally, provide relief to those who have range anxiety.

Providing exceptional customer service to both internal and external customers is fundamental to NWCPUD’s success.

Services are continuously improved by maintaining a high level of knowledge regarding customer needs and preferences, identifying and tracking key

performance metrics, developing future program/services, and enhancing relationships.

Exceptional Customer Service

Continuously improve collaboration and communication, both internally and externally, for project management, cross-functional teams, joint-planning, expanding and improving programs and services, enhanced

stakeholder communications, and resource leveraging.

Enhanced collaboration and communication highlights the value of NWCPUD to its stakeholders and community. NWCPUD will continue outreach efforts to promote regional cooperation and planning with

other utility services providers.

Collaboration & Communication

Actively monitor and advance the utilization of new/emerging technologies to enhance performance and promote the long-term viability of NWCPUD, the community, and our customer-owners.

Technological Innovation & Sustainability

NWCPUD Plan Development

Utilize Clean Fuels Program credits.

Leverage industry partners with charging station procurement.

Analyze and determine ideal location for charging station in service area.

Get buy-in and acceptance.

NWCPUD/City of The Dalles Partnership Proposal

• Locate station at Festival Park• NWCPUD will meter station• NWCPUD will install station• City to own and maintain station • City to set charging rate for station• NWCPUD and City to promote

charging station

NWCPUD Plan Development

Poll internal NWCPUD staff on charging station location. Lewis & Clark Festival Park identified.

Sell Clean Fuels Credits to PUD customer.

NWCPUD to procure ChargePoint station with proceeds from Clean Fuel Credits.

Assemble information packet and give to The Dalles City Counsel. Request to partner with NWCPUD.

Goal 1

Goal 2

Goal 3

Goal 4 1/2

Present information to NWCPUD Board of Directors.Staff requests NWCPUD to partner with City.

Goal 4 1/2

• Doing business with NWCPUD should be easy. Being an active partner for the betterment of the community is no different.

• After the city counsel meeting being aired, NWCPUD was contacted by other community members including MCMC, the N. Wasco Parks & Rec, and the Dufur School; all with inquiries about installing electric vehicle charging stations.

• This shows that there’s an interest by local employers who want to ensure this service is available to use as a mobility option for current and future employees.

• NWCPUD is the last Oregon PUD to look into EV’s, and being a partner with installing a charging station infrastructure.

• When the local state offices begin to electrify their fleet, NWCPUD should be standing ready and able to support these efforts with infrastructure.

• NWCPUD is just now embarking on these efforts with new products and services. With a finger on the pulse, can NWCPUD look towards new developments and community partnering opportunities.

Relationships Matter

NWCPUD Coming Attractions??

Questions? Comments?

“To provide reliable, competitively-priced energy and related services that benefit our customers in the tradition of public power.”

https://www.oregon.gov/deq/aq/programs/Pages/default.aspx

Rev.1 March 27, 2019

https://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwMzEzLjMxMjUzNzEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwMzEzLjMxMjUzNzEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xNzM4MDQ0NCZlbWFpbGlkPXJvZ2VyLWtsaW5lQG53YXNjby5jb20mdXNlcmlkPXJvZ2VyLWtsaW5lQG53YXNjby5jb20mdGFyZ2V0aWQ9JmZsPSZtdmlkPSZleHRyYT0mJiY=&&&100&&&http://www.oregon.gov/energy

https://www.oregon.gov/deq/aq/programs/Pages/default.aspx

MEMORANDUM NORTHERN WASCO COUNTY PEOPLE’S UTLITY DISTRICT

March 29, 2019 To: NWCPUD Board of Directors From: Kurt Conger, Assistant General Manager Subject: Market Transaction Authorization Request – for Action on April 2, 2019

On July 3, 2018 the board passed a motion to execute the Master Resource Agreement between Northwest Intergovernmental Energy Supply (NIES) and Northern Wasco County People’s Utility District (NWCPUD). This agreement provides the ability for NWCPUD to participate in a NIES-owned power acquisition transaction. Exhibit D of this agreement (the Market Purchase Authorization Form) defines the terms of any specific NIES transaction and must be executed if NWPUD desires to be a party to the power purchase. Four megawatts of additional ARHWM power are required to meet increased diversified load demand and district staff desires to fill this need as a party to the upcoming NIES transaction. Action Request: Authorize General Manager Roger Kline to execute Exhibit D of the Master Resource Agreement between Northwest Intergovernmental Energy Supply and Northern Wasco County People’s Utility District for the purchase of 4 aMW for fiscal years 2020 and 2021. Background: The Bonneville Power Administration’s (BPA) forecast review of NWCPUD’s diversified load determined that 4MW of the district’s ARHWM allocation be used to meet increased diversified load demand. This in effect, would reduce the ARHWM allocation to non-diversified load. Since the District has elected to purchase its own resources to meet ARHWM requirements, and to maintain consistency of resources already procured for non-diversified load, a market purchase for the diversified load allocation is required. The terms of the proposed NIES market purchase transaction described in Exhibit D of the Master Resource Agreement are as follows. Since the market purchase that NIES transacts is done so on behalf of multiple NIES members, the prices shown below are “caps” that have been cooperatively determined by other NIES entities wishing to participate in this market transaction. Each party determines the volume of energy they require and in sum, a transaction is negotiated by NIES for the energy.

Fiscal Year 2020 = 4 aMW Fiscal Year 2021 = 4 aMW

As of March 28, 2019, indicative pricing for calendar years 2020 and 2021 was approximately $32 per MWh and $35.50 per MWh respectively, very similar to current federal BPA Tier 1 prices that our customers are current paying for the priority firm portion of their power.

1

EXHIBIT D

MARKET PURCHASE TRANSACTION AUTHORIZATION FORM

I Kurt J. Conger, acting as the Resource Committee Representative on behalf of Northern Wasco

County PUD authorize NIES to execute a Confirmation in order to purchase the following amounts

of power for each Fiscal Year1 (FY), stated in whole average megawatts, and not exceeding the

maximum purchase price for each FY stated below:

2020 = 4 aMW

2021 = 4 aMW

Additional conditions or requirements:

Signed: _______________________

Title: _______________________

Date: _______________________

1 Fiscal Year begins October 1 and ends September 30

MEMORANDUM DIRECTOR OF CORPORATE SERVICES


DATE: April 2, 2019 TO: Board of Directors FROM: Cyndi Gentry, SPHR, SHRM-SCP SUBJECT: Surplus Property from space planning/workstation project The project team met with stakeholders and determined that a surplus property decision is needed from the board. While phase one will not reach $50,000, there is a possibility that the two phases combined will reach that level. We do not have a dollar value to attach to the property, but phase one includes an estimated 80-100 pieces including

• Six offices

• Two desks and a table from the Project Room

• Four cubicle stations and one desk from Engineering

• Various shelves, cabinets, and old chairs Phase two will include

• Three offices

• Four desks

• Seven cubicle stations

• Various shelves, cabinets, and old chairs There may be more items discovered as the spaces are cleared and the new furniture installed. The plan is to donate what can be donated and dispose of the rest. The costs in time and storage space do not support hosting our own closed bid session or keeping it to auction off. We have interest from the school district and the ReStore. We are asking the board to declare the items removed during the space planning/workstation project to be surplus property.

2345 River Road • The Dalles • Oregon 97058-3551

(541) 296-2226 • Fax (541) 298-3320

https://www.nwascopud.org 1

MEMORANDUM NORTHERN WASCO COUNTY PEOPLE’S UTLITY DISTRICT

April 2, 2019 To: NWCPUD Board of Directors From: Justin Brock, Key Accounts Manager Subject: Oregon Clean Fuels Program Credits District staff brought before the Board of Directors at the December 2018 board meeting, a request

for Oregon Clean Fuels Program (CFP) Credits that were received from Oregon Department of

Environmental Quality, to be deemed as surplus property, advertised as a public notice, and be sold

to interested third parties. Since then, the District has received an additional volume of credits

deposited into the CFP Online account for the reporting year of 2018. The Clean Fuels Program will

continue to create credits for the District until the year 2025 when the 10 percent reduction in carbon

intensity is realized.

Recommendation: All credits generated through the Oregon Clean Fuels Program be declared surplus property until

said such program ceases, or credits no longer are deposited into the CFP Online System.

Read before entering into Executive Session: The Northern Wasco County PUD will now meet in Executive Session.

The Executive Session is being held pursuant to ORS 192.660(2)(g) to consider

preliminary negotiations involving matters of trade or commerce in which the

governing body is in competition with governing bodies in other states or nations.

Representatives of the news media and designated staff shall be allowed

to attend the Executive Session. All other staff and members of the audience are

asked to leave the room. Representatives of the news media are specifically

directed not to report on any of the deliberations during the executive

session, except to state the general subject of the session as previously

announced. No decision may be made in Executive Session. At the end of the

Executive Session, we will return to open session and you are welcome to return

back into the room.”

Read before entering into Executive Session: The Northern Wasco County PUD will now meet in Executive Session.

The Executive Session is being held pursuant to ORS 192.660(2) (d) to conduct

deliberations with persons designated by the governing body to carry on labor

negotiations.

Designated staff shall be allowed to attend the Executive Session. All other staff

and members of the audience are asked to leave the room. Staff is specifically

directed not to report on any of the deliberations during the executive session,

except to state the general subject of the session as previously announced. No

decision may be made in Executive Session. At the end of the Executive Session, we

will return to open session and you are welcome to return back into the room.”

regular session agenda northern wasco county …€¦ · staff conducted in determining their...

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