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CITY OF RIVERSIDE <br /> PUBLIC UTILITIES DEPARTMENT <br /> Finance/Marketing Committee Meeting <br /> MINUTES <br /> FEBRUARY 26,2010 <br /> COMMITTEE MEMBERS PRESENT: STAFF MEMBERS PRESENT: <br /> Ken Sutter Dave Wright, Utilities General Manager <br /> Bernie Titus Reiko Kerr, Utilities Chief Financial Officer <br /> Bob Elliot Gary Nolff, Assistant General Manager Resources <br /> Steve Badgett, Deputy General Manager Energy Delivery <br /> Kevin Milligan,Assistant General Manager Water <br /> ABSENT Mike Bacich, Utilities Customer Relations Manager <br /> None Susan Wilson, Deputy City Attorney <br /> Elizabeth Sanchez, Utilities Legislative Analyst <br /> Board member Sutter called the meeting to order at 9:00 am. <br /> I. CITIZENS PARTICIPATION <br /> None, <br /> 2. RELIABILITY CHARGE UPDATE <br /> General Manager Wright provided a presentation given to local businesses on establishing the reliability <br /> charge, and reminded the committee that the second phase of the reliability charge became effective <br /> January 1, 2010. <br /> 3. SHOSHONE POWER PURCHASE AGREEMENT UPDATE <br /> Assistant General Manager Resources Nolff discussed the current status of, and challenges associated <br /> with,the Shoshone/Renaissance geothermal power contracts,and ongoing efforts to search for economic <br /> renewable power purchase opportunities. The resources section will provide a future update that <br /> indentifies alternatives and potential costs to serve renewable power to meet various renewable portfolio <br /> target percentages. <br /> 4. CALIFORNIA STATE BALLOT PETITION 09-0015 "THE TAXPAYERS RIGHT TO VOTE ACT" <br /> Utilities Legislative Analyst Sanchez updated the committee on the June ballot initiative that was <br /> subsequently and officially renamed"The New 2/3 Requirement for Local Public Electricity Providers Act" <br /> or Prop 16. This initiative is sponsored by Pacific Gas and Electric Company and would require municipally <br /> owned utilities such as Riverside to acquire 2/3 of the voters approval (of both existing customers and <br /> those proposing to be annexed) prior to proceeding with future annexations efforts. <br /> 5. UPDATE ON TEQUESQUITE SCHEDULE <br /> Item was pulled and will be discussed in a future meeting. <br /> 6. GENERAL MANAGER'S REPORT <br /> None. <br /> 7. ITEMS FOR FUTURE MEETINGS <br /> None. <br /> Having no other business, the meeting adjourned at 9:40 a.m. <br /> By. Dated: 2/26/10 <br /> Reiko . Kerr, Public Utilities hief Financial Officer <br />