MINUTES
SPECIAL MEETING
BOARD OF DIRECTORS
ORANGE COUNTY POWER AUTHORITY
Friday, December 6, 2024
OCPA Board Special Meeting of December 6, 2024 Page 1
1. CALL TO ORDER
Chair Jung called to order the Special Meeting of the Orange County Power Authority Board of Directors at 9:00 a.m. on Friday, December 6, 2024.
2. ROLL CALL
Present: Director Tammy Kim City of Irvine
Director Kathleen Treseder City of Irvine
Vice Chair Susan Sonne City of Buena Park
Chair Fred Jung City of Fullerton
Chair Jung stated that everyone should check their truths and addressed the personal attacks of OCPA staff and the agency.
Chair Jung announced that agenda item 4.2 was removed from the agenda and continued to a date uncertain.
3. PUBLIC COMMENTS ON AGENDA ITEMS
Mike Rogers
Vicki Johnson
Charles Johnson
Michelle Johnson
Harvey Liss
Walter Nobrega
4. REGULAR CALENDAR
1. EARLY REPAYMENT OF INITIAL FUNDING CAPITAL LOAN FROM
CITY OF IRVINE
CEO Joe Mosca provided a brief summary of this item.
MOTION
Chair Jung made the motion, seconded by Director Kim to pay the loan back with interest in accordance with the JPA. That we inform our credit agency and the member agencies in a fairly deliberate manner in quarter three of 2025.
SUBSTITUTE MOTION:
Director Kim made a substitute motion, seconded by Director Treseder, to direct OCPA staff to take a look at all the preliminary steps necessary to provide early repayment, present the options and the impact on OCPA, and bring back to the Board in 90 days.
OCPA Board Special Meeting of December 6, 2024 Page 2
The motion carried by the following 3-1 vote:
Ayes: Vice Chair Sonne, Director Treseder, Director Kim, Noes: Chair Jung
Absent: None
ITEM 4.2 WAS REMOVED FROM THE AGENDA AND CONTINUED TO DATE UNCERTAIN.
2. UPDATES TO POLICY NO. 23, CHANGES TO DEFAULT RATE
PRODUCT POLICY, AND APPROVAL OF CHANGES TO POWER
SUPPLY OPTIONS/DEFAULT RATE PRODUCTS RELATING TO OCPA
ENERGY PROCUREMENT STRATEGY CHANGES
Recommended Action:
1. Approve the reduction of renewable energy content in Smart Choice from 72% to 55% for 2025 and increase it to 60% for 2026, plus 40% carbon-free energy content.
2. Approve revisions to Policy No. 23, Changes to Default Rate Product Policy, relating to power supply options and default rate products; and
3. Pursuant to updated Policy No. 23, authorize the Chief Executive Officer to implement a temporary opt-down for City of Buena Park default rate product customers to Smart Choice for 2025 and 2026.
3. POTENTIAL CHANGES TO OCPA RATE DESIGN RELATING TO
UPDATED ENERGY MARKET INFORMATION AND VARIOUS
DEFAULT RATE PRODUCT SCENARIOS
CFO Law provided a brief summary of the presentation for this item.
Director of Communications and External Affairs Henderson also provided additional information on this item.
Action Taken:
Received staff presentation and provided direction relating to potential changes in OCPA Rate Design in relation to the updated energy market information and the default rate product scenarios.
4. BUDGET, GUIDELINES, AND EXPENDITURES FOR PROFESSIONAL
DEVELOPMENT, SPONSORSHIPS AND MEMBERSHIPS
CFO Law provided a brief summary of the presentation for this item.
Action Taken:
Received and filed the presentation on budget, guidelines, and expenditures for professional development, sponsorships and memberships.
OCPA Board Special Meeting of December 6, 2024 Page 3
5. ADJOURNMENT
There being no further business to come before the Board, Chair Jung adjourned the December 6, 2024, Orange County Power Authority Board Special meeting at 11:19 a.m.
Submitted by:
Pat Jacquez-Nares, Authority Secretary