HomeMy WebLinkAbout09252018 City Council Work Session - Laydown - GVEA Resolution 110-18i �Mz5
VVA
GVLA
Golden Valley) itl~trie Association
PO Box 71249, FairhariUo AK 99707 1249 - (90:7 452 1151 - qt % Pza rnm
RESOLUTION NO. 110-18
APPROVING THE EXECUTION OF A MEMORANDUM OF UNDERSTANDING TO
CREATE A RAILBELT RELIABILITY COUNCIL AND THE FILING OF A TRANSCO
CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY
WHEREAS, Golden Valley Electric Association, Inc. (GVEA) has previously entered
into a Joint Development Agreement with American Transmission Company, LLC ("ATC")
and other Railbelt electric utilities under which they have negotiated a mutually satisfactory
agreement on certain terms and conditions for the definitive agreements by which the
parties will form, operate, maintain and invest in the formation of a single entity to operate,
maintain and invest in Alaska's Railbelt Transmission Organization ("TRANSCO"); and
WHEREAS, GVEA has participated with the other Railbelt electric utilities in the
development of a Memorandum of Understanding ("MOU") by which the parties to the MOU
would agree to proceed with the creation of a Railbelt Reliability Council ("RRC") and the
concurrent adoption by the RRC of a formal Business Plan for the RRC's creation and
operation and which would authorize the filing with the RCA of an Application for a
Certificate of Public Convenience and Necessity ("CPCN") for the TRANSCO; and
WHEREAS, the GVEA Board of Directors have determined that the simultaneous
creation and operation of a TRANSCO and an RRC would benefit the safe, efficient and
reliable operation of the TRANSCO.
NOW THEREFORE, BE IT RESOLVED, that GVEA's Board of Directors supports
the execution of a Memorandum of Understanding for the creation of a Railbelt Reliability
Council as agreed to by all Railbelt utilities and the filing of a CPCN for a TRANSCO, and
further authorizes the execution of necessary documents by Cory R. Borgeson as President
& Chief Executive Officer.
CERTIFICATION
I, John Sloan, do hereby certify that I am the Secretary of Golden Valley Electric Association, Inc., an electric
not -for -profit cooperative membership corporation organized and existing under the laws of the State of
Alaska; that the foregoing is a complete and correct copy of a resolution adopted at a regular meeting of the
Board of Directors of this corporation, duly and properly called and held on the 20' day of September, 2018;
that a quorum was present at the meeting; that the resolution Is set forth In the minutes of the meeting and
has not been rescinded or modified.
IN WITNESS WHEREOF, 1 have hereunto subscribed my name and affixed the seal of the corporation this 24u'
\``�fi�fptember, 2018.
Jo Sloan, ecretary