DEPARTMENT: Office of the City Clerk
DEPARTMENT HEAD: Tina J. Flores
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
Reappointing Mayor Ron Nirenberg, John Steen, Ed Kelley, Willis Mackey, Juanita (Janie) Gonzalez, Paula Gold-Williams, and Gary Gold to the SA Energy Acquisition Public Facility Corporation (PFC) Board of Directors and approval of Bylaw amendments.
SUMMARY:
Resolutions approving amendments to the PFC Bylaws updating the location of the PFC principal office and meetings to the new CPS Energy headquarters and aligning Directors' terms, and the Reappointment of Directors to the PFC Board of Directors for a term commencing February 1, 2021 and ending January 31, 2023.
BACKGROUND INFORMATION:
The CPS Energy Board of Trustees is comprised of five citizens, one of whom is the Mayor. The Mayor is a voting member of the Board and is charged with keeping the City Council advised and informed of any actions, deliberations and decisions of the Board.
In Resolution No. 2007R-04-19-0455, approved on April 19, 2007, the City Council approved the creation of the PFC. The PFC's Articles of Incorporation and Bylaws require that the City Council approve any amendments to the Bylaws, as well as appoint or reappoint the members of the CPS Energy Board of Trustees, along with the President & CEO and the CFO of CPS Energy to the PFC Board of Directors. The PFC was created to finance and acquire electric energy, power and fuel for use by CPS Energy in operating its generation plants and in providing service to its customers. PFC directors serve two-year terms, except for directors appointed to replace a director who has resigned, died, become incapacitated, or has been removed during his or her term, and directors appointed to replace a director who served on the CPS Energy Board of Trustees (each a "Successor Director'), who shall serve for the remainder of the predecessor's term. Directors whose terms have expired shall continue to serve until h...
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