DEPARTMENT: Office of the City Clerk
DEPARTMENT HEAD: Tina J. Flores
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
Confirmation of the reappointment of John T. Steen to a second term as a member of the CPS Energy Board of Trustees.
SUMMARY:
A Resolution confirming the reappointment by the CPS Energy Board of Trustees of John T. Steen to serve as Trustee of the Northeast Quadrant for a second term commencing February 1, 2021 and expiring January 31, 2026.
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. Other than the Mayor, the remaining Board members are selected from geographic quadrants of the City (NE, NW, SE and SW). City ordinances and related CPS Energy bond covenants dictate how bond funds may be used, dictate how revenues generated by CPS Energy are allocated, and grants the Board of Trustees control, management, and operation of CPS Energy systems. Ordinances related to CPS Energy bonds require that nominees for vacancies on the CPS Energy Board of Trustees be elected by a majority of the remaining members of the Board of Trustees, to include the vote of the Mayor as a member of the Board, and that those nominees be submitted to the City Council for confirmation or rejection. Trustees are eligible to serve two five-year terms.
At their December 14, 2020 Meeting, the CPS Energy Board of Trustees elected John T. Steen to a second term as Trustee of the CPS Energy Board representing the Northeast Quadrant. Mr. Steen's term will begin on February 1, 2021 and end January 31, 2026.
ISSUE:
Pursuant to Ordinance No. 83050 and later ordinances and bond covenants approved by City Council, a nominee for the CPS Energy Board shall be elected by the majority vote of the CPS Energy Board. The nomination...
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