WEBVTT 00:00:00.000 --> 00:00:25.300 Unknown: f 00:03:25.300 --> 00:03:29.300 Unknown: We'll do the 5 second check-in. 00:03:35.300 --> 00:03:38.300 Unknown: Oh, we can't do it yet. It's not sick. 00:03:39.300 --> 00:03:42.300 SPEAKER_13: Oh no, my watch is fast. 00:03:48.300 --> 00:03:51.300 Unknown: Yeah, I want to get away from you guys. 00:03:55.300 --> 00:03:58.300 Unknown: I'll save you behind when I get away from you. 00:04:25.300 --> 00:04:29.300 Unknown: We'll do the 5 second check-in. 00:04:56.300 --> 00:04:59.300 Unknown: Okay, 5 seconds here. 00:05:05.300 --> 00:05:11.300 Unknown: Good evening, and I'll call to order the SMUD Board of Directors meeting of June 18, 2026. 00:05:11.300 --> 00:05:14.300 SPEAKER_13: Please join me in the pledge of the flag. 00:05:14.300 --> 00:05:32.300 Unknown: I pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. 00:05:32.300 --> 00:05:35.300 SPEAKER_07: Thank you. 00:05:35.300 --> 00:05:43.300 Unknown: This meeting of the SMUD Board of Directors is recorded with closed captioning. 00:05:43.300 --> 00:05:53.300 SPEAKER_13: The recording will be cable cast on Metro Cable Channel 14, the local government affairs channel on the Comcast and DirecTV U-verse cable systems. 00:05:53.300 --> 00:06:00.300 SPEAKER_13: The recording will also be video streamed at metro14live.seccounty.gov. 00:06:00.300 --> 00:06:10.300 SPEAKER_13: Today's meeting replays Tuesday, June 23 at 9 a.m. and Wednesday, June 24 at 9 a.m. on Metro Cable Channel 14. 00:06:10.300 --> 00:06:18.300 SPEAKER_13: Once posted, the recording of this meeting can be viewed on demand at youtube.com slash Metro Cable 14. 00:06:18.300 --> 00:06:26.300 SPEAKER_13: Please remember to unmute your microphone when speaking in order that our virtual attendees may hear. 00:06:26.300 --> 00:06:30.300 SPEAKER_13: The microphone will display a green indicator light when the mic is on. 00:06:30.300 --> 00:06:35.300 SPEAKER_13: Please put all electronic devices in the silent mode while in the auditorium. 00:06:35.300 --> 00:06:47.300 SPEAKER_13: For members of the public attending in person who wish to speak at this meeting, please fill out a speaker's request form located on the table outside this room and hand it to SMUD Security. 00:06:48.300 --> 00:07:05.300 SPEAKER_13: Members of the public attending this meeting virtually who wish to provide verbal comments during the board meeting may do so by using the raise hand feature in Zoom or pressing star 9 while dialed into the telephone toll-free number at the time public comment is called. 00:07:05.300 --> 00:07:13.300 SPEAKER_13: Technical support staff will enable the audio for you when your name is announced during the public comment period. 00:07:13.300 --> 00:07:19.300 SPEAKER_13: You may also submit written comments by emailing them to publiccomment at smud.org. 00:07:19.300 --> 00:07:32.300 SPEAKER_13: Written comments will not be read into the record but will be provided to the board electronically and placed into the record of the meeting if received within two hours after the meeting ends. 00:07:33.300 --> 00:07:47.300 SPEAKER_13: Members may speak to items on the agenda on which the board will take action and may also address the board on other agenda items and items not on the agenda but within our jurisdiction during the general comment period. 00:07:47.300 --> 00:07:52.300 SPEAKER_13: This auditorium is equipped with a safety alarm. 00:07:52.300 --> 00:07:58.300 SPEAKER_13: If the alarm sounds, please leave in an orderly manner via the exits to the lobby or behind the dais. 00:07:58.300 --> 00:08:05.300 SPEAKER_13: Assemble in front of the building and wait to hear the all clear announcement from security before reentering. 00:08:05.300 --> 00:08:08.300 SPEAKER_13: Would the Chief Legal Officer please conduct a roll call? 00:08:08.300 --> 00:08:09.300 SPEAKER_13: Director Rose? 00:08:09.300 --> 00:08:10.300 SPEAKER_06: I'm here. 00:08:10.300 --> 00:08:11.300 SPEAKER_13: Director Buettomson? 00:08:11.300 --> 00:08:12.300 SPEAKER_06: Present. 00:08:12.300 --> 00:08:13.300 SPEAKER_06: Director Fishman? 00:08:13.300 --> 00:08:14.300 SPEAKER_06: Here. 00:08:14.300 --> 00:08:15.300 SPEAKER_06: Director Herber? 00:08:15.300 --> 00:08:16.300 Unknown: Here. 00:08:16.300 --> 00:08:17.300 SPEAKER_06: Vice President Kurth? 00:08:17.300 --> 00:08:18.300 SPEAKER_06: Here. 00:08:18.300 --> 00:08:19.300 SPEAKER_06: Director Sanborn? 00:08:19.300 --> 00:08:20.300 SPEAKER_06: Here. 00:08:20.300 --> 00:08:21.300 SPEAKER_04: President Tamayo? 00:08:21.300 --> 00:08:22.300 SPEAKER_06: Here. 00:08:22.300 --> 00:08:23.300 SPEAKER_13: You have a quorum. 00:08:23.300 --> 00:08:24.300 Unknown: Thank you. 00:08:24.300 --> 00:08:26.300 SPEAKER_13: Oh, excuse me. 00:08:26.300 --> 00:08:34.299 Unknown: Next is our 2030 Climate Action Tip and Director Herber will share that with us. 00:08:34.299 --> 00:08:37.299 Unknown: Thank you, Mr. President. 00:08:37.299 --> 00:08:42.299 SPEAKER_04: SMUD is working towards 100% zero carbon by 2030. 00:08:42.299 --> 00:08:50.299 SPEAKER_04: There's lots of ways you can help us lead the global clean power city movement. 00:08:50.299 --> 00:09:06.299 Unknown: As summer begins, and that means time of day rates are here through September 30th, to save energy and money, you can focus on reducing your energy use from 5 p.m. to 8 p.m. 00:09:07.299 --> 00:09:21.299 SPEAKER_04: Set your thermostat to 78 degrees or higher, close blinds, and run large appliances like dishwashers and laundry machines in the morning or late evening. 00:09:21.299 --> 00:09:27.299 Unknown: Join the charge and visit cleanpowercity.com. 00:09:27.299 --> 00:09:28.299 SPEAKER_04: Dot org. 00:09:28.299 --> 00:09:32.299 Unknown: Thank you, Director Herber. 00:09:32.299 --> 00:09:38.299 SPEAKER_13: Now if there are no corrections, changes or additions, I'll entertain a motion to approve the agenda. 00:09:38.299 --> 00:09:39.299 SPEAKER_20: Motion to approve. 00:09:39.299 --> 00:09:40.299 Unknown: Second. 00:09:40.299 --> 00:09:47.299 Unknown: That motion was moved by Director Sanborn and seconded by Director Fishman. 00:09:47.299 --> 00:09:50.299 SPEAKER_13: Directors, please vote. 00:09:50.299 --> 00:09:54.299 Unknown: The agenda is approved with all directors voting yes. 00:09:54.299 --> 00:09:57.299 Unknown: Now we'll move on to our committee chair reports. 00:09:57.299 --> 00:10:07.299 SPEAKER_13: Director Sanborn, chair of the Strategic Development Committee, will give the report of the June 9, 2026 meeting. 00:10:07.299 --> 00:10:09.299 Unknown: Thank you, President Smiocco. 00:10:09.299 --> 00:10:13.299 Unknown: The Strategic Development Committee met on Tuesday, June 9, last week. 00:10:13.299 --> 00:10:23.299 SPEAKER_20: There was one informational item, which was to provide the board with presentations by external and internal experts regarding resource adequacy and summer readiness for 2026. 00:10:24.299 --> 00:10:29.299 SPEAKER_20: Last summer, there were fewer extreme operating days compared to recent years. 00:10:29.299 --> 00:10:34.299 Unknown: The generation and transmission systems were healthy and there were no significant forced outages. 00:10:34.299 --> 00:10:46.299 SPEAKER_20: SMUD's Director of Energy, Trading and Contracts, John Olson, shared that for 2026, bank and SMUD readiness assessments are in what they call cautiously optimistic range. 00:10:46.299 --> 00:10:52.299 SPEAKER_20: Resource adequacy, pricing, and market energy prices continue to ease year over year. 00:10:52.299 --> 00:11:06.299 Unknown: We will utilize financial hedges to address forward-looking energy imbalances, to provide price protection and leverage the Kaiso Energy Imbalance Market and Bilateral Market to enhance reliability and generate cost savings. 00:11:06.299 --> 00:11:13.299 SPEAKER_20: Overall, the 2026 outlook again is cautiously optimistic with healthy generation and transmission assets. 00:11:13.299 --> 00:11:22.299 SPEAKER_20: Key risk factors to watch for include wildfire threats across the west-wide transmission system and the potential heat events in the region. 00:11:22.299 --> 00:11:24.299 SPEAKER_20: This concludes my report. 00:11:24.299 --> 00:11:25.299 Unknown: Thank you. 00:11:25.299 --> 00:11:33.299 SPEAKER_13: And now, Director Herber, Chair of the Policy Committee, will give the report of the June 10, 2026 meeting. 00:11:33.299 --> 00:11:35.299 SPEAKER_13: Thank you, Mr. President. 00:11:35.299 --> 00:11:41.299 SPEAKER_04: The Policy Committee met on Wednesday, June 10, 2026. 00:11:41.299 --> 00:11:46.299 SPEAKER_04: There were three discussion items and one informational item. 00:11:46.299 --> 00:11:59.299 Unknown: The first discussion item was to discuss the monitoring report for 2025 Strategic Direction SD4, which relates to reliability. 00:11:59.299 --> 00:12:05.299 SPEAKER_04: SMUD was in compliance for both generation and transmission availability. 00:12:05.299 --> 00:12:18.299 SPEAKER_04: SMUD's generation and transmission system met customers' energy needs 100 percent of the time through a combination of SMUD generation and purchase power. 00:12:18.299 --> 00:12:24.299 SPEAKER_04: The transmission availability was at 100 percent for the year. 00:12:24.299 --> 00:12:45.299 SPEAKER_04: SMUD was in compliance for both system average interruption duration index, or SADI, which measures average outage frequency, and system average interruption frequency index, or SAVI, which measures average outage duration. 00:12:45.299 --> 00:12:50.299 SPEAKER_04: This is item number five on tonight's consent calendar. 00:12:51.299 --> 00:13:12.299 Unknown: The second discussion item was to approve proposed revisions to Strategic Direction 4, which is on reliability, and it sets reliability standards for electric service, including measurable targets for SAVI and SADI. 00:13:13.299 --> 00:13:25.299 SPEAKER_04: In 2009, SD4 was modified to update targets to distinguish between periods, including and excluding major events. 00:13:25.299 --> 00:13:37.299 SPEAKER_04: Major events are defined as events caused by earthquake, fire, or severe storms that result in a government-declared state of emergency. 00:13:38.299 --> 00:13:53.299 SPEAKER_04: Without a state of emergency, natural disasters are excluded until they affect more than 15 percent of system facilities or 10 percent of customers, whichever is less. 00:13:54.299 --> 00:14:08.299 Unknown: Considering challenges posed by climate change, staff reviewed our reliability metrics and benchmarked them against peer utilities facing similar conditions. 00:14:08.299 --> 00:14:20.299 Unknown: Staff proposed that the SADI target, including major events, be updated based on the 10-year average from 2016 to 2025. 00:14:20.299 --> 00:14:33.299 SPEAKER_04: This revision allows us to set more realistic expectations while continuing to drive improvements in grid resilience and customer service. 00:14:33.299 --> 00:14:37.299 SPEAKER_04: This is item number six on tonight's consent calendar. 00:14:39.299 --> 00:14:55.299 Unknown: The third discussion item was to allow the board of directors and executive staff an opportunity to discuss and evaluate existing policies. 00:14:56.299 --> 00:15:16.299 Unknown: We reviewed Board Linkage 6, Evaluation of the CEO's Performance, Board Linkage 7, Delegation to the CEO, and Board Linkage 8, Delegation to the CEO with respect to procurement. 00:15:17.299 --> 00:15:25.299 SPEAKER_04: The first informational item was a presentation on the Board Work Plan. This concludes my report. 00:15:28.299 --> 00:15:38.299 SPEAKER_13: Thank you, Director Herber. And now, Director Rose, chair of the Finance and Audit Committee, will give the report of the June 16, 2026 meeting. 00:15:39.299 --> 00:15:40.959 Unknown: Thank you, President Spi 00:15:40.959 --> 00:15:47.299 SPEAKER_12: The Finance and Audit Committee met on Tuesday, June 16, 2026. There were three discussion items and two informational items. 00:15:47.299 --> 00:16:06.299 SPEAKER_12: The first discussion item was to authorize the chief executive officer and general manager to negotiate and award a contract to NV5 Geospatial Inc. for LIDAR Remote Sensing and Data Analytics Professional Services for a five-year term from June 19, 2026 to June 18, 2031, not to exceed $11 million. 00:16:07.299 --> 00:16:09.299 SPEAKER_12: This is item number seven on tonight's consent calendar. 00:16:10.299 --> 00:16:34.299 Unknown: The second discussion item was to authorize the CEO and general manager to negotiate and award contracts to AECOM Technical Services, Kleinfelder, Geo Syntech Consultants, Parsons Transportation Group, and Brown and Caldwell for on-call remediation and environmental services for the five-year period from July 1, 2026 to June 30, 2031, 00:16:34.299 --> 00:16:40.299 SPEAKER_12: with one optional three-year extension for a total amount not to exceed $35 million across the contracts. 00:16:40.299 --> 00:16:43.299 SPEAKER_12: This is item number eight on the consent calendar. 00:16:45.299 --> 00:17:00.299 Unknown: The third discussion item was to approve the issuance of SMUD's 2026 Series P Electric Revenue Bonds and SMUD's 2026 Series G Subordinated Electric Revenue Bonds and authorize the distribution of the preliminary official statement. 00:17:00.299 --> 00:17:09.299 SPEAKER_12: This item also authorized the CEO and general manager to execute the necessary documents to complete the transaction, including the bond, purchase agreement, or agreements. 00:17:09.299 --> 00:17:13.299 SPEAKER_12: This is item number 10 and on tonight's discussion calendar. 00:17:15.299 --> 00:17:21.299 Unknown: The first informational item was to provide the board with the quarterly procurement report for the first quarter of 2026. 00:17:21.299 --> 00:17:28.299 SPEAKER_12: And the second informational item was to provide the board with SMUD's financial results from the four-month period ending April 30, 2026. 00:17:29.299 --> 00:17:32.299 SPEAKER_12: And a summary of SMUD's current power supply costs. 00:17:32.299 --> 00:17:33.299 SPEAKER_12: And this concludes the report. 00:17:33.299 --> 00:17:34.299 SPEAKER_12: Thank you. 00:17:34.299 --> 00:17:47.299 Unknown: Thank you, Director Rose and now Director Bowie-Thompson, Chair of the Energy Resources and Customer Services Committee, will give the report of the June 17, 2026 meeting. 00:17:47.299 --> 00:17:48.299 SPEAKER_13: Thank you. 00:17:48.299 --> 00:17:52.299 SPEAKER_18: There was one discussion item and one informational item. 00:17:52.299 --> 00:18:06.299 SPEAKER_18: The discussion item was an update on the proposed adoption of SMUD's 2026 utility security plan, which is required by the California Public Utilities Commission for certain covered distribution assets that serve critical public safety and community facilities. 00:18:06.299 --> 00:18:18.299 SPEAKER_18: The CPUC requires utilities to complete a five-year security planning process that includes identifying covered facilities, assessing risks, developing and validating a security plan, and presenting it to the board for adoption. 00:18:18.299 --> 00:18:33.299 SPEAKER_18: An independent third-party review was completed by ARCHER, which recommended onsite reviews of each covered asset and additional measures to help SMUD deter, detect, delay, assess, communicate, and respond to physical security threats. 00:18:33.299 --> 00:18:43.299 SPEAKER_18: The Sacramento County Sheriff's Department Security Service Division reviewed and validated the plan, confirming it adequately addresses the identified security requirements. 00:18:43.299 --> 00:18:46.299 SPEAKER_18: This is item number nine on tonight's consent calendar. 00:18:46.299 --> 00:18:54.299 SPEAKER_18: The informational item was a presentation by our Chief Financial Officer Scott Martin on large load policies and considerations for cost recovery. 00:18:55.299 --> 00:19:05.299 SPEAKER_18: The presentation provided background on SMUD's current approach to large loads and reviewed both local jurisdiction process and SMUD's process for evaluating and serving these types of customers. 00:19:05.299 --> 00:19:14.299 SPEAKER_18: The presentation noted that SMUD has a legal obligation to serve, that some customers are currently served through economic development rates or customer tailored agreements. 00:19:14.299 --> 00:19:22.019 SPEAKER_18: Existing tariffs, rules, and rate structures for standard loads do not fully address customers with large loads of 50 megawatts or more. 00:19:22.019 --> 00:19:30.379 SPEAKER_18: And key elements for those customers, including rate schedules, infrastructure costs, treatment, and non-standard service needs, are still to be determined. 00:19:30.379 --> 00:19:41.339 SPEAKER_18: Staff will bring a proposed large load policy that protects existing customers from increased costs related to serving large load customers back to the board for further discussion and consideration by the end of the year. 00:19:41.339 --> 00:19:42.299 SPEAKER_18: This concludes my report. 00:19:43.299 --> 00:19:45.299 Unknown: Thank you, Director Buie-Thompson. 00:19:45.299 --> 00:19:50.299 SPEAKER_13: At this time, we'll take comments from the public on the consent calendar. 00:19:50.299 --> 00:19:54.299 SPEAKER_13: Do we have any requests to speak on that item? 00:19:54.299 --> 00:19:57.299 Unknown: I do not have any requests on the consent calendar now. 00:19:57.299 --> 00:19:58.299 SPEAKER_13: Okay, thank you. 00:19:58.299 --> 00:20:03.299 SPEAKER_13: So our consent calendar consists of the following items. 00:20:03.299 --> 00:20:15.299 SPEAKER_13: Item number three is to approve board member compensation for service rendered at the request of the board for the period of May 16, 2026 through June 15, 2026. 00:20:15.299 --> 00:20:21.299 SPEAKER_13: Item number four is the approval of the minutes of the meeting of May 21, 2026. 00:20:21.299 --> 00:20:29.299 SPEAKER_13: Items number five and number six were reviewed at the policy committee of June 10, 2026. 00:20:29.299 --> 00:20:39.299 SPEAKER_13: Items number seven and number eight were reviewed at the finance and audit committee of June 16, 2026. 00:20:39.299 --> 00:20:47.299 SPEAKER_13: Item number nine was reviewed at the ERCS committee of June 17, 2026. 00:20:47.299 --> 00:20:53.299 SPEAKER_13: If there are no corrections, changes, or additions, I'll entertain a motion to approve the consent calendar. 00:20:53.299 --> 00:20:55.299 Unknown: So moved. 00:20:55.299 --> 00:20:57.299 Unknown: Second. 00:20:57.299 --> 00:21:02.299 Unknown: Okay, moved by Director Herbers, seconded by Director Bowie-Thompson. 00:21:02.299 --> 00:21:05.299 SPEAKER_13: Directors, please vote. 00:21:05.299 --> 00:21:09.299 Unknown: The consent calendar is approved with all directors voting yes. 00:21:09.299 --> 00:21:11.299 Unknown: All right. 00:21:11.299 --> 00:21:12.299 Unknown: Thank you. 00:21:12.299 --> 00:21:15.299 SPEAKER_13: Now we'll move on to our discussion calendar. 00:21:15.299 --> 00:21:29.299 SPEAKER_13: Item number 10 is to approve the issuance of SMUD 2026 Series P electric revenue bonds and SMUD 2026 Series G subordinated electric revenue bonds, 00:21:29.299 --> 00:21:33.299 SPEAKER_13: authorize the distribution of the preliminary official statement, 00:21:33.299 --> 00:21:41.299 SPEAKER_13: and authorize the CEO and general manager to execute documents necessary to complete the transaction or transactions, 00:21:41.299 --> 00:21:45.299 SPEAKER_13: including the bond purchase agreement or agreements. 00:21:45.299 --> 00:21:51.299 SPEAKER_13: And our presenter is Jennifer Restivo, Director of Treasury and Revenue Strategy. 00:21:51.299 --> 00:21:53.299 SPEAKER_13: Take it away, Jennifer. 00:21:53.299 --> 00:21:54.299 Unknown: Thank you, President, to my own. 00:21:54.299 --> 00:21:56.299 SPEAKER_19: Thank you, Board members. 00:21:56.299 --> 00:22:02.299 SPEAKER_19: I'm here tonight to ask for Board approval to issue $250 million in green bonds. 00:22:02.299 --> 00:22:10.299 Unknown: So this will fund our capital needs, boost our liquidity, and refund $50 million of green commercial paper that we issued in May. 00:22:10.299 --> 00:22:17.299 Unknown: So we'll be issuing $125 million in put bonds and $125 million in long-term fixed rate bonds. 00:22:17.299 --> 00:22:23.299 Unknown: This financing is part of our broader approach to make sure that we have the resources we need to invest in the system, 00:22:23.299 --> 00:22:27.299 SPEAKER_19: serve our customers reliably, and maintain financial strength over time. 00:22:27.299 --> 00:22:32.299 Unknown: So reliable service depends on having enough cash to manage our obligations, 00:22:32.299 --> 00:22:36.299 SPEAKER_19: and so we manage that liquidity through revenue from our customers, 00:22:36.299 --> 00:22:42.299 Unknown: discipline capital planning, and also accessing the capital markets through issuing debt. 00:22:42.299 --> 00:22:49.299 Unknown: So our goal is to maintain at least 150 days cash, which helps us stay financially flexible and prepared for changing conditions. 00:22:49.299 --> 00:22:53.299 Unknown: We use both short-term and long-term borrowing as part of our balanced financial strategy. 00:22:53.299 --> 00:22:58.299 SPEAKER_19: Short-term borrowing gives us the opportunity to get money quickly if we need it when timing is important, 00:22:58.299 --> 00:23:05.299 SPEAKER_19: and long-term borrowing allows us to match that payment, repayment of that debt with the long-lived assets that we're borrowing for, 00:23:05.299 --> 00:23:08.299 SPEAKER_19: which is how customers benefit from them. 00:23:08.299 --> 00:23:15.299 Unknown: So we're proposing to do both the fixed rate and put bonds because each serves a different purpose in our overall financial strategy. 00:23:15.299 --> 00:23:19.299 SPEAKER_19: The put bonds give us a lower borrowing cost and add flexibility for this. 00:23:19.299 --> 00:23:23.299 SPEAKER_19: They can be a good fit when we want to take advantage of current market conditions. 00:23:23.299 --> 00:23:27.299 SPEAKER_19: They do introduce future refinancing risk, which we manage carefully, 00:23:27.299 --> 00:23:32.299 SPEAKER_19: and we use the subordinate lien for the put bonds because it gives us clarity for a more complex step. 00:23:32.299 --> 00:23:36.299 Unknown: The fixed rate bonds give us long-term certainty and predictable debt service. 00:23:36.299 --> 00:23:40.299 SPEAKER_19: They lock in our current rates and reduce our exposure to future market changes, 00:23:40.299 --> 00:23:44.299 SPEAKER_19: and they're similar to a mortgage in that the payment is level over time. 00:23:44.299 --> 00:23:50.299 Unknown: And the senior lien is for the fixed rate bonds because those are simpler and minimize interest expense. 00:23:50.299 --> 00:24:05.299 Unknown: So this issuance is consistent with our financial strategy and our long-term approach to responsible capital planning. 00:24:05.299 --> 00:24:12.299 Unknown: So our target remains to fund approximately 60% of our capital through cash from our customers and 40% through borrowing. 00:24:12.299 --> 00:24:15.299 SPEAKER_19: So we've evaluated the impact of this transaction on our budget. 00:24:15.299 --> 00:24:18.299 SPEAKER_19: We had assumed $260 million of borrowing. 00:24:18.299 --> 00:24:21.299 SPEAKER_19: We have budget authorization to do up to $400 million. 00:24:21.299 --> 00:24:26.299 SPEAKER_19: This transaction will be $250 million, and this will reimburse capital, prior capital spending, 00:24:26.299 --> 00:24:33.299 SPEAKER_19: and gives us some flexibility in the timing in which we do our bond issuances in 2027. 00:24:33.299 --> 00:24:38.299 Unknown: So as we always talk about, strong credit ratings are very important when we need to access the credit markets, 00:24:38.299 --> 00:24:44.299 SPEAKER_19: and we were just taken off of negative watch from Standard & Poor's, which is a very positive sign for SMUD. 00:24:44.299 --> 00:24:51.299 Unknown: And our double A rating definitely helps keep our borrowing costs lower and supports our continued access to markets. 00:24:51.299 --> 00:24:58.299 Unknown: And maintaining strong credit is a really important part of protecting our customer value and keeping our financing costs as low as possible. 00:24:58.299 --> 00:25:02.299 Unknown: So I think everyone's aware the market's pretty volatile right now, 00:25:02.299 --> 00:25:08.299 SPEAKER_19: and so because of that, we want to move forward now to secure the financing before conditions change even more. 00:25:08.299 --> 00:25:11.299 Unknown: This will help us lock in those rates. 00:25:11.299 --> 00:25:17.299 SPEAKER_19: We're continuing to monitor pricing daily, so we do have some flexibility in the timing of when this transaction will close, 00:25:17.299 --> 00:25:19.299 SPEAKER_19: and we do the pricing based on that. 00:25:19.299 --> 00:25:27.299 SPEAKER_19: The good news is total interest cost for this transaction is currently based on current market conditions just under 3%, which is really good. 00:25:27.299 --> 00:25:33.299 SPEAKER_19: And the issuance cost is about $1 million, which is less than we have budgeted. 00:25:33.299 --> 00:25:39.299 SPEAKER_19: So the board has reviewed and been provided the official statement and related bond documents. 00:25:39.299 --> 00:25:41.299 SPEAKER_19: There are some amendments in those documents. 00:25:41.299 --> 00:25:47.299 SPEAKER_19: Those have been approved by all existing bondholders, and they are beneficial to SMUD. 00:25:47.299 --> 00:25:52.299 Unknown: And board approval today will help us finalize the resolution and complete the transaction. 00:25:52.299 --> 00:25:57.299 Unknown: We know that you want to make sure that local investors have an opportunity to invest, 00:25:57.299 --> 00:26:00.299 SPEAKER_19: and so we're also making this available to local investors. 00:26:00.299 --> 00:26:05.299 SPEAKER_19: They're called retail investors, so individual investors, not large institutions. 00:26:06.299 --> 00:26:12.299 SPEAKER_19: It could be SMUD customers, local residents, or anyone with an investment account at a participating firm. 00:26:12.299 --> 00:26:18.299 SPEAKER_19: And we have several banks working as underwriters, and we have a selling group as well, so that broadens the exposure. 00:26:18.299 --> 00:26:22.299 SPEAKER_19: And the retail order period will give priority to California investors. 00:26:22.299 --> 00:26:26.299 SPEAKER_19: And so there was a question on Tuesday night when I did this presentation, 00:26:26.299 --> 00:26:29.299 SPEAKER_19: Director Herbert asked how we were going to get the word out on this. 00:26:29.299 --> 00:26:37.299 Unknown: And so we will be doing an ENN next week, and we will be doing a news release once the documents are posted to EMA. 00:26:37.299 --> 00:26:41.299 Unknown: And underwriters obviously do a lot of outreach because they want to sell all the bonds. 00:26:41.299 --> 00:26:44.299 SPEAKER_19: So that will be happening next week. 00:26:44.299 --> 00:26:48.299 SPEAKER_19: And so in summary, this financing really helps us maintain our liquidity, 00:26:48.299 --> 00:26:52.299 SPEAKER_19: supports our capital program, and manage our borrowing costs responsibly. 00:26:52.299 --> 00:26:56.299 Unknown: And so we're asking for the board to approve so we can move forward under the current conditions 00:26:56.299 --> 00:26:59.299 SPEAKER_19: and continue delivering long-term value for our customers. 00:26:59.299 --> 00:27:00.299 SPEAKER_19: Any questions? 00:27:03.299 --> 00:27:05.299 Unknown: Director Sander. 00:27:05.299 --> 00:27:10.299 Unknown: I just wanted to say thank you again, and just love the green bonds, thrilled that we're doing it again, 00:27:10.299 --> 00:27:12.299 SPEAKER_20: and that the public's going to be able to participate. 00:27:12.299 --> 00:27:18.299 SPEAKER_20: But I do want to clarify for the public, since you said we had that negative rating removed, 00:27:18.299 --> 00:27:20.299 SPEAKER_20: it wasn't anything we had done. 00:27:20.299 --> 00:27:24.299 SPEAKER_20: It was just that we were in a high-fire area that sort of wants us. 00:27:24.299 --> 00:27:31.299 SPEAKER_20: But I just want the public to know we were just kind of lumped in with other entities, 00:27:31.299 --> 00:27:35.299 SPEAKER_20: but it wasn't us, and so they took us off the negative rating. 00:27:35.299 --> 00:27:36.299 SPEAKER_20: Correct. 00:27:36.299 --> 00:27:44.299 SPEAKER_19: S&P put seven California utilities on negative outlook March of last year in response to the fires. 00:27:44.299 --> 00:27:45.299 SPEAKER_19: Right. 00:27:45.299 --> 00:27:47.299 SPEAKER_19: So we finally got off negative. 00:27:49.299 --> 00:27:52.299 Unknown: Anything else from the rest of the board members? 00:27:53.299 --> 00:27:56.299 Unknown: Do we have anything, any requests from the public? 00:27:56.299 --> 00:27:57.299 SPEAKER_13: I don't have any cards. 00:27:57.299 --> 00:27:58.299 SPEAKER_13: No, we do not. 00:27:58.299 --> 00:27:59.299 SPEAKER_06: Okay. 00:28:00.299 --> 00:28:03.299 SPEAKER_13: Before we move on to vote, I just wanted to mention to the – 00:28:03.299 --> 00:28:08.299 SPEAKER_13: because I know we have a number of folks from the public, and this is actually kind of a big thing, 00:28:08.299 --> 00:28:12.299 SPEAKER_13: but we discussed this pretty thoroughly a couple of days ago. 00:28:12.299 --> 00:28:14.299 SPEAKER_13: That's sort of our normal thing. 00:28:14.299 --> 00:28:19.299 SPEAKER_13: We do most of our discussion in committee meetings, so we don't have a lot of discussion here tonight. 00:28:19.299 --> 00:28:28.299 SPEAKER_13: So that being said, if there's no further discussion, I'll entertain a motion to approve discussion calendar item 10. 00:28:28.299 --> 00:28:29.299 Unknown: So moved. 00:28:29.299 --> 00:28:30.299 Unknown: I'll second. 00:28:30.299 --> 00:28:31.299 Unknown: Okay. 00:28:31.299 --> 00:28:34.299 SPEAKER_13: That's moved by Director Herber, seconded by Director Sanborn. 00:28:34.299 --> 00:28:35.299 SPEAKER_13: Directors, please vote. 00:28:38.299 --> 00:28:39.299 Unknown: The motion is approved. 00:28:39.299 --> 00:28:41.299 SPEAKER_06: Is all directors voting yes? 00:28:44.299 --> 00:28:45.299 Unknown: All right. 00:28:46.299 --> 00:28:52.299 SPEAKER_13: So at this time, we allow the public to comment on items not on the agenda but within our jurisdiction. 00:28:52.299 --> 00:28:57.299 SPEAKER_13: And I do have – I know that we have several people that have requested to speak. 00:28:57.299 --> 00:29:07.299 SPEAKER_13: So over the last few days, we've received several written comments from the public related to the proposed Twin Cities solar and battery project, 00:29:07.299 --> 00:29:10.299 SPEAKER_13: and received several requests to speak on that topic. 00:29:11.299 --> 00:29:16.299 SPEAKER_13: I'd like to thank you, members of the public, for coming here tonight to share your thoughts, 00:29:16.299 --> 00:29:20.299 SPEAKER_13: and also those who attended our public scoping meeting last week. 00:29:20.299 --> 00:29:27.299 SPEAKER_13: The project isn't on tonight's agenda, so we as the Board can engage in a discussion of the matter. 00:29:27.299 --> 00:29:34.299 SPEAKER_13: But I've asked our CEO, Paul Lau, to provide a brief statement about the status of the project 00:29:34.299 --> 00:29:37.299 SPEAKER_13: and the process for continued public support. 00:29:37.299 --> 00:29:42.299 SPEAKER_13: And following Paul's comment, you'll have an opportunity to speak. 00:29:42.299 --> 00:29:44.299 SPEAKER_13: So go ahead, Paul. 00:29:44.299 --> 00:29:46.299 Unknown: Thank you so much, President Zavio. 00:29:46.299 --> 00:29:50.299 SPEAKER_01: And really, thank you to the members of the community for being here and sharing your thoughts 00:29:50.299 --> 00:29:53.299 SPEAKER_01: and concerns about the proposed Twin Cities project with us. 00:29:53.299 --> 00:29:57.299 SPEAKER_01: Now, we're very early in the development and the ERR process for this project. 00:29:58.299 --> 00:30:01.299 SPEAKER_01: The scoping meeting was held last week. 00:30:01.299 --> 00:30:05.299 SPEAKER_01: It's a very early phase of the environmental review process. 00:30:05.299 --> 00:30:11.299 SPEAKER_01: Now, it's intended to gather public input about the type of environmental impact that can result from projects 00:30:11.299 --> 00:30:16.299 SPEAKER_01: so we can address them in detail in the ERR report. 00:30:16.299 --> 00:30:23.299 SPEAKER_01: Now, because we're very early in the development of the process, we don't have answers to everything right now. 00:30:23.299 --> 00:30:30.299 SPEAKER_01: So we really value the Heron community, and we're committed to working with you through an open and transparent process. 00:30:30.299 --> 00:30:38.299 SPEAKER_01: Now, we've extended the public comment period to October 16, 2026, to allow time for additional public meetings this fall 00:30:38.299 --> 00:30:41.299 SPEAKER_01: before the ERR impact report is drafted. 00:30:41.299 --> 00:30:47.299 SPEAKER_01: Now, our staff has reached out to those who attended last week's meeting to let them know about the additional public meetings this fall, 00:30:48.299 --> 00:30:55.299 SPEAKER_01: the extension to the public comment periods, and provide links to the project information and resources on our website. 00:30:55.299 --> 00:31:00.299 SPEAKER_01: And we'll continue to update those resources and communicate with the community throughout the process. 00:31:00.299 --> 00:31:02.299 SPEAKER_01: Again, thank you for being here tonight. 00:31:04.299 --> 00:31:05.299 SPEAKER_13: All right. 00:31:05.299 --> 00:31:13.299 SPEAKER_13: So I'm going to, as I call you up, please come to the podium and state your name for the record. 00:31:13.299 --> 00:31:18.299 SPEAKER_13: Please don't move the microphone as it's designed to pick up your voice at a distance. 00:31:18.299 --> 00:31:21.299 SPEAKER_13: Remember to direct your comments to the Board. 00:31:21.299 --> 00:31:27.299 SPEAKER_13: If you have written materials you wish to provide to the Board, please hand them to MUD Security to distribute. 00:31:27.299 --> 00:31:39.299 SPEAKER_13: And our first speaker is going to be Darlene Westfall, followed by Jacques, and please correct me on the spelling of your last name, Jacques Pichot or Payasha. 00:31:39.299 --> 00:31:41.299 SPEAKER_13: Pichot. 00:31:42.299 --> 00:31:43.299 SPEAKER_13: Okay. 00:31:43.299 --> 00:31:50.299 SPEAKER_13: And then following Jacques will be Scott Slauterbeck and Paul Weidman. 00:31:55.299 --> 00:31:56.299 SPEAKER_03: Good evening. 00:31:56.299 --> 00:31:58.299 SPEAKER_03: My name is Darlene Westfall. 00:31:58.299 --> 00:32:08.299 SPEAKER_03: I am a former resident of Clay East Road, which would border the Twin Cities Solar Project. 00:32:08.299 --> 00:32:10.299 SPEAKER_03: My husband worked for SMUD. 00:32:10.299 --> 00:32:17.299 SPEAKER_03: He's retired and deceased for substations, transmission and distribution. 00:32:19.299 --> 00:32:29.299 Unknown: This is a response to the preliminary notice of preparation of an environmental report for the Twin Cities Solar Project. 00:32:30.299 --> 00:32:52.299 Unknown: I'm responding to the NOP with background information, specific impacts to be mediated, and the need to expand the sphere of influence or impact for local residents within a 96-square-mile service radius, as noted by Harold Fire and our Coee School District boundaries. 00:32:53.299 --> 00:33:01.299 Unknown: The census in 2024 estimates the population to be 1,521 residents. 00:33:02.299 --> 00:33:19.299 Unknown: In reviewing page 14 of this draft for environmental justice, it referred to an area in the region that might increase their sensitivity level, as noted on SMUD's website, 00:33:19.299 --> 00:33:23.299 SPEAKER_03: Sustainable Communities Resources Priorities Map. 00:33:24.299 --> 00:33:29.299 Unknown: There is a color-coded key indicating levels of sensitivity for each ward. 00:33:29.299 --> 00:33:35.299 SPEAKER_03: Word 2 includes Harold, and it's identified as low sensitivity. 00:33:36.299 --> 00:33:51.299 SPEAKER_03: This map refers to metropolitan areas as high sensitivity due to socioeconomic factors that cause inequality of services in municipal areas within the region. 00:33:52.299 --> 00:34:08.300 Unknown: Since the entire region is used as a sphere of influence, providing cheap electrical energy to it, my contention is, Ward 2 has been unjustly neglected and underserved. 00:34:08.300 --> 00:34:30.300 SPEAKER_03: Harold has no municipal resources such as public transportation, flood protection, a full-service fire department, and when we had Rancho Seco nuclear plant, we did have a fire department fully staffed on site. 00:34:31.300 --> 00:34:42.300 SPEAKER_03: Police, road improvements, access to funding such services as a full-service fire department, not a volunteer fire department. 00:34:42.300 --> 00:35:00.300 SPEAKER_03: Nor is the funding of our one rural school district receives funding from municipal sources. 00:35:00.300 --> 00:35:08.300 SPEAKER_03: Ms. Westfall, your three minutes are up, but if you want to take another 30 seconds, just go to finish. 00:35:09.300 --> 00:35:26.300 SPEAKER_13: At this juncture in planning for the future, SMUD, Sacramento County, and business partnerships are what's needed to improve infrastructure and provide equitable community access to resources enjoyed by the rest of the region. 00:35:27.300 --> 00:35:32.300 SPEAKER_03: It's time for SMUD to recognize the vital role this community plays in powering the future. 00:35:33.300 --> 00:35:40.300 Unknown: I look forward to promoting the mediation of these impacts on our neighbors and the community. Thank you. 00:35:41.300 --> 00:35:43.300 Unknown: Thank you very much. 00:35:45.300 --> 00:35:47.300 Unknown: Jacques Piché. 00:35:48.300 --> 00:35:49.300 SPEAKER_13: Did I get it right that time? 00:35:50.300 --> 00:35:51.300 Unknown: Piché. 00:35:52.300 --> 00:35:53.300 SPEAKER_10: Yeah, my name's Jacques Piché. 00:35:53.300 --> 00:35:59.300 SPEAKER_10: I'd like to start off before I begin, I'd like to apologize to the board. I'm not very comfortable speaking in the public. 00:36:00.300 --> 00:36:08.300 SPEAKER_10: So I'm going to read an email I sent to someone asking me what were my major issues opposing the Twin Cities solar and battery storage project. 00:36:09.300 --> 00:36:11.300 SPEAKER_10: This was written yesterday morning. Things have changed. 00:36:12.300 --> 00:36:17.300 Unknown: I'm not sure how familiar you are with the project or if you've had an opportunity to read SMUD's NOP. 00:36:18.300 --> 00:36:25.300 SPEAKER_10: I've been extremely busy working on informing the community of the scoping meeting, what an NOP is, and the EIR process in general. 00:36:26.300 --> 00:36:39.300 SPEAKER_10: SMUD had only notified people living within 1,000 feet, granted per CEQA about 25 people of the intended scoping meeting, not the hundreds of people living along and south of Clay East Road that are now outraged. 00:36:40.300 --> 00:36:46.300 Unknown: The whole process, or the whole proposal and process so far has been a life-changing train wreck for this area. 00:36:47.300 --> 00:36:52.300 SPEAKER_10: It started by being blindsided with the NOP and less than two weeks' notice of the scoping meeting. 00:36:53.300 --> 00:37:01.300 SPEAKER_10: This meeting was a farce. SMUD had no verbal presentation prepared, only cardboard explanations, and no intention of allowing public comments. 00:37:02.300 --> 00:37:11.300 SPEAKER_10: They requested we speak one-on-one with the representatives. This was not acceptable to the standing room-only crowd that demanded proper protocol for a public meeting. 00:37:12.300 --> 00:37:19.300 SPEAKER_10: SMUD then allowed public comments but had no recording or anybody taking any minutes to document the questions and concerns. 00:37:20.300 --> 00:37:37.300 Unknown: The major concerns were glaring solar panels. I estimated 860,000 more than 2.5 square miles of photovitalic panels all facing south into our community. 00:37:38.300 --> 00:37:48.300 Unknown: Traffic issues, traffic safety, noise, no emergency planning regarding lithium-iron battery storage, our volunteer fire department, homeowner fire insurance, 00:37:49.300 --> 00:38:00.300 SPEAKER_10: property values, our right to live in a rural lifestyle, our viewscape, our nightscape, complete overburden of land and suffering of this community we have endured. 00:38:01.300 --> 00:38:09.300 SPEAKER_10: Decades of Rancho Seco nuclear power plant saga, solar one and three modifications that consumed this power plant. 00:38:09.300 --> 00:38:24.300 SPEAKER_10: Storage of spent fuel radioactive rods in our neighborhood, high pressure gas pipeline along Clay East Road, and currently 500,000 photovitalic panels in Solar 2 Project facing our community. 00:38:25.300 --> 00:38:29.300 SPEAKER_10: And now SMUD wants to take away the beauty of our community for the benefit of the greater good. 00:38:30.300 --> 00:38:36.300 Unknown: SMUD needs to also quit shoving the argument down our throat that it has to be built here due to existing infrastructure. 00:38:36.300 --> 00:38:46.300 SPEAKER_10: And my to believe SMUD anticipated an exponential increase of power production when Rancho Seco was built and has all this unused, outdated equipment waiting. 00:38:47.300 --> 00:38:59.300 Unknown: I'm sorry for going on and on. I personally lived on Clay East Road for nearly 30 years and I have now retired and have no desire to move. I could not live here if this project moves forward. 00:39:00.300 --> 00:39:08.300 Unknown: A number of us are going to request to speak at tomorrow's board meeting just to put a face to our protest. I am almost done. 00:39:09.300 --> 00:39:17.300 SPEAKER_10: We are also diligently writing responses to the NOP hoping to get an answer on alternative sites. None were given at the scoping meeting. 00:39:18.300 --> 00:39:27.300 SPEAKER_10: And address all the concerns in the draft EIR. We have until June 26th. Once again, I'm sorry for the lengthy narrative, but it truly is a life-changing event. 00:39:28.300 --> 00:39:30.300 SPEAKER_10: Any advice or comments would be greatly appreciated. 00:39:31.300 --> 00:39:32.300 SPEAKER_10: Thank you. 00:39:33.300 --> 00:39:38.300 SPEAKER_13: Thank you, sir. All right. Our next speaker is Scott Slatterbeck. 00:39:43.300 --> 00:39:55.300 Unknown: Yes, hello. My name is Scott Slatterbeck. I wanted to talk today about carbon capture and carbon sequestration, 00:39:56.300 --> 00:40:08.300 SPEAKER_14: which is mentioned in your clean energy goals for 2030 and beyond. This is another matter, I think, that SMUD needs to reevaluate in the future. 00:40:09.300 --> 00:40:29.300 SPEAKER_14: As we all know, the level of carbon dioxide in the atmosphere has led to climate change, and this is an admirable goal for SMUD to engage in lowering the amount of carbon that the district emits into the atmosphere. 00:40:30.300 --> 00:40:46.300 SPEAKER_14: But I don't think that carbon capture and sequestration is really the way to go. I don't think it's adequate. For example, we have gas turbine that is right now generating electricity for SMUD customers. 00:40:46.300 --> 00:41:02.300 SPEAKER_14: That obviously is a fossil fuel that obviously emits carbon into the atmosphere. So you're putting yourself in a bad position when you are looking for having a carbon neutral outlook. 00:41:03.300 --> 00:41:12.300 Unknown: I think we ought to move beyond carbon neutral and go into carbon negativity, for lack of a better term. 00:41:13.300 --> 00:41:27.300 SPEAKER_14: There are technologies now coming that utilize atmospheric CO2 to generate the production of fuels and other industrial products. 00:41:27.300 --> 00:41:56.300 SPEAKER_14: This is a rapidly maturing industry. Technology is growing fantastically, and I think that SMUD ought to explore getting some grants to capture atmospheric CO2 and utilize it rather than just trying to capture it and then bury it in the ground where it probably will escape to the environment eventually anyway. 00:41:57.300 --> 00:42:25.300 SPEAKER_14: We're doing a little bit of research. Methane and methanol are products that are readily available using atmospheric CO2. Methanol can be used either as M85 petroleum fuel or as a fuel itself. Right now, methanol is costing between $3 and $6 a gallon, which 20 years ago seemed like a lot of money. 00:42:25.300 --> 00:42:45.300 SPEAKER_14: But right now, it doesn't seem that bad at all. And I think that SMUD needs to be looking at not just taking CO2 out of industrial processes and its own gas turbines and burying it, but getting something useful out of it. Thank you. 00:42:46.300 --> 00:42:53.300 Unknown: Thank you very much, Mr. Slatterbeck. Our next speaker is Paul Wideman. 00:42:55.300 --> 00:43:05.300 Unknown: Hi, I'm Paul Wideman. I live in Harold. My daughter and son-in-law moved out there in 2020, and my wife and I followed in 2021. I'm a retired engineer. 00:43:06.300 --> 00:43:14.300 SPEAKER_11: We live less than half a mile from where this project is going to be. We got no notification. If my wife wasn't active on Facebook, we'd have no clue. 00:43:15.300 --> 00:43:28.300 SPEAKER_11: So I think the communication process needs work. Reading your 2030 plan, I've started to dig into the 63 pages of it. I see that there were seven informational meetings with stakeholders. 00:43:29.300 --> 00:43:43.300 SPEAKER_11: I don't think anyone out in Harold back at the time in January of 2020 was contacted. And you're going to put something in our backyard. I think that it's really important to get our input. Let us know. 00:43:44.300 --> 00:43:54.300 Unknown: There's an awful lot more opportunity for discussion, planning, and incorporation of good ideas if you get the input early. And I think that's just a shame. 00:43:55.300 --> 00:44:12.300 Unknown: I'm very concerned about we're creating a heat island out there that possibly there's additional fire hazards, and there's no money to provide our firefighters, our volunteer firefighting force, with any additional equipment needed. 00:44:13.300 --> 00:44:20.300 SPEAKER_11: This is going to probably impact our property values considerably, and not just the people of the Long Clay East. It'll ripple out there. 00:44:21.300 --> 00:44:29.300 SPEAKER_11: Also, we're very concerned. I heard one of the directors mention about our bond ratings, how we had this negative rating because of fire. 00:44:30.300 --> 00:44:43.300 Unknown: Well, we live in a fire hazard area, and we're very concerned about our insurance rates. If we have to go on the state plan, that's going to quadruple our insurance costs. So we're very concerned about things like that. 00:44:44.300 --> 00:44:55.300 SPEAKER_11: Also, I'd be very interested in seeing requirements. I said I'm a retired engineer. I've done 11 years of program management, 6 years of engineering management up to director level. 00:44:56.300 --> 00:45:08.300 SPEAKER_11: So when I asked some of the SMUD personnel requirements, what are those? I mean, you had 275 megawatts and battery backed. Got a lot of questions about that. 00:45:08.300 --> 00:45:20.300 SPEAKER_11: Where are those? If you were going to give a statement of work to someone and say, we'd like you to consider bidding on this project long term. There's a process here, and I'm not familiar with SMUD's process. 00:45:21.300 --> 00:45:30.300 SPEAKER_11: I'd like to learn a little bit more about it, but you have to have a set of requirements to give them beyond. Well, we want some solar and some batteries and 275 megawatts. 00:45:31.300 --> 00:45:46.300 Unknown: Can I get that, please? Be very interested. And I'd just like to echo a lot of what Jacques had to say. I just, you know, give that a big harrumpf. Thank you, sir. And thank you all for your time. 00:45:50.300 --> 00:45:54.300 SPEAKER_13: Chief legal officer, do we have any requests to speak online? 00:45:55.300 --> 00:45:59.300 Unknown: Yes, we do have one hand raised from Mark. 00:46:08.300 --> 00:46:11.300 SPEAKER_09: Good evening, SMUD board. This is Mark Graham. Can you hear me? 00:46:12.300 --> 00:46:13.300 Unknown: Yes. 00:46:14.300 --> 00:46:25.300 Unknown: Excellent. Well, thank you for the opportunity to speak. You know, I didn't really know anything about this solar project until I heard about it just now in the public comments, but. 00:46:26.300 --> 00:46:42.300 Unknown: And I don't know about the ins and outs of the project, but it really sounds like SMUD has fallen short in the public outreach process, both the notice to the community and that scoping meeting where at first you weren't even going to allow any public comments because you told the attendees to speak one on one with SMUD staff, and then you finally allowed to speak. 00:46:43.300 --> 00:46:55.300 SPEAKER_09: And I don't know about public comments, but then recorded. You can do better and you know it and please do. All right. I want to talk to you about H.R. 2289, the American Broadband Deployment Act of 2025. 00:46:56.300 --> 00:47:01.300 SPEAKER_09: I sent you an email about this on Wednesday, June 10th, and hopefully you were, you each received it. 00:47:01.300 --> 00:47:20.300 SPEAKER_09: Long story short, the telecommunications lobby is trying to, through their friends and allies in Congress, trying to pass through a bill that would be an enormous power grab, and they're taking the regulatory authority away from public power and away from local and state government over what happens on their property. 00:47:20.300 --> 00:47:32.300 SPEAKER_09: So, and then one of the letters I attached was from the U.S. Conference of Mayors. It's a joint letter, National League of Cities, National Association of Counties, and NTOA, which is telecommunications officers. 00:47:32.300 --> 00:47:38.300 SPEAKER_09: Anyway, and I hope you read it. They're strongly opposed. So I asked SMUD to oppose this legislation. 00:47:39.300 --> 00:47:55.300 Unknown: Now, Ms. Lewis replied, your counsel and legislative affairs director, and the gist of her reply was, well, thank you for bringing this up to our attention. We've been monitoring this bill and we share the goal of having broadband for everybody. 00:47:55.300 --> 00:48:04.300 SPEAKER_09: But, and what Ms. Lewis said is that there was an exemption that was written into the bill for public power. All right. Two things about that. 00:48:05.300 --> 00:48:13.300 SPEAKER_09: I looked for that exemption. It's in supposedly in section 102 and I could not find it. And so I would ask the board, please, to follow up on this. 00:48:14.300 --> 00:48:21.300 SPEAKER_09: Probably Ms. Lewis is going to follow up on this anyway, but, you know, just got her hands full. And I just, we just had this discussion by email in the last couple of days. 00:48:22.300 --> 00:48:33.300 SPEAKER_09: I don't think that there's been an exemption added to this bill. And as such, here's what it would do. SMUD and all of its employees, you wouldn't be working for the telecommunications companies, but you'd be working under them. 00:48:34.300 --> 00:48:47.300 SPEAKER_09: And if they wanted to stick a cell antenna on your poles and your equipment, they could do it. They could give you a short arbitrary time to review their application, even if it wasn't enough time because they submitted 40 applications on the same day. 00:48:48.300 --> 00:48:57.300 SPEAKER_09: It would be deemed approved if you couldn't finish reviewing it in the adequate amount of time. And as Ms. Lewis noted, that could create safety hazards. 00:48:57.300 --> 00:49:11.300 SPEAKER_09: All right. The second proposal is just too long to get into, but I think that there should be times when you support, when you oppose legislation, because it's detrimental to local government, even if it's not directly detrimental to SMUD. 00:49:12.300 --> 00:49:17.300 SPEAKER_09: And I'm recommending that you adopt a new strategic direction to accomplish that. Thank you very much. 00:49:17.300 --> 00:49:46.300 SPEAKER_09: Thank you, Mr. Graham. Our next speaker will be Paula Selby. And before you start, I just wanted to just mention to Mr. Graham that we've had a long-standing opposition to taking control of our lines and just ceding authority to put telecommunications in place. 00:49:47.300 --> 00:50:01.300 SPEAKER_13: And we're going to be doing some work on our facilities and just bypassing all our safety reviews. So it's a long-standing policy, and it's actually very consistent with what you're asking for. 00:50:02.300 --> 00:50:05.300 SPEAKER_13: Thank you very much. Thank you for your patience, Ms. Selby. 00:50:06.300 --> 00:50:19.300 Unknown: My name is Paula Selby, and I've been a resident of the Harold Wilton area for about 23 years. In fact, I had Mr. Pichai's kids in my class, as I worked at our Coee school. 00:50:20.300 --> 00:50:32.300 SPEAKER_05: So I understand our community. And I just want to put a human face on this for you, because you guys sit there in your chairs, and I don't even know if you've ever even been out to our community. 00:50:33.300 --> 00:50:47.300 SPEAKER_05: Have you taken a drive down Twin Cities Road? Have you driven our streets, well, the potholes out there, to understand our community? Because this is going to have a huge impact on us. 00:50:48.300 --> 00:50:58.300 Unknown: I can tell you, if you had attended that meeting last week, that nobody wants this out there. And it seems like this project just is like moving along. 00:50:59.300 --> 00:51:12.300 SPEAKER_05: And I know there's an environmental impact review, and there's all these things. And to me, that's out there. Because what you need to understand is how you're impacting individual lives. 00:51:12.300 --> 00:51:26.300 SPEAKER_05: And you know what? Sometimes the great are good. That's not worth it to us. We've invested a lot of money in our homes out there, in our way of life out there, and plop this solar project out there, and pretty much destroy that for us. 00:51:27.300 --> 00:51:33.300 Unknown: And the affordability for fire insurance. And how our kids grow up in our area out there. 00:51:34.300 --> 00:51:44.300 Unknown: And I just feel like you don't really get it. I'm just watching this project march on down the road, and it's like, well, have you guys... They didn't want our feedback last week. 00:51:45.300 --> 00:51:59.300 SPEAKER_05: And in spite of our feedback, it just feels like, well, this is going to happen. I mean, a carbon neutral goal for 2030 is admirable, but you're balancing it on the backs of the residents of Harold. 00:52:00.300 --> 00:52:11.300 Unknown: It's going to power 70,000 homes. Well, and that energy goes into the grid. What percentage of homes is that by that solar farm out there? 00:52:12.300 --> 00:52:24.300 SPEAKER_05: It's probably .00 something for the state of California, and you're balancing on the backs of people's property values, their way of life, our roads, our insurance. 00:52:25.300 --> 00:52:38.300 Unknown: If you would hear the voices of our community, you would know that this is not a good thing for us, for our community out there. This is heartbreaking for us. 00:52:39.300 --> 00:52:49.300 Unknown: And I listen to everybody here, and it's like, well, we need this power, and we need to be carbon neutral, and we need to do all this. 00:52:50.300 --> 00:53:02.300 SPEAKER_05: But you're balancing on the backs of the residents of Harold. On us, on our children, on some of us who have our grandchildren living on our properties out there, it's going to affect all of us. 00:53:03.300 --> 00:53:14.300 SPEAKER_05: And you know what those people who get that power? They don't know what the cost is to those of us living in the community of Harold, and I would like you to think about something. 00:53:15.300 --> 00:53:29.300 SPEAKER_05: If your home was within 1,000 feet of this project, how would you feel? Does that guarantee you wouldn't be able to sit back there and go, oh, yeah, but this is a really great thing for the state of California? 00:53:29.300 --> 00:53:35.300 SPEAKER_05: No, you'd be on this side saying, we don't want this in our community. 00:53:35.300 --> 00:53:36.300 SPEAKER_05: Ms. Shelby, I'm going to ask you to- 00:53:36.300 --> 00:53:39.300 SPEAKER_05: Just hope that you hear us. Thank you. 00:53:39.300 --> 00:53:58.300 SPEAKER_05: Thank you for your comments. I just wanted to reiterate that as our CEO mentioned, we're just at the very beginning of the process to gather information such as you shared with us tonight to consider how this might be. 00:53:59.300 --> 00:54:09.300 SPEAKER_13: And we haven't moved forward, so very early in the process, we've extended the time for commenting on it and for gathering information about the impacts of this project. 00:54:09.300 --> 00:54:19.300 SPEAKER_13: But thank you very much for taking the time to come here and to share your information and your thoughts and your perspective. 00:54:20.300 --> 00:54:33.300 SPEAKER_13: I will share that a number of board members do plan to come out there and look around, as you suggested, and see what the community is and see the setting for this. 00:54:35.300 --> 00:54:40.300 SPEAKER_13: And I would imagine most of us will get out there in the next few months. 00:54:41.300 --> 00:54:48.300 SPEAKER_13: But anyway, thank you very much for coming tonight. I appreciate your patience. Did you have something? 00:54:48.300 --> 00:54:59.300 SPEAKER_06: Just on the virtual public comment, we did have a hand raised by LaCharles James. It's no longer raised, but I just wanted to make sure that there was not one more virtual comment online. 00:54:59.300 --> 00:55:11.300 SPEAKER_06: So I just want to give a minute for LaCharles to speak if he's intense to now. I see he's not even- Oh, there he is. Okay. His hand's raised now. 00:55:12.300 --> 00:55:29.300 Unknown: Hello, everybody. My name's LaCharles James. I'm the president of the Herald Fire Prevention Council. I noticed the reason why I took my hand down is that the comment I had was a comment about something you had on the agenda regarding LIDAR. 00:55:30.300 --> 00:55:45.300 SPEAKER_02: We had been looking for a LIDAR study of Herald for a long time, and I just saw it on your agenda, and I wanted to ask you, would it be possible to include Herald on that LIDAR study? 00:55:46.300 --> 00:56:03.300 Unknown: The reason why I'm asking is that we only have old maps of fuel zones, and we'd really like to know where the excess fuel is other than what we can see from the road and old maps. 00:56:04.300 --> 00:56:30.300 SPEAKER_02: I've done several grants to get some money for fuel reduction, and we have the CCC coming to our community July 1st, our first target as the Sears to remove the fuel loads on their properties. 00:56:30.300 --> 00:56:49.300 SPEAKER_02: So the LIDAR would give us a real good feel of the resources we need to bring to bear to reduce that danger zone. Thank you so much for letting me speak. 00:56:54.300 --> 00:56:56.300 SPEAKER_13: Do we have any other requests to speak? 00:56:56.300 --> 00:56:57.300 SPEAKER_13: No, I don't see any more hands. 00:56:57.300 --> 00:57:08.300 SPEAKER_06: All right. Well, thank you very much. That concludes our public comment for items not on the agenda, and we'll move on to our Director's Report. 00:57:09.300 --> 00:57:24.300 SPEAKER_13: We provide directors an opportunity to report on their activity on behalf of SMUD, and we'll begin with a report from Director Rose in Ward 1 and continue in ward order with the President's report as the final item. Director Rose. 00:57:28.300 --> 00:57:41.300 Unknown: Yeah, thank you, President Tamayo. Let me run through a few things. I do want to thank everybody for coming out tonight and sharing your thoughts with us, even though it's not on the agenda, so we won't discuss this in detail. 00:57:42.300 --> 00:57:50.300 SPEAKER_12: A couple of really sort of interesting events. We have the Orange Valley Fair Oaks Community Foundation and the Day of Service. 00:57:51.300 --> 00:58:02.300 SPEAKER_12: So we ran out there to the Orange Valley Community Center, and we planted a bunch of trees with the SMUD staff, and we laid an enormous quantity of mulch all over the community center. 00:58:03.300 --> 00:58:09.300 SPEAKER_12: So that was a lot of fun. I want to thank the staff for coming out and volunteering their Saturday for that. 00:58:10.300 --> 00:58:20.300 SPEAKER_12: I had an opportunity to get to SMUD for our MURG, our Military Employees Resource Group, and their Memorial Day presentation. 00:58:21.300 --> 00:58:32.300 SPEAKER_12: Some of our veterans had some very touching and moving words about their experiences, and I wanted to thank them for sharing those stories. 00:58:33.300 --> 00:58:39.300 SPEAKER_12: They were intense, but I think they're very important to make sure that those stories are told. So thank you for that. 00:58:40.300 --> 00:58:49.300 SPEAKER_12: And other things, I thought by the elected officials' reception for the Slavic Chamber of Commerce as well. 00:58:50.300 --> 00:59:10.300 Unknown: I also got to the Telugu Association of Greater Sacramento. We had the full SMUD crew, a couple dozen people, come out with all of our different programs and talking about rebates and ways people can save money. 00:59:11.300 --> 00:59:13.300 SPEAKER_12: That was a lovely evening. 00:59:14.300 --> 00:59:21.300 SPEAKER_12: And then the other thing I was able to get out to in the last month or so was the Connectus Economic Development Summit. 00:59:22.300 --> 00:59:38.300 SPEAKER_12: This has grown out of our Business Advisory Council over the years. So it was out in Citrus Heights, and they focused on the Sunrise Tomorrow Project, which is this comprehensive plan to redevelop the Sunrise Mall space. 00:59:39.300 --> 00:59:45.300 SPEAKER_12: And so we had a whole bunch of really interesting speakers talking about what's going on and where that vision is headed to. 00:59:46.300 --> 00:59:51.300 SPEAKER_12: So I'm glad SMUD has continued to work closely and partner with them and see that vision move forward as well. 00:59:52.300 --> 01:00:01.300 SPEAKER_12: And then I think just to wrap up, I got out to our safety fair up at Fresh Pond over the weekend. It was sort of a mini-open house. 01:00:02.300 --> 01:00:15.300 SPEAKER_12: And that was sort of exciting. They brought the helicopter out, they used the survey, the lines, got the seed, the machine shop, and talked with some of our staff, got a full review of some of the telecom services. 01:00:16.300 --> 01:00:24.300 SPEAKER_12: I said we see these in the budget, we read them in the operations report, but it's fun to actually come out and see and talk to the actual staff working on this stuff day to day. 01:00:25.300 --> 01:00:28.300 SPEAKER_12: And so with that, that is my report. I'll turn it over. 01:00:29.300 --> 01:00:30.300 SPEAKER_12: Thank you. 01:00:31.300 --> 01:00:41.300 Unknown: Thank you. I spoke at several Galt City events. I had the opportunity to introduce the mayor at the State of the City luncheon. 01:00:42.300 --> 01:00:55.300 SPEAKER_18: I also attended their Galt Chamber of Commerce Awards night to see some great local leaders, and the community Galt is a very active, yet mighty, it's a small community, but they have a lot of very active business leaders. 01:00:55.300 --> 01:01:01.300 SPEAKER_18: It was nice to see them get recognized for all their hard work making Galt the great place that it is. 01:01:02.300 --> 01:01:17.300 SPEAKER_18: I also had the opportunity to attend the Los Rios College Foundation to say goodbye, and thank you to Brian, who's been a long leader, I think over 20 years there in the district. 01:01:18.300 --> 01:01:22.300 SPEAKER_18: It was good to see many years of service to Los Rios and our community. 01:01:23.300 --> 01:01:28.300 SPEAKER_18: And then last, many of us attended the SMUD Recognition Gala. It's one of my favorite events of the year. 01:01:29.300 --> 01:01:32.300 SPEAKER_18: I spend time, I try to go to most of the tables around to say thank you. 01:01:33.300 --> 01:01:44.300 SPEAKER_18: It's amazing to see people that have the range of five years to 44 years as their CO, and still the excitement is there till the very end. 01:01:45.300 --> 01:01:50.300 SPEAKER_18: So thank you to all our employees who make this organization as great as it is. 01:01:53.300 --> 01:02:01.300 Unknown: I think it's my turn. I also wanted to address the people who have come to address the board tonight. Thank you. It's not easy. 01:02:02.300 --> 01:02:09.300 SPEAKER_08: It's not close to where you live. We appreciate your comments. You're early in the process. I have been out in your community. 01:02:10.300 --> 01:02:16.300 SPEAKER_08: I grew up in a rural area, not very different from where you are, so I think I get it a little bit. 01:02:17.300 --> 01:02:19.300 SPEAKER_08: And just thank you for coming. 01:02:20.300 --> 01:02:31.300 Unknown: A couple of events that I've been at recently. I got to say a few words at an event celebrating our first solar and battery installation at a nonprofit. 01:02:32.300 --> 01:02:40.300 SPEAKER_08: And it was installed at a school, a very special school called the Children's Choice for Hearing and Talking, the chat center. 01:02:41.300 --> 01:02:48.300 SPEAKER_08: And this is a school that helps children who are hearing impaired or deaf, but that have either cochlear implants or hearing aids. 01:02:49.300 --> 01:02:57.300 Unknown: And they're children that actually need to learn how to use these devices and communicate with them. In many cases, it's the first time they've been able to hear. 01:02:58.300 --> 01:03:07.300 SPEAKER_08: And so for somebody to put a solar system and battery storage system at that site helps the nonprofit save a little bit of money. 01:03:08.300 --> 01:03:11.300 SPEAKER_08: And it was just really inspirational to see the work that they're doing there. 01:03:12.300 --> 01:03:18.300 SPEAKER_08: I also went to the celebration for Brian King, the Legacy of Hope celebration, and what a remarkable career. 01:03:19.300 --> 01:03:24.300 SPEAKER_08: Congratulations to Brian as he retires from the Los Rios colleges as the chancellor. 01:03:25.300 --> 01:03:32.300 SPEAKER_08: I got to also say a few words and participate in another key ceremony for Habitat for Humanity. 01:03:33.300 --> 01:03:38.300 SPEAKER_08: This was in Citrus Heights, and I filled in for Director Rose, who was unavailable for some reason. 01:03:39.300 --> 01:03:45.300 SPEAKER_08: What a great event. This was the first eight homes that they're dedicating on Sayonara Drive in Citrus Heights. 01:03:46.300 --> 01:03:53.300 SPEAKER_08: 26 total will be built there. Of course, Habitat requires 500 hours of sweat equity from each of these families. 01:03:54.300 --> 01:03:58.300 SPEAKER_08: Only the first eight were immigrant families, and they've just poured their heart and soul into these homes. 01:03:59.300 --> 01:04:06.300 SPEAKER_08: I've done a few of these, and it always just gets you. It's really a special thing. 01:04:07.300 --> 01:04:13.300 SPEAKER_08: Smud Recognition Gala was also great. And again, congratulations to all the employees who were recognized there. 01:04:14.300 --> 01:04:19.300 SPEAKER_08: And then finally, last Saturday I attended the American Cancer Society Cultivate event. 01:04:19.300 --> 01:04:26.300 SPEAKER_08: It's a culinary campaign to end cancer, and some of the best chefs in town were there providing food samples, 01:04:27.300 --> 01:04:35.300 SPEAKER_08: but it's also the American Cancer Society fundraiser, so they can provide additional funds to families that have somebody who's suffering from cancer. 01:04:36.300 --> 01:04:40.300 SPEAKER_08: Maybe they need additional treatment. Maybe they need places to stay. Maybe they need travel assistance. 01:04:41.300 --> 01:04:45.300 SPEAKER_08: And so to help raise a bunch of money for that was a great night. 01:04:45.300 --> 01:04:55.300 SPEAKER_08: And they're also very definitely linking food to cancer, and saying if we eat healthy, we can reduce the instances of cancer. 01:04:56.300 --> 01:05:02.300 SPEAKER_08: And so it's kind of this full circle look at how to beat cancer, and it was a nice event. That's all I got. 01:05:02.300 --> 01:05:21.300 SPEAKER_08: Okay, I think I'm next. Several things. One is we had a really great Smud Recognition Gala. 01:05:21.300 --> 01:05:30.300 SPEAKER_04: I loved going from table to table and seeing old friends who are now old as me, and they're retiring. 01:05:31.300 --> 01:05:47.300 SPEAKER_04: It just blows me away. We also had great entertainment, and it's very inspiring to see the folks who are retiring in their years at Smud, 01:05:47.300 --> 01:06:02.300 SPEAKER_04: and the executives up on the stage who know them so well. It really makes you feel good about the fact that Smud cares about its employees, 01:06:03.300 --> 01:06:06.300 SPEAKER_04: and Smud employees love to work here. 01:06:07.300 --> 01:06:22.300 SPEAKER_04: Also had the opportunity to be the Grand Marshal at the Sacramento LGBTQ Center's Pride March, and that was amazing. There were so many people there. 01:06:23.300 --> 01:06:32.300 SPEAKER_04: And I got to ride in this cute little white convertible, which even was a boat. You could drive it into the water. 01:06:33.300 --> 01:06:46.300 SPEAKER_04: So the car got a lot of attention, let me tell you. People were asking all about it, and I just want to thank David Heitzerman for the opportunity to be the Grand Marshal. 01:06:47.300 --> 01:06:58.300 SPEAKER_04: Also attended a workshop with the American Leadership Forum on Artificial Intelligence, and it was really interesting. 01:06:59.300 --> 01:07:09.300 SPEAKER_04: Two experts there giving the presentation asked all of us, how many of you out there believe that AI is going to destroy the world? 01:07:10.300 --> 01:07:15.300 Unknown: And give us a percentage, you know, 100%, you think it, 50, whatever. 01:07:16.300 --> 01:07:31.300 SPEAKER_04: And most of the people who attended the workshop thought that it'd be 50% or more, and our instructors then proceeded to talk about AI and give us more insight, 01:07:32.300 --> 01:07:40.300 SPEAKER_04: and they both believe that, you know, it's less than 10% that AI is going to destroy the world. 01:07:41.300 --> 01:07:50.300 SPEAKER_04: So it just opened my eyes to the fact that, you know, these tools are available to help all of us be smarter. 01:07:51.300 --> 01:08:02.300 SPEAKER_04: There do need to be controls on AI, but I'm much more excited about what it might be able to do for us in the future. 01:08:03.300 --> 01:08:18.300 SPEAKER_04: Also went to the Earth Day Art Competition reception, where a lot of young people, they drew pictures to celebrate the Earth and to conserve energy, 01:08:19.300 --> 01:08:29.300 SPEAKER_04: and it was just inspiring, you know, young people who care about our planet and who want to make a difference. 01:08:30.300 --> 01:08:31.300 SPEAKER_04: It was just very touching. 01:08:32.300 --> 01:08:47.300 SPEAKER_04: And then last but not least, I met with a woman named Maria Medrano, who has developed an app that helps young people figure out what they need to do in order to go. 01:08:48.300 --> 01:09:00.300 SPEAKER_04: She's a very good person to go through different schooling programs, and she is very excited about this and is starting to use it in different places. 01:09:01.300 --> 01:09:14.300 SPEAKER_04: And I found it really helpful to look at real concrete data that will help students know what they have to do. 01:09:14.300 --> 01:09:23.300 SPEAKER_04: And one of them is, you know, if you want to be an electrician or a line person, these are the things you need to do. 01:09:24.300 --> 01:09:30.300 SPEAKER_04: So I'm glad that that's out there, and I hope that it brings us more line people. 01:09:31.300 --> 01:09:35.300 SPEAKER_04: And with that, that's the end of my report. 01:09:36.300 --> 01:09:48.300 Unknown: Thanks. I'm up next to Rob Kurth from Ward 5. And I just have one event I would like to talk about. It was a very busy month, but there's just one key event which I look forward to every year. 01:09:49.300 --> 01:09:53.300 SPEAKER_17: And I want to encourage people to pay attention to this, and that is the State Fair. 01:09:54.300 --> 01:10:05.300 SPEAKER_17: I was able to join the multiple chambers of commerce who have a State Fair preview day to hear all the great things that are going on. 01:10:06.300 --> 01:10:11.300 SPEAKER_17: They're, of course, always making changes. And I believe we have a SMUD day at the State Fair almost every year. 01:10:12.300 --> 01:10:14.300 SPEAKER_17: I haven't seen it on the calendar yet, but I assume it's there, too. 01:10:15.300 --> 01:10:24.300 SPEAKER_17: And so if the event with the chambers is any indication, they had to turn people away from the door because they had too many folks attending. 01:10:25.300 --> 01:10:28.300 SPEAKER_17: So I look forward to the State Fair again this year. And with that, thanks. 01:10:32.300 --> 01:10:38.300 Unknown: Thank you. I do want to start off by thanking the people of Harold that came and spoke today, and I will be going down to see the site for myself. 01:10:39.300 --> 01:10:45.300 SPEAKER_20: And I do appreciate all your comments, and just because I'm going to talk about things that are joyful, I know that I felt your stress, so I just want you to know that. 01:10:46.300 --> 01:10:54.300 Unknown: And then to Director Herber, if there's a 10 percent chance that AI is going to take over the world, I'm now more concerned than ever. 01:10:55.300 --> 01:10:59.300 Unknown: I don't know what happened there, but now that's – I'll talk to you about that later. 01:11:00.300 --> 01:11:04.300 SPEAKER_20: So the Kiwanis Club of Carmichael, I was excited to go to the Taste of Carmichael. 01:11:04.300 --> 01:11:10.300 SPEAKER_20: We have a wonderful center called the Milagra Center, and we have just this amazing group of food. 01:11:11.300 --> 01:11:16.300 SPEAKER_20: It's like a food court in a building, and it's just beautiful if you haven't been there. It's at the corner of El Camino and Fair Oaks. 01:11:17.300 --> 01:11:20.300 SPEAKER_20: And they had a sampling of food from there and other places in Carmichael. 01:11:21.300 --> 01:11:33.300 SPEAKER_20: But I just want to thank the – if you haven't been to GB Gelato, the gentleman is actually from Europe, and he hand-makes this gelato that's sourced from local farmers, and it's absolutely incredible, different flavors. 01:11:34.300 --> 01:11:36.300 SPEAKER_20: Apricot was my favorite. 01:11:37.300 --> 01:11:41.300 SPEAKER_20: Rayleigh's, I Love Pie, Saratela's River City Brewing, Taiko Sushi. 01:11:42.300 --> 01:11:44.300 SPEAKER_20: It's incredible if you get to go and enjoy it. 01:11:45.300 --> 01:11:49.300 SPEAKER_20: The Rechargeree. I did go to see the Rechargeree, a brand new charging center. 01:11:50.300 --> 01:11:57.300 SPEAKER_20: It's called Iona, and it's right at 7775 Stockton Boulevard, right off of Highway 5. 01:11:58.300 --> 01:12:05.300 SPEAKER_20: They're all level 3 chargers, and I've been saying for years, we need to make charging just like it is for fueling a car with gas. 01:12:06.300 --> 01:12:09.300 SPEAKER_20: It has to be convenient. There have to be restrooms. There have to be amenities. 01:12:10.300 --> 01:12:12.300 SPEAKER_20: We have to make it nice for people and feel for myself. 01:12:13.300 --> 01:12:17.300 Unknown: I don't feel safe alone in a parking lot in the middle of nowhere in the night in a charging station. 01:12:18.300 --> 01:12:26.300 SPEAKER_20: So I was thrilled to see this right by Coffee Shop and some stores, and they're very cool, retro-looking, and it's started by eight automakers. 01:12:27.300 --> 01:12:33.300 SPEAKER_20: You'll see them all over the country now, and they're kind of this cool retro orange and teal. 01:12:34.300 --> 01:12:40.300 SPEAKER_20: BMW, GM, Honda, Hyundai, Kai, Mercedes, Toyota, and Stellaris. 01:12:41.300 --> 01:12:43.300 SPEAKER_20: They're all working together, and they're putting them all over the country. 01:12:44.300 --> 01:12:54.300 SPEAKER_20: This is the first in our county, but I'm hoping to see a lot more of these and thank them for what they did to install that charging center down off Stockton Boulevard. 01:12:55.300 --> 01:13:00.300 Unknown: Then I went to 916, Inc., their annual extravaganza fundraiser. 01:13:01.300 --> 01:13:13.300 SPEAKER_20: I did not know what they were. It's a wonderful organization, a nonprofit, that actually teaches kids how to read and uses creative writing to teach them how their reading skills and get them better at their literacy. 01:13:14.300 --> 01:13:19.300 SPEAKER_20: It was a wonderful event, and it's an art-based group, and I just loved what they did. 01:13:20.300 --> 01:13:37.300 Unknown: Then I did go to Verde Exchange in Los Angeles, and I was there all day on the 1st of June, and we had energy commissioners, the chair, David Hochschild, was there, Siva Gunda, the vice chair, was there. 01:13:38.300 --> 01:13:46.300 SPEAKER_20: It was a whole array of people, but two things I brought back to staff were that I identified a company that's actually doing wind blade recycling. 01:13:47.300 --> 01:13:59.300 SPEAKER_20: We do have a wind system out at Solano, and we found, thankfully, people in touch be to reuse the blades this time, but the day will come when those big blades that are football field long are going to need to come down. 01:14:00.300 --> 01:14:05.300 SPEAKER_20: Now there's a new company out of Canada that has figured out how to take that fiberglass and break it down and make it into new building materials. 01:14:06.300 --> 01:14:09.300 SPEAKER_20: I've passed that on to staff, and it's very exciting to see those innovations. 01:14:10.300 --> 01:14:23.300 Unknown: I also passed on a company out of Canada that's taking waste aluminum that's too contaminated to make it into clean aluminum cans or other products, and they can make power out of it. 01:14:24.300 --> 01:14:31.300 SPEAKER_20: I am not an engineer, so I will not venture to explain how they do it, but I have passed it on to our R&D staff, who hopefully can look into that. 01:14:32.300 --> 01:14:34.300 SPEAKER_20: So lots of neat innovations going on out there. 01:14:35.300 --> 01:14:51.300 SPEAKER_20: I did also attend the North State Building Industry Association reception, which was wonderful to meet with our builders, and I want to thank them for their homemade program, a nonprofit where they actually go out and do home projects for free, and they support the children receiving home, which I'm on the board of. 01:14:52.300 --> 01:14:55.300 Unknown: They're actually going to help us put in new kitchens into the dorms. 01:14:56.300 --> 01:15:00.300 Unknown: The way the federal government is reimbursing us, we're struggling financially. 01:15:01.300 --> 01:15:13.300 SPEAKER_20: We cannot make it work to take the little kids, but what we can do is put kitchens in and take the kids from American River College who are sleeping in their cars and getting them into those dorms and having them a place to eat. 01:15:14.300 --> 01:15:24.300 SPEAKER_20: They'll be supported with mental health care and other supports to find permanent housing, and we're very excited for that, and I want to thank the Building Industry Authority Association for that. 01:15:25.300 --> 01:15:28.300 Unknown: And then the Gala, of course, is always a spectacular event. 01:15:29.300 --> 01:15:33.300 SPEAKER_20: I just want to thank everybody from staff who put it on, and thank you to all the staff for all their many years. 01:15:34.300 --> 01:15:43.300 SPEAKER_20: I've never been to an event where you see so many people that have worked at a place 30, 35, 40 years, and it's really because we're one smud. 01:15:44.300 --> 01:15:45.300 SPEAKER_20: So thank you to all the team. 01:15:48.300 --> 01:15:49.300 Unknown: All right. Thank you. 01:15:50.300 --> 01:15:53.300 SPEAKER_13: So I did a number of things the last month. 01:15:54.300 --> 01:16:00.300 SPEAKER_13: One really cool thing was out in Rancho Cordova, they have a brand new food hub. 01:16:00.300 --> 01:16:14.300 SPEAKER_13: It's not quite open yet, but we contributed quite a bit towards their HVAC and lighting, I believe, and they had other community partners that invested in this. 01:16:15.300 --> 01:16:28.300 SPEAKER_13: And it's a unique facility in that people, it's like it's a type of food bank, but people go in and they just shop, and they don't get just a bag of whatever they happen to get. 01:16:29.300 --> 01:16:35.300 SPEAKER_13: They're able to shop just as in a regular store and get what they actually want. 01:16:36.300 --> 01:16:42.300 SPEAKER_13: So that was actually very well attended and very joyous event. 01:16:44.300 --> 01:16:54.300 Unknown: I want to mention again the art competition we had for the calendar, for the smud calendar with all the kids. 01:16:55.300 --> 01:17:01.300 SPEAKER_13: They were here about a month ago, and we recognized them, and that was just a lot of fun. 01:17:03.300 --> 01:17:09.300 Unknown: I had a great time at the Catalyst graduation. 01:17:10.300 --> 01:17:17.300 SPEAKER_13: Catalyst is a leadership program that's run by, and I'm sorry, I forget the name of the foundation. 01:17:18.300 --> 01:17:26.300 SPEAKER_13: I think it's Cal-Asian Foundation, which is sort of a branch off of the Asian Chamber. 01:17:27.300 --> 01:17:38.300 SPEAKER_13: And that was just really great to see all these graduates, they all spoke for a couple of minutes and talked about their experience and learned a little bit about what they're doing. 01:17:38.300 --> 01:18:07.300 SPEAKER_13: And then Jesus Tarango of the Wilton Rancheria had a very nice talk about his journey, growing up and then also becoming a leader in not only his community, but also the broader community of Native Americans throughout California and what it takes and what the rewards are of being a leader in those groups. 01:18:08.300 --> 01:18:12.300 SPEAKER_13: He was actually very inspirational, so thank you to him. 01:18:13.300 --> 01:18:25.300 SPEAKER_13: I had the opportunity to do a business walk on Gerber and near Power End, so I got to meet with a number of business owners. 01:18:26.300 --> 01:18:29.300 SPEAKER_13: It was actually one of the more successful business walks that I've been on. 01:18:29.300 --> 01:18:35.300 SPEAKER_13: It was organized by the Economic Development Department of the County of Sacramento. 01:18:36.300 --> 01:18:49.300 SPEAKER_13: They did a great job of leading that and pairing us with each team had one of their folks so that I was with them. 01:18:50.300 --> 01:18:59.300 SPEAKER_13: And it was great to hear what they were doing and then also to chime in with the types of things that SMUD has to offer business owners. 01:19:00.300 --> 01:19:08.300 SPEAKER_13: And thankfully there were quite a few owners that were there, so we were able to talk to quite a few of them. 01:19:09.300 --> 01:19:17.300 SPEAKER_13: And then I had a very nice interview with a group called Coppwa Conversations. 01:19:18.300 --> 01:19:30.300 SPEAKER_13: It's a group of young Filipino Americans that are working to get the youth of the Filipino community, 01:19:30.300 --> 01:19:37.300 SPEAKER_13: and really just youth in general, API youth, engaged in civic matters. 01:19:38.300 --> 01:19:45.300 SPEAKER_13: And so they're interviewing various community leaders, politicians, business leaders, things like that, 01:19:46.300 --> 01:19:53.300 SPEAKER_13: and finding out about our journeys and our ideas of how young people might plug in, 01:19:54.300 --> 01:20:00.300 SPEAKER_13: and also getting to hear from the young people about what they think is important. 01:20:01.300 --> 01:20:11.300 SPEAKER_13: So I think that will end up being a podcast and I'll let folks know so you can grade my performance if you have nothing better to do. 01:20:12.300 --> 01:20:23.300 SPEAKER_13: I wanted to point out that next week the City of Sacramento is receiving a delegation from the City of Morelia, 01:20:24.300 --> 01:20:31.300 SPEAKER_13: which they have a sister city agreement that they're going to adopt the City of Sacramento's resolution, 01:20:31.300 --> 01:20:34.300 SPEAKER_13: similar to what happened when we visited. 01:20:35.300 --> 01:20:42.300 SPEAKER_13: I was part of Sacramento's delegation to Morelia a couple of months ago, so they're coming here, 01:20:43.300 --> 01:20:51.300 SPEAKER_13: and they do have an item coming up at City Hall next Thursday at 1 o'clock, which I plan to attend. 01:20:52.300 --> 01:20:55.300 SPEAKER_13: I shared that with the rest of the board and the executive team. 01:20:56.300 --> 01:21:07.300 SPEAKER_13: And then I don't have their full schedule, but I'll want to get that, make sure that people are aware of the types of things that we may be able to participate in. 01:21:08.300 --> 01:21:15.300 SPEAKER_13: So if you get a chance, the mayor of Morelia will be there. 01:21:16.300 --> 01:21:24.300 SPEAKER_13: He's actually the president of the municipality of Morelia, and a number of his secretaries and business leaders will be there. 01:21:25.300 --> 01:21:36.300 SPEAKER_13: So it should be pretty interesting and a great opportunity to practice your Spanish, although many of them are very fluent in English as well. 01:21:37.300 --> 01:21:39.300 SPEAKER_13: So don't let that deter you. 01:21:39.300 --> 01:21:48.300 SPEAKER_13: So that being said, I want to hand it over to Paul Lau, our CEO, and see what you have to say, Paul. 01:21:49.300 --> 01:21:51.300 Unknown: Well, thank you so much, President Tamayo. 01:21:52.300 --> 01:21:55.300 SPEAKER_01: So I'd like to start tonight's report by recognizing June as Pride Month. 01:21:56.300 --> 01:22:03.300 SPEAKER_01: Now, separating Pride Month promotes acceptance, equality, and awareness of the issues that the LGBTIQ plus community faces. 01:22:04.300 --> 01:22:08.300 Unknown: I'm proud of the work we're doing to foster diversity, equity, inclusion, and belonging at SMUD. 01:22:09.300 --> 01:22:15.300 SPEAKER_01: At the same time, I recognize there's more to be done to create communities that are truly inclusive and equitable. 01:22:16.300 --> 01:22:23.300 SPEAKER_01: Now, Team SMUD has been busy this month with Pride celebrations, including the Sacramento Pride Festival and March this weekend. 01:22:24.300 --> 01:22:30.300 SPEAKER_01: Now, thank you so much for attending and supporting Pride, and thank you to Director Herber for your participation in this wonderful event. 01:22:31.300 --> 01:22:33.300 SPEAKER_01: Now, Juneteenth is also being celebrated tomorrow. 01:22:34.300 --> 01:22:44.300 SPEAKER_01: As you know, Juneteenth commemorates the freedom finally granted to more than 250,000 enslaved black people in Texas in 1865. 01:22:45.300 --> 01:22:57.300 SPEAKER_01: Now, by honoring this history with occasions like Juneteenth, we remember the millions who were enslaved, the need to share, the rich and often painful history of people of color in this country is critical. 01:22:58.300 --> 01:23:04.300 SPEAKER_01: Thank you to our SMUD team members who will be out in the community at events this week in recognition of Juneteenth. 01:23:05.300 --> 01:23:12.300 SPEAKER_01: Thank you to our Pride SMUD Employee Resource Group and the Black Employee Resource Group for the work they do all year long. 01:23:13.300 --> 01:23:18.300 Unknown: Next, I'm excited to share that the SMP recently upgraded SMUD's revenue bond outlook to stable. 01:23:19.300 --> 01:23:34.300 SPEAKER_01: Now, Team successfully demonstrated to SMP that SMUD's wildfire mitigation plan, robust vegetation management, strong insurance protection, and liquidity and discipline financial management are helping to reduce our wildfire related risk. 01:23:35.300 --> 01:23:48.300 SPEAKER_01: SMP also affirmed a strong short and long term bonds rating, unchanged since 2017 at AA, helping us to continue to borrow at lower costs and maintain affordable rates for our customers. 01:23:49.300 --> 01:23:59.300 SPEAKER_01: So this is a special thanks to our CFO and also for Laurel's group in terms of getting a wildfire plan and really addressing the concern that SMP has about really all the utilities in California. 01:24:00.300 --> 01:24:09.300 SPEAKER_01: I think you heard Jennifer talk about earlier about last year all seven utilities, big utilities was downgraded because of the negative outlook because of the concern about wildfire in California. 01:24:10.300 --> 01:24:11.300 SPEAKER_01: So kudos to the team. 01:24:12.300 --> 01:24:19.300 SPEAKER_01: So last month, annual SMUD Care Golf Tournament was a big success for the participants and for our community. 01:24:20.300 --> 01:24:30.300 SPEAKER_01: More than 250 golfers swung for a cost, raising $8,000 for the Firefighters Burn Institute, the chosen nonprofit of both winning teams. 01:24:31.300 --> 01:24:36.300 SPEAKER_01: And a special thanks, Kewd, goes out to everyone who made the SMUD Care Golf Tournament a success this year. 01:24:37.300 --> 01:24:44.300 SPEAKER_01: And a special thanks to Director Bowie Thompson for attending and your ongoing support of SMUD Care and in rare form. 01:24:45.300 --> 01:24:49.300 SPEAKER_01: I mean, Director Bowie Thompson did not win the women's long drive this year. 01:24:50.300 --> 01:24:53.300 Unknown: She have a new competitor now, you know, in Director Kirsten. 01:24:55.300 --> 01:25:09.300 Unknown: Now, as well, awards, congratulations to our safety coordinator, Dwayne Chapelle, on being named as one of three recipients nationwide to receive the 2026 Safety and Action Icon Award from DECRA. 01:25:10.300 --> 01:25:15.300 Unknown: DECRA is a global organization offering workplace safety solutions and services. 01:25:16.300 --> 01:25:23.300 Unknown: Dwayne, including the work of our SCORCH program, which stands for Safety Conducted Observation Reduced Common Hazards, 01:25:24.300 --> 01:25:31.300 SPEAKER_01: will honor for a dedicated commitment to driving behavioral-based safety awareness at work and at home. 01:25:32.300 --> 01:25:37.300 SPEAKER_01: And again, I really want to say a big thank you for our staff for really driving down that for the last decade. 01:25:37.300 --> 01:25:40.300 SPEAKER_01: 90% of the injuries that we see at work. 01:25:40.300 --> 01:25:48.300 SPEAKER_01: So, special kudos to COO Frankie McDermott, which I know has a huge part to play in really keeping our employees and also the community safe every day. 01:25:48.300 --> 01:25:49.300 SPEAKER_01: So, thank you. 01:25:50.300 --> 01:25:54.300 Unknown: And finally, to let videos give a behind-the-scenes look at the work of our High Voltage Testing Team. 01:25:55.300 --> 01:25:59.300 Unknown: This team plays a critical role in keeping our crews and our community safe every day. 01:26:00.300 --> 01:26:09.300 SPEAKER_01: You get a look inside the lab, where the team rigorously tests every piece of insulated equipment and a variety of equipment we rely on in the field. 01:26:09.300 --> 01:26:14.300 Unknown: They certify that the equipment is ready for safe operations before it is put in use. 01:26:14.300 --> 01:26:24.300 SPEAKER_01: Now, very few utilities perform this work in-house, and the skill and dedication of a team allows SMUD to maintain our high safety standards and reliability for our customers. 01:26:24.300 --> 01:26:39.300 SPEAKER_01: Now, this video will run on our social media channels, and I want to thank the team as well as our communications staff who helped produce this video for showcasing the craftsmanship, position, and pride that goes into this essential work. 01:26:39.300 --> 01:26:43.300 SPEAKER_01: And before I conclude, you know, before I look at the—oh, let's go ahead and look at the video. 01:26:46.300 --> 01:26:50.300 Unknown: As someone who works on SMUD's social media team, I get to see our field crews in action all the time. 01:26:51.300 --> 01:26:55.300 SPEAKER_00: But that has me thinking, who are the employees who make sure our equipment is safe and reliable? 01:26:55.300 --> 01:26:58.300 SPEAKER_00: And instead of telling you about them, I say we go on a field trip. 01:26:58.300 --> 01:27:00.300 SPEAKER_00: Today, we're over at the East Campus. 01:27:01.300 --> 01:27:04.300 Unknown: As I walk by all these tools, I start to hear this weird sound. 01:27:06.300 --> 01:27:09.300 Unknown: But before we investigate that, let me introduce you to someone. 01:27:17.300 --> 01:27:19.300 Unknown: Let me introduce you to the one and only Ashley. 01:27:20.300 --> 01:27:22.300 Unknown: Our field crews use a lot of gloves. 01:27:22.300 --> 01:27:27.300 SPEAKER_00: Ashley examines every glove in detail because even the smallest hole could be a big issue. 01:27:27.300 --> 01:27:31.300 SPEAKER_00: I'm learning quick that this team is very hands-on, and they want to make sure I get my hands dirty. 01:27:33.300 --> 01:27:38.300 Unknown: After we check the gloves for punctures, it's time to electrocute them because they test them for everything. 01:27:38.300 --> 01:27:43.300 SPEAKER_00: And while the gloves get tested, crews come in and out to hand in equipment that need to be tested. 01:27:44.300 --> 01:27:47.300 Unknown: While Ashley helps him, let me introduce you to the super cool Adam. 01:27:48.300 --> 01:27:50.300 Unknown: Today, Adam has a big task. 01:27:50.300 --> 01:27:53.300 SPEAKER_00: He's changing the heads on all these C-clamps. 01:27:53.300 --> 01:27:55.300 SPEAKER_00: And there's like a lot. Like, a lot, a lot. 01:27:55.300 --> 01:27:57.300 SPEAKER_00: These C-clamps are extremely important. 01:27:57.300 --> 01:28:00.300 SPEAKER_00: They make sure that all electricity is grounded while the crews work. 01:28:00.300 --> 01:28:02.300 SPEAKER_00: Every clamp is individually tested. 01:28:02.300 --> 01:28:06.300 SPEAKER_00: With Adam's hands being full, let's head on over to meet the awesome Josh. 01:28:06.300 --> 01:28:10.300 SPEAKER_00: Josh is working on the grip-all clamp sticks, also known as a shotgun. 01:28:12.300 --> 01:28:15.300 SPEAKER_00: These super cool tools allow our crews to pick up anything. 01:28:15.300 --> 01:28:17.300 SPEAKER_00: That includes live wires. 01:28:17.300 --> 01:28:19.300 SPEAKER_00: Josh cleans and also electrifies them. 01:28:19.300 --> 01:28:21.300 SPEAKER_00: He also suggests that I give it a go. 01:28:21.300 --> 01:28:26.300 SPEAKER_00: And as much as I make this look super, super easy, I can assure you, it is not. 01:28:26.300 --> 01:28:29.300 SPEAKER_00: Before I embarrass myself even more, let's head on over to the substation room. 01:28:29.300 --> 01:28:32.300 SPEAKER_00: This is where we get to meet the guy with the super cool entrance. 01:28:32.300 --> 01:28:34.300 SPEAKER_00: That would be Elliot. 01:28:34.300 --> 01:28:37.300 SPEAKER_00: He's here to make sure that our equipment is ready to go out in the field. 01:28:37.300 --> 01:28:41.300 SPEAKER_00: From large transformers for businesses, to small ones you might see in your neighborhood. 01:28:42.300 --> 01:28:45.300 SPEAKER_00: He does the testing to make sure equipment can withstand the most extreme conditions. 01:28:48.300 --> 01:28:52.300 Unknown: Since Elliot has his hands full, earlier I did mention we would investigate that noise. 01:28:52.300 --> 01:28:55.300 SPEAKER_00: And show me why they're really called high voltage. 01:28:57.300 --> 01:29:02.300 Unknown: This small but mighty team works so hard to make sure that our crews are safe out in the field. 01:29:02.300 --> 01:29:06.300 SPEAKER_00: And when I was interviewing Josh, he said something that I think would be the best closer for this video. 01:29:07.300 --> 01:29:12.300 SPEAKER_15: Most of us that work in here have been out in the field and we've had to use this equipment on lifelines. 01:29:12.300 --> 01:29:16.300 SPEAKER_15: So we know the importance of making sure that everything is in tip top shape. 01:29:16.300 --> 01:29:18.300 SPEAKER_15: I mean, we have friends and family out there we care about. 01:29:18.300 --> 01:29:23.300 SPEAKER_15: And we try really hard to make sure that everything is here in the best condition possible. 01:29:23.300 --> 01:29:35.300 Unknown: And this concludes the video. 01:29:35.300 --> 01:29:42.300 SPEAKER_01: But before I conclude my report today, I really want to say a special thanks to somebody that we love, Deeluya Smud. 01:29:42.300 --> 01:29:47.300 SPEAKER_01: Chief Communications and Marketing Officer, Ferris Everly, who's in the audience today. 01:29:47.300 --> 01:29:49.300 SPEAKER_01: Who is retiring this month. 01:29:49.300 --> 01:29:50.300 SPEAKER_01: This is his last board meeting. 01:29:50.300 --> 01:29:58.300 SPEAKER_01: So I think Ferris, this is probably your 5600 meetings that actually you've attended since your career here at Smud. 01:29:58.300 --> 01:30:00.300 SPEAKER_01: And on board, I think I got it right. 01:30:00.300 --> 01:30:01.300 SPEAKER_01: Great. 01:30:03.300 --> 01:30:04.300 Unknown: I just want to say thank you. 01:30:04.300 --> 01:30:07.300 SPEAKER_01: I think Ferris has been an absolute pleasure to work with. 01:30:07.300 --> 01:30:16.300 SPEAKER_01: And he really is a big drive in terms of making Smud, giving us reputation locally, statewide and also nationally. 01:30:16.300 --> 01:30:19.300 SPEAKER_01: And he's also really, for those of you who don't know, 01:30:19.300 --> 01:30:25.300 SPEAKER_01: he is really the one, the initial concept that we need to have a board video once a month. 01:30:25.300 --> 01:30:32.300 Unknown: So again, congratulations to Ferris and best of luck to you and Maria in your retirement. 01:30:32.300 --> 01:30:33.300 SPEAKER_01: Thank you. 01:30:41.300 --> 01:30:42.300 Unknown: And that concludes my report. 01:30:42.300 --> 01:30:43.300 SPEAKER_01: And back to you, President Tamayo. 01:30:44.300 --> 01:30:45.300 SPEAKER_13: Yeah, thank you. 01:30:45.300 --> 01:30:53.300 SPEAKER_13: And I did give Ferris fair warning that we're going to expect him to sing at this meeting. 01:30:53.300 --> 01:30:57.300 SPEAKER_13: So you've got three minutes up at the mic there, Ferris. 01:30:57.300 --> 01:31:00.300 SPEAKER_13: So don't disappoint us. 01:31:00.300 --> 01:31:04.300 SPEAKER_13: So do we have any summary to note for the record? 01:31:04.300 --> 01:31:05.300 SPEAKER_13: I do not have anything now. 01:31:05.300 --> 01:31:06.300 SPEAKER_06: All right. 01:31:06.300 --> 01:31:07.300 SPEAKER_13: Thank you. 01:31:08.300 --> 01:31:13.300 SPEAKER_13: And do we have any requests to speak on the closed session agenda? 01:31:14.300 --> 01:31:15.300 Unknown: No, we do not. 01:31:15.300 --> 01:31:16.300 SPEAKER_06: All right. 01:31:17.300 --> 01:31:20.300 SPEAKER_13: Well, first of all, let me say thank you very much, Ferris. 01:31:21.300 --> 01:31:27.300 SPEAKER_13: Really appreciate all the work that you've done and also the videos. 01:31:27.300 --> 01:31:33.300 SPEAKER_13: I didn't know that was your brainchild, but I knew that you were behind the execution of them. 01:31:33.300 --> 01:31:37.300 SPEAKER_13: But I think it's a great body of work. 01:31:37.300 --> 01:31:43.300 SPEAKER_13: I mean, obviously, that's not the only part of your body of work, but those are really cool. 01:31:43.300 --> 01:31:45.300 SPEAKER_13: So I'll think of them now. 01:31:45.300 --> 01:31:49.300 SPEAKER_13: I'll think of you out fishing somewhere while I'm watching the videos. 01:31:49.300 --> 01:31:52.300 SPEAKER_13: So anyway, have a great retirement. 01:31:52.300 --> 01:31:55.300 SPEAKER_13: I hope to go out fishing with you sometime. 01:31:55.300 --> 01:32:02.300 SPEAKER_13: And you got a raft trip from me at some point when you come back from your – I guess it's not a honeymoon. 01:32:02.300 --> 01:32:03.300 SPEAKER_13: It's a retirement trip. 01:32:03.300 --> 01:32:05.300 SPEAKER_13: It's like, it's a extravaganza. 01:32:05.300 --> 01:32:06.300 SPEAKER_13: Thank you. 01:32:06.300 --> 01:32:07.300 Unknown: Yeah, go ahead, Greg. 01:32:07.300 --> 01:32:10.300 SPEAKER_13: And if any of the other directors wanted to say something. 01:32:11.300 --> 01:32:15.300 Unknown: Ferris, as you know, I was a PIO here at SMUD long before you actually started here. 01:32:15.300 --> 01:32:20.300 SPEAKER_08: And I pretend like I know something about communications once in a while. 01:32:20.300 --> 01:32:25.300 Unknown: And I just want to say thank you for reining me in at times and keeping me within the rails. 01:32:26.300 --> 01:32:30.300 Unknown: And I appreciate the work that you've done. 01:32:30.300 --> 01:32:32.300 SPEAKER_08: You've got a great team. 01:32:33.300 --> 01:32:35.300 SPEAKER_08: And we're going to miss you. 01:32:35.300 --> 01:32:39.300 SPEAKER_08: But yeah, enjoy getting your line wet a little bit and have fun. 01:32:42.300 --> 01:32:43.300 Unknown: Anybody else on the chair, man? 01:32:43.300 --> 01:32:44.300 SPEAKER_13: Go ahead, Heidi. 01:32:44.300 --> 01:32:45.300 SPEAKER_13: I'll just say thanks, Ferris. 01:32:45.300 --> 01:32:55.300 SPEAKER_20: I mean, sometimes I would drop like – I always have the crazy ideas, like, you know, do the powered by SMUD stickers for people's cars. 01:32:56.300 --> 01:32:57.300 SPEAKER_20: And you did that. 01:32:57.300 --> 01:33:05.300 SPEAKER_20: And then the idea about, you know, focusing on the health impacts of stoves, since gas stoves, it's like, you know, people love their gas stoves. 01:33:06.300 --> 01:33:07.300 SPEAKER_20: And you did that. 01:33:07.300 --> 01:33:09.300 SPEAKER_20: And we made it a medical issue. 01:33:09.300 --> 01:33:10.300 SPEAKER_20: And people didn't know that. 01:33:10.300 --> 01:33:12.300 SPEAKER_20: So I just want to say thank you. 01:33:12.300 --> 01:33:13.300 SPEAKER_20: You did a great job. 01:33:13.300 --> 01:33:14.300 SPEAKER_20: The billboard's everything. 01:33:14.300 --> 01:33:16.300 SPEAKER_20: I mean, we have such a great reputation. 01:33:16.300 --> 01:33:18.300 SPEAKER_20: But a lot of it is because of what you put out there. 01:33:18.300 --> 01:33:20.300 SPEAKER_20: So enjoy your retirement. 01:33:20.300 --> 01:33:22.300 SPEAKER_20: And hopefully we'll see you rafting or fishing. 01:33:22.300 --> 01:33:24.300 SPEAKER_20: Crazy ideas on the best side. 01:33:26.300 --> 01:33:27.300 SPEAKER_13: Go ahead. 01:33:27.300 --> 01:33:32.300 SPEAKER_04: Well, I have to say something, too, because, you know, the board's on a roll now. 01:33:32.300 --> 01:33:40.300 Unknown: And I don't know if many of you know, but Ferris was my boss for many, many years. 01:33:40.300 --> 01:33:49.300 SPEAKER_04: And I have to say that he's just a tremendous man. 01:33:49.300 --> 01:33:51.300 SPEAKER_04: You know, he was fair. 01:33:52.300 --> 01:33:54.300 SPEAKER_04: Not a whole lot of people can control me. 01:33:54.300 --> 01:33:56.300 SPEAKER_04: And he did a good job. 01:33:58.300 --> 01:34:02.300 SPEAKER_04: But the reason why is that he was such a good man. 01:34:02.300 --> 01:34:11.300 SPEAKER_04: And you could tell that he wasn't going to try to rip you off or, you know, get something by you. 01:34:11.300 --> 01:34:18.300 SPEAKER_04: And so I'm very grateful that you made my time at SMUD a good time. 01:34:18.300 --> 01:34:20.300 SPEAKER_04: So thank you, Ferris. 01:34:20.300 --> 01:34:23.300 SPEAKER_04: I'm really sad that you're leaving. 01:34:23.300 --> 01:34:27.300 SPEAKER_04: But I know you and Maria deserve this time together. 01:34:27.300 --> 01:34:31.300 SPEAKER_04: So my heart goes out to you, my friend. 01:34:33.300 --> 01:34:38.300 Unknown: Well, now I'm going to insist that we have lunch so that I can learn how to control Rosanna. 01:34:38.300 --> 01:34:42.300 SPEAKER_13: Anybody on this? 01:34:42.300 --> 01:34:44.300 SPEAKER_13: That might take dinner. 01:34:51.300 --> 01:34:54.300 Unknown: Thank you. 01:34:54.300 --> 01:35:03.300 Unknown: So as Ferris, thanks for keeping us on message all these years and for being able to reach out to people and explain SMUD in a way that's understandable. 01:35:03.300 --> 01:35:05.300 Unknown: It's not easy what we do here. 01:35:05.300 --> 01:35:08.300 SPEAKER_17: And so much of it gets taken for granted. 01:35:08.300 --> 01:35:14.300 Unknown: And we kind of like being taken for granted, you know, just the light's on, the rate's low, and always dependable. 01:35:14.300 --> 01:35:17.300 Unknown: But there's nothing simple in any of that. 01:35:17.300 --> 01:35:18.300 SPEAKER_17: And explaining it to folks is hard. 01:35:18.300 --> 01:35:19.300 SPEAKER_17: So thank you. 01:35:19.300 --> 01:35:29.300 SPEAKER_17: And just to confirm, I did send out a message to all my fish friends that they need to lay low because Ferris has got some extra time on his hands now. 01:35:29.300 --> 01:35:31.300 SPEAKER_17: Thanks so much. 01:35:34.300 --> 01:35:36.300 Unknown: So, Ferris, you've been here as long as I have. 01:35:36.300 --> 01:35:41.300 SPEAKER_18: I think you started in 2008, right before I was elected. 01:35:41.300 --> 01:35:47.300 SPEAKER_18: And it's been quite an honor and just the experience of seeing you grow, right? 01:35:47.300 --> 01:35:51.300 SPEAKER_18: Started as a supervisor and ending as an executive. 01:35:51.300 --> 01:35:54.300 SPEAKER_18: And I talked to you at the retirement gala. 01:35:54.300 --> 01:35:58.300 SPEAKER_18: You know, a lot of people, SMUD becomes a family. 01:35:58.300 --> 01:35:59.300 SPEAKER_18: It becomes a part of your life. 01:35:59.300 --> 01:36:06.300 SPEAKER_18: And sometimes it's hard to know when to leave and to say, this is time for myself and my family. 01:36:06.300 --> 01:36:09.300 SPEAKER_18: So I'm glad you're doing it while you can still trudge. 01:36:10.300 --> 01:36:17.300 SPEAKER_18: And I know you're a great fly fisherman from Paul talking to you about it and some of the secret little holes around. 01:36:17.300 --> 01:36:20.300 SPEAKER_18: And, you know, this is for everybody here, too. 01:36:20.300 --> 01:36:25.300 SPEAKER_18: You give a lot, but you also have to give to your family. 01:36:25.300 --> 01:36:31.300 SPEAKER_18: And so I love that you're retiring while you're still healthy and you have this great life ahead of you with Marie. 01:36:31.300 --> 01:36:33.300 SPEAKER_18: And hope to see you around. 01:36:33.300 --> 01:36:36.300 SPEAKER_18: You know, out there, I love the trout derby. 01:36:36.300 --> 01:36:44.300 SPEAKER_18: It's not quite your speed, but thank you for your service and excited for you and all the great free time that you'll fill up with all your things. 01:36:47.300 --> 01:36:49.300 Unknown: I'll just be brief, but thank you, Farris. 01:36:49.300 --> 01:36:54.300 SPEAKER_12: I know that the truck is gassed up and you're ready to get the road. 01:36:54.300 --> 01:36:56.300 SPEAKER_12: So have a wonderful retirement. 01:36:56.300 --> 01:37:01.300 SPEAKER_12: All right. 01:37:01.300 --> 01:37:03.300 Unknown: Thank you very much. 01:37:03.300 --> 01:37:12.300 SPEAKER_13: And so now we're going to be entering into closed session to discuss the following items. 01:37:12.300 --> 01:37:25.300 SPEAKER_13: Announcement of closed session agenda of public employment pursuant to section 54957B1 of the government code, employment of CEO and general manager. 01:37:25.300 --> 01:37:27.300 SPEAKER_13: No further business appearing. 01:37:27.300 --> 01:37:29.300 SPEAKER_13: The board will now adjourn into closed session. 01:37:29.300 --> 01:37:30.300 SPEAKER_13: Thank you very much.