MEAN holds committee workshops in October

November 01, 2020

The Municipal Energy Agency of Nebraska (MEAN) Finance and Power Supply Committee and Governance Review Committee held separate half-day workshops in October.

The Finance and Power Supply Committee workshop discussion topics included MEAN’s rate setting philosophy, rate structure review, rates impact of resource planning and MEAN’s 2050 carbon neutral vision and debt strategy and refunding considerations.

The Governance Review committee topics included the principles of MEAN’s modernization effort and its timeline, a summary of MEAN’s history and an overview of the current terms of MEAN’s Service Schedule M, which is the total power requirements power purchase agreement between MEAN and each participant.

Working through the committee, MEAN is in the process of working to modernize its Service Schedule M agreement due to industry changes and MEAN’s policy and procedure changes.

The workshops were held for discussion purposes only and no action was taken. The next MEAN Committees and Board of Directors meetings are scheduled for November 12-13.