HomeMy WebLinkAbout11 Negotiator Sierra Pacific Power Agenda Item # 11
Public
ACTION
To: Board of Directors
From: Stephen Hollabaugh
Date: June 18, 2008
Subject: Appoint a District Negotiator for Sierra Pacific Power Company-
Sale of California Property
1. WHY THIS MATTER IS BEFORE THE BOARD
Only the Board can appoint a District negotiator.
2. HISTORY
Sierra Pacific Power Company has electric service territory on three sides of the
District's boundaries. Sierra Pacific serves approximately 46,000 California electric
customers.
3. NEW INFORMATION
Sierra Pacific Power Company has recently announced their intent to sell their
California assests. The District should evaluate whether or not it wants to try to
acquire some of these assests. Direction from the Board on this issue is required if
the Board elects to pursue aquisition. Then appointment of a District negotiator is also
required.
4. FISCAL IMPACT
There is no fiscal impact associated with this matter as it relates to appointing a
District negotiator.
5. RECOMMENDATION
Appoint the General Manager, Michael D. Holley, as the District negotiator to
negotiate with Sierra Pacific Power Company- Sale of California Property.
"Hollabaugh---,P---
Michael D. Holley
Assistant General Manager General Manager