April 2024 Agenda

PUBLIC NOTICE OF A REGULAR MEETING OF THE
NORTHERN ILLINOIS MUNICIPAL POWER AGENCY,
A JOINT MUNICIPAL ELECTRIC POWER AGENCY
ORGANIZED PURSUANT TO 65 ILCS 5/11-119.1

Notice is hereby given, pursuant to the Illinois Open Meetings Act, 5 ILCS 120/1.01, that a regular meeting of the NORTHERN ILLINOIS MUNICIPAL POWER AGENCY (NIMPA) will be held Thursday, April 18, 2024 at 10:30 AM, at the Geneva Public Works facility, 1800 South Street, Geneva Illinois. The agenda for the meeting is as follows:  

1.     Call to Order and Roll Call

2.     Presentation of the 2023 Audit Report – Forvis Representatives

               Documents:

               2023 – NIMPA Audit Communication Letter – FINAL

               2023 – NIMPA Financial Statements – FINAL

3.     Approval of regular session meeting minutes from March 21, 2024

               Document:

               March-21-2024-regular-session-minutes.pdf

4.     Discussion: Potential General Manager Position

               Document:

               NIMPA-General-Manager-Options-4_12_24-Update.pdf

              Additional-Avant-Support-to-NIMPA.pdf

5.     Van Buren Consulting Group – Legislative Update

          a. HB 5315 – Status as of 4/12/24: Placed on Calendar for 2nd Reading

          b. HB 5021 – Status as of 4/12/24: Re-Referred to Rules Committee

          c. SB 3637 – Status as of 4/12/24: Re-Referred to Assignments

6.     Financial Report

          a. Monthly Financials from February 2024

               Document:

               February-2024-NIMPA-Financials.pdf

          b. Potential refinancing of BABs utilizing extraordinary redemption provisions

7.     Approval of Resolution 2024-1 authorizing investment of Plant Closure Fund and permitting. NIMPA President to execute PNC Capital Markets LLC Master Resolution and Authorization and other documents related to Closure Fund investments

               Document:

               RESOLUTION-2024-1-Authorizing-Plant-Closure-Fund-Investment.pdf

8.     Management / Operations Report

               Documents:

               Monthly-Management-Report-February-2024.pdf

               Supplementary-Management-Report-Details-February-2024.pdf

9.     General Counsel Update

10.     NIMPA Remote Online Participation

          a. License Agreement Purchase – Zoom; Teams; Other?

          b. Utilization policy for monthly meetings

               Document:

               April-2024-Agenda-NIMPA-online-meeting_conference-software-platform.pdf

11.     Discussion – Illinois generation and storage projects

12.     EXECUTIVE SESSION (Discussion of contracts relating to the purchase, sale or delivery of electricity from the Prairie State Project; Litigation related to the Prairie State Generating Company)

13.     Action Items from Executive Session

          a. Illinois generation and storage projects

14.     Old Business

15.     New Business

          a. “Save the date” for Prairie State Tour

                    i. Options: week of 7/8, 7/22, 7/29 or the month of August

16.     Comments

          a. Board

          b. Public

17.     Motion to adjourn