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MINUTES OF THE MAY 19 2011 MEETING OF THE <br />SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY <br />A special meeting of the Board of Directors was held on May 19 2011 at the Anaheim Public <br />Utilities 201 S Anaheim Boulevard Anaheim California <br />The meeting was called to order at 1006 am by President Glenn Steiger <br />The following Board members M and alternates A were present and acting in their capacity <br />as representative for their utility Marcie L Edwards Anaheim M George Morrow Azusa <br />M Fred H Mason Banning M Ronald E Davis Burbank M Vince Brar Cerritos A <br />Amer Jakher Colton M Glenn O Steiger Glendale M Belen Valenzuela III A <br />Aram Benyamin LADWP A Eric Klinkner Pasadena A David H Wright Riverside M <br />Carlos Fandino Vernon M <br />Staff members present were SCPPA staff members Phyllis H Brown Julie K Felipe <br />Richard M Helgeson Steven L Homer Geri L Mitchell Vernon D Oates David G Walden <br />and Therese Savery LADWP SCPPA Accounting Manager <br />Attorneys and consultants present included Stephen Cole Fulbright Jaworski <br />1 NoticeAgenda Opportunity for the Public to Address the Board <br />President Steiger afforded the public an opportunity to address the Board <br />2 Approval of Minutes <br />Mr Davis moved to approve the minutes of the meeting held April 21 2011 The motion <br />was seconded by Mr Wright and unanimously approved with Colton abstaining <br />3 Executive DirectorsReport <br />Mr Carnahan referenced his written report and discussed the highlights Mr Carnahan noted <br />that two new working groups had been formed one for legislative matters and one for a spare <br />parts pool for peaking generating units <br />4 Finance and Accounting ManagersReport <br />Mr Oates reported on the Finance Committee meeting of May 2 2011 and presented the <br />Investment Reports for the month and quarter ending March 31 2011 The reports were <br />received and filed Items discussed included the status of the Milford 11 financing and <br />various letters of credit <br />Mr Oates presented Resolution 2011 026 authorizing one or more Reimbursement <br />Agreements for the Palo Verde Project 2008 bonds Mr Morrow moved that Resolution