During committee meetings this morning, the Omaha Public Power District Board of Directors discussed a planned public review of board policies. These policies help with decision-making processes, and they provide clarity on the relationship between the board and OPPD management.
A board policy workshop is set for Monday, July 24. It will take place from 8 a.m. to 5 p.m. at the University of Nebraska-Omaha’s Barbara Weitz Community Engagement Center, Room 201. The event is open to the public; however, there will be no public commentary at that time. Those who wish to provide feedback may do so by visiting oppdlistens.com or during future board meetings. The board will consider all comments before voting on revisions.
A full list of strategic directive, board-staff linkage and governance process policies is available at oppd.com/boardmeeting.
During their monthly board meeting today, directors accepted the monitoring report for one such policy – Board Policy: Strategic Directive-15, relating to enterprise risk-management. The board evaluates all monitoring reports on an ongoing basis. Acceptance means they find the district to be sufficiently in compliance with the goals previously set forth for the utility.
Directors also appointed new retirement plan investment managers. PGIM Real Estate and Harrison Street Real Estate Capital were selected based upon their competitive performance records, among other factors. Both of these funds invest in core real estate, which includes properties such as office buildings and multi-family housing. The addition of private real estate investment funds to the retirement plan portfolio will improve the return while decreasing the volatility and improve the overall diversification of the portfolio.
In other action, directors:
- Authorized the district to negotiate and enter into a contract with a qualified vendor to fabricate and load dry casks for used nuclear fuel at Fort Calhoun Station.
- Received its monthly President’s report. You can view that report after it is posted by visiting oppd.com/boardmeeting.
Next month’s board committee meetings will start at 10 a.m., July 13. The monthly board meeting will be held the same day at 4 p.m. Both meetings will take place at Energy Plaza, 444 S. 16th St., Omaha.
In addition, the meetings will continue to be streamed live at oppd.com, in the district’s ongoing efforts to remain transparent, as well as making its public meetings accessible and convenient for our customer-owners.