At today’s regular monthly meeting of the Omaha Public Power District Board of Directors, President Tim Burke shared details of a recent honor bestowed upon Nebraska Governor Pete Ricketts and the Greater Chamber, and the utility’s involvement in their achievement.
Nebraska topped Site Selection magazine’s list of most capital projects per capita with 101 projects in 2016. Utility rates have been cited as a key contributor to the growth.
Burke emphasized the projects would not have been possible without collaboration across a number of entities in our area. He said these partnerships were key to the projects’ success. This was the second time in the last four years the magazine has presented Nebraska’s governor with the award. More information is available on OPPD’s news website, The Wire.
In his President’s Report, Burke also shared the phenomenal fundraising results of the 10th Annual Heat the Streets Run and Walk for Warmth, held March 4. This is OPPD’s largest fundraising event for the Energy Assistance Program, and the money raised goes directly to those in need for energy-related expenses. This year’s preliminary figures show more than $129,000 was raised for the Common Fund of the Heartland, an increase of $53,000 over last year. You can read more about the effort on The Wire.
In addition, today, directors continued their transparent review of the district’s Retirement Plan funding and ways to strengthen it for the future. The board accepted the monitoring report for Board Policy: Strategic Directive-14, relating to that funding. Directors also approved the appointment of LSV Asset Management, Voya Investment Management and Lord Abbett & Co. as new investment managers for OPPD’s retirement plan.
Directors heard a presentation by Vice President-Customer Service Juli Comstock on OPPD collections and energy assistance efforts. OPPD has implemented impactful changes in these areas in keeping with its core values, which include having a passion to serve, honoring our community and caring about one another.
In other action, directors:
- Approved contracts to purchase 69-kilovolt (kV), 161-kV and 345-kV power circuit breakers for a number of upcoming projects, including the Elkhorn River Valley Transmission Project and expansion at two OPPD substations.
Directors authorized the district to award contracts to GE Grid Solutions in the amount of $70,624, to Siemens in the amount of $905,250 and to ABB in the amount of $577,515.
- Received more company updates in the monthly President’s Report. You can view that full report after it is posted by visiting oppd.com/boardmeeting.
Next month’s board committee meeting will be held at 10 a.m., April 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, both 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.