North Carolina Eastern Municipal Power Agency Meeting May 27 2009  Important Meeting, Click on Video provided by Curmilus Dancy DCN TV

Click on the individual pictures to see selected video

	Ken Raber VP of Electricities gives overview of mandatory Nuclear Power Plant shutdown for scheduled Fed required maintenance.
Also one of the commissioners questions CFO as to borrowing around $11M more than needed. The CFO really didn’t have an answer for this, but see for yourself in the video	Chief Financial Officer Tim Tunis of ElectriCities talks about the recent sale of bonds, the potential downgrade of NCEMPA’s MOODY BOND RATING to BBB+ which would result in 25M cash put up by ElectriCities to cover.
	Ernestine Davis lobbyist update presented to NCEMPA.  She is the Senior Vice President, Government and Community Relations
	Art Hubert Interim CEO is surely a video to watch. He addresses the Cap & Trade Bill HR 2454 and raises valid concerns about North Carolina’s exposure to Climate Change Policy.

Things to consider as you watch the Art Hubert portion of the video.  The State of North Carolina has estimated that at best we may be able to comply with an overall 12% reduction in carbon emissions.  This is due to the make up of the State and coal-fired plant energy generation. 

Reducing carbon is not a simple process for North Carolina.  You can’t just put a HEPA filter on a coal plant smokestack and make it happen.  Currently, there is no valid technology to even address industrial plant carbon reduction relating to the 2012 deadline.

Eastern North Carolina will face serious power wholesale increases that could bring the overall ratepayer cost to over 20 cents pKwH in the not to distant future. 

The Commissioners were asked to contact their congressman to support eastern North Carolina ratepayers.  As you watch the video you may conclude, as I did, that this call to action went unnoticed by some commissioners.  In fact, one commissioner said, “if we’re not looking at a rate increase this year I don’t have to worry about it.”

After Huber addressed the call for action, the next question was a proposal to consider meeting less than once a month.  So, I don’t think some members of this Board are “on the same page” in trying to keep rates down.

Toward the last segment of the Art Hubert video, Chairman Paul Fisher of Southport made the announcement that a package deal was offered to a potential new CEO.