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From YouTube: Special Meeting for Wednesday, February 24, 2021
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A
Good
morning
this
is
chair,
french
and
I
am
convening
the
special
business
meeting
of
the
kansas
corporation
for
today
february
twenty
fourth,
twenty
twenty
one,
I'm
joined
by
my
colleagues,
commissioner
keane
and
commissioner
duffy,
and
we
have
one
item
on
today's
special
business
meeting,
and
this
is
in
federal
energy
regulatory
commission.
Docket
number
el
21-blank,
d-000
daca
number
two
be
assigned.
I
presume-
and
this
is
regarding
a
motion
to
file
comments
in
support
of
spp's
request
for
limited
waiver.
B
Thank
you,
commissioner,
and
yeah.
Just
an
update
on
the
docket
number.
I've
just
been
I've
just
received
information.
The
docket
is
now
el
21193,
and
so
two
days
ago,
february,
22nd
2021
the
southwest
power
pool
filed
a
request
at
ferc
for
a
two-week
waiver,
temporary
relieving
load
serving
entities
of
the
requirements
set
forth
in
section
5.3.2
of
attachment
x
of
the
open
access
tariff
that
obligates
load
serving
entities
to
provide
spp
with
significant
additional
collateral
within
two
days
of
receipt
of
the
notice
from
spp.
B
The
extreme
weather
event
that
occurred
last
week
in
the
spp
region
caused
significant,
unprecedented
reliability
and
operational
challenges.
Many
load
serving
entities
made
significant
net
purchases
in
the
market
at
high
market
prices
during
this
period
and
will
face
a
high
calls
to
post
additional
collateral.
By
monday
march,
1st
2021
spp
has
asked
ferc
to
make
a
decision
by
today
february,
24
2021,
kansas
load
surveying
entities
include
effigy
and
empire,
and
they
have
they
may
be
affected
by
these
collateral
calls.
B
Staff
has
discussed
spp's
requests
with
our
dc
council
and
believe
the
kcc
should
file
intervention
out
of
time
and
brief
comments
in
support
of
the
waiver.
We
have
comments
of
it
available
to
be
filed
upon
commission
approval,
so
this
will
likely
be
filed
before
ferc
makes
a
decision,
but
the
deadline
was
due
yesterday.
We
just
found
out
about
it,
and
so
I
think
I
I
don't
think
there'd
be
any
problem
on
filing
anything.
B
A
C
B
D
D
D
What
would
be
a
very
high
collateral
call
for
for
liberty
and
energy
in
discussions
with
evergy
they're,
going
to
be
probably
a
net
exporter
overall
during
last
week,
so
spp
will
be
resettling
with
them
sometime
in
the
next
few
weeks
or
or
here
in
the
near
future.
So
they'll
be
relatively
neutral
on
on
the
impact
from
last
week
to
customers
because
they
were
able
to
generate
enough
electricity
to
be
more
or
less
than
that
exporter.
D
So
it's
an
oddity
here
right
I
mean
it's
just
a
function
of
the
way
the
formula
is
structured,
but
because
of
the
conversations
with
energy
and
how
little
sense
this
makes
we
just
felt
like
it
was
a
good
idea
to
to
weigh
in
because
every
g
is
just
going
to
be
paying
a
lot
of
money
for
a
collateral
call
and
getting
a
lot
of
money
back.
So
it
really
makes
a
lot
of
sense.
This.
We
just
thought
we
would
weigh
in
and
support
the
the
the
waiver
request
from
spp.
C
E
F
That's
this
sort
of
anomalous
element
that
that
that
jeff
described,
and
so
the
way
that
the
reason
two
weeks
is
important
is
because
the
way
that
the
the
tariff
works
is
once
you
pay
your
invoice
for
everything
you've
been
exposed
to
or
the
last
week,
then
that
drops
off
of
the
calculation.
So
I
mean
you
know
the
it
it
literally
it.