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Citizens Energy boards approve minutes, committee appointments, cost adjustments and quarterly financials
Summary
At a joint meeting May 28, the board of directors of Citizens Energy Group and CWA Authority Inc. approved meeting minutes, amended committee rosters to add new director Eric Scroggins, adopted gas and fuel cost adjustments and accepted combined second-quarter financial statements.
The board of directors of Citizens Energy Group and CWA Authority Inc. approved several routine and financial items at a joint meeting held May 28.
The board voted to approve the minutes of the Feb. 19 meeting, amend Executive and Standing Committee appointments to add newly appointed director Eric Scroggins, adopt Gas Cost Adjustment GCA-166 and Fuel Cost Adjustment FAC-77, and accept the trust's second-quarter fiscal-year 2025 financial statements.
Why it matters: The approvals finalize routine governance housekeeping and confirm the trust's quarterly financial results and short-term pricing adjustments for gas and fuel that affect utility billing and internal accounting.
Key actions and outcomes
- Approval of minutes (Feb. 19): Motion approved. (Resolution/materials on page 3 of the board portal.)
- Amendment to committee appointments to add Eric Scroggins: Motion approved. The amendment places Scroggins on the Wastewater Resources Executive Committee and the Compensation and Finance Committee for the remainder of 2025. (Resolution begins on page 8 of the board portal.)
- Gas Cost Adjustment (GCA-166): Motion approved. The board referenced the resolution on page 12 of the board portal.
- Fuel Cost Adjustment (FAC-77): Motion approved. The resolution is on page 13 of the board portal.
- Acceptance of fiscal-year 2025 second-quarter financial statements for Citizens Energy Group and CWA Authority Inc.: Motion approved after routine review by the Audit and Risk Committee and presentation by the controller and external auditors.
Meeting procedure and voting: In each case the motions were moved and seconded, and the chair called for the ayes; roll-call tallies were not read into the record beyond verbal assent. No votes were recorded as opposed or abstaining in the portion of the transcript where the motions were taken. The board materials referenced for each motion are recorded on the board portal pages cited during the meeting.
What the board recorded in materials: Each motion was supported by resolutions or financial exhibits in the board packet (pages cited during the meeting). The Audit and Risk Committee reported that the external reviewer completed a review of the second-quarter financial statements with no reported disagreements or significant issues.
