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Board considers authorizing staff to finalize CPS Energy PILOT agreement tied to Barney Davis plant
Summary
Board members discussed a proposed three‑year payment‑in‑lieu‑of‑taxes agreement with CPS Energy related to the Barney Davis power plant; the board was asked to authorize staff and counsel to finalize the contract but the transcript does not record a formal vote tally.
A board member described a proposed agreement with CPS Energy that would provide a three‑year payment‑in‑lieu‑of‑taxes (PILOT) in connection with CPS Energy's purchase of the Barney Davis power plant, which the speaker described as a tax‑exempt entity. The board was asked to approve the payout and give the superintendent and staff authority to work with general counsel and CPS Energy to finalize the contract.
The superintendent introduced Matthew Jones from intergovernmental relations with CPS Energy and invited trustees to ask questions. The superintendent said she did not anticipate substantive contract changes but asked to retain authority to work with counsel in case adjustments were needed. The motion to authorize staff to finalize the agreement was seconded; the transcript does not include a recorded roll‑call or tally for this motion.
The discussion in the record focused on the mechanics of authorizing staff to conclude an agreement rather than on detailed financial terms of the PILOT. The transcript does not list the dollar amount of the payout or an executed agreement.
