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South Dakota Energy Infrastructure Authority SDEIA Presented at the South Dakota Legislative Energy

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Created by the South Dakota Legislature in the 2005 session ... Bill is currently the South Dakota Energy Development Director and is on loan to ... – PowerPoint PPT presentation

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Title: South Dakota Energy Infrastructure Authority SDEIA Presented at the South Dakota Legislative Energy


1
South DakotaEnergy Infrastructure
Authority(SDEIA)Presented at the South Dakota
Legislative Energy BriefingWednesday, January
18, 2006
2
SDEIA
  • Created by the South Dakota Legislature in the
    2005 session
  • Codified at South Dakota Codified Laws Chapter
    1-16I

3
SDEIA
  • Presentation Overview
  • Brief summary of the legislative intent
  • Authority actions required by the legislation
  • Administration

4
SDEIA
  • Legislative Intent
  • Created to diversify and expand the states
    economy by developing in South Dakota the energy
    production facilities and the energy transmission
    facilities necessary to produce and transport
    energy to markets within the state and outside of
    the state

5
SDEIA
  • Legislative Intent
  • The authority may provide for the financing,
    construction, development, maintenance, and
    operation of new or upgraded energy transmission
    facilities

6
SDEIA
  • Legislative Intent
  • If the authority becomes the owner or partial
    owner of any transmission facility, the authority
    shall divest itself of ownership as soon as
    economically practical

7
SDEIA
  • Legislative Intent
  • In order to finance energy transmission
    facilities authorized pursuant to the Act, the
    authority may issue and have outstanding bonds to
    finance such facilities in an amount not to
    exceed one billion dollars. However, no bonds
    may be issued until the issuance of the bonds is
    specifically approved by an act of the
    Legislature.

8
SDEIA
  • Required Authority Actions
  • Meet with any interested owner of transmission
    lines in South Dakota, and any interested
    generator and distributor of electricity to
    consumers in South Dakota by August first each
    year

9
SDEIA
  • Required Authority Actions
  • Report its findings and make recommendations to
    the Governor, the Legislature, and the South
    Dakota delegation by December first of each year

10
SDEIA
  • Required Authority Actions
  • Evaluate state and federal laws affecting
    electric generation and transmission
  • Identify and communicate opportunities for
    cooperation between owners of transmission lines
    in South Dakota and generators and distributors
    of electricity

11
SDEIA
  • Required Authority Actions
  • Assist any entity that wants to build new or
    upgrade existing electric transmission facilities
    to, from, and within South Dakota
  • Assist other state transmission authorities and
    any federal or regional entity wanting to build
    new or upgrade existing transmission facilities
    to deliver electricity to, from, and within South
    Dakota

12
SDEIA
  • Administration
  • The authority is governed by a five member board
    of directors. Board members are appointed by the
    Governor and serve staggered six year terms.
    Members may be reappointed.

13
SDEIA
  • Administration
  • Current board members are
  • Mike Trykoski, Rushmore Professional Services,
    Rapid City (Chairman)
  • Kyle White, Black Hills Corporation, Rapid City
    (Vice Chairman)
  • Audry Ricketts, South Dakota Rural Electric
    Association, Pierre
  • Mike Held, South Dakota Farm Bureau, Huron
  • Dr. Mike Ropp, SDSU, Brookings

14
SDEIA
  • Administration
  • The board has the appointed Bill Even interim
    Executive Director. Bill is currently the South
    Dakota Energy Development Director and is on loan
    to the authority for three months, courtesy of
    Secretary of Tourism and State Development, Jim
    Hagen.

15
SDEIA
  • The first meetings of the board have consisted of
    two telephone conference calls in December. A
    formal meeting is being scheduled for sometime in
    February.

16
SDEIA
  • Administration
  • Initial tasks before the board are to develop
    by-laws, a mission statement and a set of goals
    and objectives

17
SDEIA
  • Administration
  • At this time, no funding has been authorized for
    the authority. Your support in this regard is
    needed if the authority is to begin to carry out
    the objectives set forth in the legislation.
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