Transcript Highlights:

• the Department of Financial Protection and Innovation, or DFPI, to conduct a disparity study to evaluate
• So the state of California can look at where it’s putting its deposits and look at their CRA evaluations
• for these institutions, and also, when there’s a merger and acquisition, be able to evaluate these institutions

Summary: The Assembly Banking and Finance Committee met to hear several bills, beginning with a consent calendar that included AB 665 and AB 866, both adopted on a do pass basis and referred to Appropriations. The committee then took up AB 801, which would create a California Community Reinvestment Act to require covered financial institutions, including state-chartered banks, credit unions, residential mortgage lenders, and money transmitters, to meet the financial needs of low- and moderate-income communities and communities of color. The author and supporters argued the bill would close gaps left by the federal CRA, address redlining and discriminatory lending, and expand investment in housing, small business, and community development. Support came from community groups, CDFIs, labor, and housing advocates, while opposition from mortgage bankers and credit unions argued the bill would impose costly new reporting and regulatory burdens, especially on institutions they said already serve underserved borrowers well. Committee members discussed the scope of the bill, the experience of other states with state CRA laws, and possible carve-outs or tiered treatment for smaller credit unions. AB 801 was passed as amended and referred to Appropriations, with the roll left open and later completed; one member voted no and others were not voting or voted aye as the roll was finalized. The committee also heard AB 743, which would require licensing and surety bonds for commercial lawsuit financing and bring those transactions under DFPI oversight. The author said the bill was aimed at a largely unregulated, multi-billion-dollar industry and was intended to increase transparency and address concerns about foreign interests, fraud, and abusive litigation funding practices, while not affecting consumer legal funding. Supporters, including Unified Patents, the Civil Justice Association of California, the California Chamber of Commerce, the California Trucking Association, and the American Property Casualty Insurance Association, said the bill was an important first step toward disclosure and regulation. There was no opposition testimony. AB 743 passed unanimously as amended and was referred to Appropriations, with the roll held open briefly for absent members before the committee adjourned.

Transcript Highlights:

• each has an implicit constitutional obligation. to seek optimal accommodation through a realistic evaluation
• would never let anything other than the facts of how someone's performing... and you're into an evaluation
• But I feel like I could give a few examples of why my evaluation of Mr.

Keywords: John Eisenberg, assistant attorney general, national security, China Initiative, Department of Justice, judicial authority, executive actions, nomination hearing

Summary: The committee meeting primarily involved discussions around key nominations and pressing legal issues pertaining to the Department of Justice. Notable discussions included the nomination of John Eisenberg for assistant attorney general for national security, where concerns over the revival of the China Initiative were raised. Senators expressed significant apprehensions regarding previous actions taken under this initiative and its implications for national security. Additionally, there were critiques of the broader implications of executive actions that challenge judicial authority, aligning with ongoing dialogues about the integrity of the judiciary and executive oversight.

Transcript Highlights:

• past few years, JAPAC has received a number of inquiries as to why the process for appointment, evaluation
• the past few years Japsi has received a number of inquiries as to why the process for appointment evaluation
• resides with the administrative law judges, it would seem appropriate that their appointment and evaluation

Summary: The Joint Administrative Procedures Committee heard a presentation from Representative Esposito on a proposal to strengthen oversight of agency rulemaking under Chapter 120. The bill would require cost-benefit analysis at the front end and after implementation, create an eight-year sunset and review process for rules, and require express legislative authority for agency rulemaking. Members questioned the lack of concrete examples of burdensome rules, the effect on already slow rulemaking, the choice of an eight-year sunset, and the bill’s origin; Esposito said she was working with stakeholders and cited her chamber-of-commerce background and research with the Cicero Institute. No vote was taken on the bill itself. Staff then reported on legislatively mandated rulemaking from 2023 and 2024, noting that most required rules had been adopted, proposed, noticed, or scheduled, with a few agencies still outstanding. The Department of Financial Services explained a delayed notice of rule development for the MySafe Florida Home condominium pilot program as an oversight that has since been corrected, and the Department of Education said it did not proceed with rulemaking for the Fostering Prosperity grants because the program received no funding in the 2025 budget. The Department of Health described delayed rulemaking for the sickle cell disease and trait registry, saying the registry and opt-out forms were being implemented and that notices of rule development had now been filed. Members pressed the department on why rules took so long and discussed the need for statutory deadlines. The Department of Children and Families reported on two 2023 human-trafficking-related rules: signage requirements for residential treatment facilities and children’s safe homes, and a new certification process for adult safe homes. DCF said the signage rule is now moving forward and the adult safe home certification rule has been submitted for final review after workshops and stakeholder feedback. Senators questioned the lengthy timeline and the lack of oversight during the interim, while the chair emphasized the need for time-certain deadlines in legislation and for JAPAC oversight hearings. The committee also considered staff-proposed amendments to Chapter 120 addressing emergency rules pending legislative ratification and the process for initiating ratification, including a one-year limit and notice to JAPAC. After discussion, the committee voted to forward the proposed amendments to the Senate President and House Speaker. Finally, members discussed a proposed amendment to the administrative law judge appointment and retention process under Section 120.65. DOAH’s interim director opposed the change, saying ALJs and workers’ compensation judges have different functions and warning against shifting appointment power to cabinet officers whose agencies appear before DOAH. Members raised concerns about timeliness, consistency, and accountability in DOAH decisions. The committee voted to forward this proposal as well, with Senator Smith voting no on that motion.

Transcript Highlights:

• There's also an active study being conducted at OU that is evaluating aluminum and water.
• They would be able to come out and measure your meters or not your meter but your pumps to evaluate if

Keywords: 914, all

Transcript Highlights:

• accountability processes by simplifying local testing calendars, specifying that the value-added evaluation
• accountability processes by simplifying local testing calendars, specifying that the value-added evaluation

Summary: The committee met with a quorum present and first took up SB 124, which updates Florida Virtual School statutes to remove outdated language, clarify governance and funding provisions, authorize a direct support organization, streamline reporting, and clarify district responsibilities for student assessments. Senator Berman asked about the removed enrollment prioritization and reporting changes, and the bill sponsor explained that the reporting was largely duplicative of existing audits and other reports. Florida Virtual School’s representative testified in support, saying the school is open to all students statewide with no enrollment caps or waiting lists. SB 124 was reported favorably by a unanimous roll call vote. The committee then considered confirmation appointments in tabs 3 and 4 and recommended confirmation of all appointees on a single favorable vote. After that, the committee heard SB 320 on administrative efficiency in public schools, which would reduce district mandates, expand teacher apprenticeship and multi-year contracts, create a 10-year renewable professional certificate, simplify testing and accountability rules, increase flexibility for district finances and facilities planning, and shift oversight of district-run VPK programs to school districts. Senators Gaetz and Berman questioned the impact on charter school funding, capital dollars, teacher contracts, and how the bill differed from last year’s version. The sponsor said charter schools would retain access to operational funds, the bill does not eliminate annual audits, and the main substantive change from last year was the multi-year teacher contract provision. Several organizations and district representatives waived in support of SB 320, while Florida Citizens Alliance testified in information, praising some testing and licensure changes but suggesting a cap on multi-year contracts and outside auditing safeguards. The sponsor closed by emphasizing that districts would still be subject to annual audits and that the bill is intended to give schools more flexibility and reduce bureaucracy. SB 320 was reported favorably on a roll call vote, and the committee then adjourned.

Transcript Highlights:

• the science and teacher education program require the commission to develop accountability and an evaluation
• And before we move on, a large part of the amendment comes from the commission on evaluation of services

Bills: SB213, HB24, HB163, HB226, HB271, HB288, HB319, HB24

Keywords: utility tax, poultry industry, energy consumption, agricultural exemption, tax exemption, HB24, Volunteer Rescue Squad Tuition Reimbursement Program, EMS, emergency medical services, EMSP, paramedic training, EMT training, tuition reimbursement, scholarship, workforce development, volunteer rescue squad, volunteer fire department, ambulance service, nonprofit ambulance, Alabama Department of Public Health

Transcript Highlights:

• HB 3475 by Joe Moody relates to the evaluation and reporting of investment practices and performances
• HB 3550 by Joe Moody relating to the evaluation of eligible resources for certain state agencies to support

Keywords: 1184, house, all

Transcript Highlights:

• We've really tried to work hard to evaluate the impacts of this program from the beginning and saw the
• innovation, saw the opportunity, looking at ways to evaluate farmgate impact, to think about program
• But fundamentally what we're looking at here is trying to evaluate a way in which an innovation like
• a way in here is trying to evaluate a way in which<00:23:31.840> these<00:23:32.799> uh
• , consideration of evaluation metrics, consideration of evaluation metrics, this<00:57:04.880>

Keywords: 958, all

Transcript Highlights:

• So, this plan will evaluate, prioritize, and identify strategies for investing in those structures.
• The chancellor said there are numerous ways faculty are evaluated.
• are evaluated. are evaluated.
• Uh, Miss Hmer, if you were to do the change in how you evaluate guideline three, what would that do to
• <01:31:39.520> guideline change in how you evaluate guideline change in how you evaluate guideline

Keywords: 1187, senate, all

Transcript Highlights:

• We've also got a diagnostic lab in the facility as well, which allows us to evaluate potatoes for any
• We've also got a diagnostic lab in the facility as well, which allows us to evaluate potatoes for any
• so as projects mature and are ready in an application cycle, they would come to us and we would evaluate
• them and and uh and we would evaluate them and and enter<01:15:55.040> into<01:15:55.280>
• the us to uh work together on evaluating the requests.<01:18:55.520> Obviously,<01:18:55.920>

Keywords: 1183, house

Transcript Highlights:

• The Criminal Justice Division will evaluate the program's impact and include the results in a statewide
• The Criminal Justice Division will evaluate the program's impact and include the results in a statewide
• House Bill 2101 seeks to assist law enforcement and evaluate unreported gunshots in our communities.
• He said they go through psychological evaluations and physical testing to get into these programs.
• And then we go through a whole bunch of psychological evaluations, and we go through a bunch of physical

Summary: The committee heard testimony on several public safety, criminal justice, and regulatory bills. HB 4995 would create a training and certification program allowing licensed physicians and certain EMS personnel assigned to tactical units to carry firearms during high-risk deployments, with supporters saying it would let tactical medical staff protect themselves while providing immediate care; the bill was left pending. HB 2609 would repeal the failure-to-appear-or-pay/OmniBase license-hold program, with the author and advocates arguing it creates compounding debt and unnecessary barriers to driving, while judges and municipal court representatives said the program is a voluntary, cost-effective tool that improves court appearances and reduces warrants; the bill was also left pending. HB 4879 would create a grant program to help local law enforcement pay for lab testing of suspected hemp/Delta-9 THC substances, and HB 5436 would let licensed auto recyclers buy certain untitled vehicles for scrap or parts to curb illegal sales, VIN cloning, and chop shops; both measures were left pending after brief testimony in support. The committee also heard HB 1777, which would require a discrete designation on driver’s licenses and state IDs for people required to register as sex offenders. The author and supporters argued the marker would help law enforcement and businesses quickly identify potentially dangerous offenders and prevent harm, while opponents called it a stigmatizing “scarlet letter” that would increase harassment, family harm, and reintegration barriers. The bill was left pending. HB 4155 would create a two-year Family Violence Criminal Homicide Prevention Task Force in the Governor’s Office to study family violence homicides, gather stakeholders, and recommend policy changes; the author, HHSC, the Texas Council on Family Violence, and a survivor testified in support, and the bill was left pending. The committee also heard HB 4514, which would authorize DPS to use facial image verification, with consent and privacy safeguards, to help businesses confirm identities and combat fraud; supporters from the lumber and identity-verification industries said it would reduce theft and fraud, and the bill was left pending. Finally, HB 5139 would clarify that peace officers and jailers are justified in using less lethal force weapons when acting within training and official duties; law enforcement groups supported the measure as a way to encourage use of less lethal tools without fear of prosecution, and testimony was underway when the transcript ended.

Transcript Highlights:

• We trust that the PUC's final orders will provide guidance on how to evaluate the fuels used and energy
• From a policy perspective, this means that all technologies must be evaluated individually, an approach
• From a policy perspective, this means that all technologies must be evaluated individually, an approach
• From a policy perspective, this means that all technologies must be evaluated individually, an approach
• From a policy perspective, this means that all technologies must be evaluated individually, an approach

Keywords: 1187, senate, all

Transcript Highlights:

• He told me that part of the presentation, when we got to the final four, he was evaluated and one of
• partnering with the folks out of Madison that have been doing... of Madison that have been doing evaluative

Bills: HB447, HB447

Keywords: HB447, school buses, student transportation, public schools, local boards of education, dual enrollment, career technical education, CTE, community college, trade school, technical college, offsite educational venues, student access, transportation policy, school bus law, Alabama education law, Montgomery County, probate court, judge of probate, will registration

Transcript Highlights:

• Senate Bill 1143 by Blanco relates to certain planning notification evaluation requirements with respect
• Senate Bill 1143 by Blanco relates to certain planning notification evaluation requirements with respect

Bills: SJR36, SB26, SJR3, SJR48, SJR50, SJR51, SCR15, SCR17, SB3, SB5, SB12, SB18, SB1001, SB1002, SB1003, SB1004, SB1005, SB1006, SB1007, SB1008, SB1009, SB1010, SB1011, SB1012, SB1013, SB1014, SB1015, SB1016, SB1017, SB1018, SB1019, SB1020, SB1021, SB1022, SB1023, SB1024, SB1025, SB1026, SB1027, SB1028, SB1029, SB1030, SB1031, SB1032, SB1033, SB1034, SB1035, SB1036, SB1037, SB1038, SB1039, SB1040, SB1041, SB1042, SB1043, SB1044, SB1045, SB1046, SB1049, SB1050, SB1051, SB1052, SB1053, SB1054, SB1055, SB1056, SB1057, SB1058, SB1059, SB1060, SB1061, SB1062, SB1063, SB1064, SB1065, SB1066, SB1067, SB1068, SB1069, SB1070, SB1071, SB1072, SB1073, SB1074, SB1075, SB1076, SB1077, SB1078, SB1079, SB1080, SB1081, SB1082, SB1083, SB1084, SB1085, SB1086, SB1087, SB1088, SB1089, SB1090, SB1091, SB1092, SB1093, SB1094, SB1095, SB1096, SB1097, SB1098, SB1099, SB1100, SB1101, SB1102, SB1103, SB1104, SB1105, SB1106, SB1107, SB1108, SB1109, SB1110, SB1111, SB1112, SB1113, SB1114, SB1115, SB1116, SB1117, SB1118, SB1119, SB1120, SB1121, SB1122, SB1123, SB1124, SB1125, SB1126, SB1127, SB1128, SB1129, SB1130, SB1131, SB1132, SB1133, SB1134, SB1135, SB1136, SB1137, SB1138, SB1139, SB1140, SB1141, SB1142, SB1143, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1150, SB1565

Keywords: teacher compensation, education funding, public school educators, teacher retention, teacher designation, dementia, Alzheimer's disease, Parkinson's disease, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, severance tax, oil and gas, Texas STRONG fund, economic stabilization, public health, property tax relief

Transcript Highlights:

• not it addresses anticipated funding needs through the next decade, so through the 2030s, and also evaluate
• Through the next decade, so through the 2030s, and also evaluate deferred maintenance and replacement
• All of this would be evaluated and reviewed in the preliminary engineering report, which is the next
• So that's all part of the process to evaluate that discharge corridor. We're not there yet.
• The county paid on their own to do the evaluation of the Long Lake Creek and the Kidder County issues

Summary: The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information. The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand. A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability. The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.

Transcript Highlights:

• We can talk about the pressures of upcoding, not only the evaluation and management code, but upcoding
• <00:45:50.880> and<00:45:51.200> management<00:45:51.920> code uh evaluation
• and management code uh evaluation and management code but<00:45:54.000> upcoding<00:45:54.800
• Senate Bill 201, an act relating to Medicaid coverage for evaluation and management services.
• <01:23:21.840> and<01:23:22.159> management coverage for evaluation and management

Keywords: 958, all

Summary: The Senate convened with prayer, the pledge, and roll call, establishing a quorum with 33 members present. The chamber approved the prior journal, excused absent senators, welcomed viewers, and received House messages announcing passage of House Bill 253, House Bill 436508, and House Concurrent Resolution 44 for concurrence. New filings were also reported: Senate Bill 197 on economic development and Senate Joint Resolution 99 designating the Destiny Brewer Memorial Highway in Martin County. The main floor action centered on Senate Bill 72, a measure on recruitment and retention of health care professionals and declaring an emergency. The bill’s sponsor argued it would protect health care workers’ conscience rights, improve recruitment and retention, and address provider shortages and corporate pressures in medicine, while emphasizing that emergency care would still be required under federal law. Supporters said the bill would protect providers from being forced to participate in procedures that violate their moral or religious beliefs and cited examples from other states and physicians who had left practices over conscience concerns. Opponents argued the bill’s language was too broad and could allow denial of non-emergency care based on vague moral, ethical, or religious objections, potentially harming patients in health care deserts and sending the wrong message about caring for all people. One senator raised a hypothetical about racial discrimination under the bill’s definitions, while supporters responded that the bill was intended to protect providers and patients and that existing professional ethics and hospital policies would prevent abuse. Additional supporters said the measure would not deny basic care and would help keep physicians in the state. The bill was still under debate at the end of the excerpt, with questions and responses continuing; no final vote or disposition on Senate Bill 72 is shown in the transcript provided. Other bills reported from second reading were referred to the Rules Committee for further action, and Senate Bill 69 was passed over and retained its place on the orders of the day.

Transcript Highlights:

• He said they requested the RFPs to evaluate whether there are any other providers out there that might
• requested the RFPs, you know,<00:22:18.880> just<00:22:19.039> to<00:22:19.200> evaluate
• whether or not know, just to evaluate whether or not there<00:22:20.240> are<00:22:20.320>
• We have two of the bigger ones mentioned here, but they are by no means the only constant re-evaluations
• uh, re-evaluations and changes that<00:30:31.039> we<00:30:31.200> are<00:30:31.360>

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.

Transcript Highlights:

• Line 15 is the biosolids and sewage sludge technical evaluation panel report.
• bioolid and sewage<00:08:25.840> sledge<00:08:26.240> technical<00:08:26.720> evaluation
• <00:08:27.280> panel sewage sledge technical evaluation panel sewage sledge technical evaluation
• It requires the department to conduct rulemaking and directs them to conduct a study to evaluate the
• c><00:43:12.000> to directs them to conduct a study to directs them to conduct a study to evaluate

Keywords: 919, house, all

Summary: The Agriculture Conference Committee met for an initial organizational and comparison session on House File 2446, the agriculture broadband and rural development bill. Members introduced themselves, noted that no conference target had yet been set, and agreed to begin with a side-by-side review of House and Senate positions. No oral testimony was taken; instead, the chair listed written testimony submitted by a wide range of agricultural, environmental, local government, food bank, and industry groups. Nonpartisan fiscal staff walked through the major funding differences. Both bills included some shared items such as operating adjustments, wolf and elk damage compensation, and certain technical changes, but they differed on several major appropriations. The House generally proposed larger increases for meat inspection, local food purchasing, and the Board of Animal Health, and added items such as county inspector grants, biofertilizer innovation, a biosolids/PFAS-related study, a soil health study, broadband installation study funding, an Agri Works program, an Agri Support program, a milk grant program, and several House-only transfers and grants. The Senate included items such as a climate coordinator position, biofuel-related reductions and policy changes, livestock processing funding, farm-to-school and urban agriculture changes, MARL funding, cottage foods licensing updates, and several Senate-only pass-through grants and transfers. Staff also noted differences in the agriculture emergency account transfer approach and in how the two bodies handled the Second Harvest Heartland and related food distribution provisions. House Research then reviewed the policy language differences in the bill. The House language included provisions allowing more flexible use of grant administration funds, unpaid prior-year claims, county inspector grants, and updates tied to its own policy article, while the Senate language included the climate coordinator, PFAS-related commercialization language, cooperative development grant permissive language, and other Senate policy changes. The committee did not take any votes or final actions at this meeting; the session was informational and focused on identifying differences for later negotiation.

Transcript Highlights:

• so that and asked for all of our options so that we<00:39:20.640> could<00:39:20.760> evaluate
• the<00:39:21.360> lowest<00:39:21.760> cost<00:39:22.080> for we could evaluate
• And so, anytime you evaluate replacing or retiring an asset, you do it based on the economics of what
• <00:51:09.720> so,<00:51:10.200> anytime<00:51:10.760> you<00:51:10.880> evaluate
• <00:51:11.880> replacing And so, anytime you evaluate replacing And so, anytime you evaluate

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:28 Introduction of Guests 00:02:08 American Electric Power and Kentucky Power Presentation 00:03:31 SB 89 Discussion 00:53:55 SB 89 Roll Call Vote 01:07:46, 958, all

Summary: The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky. Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky. Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.

Transcript Highlights:

• 00:05:05.360> and against financial documentation and against financial documentation and evaluation
• evaluation for performance outcomes. evaluation for performance outcomes.
• If an individual is not trained to provide that type of restraint and they do so anyway, we would evaluate
• 00:41:25.119> anyway,<00:41:25.599> we<00:41:25.839> would<00:41:26.079> evaluate
• they do so uh anyway, we would evaluate they do so uh anyway, we would evaluate it<00:41:26.800>

Bills: HF4210, HF4212, HF4549, HF4464, HF4546, HF4447

Keywords: senior nutrition, older adults, aging services, home-delivered meals, congregate dining, meal delivery, grocery delivery, food insecurity, nutrition support, area agencies on aging, Minnesota Board on Aging, human services, special revenue fund, nonprofit grants, SNAP outreach, medically tailored meals, rural nutrition, food access, transportation services, elderly