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South Dakota Energy Infrastructure Authority (SDEIA) Presented at the South Dakota Legislative Energy Briefing Wednesday, January 18, 2006. SDEIA. Created by the South Dakota Legislature in the 2005 session Codified at South Dakota Codified Laws Chapter 1-16I. SDEIA. Presentation Overview

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South DakotaEnergy Infrastructure Authority(SDEIA)Presented at the South Dakota Legislative Energy BriefingWednesday, January 18, 2006


Sdeia
SDEIA

  • Created by the South Dakota Legislature in the 2005 session

  • Codified at South Dakota Codified Laws Chapter 1-16I


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SDEIA

Presentation Overview

  • Brief summary of the legislative intent

  • Authority actions required by the legislation

  • Administration


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SDEIA

Legislative Intent

  • Created to diversify and expand the state’s 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


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SDEIA

Legislative Intent

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


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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


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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.


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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


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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


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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


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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


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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.


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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


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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.


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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.


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SDEIA

Administration

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


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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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