Linda K. Breathitt has been a member of the Board of Directors of Delta Natural Gas Company, Inc., as well as a member of the Audit Committee of the Board, since 2007. Ms. Breathitt’s current Board term expires at Delta’s annual meeting of shareholders in November, 2013.
On May 11, 2012, Governor Steve Beshear announced the appointment of Ms. Breathitt as a Commissioner of the Kentucky Public Service Commission, effective May 21, 2012. The Kentucky Public Service Commission exercises regulatory authority over Delta’s retail natural gas distribution and transportation services, including approving the rates Delta is permitted to charge its regulated customers.
Due to her appointment to the Public Service Commission, Ms. Breathitt has indicated that she will resign from Delta’s Board of Directors. She will present her resignation to Delta’s Board at the Board’s regular quarterly meeting to be held on May 17, 2012. Her resignation will be effective May 18, 2012.
Kentucky law and Delta’s By-Laws permit any vacancy occurring in the Board of Directors to be filled by a vote of the remaining Directors.