HomeMy Public PortalAbout1RICHMOND POWER AND LIGHT BOARD OF DIRECTORS
RESOLUTION 1 - 2001
A RESOLUTION AUTHORIZING THE TRANSFER/ALLOCATION
OF FUNDS FOR TELECOMMUNICATION SERVICE
WHEREAS,
in response to a Petition filed by Richmond Power and Light, the Indiana Utility
Regulatory Commission has authorized Richmond Power and Light to provide
telecommunication sen'ice; and
WHEREAS, a Telecommunication Business Plan has been prepared for the Board of Directors
of Richmond Power and Light; and
WHEREAS,
pursuant to such Plan, a sum of Two Million Seven Hundred Thousand Dollars
($2,700,000.00) may be necessary for the implementation of telecommunication
service as allowed by the IURC order; and
WHEREAS, although operated as a division of Richmond Power and Light, the
telecommunication service must be kept separate and apart from the electrical
services of Richmond Power and Light, thereby requiring separate accounting for
funds associated therewith.
NOW, THEREFORE, BE IT RESOLVED, the Richmond Power and Light Board of Directors
that the sum of Two Million Seven Hundred Thousand Dollars ($2,700,000.00) be set aside for
use to provide telecommunication services, which sum and the expenditures therefrom shall be
kept separate and apart from the existing operations of Richmond Power and Light.
assed and adopted this I~ ~ay 2001, by the Richmond Power and Light
Board of Directors.
Phillip Dickman, Chairman
Paul Combs
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