HomeMy Public PortalAbout05-04-2015 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
MAY 4, 2015
The Board of Directors for Richmond Power & Light Plant met in regular session at 7:00 p.m. May 4,
2015, in the Council Chambers of the Municipal Building in said City. Chairperson Quinn presided.
ROLL CALL:
Board members present were Doug Goss, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Don
Winget, Larry Parker, Misty Hollis, Ron Oler and Phil Quinn.
Also present were: Randy Baker, General Manager; Walt Chidester, City Attorney; Karen Chasteen, City
Clerk; Ron Deane; Police Chief Mark Connery; Diana Pappin; Denise Bullock; Media; and, Sergeant-at-
Arms.
APPROVAL OF MINUTES:
Mr. Parker moved to approve the minutes of the Regular Meeting held April 20, 2015, supported by Mr.
Miller. Upon a vote viva voce,the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee, Mr. Winget moved to approve claims for payment in
the amount Four Hundred Sixty Seven Thousand Five Hundred Thirty Thousand Dollars and eighty nine
cents($467,530.89)supported by Ms. Hollis. Upon a vote viva voce, the motion passed.
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• OPEN BIDS FOR A NEW 70 FOOT ARBORIST BUCKET TRUCK
Parker moved to accept and file the Proof of Publication as presented, supported by Mr. Winget.
Upon a vote viva voce, the motion carried.
Bids were received as follows:
Utility Truck Equipment - $176,580.00 (no trade in listed)
Altec Equipment, North Carolina - $115,992.00(includes$41,000 trade in)
Mr. Miller moved to refer to the General Manager for due process.
NEW BUSINESS: None
REPORT BY GENERAL MANAGER:
• BUDGETING PROCESS— Mr. Baker has contacted other utilities and found most have a similar
process. There are some differences, i.e., dealer's quote retail — not government, which would
account for large discrepancies in quotes versus bids.
• CHAMBER OF COMMERCE POSITION STATEMENT re the business community concerns
relative to the rate structure.
RP&L—Board of Directors Minutes
May 42015
Page 2
Mr. Quinn read the following reply:
The Richmond Power and Light(RP&L) Energy Cost Adjustment(ECA) has now begun to level
out. The first and second quarters of 2015 show only slight movement in the numbers with
Industrial KW and KVA demand charges showing a slight drop. Estimates for the third quarter of
2015 are expected to be stable as well. Generation costs at the RP&L Whitewater Valley
generation station into the Pennsylvania New Jersey Massachusetts(PJM) power market that
caused abnormal swings in the ECA have now ceased. Future changes in the quarterly ECA now
originate solely in the wholesale market.
The utility has begun work on a five year plan that will be driven by the change from generation
and distribution to distribution alone, as well as the changing environment within the wholesale
market. Any changes to rate structures of a regulated utility are governed, and approved by the
Indiana Utility Regulatory Commission (IURC).
Ms. Hollis moved to approve, supported by Mr. Parker. Upon a vote viva voce, the motion
carried.
MISCELLANEOUS BUSINESS:
• A Candidate review of the Plant is scheduled for June 12, 3:00 pm.
ADJOURNMENT:
There being no further business and a motion duly made,the meeting was adjourned.
hil Quinn, airpe on
TTEST: Karen Chasteen, IAMC, MMC
City Clerk
A recording of this meeting is on file in the Office of the City Clerk.
8.-hpl/minutes/2015/May 4.docx