HomeMy Public PortalAbout05-13-2014 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
MAY 13, 2014
The Board of Directors for Richmond Power& Light Plant met in regular session at 7 p.m. May 13, 2014
in the Council Chambers of the Municipal Building in said City. Chairperson Winget presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Bruce Wissel, Clay Miller, Don Winget, Larry Parker, Misty Hollis,
Ron Oler and Phil Quinn. Absent was Clay Miller and Kelley Cruse-Nicholson.
Among those present were: James French, General Manager; Kenyatta Cox, Assistant City Attorney;
Maria Beelor; David Stidham; Amy Holthouse, Chamber of Commerce; Valerie Shafer, Wayne County
Economic Development; Mike Elstro, Gus Duke, Brent Wolfe, Russell Davis; Nick Wilson; Jeff Raatz; Raj
Rao, President and CEO of the Indiana Municipal Power Agency; Jack Alvey, Sr. Vice President of
Generation for the Indiana Municipal Power Agency; Media and Sergeant-at-Arms.
DISCUSSION RE THE INDIANA MUNICIPAL POWER AGENCY/RICHMOND POWER AND LIGHT
AGREEMENT
This meeting was a public forum to discuss the needs and benefits of transferring the operation,
employees and cost of Richmond Power and Lights generation (Whitewater Valley Generating Station)to
the Indiana Municipal Power Agenda. IMPA would invest$10-15 million to allow the Station to meet new,
more stringent environmental regulations. IMPA's responsibility will be to staff the plant and make
improvements to the plant. This agreement will provide all IMPA members 100 megawatts at a hedge
price.
Valerie Shafer, Economic Development Corporation; Bill Quigg, Richmond Baking Company; Nick Wilson
and, David Stidham asked questions of the Board.
There being no further business and a motion duly made, the meeting was adjourned.
Don Winget, Chairperson
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk
A recording of this meeting is on file in the Office of the City Clerk.