HomeMy Public PortalAbout02-03-2014 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
FEBRUARY 3, 2014
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. February 3,
2014 in the Council Chambers of the Municipal Building in said City. Chairperson Winget presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Don Winget,
Larry Parker, Misty Hollis, Ron Oler and Phil Quinn.
Also present were: James French, General Manager; Walt Chidester, City Attorney; Karen Chasteen, City
Clerk; Media and Sergeant-at-Arms.
APPROVAL OF MINUTES:
Mr. Miller moved to approve the minutes of the meeting held January 21, 2014, supported by Ms. Hollis.
Upon a vote viva voce, the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee, Ms. Hollis moved to approve the following bills for
payment, supported by Mr. Parker. Upon a vote viva voce,the motion passed.
Bills Already Paid:
Payroll and Deductions 325,647.04
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 142,900.63
Telecom. Div. Misc. Pre Paid Invoices: 14,040.35
EFT/Direct Deposit of Payroll: 188,022.63
EFT Transfers: 315,072.91
Total Bills Not Paid: 192,025.59
Grand Total: $ 801,663.89
111 STREET LIGHT COMMITTEE: None
OLD BUSINESS: None
NEW BUSINESS:
• AUTHORIZATION TO PURCHASE SUBSTATION MEGGER TEST EQUIPMENT:
Mr. Parker moved to authorize the General Manager to purchase a Megger SMRT 36 with the
base price of Fifty Three Thousand Two Hundred Thirty Dollars and zero cents ($53,230.00) as
approved in the budget, supported by Mr. Quinn. Upon a vote viva voce, the motion carried.
REPORT BY GENERAL MANAGER:
• INDIANA ENERGY ASSISTANCE PROGRAM:
Community Action of East Central Indiana did not forward approximately One Hundred Thirty
Thousand Dollars ($130,000) paid to them by Indiana Housing & Community Development from
2008-2010 for the Energy Assistance Program. Since 2010, the IHCDA has directed the funds to
RP&L. Several payment arrangements have been signed, but no payments have been made.
The General Manager will continue to work with CAECI to remedy this situation.
• Mr. French publicly recognized the efforts of the employees at the Whitewater Generating Station
during the sever weather in January.
• There was 15 days of generation in January which netted approximately $3m. This was not
budgeted.
• Re Whitewater Valley Generating Station — until this time, RP&L has focused on three areas —
producing energy with natural gas; continue with coal; and, install the necessary devices to
control emissions. A fourth option has been presented by the Indiana Municipal Power Agency
and that is a market based contract. Mr. French will continue discussions and report to the
Board.
• Richmond Power and Light is not for sale - it is heavily vested in the community by the
employees and the company.
MISCELLANEOUS BUSINESS:
RP&L—Board of Directors Minutes
February 3,2014
Page 2
None
ADJOURNMENT:
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.