HomeMy Public PortalAbout10-04-2010 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
OCTOBER 4, 2010
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. October 4,
2010 in the Council Chambers in the Municipal Building in said City. Chairperson Welch presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Bing Welch,
Larry Parker, Diana Pappin, Bob Goodwin and Phil Quinn.
Also present were: General Manager Steve Saum; City Attorney Walt Chidester and City Clerk Karen
Chasteen.
APPROVAL OF MINUTES:
Mr. Parker moved to approve the minutes of a special meeting held September 20, 2010 and the
regularly scheduled meeting held September 20, 2010, supported by Ms. Pappin. Upon a vote viva voce,
the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee, Ms. Pappin moved to approve the following bills for
payment, supported by Mr. Goodwin. Upon a vote viva voce, the motion passed.
Bills Already Paid:
Payroll and Deductions 318,938.96
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 140,253.12
Telecom. Div. Misc. Pre Paid Invoices: 43,729.23
EFT/Direct Deposit of Payroll: 121,088.11
EFT Transfers: 83,516.66
Total Bills Not Paid: 523.989.98
• Grand Total: $989,339.84
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• BIB OPENING:
Mr. Parker moved to accept and place on file the Proof of Publication as presented by Mr. Saum.
This motion was supported by Mr. Miller. Upon a vote vive voce, the motion passed.
The following bid was opened for a new trencher for the Line Department, to replace a 1991
Ditchwitch trencher, as previously approved in the budget.
Ditchwitch Midwest- $45,124.00 (Optional trailer$10,750.00 and trade-in of$3,500.00)
Mr. Wissel Moved to refer the bids to the General Manager for tabulation, evaluation and
recommendation, supported by Ms. Cruse-Nicholson. Upon a vote vive voce, the motion
passed.STATE WIDE DEMAND SIDE MANAGEMENT UPDATE:
Mr. Saum met with the Indiana Municipal Power Agency representatives. The Third and Fourth
parties have been contracted and will begin services the first quarter of 2011. Richmond Power
and Light customers will pay approximately $12.5 million over the next three years for this
service. Mr. Saum encouraged all customers to utilize the available energy audit.
NEW BUSINESS:
• Mr. Quinn reported on a meeting with Rich Cody of Parallax. Parallax is on track for a profit in
2010. There was some discussion of a Data Building in Wayne County. There will be additional
information at a later date.
REPORT BY GENERAL MANAGER:
• There is no generation at the present time
• Coal shipments have been postponed
• The budget process is proceeding well
• The methane gas agreement with the City of Richmond has been completed
RP&L—Board of Directors Minutes
October 4,2010
Page 2
MISCELLANEOUS BUSINESS:
ADJOURNMENT:
There being no further business and a motion duly made, the meeting was adjourned.
g Welc , Chairpers n
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk