HomeMy Public PortalAbout09-07-2010 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
SEPTEMBER 7, 2010
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. September 7,
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 Joyce Carr, City
Clerk's Office.
APPROVAL OF MINUTES:
Mr. Parker moved to approve the minutes of the meeting held August 16, 2010, supported by Mr. Wissel.
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 649,600.83
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 429,453.67
Telecom. Div. Misc. Pre Paid Invoices: 56,382.12
EFT/Direct Deposit of Payroll: 249,665.65
EFT Transfers: 199,708.12
Total Bills Not Paid: 357,303.85
Grand Total: $1,442,782.94
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• RESOLUTION NO. 3-2010 - A RESOLUTION APPROVING RICHMOND POWER AND LIGHT
DEPOSITORY INSTITUTION INVESTMENT LIST
This Resolution would allow Richmond Power and Light to solicit local financial institutions to
invest funds. Mr. Wissel moved to approve, supported by Mr. Miller.
• INDIANA UTILITY REGULATORY COMMISSION DEMAND RESPONSE: There was some
discussion but nothing major at this time.
• STATEWIDE DEMAND SIDE MANAGEMENT: RP&L should know the third and fourth party
administrators in the next week or so.
• ENERGY FROM WASTE: Still investigating possibilities. The Indiana Municipal Power Agency
agreed to terminate the contract with RP&L if it pursues generating energy from waste.
NEW BUSINESS: None
REPORT BY GENERAL MANAGER:
• Due to mild weather, there has been no recent generation.
MISCELLANEOUS BUSINESS:
• The following meetings are scheduled for the proposed 2011 budget:
October 18—Proposed Budget presented to the Board
November 8—Meeting for Board to discuss proposed budget
November 22—Continue discussion if necessary
December 6 - Budget Adoption Meeting
• The preliminary work is complete for the Building Study. There will be a meeting September 27
at 6 pm at RP&L to discuss
ADJOURNMENT:
RP&L—Board of Directors Minutes
September 7,2010
Page 2
There being no further business and a motion duly made, the meeting was adjourned.
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ATTEST: Karen Chasteen, IAMC, MMC
City Clerk