HomeMy Public PortalAbout05-17-2010 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER& LIGHT
MAY 17, 2010
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. May 17, 2010 i 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 the meeting held May 3 and Special Meeting on April 26, •010,
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 pay ent,
supported by Mr. Goodwin. Upon a vote viva voce,the motion passed.
Bills Already Paid:
Payroll and Deductions 316,175.22
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 131,293.09
Telecom. Div. Misc. Pre Paid Invoices: 65,810.35
EFT/Direct Deposit of Payroll: 123,572.38
EFT Transfers: 3,791,709.00
Total Bills Not Paid: 315.983.63
Grand Total: $4,497,398.91
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• AWARD BID: Architectural Study for Richmond Power&Light Business Center
Mr. Wissel moved to accept the Proof of Publication as presented by Mr. Saum, supported by Mr. Parker.
Upon a vote viva voce,the motion passed.
Mr. Saum recommended Lorenz Williams Clinton be awarded the bid in the amount of Three Thou and
Dollars and Zero Cents ($3,000.00) for a survey of existing building and conceptual drawing. Mr. iller
moved to approve awarding this bid as recommended by Mr. Saum, supported by Ms. Cruse-Nicho son.
Upon a vote viva voce,the motion passed.
• Messrs. Wissel and Quinn accompanied RP&L representatives on a trip to the Eastern Kentucky "g -en"
generating station. A report is forthcoming.
NEW BUSINESS: None
REPORT BY GENERAL MANAGER:
• A Parallax update will be June 7.
• The tree trimming program is showing results with the lowest amount of power outages on record in r:cent
months.
• Due to mild weather, RP&L is still not generating,
• The Prime Group will be doing a rate study—this is done every five years.
• The Exit Interview for the annual State Board of Accounts audit will be June 10.
• First Merchants Bank is interesting is reviewing the possibility of investing RP&L funds.
• A copy of the updated Cap and Trade(American Power Act)was distributed to the Board.
MISCELLANEOUS BUSINESS: None
ADJOURNMENT:
There being no further business and a motion duly made,the meeting was adjourned.
Bing Welch, Chairperson
s J`
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk