HomeMy Public PortalAbout08-31-2009 MEETING OF RICHMOND COMMON COUNCIL
AS BOARD OF DIRECTORS OF RICHMOND POWER AND LIGHT
AUGUST 31, 2009
The Board of Directors of Richmond Power and Light met Monday,August 31,2009 in the
Large Conference Room at the Service Building. Chairperson Philip Quinn called the meeting to
order at 7:00 p.m. Member's present was Clayton Miller,Jack Elstro,Bruce Wissel,Larry Parker,
111 Kelley Cruse-Nicholson, Bing Welch, Bob Goodwin and Chairman Quinn. Diana Pappin was
absent.
Attending from Richmond Power and Light were,Randy Baker, Susan Williams,Harry Phillips and
General Manager Steve Saum. Also in attendance was Mr. Raj Rao, President of the Indiana
Municipal Power Agency, and Bob Witherspoon, a citizen of Richmond.
The Board of Directors was given an overview of the PJM market by General Manager
Saum. It was discussed that the generation market changes constantly each day and that IMPA has
employees that monitor costs 24 hours a day, 7 days a week, 365 days a year. They relay to RP&L
what the cost is on the open market and then it is decided if RP&L will generate. Steve Saum told
the board that$41.00 a MWh is break even point for RP&L to generate.If costs on the open market
are more than $41.00 MWh, RP&L will generate, if less, they will purchase power from the PJM
Market. Mr. Saum then turned the meeting over to Mr. Raj Rao.
Steve Saum told Mr.Rao that they would like to discuss the contract with IMPA and RP&L
concerning the Landfill Gas project. It appears that the IMPA contract is not conducive to
renewable energy and wants discussion as to adjusting the contract. Over a million dollars has been
invested in this project and a new cell will be opening allowing for generation of 1-1 1/z MW.
Concession on the IMPA contract is needed to make this project worthwhile. Mr.Raj told the board
that when RP&L makes money; IMPA makes money. When RP&L looses money; IMPA loses
money. He would like to see the Landfill project be successful but there just isn't enough generation
there for IMPA to be interested in.
Several options were discussed with the Board and it was decided that Mr. Rao and Mr.
Saum will get together discuss these options,investigate other options,and then make a presentation
to the Board at a later date in September.
With no further business to discuss Chairperson Philip Quinn adjourned the meeting
at 8:26 p.m. Tapes of this Board meeting are on file.
h Quinn, Chair
Attes
Karen Chasteen, IAMC, MMC
City Clerk