HomeMy Public PortalAbout08-03-2009 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
MONDAY, AUGUST 3, 2009
The Board of Directors for Richmond Power& Light Plant met in regular session at 7 p.m. August 3, 2009
in the Council Chambers in the Municipal Building in said City. Chairperson Quinn presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Larry Parker,
Diana Pappin, Bob Goodwin and Phil Quinn. Absent was Bing Welch.
Also present were: General Manager, Steve Saum; City Attorney, Walt Chidester; City Clerk, Karen
Chasteen.
APPROVAL OF MINUTES:
Mr. Saum asked the July 6 minutes reflect the savings in insurance was$46,000 for all insurance, not just
vehicles. Mr. Parker moved to approve the minutes of the meeting held July 6, 2009 as amended,
supported by Mr. Miller. 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 324,184.32,
Investments Purchased From:
Depreciation Reserve Fund 8,905,000.00
Consumer Deposit Fund 450,000.00
Insurance Reserve Fund 1,332,000.00
Bond Reserve Fund 400,000.00
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 313,321.45
Telecom. Div. Misc. Pre Paid Invoices: 44,974.29
EFT/Direct Deposit of Payroll: (121,037.54)
EFT Transfers: 113,648.07
Total Bills Not Paid: 274.838.30
Grand Total: $12,036,928.89
STREET LIGHT COMMITTEE: None
OLD BUSINESS: None
NEW BUSINESS:
• Landfill lease agreement modification between RP&L and Richmond Sanitary District:
Copies of this agreement were distributed to the Board for review. There will be continued
discussion re this matter at the August 17 meeting.
• The Coal Contract is still being negotiated.
• Indiana Municipal Power Agency Capacity Purchase Agreement — 6th Amendment: Mr.
Saum will schedule a meeting with IMPA on August 31 for all Board members to attend.
• Five-year Plan: The RP&L staff has been working on the plan and wants to include Board
vision. The Board will forward ideas to Mr. Saum.
REPORT BY GENERAL MANAGER:
• Generation has been low due to an unusually cool summer.
• COPE Environmental Center produced a program with RP&L entitled "Environmentally Speaking"
• The Indiana Department of Environmental Management has issued a Title V permit to RP&L for
2010-2014.
• There will be discussion on loan payments at the August 17 meeting.
• Mr. Saum has copies of his appearance on C-Span available for viewing.
MISCELLANEOUS BUSINESS:
RP&L—Board of Directors Minutes
August 3,2009
Page 2
None
ADJOURNMENT:
There being no further business and a motion duly made, the meeting was adjourned.
it Quinn, Chairperson
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk