HomeMy Public PortalAbout10-17-2005 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER & LIGHT PLANT
MONDAY, OCTOBER 17, 2005
The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of
the Richmond Power & Light Plant met in regular session at 7 p.m. Monday, October 17, 2005 in the
Council Chambers in the Municipal Building in said City. Chairperson Welch presided.
ROLL CALL: Present were: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Karl Sharp, Bing Welch,
Larry Parker,Al Glover, Diana Pappin and Gil Klose.
APPROVAL OF MINUTES: Board member Wissel moved to approve the minutes of the meeting held
October 3, 2005. Board member Parker seconded. The motion carried with a unanimous voice vote.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS: Upon recommendation of the Finance
Committee, Board member Pappin moved to approve the following bills for payment with a second by
Board member Klose. The motion carried with a voice vote.
Bills Already Paid:
Payroll and Deductions $ 279,372.03
Investments Purchased From:
Depreciation Reserve Fund 6,015,432.43
Cash Reserve Fund 356,618.00
Total $6,372,050.43
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 257,650.44
Telecom. Div. Misc. Pre Paid Invoices: 10,415.69
Total Prepaid Invoices: $6,919,488.59
Total EFT/Direct Deposit of Payroll: (99,905.301
Total Prepaid Invoices: $6,819,583.29
Total EFT Transfers: 432,187.14
Total Prepaids plus EFT Transfers: $7,251,770.43
Total Bills Not Paid: 759,708.72
Grand Total: $8,011,479.15
STREET LIGHT COMMITTEE: None
NEW BUSINESS:
• General Manager Osburn requested authority to proceed with the construction of a new
substation to accommodate the expansion of the Johns Manville facility on Richmond Avenue.
The estimated cost will be$2.5-3 million.
Board member Parker moved to approve the Customer Service Agreement as presented with a
second by Board member Wissel. The motion carried with a unanimous voice vote.
Board member Parker moved to move forward with a turn-key operation. There was a second by
Board member Pappin. The motion carried with a unanimous voice vote.
REPORT BY GENERAL MANAGER:
• The Whitewater Generating Station project is proceeding as scheduled.
• Re allowances: The current SO2 price is $955 and the cost of NOx is $2,700.
• All of the North 36th and Elm Street services have been transferred and the substation has been
removed.
RP&L—Board of Directors Minutes
October 17,2005
Page 2
• There will be a Budget meeting on October 24 at 7 PM at RP&L.
• The Uptown network has been totally converted. There are no longer underground transformers.
ADJOURNMENT:
There being no further business,the meeting was adjourned.
S/S Bing Welch
Bing Welch, Chairperson
S/S Karen Chasteen
ATTEST: Karen Chasteen, Clerk