HomeMy Public PortalAbout01-21-1997 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, JANUARY 21,1997
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of the
2 Richmond Power & Light Plant met in regular session at 7 p.m. Monday, January 21, 1997, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Bing Welch presided with the following
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Geneva
5 "Gene"Allen,Alan Stamper, Bob Dickman and Larry Parker. The following business was had to-wit:
6
7 APPROVAL OF MINUTES
8
9 The minutes of the special meeting and regular meeting of January 6, 1997 were approved on a motion by
10 Councilmember Hutton,second by Councilmember Allen and the motion was carried on a unanimous voice vote.
11
12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills for
15 payment,seconded by Councilmember Lundy and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 241,698.69
19
20 Investments Purchased From:
21 Cash Operating Fund
22 Bond Sinking Fund
23 Utilty Bond Reserve Fund
24 Depreciation Reserve Fund 4,642,659.02
25 Insurance Reserve Fund
26 Consumer Deposit Fund 263,419.67
27 Cash Reserve Fund
28 Graup Insurance Fund
29
30 Total Investments 4,906,078.69
31
32 Payment to City in lieu of taxes: 1,976,760.00
33
34
35 Transfer from Cash Operating Fund to:
36 Depreciation Reserve Fund
37 for Property&Plant
38
39 Transfers from Depreciation Reserve to:
40 Cash Operating Fund
41
42 Transfers from Consumer Deposit to:
43 Cash Operating Fund
44
45 Transfers from Utility Bond Reserve Fund to:
46 Bond Sinking Fund
47
48 Transfers from Cash Operating to
49 Interest and Bond Principal
50 Bond Sinking Fund
51 Cash Reserve Fund
52 Utility Bond Sinking Fund
53 Depreciation Reserve Fund
54 Insurance Reserve Fund
55 56
Consumer Deposit Fund
Interest and Bond Principal
57 End of Month Petty Cash
58 Revenue Bonds
59 Interest Coupons Redeemed
60 Bond Coupons
61 Miscellaneous Prepaid Invoices 177,036.90
62 Total Prepaid Invoices 7,301,574.28
63 Less EFT/Direct Deposit of Payroll (47,516.59)
64 Total Prepaid Invoices 7,254,057.69
65 Total Bills Not Paid 433,951.96(Dec.)
108,434.41(Jan.)
Grand Total 7,796,444.06
RP&L Minutes Cont'd
January 21, 1997
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Welch asked Councilmembers to mark their calendars for a meeting at the RP & L service building
4 for January 27 at 7 p.m. He also commented that he attended a meeting where the President and CEO of A.B.B.
5 engineering passed along his impressions of the current status of the electrical industry and what is happening
6 within the suppliers portion of that industry as well as what he envisions as deregulations comes on. Chairperson
7 Welch said he also commented that he lives in Connecticutt where he pays 12 cents per kilowatt for his electricity
8 and was extremely surprised to find that the cost here is around 6 cents.
9
10 Chairperson Welch also noted that he, along with several Councilmembers, attended the meeting in Indianapolis
11 recently for I.M.P.A. members and those belonging to electrical associations to discuss deregulations and
12 proposed drafts which may or may not be presented to the legislature in this session. He suggested all members
13 read the information and be prepared to discuss it at the January 27 meeting. He said the third meeting, which
14 was not well attended because of the inclement weather, was the Department of Energy scope meeting for the
15 proposed input by the public for RP & L's LEBS project. He added that those public input cards are available now
16 at RP&L.
17
18 Councilmember Lundy said she has booklents about the meeting in Indianapolis and will bring them to the next
19 meeting. Councilmember Allen said she also picked up some I.M.P.A. petitions on retail wheeling and has them
20 available for anyone interested. She added that she feels it is valuable information.
21
22 UNFINISHED BUSINESS
23
24 There was none.
25
26 STREET LIGHT COMMITTEE REPORT
27
28 There was none.
29
30 MISCELLANEOUS BUSINESS
31
32 There was none.
33
34 REPORT BY GENERAL MANAGER
35
36 General Manager Irving Huffman opened the bids for an air conditioner chiller for the RP&L service building after
37 presenting the proof of publication to City Attorney Bob Bever. Councilmember Dickman moved to accept and file
38 the proof of publication,second by Councilmember Allen and the motion was carried on a unanimous voice vote.
39 Bids were received from Johnson Mechanical Inc.for$47,878; Robert L. Meyers Jr.of Meyers Mechanical of
40 Richmond for$29,956;Bader Mechanical Inc.of Richmond for$35,658;and CM Contractors Inc.of Cambridge
41 City for$36,572. Councilmember Dickman moved to refer the bids to the general manager for evaluation,
42 tabulation and recommendation,second by Councilmember Hutton and the motion was carried on a unanimous
43 voice vote.
44
45 Jim Daugherty, manager of human resources, reported on the retirement plan,on the latest actuarial study which
46 revealed the plan is funded with proper amounts on an annual basis.Any less, he said, and it would cause some
47 serious problems. Councilmember Stamper asked for a copy of the study.
48
49 John Ulrich, assistant general manager, reported on the award RP& L received from A.B.B.for the low nitrous
50 oxide burner installed in October. He said it is the first commercial installation of a brand new burner that A.B.B.
51 has designed over the past number of years and is the first time to put it in a coal plant. Ulrich said the bottom line
52 is that it produces less nitrous oxide than the previous burner which reduces RP & L's contribution to the ozone
53 layer and allows the utility to be opted in all the way to 2007. He said the air is cleaner and the plant operates
54 more efficiently and RP&L is getting the burners for$120,000 per installation cost and A.B.B. is going to sell the
55 units for close to$1 million in the future. He said A.B.B.was so happy with the installation they gave the award to
56 RP& L. in recognition for the cooperative effort between A.B.B.and Combustion Engineering Services and RP&
57 L in achieving the first commercial firing of the RSFC coal burner on October 20, 1995.
58
59 ADJOURNMENT
60
61 There being no further business,on a motion duly made,seconded and passed the meeting was
62 adjourned.
63
64
65
Bing Welch, Chairperson
ATTEST:
Norma Schroeder, Clerk