HomeMy Public PortalAbout07-17-1995 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, JULY 17,1995
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,July 17, 1995, in the Council Chembers
3 in said City. Chairperson Howard "Jack" Elstro presided with the following Councilmembers in attendance: Gene
4 Allen, Jane Brookbank, Mary Ellen Donat, Sarah "Sally" Hutton, Etta Lundy, Don McBride and Larry Parker.
5 Absent was Bob Dickman.The following business was had to-wit:
6
7 APPROVAL OF MINUTES OF JUNE 19,1995
8
9 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
10 Councilmember Hutton and on a unanimous voice vote the motion was carried.There was no July 3 meet ng.
11
12 APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee, Councilmember Donat moved to approve the following bills
15 for payment,seconded by Councilmember Hutton and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions-June 30 222,239.44
19 July 17 223,534.13
20 Investments Purchased From:
21 Cash Operating Fund 1,300,000.00
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 3,193,793.15
25 Insurance Reserve Fund
26 Consumer Deposit Fund 125,000.00
27 28
Cash Reserve Fund 1,938,000.00
Group Insurance Fund
29 Total Investments 6,556,793.15
30
31 Transfer to City in Lieu of Taxes:
32
33 Transfer from Cash Operating Fund to:
34 Depreciation Reserve Fund
35 for Property and Plant 91,000.00
36
37 Gash Reserve Fund for Payment
38 to City in lieu of taxes 56,336.68
39
40 Transfers from Depreciation Reserve to:
41 Cash Operating Fund
42
43 Transfers from Consumer Deposit to:
44 Cash Operating Fund
45
46 Transfers from Cash Operating :
47 Interest and Bond Principal
48 Bond Sinking Fund
49 Cash Reserve Fund
50 Utility Bond Sinking Fund
51 Depreciation Reserve Fund
52 Insurance Reserve Fund
53 Consumer Deposit Fund
54
55 Interest and Bond Principal
56
57 End of Month Petty Cash
58 Revenue Bends
59 Interest Coupons Redeemed
60 Bond Coupons
61 Miscellaneous Bills Already Paid 978,738.75
62 Less EFT/Direct Deposit of Payroll (72,694.53)
63 Total prepaid invoices 8,055,947.62
64 Total Bills Not Paid 801,780.89
65 Grand Total 8,857,728.51
RP&L Minutes Cont'd
July 17, 1995
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Elstro announced there would be an executive meeting to discuss the EPA lawsuit at 7 p.m. Monday,
4 July 24, at the service building at RP & L, after which the Board will interview a person who is interested in
5 searching for someone to fill the general manager's spot at RP & L.
6
7 UNFINISHED BUSINESS
8
9 There was none.
10
11 STREET LIGHT REPORT
12
13 Councilmember Allen reported that the businesses and residents in the 800 block of North E Street had
14 requested street lighting underneath the U.S.27 North overpass across from the railroad depot.She said she will
15 forward it to RP & L and they, in turn, will see that it gets to the City.
16
17 REPORT BY GENERAL MANAGER N
18
19 General Manager Irving Hufman asked for authorization from the Board to receive bids for the network backup
20 substation construction project. He explained that it will be a backup to the Johnson Street station and there are •
21 four primary feeders coming from there. He added that the network system was a"cadillac"system in 1930 but it
22 is too expensive to maintain in this day and age.Councilmember McBride moved to authorize Huffman to receive
23 bids on the substation, second by Councilmember Hutton and the motion was carried on a unanimous voice vote.
24
25 Huffman said RP & L set some new records this past week. On Thursday,July 13,from 2 to 3 p.m.the kilowatt
26 hours sold were 153.7 net and 160.2 gross. He said the old record was set on January 19, 1994 and that was
27 149.08 net and 156.2 gross. The new record set for a 24-hour period was on Friday,July 14, 1995,when RP&L
28 sold 3,053,820 kilowatt hours, breaking the old record set on January 19, 1994 of 3,044,320.
29
30 Huffman said there has been a lot of conversation about retail wheeling, adding that RP &L's rates are
31 competitive and the utility does not fear retail wheeling. He said there may be some special pricing but it will only
32 be for a certain period of time. RP & L, he said, has a plant that is paid for and a very efficient operation with 155
33 employees since 1970.And, he said, in the interim time the utility has had to go to computer operations and other
34 areas that require a lot of technical help.
35
36 Chairperson Elstro reported that the auction was held at RP&L Saturday,July 15, 1995,adding that the post
37 digger did not sell even though the bidding got to$50,000.
38
39 Councilmember Allen asked when Council will get a detailed report from the APPA meeting in Seattle,Wash.
40 Councilmember Donat said she will give the report and Chairperson Elstro said perhaps that could be heard
41 Monday night at the meeting at RP&L.
42
43 Councilmember Allen asked Chairperson Elstro if he had thought any more about a policy regarding RP& L's
44 personnel records and he responded that nothing had been done on that yet. Councilmember Lundy said she is
45 looking to schedule a meeting on that subject and will get back with the Board to announce when that will be.
46
47 ADJOURNMENT
48
49 On a motion duly made, seconded and passed and carried on a unanimous voice vote,the meeting was
50 adjourned.
51
52
53
54
55
56 Howard"Jack" Elstro, Chairperson
57
58
59
60 ATTEST:
61 Norma Carnes, City Clerk
62
63
64 •
65