HomeMy Public PortalAbout10-15-1984 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, OCTOBER 15, 1984
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of
2 the operation of the Richmond Power & Light Plant, met in regular session October
III3 15, 1984 at the hour of 7:00 P.M. in the Municipal Building in said City. Vice
4 Chairperson Morris presided with the following members present: Councilpersons
5 Elstr.o., :Williams, Brookbank, Hankinson, Parker, Bodiker and Lemoine. Absent:
6 Chairman Whitesell. The following business was had to-wit:
8 APPROVAL OF MINUTES OF OCTOBER 1, 1984
9
10 Councilperson Hankinson moved to approve the minutes of the previous meeting as
11 prepared, seconded by Councilperson Brookbank and on unanimous voice vote the
12 motion was carried.
13
14 APPROVAL OF BILLS AND INVESTMENTS
15
16 Councilperson Bodiker moved to approve bills already paid and investments purchased
17 as follows, seconded by Councilperson Lemoine-and on unanimous voice vote the
18 motion was carried.
19
20 Bills Already Paid
21 Payroll and deductions 10/5/84 139,739.68
22 .
23 Investments Purchased from:
24 Depreciation Reserve Fund • 474,539.87
25 Utility Bond Reserve Fund 775,043.21
26 Cash Operating Fund 686,236.92
27 Total Investments 1,935,820.00
28
29 Miscellaneous Bills Already Paid 70,634.39
30 Total Bills Already Paid 2,146,194.07
31
32 Councilperson Bodiker moved to approve bills for payment in the amount of 44,489.87,
33 seconded by Councilperson Lemoine and on unanimous voice vote the motion was carried.
34
35 Total bills approved is 2,190,683.94.
36
37 REMARKS BY VICE CHAIRPERSON
38
39 Ms. Morris reminded the Board members that the next meeting of the Board would be
40 on October 22, 1984 at 7:00 P.M. at the Service Building.
41
42 REPORT BY GENERAL MANAGER
43
44 General Manager Huffman reported to the Board of Directors on the Energy Cost
45 Adjustment Factor. Mr. Huffman stated this is the increase or decrease passed on
46 /to customersand reflects changes that Richmond Power and Light has no control over
47 such as the upcoming rate hike being requested by Indiana and Michigan.
48
49 Mr. Huffman stated that AEP officials will be meeting in Washington to try/and
50 negotiate a settlement on that rate hike. Indiana and Michigan will be allowed
51 to increase their rates based on their filing and any portion found unwarranted by
111 52 the Federal Energy Regulatory. Commission will be refunded to Richmond Power & Light
53 and then to customers of Richmond Power & Light.
54
55 Mr. Huffman told the Board that residential rates will increase to11.20 per 1000
56 KWH and Indudtrial increases will ber10.39 per 1000 KWH. He stated that RP&L is
57 not the only utility receiving the increase and compared rates of RP&L to those of
58 ... I&M and PSC of Indiana as follows: 500 KWH for RP&L is 29.83, 500 KWH for I&M is
59 36.80 and 500 KWH for PSC of IN. is 43.73.
60
61 Chairperson Morris once again expressed the concerns of the Board over the rate
62 hike and reminded Mr. Huffman that the Board had requested his vigorous opposition
63 to the hike.
64
65 Mr. Huffman stated that the Attorneys ' and Consultants for RP&L will be representing
RP&L Minutes Cont'd
October 15, 1984
Page 2
1 RP&L's opposition of this rate increase and that they hope to arrive at a
2 negotiated settlement before hearings begin.
3
4 NEW BUSINESS •
5
6 Councilperson Lemoine asked Mr. Huffman about the procedure. for presenting the
7 1985 budget and Mr. Huffman stated that during the first part of November he
8 will be going over the budget with the Board so that it can be passed before the
9 end of the year.
10
11 ADJOURNMENT
12
13 There being no further business on a motion duly made, seconded and passed the
14 meeting was adjourned.
15
16 Lynn Nepote Morris
17 Vice Chairperson
18
19 ATTEST: Mary Merchanthouse
20 City Clerk
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