HomeMy Public PortalAbout05-19-1980 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, MAY 19, 1980
1 The Common Council of the City of Richmond, Indiana, serving as a Board in
2 charge of the operation of the Richmond Power & Light Plant, met in regular
3 session May 19, 1980 at the hour of 7 :00 p.m. in the Municipal Building of
4 said City. Chairman Ahaus presided with the following members present :
5 Messrs. Elstro, Williams, Paust, Hankinson, Welch, Parker and Mills. Absent:
III 6 Mrssr. Carter. The following business was had, to-wit :
7
8 Councilman Williams moved to approve the minutes of the previous meeting,
9 seconded by Councilman Mills and on unanimous voice vote the motion was
10 carried.
11
12 Councilman Hankinson moved to approve the following bills, transfers and
13 investments purchased, with the correction of the investment being $650,000
14 rather than $65,000, seconded by Councilman Welch and on unanimous voice vote
15 the motion was carried.
16
17 APPROVE THE FOLLOWING:
18 Bills in the amount of $ 1,032,128.42
19 Bonds and interest Coupons 9,725.00
20 1 Payroll 97,521.48
21
22 TRANSFERS FROM CASH OPERATING FUND TO:
23 Cash Reserve Fund 64,029.13
24 Bond Sinking Fund 71,115.41
25 Depreciation- Reserve Fund 91,000.00
26
27 INVESTMENTS PURCHASED
28 Cash Operating Fund 65,000.00
29
30 * Short term investments, (repurchase agreements) yielding
III31 from 8.5 to 9.75% interest
32
33 Chairman Ahaus announced the Executive Committee will meet Tuesday, May 27
34 7:00 p.m. at RP&L, because of the Memorial Day holiday.
35
36 General Manager Irving Huffman stated that in Council's regular meeting, at
37 the encouragement of their counsel, Mr. Paul Hirsh, Council is asked to have
38 an Ordinance to amend our rate ordinance. He felt it was necessary because
39 there are some typographical errors. The corrections to made are:
40
41 • 1. In all rate schedules
42 Fuel Clause sheet to be changed 0.012961 to 0.015263
43 1974 1979
44 _
45 2. Sheet No. 3 5.01 instead of 5.77
46
47 3. Sheet No. 10-A Fluctuating Load $ .60 to $ .70
$6.00 to $7.00
48
49 4. Sheet No. 11 11 .96. to 12.33
50
51 5. Sheet No. 12 6.95 to 6.02
52
53 6. Sheet No. 12-B $120 to $140.40
54 $3200 to $3744
III 55 $100 to $117
56 .60 to .70
57 $6.00 to $7.00
58
59 7. Sheet No. 13-B 0.15 to 0.18
60
61 8. Sheet No. 16 add 4.89 (not typed in
62 the first time)
RP&L Minutes Cont'd.
May 19, 1980
Page 2
1 General Manager Huffman stated that the Engineering Department did review the
2 proposal concerning the parking lot and driveway and are in agreement that the
3 proposal submitted should go to Stone Valley. A gravel base in a storage area
4 is not necessary.
5
6 Councilman Paust moved to accept the low bid of Stone Valley for paving of the
7 RP&L parking lot and driveway per scheduled outline in the amount of $34,574.89
8 seconded by Councilman Williams and on a call of the roll the following was
9 recorded. Ayes: Elstro, Williams, Paust, Hankinson, Welch, Parker, Mills and
10 Ahaus. Noes: None. The vote being eight (8) to zero (0) .
11
12 Mr. Huffman reminded the Council the RP&L rate increase report is set for June
13 2 in Indianapolis, and a normal rate case day is anticipated.
14
15 Mr. Huffman informed the Council that, according to recently passed legislation,
16 any territory inside the city limits which is served by a municipally owned
17 electric utility, service rights may be taken over by that utility. They must
18 file it and an agreement must be worked out with the parties involved and the
19 Public Service Commission becomes involved in the supervision and approval of
20 the change of territory. The airport is listed as being in the city limits and
21 if we do not exercise the right in so many days, we relinquish our chance to
22 serve that territory. PSC serves some customers in the area of the airport.
23 To be practical, we have worked out an agreement with PSC and their service will
24 terminate where the airport begins, and we will serve all customers for the
25 remainder of the line. The value of the line for 1 .33 miles for single phase
26 7200 volt primaries is $16,132.93 (depreciated value) . This involves the air-
27 port and three (3) other customers. PSC's revenue for the past year was
28 $10,752.09 so the pay-out period is about one and a half years.
29
30 Councilman Welch moved to authorize RP&L to purchase Public Service Company of
31 Indiana territory and facilities as described in PSCI letter dated May 6, 1980
32 and its attached exhibits, seconded by Councilman Elstro and on a call of the
33 roll the following was recorded. Ayes: Elstro, Williams, Paust, Hankinson,
34 Welch, Parker, Mills and Ahaus. Noes: None. The vote being eight (8) to zero (0) .
35
36 Mr. Huffman stated the difference between vacuum versus oil circuit breakers
37 can vary from $80,000 to $120,000. Our intent is to upgrade the distribution
38 for the outlying areas. Three (3) of these breakers would go to our "Y"
39 system rather than the Delta system for better coordination and distribution.
40 Two (2) of the oil circuit breakers will replace two (2) of the old breakers.
41 The other three (3) breakers would be used in lines going from these new
42 substations.
43
44 Councilman Mills moved to authorize bids to be received June 2, 1980 for
45 eight (8) Circuit Breakers with a possible cost of $80,000, to $120,000, se-
46 conded by Councilman Parker and on a call of the roll the following was re-
47 corded. Ayes: Elstro, Williams, Paust, Hankinson, Welch, Parker, Mills and
48 Ahaus. Noes: None. The vote being eight (8) to zero (0) .
49
50 There being no further business on motion duly made, seconded and passed the
51 meeting was adjourned.
52
53 Rick Ahaus
54 President
55
56 ATTEST: Nancy V: Beach
57 Deputy Clerk