HomeMy Public PortalAbout11-20-1978 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, NOVEMBER 20, 1978
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 November 20, 1978 at the hour of 7:00 p.m. in the Municipal Building
4 of said City. Councilman Ahaus presided with the following members present:
5 Messrs. Elstro, Williams, Austerman, Paust and Welch. Absent: Messrs.
6 Merchanthouse, Mills and Carter. The following business was had, to-wit:
7
III8 Councilman Williams moved to approve the minutes of the previous meeting as
9 prepared, seconded by Councilman Welch and on unanimous voice vote, the motion
10 was carried.
11
12 Councilman Welch moved to approve the following bills, transfers and
13 investments, seconded by Councilman Austerman and on unanimous voice vote, the
14 motion was carried.
15
16 APPROVE THE FOLLOWING:
17 Bills in the amount of $235,117.60
18 Bonds and Interest Coupons -0-
19 1 Payroll 88,757.64
20
21 TRANSFERS FROM THE CASH OPERATING FUND TO:
22 Cash Reserve Fund 67,105.92
23 Depreciation Reserve Fund 91,000.00
24 Utility Bond Sinking Fund 69, 260.40
25
26 INVESTMENTS PURCHASED:
27 *Cash Operating Fund 160,000.00
28 **Cash Operating Fund 195,000.00
29
30 *U.S . Treasury notes maturing 12/20/78 yielding 8.25%
31 **U.S. Treasury notes maturing 11/20/78 yielding 9.25%
32
III33 Chairman Ahaus announced there will be an Executive Meeting Monday, November
34 27 at RP&L at 7: 00 p.m.
35
36 In response to Chairman Ahaus' question concerning the Mall billing, Mr. Huffman
37 stated he had checked the billing and it is normal and will be this amount as
38 long as the thirty (30) hp motor in the fountain is in operation.
39
40 General Manager Irving Huffman reported a hearing has been set on the I&M refund
41 for November 28 to determine the method and amount of refund to customers.
42 There is a difference in the amount as to how much belongs to RP&L and what
43 belongs to the customers. RP&L has been holding up billing until November 28
44 because they don't know how to make bills out and do not want to have to rectify.
45 There will be no penalties assessed on the consumer due to these bills not
46 being sent.
47
48 Mr. Huffman announced RP&L has entered into a contract with Texas Instrument
49 Company to conduct a Thermogram Fly Over which will photograph the heat loss.
50 The conditions must be right and this will be done at night. This is a necessary
51 step to get a good conservation program started. The Comprehensive Community
52 Energy Management Program will be centered around the Thermogram.
53
54 Mr. Huffman noted that in an article in today's Indianapolis Star there was
55 mention made that in 1977 $15,230.00 was paid in subsidy payments by someone
56 for the operation of Penn Central Line 633. To his knowledge there has been
57 no money paid by anybody for operation of 633. The line was profitable in
58 1977. Information Mr. Huffman received last week indicates that, according to
59 the projection and according to the request for subsidy payments, RP&L is
60 guaranteeing State's payments, as they are not involved in this line. If
61 subsidy is required, this payment has to be made in advance. The estimated
62 subsidy listed up to March of 1979 is zero.
63
64 There being no further business on motion duly made, seconded and passed, the
65 meeting was adjourned.
66
67 Rick Ahaus
68 Chairman
69 ATTEST: JoEllen Trimble
70 City Clerk