HomeMy Public PortalAbout04-17-1978 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, APRIL 17, 1978
1 The Common Council of the City of Richmond, Indiana, serving as a board in charge
2 of the operation of the Richmond Power & Light Plant, met in regular session April
3 17, 1978 at the hour of 7:00 p.m. in the Municipal Building of said City. Mr.
4 Ahaus presided with the following members present: Messrs. Elstro, Williams,
5 Austerman, Carter, Paust, and Welch. Absent: Merchanthouse and Mills. The
6 following business was had, to'-wit:
7
II/ 8 Councilman Austerman moved to approve the minutes of the previous meeting, as
9 prepared, seconded by Councilman Carter and on unanimous voice vote, the motion
10 was carried.
11
12 Councilman Welch moved to approve the following bills, transfers and investments,
13 seconded by Councilman .Carter and .on -unanimous voice vote, the motion was carried:
14
15 APPROVE THE FOLLOWING:
16 Bills in the amount of $ 168,012.34
17 Bonds and Interest Coupons 585.00
18 1 Payroll 83,676.00
19
20 TRANSFERS FROM CASH OPERATING .FUND TO
21 Cash Reserve Fund 68,875.83
22 Depreciation Reserve Fund 91,000.00
23 Utility Bond .Sinking _Fund 68,052.07
24
25 INVESTMENTS PURCHASED
26 *Cash Operating Fund' 699,000.00
27
28 *Short term Treasury 'Notes, yielding 6%
29
30 Chairman Ahaus announced the Executive Committee will be meeting Monday, April
31 24 at 7:00 p.m. at RP&L.
32
33 Councilman Austerman reported the Policy and Planning Committee met and discussed
34 the report card format. He stated that Mr. Delmar Cox has done an excellent job -
35 on this report which was recommended by Ernst & Ernst. The Committee also met on the
36 power-supply study and- reviewed various alternatives. R.W.Beck is thoroughly
37 familiar with RP&L and more able to give a study that would be more independent.
38 The Committee has confidence in representative who would be in plant and
39 R.W. Beck is well qualified to do the job. The Committee recommends engaging the
40 firm of R.W.Beck.
41
42 General Manager Irving Huffman reported that in negotiations with I&M and American
43 Electric Power part of the contract was to provide to AEP a power supply study
44 up to and including 1990. This is something RP&L has done on their own in the
45 past. The last one was conducted in 1970, so another one should be done. This
46 one will be more objective because not trying to strive to arrive at a particular
47 item. A study of the Johnson Street Station will be included.
48
49 Councilman Paust moved to authorize the General Manager to engage the firm of
50 R.W. Beck and Associates to perform a power supply study for Richmond Power &
51 Light as described in the R.W. Beck proposal dated December 1, 1977 to include
52 the period through the year 1990 with recommendation and the cost of the study
53 not to exceed $35,000, seconded by Councilman Austerman and on a call of the
54 roll the following was recorded: Ayes: Elstro, Williams, Austerman, Carter,
55 Paust, Welch and Ahaus. Noes: None. The vote being seven (7) to zero (0) in favor
56 of passage of the motion.
RP&L Minutes Cont.
April 17, 1978
Page. 2
1 Mr. Huffman calculated the future bill of an elderly couple, who were concerned_ about
2 their future bills as far as the coal contract was concerned. Their bill will actually
3 go up fifteen cents (15 ) per month based on fifty-six cents (56 ) per one thousand
4 (1000) kilowatt hours as far as the fuel clause is concerned. This fifty-six cents
5 (560 is not all due to the cost of coal because. price from the supplier was one
6 dollar thirty-five cents ($1.35) - $1.10 for the increase in coal and .25 to black,
7 lung. RP&L has now been advised that due to the Land Reclamation Law starting
8 May 3, miners now have to reclaim the ground back in certain categories. The top
9 soil has to be saved and put back on reclaimed ground in as good shape as it-was- in th
10 beginning. This cost is fantastic. The figure for this reclamation is two dollars
11 seventy cents ($2.70) per ton over and above what was before. This goes into
12 effect in May. Several coal companies are suing because they feel it is a waste
13 of money.
14
15 There being no further business on motion duly made, seconded and passed, the
• 16 meeting was adjourned.
17
18 Rick Ahaus
19 Chairman
20
21 ATTEST: JoEllen Trimble
22 City Clerk