HomeMy Public PortalAbout12-06-1976 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS
A COMMITTEE IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER & LIGHT PLANT, DECEMBER 6 , 1976
1 The Common Council of the City of Richmond, Indiana, serving as a
2 committee in charge of the Richmond Power & Light Plant, met in regular
3 session December 6, 1976 at the hour of 7:00 p.m. in the Municipal
4 Building of said City. Mr. Ahaus presided with the following members
5 present: Messrs. Austerman, Carter, Cornett, Elstro, Merchanthouse,
6 Mills , Paust and Williams . Absent: None. The following business was
7 had, to-wit:
8
9 Mr. Williams moved to approve the minutes of the previous meeting,
10 seconded by Mr. Mills and on unanimous voice vote the motion was carried.
11
12 Mr. Williams moved to approve the following bills, interest coupons,
13 payroll and investments purchased, seconded by Mr. Mills and on unanimous
14 voice vote the motion was carried:
15
16 APPROVE THE FOLLOWING:
1.7 Bills in the amount of $ 615,550 .55 -
18 Interest coupons 1 ,047.50
19 1 Payroll 75,956.80
20
21 INVESTMENTS PURCHASED
22 Cash Operating Fund $ 400,000.00
23
24 C.D. 's yielding 6%, maturing 1 year
25
26 Mr. Ahaus announced an executive session will be held Monday, December
27 13 at 7:00 p.m. at RP&L.
28
29 Mr. Irving Huffman, General Manager, reported that the news media has
30 been doing a very excellent job in reporting some of the growths
31 experienced this last week. The growth pattern is starting to go in
32 and upward trend and is following predicted curve of growth to date. In
33 1973 the past high point in sales was experienced for a 1/2 hour, 1 hour
34 or even 24 hour period. RP&L is now in .a very definite growth picture.
35 New demands were set this past week and before this year is over
36 sizeable growth will probably be noticed. Costs increase and must be
37 spread over periods where growth is not experienced.
38
39 Mr. Huffman, also, reported he attended a workshop put on by the Electric
40 Power Reasearch Institute, which was formed by all the nation`s
41 electric utilities in 1973. They are designed to sponsor research and
42 development in the electric power production, transmission , distribution
43 and utilization . RP&L has not made direct payments to this group and
44 should take a look at it and consider making some; however, we have been .
45 making indirect payments through kilowatt hours purchased. Payments
46 have, also, been made through RP&L dues to the American Public Power
47 Association. Therefore, RP&L would not have to make full amount donations
48 as far as kilowatt hours sold.
49
50 Mr. Carter moved to reject the fuel clause rate increase, seconded by Mr.
51 Cornett.
52
53 Mr. Ahaus instructed the Manager to draw a draft of the effects of this
54 motion.
55
56 Mr. Paust moved to table the::motion, seconded by Mr. Williams . This
57 motion passed with Mr. Carter and Mr. Cornett voting no.
58
59 There being no further business on motion duly made, seconded and passed
60 the meeting was adjourned.
61
62 Rick Ahaus
63 Chairman
64
65 ATTEST: JoEllen Trimble
66 City Clerk