HomeMy Public PortalAbout07-07-1975 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, JULY 7, 1975
1 The Common Council of the City of Richmond, Indiana, met in regular
2 session July 7, 1975 at the hour of 7:00 p.m. in the Council Chambers
3 in the Municipal Building in said City serving as a committee in charge
4 of the operation of the Richmond Power & Light Plant. Mr. Merchanthouse
5 presided with the following members present: Messr. Cornett, Elstro,
6 Hilton, Marino, Mills and Williams. Absent. Messrs. Brown and Geier.
7 The following business was 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. Cornett moved to approve the following bills, seconded by Mr. Elstro
13 and on unanimous voice vote the motion was carried.
14
15 APPROVE THE FOLLOWING:
16 Bills in the amount of $ 335,344.69
17 Interest Coupons 118,417.50
18 1 Payroll 67,374.08
19
20 INVESTMENTS PURCHASED
21 Cash Reserve Fund $ 180,000.00
22
23 C.D. 's Maturing 12/30/75,
24 yielding 6% Interest.
25
26 Mr. Marino requested a street light in .a double alley to the east
27 end on the "E" Street side between S.W. 3rd and 4th and "D" and "E".
28
29 Mr. Williams requested two street lights on existing poles on Camp-
30 bell Avenue.
11/ 31
32 Irving Huffman, General Manager, said the progress report on the
33 Richmond Powbr and Light 15 per cent rate increase is pending. The
34 Commission has advised us everthing is in order and we are looking
35 forward to being awarded this.
36
37 Mr. Huffman gave an updated report on Indiana & Michigan Electric
38 Company's petition before the Federal Power Commission to raise the
39 local utility's rate 27.52 per cent for power purchased.
40
41 The PSC demand clause should not top 60 per cent, whereas it was 100
. 42 per cent, this will save RP&L $200,000 yearly, Mr. Huffman said.
43
44 There being no further business on motion duly made, seconded and passed,
45 the meeting was adjourned.
46
47 Greg Merchanthouse
48 Acting Chairman
49
50
51 ATTEST: Margaret Mellen
52 City Clerk