HomeMy Public PortalAbout07-15-1974 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 15, 1974
The Common Council of the City of Richmond, Indiana, met in regular
session July 15, 1974, at the hour of 7:00 p.m. in the Council Chambers
in the Municipal Building in said City serving as a committee in charge
of the operation of the Richmond Power & Light Plant. Mr. Merchanthouse
presided with the following members present: Messrs. Brown, Cornett,
Geier, Marino, Mills, Shields, and Williams. Mr. Elstro was absent.
Tre following business was had to-wit:
Mr. Mills moved to approve the minutes of the previous meeting, seconded
by Mr. Williams and on unanimous voice vote the motion was carried.
Mr. Geier moved to approve the following bills, seconded by Mr. Cornett
and on unanimous voice vote the motion was carried.
APPROVE THE FOLLOWING:
Bills in the amount of $ 589,033.89
Interest Coupons 180,773.75
1 Payroll 66,113.11
TRANSFERS FROM CASH OPERATING FUND TO:
Depreciation Reserve Fund 91 ,000.00
Cash Reserve Fund 60,000.00
Utility Bond Fund 66,837.50
INVESTMENTS PURCHASED
Cash Reserve Fund 59,243.73
U.S. Treasury Notes , Maturing 12/31/74,
Yielding 8.5%.
Mr. Irving Huffman, General Manager, reported the rate case hearing
pending before the Federal Power Commission has been delayed again
due to changes on the staff of the Federal Power Commission.
Mr. Huffman presented a Resolution approving revised terms and condi-
tions and revised schedule of rates for electric utility services
and charges to be collected from users of its electric utility system
and authorizing the filing of a petition and supplemental emergency
petition with the public service commission of the State of Indiana
requesting their approval of the proposed schedule of rated and
charges.
Mr. Marino moved to adopt the Resolution, seconded by Mr. Brown and
on a voice vote the motion was carried. Mr. Cornett and Mr. Mills
voted no.
Mr. Huffman said we still are not permitted to sell surplus power to
those who need it.
It was suggested that the news media in the East be written letters
telling of the situation.
There being no further business on motion duly made, seconded and
passed, the meeting was adjourned.
Greg Merchanthouse
Chairman
ATTEST: Margaret Mellen
City Clerk