Laserfiche WebLink
OCT-II-ZOO1 O8:IOAM FROM-ERMU ?$3-441-80~ T-745 P.OOZ/O05 F-~85 <br /> <br />ELK RIVER MUNICIPAL UTILITIES <br />REGULAR MEETING OF THE <br />UTILITIES COMMISSION <br /> <br />October 9, 2001 <br /> <br />Members Present: George Zabee, President; James Tralle, Vice Chair; John Dietz, Trustee <br />Staff Present: Bryan Adams, General Manager; Glenn Stmdeen, Line Superintendent; David Berg, Water <br />Superintendent; Patricia Hemza, Office Manager <br />Others Present: Pat Klaers, City Administrator <br /> <br />1. Call meeting to order October 9, 2001 <br /> <br />2. Consider U. ffiiljes Agenda <br /> <br /> Bryan Adams has one additional item regarding street lights, and James Tralle an item regarding the <br />possibility of recession. <br /> <br /> James Tralle moved to approve the Utilities Agenda for October 9, 2001, with two additional items to be <br />discussed under Other business. John Dietz seconded the morion. Motion carried 3-0. <br /> <br />3..Consider Consent Agenda <br /> <br />James Tralle moved to approve the Consent Agenda as follows: <br /> <br />September Check Register <br />Financials <br />September 12, 2001 Minutes <br /> <br />5.1 Review Great River_Energy's Pronosed 2002 Electric Wholesale Rate <br /> <br /> Bryan Adams discussed the proposed wholesale electric rate for 2002. The demand rates for Winter, <br />Summer, and the Spring/Fall months decrease approximately 2%, and the energy rate increases 16%. The 3 <br />year phase-in credit expires in 2001, resulting a net affect of mi 8.967% increase, based upon projected demand <br />and energy requirements for 2002. The rate has not yet been formalized, and may change. Staff and <br />Commission discussed alternatives to adjust the wholesale rate with the retail rates the customers are charged. <br />A fuel cost adjustment and a power cost adjustment were discussed. Commission favors a rate increase rather <br />than a fuel cost adjustment. It is perceived by Commission that a rate increase is more straight forward for the <br />customer. <br />The Conservation Improvement Program is expected to be provided by Great River Energy, but derails at th~s <br />time are not finalized. <br /> <br />5.2 Review Results of $3.590,000 G.O. Water Revenlle Bonds <br /> <br /> The results of the $3,590,000 GO Water Revenue Bonds to finance Water Production Facility #7, and <br />he Eastern Water Tower were reviewed, showing that the true interest rate is 4.7327%. No action necessary. <br /> <br /> <br />