10-31-1932 VCM - Laserfiche WebLink

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In fur. Richardsons report it was set for that the Elk River h~/dro_electric plant at the present time is good for less than (50) kilowatts continuo~sly and that during the YEar 1931 the .i1.lk River Qrower &: Light Co. generated approximatel:r 514.804 kilowatt hours and pur_ .. chased B08.6oo, a total of 1323.404, of which they sold ~ 1.004.094, showing an energy losb of 319 310 kilowatt hours of 24%. The average price received'for current by the Blk River Power& Light Co appears to be 6,03 cents per kilowatt hour, The Ek. River Power & Light co, in 1931 paid~t66 ~~ as local Village taxes. The Village paid to the ~lk Rlv6r Power & Light Co in 1~31, $2 763,11 for electrical energy consumed b~ pumping, street iJ.ghts, etc, ~ew rates recentlJI pU": into force by the eastern kinnesota Power Co amount to an B_cent rate net for the ' first kilowatt hours used per month and all over, ~cents, with a minimum net mmnthly bill of $1,19, Their other rates are in a cOI'respondingly desirable ratio. These are cited because the towns served are of comparable size and even further from the Twin Cities than Elk River, The cost of a new municipal plant complete, in_ cluding all replacement meters complete new modern and afficient electric distribution system with new street lights, etc" is approximately $100.000. The cost mf a complete new white way system is approximately $6,740,00 ,~~ This plant #would be the last word in modern design and construction and would be as efficient as any plan~ . of this capacity could be designed, Allowing a liberal aet up for cost of labor, in_ surance, fuel and all other items entering into the cost of operation of a plant of this nature, it is anticipated .. that at the end of the fefteen years all bonds could be .. retired and a combined replacement and accumulated re_ served fend of S9C oc6,9B would be established. At the ed end of that time, allowing t2C 000 for additional plant extensions, with all theGe betterments taken care of by the twentif;th vearl.. there will.be a combine(l. replacement and accumulatea re~erve amountJ.ng to approxJ.mately $152.051.42. . Plans showing the prcse~t electric ~istributJ.on system, the propesed new electrJ.c distrJ.butJ.on system a washed drawing showin~ the new power plant and a pre~ liminary plan snowing tHe machinery placement ih the new power plant have been submitted and may be seen b~T a~yone interested. No further business~ meeting adjourned, '--.-___ '_".N :- ~Ll':L:.L~~:'.\.,=_:>_. e