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Page 2 <br /> Regular meeting of the Elk River Municipal Utilities Commission <br /> November 14,2006 <br /> Glenn Sundeen reported on the current projects. The rebuild on County Road 33 is still in <br /> progress. The cable is in place for the Otsego rebuild and staff is currently working on the <br /> conversion process. Station 14-Bank 2 is operational and on line,and staff is also working <br /> on the additional feeder for western Elk River. <br /> Troy Adams is busy updating the maps books due to the numerous projects and rebuilds <br /> completed this year. <br /> Theresa Slominski reported that the Website for Elk River Municipal Utilities is now live <br /> and can be found at: www.elkriverutilities.com . First National Bank now has a website <br /> based program that will alleviate additional software requirements on our end for ACH file <br /> transfers,and offers more secure protection of information. The Health Fair will be on <br /> Thursday for all employees to attend. Theresa also informed the Commission of the letter <br /> received from the auditing company and the changes they were implementing in the auditing <br /> process. <br /> Lori Johnson informed the Commission that the garbage rates will not be changing until <br /> 2008. The new sewer rate will be implemented in April of 2007 and the new sewer <br /> connection fee was approved. <br /> 5.2 Review Wholesale Electric Rate <br /> Great River Energy's preliminary wholesale electric rates for 2007 were reviewed. <br /> GRE's overall rate increase is 4.8%,Elk River Municipal Utilities costs increase is actually <br /> 5.61%due to load factor and the end of the 5%option rate. The rate change is as follows: <br /> Existing Proposed <br /> Summer Demand $19.97/kw $18.75/kw <br /> Spring/Fall Demand $ 8.51 /kw $ 8.25 /kw <br /> Winter Demand $12.33/kw $11.75/kw <br /> Energy $.02682/kwh $.03006/kwh <br /> Growth Demand $12.10/kw $11.98/kw <br /> 5%Option Demand $ 6.81 /kw Expired <br /> 5%Option Energy $.02797/kwh Expired <br /> There will be approximately$143,000 difference between budgeted and projected amounts. <br /> 5.3 Review Electric&Water Financial Projections <br /> Twice annually the electric and financial projections are updated to ensure the necessary <br /> financial resources are available in the future. The electric and water projections reflecting the <br /> 2007 budget assumptions were reviewed. <br /> 5.4 Review & Consider 2007 Electric&Water Budget <br /> The proposed 2007 Elk River Municipal Utilities budget was reviewed. Some changes <br /> were made to the preliminary budget. Discussion followed regarding the changes and <br /> decreasing rates. John Dietz would like to see a reduction in rates for the demand customers. <br />