10-09-2001 ERMU MIN - Laserfiche WebLink

Home Browse Search

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