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your own rules. It's not a bad idea, though, to have best business practices implemented, for a <br />number of reasons. <br />Councilmember Broden asked, With the IURC, is there a requirement in terms of timing for <br />these requests, or are there best practices that you've seen? <br />Mr. Julien responded, Whether you're regulating utility or not regulating utility, you should be <br />looking at adjusting your rates probably every three (3) years. <br />Mr. Horvath stated, Private utilities do it much more often than public utilities, and that's why <br />their rates are $37 and ours is $11. <br />Councilmember Broden asked, So, these calculations are really three (3) years forward? <br />Mr. Julien responded, Excellent question. Because we're under the Commission, we're limited to <br />2017. Good business practices tell me: wouldn't it be better to do a three (3) year look forward, <br />so that in year two (2) and three (3) we're not stealing from that $4,100,000? But you have to <br />play by the rules that the Commission lays out. <br />Mr. Horvath stated, Because of those rules, too, you can't have a forty percent (40 %) increase <br />followed by a three percent (3 %) additional increase because it has to be in that one (1) year <br />timeframe. <br />Councilmember Broden asked, So, the billing system that we use — Navilineis that priced <br />within this, to update that, or not? <br />Mr. Horvath responded, It is part of our capital plan. We don't have that fully defined yet, but <br />we're working on that. <br />Councilmember Broden stated, I think my understanding with that is that it would give us some <br />flexibility in billing. Like, for different people in different areas of the City. <br />There was brief discussion regarding how an extra few days' time before shutoff could help <br />people like those on fixed income. <br />Councilmember Randy Kelly asked, If the increase doesn't quite cover the pay -as- you -go and we <br />bond out some of these bigger capital project, how do we pay for that? <br />Mr. Julien responded, First of all, if you are going to transition to a bonding program, we have to <br />ask the Commission again for approval, but if we left the revenues as they are, for every dollar <br />that you need for a bond payment, you would take out of the $4,100,000 for capital. <br />Mr. Horvath stated, We realize that this is not a fully funded capital plan. One of the things we <br />will be doing is going through and prioritizing for the most critical of these that have to be done, <br />and put together the plan. <br />N. <br />