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UTILITIES May 29, 2013 3:30 P.M. <br />Committee Member Present: Valerie Schey, Oliver Davis, Henry Davis Jr. <br />Other Council Present: Tim Scott, David Varner, Gavin Ferlic, Derek Dieter <br />Citizen Members: Carol Davis <br />Others Present: Sarah Bodner, Dave Kline, Kurt Isaac, Erin Blasko <br />Agenda: Update AEP/ I & M Frequency of power outages <br />Council member Valerie Schey, chair of the Utilities Committee called this meeting to get an update on <br />the seemingly growing number of power outages in the city. Three representatives from Indiana <br />Michigan Power Company were present to make the presentation. Sarah Bodner, acted as their <br />spokesperson. She provided a company brochure (attached) and walked the Council through it to <br />explain I & M's culture, challenges and efforts to provide clean efficient, safe and affordable energy for <br />its customers. In the overview she drew particular attention to page 12 of the brochure which explains <br />the finances of the power company. The challenge, she said it today's environment of rising costs, <br />regulations and flat demand was to balance all these factors to provide a return on capital along with <br />safe, reliable, low cost power. <br />Valerie Schey tried to start the presentation to a more local problem focus. Sarah Bodner spoke of an <br />aging power generation, retaining, and transmission infrastructure that require increasing reinvestment. <br />Time constraints prevented additional questions requiring Valerie to adjourn at 3:52 P.M. <br />Respectfully Submitted, <br />t <br />Valerie Schey <br />Utilities Committee, Chairperson <br />