HomeMy WebLinkAbout2002-09-05 RMLD Rate Stabilization Minutesr- n
RMLD BOARD OF COMMISSIONERS CL . `
RATE STABILIZATION SUBCOMMITTEE MINUTES' M' , I, S.
SEPTEMBER 5, 2002 Ali: 0;
Attendance: Messrs. Cameron, Fournier, Ames and Soli
Mr. Cameron explained the RMLD could refund money to the ratepayers through
several options. One way would be to credit an amount to each ratepayer through
either the discount or by adjusting the fuel charge.
Mr. Soli suggested a way to refund money to the ratepayers could be to credit
customers, or give each customer a one time credit, on their billing during the last
12 months. He said the money wasn't collected on a kWh, therefore, it should not
be refunded that way. Also, Co-Operatives in the Mid-West refunded excess money
to their customers by determining how much each customer paid to the Co-
Operative over the year and then gave them a refund based on the percent of their
billing as compared to the total billings.
Mr. Cameron said crediting each customer an amount of money was something
contemplated a few years ago but the refund was thought to be in the form of checks
to each customers which did not make sense. Printing 27,000 checks during one
month would be a huge effort for Town Hall and it does not make sense to pay
$27,000, or $1.00/check, for an outside firm to handle it.
Mr. Soli asked why not credit each customer's bill the proper amount?
Mr. Cameron noted that would also be a huge effort.
Mr. Soli asked if the computer system is set up to do that?
Mr. Cameron stated he did not know but would find out.
Discussion ensued relative to the importance of getting the refund out to the
customers before the end of the year because that would help with the current
economic conditions.
Mr. Cameron agreed to schedule another meeting when he has more information
regarding RMLD's ability to get this credit back to the customer via the computer
system.