LUB Discusses YTD Financials and Potential Legal Actions

The Lamar Utility Board members held a very brief general meeting, Tuesday, April 10, before they went into executive session to discuss three areas:  Colorado Beef Rate Adjustment Request; Repowering Project and WildEarth Guardian Litigation.  In each case the executive session was to discuss legal advice on specific legal questions.  Board members hope to discuss the Repowering Project with ARPA manager Rick Rigel following a visit he and several light plant officials have planned for the boiler manufacturer this month in Ohio.  An executive session on his findings has also been planned for the board members.

Last month, Colorado Beef officials requested a review and adjustment of their utility fees, claiming they are considerably higher when compared to comparable feedlot operations they own in other parts of the country.  The Repowering Project has had on-going operations problems, coupling performance with emission standards from the boiler manufacturer, and WildEarth Guardians has brought legal action against ARPA and the Repowering Project based on those operation and emission capacities. 

Light Plant interim superintendent Houssin Hourieh presented a review of the December 2011 Year End Financial report to board members.  The total operating revenue for December is $1,103,243 with total operating costs of $103,034,884 for a gross operating income of $68,359.  The December net income, when non-operating revenues and expenses are factored in, is $373,892.  Year-to-Date operating revenue figures as of December 2011 are $13,721,703 and total operating costs were $12,214,760 for gross income revenues of $1,506,943.  When non-operating revenues and expenses are taken into consideration, there is a net income of $248,380.  2011 revenues from retail sales, compared to 2010 are up 5.3%, however purchased power costs are up approximately 9.5% resulting in a net income of $248,380.

By Russ Baldwin



Filed Under: BusinessCitycommunityEconomyEmploymentEnergyFeaturedLamarPublic SafetyUtilities


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