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Power Board OKs look at DES pension, hike in CableOne pole fee

Friday, November 16, 2012

Members of the Power Board approved a look into the Dyersburg Electric System's pension program and a pole-attachment fee increase for CableOne at the organization's regular November meeting.

At the Power Board's meeting on Wednesday, Nov. 14, DES President and CEO Stephen Lane requested Power Board members allow attorney John Lannom's office to investigate an alternate or viable solution to the utility's present pension plan.

"We would like to move forward with an analysis," said Lane, who said Lannom's office would proceed with studying options and prep work to establish an alternate plan for new hires.

The move will not affect DES employees already in the current pension program, which will remain in effect until all employees currently enrolled are out.

Lannom said his office will prepare a document that, if approved by Power Board members, will be ready to be approved as policy. The document will have to come before the full Power Board before a change in the pension plan can be approved.

Power Board member David Hayes moved to allow Lannom to move forward on the project, with Rawlin Fowlkes adding a second. The motion passed unanimously.

Lane also requested board members approve an increase in the pole-attachment fee for CableOne at Wednesday's meeting. According to its contract with CableOne, DES must provide a 12-month notice on fee increases. So, approval by Power Board members at Wednesday's meeting will mean an increase in CableOne fees effective January 2014.

"About this time last year, you authorized a fee increase to $19 effective in 2013," said Lane.

Lane said prior to last month's increase CableOne was paying a split fee of $13 in town and $17 in rural areas according to a contract that had been in place since the 1960s. He requested Power Board members raise the fee to $22 effective in January 2014 to bring the fee in line with fees charged to AT&T.

At last year's meeting, Lane said the AT&T charge ranges from $27 to $29 per attachment in all areas.

Fowlkes moved to approve the increase, with Hayes adding a second. The motion passed, unopposed.

Also at the meeting,

* Hayes moved to charge off uncollectible electric accounts in the amount of $7,075.02, with Fowlkes adding a second. The motion passed without opposition, with Lane stating DES collected $1,211.98 of bad debt in the month of October.

* DES Secretary Robbie Richards provided the monthly cash and financial reports, telling Power Board members he expects the effects of the colder November weather to show in next month's report.

* DES Vice President of Human Resources Patsy Roark gave her last accident report, citing the system has completed 4,202 days -- or 11.5 years -- without a lost-time accident.

Roark said the milestone was reached in spite of a DES employee who twisted an ankle reading meters this month. The injury resulted in a few days of restricted duty, but no lost time.

The accident report was Roark's last because she retires effective Friday, Nov. 16.

The next meeting of the Power Board is scheduled in the boardroom at DES at noon, on Wednesday, Dec. 19.


Comments
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Why don't you jerks raise deposits to 5,000.00 per person that way you can continue this pension plan and high salaries for the top management people. Your deposits are too GD high already.

-- Posted by liveshere on Sat, Nov 17, 2012, at 8:49 AM

Maybe if people would pay their GD bills the deposits wouldn't be so high..........

-- Posted by stepreen on Sun, Nov 18, 2012, at 8:28 AM


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