TEPA board discusses J.Y. Keith commercial bill

RIPLEY — The Tippah Electric Power Association Board of Directors took the following actions during its meeting March 12, 2009, according to the most recently available board minutes. The meeting was called to order by Board President Wallace Tomlinson at 6 p.m. All Board members were present. Others present at the meeting included Sam Buchanan, Kerry Cockrell, Carolyn Craft, Brad Dillard and Janice Shaw. Janice Shaw, a member of TEPA, presented information concerning a commercial bill held in the name J.Y. Keith. The board voted for the office to investigate whether commercial or residential rates should have been charged on this property, whether sales tax should have been assessed, and what amount of reimbursement, if any, may be owed. The board voted to approve the minutes from the Feb. 12, 2009, board meeting. Kerry Cockrell presented a cash flow/materials and supplies report for the time period Feb. 1, 2009, through Feb. 28, 2009. The board voted to adopt the cash flow statement, et. al. Sam Buchanan and Brad Dillard advised the board concerning a possible hearing before the Public Service Commission. The board voted to allow Board Attorney Brad Dillard to handle this matter. Carolyn Craft presented liability insurance quotes to the board for consideration. The lowest quote was from the Board’s current insurer, Federated Insurance, with the next best quote being from AON. The board voted to accept the Federated Insurance bid for liability insurance. The board voted that TEPA’s verbal policy adopted in approximately 1980 concerning deposits for restaurants or other businesses which serve food, and for gas stations, be clarified and continued. John Stanford did not vote. The policy is as follows: (1) Retail restaurants and businesses which serve food, and gas stations, would be required to post a deposit in an amount double that of their average monthly use for the prior twelve months; (2) Existing TEPA customers who were receiving service prior to Jan. 1, 1980, would be “grandfathered” and excluded from this requirement; (3) These deposits will be assessed on an annual basis. As annual assessments are performed, letters requesting changes in deposits will be sent to customers as quickly as possible. Sam Buchanan requested that he be given permission to forward bankruptcy matters directly to Board Attorney Brad Dillard for handling without further Board approval. The board voted to do so. John Stanford did not vote. The board voted to amend prior board minutes consistent with the board’s discussion. The meeting was adjourned by Board President Wallace Tomlinson at approximately 8:10 p.m.

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