2006-04-19 RMLD Board of Commissioners Minutes

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V i - c U Reading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 April 19, 2006 Start Time of Regular Session: 7:36 p.m. End Time of Regular Session: 8:50 p.m. Attendees: Commissioners: Messrs. Pacino, Soli, Hahn and Ms. O'Neill RMLD Staff: Mr. Cameron Mses. Antonio, Cavagnaro, and O'Leary W Citizens' Advisory Board: Mr. Lessard Vice Chair Soli called the meeting to order at 7:36 p.m. Vice Chair Soli read the following statement into the record, "This meeting of the Reading Municipal Light Department (RMLD) Board of Commissioners April 19, 2006 is being broadcast at the RMLD's office at 230 Ash Street, Reading, MA. Live broadcasts are available only in Reading due to technology constraints. This meeting is being video taped for distribution to the community television stations in North Reading, Wilmington and Lynnfield." Vice Chair Soli said that Mr. Cameron has some good news to share relative to the Calpine bankruptcy. Mr. Cameron stated that the RMLD heard from its legal counsel yesterday, and the stipulation agreement reached with Calpine a few weeks ago, has been approved and signed off by the judge in south Manhattan Bankruptcy Court. Mr. Cameron explained that yesterday started a ten-day appeal period on that stipulation agreement. Mr. Cameron said that if the Department receives the moneys before May 1, the plan is to use the money as an offset in the Fuel Charge calculation that will represent the difference in May of not having the Calpine contract and having the Constellation and Dominion contracts. Report of the Chairman of the Board Vice Chair Soli said that at the recent election, RMLD Board Commissioner Hahn was re-elected and he welcomed new RMLD Board Commissioner Mary Ellen O'Neill. RMLD Board of Commissioners Reorganization Vice Chair Soli then addressed the RMLD Board reorganization. Chairman Mr. Hahn made a motion seconded by Ms. O'Neill to nominate Mr. Pacino for Chairman. Motion carried 4:0:0. Mr. Hahn made a motion seconded by Ms. O'Neill that the nominations be closed. Motion carried 4:0:0. Mr. Hahn made a motion seconded by Ms. O'Neill to vote for Mr. Pacino for Chairman. Motion carried 4:0:0. CAB Chair Lessard congratulated Mary Ellen O'Neill on her election to the RMLD Board as well as the re-election of Richard Hahn. Mr. Lessard stated that it was a pleasure to work with Ms. ONeill for the short time she was a CAB member. Mr. Lessard said that Ms. O'Neill provided a great deal of input to the CAB and she will do well as a RMLD Board Commissioner. Vice Chair Chairman Pacino opened the nominations for Vice Chair. Mr. Soli made a motion seconded by Mr. Hahn to nominate Ms. Kearns for Vice Chair. Motion carried 4:0:0.