HomeMy WebLinkAbout2011-10-26 RMLD Board of Commissioners Minutes Reading Municipal Light Board of Commissioners
Regular Session RECEIVED
230 Ash Street TOWN CLERK
Reading,MA 01867 R E A U I N G. M A S S.
October 26,2011
Start Time of Regular Session: 7:32 p.m. 2011 DEC —8 P Z 55
End Time of Regular Session: 9:15 p.m.
Attendees:
Commissioners:
Richard Hahn,Chairman Philip B.Pacino,Vice Chair
Mary Ellen O'Neill,Secretary Gina Snyder,Commissioner
Robert Soli,Commissioner
Staff:
Vinnie Cameron,General Manager Beth Ellen Antonio,Human Resources Manager
Jared Carpenter,Energy Efficiency Engineer Jeanne Foti,Executive Assistant
Robert Fournier,Accounting/Business Manager Jane Parenteau,Energy Services Manager
Kevin Sullivan,E&O Manager
Citizens'Advisory Board
George Hooper,Member
Chairman Hahn called the meeting to order and stated that the meeting of the Reading Municipal Light Department(RMLD)
Board of Commissioners is being broadcast live at the RMLD's office at 230 Ash Street,Reading,MA. Live broadcasts are
available only in Reading due to technology constraints. The meeting was video taped for distribution to the community
television stations in North Reading,Wilmington and Lynnfield.
Opening Remarks/Approval of Meeting Agenda
There were no suggested changes to the agenda.
4troductions
There were no members of the public present.CAB representative George Hooper had nothing to report.
Presentation-Ron D'Addario—Cities for Climate Protection Program Committee(Attachment 1)
Activities Update
Mr.Cameron stated that annually the Chairman of the Cities for Climate Protection Program(CCPP)Committee for the town
of Reading gives a presentation of its activities.
Mr. D'Addario stated that he and Ms. Snyder formed the CCPP Committee seven years ago. Mr. D'Addario thanked the
RMLD Board and Mr. Cameron for the assistance the RMLD has provided over the years. The RMLD was instrumental in
getting the Committee up and running. The RMLD has provided a laptop and workspace that their intern used to gather
Reading's energy use as well as representation from RMLD by Michele Benson and now Laurie Ann Sylvia. The RMLD
also had three Earth Day events at its facility. The Committee has also shown movies at the RMLD on climate change.
Mr. D'Addario discussed the four issues the CCPP Committee has been involved with such as the Green Business Breakfast
Roundtable, Green Business Award, Revising the Light Bill and A Recommended Increase of Renewable Energy. The
business community indicated an interest in having a pamphlet with recommendations for conservation and energy efficiency
that could be easily implemented by small businesses. RMLD's Energy Efficiency Engineer, Mr. Carpenter, followed
through on this and had one drawn up by August. This has been distributed to the Chamber of Commerce members. The
criterion for the Green Business Award, includes reduced electrical use and other environmentally sustainable efforts, was
developed by the CCPP Committee and RMLD staff.
Mr. D'Addario discussed the billing format used by National Grid. That bill provides a comparison between the customer's
usage and that of his/her neighbors. This type of utility billing with the social comparison component has a positive effect on
consumers' energy usage, Mr. D'Addario said. The CCPP Committee would like the RMLD to consider adopting this type
6 f billing format.
Regular Session Meeting Minutes 2
October 26,2011
Presentation-Ron D'Addario—Cities for Climate Protection Program Committee(Attachment 1)
Activities Update
Mr. D'Addario then reviewed the CCPP Committee's goal to reduce CO (2) emissions and its recommendation that the
RMLD increase its purchase ofrem,ieVable eacrgy:sjgnificantly. He pointed out that according to the EPA, the generation of
electricity is the single largest source of CO(2)emissions responsible for 47%of all such emissions. Mr.D'Addario went on
to discuss the enormous implications of climate change and he encouraged the RMLD Boatd to be bold in its approach to it.
Ms. Snyder asked if OPower creates the social comparison bill format. Mr. D'Addario responded that they do.
Ms. O'Neill thanked Mr. D'Addario for an informative and inspirational presentation. Ms. O'Neill asked Mr. D'Addario
about the CCP website. Mr. D'Addario explained that the website is currently at a standstill. They are working with Bob
LeLacheur on the website,how to get that up and running due to the loss of Tracy Sopchak as their web master. Ms. O'Neill
suggested that once the CCP website is up and running it could be publicized on the RMLD's website and in the In Brief.
Chairman Hahn said that he gets the billing comparison from the gas company which is sent separately,and asked if sending
this separately has more impact. Mr.D'Addario replies that he does think it has a greater impact. Chairman Hahn cannot see
why the RMLD cannot do this instead of OPower. Mr.Cameron replied that he will look into this.
Chairman Hahn thanked Mr. D'Addario for his presentation.
Approval of September 28,2011 Board Minutes
Ms.O'Neill made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners approve the Regular Session
meeting minutes of September 28,2011 as presented.
Motion carried 5:0:0.
Mr.Pacino suggested shortening the length of the minutes. Ms.O'Neill commented that the secretaries will continue to work
on this.
Report from Board Committees—Power&Rate Committee-Chairman Hahn
Chairman Hahn reported that on October 24 there was a joint meeting of the Power& Rate Committee with the Citizens'
Advisory Board (CAB). The subject requested by the CAB was to discuss the RMLD Policy on Renewable Energy
Certificates that the RMLD currently has now to backstop the Green Choice Program. Since the RMLD has contracts with
specific,physical renewable generators a decision needs to be made as a Board with the CAB on what we do and how to treat
these RFC's. There was a lively discussion. The Department staff needs to provide the Committee and the CAB with more
information before a recommendation can be made as to whether to keep or sell the RECs associated with the purchase of
renewable energy power supplies. Chairman Hahn stated that he is hoping that the information requested two meetings ago
will be available within a week so that another joint meeting can be held with the CAB. It is important because the RMLD is
involved with power procurement every day of the week and the Department needs direction.
Mr. Soli reported that twice a year a member of the RMD Audit Committee meets with the RMLD Accountant and the Town
Accountant; this meeting was held recently. The two items that came out of the meeting were one the town is going out for
health care insurance bids and two the town is having a good year financially. Mr. Pacino added that he appreciates Mr. Soli
covering these meetings because they occur during the day.
Ms. O'Neill asked whether the Power & Rate Committee would be discussing a renewable energy goal for the RMLD's
power supply portfolio. Chairman Hahn said that the first thing the committee needs to do is address the issue of what to do
with the RECs because it needs to be resolved sooner and because that decision will have an impact on the renewable energy
goal.
Mr. Pacino reported that on Saturday, October 22, he, Messrs. Hahn, Carakatsane, and Hooper and Ms. Snyder toured the
hydroelectric plant in Pepperell which is located on the Nashua River. Mr. Pacino commented that they were able to tour the
facility which included the dam and penstock and that it was a very worthwhile visit.
General Manager's Report—Mr.Cameron
Mr.Cameron reported on the following:
Salvation Army Good Neighbor Energy Fund
The Salvation Army's Good Neighbor Energy Fund is currently conducting its annual blanket and sweatshirt drive.
Donations may be dropped off in the General Manager's Conference Room and will be given to Ms.Gottwald.
Regular Session Meeting Minutes 3
October 26,2011
General Manager's Report—Mr.Cameron
�nual Report
e RMLD's Annual Report is scheduled to be ready for the Town of Reading Subsequent Town Meeting on November 14.
Calendar
The RMLD historic calendars will be printed shortly and will be available in November.
Holiday Lighting
The Reading Holiday Lighting Festival is on Sunday, November 27 from 1:00 p.m. to 4:00 p.m. and the lights on the
common will be turned on. Mr. Cameron reported that the RMLD has been donating energy efficient lighting to the four
towns for the last four or five years that provide a payback of two years
Reading Community Television Taping—Thursday,October 27
Mr. Cameron stated that he will be taping a show for Reading Community Television (RCTV), Community Connections
hosted by Kevin Vendt,which will be taped tomorrow evening and is uncertain when it will be aired. Mr.Cameron said that
the show will be a half hour segment and he will speak about the RMLD,the Time of Use rate and energy conservation.
On another matter, Mr. Pacino asked if the RMLD is involved with the former Addison Wesley building demolition on
Saturday. October 29. Mr. Cameron stated that he was in a meeting with town officials and asked if they needed assistance,
they did not.
Financial Report—September,2011—Mr.Fournier(Attachment 2)
Mr.Fournier reported on the Financial Report for September 2011,the first quarter of FY2012 results.
Mr. Fournier reported that for the month of September year to date Net Income is $466,000 making the year to date Net
Income $1.9 million, coming in under budget by $1.5 million. Mr. Fournier said that the year to date Fuel Expenses
exceeded Fuel Revenues by $108,000. Year to date Base Revenues are under budget by $855,000 or 6%. Actual Base
Revenues were $13.1 million compared to the budgeted amount of$13.9 million. Purchase Power Base was $270,000 or
V%under budget. Actual Purchase Power Base costs were$7.2 million compared to the budgeted amount of$7.5 million.
Operating and Maintenance expenses were under budget by $62,000 or 2%. Actual Operating and Maintenance expenses
were$2.8 million compared to the budgeted amount of$2.9 million. Depreciation Expense and Voluntary Payments to the
Towns were on budget. Year to date kilowatt sales were 202 million or 2.7%below last year's figures.
With regard to the energy conservation program,$139,000 was collected in the first quarter;$170,863 was expended,leaving
a program balance of$139,384.The revenues for the hazardous waste surcharge were$202,220 for the first quarter,a total of
$809,395 since the temporary charge was imposed.
Cumulatively,all five divisions were under budget by$171,000 or 3.6%.
Mr. Fournier reported on the quarterly report for the Pension Trusts. The Net Assets are$5.8 million and the RMLD has not
received its annual assessment from the town. Last year the RMLD paid $1.3 million for its portion to the town. Mr.
Fournier commented that this is the year for the actuarial valuation which is performed every other year. Mr. Fournier added
that$250,000 has been budgeted for that contribution which may not be sufficient.
Ms.O'Neill commented that she looked at the minutes from the September meeting that state that an"an additional$800,000
was paid into the retirement system." Ms.O'Neill stated that the intention was to transfer an additional$1 million to the trust
fund such that the total contribution for FY2011 would be$1.2 million. Mr. Fournier explained that$200,000 was budgeted
and the additional$800,000 brought it to the$1 million contribution. Ms. Snyder agreed with Ms. O'Neill. Mr. Pacino said
that he understood the total contribution to be$1 million.
Ms.O'Neill asked when the actuarial valuation bid would go out. Mr. Fournier replied that the bid will go out the beginning
of next year with the actuarial report completed in early spring and the RMLD will make the contribution in May.
Mr. Soli asked if Base Revenues and Fuel Revenues were down due to a cool summer and less electricity being sold
0pared to last year. Mr. Fournier replied that for the first quarter the RMLD is down 5.6 million kilowatt hours sold or
romo than last year,hence the numbers are down based on kilowatt hour sales.
Regular Session Meeting Minutes 4
October 26,2011
Power Supply Report—September,2011—Ms.Parenteau(Attachment 3)
Ms. Parenteau reported that RMLD's load for September was 60.1 million kilowatt hours, little less than a 1% decrease •
compared to September 2010. Energy costs were$2.91 million,equivalent to$.0484 per kilowatt hour. The September Fuel
Charge was set at $.0500/kWh and is anticipated to remain at this level. RMLD sales totaled approximately 63.3 million
kilowatt hours and, as a result, the RMLD overcollected by approximately $193,000 resulting in a Deferred Fuel Cash
Reserve(DFCR)balance of$3.16 million. The current projection is to have the DFCR balance at$2.2 million by the end of
December.
Ms. Parenteau reported that the RMLD purchased approximately 20.3%of its energy requirement from the ISO Spot Market
at an average cost of$42/megawatt hour. The RMLD hit a peak demand of 124 megawatts at 4:00 p.m. on September 14,
2011 with a temperature of 85 degrees as compared to a demand of 161 megawatts, which occurred on September 1,2010 at
5:00 p.m. with a temperature 92 degrees. Temperature is correlated with the peak demand.
The RMLD's monthly capacity requirement was 199.8 megawatts based on last year's peak. The RMLD paid $1.4 million
for capacity equivalent to$7.13 per kilowatt-month.
Ms. Parenteau reported that transmission costs for September were$778,000 a 19%decrease from August 2011.
Mr. Soli commented that he has a request in Table 4: to add up the energy and capacity costs,divide by kilowatt hours, with
the end result a total cents per kilowatt hour amount. Ms.Parenteau said that she anticipated this based on Monday's meeting
and will incorporate that in next month's report.
Chairman Hahn asked if $3.43 per kilowatt month for capacity is what load entities like the RMLD are paying. Ms.
Parenteau replied that is correct. Chairman Hahn clarified that the revenues generated is 295. Ms.Parenteau commented that
it is a little higher because it includes some demand response. Chairman Hahn said that the reason for that is the installed
capacity requirement is prorated. Chairman Hahn said that the generator rate is higher because all load serving entities in
New England have to make up that shortfall. Ms.Parenteau replied that is correct.
Mr. Soli asked for clarification on Table 3 relative to ISO. Ms. Parenteau explained that ISO is the clearing house and ISO
pays all the generators that have that obligation. Ms. Parenteau said that the RMLD could satisfy its requirements with
sources within its portfolio. However,the RMLD is short so they have gone to the Spot Market for a portion of its capacity.
Ms. Snyder asked for clarification. Is the RMLD power supply portfolio for the purchasing of power? Ms. Parenteau
explained that the RMLD has a portfolio that it utilizes to meet its capacity requirement, and energy purchased. Chairman
Hahn commented that the position in the capacity market was intentional because it was the most economical option for our
customers.
Engineering and Operations Report—September,2011 -Mr.Sullivan(Attachment 4)
Gaw Update
Mr. Sullivan reported that the Gaw Substation Transformer Upgrade project is complete. Mr. Sullivan stated that there was
an increase of$42,000 in contract labor for the general contractor. Chairman Hahn asked in a couple of months will the Gaw
project be off the books. Mr. Sullivan replied that the only thing left is retainage. Mr. Sullivan reported there is nothing to
report on the soil remediation. Ms. Snyder complimented Mr. Sullivan on the flowers at the Gaw substation.
Mr. Sullivan stated that there are 10,500 meters installed as part of the meter upgrade project.
In the variance report Project 1 — 5W9 Reconductoring — Ballardvale Street — is being worked on, and Project 2 — High
Capacity Tie 4W 18-is being worked on. There were 23 cut outs replaced during the month for a total of 88.
In the Reliability Report the CAIDI number is down significantly due to the types of storms and the reduction in lighting
strikes. The CAIDI rolling average is up marginally due to losing the 18.66 CAIDI figure from September 2010 and
recording this month's figure of 46.90 minutes.
The System Average Interruption Frequency Index (SAIFI) is down significantly because of the number of customers
affected between August, over 2,000, and September, 772. The rolling average is down marginally due to the favorable
figures. qW
The Months between Interruptions(MBTI)went from 27 to 26 months.
Regular Session Meeting Minutes 5
October 26,2011
Engineering and Operations Report–September,2011-Mr.Sullivan(Attachment 4)
aw Update
e total numbers of calls for the month were 181,outages 27;customers affected 772, feeder outages 2,area outages 17 and
service outages 8. Tree conditions are virtually the same. There was one faulted transformer for the month with the total
twelve or thirteen.
Ms. O'Neill stated that she had a question for events affecting more than 15%of the service territory which are not included
in this reporting. Ms. O'Neill said that she has lost her power for three hours in both August and October. Ms. O'Neill
commented that she does not understand how these larger events are being reported. The monthly Reliability Report does not
demonstrate what customers are experiencing. Mr. Sullivan replied that it is industry standard that he is following. Mr.
Sullivan added the outage on October 5 was caused by a different utility. Ms. O'Neill pointed out that thunder and lighting
are neither our fault nor was the outage on October 5,but it does not speak to what is really happening to the customer. Ms.
O'Neill said that she would like something that reflects what is really happening to RMLD customers. Mr. Sullivan added
that major events include hurricanes and tornadoes and those types of catastrophic events. Mr. Sullivan pointed out that these
are atypical events it is counterproductive to include these in the reporting. Ms.O'Neill pointed out that these types of events
should be listed in the narrative as to how long and why. It should be a notation in the write up.
NTSAR Outage–Wednesday,October 5,2011
Mr. Sullivan reported that on October 5 the RMLD service territory experienced a catastrophic outage which affected
approximately 65 percent of RMLD's customers. What precipitated this was that NTSAR feeds the RMLD with two I I5KV
lines that come in across Route 93 into the Gaw substation. One of those lines was out for line maintenance and NTSAR had
taken out a permit to do so. The permit had a two week timeframe and they were just fmishing up with the work in the right of
way when something went wrong. NTSAR was rebuilding a structure which means putting up telephone poles with cross arms
to re-support the line that was out and one of the poles fell into the remaining operational line. This put all of Reading,
Wilmington,parts of North Reading and Lynnfield out as well as other towns in Massachusetts. This occurred after 1:00 p.m.
and the RMLD was led to believe that the power would be back in an hour and a half. The RMLD did consider switching,but
by the time this would be done the power would be restored. If it was conceived that the outage would be more than two hours
en the entire mindset of the Department would have been different in terms of switching.
another matter, Mr. Sullivan reported that this past Friday he was representing the RMLD for the fust time at a final exit
interview at a North American Electric Reliability Corporation. (NERC) Audit. Unofficially, Mr. Sullivan has received news
that the RMLD has passed through the audit without any findings. They gave the RMLD accolades in how well the culture of
compliance has been demonstrated throughout the audit. Also they were impressed with the responsiveness of the RMLD to get
documentation to NERC. The auditors mentioned that it will pay dividends in future audits. Mr. Sullivan commented that
future audits will not be as invasive. The RMLD was held to 22 standards with no findings. The next audit will take place six
years from now. Mr. Sullivan wanted to thank his staff and make the Board aware of this.
Chairman Hahn said that he was not home this weekend,but a meter reader came to change the meter. Chairman Hahn said
the meter reader knocked on the door, showed their ID card and explained that he would be changing out the meter. It took
no more than four minutes and the power was not affected. He was impressed by this.
Mr. Soli said that he has a positive experience to share on the meter change out because the homes in his neighborhood are 60
years old. The electrical material duct seal used coming into the meter during that timeframe was not quality according to
electricians. Mr. Soli was impressed by the meter reader's knowledge of this problem, and mentioned that customers with
homes this old should be made aware of this problem.
General Discussion
Mr.Pacino asked about putting the Pepperell hydro pictures on the RMLD's website. Mr. Cameron said there will be a press
release on this and he will make sure the pictures will be on the web site.
BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED
Rate Comparisons,October 2011
E-Mail responses to Account Payable/Payroll Questions
-4LD Board Meetines
Wednesday,December 7,2011,Wednesday January 4,2012,Wednesday,January 25,2012
Thursday,January 5,2012,T-Shirt Award Ceremony
Regular Session Meeting Minutes 6
October 26,2011
RMLD Board Committee Meetine
RMLD General Manager Committee,Tuesday,November 8,2011 changed to Monday,November 7,2011
Executive Session
At 8:45 a.m. Ms. O'Neill made a motion seconded by Ms. Snyder that the Board go into Executive Session to discuss
MMWEC Arbitration and NTSAR Radial Line Payment and return to Regular Session for adjournment.
Mr. Soli,Aye;Ms. Snyder,Aye;Chairman Hahn,Aye Mr. Pacino,Aye;and Ms. O'Neill,Aye.
Motion carried 5:0:0.
Adjournment
At 9:15 p.m.Mr. Soli made a motion seconded by Ms.O'Neill to adjourn the Regular Session.
Motion carried 5:0:0.
A true copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
Mary Ellen O'Neill,Secretary
RMLD Board of Commissioners
ATTACHMENT 1
L
�I f
Plannm
forum focuses on rising sea levels
Recent deluge spurs need planner for the Metropolitan Area Planning eta lead to land loss,mon flooding,and saltwa
Council,said after conducting an Oct.11 work- ter invading bodies of fresh water,Cleaves sale
for more data collection shop at the Peabody Institute Ubrary in Dan- there isn't necessarily a direct correlation be•
vers on the rising sea levels in area communi- tween rising sea levels and the type of rainstorm
By Justin A.Rice ties. and flooding the region saw on Oct.4.
GaABE CORRESPONDENT "National disasters and climate prepared- But one member of the workshop noted that
The organizers of a new regional effort to ness are more on people'a minds since 2005 and the severe rain was coupled with high tides.ar
combat rising sea levels didn't launch their ini- (Hurricane]Katrina.We're not playing on any event that is likely to occur more often in the fu,
tiative in response to the widespread flooding specific disaster,but I think people are paying Lure.
that hit the North region on Cit 4,but the tim- more attention to climate change after a string "One of the pretty well-documented effect,
ing doesn't hurt their cause. of big events—the snowstorms last winter and of climate change is you get intense pnecipita-
`The flooding of Peabody Square,a train line the flooding two weeks ago.They start to add up tion events,"Cleaves said."Sea-level rise sort of
underwater in Swampscott,both those are and people start to think about le is a part of that,but when you get five inches of
member towns,"Sam Cleaves, senior regional While studies have shown that riding sea lev- SEA LEVIM Pa"s
I
t
Y:
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UtAI!SOOHOS[AN FOR HE D08TON c31,01e
Earlier this month in Peabody,Ellen Casey watches from the
steps of her apartment building on Foster Street
Form sets sights
on rising n sea levels
►SEA LEVELS
ConriauedJFom Page t
rain in three hours, it's sort of
hard for anyone's local drains to
keep up and you get flooding in
low snots."
Julie Knisel,of the state Ener-
and Environmental Affairs Of-
fice of Coastal Zone Manage-
ment, said sea Ievels have risen
about a foot in the last 100 years.
'We cx;uld see double that rate
in the next .50 to 100 years."she
said.
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ATTACHMENT 2
Dt: October 21, 2011
To: RIALB, Vincent F. Cameron, Jr., Jeanne Foti
Fr: Bob Fournier A�
Sj: September 30, 2011 Report
The results for the first quarter ending September 30. 2011, for the fiscal year
2012 will be summarized in the following paragraphs.
1) Change in Net Assets: (Page 3A)
For the month of September, the net income or the positive change in net assets
was $466,878, bringing the year to date net income to $1,934,050. The year to
date budgeted net income was $3,461,014, the difference being $1,526,963 or
44.12% under budget. Year to date fuel revenues exceeded fuel expenses by
$108,613.
2) Revenues: (Page 1113)
Year to date base revenues were under budget by $855,202 or 6.12%. Actual
base revenues were $13.1 million compared to the budgeted amount of$13.9
million.
3) Expenses: (Page 12A)
*Year to date purchased power base expense was $270,092 or 3.6% under budget.
Actual purchased power base costs were $7.2 million compared to the budgeted
amount of$7.5 million.
*Year to date operating and maintenance (O&M) expenses combined were under
budget by $62,745 or 2.14%. Actual O&M expenses were $2.8 million compared
to the budgeted amount of$2.9 million.
*Depreciation expense and voluntary payments to the Towns were on budget.
4) General Information:
Year to date kwh sales (Page 5) were 202,193,253, which is 5.6 million kwh or
2.7%, behind last year's figure. First quarter results for the Energy Conservation
Program shows that $139,000 were collected and $170,863 were spent leaving a
remaining balance of$139,384. GAW revenues collected in Q1 were $202,220
bringing the total collected to date to $809,395.
6) Budget Variance:
Cumulatively, the five divisions were under budget by $171,598 or 3.6%.
•
FINANCIAL REPORT
• SEPTEMBER 30, 2011
• ISSUE DATE: OCTOBER 21 , 2011
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
9/30/11
PREVIOUS YEAR CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH (SCH A P.9) 4,879,701.60 7,727,337.64
RESTRICTED CASH (SCH A P.9) 15,197,199.73 17,432,801.95
RESTRICTED INVESTMENTS (SCH A P.9) 2,200,000.00 2,200,000.00
RECEIVABLES, NET (SCH B P.10) 9,358,167,27 8,618,731.67
PREPAID EXPENSES (SCH B P.10) 1,577,313.43 1,184,582.49
INVENTORY 1,598,313.60 1,589,568.46
TOTAL CURRENT ASSETS 34,810,695.63 36,753,022.21
NONCURRENT
INVESTMENT IN ASSOCIATED CO (SCH C P.2) 97,690.11 73,765.66
CAPITAL ASSETS, NET (SCH C P.2) 66,888,739.15 67,544,552.06
TOTAL NONCURRENT ASSETS 66,986,429.26 67,618,317.72
TOTAL ASSETS 101,797,124.89 106,371,339.93
LIABILITIES
• CURRENT
ACCOUNTS PAYABLE 5,425,029.01 5,797,210.38
CUSTOMER DEPOSITS 500,259.67 575,304.34
CUSTOMER ADVANCES FOR CONSTRUCTION 349,729.00 307,309.94
ACCRUED LIABILITIES 907,691.05 1,219,183.70
TOTAL CURRENT LIABILITIES 7,182,708.73 7,899,008.36
NONCURRENT
ACCRUED EMPLOYEE COMPENSATED ABSENCES 3,020,032.75 2,934,698.58
TOTAL NONCURRENT LIABILITIES 3,020,032.75 2,934,698.58
TOTAL LIABILITIES 10,202,741.48 10,833,706.94
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 66,888,739.15 67,544,552.06
RESTRICTED FOR DEPRECIATION FUND (P.9) 4,887,487.58 4,316,536.39
UNRESTRICTED 19,818,156.68 23,676,544.54
TOTAL NET ASSETS (P.3) 91,594,383.41 95,537,632.99
TOTAL LIABILITIES AND NET ASSETS 101,797,124.89 106,371,339.93
(1)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
9/30/11
SCHEDULE C
PREVIOUS YEAR CURRENT YEAR
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC 36,244.74 15,747.64
NEW ENGLAND HYDRO TRANSMISSION 61,445.37 58,018.02
TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 97,690.11 73,765.66
SCHEDULE OF CAPITAL ASSETS
LAND 1,265,842.23 1,265,842.23
STRUCTURES AND IMPROVEMENTS 6,746,734.96 6,537,440.54
EQUIPMENT AND FURNISHINGS 12,736,853.40 12,875,856.15
INFRASTRUCTURE 46,135,308.56 46,865,43.14
TOTAL CAPITAL ASSETS, NET 66,888,739.15 67,544,552.06 -
TOTAL
7 544 552 06TOTAL NONCURRENT ASSETS 66,986.429.26 67,618,317.72
(2)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
. BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
9/30/11
MONTH MONTH LAST YEAR CURRENT YEAR YTD
LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
OPERATING REVENUES: (SCH D P.11)
BASE REVENUE 4,401,254.43 4,101,465.06 12,425,647.55 13,108,940.18 5.50€
FUEL REVENUE 4,007,231.89 3,166,562.64 11,202,572.27 11,140,849.89 -0.55€
PURCHASED POWER CAPACITY 56,917.20 (1=,035.17) 1,003,982.02 (38,410.36) -103.83€
FORFEITED DISCOUNTS 82,047.97 90,305.27 279,827.29 258,929.20 -7.47€
ENERGY CONSERVATION REVENUE 54,420.78 43,651.05 163,545.87 139,459.33 -14.73€
GAN REVENUE 67,915.44 63,342.26 67,915.44 202,220.72 100.00€
NYPF, CREDIT f52 6G_-.99' (50.864.90` ;'202 ,044 6a� r 9(1.3£'.29` -5.34k-
TOTAL
5.34€TOTAL OPERATING REVENUES 8,617,124.72 7,394,421.23 24,942,395.75 24,621,616.67 -1.29€
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE 2,427,569.76 2,522,109.25 7,394,319.87 7,242,073.39 -2.06€
PURCHASED POWER FUEL 3,437,081.39 2,914,869.40 12,144,061.42 10,841,874.20 -10.72€
OPERATING 603,997.60 687,339.16 1,943,861.81 2,187,560.56 12.54%
MAINTENANCE 260,722.75 242,756.88 1,034,870.51 683,341.53 -33.97%
DEPRECIATION 287,729.05 296,027.47 863,187.15 888,082.41 2.88€
VOLUNTARY PAYMENTS TO TOWNS 110.000.00 113.000.00 330.000.00 339,000.00 2.73%
TOTAL OPERATING EXPENSES 7,127,100.55 6,776,102.16 23,710,300.76 22,181,932.09 -6.45%
OPERATING INCOME 1,490,024.17 618,319.07 1,232,094.99 2,439,686.58 98.01%
I&RATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST 5,085.86 0.00 14,987.06 3,686.00 -75.41%
RETURN ON INVESTMENT TO READING (180,990.00) (183,829.75) (542,970.00) (551,489.25) 1.57€
INTEREST INCOME 4,119.01 30,315.40 47,596.57 35,306.56 -25.82%
INTEREST EXPENSE (1,017.96) (511.83) (3,054.27) (1,52.37) -50.16%
OTHER (MDSE AND AMORT) 14,455.77 2,585.00 25,864.45 8,383.00 -67.599
TOTAL NONOPERATING REV (ERP) (158,347.32) (151,441.18) (457,576.19) (505,636.06) 10.50%
CHANGE IN NET ASSETS 1.331,676.85 466,877.89 774,518.80 1,934,050.52 149.71%
NET ASSETS AT BEGINNING OF YEAR 90,819,864.61 93,603,582.47 3.07%
NET ASSETS AT END OF SEPTEMBER 91 594 383.41 95 537 632.99 4.31%
(3)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
9/30/11
ACTUAL BUDGET %
YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE
OPERATING REVENUES: (SCB F P.11B)
BASE REVENUE 13,108,940.18 13,964,143.00 (855,202.82) -6.12%
FUEL REVENUE 11,140,849.69 12,094,120.00 (9'1.27C.11) -7.88%
PURCHASED POWER CAPACITY (36,416.36) (39,966.00) 1,547.64 -3.87%
FORFEITED DISCOUNTS 258,929.20 307,211.00 (46,28:.80) -15.72%
ENERGY CONSERVATION REVENUE 139,459.33 155,884.00 (16,424.67) -10.54%
CAW REVENUE 202,220.72 173,439.00 28,781.72 16.59%
NYPA CREDIT 196.36..29' (15C,OOP.00' (4('.3 ''.29, 26.91%
TOTAL OPERATING REVENUES 24,621,618.67 26,504,631.00 BE1,�1�.�3; -7.11%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER BASE 7,242,073.39 7,512,166.00 (270,092.61) -3.60%
PURCHASED POWER FUEL 10,841,874.20 10,977,503.00 (135,628.80) -1.24%
OPERATING 2,187,560.56 2,246,240.00 (58,679.44) -2.61%
MAINTENANCE 683,341.53 687,408.00 (4,066.47) -0.59%
DEPRECIATION 888,082.41 900,000.00 (11,917.59) -1.32%
VOLUNTARY PAYMENTS TO TOWNS 339,000.00 339,000.00 0.00 0.00%
TOTAL OPERATING EXPENSES 22,181,932.09 22,662,317.00 (480,384.91) -2.12%
OPERATING INCOME 2,439,686.58 3,842,514.00 (1,402,827.42) -36.51%
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST 3,686.00 100,000.00 (96,314.00) -96.31%
RETURN ON INVESTMENT TO READING (551,489.25) (555,000.00) 3,510,75 -0.63%
INTEREST INCOME 35,306.56 45,000.00 (9,693.44) -21.54%
INTEREST EXPENSE (1,522.37) (1,500.00) (22.37) 1.49%
OTHER (MDSE AND AMORT) 8,363.00 30,000.00 (21,617.00) -72.06%
TOTAL NONOPERATING REV (EXP) (505,636.06) (381,500.00) (124,136.06) 32.54%
CHANGE IN NET ASSETS 1,934,050.52 3,461,014.00 (1,526,963.48) -44.12%
NET ASSETS AT BEGINNING OF YEAR 93,603,582.47 88,039,716.12 5,563,866.35 6.32%
NET ASSETS AT END OF SEPTEMBER 95,537,632.99 91,500,730.12 41036,902.87 4.41%
• ( ) ACTUAL UNDER BUDGET
(3A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
9/30/11
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/11 4,297,944.13
CONSTRUCTION FUND BALANCE 7/1/11 0.00
INTEREST ON DEPRECIATION FUND FY 12 2,634.73
DEPRECIATION TRANSFER FY 12 886,082.41
FORCED ACCOUNTS REIMBURSEMENT 0.00
GAF? SUBSTATION (FY 12) 0.00
TOTAL SOURCE OF CAPITAL FUNDS 5,188,661.27
USE OF CAPITAL FUNDS:
PAID ADDITIONS TO PLANT THRU SEPTEMBER 872,124.88
PAID ADDITIONS TO CAW THRU SEPTEMBER 0.00
TOTAL USE OF CAPITAL FUNDS 872,124.88
GENERAL LEDGER CAPITAL FUNDS BALANCE 9/30/11 4,316,536.39
PAID ADDITIONS TO GAW FROM FY 12 0.00
PAID ADDITIONS TO GAW FROM FY 11 531,784.00
PAID ADDITIONS TO GAW FROM FY 10 1,372,876.00
PAID ADDITIONS TO GAW FROM FY 09 3,136,764.00
PAID ADDITIONS TO GAW FROM FY 08 1,895,975.00
TOTAL 6,937,399.00
AdOL
lw
(4)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF KILOWATT HOURS
9/30/11
MONTH MONTH LAST YEAR CURRENT YEAR YTD %
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 25,067,355 23,653,277 82,803,011 77,935,215 -5.88%
COMM. AND INDUSTRIAL SALES 40,227,709 37,199,621 117,498,656 116,673,493 -0.70%
PRIVATE STREET LIGHTING 71,070 73,370 213,302 218,948 2.65%
TOTAL PRIVATE CONSUMERS 65,366,134 60,926,268 200,514,969 194.627,656 -2.B4%
MUNICIPAL SALES:
STREET LIGHTING 236,701 239,052 716,255 717,156 0.13%
MUNICIPAL BUILDINGS 857,818 812,997 2,526,632 2,599,996 2.90%
TOTAL MUNICIPAL CONSUMERS 1.096,519 1,052.049 3.242,887 3,317,152 2.29%
SALES FOR RESALE 366,494 347,858 1,133,176 1,097,144 -3.18%
SCHOOL 1,083,347 1,008,589 2,953,375 2,951,301 -0.07%
TOTAL KILOWATT HOURS SOLD 67,9121494 63,334,764 207,844,407 202.193,253 -2.72%
(5)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
9/30/11
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 23,653,277 7,647,759 3,144,444 5,910,269 6,950,805
COMM & IND 37,199,621 4,820,647 297,841 5,906,873 26,174,260
PVT ST LIGHTS 73,370 14,385 1,360 21,116 36,509
PUB ST LIGHTS 239,052 80,436 32,437 39,880 86,299
MUNI BLDGS 812,997 189,724 135,892 164,149 323,232
SALES/RESALE 347,858 347,856 0 0 0
SCHOOL 1,008,589 361,107 227,863 116,120 303,499
TOTAL 63,334,764 13,461,916 3,639.837 12,158,407 33.874,604
YEAR TO DATE
RESIDENTIAL 77,935,215 24,223,703 11,476,165 18,008,378 24,224,969
COMM 6 IND 116,673,493 14,794,516 943,005 18,295,005 82,640,967
PVT ST LIGHTS 218,948 42,547 4,080 63,672 108,649
PUB ST LIGHTS 717,156 241,308 97,311 119,640 258,897
MUNI BLDGS 2,599,996 584,231 447,921 549,066 1,018,778
SALES/RESALE 1,097,144 1,097,144 0 0 0
SCHOOL 2,951,301 1,067,095 686,203 350,400 847,603
TOTAL 202,193,253 42.050,544 13,656,685 37,386,161 109,099,863
LAST YEAR
TO DATE
RESIDENTIAL 82,803,011 25,854,825 12,199,843 19,190,120 25,558,223
COMM & IND 117,498,656 14,499,225 973,826 17,899,106 84,126,499
PVT ST LIGHTS 213,302 41,753 4,080 62,654 104,815
PUB ST LIGHTS 716,255 241,308 97,463 118,971 256,513
MUNI BLDGS 2,526,632 614,921 464,673 560,907 886,131
SALES/RESALE 1,133,176 1,133,176 0 0 0
SCHOOL 2,953,375 1,093,142 663,906 374,600 821,725
TOTAL 207,844,407 43.478,350 14,403,793 38,206,358 111,755,906
KILOWATT HOURS SOLD TO TOTAL
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 37.35% 12.08% 4.96% 9.33% 10.98%
COMM 6 IND 58.73% 7.61% 0.47% 9.33% 41.32%
PVT ST LIGHTS 0.12% 0.02% 0.00% 0.03% 0.07%
PUB ST LIGHTS 0.38% 0.13% 0.05% 0.06% 0.14%
MUNI BLDGS 1.28% 0.30% 0.21% 0.26% 0.51%
SALES/RESALE 0.55% 0.55% 0.00% 0.00% 0.00%
SCHOOL 1.59% 0.57% 0.36% 0.18% 0.48%
TOTAL 100.00% 21.26% 6.05% 19.19% 53.50%
YEAR TO DATE
RESIDENTIAL 38.55% 11.98% 5.68% 8.91% 11.98%
COMM S IND 57.70% 7.32% 0.47% 9.05% 40.86%
PVT ST LIGHTS 0.11% 0.02% 0.00% 0.03% 0.06%
PUB ST LIGHTS 0.35% 0.12% 0.05% 0.06% 0.12%
MUNI BLDGS 1.29% 0.29% 0.22% 0.2796 0.51%
SALES/RESALE 0.54% 0.54% 0.00% 0.00% 0.00%
SCHOOL 1.46% 0.53% 0.34% 0.17% 0.42%
TOTAL 100.00% 20.80% 6.76% 18.49% 53.95%
LAST YEAR
TO DATE
RESIDENTIAL 39.84% 12.44% 5.87% 9.23% 12.30%
COMM 6 IND 56.53% 6.98% 0.47% 8.61% 40.47%
PVT ST LIGHTS 0.10% 0.02% 0.00% 0.03% 0.05%
PUB ST LIGHTS 0.34% 0.12% 0.05% 0.06% 0.11%
MUNI BLDGS 1.22% 0.30% 0.22% 0.27% 0.43%
SALES/RESALE 0.55% 0.55% 0.00% 0.00% 0.00%
SCHOOL 1.42% 0.53% 0.32% 0.18% 0.39%
TOTAL 100.00% 20.94% 6.93% 18.38% 53.75%
(6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA INCOME
9/30/11
TOTAL OPERATING REVENUES (P.3) 24,621,618.67
ADD:
POLE RENTAL 1,455.00
INTEREST INCOME ON CUSTOMER DEPOSITS 269.07
LESS:
OPERATING EXPENSES (P.3) (22,181,932.09)
CUSTOMER DEPOSIT INTEREST EXPENSE (1,522.37)
FORMULI,. INCOME (LOSS) 2.439,888.2E
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
• GENERAL STATISTICS
9/30/11
MONTH OF MONTH OF % CHANGE YEAR THRU
SEP 2010 SEP 2011 2010 2011 SEP 2010 SEP 2011
SALE OF KWH (P.5) 67,912,494 63,334,764 9.18% -2.720 207,844,407 202,193,253
KWH PURCHASED 61,414,052 60,207,277 9.920 -2.850 211,073,048 205,052,461
AVE BASE COST PER KWH 0.039526 0.041890 -9.36? 0.82. 0.035032 0.035318
AVE BASE SALE PER KWH 0.064808 0.064759 5.3316 8.4596 C.059783 0.064834
AVE COST PER KWH 0.095494 0.090304 -4.01% -4.735 0.092567 0.088192
AVE SALE PER KWH 0.123814 0.114756 -6.55% 5.50% 0.113682 0.119934
FUEL CHARGE REVENUE (P.3) 4,007,231.89 3,166,562.64 -9.32% -0.55% 11,202,572.27 11,140,849.89
LOAD FACTOR 52.11% 66.27%
PLOAD 161,453 124,448
(8>
--�-
kwh analysis base cost
-- fuel cost
--*- fuel revenue
$0. 100 - __ - ------ -- _ -- - --- ___ __ ---
-�--- base revenue
$0.085$0.070
-- --
$0.055 ---- -- -- -- -- - --- __ _ --- - _
$0.040 - --
$0.025 - ---- -
$0.010 T-�-r-
o�
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
9/30/11
SCHEDULE A
PREVIOUS YEAR CURRENT YEAR
UNRESTRICTED CASH:
CASH - OPERATING FUND 4,876,701.60 7,724,337.64
CASH - PETTY CASH 3,000.00 3,000.00
TOTAL UNRESTRICTED CASH 4,879,701.60 7,727,337.64
RESTRICTED CASH:
CASH - DEPRECIATION FUND 4,887,487.58 4,316,536.39
CASH - CONSTRUCTION FUND 0.00 0.00
CASH - TOWN PAYMENT 873,750.00 894,000.00
CASH - DEFERRED FUEL RESERVE 1,183,528.25 3,163,838.18
CASH - RATE STABILIZATION FUND 4,376,663.29 5,058,435.03
CASH - UNCOLLECTIBLE ACCTS RESERVE 200,000.00 200,000.00
CASH - SICK LEAVE BENEFITS 2,022,668.83 1,945,794.31
CASH - HAZARD WASTE RESERVE 150,000.00 150,000.00
CASH - CUSTOMER DEPOSITS 500,259.67 561,385.03
CASH - ENERGY CONSERVATION 389,066.29 170,788.28
CASH - OPEB 613,775.82 972,024.73
TOTAL RESTRICTED CASH 15.197,199.73 17,432,801.95
RF.$TT(`TF.D TT VERTMPR MS
RATE STABILIZATION * 1,000,000.00 1,000,000.00
SICK LEAVE BUYBACK ** 1,000,000.00 1,000,000.00
OPEB *** 200,000.00 200,000.00
TOTAL RESTRICTED INVESTMENTS 2,200,000.00 2,200,000.00
TOTAL CASH BALANCE 22,276,901.33 27,360,139.59
SEP 2010:
* FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
** FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
*** FREDDIE MAC 200,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
SEP 2011:
* FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
** FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
*** FREDDIE MAC 200,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
(9)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
9/30/11
SCHEDULE B
PREVIOUS YEAR CURRENT YEAR
SCHEDULE OF ACCOUNTS RECEIVABLE
RESIDENTIAL AND COMMERCIAL 5,831,505.29 4,223,390.80
ACCOUNTS RECEIVABLE - OTHER 72,406.59 91,572.41
ACCOUNTS RECEIVABLE - LIENS 54,049.80 17,748.27
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 892.14
SALES DISCOUNT LIABILITY (416,160.06) ;332,096.73,
RESERVE FOR UNCOLLECTIBLE ACCOUNTS l=3 .860.62` (^_13.06'. 9?
TOTAL ACCOUNTS RECEIVABLE BILLED 5,303,008.16 3,788,437.30
UNBILLED ACCOUNTS RECEIVABLE 4,055,159.11 4,630,294.37
TOTAL ACCOUNTS RECEIVABLE, NET 9,358,167.27 8,618,731.67
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE 822,729.04 744,714.66
PREPAYMENT PURCHASED POWER 120,089.08 8,789.78
PREPAYMENT PASNY 247,206.63 238,330.65
PREPAYMENT WATSON 372,764.98 178,223.70
PURCHASED POWER WORKING CAPITAL 14,523.70 14,523.70
TOTAL PREPAYMENT 1,577,313.43 1,184,582.49
ACCOUNTS RECEIVABLE AGING SEPTEMBER 2011:
RESIDENTIAL AND COMMERCIAL 4,223,390.80
LESS: SALES DISCOUNT LIABILITY (332,098.73)
GENERAL LEDGER BALANCE 3,891,292.07
CURRENT 3,184,437.38 81.83%
30 DAYS 451,526.37 11.60%
60 DAYS 137,309.53 3.53%
90 DAYS 16,709.42 0.43%
OVER 90 DAYS 101.309.37 2.61%
TOTAL 3,891,292.07 100.00%
(10)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
. SCHEDULE OF OPERATING REVENUE
9/30/11
SCHEDULE D
MONTH MONTH LAST YEAR CURRENT YEAR YTD $
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 3,428,726.31 3,025,402.96 10,308,695.01 10,348,340.80 0.38
COMM AND INDUSTRIAL SALES 4,632,349.85 3,953,567.80 12,379,350.10 12,962,804.41 4.71%
PRIVATE STREET LIGHTING 10,611.85 5,959.10 29,798.51 23,242.19 -22.00`0
TOTAL PRIVATE CONSUMERS 8,071,688.01 6,984,929.86 22,717,843.62 23,334,387.40 2.71
MUNICIPAL SALES:
STREET LIGHTING 47,053.36 29,229.7E 134,214.85 107,075.43 -20.22-�
MUNICIPAL BUILDINGS 107,640.89 95,824.00 290,254.74 317,156.99 9.27k
TOTAL MUNICIPAL CONSUMERS 154,694.25 125,053.76 424,469.59 424,232.42 -0.065
SALES FOR RESALE 46,881.91 41,406.51 133,677.10 136,116.47 1.825
SCHOOL 135,222.15 116,637.57 352,228.91 355,053.78 0.80%
0 SUB-TOTAL 8,408,486.32 7,268,027.70 23,628,219.22 24,249,790.07 2.63%
FORFEITED DISCOUNTS 82,047.97 90,305.27 279,827.29 258,929.20 -7.47%
PURCHASED POWER CAPACITY 56,917.20 (12,035.17) 1,003,982.02 (38,418.36) -103.83%
ENERGY CONSERVATION - RESIDENTIAL 12,545.43 16,555.94 41,425.75 54,551.98 31.69%
ENERGY CONSERVATION - COMMERCIAL 41,875.35 27,095.11 122,120.12 84,907.35 -30.47%
G&W REVENUE 67,915.44 63,342.28 67,915.44 202,220.72 197.75%
NYPA CREDIT (52,662.99) (58,869.90) (201,094.69) (190,362.29) -5.34%
TOTAL REVENUE 8,617,124.72 7,394,421.23 24,942,395.15 24,621,618.67 -1.29%
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOWN
9/30/11
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 3,025,402.96 979,303.59 401,658.59 754,418.75 890,022.03
INDUS/MUNI BLDG 4,049,391.80 561,986.09 50,086.17 655,110.11 2,782,209.43
PUB.ST.LIGHTS 29,229.76 9,188.27 3,635.45 5,319.15 11,086.89
PRV.ST.LIGHTS 51959.10 1,142.54 108.10 1,810.95 2,897.51
CO-OP RESALE 41,406.51 41,406.51 0.00 0.00 0.00
SCHOOL 116,637.57 42,276.89 25,697.57 14,029.87 34,633.24
TOTAL 7,268,027.70 1,635,303.89 481,185.88 1,430,688.83 3,720,849.10
THIS YEAR TO DATE
RESIDENTIAL 10,348,340.80 3,220,116.50 1,522,323.35 2,384,629.20 3,221,271.75
INDUS/MUNI BLDG 13,279,961.40 1,806,426.07 166,308.61 2,137,086.17 9,170,138.55
PUB.ST.LIGHTS 107,075.43 35,336.02 13,215.68 18,686.59 39,837.14
PRV.ST.LIGHTS 23,242.19 4,403.56 427.00 7,114.73 11,296.90
CO-OP RESALE 136,116.47 136,116.47 0.00 0.00 0.00
SCHOOL 355,053.78 129,790.49 80,459.24 43,746.22 101,057.83
TOTAL 24,249,790.07 5,332,191.11 1,782,733.86 4,591,262.92 12,543,602.18
LAST YEAR TO DATE
RESIDENTIAL 10,308,695.61 3,240,181.87 1,503,310.67 2,396,834.19 3,168,368.88
INDUS/MUNI BLDG 12,669,604.84 1,670,119.73 161,442.26 1,987,525.48 8,850,517.37
PUB.ST.LIGHTS 134,214.85 47,078.66 16,319.69 22,084.13 48,732.37
PRV.ST.LIGHTS 29,798.51 5,670.60 568.23 9,169.74 14,389.94
CO-OP RESALE 133,677.10 133,677.10 0.00 0.00 0.00
SCHOOL 352,228.91 130,156.34 77,552.77 45,951.92 98,567.88
TOTAL 23,628,219.82 5,226,884.30 1,759,193.62 4,461,565.46 12 180 576.44
PERCENTAGE OF OPERATING INCOME TO TOTAL
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 41.63% 13.47% 5.53% 10.38% 12.25%
INDUS/MUNI BLDG 55.72% 7.73% 0.69% 9.01% 38.29%
PUB.ST.LIGHTS 0.40% 0.13% 0.05% 0.07% 0.15%
PRV.ST.LIGHTS 0.08% 0.02% 0.00% 0.02% 0.04%
CO-OP RESALE 0.57% 0.57% 0.00% 0.00% 0.00%
SCHOOL 1.60% 0.5896 0.35% 0.19% 0.48%
TOTAL 100.00% 22.50% 6.62% 19.67% 51.21%
THIS YEAR TO DATE
RESIDENTIAL 42.67% 13.28% 6.28% 9.83% 13.28%
INDUS/MUNI BLDG 54.77% 7.45% 0.69% 8.81% 37.82%
PUB.ST.LIGHTS 0.44% 0.15% 0.05% 0.08% 0.16%
PRV.ST.LIGHTS 0.10% 0.02% 0.00% 0.03% 0.05%
CO-OP RESALE 0.56% 0.56% 0.00% 0.00% 0.00%
SCHOOL 1.46% 0.54% 0.33% 0.18% 0.41%
TOTAL 100.00% 22.00% 7.35% 18.93% 51.72%
LAST YEAR TO DATE
RESIDENTIAL 43.62% 13.71% 6.36% 10.14% 13.41%
INDUS/MUNI BLDG 53.62% 7.07% 0.68% 8.41% 37.46%
PUB.ST.LIGHTS 0.57% 0.20% 0.07% 0.09% 0.21%
PRV.ST.LIGHTS 0.13% 0.02% 0.00% 0.04% 0.07%
CO-OP RESALE 0.57% 0.57% 0.00% 0.00% 0.00
SCHOOL 1.49% 0.55% 0.33% 0.19% 0.42%
TOTAL 100.00% 22.1296 7.44% 18.87% 51.57%
(11A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
9/30/11
SCHEDULE F
ACTUAL BUDGET %
YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
SALES OF ELECTRICITY:
RESIDENTIAL 6,052,918.37 6,581,664.00 (528,745.63) -8.03%
COMM, AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING 6,720,093.87 6,969,325.00 (249,231.13) -3.58%
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING 67,631.79 126,926.00 (61,294.21) -47.54%
SALES FOR RESALE 75,729.61 90,952.00 (15,222.39) -16.74%
SCHOOL 192,566.54 193,276.00 (709.46) -0.37%
TOTAL BASE SALES 13,108,940.18 13,964,143.00 (855,202.62) -6.12%
TOTAL FUEL SALES 11,140,849.89 12,094,120.00 (953,270.11) -7.88%
TOTAL OPERATING REVENUE 24,249,790.07 26,058,263.00 (1,808,472.93) -6.94%
FORFEITED DISCOUNTS 258,929.20 307,211.00 (48,281.80) -15.72%
PURCHASED POWER CAPACITY (38,418.36) (39,966.00) 1,547.64 -3.87%
ENERGY CONSERVATION - RESIDENTIAL 54,551.98 62,103.00 (7,551.02) -12.16%
ENERGY CONSERVATION - COMMERCIAL 84,907.35 93,781.00 (8,873.65) -9.46%
GAW REVENUE 202,220.72 173,439.00 28,781.72 16.59%
NYPA CREDIT (190,362.29) (150,000.00) (40,362.29) 26.91%
TOTAL OPERATING REVENUES 24,621,618.67 26,504,831.00 (1,883,212.33) -7.11%
* ( ) ACTUAL UNDER BUDGET
(11H)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
9/30/11
SCHEDULE E
MONTH MONTH LAST YEAR CURRENT YEAR YTD $
OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
PURCHASED POWER BASE EXPENSE 2,427,569.76 2,522,109.25 7,394,319.87 7,242,073.39 -2.06%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP 32,983.02 33,232.15 109,258.51 132,043.78 20.85%
STATION SUP LABOR AND MISC 8,854.66 9,894.23 27,089.18 33,199.89 22.56%
LINE MISC LABOR AND EXPENSE 61,729.52 59,806.73 164,350.72 167,764.14 2.08€
STATION LABOR AND EXPENSE 37,174.79 40,759.34 110,737.93 120,287.97 8.62€
STREET LIGHTING EXPENSE 7,817.59 9,341.85 15,020.66 23,930.85 59.32%
METER EXPENSE 24,776.80 16,607.86 73,107.44 63,445.43 -13.22`0
MISC DISTRIBUTION EXPENSE 27,519.45 27,364.14 801855.09 83,753.06 3.58%
METER READING LABOR & EXPENSE 5,917.73 6,124.83 22,009.71 26,486.68 20.34%
ACCT & COLL LABOR & EXPENSE 81,125.71 89,649.34 264,471.25 310,447.90 17.38%
UNCOLLECTIBLE ACCOUNTS 15,000.00 16,000.00 45,000.00 48,000.00 6.67%
ENERGY AUDIT EXPENSE 25,886.91 26,264.42 100,234.76 106,471.99 6.22%
ADMIN & GEN SALARIES 50,219.08 57,040.12 163,450.61 185,556.97 13.52%
OFFICE SUPPLIES & EXPENSE 30,503.34 9,479.42 76,050.49 32,445.22 -57.34%
OUTSIDE SERVICES 30,437.82 35,005.20 47,969.70 68,275.01 42.33%
PROPERTY INSURANCE 30,631.88 31,798.71 92,465.64 95,372.17 3.14%
INJURIES AND DAMAGES 4,552.67 (9,019.31) 12,480.70 (7,545.63) -160.46%
EMPLOYEES PENSIONS & BENEFITS 87,249.11 109,303.69 382,163.37 423,929.18 10.93%
MISC GENERAL EXPENSE 7,680.48 17,304.60 32,201.36 47,605.41 47.84%
RENT EXPENSE 14,027.39 27,555.35 41,582.65 55,227.50 32.81%
ENERGY CONSERVATION 19,909.65 71,826.49 83,362.04 170,863.04 104.97%
TOTAL OPERATION EXPENSES 603,997.60 687,339.16 1,943,861.81 2,187,560.56 12 54%
MAINTENANCE EXPENSES: r
MAINT OF TRANSMISSION PLANT 227.08 227.10 681.24 681.30 0.0'
MAINT OF STRUCT AND EQUIPMT 3,648.18 12,971.20 21,871.74 48,389.36 121.24%
MAINT OF LINES - OR 85,341.70 117,185.86 268,279.13 392,866.53 46.44%
MAINT OF LINES - UG 11,213.19 42,803.45 35,919.81 56,845.58 58.26%
MAINT OF LINE TRANSFORMERS ** 110,452.49 15,788.94 557,336.83 16,423.97 -97.05%
MA.INT OF ST IT & SIG SYSTEM (48.81) (46.60) (145.95) (184.97) 26.74%
bUINT OF GARAGE AND STOCKROOM 39,880.85 38,459.45 126,724.53 125,178.40 -1.22%
MAINT OF METERS 0.00 7,811.24 0.00 20,582.53 100.00%
MAINT OF GEN PLANT 10,008.07 7,556.24 24,203.18 22,558.83 -6.79%
TOTAL MAINTENANCE EXPENSES 260,722.75 242,756.88 1,034,870.51 683,341.53 -33.97%
DEPRECIATION EXPENSE 287,729.05 296,027.47 863,187.15 888,082.41 2.88%
PURCHASED POWER FUEL EXPENSE 3,437,081.39 2,914,869.40 12,144,061.42 10,841,874.20 -10.72%
VOLUNTARY PAYMENTS TO TOWNS 110,000.00 113,000.00 330,000.00 339,000.00 2.7316
TOTAL OPERATING EXPENSES 7,127,100.55 6,776,102.16 _ 23,710,300.76 22,181,932.09 -6.45%
** FY 12 total includes GAW soil remediation expenses totalling $0.00
Total costs to date for entire project is $2,482,625.80.
(12)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
9/30/11
SCHEDULE G
ACTUAL BUDGET %
OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
PURCHASED POWER BASE EXPENSE 7,242.073.39 7,512,166.00 (270,092.61) -3.60%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.001%
OPERATION SUP AND ENGINEERING EXP 132,043.78 107,770.00 24,273.78 22.52%
STATION SUP LABOR AND MISC 33,199.89 15,340.00 17,859.89 116.43%
LINE MISC LABOR AND EXPENSE 167,764.14 175,108.00 (7,343.86) -4.19%
STATION LABOR AND EXPENSE 120,287.97 107,715.00 12,572.97 11.67%
STREET LIGHTING EXPENSE 23,930.85 21,594.00 2,336.85 10.82%
METER EXPENSE 63,445.43 36,819.00 26,626.43 72.32%
MISC DISTRIBUTION EXPENSE 83,753.06 86,572.00 (2,818.94) -3.26%
METER READING LABOR & EXPENSE 26,486.68 19,080.00 7,406.68 38.82%
ACCT 6 COLL LABOR 6 EXPENSE 310,447.90 350,405.00 (39,957.10) -11.40%
UNCOLLECTIBLE ACCOUNTS 48,000.00 48,000.00 0.00 0.00%
ENERGY AUDIT EXPENSE 106,471.99 101,111.00 5,360.99 5.30%
ADMIN 6 GEN SALARIES 185,556.97 183,727.00 1,829.97 1.00%
OFFICE SUPPLIES 6 EXPENSE 32,445.22 66,433.00 (33,987.78) -51.16%
OUTSIDE SERVICES 68,275.01 88,630.00 (20,354.99) -22.97%
PROPERTY INSURANCE 95,372.17 116,256.00 (20,883.83) -17.96%
INJURIES AND DAMAGES (7,545.63) 14,309.00 (21,854.63) -152.73%
EMPLOYEES PENSIONS 6 BENEFITS 423,929.18 416,831.00 7,098.18 1.70%
MISC GENERAL EXPENSE 47,605.41 70,824.00 (23,218.59) -32.78%
RENT EXPENSE 55,227.50 53,001.00 2,226.50 4.20%
ENERGY CONSERVATION 170,863.04 166,715.00 4,148.04 2.49%
TOTAL OPERATION EXPENSES 2,187,560.56 2,246,240.00 (58,679.44) -2.61%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT 681.30 750.00 (68.70) -9.16%
MAINT OF STRUCT AND EQUIPMENT 48,389.36 27,743.00 20,646.36 74.42%
MKINT OF LINES - OH 392,866.53 350,513.00 42,353.53 12.08%
MAINT OF LINES - UG 56,845.58 53,544.00 3,301.58 6.17%
MAINT OF LINE TRANSFORMERS ** 16,423.97 48,371.00 (31,947.03) -66.05%
MAINT OF ST IT S SIG SYSTEM (184.97) 2,431.00 (2,615.97) -107.61%
MAINT OF GARAGE AND STOCKROOM 125,178.40 150,851.00 (25,672.60) -17.02%
MAINT OF METERS 20,582.53 21,351.00 (768.47) -3.60%
MAINT OF GEN PLANT 22,558.83 31,854.00 (9,295.17) -29.18%
TOTAL MAINTENANCE EXPENSES 683,341.53 687,408.00 (4,066.47) -0.59%
DEPRECIATION EXPENSE 888,082.41 900,000.00 (11,917.59) -1.32%
PURCHASED POWER FUEL EXPENSE 10,841,874.20 10,977,503.00 (135,628.80) -1.24%
VOLUNTARY PAYMENTS TO TOWNS 339,000.00 339,000.00 0.00 0.00%
TOTAL OPERATING EXPENSES 22,181,932.09 22,662,317.00 (480,384.91) -2.12%
* ( ) e ACTUAL UNDER BUDGET
** FY 12 total includes G&W soil remediation expenses totalling $0.00
Total costs to date for entire project is $2,482,825.80.
(12A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
9/30/11
RESPONSIBLE REMAINING
SENIOR 2012 ACTUAL BUDGET REMAINING
OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET %
PURCHASED POWER BASE EXPENSE JP 27,402,177.00 7,242,073.39 20,160.103.61 73.57%
OPERATION SUPER AND ENGIN-TRANS KS 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP KS 438,974.00 132,043.78 306,930.22 69.92%
STATION SUP LABOR AND MISC KS 62,909.00 33,199.89 29,709.11 47.23%
LINE MISC LABOR AND EXPENSE KS 692,484.00 167,764.14 524,719.86 75.77%
STATION LABOR AND EXPENSE KS 441,924.00 120,287.97 321,636.03 72.78%
STREET LIGHTING EXPENSE KS 85,338.00 23,930.85 61,407.15 71.96%
METER EXPENSE DA 152,130.00 63,445.43 88,684.57 58.30%
MISC DISTRIBUTION EXPENSE JD 352,508.00 83,753.06 268,754.94 76.24%
METER READING LABOR & EXPENSE DA 76,220.00 26,486.68 49,733.32 65.25€
ACCT & COLL LABOR & EXPENSE RF 1,427,255.00 310,447.90 1,116,807.10 76.25%
UNCOLLECTIBLE ACCOUNTS RF 192,000.00 48,000.00 144,000.00 75.00%
ENERGY AUDIT EXPENSE JP 414,098.00 106,471.99 307,626.01 74.29%
ADMIN & GEN SALARIES VC 745,939.00 185,556.97 560,382.03 75.12%
OFFICE SUPPLIES & EXPENSE VC 265,700.00 32,445.22 233,254.78 87.79%
OUTSIDE SERVICES VC 454,250.00 68,275.01 385,974.99 84.97%
PROPERTY INSURANCE JD 465,000.00 95,372.17 369,627.83 79.49%
INJURIES AND DAMAGES JD 55,859.00 (7,545.63) 63,404.63 113.51%
EMPLOYEES PENSIONS & BENEFITS JD 1,441,637.00 423,929.18 1,017,707.82 70.59%
MISC GENERAL EXPENSE VC 203,091.00 47,605.41 155,485.59 76.56%
RENT EXPENSE JD 212,000.00 55,227.50 156,772.50 73.95%
ENERGY CONSERVATION JP 643,789.00 170,863.04 472,925.96 73.46%
TOTAL OPERATION EXPENSES 8,823,105.00 2,187,560.56 6,635,544.44 75.21%
MAINTENANCE EXPENSES: 0
MAINT OF TRANSMISSION PLANT KS 3,000.00 681.30 2,318.70 77.29%
MAINT OF STRUCT AND EQUIPMT KS 107,072.00 48,389.36 58,682.64 54.81%
MAINT OF LINES - OH KS 1,419,953.00 392,866.53 1,027,086.47 72.33%
MAINT OF LINES - UG KS 214,037.00 56,845.58 157,191.42 73.44%
MAINT OF LINE TRANSFORMERS ** KS 188,500.00 16,423.97 172,076.03 91.29%
MAINT OF ST LT & SIG SYSTEM JD 9,636.00 (184.97) 9,820.97 101.92%
MAINT OF GARAGE AND STOCKROOM JD 662,139.00 125,178.40 536,960.60 81.09%
MAINT OF METERS DA 85,444.00 20,582.53 64,861.47 75.91%
MAINT OF GEN PLANT RF 127,620.00 22,558.83 105,061.17 82.32%
TOTAL MAINTENANCE EXPENSES 2,817,401.00 683,341.53 2,134,059.47 75.75%
DEPRECIATION EXPENSE RF 3,600,000.00 888,082.41 2,711,917.59 75.33%
PURCHASED POWER FUEL EXPENSE JP 39,768,817.00 10,841,874.20 28,926,942.80 72.74%
VOLUNTARY PAYMENTS TO TOWNS RF 1,356,000.00 339,000.00 1,017,000.00 75.00%
TOTAL OPERATING EXPENSES 83,767,500.00 22,181,932.09 61,585,567.91 73.52%
** FY 12 total includes GAW soil remediation expenses totalling $0.00
Total costs to date for entire project is $2,482,825.80.
(12B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
® PROFESSIONAL SERVICES
9/30/2011
PROFESSIONAL SERVICES BY PROJECT
ITEM DEPARTMENT ACTUAL BUDGET VARIANCE
1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 18,000.00 32,250.00 '14,256.00)
2 PENSION ACTUARIAL EVALUATION ACCOUNTING 0.00 0.00 0.00
3 LEGAL- FERC/ISO ISSUES ENERGY SERVICE 0.00 4,500.00 (4.500.00)
4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 2,685.05 11,250.00 (6,564.97)
5 PROFESSIONAL SERVICES ENERGY SERVICE 7,484.32 6,000.00 1,484.32
6 NERC COMPLIANCE E 6 0 3,980.00 2,500.00 1,480.00
7 LOAD CAPACITY STUDY ENGINEERING 9,280.00 3,750.00 5,530.00
8 LEGAL SERVICES- GENERAL GM 23,871.39 12,501.00 11,370.39
9 LEGAL SERVICES-GENERAL HR 1,724.24 10,500.00 (E.775.76
10 LEGAL SERVICES-NEGOTIATIONS HR 0.00 0.00 0.00
11 LEGAL GENERAL BLDG. MAINT. 0.00 375.00 (375.00)
12 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 1,251.00 (1,251.00)
13 ENVIRONMENTAL BLDG. MAINT. 0.00 1,251.00 (1,251.00)
14 STATION 1 STRUCTURAL FEASABILITY BLDG. MAINT. 0.00 0.00 0.00
15 DEMOLITION OF CONTROL CENTER BLDG. MAINT. 0.00 0.00 0.00
16 INSURANCE CONSULTANT GEN. BENEFIT 1,250.01 1,251.00 (0.99)
17 LEGAL GEN. BENEFIT 0.00 1,251.00 (1,251.00)
TOTAL 68,275.01 88,630.00 (20,354.99)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
ROMARKE INSURANCE 833.34
RUBIN AND RUDMAN 21,221.66
UTILITY SERVICES INC. 7,151.67
MELANSON HEATH & COMPANY 22,847.88
DUNCAN AND ALLEN 486.90
CHOATE HALL AND STEWART 1,724.24
PROFESSIONAL ENVIRONMENTAL SERVICES 560.00
CDM 9,280.00
CMEEC 4,169.32
TOTAL 68,275.01
(13)
RMLD
BUDGET VARIANCE REPORT
FOR PERIOD ENDING SEPTEMBER 30, 2011
DIVISIONS AND DEPARTMENTS ACTUAL BUDGET VARIANCE CHANGE
AND OPERATIONS:
ENGINEERING
E60 MGR 59,265 51,289 7,976 15.55%
ENGINEERING 141,360 111,769 29,590 26.47%
LINE 641,940 604,004 37,936 6.28%
METER READING 26,487 19,080 7,406 38.82%
METER TECHNICIANS 63,445 36,883 26,562 72.02%
STATION OP 151,058 123,055 28,002 22.76%
STATION TECHS 85,427 97,592 (12,164) -12.46€
DIVISION TOTAL 1.168,982 1,043,673 125,308 12.01%
ENERGY SERVICES: 287,504 289,702 (2,197)_ -0.76%
GENERAL MANAGER:
GENERAL MANAGER 101,952 91,197 10,755 11.79%
HUMAN RESOURCES 28,400 40,293 (11,893) -29.52%
COMMUNITY RELATIONS 35,298 57,495 (22,197) -38.61%
CAB 5,020 3,727 1,293 34.70%
BOARD 4,768 2,375 2,393 100.74%
DIVISION TOTAL 175,438 195,087 (19,649) -10.07%
FACTL•TTY MANAGER:
GENERAL BENEFITS 496,212 627,992 (131,779) -20.98%
BUILDING MAINTENANCE 125,178 153,728 (28,549) -18.57%
MATERIALS MANAGEMENT 83,753 86,947 (3,193) -3.67%
DIVISION TOTAL 705,144 868,666 (163,522) -18.82%
BUSINESS DIVISION:
ACCOUNTING 120,968 214,736 (93,768) -43.67%
CUSTOMER SERVICE 163,378 159,551 3,827 2.40%
MES 146,833 152,474 (5,641) -3.70%
MISCELLANEOUS DEDUCTIONS 1,789,308 1,805,265 (15,957) -0.88%
DIVISION TOTAL 2,220,487 2,332,026 (111,539) -4.78%
DIVISION TOTALS 4,557,555 4,729,153 (171,598) -3.63%
PURCHASED POWER - BASE 7,242,073 7,512,166 (270,093) -3.60%
PURCHASED POWER - FUEL 10,841,874 10,977,503 (135,629) -1.24%
TOTAL 22,641,503 23,218,822 (577,319) -2.49%
® RMLD
DEFERRED FUEL GASH RESERVE ANALYSIS
9/30/11
GROSS MONTHLY TOTAL
DATE CHARGES REVENUES NYPA CREDIT DEFERRED DEFERRED
Jun-11 3,055,224.78
Jul-11 4,131,396.83 4,049,745.45 (79,163. 65) (160,815.03) 2,894,409.75
Aug-11 3,795,607.97 3,924,541.80 (52,328.74) 76,605.09 2,971,014.84
Sep-11 2,914,869.40 3,166,562.64 (56,869.90) 192,823.34 3,163,636.16
RMLD
STAFFING REPORT
FOR FISCAL YEAR ENDING JUNE, 2012
ACTUAL
12 BUD JUL AUG SEP
TOTAL 11 11 11
GEN�ERAT MANAGER
GENERAL MANAGER 2 2 2 2
HUMAN RESOURCES 1 1 i 1
COMMUNITY RELATIONS 1 1 1 1
TOTAL 4 4 4 4
BUSINESS
ACCOUNTING * 2.00 1.50 1.50 1.50
CUSTOMER SERVICE *^ 7.75 8.75 8.75 8.75
MGMT INFORMATION SYS * 6.25 5.25 5.25 5.25
MISCELLANEOUS 1 1 1 1
TOTAL 17.00 16.50 16.50 16.50
ENGINEERING LrEG L\'LSV
AGM E&O 2 2 2 2
ENGINEERING 5 5 5 5
LINE 21 20 20 20
METER 4 4 4 4
STATION 8 8 8 8
TOTAL 40 39 39 39
PROJECT
BUILDING 2 2 2 2
GENERAL BENEFITS 2 2 2 2
TRANSPORTATION 0 0 0 0
MATERIALS MGMT 4 4 4 4
TOTAL 8 8 8 8
ENERGY SERVICES
ENERGY SERVICES *# 5.5 5.5 5.5 5.5
TOTAL 5.5 5.5 5.5 5.5
RMLD TOTAL 74.5 73 73 73
CONTRACTORS
UG LINE 2 2 2 2
TOTAL 2 2 2 2
GRAND TOTAL 76.5 75 75 75
* part time employee
*#part time employee and a coop student
*^ part time employee and a temp
10/11/2011
3:11 PM
® TOWN OF READING
MUNICIPAL LIGHT DEPARTMENT
FIDUCIARY FUND - RETIREMENT TRUST
STATEMENT OF FIDUCIARY NET ASSETS
FOR PERIOD ENDING SEPTEMBER 30, 2011
ASSETS
Cash $4,799,842
Investments 1,000,000
TOTAL ASSETS 5,799,842
NET ASSETS
Net assets held in trust for pension benefits $5,799,842
10/11/2011
3:12 PM
TOWN OF READING
MUNICIPAL LIGHT DEPARTMENT
FIDUCIARY FUND - RETIREMENT TRUST
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
FOR PERIOD ENDING SEPTEMBER 30, 2011
Additions:
Interest and dividend income $ 12,344
Total additions 12,344
Deductions:
Paid to Reading Contributory Retirement System -
Total deductions -
Net increase (decrease) in net assets 12,344
Net Assets Available for Benefits, Beginning of Year 5,787,498
Net Assets Available for Benefits, 9/30/11 $5,799,842
ATTACHMENT 3
To: Vincent Cameron
From: Energy Services
Date: October 20, 2011
Subject: Purchase Power Summary—September, 2011
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of September, 2011.
ENERGY
The RMLD's total metered load for the month was 60,121,317 kWh, which was a decrease
of.38 % compared to September, 2010 figures.
Table 1 is a breakdown by source of the energy purchases.
TABLE 1
Amount of Cost of %of Total Total$ $as a
Resource Energy Energy Energy Costs %
(kWh) ($/Mwh)
Millstone#3 3,539,463 $5.54 5.88% $19,606 0.67%
Seabrook 5,688,034 $8.86 9.45% $50,396 1.73%
JP Morgan 5,196,000 $55.60 8.63% $288,878 9.91%
Stonybrook CC 1,090,042 $62.34 1.81% $67,954 2.33%
Constellation 7,200,000 $61.50 11.96% $442,830 15.19%
NYPA 1,631,958 $4.92 2.71% $8,029 0.28%
ISO Interchange 12,206,435 $42.11 20.27% $514,017 17.63%
NEMA Congestion 0 $0.00 0.00% -$46,696 -1.60%
Coop Resales 87,602 $131.91 0.15% $11,555 0.40%
Stonybrook Peaking 0 $0.00 0.00% $13 0.00%
MacQuarie 21,204,000 $63.53 35.22% $1,347,093 46.21%
Braintree Watson Unit 480,950 $64.80 0.80% $31,167 1.07%
Swift River Projects 1,882,793 $95.62 3.13% $180,026 6.18%
Monthly Total 60,207,277 $48.41 100.00% $2,914,869 100.00%
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy
for month of September, 2011.
Table 2
Amount Cost % of Total
Resource of Energy of Energy Energy
(kWh) ($/Mwh)
ISO DA LMP' 14,726,756 44.08 24.46%
Settlement
RT Net Energy" -2,520,321 49.68 -4.19%
Settlement
ISO Interchange 12,206,435 42.11 20.27%
(subtotal)
CAPACITY
The RMLD hit a demand of 124,448 kWs, which occurred on September 14, 2011 at 4 pm.
The RMLD's monthly UCAP requirement for September, 2011 was 199,846 kWs.
Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement.
Table 3
Amount of Cost of %of %of
Capacity Capacity Total Total
Source (kWs) ($/kW-month) Capacity Total Cost$ Cost
Millstone#3 4,991 $57.75 2.50% $288,255 20.23%
Seabrook 7,910 $55.03 3.96% $435,248 30.55%
Stonybrook Peaking 24,981 $2.01 12.50% $50,280 3.53%
Stonybrook CC 42,925 $3.85 21.48% $165,192 11.59%
NYPA 4,666 $2.55 2.33% $11,896 0.83%
Hydro Quebec 4,274 $5.16 2.14% $22,041 1.55%
ISO-NE Supply Auction 99,579 $3.43 49.83% $341,170 23.95%
Braintree Watson Unit 10,520 $10.52 5.26% $110,645 7.77%
Total 199,846 $7.13 100.00% $1,424,726 100.00%
'"RT Net Energy: Real-Time Net Energy
ISO DA LMP: Independent System Operator Day-Ahead Locational Marginal Price
® Table 4 shows the total dollar amounts for energy and capacity per source.
Table 4
Resource Energy Capacity Total cost %of Total Cost
Millstone#3 $19,606 $288,255 $307,861 7.09%
Seabrook $50,396 $435,248 $485,644 11.19%
Stonybrook CC $67,954 $165,192 $233,146 5.37%
Hydro Quebec $0 $22,041 $22,041 0.51%
Constellation $442,830 $0 $442,830 10.20%
NYPA $8,029 $11,896 $19,925 0.46%
ISO Interchange $514,017 $341,170 $855,187 19.71%
NEMA Congestion -$46,696 $0 -$46,696 -1.08%
Coop Resales $11,555 $0 $11,555 0.27%
Stonybrook Peaking $13 $50,280 $50,293 1.16%
JP Morgan $288,878 $0 $288,878 6.66%
MacQuarie $1,347,093 $0 $1,347,093 31.04%
Braintree Watson Unit $31,167 $110,645 $141,812 3.27%
Swift River Projects $180,026 $0 $180,026 4.15%
Monthly Total $2,914,869 $1,424,726 $4,339,596 100.00%
TRANSMISSION
The RMLD's total transmission costs for the month of September, 2011 are $778,431.
This is a decrease of 18.96% from the August 2011 cost of$960,534. In 2010, the
transmission costs for the month of September, 2010 were $912,485.
Table 5 shows the current month vs. last month and last year(September, 2010).
Table 5
Current Month Last Month Last Year
Peak Demand(kW) 124,448 144,051 161,453
Energy(kWh) 60,207,277 69,647,480 61,414,052
Energy($) $2,914,869 $3,795,608 $3,436,135
Capacity($) $1,424,726 $1,412,039 $1,513,742
Transmission($) $778,431 $960,534 $912,485
r. Total $5,118,027 $6,168,181 $5,862,361
0 0 0
Gaw Transformer Upgrade Project
Schedule Milestones Start Date %Complete Completion Date Notes
Conceptual Engineering Jul-08 100 Jun-09 Complete
Major Equipment Procurement Feb-09 100 Oct-10 Complete
Design Engineering Jul-08 100 Jun-09 Complete
Scheduled Transformer Delivery Dec-08 100 Dec-08 Complete
Construction Bid Jan-09 100 Mar-09 Complete
Construction Contractor May-09 100 Dec-10 Complete
Construction Transformer Replacement May-09 100 Oct-10 Complete
Construction Switchgear Upgrades Dec-09 100 Jul-11 Complete
Construction RMLD Personnel Jan-09 100 Jul-11 Complete
Tangible Milestones Start Date %Complete Completion Date Notes
Relocate Station Service transformers 06/22/09 100 07/17/09 Complete
Transformer 110C on concrete pad 06/01/09 100 07/22/09 Complete
11 5k circuit switchers replaced 07/25/09 100 08/02/09 Complete
Transformer 110C secondary work 07/27/09 100 10/05/09 Complete
Transformer 110C replacement 08/31/09 100 10/09/09 Complete
Transformer 110A replacement 09/21/09 100 09/30/10 Complete
Transformer 110B replacement 02/19/10 100 03/31/10 Complete
Switchgear upgrade 12/01/09 100 07/31/11 Complete
Feeder Reassignment work 08/16/10 100 01/30/11 Complete
Changes highlighted in bold
D
D
n
2
M
z
i
Gaw Transformer Upgrade Project
9 -
.taa r
w r
c 7
0 6
G 5
.� 4
�'�'J.�AJS,omc
Date by Month
-*-Total Actual $
-S-Total Projected $
Reconciling the Gaw Upgrade Project
Capital Item Bud et Ex enditure = Delta
Description Fiscal Yr s Item Cumulative Actual Cumulative by FY
Transformer Payment 2008 = 2.080 2.080 1.836 1.836 -0.244
Contract Labor 2009 ; 1.380 0.170
Procured Equipment = 0.360 0.101
RMLD Labor 0.446 0.111
Feeder Reassignment ! 0.282 0.000
Transformer Payments 0 2.757 7.3050 2.755 4.973. -2.3325
Contract Labor 2010 0.285 0.838
Procured Equipment 0.195 0.155
RMLD Labor 0.200 0.380
Feeder Reassignment 0.110 8.095; 0.000 6.346; -1.749
Contract Labor 2011 0.545 0.411
Procured Equipment 0.030 0.007
RMLD Labor 0.064 0.109 -
Feeder Reassignment 0.236 8.095; 0.048 4 6.921 1 Y -1.'
g 174
Project Sub-Total 0.875 8.095 6.921 6.921
Project Total 6.921 -1.174
10/20/2011 READING MUNICIPAL LIGHT DEPARTMENT
9:37 AM FY 11 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING SEPTEMBER 30,2011
ACTUAL YTD ACTUAL ANNUAL
COST COST BUDGET
# PROJECT DESCRIPTION TOWN SEPTEMBER THRU 9/30/11 AMOUNT VARIANCE
E&O Construction-System Protects
1 5W9 Reconductoring-Ballardvale Street W 25,351 25,970 242,649 216,679
2 High Capacity Tie 4W18 and 3W8 Franklin Street R 1,258 17,476 157,766 140,290
3 Upgrading Old Lynnfield Ctr URDs LC 579,927 579,927
SCADA Projects
4 RTU Replacement R 130,255 130,255
Distribution Automation Projects
5 Reclosures ALL 197,901 197,901
5 Capacitor Banks ALL 105,052 105,052
7 SCADA Radio Communication System ALL 231,386 231,386
Station Uoarades(Station#4 GAW)
8 Relay Replacement Project R 99,656 99,656
9 115kV Disconnect Replacement R 88,585 88,585
New Customer Service Connections
12 Service Installations-Commercial/Industrial Customers ALL 5,935 9,792 62,530 52,738
13 Service Installations-Residential Customers ALL 14,954 47,129 206,017 158,888
14 Routine Construction
Various Routine Construction ALL 176,017 585,893 1,016,382 430,489
Total Construction Projects 223,516 686,260 3,118,106 2,431,846
Other Projects
15 GIS 50,000 50,000
16 Transformers/Capacitors Annual Purchases 198,800 198,800
17 Meter Annual Purchases 46,360 46,360
17A Meter Upgrade Project 95,086 107,289 1,740,656 1,633,367
18 Purchase New Small Vehicle 31,544 36,000 4,456
19 Purchase Line Department Vehicle 386,000 386,000
20 Purchase Puller Trailer 75,000 75,000
21 Roof Top Units 30,000 30,000
22 Engineering Software and Data Conversion 76,690 76,690
23 Plotter 18,000 18,000
27 Hardware Upgrades 11,238 20,139 40,000 19,861
28 Software and Licensing 540 10,180 94,435 84,255
0TH Cooling Tower Replacement 16,713 16,713 - (16,713)
Total Other Projects 123,577 185,S6b 2,791,941 2,606,076
TOTAL RMLD CAPITAL PROJECT EXPENDITURES 347,093 872,125 5,910,047 5,037,922
29 Force Account/Reimbursable Projects ALL - - - -
TOTAL FY 12 CAPITAL PROJECT EXPENDIITURES 347,093 872,125 5,910,047 5,037,922
Reading Municipal Light Department
Engineering and Operations
® Monthly Report
September, 2011
FY 2012 Capital Plan
E&O Construction — System Projects
I. 5W9 Reconductoring — Ballardvale Street- Wilmington — Engineering labor,
Install spacer cable; Framed poles, Make ready work.
2. High Capacity Tie 4W18/3W8 Franklin Street— Reading — Frame; make ready
work for new spacer cable.
3. Upgrading of Old Lynnfield Center URDs — No activity.
SCADA Projects
4. RTU Replacement at Station 4— Reading —No activity.
Distribution Automation (DA) Proiects
5. Reclosers — No activity.
6. Capacitor Banks — No activity.
7. SCADA Radio Communication System — No activity.
Station Wwrades
8. Relay Replacement Project— Station 4— Reading — No activity.
9. 115 kV Disconnect Replacement— Station 4— Reading — No activity.
New Customer Service Connections
12. Service Installations — Commercial/Industrial Customers— This item includes new
service connections, upgrades, and service replacements for the commercial and
industrial customers. This represents the time and materials associated with the
replacement of an existing or installation of a new overhead service, the connection of
an underground service, etc. This does not include the time and materials associated
with pole replacements/installations, transformer replacement/installations, primary or
secondary cable replacement/installations etc. This portion of the project comes under
Aft routine construction. Notable: E-Cars, 281 Main Street, Reading.
1
13. Service Installations — Residential Customers— This item includes new or upgraded
overhead and underground services, temporary overhead services, and large
underground development.
14. Routine Construction—The drivers of the Routine Construction budget category
YTD are listed. This is not an inclusive list of all items within this category.
Pole SettinglTransfers $104,907
Maintenance Overhead/Underground $163,813
Projects Assigned as Required $35,085
Pole Damage includes knockdowns some reimbursable $2,307
Station Group $0
Hazmat/Oil Spills $3,118
Porcelain Cutout Replacement Program $1,007
Lighting Street Light Connections $18,603
Storm Trouble $25,327
Under round Subdivisions $14,170
Animal Guard Installation $21,365
Miscellaneous Capital Costs $196,191
TOTAL $585,893
*In the month of September three cutouts were charged under this program.
Approximately 20 cutouts were installed new or replaced because of damage
making a total of 23 cutouts replaced this month.
2
Reliability Report
® Two key industry standard metrics have been identified to enable the RMLD to measure and
track system reliability. A rolling 12-month view is being used for the purposes of this report.
Customer Average Interruption Duration Index (CAIDI)— Measures how quickly the
RMLD restores power to customers when their power goes out.
CAIDI = Total of Customer Interruption Duration for the Month in Minutes/Total
number of customers interrupted.
RMLD 12 month system average outage duration— 59.10 minutes
RMLD 4 year average outage (2006-2009) —50.98 minutes per outage
On average, RMLD customers that experience an outage are restored in 59.10 minutes.
180.00
160.00 ---------- --
155.09
140.00 --------- - --- - --- --- -- ---
c
120.00 ---- ---- - ------- ------------ ---- - - —
m
100.00 ------- ----- - ---- ------------ — ---
- -
O 80.00 ---_ -- __-------62.54 `—
N.
C 60.00 6'1T aq��5�4-11854.69 56.31
V 40.00 ------------------
�.27J -- -- —
20.00 -- — ---------------- ---- ---
0.00
O °,, OOG, ,�� �0d �`��, PQM, ���, ,J�, �J�• PJB °Q,
---0 Monthly minutes per outage
RMLD 12 month system average outage duration 59.10
RMLD 4 year average outage duration 50.98 (2006-2009)
Aft
3
System Average Interruption Frequency (SAIFI) — Measures how many outages each
customer experiences per year on average.
SAIFI = Total number of customer's interrupted /Total number of customers.
RMLD 12 month system average - .44 outages per year
RMLD 4 year average outage frequency - .82
The graph below tracks the month-by-month SAIFI performance.
1.00 0.91
0.90 0.82
0.80
m 0.70
V
0.60 0.54
-
w
0 0.50
r rr r rr r rr r rr rr rr r r rr r rr r rr
m 0.40 31
m 0.30
� 0 20
0.20 .11 0.12 0. 1
0.10
0.00
N O ,No GAO ANN NN `N `N �N �►�'` J\►�'` �N �N
�eQQ �J PJ 5;
---�— MLD monthly outage frequency
- - RMLD 12 month system average outage frequency .44
RMLD 4 year average outage frequency .82(2006-2009)
Months Between Interruptions (MBTI)
Another view of the SAIFI data is the number of months Reading customers have no
interruptions. At this time, the average RMLD customer experiences an outage
approximately every 27 months.
4
TOM OF READING IRI ICIPAL UG14T DEPARTMENT Obbbwl,
RATE COMPARWONI READING/IIMROIMDING TOM n
INDUSTRIAL-TOU
REIIMTIAL MSNMTIAL-TOU REI.NOT WATER COYYBlCML IRIALL COYRIEIRyAL ECHOOI RATE /MAIM L1M'N
TM YM % Im kW l RIM YWA't T.3M WAlft tm 3MM YM 's 2M.MI WN Owlr�d
TIN{sm 21LIM YW DMw4 MAN NN DOMOM 131.6 IW Own4 "W IMM
READWG MRN/CIFAL UGIT DBT.
TOTAL BILL $Wso =170.87 5111.M SM3 p 51p.93 54,006.84 8,0,686.44
PER RAI CHARGE 50.12873 S0.11371 $0.11184 50.11834 50.15540 $0.11457 50.1001 S
NATIONAL GRD
TOTAL ILL =101.46 $2M.M 8134.01 81,040.78 SUSAN $41266.E7 811,807.33
PER KIMH CHARGE SO.13527 $0.13472 50.13401 50.14340 50.13842 $0.12162 50.10783
%DIFFIRENCE S.06% 18.47% 19.82% 21.17% -10.93% 6.16% 7.67%
N/TMRCOMPANY
TOTAL BILL $114.M s2oa31 5161.10 s,.OM.84 S/Mw7 M,934.n SA M.M
PER KWN CHARGE SOAS332 $0.13881 50.15118 50.14532 $0.14858 50.16928 $0.13058
%DIFFERENCE 19.11% 22.07% 3$.17% 22.80% -4.396 47.75% 30.38%
PEAWDY YRNRCIPAL UGHT PLANT
TOTAL BILL SM.94 6,66.82 8114.13 5616.74 SU93.87 54,460.74 810.864.46
PER KWN CHARGE 50.11 S92 $0.11234 SO.11413 $0.12558 50.14257 50.12762 50.08648
%DIFFERENCE 9.95% -1.20% 2.05% 6.12% 9.26% 11.39% 3.67%
MWDLETON RNIMCIPAL LIGHT DEPT.
TOTAL BILL sM.77 5106 36 $132.04 5666 st SlIL44 :4762.93 513,330.76
PER KYMI CHARGE $0.13303 50.13226 S0.13264 50.13144 50.15596 50.13608 SO.,2174
%DIFFERENCE 3.34% 16.31% 18.60% 11.07% 0.36% 1&78% 21.56%
WAKEFIELD NUMMAPAL LIGHT DEPT.
TOTAL 8" 5193.11 S,M.82 8136.30 $1,027.M S/M.70
54,6o&a 813.346.a
PER KWH CHARGE 50.13748 $0.13328 50.13538 50.14077 50.15348 SO.13737 50.12097
%DIFFERENCE 6.80% 17.21% 21.05% 18.95% -1.23% 19.90% 20.79%
Page 1 of 1
Jeanne Foti
® From: Vincent Cameron
Sent: Wednesday, September 28, 20119:31 AM
To: Richard Hahn; Phil Pacino; Gina Snyder; Mary Ellen O'Neill; Bob Soli
Cc: Bob Fournier; Joe Donahoe; Jeanne Foti; Patricia Mellino; Priscilla Gottwald
Subject: Account Payable Warrant-September 23
Soil
1. N. Reading Parks-What is this?
The $81 charge for the North Reading Parks and Recreation is for an ad in their Fall 2011 publication
which lists events going on in the community and sponsored by ads purchased by businesses in the
community. It is an 11 x 17 publication laid out like a newspaper(Transcript)and for distribution to all
North Reading families. I have a sample of the Spring/Summer edition if you'd like to see it.
2. Soli -Sales tax last week. I don't understand how most times RMLD is exempt&this time is not.
For auto body repair the tax is worked into the total cost of all parts and materials for the job in which the
auto body must pay and in turn the RMLD must also pay. For instance, while repairing the vehicle the
auto body uses sanding discs, sand paper, paper to cover the car, tape, etc. These are items not listed
that the shop has used on our vehicle and paid taxes on that are included in the in the total cost.
Snyder
1. Cranney Co. - Invoice is from May? Also, why doesn't PO show the 133,950 paid to date?
The invoice is dated May. All invoices are sent directly to RDK(Engineering firm)to be approved for
payment, then once approved sent to the RMLD as an application for payment . The RDK Certificate for
Payment is dated 9/16/11. The total paid to date is listed as"Less Previous Certificates for Payment"at
$133,950. For future reference, there will be two more Applications for Payment$11,073.20 and
$1,992.80.
Alikk5
9/28/2011
Jeanne FoU
From: Vincent Cameron
Sent: Thursday, October 06, 2011 9:40 AM
To: Richard Hahn; Phil Pacino; Gina Snyder; Mary Ellen O'Neill; Bob Soli
Cc: Bob Fournier; Kevin Sullivan; Steve Kazanjian; Jeanne Foti
Subject: Answer to Questions on Payables for 10/3/11
l
DOC.PDF(40 KB)
Snyder
1 . Kazmierczak - Bill does not match refund 131. 94 .
On the second sheet the Account Balance is shown as $47. 50 The bill attached shows
$131. 94, which was paid in addition to the previous billing of $47.50. The customer paid
$47 . 50 for their previous bill and the bill for $131 . 94 was sent while the $47. 50 was
being sent in by the customer. Therefore, the $47 .50 was paid twice.
2. Machnik - Bill does not match refund 131. 94 .
The Machnik refund was essentially the same situation as Kazmierczak's described above.
On the second sheet the Account Balance is shown as $79.77. The bill attached shows
$123. 59, which was paid in addition to the previous billing of $79.77. The customer paid
$79.77 for their previous bill and the bill for $123. 59 was sent while the $79.77 was
being sent in by the customer. Therefore, the $79.77 was paid twice.
3. McSweeney - This overpayment is similar to question last month described as
overpayment rather than a final bill. It's costly to process these, why not take it
off the next month's bill?
This payment is the same as described above. There was no "next payment" because the
customer finaled out.
4 . Caliper - What is the cluster graph report?
The cluster graph report shows points on a graph showing different capabilities of
prospective employees who take the Caliper Test.
5. Rotary - Would like to see ad @ our next meeting.
The add was attached to the invoice. It is also attached to this e-mail.
O'Neill
av3n - Why travel on Sept. 15th when conference did not begin until the
i,th.% .,. _1^ienration provided for hotel charges, but not payment
thereof. Why a car rental on the 16th (Sullivan) ?
The RMLD is upgrading its meters and will have a fixed network meter reading scheme within
the r;ext year. It is in the RMLD's Capital Budget . Kevin and Nick attended an Itron
�ers _ _rPcre to �:�in m:�re information about Itron meters and fixed networks. Kevin
has b<an in .:nrnunicatior:s w_th personnel from Tucson Electric Power regarding their Fixed
Networl: "•7e' -ri:cg System `r.t=y gave installed and been testing. The people at TEP have been
.MLD. This s-;rr,-,er I was invited to view t;ie system iri
�r Itrr Jser' s Conference in Phoen' X
and scp their system in a tion.
Ir; :,oth K,_vi.n' s and Nick's expense report ere is
1
information as to the pre conference seminars they attended on Saturday and Sunday. The
Itron regular conference started on Monday.
inerary for Nick and I:
ursday afternoon fly to Phoenix.
iday morning @ 07 :00 rent a vehicle for travel to Tucson Electric Power (TEP) .
Arrive in Tucson @ 08: 45 (TEP Engineering/IT personnel cleared their day for discussion
and system explanation) Arrive back to Phoenix @ 18: 30, register for Itron pre-conference
training classes Saturday and Sunday. Drop off vehicle.
Saturday and Sunday 09:00 - 16:00 attend Fixed network 100 class Monday 08:00 attend Itron
User's conference opening ceremony Monday and Tuesday agenda: attend 5 knowledge break-out
sessions each day 09:30 - 16:30 (150 available)
Monday Sessions: 1. OEM communication products and offerings
2. A smart grid - go to market strategy case study
3. Optimization of fixed network daily operations and MDM
integration
4 . Finding lost or stolen meters with AMR
5. IEE MDM C&I roundtable
Tuesday Sessions: 1. Leveraging your MDM solution to minimize IT impact
2. The ins and outs of radio frequency technologies
3. Bonneville Power's MDM implementation: project
methodology and lessons learned
9 . Idaho Power MDM implementation and operation (double
session) Wednesday fly back home
2. Gray's Towing - Two vehicle accidents. What are the causes? Whose responsibility?
West Willow and Summer in Reading. A vehicle hit one of our vehicle and damaged it. We
have contacted the vehicles owners insurance company for payment.
Lowell St and Route 38, Wilmington. Our vehicle was parked and it was sideswiped by
another vehicle. We have contacted the other person's insurance company for payment.
Wilmington Police Department - Another person doing detail on Sept. 20 billed at
*ght hours rather than the actual four that were on blue slip.
I put a notation on the invoice that there was incorrect billing on the bill from the Town
of Wilmington. I also made a notation at the top of the page to return the check to the
RMLD and we can either redeposit it or credit the next payment to the Town of Wilmington
Police.
2
X,
Ipin li✓ I f i1
1
{
> yyam.++ ✓�:
a 781-944-1340 • 24 Naui l ratty l Reading Municipal Light nepanmeni
d
781-942-0598 • 71)iltc,l Il ek Olt c;FVPRAf1UKSP
File 7S 1-914-409 a .365 ays.-1 Kur 130 Ash Street PC Box 150,Reading,MA 01867
Page 1 of 3
Jeanne FoU
® From: Vincent Cameron
Sent: Thursday, October 06, 2011 2:03 PM
To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Gina Snyder; Bob Soli
Cc: Bob Fournier; Kevin Sullivan; Steve Kazanjian; Jeanne Foti
Subject: RE:Answer to Questions on Payables for 10/3/11
Mr. Soli's Questions
1. Lavin Stephen - Is there certification for these guys so that we know RMLD guys won't be hurt after
repairs?
Yes. WE only use certified mechanics.
2. Penn Xfrmr-What is it?
These are Load Tap Changer dial kits. We are replacing a dial for the Load Tap Changers at Station 5.
Load Tap Changers allow a transformer to adjust to voltage changes.
From: MaryEllen O'Neill [mailto:maryellenoneill@hotmail.com]
Sent: Thursday, October 06, 2011 12:58 PM
To: Vincent Cameron; Richard Hahn; Phil Pacino; Gina Snyder; Bob Soli
Cc: Bob Fournier; Kevin Sullivan; Steve Kazanjian; Jeanne Foti
Subject: RE: Answer to Questions on Payables for 10/3/11
A couple of questions/points.
*I thought Mr. Soli had a least one question on these set of payables?
*Copies of the agendas at the Phoenix conference were provided with the travel reimbursement forms for
Mr. D'Alleva and Mr. Sullivan. This has been the standard when employees are reimbursed for
attendance at out-of-town meetings/conferences. No written documentation of the reason for the
expenses incurred on September 16 was provided. It is reasonable to expect that such material is
provided and it should be provided for all travel reimbursement requests.
> From: vcameron@RMLD.com
> To: rhahn@lacapra.com; philpacino@grmp.net; bogina03@earthlink.net; maryellenoneill@hotmail.com;
BobSoli@aol.com
> CC: bfournier@RMLD.com; ksullivan@RMLD.com; skazanjian@RMLD.com; jfoti@RMLD.com
> Subject: Answer to Questions on Payables for 10/3/11
> Date: Thu, 6 Oct 2011 13:40:22 +0000
> Snyder
> 1. Kazmierczak - Bill does not match refund 131.94.
> On the second sheet the Account Balance is shown as $47.50 The bill attached shows $131.94, which
was paid in addition to the previous billing of $47.50. The customer paid $47.50 for their previous bill and
the bill for $131.94 was sent while the $47.50 was being sent in by the customer. Therefore, the $47.50
4:.
was paid twice.
>
> 2. Machnik - Bill does not match refund 131.94.
10/20/2011
Page 2 of 3
> The Machnik refund was essentially the same situation as Kazmierczak's described above. On the second sheet
the Account Balance is shown as $79.77. The bill attached shows $123.59, which was paid in addition to the
previous billing of$79.77. The customer paid $79.77 for their previous bill and the bill for$123.59 was sent while
the $79.77 was being sent in by the customer. Therefore, the $79.77 was paid twice.
> 3. McSweeney -This overpayment is similar to question last month described as overpayment rather than a
final bill. It's costly to process these, why not take it
> off the next month's bill?
> This payment is the same as described above. There was no "next payment" because the customer finaled out.
> 4. Caliper- What is the cluster graph report?
> The cluster graph report shows points on a graph showing different capabilities of prospective employees who
take the Caliper Test.
> 5. Rotary - Would like to see ad @ our next meeting.
> The add was attached to the invoice. It is also attached to this e-mail.
> O'Neill
> 1. D'Alleva/Sullivan - Why travel on Sept. 15th when conference did not begin until the 17th? Documentation
provided for hotel charges, but not payment
> thereof. Why a car rental on the 16th (Sullivan)?
> The RMLD is upgrading its meters and will have a fixed network meter reading scheme within the next year. It
is in the RMLD's Capital Budget. Kevin and Nick attended an Itron users conference to gain more information
about Itron meters and fixed networks. Kevin has been in communications with personnel from Tucson Electric
Power regarding their Fixed Network Metering System they have installed and been testing. The people at TEP
have been invaluable as a resource for the RMLD. This summer I was invited to view the system in operation
(cutover was done in July). With the Itron User's Conference in Phoenix, it became advantageous to visit Tucson
Electric and see their system in action.
> Kevin and Nick's itinerary is below. In both Kevin's and Nick's expense report there is information as to the pre
conference seminars they attended on Saturday and Sunday. The Itron regular conference started on Monday.
> Itinerary for Nick and I:
> Thursday afternoon fly to Phoenix.
> Friday morning @ 07:00 rent a vehicle for travel to Tucson Electric Power(TEP).
> Arrive in Tucson @ 08:45 (TEP Engineering/IT personnel cleared their day for discussion and system
explanation)
> Arrive back to Phoenix @ 18:30, register for Itron pre-conference training classes Saturday and Sunday. Drop
off vehicle.
> Saturday and Sunday 09:00 - 16:00 attend Fixed network 100 class
> Monday 08:00 attend Itron User's conference opening ceremony
> Monday and Tuesday agenda: attend 5 knowledge break-out sessions each day 09:30 - 16:30 (150 available)
> Monday Sessions: 1. OEM communication products and offerings
> 2. A smart grid - go to market strategy case study
> 3. Optimization of fixed network daily operations and MDM integration
> 4. Finding lost or stolen meters with AMR
> 5. IEE MDM C&I roundtable
> Tuesday Sessions: 1. Leveraging your MDM solution to minimize IT impact
> 2. The ins and outs of radio frequency technologies
> 3. Bonneville Power's MDM implementation: project methodology and lessons learned
Page 3 of 3
> 4. Idaho Power MDM implementation and operation (double session)
> Wednesday fly back home
>
> 2. Gray's Towing -Two vehicle accidents. What are the causes? Whose responsibility?
> West Willow and Summer in Reading. A vehicle hit one of our vehicle and damaged it. We have contacted the
vehicles owners insurance company for payment.
> Lowell St and Route 38, Wilmington. Our vehicle was parked and it was sideswiped by another vehicle. We
have contacted the other person's insurance company for payment.
> 3. Wilmington Police Department- Another person doing detail on Sept. 20 billed at eight hours rather than the
actual four that were on blue slip.
> I put a notation on the invoice that there was incorrect billing on the bill from the Town of Wilmington. I also
made a notation at the top of the page to return the check to the RMLD and we can either redeposit it or credit
the next payment to the Town of Wilmington Police.
10/2012011
Page 1 of 3
Jeanne FoU
From: MaryEllen O'Neill [maryellenoneill@hotmail.com]
Sent: Thursday, October 06, 2011 12:58 PM
To: Vincent Cameron; Richard Hahn; Phil Pacino; Gina Snyder; Bob Soli
Cc: Bob Fournier; Kevin Sullivan; Steve Kazanjian; Jeanne Foti
Subject: RE: Answer to Questions on Payables for 10/3/11
A couple of questions/points.
*I thought Mr. Soli had a least one question on these set of payables?
*Copies of the agendas at the Phoenix conference were provided with the travel reimbursement forms for
Mr. D'Alleva and Mr. Sullivan. This has been the standard when employees are reimbursed for
attendance at out-of-town meetings/conferences. No written documentation of the reason for the
expenses incurred on September 16 was provided. It is reasonable to expect that such material is
provided and it should be provided for all travel reimbursement requests.
> From: vcameron@RMLD.com
> To: rhahn@lacapra.com; philpacino@grmp.net; bogina03@earthlink.net; maryellenoneill@hotmail.com;
BobSoli@aol.com
> CC: bfournier@RMLD.com; ksullivan@RMLD.com; skazanjian@RMLD.com; jfoti@RMLD.com
> Subject: Answer to Questions on Payables for 10/3/11
> Date: Thu, 6 Oct 2011 13:40:22 +0000
> Snyder
> 1. Kazmierczak - Bill does not match refund 131.94.
> On the second sheet the Account Balance is shown as $47.50 The bill attached shows $131.94, which
was paid in addition to the previous billing of$47.50. The customer paid $47.50 for their previous bill and
the bill for $131.94 was sent while the $47.50 was being sent in by the customer. Therefore, the $47.50
was paid twice.
> 2. Machnik - Bill does not match refund 131.94.
> The Machnik refund was essentially the same situation as Kazmierczak's described above. On the
second sheet the Account Balance is shown as $79.77. The bill attached shows $123.59, which was paid
in addition to the previous billing of$79.77. The customer paid $79.77 for their previous bill and the bill
for $123.59 was sent while the $79.77 was being sent in by the customer. Therefore, the $79.77 was
paid twice.
> 3. McSweeney -This overpayment is similar to question last month described as overpayment rather
than a final bill. It's costly to process these, why not take it
> off the next month's bill?
> This payment is the same as described above. There was no "next payment" because the customer
finaled out.
> 4. Caliper - What is the cluster graph report? AdIML
> The cluster graph report shows points on a graph showing different capabilities of prospective
employees who take the Caliper Test.
Page 2 of 3
> 5. Rotary - Would like to see ad @ our next meeting.
>
> The add was attached to the invoice. It is also attached to this e-mail.
> O'Neill
> 1. D'Alleva/Sullivan -Why travel on Sept. 15th when conference did not begin until the 17th? Documentation
provided for hotel charges, but not payment
> thereof. Why a car rental on the 16th (Sullivan)?
> The RMLD is upgrading its meters and will have a fixed network meter reading scheme within the next year. It
is in the RMLD's Capital Budget. Kevin and Nick attended an Itron users conference to gain more information
about Itron meters and fixed networks. Kevin has been in communications with personnel from Tucson Electric
Power regarding their Fixed Network Metering System they have installed and been testing. The people at TEP
have been invaluable as a resource for the RMLD. This summer I was invited to view the system in operation
(cutover was done in 3uly). With the Itron User's Conference in Phoenix, it became advantageous to visit Tucson
Electric and see their system in action.
> Kevin and Nick's itinerary is below. In both Kevin's and Nick's expense report there is information as to the pre
conference seminars they attended on Saturday and Sunday. The Itron regular conference started on Monday.
> Itinerary for Nick and I:
> Thursday afternoon fly to Phoenix.
> Friday morning @ 07:00 rent a vehicle for travel to Tucson Electric Power(TEP).
> Arrive in Tucson @ 08:45 (TEP Engineering/IT personnel cleared their day for discussion and system
explanation)
> Arrive back to Phoenix @ 18:30, register for Itron pre-conference training classes Saturday and Sunday. Drop
off vehicle.
> Saturday and Sunday 09:00 - 16:00 attend Fixed network 100 class
> Monday 08:00 attend Itron User's conference opening ceremony
> Monday and Tuesday agenda: attend 5 knowledge break-out sessions each day 09:30 - 16:30 (150 available)
> Monday Sessions: 1. OEM communication products and offerings
> 2. A smart grid - go to market strategy case study
> 3. Optimization of fixed network daily operations and MDM integration
> 4. Finding lost or stolen meters with AMR
> 5. IEE MDM C&I roundtable
> Tuesday Sessions: 1. Leveraging your MDM solution to minimize IT impact
> 2. The ins and outs of radio frequency technologies
> 3. Bonneville Power's MDM implementation: project methodology and lessons learned
> 4. Idaho Power MDM implementation and operation (double session)
> Wednesday fly back home
> 2. Gray's Towing - Two vehicle accidents. What are the causes? Whose responsibility?
> West Willow and Summer in Reading. A vehicle hit one of our vehicle and damaged it. We have contacted the
vehicles owners insurance company for payment.
> Lowell St and Route 38, Wilmington. Our vehicle was parked and it was sideswiped by another vehicle. We
have contacted the other person's insurance company for payment.
> 3. Wilmington Police Department - Another person doing detail on Sept. 20 billed at eight hours rather than the
actual four that were on blue slip.
lip > I put a notation on the invoice that there was incorrect billing on the bill from the Town of Wilmington. I also
made a notation at the top of the page to return the check to the RMLD and we can either redeposit it or credit
10/20/2011
Page 3 of 3
the next payment to the Town of Wilmington Polite.
>
10/20/2011
Page 1 of 1
Jeanne Foti
From: Vincent Cameron
Sent: Friday, October 14, 2011 2:30 PM
To: Richard Hahn; Phil Pacino; Gina Snyder; Mary Ellen O'Neill; Bob Soli
Cc: Bob Fournier; Joe Donahoe; Jeanne Foti; Kevin Sullivan
Subject: Account Payable Removal Questions- October 7 & Payroll Questions
Snyder
1. Arco- Has charge gone up since PO price?
The price on PO 10-4381 A is estimated at$54.80 per cylinder, which includes delivery charge and the
Hazard Material Charge per cylinder. The particular invoice in question is $87.70 for two (2)cylinders,
delivery and hazard charges,which is equal to$43.85 per cylinder including all the applicable charges.
2. Kiley- PO not timely on $3,950 job.
The vendor checked out the vehicle and told us there was additional work needed. They did not get us
the paper work for the additional repair timely enough to process the PO earlier. We talked to the vendor
and told them they have to get the paper work to us prior to performing the work. It should be noted that
payments for truck work is not okayed until the truck is returned and the work has been inspected by our
Facilities personnel.
3. RMI -Would like more detail on this.
This is Risk Management Inc., is a consultant the RMLD uses for information relating to the fossil fuel
market. The RMLD receives fossil fuel market information, natural gas and oil price forecasts, and
monthly reports. The RMLD uses this information when we fill in tranches of natural gas for the Heat
Rate Fuel Index contracts. The RMLD also uses the information for timing of RFPs for power supply.
4. Utility Services-What is"Culture of Compliance"?
This is activity related to the North American Electricity Reliability Council's compliance standards that
have to be adhered to by all electric utilities. A conference was held locally on the"Culture of
Compliance", which was attended by our consultant and by Kevin Sullivan.
O'Neill
1. Cushing, Jammallo +Wheeler-What were the causes of these two transformer releases?
The 271 Ballardvalle Street,Wilmington release was caused by a landscaper damaging a
transformer, causing it to leak. The RMLD will be reimbursed by the customer's insurance. The 19 Ryan
Road, Lynnfield incident occurred during Hurricane Irene, when a tree damaged a pole mounted
transformer.
Soli
1. Flaherty OT - SCADA what?
The SCADA system went down and the employee had to troubleshoot it after hours.
2. Maillett OT - Meter upgrade what of MIS?
The meter upgrade project requires the Info Techs to process services order as the meters are changed
out. This rewires overtime activity to get all the service orders processed timely.
10/20/2011