HomeMy WebLinkAbout2014-03-27 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners
Regular Session RECEIVED
230 Ash Street
Reading, MA 01867 TOWN CLERK
March 27, 2014 1^;D-AU1NG. MASS.
tart Time of Regular Session: 7:30 p.m.
End Time of Regular Session: 9:15 p.m. ZIE4 OCT `b A 8: 44
Commissioners:
John Stempeck, Chairman Philip B. Pacino, Vice Chair
Robert Soli, Commissioner David Talbot, Secretary Pro Tern
David Mancuso, Commissioner
Staff:
Coleen O'Brien, General Manager Jeanne Foti, Executive Assistant
Bob Fournier, Accounting/Business Manager Hamid Jaffari, Engineering and Operations Manager
Jane Parenteau, Energy Services Manager
Citizens' Advisory Board (CAB):
George Hooper, Vice Chairman
Dennis Kelley, Member
Call Meeting to Order
Chairman Stempeck called the meeting to order and stated that the meeting was being videotaped; it is live in Reading only.
Opening Remarks
Chairman Stempeck read the RMLD Board of Commissioners Code of Conduct.
Introductions
Chairman Stempeck welcomed CAB Vice Chairman, George Hooper and Dennis Kelley, new CAB Member from
- `'ilmington. Chairman Stempeck also welcomed Hamid Jaffari.
Public Comment
There was none.
Approval of Board Minutes
January 29, 2014
Mr. Pacino made a motion seconded by Mr. Mancuso to approve the Regular Session meeting minutes of January 29, 2014,
with the correction presented by Mr. Soli.
Motion carried 5:0:0.
Commissioner Talbot will be the Secretary at this meeting.
General Manager's Report — Ms. O'Brien — General Manager
Ms. O'Brien welcomed CAB Member, Mr. Kelley.
Fiscal Year 2015 Budgets
Ms. O'Brien reported that the Fiscal Year 2015 Budget packets will be going out tomorrow. There are meetings that have been set up
for the Citizens' Advisory Board (CAB) as well as the RMLD Board. The CAB will meet Wednesday, April 2, at Lynnfield Town
Hall to cover the operating budget and Wednesday, April 9, at the RMLD to cover the capital budget. Commissioner Soli will cover
these meetings for the Board. The RMLD Board will meet on the budgets on Thursday, April 24 for both the capital and operating
budgets which will start at 5:30 pm. The budgets are separate; however, they were integrated this year and will help to lay it out in
story format. In the past, the budget was a one year focus, now the focus will be a six year plan. Everything will be transparent which
is important once the Reliability Study and Cost of Service Study are complete. The revenues, the rates, the capital outlay, system
improvements, etc. will reflect a six year plan, including the year we are in and the previous fiscal year to date (fiscal year 2014). The
budgets in the past did not show what happened in the previous year. The current budget format will include, what was budgeted in
the previous year, what was budgeted to date, where we are to date, and where we expect to finish. The fiscal year 2015 budget will
voted upon; however; fiscal years 2016, 2017 and 2018 are also included for planning purposes. As planning goes out in time, it
comes more of an estimate. When the Reliability Study has been completed, projects that have been earmarked may change due to
the study. One major focus area in the budget is the update and completion of the GIS system as it is the key foundation for RMLD's
ability to model the electric system for both reliability as well as energy services.
Regular Session Meeting Minutes
March 27, 2014
General Manager's Report — Ms. O'Brien — General Manager
Fiscal Year 2015 Budgets
Ms. O'Brien explained that a functional and operational GIS and integrated engineering system will allow the RMLD to tar
customers for demand response, peak shaving, and to assess the flexibility and reliability of the system. The second major RML
focus is pNelop a Substation Maintenance group and program. This was attempted in the past, and did not work; however, this
time it A happen. Maintenance, as she has stated before, has been very reactive and will be turned to become predictive and be
proactive. Reliability will be enhanced. Training will take place for substation technicians with a five and a half to seven year
journeyman program, similar to the lineworker program in which all work will be performed by trained in house talent.
Some key issues being added to the budget are LED streetlights. Ms. O'Brien pointed out that the towns have indicated to her that
they would like to convert to LEDs as a method of saving money in the energy line items within the town budgets. The RMLD will
be performing a pilot program delineating the details of this program. The RMLD is currently stopping High Pressure Sodium
replacement fixtures and converting to stocking LEDs. The RMLD will not be carrying anything in inventory that will not be used in
the future. The conversion has a projected two year timeframe as shown in the budget. Ms. O'Brien is not sure if this can be
performed in house or with outside consultants. To look at the potential savings garnered, see Cape Light Compact's website for
similar analysis. The RMLD has similar analyses currently underway. The LED conversion in all four towns will cost about $3
million.
The other large item is the master site facilities plan. That looks at every facility, asset of land and structure the RMLD owns to
ensure it is being used in the most efficient means. The consultant, through RFP, will be looking at this building, Station One (the
architectural historical building) etc. Also, considered is the rent at the Barbas building. Ms. O'Brien said that Mr. Barbas owns the
parking lot next door that will be evaluated as well for value.
Ms. O'Brien stated that these are multimillion dollar projects that will be in the budget. These projects are not cheap to do, however,
are necessary. Ms. O'Brien reported that she met with the Town Manager, of the Town of Reading today and they are very interested
in economic development for this entire area as well as assisting the RMLD. Ms. O'Brien explained to them that the RMLD is a
valuable enterprise of the Town. RMLD sustains its value through the sale of electricity. To support RMLD and maintain its success,
economic development growth is required to help flat sales.
Mr. Talbot commented that relative to the LED streetlights, he would encourage the towns to assess whether they need all
streetlights because there is often redundancy. Mr. Talbot suggested taking back to the boards an assessment of what can be
performed by a luminosity test as a means to remove some streetlights. Mr. Pacino stated that there was a program in which the Town
of Reading shut off some streetlights where some of the residents adopted lights; he would like to see this be part of the program. Mr.
Pacino said that he and his neighbor when living on Copeland Avenue paid to keep a streetlight on for safety purposes.
Ms. O'Brien said that they are going to roll this program out slowly. Ms. O'Brien, Ms. Parenteau and Mr. Jaffari will send out a letter
to each of the CAB members to see if they can meet with each of the town managers to see if they are interested in attending the
meetings on the pilot program. That is the process preliminarily because the RMLD budgets have not been approved. Ms. O'Brien
stated that Mr. Talbot is correct in that the discussion with the towns, RMLD needs to determine which lights will be replaced. Mr.
Pacino cautioned that at one point the lights were shut off in Reading and on Main Street someone was hit and the RMLD was sued,
so there needs to some sort of indemnity agreement that the RMLD has with the towns. Chairman Stempeck asked when that
happened. Mr. Pacino replied ten to fifteen years ago. Mr. Hooper said that this is part of the five year plan and to sit down with the
respective town managers. Ms. O'Brien reiterated the process is slow and will start with a pilot program. Typically, what happens in
the town, the light department will have a streetlight policy that is adopted with the town and would provide mechanisms for
customers to have the lighting evaluated in such cases of dangerous intersections. The customer complaint would be reviewed by the
RMLD, but handed over to the town manager for each respective town. Since the RMLD owns and retains the lights this would be
their indemnification if an incident were to occur. Ms. O'Brien is unsure if there currently there is that formality relative to
streetlighting.
Organizational Study RFP
Ms. O'Brien reported on the Organizational Study and long term planning Reliability Study that they were held for bid since the last
time until such time as the Director of Engineering & Operations, Hamid Jaffari was able to make his initial assessment of the electric
system, its facilities, operational, maintenance and testing status as well as procedures construction standards, operational,
engineering, personnel and safety. The RFP was written up and Mr. Jaffari has gone through the entire system in order to focus the
study in areas assessed as more critical than others, in order that the RMLD get the most value out of its money. Ms. O'Brien thanked
Mr. Jaffari for his efforts for completing this in such a short time. The bid should go out this week. Once the bid is out you can rear'
on the Central Register.
Mr. Talbot asked if the RFP is being drafted by Ms. O'Brien in terms of what we are getting studied, as well as the aims of the study.
Ms. O'Brien responded that she can send Mr. Talbot a copy.
Regular Session Meeting Minutes
March 27, 2014
General Manager's Report – Ms. O'Brien – General Manager
Organizational Study RFP
MF s. O'Brien stated that the RFP is a combination of organizational and reliability study, that includes the mission statement of how
Wu are organized, number of people, the job descriptions, what people are doing what they should be doing, the skill sets and the right
number of people. That gets tied into your reliability and planning study, in which you are evaluating the electric system for present
and future needs that integrate into Energy Services for peak demand. It is not only reliability, but how it will transform the
organization into the future. Mr. Talbot said that what he is getting at, is that some point this evening he was going to raise the
question of what are we doing with our fiber optic loop, what is its capacity, and how we are monetizing it. Ms. O'Brien said that
topic is in the study. Mr. Talbot said we should study expanding RMLD's business operations and look at ways the RMLD can
generate revenues from the fiber optic loop. Ms. O'Brien stated that is an excellent point and is in there. Chairman Stempeck added
that the study will tie into the six year plan. Ms. O'Brien commented that the study will provide a report of the recommended changes
for optimization and efficiency in a plan, by priority. Ms. O'Brien said that she and Mr. Jaffari found no smoking guns other than
there have been a lack of maintenance on a good amount of the equipment which is being addressed immediately. Mr. Talbot said that
he has been doing research on what other municipals in Massachusetts have been doing with regard to fiber optics. There are light
departments in Massachusetts that are in the Internet business. Some are competing head on with Verizon or Comcast. A couple of
municipals are doing high speed Internet. Shrewsbury is filling a gap where there is no service. A quarter to a third of the municipal
light departments in Massachusetts is in this business to some degree or another. Mr. Talbot's question is why not the RMLD, what
are we doing now, and what could we be doing since the RMLD has a fiber optic loop. Mr. Talbot said that state law authorizes light
boards to be in this business which is different from franchise agreements, there is no legal reason prohibiting this. Mr. Mancuso
pointed out that there are wealth of towns that have tried and failed and there a plethora of information of what has and hasn't worked.
Mr. Mancuso cautioned that the cable business is a unique business unto itself. There are ample examples of successes and failures.
Mr. Talbot said that there are twelve municipals that are doing something; the question that presents itself is, are they making money
at it, if they are not making money, why are they still doing it. Mr. Mancuso pointed out that the competitive environment changes the
dynamic. Mr. Talbot commented that it is complicated, but it's clear the RMLD's traditional business is facing pressures from a
number of directions for the long haul, and meanwhile data demand is increasing over the long haul. Mr. Pacino said that this topic
has been discussed by the commission over the years; with the question being —what is the RMLD good at and staying with what we
are good at. The consensus of the Board was that the Internet is something that can be explored.
hairman Stempeck pointed out that with RMLD's demand decreasing for many different reasons how is that identified on the cost
uction side. Chairman Stempeck said that everyone looks at that, you can only reduce costs so much in a fixed cost market.
hairman Stempeck stated that the question is, how can you increase the demand in RMLD's four town area. This could involve
server farms that are intensive for electricity usage; Analog Devices is a perfect example. If the RMLD can find and draw customers
to the four town area, because the RMLD has some of the lowest electricity rates, that makes a substantial difference and we should
begin to explore who those companies might be. In trying to find a competitive advantage, even as a municipality, there is no reason
that we do not take advantage of that because it brings in new jobs into all the towns RMLD serves.
Ms. O'Brien explained that the study takes into account looking at the existing fiber loop and all the ways the RMLD can use the loop
for communication beyond the metering and fixed network system. Sections of the fiber are rented out and the RMLD makes some
money on that. It will look at ways the RMLD can better utilized the fiber loop to see if there is some economic value beyond that.
Ms. O'Brien said that at the last utility she worked at a study was performed. Unless, you did not have an over built like in
Shrewsbury where there was no system then you had a value in your own cable system. Ms. O'Brien cautioned that you need to be
really careful because the technology changes and you need specialized staff that can respond to changes rapidly. Mr. Talbot pointed
out that fiber optic cable itself is not considered subject to becoming obsolete. He said these days our data bills are often higher than
our electric bills, and that the big Internet companies have margins of up to ninety percent. Mr. Talbot said that he wants the study to
take a hard look at this. Ms. O'Brien said that what Chairman Stempeck is speaking to is the development of the economic
development team and the town has one. Also, RMLD's Key Account position is being replaced with a market focused engineer that
will help keep and attract new customers. Mr. Mancuso said that is a great initiative that many have the competence to develop a
serious economic plan if the RMLD could support in that effort it would be great. Chairman Stempeck asked if the other towns have
economic development committees. Mr. Hooper replied that in Wilmington he believes they do. Chairman Stempeck asked if there is
any coordination between the towns. Ms. O'Brien responded that is why she is starting with the Town Manager in Reading to ask and
perhaps a team could be put together with a specialist from each town that economic development's focus could be marketing,
retaining and attracting new customers, specifically for large commercial customers at the RMLD. Ms. O'Brien stated that Ms.
Gottwald as well as Key Accounts does a great job with the smaller commercials with the community Chamber network.
Power Supply Report – February 2014 – Ms. Parenteau (Attachment OF�js. Parenteau reported that the RMLD's load for February was approximately 55.02 million megawatt hours, which is a 2.2%
%goicrease from February 2013. RMLD's energy cost was approximately $3.38 million, approximately equivalent to a little over $.06
per kilowatt-hour.
Regular Session Meeting Minutes
March 27, 2014
Power Supply Report — February 2014 — Ms. Parenteau (Attachment 1)
Ms. Parenteau stated that the Fuel Charge adjustment was $.05 per kilowatt -hour for February and the RMLD sales totaled 57.6
million kilowatt hours, as a result the RMLD under collected by approximately $676,000 resulting in a Deferred Fuel Cash Rese
balance of $935,000. The March Fuel Charge was increased to $.055 and the projected fiscal year ending balance of the Deferre
Fuel Cash is $3 million.
Ms. Parenteau reported that the RMLD purchased about 9.3% of its energy requirements from the ISO New England Spot Market at
the average cost of $139 per megawatt hour.
RMLD's peak demand for February was 106 megawatts which occurred on Thursday, February 13 at 7:00 pm, last year the peak was
105 megawatts which occurred on Monday, February 4 at 7:00 pm. The monthly capacity requirement was 215 megawatts with the
total capacity cost of $1.47 million which is equivalent to a little under $7 a kilowatt month. Capacity and energy costs were
approximately 8.83 cents per kilowatt hour with 7.6% of the energy from hydro generation.
The RMLD has four hydro projects that receive RECs. The RMLD has sold 13,000 vintage 2013 RECs for $727,000 which
represents the first three quarters of 2013. The RMLD estimates that it will receive an additional $178,000 from the projected sales
of 5,600 RECs for quarter four 2013 RECs that need to be retired or sold by June, 2014. The total 2013 REC revenue is estimated to
come in at $905,000.
Transmission costs in February were $912,000 which is a 12% increase compared to last year.
Ms. Parenteau reported that eight commercial rebates were processed in January and February totaling $65,898 which brings the
fiscal year 2014 total to $204,000. The capacity savings is 729 kilowatts and the energy savings 2,096 megawatt hours. On the
residential side there have been eight hundred twenty eight appliance rebates totaling over $40,000 and there have been two hundred
sixty four customers that have received energy audits for $52,000.
Mr. Soli commented that on last month's purchase power summary, the energy for the ISO Interchange being a negative $1 million.
The financials however resulted in a negative credit of $176,000. At the last meeting he asked how the negative $1 million would
affect the NYPA credit. He would like to see the effect of the NYPA credit for January. Ms. Parenteau said that this could b
provided, however there is a two month lag in the NYPA credit. The February NYPA credit is the result of December's purcha
power. Ms. Parenteau said that the negative credit takes into account RMLD's ownership in StonyBrook in January because that
plant ran in real time, the RMLD received additional revenue.
Mr. Soli clarified that the February financials the NYPA credit is due to what month of purchase power. Ms. Parenteau stated that
February is a result of December's purchase power. Ms. Parenteau commented that the she has run preliminary numbers on the
January credit which come out to approximately $312,000 and have not received February to date. Ms. Parenteau will get that
information to Mr. Soli.
Engineering and Operations Report — February 2014 — Mr. Jaffari (Attachment 2)
Mr. Jaffari presented the February Engineering and Operations Report provided in the Commissioner packets.
Mr. Jaffari explained that some of the projects are delayed due to system maintenance, new construction as well as aged equipment
throughout the service territory which will be addressed in the System Reliability Study. As a result of the study, this will provide a
road map for a maintenance program.
Mr. Jaffari reported on System Projects:
101 5W9 Reconductoring — Wildwood Street: This project entails reconductoring 7,000 circuit feed of 336 spacer cable to 795
which started in fiscal year 2014 with a duration until fiscal year 2016. There are two components, the underground and overhead
upgrades. The crews are currently working on the overhead portion with the underground portion completed in May, 2014.
102 4W4 Reoonductoring: This will replace 5,500 circuit feed of 336 spacer cable to 795 and the reason for this is to increase the
circuit capacity for loading and flexibility switching from IOMVA to 15MVA. This project is delayed due to manpower.
103 Upgrading of Old Lynnfield Center URDs (Trog Hawley This includes three subdivisions that have aged equipment, the life of
the transformers is old technology which is outdated, 512 and 513 at Needham Road have been completed. Trog Hawley was starte
in fiscal year 2013 and completed in fiscal year 2014. 0
Regular Session Meeting Minutes
March 27, 2014
Engineering and Operations Report — February 2014 — Mr. Jaffari (Attachment 2)
104 Upgrading of Old Lvnnfield Center URD's (Cook's Farm): The crews will start working on Cooks Farm in fiscal year 2014
(4entive an anticipated completion in September 2014. The aged infrastructure is going to be replaced with new equipment. This is
maintenance to circumvent failures.
Chairman Stempeck asked if the transformers are tested. Mr. Jaffari replied that the new transformers are being tested prior to being
installed. Chairman Stempeck clarified that he is speaking to the aged transformers because transformers were changed out on a
reactive versus proactive basis. Mr. Jaffari explained that approximately fifty percent of the transformers on the system are aged.
The average life expectancy for transformers is approximately twenty years. Anything over twenty years may be exceeding its
limits. Preventive maintenance and transformer load management are programs are means that assist in cycling out transformers
proactively.
Mr. Soli asked does a transformer have no moving parts, what can break. Mr. Jaffari replied that there are two elements that affect
transformers. If a transformer is overloaded it puts stress on its windings. Also, the integrity of windings paper insulation degrades
by aged oil and heat, which reduces the life expectancy. The main concern with the aged transformers in our system is the oil leak,
which causes environmental issues and results in costly cleanups. Mr. Soli said that there are moving parts in a transformer that are
minuscule.
Mr. Mancuso asked if there is a way that the RMLD calculates the remaining value of the life of the transformer or equipment as it is
changed out. Mr. Mancuso added that you know you have exhausted the value when a transformer fails, but is that number captured.
Mr. Jaffari replied yes, once we implement the TLM program and load analyses are performed for all transformers. Mr. Mancuso
commented that some of the value of the transformer is captured for a cost benefit analysis. Mr. Jaffari pointed out that aged
transformers are not efficient, but with new transformers per DOE's mandate are ninety nine percent efficient. This cuts down on the
losses, which is energy savings for the utility.
Ms. O'Brien clarified with Mr. Mancuso, is his question is that would the RMLD replace something that has value. Mr. Mancuso
said that he has no question with the value of being proactive; his concern is the cost benefit. Ms. O'Brien said that what Mr. Jaffari
is saying is that once the GIS is built that information from RMLD's customers load will point to a specific transformer. The
. Cdustry provides curves that are predictive. With the lack of maintenance and the number of transformers that have not been
pected, the RMLD does not want to replace anything that it does not have to. The RMLD will use predictive curves being on the
conservative side to prevent what happened in Wilmington. One spill you could have replaced the $150,000 spent for that incident
with many transformers. Mr. Mancuso said that the data being captured would drive those decisions. Ms. O'Brien agreed. It is a
predictive curve for the insulation. Mr. Jaffari added that once the system is integrated with AMR and GIS, the customers Kwh
consumptions are transferred to the database and the loading of transformers are estimated. Then, the life cycle analysis could
predict the life expectancy of the transformers. This analysis estimates the predictive failure time for all transformers in the system;
this is the strategy that will be utilized for asset management. Ms. O'Brien added that while a transformer may not have leaked, its
efficiency has degraded to the point of not being cost effective. This is exactly what is predicted in the manufacturer's insulation
curves. Without a transformer loading data program at RMLD it is difficult to determine the true cost benefit point by which, a
particular transformer should be replaced. Overloaded transformers lives can be expediential; a no cost benefit issue.
105 4W5 -4W6 Tie: This project will enhance and increase capability of switching within the feeders and swapping load in the peak
periods. This involves the installation 1,500 circuit of 556 spacer cable to provide additional capacity for switching. The RMLD is
currently waiting for Verizon to remove the poles.
106 URD Upgrades All Towns: There are 244 URDs in RMLD's service territory, 65 are over twenty five years old, the cable and
transformers. These need to be upgraded. The transformers are 1995 vintage which will be inspected and identified for the need for
replacement. Two have been completed to date and by June 2014, there will be thirty transformers. One crew will be dedicated to
maintenance.
107 Stepdown Area Upgrades 11 Towns: There are 32 step down areas in the service territory. These areas are thirty years old and
will be upgraded before they are converted. Currently, Vine Street in Reading is being worked on to convert to 13.8 high voltage that
also has lower losses. These are ongoing.
108 Station 4 (Gaw) Relay Replacement Project: There are 14 kv and 15 kv mechanical electric relays that are being changed out to
solid state relays which are state of art. This has been delayed due to the lack of manpower. Once the Technical Service group is
(W rmed at the RMLD and training is provided, it will help provide the manpower to get projects completed.
109 Station 4 (Gaw) 35kv Potential Transformer Replacement: There are six 35kv potential transformer replacements that should be
completed by fiscal year 2014. Once the rest of the equipment is tested they will be replaced.
Regular Session Meeting Minutes
March 27, 2014
Engineering and Operations Report — February 2014 — Mr. Jaffari (Attachment 2)
110 Station 3 — Replacement of Service Cutouts: There are six porcelain cutouts that need to be replaced and will be have
animal guards on them for protection. This project should be completed in fiscal year 2014.
111 Station 4 (Gaw) Getaway Replacement — 4W 13: This project is calling for replacing 1,700 circuit feeder underground
cable to 750. This will increase the circuit capacity from 10 MVA to 15MVA. This project will be completed, April 2014.
125 Station 5 — Getaway Replacements 5W9 and 5W10: Both undergrounds need to be updated to 750 MCM Copper and
overhead work is involved in this project. The crews are currently working on 5W9.
130 Station 3 — RTU Replacement: This needs to be transferred to Schweitzer solid state relays for data processing. This will
be completed in fiscal year 2015.
Mr. Jaffari stated that for commercial service installations for the month of February the projects included North Reading
Middle and High Schools. Year to date expenditures for commercial installations are $27,204 and residential installations are
$7,704.
Mr. Jaffari then reported on all the routine construction items year to date total $1,237,339. Chairman Stempeck clarified that
the animal guard installations (which is part of routine construction reporting) are tied into the pie chart for outage types with
wildlife being the second largest factor. Mr. Jaffari stated that is correct.
Mr. Jaffari said that the RMLD System Reliability indices System Average Interruption Duration Index (SAIDI), System
Average Interruption Frequency (SAIFI) and Customer Average Interruption Duration Index (CAIDI) in the past was being
reported with benchmarking against itself. This report has been revised to have the RMLD compare itself against regional and
national standards for a five year timeframe comparison. Mr. Jaffari added that one big storm could change the indices
negatively. Chairman Stempeck asked if the five year timeframe includes both regional and- national standards. Mr. Jaffari
responded that the information comes from American Public Power Association (APPA) annually. Chairman Stempeck said
that the numbers indicate the RMLD is performing well against the benchmarks. Mr. Jaffari said that the focus has to be on
preventive maintenance in order to maintain reliability. RMLD will be developing a preventative maintenance program to
address that.
Mr. Jaffari added a portion to the report that demonstrates the causes of outages. The majority of failure causes has been trees at
27% and wildlife at 14% and the rest being equipment related 59% during fiscal year 2014 for the RMLD. Chairman Stempeck
said that this demonstrates that equipment is becoming a larger issue. Chairman Stempeck asked that for future charts can the
number of outages be listed. Mr. Jaffari will incorporate this.
Ms. O'Brien pointed out that when you look at the reliability indices and it demonstrates that the RMLD is doing well, it is at
that moment. Lack of maintenance can have a dramatic impact unexpectedly. As Mr. Jaffari has stated that there is a large
amount of equipment that is the same age which is reaching the end of its useful life. That is why the RMLD cannot continue
this way. What happened in Wilmington with oil spill in the aged subdivision there were five transformers one had a major
failure, one had a minor failure and three were pulled out that if not been taken out that week would have gone. The aged
transformers tend to fail at the same time. The RMLD is trying to stay ahead of that. Maintenance needs to take place. It is
good that the RMLD is being proactive because these incidents are happening throughout the service territory and RMLD does
not have sufficient staff to address this.
Financial Report — February 2014 — Mr. Fournier (Attachment 3)
Mr. Fournier presented the February Financial Report provided in the Commissioner packets for the first eight months of this
fiscal year; the negative change in Net Assets or Net Loss for February was $235,000, making the year to date Net Loss to a
little less than $930,000. Fuel Expenses have exceeded Fuel Revenues by approximately $1.7 million. The bulk of this loss is
due to the difference in the Fuel Revenue and Fuel Expense. As Ms. Parenteau has stated, the Deferred Fuel balance is at
approximately $1 million and would like to increase this to $3 million to offset the losses the RMLD is currently showing and
put the RMLD in good financial position by year end.
Year to date base revenues were under budget by $1.6 million or about 5 %. Actual base revenues were $31.3 million.
Year to date purchased power base expenses were over budget by $135,000 or less than I%. Actual purchased power base costs
were $19.5 million.
Year to date Operating and Maintenance (O &M) expenses combined were under budget by $143,000 or 1.5 %. Actual O &M
expenses were $8.4 million. Depreciation expense and voluntary payments to the Towns were on budget.
Regular Session Meeting Minutes
March 27, 2014
Financial Report — February 2014 — Mr. Fournier (Attachment 3)
Mr. Fournier reported that the Operating Fund is at $12.6 million which is due to a timing issue on the Account Payables;
ipital Fund $4.4 million; Rate Stabilization Fund $6.7 million; Deferred Fuel Fund $935,000 and the Energy Conservation
nd at $422,000. Year to date kilowatt hours sales are 455 million kilowatt hours, which is 2% behind last year. Gaw
revenues collected year to date are $475,000 which brings the total collected since inception to $2.5 million.
M.G.L. Chapter 30B Bids (Attachment 4)
IFB 2014 -19 Landscaping and Grounds Keeping Services
Mr. Jaffari reported that the existing landscaper Eagle Landscaping was terminated for performance issues which was a contract
that started April 2013 with the contract being terminated on February 24, 2014. There were 19 bids sent out with 3 responses,
1 bidder was the most responsive.
Chairman Stempeck asked why a sole bidder. Mr. Jaffari responded that the insurance requirement of five million was too
much for the potential bidders to acquire. Also, the properties were too large and too difficult to manage.
Mr. Talbot clarified to as what landscaping is being performed under this bid. Mr. Jaffari responded that substations, parking
lots, the RMLD operations at Ash Street for cleaning, mowing, mulching, substation weed control and brush control around the
transformers. Chairman Stempeck asked if this includes snow removal or is separate. Ms. O'Brien explained that the RMLD
plows and the rented property Mr. Barbas assisted the RMLD due to snow taking up too much space, it was a unique year.
Mr. Pacino made a motion seconded by Mr. Soli that bid 2014 -19 for Grounds Keeping and Landscaping Services be awarded
to Earthworks Landscaping Co., Inc. for $132,311.00 as the lowest qualified and responsive bidder on the recommendation of
the General Manager. (This is a three -year contract.)
Motion carried 5:0:0.
General Discussion
Mr. Pacino stated that Mr. Mancuso will be leaving the Board. The Board members thanked Mr. Mancuso for his service.
OARD MATERIAL AVAILABLE BUT NOT DISCUSSED
ate Comparisons, February 2014
E -Mail responses to Account Payable/Payroll Questions
RMLD Board Meetings
Thursday, March 27, 2014
Thursday, May 1, 2014
Citizens' Advisory Board Meeting
Fiscal Year 2015 Budget Meetings
April 2, 2014 — Lynnfield — April 9, 2014
Executive Session
At 8:42 p.m. Mr. Pacino made a motion seconded by Mr. Soli that the Board go into Executive Session to approve the
Executive Session meeting minutes of January 29, 2014, discuss mediation and union negotiations update, and return to
Regular Session for the sole purpose of adjournment.
Chairman Stempeck polled the Board. Motion carried by a polling of the Board:
Chairman Stempeck, Aye; Mr. Pacino; Aye; Mr. Mancuso;Aye, Mr. Soli; Aye and Mr. Talbot, Aye.
Motion carried 5:0:0.
Adjournment
At 9:15 p.m. Mr. Soli made a motion seconded by Mr. Mancuso move to adjourn the Regular Session.
A true copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
David Talbot, Secretary Pro Tern
RMLD Board of Commissioners
To: Coleen O'Brien
J
From: 01;c� Maureen McHugh, Jane Parenteau if
Date: March, 2014
Subject: Purchase Power Summary — February, 2014
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of February, 2014.
ENERGY
The RMLD's total metered load for the month was 55,020,513 kWh, which is an .02%
increase from the February, 2013 figures.
Table 1 is a breakdown by source of the energy purchases.
Table 1
ATTACHMENT 1
Amount of
Cost of
% of Total
Total $
$ as a
Resource
Energy
Energy
Energy
Costs
%
(kWh)
($ /Mwh)
Millstone #3
3,328,034
$7.37
6.05%
$24,516
0.73%
Seabrook
5,323,929
$8.19
9.68%
$43,587
1.29%
Stonybrook Intermediate
4,310,278
$184.18
7.83%
$793,868
23.48%
JP Morgan
7,625,600
$61.69
13.86%
$470,419
13.91%
NextEra
8,328,000
$67.13
15.14%
$559,050
16.53%
NYPA
1,997,657
$4.92
3.63%
$9,828
0.29%
ISO Interchange
5,118,670
$138.80
9.30%
$710,491
21.01%
NEMA Congestion
0
$0.00
0.00%
-$310,475
-9.18%
Coop Resales
3,496
$157.76
0.01%
$552
0.02%
BP Energy
8,633,600
$48.27
15.69%
$416,744
12.32%
Summit Hydro /Collins /Pioneer
1,326,164
$62.81
2.41%
$83,298
2.46%
Braintree Watson Unit
338,862
$161.61
0.62%
$54,765
1.62%
Swift River Projects
890,394
$100.93
1.62%
$89,867
2.66%
Exelon
7,715,200
$54.62
14.02%
$421,397
12.46%
Stonybrook Peaking
83,764
$161.86
0.15%
$13,558
0.40%
Monthly Total
55,023,648
$61.45
100.00%
$3,381,465
100.00%
ATTACHMENT 1
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT
Net Energy for the month of February, 2014.
Table 2
Amount Cost % of Total
Resource of Energy of Energy Energy
(kWh) ($ /Mwh)
ISO DA LMP " 5,658,774 146.86 10.28%
Settlement
RT Net Energy "` - 540,104 223.16 - 0.98%
Settlement
ISO Interchange 5,118,670 138.80 9.30%
(subtotal)
* Independent System Operator Day -Ahead Locational Marginal Price
** Real Time Net Energy
FEBRUARY 2014 ENERGY BY RESOURCE
Swift River Projects,
1.6%
i WatsnnIinit,
0.6Y.
Surntrril tydi u, 2.4
ISO Intercb:
NYPA, 3.64
I�0 ■ MIlstone #3
• Seabrook
• Stonybrook Intermediate
■JP Morfpn
Stonybrook ■ NextEra
ntermediate,
7.R% ■ NYPti
■ ISO Interchsnee
■ RP Energy
a Summit Hydro
■ RrArTtrrp. Ytatsnn I Init
in Swgt RiyerPrcjects
■ 1,w rn
Stonybrook Pea{dng
C
CAPACITY
The RMLD hit a demand of 105,961 kW, which occurred on February 13, at 7 pm. The
RMLD's monthly UCAP requirement for February, 2014 was 215,701 kWs.
Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements.
Table 3
Source
Amount (kWs)
Cost ($ /kW- month)
Total Cost $
% of Total Cost
Millstone #3
4,950
44.82
$221,879
15.02%
Seabrook
7,903
49.90
$394,371
26.70%
Stonybrook Peaking
24,981
2.00
$50,082
3.39%
Stonybrook CC
42,925
4.01
$171,983
11.64%
NYPA
4,019
4.02
$16,172
1.09%
Hydro Quebec
4,683
4.08
$19,120
1.29%
Nextera
60,000
5.50
$330,000
22.34%
Braintree Watson Unit
10,520
10.61
$111,661
7.56%
ISO -NE Supply Auction
55,720
2.90
$161,811
10.95%
Total
215,701
$6.85
$1,477,080
100.00%
Table 4 shows the dollar amounts for energy and capacity per source.
R
Table 4
Cost of
% of
Amt of Energy
Power
Resource
Energy
Capacity
Total cost
Total Cost
(kWh)
($ /kWh)
Millstone #3
$24,516
$221,879
$246,395
5.07%
3,328,034
0.0740
Seabrook
$43,587
$394,371
$437,958
9.01%
5,323,929
0.0823
Stonybrook Intermediate
$793,868
$171,983
$965,852
19.88%
4,310,278
0.2241
Hydro Quebec
$0
$19,120
$19,120
0.39%
-
0.0000
JP Morgan
$470,419
$0
$470,419
9.68%
7,625,600
0.0617
NextEra
$559,050
$330,000
$889,050
18.30%
8,328,000
0.1068
* NYPA
$9,828
$16,172
$26,001
0.54%
1,997,657
0.0130
ISO Interchange
$710,491
$161,811
$872,302
17.95%
5,118,670
0.1704
Nema Congestion
- $310,475
$0
- $310,475
-6.39%
-
0.0000
BP Energy
$416,744
$0
$416,744
8.58%
8,633,600
0.0483
" Summit Hydro /Collins /Pioneer
$83,298
$0
$83,298
1.71%
1,326,164
0.0628
Braintree Watson Unit
$54,765
$111,661
$166,425
3.43%
338,862
0.4911
* Swift River Projects
$89,867
$0
$89,867
1.85%
890,394
0.1009
Coop Resales
$552
$0
$552
0.01%
3,496
0.1578
Constellation Energy
$421,397
$0
$421,397
8.67%
7,715,200
0.0546
Stonybrook Peaking
$13,558
$50,082
$63,641
1.31%
83,764
0.7598
Monthly Total
$3,381,465
$1,477,080
$4,858,545
100.00%
55,023,648
0.0883
* Renewable Resources
7.66%
R
RENEWABLE ENERGY CERTIFICATES (RECs)
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
Projects through February, 2014, as well as their estimated market value.
Grand Total
1,441 4,219 19,052
Est.
Dollars
$65,736
$74,936
$38,164
$0
$726,871
$905,707
TRANSMISSION
The RMLD's total transmission costs for the month of February were $912,647. This is a
decrease of 7.78% from the January transmission cost of $989,607. In February, 2013 the
transmission costs were $801,945.
Table 6
Current Month
Table 5
Last Year
Peak Demand (kW)
Swift River RECs Summary
108,799
104,480
Period - January 2013 - February 2014
55,023,648
Banked
Projected Total
Energy ($)
RECs
RECs RECs
Woronoco
0
1,584 1,584
Pepperell
0
1,292 1,292
Indian River
0
658 658
Turners Falls
1,441
685 2,126
RECs Sold
13,392
Grand Total
1,441 4,219 19,052
Est.
Dollars
$65,736
$74,936
$38,164
$0
$726,871
$905,707
TRANSMISSION
The RMLD's total transmission costs for the month of February were $912,647. This is a
decrease of 7.78% from the January transmission cost of $989,607. In February, 2013 the
transmission costs were $801,945.
Table 6
it
Current Month
Last Month
Last Year
Peak Demand (kW)
105,961
108,799
104,480
Energy (kWh)
55,023,648
61,774,795
53,918,775
Energy ($)
$3,381,465
$3,161,945
$3,397,710
Capacity ($)
$1,477,080
$1,365,300
$1,498,056
Transmission($)
$912,647
$989,607
$801,945
Total
$5,771,193
$5,516,852
$5,697,711
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1:58 PM
READING MUNICIPAL LIGHT DEPARTMENT
FY 14 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING FEBRUARY 28, 2014
SCADA Projects
30 RTU Replacement - Station 3
Total Station Projects
Total SCADA Projects
NR
84,109 84,109
New Customer Service Connections
ACTUAL
YTD COST
12
Service Installations - Commercial /Industrial ALL
4,258
27,292
COST
THRU
ANNUAL
REMAINING
PROJECT DESCRIPTION
TOWN
FEB
FEB 2014
BUDGET
BALANCE
E&O Construction - System Projects
14
Routine Construction
1
5W9 Reconductoring - Wildwood Street
W
31,860
169,494
137,634
2
4W4 Reconductoring
W
Total Construction Projects
264,067
166,340
166,340
3
Upgrading Old Lynnfield Center URDs (Trog Hawley) (Partial Carryover)
LC
71,284
140,827
69,543
4
Upgrading Old Lynnfield Center URDs (Cook's Farm)
LC
284,000
410,983
410,983
5
4W5 - 4W6 Tie
R
9,960
9,960
96,596
86,636
6
URD Upgrades -All Towns
ALL
(48,832)
22,396
210,005
187,609
7
Stepdown Area Upgrades - All Towns
ALL
18
Purchase New Pick -up Trucks
232,817
232,817
70,000
Total System Projects
19
Purchase Two New Line Department Vehicles
184,794
184,794
400,000
215,206
Station Upgrades
Build Covered Storage (Multi -year Project)
150,000
150,000
8
Relay Replacement Project - Gaw Station (Carryover)
R
275,000
117,181
117,181
9
Gaw Station 35 kv Potential Transformer (PT) Replacement
R
37,081
19,231
40,288
40,288
10
Station 3 - Replacement of Service Cutouts
NR
5,385
24
30,126
30,126
11
Station 4 Getaway Replacement - 4W13
R
106,027
137,623
245,147
107,524
15
Station 5 - Getaway Replacements 5W9 and 5W10
W
Hardware Upgrades
20,474
95,343
95,343
SCADA Projects
30 RTU Replacement - Station 3
Total Station Projects
Total SCADA Projects
NR
84,109 84,109
ATTACHMENT 2
New Customer Service Connections
12
Service Installations - Commercial /Industrial ALL
4,258
27,292
55,549
28,257
13
Service Installations - Residential Customers ALL
7,704
151,057
200,302
49,245
Total Service Connections
14
Routine Construction
Various ALL
136,118
1,237,339
1,014,306
(223,033)
Total Construction Projects
264,067
1,688,811
3,309,414
1,620,603
Other Projects
16
Transformers
284,000
284,000
17A
Meter Purchases
9,292
21,051
138,000
116,949
17C
AMR High- Powered ERT Comm. Meter Upgrade Project (Partial Carryover)
163,433
114,601
(48,832)
17D
AMR High- Powered ERT 500 Club Meter Upgrade Project
92,713
92,713
18
Purchase New Pick -up Trucks
60,362
70,000
9,638
19
Purchase Two New Line Department Vehicles
184,794
184,794
400,000
215,206
20
Build Covered Storage (Multi -year Project)
150,000
150,000
21
HVAC System Upgrade (Multi -year Project)
275,000
275,000
22
Engineering Analysis Software and Data Conversion (Partial Carryover)
17,850
17,850
37,081
19,231
23
New Radio System (Multi -year Project)
354
94,615
100,000
5,385
24
Repairs - 226 Ash Street, Station 1 (Multi -year Project)
520,000
520,000
26
Communication Equipment
6,971
100,000
93,029
27
Hardware Upgrades
20,474
93,361
181,000
87,639
28
Software and Licensing
10,563
49,903
180,200
130,297
29
Master Site Plan and Photovoltaic Generation Installation
150,000
150,000
Total Other Projects
$ 243,327
692,340
2,792,594
2,100,254
TOTAL CAPITAL BUDGET
$ 507,394
2,381,151
6,102,008
3,720,858
ATTACHMENT 2
Reading Municipal Light Department
Engineering and Operations
Monthly Report
February 2014
FY 2014 CAPITAL PLAN — CONSTRUCTION
March 21, 2014
%Complete
System Projects:
101
5W9 Reconductoring — Wildwood Street:
5%
102
4W4 Reconductoring:
Delayed - FY16
103
Upgrading of Old Lynnfield Center URDs (Trog Hawley - Partial
100%
Carryover):
104
Upgrading of Old Lynnfield Center URDs (Cook's Farm):
Engineering labor on design for upgrade.
5%
105
4W5 -4W6 Tie: Engineering labor. Line Crews installed laminated
o
pole, out - rigged primary and installed new street light.
10 /o
106
URD Upgrades — All Towns:
On -going
Spring Start
107
Stepdown Area Upgrades — All Towns: Engineering labor for Vine
On -going
Street area.
Station Upgrades;
108
Station 4 (Gaw) Relay Replacement Project (Partial Carryover)
Delayed - FY15
109
Station 4 (Gaw) 35kv Potential Transformer Replacement
5%
110
Station 3 — Replacement of Service Cutouts:
10%
Station 4 (Gaw) Getaway Replacement — 4W13: Work continued in
111
February with make ready work using both OH and UG crews.
80%
Installed new 750 KCM URD wire MH1 to MH2. Installed 750 mcm
URD circuit 4W13.
125
Station 5 — Getaway Replacements 5W9 and 5W10:
Idle
SCADA Projects:
130
Station 3 - RTU Replacement:
Delayed - FY15
March 21, 2014
New Customer Service Connections:
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 drop and the connection of an underground service, etc.
This does not include the time and materials associated with pole replacements /installations,
transformer replacements /installations, primary or secondary cable replacements /installations,
etc. These aspects of a project are captured under Routine Construction (as outlined below).
Projects in February include North Reading Middle and High Schools.
• Service Installations — Residential Customers: This item includes new or upgraded
overhead and underground services.
Routine Construction:
YTD
Pole Setting/Transfers
256,218
Maintenance Overhead/Underground
303,189
Projects Assigned as Required
321,250
Pole Damage/Knockdowns - Some Reimbursable
52,342
Station Group
2,067
Hazmat/Oil Spills
51,786
Porcelain Cutout Replacement Program 1
495
Lighting Street Light Connections
33,447
Storm Trouble
14,202
Underground Subdivisions new construction
12,541
Animal Guard Installation
23,287
Miscellaneous Capital Costs
166,514
TOTAL:
$ 1,237,339
(1) In February (0) cutouts were charged under this program. Approximately seven (7)
cutouts were installed new or replaced because of damage.
P9
March 21, 2014
Pq
SYSTEM RELIABILITY
Key industry standard metrics have been identified to enable the RMLD to measure and track
system reliability.
SAIDI (System Average Interruption Duration Index) is defined as the average interruption
duration (in minutes) for customers served by the utility system during a specific time period.
SAIDI = the sum of all customer interruption durations within the specified time frame
by the average number of customers served during that period.
SAIFI (System Average Interruption Frequency) is defined as the average number of
instances a customer on the utility system will experience an interruption during a specific time
period.
SAIFI = the total number of customer interruptions - average number of customers
SAIDI 2010 -2014
100.00
SAIFI 2010 -2014
90.00
0.80
85.75
80.00
�Series2
70.00
0.55
50.40
�Seriesl
50.00
� Series3
40.00
� Series4
30 -00
Series4
20.00
2014 YTD
10.00
2
Region Average
0.00
National Average
2010 - 2011 - 2012 - 2013 - 2014
Average SAIDI
SAIFI (System Average Interruption Frequency) is defined as the average number of
instances a customer on the utility system will experience an interruption during a specific time
period.
SAIFI = the total number of customer interruptions - average number of customers
March 21, 2014
3
served during that period.
SAIFI 2010 -2014
0.90
0.80
012 0.83
0.70
Seriesl
0.60
0.55
� Series2
0.50
� Series3
0.40
0.30
Series4
0.20
� 2014 YTD
0.10
Region Average
0.00
National Average
2010 -2011 -2012 -2013 -2014
Average SAM
March 21, 2014
3
CAIDI (Customer Average Interruption Duration Index) is defined as the average duration (in
minutes) of an interruption experienced by customers during a specific time frame.
CAIDI = the sum of all customer interruption durations during that time period - the
number of customers that experienced one or more interruptions during that time period
This matric reflects the average customer experience (minutes of duration) during an outage.
120.00
100.00
80.00
60.00
40.00
20.00
0.00
CAIDI 2010 -2014
2010 -2011 -2012 -2013 -2014
Average CAIDI
� 2010
� Series2
� Series3
� Series4
� 2014 YTD
Region Average
National Average
Note: Since SAIDI, SAIFI and CAIDI are sustained interruption indices; only outages lasting
longer than one minute are included in the calculations.
4
March 21, 2014
.-9
11
I C
Distribution/
Transmission
0,
0%
Storm/ Lightning,
0,
0%
2014 Outage Causes Types
YTD February 28, 2014
Equipment - Cutouts,
0,
0%
S%
Service,
Dt: March 26, 2014
To: RMLB, Coleen O'Brien, Jeanne Foti
Fr: Bob Fournier
Sj: February 28, 2014 Report
The results for the first eight months ending February 28, 2014, for the fiscal year
2014 will be summarized in the following paragraphs.
1) Change in Net Assets: (Page 3A)
For the month of February, the net loss or the negative change in net assets was
$235,803, making the year to date net loss $930,984. The year to date budgeted
net income was $3,038,415, resulting in net income being under budget by
$3,969,398 or 130 %. Actual year to date fuel expenses exceeded fuel revenues by
$1,673,946.
2) Revenues: (Page 11B)
Year to date base revenues were under budget by $1,633,091 or 4.95 %. Actual
base revenues were $31.3 million compared to the budgeted amount of $32.9
million.
3) Expenses: (Page 12A)
*Year to date purchased power base expense was over budget by $135,738 or
.70 %. Actual purchased power base costs were $19.5 million compared to the
budgeted amount of $19.4 million.
*Year to date operating and maintenance (O &M) expenses combined were under
budget by $142,985 or 1.6 %. Actual O &M expenses were $8.4 million compared
to the budgeted amount of $8.5 million.
*Depreciation expense and voluntary payments to the Towns were on budget.
4) Cash: (Page 9)
*Operating Fund was at $12,598,440.
* Capital Fund balance was at $4,377,028.
* Rate Stabilization Fund was at $6,705,435.
* Deferred Fuel Fund was at $935,541.
* Energy Conservation Fund was at $422,387.
5) General Information:
Year to date kwh sales (Page 5) were 475,447,906 which is 9.0 million kwh or
1.87 %, behind last year's actual figure. GAW revenues collected ytd were
$475,253 bringing the total collected since inception to $2,468,481.
6) Budget Variance:
Cumulatively, the five divisions were under budget by $140,570, or 1.0 %.
ATTACHMENT 3
FINANCIAL REPORT
® FEBRUARY 28, 2014
ISSUE DATE: MARCH 26, 2014
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
2/28/14
TOTAL LIABILITIES AND NET ASSETS
(1)
110,492,332.74 108,988,120.45
PREVIOUS YEAR
CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH
(SCH A
P.9)
9,884,780.96
12,601,440.80
RESTRICTED CASH
(SCH A
P.9)
17,990,650.53
15,773,304.95
INVESTMENTS
(SCH A
P.9)
0.00
1,250,000.00
RECEIVABLES, NET
(SCH B
P.10)
9,200,021.88
6,739,073.12
PREPAID EXPENSES
(SCH B
P.10)
1,562,973.37
1,147,359.30
INVENTORY
1,552,754.44
1,389,750.75
TOTAL CURRENT ASSETS
40,191,181.18
38,900,928.92
NONCURRENT
INVESTMENT IN ASSOCIATED CO
(SCH C
P.2)
46,958.35
31,379.32
CAPITAL ASSETS, NET
(SCH C
P.2)
70,254,193.21
70,055,812.21
TOTAL NONCURRENT ASSETS
70,301,151.56
70,087,191.53
TOTAL ASSETS
110,492,332.74
108,988,120.45
LIABILITIES
CURRENT
ACCOUNTS PAYABLE
6,057,992.80
7,418,549.90
CUSTOMER DEPOSITS
686,614.16
724,665.92
CUSTOMER ADVANCES FOR CONSTRUCTION
401,932.15
399,624.15
ACCRUED LIABILITIES
1,388,610.36
173,717.51
TOTAL CURRENT LIABILITIES
8,535,149.47
8,716,557.48
NONCURRENT
ACCRUED EMPLOYEE COMPENSATED ABSENCES
2,986,360.21
2,885,367.88
TOTAL NONCURRENT LIABILITIES
2,986,360.21
2,885,367.88
TOTAL LIABILITIES
11,521,509.68
11,601,925.36
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF
RELATED
DEBT
70,254,193.21
70,055,812.21
RESTRICTED FOR DEPRECIATION FUND
(P.9)
3,056,589.58
4,377,028.77
UNRESTRICTED
25,660,040.27
22,953,354.11
TOTAL NET ASSETS
(P.3)
98,970,823.06
97,386,195.09
TOTAL LIABILITIES AND NET ASSETS
(1)
110,492,332.74 108,988,120.45
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
2/28/14
SCHEDULE C
PREVIOUS YEAR
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC 2,975.74
NEW ENGLAND HYDRO TRANSMISSION 43,982.61
TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 46,958.35
SCHEDULE OF CAPITAL ASSETS
1,265,842.23
STRUCTURES AND IMPROVEMENTS 6,792,724.53
EQUIPMENT AND FURNISHINGS 13,079,889.39
INFRASTRUCTURE 49,115,737.06
TOTAL CAPITAL ASSETS, NET 70,254,193.21
TOTAL NONCURRENT ASSETS 70,301,151.56
(2)
CURRENT YEAR
3,261.87
28,117.45
31,379.32
1,265,842.23
6,430,835.66
12,951,153.92
49,407,980.40
70,055,812.21
70,087,191.53
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
2/28/14
OPERATING REVENUES: (SCH D P.11)
BASE REVENUE
FUEL REVENUE
PURCHASED POWER CAPACITY
FORFEITED DISCOUNTS
ENERGY CONSERVATION REVENUE
GAW REVENUE
HYPA CREDIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
)PERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
MONTH MONTH LAST YEAR CURRENT YEAR YTD %
LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
3,906,048.67
4,045,299.15
31,364,048.67
31,351,435.82
-0.04%
3,030,833.21
2,880,989.98
24,118,055.34
21,205,944.28
- 12.07%
183,666.75
104,297.50
1,467,331.16
339,224.69
- 76.88%
64,283.73
65,963.17
671,515.75
618,647.73
-7.87%
59,760.70
56,723.44
477,057.43
467,988.42
-1.90%
60,630.41
57,637.66
484,374.68
475,253.40
-1.88%
(77,841.37)
(176,031.57)
(441,797.30)
(537,012.20)
21.55%
7,227,382.10 7,034,879.33 58,140,585.73 53,921,482.14 -7.26%
2,299,125.88
2,389,851.22
19,055,450.42
19,512,519.12
2.40%
3,397,709.79
3,381,465.32
23,936,417.60
22,342,877.91
-6.66%
714,493.03
855,099.75
6,479,793.34
6,493,741.84
0.22%
217,186.17
231,176.12
1,748,910.52
1,900,514.72
8.67%
305,469.18
314,969.55
2,443,753.44
2,519,756.40
3.11%
114,000.00
116,666.67
905.383.00
931,850.34
2.92%
7,047,984.05 7,289,228.63 54,569,708.32 53,701,260.33 -1.59%
179,398.05 (254,349.30) 3,570,877.41 220,221.81 - 93.83%
58,112.10
4,755.24
105,299.89
31,183.86
- 70.3996
(188,785.58)
(191,768.42)
(1,510,284.66)
(1,534,147.34)
1.58%
1,603.79
10,018.31
21,072.28
35,783.82
69.81%
(250.89)
(252.02)
(3,109.24)
(3,189.12)
2.57%
80,804.18
195,793.17
252,907.39
319,163.27
26.20%
(48,516.40)
18,546.28
(1,134,114.34)
(1,151,205.51)
1.51%
CHANGE IN NET ASSETS
130,881.65 (235,803.02) 2,436,763.07
(930,983.70)
- 138.21%
NET ASSETS AT BEGINNING OF YEAR
96,534,059.99
98,317,178.79
1.85%
NET ASSETS AT END OF FEBRUARY
98,970,823.06
97,386,195.09
-1.60%
ME
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
2/28/14
OPERATING REVENUES: (SCH F P.11B)
BASE REVENUE
FUEL REVENUE
PURCHASED POWER CAPACITY
FORFEITED DISCOUNTS
ENERGY CONSERVATION REVENUE
GAW REVENUE
NYPA CREDIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER BASE
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
ACTUAL BUDGET
YEAR TO DATE YEAR TO DATE VARIANCE*
31,351,435.82
32,984,527.00
(1,633,091.18)
21,205,944.28
22,810,007.00
(1,604,062.72)
339,224.69
735,867.00
(396,642.31)
618,647.73
725,660.00
(107,012.27)
467,988.42
495,269.00
(27,280.58)
475,253.40
495,269.00
(20,015.60)
(537_,_012.20)_
(466,664.00)
(70,348.20)
53,921,482.14 57,779,935.00 (3,858,452.86)
$
CHANGE
-4.95%
-7.03%
- 53.90%
- 14.75%
-5.51%
-4.04%
15.07%
-6.68%
19,512,519.12
19,376,781.00
135,738.12
0.70%
22,342,877.91
22,184,306.00
158,571.91
0.71%
6,493,741.84
6,385,698.00
108,043.84
1.69%
1,900,514.72
2,151,543.00
(251,028.28)
- 11.67%
2,519,756.40
2,516,800.00
2,956.40
0.12%
931,85_0.34_
933,328.00
(1,477.66)
-0.16%
53,701,260.33 53,548,456.00 152,804.33 0.29%
220,221.81 4,231,479.00 (4,011,257.19) - 94.80$ 3
31,183.86
150,000.00
(118,816.14)
- 79.21%
(1,534,147.34)
(1,534,400.00)
252.66
-0.02%
35,783.82
33,336.00
2,447.82
7.34%
(3,189.12)
(2,000.00)
(1,189.12)
59.46%
319,163.27
160,000.00
159,163.27
99.48%
(1,151,205.51)
(1,193,064.00)
41,858.49
-3.51%
CHANGE IN NET ASSETS
(930,983.70)
3,038,415.00
(3,969,398.70)
- 130.64%
NET ASSETS AT BEGINNING OF YEAR
98,317,178.79
98,317,178.79
0.00
0.00%
NET ASSETS AT END OF FEBRUARY
97,386,195.09
101,355,593.79
(3,969,398.70)
-3.92%
* ( ) . ACTUAL UNDER BUDGET
(3A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
2/28/14
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/13
CONSTRUCTION FUND BALANCE 7/1/13
INTEREST ON DEPRECIATION FUND FY 14
DEPRECIATION TRANSFER FY 14
TOTAL SOURCE OF CAPITAL FUNDS
USE OF CAPITAL FUNDS:
LESS PAID ADDITIONS TO PLANT THRU FEBRUARY
GENERAL LEDGER CAPITAL FUNDS BALANCE 2/28/14
(U
2,733,146.78
11500,000.00
5,276.70
2,519,756.40
6,758,179.88
2,381,151.11
4,377,028.77
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF2KILOW TT HOURS
MUNICIPAL SALES:
STREET LIGHTING
MUNICIPAL BUILDINGS
TOTAL MUNICIPAL CONSUMERS
SALES FOR RESALE
SCHOOL
TOTAL KILOWATT HOURS SOLD
238,879
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD %
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
22,820,042
21,893,542
182,259,130
181,515,008
-0.41%
COMM. AND INDUSTRIAL SALES
34,834,035
32,769,561
281,448,348
273,128,181
-2.96%
PRIVATE STREET LIGHTING
73,243
76,631
585,886
599,448
2.31%
TOTAL PRIVATE CONSUMERS
57,727,320
54,739,734
464,293,364
455,242,637
-1.95%
MUNICIPAL SALES:
STREET LIGHTING
MUNICIPAL BUILDINGS
TOTAL MUNICIPAL CONSUMERS
SALES FOR RESALE
SCHOOL
TOTAL KILOWATT HOURS SOLD
238,879
240,064
1,905,480
1,918,414
914,746
911,438
6,572,257
6,466,678
1,153,625
1,151,502
8,477,737
8,385,092
241,611
273,589
2,307,876
2,306,631
1,502,518
1,458,737
9,405,822
9,513,546
60,625,074
57,623,562
484,4847799
475,447,906
(5)
0.68%
-1.61%
-1.09%
-0.05%
1.15%
-1.87%
MONTH
6,680,354
3,216,542
RESIDENTIAL
6,553,431
COMM & IND
4,387,544
PVT ST LIGHTS
5,641,596
PUB ST LIGHTS
76,631
MUNI BLDGS
1,470
SALES /RESALE
38,238
SCHOOL
80,702
TOTAL
YEAR TO DATE
84,687
911,438
RESIDENTIAL
170,761
COMM & IND
289,179
PVT ST LIGHTS
273,589
PUB ST LIGHTS
0
MUNI BLDGS
1,458,737
SALES /RESALE
322,498
SCHOOL
420,827
TOTAL
LAST YEAR
4,004,164
TO DATE
0.56%
RESIDENTIAL
COMM & IND
PVT ST LIGHTS
PUB ST LIGHTS
MUNI BLDGS
SALES /RESALE
SCHOOL
TOTAL
KILOWATT HOURS SOLD TO TOTAL
MONTH
YEAR TO DATE
LAST YEAR
TO DATE
RESIDENTIAL
COMM & IND
PVT ST LIGHTS
PUB ST LIGHTS
MUNI BLDGS
SALES /RESALE
SCHOOL
TOTAL
RESIDENTIAL
COMM & IND
PVT ST LIGHTS
PUB ST LIGHTS
MUNI BLDGS
SALES /RESALE
SCHOOL
TOTAL
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
2/28/14
TOTAL READING LYNNFIELD NO.READING WILMINGTON
21,893,542
6,680,354
3,216,542
5,443,215
6,553,431
32,769,561
4,387,544
260,393
5,641,596
22,480,028
76,631
13,129
1,470
23,794
38,238
240,064
80,702
32,500
42,175
84,687
911,438
303,649
170,761
147,849
289,179
273,589
273,589
0
0
0
1,458,737
508,652
322,498
206,760
420,827
57,623,562
12,247,619
4,004,164
11,505,389
0.56%
29,866,390
0.73%
TOTAL
100.00%
20.81%
181,515,008
57,311,806
25,796,438
42,259,607
56,147,157
273,128,181
34,158,772
2,228,743
42,877,340
193,863,326
599,448
105,032
11,210
180,886
302,320
1,918,414
645,436
260,000
335,582
677,396
6,466,678
1,746,464
1,280,215
1,163,805
2,276,194
2,306,631
2,306,631
0
0
0
9,513,546
3,392,011
2,160,162
1,179,200
2,782,173
475,447,906
99,666,152
31,736,768
87,996,420
256,048,566
182,259,130
56,809,215
26,415,604
41,617,161
57,417,150
281,448,348
35,127,086
2,188,629
43,512,560
200,620,073
585,886
108,680
10,880
170,468
295,858
1,905,480
644,288
259,960
324,896
676,336
6,572,257
1,696,489
1,161,522
1,256,324
2,457,922
2,307,876
2,307,876
0
0
0
9,405,822
3,311,451
2,053,859
1,202,680
2,837,832
484,484,799
100,005,085
32,090,454
88,084,089
264,305,171
TOTAL
READING
LYNNFIELD
NO.READING
WILMINGTON
37.99%
11.59%
5.58%
9.45%
11.37%
56.87%
7.61%
0.45%
9.79%
39.02%
0.13%
0.02%
0.00%
0.04%
0.07%
0.42%
0.14%
0.06%
0.07%
0.15%
1.59%
0.53%
0.30%
0.26%
0.50%
0.47%
0.47%
0.00%
0.00%
0.00%
2.53%
0.88%
0.56%
0.36%
0.73%
100.00%
21.24%
6.95%
19.97%
51.84%
38.18%
12.05%
5.43%
8.89%
11.81%
57.44%
7.18%
0.47%
9.02%
40.77%
0.13%
0.02%
0.00%
0.04%
0.07%
0.40%
0.14%
0.05%
0.07%
0.14%
1.36%
0.37%
0.27%
0.24%
0.48%
0.49%
0.49%
0.00%
0.00%
0.00%
2.00%
0.71%
0.45%
0.25%
0.59%
100.00%
20.96%
6.67%
18.51%
53.86%
RESIDENTIAL
37.64%
11.82%
5.56%
7.81%
12.45%
COMM & IND
57.46%
7.11%
0.48%
9.04%
40.83%
PVT ST LIGHTS
0.12%
0.02%
0.00%
0.04%
0.06%
PUB ST LIGHTS
0.39%
0.13%
0.05%
0.07%
0.14%
MUNI BLDGS
1.51%
0.47%
0.27%
0.23%
0.54%
SALES/RESALE
0.40%
0.40%
0.00%
0.00%
0.00%
SCHOOL
2.48%
0.86%
0.56%
0.33%
0.73%
TOTAL
100.00%
20.81%
6.92%
17.5296
54.75%
(6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA INCOME
2/28/14
TOTAL OPERATING REVENUES (P.3)
ADD:
LESS:
POLE RENTAL
INTEREST INCOME ON CUSTOMER DEPOSITS
OPERATING EXPENSES (P.3)
CUSTOMER DEPOSIT INTEREST EXPENSE
FORMULA INCOME (LOSS)
(7)
53,921,482.14
77,296.08
1,405.33
(53,701,260.33)
(3,189.12)
295,734.10
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
GENERAL STATISTICS
2/28/14
(8)
MONTH OF
MONTH OF
% CHANGE
YEAR
THRU
FEB 2013
FEB 2014
2013
2014
FEB 2013
FEB 2014
SALE OF KWH (P.5)
60,625,074
57,623,562
2.80%
-1.87%
484,484,799
475,447,906
KWH PURCHASED
53,918,775
55,023,648
2.05%
-0.95%
497,668,189
492,932,387
AVE BASE COST PER KWH
0.042641
0.043433
10.78%
3.38%
0.038289
0.039585
AVE BASE SALE PER KWH
0.064430
0.070202
-0.67%
1.86%
0.064737
0.065941
AVE COST PER KWH
0.105656
0.104888
-0.84%
-1.71%
0.086387
0.084911
AVE SALE PER KWH
0.114423
0.120199
-3.37%
-3.47%
0.114518
0.110543
FUEL CHARGE REVENUE (P.3)
2,952,991.84
2,704,958.41
-4.05%
- 12.70%
23,676,258.04
20,668,932.08
LOAD FACTOR
70.69%
71.13%
AK LOAD
104,480
105,961
(8)
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TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF C2A/S 8 /AND INVESTMENTS
UNRESTRICTED CASH
CASH - OPERATING FUND
CASH - PETTY CASH
TOTAL UNRESTRICTED CASH
RESTRICTED CASH
CASH - DEPRECIATION FUND
CASH - TOWN PAYMENT
CASH - DEFERRED FUEL RESERVE
CASH - RATE STABILIZATION FUND
CASH - UNCOLLECTIBLE ACCTS RESERVE
CASH - SICK LEAVE BENEFITS
CASH - HAZARD WASTE RESERVE
CASH - CUSTOMER DEPOSITS
CASH - ENERGY CONSERVATION
CASH - OPEB
TOTAL RESTRICTED CASH
INVESTMENTS
SICR LEAVE BUYBACK
TOTAL CASH BALANCE
(9)
PREVIOUS YEAR
9,881,780.96
3,000.00
9,884,780.96
3,056,589.58
605,571.00
2,009,884.92
6,688,307.62
200,000.00
2,987,106.67
150,000.00
686,614.16
259,837.31
1,346,739.27
17,990,650.53
0.00
27,875,431.49
SCHEDULE A
CURRENT YEAR
12,598,440.80
3,000.00
12,601,440.80
4,377,028.77
616,870.18
935,541.55
6,705,435.17
200,000.00
1,641,176.18
150,000.00
724,865.92
422,387.18
0.00
15,773,304.95
1,250,000.00
29,624,745.75
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
2/28/14
SCHEDULE OF ACCOUNTS RECEIVABLE
RESIDENTIAL AND COMMERCIAL
ACCOUNTS RECEIVABLE - OTHER
ACCOUNTS RECEIVABLE - LIENS
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES
SALES DISCOUNT LIABILITY
RESERVE FOR UNCOLLECTIBLE ACCOUNTS
TOTAL ACCOUNTS RECEIVABLE BILLED
UNBILLED ACCOUNTS RECEIVABLE
TOTAL ACCOUNTS RECEIVABLE, NET
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
PREPAYMENT PURCHASED POWER
PREPAYMENT NYPA
PREPAYMENT WATSON
PURCHASED POWER WORKING CAPITAL
TOTAL PREPAYMENT
ACCOUNTS RECEIVABLE AGING FEBRUARY 2014:
RESIDENTIAL AND COMMERCIAL
LESS: SALES DISCOUNT LIABILITY
GENERAL LEDGER BALANCE
CURRENT
30 DAYS
60 DAYS
90 DAYS
OVER 90 DAYS
TOTAL
(10)
PREVIOUS YEAR
4,496,214.62
342,382.85
43,936.63
892.14
(351,416.58)
(247,924.61)
4,284,085.05
4,915,936.83
9,200,021.88
1,221,298.40
(103,081.84)
241,849.32
188,383.79
14,523.70
1,562,973.37
2,813,753.49
(252,658.32)
2,561,095.17
2,170,246.31
84.73%
253,426.75
9.90%
62,009.45
2.42%
18,650.22
0.73%
56,762.44
2.22%
2,561,095.17
100.00%
SCHEDULE B
CURRENT YEAR
2,813,753.49
231,911.95
37,169.47
892.14
(252,658.32)
(250.018.11)
2,581,050.62
4,158,022.50
6,739,073.12
1,258,788.74
(686,919.08)
242,260.90
318,705.04
14,523.70
1,147,359.30
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE
2/28/14
Z9
(ii)
SCHEDULE D
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD $
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
2,915,337.41
2,928,756.48
23,237,828.84
22,415,882.10
-3.54%
COMM AND INDUSTRIAL SALES
3,692,335.19
3,654,504.37
29,882,632.40
27,877,122.00
-6.71%
PRIVATE STREET LIGHTING
5,894.81
6,290.74
47,091.69
45,056.59
-4.32%
TOTAL PRIVATE CONSUMERS
6,613,567.41
6,589,551.59
53,167,552.93
-5.32%
50,338,060.69
MUNICIPAL SALES:
STREET LIGHTING
28,144.47
29,488.91
226,563.43
216,708.92
-4.35%
MUNICIPAL BUILDINGS
104,154.27
108,315.94
762,247.55
722,607.75
-5.20%
TOTAL MUNICIPAL CONSUMERS
132,298.74
137,804.85
988,810.98
939,316.67
-5.01%
SALES FOR RESALE
28,700.32
33,874.62
273,161.54
263,677.67
-3.47%
SCHOOL
162,315.41
165,058.07
1,052,578.56
1,016,325.07
-3.44%
SUB -TOTAL
6,936,881.88
6,926,289.13
55,482,104.01
52,557,380.10
-5.27%
FORFEITED DISCOUNTS
64,283.73
65,963.17
671,515.75
618,647.73
-7.87%
PURCHASED POWER CAPACITY
183,666.75
104,297.50
1,467,331.16
339,224.69
- 76.88%
ENERGY CONSERVATION - RESIDENTIAL
22,839.16
21,906.93
182,366.47
181,611.99
-0.41%
ENERGY CONSERVATION - COMMERCIAL
36,921.54
34,816.51
294,690.96
286,376.43
-2.82%
GAW REVENUE
60,630.41
57,637.66
484,374.68
475,253.40
-1.88%
NYPA CREDIT
(77,841.37)
(176,031.57)
(441,797.30)
(537,012.20)
21.55%
TOTAL REVENUE
7,034,879.33
53,921,482.14
-7.26%
7,227,382.10
58,140,585.73
Z9
(ii)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOWN
2/28/14
TOTAL
READING
LYNNFIELD
NO.READING
WILMINGTON
MONTH
RESIDENTIAL
2,928,756.48
898,234.47
427,723.45
725,810.09
876,988.47
INDUS /MUNI BLDG
3,762,820.31
554,059.73
52,409.01
657,139.35
2,499,212.22
PUB.ST.LIGHTS
29,488.91
9,582.64
3,786.65
5,255.83
10,863.79
PRV.ST.LIGHTS
6,290.74
1,069.09
117.98
2,014.10
3,089.57
CO -OP RESALE
33,874.62
33,874.62
0.00
0.00
0.00
SCHOOL
165,058.07
57,865.56
35,824.02
23,760.04
47,608.45
TOTAL
6,926,289.13
1,554,686.11
519,861.11
1,413,979.41
3,437,762.50
THIS YEAR TO DATE
RESIDENTIAL
22,415,882.10
7,107,498.25
3,170,120.87
5,220,332.38
6,917,930.60
INDUS /MUNI BLDG
28,599,729.75
3,938,023.75
390,835.73
4,641,281.92
19,629,588.35
PUB.ST.LIGHTS
216,708.92
70,436.11
27,811.03
38,512.11
79,949.67
PRV.ST.LIGHTS
45,056.59
7,812.93
825.30
14,071.58
22,346.78
CO -OP RESALE
263,677.67
263,677.67
0.00
0.00
0.00
SCHOOL
1,016,325.07
364,557.08
226,453.72
130,327.22
294,987.05
TOTAL
52,557,380.10
11,752,005.79
3,816,046.63
10,044,525.22
26,944,802.46
LAST YEAR TO DATE
RESIDENTIAL
23,237,828.84
7,271,754.57
3,347,505.12
5,301,304.07
7,317,265.08
INDUS /MUNI BLDG
30,644,879.95
4,185,637.44
385,412.84
4,892,152.18
21,181,677.49
PUB.ST.LIGHTS
226,563.43
73,421.04
29,058.28
41,099.63
82,984.48
PRV.ST.LIGHTS
47,091.69
8,610.96
861.16
14,192.10
23,427.47
CO -OP RESALE
273,161.54
273,161.54
0.00
0.00
0.00
SCHOOL
1,052,578.56
373,710.68
226,840.32
138,268.43
313,759.13',
TOTAL
55,482,104.01
12,186,296.23
3,989,677.72
10,387,016.41
28,919,113.65
PERCENTAGE OF OPERATING
INCOME TO TOTAL
TOTAL
READING
LYNNFIELD
NO.READING
WILMINGTON
MONTH
RESIDENTIAL
42.28%
12.97%
6.18%
10.48%
12.66%
INDUS /MUNI BLDG
54.33%
8.00%
0.76%
9.49%
36.08%
PUB.ST.LIGHTS
0.43%
0.14%
0.05%
0.08%
0.16%
PRV.ST.LIGHTS
0.09%
0.02%
0.00%
0.03%
0.04%
CO -OP RESALE
0.49%
0.49%
0.00%
0.00%
0.00%
SCHOOL
2.38%
0.84%
0.52%
0.34%
0.69%
TOTAL
100.00%
22.45%
7.51%
20.41%
49.63%
THIS YEAR TO DATE
RESIDENTIAL
42.65%
13.52%
6.03%
9.93%
13.16%
INDUS /MUNI BLDG
54.42%
7.49%
0.74%
8.83%
37.35%
PUB.ST.LIGHTS
0.41%
0.13%
0.05%
0.07%
0.15%
PRV.ST.LIGHTS
0.09%
0.01%
0.00%
0.03%
0.04%
CO -OP RESALE
0.50%
0.50%
0.00%
0.00%
0.00%
SCHOOL
1.93%
0.69%
0.43%
0.25%
0.56%
TOTAL
100.00%
22.36%
7.26%
19.11%
51.27%
LAST YEAR TO DATE
RESIDENTIAL
41.89%
13.11%
6.03%
9.55%
13.20%
INDUS /MUNI BLDG
55.23%
7.54%
0.69%
8.82%
38.18%
PUB.ST.LIGHTS
0.40%
0.13%
0.05%
0.07%
0.15%
PRV.ST.LIGHTS
0.09%
0.02%
0.00%
0.03%
0.0451
CO -OP RESALE
0.49%
0.49%
0.00%
0.00%
0.00%
SCHOOL
1.90%
0.67%
0.41%
0.25%
0.57%
TOTAL
100.00%
21.96%
7.18%
18.72%
52.14%
(11A)
IE
SALES OF ELECTRICITY:
RESIDENTIAL
COMM AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING
SALES FOR RESALE
SCHOOL
TOTAL BASE SALES
TOTAL FUEL SALES
TOTAL OPERATING REVENUE
FORFEITED DISCOUNTS
PURCHASED POWER CAPACITY
ENERGY CONSERVATION - RESIDENTIAL
ENERGY CONSERVATION - COMMERCIAL
GAW REVENUE
PASNY CREDIT
TOTAL OPERATING REVENUES
* ( ) - ACTUAL UNDER BUDGET
xq
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
SCHEDULE F
ACTUAL
BUDGET
%
YEAR TO DATE
YEAR TO DATE
VARIANCE *
CHANGE
14,281,760.37
14,997,898.00
(716,137.63)
-4.77%
16,181,733.11
17,075,860.00
(894,126.89)
-5.24%
131,581.30
133,384.00
(1,802.70)
-1.35%
160,504.26
191,634.00
(31,129.74)
- 16.24%
595,856.78
585,751.00
10,105.78
1.73%
31,351,435.82
32,984,527.00
(1,633,091.18)
-4.95%
21,205,944.28
22,810,007.00
(1,604,062.72)
-7.03%
52,557,380.10
55,794,534.00
(3,237,153.90)
-5.80%
618,647.73
725,660.00
(107,012.27)
- 14.75%
339,224.69
735,867.00
(396,642.31)
- 53.90%
181,611.99
186,259.00
(4,647.01)
-2.49%
286,376.43
309,010.00
(22,633.57)
-7.32%
475,253.40
495,269.00
(20,015.60)
-4.04%
(537,012.20)
(466,664.00)
(70,348.20)
15.07%
57,779,935.00
-6.68%
53,921,482.14
(3,858,452.86)
(11B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
2/28/14
SCHEDULE E
TOTAL OPERATION EXPENSES 714,493.03 855,099.75 6,479,793.34 6 493 741 84 0.22%
MAINTENANCE EXPENSES:
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD %
OPERATION EXPENSES:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
PURCHASED POWER BASE EXPENSE
2,299,125.88
2,389,851.22
19,055,450.42
119,371.46
2.40%
19,512,519.12
107,337.13
130,004.59
1,013,404.02
1,071,453.57
OPERATION SUP AND ENGINEERING EXP
34,574.45
46,209.98
334,072.69
344,265.92
3.05%
STATION SUP LABOR AND MISC
6,859.25
12,831.92
50,952.06
77,369.92
51.85%
LINE MISC LABOR AND EXPENSE
44,255.53
62,084.32
444,689.33
547,869.25
23.20%
STATION LABOR AND EXPENSE
31,134.24
42,395.79
348,348.73
331,879.54
-4.73%
STREET LIGHTING EXPENSE
4,798.98
7,655.51
53,626.24
51,164.90
-4.59%
METER EXPENSE
14,534.37
21,447.70
125,049.84
145,615.30
16.45%
MISC DISTRIBUTION EXPENSE
22,603.68
37,601.71
223,833.03
244,390.13
9.18%
METER READING LABOR & EXPENSE
5,219.29
468.77
57,621.58
17,211.13
- 70.13%
ACCT & COLL LABOR & EXPENSE
104,512.57
131,694.53
985,464.44
1,006,441.83
2.13%
UNCOLLECTIBLE ACCOUNTS
8,333.33
10,500.00
66,666.64
84,000.00
26.00%
ENERGY AUDIT EXPENSE
40,058.12
40,883.73
328,513.10
253,413.53
- 22.86%
ADMIX & GEN SALARIES
51,678.86
84,251.74
508,629.98
579,264.96
13.89%
OFFICE SUPPLIES & EXPENSE
23,982.62
22,494.01
167,766.39
184,384.93
9.91%
OUTSIDE SERVICES
67,592.86
25,795.03
319,655.76
286,042.03
- 10.52%
PROPERTY INSURANCE
36,915.84
29,863.75
250,169.43
230,978.01
-7.67%
INJURIES AND DAMAGES
2,980.03
5,304.69
31,031.37
27,946.73
-9.94%
EMPLOYEES PENSIONS & BENEFITS
161,557.85
168,775.37
1,422,438.99
1,464,589.60
2.96%
MISC GENERAL EXPENSE
11,064.20
7,713.51
117,923.02
116,717.09
-1.02%
RENT EXPENSE
13,895.48
25,304.37
132,959.57
135,574.14
1.97%
ENERGY CONSERVATION
27,941.48
71,823.32
510,381.15
364,622.90
- 28.56%
TOTAL OPERATION EXPENSES 714,493.03 855,099.75 6,479,793.34 6 493 741 84 0.22%
MAINTENANCE EXPENSES:
(12)
MAINT OF TRANSMISSION PLANT
227.08
227.08
1,816.66
1,816.66
0.4
MAINT OF STRUCT AND EQUIPMT
9,701.11
14,077.36
91,000.25
119,371.46
31.18%
MAINT OF LINES - OH
107,337.13
130,004.59
1,013,404.02
1,071,453.57
5.73%
MAINT OF LINES - UG
12,665.75
15,393.33
110,213.38
135,827.83
23.24%
MAINT OF LINE TRANSFORMERS
15,833.17
0.00
93,559.67
87,218.31
-6.78%
MAINT OF ST LT & SIG SYSTEM
(30.51)
(46.17)
(288.81)
(404.44)
40.04%
MAINT OF GARAGE AND STOCKROOM
61,712.41
57,957.19
342,580.35
377,768.21
10.27%
MAINT OF METERS
716.26
0.00
21,739.25
11,288.34
- 48.07%
MAINT OF GEN PLANT
9,023.77
13,562.74
74,885.75
96,174.78
28.43%
TOTAL MAINTENANCE EXPENSES
217,186.17
231,176.12
1,748,910.52
8.67%
1,900,514.72
DEPRECIATION EXPENSE
305,469.18
314,969.55
2,443,753.44
2,519,756.40
3.11%
PURCHASED POWER FUEL EXPENSE
3,397,709.79
3,381,465.32
23,936,417.60
22,342,877.91
-6.66%
VOLUNTARY PAYMENTS TO TOWNS
114,000.00
116,666.67
905,383.00
931,850.34
2.92%
TOTAL OPERATING EXPENSES
7,289,228.63
54,569,708.32
-1.59%
7,047,984.05
53,701,260.33
(12)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
2/28/14
SCHEDULE G
( ) . ACTUAL UNDER BUDGET
(12A)
ACTUAL
BUDGET
%
OPERATION EXPENSES:
YEAR TO DATE
YEAR TO DATE
VARIANCE *
CHANGE
PURCHASED POWER BASE EXPENSE
19,512,519.12
19,376,781.00
0.70%
135,738.12
OPERATION SUP AND ENGINEERING EXP
344,265.92
306,966.00
37,299.92
12.15%
STATION SUP LABOR AND MISC
77,369.92
58,044.00
19,325.92
33.30%
LINE MISC LABOR AND EXPENSE
547,869.25
490,653.00
57,216.25
11.66%
STATION LABOR AND EXPENSE
331,879.54
294,346.00
37,533.54
12.75%
STREET LIGHTING EXPENSE
51,164.90
59,993.00
(8,828.10)
- 14.72%
METER EXPENSE
145,615.30
138,146.00
7,469.30
5.41%
MISC DISTRIBUTION EXPENSE
244,390.13
260,016.00
(15,625.87)
-6.01%
METER READING LABOR & EXPENSE
17,211.13
30,359.00
(13,147.87)
- 43.31%
ACCT & COLL LABOR & EXPENSE
1,006,441.83
1,034,058.00
(27,616.17)
-2.67%
UNCOLLECTIBLE ACCOUNTS
84,000.00
84,000.00
0.00
0.00%
ENERGY AUDIT EXPENSE
253,413.53
269,851.00
(16,437.47)
-6.09%
ADMIN & GEN SALARIES
579,264.96
518,201.00
61,063.96
11.78%
OFFICE SUPPLIES & EXPENSE
184,384.93
178,800.00
5,584.93
3.12%
OUTSIDE SERVICES
286,042.03
288,072.00
(2,029.97)
-0.70%
PROPERTY INSURANCE
230,978.01
307,000.00
(76,021.99)
- 24.76%
INJURIES AND DAMAGES
27,946.73
38,964.00
(11,017.27)
- 28.28%
EMPLOYEES PENSIONS & BENEFITS
1,464,589.60
1,291,264.00
173,325.60
13.42%
MISC GENERAL EXPENSE
116,717.09
172,027.00
(55,309.91)
- 32.15%
RENT EXPENSE
135,574.14
141,336.00
(5,761.86)
-4.08%
ENERGY CONSERVATION
364,622.90
423,602.00
(58,979.10)
- 13.92%
TOTAL OPERATION EXPENSES
6,493,741.84
6,385,698.00
108,043.84
1.69%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT
1,816.66
2,000.00
(183.34)
-9.17%
MAINT OF STRUCT AND EQUIPMENT
119,371.46
68,782.00
50,589.46
73.55%
MAINT OF LINES - OH
1,071,453.57
1,056,026.00
15,427.57
1.46%
MAINT OF LINES - UG
135,827.83
323,440.00
(187,612.17)
- 58.01%
MAINT OF LINE TRANSFORMERS
87,218.31
113,186.00
(25,967.69)
- 22.94%
MAINT OF ST LT & SIG SYSTEM
(404.44)
6,924.00
(7,328.44)
- 105.84%
MAINT OF GARAGE AND STOCKROOM
377,768.21
450,911.00
(73,142.79)
- 16.22%
MAINT OF METERS
11,288.34
33,588.00
(22,299.66)
- 66.39%
MAINT OF GEN PLANT
96,174.78
96,686.00
(511.22)
-0.53%
TOTAL MAINTENANCE EXPENSES
1,900,514.72
2,151,543.00
(251,028.28)
- 11.67%
DEPRECIATION EXPENSE
2,519,756.40
2,516,800.00
2,956.40
0.12%
PURCHASED POWER FUEL EXPENSE
22,342,877.91
22,184,306.00
158,571.91
0.71%
VOLUNTARY PAYMENTS TO TOWNS
931,850.34
933,328.00
(1,477.66)
-0.16%
TOTAL OPERATING EXPENSES
53,701,260.33
152,804.33
0.29%
53,548,456.00
( ) . ACTUAL UNDER BUDGET
(12A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
2/28/14
(12B)
RESPONSIBLE
REMAINING
SENIOR
2014
ACTUAL
BUDGET
REMAINING
OPERATION EXPENSES:
MANAGER
ANNUAL BUDGET
YEAR TO DATE
BALANCE
BUDGET %
PURCHASED POWER BASE EXPENSE
JP
29,123,336.00
19,512,519.12
33.00%
9,610,816.88
OPERATION SUP AND ENGINEERING EXP
HJ
467,978.00
344,265.92
123,712.08
26.44%
STATION SUP LABOR AND MISC
HJ
90,088.00
77,369.92
12,718.08
14.12%
LINE MISC LABOR AND EXPENSE
HJ
729,521.00
547,869.25
181,651.75
24.90%
STATION LABOR AND EXPENSE
HJ
446,308.00
331,879.54
114,428.46
25.64%
STREET LIGHTING EXPENSE
HJ
90,729.00
51,164.90
39,564.10
43.61%
METER EXPENSE
HJ
218,064.00
145,615.30
72,448.70
33.22%
MISC DISTRIBUTION EXPENSE
HJ
396,379.00
244,390.13
151,988.87
38.34%
METER READING LABOR & EXPENSE
HJ
46,322.00
17,211.13
29,110.87
62.84%
ACCT & COLL LABOR & EXPENSE
RF
1,570,864.00
1,006,441.83
564,422.17
35.93%
UNCOLLECTIBLE ACCOUNTS
RF
126,000.00
84,000.00
42,000.00
33.33%
ENERGY AUDIT EXPENSE
JP
416,982.00
253,413.53
163,568.47
39.23%
ADMIN & GEN SALARIES
CO
794,002.00
579,264.96
214,737.04
27.04%
OFFICE SUPPLIES & EXPENSE
CO
268,000.00
184,384.93
83,615.07
31.20%
OUTSIDE SERVICES
CO
419,150.00
286,042.03
133,107.97
31.76%
PROPERTY INSURANCE
HJ
460,600.00
230,978.01
229,621.99
49.85%
INJURIES AND DAMAGES
HJ
58,206.00
27,946.73
30,259.27
51.99%
EMPLOYEES PENSIONS & BENEFITS
HJ
1,870,479.00
1,464,589.60
405,889.40
21.70%
MISC GENERAL EXPENSE
CO
219,695.00
116,717.09
102,977.91
46.87%
RENT EXPENSE
HJ
212,000.00
135,574.14
76,425.86
36.05%
ENERGY CONSERVATION
JP
636,761.00
364,622.90
272,138.10
42.74%
TOTAL OPERATION EXPENSES
9,538,128.00
6,493,741.84
31.92%
3,044,386.16
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT
HJ
3,000.00
1,816.66
1,183.34
39.44%
MAINT OF STRUCT AND EQUIPMT
HJ
105,738.00
119,371.46
(13,633.46)
- 12.89%
MAINT OF LINES - OH
HJ
1,604,829.00
1,071,453.57
533,375.43
33.24%
MAINT OF LINES - UG
HJ
485,432.00
135,827.83
349,604.17
72.02%
MAINT OF LINE TRANSFORMERS
HJ
160,000.00
87,218.31
72,781.69
45.49$
MAINT OF ST LT & SIG SYSTEM
HJ
10,487.00
(404.44)
10,891.44
103.86%
MAINT OF GARAGE AND STOCKROOM
HJ
668,507.00
377,768.21
290,738.79
43.49%
MAINT OF METERS
HJ
41,160.00
11,288.34
29,871.66
72.57%
MAINT OF GEN PLANT
RF
145,480.00
96,174.78
49,305.22
33.89%
TOTAL MAINTENANCE EXPENSES
3,224,633.00
1,900,514.72
41.06%
1,324,118.28
DEPRECIATION EXPENSE
RF
3,775,200.00
2,519,756.40
1,255,443.60
33.26%
PURCHASED POWER FUEL EXPENSE
JP
31,789,470.00
22,342,877.91
9,446,592.09
29.72%
VOLUNTARY PAYMENTS TO TOWNS
RF
1,400,000.00
931,850.34
468,149.66
33.44%
TOTAL OPERATING EXPENSES
53,701,260.33
31.90%
78,850,767.00
25,149,506.67
(12B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
02/28/2014
PROFESSIONAL SERVICES BY PROJECT
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
MELANSON HEATH & COMPANY
ITEM
DEPARTMENT
ACTUAL
BUDGET
VARIANCE
1
RMLD AND PENSION TRUST AUDIT FEES
ACCOUNTING
32,500.00
32,250.00
250.00
2
PENSION ACTUARIAL EVALUATION
ACCOUNTING
0.00
0.00
0.00
3
LEGAL- FERC /ISO ISSIIES
ENERGY SERVICE
10,722.02
12,000.00
(1,277.98)
4
LEGAL- POWER SUPPLY ISSIIES
ENERGY SERVICE
60,825.24
30,000.00
30,825.24
5
PROFESSIONAL SERVICES
ENERGY SERVICE
13,945.00
16,000.00
(2,055.00)
6
NERC COMPLIANCE AND AUDIT
E & 0
11,794.50
9,000.00
2,794.50
7
LEGAL
ENGINEERING
0.00
10,000.00
(10,000.00)
8
LEGAL - GENERAL
GM
107,750.91
100,000.00
7,750.91
9
LEGAL SERVICES- OTHER
HR
4,456.56
28,000.00
(23,543.44)
10
LEGAL SERVICES - NEGOTIATIONS
HR
16,937.63
0.00
16,937.63
11
LEGAL SERVICES - ARBITRATION
HR
5,648.68
21,900.00
(16,251.32)
12
LEGAL GENERAL
BLDG. MAINT.
0.00
1,000.00
(11000.00)
13
SURVEY RIGHT OF WAY
BLDG. MAINT.
0.00
3,336.00
(3,336.00)
14
ENVIRONMENTAL
BLDG. MAINT.
0.00
3,336.00
(3,336.00)
15
INSURANCE CONSULTANT
GEN. BENEFIT
0.00
6,664.00
(6,664.00)
16
LEGAL
GEN. BENEFIT
64.60
3,336.00
(3,271.40)
17
LEGAL MATS MGMT
GEN. BENEFIT
950.00
11,250.00
(10,300.00)
18
DSA BASIC CLIENT SERVICE
ENGINEERING
1,666.64
0.00
1,666.64
19
ORGANIZATIONAL STUDY
GM
18,780.25
0.00
18,780.25
TOTAL
286,042.03
288,072.00
(2,029.97)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
MELANSON HEATH & COMPANY
32,500.00
UTILITY SERVICES, INC.
10,442.50
DUNCAN AND ALLEN
27,640.83
RUBIN AND RUDMAN
144,119.37
DOBLE ENGINEERING
1,666.64
CHOATE HALL & STEWART
26,442.87
JAMES COLLINS- ARBITRATOR
600.00
WILLIAM CROWLEY
2,080.00
ENERGY NEW ENGLAND
8,900.00
BERRYDUNN
6,445.00
PLM
19,140.00
HUDSON RIVER ENERGY GROUP
2,249.72
COTTE MANAGEMENT CONSULTING LLC
3,815.10
TOTAL
286,042.03
(13)
RMLD
DEFERRED FUEL CASH RESERVE ANALYSIS
2/28/14
•"of
(14)
GROSS
MONTHLY
TOTAL
DATE
CHARGES
REVENUES
NYPA CREDIT
DEFERRED
DEFERRED
Jun -13
2,609,487.38
Jul -13
3,464,349.32
2,953,072.91
(53,841.00)
(565,117.41)
2,044,369.97
Aug -13
2,767,250.13
3,385,440.39
(33,645.12)
584,545.14
2,628,915.11
Sep -13
2,168,234.24
3,096,134.62
(61,811.13)
866,089.25
3,495,004.36
Oct -13
1,994,534.42
2,147,543.67
(23,964.99)
129,044.26
3,624,048.62
Nov -13
1,738,646.02
2,201,768.18
(53,708.49)
409,413.67
4,033,462.29
Dec -13
3,666,453.24
2,053,822.16
(45,701.57)
(1,658,332.65)
2,375,129.64
Jan -14
3,161,945.22
2,487,172.37
(88,308.33)
(763, 081. 18)
1,612,048.46
Feb -14
3,381,465.32
2,880,989.98
(176,031.57)
(676,506.91)
935,541.55
•"of
(14)
C
RMLD
BUDGET VARIANCE REPORT
FOR PERIOD ENDING FEBRUARY 28, 2014
DIVISION
ENGINEERING AND OPERATIONS
ENERGY SERVICES
GENERAL MANAGER
FACILITY MANAGER
BUSINESS DIVISION
SUB -TOTAL
PURCHASED POWER - BASE
PURCHASED POWER - FUEL
ACTUAL BUDGET VARIANCE CHANGE
3,109,563
3,138,376
(28,814)
-0.92%
701,660
751,456
(49,796)
-6.63%
564,785
589,410
(24,626)
-4.18%
2,605,514
2,621,238
(15,724)
-0.60%
6,401,678
6,423,289
(21,611)
-0.34%
13,383,199
13,523,769
(140,570)
-1.04%
19,512,519 19,376,781 135,738
22,342,878 22,184,306 158,572
TOTAL 55,238,596 55,084,856 153,740
(16)
0.70%
0.71%
0.28%
RMLD
STAFFING REPORT
FOR FISCAL YEAR ENDING JUNE, 2014
(16)
14 BUD
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
TOTAL
13
13
13
13
13
13
14
14
GENERAL MANAGER
GENERAL MANAGER
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
HUMAN RESOURCES
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
COMMUNITY RELATIONS
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
TOTAL
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
BUSINESS
ACCOUNTING
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
CUSTOMER SERVICE
7.75
7.75
7.75
7.75
7.75
7.75
7.75
7.75
7.75
MGMT INFORMATION SYS
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
MISCELLANEOUS
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
TOTAL
16.75
16.75
16.75
16.75
16.75
16.75
16.75
16.75
16.75
ENGINEERING & OPERATIONS
AGM E &O
2.00
2.00
2.00
2.00
2.00
2.00
2.00
1.00
2.00
ENGINEERING
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
LINE
22.00
21.00
21.00
21.00
21.00
21.00
21.00
20.00
20.00
METER
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
STATION
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
TOTAL
40.00
39.00
39.00
39.00
39.00
39.00
39.00
37.00
38.00
PROJECT
BUILDING
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
GENERAL BENEFITS
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
TRANSPORTATION
-
_
_
MATERIALS MGMT
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
TOTAL
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
F _
ENERGY SERVICES
ENERGY SERVICES
4.50
3.50
3.50
3.50
3.50
3.50
3.50
4.50
4.50
TOTAL,
4.50
3.50
3.50
3.50
3.50
3.50
3.50
4.50
4.50
RMLD TOTAL
73.25
71.25
71.25
71.25
71.25
71.25
71.25
70.25
71.25
CONTRACTORS
UG LINE
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
TOTAL
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
GRAND TOTAL
75.25
73.25
73.25
73.25
73.25
73.25
73.25
72.25
73.25
(16)
RMLD CO)
March 21, 2014
R
Reading Municipal Light Department
RELIABLE POWER FOR GENERATIONS
230 Ash Street
P.O. Box 150
Reading, MA 01867 -0250
Tel: (781) 944 -1340
Fax: (781) 942-2409
Web: www.rmld.com
Town of Reading Municipal Light Board
Subject: Grounds Keeping and Landscaping Services
On Wednesday, March 5, 2014 a bid invitation was placed as a legal notice in the Daily Times Chronicle
requesting proposals for Grounds Keeping and Landscaping Services for the Reading Municipal Light
Department.
An invitation to bid was mailed to the following nineteen companies:
Condider It Done
David J. Linehan & Son
Donlon - Draper Inc.,
Inc.
Earthworks Landscaping Co.,
Inc.
Edward Lubelczyk
EZ Landscaping
Hummer's Lawn Care
Hurst Landscaping
oe Gerrior Masonry
K.M. Earle Company
Mac's Landscaping
MFB, Inc.
Paul McCarthy
R. Maggio & Son Contractors
Responsible Lawn
Care
Strong Landscaping
TM Landscaping
Viking Tree
William F. Dunn Landscaping &
Contracting
Bids were received from the following three companies: William F. Dunn Landscaping & Contracting, Inc.,
David J. Linehan & Son and Earthworks Landscaping Co., Inc.
The bids were publicly opened and read aloud at 11:00 a.m. March 20, 2014 in the Town of Reading
Municipal Light Department's Audio Visual Spurr Room, 230 Ash Street, Reading, Massachusetts.
The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2014-
19 for: Grounds Keeping and Landscaping Services be awarded to: Earthworks Landscaping Co., Inc. for
$132,311.00 as the lowest qualified and responsive bidder on the recommendation of the General Manager.
(This is a three -year contract.)
The FY2014 Operating Budget amount for this item is $42,000.00.
Ha i Jaffari
David K. Polson
�� (P, g
Paula O'Leary
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Jeanne Foti
rom: Jeanne Foti
Sent: Thursday, March 20, 2014 11:27 AM
To: RMLD Board Members Group
Subject: Account Payable Warrant and Payroll
Good morning.
In an effort to save paper, the following timeframes had no Account Payable and Payroll questions.
Account Payable Warrant — No Questions
February 21, February 28 and March 7.
Payroll — No Questions
February 24 and March 10.
Please note that there were Account Payable Warrant questions for March 14, 2014, which cannot be included in the
package because the responses contain sensitive information not covered in open session.
This e -mail will be printed for the Board Book for the RMLD Board meeting on March 27, 2014.
Jeanne Foti
Reading Municipal Light Department
Executive Assistant
230 Ash Street
Reading, MA 01867
781 - 942 -6434 Phone
781 - 942 -2409 Fax
Please consider the environment before printing this e -mail.
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