HomeMy WebLinkAbout2014-05-08 RMLD Citizens Advisory Board MinutesREADING MUNICIPAL LIGHT DEPARTMENT f ` LE C ` j E
CITIZENS' ADVISORY BOARD (CAB) MEETING ; OWN CLERK
:.. "� �' I� NG "1 r^' SS.
Combined Meeting with the Board of Commissioners
MINUTES Eg ( I A 411 1
Regular Session
Time: 6:30 p.m
Date: May 8, 2014
Place: RMLD, 230 Ash Street, Reading, MA, Winfred Spurr /Audio Visual Room
CAB Members Present:
Mr. John Norton, Chairman (North Reading); Mr. Tony Capobianco (Reading); Mr. George Hooper,
Vice Chairman (Wilmington); Mr. Dennis Kelley (Wilmington); Mr. David Nelson, Secretary
(Lynnfield)
CAB Members Absent:
None
RMLD Commissioner(s) Present:
Mr. John Stempeck, Chairman; Mr. Philip Pacino, Vice Chairman; Mr. Robert Soli; Mr. David Talbot;
Mr. Thomas O'Rourke
RMLD Staff Present:
Ms. Coleen O 'Brien, Ms. Jeanne Foti, Mr. Robert Fournier, Ms. Priscilla Gottwald, Mr. Hamid Jaffari,
Ms. Jane Parenteau, Ms'. Kathleen Rybak, Mr. William Seldon
Invited Guests and Members of the Public:
Mr. Mayhew Seavey, PLAT Electric Power Engineering; Ms. Marcie West, Town of Reading Board of
Selectmen Liaison to the Board
1. Call Meeting to Order —J. Norton, Chairman
Chairman Norton called the meeting of the Citizens' Advisory Board to order at 6:32 p.m
2. Cost of Service Study Presentation — M. Seavey, PL AI Electric Power Engineering
See attached Minutes as approved bythe RMLD Board of Commissioners.
3. Next Meeting —J. Norton, Chairman
The next meeting of the Citizens' Advisory Board will be held on Tuesday, June 3, at 6:30 p.m at RMLD.
Mr. Capobianco announced that he would not be seeking re- appointment to the CAB. His term expires
on June 30, 2014. Chairman Norton noted that he might have difficulty covering the Board of
Commissioners meetings, which have been moved to Thursday evenings.
4. Motion to Adjourn —J. Norton, Chairman
Mr. Hooper made a Motion to Adjourn the Citizens' Advisory Board meeting, seconded by Mr. Nelson.
Hearing no further discussion, Motion carried 5:0:0 (gin favor, 0 opposed, 0 absent).
RMLD Citizens' Advisory Board Regular Session Minutes: May 8, 2014 Page 1 of 2
The Citizens' Advisory Board Meeting adjourned at 8:12 p.m.
W
Respectfully submitted,
David Nelson, Secretary
S�
Minutes approved on Q 1 � /
Ic
RMLD Citizens' Advisory Board Regular Session Minutes: May 8, 2014 Page 2 of 2
Reading Municipal Light Board of Commissioners
Joint Meeting with the Citizens' Advisory Board
Re_ular Session
230 Ash Street
Reading, MA 01867
May 8, 2014
Start Time of Regular Session: 6:31 p.m.
End Time of Regular Session: 7:57 p.m.
Commissioners:
John Stempeck, Chairman Philip B. Pacino, Vice Chair
Robert SoU, Commissioner David Talbot, Secretary
Thomas O'Rourke, Commissioner
Staff:
Coleen O'Brien, General Manager Jeanne Foti, Executive Assistant
Bob Fournier, Accounting /Business Manager Ilamid Jaffari, Engineering and Operations Manager
Priscilla Gotmald, Community Relations Manager Jane Parenteau, Integrated Resources Manager
Kathleen Rybak, E &O Operational Assistant William Seldon, Senior Energy Analyst
Citizens' A(hisor\ Board:
John Norton, Chairman
David Nelson, Secretary
Dennis Kelley, Member
George Hooper, Vice Chairman
Tony Capobianco, Member
Town of Reading Board of Selectmen Liaison to the Board:
Marsie «'est
(400'est: Mayhew Seavey, Principal, Power Line Models
Call Meetina to Order
ft
Chairman Stetllpeck called the meeting to order and stated that the meeting was being -videotaped; it is live in Readin_ only.
Openina Remarks
Chairman Stempeck read the RAIL.D Board of Commissioners Code of Conduct.
Chairman Stempeck reported that Commissioner Talbot \% ill be the Secretary this evening.
Introductions
Chairman Stempeck welcomed Selectwonhan Marsie Nest and the Citizens' Advisory Board. Chairman Stempeck also
introduced the nc\v RMLD Board member, Tom O'Rourke. Mr. O'Rourke thanked Chairman Stempeck for the introduction.
Chairman Stempeck introduced Mayhew Sea\"ey \\ ho has performing the Cost of Service Study for the RAILD
\IS. O'Brien \\"elconled the Board and the CAB. She explained that approximately every mo to three years, utilities should
conduct a Cost of SeI'yice Study to ensure that their allocation, remain in or at the utility industry standards. A Cost of
Service Study has now been performed, a little differently front previous studies at the RNILD. Only budget 8nd revenue
requirenients were provided to 111.N1, Mayhe%y Seavey, to ensure that fully independent results could be achieved. Ms.
O'Brien stated that Mayhew has established it Cost of Seryi,:e niodellltg system tlha[ include, baseline data from other
nrtuli :ipals and Independent Operating Utilities (IOU's) in the coniniolhwealth of MaSSaChuie[[S.
Cost of Ser\ice Shady (COSS) Presentation - Ma) he\% Seavey (Attachment 1)
Jar. Sca\'ev stated that lie performed a Cost of Set-\ 1:e Study, and is reporting on the results on behalf of the RMI.D uiine
11 year 20 l i data as the bassi. Mr. Seayey said that lie \\ ill be makim! re :omtne idlitions with reipe,:t to rate deli_ rt and
\\ hat the next steps are then dis:uiii.ln.
,r. Se.l \ey explained that the pro:eii beLmn b\ :0IlJU:tiIlI! .1 lllitori: test \ "ear Cost of Set "\ice Stud \. 1 his \tai performed
1l'Itl 3:1Ual dat,l front fiscal year -1l)13. expenses and re \'ellU,ei, 111d III'm allocated acroii the y.it-I US CU, ;tolller claisei to
determine 11,M Ille CXi<1112 Chaises were perl0r111111g. I Ill-, \%,Is ako I-hne to \erlfb, that the model \tai \ \orkln<, corre:tly iU:h
'I, 0211 :Ulatlll_1 re \ellUC,, correnly. the \ pro \ -Ide a snapshot on ho%\ the prei, -nt ratCi hok.
Re,ular Se „ion Meeting Minutes
May 8, 2014
Presentation — Mayhew Seavey (Attachment l) Cost of Service Study (COSS)
Mr. Seavey explained that the model was updated with fiscal year 2015 data provided by RNILD in terms of expenses then
calculated what tile revenue should be using the present rates and made sure that those revenues «ere consistent with what the
RNILD has projected. Then deterniine what was required to meet the revenue requirements to cover expenses and to provide
sufficient net income. The bottom line is that it was determined that an overall increase of 1.3% was all that was necessary to
meet the budget expenses for fiscal year 2015 based on the projected sales that were looked at.
NU. Scavev stated that the model indicates that the existing rates of return by customer class are at the limit of what is
considered the standard municipal utility practice, they are not outside of the range, but are at the outer edge of the range of
rates of return. The residential rate,' rates of return are fairly low whereas the commercial industrial are fairly high.
llo%vever, the RNILD*s existing rates are extremely competitive with other municipal and private utilities across all customer
classes. It is to tote that one of RNILD's main objectives is to attract and retain commercial load which helps to support
competitive rate, for everyone and keep, rates stable.
Mr. Seavey reported that two cases were considered, the first with an across the board 1.3 10 increase. It is the easiest
approach to take by adding approximately 1.3% to the total rates that customers are being charged which produces enough
revenue to meet expenses. Every customer class has the same impact. The second case is to slightly smooth out the rates of
return within the same general constraint of 1.3% to move the individual class rates of return within the standard range. In
order to do that, it would require a 59'0 increase in residential rates, 1.3`,6 increase in industrial rates and 3`io decrease in the
commercial and school rate,. This would have a fairly significant impact on the difference between the lowest rate of return
and the highest rate of return. Each customer class would see a slightly different impact.
Mr. Seavey pointed out that a third commercial class was considered, a small commercial class. Typically private utilities
and larger municipal utilities have three conunercial classes or general service classes. A small customer class which deals
with small businesses that use less than 10,000 kilowatt hour. per month which are the majority of RNILD's commercial
customers. There is a [indium size commercial class which consists of a demand charge and energy charge.class. The
MILD is already demand metering all those small customers. If you were to take approximately 2,000 small commercial
customers off the demand rate and put them onto an energy only rate a significant amount of them would see a 20 1!,o increase.
Tlhi, was a Surprise to him because of when you think of small commercial customers as being fairly uniform. Some of
RNILD's small commercial customers towards the hi_her end of the usage have very good load factors. For every kilowatt of
demand they put on the system, they are using quite�a few kilowatt hours. Those customers are doing quite well under the
current rate. If you put them onto an energy only rate, they would be hurt and pay quite a bit more. Also, it would not be an
accurate way of billing them because they are not imposing a lot of demand on the system and the present rate structure
rewards them for that. Similarly, there would be decreases for the low load factor customers, but they are considered to be
bad customers because they would have high demand relative to the number of kilowatt hours they are using. Those
customers would get sizeable decreases. It would not be consisted with the goal of sending the message of accurate price
signal to the customer. He is not recommending RNILD adopt a small commercial class.
Mr. Seavey added that another rate looked into was a residential low income rate. All private utilities have this rate and many,
municipals have adopted them voluntarily as well. There is a state mandate that calls for the private utilities to have the low
income rate. This rate applies to customers who are receiving any type of means tested assistance from the commonwealth of
Masachusett,. There are two approaches that are currently widely used. Many municipal light departments have chosen to
eliminate the cu5tonler charge for customer, who qualify for a low income rate. One advantage of this is provides the same
benefit to all customer,. It is particularly beneficial on a percentage basis to small customers. It provides a fixed benefit in
dollar; and a different benefit in percent depending on usage. For a customer using 250 kilowatt hours it will be a 9 %'
reduction, a 500 kilowatt hour customer which is a more typical customer it is a 590 reduction. The other option used by the
Private utilities is a flat percentage discount on the entire bill exclusive of the purchase power charge. In the case of private
utilities their delivery services, in RNILD's case it would be the distribution charge. The IOU's discounts are that National
Grid uses 25% and NSTAR use, 217".0'. Mr. Seavey calculated that if the RNILD replace the prompt payment discount that is
currently 10% with a 254, Io\\ income discount that would reduce the total bill by 6 %. Ile did not add the prompt payment
discount to the low income discount because that is duplicative. "those are the two options he ha, suggested. They are fairly
equivalent overall as to the amount of revenue the RNILD would spend putting a rate like that into place. The only difference
i, that the flat customer charge would benefit lox% usage customers more. Since there is no data available for the Customers
who qualify for that there is no way to estimate the impact on the customers or revenue.
Mr. Pa,:ino asked one question to Mr. Seavey and the other is for the Department. The discount on the lower rate what is the
offset at this point. "File offset has to be made up by sonic other customer;. Whore would be the offset be'? Mr. Paeino's
SCCond question is what \%ould be the cost to administrate this and how would it be handled by the Department if this was to
be put in 111,10C. Mr. Seavey responded it is not possible to estimate what the revenue loss would be. Initially, the revenue
\Could e0111e pill Of [let incOnle. Once youl Qalll a VCar', experience, y0U Would adjust the rates to make lip for the lost income.
Re_Ular Seision \lecting \Brutes
Cost of SerN ice Study (COSS) Presentation — Nlayhei� Seavey (Attachment 1)
L tr Sear ev said that the presumption he has coin, into this is that \\e are not talking about a huge amount of revenue that
ie lost that would make a material impact on meeting the revenue in the system. in term, of implementation the way the
is implemented by private utilities or other municipals is to require documentation from the customer that they are
eligible to receive some sort of means tested assistance. That would be a simple process to sign up a customer and put that
rate code into the billing system.
Mi. O'Brien commented that the RNILD has payment plans with its customers that require documentation and already have
that process. With the new Cogsdale update the R\ILD can add that rate structure. Chairman Stempeck inquired that
Rl\ILD's customers will know what means tested assistance or will it be published. Mr. Seavey responded that it is typically
identified in the tariff. Mr. Pacino said that this would be taken out of the 8 110 or the bottom line in the short tern. As time
woes on other customers would be making up for this. Mr. Seavey responded that he believes that is correct. Mr. Hooper
asked if this could benefit some of the seniors. Mr. Seavey replied presumably that is correct.
Mr. Seavey reported that the next item is the unbundling, of the rate structure and creating rates that essentially take all the
purchased power costs out of the base rates. There is approximately four cents of purchased power costs embedded in the
base rates and the rest of the purchased po\\'er costs come through the purchased power adjustment, The fuel adjustment
recovers all the energv costs. They are proposing collapsing those three pieces into a single purchase power charge which
includes all purchase power costs and Would be billed on the basis of estimates then tnied up after the fact to actual-s. It is
fairly standard practice in the industry by now to break out the distribution rate which cowers all the costs of owning,
operating and maintaining your distribution system plus all of your profit and net income. Putting that into what essentially is
the base rate which will be called distribution rate and all the purchase power and transmission cost, will be covered by a
purchase power charge. That makes it much more transparent and easier to account for purchase power collection whether
You are accurately collecting all your purchase power costs or whether your base rates are performing properly. If you end up
with more revenue than expected at the end of the year, it is difficult to tell right now if you overcollected on your base rate or
purchase power costs. Breaking into these two components makes it possible to do that. The one downside to this is the
prompt payment discount applies to the entire base rate Would no longer apply to the four cents of purchase power that is built
into the base rate. While the percentage discount will remain at ten percent, the dollar discount to the customer will be
ler. The purchase power charge is a pass through cost; you cannot discount it because if you discount it incorrectly you
. under recover your costs. The proposal would be to keep the prompt payment discount at ten percent, but would apply to
smaller piece of the rate.
Mr. Seavey demonstrated the rate for a residential customer noting that the results would be similar. 1 -lie customer charge
remains the same. The base rate charge would drop by approximately four and a half cents because it would take that base
rate purchase power charge out. In place of the four cents that is in the base rate plus the fi\'e cent fuel adjustment plus the
two mill purchase power adjustment you would have a nine and a half cent purchase power charge which rec'mers all the
purchase power costs (capacity, energy plus transmission). These designs reflect fiscal year 2015 projected. The typical five
hundred kilowatt hour bill. I.P0 higher overall the energy conser\'ation charge and NYPA credit \% ill remain the sanie. I he
ten percent prompt payment discount would only apply on the four and a half cent distribution charge plus the 53.73 customer
charge. The discount is built into the rate. The bill \\ill have one fewer line Item on It. It might be easier for the customer to
understand. It Would be easier to compare to a National Grid or NSTAR bill because it will have the same terminology. It
\\ill hake a distribution charge on it to compare RNILD's to the investor owned utilities. Increasingly, municipal utilities
li,ive the same structure so that coniparlions can also be made \ \'Ith other Municipal utilities.
\Ir. Kelley asked that 2013 numbers \\ere utilized and the multipliers Were not the same as what has been presented. Mr.
Sea\ey replied that in the presentation, it is for forecasted fiscal year 2015 which is based on estimated purchased power
cost;. Mr. Kelley pointed out that the fuel adjustment is .05167 howe\er, on his bill it is .06 not quite a penny difference
\\high is ?014. Mr. Sca\ey explained that this is the problem doing thii type of conlparimm. \\'hit this compares ii what the
bill \\ould be if you did not change the rates to this lie\\ structure, but you have the costs that you have next year. It is not
what the bill is now, it is would be on Jul\ I it the rate change was not performed. Mr. Kelley added on top of the rate
increase tileyjuit had, it will be another 1.3' Mr. Seavey added that it is probably going to be a decrease.
Mi. O'Brien responded that the R\ILD performs purchase po\\'er Iilei adjust icnt analysis every' month that tlucrulatei. You
;Ire lr \ill_ to hit a nio%in? tai,et. Pim :113-,e Po \ \ "er coin are a p,lis through, tlo profit is made.
L0*13rien it.ued that pUr,:llaie pot\er b \" l ;l \\'. Inuit be rec0\'ered. YOU are projecting fur \ \ard and ree:onclllln__ becauie it
an__es e\ery inonth and yOU have to rec1,\er thi ;. By unhundllll__ this, the Plot 101' profit per,:em return, Ul.)ei un t0 the
fl;tr1bL1t1011 ilde ;;l (Ile R\ILD I; Cleal' 111:11 It I; :0%e1_11l_ all Of It; plli'eha;e p0 \ \er
Regular Session Alcctin« Minutc; 4
May S, 2014
Cost of Service Study. (COSS) Presentation — Mayhe�s Seavey (.-attachment 1)
[r. O'Rourke commented that this depends on a lot of factors, in general for an average bill taking out the purchase power
charge what does that ten percent become nine percent, eight and a half percent. Mr. Seavey clarified ten percent of the
discount. Mr. O'Rourke explained that the current bill is discounted ten percent. Mr. Seavey responded that tine fuel does not
get diScOUnled. Mr. O'Rourke want, to understand front a customer's perspective they will not get a ten percent that they are
currently receiving. Mr. Seavey -stated that on a five hundred kilowatt bill instead of a S4.50 discount it will be approximately
$2.25 based on the ten percent discount. Nir. O'Rourke stated that in terms of the description on the bill it will need to be
clear to delineate this. Mr. Seavey said that he is not sure how the bill is structured and community education is one avenue
to deal with this. Nis. O'Brien asked Nir. Seavey to speak to the utilities that have gone to unbundling and how they have
dealt with the prompt payment discount. Has the percentage on the prompt payment discount has it been increased. Mr.
Scavey said that there is one municipal that he has knowledge of that increased the prompt payment discount in order to try to
maintain the same level of dollar discount. Most municipals these days are realizing that the prompt payment discount may
not be that useful of a tool as it use to be before. There is some indication that in essence it is a tax on customers who don't
have cash to pay their bills quickly. He does not know of any municipals that have done a controlled experiment. The only
situation that he is aware of is that ten years ago, Concord added a prompt payment discount and showed a fairly sharp drop
in their receivables. The customers who do not take advantage of the discount are paying for those who do.
Mr. Pacino said that this committee had discussed the ten percent discount, is the ten percent common, and is it standard. Mr.
Seavey replied that it is very widespread; at least eighty percent of municipal utilities have the ten percent prompt payment
discount. Some of them have five percent for some groups of customers, such as businesses who pay promptly. Mr. Pacino
explained that there was discussion about fifteen years ago with Peabody Light avoided a rate increase by lowering their
prompt payment discount. Nlr. Pacino said that he does make the deadline and pays the extra ten percent. Chairman
Stempeck said that this could be considered in another session. Chairman Stempeck added that the water department also has
a significant discount if you pay ahead of time. Mr. O'Rourke asked approximately how many customers take advantage of
the discount. Mr. Seavey replied that the number is high because lie has not seen a utility in which its customers did not take
advantage of it. Mr. Fournier reported that on an annual basis, the RNILD will see approximately $1 million in forfeited
discounts. Ilowever, on the discount dates the WILD is inundated with payments. "I he options that the R.NILD offers is
automatic pay and auto pay to ensure customers meet the discount. Chairman Stempeck co[lmllented there is a balance to
having the diieOUnt or not having the discount. From an economic perspective is that you get your money faster, and have
kilowledge that you are going to receive it. If the RNILD were to take the prompt payment discount away or lower it would
have an economic impact. Mr. O'Rourke said that to speak to the other side, is there any penalty if you are ninety days late
on your payment. Chairman Stempeck asked how 101111 until the RNILD shuts off power. Mr. Fournier responded that there
are regulations that dictate when you can shut off customers. When customers are past due, they receive two notices; it does
not Uet to the ninety day timeframe. There are methods and processes that the Ri\ILD follows that are dictated by the
Department of Public Utili[ics. Chairman Stempeck pointed out that nonpayment by R:NILD's customers is the exception, not
the rule. Chairman Stempeck pointed out that it his understanding that the RNILD bends over backwards to work with its
customers. Mr. O'Rourke added that what he is touching upon is if did eliminate the prompt payment totally that it
disincentives the customer to pay more expeditiously. Mr. Seavey added that the prompt payment discount has a positive
effect on cash flow.
Mr. Pacino clarified that the RNILD can put a lien on a customer's home for nonpayment. Mr. Fournier commented that the
RNILD does place liens on residential customers for nonpayment.
Mr. Pacino Staed that it is his understanding, as explained that the 1.3 "o increase of the 4.5 10 from the prior rate increase, but
Mr. Seavey has said previously that it acntally has decreased. Mr. Seavey clarified it is the function of the fact that the 1.3"0
increase is with all things being equal on July 1. Mr. Seavey pointed out that July l the bill will be 1.3".0 higher than it would
have been. What it has relative to the June bill is a function of purchase power costs that are being billed in June ver -sUs
purchase power costs that are bein_, forecasted for July. AIr. Seavey said that he is not Sure where that is going to fall right
now. Given the increase, it is not a large adjUSt[llept One way or the other. Mr. Pacino said that potentially under the
purchase power adjustment that could be a 1.3 "o increase no platter what. Mr. Seavey explained that purchase power costs
can swing the bill notch more than that 1.3°0 eery easily. Mr. Seavey co11lnnenteil that we are dealing, with some costs the
RNILD has control over going up 13"', the others will stein, either uay. \[r. Pacino said that if �%c do nothltl, than we will
end tip with a 1.3 ",, increase that is Illi Understanding. Chairman Stempeck pointed Out that is beyond 01.11-control that is
external; [he purchase of power can go anywhere, we are dependent on our internal power pool to find the lowest possible
coat. It is an ad anta_,e that the RNILD has. Chairman Stempeck said that \ke need to look at different variations oil the
theme of the discount which will be looked at and Come up with a reasonable assumption.
Rz,uLlr Session Meeting, Minute;
Niay S, 2014
Cost of Service Study (COSS) Presentation —Ma yhel,, Seavey (Attachment 1)
Ni,z West stated that her question is what percentage of purchase power. \which she believes is a pretty high percentage, is
)lc. NIr. Seavey pointed out that purchase power is nine and a half cents versus four and a half cents for everything else
1 is two thirds. NIs. West asked is there any way to try to make that variability less are there any strategies to make that
variability less on the purchase power or to make purchase power lower as a total percentage. Ms. O'Brien replied that this is
the function of Integrated Resources and Planning group. By creating a power supply portfolio that has the lowest cost
power, and risk management for power supply. That is how we are able to have the second lowest rate in the state. NIs.
O'Brien is not sure other than performing an analysis on the portfolio almost on a daily basis that you could get it much
lower than that. Nls. West commented that there is no way to decrease the fluctuation. Ms. O'Brien said that when you
perform purchase power and fuel adjustment analysis you generally are looking ahead six months and reconciling sir months
then you strategize to even that Out the best you can. You are forecasting ahead. If you know it is doing to go up then you
nlight do sonlethin a little different if you kno\\ it is going down in order to keep as stable a rate as possible within that pass
throw-h and gettin_f all your money back. Nis. West stated that the reason she is asking this is that two thirds of the power
can go up and down- you have the potential for things to bounce around. Chairman Stempeck agreed. Chairman Stempeck
stated that others in different industries \\T1en presented with that kind of variability they try to tra,:k it historically, and kno\\
such in July and August when air conditioning goes on it will ,o up you try to do longer term contracts to lover costs to try
help that or shave the peak power if you can do that. Chairman Stempeck pointed out that the RNILD is trying to get
programs in place h
e to shave its peak, which takes time to make that happen.
Mr. Seavey then addressed the structure of the hydropower credit. Presently, the hydropower credit is calculated on the basis
of market value of the capacity and energy that the RNILD receives from New York Power Authority. The recommendation
is to change that methodology tel a formula that is tied to the average cost of the energy which RNILD receives from all its
other sources compared to the cost of energy from NYPA if the average cost of energy \which is basically the same number as
the current fuel adjustment. As that goes up, the value of the hydro power credit will increase and if it goes down the value of
the hydropower credit will decrease. Since we are in a period of time where energy prices have gone up significantly in the
lust year and projected to go up, this change in methodology should produce a larger credit for the residential customers
through the hydropo\\'er credit. Chairman Stempeck pointed out that this is an excellent approach to help the residential
customers.
(60eseavey said that they are looking at the streetliglhting rate and in the process of reviewing the present streetlight rate to
_,[ermine if there is a need to adjust the rates which is not quite completed. It is looking however, that the present streetlight
rate are acceptable and they are not going to recommend any change in the present rates. They are looking at it
stiulting a
new rate for LCD streetlights as they come on stream that will help reflect the greater efficiencies being offset by the higher
costs of the fixtures. They will develop a rate that is consistent with the other rates, but will reflect that greater efficiency in
the rate. Hopefully, the cost to the communities will not increase as a result of that ne\\ technology in the short run and
decrease over dime as the cost Of those new Fixtures get amortized over the expected longer life. It IS anticipated that those
rates should be completed within the next week or so.
Mr. Soli asked if Mr. Seavev is going to discuss the spreadsheets. Mr. Scavey responded that lie was not planning on it. Mr.
Soli said that lie had a question, power is a big part between demand, transmission and energy, it is approximately S7S millioll
of the total budget. Mr. Soli said that with energy the RNILD nheters which are new and should be in calibration. However,
Sao million for demand and transmission are based on RNiLD's estimates. If the estimate perhaps is off two and a half
percent, this translates tO S I million. Mr. Soli said that he looked at the metering and ran the mtnlbers; you need to get every
meter, every fifteen minutes. Mr. Soli noted that lie fall a \'ear's worth that is eighteen months of data measured every fifteen
I11inines. I lie data rate Looked like that a kilobit per second which is \ery modest. For a dill lop modem, the peak rate is fifty
six kilo per second, it is vastly greater at a kilobit per second. Nlr. Soli stated that being on the Board we have never seen
really good data. The s :hools have fancy' meters for the school rate. T hev have never really seen the demand that they have
relative to what the percentage states. Mr. Soli said that he \\OUId be relucrult to go S40 mullion just on the basis of an
eitllll.lte \\'hell it ieel"ns, just gel the data. A kilobit per second, eighteen molith.s of data, taken every fifteen Minutes, tile
h;urd\\;ire is modest \\'ith some soft\\are.
Mr. Sea\ey added that there are many utilities that ha e already installed smart meter, on all their accounts and are noW in
the pro,:ess of buildin,.! that d.ita. This niodelin_g benefits from that data. While the data in here is not of the residential
custonler of RNILD, it is the residential customers of National (arid because they are performing that tyTpe of research and are
le Jred to publish residential class loads hourly for in entire year on their \\'ebsite for the use of competitive electric supply.
- Jea \e' reported that IS the data le [Ise. Micll he determines \t hat residential customers are contrlblltlllg t0 the 111011[111\'
;telll peak and tleretore 11o\ \ mu:h of the tran-olllii1011 cost gets aII0:atcd to thelil. Ilo \\' IllU:h residential Customers are
CUlltrbllllil_! I,) the SUilllllel' illliltl.11 peak and theref'Jre ll;l \ \' 11111.11 Cap.l:lt \' Coiti Lett allo, aMC l 10 thClll.
Regular Session Meeting ylinut..
Nlav 8, 2014
Cost of Service Study (COSS) Presentation — Mayhew Seavey (Atrachnient 1)
Mr. Seavey said that he would not guarantee that these allocations are accurate to within one to two percent, there is a very
hi_h degree of confidence particularly with the residential class consists of 20,000 customers which is an enormous amount
of di\ersity. "Inhere \kill not be many outliers that will throw the results off that happen with large industrial customers.
,\fr. Sea\ey said that he is a little more leery about typical load shapes for large commercial industrial customers because they
can have different usage patterns from one utility to another. Mr. Seavey said that he is comfortable with Elie data that was
utilized to allocate the capacity and transmission costs are representative. Can you do a betterjob by sending correct price
signals to customers, be careful what you wish for. If every residential customer has a smart meter you have the potential to
bill them for their contribution to the summer peak and it will have a varying effect on customers. Currently, all the
residential customers are lumped together and are socialized for the cost of the class. All are treated exactly the same for
contribution to your costs. If you disaggregate them as in the small commercial class there will be winners and losers. The
winners are going to win small and the losers are going to lose big. It is the nature of a probability distribution like that. The
data is getting more available, more affordable. It is a matter of what you decide to do with that data. Chairman Stempeck
added that this may be a unique case in which you both can be right. Chairman Stempeck said that we would like to use real
time data. There is no question that when you use real time data it would help the analysis tremendously. Chairman
Stempeck asked what PNLD's penetration of smart meters is. Mr. Jaffari responded that RAILD's 500 club which consists
of commercial and industrial that need to be completed. Chairman Stempeck commented that the question is how we get the
right algorithm in place to real time measurements. Chairman Stempeck pointed out that doing things on an individual basis
could be positive for load reduction. Chairman Stempeck asked how difficult is it to obtain real time data as Mr. Soli pointed
out in order that this is fed into the model to see what the dichotomy is. Chairman Stempeck said that if we have the
mechanism why not do this because decisions may be made differently if \ve had the actual data.
Mr. Kelley said that what is being discussed and is in agreement that we are making assumptions, but should be takings real
data to make sure it is not an assumption. Mr. Kelley said that we are speaking about another I.Yo increase to the end user.
Chairman Stempeck commented that it 1s going to take time to figure out what the algorithms are to write the software then
perforni another analysis. Chairman Stempeck pointed out RNILD is it month to two months behind on the real data for
purchase power, etcetera and that needs to be readjusted in the following invoice. The RNILD then has to readjust for this
time lag in the following invoice which could be off one or two percent. Mr. Kelley stated that we just had a rate increase
where it \\'as 5°o or V0.�Chairman Stempeck pointed out that he wanted to make it clear the increase was not 9 ",o. Chairman
Stempeck explained that the 910 was on a sub category; the increase on the entire bill was 5 °0. Mr. Kelley said that there was
a 5 °-0 increase now; it will be going up 1.3 °0. Chairman Stempeck responded that is correct. Chairman Stempeck explained
that we are going up to what our cost of power is because by law we are required to do so. Chairman Stempeck asked if this
was clear. Mr. Kelley responded, no. Chairman Stempeck said that otherwise the R:NILD can send documentation. Mr.
Kelley said that lie is asking a question in that the rates have gone 5 °0 and are going up another 1.3%. Mr. Kelley said that's
what the statement was, and lie will go back to the minutes, and that part of the reason was that the things done for energy
savings have affected the net profit so this was the change. The net profit to him is what MILD is making. that is all he is
asking. Chairman Stempeck explained that the way the analysis for the rate ln,:rease was presented it was clearly indicated
that there was going to be a rate increase in the July tinleframe. They were doing an estimate at that time, but projected the
5 "o increa e and with the Cost of Ser\ ice it is 1.3% which is incredibly accurate. Chairman Stempeck pointed out that it has
been three and a half years since there has been it rate increase. People have received salary increases over the last three years
and a half years, if not they have had cost of living increases. Mr. Kelley added that he disagreed because there companies otu
there in which employees do not get one every year. Chairman Stempeck said that Mr. Kelley could share the companies
with hint of fine because they are probably going out of business.
Nis. O'Brien said that she will ask `Ir. Jaffari to work \%itll Mr. Fournier to look at the data channels of what those illeters call
brine back hourly. We could analyze if residential as.unlption is correct.
Mr. Talbot said that Mr. Soli is on the right track the more data you have the more efficient thing. become. Mr. Talbot said
that he is impressed by how much re\enue it can Save and generate by dealing \\ith th,u peak Mr. Talbot said that if he
understands it correctly, we can't ch.ulge the rate: in a manner to influenCC the peak because the RNILD does not have tiered
real -time pricing for alnlo.t all CtiaOnler.. Rates cannot be raised from 3:00 pill to 6:00 pill for some of them to send them a
price signal tO chop the peak, is that correct. Mss. O'Brien replied that the RNILD is hoping to \\ork with the larger
commercial customers to have real time pricing at some point. Mr. Talbot said that the RNILD does not have a tiered
St_uCturc, limever, when the RNILD has the data it \\ill able to say \\hiCh customer-. contributed more to the peak which
resulted in hundreds of thousands of dollars extra per year because of the higll nnultllly peaks nil Elie Suilhnller.
Reglar ion eting: Minutes
May S, ?014
Cost of Serice Study (COSS) Presentation - Jlayhe%% Seavey (Attachment 1)
Mr. Talbot pointed out that if each month's peak hour could be cut, it would be a large cost savings for R MLD and its
(amlmer, live percent translates into $ I million for the organization it i, amazing how powerful that is. The data will help us
that. Mr. Talbot said that the people contributing to the peak need to know they have to do something and will be
charged if they do not. In the meantime, as we head into the heat wake season and there is a hot day in June or July, the
\weather forecast will sllo\v this, if everyone is contributing to some lar -er communication strategy that day at 10:00 am there
are e-mail, going all over the place, radio announcements and Facebook posting, that customers are getting the message it
gets done that day. Real financial saving =s will be garnered if we implement a communications strategy in that manner. It is
not that difficult to do this. her. Talbot added that he learned that newspaper are not as efficient for this purpose. He wrote
an op ed laying this out and suggesting people get a time of use meter and save money on their bill,, but only a few customer
called to get one. There were front page articles in the Rending Chaotic!. and the Wilmington newspaper with almost no
effect. The lesson is that when press releases are done to the newspapers it has little impact on consumer behavior. 'File viral
strategy is the way to go on hot \weather days \\itll cuitonler, until the RNIED has the data and deals with the commercial
customers, July is coming tip and we can do It this year.
Mr. Ilooper asked based on the conservation charge, what constitutes that has the RNILD thought of a flat rate, other utilities
charge thirty six cents for their conservation charge. Nis. Parenteau replied that it is a rate design. Initially, the conservation
charge is self- funded so any moneys that are collected, for that go out for that purpose. Example; of use of this use of the
conservation charge are the residential appliance rebate, energy audits and commercial incentive programs. The rate designs
for the IOU's or private companies are set up on a per kilowatt hour charge likewise it is three times higher than \\flat RNILD
charges. That is why the RNILD elected to choose that rate design. You can design the rate any way you want to.
Historically, the RNILD use to charge residentials tidy cent, per bill. Today, the conservation charge bring; in estimated
revenue of 5700,000. It is a matter of achieving the revenue requirements and set the rate appropriately in order to collect
those revenues. Mr. Hooper asked if the FUNILD is generating sufficient fiends to cover this. Nis. Parenteau replied that is
correct. Mr. Seavey added that from a rate design perspective, charging on a flat per customer basis is considered to be fairly
regressive because it affects small user more highly than high users. Mr. Seavey said that someone using two hundred
kilo\\ att hour per month is going to pay the same conservation charge as someone using t\\ o thousand kilowatt hours a
month.
Pacino said that if we do nothing with the purchase power adjustment, the 1.Yo will be coiling into place if we do
.10thing. That is what Ile is taking away from this. :fir. Seavey explained that if the I.Po comes in from the purchase power
adjustment, it will not flow to your bottom line, not reach net income and will not help you meet your revenue target. Mr.
Seavey pointed out that it is really important that file 1.3 16 happens to the base rates regardless of \\"hat happens to purchase
power. her. Pacino asked if we are trading a variable under the purchase power adjustment for a steady 1.Y,0. Mr. Seavey
responded it is not trading because the variable still has to be recovered. Those expenses and revenues are off in a different
part of the world. The part that 1, over here I.Yo increase need, the 1.3 %, you cannot use purchase power revenues to
subsidize. Mr. Pacino ,aid that the purchase power adjustment goes away until another rate study ii performed, that is hi,
understanding_ and will be replaced by the 1.Po increase. Ms. O'Brien explained that when the rate increase discussion back
in November there would be a five percent in January or February and another two percent in July. The RNILD Was
eitinnating on a revenue requirement. There is a little bit of confusion because the purchase power and the fuel are pass
through,. The 1.3" , is required for the revenue requirement which has anything to do with purchase power. Mr. Kelley
asked that the RMLD is taking the pail through number; and bundling those together because the discount only are the part
that you make revenue on. \1,. O'Brien explained that currently, you have an embedded purchase power piece that is a pass
dlrough that Is part of the base rate. The base rate consist, O( pltrcha e po \\'el•, operating and maintenance expenses, and a,
purchase po\\er and fuel fluctuates front What you have in the embedded rate as it goes up and down this is adjusted every
nvinth, to collect by I,1\\ \w hat you have to you unbundle Whell yo unbundle the rate, you have your expense; and your purchase
p,mer. It ii lot easier tO dl a budget 10 aetLlali, to Make sure that \ "oil are colle.tinl, for \-our expenses, purchase power you
are collecding for that. Ms. O'Brien pointed out that 1110,t LllililIe, are going to\vard,, a transparent unbundled rate. Jh•.
Kellev said that at the lain conuni ;lion meeting he attended, Mr. Soli asked to take the pa;, through Illoney and keep It ill a
separate that i; \\llat pu are \\orking towards that. GIs. O'Brien replied that is correct. Mr. Kelley said that the budgets Will
silo\\ tllo,e is separate Mlle items. Mi. O'Brien a!grced. `I s. O'Bllell clarified dial her a1s \\er at that imeetlnl'g is than the
RMI D i, going t0 an unbundled rate and the reason it is not tllel•e is because the billing soft\\are is being upgraded. "the
RNILD is d,i- tile Cost of Sen ice and unbundling it. S soon as Cogsdale billing is capable to handle thii, then it \\ ill be
unbundledl on the bill. That is the direction the RNILD i; i oin'g
Soli said that the Current purchase po\ccr adfu,umCn! die \"glue is a little niore than halt a cent per kil,matt hour. On tike
,odred kilow'ill 110LI i, It \\ould be 52.50 &s opposed there 1, all el_L'llly fl\ ". Celli dllferentl11 ai il10\\11 nn th pre,eillatoll.
Ali. I'ar.ntecul pointed out that the Current billing add the duel t, account for the purchase p,mer charge. Mr. Seavey poind
Otit In tlle preiall ;llloll it I, not die pivsmi lo,i ;l\ it i; the prC,en! Jul\ I. haied on Midget e,tlllate ;.
ResuLlr Ses ;ion Meeting Minute;
May S, 2014
Cost of Service Study (COSS) Presentation —.Mayhew Seavey (.-attachment 1)
Nlr. Soli added as of his May bill it is half a cent a kilowatt month. Mr. Pacino added that the point N(r. Soli is trying to make
that it is a real possibility that if the 1.3'�u is put in place that is based on estimates that we could be possibly decreasing this
to the customer as opposed to doing nothing. Mr. Seavey added that if purchase potter costs go down, at the same time it
v0es down. Mr. Seavey conunented that it is really important to do this if purchase potter costs are entangled toether with
base rates it is far too easy for the utility to do essentially a back door rate increase by overcollectin, purchase potter costs
and flowing it through the bottom line because you cannot account for them. That is what municipals have done for decades
as soon as they had the ability to do a purchase power adjustment rather than increasing the rates they would increase the
purchase potter adjustment. They would do that in order to make their three to four percent, for the rate of return. It was not
possible for their auditors to tear that apart, you did not actually earn a four percent return for the year, and you actually
overcollected $500,000 in purchased potter costs. With it broken out and unbundled then this is not a possibility. You as a
customer can look at the numbers and see that the correct amount of money was collected from the base rates and recovered
all the purchased potter costs. It is much more transparent.
Nis. O'Brien said that when the RNILD went throu,lh the 4.5% in February, the schools were 3.9" it varied for the rate
classes. When we tt'ent through that conversation and Ms. Parenteau discussed that realistically that if you looked at the fuel,
the custonher's bill had down. With the 4.5 "„ increase, realistically the purchase potter had gone down more than what the
RNILD was increasin, into base. Flowever, purchase power can go up, if one of your nuclear plants shuts down and you
have to ;o the market for replacement power. The RNNILD tries to stabilize that over time or to soften that so there are no rate
spikes and tries to do this on a daily basis. Purchase power goes up and we have to recover it.
Mr. Pacino asked where we go from here where we have had the presentation, what is the next step. Chairman Stenlpeck
said that we need some refinement on the LED streetli,hting before we can provide the final acceptance. Mr. Seavey added
that you tt'ill need actual rate schedules that you can vote on. Chairman Stempeck said that the rate schedules will be
available at the next meeting. Chairman Stempeck said that the next step would be a recommendation on the adoption of the
policies that have been just walked through. An agreement of each of the proposals, in terns of breakouts on how to
structure the mix question and then approval for 1.3% increase. There are three things different thinks that need to happen.
Chairman Norton pointed out this needs to occur before it comes to the CAB. Mr. Pacino said that Ile is trying to establish
the timetable. Chairman Stenlpeck said that the Board hopes to have a recommendation before its next meeting. Mr. Pacino
said that the RMI.D Board needs to meet in order to make the recommendation and refer it to the CAB. NIr. Pacino noted
that the CAB Ila a thirty day time review. Nis. O'Brien said that June l3 is the deadline for Cogsdale billing changes for a
July bill.
Chairman Stenlpeck said that all the data will be available for the next meeting, Thursday, May 15.
Mr. Talbot asked that the customer charge goes up when customers get a special meter and stays on the bill for 52 forever
such as the time of use meters, is there a payback for that charge. Mr. Fournier replied that it does not matter if it is a time of
use meter or not. Nh-. Talbot said that remains even for forty years. Mr. Fournier explained that will stay on as 1011_; until the
customer charge is changed a,ain. Mr. Seldon ,aid that you try to time that out so for the next _eneration of Ineterin- conies
in you will have a brand new meter.
Nis. O'Brien clarified the data that twill be needed. Mr. Seavey said that it would be a complete set of rate schedules on either
option. Chairman Stenlpeck said that the outcome of the Nlay IS tneetine will be forwarded to the CAB. Mr. Pacino said
that It any commission member Heed; inforniatlon to c0111111tII1MV0 10 tile department toniorrott'. Ms. 0 Brien said that the
recommendation t0 the CAB is up to thirty day,.
RNILD Board'Meetin,s
Thursday, May 15, 2014, 6:30 pn1
Citizens' :advisory Board Meet in
Citizens' Advisory Board twill continue to meet after this meeting; and determine their next CAB meeting date.
Adj Ott I'll nhent
At 7:57 p.m. Mr. Soh nta,l: a motion seconded by MI-. Pacino to adjourn the Regular Session to adjounl.
A true copy of the RNILD BJ:Ird of Conunissioners minutes
as approwcd by a majority of the C'onunis;ion.
David I'alhot, Secretary Pro Tent
RNILD Board of Comnti siOner;
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