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2014-11-21 RMLD Board of Commissioners Minutes
Reading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 tt L C E I V E D November 21, 2014 1 OWN C L E R K art Time of Regular Session: 7:30 p.m. " 0 1 N G , MASS. d Time of Regular Session: 8:50 p.m. Commissioners: blS JUN 29 A t 44 David Talbot, Chairman Philip B. Pacino, Vice Chair John Stempeck, Commissioner Thomas O'Rourke, Secretary Pro Tem Staff: Coleen O'Brien, General Manager Hamid Jaffari, Director of Engineering and Operations Jeanne Foti, Executive Assistant Robert Fournier, Accounting/Business Manager Jane Parenteau, Director, Integrated Resources Call Meeting to Order Chairman Talbot called the meeting to order and stated that the meeting was being videotaped; it is live in Reading only. Opening Remarks Chairman Talbot read the RMLD Board of Commissioners Code of Conduct. Introductions Chairman Talbot stated that there was no Citizens' Advisory Board representation this evening. Commissioner O'Rourke will be the Secretary this evening. Public Comment No public in attendance. ''eport of the Chairman ,acancy on RNILD Board Chairman Talbot reported Mr. Bob Soli resigned on September 17, 2014 and submitted his resignation to the Town Clerk. Since then there has been no movement on the replacement of this vacant position. Chairman Talbot asked the Town Clerk what the procedure is because his understanding was that it was automatic, the vacancy would get posted. The Town Clerk told him that he needs to go to the Board and ask for an appointment to be made. Mr. Talbot said that he is not sure if that is quite right because in the past when Mary Ellen O'Neill stepped down, the appointment process occurred with the vacancy put in the papers. Mr. Stempeck is here as the replacement. There was no Board vote. Then again when Marsie West was elected to the Board of Selectmen -and vacated her seat there was a similar process by which Mr. Mancuso was appointed. There was no Board vote. Chairman Talbot commented that based on past precedent it would be automatic, but we will follow the Town Clerk's instructions. Chairman Talbot asked for some discussion from the Board on whether we want to vote to ask for appointment or leave it until the April election. Mr. O'Rourke stated that his view was that we have a candidate that was interested in stepping forward in the interim period. We still have several months until elections; his recommendation is to go forward. Mr. Stempeck agreed with the recommendation to go forward with it and then the procedure is to have a joint meeting with the Board of Selectmen and the Board of Commissioners in January. The individual or individuals can present themselves at that time as we get ready during the three to four month timeframe before they have to run for election. Chairman Talbot stated that his own feeling about it, given how late it is in the year, is that none of this process would happen until late December or January. It would only be a couple of meetings; then the person would have to pull papers at the same time to be on the ballot, but he will entertain a motion on the question. Mr. Pacino made a motion seconded by Mr. O'Rourke that we ask the Town Clerk's office to post the position and proceed forward to appointing a new member. Motion carried 4:0:0. iairman Talbot thanked the Board and apologized for the delay on this although it was understood from past precedent that it would ppen automatically as it did occur on previous occasions. Now that this will happen maybe we can have a joint meeting with the Board of Selectmen and establish a good working relationship for the coming year. Last night at the Town Meeting, Chairman Talbot stated he had a chance to briefly chat with the five members and had a very nice discussion and they were expressing happiness with Ms. O'Brien's presentation on Tuesday at their meeting. Chairman Talbot thanked Ms. O'Brien. Regular Session Meeting Minutes 2 November 21, 2014 Report of the Chairman Vacancy on RMLD Board (continued) Chairman Talbot stated that there are many good things happening at the RMLD that the public is hearing about. We are glad that t Selectmen are pleased with that and we certainly want a good relationship. It is his hope that we certainly have a meeting now w the appointment process, but even before that we can meet informally where we go to their Board meetings or they come to ours an that is the way we should have such meetings in a public forum. Chairman Talbot asked for comments on his report and there were none. Review of RMLD General Manager Mr. Stempeck stated that all Commissioners feel that the General Manager, Ms. Coleen O'Brien, has done an outstanding job this past year. There is a long list of issues that should have been addressed and programs that should have been initiated prior to the hiring of Ms. O'Brien. For whatever reason they fell through the cracks, but these have now been resolved and mechanisms put into place by the General Manager to make the RMLD a professionally managed organization and model, we think, for municipal electrical departments throughout Massachusetts. In light of this, after discussion and evaluation, the board would like to recommend two parts to the General Manager's compensation. Mr. Stempeck explained they used a template that has been used in the past which is a multi -page document that assigns various percentages in terms of how the Commissioners have felt the General Manager has performed during the year then from that we moved to make a suggestion to vote on salary and/or other adjustments. As a result of that analysis we would like to propose that the salary be increased by 3% and this is a CPI plus 2 %, which is the high end of the range for the salary increase itself. CPI index for this past year has been 1 %; the 1% plus 2% equals a 3% salary increase which is retroactive back to July 15, 2014, which is the date within the General Manager's contract. The second element is a performance based incentive payment that we would like to recommend that covers 2013 -2014 that would be a percentage of the salary called out again in the General Manager's contract. This would be a payment reflective of the significant turnaround, all the positive changes and processes the General Manager has remedied this past year. The improvements include hundreds of thousands of dollars of savings both in attorney fees and performing work internally in the RMLD that used to be out sourced on a routine basis. At this point to recognize these substantial savings, we would suggest a payment of 6 %. Mr. Stempeck asked if there was any discussion. Mr. O'Rourke commented that Mr. Stempeck summarized it very well, Mr. Pacino was also in agreement. Mr. O'Rourke said that it was a great performance and that has to be recognized. Mr. Pacino said that Mr. Stempeck captured the sentiments of the subcommittee. Mr. Pacino made a motion seconded by Mr. Stempeck that the salary be adjusted for the General Manager by a 3% salary increasO retroactive to July 15, 2014 and that a merit performance payment of 6% of the salary be paid to the General Manager for this year's work. Motion carried 4:0:0. Chairman Talbot added that the interim general manager last year received a $25,000 bonus and thanked Ms. O'Brien for her work. Ms. O'Brien thanked the commission. Approval of Board Minutes — April 24, 2014 Mr. Pacino made a motion seconded by Mr. Stempeck to approve the Regular Session meeting minutes of April 24, 2014 as presented. Motion carried 4:0:0. General Manager's Report — Ms. O'Brien — General Manager Ms. O'Brien stated that since the kickoff meeting at the last Board meeting with Reliability and Organizational Study consultants, Booth & Associates, who is conducting the Reliability Study, these consultants have been working with the engineering staff, have been out in the field collecting data and are starting to prepare their deliverables. Leidos, who is conducting the Organizational Study has performed approximately fifteen interviews with employees. They will be conducting interviews with the Commissioners as well as with the CAB members on December 11, 2014. It is an excellent opportunity to garner input from everyone's perspective. Ms. O'Brien said that she is very excited to see what their results are and compare them to her road map, Jane's road map, Bob's road map and Hamid's road maps. This enables us to have a totally independent review for what are the best solutions. As Mr. Stempeck stated, we want to have a professional organization moving ahead and staying competitive to keep some of the lowest rates in the state and some of the highest reliability. The Organizational and Reliability studies are moving ahead on time and on budget. On another matter, Ms. O'Brien reported that Ms. Parenteau, Mr. Jaffari, Mr. Smith and she are making presentations to each respective town. The presentations are highlighting the targeted areas of the Organizational and Reliability Study as a means to provide information on the RFP's scope. The RMLD is bidding on a new tree trimming contract, in which the trim cut will extended to accommodate RMLD's Tree Trimming Program. The RMLD has posted the draft Tree Trimming Program on RMLEO website, found under Tree Trimming to show exactly where we will be trimming. This consists of a map and it is split up by the four towns to show where RMLD will be trimming. The LED Streetlighting Pilot Program is completed. The Town of Reading will have an address that goes through the town as well as through us. Regular Session Meeting Minutes November 21, 2014 General Manager's Report — Ms. O'Brien — General Manager (continued) Ms. O'Brien said that the remaining towns will most likely have a Gmail account where customers can provide any information, - omments, problems with the streetlights, etc. Since we have the customers' e-mail addresses those issues can be addressed by the ,.MLD. Now is the time for customers to provide comments since the Pilot areas are completed. Ms. O'Brien commented that Ms. Parenteau will speak about the charging stations, commercial rebates and other incentive programs that RMLD is offering. Ms. O'Brien reported that presentations will be made as follows: Lynnfield Board of Selectmen - Monday evening, Reading Board of Selectmen - Tuesday evening, North Reading Board of Selectmen - December 5 and Wilmington Board of Selectmen - December 15. Ms. O'Brien said that we are targeting to meet with the towns at least twice per year to provide updates on our projects along with the normal budget process, as well as other things that we do. This provides a good level of communication which they are satisfied with so far. Power Supply Report — September 2014 — Ms. Parenteau (Attachment 1) July and August are contained in the packet, report will be on September. Ms. Parenteau reported that RMLD's load for September was approximately 58.9 million kilowatt hours, which is approximately a 1% increase compared to September 2013. RMLD's energy costs for the month were approximately $2.4 million, equivalent to around $0.04 per kilowatt hour. The September Fuel Charge Adjustment was set at $0.045 per kilowatt hour and RMLD sales totaled 61.1 million kilowatt hours. Ms. Parenteau said that as a result, RMLD over collected by approximately $317,000 resulting in the Deferred Fuel Cash Reserve balance of $5.9 million dollars. Ms. Parenteau commented that is typically a little higher than we normally have. However, given the upcoming winter period and the constraint on natural gas we anticipate going through a large amount of reserve money. Rather than lowering it and having to escalate it, we are trying to level it for our consumers in order that the impact will be moderate at best. Ms. Parenteau stated the Fuel Charge has remained at $0.045 and it is currently anticipated to go to $0.050 for December. RMLD purchased 17% of its energy requirement on the ISO spot market at an average cost of $38 per megawatt hour. On the capacity side, our peak demand for September occurred on September 2 at 150 megawatts. This compares to a peak demand of last ar of 156 megawatts. The temperature differential which is the leading driver for our peak demand, was 95 degrees last September nd this September it was only 87 degrees which accounts for this 6 megawatt decrease. Our monthly requirement for capacity was set at 208 megawatts and our total capacity dollars for the month of September was $1.4 million, which is equivalent to a little less than $7 per kilowatt month. RMLD's September Capacity and Energy average costs were approximately $0.064 and for the month of September, 3.6% of RMLD's energy was purchased from hydro generation. As of September 30, 2014, RMLD has banked or is anticipating to bank a little over 12,000 Renewable Energy Certificates (RECs) with the current estimated market value of approximately $503,000. The RMLD is actively marketing that and once we receive any revenue for the RECs, the funds go against the fuel charge. This allows all of our customers to receive the benefit of a reduced fuel charge for any sales of renewable energy. RMLD's cost for transmission for the month of September came in at about $1.1 million which is down approximately 9% when we compare from August's figure and that is based on our peak demand. Chairman Talbot stated that at Town Meeting he saw the School Superintendent and engaged in conversation about photovoltaics. The Lincoln- Sudbury School District is installing a photovoltaic canopy in its parking lot and is claiming a savings of $2 million over twenty years. Chairman Talbot realizes that is different because their utility has higher rates. Chairman Talbot wondered if the Superintendent is talking to us or is the RMLD talking to the town, do we have a common understanding of what's possible. Ms. Parenteau answered, yes. The RMLD would be open to conversations. Ms. Parenteau reported that the RMLD has been talking to Wilmington because they have a lot of new schools and the CAB members have actively involved us in looking at photovoltaic. The RMLD is working with a commercial customer in developing a parking canopy which is set up through a PPA because we are a closed system. The RMLD does not allow third party vendors to come in and sell electricity to our customers. There are options there where the customer can purchase the solar that they use and then if capital is an issue we can work with a third party developer to sell the power to us as part of our portfolio. When we are working with a canopy, the customer receives the solar, it will go into the building and then they have the shaded area for the parking lot. hairman Talbot stated that the Superintendent told him that he thought there was an issue with credits that weren't available ,,.iymore; he was told by somebody at RMLD some years ago that there was some inadequate credits out there. Ms. Parenteau clarified that the state recently came out with their Phase II for SRECS, which is the Solar Energy Renewable Certificates. Those are considerably more valuable in order to incentivize development because its cost prohibitive, it's not really competitive and therefore the state has the SREC and that came out in April or May. It may be Phase I versus Phase II. Regular Session Meeting Minutes November 21, 2014 Power Supply Report — September 2014 — Ms. Parenteau (Attachment 1) July and August are contained in the packet, report will be on September. (Continued) Chairman Talbot stated that obviously the Superintendent of Schools is very busy with lots of things going,on he senses from him would love to make this happen at the Reading Public Schools. Ms. Parenteau said that someone from her group just met with the n Director of Facilities in Reading and we had a meeting last week to explain RMLD's peak demand reduction program and the Director of Facilities was very enthusiastic about the possibility of signing up and being able to reduce load and receive economic payment for that so we can reach out to her as a starting point. Chairman Talbot suggested reaching out to the Superintendent instead because he specifically stated he wanted to do this and it's his impression from some prior conversation that he had at RMLD that it was not feasible for some reason. Chairman Talbot said that the Superintendent of Schools would love to hear from RMLD that this can be done and lay it out for him. Chairman Talbot suggested that we reach out to him and the same communication be given to the Town Manager as well. Ms. Parenteau stated that she will reach out to them. LED Streetlight Rate Ms. Parenteau reported as part of the Pilot LED Streetlight Program, RMLD is in need of filing a Municipal LED Rate. What this will achieve is that it will capture the cost of the LED fixtures over the life of those fixtures, which is estimated to be approximately twenty five years. It includes the avoidance of the maintenance costs, and because they last longer, the RMLD will not have to go out there as often to replace them. A streetlight rate has been developed that will be available to the Towns of Reading, Lynnfield, Wilmington and North Reading. Four different fixture types are currently being proposed, a 25 watt LED, a 101 watt LED, a 93 watt Flood, and a 134 watt Flood. This rate would be applicable to the towns. On average when compared to the existing rate that is paid, which is the formula rate for the high pressure sodium and the mercury vapors, depending upon the type of fixtures the towns should be saving between 30% to 40% with the filing of this new rate. Mr. O'Rourke said that is great. Chairman Talbot asked what that adds up to. Ms. Parenteau responded that for example, Reading pays approximately $200,000 for streetlight accounts now; with the new rate it would be about 30% to 40 % of that amount. Ms. Parenteau then stated that the Citizens' Advisory Board (CAB) requested the preliminary number to them for each town. This was presented to the CAB on Wednesday and ' was unanimously approved. Mr. Pacino made a motion seconded by Mr. Stempeck to recommend RMLB approve the proposed LED Street Light rate for the towns of Reading, North Reading, Wilmington and Lynnfield filed with the state. Motion carried 4:0:0. Engineering and Operations Report — September 2014 — Mr. Jaffari (Attachment 2) Mr. Jaffari reported on the capital improvement projects, Construction Projects and New Customer Service, both Commercial and Residential, that have been happening since the month of September. Mr. Jaffari reported on the Routine Construction Project category which added up to $175,329 (year to date $543,551) in the month of September and those Routine Capital Projects are completed. Mr. Jaffari reported on the Special Projects and Capital Purchases which are completed, as Ms. O'Brien mentioned. The LED Streetlight Pilot Program has been completed and for the month of September the cost is $1,335. Mr. Jaffari said that he was happy to announce the SCADA System Upgrade is complete, the system and software are installed and up and running so that this is our basis for the new outage information system and program that we have in place for the roadmap for all information. Mr. Jaffari reported under the Maintenance Program we developed six programs that play major roles in reliability and are very important. The aged/overloaded transformer replacement for pad mount transformers, single phase, and three phase. The single phase is approximately 11% replaced; the three phase is approximately 6.5 %; the overhead single phase 8.3 %, the overhead three phase approximately 2 %. This project is ongoing until we replace all the aged transformers. Mr. Jaffari reported on the Pole Testing Program system and we have, identified 640 poles that were slated to be inspected for the year and the contractor has completed 435. We have found a portion of the poles that have failed the test with approximately 22 poles that are condemned and all of those are being replaced. Mr. Stempeck commented on the importance of replacing those poles prior to any accidents. Mr. Jaffari agreed noting that he program is very important for both, public safety and for the safety of utility and we take that very seriously. Chairman Talbot asked the age of the poles. Mr. Jaffari stated the poles range from 30 -50 years old Regular Session Meeting Minutes 5 November 21, 2014 Engineering and Operations Report — September 2014 — Mr. Jaffari (Attachment 2) (Continued) Ms. O'Brien stated that all these maintenance programs are new. Once we get the Pole Testing data this will be collected in the GIS system going forward. Ms. O'Brien pointed out that there hasn't been double pole tracking and Verizon is going to a brand new ftware on January 1 and RMLD is signed up. You will be able to get a nice spreadsheet and from this spreadsheet we'll be able to ave a real list of how many double poles and their status relative to transformers. Mr. Jaffari informed the Board of the name of the Verizon Program is MJUNS, the new Verizon Pole Tracking System that RMLD is signed up for and other teams are being trained on. It is a very good program, it used to be INQUESTER, but for some reason their license expired so they now have this new system and it is working well. Ms. O'Brien stated that the double poles are unsightly and to let everyone know we are working on it and trying to get them out of there. We need the system for accountability and to schedule the work. Chairman Talbot stated that he received an e-mail from Camille Anthony, former member of the Reading cp Board of Selectmen, asking him about unsightly poles and what the RMLD was doing about them and that is why it was being discussed tonight and this is the response. Mr. Pacino noted this topic is not new, he has been hearing about these double poles for many years. Chairman Talbot stated what is new is that something is actually being done about them then asked, what would happen if a pole was to fail and hurt somebody and it was found to be 35 years old, what would be the liability for that. Ms. O'Brien stated that would be a circumstance, but the wires are helping to hold it up and the guy anchors have to be properly sized so there would be a number of reasons. Obviously having a Pole Inspection Program is really important to prevent that from happening. Poles have fallen in other communities. Ms. O'Brien stated that the RMLD is trying to stay ahead of it, let's try not to think about it and it's good that we have a program now. Mr. Jaffari continued his report on Quarterly Inspections of the 13.8kv /35kV Feeders which have been inspected to ensure that everything is safe and sound and have found no problems. The Manhole Inspection Program will begin in the winter. Mr. Jaffari stated that the Porcelain Cutout Replacements are continuously being inspected and replaced with the polymer type which is much safer. Also, at the substation we have a new program we've instituted, infrared scanning for all the assets at all substations. Since this program has been put in place he is glad to report that everything is all taken care of and fixed. There are no more problems or �ything more that could cause potential problems. Regarding the Substation Maintenance Program, we have four more breakers to Wst and then it will be 100% complete. We picked up a few potential problems that we've fixed. The last one will be fixed next week and that will complete this very important maintenance program. Mr. Jaffari reported that under system reliability, for the month of September, the System Average Interruption Duration Index (SAIDI) was 18.86 minutes which is well below the regional average and the national average. Mr. Jaffari noted that for the system average interruption frequency index for the same period, you can see that it's 0.04 which is below the regional average. Mr. Jaffari noted that for the system average interruption frequency index for September, the Customer Average Interruption Duration Index (CAIDI) is 44.75 minutes, which is well below the national and regional averages. Mr. Jaffari noted the pie chart showing the causes of the outages by type: there were about 34% equipment failure, 34% trees and the rest 21% wildlife with the remainder being other causes. M.G.L. Chapter 30B Bids (Attachment 4) IFB 2015 -06 S &C SCADA -Mate CX Switch Mr. Jaffari reported on IFB 2015 -06 noting that three bidders responded and the successful bidder was Stuart C. Irby for a cost of $55,070.00. Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2015 -06 for S &C SCADA -Mate CX Switch be awarded to Stuart C. Irby for a total cost of $55,070.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 4:0:0. M.G.L. Chapter 30B Bids (Attachment 4) IFB 2015 -08 Single Phase Pole Mounted Transformers Mr. Jaffari reported on IFB 2015 -08 noting that four bidders responded and the successful bidders were Power Sales Group for '3,300.00 and Wesco for the a cost of $75,880.00. r. Pacino made a motion seconded by Mr. Stempeck that bid 2015 -08 for Single Phase Pole Mounted Transformers be awarded to Power Sales Group for a total cost of $3,300.00 and WESCO for a total cost of $75,880.00 as the lowest qualified bidders on the recommendation of the General Manager. Motion carried 4:0:0. Regular Session Meeting Minutes November 21, 2014 M.G.L. Chapter 30B Bids (Attachment 4) IFB 2015 -09 Three Phase Pole Mounted Transformers Mr. Jaffari reported on IFB 2015 -09 noting that two bidders responded and the successful bidder was Wesco for a cost of $79,096.00 Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2015 -09 for Three Phase Pole Mounted Transformers be awarded to WESCO for a total cost of $79,096.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 4:0:0. IFB 2015 -11750 MCM Cable Mr. Jaffari reported on IFB 2015 -11 noting that five bidders responded and the successful bidder was Arthur J. Hurley Co., for a cost of $139,590.00. Mr. Pacino said that he is abstaining from the vote because Arthur J. Hurley is a client of a client. Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2015 -11 for 750 MCM Cable be awarded to Arthur J. Hurley Company, Inc. for a total cost of $139,590.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 3:0:1. Mr. Pacino abstained. Financial Report — September 2014 — Mr. Fournier (Attachment 3) Mr. Fournier presented the September Financial Report which represents the close of first quarter of fiscal year 2015. There was a positive change in Net Assets of $639,000, bringing the year to date Net Income to approximately $3.5 million. Year to date budgeted Net Income was $3.4 million with the resulting Net Income being over budget by approximately $82,000 dollars or about 2.5 %. Actual year to date fuel revenue exceeded fuel expenses by about $1.8 million. Year to date operating revenues were under budget by $958,000 or by 3.7 %. Actual base revenues were $24.8 million compared to the budgeted amount of $25.8 million. Mr. Fournier stated that he is still presenting the financials based on the budget that was approved back in the spring before the final phase and is now in the process now of unbundling the rates effective July . He is hoping that by the October Financial Statement that he will be presenting at the December Board meeting will have the unbundled rates on the revenue and expense side of the po costs. Year to date purchased power base expenses were under budget by $11,000 or 1 /10 of 1 %. Actual purchased power base costs were $7.9 million. Year to date operating and maintenance (O &M) expenses combined were under budget by $400,000 a little less than 11 %. The actual O &M expenses were $3.2 million compared to the budgeted amount of $3.6 million. Depreciation expense and voluntary payments to the Towns were on budget. Cash Wise Operating Fund was at $11 million, Capital Fund $5.3 million, Rate Stabilization Fund $6.7 million, Deferred Fuel Fund $5.9 million and the Energy Conservation Fund at $582,000. Year to date kilowatt hour sales were 194 million which is 7.4 million kilowatt hours or 3.6% behind last year's actual figures. Lastly, Mr. Fournier reported that cumulatively the five divisions came in under budget by $405,000 or 7.2 %. Ms. O'Brien pointed out that on page I I of the Financials, the actual year to date on the residential differs to the budget by a change in 51% and that the fast column is unbundled and the second column is the budget so what needs to happen is to put an unbundled budget in there and it will show a line item called Purchase Power Capacity of $8 Million that is in the unbundled but $0 in the budget. Ms. O'Brien explained that right now unbundling everything and pulling out the line item is one thing but unbundling it from each of the rate classes is taking a bit longer and didn't want any confusion and when the October Financials are presented, it will be clear. General Discussion There was none. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED E -Mail responses to Account Payable/Payroll Questions Rate Comparisons, July, August, September Regular Session Meeting Minutes November 21, 2014 RNILD Board Meetings Thursday, December 11, 2014 'hursday, January 29, 2015 RNILD Citizens' Advisory Board Wednesday, December 17, 2014 Executive Session At 8:20 p.m. Mr. Pacino made a motion seconded by Mr. O'Rourke that the Board go into Executive Session based on Chapter 164 Section 47D, exemption from public records and open meeting requirements in certain instances, and return to Regular Session for the sole purpose of adjournment. Chairman Talbot called for a poll of the vote: Mr. Pacino, Aye; Chairman Talbot, Aye; Mr. Stempeck, Aye; and Mr. O'Rourke, Aye. Motion carried by a polling of the Board 4:0:0. Adjournment At 8:50 p.m. Mr. Pacino made a motion seconded by Mr. Stempeck to adjourn the Regular Session. Motion carried 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Thomas O'Rourke, Secretary Pro Tern RMLD Board of Commissioners 21 • To: Coleen O'Brien From:ON"aureen McHugh, Jane Parent Date: September 24, 2014 Subject: Purchase Power Summary — July, 2014 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of July, 2014. ENERGY The RMLD's total metered load for the month was 72,548,494 kWh, which is a 7.85% decrease from the July, 2013 figures. Table 1 is a breakdown by source of the energy purchases. ATTACHMENT 1 Table 1 ® Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs (kWh) ($ /Mwh) Millstone #3 3,657,051 $6.41 5.02% $23,447 0.71% Seabrook 5,895,780 $5.61 8.10% $33,088 1.01% Stonybrook Intermediate 6,254,374 $36.47 8.59% $228,120 6.94% JP Morgan 10,211,200 $62.62 14.02% $639,389 19.45% NextEra 12,693,000 $53.98 17.43% $685,186 20.84% NYPA 1,842,999 $4.92 2.53% $9,068 0.28% ISO Interchange 5,429,129 $57.99 7.46% $314,854 9.58% NEMA Congestion 0 $0.00 0.00% $7,258 0.22% Coop Resales 25,834 $128.72 0.04% $3,325 0.10% BP Energy 12,543,800 $48.27 17.23% $605,489 18.42% Summit Hydro /Collins /Pioneer 873,946 $71.96 1.20% $62,890 1.91% Braintree Watson Unit 1,348,370 $52.07 1.85% $70,216 2.14% Swift River Projects 970,248 $100.80 1.33% $97,798 2.97% Exelon 11,072,200 $45.83 15.21% $507,461 15.44% Stonybrook Peaking 0 $0.00 0.00% $0 0.00% Monthly Total 72,817,931 $45.15 100.00% $3,287,590 100.00% ATTACHMENT 1 Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of July 2014. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP * 6,829,836 46.42 9.42% Settlement RT Net Energy ** - 1,400,707 15.64 -1.93% Settlement ISO Interchange 5,429,129 57.99 7.49% (subtotal) ' Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy JULY 2014 ENERGY BY RESOURCE Swift River Projec Braintree Wail Unit, 1.9% Summit Hydro, 1.29 ISO Interc Stonybrook Mill'tnno 8a S n9(, NYPA, 2.5% onybrook ermediate, 8.6% ■ m4stone r3 •Seabrook 05tanybrook nterrnadwCe • )P Morph ■ Nelrer ■ Ny Rt 0 W nfer'm-Ce • 9P Enerfv •ku *"Oro •lra.tree Watson un t • 3—ft R"r oro,ers • E.—r, . Stonyorook Peak, CAPACITY The RMLD hit a demand of 157,252 kW, which occurred on July 2, at 4 pm. The RMLD's monthly UCAP requirement for July, 2014 was 208,440 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 42.94 $212,572 15.21% Seabrook 7,919 41.71 $330,274 23.64% Stonybrook Peaking 24,981 1.95 $48,704 3.49% Stonybrook CC 42,925 3.51 $150,475 10.77% NYPA 4,019 4.19 $16,834 1.20% Hydro Quebec 4,673 3.99 $18,639 1.33% Nextera 60,000 5.65 $339,000 24.26% Braintree Watson Unit 10,520 11.03 $116,009 8.30% ISO -NE Supply Auction 48,453 3.40 $164,736 11.79% Total 208,440 $6.70 $1,397,243 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Monthly Total $3,287,590 $1,397,243 $4,684,833 100.00% 72,817,931 0.0643 * Renewable Resources 5.06% Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($ /kWh) Millstone #3 $23,447 $212,572 $236,019 5.04% 3,657,051 0.0645 Seabrook $33,088 $330,274 $363,362 7.76% 5,895,780 0.0616 Stonybrook Intermediate $228,120 $150,475 $378,595 8.08% 6,254,374 0.0605 Hydro Quebec $0 $18,639 $18,639 0.40% - 0.0000 JP Morgan $639,389 $0 $639,389 13.65% 10,211,200 0.0626 NextEra $685,186 $339,000 $1,024,186 21.86% 12,693,000 0.0807 * NYPA $9,068 $16,834 $25,901 0.55% 1,842,999 0.0141 ISO Interchange $314,854 $165,595 $480,449 10.26% 5,429,129 0.0885 Nema Congestion $7,258 $0 $7,258 0.15% - 0.0000 BP Energy $605,489 $0 $605,489 12.92% 12,543,800 0.0483 * Summit Hydro /Collins /Pioneer $62,890 $0 $62,890 1.34% 873,946 0.0720 Braintree Watson Unit $70,216 $116,009 $186,225 3.98% 1,348,370 0.1381 " Swift River Projects $97,798 -$859 $96,939 2.07% 970,248 0.0999 Coop Resales $3,325 $0 $3,325 0.07% 25,834 0.1287 Constellation Energy $507,461 $0 $507,461 10.83% 11,072,200 0.0458 Stonybrook Peaking $0 $48,704 $48,704 1.04% - 0.0000 Monthly Total $3,287,590 $1,397,243 $4,684,833 100.00% 72,817,931 0.0643 * Renewable Resources 5.06% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through July 2014, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of July, 2014 were $1,238,157. This is an increase of 50.18% from the June transmission cost of $824,454. In July, 2013 the transmission costs were $1,183,000. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 157,252 Swift River RECs Summary 167,759 Energy (kWh) 72,466,675 Period - January 2014 - July 2014 78,781,462 Energy ($) Banked Projected Total Est. Capacity ($) RECs RECs RECs Dollars Woronoco 995 2,618 3,613 $149,940 Pepperell 1,363 2,217 3,580 $207,640 Indian River 608 1,453 2,061 $119,538 Turners Palls 394 1,107 1,501 $0 RECs Sold 0 $0 Grand Total 3,360 7,395 10,755 $477,118 TRANSMISSION The RMLD's total transmission costs for the month of July, 2014 were $1,238,157. This is an increase of 50.18% from the June transmission cost of $824,454. In July, 2013 the transmission costs were $1,183,000. Table 6 Current Month Last Month Last Year Peak Demand (kW) 157,252 142,696 167,759 Energy (kWh) 72,466,675 61,288,919 78,781,462 Energy ($) $3,287,590 $2,523,075 $3,464,349 Capacity ($) $1,397,243 $1,428,943 $1,486,497 Transmission($) $1,238,157 $824,454 $1,183,000 Total $5,922,990 $4,776,472 $6,133,846 } U Z W U W LL W } W Z W O u V Q) C N Q: C ca U C� C U 00 O V O 0 0 M co CO N f-- W O LQ O M w O m cD 00 N oO N vi 6-3. E» W e- C - M co Cn 00 lo O CO N v cD O c S (U N N O N N O_ I� N C cD x CD o m 00 vs (D va M I-7 N m m v Y 06 M (O V m (D N 00 2 CO V m C, S m a� sa a). (» c» e» en L co O (D N V > O M N x O Y O O O O O N (0 � b9 69 b9 O m � 69 fA fA EA fA EA m C;? � O ° (n (n m °o V (n °n (n cc 00 m m (D (A O V N (n O a N @ � r A V N Y N e» es» 00 en of m Ln LO Lo L O O O O O O Y ° v co M v 0 O N � d N N M (vi (O (D 00 O m O 00 f- M _ Z Q) C N M N F- W cr aO m N N CD X) LO N (V ° vs Y en of e» vs (» 69 o r o O ao m Cn � M co In � N M (n (n m (D V N O r- N O M 0 ov co V o OO (n N m >, (n M N (D co LO N CD O N (� U m m ,J @ n N O _@ 7E5 0 vj d9 1—� U 69 e% C+9 V> r• M N V 00 (D V 1- N N V N F- (D r- O O L f- V CO O C N V 3 06 ri Om c'i CN .- cD Y M (n N cD m N O m M m a) V N V N > a m m 3 p° cO C°D O V CAD 'D c�D m M Q) S O S "ri CD C` W S 'IT O S lf� Ir cD Cf] V N M aO U CN N a o Y_ .% .0 M 0 v v co �n > m Co N M N U d _T n p n U r S N S N N N cD d f6 7 O U M M b9 M cA 69 69 of (A L � d ami r} N Y r r r to >- LL LL Cn LL LL LL LL jp Q) N N N In R In V N_ m N fO C .2 C C C .(D CD N fm 'N Flo b9 m N E9 E9 fA LC(') M aO to m M N (D F U H U FD— U H FD— U 0 0 0 0 `m ° vi 6-3. E» v% C co Cn lo c" d cD O c S (U N N N N O_ I� N C cD x CD o v> vs va va 7 m v � N 2 d C, S m � N M ami w `m x cOj � b9 69 b9 O m °o °O °o °n S 1l- O O O N ° m O OO A V � N 00 a� m ° v co M v 0 O N � d O O O Op O cr aO m N N CD N (V ° vs vi en of e» vs (» v7 o r o O ao m Cn � M co In N M M R Q d 0 ov o om o o Cl) N O LO N w cc N cD m N O _@ 7E5 0 vj d9 69 to 69 e% C+9 V> r• M N V N m CA O Cn M 00 N N F- d CO Om U') N 10 N N N N cD CD ";r M O m O O m N a m 3 p° cO C°D O V CAD 'D c�D d M S O S "ri CD C` S llt S 'IT O S lf� Ir cD Cf] V N M aO U m N a o .% .0 v v co �n CD Co N M N U d n p n r S N S N cD N cD 7 O � H`i b9 b9 cA 69 69 of (A L � d N � to S Cn Cn Cn S in N m In R In V N_ m N fO L N fm — — b9 b9 69 E9 E9 fA LC(') M aO to m M N (D M co co m y O d N M M N M N m O O O <D cD O M m Cn c0 I-, 00 c0 cn0 N N 00 m 1� C2 (D R O O Cn m m c+9 b9 b9 Vi V-> 69l b% e% M co r m pMp O V M m M M M N cc d N co N ° ° ° o S a) C_ S M S M m N m N O L V O CA cD It CD m V m m N N N c O N M W N co m om0 M N M ONO N .o d y I� co m O N M '7 _ L m O O O O O O 1 O O I B To: Coleen O'Brien AZ- FroMaureen McHugh, Jane Parente Date: October 16, 2014 Subject: Purchase Power Summary — August, 2014 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of August, 2014. ENERGY The RMLD's total metered load for the month was 65,178,041 kWh, which is a 3.32% decrease from the August, 2013 figures. Table 1 is a breakdown by source of the energy purchases. Table 1 Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs (kWh) ($ /Mwh) Millstone #3 3,637,249 $6.41 5.58% $23,320 0.84% Seabrook 5,882,778 $6.69 9.02% $39,333 1.42% Stonybrook Intermediate 2,240,209 $36.69 3.44% $82,197 2.97% JP Morgan 10,054,800 $62.35 15.42% $626,882 22.64% NextEra 12,759,000 $53.61 19.57% $684,001 24.71% NYPA 1,918,893 $4.92 2.94% $9,441 0.34% ISO Interchange 3,565,090 $48.61 5.47% $173,299 6.26% NEMA Congestion 0 $0.00 0.00% - $102,978 -3.72% Coop Resales 17,807 $140.13 0.03% $2,495 0.09% BP Energy 12,415,800 $48.27 19.05% $599,311 21.65% Summit Hydro /Collins /Pioneer 290,169 $67.86 0.45% $19,691 0.71% Braintree Watson Unit 744,997 $49.68 1.14% $37,012 1.34% Swift River Projects 764,341 $96.67 1.17% $73,891 2.67% Exelon 10,823,400 $45.54 16.60% $492,881 17.80% Stonybrook Peaking 71,519 $106.09 0.11% $7,587 0.27% Monthly Total 65,186,052 $42.47 100.00% $2,768,364 100.00% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of August, 2014. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP * 4,676,432 33.78 7.18% Settlement RT Net Energy ** - 111,342 17.22 -0.17% Settlement ISO Interchange 3,565,090 48.61 5.47% (subtotal) * Independent System Operator Day -Ahead Locational Marginal Price " Real Time Net Energy AUGUST 2014 ENERGY BY RESOURCE Swift River Projects, 1.2% Braintree Watson Unit, 1.1% Summit Hydro, 0.49 ISO Inter Stonybrook Peaking, Mllkcrnnr+ @-4 s 6% NYPA, 2.9% Sonybrook mediate, 3.4% ■ Wwore #3 ■SW&00 ■;P Mwgw 50 ��hsve • NeR£ra •Nwa a BP Ererty a suR t +,tro • Or an WKxn Una • Swat R" Pr ojecss ■ Ex !on t ytorryoroot Peso{ !• A T A r'Y'Tv The RMLD hit a demand of 147,012 kW, which occurred on August 27, at 4 pm. The RMLD's monthly UCAP requirement for August, 2014 was 208,440 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 42.94 $212,540 15.02% Seabrook 7,919 41.71 $330,263 23.34% Stonybrook Peaking 24,981 1.99 $49,623 3.51% Stonybrook CC 42,925 3.54 $152,097 10.75% NYPA 4,019 4.19 $16,834 1.19% Hydro Quebec 4,673 4.30 $20,098 1.42% Nextera 60,000 5.65 $339,000 23.96% Braintree Watson Unit 10,520 10.77 $113,348 8.01% ISO -NE Supply Auction 48,453 3.73 $180,908 12.79% Total 208,440 $6.79 $1,414,711 100.00% Table 4 shows the dollar amounts for energy and capacity per source. * Renewable Resources 4.56% Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($ /kWh) Millstone #3 $23,320 $212,540 $235,860 5.64% 3,637,249 0.0648 Seabrook $39,333 $330,263 $369,596 8.84% 5,882,778 0.0628 Stonybrook Intermediate $82,197 $152,097 $234,294 5.60% 2,240,209 0.1046 Hydro Quebec $0 $20,098 $20,098 0.48% - 0.0000 JP Morgan $626,882 $0 $626,882 14.99% 10,054,800 0.0623 NextEra $684,001 $339,000 $1,023,001 24.46% 12,759,000 0.0802 * NYPA $9,441 $16,834 $26,275 0.63% 1,918,893 0.0137 ISO Interchange $173,299 $180,908 $354,207 8.47% 3,565,090 0.0994 Nema Congestion - $102,978 $0 - $102,978 -2.46% - 0.0000 BP Energy $599,311 $0 $599,311 14.33% 12,415,800 0.0483 * Summit Hydro /Collins /Pioneer $19,691 $0 $19,691 0.47% 290,169 0.0679 Braintree Watson Unit $37,012 $113,348 $150,359 3.59% 744,997 0.2018 " Swift River Projects $73,891 $0 $73,891 1.77% 764,341 0.0967 Coop Resales $2,495 $0 $2,495 0.06% 17,807 0.1401 Constellation Energy $492,881 $0 $492,881 11.78% 10,823,400 0.0455 Stonybrook Peaking $7,587 $49,623 $57,210 1.37% 71,519 0.7999 Monthly Total $2,768,364 $1,414,711 $4,183,075 100.00% 65,186,052 0.0642 * Renewable Resources 4.56% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through August 2014, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of August, 2014 were $1,264,244. This is an increase of 2.11% from the July transmission cost of $1,238,157. In August, 2013 the transmission costs were $1,223,588. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 147,012 Swift River RECs Summary 140,045 Energy (kWh) 65,186,052 Period - January 2014 - August 2014 67,363,709 Energy ($) Banked Projected Total Est. Capacity ($) RECs RECs RECs Dollars Woronoco 995 2,618 3,613 $149,940 Pepperell 1,363 2,453 3,816 $221,328 Indian River 608 1,714 2,322 $134,676 Turners Falls 394 1,215 1,609 $0 RECs Sold 0 $0 Grand Total 3,360 8,000 11,360 $505,944 TRANSMISSION The RMLD's total transmission costs for the month of August, 2014 were $1,264,244. This is an increase of 2.11% from the July transmission cost of $1,238,157. In August, 2013 the transmission costs were $1,223,588. Table 6 Current Month Last Month Last Year Peak Demand (kW) 147,012 157,252 140,045 Energy (kWh) 65,186,052 72,817,931 67,363,709 Energy ($) $2,768,364 $3,287,590 $2,767,250 Capacity ($) $1,414,711 $1,397,243 $1,485,670 Transmission($) $1,264,244 $1,238,157 $1,223,588 Total $5,447,319 $5,922,990 $5,476,509 N L 0 QJ C C C QJ L O c 3 0 C (J Y O V1 V) oz C m Ln O C E a L } v Z W _U LL U_ 11J I>- V LLJ Z W Ln 0 u a V) C U (J E E O u S 8 88 C) 0 R CO a� o TIT M o 0 0 C } N N r- d Ci C, C, r� S O S i+> r (O N M v v N (D N N N � N N M r r N /L1 N m �° w w «n w «n v> E» es w N M M O Q d o Ov o O� O o lo m N N O N r 12 N p� N � N W O N OJ cO M NN N N N O N O N N N N N (° v M � N N O 3 0 w w w» w w» (n sa O O m N O V c 0 OI m >C N v O N N r S S S S S S S S S r a r v v m N o v L N v N (7 ° N U d d e a p t r o r r ro m r N o Q � N N T N v N v N O> L � � to W IA IA (A fA fA fA kA L M W M m @ w N M M N M N m � d S S S S S S M rn N � r m ca o 0 N N o] O r (° O N O E2 O � p d _ r m M fD M °1 N a N 0 0 o 0 0 0 o o C M m c N M N O O O L R o N Ui � tp O (0 � ofA di Yi fA fH (A di IA tH c M m v N v M N M V > Q N m > y r OJ O O N v N m � (` <D N N N N N N N N N N Ui co U) N U') C cc D) M D7 a� n C C") M M (vj (n C O M � r O N LL C7 M O U V3, UPY Usl 6v F» 69 V r N V c0 O U7 N 00 O Y r O L6 r W O M M O N N N (D UJ L Q7 � bs L � O M N CO O N f9 Vi o 0 0 2 O N U> 69 69 EA 69 69 N CO M O V (D O M ' N Q7 O) Q) Cl) CO V N r V 6q N r r V @ � N 69 69 (» Vi 69 6<i L V) O U7 O O O O O Y � EA 69 EA U7 I-- M O O N O M O O N O O co _ m v n co 6 C M M LlJ V V V Y � 69 69 V3 V) N O M r co O C V V M T r M [O M 6 U (OA N cc N N a H U 69 EA 69 Hi U) 69 O N N N N N Y O N N p M O N O O U) 21 aJ C ui O U7 O M N N CO r- U� N 0 O N W fd cn _T U a ca U `m r o U7 r O U7 r o N } LL LL LL LL L1 ll m a� aJ d 0 B E m t 'm t t F U FD- U W F U 1 1 01 H I U S 8 88 C) 0 R CO a� o TIT M o 0 0 C } N N r- d Ci C, C, r� S O S i+> r (O N M v v N (D N N N � N N M r r N /L1 N m �° w w «n w «n v> E» es w N M M O Q d o Ov o O� O o lo m N N O N r 12 N p� N � N W O N OJ cO M NN N N N O N O N N N N N (° v M � N N O 3 0 w w w» w w» (n sa O O m N O V c 0 OI m >C N v O N N r S S S S S S S S S r a r v v m N o v L N v N (7 ° N U d d e a p t r o r r ro m r N o Q � N N T N v N v N O> L � � to W IA IA (A fA fA fA kA L M W M m @ w N M M N M N m � d S S S S S S M rn N � r m ca o 0 N N o] O r (° O N O E2 O � p d _ r m M fD M °1 N a N 0 0 o 0 0 0 o o C M m c N M N O O O L R o N Ui � tp O (0 � ofA di Yi fA fH (A di IA tH c M m v N v M N M V > Q N m > y r OJ O O N v N m � (` <D N N N N N N N N N N ° C M N r O N LL C7 O O t9 � t9 Q Vi FH A f9 Vi 2 O E d N t0 m S 8 88 C) 0 R CO a� o TIT M o 0 0 C } N N r- d Ci C, C, r� S O S i+> r (O N M v v N (D N N N � N N M r r N /L1 N m �° w w «n w «n v> E» es w N M M O Q d o Ov o O� O o lo m N N O N r 12 N p� N � N W O N OJ cO M NN N N N O N O N N N N N (° v M � N N O 3 0 w w w» w w» (n sa O O m N O V c 0 OI m >C N v O N N r S S S S S S S S S r a r v v m N o v L N v N (7 ° N U d d e a p t r o r r ro m r N o Q � N N T N v N v N O> L � � to W IA IA (A fA fA fA kA L M W M m @ w N M M N M N m � d S S S S S S M rn N � r m ca o 0 N N o] O r (° O N O E2 O � p d _ r m M fD M °1 N a N 0 0 o 0 0 0 o o C M m c N M N O O O L R o N Ui � tp O (0 � ofA di Yi fA fH (A di IA tH c M m v N v M N M V > Q N m > y r OJ O O N v N m � (` <D N N N N N N N N N N To: Coleen O'Brien From: 'Maureen McHugh, Jane Parente Date: October 30, 2014 Subject: Purchase Power Summary — September, 2014 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of September, 2014. ENERGY The RMLD's total metered load for the month was 58,960,559 kWh, which is a.61% increase from the September, 2013 figures. Table 1 is a breakdown by source of the energy purchases. Resource Millstone #3 Seabrook Stonybrook Intermediate JP Morgan NextEra NYPA ISO Interchange NEMA Congestion Coop Resales BP Energy Summit Hydro /Collins /Pioneer Braintree Watson Unit Swift River Projects Exelon Stonybrook Peaking Monthly Total Table 1 Amount of Cost of % of Total Total $ $ as a Energy Energy Energy Costs % (kWh) ($ /Mwh) 3,509,708 $6.41 5.95% $22,502 0.95% 5,695,492 $6.69 9.66% $38,081 1.61% 1,919,931 $50.53 3.26% $97,005 4.11% 6,848,400 $62.39 11.61% $427,289 18.12% 9,602,000 $49.40 16.28% $474,323 20.11% 1,822,126 $4.92 3.09% $8,965 0.38% 9,997,965 $38.42 16.95% $384,145 16.29% 0 $0.00 0.00% - $41,235 -1.75% 14,838 $139.81 0.03% $2,075 0.09% 9,804,000 $48.27 16.63% $473,239 20.06% 196,972 $80.03 0.33% $15,764 0.67% 537,400 $182.73 0.91% $98,201 4.16% 103,611 $80.30 0.18% $8,319 0.35% 8,908,800 $39.10 15.11% $348,291 14.77% 7,026 $227.75 0.01% $1,600 0.07% 58,968,269 $40.00 100.00% $2,358,566 100.00% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of September, 2014. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP * 9,491,454 38.35 14.56% Settlement RT Net Energy ** 506,511 39.82 0.78% Settlement ISO Interchange 9,997,965 38.42 15.34% (subtotal) Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy SEPTEMBER 2014 ENERGY BY RESOURCE Swift River Projects, 0. Braintree Wat. Unit, 0.9% Summit Hydra Stonybrook Peaking, Millctnno tf-A f rM NYPA, 3.1% Stonybrook Intermediate ,3.3% f Mdsona H •Saatrodt • Stonravoc Etta —W.M . i Marian • YstErs • vrr� • t5C inwd�sr {a s 3r sarE,. �)i.�vnR �yprQ .3rse!trN 'Nation Jn[ ■S./t 4vI rropCa f E''NQt` CAPACITY The RMLD hit a demand of 150,405 kW, which occurred on September 2, at 3 pm. The RMLD's monthly UCAP requirement for September, 2014 was 208,440 Ms. 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 42.94 $212,575 14.97% Seabrook 7,919 41.70 $330,243 23.26% Stonybrook Peaking 24,981 1.97 $49,182 3.46% Stonybrook CC 42,925 3.53 $151,616 10.68% NYPA 4,019 4.19 $16,834 1.19% Hydro Quebec 4,673 4.57 $21,345 1.50% Nextera 60,000 5.65 $339,000 23.87% Braintree Watson Unit 10,520 11.05 $116,291 8.19% ISO -NE Supply Auction 48,453 3.77 $182,892 12.88% Total 208,440 $6.81 $1,419,977 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($ /kWh) Millstone #3 $22,502 $212,575 $235,078 6.22% 3,509,708 0.0670 Seabrook $38,081 $330,243 $368,323 9.75% 5,695,492 0.0647 Stonybrook Intermediate $97,005 $151,616 $248,621 6.58% 1,919,931 0.1295 Hydro Quebec $0 $21,345 $21,345 0.56% - 0.0000 JP Morgan $427,289 $0 $427,289 11.31% 6,848,400 0.0624 NextEra $474,323 $339,000 $813,323 21.52% 9,602,000 0.0847 NYPA $8,965 $16,834 $25,799 0.68% 1,822,126 0.0142 ISO Interchange $384,145 $183,786 $567,931 15.03% 9,997,965 0.0568 Nema Congestion - $41,235 $0 - $41,235 -1.09% - 0.0000 BP Energy $473,239 $0 $473,239 12.52% 9,804,000 0.0483 Summit Hydro /Collins /Pioneer $15,764 $0 $15,764 0.42% 196,972 0.0800 Braintree Watson Unit $98,201 $116,291 $214,492 5.68% 537,400 0.3991 * Swift River Projects $8,319 -$894 $7,426 0.20% 103,611 0.0717 Coop Resales $2,075 $0 $2,075 0.05% 14,838 0.1398 Constellation Energy $348,291 $0 $348,291 9.22% 8,908,800 0.0391 Stonybrook Peaking $1,600 $49,182 $50,782 1.34% 7,026 7.2277 Monthly Total $2,358,566 $1,419,977 $3,778,543 100.00% 58,968,269 0.0641 * Renewable Resources 3.60% RENEWABLE ENERGY CERTIFICATES (RECD Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through September 2014, as well as their estimated market value. Woronoco Pepperell Indian River Turners Falls RECs Sold Grand Total TRANSMISSION Table 5 The RMLD's total transmission costs for the month of September, 2014 were $1,149,000. This is a decrease of 9.12% from the August transmission cost of $1,264,244. In September, 2013 the transmission costs were $931,368. Table 6 Swift River RECs Summary Last Month Last Year Period - January 2014 - September 2014 Banked Projected Total Est. RECs RECs RECs Dollars 3,613 0 3,613 $173,424 3,179 1,342 4,521 $217,008 1,711 638 2,349 $112,752 1,389 220 1,609 $0 Total 0 $0 9,892 2,200 12,092 $503,184 The RMLD's total transmission costs for the month of September, 2014 were $1,149,000. This is a decrease of 9.12% from the August transmission cost of $1,264,244. In September, 2013 the transmission costs were $931,368. Table 6 Current Month Last Month Last Year Peak Demand (kW) 150,405 147,012 156,230 Energy (kWh) 58,968,269 65,160,895 58,614,875 Energy ($) $2,358,566 $2,768,364 $2,168,234 Capacity ($) $1,419,977 $1,414,711 $1,489,738 Transmission($) $1,149,000 $1,264,244 $931,368 Total $4,927,542 $5,447,319 $4,589,340 CJ L O GJ C C l6 C ro v t Y O C 3 O r_ a Y O Ln N OD C c� O C O l0 L } U Z W_ _U LL LL W } W Z W L O V N C N C U v CC C O U co � i ;. Ln 0 In V 0 � E Ln N co co Ln O N O M Ch CD f» L» to c} r M n n I� F Li d N M M v m M O lo o u) 0 i0 N _ C N O n N N N m N M 0 UY di Hi ffl 69 U v> ua <» w, rA �» 0_ F- i O 00 00 O Y r M LO N o o o O O r (D M N o 0 0 O o_ N (D r (d o ao n a ` N Q z m 0) V> Ef) 64 69 M CO LA Lfl J O M O (D � } 0 0 O O m O O Q �o .0 N fA 69 EA 64 fA (A O 00 co M U) M M M Lfi Lfi O O N M 00 (o Ln Ln EA I� r N V M �p N ) FU- 64 69 Vi V3 fA (A O o 0 0 0 0 Y � (n vi vi to r- M cli O co V M 00 N cli O C) O co V T M 7 r <) m Lr (D ffl O C Lvj M H W V 7 V Y � Efl Efl ffl LO co N V I-- N O_ M Q M Q 00 r Ln T O Ln Lo N O fn U N d U rfl (» (s> (fl (» (» CrD 00 n W 7 L N M f� co O O 3 O O N r N 00 Y Ln M Ln N � O N N N M N (D } O co cu T C L11 m O O Oro O j C) � Lo Y O N O N (6 6n _T U f0 CL m U Q V V r Ln r Lo I'L LL'y ai LL LL LL LL LL LL >- LL LL LL LL LL LL (Q a) a) l6 -0 C r E C .O C .O C 07 d f0 _ N U H H U 10:1H 101 1H H U co � o co 0 In 0 n 0 � E 0 u4 e» f» L» to c} M n n o F Li d y O in O o O lo o u) 0 i0 N _ N O n N N N m m o UY di Hi ffl 69 0_ F- E o o o o J o 0 0 0 o_ rn o ao n a ` N Q z m UfA fA LA Lfl J n � } m N Q o O O O N O m O c0 Q n Q N N m d m to E» U� C DD Q co M Q 0 0 � d N Q Q cD cD M O O O M rn rn rn rn n 0 c0 O Q Q N O N L N M rn h N M n n � 10 N m 0 O Q o rn� M� o 0 o c0 ao n cn co ao } ( co M Q � F ¢ d o 0 o Oro 0 o o o`er-, N N_ O Ln N O V O f0 m o oO UY to V3 b9 fA 69 EA EN fA o E M n W n M O n N F N N O u7 N M t- d cO O o Lo 1n O O 77. Lo 1n N N O In O N N N N N c0 Q M rn 1n Ln U @ rn Q — 3 L» ua bo en 64 64 Fs F» F» Io O C F 0 100 Q O L" Ln N W o O o o o o o o 0 oOOo00°mo Q om Q (0 o Q N M - rn N U_ m UA EA VA 6s EA 69 fH b9 W � n Q n Q Q c0 to Q N m M m N F Q M N U d o Lo n O N n t0 N n N o •- O rn rn n O N W d u') o J n o n e CO rn n rn Q Q) F Q co Q M N N co o n n O U, In Q rn N Q N rn 16 Q 16 Q M n rn L �O � fA fA di b9 b9 fA EA fA EA N F N co M N M N rn �d 100 , 100 10C O O n O u07 M rn LL7 n OD cD rn O N N c0 rn n 0 0 M 10 ` O O m �° L» en L» en ei » V> e» Vn rn } v n o 0 M m o co N F N M M M M M 0 d N c+0) m N m N 00 1°n 1NN L m f Q N N N O Q M N U m 0 Vf EA Vi EA EA EA EA fA fA C � N W O rn N M w N O Q >~ Q O Q M N M N ❑�r _;J 4 ELECTRIC POWER ENGINEERING 35 MAIN STREET HOPKINTON, MA 01748 TELEPHONE (508) 435 -9377 To: Coleen O'Brien, General Manager Cc: Jane Parenteau, Bob Fournier, Bill Selden From: Mayhew D. Seavey, Jr. Date: November 14, 2014 Subject: LED Street Light Schedule As you requested I have prepared a rate schedule for LED municipal street lights based on my analysis dated June 12, 2014 and revised September 18th. This rate schedule is suitable for filing with the Massachusetts Department of Public Utilities (MDPU). I have made the effective date December 1, 2014 but that date can be changed if desired. I have also left the tariff number blank since I am not sure of the last sequential rate schedule that RMLD has filed. In developing these rates, I relied on fixture capital and installation costs provided by RMLD. The attached Exhibit 1 shows the development of each fixture rate. The total capital cost, including the cost of the fixture, arm, photocell and installation labor is assumed to be recovered over a 25 -year economic life at a depreciation rate of 4 %. For the O &M cost I began with the FYI budget number of $92,652. 1 subtracted the approximately $60 thousand in maintenance savings from the Pilot Study and added 29% for Administrative and General expenses, which is the level of A &G as a percentage of total O &M excluding purchased power. This resulted in a total O &M plus A &G expense of $42,354. Divided by the total projected number of fixtures, this gives an annual O &M charge of $5.87 per fixture. I recommend using a per - fixture charge rather than a per -kWh charge because the amount of maintenance required does not seem to vary with the wattage of the fixture. These rates should provide savings of around 40% to the towns compared with the present charges for high pressure sodium fixtures with comparable lumen output under the present rate. If there are any questions regarding this, please do not hesitate to contact me. 0 Town of Reading, Massachusetts MDPU # _ Municipal Light Department LED Street Lighting Rate Designation: LED Street Light Rate Available: Reading, Lynnfield Center, North Reading, and Wilmington Applicable to: Street Light service using LED fixtures on all public, private, and unaccepted streets where the Department has private facilities for supplying electricity and where the installation work involved is limited to the necessary lighting unit and connection on the same pole. Energy Charge: The rate per year for the standard 4,000 -hour schedule is as follows: Fixture Type Annual Rate Annual kWh 25 Watt LED $19.83 100 101 Watt LED 26.75 404 93 Watt LED Flood 40.59 372 134 Watt LED Flood 46.63 536 Fuel Adjustment: The bill for service hereunder may be increased or decreased as provided by the Standard fuel Adjustment Clause. The Fuel Adjustment will appear on the bill as the monthly fuel charge multiplied by one twelfth of the Annual kWh shown above for each Fixture Type. Purchase Power Adjustment: The bill for service hereunder may be increased or decreased as provided by the Purchase Power Adjustment. The Purchase power Adjustment will appear on the bill as the monthly charge multiplied by one twelfth of the Annual kWh shown above for each Fixture Type. Rate Filed: December 1, 2014 Effective: On Billings on or After December 1, 2014 Filed By: Coleen M. O'Brien, General Manager READING MUNICIPAL LIGHT DEPARTMENT Engineering and Operations Monthly Report September 2014 CAPITAL IMPROVEMENTS Construction Projects: Complete FY14 -15 Status PROJECT SPENDING Month YTD URD Upgrades — All Towns: 106 • Snowcrest Run, NR n $6,671 $34,545 Thistle Lane, LC going Step -down Area Upgrades — All Towns: 107 • McDonald Road, W n $3,842 $15,142 • Vine Street, R going New Customer Service Connections: 112 Service Installations — Commercial /Industrial: $2,554 $6,442 • Main Street — Agostino Drive, W Service Installations — Residential: 113 This item includes new or upgraded overhead and $15,314 $44,348 underground services. ® ATTACHMENT 2 November 7, 2014 1 Routine Construction: Complete FY14 -15 Special Projects /Capital Purchases: status Month YTD 131 LED Street Light Pilot Program 137 SCADA System Upgrade (server) November 7, 2014 100% $1,335 $1,335 100% $12,832 $12,832 R Month YTD Pole Setting/Transfers 19,982 59,445 Overhead/Underground 63,161 188,980 Projects Assigned as Required • Wildwood School, W (transformer replacement) • North Reading High /Middle School (road widening) • Wilmington High School (new service) 40,344 160,942 • Mark Avenue, R (area upgrade) • Lynnfield High Athletic Field (lights) • Ballardvale St, W transformer replacement) Pole Damage /Knockdowns - Some Reimbursable 1,455 10,762 • Work was done to repair or replace one 1 damaged pole. Station Group 19,247 19,247 Hazmat/Oil Spills 3,831 Porcelain Cutout Replacement Program 1,428 3,149 Lighting Street Light Connections 1,105 4,170 Storm Trouble 7,148 24,231 Underground Subdivisions (new construction) • Amherst Road, W 7,215 19,079 • Cheyenne Estates, W • Rahnden Terrace, N Animal Guard Installation 753 1,763 Miscellaneous Capital Costs 13,490 47,953 TOTAL: $ 175,329 $ 543,551 Complete FY14 -15 Special Projects /Capital Purchases: status Month YTD 131 LED Street Light Pilot Program 137 SCADA System Upgrade (server) November 7, 2014 100% $1,335 $1,335 100% $12,832 $12,832 R MAINTENANCE PROGRAMS Aged /Overloaded Transformer Replacement Padmount: Single- Phase: 10.71 % replaced through 10131114 Three - Phase: 6.41% replaced through 10131114 Overhead: Single- Phase: 8.23% replaced through 10131114 Three - Phase: 2.22% replaced through 10131114 Pole Testing System -wide (600 -1,000 poles /year) Contract awarded to mPower Technologies. Inspection underway - 640 poles are schedule for inspection this year; 435 have been inspected as of 11/7/14. 13.8kV/35kV Feeders — Quarterly Inspections 3W8, 3W18, 5W4, 5W8, 5W9, 51N4, 5W5, 4W7, 4W23, 3W8, 3W18, 3W6,3W13, 3W5, 3W15, 4W5, 4W6, 4W13, 4W10, 4W12, 4W16 Miscellaneous branches and vines were found and removed. Manhole Inspections Pending. Porcelain Cutout Replacements (with Polymer) A total of 20 cutouts were changed out in September. Six (6) were charged as part of the Porcelain Cutout Replacement Program and an additional 14 were replaced because of damage. 87% complete. Substations: Infared Scanning (Monthly) Station 3 Scanning complete through October — no hot spots found Station 4 Scanning complete through October — no hot spots found Station 5 Scanning complete through October — no hot spots found Substation Maintenance Program • Inspection of all three stations by UPG in progress. 90% complete. November 7, 2014 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. 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 SAIDI 2010 -2014 2010 -2011 -2012 -2013 -2014 Average SAIDI 85.75 6235 � 2010 � 2011 � 2012 � 2013 � 2014 YTD Region Average --National Average 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 T average number of customers served during that period. SAIFI 2010 -2014 J :"11 0.80 0.72 0.70 0.60 0.50 0.43 0.40 0.40 0.32 0.35 0.30 0.20 0.10 0.00 + 2010 -2011 -2012 -2013 -2014 Average SAIFI 0.83 X2010 0.55 � 2011 i 2012 X2013 � 2014 YTD Region Average National Average November 7, 2014 4 1. A 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. i m 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 CAIDI 2010 -2014 2010 -2011 -2012 -2013 -2014 Average CAIDI � 2010 � 2011 � 2012 � 2013 � 2014 YTD Region Average National Average This matric reflects the average customer experience (minutes of duration) during an outage. Note: Since SAIDI, SAIFI and CAIDI are sustained interruption indices; only outages lasting longer than one minute are included in the calculations. November 7, 2014 5 2014 Outage Causes Types YTD September 30, 2014 IMW Utility Human Errror Natural 3 11 2% 6% Unknown_ 5 3% ■ Equipment Equipment ■ Wildlife 62 ■ Tree 34% ■ Unknown Tree ■ Utility Human Errror 61 ■ Natural 34% Wildlife 38 21% PI November 7, 2014 6 Dt: October 31, 2014 To: RMLB, Coleen O'Brien, Jeanne Foti Fr: Bob Fournier Sj: September 30, 2014 Report The results for the first three months ending September 30, 2014, for the fiscal year 2015 will be summarized in the following paragraphs. 1) Change in Net Assets: (Page 3A) For the month of September, the net income or the positive change in net assets was $639,851, increasing the year to date net income to $3,490,677. The year to date budgeted net income was $3,408,662, resulting in net income being over budget by $82,015 or 2.4 %. Actual year to date fuel revenues exceeded fuel expenses by $1,814,414. 2) Revenues: (Page 11B) Year to date operating revenues were under budget by $958,758 or 3.7 %. Actual operating revenues were $24.8 million compared to the budgeted amount of $25.8 million. ® 3) Expenses: (Page 12A) *Year to date purchased power base expense was under budget by $11,069 or .14 %. Actual purchased power base costs and budgeted power base costs were $7.9 million. *Year to date operating and maintenance (O &M) expenses combined were under budget by $398,007 or 10.8 %. Actual O &M expenses were $3.2 million compared to the budgeted amount of $3.6 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $11,038,619. * Capital Fund balance was at $5,363,336. * Rate Stabilization Fund was at $6,741,757. * Deferred Fuel Fund was at $5,947,109. * Energy Conservation Fund was at $582,350. 5) General Information: Year to date kwh sales (Page 5) were 194,770,081 which is 7.4 million kwh or 3.6 %, BEHIND last year's actual figure. AW Budget Variance: Cumulatively, the five divisions were under budget by $405,606 or 7.2 %. ATTACHMENT 3 .7 FINANCIAL REPORT ® SEPTEMBER 30, 2014 � ISSUE DATE: OCTOBER 31, 2014 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 9/30/2014 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 8,229,356.39 11,038,619.90 RESTRICTED CASH (SCH A P.9) 20,202,747.62 22,414,031.53 RESTRICTED INVESTMENTS (SCH A P.9) 0.00 1,292,906.26 RECEIVABLES, NET (SCH B P.10) 8,195,375.49 7,561,825.18 PREPAID EXPENSES (SCH B P.10) 1,411,727.14 1,406,716.39 INVENTORY 1,521,933.75 1,439,446.41 TOTAL CURRENT ASSETS 39,561,140.39 45,153,545.67 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 37,060.48 26,993.75 CAPITAL ASSETS, NET (SCH C P.2) 70,009,019.31 69,964,993.35 TOTAL NONCURRENT ASSETS 70,046,079.79 69,991,987.10 TOTAL ASSETS 109,607,220.18 115,145,532.77 LIABILITIES CURRENT ACCOUNTS PAYABLE 4,906,426.64 5,472,573.61 CUSTOMER DEPOSITS 746,358.61 807,738.14 CUSTOMER ADVANCES FOR CONSTRUCTION 427,384.15 455,965.98 ACCRUED LIABILITIES 170,301.90 126,372.34 TOTAL CURRENT LIABILITIES 6,250,471.30 6,862,650.07 NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES 3,132,560.84 2,918,870.73 TOTAL NONCURRENT LIABILITIES 3,132,560.84 2,918,870.73 TOTAL LIABILITIES 9,383,032.14 9,781,520.80 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT RESTRICTED FOR DEPRECIATION FUND (P.9) UNRESTRICTED TOTAL NET ASSETS (P.3) TOTAL LIABILITIES AND NET ASSETS ZE 70,009,019.31 69,964,993.35 3,679,743.06 5,099,591.58 26,535,425.67 30,299,427.04 100,224,188.04 105,364,011.97 109,607,220.18 115,145,532.77 19 9 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 9/30/2014 PREVIOUS YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 3,261.87 NEW ENGLAND HYDRO TRANSMISSION 33,798.61 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 37,060.48 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 STRUCTURES AND IMPROVEMENTS 6,430,802.65 EQUIPMENT AND FURNISHINGS 12,464,470.46 INFRASTRUCTURE 49,847,903.97 TOTAL CAPITAL ASSETS, NET 70,009,019.31 TOTAL NONCURRENT ASSETS 70,046,079.79 �11 (2) SCHEDULE C CURRENT YEAR 2,975.74 24,018.01 26,993.75 1,265,842.23 6,078,471.99 12,322,184.73 50,298,494.40 69,964,993.35 69,991,987.10 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 9/30/2014 OPERATING REVENUES: (SCH D P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE GAW REVENUE NYPA 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 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) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF SEPTEMBER MONTH MONTH LAST YEAR CURRENT YEAR 4,388,093.22 1,925,013.36 3,096,134.62 2,758,999.30 23,406.80 2,542,665.72 76,781.85 108,263.18 67,828.50 59,812.67 68,822.22 0.00 (61.811.13) (73,936.15) 7,659,256.08 7,320,918.08 LAST YEAR CURRENT YEAR YTD % TO DATE TO DATE CHANGE 13,155,956.58 6,085,527.36 - 53.74% 9,434,647.92 10,386,553.45 10.09% 68,739.15 8,099,597.29 11683.09% 223,391.10 249,020.22 11.47% 199,262.86 190,585.45 -4.35% 202,191.02 0.00 100.00% (149,297.25) (157,619.41) 5.57% 23,134,891.38 24,853,664.36 7.43% 2,424,682.96 2,576,986.27 7,811,025.76 7,909,530.96 1.26% 2,168,234.24 2,358,565.60 8,399,833.69 8,414,519.55 0.17% 778,965.79 772,492.30 2,567,919.66 2,439,760.44 -4.99% 280,641.65 351,060.97 673,512.51 821,822.59 22.02% 314,969.55 321,788.79 944,908.65 965,366.37 2.17% 116,666.67 118,000.00 350,000.01 354,000.00 1.14% 6,084,160.86 6,498,893.93 20,747,200.28 20,904,999.91 0.76% 1,575,095.22 822,024.15 2,387,691.10 3,948,664.45 (280.37) 395.20 4,937.38 395.20 (191,768.41) (194,405.25) (575,305.25) (583,215.75) 2,285.65 10,097.40 7,361.47 32,355.54 (254.60) (261.92) (770.38) (782.66) 78,804.93 2,002.00 83,094.93 93,261.03 (111,212.80) (182,172.57) (480,681.85) (457,986.64) 65.38% 0.0 1.38% 339.53% 1.59% 12.23% -4.72% 1,463,882.42 639,851.58 1,907,009.25 3,490,677.81 83.04% (3) 98,317,178.79 101,873,334.16 3.62% 100,224,188.04 105,364,011.97 5.13% Ic TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 9/30/2014 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION 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) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF SEPTEMBER * ( ) = ACTUAL UNDER BUDGET A ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE 6,085,527.36 14,709,336.00 (8,623,808.64) - 58.63% 10,386,553.45 10,752,311.00 (365,757.55) -3.40% 8,099,597.29 0.00 8,099,597.29 100.00% 249,020.22 323,605.00 (74,584.78) - 23.05% 190,585.45 202,170.00 (11,584.55) -5.73% (157,619.41) (174,999.00) 17,379.59 -9,93% 24,853,664.36 25,812,423.00 (958,758.64) -3,71% 7,909,530.96 7,920,600.00 (11,069.04) -0.14% 8,414,519.55 9,056,605.00 (642,085.45) -7.09% 2,439,760.44 2,855,299.00 (415,538.56) - 14.55% 821,822.59 804,292.00 17,530.59 2.18% 965,366.37 972,999.00 (7,632.63) -0.78% 354,000.00 354,000.00 0.00 0.00% 20,904,999.91 21,963,795.00 (1,058,795.09) -4,82% 3,948,664.45 3,848,628.00 100,036.45 2.60% 395.20 50,000.00 (49,604.80) - 99.21% (583,215.75) (583,215.00) (0.75) 0.00% 32,355.54 24,999.00 7,356.54 29.43% (782.66) (750.00) (32.66) 4.35% 93,261.03 69,000.00 24,261.03 35.16% (457,986.64) (439,966.00) (18,020.64) 4.10% 3,490,677.81 3,408,662.00 82,015.81 101,873,334.16 101,873,334.16 0.00 105,364,011.97 105,281,996.16 82,015.81 (3A) 2.41% 0.00% 0.08% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 9/30/2014 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/14 CONSTRUCTION FUND BALANCE 7/1/14 INTEREST ON DEPRECIATION FUND FY 15 DEPRECIATION TRANSFER FY 15 TOTAL SOURCE OF CAPITAL FUNDS USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU SEPTEMBER GENERAL LEDGER CAPITAL FUNDS BALANCE 9/30/14 (4) 4,130,584.59 1,000,000.00 3,640.62 965,366.37 6,099,591.58 736,254.92 5,363,336.66 C TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 9/30/2014 SALES OF ELECTRICITY: MONTH LAST YEAR MONTH CURRENT YEAR LAST YEAR TO DATE CURRENT YEAR YTD % TO DATE CHANGE RESIDENTIAL SALES 25,540,399 22,939,398 80,169,552 75,043,290 -6.39% COMM. AND INDUSTRIAL SALES 40,557,855 35,714,805 114,464,916 112,076,532 -2,09% PRIVATE STREET LIGHTING 73,957 78,696 222,003 236,838 6.68% TOTAL PRIVATE CONSUMERS 66,172,211 58,732,899 194,856,471 187,356,660 - 3,855 MUNICIPAL SALES: STREET LIGHTING 239,515 242,669 718,505 729,038 1.47% MUNICIPAL BUILDINGS 875,317 750,172 2,461,219 2,416,962 -1.80% TOTAL MUNICIPAL CONSUMERS 1,114,832 992,841 3,179,724 3,146,000 -1.06% SALES FOR RESALE 365,264 347,064 1,089,486 1,085,516 -0.36% SCHOOL 1,159,553 1,036,921 3,044,297 3,181,905 4.52% TOTAL KILOWATT HOURS SOLD 68,811,860 61,109,725 202,169,978 194,770,081 -3.66% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 9/30/2014 TOTAL READING LYNNFZELD NO.READING WILMINGTON MONTH RESIDENTIAL 22,939,398 7,293,294 3,582,043 5,175,288 6,888,773 COMM & IND 35,714,805 4,460,805 299,833 5,481,548 25,472,619 PVT ST LIGHTS 78,696 13,102 1,524 24,826 39,244 PUB ST LIGHTS 242,669 81,549 32,770 42,644 85,706 MUNI BLDGS 750,172 176,606 177,483 144,132 251,951 SALES /RESALE 347,064 347,064 0 0 0 SCHOOL 1,036,921 391,422 248,605 92,360 304,534 TOTAL 61,109,725 12,763,842 4,342,258 10,960,798 33,042,827 YEAR TO DATE RESIDENTIAL 75,043,290 23,125,980 11,194,762 17,317,923 23,404,625 COMM & IND 112,076,532 13,954,255 908,358 17,557,728 79,656,191 PVT ST LIGHTS 236,838 39,938 4,572 74,280 118,048 PUB ST LIGHTS 729,038 244,994 98,448 128,113 257,483 MUNI BLDGS 2,416,962 546,624 525,872 476,890 867,576 SALES /RESALE 1,085,516 1,085,516 0 0 0 SCHOOL 3,181,905 1,208,432 726,715 340,560 906,198 TOTAL 194,770,081 40,205,739 13,458,727 35,895,494 105,210,121 LAST YEAR TO DATE RESIDENTIAL 80,169,552 24,831,914 11,854,932 18,651,433 24,831,273 COMM & IND 114,464,916 14,024,549 961,054 17,719,602 81,759,711 PVT ST LIGHTS 222,003 39,387 4,080 66,526 112,010 PUB ST LIGHTS 718,505 241,986 97,500 125,016 254,001 MUNI BLDGS 2,461,219 567,020 505,645 495,125 893,429 SALES /RESALE 1,089,486 1,089,486 0 0 0 SCHOOL 3,044,297 1,111,061 726,618 358,960 847,658 TOTAL 202,169,978 41,905,403 14,149,829 37,416,664 108,698,082 KILOWATT HOURS SOLD TO TOTAL TOTAL, READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 37.54% 11.93% 5.86% 8.47% 11.28% COMM & IND 58.44% 7.30% 0.49% 8.97% 41.68% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% PUB ST LIGHTS 0.40% 0.13% 0.05% 0.07% 0.15% MUNI BLDGS 1.23% 0.29% 0.29% 0.24% 0.41% SALES /RESALE 0.57% 0.57% 0.00% 0.00% 0.00% SCHOOL 1.70% 0.64% 0.41% 0.15% 0.50% TOTAL 100.00% 20.88% 7.10% 17.94% 54.08% YEAR TO DATE RESIDENTIAL 38.53% 11.87% 5.75% 8.89% 12.02% COMM & IND 57.54% 7.16% 0.47% 9.01% 40.90% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% PUB ST LIGHTS 0.38% 0.13% 0.05% 0.07% 0.13% MUNI BLDGS 1.24% 0.28% 0.27% 0.24% 0.45% SALES /RESALE 0.56% 0.56% 0.00% 0.00% 0.00% SCHOOL 1.63% 0.62% 0.37% 0.17% 0.47% TOTAL 100.00% 20.64% 6.91% 18.42% 54.03% LAST YEAR TO DATE RESIDENTIAL 39.65% 12.28% 5.86% 9.23% 12.28% COMM & IND 56.62% 6.94% 0.48% 8.76% 40.44% PVT ST LIGHTS 0.11% 0.02% 0.00% 0.03% 0.06% PUB ST LIGHTS 0.36% 0.12% 0.05% 0.06% 0.13% MUNI BLDGS 1.21% 0.28% 0.25% 0.24% 0.4� SALES /RESALE 0.54% 0.54% 0.00% 0.00% 0.0 SCHOOL 1.51% 0.55% 0.36% 0.18% 0.42 TOTAL 100.00% 20.73% 7000% 18.50% 53.77% (6) m TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 9/30/2014 TOTAL OPERATING REVENUES (P.3) 24,853,664.36 ADD: POLE RENTAL 0.00 INTEREST INCOME ON CUSTOMER DEPOSITS 788.68 LESS: OPERATING EXPENSES (P.3) (20,904,999.91) CUSTOMER DEPOSIT INTEREST EXPENSE (782.66) FORMULA INCOME (LOSS) 3,948,670.47 h) SALE OF KWH (P.5) KWH PURCHASED AVE BASE COST PER KWH AVE BASE SALE PER KWH AVE COST PER KWH AVE SALE PER KWH FUEL CHARGE REVENUE (P.3) LOAD FACTOR PEAK LOAD TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 9/30/2014 MONTH OF SEP 2013 68,811,860 58,649,074 0.041342 0.063769 0.078312 0.108764 3,096,134.62 51.42% 156,230 MONTH OF % CHANGE YEAR THRU SEP 2014 2013 2014 SEP 2013 SEP 2014 61,109,725 -3.05% -3.66% 202,169,978 194,770,081 58,968,269 -3.68% -1.66% 199,904,885 196,595,839 0.043701 396.00% 2.96% 0.039074 0.040232 0.031501 0.89% - 51.99% 0.065074 0.031245 0.083698 -4.41% 2.39% 0.081093 0.083034 0.076649 -0.19% - 24.31% 0.111741 0.084572 2,758,999.30 -4.65% 10.09% 9,434,647.92 10,386,553.45 53.71% 150,405 (8) W..� 1-1 C > O 0 u o � u > d � m w w a b PJti 1 ,yb tl`P,yb ti i Q QQ- -� L 0 PJ,y 1 M ~ fC P t I ti� Y �Pti O 1 �Q JOy~ �J titi P Q ti 1P�.y L O Jyti ti Or'ti �Q m C Ln o Ln p 0 0 0 0 0 0 A^ � � t4 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 9/30/2014 UNRESTRICTED CASH CASH — OPERATING FUND CASH — PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH — DEPRECIATION FUND CASH — CONSTRUCTION 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 TOTAL RESTRICTED CASH INVESTMENTS SICK LEAVE BUYBACK TOTAL CASH BALANCE (9) SCHEDULE A PREVIOUS YEAR CURRENT YEAR 8,226,356.39 11,035,619.90 3,000.00 3,000.00 8,229,356.39 11,038,619.90 3,679,743.06 740,489.65 925,305.27 3,495,004.36 6,695,667.22 200,000.00 3,133,039.93 150,000.00 746,358.61 437,139.52 5,099,591.58 263,745.08 937,215.75 5,947,109.45 6,741,747.60 200,000.00 1,684,533.64 150,000.00 807,738.14 582,350.29 20,202,747.62 22,414,031.53 0.00 1,292,906.26 28,432,104.01 34,745,557.69 n 19 19 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 9/30/2014 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 PASNY PREPAYMENT WATSON PURCHASED POWER WORKING CAPITAL TOTAL PREPAYMENT ACCOUNTS RECEIVABLE AGING SEPTEMBER 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 4,382,722.72 191,098.46 28,097.35 892.14 (336,183.12) (229,274.56) 4,037,352.99 4,158,022.50 8,195,375.49 878,713.48 45,427.17 242,260.90 230,801.89 14,523.70 1,411,727.14 2,315,435.44 (189,055.47) 2,126,379.97 1,652,618.50 76.71% 362,982.61 17.07% 53,086.64 2.50% 12,274.62 0.58% 45,417.60 2.14% 2,126,379.97 100.00% SCHEDULE B CURRENT YEAR 2,315,435.44 36,729.23 18,531.86 892.14 (189,055,47) _(242,977.301 1,939,555.90 5,622,269.28 7,561,825.18 892,934.06 (11,355.59) 259,957.39 252,480.42 12,700.11 1,406,716.39 It ul TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 9/30/2014 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD $ SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 3,132,641.80 2,056,407.30 9,961,643.09 7,350,485.41 - 26.21% COMM AND INDUSTRIAL SALES 4,057,260.29 2,427,140.29 11,788,188.40 8,449,224.57 - 28.32% PRIVATE STREET LIGHTING 5,595.73 9,023.30 17,178.79 29,082.19 69.29% TOTAL PRIVATE CONSUMERS 7,195,497.82 4,492,570.89 21,767,010.28 15,828,792.17 - 27.28% MUNICIPAL SALES: STREET LIGHTING 27,072.58 29,860.45 82,409.26 89,581.35 8.70% MUNICIPAL BUILDINGS 95,737.98 57,058.21 278,037.77 197,228.47 - 29.06% TOTAL MUNICIPAL CONSUMERS 122,810.56 86,918.66 360,447.03 286,809.82 - 20.43% SALES FOR RESALE 41,577.45 27,694.90 125,818.59 95,864.70 - 23.81% SCHOOL 124,342.01 76,828.21 337,328.60 260,614.12 - 22.74% SUB -TOTAL 7,484,227.84 4,684,012.66 22,590,604.50 16,472,080.81 - 27.08% FORFEITED DISCOUNTS 76,781.85 108,263.18 223,391.10 249,020.22 11.47% PURCHASED POWER CAPACITY 23,406.80 2,542,665.72 68,739.15 81099,597.29 11683.09% ENERGY CONSERVATION - RESIDENTIAL 25,554.01 22,939.09 80,206.52 75,062.94 -6.41% ENERGY CONSERVATION - COMMERCIAL 42,274.49 36,873.58 119,056.34 115,522.51 -2.97% GAW REVENUE 68,822.22 0.00 202,191.02 0.00 - 100.00% NYPA CREDIT (61,811.13) (73,836.15) (149,297.25) (157,619.41) 5.57% TOTAL REVENUE 7,320,918.08 24,853,664.36 7.43% 7,659,256.08 23,134,891.38 It ul TOWN OF READING, MASSACHUSETTS MUNICIPAL, LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 9/30/2014 MONTH TOTAL READING LYNNFIELD NO.READING WILMINGTON RESIDENTIAL 2,056,407.30 657,792.23 317,429.89 463,595.43 617,589.75 INDUS /MUNI BLDG 2,484,198.50 342,598.54 35,267.54 445,864.82 1,660,467.60 PUB.ST.LIGHTS 29,860.45 10,014.23 4,024.08 5,267.05 10,555.09 PRV.ST.LIGHTS 9,023.30 1,490.07 177.54 2,948.23 4,407.46 CO -OP RESALE 27,694.90 27,694.90 0.00 0.00 0.00 SCHOOL 76,828.21 29,151.06 18,118.10 7,051.78 22,507.27 TOTAL 4,684,012.66 1,068,741.03 375,017.15 924,727.31 2,315,527.17 THIS YEAR TO DATE RESIDENTIAL 7,350,485.41 2,273,055.54 1,087,962.49 1,692,603.84 2,296,863.54 INDUS /MUNI BLDG 8,646,453.04 1,190,908.22 118,411.39 1,480,385.94 5,856,747.49 PUB.ST.LIGHTS 89,581.35 30,042.69 12,072.24 15,801.15 31,665.27 PRV.ST.LIGHTS 29,082.19 4,834.10 570.72 9,434.80 14,242.57 CO -OP RESALE 95,864.70 95,864.70 0.00 0.00 0.00 SCHOOL 260,614.12 98,770.33 58,546.49 29,513.10 73,784.20 TOTAL 16,472,080.81 3,693,475.58 1,277,563.31 3,227,738.84 8,273,303.08 LAST YEAR TO DATE RESIDENTIAL 9,961,643.09 3,102,957.12 1,463,052.89 2,319,914.15 3,075,718.93 INDUS /MUNI BLDG 12,066,226.17 1,606,957.16 161,557.73 1,926,936.10 8,370,775.18 PUB.ST.LIGHTS 82,409.26 26,828.72 10,600.31 14,582.09 30,398.14 PRV.ST.LIGHTS 17,178.79 3,025.09 310.43 5,319.37 8,523.90 CO -OP RESALE 125,818.59 125,818.59 0.00 0.00 0.00 SCHOOL 337,328.60 123,798.95 78,654.72 40,968.64 93,906.29 TOTAL 22,590,604.50 4,989,385.63 1,714,176.08 11,579,322.44 4,307,720.35 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 43.90% 14.04% 6.78% 9.90% 13.18% INDUS /MUNI BLDG 53.04% 7.31% 0.75% 9.52% 35.46% PUB.ST.LIGHTS 0.64% 0.21% 0.09% 0.11% 0.23% PRV.ST.LIGHTS 0.19% 0.03% 0.00% 0.06% 0.10% CO -OP RESALE 0.59% 0.59% 0.00% 0.00% 0.00% SCHOOL 1.64% 0.62% 0.39% 0.15% 0.48% TOTAL 100.00% 22.80% 8.01% 19.74% 49.45% THIS YEAR TO DATE RESIDENTIAL 44.62% 13.80% 6.60% 10.28% 13.94% INDUS /MUNI BLDG 52.50% 7.23% 0.72% 8.99% 35.56% PUB.ST.LIGHTS 0.54% 0.18% 0.07% 0.10% 0.19% PRV.ST.LIGHTS 0.18% 0.03% 0.00% 0.06% 0.09% CO -OP RESALE 0.58% 0.58% 0.00% 0.00% 0.00% SCHOOL 1.58% 0.60% 0.36% 0.18% 0.44% TOTAL 100.00% 22.42% 7.75% 19.61% 50.22% LAST YEAR TO DATE RESIDENTIAL 44.10% 13.74% 6.48% 10.27% 13.61% INDUS /MUNI BLDG 53.41% 7.11% 0.72% 8.53% 37.05% PUB.ST.LIGHTS 0.36% 0.12% 0.05% 0.06% 0.13% RV.ST.LIGHTS 0.08% 0.01% 0.00% 0.02% 0.05% O -OP RESALE 0.56% 0.56% 0.00% 0.00% 0.00% SCHOOL 1.49% 0.55% 0.35% 0.18% 0.41% TOTAL 100.00% 22.09% 7.60% 19.06% 51.25% (11A) 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 NYPA CREDIT TOTAL OPERATING REVENUES * ( ) = ACTUAL UNDER BUDGET TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 9/30/2014 SCHEDULE F ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 3,332,955.01 6,813,173.00 (3,480,217.99) - 51.08% 2,573,429.90 7,522,401.00 (4,948,971.10) - 65.79% 50,754.31 55,349.00 (4,594.69) -8.30% 37,765.79 97,824.00 (60,058.21) - 61.39% 90,622.35 220,589.00 (129,966.65) - 58.92% 6,085,527.36 14,709,336.00 (8,623,808.64) - 58.63% 10,386,553.45 10,752,311.00 (365,757.55) -3.40% 16,472,080.81 25,461,647.00 (8,989,566.19) - 35.31% 249,020.22 323,605.00 (74,584.78) - 23.05% 8,099,597.29 0.00 8,099,597.29 100.00% 75,062.94 80,170.00 (5,107.06) -6.37% 115,522.51 122,000.00 (6,477.49) -5.31% (157,619.41) (174,999.00) 17,379.59 -9.93% 25,812,423.00 -3.71% (958,758.64) 24,853,664.36 (116) 19 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 9/30/2014 SCHEDULE E TOTAL OPERATION EXPENSES 778,965.79 772,492.30 2,567,919.66 2,439,760.44 -4 99% MAINTENANCE EXPENSES: OF TRANSMISSION PLANT MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 2,424,682.96 2,576,986.27 7,811,025.76 415,951.27 1.26% 7,909,530.96 17,856.13 24,553.53 49,853.69 OPERATION SUP AND ENGINEERING EXP 44,470.64 43,416.10 132,154.69 129,050.92 -2.35$ STATION SUP LABOR AND MISC 6,742.17 12,483.78 27,001.79 34,898.30 29.24% LINE MISC LABOR AND EXPENSE 42,755.50 45,564.01 160,485.30 141,194.39 - 12.02% STATION LABOR AND EXPENSE 35,871.02 34,024.06 121,955.72 109,539.88 - 10.18% STREET LIGHTING EXPENSE 6,799.51 9,779.82 16,627.25 28,406.76 70.84% METER EXPENSE 12,591.25 14,795.33 42,963.09 43,856.56 2.08% MISC DISTRIBUTION EXPENSE 30,154.36 31,795.62 81,911.70 86,260.06 5.31% METER READING LABOR 6 EXPENSE 3,254.48 1,045.58 11,026.42 5,040.36 - 54.29% ACCT & COLL LABOR S EXPENSE 104,316.38 122,722.86 364,441.99 390,661.82 7.19% UNCOLLECTIBLE ACCOUNTS 10,500.00 10,000.00 31,500.00 30,000.00 -4.76% ENERGY AUDIT EXPENSE 32,558.81 29,055.55 107,744.30 92,531.23 - 14.12% ADMIN 6 GEN SALARIES 67,215.62 63,891.79 225,991.98 204,242.87 -9,62% OFFICE SUPPLIES 6 EXPENSE 27,251.18 26,624.13 61,434.14 64,221.07 4.54% OUTSIDE SERVICES 61,252.60 13,599.10 70,634.39 78,658.45 11.36% PROPERTY INSURANCE 29,926.02 29,863.73 89,778.06 89,591.19 -0.21% INJURIES AND DAMAGES 3,305.95 4,511.34 9,480.60 10,631.92 12.14% EMPLOYEES PENSIONS & BENEFITS 172,913.94 221,356.62 832,793.43 764,003.11 - 8.26% MISC GENERAL EXPENSE 23,952.65 15,311.42 44,291.16 30,198.87 - 31.82% RENT EXPENSE 27,323.71 13,907.10 54,558.65 41,276.52 - 24.34% ENERGY CONSERVATION 35,810.00 28,744.36 81,145.00 65,496.16 - 19.29% TOTAL OPERATION EXPENSES 778,965.79 772,492.30 2,567,919.66 2,439,760.44 -4 99% MAINTENANCE EXPENSES: OF TRANSMISSION PLANT 227.08 227.10 681.24 681.30 0.01% OF STRUCT AND EQUIPMT 14,459.58 73,545.52 40,968.41 158,982.20 288.06% MAINT OF LINES - OH 121,256.10 158,559.21 359,467.03 415,951.27 15.71% MAINT OF LINES - UG 17,856.13 24,553.53 49,853.69 37,745.23 - 24.29% MAINT OF LINE TRANSFORMERS 71,367.07 20,945.46 73,450.55 27,842.96 0.00% MAINT OF ST LT 6 SIG SYSTEM (64.26) (16.34) (235.11) (138.04) - 41.29% MAINT OF GARAGE AND STOCKROOM 39,282.19 38,101.83 109,480.40 108,446.40 -0.94% MAINT OF METERS 3,026.99 0.00 7,602.46 0.00 - 100.00% MAINT OF GEN PLANT 13,230.77 35,144.66 32,243.84 72,311.27 124.26% TOTAL MAINTENANCE EXPENSES 280,641.65 351,060.97 673,512.51 821,822.59 22.02% DEPRECIATION EXPENSE 314,969.55 321,788.79 944,908.65 965,366.37 2.17% PURCHASED POWER FUEL EXPENSE 2,168,234.24 2,358,565.60 8,399,833.69 8,414,519.55 0.17% VOLUNTARY PAYMENTS TO TOWNS 116,666.67 118,000.00 350,000.01 354,000.00 1.14% TOTAL OPERATING EXPENSES 6,498,893.93 20,904,999.91 0.765 6,084,160.86 20,747,200.28 in TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 9/30/2014 OPERATION EXPENSES: PURCHASED POWER BASE EXPENSE OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMENT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES * ( ) = ACTUAL UNDER BUDGET SCHEDULE G ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 7,920,600.00 (11,069.04) -0.14% 7,909,530.96 129,050.92 143,690.00 (14,639.08) - 10.19% 34,898.30 26,837.00 8,061.30 30.04% 141,194.39 166,761.00 (25,566.61) - 15.33% 109,539.88 97,640.00 11,899.88 12.19% 28,406.76 21,097.00 7,309.76 34.65% 43,856.56 55,826.00 (11,969.44) - 21.44% 86,260.06 97,601.00 (11,340.94) - 11.62% 5,040.36 7,805.00 (2,764.64) - 35.42% 390,661.82 433,610.00 (42,948.18) -9.90% 30,000.00 30,000.00 0.00 0.00% 92,531.23 120,324.00 (27,792.77) - 23.10% 204,242.87 208,646.00 (4,403.13) -2.11% 64,221.07 75,300.00 (11,078.93) - 14.71% 78,658.45 114,155.00 (35,496.55) - 31.10% 89,591.19 113,352.00 (23,760.81) - 20.96% 10,631.92 12,714.00 (2,082.08) - 16.38% 764,003.11 798,924.00 (34,920.89) -4.37% 30,198.87 83,846.00 (53,647.13) - 63.98% 41,276.52 53,001.00 (11,724.48) - 22.12% 65,496.16 194,170.00 (128,673.84) - 66.27% 2,439,760.44 2,855,299.00 (415,538.56) - 14.55% 681.30 750.00 (68.70) -9.16% 158,982.20 120,283.00 38,699.20 32.17% 415,951.27 419,235.00 (3,283.73) -0.78% 37,745.23 32,739.00 5,006.23 15.29% 27,842.96 39,000.00 (11,157.04) - 28.61% (138.04) 2,470.00 (2,608.04) - 105.59% 108,446.40 132,001.00 (23,554.60) - 17.84% 0.00 15,607.00 (15,607.00) - 100.00% 72,311.27 42,207.00 30,104.27 71.33% 821,822.59 804,292.00 17,530.59 2.18% 965,366.37 972,999.00 (7,632.63) -0.78% 8,414,519.55 9,056,605.00 (642,085.45) -7.09% 354,000.00 354,000.00 0.00 0.00% -4.82% (1,058,795.09) 21,963,795.00 20,904,999.91 (12A) lk It TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 9/30/2014 (126) RESPONSIBLE REMAINING OPERATION EXPENSES: SENIOR MANAGER 2015 ANNUAL BUDGET ACTUAL YEAR TO DATE BUDGET REMAINING BALANCE BUDGET % PURCHASED POWER BASE EXPENSE JP 28,889,014.00 7,909,530.95 20,979,483 04 72.62% OPERATION SUP AND ENGINEERING EXP KS 583,668.00 129,050.92 454,617.08 STATION SUP LABOR AND MISC KS 108,848.00 34,898.30 73,949.70 77.89% 67.94% LINE MISC LABOR AND EXPENSE KS 657,259.00 141,194.39 516,064.61 78.52% STATION LABOR AND EXPENSE KS 398,849.00 109,539.88 289,309.12 72.54% STREET LIGHTING EXPENSE KS 82,907.00 28,406.76 54,500.24 65.74% METER EXPENSE KS 247,938.00 43,856.56 204,081.44 82.31% MISC DISTRIBUTION EXPENSE KS 402,885.00 86,260.06 316,624.94 78.59% METER READING LABOR & EXPENSE KS 30,922.00 5,040.36 25,881.64 83.70% ACCT & COLL LABOR & EXPENSE RF 1,705,333.00 390,661.82 1,314,671.18 77.09% UNCOLLECTIBLE ACCOUNTS RF 120,000.00 30,000.00 90,000.00 75.00% ENERGY AUDIT EXPENSE JP 488,284.00 92,531.23 395,752.77 81.05% ADMIN & GEN SALARIES CO 842,170.00 204,242.87 637,927.13 75.75% OFFICE SUPPLIES & EXPENSE CO 301,000.00 64,221.07 236,778.93 78.66% OUTSIDE SERVICES CO 351,650.00 78,658.45 272,991.55 77.63% PROPERTY INSURANCE KS 453,200.00 89,591.19 363,608.81 80.23% INJURIES AND DAMAGES KS 49,059.00 10,631.92 38,427.08 78.33% EMPLOYEES PENSIONS & BENEFITS KS 2,746,619.00 764,003.11 1,982,615.89 72.18% MISC GENERAL EXPENSE CO 240,727.00 30,198.87 210,528.13 87.46% RENT EXPENSE KS 212,000.00 41,276.52 170,723.48 80.53% ENERGY CONSERVATION JP 778,812.00 65,496.16 713,315.84 91.59% TOTAL OPERATION EXPENSES 10,802,130.00 2,439,760.44 77.41% 8,362,369.56 MAINTENANCE EXPENSES: �bwT OF TRANSMISSION PLANT KS 3,000.00 681.30 2,318.70 77.29% MAINT OF STRUCT AND EQUIPMT KS 484,026.00 158,982.20 325,043.80 67.15% MAINT OF LINES - OH KS 1,675,794.00 415,951.27 1,259,842.73 75.18% MAINT OF LINES - UG KS 130,694.00 37,745.23 92,948.77 71.12% MAINT OF LINE TRANSFORMERS KS 156,000.00 27,842.96 128,157.04 82.15% MAINT OF ST LT & SIG SYSTEM KS 9,745.00 (138.04) 9,883.04 101.42% MAINT OF GARAGE AND STOCKROOM KS 567,531.00 108,446.40 459,084.60 80.89% MAINT OF METERS KS 43,290.00 0.00 43,290.00 100.00% MAINT OF GEN PLANT RF 170,180.00 72,311.27 97,868.73 57.51% TOTAL MAINTENANCE EXPENSES 3,240,260.00 821,822.59 74.64% 2,418,437.41 DEPRECIATION EXPENSE RF 3,892,000.00 965,366.37 2,926,633.63 75.20% PURCHASED POWER FUEL EXPENSE JP 36,249,653.00 8,414,519.55 27,835,133.45 76.79% VOLUNTARY PAYMENTS TO TOWNS RF 1,416,000.00 354,000.00 1,062,000.00 75.00% TOTAL OPERATING EXPENSES 84,489,057.00 63,584,057.09 75.26% 20,904,999.91 (126) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 9/30/2014 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 4,647.24 35,000.00 2 LEGAL -FERC /ISO /POWER /OTHER INTEGRATED RESOURCES 13,800.06 34,575.00 3 NERC COMPLIANCE AND AUDIT E & 0 3,270.00 2,625.00 4 LEGAL ENGINEERING 0.00 3,375.00 5 LEGAL - GENERAL GM 50,013.95 13,251.00 6 LEGAL SERVICES HR 6,927.20 15,999.00 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL BLDG. MAINT. 0.00 2,580.00 8 INSURANCE CONSULTANT /OTHER GEN. BENEFIT 0.00 6,750.00 TOTAL 78,658.45 114,155.00 PROFESSIONAL SERVICES BY VENDOR ACTUAL MELANSON HEATH 6 COMPANY 2,170.00 PLM ELECTRIC POWER COMPANY 2,230.00 RUBIN AND RUDMAN 58,720.40 UTILTIY SERVICES INC. 3,270.00 CHOATE HALL 6 STEWART 1,117.20 WILLIAM F. CROWLEY- ATTORNEY 2,477.24 DUNCAN 6 ALLEN 8,673.61 TOTAL 78,658.45 (� 3) PI 19 GROSS DATE CHARGES Jun -14 Jul -14 3,287,589.94 Aug -14 2,768,364.01 Sep -14 2,358,565.60 7 RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 9/30/14 REVENUES 3,782,699.41 3,844,854.74 2,758,999.30 NYPA CREDIT (14) (35,898.34) (47,884.92) (73,836.15) MONTHLY DEFERRED 459,211.13 1,028,605.81 326,597.55 TOTAL DEFERRED 4,132,694.96 4,591,906.09 5,620,511.90 5,947,109.45 RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2014 DIVISION BUSINESS DIVISION INTEGRATED RESOURCES AND PLANNING ENGINEERING AND OPERATIONS FACILITY GENERAL MANAGER SUB -TOTAL PURCHASED POWER BASE PURCHASED POWER FUEL TOTAL ACTUAL BUDGET VARIANCE 2,472,060 171,827 1,188,179 1,138,216 194,665 5,164,947 2,531,391 349,069 1,212,605 1,260,707 216,782 5,570,554 (59,332) (177,242) (24,426) (122,491) (22,116) (405,606) 7,909,531 7,920,600 (11,069) 8,414,520 9,056,605 (642,085) 21,488,998 22,547,759 (1,058,761) (15) CHANGE -2.34% - 50.78% -2.01% -9.72% - 10.20% -7.28% -0.14% -7.09% -4.70% It It RMLDOO Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MAO 1867-0250 Tel: (781) 944 -1340 Fax: (781) 942-2409 Web: www.rmld.com November 4, 2014 Town of Reading Municipal Light Board Subject: S &C SCADA -Mate CX Switch On October 8, 2014 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and The Central Register requesting proposals for S &C SCADA -Mate CX Switch for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group JF Gray & Associates Hasgo Power Sales HD Supply MVA Power, Inc. ,,,, Bids were received fr WESCO Shamrock Power MetroWest Power Tech -UPSC Robinson Sales EL Flowers & Associates HD Industrial Services Genergy Siemens om WESCO, Graybar Electric Company and Stuart C. Irby. The bids were publicly opened and read aloud at 11:00 a.m. October 29, 2014 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2015 -06 for S &C SCADA -Mate CX Switch be awarded to: Stuart C. Irby for a total cost of $55,070.00 Item (desc.) Qty Unit Cost Total Net Cost Item 1- S &C Switch 2 $27,505.00 $55,010.00 Option #6 - Compressioni Connectors 2 $30.00 $60.00 as the lowest qualified bidder on the recommendation of the General Manager. ATTACHMENT 4 File: Bid/ FYI / S &C SCADA -Llate CX Switch 2015 -06 RMLD Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 The FY15 Capital Budget allocation for the purchase of these units under the Distribution Protection & Automation project was estimated at $69,000. Coleen,q'Brien Hami t Peter Price File: Bid / FY15/ S &C SCADA -Mate CX Switch 2015-06 [W., (D co \ 0 \ 0 < i; 2 / \ 3 co / / ) i e . } (0) U) k 0 )% $ m ,2 f ) \R2 [ f 8 U) U 6 w]e \ § E �tf f j . § . . n /)A k k 36§ k \ 0 4 E Qa § k k k 7ƒ { \ Ep t 7 i ( Q) (( @ w %{ § § ItE 0 /\{ (D ƒ � 4e w d qqq \§§ 999 c.§§ k- §J/ \�\ / 60 \ \ LO Ln _ / NN CN CN NCN ## $\ $$ - \§ \� ) _ �_ \ _ U9. _ \ © m 2 Q ) } 0 2 \ f _ � ± � « ID { } 0 L) u 0 0 b 0 ) \ E a / k ) u § sE E _ E 02 £vim t3 =3 k� /§ 0 %\k J t —§ 0) —& �C14 a ]E w®� \ E� 2 f U) co m U)0 020 (D co \ 0 \ 0 < i; 2 / \ 3 co / / ) RMLD 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 IM November 4, 2014 Town of Reading Municipal Light Board Subject: Single Phase Pole Mounted Transformers On October 8, 2014 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals Single Phase Pole Mounted Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group EDI Hughes Supply, Inc. Power Tech -UPSC Stuart C. Irby Bids were received 1 Company. WESCO Graybar Electric Company Yale Electric Shamrock Power Sales, Inc. Ward Transformer Sales Jordan Transformer Hasgo Power Robinson Sales HD Supply MVA Power, Inc rom WESCO, Power Sales Group, Stuart C. Irby and Graybar Electric The bids were publicly opened and read aloud at 11:00 a.m. October 29, 2014 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2015 -08 for Single Phase Pole Mounted Transformers be awarded to: Power Sales Group for a total cost of $3,300.00 Item (desc.) Qty Unit Cost Total Net Cost Item 1(5 Kva) Howard 6 $550.00 $3,300.00 WESCO for a total cost of $75,880.00 Item (desc.) Qty Unit Cost Total Net Cost Item 2 (37 1/2 Kva) Cooper Power 40 $1,204.00 $48,160.00 Item 3 (50 Kva) Cooper Power 20 $1,386.00 $27,720.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid /FY15 /1PH Pole Mounted TR 2015 -08 RMLD (0) Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 The FY15 Capital Budget allocation for the purchase of these units under the Transformer project was estimated at $84,000 for 60 units. This quantity will bring the RMLD inventory back up to the necessary level. The total for this bid is $79,180. Coleen O'Brien File: Bid /FY19 /1PH Pole Mounted TR 2019 -08 il 19 W" a !� = N N N t G Q 'm O h h G 0 0 0 O G U W y . a a O G N N N U U ap y E QI N N N Q T W T to T ll al G y O � N co T T C O avi m m `o �n Q EL Lo U O O `m m d a 7 T T aNi T w c C n 0000 O O O O 0000 0 0 0 0 0 0 0 0 0 0 0 0 _ Z C0o0(o 0000 0000 00 CO N Cfl O N N CO O CO her Cfl MIli lqiN Cn )ON j OU Cl) O t` EA -4 N m r M Cn Lo 4-31 LO MO 'r IT P- N 69 LO M0) V > !� f9 w 04 K3 to 69 64 6A 69 =p O N O V N O cuc_ c E 51 V V N O O O O 000 O O O Y O O O O O O O O O p (� M O co O 07 � CO O NN y CONM NMI rl- V CO 64 —7 j64 a� r 000 000 000 Q Q 0 Q Q O 0) N N N N N to to to m N 4) 4) O N (D N N N c � 3 ;; ; 3 3 3 3 3 c CO t0 0 tOOO OOO t 0 O E L L c 0 N 0 0 0 0 0 0 .0 "o "o O O O y m a a, a to cu m Y) C) CL p 0 0 C nao. o O 0 o o = x x C C C U U w ' L) C.) UUU 70 N G N d U Y Y Y " Y— d u > > > Y H u >�Y Y�o aNi �Y d Y�0 to no _Y �O uJ ow y C) N M d N CO t i N M N M d w E E E 3E EE IEEE t>o EEE c,� m to 00 0 (D a) (D (D t� 2 t7 a N C Q H 0 x o_ 0 0 N RMLD 2M Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MAO 1867-0250 Tel: (781) 944 -1340 Fax: (781) 942-2409 Web: www.rmid.com November 4, 2014 Town of Reading Municipal Light Board Subject: Three Phase Pole Mounted Transformers On October 8, 2014 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals Three Phase Pole Mounted Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO EDI Yale Electric Hughes Supply, Inc. Ward Transformer Sales Power Tech -UPSC Hasgo Power Stuart C. Irby HD Supply Bids were received from WESCO and Power Sales Group. Graybar Electric Company Shamrock Power Sales, Inc. Jordan Transformer Robinson Sales MVA Power, Inc The bids were publicly opened and read aloud at 11:00 am October 29, 2014 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2015 -09 for Three Phase Pole Mounted Transformers be awarded to: WESCO for a total cost of $79,096.00 Item (desc.) Qty Manufacturer Unit Cost Total Net Cost 1(45 kVa 13800 A 277/480) 1 Power Partners $3,575.00 $3,575.00 2 (75 kVa 13800 A 277/480) 1 Power Partners $4,189.00 $4,189.00 3 (112 kVa 13800 0 120/208) 6 Power Partners $4,870.00 $29,220.00 4 (150 kVa 13800 0 120/208) 6 Power Partners $6,136.00 $36,816.00 5 (150 kVa 13800 A 277/480) 1 Power Partners $5,296.00 $5,296.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid/ FYI 5 /3PH Pole Mounted TR 2015 -09 RMLD Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 The FY15 Capital Budget allocation for the purchase of these units under the Transformer project was estimated at $60,000 for 10 units. This quantity was intended for commercial projects and to bring the RMLD inventory back up to the necessary level. The Department will actually need 15 units to bring the inventory up to the necessary level, at a cost of $79,096. Coleen O'Brien Peter Price File: Bid /FY15 /3PH Pole Mounted TR 2015 -09 • F] • m a N N C Q K N a° a rn 0 0 N a - IY+ N 3 N O @ N N N m T � T T T c ¢ h E L � �Q w NT LL R C C C ) O U y C W ti 0 E — R D. O O N a 1 O G O U N N (OD N N N N m T � � 1. 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Box 150 Reading, MAO 1867-0250 Tel: (781) 944 -1340 Fax: (781) 942-2409 Web: www.m- dd.com Town of Reading Municipal Light Board Subject: 750 MCM Cable On October 15, 2014 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and on October 13, 2014 in the Commonwealth of Massachusetts' Good and Services Bulletin requesting proposals for the 750 MCM Cable for the Reading Municipal Light Department. Specifications were emailed to the following: The Okonite Company WESCO Yale Electrical Supply Graybar Electric Company Arthur J. Hurley Company Hasgo Power Pirelli Cables & Systems Shamrock Power Sales Inc. Power Sales Group HD Supply, Inc. Hendrix Wire & Cable Corp Champion Wire & Cable Anixter Wire & Cable Yusen Assoc E.L. Flowers General Cable USA Power Cable Eupen Cable Power & Tel. Enterprise Stuart C. Irby Bids were received from Stuart C. Irby, Arthur J. Hurley Company, Yale Electric East, LLC, The Okonite Company and WESCO. The bids were publicly opened and read aloud at 11:00 a.m. November 3, 2014 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2015 -11 for 750 MCM cable be awarded to: Arthur J. Hurley Company, Inc. for a total cost of $139,590.00 Item Quantit Description Total Cost 1 9,900' 750 MCM CU 15 kV concentric neutral power cable $139,590.00 as the lowest qualified bidder on the recommendation of the General Manager. This purchase is to replenish inventory that was used for two cable faults on circuits 3W14 and 3W6. Coleen O'Brieq Peter Price File: Bid/ FY15/750 MChI UG Cable /2013 -11 m a vi N T m Q d U U Lo Lo N Y U N L -p U p d m m aNi aNi w � �m Uo p d d d d d Q w E U T T T C T LL LL O O O O O N O aD N O O p U O m cc N ao O CO Cl) In a0 N N (O N OI t1 ap O) N p r F- 0 0 0 0 0 N Q Q Q N Q l � N Y Y N N Y N Y N N O N O 0 � N N y L m c c cu L m �p 0 U 0 E N U <0 c c 0 a c f0 0 C7 U U U U U U C C U C U C U C U C C c C C U C m U U U U J U CL U U U U N U E a T U yU cU ` VU w 2U C) W i N � N 0 Z Y N 0 CD Z W N 3 0 z V U W 0-0 = r- U ^ U ^ co co W r-- U Ip r O 3 O O O N O to 3 C rn 3 m 3 rn 3 } m 3 ci r t °' 0 CL 0 °' 0 m 0 m d Cb t: °a 1� m m a)a) _ c a5 = c Q)(D = c 0)(D = c a)a) = c m a vi N T m Q d U U Lo Lo N Jeanne Foti 'rom: Jeanne Foti ent: Thursday, November 13, 2014 7:50 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 September 26, October 3, October 10, October 17, October 24, October 31 and November 7. Payroll — No Questions October 6, October 20 and November 3. This e -mail will be printed for the Board Book for the RMLD Board meeting on November 21, 2014. Jeanne Foti jading Municipal Light Department ,,ecutive Assistant 230 Ash Street Reading, MA 01867 781 - 942 -6434 Phone 781 - 942 -2409 Fax Please consider the environment before printing this e -mail. E, co N M f, N o N o tD M o O � O a co m 0 1P 00 O N N DD c0 O a m � r V 1n N 17 00 O O r N O O O N J D CL N p1 V) Vi Q1 V) w {p V) r ry M M o 0 ° � N N � N o h O N -0 0 0 O0 a) M r 1G N 0 r n O NN 64 r N V) z b N O 1") EH p0) 0 0 M w � H W E L d N N N h 0 N O c2 to J Y O O O C5 00 N O O V) O O 1N0 CJ 01 ap N o v m O O o Y = O WNO 17 1vMj M (2 N 10(1 O N 0) n p 6 N fZ b9 f9 9 J Q L U � K N � 3 0 ? ° Ooh Y aor J " O V1 r C J N A U L y N N 1n T w Y 00 O Y L CO) O r V! 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