The URL can be used to link to this page

Home My WebLink About2015-01-29 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 RE („ C I Y ED January 29, 2015 TOWN C L E R K Start Time of Regular Session: 7:32 p.m. READING, MASS. Si, End Time of Regular Session: 9:40 p.m. Commissioners A % 50 David Talbot, Chairman Philip B. Pacino, Vice Chair, Secretary John Stempeck, Commissioner Thomas O'Rourke, Commissioner Staff: Coleen O'Brien, General Manager — Absent Hamid Jaffari, Director of Engineering and Operations Bob Fournier, Accounting/Business Manager Jeanne Foti, Executive Assistant Jane Parenteau, Integrated Resources Manager Citizens' Advisory Board (CAB): Dave Nelson, Vice Chair Climate Advisory Committee: Ron D'Addario, Member Michael Scola, Associate Member 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 acknowledged CAB Member Dave Nelson and Climate Advisory Committee members Ron D'Addario and Michael Scola. Chairman Talbot reported that Vice Chair Pacino will be the Secretary for this evening's meeting. Public Comment There was none. Report of the Chairman Update on Vacancy RMLD Board Chairman Talbot reported that there is one candidate for the vacancy of the RMLD Board. Chairman Talbot stated that the meeting where the candidate would have been considered and presumably appointed had been cancelled due to the snow. The consideration will be taken up again next week. Photovoltaic Discussion — Establishing a process for local siting Chairman Talbot reported that the RMLD would like to move forward in the community to investigate how to do portable tanks, solar power to the extent possible in the district. This is something that Ms. O'Brien and Ms. Parenteau have been working on. Chairman Talbot stated that his understanding is that one of the key considerations going forward is that you need to have a site and only then you can really crunch the numbers to see what models could work. Chairman Talbot said that he only wanted to put that out there, that this is something that only the Board had discussed and perhaps getting citizen input could help find sites that could be town, state or DOT land, right -of ways, MBTA right -of -ways anything goes. Chairman Talbot stated that we may need help identifying what could be a possible site. Ms. O'Brien asked Ms. Parenteau to give an update on some of the customers and towns that the RMLD is working with for photovoltaics. Ms. Parenteau reported that in the past the RMLD had actively worked with the town of Reading when Mary DeLai was employed with the town as well as the Town Manager and Planning Department. Ms. Parenteau stated that she was recently contacted by Jessie Wilson of the Reading Community Planning and Development Department and will be meeting with the area Metropolitan Area Planning Commission. Ms. Parenteau said that they went out with an RFP for a solar developer which was recently awarded to Blueway. A meeting will be scheduled to look at the sites that were reviewed previously to determine if the economics is there. Ms. Parenteau reported that one of the problems with siting some of the solar for municipals is that the RMLD's rates are really lower than that of an Investor Owned Utility which make the economics that much more difficult. Regular Session Meeting Minutes January 29, 2015 Photovoltaic Discussion — Establishing a process for local siting They are going to look to see if there are any creative ways to do that, additionally we have been meeting with various developers exploring options tq take the RMLD's existing Green Choice Program and to put something tangible within the service system. Ms. Parenteau said ideally we would like four sites in the towns that the RMLD serves and are trying to develop the economics of how do you site the photovoltaic, how do you set up the program so customers can sign up for this and they gaglually rgceive the credit with either an initial capital investment or something at a monthly basis to offset the credit. Ms. arenteau stated that they are working on those factors and have met with four or five developers going back and forth and it always comes down to do we have a site that is available. Ms. Parenteau reported that with the current SREC Program the value of those SRECs are determined by the type of site. The DOER does not want land being occupied for this so that has less or no value. We are looking at carports, rooftops, brownfields which are all viable candidates and are very limited as well within the RMLD's service territory. Ms. Parenteau stated that there are a lot of factors that go into this and they are trying to work and develop those programs. Ms. Parenteau said if anyone has any ideas that they are glad to work with them. Chairman Talbot asked where the school department was with this right now. Ms. Parenteau replied that they met and looked at various buildings within the town of Reading. The MAPC had to go out for a second bid because that actual developer had defaulted. Ms. Parenteau said that a lot of the buildings had roof issues in terms of the age of the roof or the way it is facing. Ms. Parenteau reported that at the last meeting they were looking at the hockey rink, but they had not gotten very far and believes that they are going to follow up with the town to investigate further. Chairman Talbot asked what input from the public if any would we need, what leg work do we need done that we do not have the capacity to do to help find sites. Chairman Talbot said the notions that he has had the DOT and MBTA right -of -ways that go through our towns, there could be land at the margins, there is also the big box stores, a huge parking lot at Jordan's and Home Depot there is a lot of space out there. Chairman Talbot asked if this is something that they would have to do themselves or could we put something together that would be mutually beneficial. Ms. Parenteau replied that it would have to be a win, win situation for everyone and would have to something that would fit within RMLD's structure. Ms. Parenteau stated that you have to develop a program that customers are willing to participate in, if we have something tangible than that is one step better than having a Green Choice Program where they are supporting renewable projects that may not be located in our area. Ms. Parenteau said that cost and site are really the two main factors that we need to look at. Chairman Talbot asked then you can't look at cost unless you have sites. Ms. Parenteau replied, correct. Chairman Talbot asked if we need sites what the process for finding them would be. Commissioner Stempeck asked if wetlands were off limits because the town of Reading has a huge amount of wetlands. Ms. Parenteau replied that she is not an expert in that field. Chairman Talbot said that informally there are some gentlemen attending the meeting who have an interest in this issue and asked if this was one topic that they could follow up with offline and then asked Ron D'Addario of the Climate Advisory Committee to speak. Mr. D'Addario introduced himself as the temporary Chair of the Climate Committee in the absence of Dave Williams. Michael Scola introduced himself as a town resident and as someone who volunteers his time with the Climate Advisory Committee. Mr. Scola stated that some of the topics the group has decided to go for was the MBTA Commuter Rail station in town maybe with a solar canopy. Mr. Scola said that he had some submittals for solar canopies that he had received at a DOER convention in Boston. Mr. Scola has also identified approximately nineteen exterior lights at the library project which was just awarded to Griffin Electric and asked at a meeting if he could go forward with a substitution request. Mr. Scola reported that he had a company out of Florida draft a plan of the land of the library as to whether it would be a go or not and that there were some possibilities. Mr. Scola said what was talked about earlier about the ice rink and the right -of -ways at the train station that there are a lot of linear feet that is south facing that they have some ideas that the Board may be interested in. Chairman Talbot wondered if it would be sensible for inquiries to be made with MBTA or DOT about that land that Mr. Stempeck was mentioning and bring it back to the Department at the next meeting or the one after that. Chairman Talbot stated that this has to be something where every couple of months we can check in, keep it going offline and then bring it into the meeting. A process for asking about different areas that to our common sense could be used for this purpose. Mr. D'Addario said that this is something that the Climate Committee is excited to help and that a lot of times while doing these projects their group has not been utilized that well by the town. Mr. D'Addario stated that they have expertise looking for a place where they can have an impact and if the group could be a help to Ms. Parenteau to check out the wetland situation and what is possible or working on the MBTA right -of -way. Mr. D'Addario mentioned that it would be good to meet to understand the situation better. Mr. D'Addario reported that they were a little involved with the study group that came and one of the recommendations was the solar farm. Mr. D'Addario said that his group would welcome the opportunity to work with the RMLD and make something happen. Regular Session Meeting Minutes January 29, 2015 Photovoltaic Discussion — Establishing a process for local siting Chairman Talbot stated that he would defer to the General Manager on process and just wanted to bring this up and if there is a role for members of the public to interface with staff it is really up to Ms. O'Brien and would move it online from here. Chairman Talbot asked Ms. Parenteau that with everything he is reading, the pries are dropping at an exponential rate, we know that our transmission costs are rising, peak costs a lot so when the economics now are close or not there, ten years out does that change to the point where the RMLD could do this directly. Chairman Talbot asked is it possible to do that analysis where if we procured and subcontracted the construction we actually own generation again. Ms. Parenteau replied, that she and Mr. Jaffari are looking at that as well and are going to Middleborough next week to look at distributive generation. Ms. Parenteau said that they will be presenting options to the full Commission for voting in terms of Capital Projects to include return on investments and those types of factors so the Board can make those decisions based on the numbers that they have. Mr. Stempeck mentioned that one of his clients is out in Shirley, MA and there are acres of PV panels. Ms. Parenteau said that location is really specific and right now the DOER is shying away from the ground mount because it is taking up a lot of space. Ms. Parenteau stated that they really want you to look at rooftop canopies so things of that nature have more value, it is based on where we are located and we are working with a lot of our commercial customers to maybe lease space. There are opportunities, but again you have to delve into the numbers and make sure that it makes sense as an opportunity for the light department and our customers as well. Chairman Talbot asked that long term and as the numbers get better and private parties are doing it themselves as they are now, the more that happens the more it erodes our revenue. Ms. Parenteau replied that it has to be put into the model when we make those investments we have to recover those monies and the only way for the RMLD to recover those monies is through our rates. There is a rate impact associated with all those things, solar is one of those things where as a system we are peaking four or five o'clock in the afternoon so when you put up a megawatt worth of solar for peak you are getting about 250 kilowatts worth of reduction. Ms. Parenteau said that this is an option taking the portfolio approach where we do not put all of our eggs in one basket. We are looking at a peak demand reduction program, distributive generation, solar and battery storage, which are definitely some interesting things going on. Mr. Stempeck said to Mr. D'Addario's point if individuals were allowed to invest in a project that would certainly help with the economics, they would get a return on investment on an individual level as well as the four towns. Ms. Parenteau stated that she would be happy to attend one of their meetings to work out the logistics and noted that RMLD employee Laurie Ann Sylvia is a member of the Climate Committee and is a very good conduit for sharing what goes on. Mr. D'Addario praised Ms. Sylvia for her help and professionalizing the committee with her administrative capabilities and her contacts and that she is a huge asset. Chairman Talbot thanked Mr. D'Addario. Update On LED Streetlight Replacement Program Ms. O'Brien reported that all the pilot locations have been completed and have met with all of the towns. Ms. O'Brien stated that all of the town managers are happy with the locations that were selected, with minimal feedback. There has been some directional adjustments where some of the lights may have been tipped a bit, but not very many. Ms. O'Brien said that in this pilot program we will continue to take comments and what we are doing with other lights is that we are still buying bulbs not the heads. If the bulb burns out it will be replaced until we get to the point where there is a vote to go forward with the LED Conversion Program which is tied in with the grant that the RMLD received. The RMLD will then go out for an RFP using lighting standards that generally utilities use for streetlights and it depends on the type of surface, the width of the road, and whether or not it is residential or commercial area. Just as the original streetlights where put up every 150 feet, correlating with pole placements while completing this conversion anything that falls out of the standard for illuminating a list will be sent to the town for them to make the decision. We can tell them what the standards are but if they want extra lights or not that many lights that liability is with them. Ms. O'Brien stated that North Reading still owes the RMLD a list of streetlights that were specifically shut off and the RMLD needs to know whether or not they will be replaced with LEDs or if we are taking them down altogether. There really has not been any complaints for the most part people and the police like them, it is a successful program thus far. Chairman Talbot stated that the backdrop to this is that he had asked Ms. O'Brien and Mr. Jaffari about a couple of instances where lights were directly across the street from each other and did we really need to have both of them. This is an • opportunity to take away a light if it is not needed, it saves the RMLD $500 and saves the town the expense of the electricity. Mr. Nelson asked if someone wanted to respond as to what they think of the lights there is a Gmail link on the website. Ms. O'Brien replied, yes. Ms. O'Brien said that the RMLD does not want to make any assumptions as to what lights are kept. Regular Session Meeting Minutes 4 January 29, 2015 Update On LED Streetlight Replacement Program Chairman Talbot stated that the perfect example is right here on Ash Street. Right across the street there are two streetlights about twenty feet away from each other and does not understand how that could be. Mr. Pacino stated that we make sure that if we take a light out that we are not endangering the public safety. Chairman Talbot said that all we are doing is letting the town know do you really want to have lights every 150 feet or all in this one spot or across the street which is anomalous to the rest of the street. Mr. Pacino stated that many years ago we did get a request that certain lights be turned off in town and that the Department did have verification with the town to do that and someone here on Main Street where there was a tragic accident and we all got sued. Chairman Talbot said that was a different issue, shutting off one that was up there in sequence, he was talking about alerting the town when there is two next to each other that does not conform to any standard. Charter Review Changes Nothing at this time. Approval of Board Minutes July 24, 2014 Mr. Pacino made a motion seconded by Mr. Stempeck to approve the Regular Session meeting minutes of July 24, 2014 as presented. Motion carried 4:0:0. September 17, 2014 Mr. Pacino made a motion seconded by Mr. Stempeck to approve the Regular Session meeting minutes of September 17, 2014 as presented. Motion carried 4:0:0. General Manager's Report — Ms. O'Brien — General Manager Update on Organizational and Reliability Study Ms. O'Brien reported that on January 8, the RMLD held the annual T -Shirt Award Ceremony three out of the four commission members were in attendance. The children were very excited to describe their t -shirts that represented electric safety and electric conservation. Ms. O'Brien said that it was a fun night and Mr. Pacino the longest running attendee at twenty years, the kids were very happy and the awards will help the school's art programs. Ms. O'Brien reported that on January 21, she and Mr. Jaffari attended a MAPPO meeting on surplus property disposition that was presented by the Inspector General's Office where we brought some of our questions and it was a very well attended and informative meeting. Ms. O'Brien reported that on February 2, she is meeting with the new Town Administrator, James Boudreau in the Town of Lynnfield. On February 9, Leidos who is doing our Organizational Study will be coming back to the RMLD for two days to discuss the current situational report which is in draft form. Mr. Jaffari reported that the Reliability Study is ongoing. Booth & Associates assessing the current situation and the firm has been asking for data on the lines, substations, status of the system. The big ticket item will be designing an appropriate foundation for the smart grid, which depends on accuracy of GIS information. Currently, they are performing the gap analysis to develop the right model. The GIS database is incomplete and inaccurate. We are working together trying to build the template and model that is right for RMLD. Mr. Jaffari stated that among the three options like ArcFM, MultiSpeak, and Milsoft we are trying to pick the best fit without going to a major expense. Something that can be usable by all other interfaces. Mr. Jaffari reported that this process is going well and he is pleased with the findings and recommendations that they are going to bring forward and he is looking forward to the recommendations that the RMLD can use. Mr. Jaffari said that they had also talked about the need for a new substation in Wilmington that will be recommended for construction in 2018, 2019 & 2020. In the year 2018 we will start the search for the land, property, and permitting, 2019 for purchasing the equipment (i.e. transformers and switchgears) and 2020 for commissioning. Chairman Talbot asked if they are indicating on the GIS exactly where the existing streetlights are. Mr. Jaffari replied, that he has asked them to give us the list of the primary attributes and the secondary attributes. The primary attributes are the ones that we need immediately, such as Milsoft for the engineering models. The secondary attributes are the ones for maintenance, data, record keeping, including the streetlights, the age of the poles, how many anchors, pole attachments and stuff like that, which are not being used in a general databases for interface with the other technological Sub systems we will be using. Mr. Jaffari stated they will come in handy for statistical reasons and follow up maintenance. Regular Session Meeting Minutes January 29, 2015 General Manager's Report — Ms. O'Brien — General Manager Update on Organizational and Reliability Study Chairman Talbot asked if the streetlights were in the GIS right now. Mr. Jaffari replied, that unfortunately the database has 4W not been kept up -to -date and we do not trust the data. However, having said that he would guess that maybe 50% to 60% of the street light information is there. We asked Booth & Associates to inspect GIS data and look at what is there, what's not there and what we need to add. They are in the investigation phase trying to pick the right template with required attributes. Chairman Talbot asked that when they aren't being replaced, can you hit a button and get the GPS coordinates. Mr. Jaffari replied, yes and you will be able to see the picture of every pole as well. Mr. Jaffari stated that they have already investigated to see what the best approach to collect all data. They will recommend to whether it would be best to build on to what we already have or start the data collection from the beginning. Mr. Jaffari said that based on discussion held with the experts the best approach would be to start collecting data from scratch. Quotes have been received coming in between $400,000 to $600,000 to collect data in the entire system. Mr. Jaffari reported that this is money well to be spent because GIS data is the basis for engineering analysis, which can eliminate the need for hiring consultants in the future as well as developing the foundation for the future distribution automation, demand response, distributive generation, photovoltaic system, and outage management system. All of these subsystems will be operating from the SCADA. Ms. O'Brien stated that some of the data was collected a while ago but then there was a lack of keeping it up to date and then some of the data to make it filled in was default data. Now you have a combination of what's as built, what's not as built, so what Mr. Jaffari is talking about is that the attributes of the lines where you are doing voltage drop calculations based on the wire sizes is one and then you have all the other attributes like the pole attachments which are other layers of what you would use in an analysis. Ms. O'Brien said that it gets to the point where so much has changed from when they first started collecting the data that you do not know what is real, default, or missing. Ms. O'Brien reported that we will collect the streetlight data again when we go out to each pole, the age, height, anchors just soup to nuts on every pole. That is GPS latitude and longitude, then overlay it over the Assessor's map and that is the start of the layered map. Mr. Jaffari stated that they are also going to take a picture of every pole to have it in the database. Ms. O'Brien stated that you click on it and will be able to see a picture of the pole. Mr. Jaffari reported that this will be done for identification purposes. The Department has created two processes in order to keep data up -to -date moving forward. The first process is the data collection of all assets we have out there now and the second process is keeping the GIS updated moving forward so that we do not have to go back and do this five years down the road. Mr. Jaffari said that any new construction that is being designed is supposed to have a GIS drawing attached to the work order. Any changes made out in the field once implemented will be marked up as built drawing, which will be brought back to the GIS analyst to update the database. This way the RMLD will not fall behind. Mr. Jaffari stated that keeping this information updated will be an ongoing process to make sure that we have reliable data and this does not happen again. Mr. Stempeck commended the RMLD for performance during the recent mega storm Juno, as he understands response was ready but the reliability seems to have been built in. This makes it so obvious that nothing happens and is so difficult to get to that point. It takes a lot of investment to make it that obvious with the tree trimming, the poles and eliminating snow. Ms. O'Brien said that she would like to thank the state, the driving ban really helped with pole hits which are a big part of storm damage. Mr. O'Rourke thanked Ms. Foti for providing support during the storm making sure the staff had food to eat and all the support for all that she does. All Commission members thanked Ms. Foti as well. Mr. Jaffari thanked all staff for being well prepared and ready to hit the roads if it was necessary. Mr. O'Rourke asked if there was a process and timeline for the Organizational and Reliability Studies to come before the Board. Ms. O'Brien replied that will take place later in March and that right now we are reviewing and making sure that they have captured all the changes. Mr. O'Rourke asked if they were coming in February. Ms. O'Brien replied yes, to discuss the current situation and that the current situation isn't necessarily the recommendation it is what you have and then the next step will be what you need to do and that we are approaching the first step right now. Mr. O'Rourke asked if in March or April they would see the report. Ms. O'Brien replied that the storm has put this process about a week behind and that were supposed to be here this week and it has been put off until February 9. Ms. O'Brien reported that the RMLD will give a presentation to the Board at the next meeting on the Peak Demand Reduction Program where on January 22 the RMLD put on their first customer invited Peak Demand Reduction presentation with a total of sixteen customers in attendance, this was a lunch and learn workshop. Ms. O'Brien stated that Tom 011ila did a fantastic job as the RMLD's Peak Demand Reduction Program and Energy Efficient representative, there were also representatives from Tangent. Ms. O'Brien said that this is where we give the customer incentive for curtailing and helping the RMLD with our peak. Ms. O'Brien asked Ms. Parenteau to give a brief synopsis of what occurred during the workshop and said that at the next meeting have Tom 011ila give a brief slide presentation. Regular Session Meeting Minutes January 29, 2015 General Manager's Report — Ms. O'Brien — General Manager Ms. Parenteau reported that they have been working on this Peak Demand Reduction Program since June 2014 where they have developed a marketing side to the program where they go out to visit the customer. They currently have over twenty customers who have signed up for this voluntary program where customers get notification on a monthly basis when the RMLD is approaching a transmission or system peak. Ms. Parenteau stated that the system peak occurs during the summer time while transmission peaks occur every month. The notification is via email with a two hour window where they are asked to do some low reduction programs. There are some measure and verification tools that the RMLD is currently utilizing, the customers have access to a dashboard where they can actually see the reduction graphically on their site which has been very well received. Ms. Parenteau said that the hope of this program is that we share the savings with the customer, the customer keeps fifty percent of the savings on a monthly basis during the transmission and capacity peak. As transmission and capacity is significantly projected to increase in the upcoming years the RMLD finds this to be a very important program for the customer to get their feet wet and achieve some savings. Ms. Parenteau stated that the RMLD also receives fifty percent of the savings and this benefits all of the customers. Ms. Parenteau reported that the towns have been approached where North Reading and Reading have signed up, Wilmington is a little busy right now with their new high school coming online but is hopeful to get them on board. The RMLD is starting with the large customers and will then gear this down to the smaller customers as well as the residential customers. Ms. O'Brien asked if this program will be offered quarterly. Ms. Parenteau replied yes, this will be a quarterly program and in addition there will be video tapes in hopes to update the video on the RMLD website for employees, Board members and customers to get a feel for what the program entails. Ms. Parenteau said that they are trying to make this program seamless with ease of implementation so even if you raise that thermostat a few degrees for one half hour instead of one full hour you will still get some reduction. Ms. O'Brien thanked Ms. Parenteau and her group for a great job. Power Supply Report — December 2014 — Ms. Parenteau (Attachment 1) Ms. Parenteau reported that RMLD's load for December was approximately 59 million kilowatt hours, which is approximately a 3% decrease compared to last December. RMLD's energy costs for the month was approximately $2.75 million, equivalent to around $0.047 per kilowatt hour. The December Fuel Charge Adjustment was set at $0.05 per kilowatt hour and as a result, RMLD under collected by approximately $82,000 resulting in the Deferred Fuel Cash Reserve balance of $5.8 million dollars. RMLD purchased 10% of its energy requirement on the ISO spot market at an average cost of $26.32 per megawatt hour. On the capacity side, RMLD's peak demand for December occurred on December 8 at 109 megawatts. This is compares to last December's peak at 116 megawatts. The monthly requirement for capacity was set at 209 megawatts and total capacity dollars for the month of was $1.4 million, which is equivalent to approximately $7 per kilowatt month. RMLD's December capacity and energy average costs were approximately $.07 also for the month of and December 14.2% of RMLD's energy was purchased from hydro generation. As of December 2014, RMLD had received 16,513 Renewable Energy Certificates (RECs) with the current estimated market value of approximately $980,000. RMLD's cost for transmission for the month of December came in at about $812,000 which is a 13% increase from November 2014. RMLD processed one hundred sixty -eight residential rebates totally $9,000. Additionally, thirty -one residential customers received energy audits at a cost of $6,200.00. The projected energy reduction on the residential side year -to -date is 156 kilowatts for capacity and about 99 megawatts hours. On the commercial side ten commercial rebates were processed for approximately $72,000. The projected capacity reduction on the commercial side is 239 kilowatts and 608 megawatts hours for both residential and commercial. Ms. Parenteau reported that the $250,000 LED grant awarded by the DOER will be received over the next 1.5 years, $125,000 will be geared towards the new LED streetlights and the balance will be split between the commercial and residential customers. The sum of $75,000 has been earmarked for the commercial side focusing on interior and exterior LED upgrades, $50,000 has been earmarked for the residential side where the RMLD is working with a vendor to upload an RMLD online store to make LED light bulbs available to customers at a discounted value. The administrative cost for the online store access is just under $5,000 and hopes to have $45,000 worth of reduction in cost for the residential customers. Engineering and Operations Update — December 2014 — Mr. Jaffari (Attachment 2) • Mr. Jaffari reported on the December capital improvement projects, construction projects, new customer service connections, special projects and routine construction. Mr. Jaffari stated that the Routine Construction project category is $980,383 year -to -date in the month of December. Regular Session Meeting Minutes 7 January 29, 2015 Engineering and Operations Update — December 2014 — Mr. Jaffari (Attachment 2) Mr. Jaffari reported on the Maintenance Programs, which each plays a major role in the system reliability. These programs are: I%wAged/overloaded Transformer Replacement Program: we are making progress in replacing the aged padmounts and overhead transformers upgrade. Pole Testing Program system -wide: Last year RMLD tested 645 poles of RMLD owned poles, which 390 passed, 233 failed of which 21 have been replaced to date and 14 transfers have been completed to date. Approximately 22 poles were condemned and all 22 were replaced immediately. 13kV and 35kV feeders quarterly inspections for the month of December: No problems were found. Newly instituted Manhole Inspection Program: under this program, RMLD's underground assets will be checked to make sure they are safe and secure. Though the program has not yet taken off, fifty of 1,225 identified system wide manholes have been inspected at 4% complete to date. Porcelain Replacement Programs: This is an on -going program and there are 317 porcelain cutouts remaining to be replaced which brings the program at 88% complete to date. Substations monthly Infrared Scan Program: This is a great program because it identifies any possible potential failure of parts and devices at our substations as well as the major industrial parks in our system. For the month of December: UPG has completed testing 95% of our breakers, transformers and relays in all three substations. Thus far there are only two more breakers left to do. We are waiting on some parts for these two breakers before they can be tested and then this program will be 100% complete. Mr. Jaffari reported that there are other maintenance programs such as the Step -down Area Upgrades which is on hold due to inclement weather conditions. Mr. Jaffari reported on the double poles situation to date: There are 424 double poles system wide in NJUNS database of which 41 are in RMLD's database waiting for transfer and the rest are in the Comcast or Verizon cue to be transferred so they can be removed. The RMLD through the new program continuously checks the status of these poles. System Reliability Report: Mr. Jaffari reported on the System Average Interruption Duration Index ( SAIDI), System Average Interruption Frequency ( SAIFI) and the Customer Average Interruption Index ( CAIDI) stating that the RMLD is well below the national and regional average for SAIDI and CAIDI but the SAIFI is slightly above the regional average for 2014. This is due to unusually high number of vehicle accidents that we experienced in 2014. Mr. Jaffari reported on the causes of outages for the month of December, 30% were equipment failure, 20% were wildlife and trees were about 32 %. Mr. Jaffari is hopeful that with the new tree trimming program that has started this year these numbers will go down. Mr. Jaffari stated that Mayer Tree services is doing an exceptional job, they will also be providing the RMLD with IVM plan by March which will be presented to all the communities tree wardens to start the eight foot cut. Financial Report — December 2014 — Mr. Fournier (Attachment 3) Mr. Fournier presented the December Financial Report which represents the first six months of fiscal year 2015. The month of December change in Net Assets resulted in a net loss of $121,000 which decreased in the year to date Net Income approximately a little over $3 million. Year to date budgeted Net Income was approximately $3.9 million with the resulting Net Income being under budget by approximately $843,000 million or 21 %. Actual year to date Fuel Revenues exceeded Fuel Expenses by about $1.6 million. Year to date Base Revenues were under budget by $202,000 or 1.8 %. Actual Base Revenues were $11 million compared to the budgeted amount of $11.2 million. Year to date Purchased Power Base expenses were over budget by $200,000 or 1.4 %. Actual Purchased Power Base costs were $14.8 million compared to the budgeted amount of $14.6 million. Year to date Operating and Maintenance (O &M) expenses combined were under budget by $610 or .O1 %. The actual O &M expenses were $7.1 million. Depreciation expense and voluntary payments to the towns were on budget. Regular Session Meeting Minutes January 29, 2015 Financial Report — December 2014 — Mr. Fournier (Attachment 3) Operating Fund was at $10.5 million, Capital Fund Balance is at $5.6 million, Rate Stabilization Fund $6.7 million, Deferred Fuel Fund a little over $5.8 million and the Energy Conservation Fund at $525,000. 0 Year to date kilowatt hour sales were $356 million kilowatt hours sold which is 5.7 million kilowatt hours or about a little more than 1.6% behind last year's actual figures. Mr. Fournier reported that cumulatively the five divisions came in under budget by $22,000 or .21 %. Mr. Fournier reported that starting next month the RMLD will begin the Capital and Operating Budget season and since this is the close of the calendar year will be starting the DPU report which will be due on March 31. Mr. Stempeck asked about being under the budget in terms of base revenues which seems to be a continuing trend and said that there was talk about this earlier to see if there was any way to get this in a graphic perspective so we could see a trend analysis. Mr. Stempeck said that this would be helpful for the commissioners in terms of understanding where it is headed. Chairman Talbot stated that would be great at least once a month to get a couple of years in projection. Mr. Fournier replied that he has started the process. M.G.L. Chapter 30B Bids (Attachment 4) IFB 2015 -12 Line Truck Chassis Inspection, Preventative Maintenance and Repairs Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2015 -12 for Line Truck Chassis Inspection, Preventative Maintenance and Repairs be awarded to Taylor & Lloyd, Inc. for $100,192.30 as the lowest qualified and responsive bidder on the recommendation of the General Manager. (This is a 3 -year contract.) Motion carried 4:0:0. Mr. Jaffari explained that this is for the heavy truck factory recommended maintenance, repairs and DOT inspections. The last time it went out for bid was 2012 -2014 at $106,517. This bid is well within the range. RFP 2015 -16 RF Mesh AMI System Mr. Pacino made a motion seconded by Mr. O'Rourke that RFP 2015 -16 for an RF Mesh AMI System be awarded to Eaton's • Cooper Power Systems, as the most advantageous, responsive and responsible bidder for a total cost of $199,936.20 on the recommendation of the General Manager. Motion carried 4:0:0. Mr. Jaffari stated that this is the solution that we have been searching for to be able to read the 65 -70 commercial meters known as the Club 500. These are the meters that Itron does not have an easy solution for them. Currently, we cannot read these meters remotely and as a result we started searching for a practical solution so we can get the data back to the Cogsdale system. The best solution and best bank for our buck is the RF Mesh AMI fixed two way network system, which is the 900 MHz radio system and can handle both our metering needs as well as our future distribution automation which we intend to implement. Mr. Jaffari reported the new system can read the Itron meters after changing a electronic module inside. This system is meter independent which means we do not have to purchase any particular meter brand. Mr. Jaffari reported that this system is compatible with a wide range of meters including the Itron meters, which its technology is obsolete and no longer will be supported by Itron. RMLD can migrate to this system where the technology is newer, up -to -date and it is able to move the RMLD into the future. Ms. O'Brien stated that when she first arrived at the RMLD and said what was purchased here was a non AMI rather an AMR two way system and she put a hold on the 500 Club project because there was no point in putting in a non -two way communication. Ms. O'Brien commended Mr. Jaffari on an excellent job coming up with an AMI system for the 500 Club that we can also change out the module on the AMR's at certain locations at the end of the lines to get that two way communication in addition to the thirty to forty meters that the fixed network could not reach all in one package. Mr. Jaffari said that this was a team work effort involving IRD, Engineering, and MIS departments. Mr. Jaffari reported another feature this system offers is that it can read the end -of -line voltage, which the existing Itron system cannot read. Anytime switching is done especially in the future with the outage management system being able to read end -of -line voltage is critical. Mr. Jaffari stated that anytime that you transfer the load you want to know how the last customer on the line is doing and making sure they are receiving the proper voltage. Is Mr. Stempeck asked if they read phase as well. Mr. Jaffari replied, yes they do with the end result being better load management. Regular Session Meeting Minutes 9 January 29, 2015 M.G.L. Chapter 30B Bids (Attachment 4) IFB 2015 -17 Sicame Connectors Mr. Pacino made a motion seconded by Mr. O'Rourke that bid 2015 -17 for Sicame Connectors be awarded to WESCO as the lowest responsive and responsible qualified bidder for a total cost of $67,950.00 on the recommendation of the General Manager. Motion carried 4:0:0. General Discussion There was none. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED E -Mail responses to Account Payable/Payroll Questions Rate Comparisons, January RMLD Board Meetings Thursday, February 26, 2015 Thursday, March 26, 2015 CAB Meetings Wednesday, February 11, 2015 Wednesday, April 15, 2015 — Budget Meeting Wednesday, April 22, 2015 — Budget Meeting Executive Session At 8:45 p.m. Mr. Pacino made a motion seconded by Mr. Stempeck that the Board go into Executive Session to approve the Executive Session meeting minutes of July 24, 2014 and September 17, 2014, Chapter 164, Section 47D exemption from public records and open meeting requirements in certain instances. 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 4:0:0. Adjournment At 9:40 pm 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. Philip B. Pacino, Secretary Pro Tern RMLD Board of Commissioners To: Coleen O'Brien �n From: Maureen M Ht>gh, Jane Parenteau`-y— Date: January 9, 2015 Subject: Purchase Power Summary — November, 2014 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of November, 2014. ENERGY The RMLD's total metered load for the month was 54,338.151 kWh, which is a 1.39% decrease from the November, 2013 figures. Table 1 is a breakdown by source of the energy purchases. C Table 1 Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs % (kWh) ($ /Mwh) Millstone #3 1,513,983 $6.41 2.78% $9,707 0.41% Seabrook 5,707,687 $6.69 10.50% $38,162 1.61% Stonybrook Intermediate 0 $0.00 0.00% $10,338 0.44% JP Morgan 7,019,380 $61.09 12.91% $428,823 18.06% NextEra 6,976,000 $53.22 12.83% $371,277 15.63% NYPA 2,381,622 $4.92 4.38% $11,718 0.49% ISO Interchange 11,288,177 $54.84 20.76% $619,025 26.06% NEMA Congestion 0 $0.00 0.00% - $97,629 -4.11% Coop Resales 19,676 $211.71 0.04% $4,166 0.18% BP Energy 8,115,880 $48.27 14.93% $391,753 16.49% Summit Hydro /Collins /Pioneer 1,206,043 $72.00 2.22% $86,831 3.66% Braintree Watson Unit 184,069 $111.56 0.34% $20,535 0.86% Swift River Projects 1,270,853 $103.99 2.34% $132,161 5.56% Exelon 8,668,880 $39.76 15.94% $344,656 14.51% Stonybrook Peaking 16,003 $217.22 0.03% $3,476 0.15% Monthly Total 54,368,253 $43.68 100.00% $2,374,999 100.00% C Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of November, 2014. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP * 12,164,811 54.82 22.37% Settlement RT Net Energy ** - 876,633 43.64 -1.61% Settlement ISO Interchange 11,288,177 54.84 20.76% (subtotal) Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy NOVEMBER 2014 ENERGY BY RESOURCE Swift River Projects, 2.3% Braintree Watson Unit, 0.3% Summit Hydr 2.2% ybrook diate, 0.0% . M m,a.7 • Ssb.M • SWryb..k .cl.Mf'M ... V.1. .tea+ .NIP. .RO.annw' am f-rM • iat .1-1 sw', a. & K 9 CAPACITY The RMLD hit a demand of 99,937 M, which occurred on November 26, at 6 pm. The RMLD's monthly UCAP requirement for November, 2014 was 209,161 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 42.81 $211,894 14.92% Seabrook 7,919 41.71 $330,262 23.26% Stonybrook Peaking 24,981 1.98 $49,551 3.49% Stonybrook CC 42,925 3.54 $152,041 10.71% NYPA 4,019 4.19 $16,834 1.19% Hydro Quebec 4,673 5.02 $23,439 1.65% Nextera 60,000 5.65 $339,000 23.87% Braintree Watson Unit 10,520 11.33 $119,192 8.39% ISO -NE Supply Auction 49,174 3.62 $177,871 12.53% Total 209,161 $6.79 $1,420,085 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Table 4 Cost of of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($ /kWh) Millstone #3 $9,707 $211,894 $221,601 5.84% 1,513,983 0.1464 Seabrook $38,162 $330,262 $368,424 9.71% 5,707,687 0.0645 Stonybrook Intermediate $10,338 $152,041 $162,379 4.28% - 0.0000 Hydro Quebec $0 $23,439 $23,439 0.62% - 0.0000 JP Morgan $428,823 $0 $428,823 11.30% 7,019,380 0.0611 NextEra $371,277 $339,000 $710,277 18.72% 6,976,000 0.1018 NYPA $11,718 $16,834 $28,551 0.75% 2,381,622 0.0120 ISO Interchange $619,025 $177,871 $796,896 21.00% 11,288,177 0.0706 Nema Congestion - $97,629 $0 - $97,629 -2.57% - 0.0000 BP Energy $391,753 $0 $391,753 10.32% 8,115,880 0.0483 * Summit Hydro /Collins /Pioneer $86,831 $0 $86,831 2.29% 1,206,043 0.0720 Braintree Watson Unit $20,535 $119,192 $139,728 3.68% 184,069 0.7591 * Swift River Projects $132,161 $0 $132,161 3.48% 1,270,853 0.1040 Coop Resales $4,166 $0 $4,166 0.11% 19,676 0.2117 Constellation Energy $344,656 $0 $344,656 9.08% 8,668,880 0.0398 Stonybrook Peaking $3,476 $49,551 $53,027 1.40% 16,003 3.3136 Monthly Total $2,374,999 $1,420,085 $3,795,084 100.00% 54,368,253 0.0698 * Renewable Resources 8.94% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through November 2014, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of November, 2014 were $716,111. This is a decrease of 42.66% from the October transmission cost of $1,248,904. In November, 2013 the transmission costs were $678,034. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 99,937 Swift River RECs Summary 102,274 Energy (kWh) 54,368,253 Period - January 2014 - November 2014 Energy ($) Banked Projected Total Est. Capacity ($) RECs RECs RECs Dollars Woronoco 3,613 643 4,256 $204,288 Pepperell 3,179 2,165 5,344 $256,512 Indian River 1,711 1,104 2,815 $135,120 Turners Falls 1,389 324 1,713 $0 RECs Sold 0 $0 Grand Total 9,892 4,236 14,128 $595,920 TRANSMISSION The RMLD's total transmission costs for the month of November, 2014 were $716,111. This is a decrease of 42.66% from the October transmission cost of $1,248,904. In November, 2013 the transmission costs were $678,034. Table 6 Current Month Last Month Last Year Peak Demand (kW) 99,937 99,181 102,274 Energy (kWh) 54,368,253 54,494,499 55,217,486 Energy ($) $2,374,999 $2,290,434 $1,738,646 Capacity ($) $1,420,085 $1,261,207 $1,805,123 Transmission($) $716,111 $1,248,904 $678,034 Total $4,511,195 $4,800,544 $4,221,803 U Z w_ U_ LL LL W W Z w L 0 U N N l0 C v aJ C ry rC U N E O U o ooc n °o o000 � u�i v v o 0 C N m M M �� Z; O U v> v> en V� v► fill N 'It M N V 7 rp C Y_ r- V LO 0) O M t` N 00 � N a N fig 69 fig 69 69 69 L M M Q01 O v X00 00 00 a m fin fir> (s » fir> LO LO co ca co M M (LO O W N r` co O LO r\ N-f N Cl) co ^ O @ c fig fri EA fig b9 O .0 O O O O O Y � fR 69 ffi LO 0 M W 0 00 >1 M V N O M O V CO .n-_ (o D N O N C (r) (D fh H W V V V Y � Vi ffi fig (O u) N O 00 LO O M V O V O ' N w U r N 00 rV CU d U 6% » fill fill va fin N W L N r` O- 3 rn n N o N rb Y to O V N M N O N o M N (D U) T O N C W rn Q1 am o co rn ca rl- a2 3 0 ^ CO N M N f7 N _T U f9 n r4 U v v v mC o m o C � 0 o .- r U- U- U- LL U- U- jp N N N V co d (6 r` E c o° c c f0 d .N <O N � N O O � d O S O O L. U H U � H U 1- F- U To: Coleen O'Brien � �1 From: Maureen M Hugh, Jane Parenteaul? Date: January 23, 2015 Subject: Purchase Power Summary — December, 2014 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of December, 2014. ENERGY The RMLD's total metered load for the month was 58,967.647 kWh, which is a 3.1 % decrease from the December, 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 3,711,348 $6.70 6.30% $24,877 0.90% Seabrook 5,893,754 $6.69 10.00% $39,406 1.43% Stonybrook Intermediate 331,653 $148.50 0.56% $49,249 1.79% JP Morgan 7,509,400 $61.85 12.74% $464,460 16.86% NextEra 9,864,200 $62.57 16.74% $617,166 22.41% NYPA 2,546,599 $4.92 4.32% $12,529 0.45% ISO Interchange 5,757,961 $26.32 9.77% $151,551 5.50% NEMA Congestion 0 $0.00 0.00% - $7,084 -0.26% Coop Resales 4,216 $201.94 0.01% $851 0.03% BP Energy 9,159,800 $48.27 15.54% $442,144 16.05% Summit Hydro /Collins /Pioneer 3,131,200 $72.39 5.31% $226,654 8.23% Braintree Watson Unit 501,340 $85.85 0.85% $43,041 1.56% Swift River Projects 2,697,998 $100.77 4.58% $271,867 9.87% Exelon 7,717,800 $51.91 13.09% $400,658 14.55% Stonybrook Peaking 115,067 $146.38 0.20% $16,843 0.61% Monthly Total 58,942,336 $46.73 100.00% $2,754,213 100.00% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of December, 2014. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP * - 2,095,215 -0.99 -3.55% Settlement RT Net Energy ** 7,853,176 19.56 13.32% Settlement ISO Interchange 5,757,961 26.32 9.77% (subtotal) Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy DECEMBER 2014 ENERGY BY RESOURCE Swift River Projects, Braintree WatsonU 0.9% Summit Hydro, Stonybrook MillctnnP #3.6.3% iybrook Intermediate, 0.6% • Mlls[me X3 ,saatro� • :,on,l,rma I..armaa,ata . Me.tFra . wvrn • ISO'ntnSMy BF Energy Summt Hytro .S- -'outs F.ebn SinryErm4 XeaFiry CAPACITY The RMLD hit a demand of 109,529 kW, which occurred on December 8, at 6 pm. The RMLD's monthly UCAP requirement for December, 2014 was 209,812 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 42.95 $212,625 15.02% Seabrook 7,919 41.71 $330,280 23.33% Stonybrook Peaking 24,981 1.94 $48,517 3.43% Stonybrook CC 42,925 3.50 $150,426 10.63% NYPA 4,019 4.19 $16,834 1.19% Hydro Quebec 4,673 3.92 $18,319 1.29% Nextera 60,000 5.65 $339,000 23.95% Braintree Watson Unit 10,520 11.17 $117,516 8.30% ISO -NE Supply Auction 49,825 3.66 $182,192 12.87% Total 209,812 $6.75 $1,415,709 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($ /kWh) Millstone #3 $24,877 $212,625 $237,502 5.70% 3,711,348 0.0640 Seabrook $39,406 $330,280 $369,686 8.87% 5,893,754 0.0627 Stonybrook Intermediate $49,249 $150,426 $199,675 4.79% 331,653 0.6021 Hydro Quebec $0 $18,319 $18,319 0.44% - 0.0000 JP Morgan $464,460 $0 $464,460 11.14% 7,509,400 0.0619 NextEra $617,166 $339,000 $956,166 22.93% 9,864,200 0.0969 NYPA $12,529 $16,834 $29,363 0.70% 2,546,599 0.0115 ISO Interchange $151,551 $182,192 $333,742 8.00% 5,757,961 0.0580 Nema Congestion - $7,084 $0 - $7,084 -0.17% - 0.0000 BP Energy $442,144 $0 $442,144 10.60% 9,159,800 0.0483 * Summit Hydro /Collins /Pioneer $226,654 $0 $226,654 5.44% 3,131,200 0.0724 Braintree Watson Unit $43,041 $117,516 $160,557 3.85% 501,340 0.3203 * Swift River Projects $271,867 $0 $271,867 6.52% 2,697,998 0.1008 Coop Resales $851 $0 $851 0.02% 4,216 0.2019 Constellation Energy $400,658 $0 $400,658 9.61% 7,717,800 0.0519 Stonybrook Peaking $16,843 $48,517 $65,361 1.57% 115,067 0.5680 Monthly Total $2,754,213 $1,415,709 $4,169,922 100.00% 58,942,336 0.0707 * Renewable Resources 1421% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through December 2014, as well as their estimated market value. Table 5 Swift River RECs Summary Period - January 2014 - December 2014 Banked Projected Total Est. RECs RECs RECs Dollars Woronoco 3,613 1,241 4,854 $232,992 Pepperell 4,521 1,828 6,349 $304,752 Indian River 2,349 981 3,330 $159,840 Turners Falls 1,609 371 1,980 $0 RECs Sold $812,385 $716,111 0 $0 Grand Total 12,092 4,421 16,513 $697,584 TRANSMISSION The RMLD's total transmission costs for the month of December, 2014 were $812,385. This is an increase of 13% from the November transmission cost of $716,111. In December, 2013 the transmission costs were $792,851. Table 6 Current Month Last Month Last Year Peak Demand (kW) 109,529 99,937 115,912 Energy (kWh) 58,942,336 54,368,253 60,851,135 Energy ($) $2,754,213 $2,374,999 $3,666,453 Capacity ($) $1,415,709 $1,420,085 $1,497,443 Transmission($) $812,385 $716,111 $792,851 Total $4,982,307 $4,511,195 $5,956,748 0 i U Z w_ U_ LL LL W (i V W Z W CJ L `O a Q: C QJ C fD C (v a 'D L 0 C 0 C Q: Y O L N LnCA C (C 4- O C O O L � Q r }r � U O 1 C v 'O Q: 1 O r � 1 L E I-- ° N N w N w w w p n ammmmm iimmurt p rn rn p°O O r O N N ? m Lo co N r- co r C (D 00 Oct o p Lo tC N O M 0 w M 0 3 M M PT e . M O y CD Cl) Q d H w w w O 0 U Vi (fl Vi W. n Va V) o On N cl O o m 04 CO Lo CN ON 3 v (O n V N co (n O N O (OD N v M co f0 3 w N N N w N w V) to C7 l") VI 10 Vi Va L� > O N M. r` O M 1"01,11 >� 0 0 N O O � d 0 0 w co O O o O O o O) O o O r O f0 b9 6% Eft V) V> V) C7 fD (n O N O t0 N M n r M N M O m U') N 07 m N 0) CO M 0 to N N w w w w w w w N N O o 0 N Q d O O O � n O Q) (D co M (? >. M V ( M N n 0 Lo (D O V fV 01 Cn V 47 Cl) (Q eR O G m F- W N u°] N N N N tp Lo 0 M o pI r tD r (O L V V V p� m Q) U >` 3: p w w w w w w w w w .2 LL7 O N �n �n (D 000 C N Ln W Ono Cl) al I O Co. V V V M °o °o CO °o °o �, tD (N7 CL (nn N 4 t� LQ o r N o w co IQ fA U r- O fG 7 R R 0- U � FD- R U 60 Vf 69 Vi V> V) N O w N N w w w L N V n (D 1 O O m 00 N CO m N n Y Lo 0 Lo 0 c� 0 N N M N r to N r t°n (D n N N 4! O R rn rn r co v o U N O Q�7 C ° W _m E p N w w Q7 Cl) w w r- w w ii O d� v O tOn v f7 0) M Y (O r m N d d ap N h lo m r n v in rn r m Q) 1 U ° R O_ to � 0 w w w w N co w w w U y �n cn m L � uo r (n m (`') r; n (7 co O O N O N o N LL U- O O U- U- C U- LL c,� N n 00 V7 N 3 N L R ai n co m n ca Q y C 'O n E C O 0 C 2 C m v p° w w N w w w w N w p R O O 41 p M O to M M N F- U �n ° N N w N w w w p n ammmmm iimmurt p N p°O O r O N N ? m m 12 N N r o p m p w w w w 3 PT e . -n m 12 o p w w w w 0 Q d w w w 0 n 0 o 0 0 o On N cl O o 0 rn ON w v v n n O 3 w N N N w N w C7 l") Q 10 } f0 F- 1"01,11 N � d C D O O o O O o O) O o O r O f0 N cl Y V C7 fD N in N O t0 N M n r M N m 0 N N w w w w w w w N O o 0 m Q d � n d �D N u°] N N N N tp O O 0 M o pI r tD r (O L p� m Q) U >` 3: p w w w w w w w w w .2 LL7 O N �n �n N C W m al I °o °o °o °o °o °o °o ° CL °o 4 o r v o w o IQ m O fG 7 U a N O w N N w w w w w w n � R 1 m U d c� r O N r t°n N n N N 4! o rn rn r co v o U O ° _m E p N w w w w w w w w ii d� v v f7 v M N N r m d d N h lo r n v in rn r m Q) 1 ° m to � 0 w w w w N w w w w y �n cn m L p d N N m (`') C7 N (7 N O O N O N o N o n O O O O O �n o O C 0 in c,� N n 00 V7 N 3 N N ao ai n co m n Q 12 m v p° w w N w w w w N w cu O M O to M M N N �n N cu °o °o °n °o °o 4L m �`? m o N �o a �o N O o° LC_ m m o w w w w w w w w w N O O o N N O 00 m >m > d N o o o° N r� a un L m A o o o 0 0 0 0 0 0 7a L r } N N N N N N N N N L2/30/2014 L:11 PM READING MUNICIPAL LIGHT DEPARTMENT FY 15 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2014 LACTUAL COST YTD ANNUAL REMAINING PROJ DESCRIPTION TOWN NOV ADDITIONS BUDGET BALANCE CONSTRUCTION: 101 5W9 Reconductoring - Ballardvale Area W 9,862 253,000 243,138 102 Pole Line Upgrade Lowell Street W 13,006 13,006 173,000 159,994 104 Upgrade Old Lynnfield Center URDs (Cook's Farm) LC 22,929 22,929 217,000 194,071 105 4W5 - 4W6 Tie R 70,000 70,000 106 URD Upgrades ALL 3,611 43,121 319,000 275,879 107 Step -down Area Upgrades ALL 4,793 23,310 203,000 179,690 212 Force Account West Street R 224,000 224,000 SUB -TOTAL 44,338 112,228 1,459,000 1,346,772 STATION UPGRADES: 108 Relay Replacement Project - Gaw Station #4 R 50,000 50,000 * 110 Station 3 - Replacement of Service Cutouts NR 1,481 2,192 130 Remote Terminal Unit (RTU) Replacement - Station 3 NR 85,000 85,000 SUB -TOTAL 1,481 2,192 135,000 135,000 NEW CUSTOMER SERVICES: 112 New Service Installations (Commercial / Industrial) ALL 2,271 11,946 57,000 45,054 113 New Service Installations (Residential) ALL 7,022 65,186 260,000 194,814 SUB -TOTAL 9,294 77,132 317,000 239,868 ROUTINE CONSTRUCTION: 114 Routine Construction ALL 118,460 827,520 947,000 119,481 SPECIAL PROJECTS / CAPITAL PURCHASES: 103 Distribution Protection and Automation ALL 69,000 69,000 116 Transformers and Capacitors ALL 444,000 444,000 117 Meter Purchases (including "500 Club ") ALL 44,671 127,000 82,329 122 Engineering Analysis Software and Data Conversion ALL 55,000 55,000 125 GIS ALL 150,000 150,000 126 Communication Equipment (Fiber Optic) ALL 30,000 30,000 * 131 LED Street Light Pilot Program ALL 26,250 37,000 10,751 132 Outage Management Software and Integration ALL 85,000 85,000 133 Predictive Asset Management Program ALL 80,000 80,000 134 Substation Test Equipment ALL 121,000 121,000 135 Arc Flash Study ALL 35,000 35,000 137 SCADA System Upgrade - Hardware ALL 20,332 63,000 42,668 SUB -TOTAL - 91,253 1,296,000 1,204,748 OTHER CAPITAL PROJECTS: 118 Rolling Stock Replacement ALL 434,000 434,000 119 Security Upgrades All Sites ALL 1,458 61,000 59,542 120 Great Plains / Cogsdale Upgrade ALL 32,500 32,500 350,000 317,500 121 HVAC System Upgrade - 230 Ash Street R 399,000 399,000 123 Oil Containment Facility Construction LC 6,028 11,168 80,000 68,832 127 Hardware Upgrades ALL 2,544 16,881 102,000 85,119 128 Software and Licensing ALL 15,926 122,000 106,074 129 Master Facilities Site Plan R 50,000 50,000 (W 136 Organizational / Reliability Studies ALL 100,000 100,000 SUB -TOTAL 41,071 77,933 1,698,000 1,620,067 TOTAL CAPITAL BUDGET $ 214,643 $ 1,188,257 $ 5,852,000 $ 4,665,934 * completed project READING MUNICIPAL LIGHT DEPARTMENT Engineering and Operations Monthly Report November 2014 CAPITAL IMPROVEMENTS January 22, 2015 1 Complete Construction Projects: FY14 -15 status Month YTS Pole Line Upgrade- Lowell Street, Wilmington 102 Engineering plans completed. Construction has begun 10% $13,006 $13,006 (as of 1/14/15). Upgrade Old Lynnfield Center URDs — Cook's Farm 104 All manholes installed. Construction stopped for winter 25% $22,929 $22,929 (as of 1/14/15). 106 URD Upgrades — All Towns: On- $3,611 $43,121 • Gillis Drive, North Reading going 107 Step -down Area Upgrades — All Towns: On- $4,793 $23,310 Vine Street Area, Reading going New Customer Service Connections: 112 Service Installations — Commercial /Industrial: On- $2,271 $11,946 • Main Street, North Reading going Service Installations — Residential: On- 113 This item includes new or upgraded overhead and $7,022 $65,186 underground services. going Special Projects /Capital Purchases: 110 Station 3 Replacement of Service Cutouts 100% $1,481 $2,192 January 22, 2015 1 Routine Construction: Nov YTD Pole Setting/Transfers 54,186 150,515 Overhead/Underground 26,126 267,095 Projects Assigned as Required • Eames Street, Wilmington (new building) • Haverhill Street, Reading (pole relocations) • Main Street, Reading MF Charles Building) 7,517 185,359 Pole Damage /Knockdowns • Work was done to repair or replace two (2) damaged poles. 852 21,217 Station Group 960 24,165 Hazmat/Oil Spills 0 3,831 Porcelain Cutout Replacement Program 310 4,426 Lighting Street Light Connections 3,619 8,813 Storm Trouble 3,202 32,526 Underground Subdivisions (new construction) • Mariano Drive, Reading • Railroad Avenue, North Reading • Cheyenne Estates, Wilmington 7,192 39,014 Animal Guard Installation 1,027 3,807 Miscellaneous Capital Costs 13,468 86,752 TOTAL: $ 118,460 $ 827,521 January 22, 2015 19 MAINTENANCE PROGRAMS (bW Aged /Overloaded Transformer Replacement through 11/30/14 Padmount: Single- Phase: 11.04 % replaced (of those over 20 years old) Three - Phase: 6.41 % replaced (of those over 20 years old) Overhead: Single- Phase: 8.31% replaced (of those over 20 years old) Three - Phase: 2.22% replaced (of those over 20 years old) Pole Testing System -wide (600 -1,000 poles /year) Year -one inspection complete: 645 poles tested ( -10 %) • 390 silver tag (PASSED) • 233 red tag (FAILED): 21 have been replaced (as of 1122114) • 22 double red tag (CONDEMNED): 22 have been replaced 14 of 43 transfers have been completed (as of 1122114) 13.8kV/35kV Feeders - Quarterly Inspections 5W8, 5W9, 5W4, 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) As of November 2014, there are 317 remaining porcelain cutouts to be replaced. 88% complete. Substations: Infared Scanning (Monthly) Station 3 Scanning complete through November - no hot spots found Station 4 Scanning complete through November - no hot spots found Station 5 Scanning complete through November - no hot spots found Substation Maintenance Program • Inspection of all three stations by UPG in progress. 95% complete (as of 1/14/14). January 22, 2015 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 X2010 62.35 � 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 - average number of customers served during that period. SAIFI 2010 -2014 0.90 - - -- 0.80 * - _ _ ___ 0 93_ 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 2010 -2011 -2012 -2013 -2014 Average SAIFI X2010 X2011 X2012 X2013 2014 YTD Region Average National Average January 22, 2015 4 CAIDI (Customer Average Interruption Duration Index) is defined as the average duration (in minutes) of an interruption experienced by customers during a specific time frame. CAIDI = the sum of all customer interruption durations during that time period T the number of customers that experienced one or more interruptions during that time period. CAIDI 2010 -2014 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2010 -2011 -2012 -2013 -2014 Average CAIDI 105.77 83.00 X2010 X2011 ■■■I 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. January 22, 2015 5 2014 Outage Causes Types YTD November 30, 2014 Human Errror 2 1% Vehicle 12 Unknowi 9 3% Lightning / Weather 12 5 Lightning/ Weather 13 4% ■ Equipment ■ Wildlife • Tree • Unknown • Vehicle ■ Human Errror o Lightning / Weather Outage Causes 2010 -2014 Annual Average ■ Equipment ■ Wildlife • Tree • Unknown • Vehicle • Human Errror • Lightning / Weather January 22, 2015 6 READING MUNICIPAL LIGHT DEPARTMENT FY 15 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING DECEMBER 31, 2014 PROJ DESCRIPTION CONSTRUCTION: 101 5W9 Reconductoring - Ballardvale Area 102 Pole Line Upgrade Lowell Street 104 Upgrade Old Lynnfield Center URDs (Cook's Farm) 105 4W5 - 4W6 Tie 106 URD Upgrades 107 Step -down Area Upgrades 212 Force Account West Street SUB -TOTAL STATION UPGRADES: 108 Relay Replacement Project - Gaw Station #4 110 Station 3 - Replacement of Service Cutouts 130 Remote Terminal Unit (RTU) Replacement - Station 3 SUB -TOTAL NEW CUSTOMER SERVICES: 112 New Service Installations (Commercial / Industrial) 113 New Service Installations (Residential) SUB -TOTAL ACTUAL COST YTD ANNUAL REMAINING TOWN DEC ADDITIONS BUDGET BALANCE W ROUTINE CONSTRUCTION: 9,862 253,000 243,138 W 30,621 43,628 173,000 129,373 LC 3,918 26,847 217,000 190,153 R 70,000 70,000 ALL 4,988 48,109 319,000 270,891 ALL 4,037 27,347 203,000 175,653 R 224,000 224,000 117 43,564 155,793 1,459,000 1,303,207 R 50,000 50,000 NR 2,192 NR 85,000 85,000 2,192 135,000 135,000 ALL 519 12,465 57,000 44,535 ALL 12,480 77,666 260,000 182,334 12,999 90,131 317,000 226,869 TOTAL CAPITAL BUDGET $ 245,722 $ 1,433,980 $ 5,852,000 $ 4,420,212 • completed project ROUTINE CONSTRUCTION: 114 Routine Construction ALL 152,863 980,383 947,000 (33,383) SPECIAL PROJECTS / CAPITAL PURCHASES: 103 Distribution Protection and Automation ALL 69,000 69,000 116 Transformers and Capacitors ALL 444,000 444,000 117 Meter Purchases (including "500 Club ") ALL 10,500 55,171 127,000 71,829 122 Engineering Analysis Software and Data Conversion ALL 55,000 55,000 125 GIS ALL 150,000 150,000 126 Communication Equipment (Fiber Optic) ALL 30,000 30,000 131 LED Street Light Pilot Program ALL 26,250 37,000 10,751 132 Outage Management Software and Integration ALL 85,000 85,000 133 Predictive Asset Management Program ALL 80,000 80,000 134 Substation Test Equipment ALL 121,000 121,000 135 Arc Flash Study ALL 35,000 35,000 137 SCADA System Upgrade - Hardware ALL 20,332 63,000 42,668 SUB -TOTAL 10,500 101,753 1,296,000 1,194,248 OTHER CAPITAL PROJECTS: 118 Rolling Stock Replacement ALL 434,000 434,000 119 Security Upgrades All Sites ALL 1,458 61,000 59,542 120 Great Plains / Cogsdale Upgrade ALL 32,500 350,000 317,500 121 HVAC System Upgrade - 230 Ash Street R 10,900 10,900 399,000 388,100 123 Oil Containment Facility Construction LC 11,168 80,000 68,832 127 Hardware Upgrades ALL 2,506 19,387 102,000 82,613 128 Software and Licensing ALL 12,390 28,316 122,000 93,684 129 Master Facilities Site Plan R 50,000 50,000 136 Organizational / Reliability Studies ALL 100,000 100,000 SUB -TOTAL 25,796 103,729 1,698,000 1,594,271 TOTAL CAPITAL BUDGET $ 245,722 $ 1,433,980 $ 5,852,000 $ 4,420,212 • completed project • READING MUNICIPAL LIGHT DEPARTMENT Engineering and Operations Monthly Report December 2014 CAPITAL IMPROVEMENTS January 22, 2015 1 Complete Construction Projects: FY14 -15 status Month YTD Pole Line Upgrade- Lowell Street, Wilmington 102 Engineering plans completed. Construction has begun 10% $30,621 $43,628 (as of 1/14/15). Upgrade Old Lynnfield Center URDs — Cook's Farm 104 All manholes installed. Construction stopped for winter 25% $3,918 $26,847 (as of 1/14/15). URD Upgrades — All Towns: 106 . Gillis Drive, North Reading going $4,988 $48,109 • Stonecleave Road, North Reading 107 Step -down Area Upgrades — All Towns: On- $4,037 $27,347 • Vine Street Area, Reading going New Customer Service Connections: 112 Service Installations — Commercial /Industrial: On- $519 $12,465 • Main Street, North Reading going Service Installations — Residential: 113 This item includes new or upgraded overhead and $12,480 $77,666 underground services. going Special Projects /Capital Purchases: 117 Meter Purchases $10,500 $55,171 January 22, 2015 1 Routine Construction: Dec YTD Pole Setting/Transfers 56,321 206,836 Overhead/U nderg round 16,377 283,471 Projects Assigned as Required • Eames Street, Wilmington (new building) • Chestnut Street, North Reading • Analog Devices, Wilmington (charging station) • Main Street, Reading MF Charles Building) 32,974 218,333 Pole Damage /Knockdowns • Work was done to repair or replace four (4) damaged poles. 6,106 27,323 Station Group 0 24,165 Hazmat/Oil Spills 0 3,831 Porcelain Cutout Replacement Program 364 4,791 Lighting Street Light Connections 2,238 11,050 Storm Trouble 0 32,526 Underground Subdivisions (new construction) • Mariano Drive, Reading • Rahnden Terrace, North Reading 5,040 44,055 Animal Guard Installation 1,582 5,389 Miscellaneous Capital Costs 31,861 118,613 TOTAL: $ 152,863 1-00 383 January 22, 2015 F. 19 MAINTENANCE PROGRAMS Aged /Overloaded Transformer Replacement through 12/31/14 Padmount: Single- Phase: 11.36% replaced (of those over 20 years old) Three - Phase: 6.41 % replaced (of those over 20 years old) Overhead: Single- Phase: 8.38% replaced (of those over 20 years old) Three - Phase: 2.78% replaced (of those over 20 years old) Pole Testing System -wide (600 -1,000 poles /year) Year -one inspection complete: 645 poles tested ( -10 %) • 390 silver tag (PASSED) • 233 red tag (FAILED): 21 have been replaced (as of 1122114) • 22 double red tag (CONDEMNED): 22 have been replaced 14 of 43 transfers have been completed (as of 1122114) 13.8kV/35kV Feeders - Quarterly Inspections 5W8, 5W9, 5W4, 5W5, 4W7, 4 W23, 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) As of December 2014, there are 317 remaining porcelain cutouts to be replaced. 88% complete. Substations: Infared Scanning (Monthly) Station 3 Scanning complete through December - no hot spots found Station 4 Scanning complete through December - no hot spots found Station 5 Scanning complete through December - no hot spots found Substation Maintenance Program • Inspection of all three stations by UPG in progress. 95% complete (as of 1/14/14). January 22, 2015 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. 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 SAIDI = the sum of all customer interruption durations within the specified time frame _ by the average number of customers served during that period. SAIDI 2010 -2014 85.75 _ 6235 2010 -2011 -2012 -2013 -2014 Average SAIDI 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. 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 SAIFI = the total number of customer interruptions _ average number of customers served during that period. SAIFI 2010 -2014 2010 -2011 -2012 -2013 -2014 Average SAM January 22, 2015 0.83 2010 0.55 2011 X2012 X2013 �nw 2014 YTD Region Average National Average 4 CAIDI (Customer Average Interruption Duration Index) is defined as the average duration (in minutes) of an interruption experienced by customers during a specific time frame. CAIDI = the sum of all customer interruption durations during that time period _ the number of customers that experienced one or more interruptions during that time period. 120.00 100.00 80.00 60.00 40.00 20.00 0.00 CAIDI 2010 -2014 2010 -2011 -2012 -2013 -2014 Average CAIDI 105.77 83.00 1111111111M 2010 X2011 � 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. January 22, 2015 5 Unknown 5 2% 2014 Outage Causes Types YTD December 31, 2014 Lightning; Weather Human Frrrnr Human Errror 2 1% Vehicle 12 Unknowi 9 3% • Equipment • Wildlife • Tree • Unknown • Vehicle • Human Errror • Lightning/ Weather Outage Causes Lightning/ Weather Annual Average 2010 -2014 13 4% ■ Equipment ■ Wildlife • Tree • Unknown • Vehicle • Human Errror • Lightning / Weather January 22, 2015 6 • • Dt: January 22, 2015 To: RMLB, Coleen O'Brien, Jeanne Foti Fr: Bob Fournier Sj: November 30, 2014 Report The results for the first five months ending November 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 November, the net income or the positive change in net assets was $128,428, increasing the year to date net income to $3,173,711. The year to date budgeted net income was $4,779,357, resulting in net income being under budget by $1,605,645 or 33.6 %. Actual year to date fuel revenues exceeded fuel expenses by $1,849,725. 2) Revenues: (Page 3A) *Year to date base revenues were under budget by $222,176 or 2.3 %. Actual base revenues were $9.4 million compared to the budgeted amount of $9.6 million. 3) Expenses: (Page 12A) *Year to date purchased power base expense was over budget by $324,836 or 2.66 %. Actual purchased power base costs were 12.5 million and budgeted power base costs were $12.2 million. *Year to date operating and maintenance (O &M) expenses combined were under budget by $76,678 or 1.3 %. Actual 0 &M expenses were $5.8 million compared to the budgeted amount of $5.9 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $10,197,816. * Capital Fund balance was at $5,560,253. * Rate Stabilization Fund was at $6,748,633. * Deferred Fuel Fund was at $5,982,419. * Energy Conservation Fund was at $570,798. 5) General Information: *Year to date kwh sales (Page 5) were 303,540,851 which is 7.4 million kwh or 2.4 %, behind last year's actual figure. Budget Variance: *Cumulatively, the five divisions were under budget by $89,356 or 1.0 %. FINANCIAL REPORT NOVEMBER 30, 2014 ISSUE DATE: JANUARY 9, 2015 ASSETS CURRENT UNRESTRICTED CASH RESTRICTED CASH RESTRICTED INVESTMENTS RECEIVABLES, NET PREPAID EXPENSES INVENTORY TOTAL CURRENT ASSETS NONCURRENT INVESTMENT IN ASSOCIATED CO CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS TOTAL ASSETS TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 11/30/2014 PREVIOUS YEAR CURRENT YEAR (SCH A P.9) 7,269,674.64 10,200,816.12 (SCH A P.9) 21,410,227.89 23,301,691.45 (SCH A P.9) 0.00 1,292,906.26 (SCH B P.10) 8,550,259.63 9,425,898.54 (SCH B P.10) 815,315.76 1,117,460.35 1,502,753.80 1,397,112.80 39,548,231.72 46,735,885.52 (SCH C P.2) 31,379.32 26,993.75 (SCH C P.2) 69,998,149.51 69,773,416.93 70,029,528.83 69,800,410.68 116,536,296.20 109,577,760.55 LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES 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 m 4,951,383.73 746,547.12 416,584.15 51,794.21 7,177,466.39 831,605.77 559,103.98 2,203.76 6,166,309.21 8,570,379.90 3,132,560.84 2,918,870.73 3,132,560.84 2,918,870.73 9,298,870.05 11,489,250.63 69,998,149.51 69,773,416.93 4,310,600.30 5,560,253.19 25,970,140.69 29,713,375.45 100,278,890.50 105,047,045.57 109,577,760.55 116,536,296.20 0 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 11/30/2014 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF CAPITAL ASSETS STRUCTURES AND IMPROVEMENTS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS (2) PREVIOUS YEAR 3,261.87 28,117.45 31,379.32 1,265,842.23 6,430,835.66 12,541,436.66 49,760,034.96 69,998,149.51 70,029,528.83 SCHEDULE C CURRENT YEAR 2,975.74 24,018.01 26,993.75 1,265,842.23 6,087,375.43 12,384,966.14 50,035,233.13 69,773,416.93 69,800,410.68 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 11/30/2014 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 CAPACITY PURCHASED POWER TRANSMISSION 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 NOVEMBER MONTH MONTH LAST YEAR CURRENT YEAR YTD 8 LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 3,540,482.67 1,653,269.01 20,189,029.16 9,381,296.21 - 53.536 2,201,768.18 2,418,013.33 13,783,959.77 15,229,940.94 10.496 48,520.06 2,353,985.58 135,515.61 12,705,459.98 9275.648 63,169.87 41,756.80 372,714.79 322,366.95 - 13.516 54,178.35 53,250.62 306,302.08 296,846.18 -3.096 55,067.98 0.00 310,970.38 0.00 100.008 (53,708.49) (68,098.89) (226,970.73) 590,000.00 32.298 5,909,478.62 6,452,176.45 34,871,521.06 37,635,646.93 7.938 1,805,123.06 1,420,085.36 7,415,673.14 6,914,503.39 -6.768 679,738.69 719,062.29 5,091,139.95 5,644,927.31 10.888 1,738,646.02 2,374,999.11 12,133,014.13 13,079,952.84 7.808 680,567.81 894,924.40 4,146,866.34 4,386,432.11 5.788 189,762.09 308,730.84 1,160,518.42 1,423,480.62 22.668 314,969.55 321,788.79 1,574,847.75 1,608,943.95 2.178 116,666.67 118 000.00 583,333.35 590,000.00 1.148 5,525,473.89 6,157,590.79 32,105,393.08 33,648,240.22 4.818 384,004.73 294,585.66 2,766,127.98 3,987,406.71 44.158 5,497.80 4,642.00 23,066.88 5,037.20 0.008 (191,768.42) (194,405.25) (958,842.09) (972,026.25) 1.388 2,347.14 21,870.58 17,560.86 57,364.62 226.668 (263.27) (253.44) (1,291.59) (1,292.90) 0.108 30,599.69 1,989.00 115,089.67 97,222.03 - 15.528 (153,587.06) (166,157.11) (804,416.27) (813,695.30) 1.158 230,417.67 128,428.55 1,961,711.71 3,173,711.41 61.788 (3) 98,317,178.79 101,873,334.16 3.628 100,278,890.50 105,047,045.57 4.758 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 NOVEMBER * ( ) = ACTUAL UNDER BUDGET 5,037.20 TOWN OF READING, MASSACHUSETTS (94,962.80) - 94.96% (972,026.25) MUNICIPAL LIGHT DEPARTMENT (1.25) 0.00% 57,364.62 BUSINESS -TYPE PROPRIETARY FUND 37.68% (1,292.90) fw STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 97,222.03 115,000.00 11/30/2014 - 15.46% (813,695.30) (716,610.00) (97,085.30) ACTUAL BUDGET YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE OPERATING REVENUES: (SCH F P.11B) BASE REVENUE 9,381,296.21 9,603,473.00 (222,176.79) -2.31% FUEL REVENUE 15,229,940.94 16,560,609.00 (1,330,668.06) -8.04% PURCHASED POWER CAPACITY 12,705,459.98 13,060,206.00 (354,746.02) 100.00% FORFEITED DISCOUNTS 322,366.95 496,452.00 (174,085.05) - 35.07% ENERGY CONSERVATION REVENUE 296,846.18 310,958.00 (14,111.82) -4.54% NYPA CREDIT (300,263.33) (291,665.00) (8,598.33) 2,95% TOTAL OPERATING REVENUES 37,635,646.93 39,740,033.00 (2,104,386.07) -5.30% OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER CAPACITY 6,914,503.39 6,888,908.00 25,595.39 0.37% PURCHASED POWER TRANSMISSION 5,644,927.31 5,345,686.00 299,241.31 5.60% PURCHASED POWER FUEL 13,079,952.84 13,911,216.00 (831,263.16) -5.98% OPERATING 4,386,432.11 4,552,999.00 (166,566.89) -3.66% MAINTENANCE 1,423,480.62 1,333,592.00 89,888.62 6.74% DEPRECIATION 1,608,943.95 1,621,665.00 (12,721.05) -0.78% VOLUNTARY PAYMENTS TO TOWNS 590,000.00 590,000.00 0.00 0.00% TOTAL OPERATING EXPENSES 33,648,240.22 34,244,066.00 (595,825.78) -1.74% I' OPERATING INCOME 3,987,406.71 5,495,967.00 (1,508,560.29) - 27.45% 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 NOVEMBER * ( ) = ACTUAL UNDER BUDGET 5,037.20 100,000.00 (94,962.80) - 94.96% (972,026.25) (972,025.00) (1.25) 0.00% 57,364.62 41,665.00 15,699.62 37.68% (1,292.90) (1,250.00) (42.90) 3.43% 97,222.03 115,000.00 (17,777.97) - 15.46% (813,695.30) (716,610.00) (97,085.30) 13.55% 3,173,711.41 4,779,357.00 (1,605,645.59) 101,873,334.16 101,873,334.16 0.00 105,047,045.57 106,652,691.16 (1,605,645.59) (3A) - 33.60% 0.00% -1.51% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 11/30/2014 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 NOVEMBER ' GENERAL LEDGER CAPITAL FUNDS BALANCE 11/30/14 (4) 4,130,584.59 1,000,000.00 8,980.73 1,608,943.95 6,748,509.27 1,188,256.08 5,560,253.19 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 11/30/2014 (5) YTD % CHANGE -4.23% -1.55% 6.17% -2.59% 1.34% 0.22% 0.48% -2.39% 5.80% -2.39% MONTH MONTH LAST YEAR CURRENT YEAR SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE RESIDENTIAL SALES 18,713,200 17,735,079 116,633,439 111,701,125 COMM. AND INDUSTRIAL SALES 33,641,449 33,862,966 181,584,539 178,764,324 PRIVATE STREET LIGHTING 74,657 77,940 370,921 393,790 TOTAL PRIVATE CONSUMERS 52,429,306 51,675,985 298,588,899 290,859,239 MUNICIPAL SALES: STREET LIGHTING 239,961 242,669 1,198,265 1,214,376 MUNICIPAL BUILDINGS 785,006 828,513 3,954,607 3,963,398 TOTAL MUNICIPAL CONSUMERS 1,024,967 1,071,182 5,152,872 5,177,774 SALES FOR RESALE 255,123 229,361 1,588,922 1,550,962 SCHOOL 1,374,385 1,439,816 5,626,585 5,952,876 TOTAL KILOWATT HOURS SOLD 55,083,781 _ 54,416,344 310,957,278 303,540,851 (5) YTD % CHANGE -4.23% -1.55% 6.17% -2.59% 1.34% 0.22% 0.48% -2.39% 5.80% -2.39% MONTH 5,454,530 2,491,273 RESIDENTIAL 5,660,255 COMM & IND 4,083,085 PVT ST LIGHTS 5,283,992 PUB ST LIGHTS 77,940 MUNI BLDGS 1,524 SALES /RESALE 38,138 SCHOOL 81,549 TOTAL YEAR TO DATE 85,706 828,513 RESIDENTIAL 168,539 COMM & IND 298,178 PVT ST LIGHTS 229,361 PUB ST LIGHTS 0 MUNI BLDGS 1,439,816 SALES /RESALE 285,598 SCHOOL 429,721 TOTAL LAST YEAR 3,221,580 TO DATE 30,766,011 RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL KILOWATT HOURS SOLD TO TOTAL MONTH RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL YEAR TO DATE LAST YEAR TO DATE TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL TOTAL TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 11/30/2014 TOTAL READING LYNNFIELD NO.READING WILMINGTON 17,735,079 5,454,530 2,491,273 4,129,021 5,660,255 33,862,966 4,083,085 241,876 5,283,992 24,254,013 77,940 13,418 1,524 24,860 38,138 242,669 81,549 32,770 42,644 85,706 828,513 216,485 168,539 145,311 298,178 229,361 229,361 0 0 0 1,439,816 464,197 285,598 260,300 429,721 54,416,344 10,542,625 3,221,580 9,886,128 30,766,011 0.80% 100.00% 19.36% 111,701,125 34,852,499 16,171,000 25,991,306 34,686,320 178,764,324 21,896,647 1,385,923 27,856,439 127,625,315 393,790 66,774 7,620 123,966 195,430 1,214,376 408,092 163,987 213,401 428,896 3,963,398 925,019 853,184 754,780 1,430,415 1,550,962 1,550,962 0 0 0 5,952,876 2,093,151 1,266,765 895,420 1,697,540 303,540,851 61,793,144 19,848,479 55,835,312 166,063,916 1.96% 0.69% 0.42% 0.29% 116,633,439 36,543,393 16,736,239 27,235,891 36,117,916 181,584,539 22,204,830 1,458,713 28,332,780 129,588,216 370,921 65,645 6,800 110,830 187,646 1,198,265 403,330 162,500 209,100 423,335 3,954,607 944,023 794,262 773,230 1,443,092 1,588,922 1,588,922 0 0 0 5,626,585 2,056,026 1,294,497 664,040 1,612,022 310,957,278 63,806,169 20,453,011 57,325,871 169,372,227 0.00% 0.00% 0.00% TOTAL READING LYNNFIELD NO.READING WILMINGTON a 32.59% 10.02% 4.58% 7.59% 10.40% 62.23% 7.50% 0.44% 9.71% 44.58% 0.14% 0.02% 0.00% 0.05% 0.07% 0.45% 0.15% 0.06% 0.08% 0.16% 1.52% 0.40% 0.31% 0.27% 0.54% 0.42% 0.42% 0.00% 0.00% 0.00% 2.65% 0.85% 0.52% 0.48% 0.80% 100.00% 19.36% 5.91% 18.18% 56.55% 36.80% 11.48% 5.33% 8.56% 11.43% 58.89% 7.21% 0.46% 9.18% 42.04% 0.13% 0.02% 0.00% 0.04% 0.07% 0.40% 0.13% 0.05% 0.07% 0.15% 1.31% 0.30% 0.28% 0.25% 0.48% 0.51% 0.51% 0.00% 0.00% 0.00% 1.96% 0.69% 0.42% 0.29% 0.56% 100.00% 20.34% 6.54% 18.39% 54.73% 37.51% 11.75% 5.38% 8.76% 11.62% 58.39% 7.14% 0.47% 9.11% 41.67% 0.12% 0.02% 0.00% 0.04% 0.06% 0.39% 0.13% 0.05% 0.07% 0.14% 1.27% 0.30% 0.26% 0.25% 0.46% 0.51% 0.51% 0.00% 0.00% 0.00% 1.81% 0.66% 0.42% 0.21% 0.52% 100.00% 20.51% 6.58% 18.44% 54.47% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 11/30/2014 TOTAL OPERATING REVENUES (P,3) ADD: LESS: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 37,635,646.93 0.00 1,972.54 (33,648,240.22) (1,292.90) 3,988,086.35 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 11/30/2014 (8) MONTH OF MONTH OF % CHANGE YEAR THRU NOV 2013 NOV 2014 2013 2014 NOV 2013 NOV 2014 SALE OF KWH (P.5) 55,083,781 54,416,344 -0.85% -2.39% 310,957,278 303,540,851 KWH PURCHASED 55,217,486 54,368,253 -1.21% -3.12% 315,292,717 305,458,591 AVE BASE COST PER KWH 0.045001 0.026120 3.98% - 42.93% 0.039667 0.022636 AVE BASE SALE PER KWH 0.064275 0.030382 0.57% - 52.40% 0.064925 0.030906 AVE COST PER KWH 0.076489 0.069803 -8.72% - 16.24% 0.078149 0.065457 AVE SALE PER KWH 0.104246 0.074817 -2.85% - 25.79% 0.109253 0.081080 FUEL CHARGE REVENUE (P.3) 2,201,768.18 2,418,013.33 -8.25% 10.49% 13,783,959.77 15,229,940.94 LOAD FACTOR 73.96% 74.52% PEAK LOAD 102,274 99,937 (8) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 11/30/2014 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) PREVIOUS YEAR 7,266,674.64 3,000.00 7,269,674.64 4,310,600.30 121,420.35 1,542,175.45 4,033,462.29 6,697,915.09 200,000.00 3,134,091.75 150,000.00 746,547.12 474,015.54 21,410,227.89 0.00 28,679,902.53 SCHEDULE A CURRENT YEAR 10,197,816.12 3,000.00 10,200,816.12 5,560,253.19 0.00 1,562,026.25 5,982,419.73 6,748,633.58 200,000.00 1,695,954.84 150,000.00 831,605.77 570,798.09 23,301,691.45 1,292,906.26 34,795,413.83 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 11/30/2014 PREVIOUS YEAR SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 4,764,845.57 ACCOUNTS RECEIVABLE - OTHER 214,857.83 ACCOUNTS RECEIVABLE - LIENS 33,123.35 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 892.14 SALES DISCOUNT LIABILITY (370,631.61) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (250,850.15) TOTAL ACCOUNTS RECEIVABLE BILLED 4,392,237.13 UNBILLED ACCOUNTS RECEIVABLE 4,158,022.50 TOTAL ACCOUNTS RECEIVABLE, NET 8,550,259.63 SCHEDULE OF PREPAYMENTS PREPAID INSURANCE 396,579.95 PREPAYMENT PURCHASED POWER 7,896.56 PREPAYMENT PASNY 242,260.90 PREPAYMENT WATSON 154,054.65 PURCHASED POWER WORKING CAPITAL 14,523.70 TOTAL PREPAYMENT 815,315.76 ACCOUNTS RECEIVABLE AGING NOVEMBER 2014: RESIDENTIAL AND COMMERCIAL 4,224,757.80 LESS: SALES DISCOUNT LIABILITY (271,535.26) GENERAL LEDGER BALANCE 3,953,222.54 CURRENT 3,601,994.22 91.11% 30 DAYS 247,019.62 6.25% 60 DAYS 49,744.60 1.26% 90 DAYS 11,668.71 0.30% OVER 90 DAYS 42,795.39 1.08% TOTAL 3,953,222.54 100.00% (10) SCHEDULE B CURRENT YEAR 4,224,757.80 88,706.53 28,192.64 892.14 (271,535.26) (267,384.59) 3,803,629.26 5,622,269.28 9,425,898.54 389,801.18 168,532.38 259,957.39 286,469.29 12,700.11 1,117,460.35 a TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT (11) SCHEDULE OF OPERATING REVENUE 11/30/2014 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,219,856.09 1,609,139.07 14,292,277.68 10,671,029.93 - 25.34% COMM AND INDUSTRIAL SALES 3,242,892.85 2,241,917.00 18,300,321.71 12,837,831.03 - 29.85% PRIVATE STREET LIGHTING 5,262.54 8,948.29 27,686.77 47,068.00 70.00% TOTAL PRIVATE CONSUMERS 5,468,011.48 3,860,004.36 32,620,286.16 - 27.79% 23,555,928.96 MUNICIPAL SALES: STREET LIGHTING 25,899.64 29,860.45 134,200.60 149,302.25 11.25% MUNICIPAL BUILDINGS 83,914.12 61,810.23 439,905.66 314,669.66 - 28.47% TOTAL MUNICIPAL CONSUMERS 109,813.76 91,670.68 574,106.26 - 19.18% 463.971.91 SALES FOR RESALE 27,774.08 18,322.30 180,209.02 133,044.75 - 26.17% SCHOOL 136,651.53 101,285.00 598,387.49 458,291.53 - 23.41% SUB -TOTAL 5,742,250.85 4,071,282.34 33,972,988.93 24,611,237.15 - 27.56% FORFEITED DISCOUNTS 63,169.87 41,756.80 372,714.79 322,366.95 - 13.51% PURCHASED POWER CAPACITY 48,520.06 2,353,985.58 135,515.61 12,705,459.98 9275.64% ENERGY CONSERVATION - RESIDENTIAL 18,725.51 17,747.98 116,694.24 111,743.90 -4.24% ENERGY CONSERVATION - COMMERCIAL 35,452.84 35,502.64 189,607.84 185,102.28 -2.38% SAW REVENUE 55,067.98 0.00 310,970.38 0.00 - 100.00% HYPA CREDIT (53,708.49) (68,098.89) (226,970.73) (300,263.33) 32.29% TOTAL REVENUE 5,909,478.62 34,871,521.06 7.93% 6,452,176.45 37,635,646.93 (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 11/30/2014 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 1,609,139.07 499,476.23 223,810.73 373,463.58 512,388.53 INDUS /MUNI BLDG 2,303,727.23 319,240.28 32,563.73 374,663.16 1,577,260.06 PUB.ST.LIGHTS 29,860.45 10,014.23 4,024.08 5,267.05 10,555.09 PRV.ST.LIGHTS 8,948.29 1,504.29 177.54 2,959.09 4,307.37 CO -OP RESALE 18,322.30 18,322.30 0.00 0.00 0.00 SCHOOL 101,285.00 32,834.74 19,731.59 19,569.69 29,148.98 TOTAL 4,071,282.34 881,392.07 280,307.67 775,922.57 2,133,660.03 THIS YEAR TO DATE RESIDENTIAL 10,671,029.93 3,342,401.00 1,535,016.73 2,475,360.43 3,318,251.77 INDUS /MUNI BLDG 13,152,500.69 1,818,812.57 181,676.81 2,146,241.29 9,005,770.02 PUB.ST.LIGHTS 149,302.25 50,071.15 20,120.40 26,335.25 52,775.45 PRV.ST.LIGHTS 47,068.00 7,842.68 925.80 15,342.12 22,957.40 CO -OP RESALE 133,044.75 133,044.75 0.00 0.00 0.00 SCHOOL 458,291.53 162,483.22 96,902.76 70,253.08 128,652.47 TOTAL 24,611,237.15 5,514,655.37 1,834,642.48 4,733,532.18 12,528,407.12 LAST YEAR TO DATE RESIDENTIAL 14,292,277.68 4,499,594.29 2,040,146.03 3,337,151.35 4,415,386.01 INDUS /MUNI BLDG 18,740,227.37 2,507,285.91 247,533.77 3,013,693.12 12,971,714.57 PUB.ST.LIGHTS 134,200.60 43,637.55 17,232.10 23,800.89 49,530.06 PRV.ST.LIGHTS 27,686.77 4,852.04 499.19 8,566.65 13,768.89 CO -OP RESALE 180,209.02 180,209.02 0.00 0.00 0.00 SCHOOL 598,387,49 219,522.51 135,345.32 73,188.49 170,331.17 TOTAL 33,972,988.93 7,455,101.32 2,440,756.41 6,456,400.50 17,620,730.70 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 39.52% 12.27% 5.50% 9.17% 12.59% INDUS /MUNI BLDG 56.58% 7.84% 0.80% 9.20% 38.74% PUB.ST.LIGHTS 0.73% 0.25% 0.10% 0.13% 0.26% PRV.ST.LIGHTS 0.22% 0.04% 0100% 0.07% 0.11% CO -OP RESALE 0.45% 0.45% 0.00% 0.00% 0.00% SCHOOL 2.49% 0.81% 0.48% 0.48% 0.72% TOTAL 100.00% 21.65% 6.88% 19.06% 52.41% THIS YEAR TO DATE RESIDENTIAL 43.36% 13.58% 6.24% 10.06% 13.48% INDUS /MUNI BLDG 53.44% 7.39% 0.74% 8.72% 36.59% PUB.ST.LIGHTS 0.61% 0.20% 0.08% 0.11% 0.21% PRV.ST.LIGHTS 0.1996 0.03% 0.00% 0.06% 0.09% CO -OP RESALE 0.54% 0.54% 0.00% 0.00% 0.00% SCHOOL 1.86% 0.66% 0.39% 0.29% 0.52% TOTAL 100.00% 22.41% 7.45% 19.23% 50.91% LAST YEAR TO DATE RESIDENTIAL 42.76% 13.32% 6.18% 10.02% 13.24% INDUS /MUNI BLDG 54.60% 7.19% 0.72% 8.81% 37.88% PUB.ST.LIGHTS 0.38% 0.12% 0.05% 0.07% 0.14% PRV.ST.LIGHTS 0.08% 0.01% 0.00% 0.02% 0.05% CO -OP RESALE 0.54% 0.54% 0.00% 0.00% 0.00% SCHOOL 1.64% 0.59% 0.37% 0.20% 0.48% TOTAL 100.00% 21.77% 7.32% 19.12% 51.79% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 11/30/2014 SCHEDULE E 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 6 EXPENSE ACCT 6 COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN 6 GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS 6 BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT 6 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 35,933.87 MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER CAPACITY 1,805,123.06 1,420,085.36 7,415,673.14 6,914,503.39 -6.766 PURCHASED POWER TRANSMISSION 679,738.69 719,062.29 5,091,139.95 5,644,927.31 10.88% TOTAL PURCHASED POWER 2,484,861.75 2,139,147.65 12,506,813.09 12,559,430.70 0.42% 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 6 EXPENSE ACCT 6 COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN 6 GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS 6 BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT 6 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 35,933.87 40,918.14 218,069.45 223,285.37 2.39% 8,593.80 12,144.72 45,816.59 66,306.26 44.72% 72,498.09 67,916.24 304,441.27 290,282.40 -4.65% 36,758.80 41,127.47 211,228.59 194,986.31 -7.69% 7,516.37 11,849.03 30,508.24 38,382.20 25.81% 15,867.70 14,054.65 85,474.53 73,231.80 - 14.32% 23,332.75 34,971.74 141,083.46 175,799.94 24.61% 1,262.31 1,070.03 13,529.35 7,568.66 - 44.06% 108,547.28 135,599.59 627,723.88 740,092.25 17.90% 10,500.00 10,000.00 52,500.00 50,000.00 -4.76% 34,839.75 30,841.27 183,786.34 168,184.55 -8.49% 58,174.00 74,563.23 364,492.52 351,824.36 -3.48% 24,811.39 27,039.14 112,384.52 122,489.31 8.99% 6,065.02 69,317.96 152,727.02 190,950.48 25.03% 29,926.02 29,863.73 149,630.10 149,318.65 -0.21% 3,384.51 4,837.43 16,418.62 19,190.28 16.88% 151,827.57 224,289.28 1,131,069.48 1,214,632.95 7.39% 16,119.85 11,555.12 72,624.86 56,912.57 - 21.63% 13,692.53 13,834.40 82,049.32 69,684.68 - 15.07% 20,916.20 39,131.23 151,308.20 183,309.09 21.15% 680,567.81 894,924.40 4,146 866.34 4,386,432.11 5 78% 227.08 227.10 1,135.40 1,135.50 0.01% 17,435.17 66,218.79 78,027.92 265,485.45 240.24% 93,552.98 170,247.91 645,406.94 757,083.86 17.30% 17,244.15 17,327.00 77,239.34 65,400.30 - 15.33% 9,148.28 6,947.11 85,376.01 52,731.66 0.00% (66.25) (34.91) (386.64) (103.36) - 73.27% 38,853.01 40,114.73 201,961.92 186,324.90 -7.74% 1,043.23 0.00 10,157.01 0.00 - 100.00% 12,324.44 7,683.11 61,600.52 95,422.31 54.91% 189,762.09 308,730.84 1,160,518.42 1,423,480.62 22.66% 314,969.55 321,788.79 1,574,847.75 1,608,943.95 2.17% 1,738,646.02 2,374,999.11 12,133,014.13 13,079,952.84 7.804 116,666.67 118,000.00 583,333.35 590,000.00 1.14% 6,157,590.79 4.81% 5,525,473.89 32,105,393.08 33,648,240.22 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/2014 SCHEDULE G MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT ACTUAL BUDGET (114.50) % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER CAPACITY 6,914,503.39 6,888,908.00 25,595.39 0.37% PURCHASED POWER TRANSMISSION 5,644,927.31 5,345,686.00 299,241.31 5.60% TOTAL PURCHASED POWER 12,559,430.70 12,234,594.00 324,836.70 2.66% OPERATION SUP AND ENGINEERING EXP 223,285.37 233,712.00 (10,426.63) -4.46% STATION SUP LABOR AND MISC 66,306.26 43,195.00 23,111.26 53.50% LINE MISC LABOR AND EXPENSE 290,282.40 265,099.00 25,183.40 9.50% STATION LABOR AND EXPENSE 194,986.31 159,872.00 35,114.31 21.96% STREET LIGHTING EXPENSE 38,382.20 33,991.00 4,391.20 12.92% METER EXPENSE 73,231.80 90,909.00 (17,677.20) - 19.44% MISC DISTRIBUTION EXPENSE 175,799.94 159,271.00 16,528.94 10.38% METER READING LABOR & EXPENSE 7,568.66 12,643.00 (5,074.34) - 40.14% ACCT & COLL LABOR & EXPENSE 740,092.25 693,200.00 46,892.25 6.76% UNCOLLECTIBLE ACCOUNTS 50,000.00 50,000.00 0.00 0.00% ENERGY AUDIT EXPENSE 168,184.55 196,504.00 (28,319.45) - 14.41% ADMIN & GEN SALARIES 351,824.36 337,203.00 14,621.36 4.34% OFFICE SUPPLIES & EXPENSE 122,489.31 125,500.00 (3,010.69) -2.40% OUTSIDE SERVICES 190,950.48 166,925.00 24,025.48 14.39% PROPERTY INSURANCE 149,318.65 188,920.00 (39,601.35) - 20.96% INJURIES AND DAMAGES 19,190.28 20,790.00 (1,599.72) -7.69% EMPLOYEES PENSIONS & BENEFITS 1,214,632.95 1,230,590.00 (15,957.05) -1.30% MISC GENERAL EXPENSE 56,912.57 134,732.00 (77.,819.43) - 57.76% RENT EXPENSE 69,684.68 88,335.00 (18,650.32) - 21.11% ENERGY CONSERVATION 183,309.09 321,608.00 (138,298.91) - 43.00% TOTAL OPERATION EXPENSES 4,386,432.11 4,552,999.00 (166,566.89) -3.66% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 1,135.50 1,250.00 (114.50) -9.16% MAINT OF STRUCT AND EQUIPMENT 265,485.45 197,105.00 68,380.45 34.69% MAINT OF LINES - OH 757,083.86 684,429.00 72,654.86 10.62% MAINT OF LINES - UG 65,400.30 54,267.00 11,133.30 20.52% MAINT OF LINE TRANSFORMERS 52,731.66 78,000.00 (25,268.34) - 32.40% MAINT OF ST LT & SIG SYSTEM (103.36) 3,978.00 (4,081.36) - 102.60% MAINT OF GARAGE AND STOCKROOM 186,324.90 218,497.00 (32,172.10) - 14.72% MAINT OF METERS 0.00 25,421.00 (25,421.00) - 100.00% MAINT OF GEN PLANT 95,422.31 70,645.00 24,777.31 35.07% TOTAL MAINTENANCE EXPENSES 1,423,480.62 1,333,592.00 89,888.62 6.74% DEPRECIATION EXPENSE 1,608,943.95 1,621,665.00 (12,721.05) -0.78% PURCHASED POWER FUEL EXPENSE 13,079,952.84 13,911,216.00 (831,263.16) -5.98% VOLUNTARY PAYMENTS TO TOWNS 590,000.00 590,000.00 0.00 0.00% TOTAL OPERATING EXPENSES 33,648,240.22 (595,825.78) -1.74% 34,244,066.00 * ( ) = ACTUAL UNDER BUDGET (12A) PI A (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/2014 RESPONSIBLE REMAINING SENIOR 2015 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER CAPACITY JP 16,332,282.00 6,914,503.39 9,417,778.61 57.66% PURCHASED POWER TRANSMISSION JP 12,556,732.00 5,644,927.31 6,911,804.69 55.04% TOTAL PURCHASED POWER 28,889,014.00 12,559,430.70 56.53% 16,329,583.30 OPERATION SUP AND ENGINEERING EXP KS 583,668.00 223,285.37 360,382.63 61.74% STATION SUP LABOR AND MISC KS 108,848.00 66,306.26 42,541.74 39.08% LINE MISC LABOR AND EXPENSE KS 657,259.00 290,282.40 366,976.60 55.83% STATION LABOR AND EXPENSE KS 398,849.00 194,986.31 203,862.69 51.11% STREET LIGHTING EXPENSE KS 82,907.00 38,382.20 44,524.80 53.70% METER EXPENSE KS 247,938.00 73,231.80 174,706.20 70.46% MISC DISTRIBUTION EXPENSE KS 402,885.00 175,799.94 227,085.06 56.36% METER READING LABOR & EXPENSE KS 30,922.00 7,568.66 23,353.34 75.52% ACCT & COLL LABOR & EXPENSE RF 1,705,333.00 740,092.25 965,240.75 56.60% UNCOLLECTIBLE ACCOUNTS RF 120,000.00 50,000.00 70,000.00 58.33% ENERGY AUDIT EXPENSE JP 488,284.00 168,184.55 320,099.45 65.56% ADMIN & GEN SALARIES CO 842,170.00 351,824.36 490,345.64 58.22% OFFICE SUPPLIES & EXPENSE CO 301,000.00 122,489.31 178,510.69 59.31% OUTSIDE SERVICES CO 351,650.00 190,950.48 160,699.52 45.70% PROPERTY INSURANCE KS 453,200.00 149,318.65 303,881.35 67.05% INJURIES AND DAMAGES KS 49,059.00 19,190.28 29,868.72 60.88% EMPLOYEES PENSIONS & BENEFITS KS 2,746,619.00 1,214,632.95 1,531,986.05 55.78% MISC GENERAL EXPENSE CO 240,727.00 56,912.57 183,814.43 76.36% RENT EXPENSE KS 212,000.00 69,684.68 142,315.32 67.13% NERGY CONSERVATION JP 778,812.00 183,309.09 595,502.91 76.46% OTAL OPERATION EXPENSES 10,802,130.00 4,386,432.11 6,415,697.89 59.39% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 1,135.50 1,864.50 62.15% MAINT OF STRUCT AND EQUIPMT KS 484,026.00 265,485.45 218,540.55 45.15% MAINT OF LINES - OH KS 1,675,794.00 757,083.86 918,710.14 54.82% MAINT OF LINES - UG KS 130,694.00 65,400.30 65,293.70 49.96% MAINT OF LINE TRANSFORMERS KS 156,000.00 52,731.66 103,268.34 66.20% MAINT OF ST LT & SIG SYSTEM KS 9,745.00 (103.36) 9,848.36 101.06% MAINT OF GARAGE AND STOCKROOM KS 567,531.00 186,324.90 381,206.10 67.17% MAINT OF METERS KS 43,290.00 0.00 43,290.00 100.00% MAINT OF GEN PLANT RF 170,180.00 95,422.31 74,757.69 43.93% TOTAL MAINTENANCE EXPENSES 3,240,260.00 1,423,480.62 1,816,779.38 56.07% DEPRECIATION EXPENSE RF 3,892,000.00 1,608,943.95 2,283,056.05 58.66% PURCHASED POWER FUEL EXPENSE JP 36,249,653.00 13,079,952.84 23,169,700.16 63.92% VOLUNTARY PAYMENTS TO TOWNS RF 1,416,000.00 590,000.00 826,000.00 58.33% TOTAL OPERATING EXPENSES 33,648,240.22 60.17% 84,489,057.00 50,840,816.78 A (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 11/30/2014 PROFESSIONAL SERVICES BY PROJECT ITEM 1 RMLD AND PENSION TRUST AUDIT FEES 2 LEGAL -FERC /ISO /POWER /OTHER 3 NERC COMPLIANCE AND AUDIT 4 LEGAL 5 LEGAL - GENERAL 6 LEGAL SERVICES 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL 8 INSURANCE CONSULTANT /OTHER TOTAL PROFESSIONAL SERVICES BY VENDOR MELANSON HEATH & COMPANY PLM ELECTRIC POWER COMPANY RUBIN AND RUDMAN UTILTIY SERVICES INC. CHOATE HALL & STEWART WILLIAM F. CROWLEY- ATTORNEY HUDSON RIVER ENERGY GROUP STONE CONSULTING TRI COUNTY APPRAISAL OF SOUTH FLORIDA DUNCAN & ALLEN TOTAL DEPARTMENT ACTUAL BUDGET VARIANCE ACCOUNTING 33,582.24 35,000.00 (1,417.76) INTEGRATED RESOURCES 51,218.38 57,625.00 (6,406.62) E & 0 6,420.00 4,375.00 2,045.00 ENGINEERING 0.00 5,625.00 (5,625.00) GM 82,884.15 22,085.00 60,799.15 HR 16,845.71 26,665.00 (9,819.29) BLDG. MAINT. 0.00 4,300.00 (4,300.00) GEN. BENEFIT 0.00 11,250.00 (11,250.00) 190,950.48 166,925.00 24,025.48 (13) ACTUAL 29,920.00 2,230.00 125,155.29 6,420.00 8,834.96 2,477.24 2,925.62 1,000.00 525.00 11,462.37 F. Ef- RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 12/31/14 (14) GROSS MONTHLY TOTAL DATE CHARGES REVENUES NYPA CREDIT DEFERRED DEFERRED Jun -14 4,132,694.96 Jul -14 3,287,589.94 3,782,699.41 (35,898.34) 459,211.13 4,591,906.09 Aug -14 2,768,364.01 3,844,854.74 (47,884.92) 1,028,605.81 5,620,511.90 Sep -14 2,358,565.60 2,758,999.30 (73,836.15) 326,597.55 5,947,109.45 Oct -14 2,290,434.18 2,425,374.16 (74,545.03) 60,394.95 6,007,504.40 Nov -14 2,374,999.11 2,418,013.33 (68,098.89) (25,084.67) 5,982,419.73 (14) DIVISION RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2014 ACTUAL BUDGET VARIANCE CHANGE BUSINESS DIVISION 4,224,115 4,165,955 58,159 1.40% INTEGRATED RESOURCES AND PLANNING 402,712 575,737 (173,025) - 30.05% ENGINEERING AND OPERATIONS 2,133,899 1,986,764 147,135 7.41% FACILITY 1,866,543 1,986,412 (119,870) -6.03% GENERAL MANAGER 354,906 356,661 (1,755) -0.49% SUB -TOTAL 8,982,174 9,071,530 (89,356) -0.99% PURCHASED POWER CAPACITY 6,914,503 6,888,908 25,595 0.37% PURCHASED POWER TRANSMISSION 5,644,927 5,345,686 299,241 5.60% PURCHASED POWER FUEL 13,079,953 13,911,216 (831,263) -5.98% TOTAL 34,621,558 35,217,340 (595,782) -1.69% w (15) Dt: January 28, 2015 To: RMLB, Coleen O'Brien, Jeanne Foti Fr: Bob Fournier Sj: December 31, 2014 Report The results for the first six months ending December 31, 2014, for the fiscal year 2015 will be summarized in the following paragraphs. 1) Change in Net Assets: (Page 3A) *For the month of December, the net loss or the negative change in net assets was $121,194, decreasing the year to date net income to $3,052,517. The year to date budgeted net income was $3,895,562, resulting in net income being under budget by $843,044 or 21.6 %. Actual year to date fuel revenues exceeded fuel expenses by $1,677,274. 2) Revenues: (Page 3A) *Year to date base revenues were under budget by $202,743 or 1.8 %. Actual base revenues were $11.0 million compared to the budgeted amount of $11.2 million. 3) Expenses: (Page 12A) *Year to date purchased power base expense was over budget by $199,643 or 1.4 %. Actual purchased power base costs were 14.8 million and budgeted power base costs were $14.6 million. *Year to date operating and maintenance (O &M) expenses combined were under budget by $610 or .01 %. Actual and budget O &M expenses were $7.1 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $10,581,094. * Capital Fund balance was at $5,638,141. * Rate Stabilization Fund was at $6,752,704. * Deferred Fuel Fund was at $5,808,969. * Energy Conservation Fund was at $525,077. 5) General Information: *Year to date kwh sales (Page 5) were 356,850,752 which is 5.7 million kwh or 1.6 %, behind last year's actual figure. Budget Variance: IL *Cumulatively, the five divisions were under budget by $22,605 or .21 %. FINANCIAL REPORT 0 DECEMBER 31, 2014 ISSUE DATE: JANUARY 28, 2015 ASSETS CURRENT UNRESTRICTED CASH RESTRICTED CASH RESTRICTED INVESTMENTS RECEIVABLES, NET PREPAID EXPENSES INVENTORY TOTAL CURRENT ASSETS NONCURRENT INVESTMENT IN ASSOCIATED CO CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS TOTAL ASSETS TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 12/31/2014 (SCH A P.9) (SCH A P.9) (SCH A P.9) (SCH B P.10) (SCH B P.10) (SCH C P.2) (SCH C P.2) LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES 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 im PREVIOUS YEAR CURRENT YEAR 10,250,798.40 17,148,700.97 850,000.00 6,856,319.03 1,529,593.74 11519,286.11 38,154,698.25 31,379.32 69,875,363.39 10,584,094.96 21,613,150.32 1,292,906.26 8,379,329.54 2,111,849.72 1,429,545.03 45,410,875.83 26,993.75 69,697,352.11 69,906,742.71 69,724,345.86 108,061,440.96 115,135,221.69 5,501,090.35 5,725,254.05 719,656.51 835,189.91 399,624.15 565,058.48 52,044.21 164,997.28 6,672,415.22 7.290.499.72 2,885,367.88 2,918,870.73 2,885,367.88 2,918,870.73 9,557,783.10 10,209,370.45 69,875,363.39 69,697,352.11 4,555,865.98 5,638,141.20 24,072,428.49 29,590,357.93 98,503,657.86 104,925,851.24 108,061,440.96 115,135,221.69 9 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 12/31/2014 SCHEDULE C PREVIOUS YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 3,261.87 NEW ENGLAND HYDRO TRANSMISSION 28,117.45 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 31,379.32 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 STRUCTURES AND IMPROVEMENTS 6,430,835.66 EQUIPMENT AND FURNISHINGS 12,562,608.11 INFRASTRUCTURE 49,616,077.39 TOTAL CAPITAL ASSETS, NET 69,875,363.39 TOTAL NONCURRENT ASSETS 69,906,742.71 (2) CURRENT YEAR 2,975.74 24,018.01 26,993.75 1,265,842.23 6,108,069.51 12,418,272.32 49,905,168.05 69,697,352.11 69,724,345.86 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/2014 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 CAPACITY PURCHASED POWER TRANSMISSION 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 DECEMBER MONTH LAST YEAR 3,407,106.78 2,053,822.16 29,218.12 88,653.57 61,730.97 51,361.77 (45,701.57 5,646,191.80 MONTH LAST YEAR CURRENT YEAR YTD 8 CURRENT YEAR TO DATE TO DATE CHANGE 1,688,491.45 72,324.72 23,596,135.94 11,069,787.66 8,887,799.47 2,662,761.53 15,837,781.93 17,892,702.47 814,302.36 2,332,107.41 5,887,307.13 164,733.73 15,037,567.39 3,666,453.24 69,156.18 2,754,212.60 461,368.36 391,523.13 15,834,165.44 52,180.89 628,919.09 356,854.83 349,027.07 0.00 5,420,628.82 362,332.15 0.00 (81,999.49) (272,672.30) (382,262.82) 3.998 6,722,697.97 40,506,534.64 44,358,344.90 1,472,126.33 72,324.72 1,414,428.94 23,066.88 8,887,799.47 8,328,932.33 796,167.18 814,302.36 (194,405.25) 5,887,307.13 6,459,229.67 3,666,453.24 2,754,212.60 15,799,467.37 15,834,165.44 628,919.09 1,034,196.71 4,775,785.43 5,420,628.82 (1,394.32) 231,917.37 288,553.09 1,392,435,79 1,712,033.71 3.998 314,969.55 2,833.00 321,788.79 1,889,817.30 1,930,732.74 99,626.78 115,183.65 - 15.528 108,754.00 (184,509.81) 698,517.00 698,754.00 (988,926.08) 7,225,736.41 6,736,236.49 39,331,129.49 40,384,476.71 - 53.096 12.97% 9028.419 - 15.148 -2.198 100.00% 40.198 9.518 -6.298 9.718 0.228 13.508 22.958 2.178 0.038 2.688 (1,579,544.61) (13,538.52) 1,175,405.15 3,973,868.19 238.088 0.00 72,324.72 23,066.88 77,361.92 0.008 (191,768.41) (194,405.25) (1,150,610.50) (1,166,431.50) 1.388 5,819.92 13,520.26 23,380.78 70,884.88 203.188 (1,394.32) (1,500.29) (2,685.91) (2,793.19) 3.998 2,833.00 2,404.75 117,922.67 99,626.78 - 15.528 (184,509.81) (107,655.81) (988,926.08) (921,351.11) -6.838 (1,764,054.42) (121,19L. 33L 186,479.07 3,052,517.08 1536.928 (3) 98,317,178.79 101,873,334.16 3.628 98,503,657.86 104,925,851.24 6.528 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/2014 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 CAPACITY PURCHASED POWER TRANSMISSION 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 DECEMBER * ( ) = ACTUAL UNDER BUDGET ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE 11,069,787.66 11,272,531.00 (202,743.34) -1.80% 17,892,702.47 19,318,416.00 (1,425,713.53) -7.38% 15,037,567.39 15,227,260.00 (189,692.61) 100.00% 391,523.13 580,377.00 (188,853.87) - 32.54% 349,027.07 362,555.00 (13,527.93) -3.73% (382,262.82) (349,998.00) (32,264.82) 9.22% 44,358,344.90 46,411,141.00 (2,052,796.10) -4.42% 8,328,932.33 6,459,229.67 15,834,165.44 5,420,628.82 1,712,033.71 1,930,732.74 698,754.00 40,384,476.71 8,278,112.00 50,820.33 6,310,407.00 148,822.67 17,261,078.00 (1,426,912.56) 5,502,931.00 (82,302.18) 1,629,121.00 82,912.71 1,945,998.00 (15,265.26) 708,000.00 (9,246.00) 41,635,647.00 (1,251,170.29) 3,973,868.19 4,775,494.00 (801,625.81) 0.61% 2.36% -8.27% -1.50% 5.09% -0.78% -1.31% -3.01% - 16.79% 77,361.92 100,000.00 (22,638.08) - 22.64% (1,166,431.50) (1,166,430.00) (1.50) 0.00% 70,884.88 49,998.00 20,886.88 41.78% (2,793.19) (1,500.00) (1,293.19) 86.21% 99,626.78 138,000.00 (38,373.22) - 27.81% (921, 351. ll.L (879,932.00) (41,419.11) 4.71% 3,052,517.08 3,895,562.00 (843,044.92) 101,873,334.16 101,873,334.16 0.00 104,925,851.24 105,768,896.16 (843,044.92) (3A) - 21.64% 0.00% -0.80% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 12/31/2014 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 DECEMBER GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/14 (4) 4,130,584.59 1,000,000.00 10,803.92 1.930.732.74 7,072,121.25 1,433,980.05 5,638,141.20 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 12/31/2014 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 19,444,759 20,300,731 136,078,198 132,001,856 -3.00% COMM. AND INDUSTRIAL SALES 29,616,270 30,366,339 211,200,809 209,130,663 -0.98% PRIVATE STREET LIGHTING 75,285 79,634 446,206 473,424 6.10% TOTAL PRIVATE CONSUMERS 49,136,314 50,746,704 347,725,213 341,605,943 -1.76% MUNICIPAL SALES: STREET LIGHTING 240,021 242,689 1,438,286 1,457,065 1.31% MUNICIPAL BUILDINGS 767,060 781,454 4,721,667 4,744,852 0.49% TOTAL MUNICIPAL CONSUMERS 1,007,081 1,024,143 6,159,953 6,201,917 0.68% SALES FOR RESALE 196,018 220,731 1,784,940 1,771,693 -0.74% SCHOOL 1,257,107 1,318,323 6,883,692 7,271,199 5.63% TOTAL KILOWATT HOURS SOLD 51,596,520 53,309,901 362,553,798 356,850,752 -1.57% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 12/31/2014 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 20,300,731 5,876,065 3,064,022 4,199,962 7,160,682 COMM & IND 30,366,339 3,756,185 249,059 4,444,092 21,917,003 PVT ST LIGHTS 79,634 13,418 1,524 24,860 39,832 PUB ST LIGHTS 242,689 81,549 32,770 42,664 85,706 MUNI BLDGS 781,454 231,604 159,682 121,771 268,397 SALES /RESALE 220,731 220,731 0 0 0 SCHOOL 1,318,323 418,115 280,685 226,220 393,303 TOTAL 53,309,901 10,597,667 3,787,742 9,059,569 29,864,923 YEAR TO DATE RESIDENTIAL 132,001,856 40,728,564 19,235,022 30,191,268 41,847,002 COMM & IND 209,130,663 25,652,832 1,634,982 32,300,531 149,542,318 PVT ST LIGHTS 473,424 80,192 9,144 148,826 235,262 PUB ST LIGHTS 1,457,065 489,641 196,757 256,065 514,602 MUNI BLDGS 4,744,852 1,156,623 1,012,866 876,551 1,698,812 SALES /RESALE 1,771,693 1,771,693 0 0 0 SCHOOL 7,271,199 2,511,266 1,547,450 1,121,640 2,090,843 TOTAL 356,850,752 72,390,811 23,636,221 64,894,881 195,928,839 LAST YEAR TO DATE RESIDENTIAL 136,078,198 42,364,763 19,578,083 31,553,350 42,582,002 COMM & IND 211,200,809 25,831,508 1,718,672 32,421,331 151,229,298 PVT ST LIGHTS 446,206 78,774 8,270 133,298 225,864 PUB ST LIGHTS 1,438,286 484,032 195,000 251,232 508,022 MUNI BLDGS 4,721,667 1,172,195 946,931 890,094 1,712,447 SALES /RESALE 1,784,940 1,784,940 0 0 0 SCHOOL 6,883,692 2,477,598 1,582,622 824,360 1,999,112 TOTAL 362,553,798 74,193,810 24,029,578 66,073,665 198,256,745 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 38.08% 11.02% 5.75% 7.88% 13.43% COMM & IND 56.96% 7.05% 0.47% 8.34% 41.10% PVT ST LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% PUB ST LIGHTS 0.46% 0.15% 0.06% 0.08% 0.17% MUNI BLDGS 1.47% 0.43% 0.30% 0.23% 0.51% SALES /RESALE 0.41% 0.41% 0.00% 0.00% 0.00% SCHOOL 2.47% 0.78% 0.53% 0.42% 0.74% TOTAL 100.00% 19.87% 7.11% 17.00% 56.02% YEAR TO DATE RESIDENTIAL 36.99% 11.41% 5.39% 8.46% 11.73% COMM & IND 58.60% 7.19% 0.46% 9.05% 41.90% PVT ST LIGHTS 0.13% 0.02% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% MUNI BLDGS 1.33% 0.32% 0.28% 0.25% 0.48% SALES /RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 2.04% 0.70% 0.43% 0.31% 0.60% TOTAL 100.00% 20.28% 6.62% 18.18% 54.92% LAST YEAR TO DATE RESIDENTIAL 37.54% 11.69% 5.40% 8.70% 11.75% COMM & IND 58.25% 7.12% 0.47% 8.94% 41.72% 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 1.30% 0.32% 0.26% 0.25% 0.47% SALES /RESALE 0.49% 0.49% 0.00% 0.00% 0.00% SCHOOL 1.90% 0.68% 0.44% 0.23% 0.55% TOTAL 100.00% 20.45% 6.62% 18.23% 54.70% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 12/31/2014 TOTAL OPERATING REVENUES (P.3) ADD: LESS: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 44,358,344.90 0.00 2,379.60 (40,384,476.71) (2,793.19) 3,973,454.60 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 12/31/2014 MONTH OF DEC 2013 51,596,520 60,841,227 0.037698 0.066034 0.097961 0.105839 2,053,822.16 71.90% 115,912 MONTH OF % CHANGE YEAR THRU DEC 2014 2013 2014 DEC 2013 DEC 2014 53,309,901 -1.4696 -1.57% 362,553,798 356,850,752 51,136,295 -1.76% -5.19% 376,133,944 356,594,886 0.027660 4.31% - 40.64% 0.039349 0.023357 0.031673 0.61% - 52.34% 0.065083 0.031021 0.081520 -4.04% - 16.71% 0.081354 0.067761 0.081622 -4.29% - 25.38% 0.108767 0.081161 2,662,761.53 - 12.07% 12.97% 15,837,781.93 17,892,702.47 63.96% 109,529 (8) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 12/31/2014 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 SCHEDULE A PREVIOUS YEAR CURRENT YEAR 10,247,798.40 10,581,094.96 3,000.00 3,000.00 10,250,798.40 10,584,094.96 4,555,865.98 0.00 0.00 2,375,129.64 6,701,132.09 200,000.00 2,035,367.88 150,000.00 719,656.51 411,548.87 5,638,141.20 0.00 0.00 5,808,969.17 6,752,704.96 200,000.00 1,703,067.10 150,000.00 835,189.91 525,077.98 17,148,700.97 21,613,150.32 1,292,906.26 850.000.00 TOTAL CASH BALANCE 28,249,499.37 33,490,151.54 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 12/31/2014 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 DECEMBER 2014: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL PREVIOUS YEAR 2,970,327.56 174,697.25 37,169.47 892.14 (256,649.05) (228,140.84) 2,698,296.53 SCHEDULE B CURRENT YEAR 3,112,258.30 109,841.03 37,433.70 892.14 (241,453.34) _(261,911.57) 2,757,060.26 4,158,022.50 5,622,269.28 6,856,319.03 8,379,329.54 1,301,586.22 (182,311.68) 242,260.90 153,534.60 14,523.70 1,529,593.74 3,112,258.30 (241,453.34) 2,870,804.96 2,514,143.57 87.57% 253,167.09 8.82% 54,761.00 1.91% 10,882.22 0.38% 37,851.08 1.32% 2,870,804.96 100.00% 1,363,687.83 292,218.45 259,957.39 183,285.94 12,700.11 2,111,849.72 MUNICIPAL SALES: STREET LIGHTING TOWN OF READING, MASSACHUSETTS 29,862.95 160,116.25 179,165.20 MUNICIPAL LIGHT DEPARTMENT MUNICIPAL BUILDINGS 82,592.19 63,341.27 522,497.85 SCHEDULE OF OPERATING REVENUE 12/31/2014 TOTAL MUNICIPAL CONSUMERS 108,507.84 93,204.22 682,614.10 557,176.13 - 18.38% SCHEDULE D SALES FOR RESALE 21,353.23 MONTH MONTH LAST YEAR CURRENT YEAR YTD $ SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,304,281.88 1,931,030.98 16,596,559.56 12,602,060.91 - 24.07% COMM AND INDUSTRIAL SALES 2,894,470.89 2,198,959.18 21,194,792.60 15,036,790.21 - 29.05% PRIVATE STREET LIGHTING 5,310.21 9,509.48 32,996.98 56,577.48 71.46% TOTAL PRIVATE CONSUMERS 5,204,062.98 4,139,499.64 37,824,349.14 27,695,428.60 - 26.78% MUNICIPAL SALES: STREET LIGHTING 25,915.65 29,862.95 160,116.25 179,165.20 11.90% MUNICIPAL BUILDINGS 82,592.19 63,341.27 522,497.85 378,010.93 - 27.65% TOTAL MUNICIPAL CONSUMERS 108,507.84 93,204.22 682,614.10 557,176.13 - 18.38% SALES FOR RESALE 21,353.23 18,738.74 201,562.25 151,783.49 - 24.70% SCHOOL 127,004.89 99,810.38 725,392.38 558,101.91 - 23.06% SUB -TOTAL 5,460,928.94 4,351,252.98 39,433,917.87 28,962,490.13 - 26.55% FORFEITED DISCOUNTS 88,653.57 69,156.18 461,368.36 391,523.13 - 15.14% PURCHASED POWER CAPACITY 29,218.12 2,,332,107.41 164,733.73 15,037,567.39 9028.41% ENERGY CONSERVATION - RESIDENTIAL 19,456.48 20,310.69 136,150.72 132,054.59 -3.01% ENERGY CONSERVATION - COMMERCIAL 42,274.49 31,870.20 220,704.11 216,972.48 -1.69% GAW REVENUE 51,361.77 0.00 362,332.15 0.00 - 100.00% NYPA CREDIT (45,701.57) (81,999.49) (272,672.30) (382,262.82) 40.19% TOTAL REVENUE 5,646,191.80 9.51% 44,358,344.90 40,506,534.64 6,722,697.97 0 w TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 12/31/2014 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 1,931,030.98 565,079.73 288,428.25 400,516.63 677,006.37 INDUS /MUNI BLDG 2,262,300.45 324,253.24 34,520.56 355,765.75 1,547,760.90 PUB.ST.LIGHTS 29,862.95 10,014.23 4,024.08 5,269.55 10,555.09 PRV.ST.LIGHTS 9,509.48 1,571.38 185.16 3,083.39 4,669.55 CO -OP RESALE 18,738.74 18,738.74 0.00 0.00 0.00 SCHOOL 99,810.38 32,259.71 20,590.45 17,824.04 29,136.18 TOTAL 4,351,252.98 951,917.03 347,748.50 782,459.36 2,269,128.09 THIS YEAR TO DATE RESIDENTIAL 12,602,060.91 3,907,480.73 1,823,444.98 2,875,877.06 3,995,258.14 INDUS /MUNI BLDG 15,414,801.14 2,143,065.81 216,197.37 2,502,007.04 10,553,530.92 PUB.ST.LIGHTS 179,165.20 60,085.38 24,144.48 31,604.80 63,330.54 PRV.ST.LIGHTS 56,577.48 9,414.06 1,110.96 18,425.51 27,626.95 CO -OP RESALE 151,783.49 151,783.49 0.00 0.00 0.00 SCHOOL 558,101.91 194,742.93 117,493.21 88,077.12 157,788.65 TOTAL 28,962,490.13 6,466,572.40 2,182,390.98 5,515,991.54 14,797,535.21 LAST YEAR TO DATE RESIDENTIAL 16,596,559.56 5,193,848.19 2,374,662.43 3,848,620.33 5,179,428.61 INDUS /MUNI BLDG 21,717,290.45 2,920,532.11 292,158.92 3,457,590.47 15,047,008.95 PUB.ST.LIGHTS 160,116.25 52,046.58 20,548.13 28,422.34 59,099.20 PRV.ST.LIGHTS 32,996.98 5,765.57 599.63 10,212.97 16,418.81 CO -OP RESALE 201,562.25 201,562.25 0.00 0.00 0.00 SCHOOL 725,392.38 262,793.76 163,641.43 89,980.61 208,976.58 TOTAL 39,433,917.87 8,636,548.46 2,851,610.54 7,434,826.72 20,510,932.15 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH , RESIDENTIAL 44.38% 12.99% 6.63% 9.20% 15.56% INDUS /MUNI BLDG 51.99% 7.45% 0.79% 8.18% 35.57% PUB.ST.LIGHTS 0.69% 0.23% 0.09% 0.12% 0.24% PRV.ST.LIGHTS 0.22% 0.04% 0.00% 0.07% 0.11% CO -OP RESALE 0.43% 0.43% 0.00% 0.00% 0.00% SCHOOL 2.29% 0.74% 0.47% 0.41% 0.67% TOTAL 100.00% 21.88% 7.99% 17.98% 52.15% THIS YEAR TO DATE RESIDENTIAL 43.51% 13.49% 6.30% 9.93% 13.79% INDUS /MUNI BLDG 53.22% 7.40% 0.75% 8.64% 36.44% PUB.ST.LIGHTS 0.62% 0.21% 0.08% 0.11% 0.22% PRV.ST.LIGHTS 0.20% 0.03% 0.00% 0.06% 0.10% CO -OP RESALE 0.52% 0.52% 0.00% 0.00% 0.00% SCHOOL 1.93% 0.67% 0.41% 0.30% 0.54% TOTAL 100.00% 22.33% 7.54% 19.05% 51.09% LAST YEAR TO DATE RESIDENTIAL 42.09% 13.17% 6.02% 9.76% 13.14% INDUS /MUNI BLDG 55.07% 7.41% 0.74% 8.77% 38.15% PUB.ST.LIGHTS 0.41% 0.13% 0.05% 0.07% 0.16% PRV.ST.LIGHTS 0.08% 0.01% 0.00% 0.03% 0.04% • CO -OP RESALE 0.51% 0.51% 0.00% 0.00% 0.00% SCHOOL 1.84% 0.67% 0.41% 0.23% 0.53% TOTAL 100.00% 21.90% 7.22% 18.86% 52.02% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 12/31/2014 SCHEDULE E (1Z) MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER CAPACITY 1,472,126.33 1,414,428.94 8,887,799.47 8,328,932.33 -6.29% PURCHASED POWER TRANSMISSION 796,167.18 814,302.36 5,887,307.13 6,459,229.67 9.71% TOTAL PURCHASED POWER 2,268,293.51 2,228,731.30 14,775,106.60 14,788,162.00 0.09% OPERATION SUP AND ENGINEERING EXP 39,095.46 42,406.96 257,164.91 265,692.33 3.32% STATION SUP LABOR AND MISC 8,481.58 10,928.37 54,298.17 77,234.63 42.24% LINE MISC LABOR AND EXPENSE 76,771.06 79,469.07 381,212.33 369,751.47 -3.01% STATION LABOR AND EXPENSE 38,488.54 59,584.28 249,717.13 254,570.59 1.94% STREET LIGHTING EXPENSE 6,094.62 8,881.42 36,602.86 47,263.62 29.13% METER EXPENSE 18,399.52 17,582.14 103,874.05 90,813.94 - 12.57% MISC DISTRIBUTION EXPENSE 33,668.17 42,569.79 174,751.63 218,369.73 24.96% METER READING LABOR & EXPENSE 1,707.63 1,148.21 15,236.98 8,716.87 - 42.79% ACCT & COLL LABOR & EXPENSE 132,397.95 151,131.34 760,121.83 891,223.59 17.25% UNCOLLECTIBLE ACCOUNTS 10,500.00 10,000.00 63,000.00 60,000.00 -4.76% ENERGY AUDIT EXPENSE 32,763.47 33,816.71 216,549.81 202,001.26 -6.72% ADMIN & GEN SALARIES 65,872.59 66,636.99 430,365.11 418,461.35 -2.77% OFFICE SUPPLIES & EXPENSE 24,842.59 24,398.22 137,227.11 146,887.53 7.04% OUTSIDE SERVICES 55,789.68 19,897.90 208,516.70 210,848.38 1.12% PROPERTY INSURANCE 29,925.89 29,863.88 179,555.99 179,182.53 -0.21% INJURIES AND DAMAGES 3,384.53 3,810.17 19,803.15 23,000.45 16.15% EMPLOYEES PENSIONS & BENEFITS (71,993.48) 295,418.38 1,059,076.00 1,510,051.33 42.58% MISC GENERAL EXPENSE 25,781.43 24,833.61 98,406.29 81,746.18 - 16.93% RENT EXPENSE 13,786.36 13,918.27 95,835.68 83,602.95 - 12.76% ENERGY CONSERVATION 83,161.50 97,901.00 234,469.70 281,210.09 19.93% "OTAL OPERATION EXPENSES 628 919.09 1,034,196.71 4 775 785.43 5,420,628.82 13.50% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.10 227.00 1,362.50 1,362.50 0.00% MAINT OF STRUCT AND EQUIPMT 13,825.02 37,125.68 91,852.94 302,611.13 229.45% MAINT OF LINES - OH 153,912.28 155,304.41 799,319.22 912,388.27 14.15% MAINT OF LINES - UG 13,433.93 11,767.56 90,673.27 77,167.86 - 14.89% MAINT OF LINE TRANSFORMERS 421.52 7,333.46 85,797.53 60,065.12 0.00% MAINT OF ST LT & SIG SYSTEM (17.77) 18.88 (404.41) (84.48) - 79.11% MAINT OF GARAGE AND STOCKROOM 40,654.54 41,479.37 242,616.46 227,804.27 -6.11% MAINT OF METERS 263.66 0.00 10,420.67 0.00 - 100.00% MAINT OF GEN PLANT 9,197.09 35,296.73 70,797.61 130,719.04 84.64% TOTAL MAINTENANCE EXPENSES 231,917.37 288,553.09 1,392,435.79 1,712,033.71 22.95% DEPRECIATION EXPENSE 314,969.55 321,788.79 1,889,817.30 1,930,732.74 2.17% PURCHASED POWER FUEL EXPENSE 3,666,453.24 2,754,212.60 15,799,467.37 15,834,165.44 0.22% VOLUNTARY PAYMENTS TO TOWNS 115,183.65 108,754.00 698,517.00 698,754.00 0.03% TOTAL OPERATING EXPENSES 6,736,236.49 2.68% 7,225,736.41 39,331,129.49 40,384,476.71 (1Z) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/2014 SCHEDULE G MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT ACTUAL BUDGET (137.50) % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER CAPACITY 8,328,932.33 8,278,112.00 50,820.33 0.61% PURCHASED POWER TRANSMISSION 6,459,229.67 6,310,407.00 148,822.67 2.36% TOTAL PURCHASED POWER 14,788,162.00 14,588,519.00 199,643.00 1.37% MAINT OF ST LT & SIG SYSTEM (84.48) 4,906.00 OPERATION SUP AND ENGINEERING EXP 265,692.33 291,598.00 (25,905.67) -8.88% STATION SUP LABOR AND MISC 77,234.63 53,674.00 23,560.63 43.90% LINE MISC LABOR AND EXPENSE 369,751.47 337,992.00 31,759.47 9.40% STATION LABOR AND EXPENSE 254,570.59 196,591.00 57,979.59 29.49% STREET LIGHTING EXPENSE 47,263.62 41,780.00 5,483.62 13.12% METER EXPENSE 90,813.94 113,244.00 (22,430.06) - 19.81% MISC DISTRIBUTION EXPENSE 218,369.73 197,102.00 21,267.73 10.79% METER READING LABOR & EXPENSE 8,716.87 15,419.00 (6,702.13) - 43.47% ACCT & COLL LABOR & EXPENSE 891,223.59 851,619.00 39,604.59 4.65% UNCOLLECTIBLE ACCOUNTS 60,000.00 60,000.00 0.00 0.00% ENERGY AUDIT EXPENSE 202,001.26 241,886.00 (39,884.74) - 16.49% ADMIN & GEN SALARIES 418,461.35 420,442.00 (1,980.65) -0.47% OFFICE SUPPLIES & EXPENSE 146,887.53 150,600.00 (3,712.47) -2.47% OUTSIDE SERVICES 210,848.38 193,310.00 17,538.38 9.07% PROPERTY INSURANCE 179,182.53 226,704.00 (47,521.47) - 20.96% INJURIES AND DAMAGES 23,000.45 24,828.00 (1,827.55) -7.36% EMPLOYEES PENSIONS & BENEFITS 1,510,051.33 1,446,348.00 63,703.33 4.40% MISC GENERAL EXPENSE 81,746.18 145,452.00 (63,705.82) - 43.80% RENT EXPENSE 83,602.95 106,002.00 (22,399.05) - 21.13% ENERGY CONSERVATION 281,210.09 388,340.00 (107,129.91) - 27.59% TOTAL OPERATION EXPENSES 5,420,628.82 5,502,931.00 (82,302.18) -1.50% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 1,362.50 1,500.00 (137.50) -9.17% MAINT OF STRUCT AND EQUIPMENT 302,611.13 241,640.00 60,971.13 25.23% MAINT OF LINES - OH 912,388.27 837,940.00 74,448.27 8.88% MAINT OF LINES - UG 77,167.86 65,418.00 11,749.86 17.96% MAINT OF LINE TRANSFORMERS 60,065.12 78,000.00 (17,934.88) - 22.99% MAINT OF ST LT & SIG SYSTEM (84.48) 4,906.00 (4,990.48) - 101.72% MAINT OF GARAGE AND STOCKROOM 227,804.27 283,727.00 (55,922.73) - 19.71% MAINT OF METERS 0.00 31,126.00 (31,126.00) - 100.00% MAINT OF GEN PLANT 130,719.04 84,864.00 45,855.04 54.03% TOTAL MAINTENANCE EXPENSES 1,712,033.71 1,629,121.00 82,912.71 5.09% DEPRECIATION EXPENSE 1,930,732.74 1,945,998.00 (15,265.26) -0.78% PURCHASED POWER FUEL EXPENSE 15,834,165.44 17,261,078.00 (1,426,912.56) -8.27% VOLUNTARY PAYMENTS TO TOWNS 698,754.00 708,000.00 (9,246.00) -1.31% TOTAL OPERATING EXPENSES 41,635,647.00 -3.01% 40,384,476.71 (1,251,170.29) * ( ) = ACTUAL UNDER BUDGET (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/2014 (12B) RESPONSIBLE REMAINING SENIOR 2015 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER CAPACITY JP 16,332,282.00 8,328,932.33 8,003,349.67 49.00% PURCHASED POWER TRANSMISSION JP 12,556,732.00 6,459,229.67 6,097,502.33 48.56% TOTAL PURCHASED POWER 28,889,014.00 14,788,162.00 14,100,852.00 48.81% OPERATION SUP AND ENGINEERING EXP HJ 583,668.00 265,692.33 317,975.67 54.48% STATION SUP LABOR AND MISC HJ 108,848.00 77,234.63 31,613.37 29.04% LINE MISC LABOR AND EXPENSE HJ 657,259.00 369,751.47 287,507.53 43.74% STATION LABOR AND EXPENSE HJ 398,849.00 254,570.59 144,278.41 36.17% STREET LIGHTING EXPENSE HJ 82,907.00 47,263.62 35,643.38 42.99% METER EXPENSE HJ 247,938.00 90,813.94 157,124.06 63.37% MISC DISTRIBUTION EXPENSE HJ 402,885.00 218,369.73 184,515.27 45.80% METER READING LABOR & EXPENSE HJ 30,922.00 8,716.87 22,205.13 71.81% ACCT & COLL LABOR & EXPENSE RF 1,705,333.00 891,223.59 814,109.41 47.74% UNCOLLECTIBLE.ACCOUNTS RF 120,000.00 60,000.00 60,000.00 50.00% ENERGY AUDIT EXPENSE JP 488,284.00 202,001.26 286,282.74 58.63% ADMIN & GEN SALARIES CO 842,170.00 418,461.35 423,708.65 50.31% OFFICE SUPPLIES & EXPENSE CO 301,000.00 146,887.53 154,112.47 51.20% OUTSIDE SERVICES CO 351,650.00 210,848.38 140,801.62 40.04% PROPERTY INSURANCE HJ 453,200.00 179,182.53 274,017.47 60.46% INJURIES AND DAMAGES HJ 49,059.00 23,000.45 26,058.55 53.12% EMPLOYEES PENSIONS & BENEFITS HJ 2,746,619.00 1,510,051.33 1,236,567.67 45.02% MISC GENERAL EXPENSE CO 240,727.00 81,746.18 158,980.82 66.04% RENT EXPENSE HJ 212,000.00 83,602.95 128,397.05 60.56% 'RGY CONSERVATION JP 778,812.00 281,210.09 497,601.91 63.89% :`OTAL OPERATION EXPENSES 10,802,130.00 5,420,628.82 5,381,501.18 49.62% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT HJ 3,000.00 1,362.50 1,637.50 54.58% MAINT OF STRUCT AND EQUIPMT HJ 484,026.00 302,611.13 181,414.87 37.48% MAINT OF LINES - OH HJ 1,675,794.00 912,386.27 763,405.73 45.55% MAINT OF LINES - UG HJ 130,694.00 77,167.86 53,526.14 40.96% MAINT OF LINE TRANSFORMERS HJ 156,000.00 60,065.12 95,934.88 61.50% MAINT OF ST LT & SIG SYSTEM HJ 9,745.00 (84.48) 9,829.48 100.87% MAINT OF GARAGE AND STOCKROOM HJ 567,531.00 227,804.27 339,726.73 59.86% MAINT OF METERS HJ 43,290.00 0.00 43,290.00 100.00% MAINT OF GEN PLANT RF 170,180.00 130,719.04 39,460.96 23.19% TOTAL MAINTENANCE EXPENSES 3,240,260.00 1,712,033.71 1,528,226.29 47.16% DEPRECIATION EXPENSE RF 3,892,000.00 1,930,732.74 1,961,267.26 50.39% PURCHASED POWER FUEL EXPENSE JP 36,249,653.00 15,834,165.44 20,415,487.56 56.32% VOLUNTARY PAYMENTS TO TOWNS RF 1,416,000.00 698,754.00 717,246.00 50.65% TOTAL OPERATING EXPENSES 52.20% 44 ,104 580.29 84,489,057.00 40,384,476.71 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 12/31/2014 PROFESSIONAL SERVICES BY PROJECT ITEM 1 RMLD AND PENSION TRUST AUDIT FEES 2 LEGAL -FERC /ISO /POWER /OTHER 3 NERC COMPLIANCE AND AUDIT 4 LEGAL 5 LEGAL - GENERAL 6 LEGAL SERVICES 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL 8 INSURANCE CONSULTANT /OTHER TOTAL PROFESSIONAL SERVICES BY VENDOR MELANSON HEATH & COMPANY PLM ELECTRIC POWER COMPANY RUBIN AND RUDMAN UTILTIY SERVICES INC. CHOATE HALL & STEWART WILLIAM F. CROWLEY- ATTORNEY HUDSON RIVER ENERGY GROUP STONE CONSULTING TRI COUNTY APPRAISAL OF SOUTH FLORIDA DUNCAN & ALLEN TOTAL DEPARTMENT ACTUAL BUDGET VARIANCE ACCOUNTING 33,582.24 35,000.00 (1,417.76) INTEGRATED RESOURCES 63,029.66 69,150.00 (6,120.34) E & 0 7,820.00 5,250.00 2,570.00 ENGINEERING 6,337.50 6,750.00 (412.50) GM 82,884.15 26,502.00 56,382.15 HR 17,194.83 31,998.00 (14,803.17) BLDG. MAINT. 0.00 5,160.00 (5,160.00) GEN. BENEFIT 0.00 13,500.00 (13,500.00) 210,848.38 193,310.00 17,538.38 (13) ACTUAL 29,920.00 9,462.50 133,423.14 7,820.00 9,184.08 2,477.24 2,925.62 1,000.00 525.00 14,110.80 210,848.38 RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 12/31/14 (14) GROSS MONTHLY TOTAL DATE CHARGES REVENUES NYPA CREDIT DEFERRED DEFERRED Jun -14 4,132,694.96 Jul -14 3,287,589.94 3,782,699.41 (35,898.34) 459,211.13 4,591,906.09 Aug -14 2,768,364.01 3,844,854.74 (47,884.92) 1,028,605.81 5,620,511.90 Sep -14 2,358,565.60 2,758,999.30 (73,836.15) 326,597.55 5,947,109.45 Oct -14 2,290,434.18 2,425,374.16 (74,545.03) 60,394.95 6,007,504.40 Nov -14 2,374,999.11 2,418,013.33 (68,098.89) (25,084.67) 5,982,419.73 Dec -14 2,754,212.60 2,662,761.53 (81,999.49) (173,450.56) 5,808,969.17 (14) RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2014 DIVISION BUSINESS DIVISION INTEGRATED RESOURCES AND PLANNING ENGINEERING AND OPERATIONS FACILITY GENERAL MANAGER SUB -TOTAL ACTUAL BUDGET VARIANCE 5,073,497 5,013,356 60,141 546,241 699,376 (153,135) 2,593,895 2,436,756 157,139 2,300,398 2,380,464 (80,066) 417,341 424,026 (6,685) (1,249,875) -2.92% 10,931,372 10,953,978 (22,605) CHANGE 1.20% - 21.90% 6.45% -3.36% -1.58% -0.21% PURCHASED POWER CAPACITY 8,328,932 8,276,112 50,820 0.61% PURCHASED POWER TRANSMISSION 6,459,230 6,310,407 148,823 2.36% PURCHASED POWER FUEL 15,834,165 17,261,078 (1,426,913) -8.27% TOTAL 41,553,700 42,803,575 (1,249,875) -2.92% (15) RMLD 0 January 21, 2015 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MAO 1867-0250 Tel: (781) 9441340 Fax: (781) 942 -2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Line Truck Chassis Inspection, Preventative Maintenance and Repairs On December 31, 2014 a bid invitation was placed as a legal notice in the Reading Chronicle, Middlesex East and on December 29, 2014 in the Goods and Services Bulletin requesting proposals for Line Truck Chassis Inspection, Preventative Maintenance and Repairs for the Reading Municipal Light Department. An invitation to bid was sent to the following four companies: Lowell Fleet Maintenance Parker's Pitstop Ryder Truck Rental & Leasing Trucks S. Benedetto & Sons, Inc. Taylor & Lloyd, Inc. Bids were received from one company: �W The bid was publicly opened and read aloud at 11:00 a.m. on January 15, 2015, in the Town of Reading Municipal Light Department's Audio Visual Spurr Room, 230 Ash Street, Reading, Massachusetts. The bid was reviewed, analyzed and evaluated by staff and recommended by the General Manager. Move that bid 2015 -12 for: Line Truck Chassis Inspection, Preventative Maintenance and Repairs be awarded to: Taylor & Lloyd, Inc. for $100,192.30 as the lowest qualified and responsive bidder on the recommendation of the General Manager. (This is a 3 -year contract.) IFB 2015 -12 is funded through the Transportation Operating budget. C111c, Co lee O'Brien zuvt- 94OK44 OK amid J f Paula O'Leary �l x 76 c a U C (0 C N c cc 2 N f0 C C CL c O U N CL N G T) N N f0 L U Y U F- N C J N O N c 0 w m L � y (6 3 C N y O mm c > E X d c N L � � m O N r � m M 7 O w t N N O � N co f� N ai 7 y O NI Cf c O L M to C 0 3 0 c 0 C ` 'o ^ co o G r O T, m p m } N M c V O C > c +�. L O m �p C U aNi a�'i c O E cu H �m 102 ~ ° O c (0 d ~ H y Q O D a y p ` Z ` G U Z O V � •y � C J r4 vOi c C ui as _N a O y ci 0 O _c 0 f4 U vl t y m d Cl V 0 c ° a) °' Y y C v 7 J Z U- O E i► o L o` �O N 3 O m N Y O c a m o ° vi a Co m z ° N M 3 x 76 c a U C (0 C N c cc 2 N f0 C C CL c O U N CL N G T) N N f0 L U Y U F- N C J N O N 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 January 20, 2015 Town of Reading Municipal Light Board Subject: RFP 2015 -16 — RF Mesh AMI System On Monday, November 3, 2014, a Request for Proposal (RFP) invitation was published in the Commonwealth of Massachusetts' Goods and Services Bulletin, and on Wednesday, November 5, 2014, a bid invitation was placed as a legal notice in the Daily Times Chronicle, Middlesex East Section, requesting proposals for an RF Mesh AMI System to integrate a two -way communication system with electric meters for the Reading Municipal Light Department (RMLD). Proposals were sent to the following companies who filed a Non - Disclosure Agreement (NDA) with the RMLD: AVCOM Eaton's Cooper Power Systems Elster Solutions Green Mountain Integrated Communication Solutions Hasgo Power Sales Harris Utilities Sensus Metering Systems Landis & Gyr via Stuart Irby Shamrock Power Sales Maverick Corp. Tantalus Mueller Systems Wesco Proposals were received from the following two companies: Eaton's Cooper Power Systems and Elster Solutions. The Non -Price Proposals were opened on Friday, December 12, 2014, in the Town of Reading Municipal Light Department's Winfred Spurr Room, 230 Ash Street, Reading, MA. The Proposals were distributed and reviewed by the following departments: Engineering, Integrated Resources Planning, MIS, and Purchasing. The Price Proposals were opened on December 30, 2014, in the General Manager's Conference Room. The Evaluation Committee included the following: Director of Engineering and Operations, Integrated Resources Manager, Energy Efficiency Manager, MIS Manager, Technical Services Manager, Materials Manager, and Procurement Trainer. They reviewed, analyzed, and evaluated the proposals, and using comparative criteria, developed a rating for each firm. Based on the ratings and pricing, the firm with the most advantageous proposal was Eaton's Cooper Power Systems. (See attached analysis.) RMLD Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 Move that RFP 2015 -16 for an RF Mesh AMI System be awarded to Eaton's Cooper Power Systems, as the most advantageous responsive and responsible bidder for a total cost of $199,936.20 on the recommendation of the General Manager. The FYI Capital Budget amount for this item is $266,000. i Nick 'Alleva; Technical Services Manager Hamid Ja , Director of Engineering and Operations CoTeen O'BrierY General Mafmger Attachment 0 2015 -16 RF Mesh AMI System RFP ANALYSIS Eatons's Cooper Power Systems was selected for the following reasons: 1. Eaton reaceived a rating of Highly Advantageous in comparing the RFP's criteria. 2. RMLD will own the Eaton Master Station & Yukon software. Elster is hosting the server at a remote site. 3. Eaton's AMI /DA solution has a 300kbs bandwith while Elster does not. 4. Eaton can read Itron residential meters while Elster cannot read Itron meters at the present time. 5. Eaton has SQL Database Engine and Elster does not. 6. Elster took some exceptions to RMLD technical specification while Eaton did not. ELSTER EATON'S COOPER POWER SYSTEM ITEM /DESCRIPTION ITRON/ ELSTER METERS LANDIS & GYR/ ELSTER METERS Master Station $ 5,000.00 $ 55,850.00 $ 55,850.00 Collectors $ 32,049.99 $ 18,793.00 $ 18,793.00 Additional Equipment $ 26,180.00 $ 21,035.00 $ 21,035.00 Single -phase Electric AMI Endpoints $ 1660.00 $ 2,250.00 $ Single -phase Electric Disconnect AMI Endpoints $ 216.00 $ 365.00 $ _ Polyphase Electric AMI Endpoints $ 16,365.00 $ 32,740.00 $ 32,740.00 Two -way Demand Response /Load Control Receiver $ 286.62 $ 290.00 $ 290.00 Distribution Automation $ - $ 6,000.00 $ 6,000.00 Ongoing Costs $ 895.00 $ 10,700.00 $ 10,700.00 Project Management Services $ 94,920.00 $ 50,000.00 $ 50,000.00 Shipping $ - $ 1,913.20 $ 1,913.20 TOTAL $177,572.61 $199,936.201 $197,321.20 I Eatons's Cooper Power Systems was selected for the following reasons: 1. Eaton reaceived a rating of Highly Advantageous in comparing the RFP's criteria. 2. RMLD will own the Eaton Master Station & Yukon software. Elster is hosting the server at a remote site. 3. Eaton's AMI /DA solution has a 300kbs bandwith while Elster does not. 4. Eaton can read Itron residential meters while Elster cannot read Itron meters at the present time. 5. Eaton has SQL Database Engine and Elster does not. 6. Elster took some exceptions to RMLD technical specification while Eaton did not. RMLD January 16, 2015 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.mild.com Town of Reading Municipal Light Board Subject: Sicame Connectors On December 31, 2014 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals for Sicame Connectors for the Reading Municipal Light Department. Specifications were emailed to the following: Power Tech dba UPSC Robinson Sales Metro West Wesco Graybar Electric Company J.F. Gray & Associates E.L. Flowers & Associates HD Industrial Services MVA Power, Inc. Stuart C. Irby Hasgo Power Sales Power Sales Group Genergy Siemens Industry, Inc. Bids were received from WESCO, Graybar and Stuart Irby. The bids were publicly opened and read aloud at 11:00 a.m. January 15, 2015 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 staff. Move that bid 2015 -17 for Sicame Connectors be awarded to: WESCO for a total cost of $67,950.00 Item Quantit Description Unit Cost Net Cost 1 6000 Sicame Parallel Grove Connectors #TTD2710FB -T -UN1 $8.55 $51,300.00 2 3000 Sicame Parallel Grove Connectors #TTD1510FT $5.55 $16,650.00 as the lowest responsive and responsible qualified bidder for a total cost of $67,950.00 on the recommendation of the General Manager (see attached Bid Analysis 2015 -17). File: Bid /FY15 Bids /Sicame Connectors /2015 -17 This purchase will be placed in inventory and will be charged to service upgrade projects and new customer service connections. The FY `15 Operating budget amount for this item is $71,000.00. Coleen O'Brieri Hamid Jaf ary Peter Price File: Bid /FY15 Bids /Sicame Connectors /2015 -17 � o N � L +� O M r Q U) O a) o -o E U M X U) a) W L � O � O C O U U m " o o -p _ a) Q E UIn a) m O O U (B O H 51 C �I � O U L to O a) a) a U) a) a Y Y U V O O N N c c 00 O O O O O LO M to V t0, LO T- 61A 6F? O O O O O O to M LO Ul) LO LO 00 Ln 6R 619. T- Z H Q m LL U O O f- LO LV N r E E r N O O O O O 60? U) O Q) a) cn cn a) a) L6 C6 (n L L Q) o O >> L L Q Q O O a) C O m a) a) a) O z O O O O O O O O cn O O O (D T- ti Q) m LO 00 ! CO 1,2 M I' � tD O E99, G? 64 Q cn L O O O O C O O Z to co O ti O c Z H m LL � O O I- LO i N E E a) Q) a) O C a) cn a) cn a) co c� a) � a) 0 O U C Q) N C m C cn O E U a) > O Q (Ln v Q) O c4 d. E E E U O U O Q) O O > cu C C Q cn a) L � c O r z V c Q cz cn C a) a) a) 0 o Q O U cz a) O C � N C Ca � 3 Q) . > O a) o cz Z�ZCD �C Y a) m ti ti O O O O O O Ot O O O � c— O 00 ":, Ln ti ua (Al 6rf O O CD 0 O O to c`7 "t U') co O � Efl Z H m LL LL — O O T'- f- LO N Q � 0 E E co c� a) � a) 0 O U C Q) N C m C cn O E U a) > O Q (Ln v Q) O c4 d. E E E U O U O Q) O O > cu C C Q cn a) L � c O r z V c Q cz cn C a) a) a) 0 o Q O U cz a) O C � N C Ca � 3 Q) . > O a) o cz Z�ZCD Jeanne Foti '%Owom: Jeanne Foti Sent: Friday, January 23, 2015 8:36 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 December 12, December 19 and January 16. December 26 there was no Account Payable Warrant. Payroll — No Questions December 15, December 29 and January 12. This e -mail will be printed for the Board Book for the RMLD Board meeting on January 29,2015. Jeanne Foti Reading Municipal Light Department Executive Assistant 230 Ash Street Reading, MA 01867 781 - 942 -6434 Phone 781 - 942 -2409 Fax Please consider the environment before printing this e-mail. 1 Jeanne Foti From: Coleen O'Brien Sent: Thursday, January 15, 2015 3:46 PM To: David Talbot Cc: Accounting Group; Jeanne Foti; Patricia Mellino; John Stempeck; Phil Pacino; Tom O'Rourke Subject: Account Payable Warrant Questions - January 5 and January 12 Categories: Blue Category Good afternoon Dave: January 5 1. Precision Weather Forecasting — Does the National Weather Service have the same information available? Or other free source? Patty Mellino has looked at other sources for weather related information. The basic weather information can be found on any weather website for free. The planning types of services that the RMLD subscribes to are not offered for free. The following services help the RMLD prepare in advance. The services offered by Precision Weather Forecasting are as follows: • Storm warnings covering all weather events — snow, rain, heat waves, thunderstorms, etc. • Storm reports provide utility- specific weather information issued up to 72 hours ahead of a weather event and are updated tam, 8am, fpm, & 8pm, during and after the event • On -call meteorologists are available 24/7/365 to answer any weather questions & provide guidance • All season support for week -out planning via daily 5 -day forecasts • Daily forecasts are utility- specific and issued every morning • A good solution for scheduling staff, preparing materials / equipment, and planning projects days in advance The Town of Reading uses the same service for winter services only. 2. Cascade Water Services — Just curious — what water are we treating for $19,000 over the past three years? Not tap water? January 12 Cascade performs water treatment service monthly to control scale, prevent corrosion, and eliminate microbiological growth in the following building equipment: 1. Boiler Loop Units: 230 Ash Street, Reading, MA • Two (2) Gas Fired H.B. Smith JR50A -15 60 HP Boilers 2. Condensing Water Loop Units: 230 Ash Street, Reading, MA • Two (2) BAC VTL -092, HP Cooling Towers - 3. Condensing & Chilled Water Loop Units: 230 Ash Street, Reading, MA 1 9 One (1) Yazaki CH -G50, 50 -ton Gas Fire Absorption Chillers Steam Boiler Loop Unit: 226 Ash Street, Reading, MA • One (1) Gas Fired Burnham KV1106 -SML 1328.0 MBH Boiler � Q0 o O M2 O) O N O S n O c N N O Q Y O N 0 M pip Ocli O M a ^ 03o rno O O N`-' cl. O Y N G M�� N N O al CD N N� �60 HB O It Z^ N N uj d' a w c L K N J Y D O t0� c c 00 0) (D O C MN r O C ry r w°0. CO Opryj N v :9 Ui J Q � Q L 6 O CD U � o N � Q0 o O M2 O) O N O S n O c N N O m OM fA 9 pip Ocli ull IR�o �0 U3 moo aoo O M N m M _� f O ^ O M O O O N 01 N C N m a O l w� �V W 0 O N OM o " w ul q On o LO I N M Cl) e r�(v r Lr. O OEA r fA M pp O O C-4 MCD o a� W E4 a t!] o '00 ° O 6 i N O M 00 N 00 co t ! M � Ln O N f3M 0) O O M o Go N 4469' N O W � n o O ate- CAD pC) c0 N L O o 10 M n f� V O c:D o 10 W NMO N Mc, a; (D �o fV nn 7 E 3 h O N N 0) � M O O Lb O co N C i ,°•� O w° Oco �o,°n' o0 l0 O �: O IA p b9 � 11 IA W 0 N 0 lowU N Q0 o � LU N W ~ „ ° O 33 a,rn o 9 �cpo ooe IR�o LO O O N`-' J 0 _ a N� N f� M Cl) e r�(v r Lr. O OEA r fA M pp O O C-4 MCD o a� W E4 a t!] o '00 ° O 6 i N O M 00 N 00 co t ! M � Ln O N f3M 0) O O M o Go N 4469' N O W � n o O ate- CAD pC) c0 N L O o 10 M n f� V O c:D o 10 W NMO N Mc, a; (D �o fV nn 7 E 3 h O N N 0) � M O O Lb O co N C i ,°•� O w° Oco �o,°n' o0 l0 O �: O IA p b9 � 11 IA W 0 N 0 lowU N LU W ~ „ ° O 33 a,rn o o M 00 �cpo ooe IR�o mac. O O N`-' _ V N� _ a N� N f� M�� N CD N N� C14 CD q�0 HB O _ W �!' W c; V! ° C uj d' 0 O N v Q L 6 O CD A o N Z O 0F N 04 (0 �N 100 0 cd O r M 1 ° N r N SW ° m 0 Cl W 06 MM ° O EA W ° N N fA LLJ C Z 3 J ZO Q m ry F H L N O v I- O o 10 N o I o I� O o O f Z Q 3 M17 O_ O V.�- CO N� N V� CO N^ ��M �n ��co N�Q O Q Z W n NCD^ C) ^ � N 01 N°Vi(h W° h L � z w O OC S j C7 N J Nf H 0. f" CL J U W Q J O D a Z a S = U_ Q 2 S O C7 Z W J J 0 Z Z O a W W W d w 1 U w C (j w O N U K w a O 1' s Z RO' i U CO' v z 0 v Z C7 i = rC J V = J J V w = Q J V W = J U w = zO � U w = z J (� w LL U Z m uj m mJ Y m m LU m 3 W Z W U Q Y O IL Q Q O Y LL M< LL J LL p Q Y LL LL w Y LL Ow O w � � ML o wO _ w Q PQ w O O wZaa - a z a. CL F- 5O CL �Hae