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HomeMy WebLinkAbout2016-01-28 RMLD Board of Commissioners Minutesr Town of Reading r Meeting Minutes E ,E K �.t„a ; a Board - Committee - Commission - Council: �:A,� bili. mrSS. RMLD Board of Commissioners Date: 2016-01-28 Time: 7:35 PM Building: Reading Municipal Light Building Location: Selectmen Meeting Room Address: 230 Ash Street Purpose: Public Meeting Session: General Session Attendees: Members - Present: Thomas O'Rourke, Chairman David Talbot, Commissioner Dave Hennessy, Commissioner - Secretary Pro Tem Philip Pacino, Vice Chairman John Stempeck, Commissioner Members - Not Present: Others Present: Staff: Coleen O'Brien, General Manager Bob Fournier, Accouting/Business Manager Jane Parenteau, Director of Integrated Resources Jeanne Foti, Executive Assistant Paul McGonagle, Facilities Manager Wendy Markiewica, Senior Accountant Citizens Advisory Board: Dennis Kelley, Member Minutes Respectfully Submitted By: David Hennessy Topics of Discussion: Page 1 1 Reading Municipal Light Board of Commissioners Regular Session 230 Ash Street ... Reading, MA 01867#, i. January 28, 2016 1, , L'art Time of Regular Session: 7:35 p.m. nd Time of Regular Session: 10:00 P.M. 101b AUS; -I a % 04 Commissioners: Thomas O'Rourke, Chairman David Talbot, Vice Chairman Philip B. Pacino, Commissioner John Stempeck, Commissioner Dave Hennessy, Commissioner - Secretary Pro Tem Staff: Coleen O'Brien, General Manager Jeanne Foti, Executive Assistant Bob Fournier, Accounting/Business Manager Paul McGonagle, Facilities Manager Jane Parenteau, Director of Integrated Resources Wendy Markiewicz, Senior Accountant Citizens' Advisory Board: Dennis Kelley, Member Public: There was no public comment. Call Meeting to Order Chairman O'Rourke called the meeting to order and stated that the meeting was being videotaped, it is not a live broadcat although we have a videographer, Alexander. Chairman O'Rourke welcomed him and thanked him for his service. Viewers can check at www.RCTV.orfor more information and replay times. This meeting will also be played on YouTube tomorrow. The meeting is also being videotaped for distribution for community television stations in North Reading, Wilmington and Lynnfield. Opening Remarks hairman O'Rourke read the RMLD Board of Commissioners Code of Conduct. Chairman O'Rourke acknowledged CAB L I representative, Mr. Dennis Kelley for joining the Board at the meeting this evening. Chairman O'Rourke asked RMLD Board Commissioner, Mr. Dave Hennessy, to act as Board Secretary for this evening's meeting. Public Comment There was no public comment. RMLD Citizens' Advisory Board There was no RMLD Citizens' Advisory Board comment. Report RMLD Board Member Attendance at RMLD Citizens' Advisory Board Meeting Vice Chair Talbot attended the CAB meeting on January 13, 2016. Mr. Talbot reported that the CAB meeting on January 13, 2016 was very brief because the majority of the meeting was Executive Session, therefore, he had nothing to report. General Manager's Report — Ms. O'Brien Home Electrical Safety Update Ms. O'Brien discussed Home Electrical Safety as a general topic. The RMLD electrical system works in concert with the homeowner's electric system to bring safe and reliable power to the home. The line of demarcation for ownership o the RMLD system is the rudimentary system and service drops to individual homes that are single metered, not condos, but for dmonstrative purposes referring to an individual home. Ms. O'Brien said that the ownership extends on the service to the house at the,point of the connection at the weather head and the only other section that RMLD owns is the meter itself. The homeowner owns from the weather head down and including the meter box, which is called the SE cable or the service entrance cable. Anything i ternal to the home such as its panels and grounding system. Ms. O'Brien exp�ined that she, Ms. Gottwald and Ms. Parenteau's group, are going to work and possibly have a RCTV presentation on this issue. It i very important for the customers to understand that thir electrical system inside their home is no different from their HVAC or plumbing system, it needs periodic inspections by a qualified electrician �o make sure their grounding system, connections and breakers are all in good shape for the safety of their home and theirlfamily. Ms. W.')'Brien stated that the RMLD in its Terms and Conditions of service discusses abnormal voltages. Ms. O'Brien noted thZit if a neutral connection is compromised on our system (there is a neutral at the pole and a neutral at the home), the homeowners grounding system is what helps to protect and balance the current or the voltage levels that the home and its appliances would see. Regular Session Meeting Minutes January 28, 2016 2 General Manager's Report — Ms. O'Brien Home Electrical Safety Update Ms. O'Brien commented that if the homeowner does not have a good grounding system and there is a voltage fluctuation then more than likely those appliances, especially voltage sensitive appliances such as anything digital or solid state, could see a higher voltage. If the grounding system is good, intact and meets the National Electrical Code then more than likely there would be just a flickering —light which is most often the types of calls that we get; we don't generally get calls of damaged appliances because most homeowner's grounding systems are in good shape (they have been tested to meet code. Ms. O'Brien stated that it is important for the homeowners to understand that this is a system within their home that they need to have checked, not just if they are putting an addition on the home. It should be performed periodically to ensure the home's neutrals are tightened up, the grounding system and panel is appropriate and the ground fault interrupting receptacles are in good working order. Sometimes homes have breakers that keep tripping and they don't understand that the breaker probably needs to be replaced and to keep resetting it over and over could cause damage or even a fire. Learning some basic homeowner electricity one of the Integrated Resource employees will be working with a group for new homeowners where they talk about what it's like to own a new home. The RMLD will have a presentation about electrical safety for new homeowners and RMLD could put that on RCTV that everyone could benefit. Ms. O'Brien stated that she doesn't want to get into too much technology unless people want to talk about the theory of electricity and noted she just wants people to be safe. The electric system that is out there was not built in thinking forward that our society would have IPads, the solid state digital cooktops and digital refrigerators. For example, even ten years ago when the plasma televisions were coming out it was suggested to use surge protectors for those televisions. Now sometimes people put their television in a surge protector or maybe their computer, but they are not thinking about their refrigerator, stovetop and everything else that has a digital display. In addition, Ms. O'Brien noted things that have motors in them, like a refrigerator cannot be plugged into a surge protector. In those instances, RMLD may recommend a whole house arrester which goes in, it is a voltage arrester and it would protect against lightening and any type of abnormal voltages, which would be similar to a surge protector. If there is a surge, it would have to be discarded and get another one, but it does protect all those appliances which are now quite expensive compared to the older basic gas stove now has turned into this "Smart" cooktop that can be called up on an IPhone to have dinner ready when you get home, the smart technology is more sensitive. Ms. O'Brien provided the example of a computer that needs to have voltage conditioning; when a computer is put into a UPS that has a battery backup and it has a voltage conditioner in it, which takes whatever fluctuations in the voltage and it makes it smooth and perfect because that is the only thing that computer can take otherwise it won't work efficiently. Ms. O'Brien explained',the digital need for perfect voltage is now in all appliances and the electric system wasn't built for that. RMLD cannot protect against those type of fluctuations and the homeowners really need to take a look at their electrical system. Mr. Kelley asked Ms. O'Brien if that is something that can be added to the RMLD Newsletter as helpful hints for the house noting that he always reads through those helpful things and post to a refrigerator to remember. Ms. O'Brien stated that she will be discussing this with Ms. Parenteau, perhaps RMLD can offer some kind of a rebate with the whole house arrester, but certainly can put something in the Newsletter. Ms. O'Brien stated that this is such a big topic and she would like an electrician with her because RMLD represents the National Electric Safety Code that is the code for the whole electrical system and where it meets the National Electric Code, which is six hundred volts or below inside a home, is where the two Codes meet. It is two different Codes and RMLD works again, in concert, to make sure it is safe. Ms. O'Brien said that perhaps a RCTV presentation explaining that from both the RMLD perspective as it relates to its Terms and Conditions with input from a qualified electrician providing information, it may help the homeowner get a better understanding of what their responsibility internal to their home is. Sometimes people think its just electricity that does its thing and they don't have to worry about it when it should really be checked once in a while just like another other utility or appliance in the house. Ms. O'Brien agreed to put something in the RMLD Newsletter as well as a RCTV presentation. Ms. Parenteau agreed noting that the other notifications would be having programs in the libraries for all the communities RMLD serves. Ms. Parenteau stated that during discussions with Ms. Gottwald she might add this as a compliment to the Efficiency Programs and Home Safety. We may work it up so our customers are able to come to the libraries and have an open forum in the evenings where people are home after work. Ms. Parenteau stated that between the YouTube and the libraries we will try to get a different avenue to hit all of our consumer base. Mr. Talbot added that to have a more proactive relationship with the local media so that when things come to their attention they would not think twice about calling either Ms. Parenteau or Ms. Gottwald to find out exactly what something was about or when they get notified they can call RMLD. Mr. Talbot pointed out that it would avoid things appearing that should have had RMLD's input and that is a function of the relationship between RMLD and local media. Ms. O'Brien stated that RMLD is a truly helpful Department which has a lot of resources, education and talent here to educate the public on the safety of electricity, perhaps we need to put out more education. 4r. Stempeck stated that this is a great idea. Mr. Stempeck especially likes the tune up analogy with HVAC systems because most people check their HVAC systems annually or have their water systems cleaned in order to maintain these systems, but the ielectrical system is somewhat strange and foreign to most people they just expect it to be there. Mr. Stempeck noted for example, the phasing can be tested to make sure it is correct, has it been wired correctly, this whole grounding issue is very important. Although these are simple things in general, if not done correctly it could have long term damage. Mr. Stempeck shared his experience with water coming through his breakers and it was just slowly seeping in, but was a major problem. 4 Regular Session Meeting Minutes January 28, 2016 General Manager's Report — Ms. O'Brien Mr. Talbot stated that it does not have to be the Control Center to send Tweets, it could be anyone at RMLD. Ms. O'Brien disagreed because it must be the 24/7 manned department sending Tweets explaining that when she sent Tweets. rybody Mr. Talbot commented that if the Control Center is too busy during an outage to think about tweeting then somebody hould be in alertin the community about what is going on even if the Control Center employees are busy because t h evndeRMLD here g needs the information during an outage. Ms. O'Brien acknowledged that many people were calling during the outage didn't know at that time what was causing the problem. The Engineers, Technicians and Linemen were trying to find 'put what the problem was. The problem was a very complicated substation problem that was very difficult to find. Ms. O'Brien expla4ined it was a setting issue, it wouldn't have mattered because there would have been nothing to tweet. The Control Center is getting the feedback from the field personnel, it is only 149 characters and they are not going to compromise safety to send it out. The fact thate Police and we have a 24 hour dispatch is really a benefit compared to other communities. Ms. O'Brien confirmed that other communities use t Fire for the electric, they won't be tweeting 24/7 from that type of setup. Mr. Talbot pointed out that there is a couple of key times per year when everybody wants to know what is happening. There is going to be 362 days when nobody will look at the Reading Municipal Light Department's Twitter feed. Mr. Talbot continued, but for those key times of an outage or a major storm or peak day, suddenly those are the moments when RMLD really should be tweeting, it is really important. Mr. Talbot stated that during the outage he was wondering why he was getting his information from Wilmington Police Department. Mr. Talbot stated that he would not want the Control Center to stop what they are doing and tweet. People will say something on the Reading Parents Network or on their Facebook. That information will get amplified all over the place and misinformation will get out unless it is coming directly from the Department. Mr. Talbot stated that controlling these communications directly from RMLD is important and it also extends to the other issue that RMLD should be on top of it and explaining what is happening. on is good with the message that Ms. O'Brien has established some tweeting. It is Chairman O'Rourke stated that feedback discussiwe important to keep in mind that there is another aspect to this reality, Chairman O'Rourke does not think in the Town of Reading find will have 80% utilization of Twitter, what is the best way to communicate. Mr. Pacino stated that people called him at home to find out the status of the outage. for people o are Mr. Talbot said that during those exceptional times the message rapidly igreacheets ptens of thousands of peoplehmmediat�y looking Talbot at Twitter, ,16 ut the same message which gets posted on a Facebook page suddenly xplained at these critical moments RMLD needs to have accurate information coming out to ensure that is what is (getting passed around social media, not someone else's view of what happened. Even if none of us are on Twitter you will get the tweet somehow indirectly through some other media and that is how it works. Chairman O'Rourke commented that his point was maybe in the process of setting the Twitter account up there is ullrt►besoetother mes all as on how to reach people because it is a delicate balance. It is hard to go out and say nothing, c other really need to do is inform people there is a problem and RMLD is working on it. Ms. O'Brien asked Ms. Parenteau if the app will be ready by next week. Ms. Parenteau noted she was told it could take anywhere from five days to three weeks for IPhone to approve the app, once RMLD submits the App, it is in their hands. Ms. O'Brien reiterated RMLD is only using Twitter for outage related, power e arm out of theinfoapptand customerion and peak s must s in up for that. there are other things for RMLD to report such as events, etc. that will Twitter will not be used for anything else. Chairman O'Rourke asked if Ms. O'Brien could provide more information on this app or discuss this further at the next Board meeting. Ms. O'Brien agreed. Power Supply Report — November and December 2015 — Ms. Parenteau (Attachment 1) Ms. Parenteau reported on the Power Supply in which the slides look at the November and December 2015 Purchase Bower Summary. Ms. Parenteau noted the first slide looks at the purchases for kilowatt hours and the embedded cost of energy r the month of November for the period 2011 through 2015. The purchases from this past November were the smallest over thelast four years, ein November 2015 is below what RMLD was paying back in 2011 and 2012. Thi average cost of 2. It dipped in 2013 for a low, however it has been increasing slightly, additionally the cost of the power but still below energy is below what was paid 2011 and 201 11 through 2015. what occurred in 2011 and 2012. The next graph looks at capacity for the month of November, for the tim ed o ethe0ea demand and 4s. Parenteau stated that capacity has been fairly flat. The bar graph depicts what the requirement is, ba it ,ie line graph represents the average cost of that capacity. It has been flat from 2013 and is on the incline. Ms. Par nteau stated that as mentioned to all the Selectmen in the recent visits in December, the capacity next year will be increasing significantly. Rates for the upcoming fiscal year are estimated to increase approximately seven to nine percent driven by capacity and transmission increases. r The final graph for November looks at transmission costs, going back to 2011 the numbers were a little over $600,000 for the month of November and now the amount is over $866,000. Regular Session Meeting Minutes January 28, 2016 Power Supply Report — November and December 2015 — Ms. Parenteau (Attachment 1) Transmission cost is socialized throughout New England and increased on an average rate of six to ten percent annually, based on RMLD's monthly peak demand. RMLD is structuring all of the rebate programs to minimize peak demand because that] the only way as a utility to lower the transmission costs. Ms. Parenteau explained the next three graphs are looking at the first half of the Fiscal (ear (FY), July 2015 through December 2015. The first bar graph represents the FY 2015, the green graph represents FY 2016, Wro,oking at energy costs they area slightly higher than they were in FY 2014 predominately because of the summer monthis. July and August this year were significantly warmer than prior years. Those costs were a little higher as well as in September, October, but November and December stay fairly flat. Ms. Parenteau stated that capacity fluctuates a little on a monthly basis July through December, but they are increasing for 2015. There were increases in this current year for July and August, due to the summer months. Ms. Parenteau reported that the final graph looks at transmission costs which fluctuate monthly based on the monthly peak demand. The highest peaks occur in July and August, there is a one month lag in transmission July is actually June's transmission khat is why September and October are slightly higher. The winter monthly peaks are significantly lower than the summer months which results in lower cost that comes through in November and December. Ms. O'Brien requested that Mr. McGonagle' s reports be moved up because he needs to attend another meeting this evening. Facilities Site Update — Mr. McGonagle Mr. Paul McGonagle introduced himself as the new Facilities Manager who started at RMLD in September 2015. He explained that he will be speaking to some of the projects being worked on that are based on the recommendations made in studies performed for RMLD relative to facilities sites and substations. Mr. McGonagle stated that RMLD has stored many items at RMLD for years, for instance, Station One in the basement as well as on the first floor there were old pieces of equipment that were put there and never moved, as well as metal cabinets (scrap metal) that have now been removed. Facilities has now cleaned the different areas and he is looking at improvements. Mr. McGonagle reported that one of his responsibilities is the Purchasing Department. He has been working on streamlining how RMLD can actually put out bids in accordance with the Massachusetts General Laws and has been able to accomplish this. Employees are getting more comfortable with the procurement process for surplus, equipment and materials. Mr. McGonagle said that he will start to implement more structure in Facilities in the way they obtain requests for work that needs to be performed. Many times when the Facilities Techs are walking down the corridor, somebody asks them to perform'', a facilities t-lated task then they go off to perform that request. This aspect of the Facilities workflow needs to be structured, those requests need alto be prioritized as well as keeping track of such requests. Mr. McGonagle explained that one way to achieve this is an electronic work order system. When there is something that needs to be performed by the Facilities Department, employees need a iplatform in which they can electronically put in a work request. The request will be prioritized with that software and training being rolled out during the month of February. Mr. McGonagle stated that since he came on board the HVAC project for this building was underway which is now coming to its end. Mr. McGonagle added that all of the equipment is in operating capacity now, the last piece is the air balancing for the HVAC system. After that, RMLD will be ready to start preparing for the second stage which is working on the air handlers in addition to installing a rooftop unit on the garage building. Mr. McGonagle explained in the study performed y Booth & Associates it provided RMLD many recommendations to improve the substations. All RMLD departments are working on those recommendations including Engineering and Tech Services who are trying to chip away at that along with Facilities. Mr.cGonagle pointed out that the overall Site Facility Plan is also moving forward. He has met with Ms. O'Brien in which they have discussed the overall plan such as looking at the buildings to see how improvements can be made. Mr. McGonagle stated that this includes getting involved with the Town of Reading's Strategic Economic Plan which has a possibility of impacting this site. Mr. McGonagle stated that we are being mindful on how we spend and invest by making improvements that are necessary. Mr. McGonagle said that this work has been performed as a team effort along with all the other Departments that have been very supportive. Chairman O'Rourke said that he was wondering if there is a timetable as to when things will be shared, understanding this', is all in the early stages, but is interested in what the timeline might look like. For example, one year from now or two years. Ms. O'Brien stated that RMLD is being very mindful with the upgrades, but the HVAC is necessary. We have some structural issues where the linemen are, but are hesitant to try and improve because the economic development for this area may change. This would mean', developers being involved. Ms. O'Brien stated that she has attended the Economic Development meetings and there is no timetable. Ms. O'Brien wanted to mention that Mr. McGonagle has been helping with records retention because even though the basement of Station One hasn't seen the light of day neither has the attic and most employee's cubicles. As far as records retention, Paul has done (great job in looking into the law and how we can get rid of things. The RMLD is logging everything and it gets boxed up. There Itowill be a shredding company come in to shred 180 boxes. Ms. O'Brien commented that these are major movements, it is huge. Mr. McGonagle pointed out that those boxes represent a few hundred square feet of space that will be freed up. In addition, there are meters that will be sold and recycled that will free up more space. Regular Session Meeting Minutes 6 January 28, 2016 Facilities Site Update — Mr. McGonagle Ms. O'Brien stated that Mr. McGonagle put together a training for all staff on how to set up the boxes. The boxes had to' be so many cubic feet, everything box has to be logged down, whether it will be shred or if boxes must be stored for six years they will be stamped and what day it can be shred. It is very organized process and much needed. Cmr. McGonagle mentioned M.G.L. 220 CMR 75 that talks about how long the retention must be for specific documents. Chairman O'Rourke commended RMLD for that process. Ms. O'Brien stated that she is very happy Mr. McGonagle is here. MGL Chapter 30B Bids (Attachment 2) IFB 2016-01 Janitorial Services Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2016-01 for the Janitorial Services be awarded to TNT Cleaning Services, Inc. for $92,826 as the lowest responsive qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. Mr. Talbot asked, what is the extent of this contract and is the cleaning for just this building. Mr. McGonagle responded that it is a three year contract to clean this building, the garage and the substations. Mr. Talbot questioned, it is $3,000 per month? Mr. McGonagle replied that it is approximately $30,000 per year thus it is $2,600 per month and RMLD buys most of the cleaning supplies. IFB 2016-15 Fiberglass Trench Covers for Substation 4 Mr. Pacino made a motion seconded by Mr. Hennessy that bid 2016-15 for Fiberglass Trench Covers for Substation 4 be awarded to WESCO for a total cost of $108,000 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. IFB 2016-17 Single Phase Pole Mounted Transformers Mr. Pacino moved seconded by Mr. Stempeck that bid 2016-17 for Single Phase Pole Mounted Transformers be awarded to WESCO for a total cost of $105,400 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. "FB 2016-18 Three Phase Pole Mounted Transformers 'ftOMr. Pacino moved seconded by Mr. Hennessy that bid 2016-18 for Three Phase Pole Mounted Transformers be awarded to Power Sales for a total cost of $9,102, WESCO for a total cost of $37,770, Stuart C Irby for a total cost of $20,066 as the lowest qualified bidders on the recommendation of the General Manager. Motion carried 5:0:0. Mr. Stempeck asked why this bid was split up between three different vendors. Ms. O'Brien explained that there are different types of Three Phase Pole Mounted Transformers. IFB 2016-19 Single Phase Pad Mounted FR3 Transformers Mr. Pacino made a motion seconded by Mr. Hennessy that bid 2016-19 for Single Phase Pad Mounted FR3 Transformers be awarded to WESCO for a total cost of $119,910 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. IFB 2016-21 Three Phase Pad Mounted Transformers (Dead Front) Mr. Pacino made a motion seconded by Mr. Stempeck that bid 2016-21 for Three Phase Pad Mounted Transformers be awarded to Stuart C. Irby for a total cost of $133,931 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. IFB 2016-23 Category 4 Arc Rated FR Clothing Program Mr. Pacino made a motion seconded by Mr. Hennessy that Bid 2016-23 for Category 4 Arc Rated FR Clothing Program be awarded to WESCO for a total cost of $47,200.42 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. Financial Report — November and December 2015 — Ms. Markiewicz (Attachment 3) Ms. Markiewicz introduced herself, presenting the financial statements for the first six months of fiscal year 2016. For the month of )ecember, the Net Loss with a negative change in net assets was $648,900, reducing the year to date Net Income to $1.1 trillion. The year to date budgeted Net Income was $1.8 million resulting in Net Income being under budget by about $700,000 or 31.8%. Actual year to date Fuel Expenses exceeded Fuel Revenues by approximately $750,000. Purchased Power capacity and transmission for PPCT expenses exceeded PCT revenues by about $782,700. The year to date Base Revenues exceeded the budget amount by about $214,000 or 1.79%, actual Base Revenues were $12.2 million dollars compared to the budgeted amount of about $12 million. Regular Session Meeting Minutes 7 January 28, 2016 Financial Report — November and December 2015 — Ms. Markiewicz (Attachment 3) The year to date Purchased Power Base Expense was over budget by approximately $378,300 or 2.39% and the actual Purchased Power Base costs were $16.2 million and budgeted power based costs were $15.8 million. ear to date Operating and Maintenance Expenses combined were under budget by approximately $622,000 or about 8.4%. The ctual Operating and Maintenance Expenses were $6.7 million, budgeted expenses were at $7.3 million. The Depreciation Expense and payment to the towns were on budget. For cash, the Operating Fund was at approximately $11.3 million, Capital Fund balance $6.4 million, Rate Stabilization Fund $6.8 million, Deferred Fuel Fund $4.4 million and the Energy Conservation Fund $730,700. Year to date kilowatt hour sales were 358.8 million kilowatt hours which is 2 million kilowatt hours or one half of one percent ahead of last year's actual figures. Cumulatively, the five divisions were under budget by $651,900 or 5.78%. Ms. Markiewicz explained that the graph compares the Base Revenues to Operating and Maintenance Expenses. This is an eighteen month comparison that goes back to rates. The Base Rates shows a trend of the summer month peaks which is when RMLD makes most of its money. Those peaks is what continues to cover Operating and Maintenance Expenses and typically all expenses would be more linear, bur this is due to a timing issue when RMLD receives invoices. The overall picture shows the Base Revenue does cover the Operating and Maintenance Expenses which proves that the RMLD's past base rate increases have been accurately determined. Mr. Talbot asked for an explanation on the summer peaks being most of RMLD's revenue. Ms. Markiewicz stated than during the summer months is when RMLD makes most of its revenue. Mr. Talbot stated that it's really the peak day when RMLD pays highest, it's both, correct, because everything is pegged to that one day. Ms. Parenteau explained that the peak day increased RMLD's graph it's not that day when RMLD is paying the most necessarily, but the results of those hot summer months is what drives the power. Ms. O'Brien explained that a commercial customer's bill is calculated based on their highest fifteen minutes, that sets their bill for the month, this is similar to RMLD's highest hour (the peak) it sets the pricing for the whole year. Mr. Talbot asked if it is every one percent or every one megawatt that RMLD could lop off for the peak day what the current cost is. Ms. O'Brien stated it is $60,000. Ms. Parenteau explained that it is going every one megawatt in 2016 will be worth $240,000. Mr. Talbot stated that peak day 2015 was 156 megawatts and RMLD was able to shave one megawatt out of that d y, correct. RMLD's ability to cut the peak on the peak day of 2015 was one megawatt which saved $60,000. Mr. Talbot asked if RMLD is able to shave one megawatt in 2016 it will save RMLD $240,000, if RMLD is able to save four megawatts from 160 to 156 It will save RMLD $1 million dollars. Ms. Parenteau answered that is correct. Ms. O'Brien said that is where Twitter will come in. Ms. O'Brien (tid that the RMLD did look into reverse 911. Mr. Talbot said that he has been working with Concord, they use e-mail and Twitter to get the peak reduction message out to its customers. Mr. Pacino asked why the five divisions are so far under budget, is there any particular reason? Ms. Markiewicz answered,1 no there is not one particular reason there are a couple of reasons. When looking at each individual division and the Integrated Resource Division, in particular, the Commercial Rebate Program has a timing effect due to the processing of the rebates. There is liead time in the equipment due to the ordering, installation, inspection and review that is a large factor as to why we are under budget.) The other reason is the tree trimming was budgeted for about $438,000 in which $260,000 has been spent, there haven't been many storms to drive that expense upward. Ms. Markiewicz said that there have been some vacancies there are about five positions in the budget for this year that haven't been filled representing approximately $120,000. Engineering and Operations Report — November 2015 — (Attachment 4) Ms. O'Brien requested that the page numbers be written on the Board books. The Board concurred. Ms. O'Brien reported on the Engineering and Operations Report stating that this is a presentation for November. The Capital Improvement Projects it is standard as to what Mr. Jaffari has reviewed. RMLD is moving right along with the LED Streetlight conversion which is important. Ms. O'Brien stated that the Cooks Farm Project is almost complete. Under Routine Copnstruction RMLD is getting to the double poles. Ms. O'Brien said that Mr. Jaffari already reviewed the routine maintenance. RMLD may be adding Connector Replacements on there as well and there are other aspects of maintenance to add to these programs. Ms. O'Brien mentioned that the seven key utility best practices, routine maintenance and there are other maintenance as well, but this JIs based on staffing and funding. RMLD is trying to move ahead with these seven before adding others. Based on Ms. O'Brien's conversation earlier, Connector Replacements will be another. Although RMLD is not right on the ocean there is not a lot of senility the cyclic is not as frequent, but RMLD will go through and check the connections. Ms. O'Brien added that Mr. Jaffari is working on that with Mr. DeFerrari, the General Line Foreman. Ms. O'Brien stated that the double pole map sometimes gets confusing she), wanted to ILeiterate the ownership of each of the poles is 50150 percent. This is not to be confused with custodial ownership which i�! who puts the pole in, who takes the pole out and in any of the custodial areas the transfers are still the same. The new software program, NJUNS that RMLD is utilizing, once the custodial puts the pole in, the transfer occurs then the transfers are done the custodial takes the pole out. Thus, RMLD is the custodian of all of North Reading and half of Reading. Verizon is the custodian for Wilmington, Lynnfield and the other half of Reading. Ms. O'Brien stated that she is trying to get staff to stop saying "ownership" when they mean "custodial" in order that it is clear especially now that we have this new program, NJUNS. Regular Session Meeting Minutes January 28, 2016 Engineering and Operations Report — November 2015 — (Attachment 4) Chairman O'Rourke asked Ms. O'Brien that when she says 50% RMLD, does RMLD own half of them or does RMLD share ownership? Ms. O'Brien explained that each pole is owned 50150, the custodial is by the map. Ms. O'Brien stated that she will start adding this in under NJUNS for each of the discussions, the Board will have it. Ms. O'Brien said that she will show the Board how to (Wlad it, going forward Mr. Jaffari will just include it. Chairman O'Rourke asked what NJUNS means. Ms. O'Brien replied that NJUNS is a software, they call it "the next to go" software. Ms. O'Brien stated that she will provide the answer. Ms. O'Brien continued with the report, for example in Reading there is a total of sixty five double poles, Comcast has seven that they have to transfer and Reading Fire Department has eight, RMLD has seventeen and Verizon has thirty three of which twenty nine are transfers and four are pull poles, which means at the end of the transfers Verizon pulls the pole butts because they are the custodian. Chairman O'Rourke asked if a double pole is because the pole is at risk. Ms. O'Brien answered, yes. Ms. O'Brien explained that it could because a motor vehicle hit or it could be due to the pole inspection program. Many of the double poles right now are due to the pole inspection program in which RMLD is in the process. RMLD is involved with this pole inspection program. Chairman O'Rourke asked if it is the cost of trying to take out the old pole, put the new pole in and manage all the wires, while doing that is it a problem or is it a safety issue to try move the pole. Ms. O'Brien explained that the pole is in and then depending upon the soil condition if the soil is adequate, another hole will be dug right next to the pole which cannot be more than three feet away because then there needs a petition from the Town. Then it will be considered a new pole rather than a replacement pole, if the soil can handle it the pole will go right next to it, the custodian will install it then RMLD will make the transfer to the new pole. Then it goes into the computer and then it is "next ball in court." The old pole stays until all the transfers are made so the reason why it is on the map is because it is clear who is holding up the process. Chairman O'Rourke stated that in some Towns the double poles seems to stay forever. Ms. O'Brien said that not anymore, that is one of the reasons why RMLD purchased this software was because there was no tracking system for the double poles in the past. Double poles are a temporary condition, but everybody must transfer. There was no mechanism to determine whose turn it was to transfer. Now they are all in this database including the Fire Department. The transfer can be done when it gets completed the custodial goes back by then the top has been lopped off, it is a stub and the custodial removes it. If another pole cannot be set that is when there are (W )me braces and a chunk of pole stuck to the pole because another pole could not be set maybe because of rot or other factors. Mr. Stempeck asked what happens to the old poles. Ms. O'Brien responded that the poles get chopped up as hazardous waste, get into a roll off container out back then a vendor RMLD is contracted with will properly dispose of them. Ms. O'Brien provided the meaning of NJUNS, which means National Joint and Utilities Notification System. Ms. O'Brien stated that RMLD is collecting all the data for the GIS, the more data that is collected the more this becomes accurate. Verii'on is also performing an audit of their poles, therefore the database is becoming more accurate every day. Ms. O'Brien continued pointing out that this is an excellent way to explain how one major storm impacts reliability. Not all reliability goes to the wayside due to one storm although it put RMLD right off the charts. This reflects the one storm in August that double back to back microburst from August 4, 2015, and that is the impact of that one storm. Ms. O'Brien stated that is one of the reasons RMLD tracks this is because we know what is causing the outages and the money can be funded to prioritize maintenance and target those areas. The outage causes are mostly equipment like fuse melts, trees, twenty nine percent wildlife. RMLD is very active with the animal guards. The outage that happened recently in January was a relay setting at the substation, nothing actually failed it was a relay set limit that was changed because the RMLD does not have a GIS modeling system Booth created the setting to protect for one thing and didn't' realize they were taking away protection on another side. "LD is still lacking some protection, there are still some new curves that must be put in, but it will wait until Mr. Jaffari is back from vacation. He is really the only Engineer who works here that is a relay set expert. Mr. Kelley made a comment about the LEDs noting he was sitting in his living room one night, he thought there was a car',parked out in front of his house because he saw a bright light. Mr. Kelley stated that he also had comments from his neighbors ,!how much brighter it was in the neighborhood. Ms. O'Brien reiterated that if anything needs to be adjusted or angled, it is a quick adjustment. Overall Ms. O'Brien stated that RMLD has been getting very good feedback on the new LED streetlights. hairman O'Rourke wanted to acknowledge the RMLD Electrical Safety Conservation T -Shirt Contest noting the attendance of 'Wodommission members. It was great to see the participation, the students get their awards and show off their energy saving T -Shirts. Chairman O'Rourke stated it is a great tradition. Regular Session Meeting Minutes January 28, 2016 BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED E -Mail responses to Account Payable/Payroll Questions Rate Comparisons, January 2016 2MLD Board Meetings Thursday, February 25, 2016 Thursday, March 24, 2016 Policy Committee Meeting Thursday, March 3, 2016 at 7:30 a.m. CAB Meetings Wednesday, February 10, 2016, Regular Meeting — Commissioner Stempeck will attend. Wednesday, April 6, 2016, Operating Budget Review Wednesday, April 13, 2016, Capital Budget Review 9 Chairman O'Rourke reminded the Board on his suggestion to vote on the budgets individually without slowing the process 'down. It is difficult to vote on one without the other. To vote on the expense budget in total then the capital expense budget.' Chairman O'Rourke asked if the commission members are still comfortable with that process for budget presentations to vote on the entire budget on the second meeting. All Commissioners were in agreement with the process and decided to wait until the next Board meeting to schedule the budget meetings. Mr. Pacino informed the Board that he and Mr. Talbot are running for reelection. Executive Session At 8:55 p.m. Mr. Pacino made a motion seconded by Mr. Stempeck that the Board go into Executive Session to discuss, Chapter 164 Section 47D exemption from public records and open meeting requirements to discuss confidential, competitively) sensitive information, to discuss strategy with respect to collective bargaining and return to Regular Session for the sole purpose of adjournment. L2hairman O'Rourke called for a poll of the vote: Mr. Pacino, Aye; Mr. Talbot, Aye; Chairman O'Rourke, Aye; Mr. Stempeck, Aye and Mr. Hennessy; Aye. Motion carried 5:0:0. Adjournment At 10:00 p.m., Mr. Pacino made a motion seconded by Mr. Talbot to adjourn the Regular Session. Motion carried 5:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. David Hennessy, Secretary Pro Tem RMLD Board of Commissioners 0 c a� E L U Q D o c 0 0' o� c� qM?I aad iso' ABaaug N N ul� N 00 N � O o O o O O C 0 °, °, LQ 0 0 0 0 O4 fO vs fA N N ul� N 00 N � O 'L O O C 0 °, °, LQ 00 IC 'L O O O °, °, LQ 00 IC 'L D O 1- 00 ON N O N v 00 00 00 00 0 0 00 00 00 E M N ON Ll 0 O O G1 6 v z. N N N N nl N N .. Q QJ v Cl Ln cncn watuaainbag A1!jede:) s,QrIWH x o V 1 I Lr) O O fA 6R fA FA D O 1- 00 ON N O N v 00 00 00 00 0 0 00 00 00 E M N ON Ll 0 O O G1 6 v z. N N N N nl N N .. Q QJ v Cl Ln cncn watuaainbag A1!jede:) s,QrIWH x o V 1 I O O M N 0 VH 00 00 O N 0 0 N O N M 10 O N N O N PA ri-4 O O O O C Q% 0 O ,rryy^^JJjj O � O O w pto � ■ Ln O Ln ) � ■ ��1 a -J bA h�1 O Q O O O O C O O O � O O O pto � O O O O O O 64 � i� v O u M u w C v 0 cn V 0 o v U v tN v • V � v D U c. +J 0 p� ch Ln v O i� v O u M u w C 1 0 cn V 0 o v U 0 tN 0 • V � lf1 U 0 +J 0 p� ch Ln i� v O u M u w C 0 0 0 0 0 0 °O °O 0 0 0 p� ch Ln I � f 0 0 0 0 0 °O °O °O °O o I � f W, PIA SO w• v v cn W 0 ° 00 0 0 00 o�w v� 00 0 0 00 Ln Q 00 00 O O 00 �+ 0 4-J 00 t- \o V*� f.S W, PIA SO w• v v cn 0 ° 00 0 0 00 00 0 0 00 Q 00 00 O O 00 �+ 0 a*� 00 t- \o V*� f.S W, PIA SO w• v v cn To: Coleen O'Brien (llw From: Maureen McHugh, Jane Parentea 4 Date: January 8, 2015 Subject: Purchase Power Summary — November, 2015 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of November, 2015. ENERGY The RMLD's total metered load for the month was 52,592,655 kWh, which is a 3.21% decrease from the November, 2014 figures. Table 1 is a breakdown by source of the energy purchases. Resource Millstone #3 Seabrook Stonybrook Intermediate Shell Energy NextEra NYPA ISO Interchange NEMA Congestion Coop Resales BP Energy Hydro Projects" Braintree Watson Unit Saddleback Wind One Burlington Solar Exelon Stonybrook Peaking Monthly Total Table 1 Amount of Cost of % of Total Total $ $ as a Energy Energy Energy Costs % (kWh) ($/Mwh) 3,581,246 $6.71 6.78% $24,030 0.97% 2,947,781 $6.69 5.58% $19,709 0.79% 208,701 $103.88 0.39% $21,680 0.87% 10,807,750 $70.33 20.45% $760,106 30.53% 7,179,000 $56.34 13.58% $404,497 16.25% 2,550,557 $4.92 4.83% $12,549 0.50% 6,312,980 $44.63 11.94% $281,778 11.32% 0 $0.00 0.00% -$46,848 -1.88% 13,300 $151.41 0.03% $2,014 0.08% 7,897,600 $47.73 14.94% $376,952 15.14% 1,178,021 $93.34 2.23% $109,960 4.42% 153,765 $137.06 0.29% $21,074 0.85% 1,583,528 $94.99 3.00% $150,412 6.04% 169,116 $70.00 0.32% $11,838 0.48% 8,273,900 $41.07 15.65% $339,778 13.65% 0 $0.00 0.00% $18 0.00% 52,857,245 $47.10 100.00% $2,489,548 100.00% 'Pepperell, Woronoco,lndian River, Turner Falls,Collins, Pioneer,Hosiery Mills, Summit Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT CW Net Energy for the month of November, 2015. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 8,804,809 $41.25 16.66% Settlement RT Net Energy -2,491,829 $32.67 -4.71% Settlement ISO Interchange 6,312,980 $44.63 11.94% (subtotal) Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy NOVEMBER 2015 ENERGY BY RESOURCE Saddlel Wind, Braintree 0, Hydro Projects, 2.2% Stonybrook 5.6% )rook ate, 0.4% CAPACITY The RMLD hit a demand of 99,819 kW, which occurred on November 30, at 6 pm. The RMLD's monthly UCAP requirement for November, 2015 was 224,180 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 Source Amount (kWs) Cost ($/kW -month) Total Cost $ % of Total Cost Millstone #3 4,950 34.69 $171,720 11.04% Seabrook 7,910 39.34 $311,215 20.01% Stonybrook Peaking 24,981 2.00 $49,913 3.21% Stonybrook CC 42,925 7.76 $333,179 21.43% NYPA 4,019 4.19 $16,834 1.08% Hydro Quebec 0 0 $38,405 2.47% Nextera 60,000 5.90 $354,000 22.77% Braintree Watson Unit 10,520 11.24 $118,196 7.60% ISO -NE Supply Auction 66,873 2.42 $161,549 10.39% Hydro Projects 2,002 0.00 $0 0.00% Total 224,180 $6.93 $1,555,012 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($/kWh) Millstone #3 $24,030 $171,720 $195,750 4.84% 3,581,246 0.0547 Seabrook $19,709 $311,215 $330,924 8.19% 2,947,781 0.1123 Stonybrook Intermediate $21,680 $333,179 $354,860 8.78% 208,701 1.7003 Hydro Quebec $0 $38,405 $38,405 0.95% - 0.0000 Shell Energy $760,106 $0 $760,106 18.81% 10,807,750 0.0703 NextEra $404,497 $354,000 $758,497 18.77% 7,179,000 0.1057 * NYPA $12,549 $16,834 $29,383 0.73% 2,550,557 0.0115 ISO Interchange $281,778 $161,549 $443,327 10.97% 6,312,980 0.0702 Nema Congestion -$46,848 $0 -$46,848 -1.16% - 0.0000 BP Energy $376,952 $0 $376,952 9.33% 7,897,600 0.0477 * Hydro Projects $109,960 -$1,297 $108,663 2.69% 1,178,021 0.0922 Braintree Watson Unit $21,074 $118,196 $139,271 3.45% 153,765 0.9057 * Saddleback Wind $150,412 -$1,297 $149,115 3.69% 1,583,528 0.0942 * One Burlington Solar $11,838 $0 $11,838 0.29% 169,116 0.0700 Coop Resales $2,014 $0 $2,014 0.05% 13,300 0.1514 Exelon Energy $339,778 $0 $339,778 8.41% 8,273,900 0.0411 Stonybrook Peaking $18 $49,913 $49,932 1.24% - 0.0000 Monthly Total $2,489,548 $1,552,417 $4,041,966 100.00% 52,857,245 0.0765 * Renewable Resources 10.37% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through November 2015, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of November, 2015 were $806,354. This is a decrease of 36.85% from the October transmission cost of $1,276,977. In November, 2014 the transmission costs were $716,111. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 99,819 RECs Summary 99,937 Energy (kWh) 52,857,245 Period - January 2015 - November 2015 54,368,253 Banked Projected Total Est. $2,374,999 RECs RECs RECs Dollars Woronoco 836 1,780 2,616 $112,488 Pepperell 1,939 2,434 4,373 $188,039 Indian River 817 1,614 2,431 $104,533 Turners Falls 132 1,340 1,472 $0 Saddleback 1087 4,382 5,469 $235,167 Jericho 0 0 0 $0 Sub total 4,811 11,550 16,361 S640,22T RECs Sold 0 $0 Grand Total 4,811 11,550 16,361 $640,227 TRANSMISSION The RMLD's total transmission costs for the month of November, 2015 were $806,354. This is a decrease of 36.85% from the October transmission cost of $1,276,977. In November, 2014 the transmission costs were $716,111. Table 6 Current Month Last Month Last Year Peak Demand (kW) 99,819 92,325 99,937 Energy (kWh) 52,857,245 53,541,382 54,368,253 Energy ($) $2,489,548 $2,543,917 $2,374,999 Capacity ($) $1,553,714 $1,442,001 $1,420,085 Transmission($) $806,354 $1,276,977 $716,111 Total $4,849,617 $5,262,895 $4,511,195 V Z W_ V LL LL - LL, W I� V W Z W 3 ;) [7 1n N N N O c0 Q n co OD CO N a O (rD N co r cn 0 O w C M N N Cl) C N 1n rp LOm O N LL O 0 d9 W. 69 v% _ M LO N N .__: O Cl) Y M O CO O LO N M h 1� m LO E a a: h9 69 - Vi 60 G9 fA g LLq N N cn b bS 25 N )V h O O Cl Cl) O O e 0 w N fE N N d O N N r N } O d' 69 W. .....:...... 6Y H Vi tH co C) O M M M Ct b N co N C4 cn ao r N to V! N h O O O OOi N l0 D F Q' vi 60 64 _... W. L O (dppi O (IpA O O O 8 O Y N N N N N r N w 0 vi 64 w l7 69 7 O N o: ,T Jo f0 O NN N CD T LM M a ..Lq . 0 N 0 )c') co r V) C ui N w N w N N w LO N w LO 0 0 N M N r 7 Q O 3 Y Vi 69 O 69 N_ if9 N N L O ' co v m tD m f� M r- C) co LO co o NO N N >. w w w y, w w V, U N N O 0w M <C a r0 H Lj 69 of vi 69 60 u9 N 1p� N N tp C) Co N N � cl 11-i o co oz LO (gip N O M co 7 w w w w w w w N w w M O 3 O co co v G" a Cq vi 0 N C a° 8 w w w w w LLI w y w w n p N m M >� Y t0 4n Y ccl N N co U 0 cn Q n N LO n N 0)� q� g lG 25 O T r O do N r .0 tC CL A W E w w N U w w w H w w N N n m 0 N S Vi l O S S } LL LL L}L LL ll LL 10 d N d co IA a N N N W y E a E 8 H U w w w w w y w w N y F 00 0 H mN l7 M t7 01 N M [7 1n N N N 8 L N w N N N N N C 1n rp N O N LL O O O N 0- r E a g bS 25 N )V h e 0 w N N N N O N N r N } Q O g NN O O O OOi A m 8 N N N N N r N w 0 w l7 c7 7 O N o: ,T Jo OY'AwA a ..Lq . 0 N 0 eq co r C A N w N w N N w y N w 0 0 N M N r 7 Q O O 00 N_ if9 N N O LO N v co tD m 12 �0 0 o w N N w w w w y, w w r N N O 0w N co r0 m 1p� N 1p� N N tp 8 Y Co N O a w w w w w w w N w w 3 0 v 0 a Cq vi 0 a° 8 w w w w w w w y w w n p N m M Y t0 4n Y ccl N co U 0 Q n N LO n N 0)� q� g rn r 25 O T O do N r tC N A E w w N w w w w H w w N N ❑ 0 N S Vi l O S S N O IA V N N 8 w w w w w w w y w w N y F 00 0 H mN l7 M t7 01 N M � Q LL7 Cli N N w! m O 0 t� t0 G� C6 N N N N N N N N y N N CO Q W �N l? {? N L ~ N N N t0 O (d r 0 N N N w 1// N N Y1 N N m pp N m co N N N O) Of m b 0 N p r mpp ON [2 O f0 O8 N N N N N �' r fV N N N To: Coleen O'Brien (IlIw FroMaureen McHugh, Jane Parenteau Date: January 8, 2015 Subject: Purchase Power Summary — December, 2015 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of December, 2015. ENERGY The RMLD's total metered load for the month was 56,355,652 kWh, which is a 4.67% decrease from the December, 2014 figures. Table 1 is a breakdown by source of the energy purchases. Table 1 *Pepperell, Woronoco,lndian River, Turner Falls, Collins, Pioneer,Hosiery Mills, Summit Hydro Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone #3 3,694,799 $6.71 6.60% $24,792 0.90% Seabrook 5,900,108 $6.54 10.53% $38,582 1.40% Stonybrook Intermediate 484,463 $466.79 0.86% $226,145 8.20% Shell Energy 11,072,000 $70.30 19.76% $778,413 28.23% NextEra 8,779,000 $66.14 15.67% $580,622 21.06% NYPA 2,686,822 $4.92 4.80% $13,219 0.48% ISO Interchange 1,514,635 $33.60 2.70% $50,889 1.85% NEMA Congestion 0 $0.00 0.00% -$89,047 -3.23% Coop Resales 12,234 $152.85 0.02% $1,870 0.07% BP Energy 8,848,000 $47.73 15.79% $422,315 15.32% Hydro Projects* 2,931,338 $91.41 5.23% $267,947 9.72% Braintree Watson Unit 460,233 $58.69 0.82% $27,011 0.98% Saddleback Wind 1,417,601 $0.00 2.53% $0 0.00% Exelon 8,132,000 $51.56 14.52% $419,314 15.21% One Burlington Solar 86,248 $70.00 0.15% $6,037 0.22% Stonybrook Peaking 0 $0.00 0.00% -$10,963 -0.40% Monthly Total 56,019,481 $49.22 100.00% $2,757,146 100.00% *Pepperell, Woronoco,lndian River, Turner Falls, Collins, Pioneer,Hosiery Mills, Summit Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of December, 2015. Table 2 liliiw Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP ` 5,847,412 $23.62 10.44% Settlement RT Net Energy" -4,332,777 $20.14 -7.73% Settlement ISO Interchange 1,514,635 $33.58 2.70% (subtotal) * Independent System Operator Day -Ahead Locational Marginal Price " Real Time Net Energy DECEMBER 2015 ENERGY BY RESOURCE Saddleback V+ 2.5% Braintree Wal Unit, 0.8% ISO 1 me 2. Stonybrook Paakina_ 0-0% Stonybrook armediate, 0.9% CAPACITY The RMLD hit a demand of 100,307 kW, which occurred on December 29, at 6 pm. The RMLD's monthly UCAP requirement for December, 2015 was 224,719 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 Source Amount (kWs) Cost ($/kW -month) Total Cost $ % of Total Cost Millstone #3 4,950 34.71 $171,830 10.89% Seabrook 7,910 41.60 $329,055 20.85% Stonybrook Peaking 24,981 2.01 $50,223 3.18% Stonybrook CC 42,925 7.66 $328,712 20.83% NYPA 4,019 4.19 $16,834 1.07% Hydro Quebec 0 0 $18,494 1.17% Nextera 60,000 5.90 $354,000 22.43% Braintree Watson Unit 10,520 11.12 $116,969 7.41% ISO -NE Supply Auction 67,412 2.85 $192,097 12.17% Hydro Projects 2,002 0.00 $0 0.00% Total 224,719 $7.02 $1,578,215 100.00% Table 4 shows the dollar amounts for energy and capacity per source. Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($/kWh) Millstone #3 $24,792 $171,830 $196,622 4.54% 3,694,799 0.0532 Seabrook $38,582 $329,055 $367,637 8.48% 5,900,108 0.0623 Stonybrook Intermediate $226,145 $328,712 $554,857 12.80% 484,463 1.1453 Hydro Quebec $0 $18,494 $18,494 0.43% - 0.0000 Shell Energy $778,413 $0 $778,413 17.95% 11,072,000 0.0703 NextEra $580,622 $354,000 $934,622 21.56% 8,779,000 0.1065 * NYPA $13,219 $16,834 $30,053 0.69% 2,686,822 0.0112 ISO Interchange $50,889 $192,097 $242,986 5.60% 1,514,635 0.1604 Nema Congestion -$89,047 $0 -$89,047 -2.05% - 0.0000 BP Energy $422,315 $0 $422,315 9.74% 8,848,000 0.0477 * Hydro Projects $267,947 $0 $267,947 6.18% 2,931,338 0.0914 Braintree Watson Unit $27,011 $116,969 $143,980 3.32% 460,233 0.3128 * Saddleback Wind $0 $0 $0 0.00% 1,417,601 0.0000 Coop Resales $1,870 $0 $1,870 0.04% 12,234 0.1528 Exelon Energy $419,314 $0 $419,314 9.67% 8,132,000 0.0516 Stonybrook Peaking -$10,963 $50,223 $39,260 0.91% - 0.0000 * One Burlington Solar $6,037 $0 $6,037 0.14% 86,248 0.0700 Monthly Total $2,757,146 $1,578,215 $4,335,361 100.00% 56,019,481 0.0774 * Renewable Resources 12.71% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through December 2015, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of December, 2015 were $955,262. This is an increase of 18.47% from the November transmission cost of $806,354. In December, 2014 the transmission costs were $812,385. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 100,307 RECs Summary 109,529 Energy (kWh) 56,019,481 Period - January 2015 - December 2015 58,942,336 Banked Projected Total Est. $2,754,213 RECs RECs RECs Dollars Woronoco 836 2,591 3,427 $147,361 Pepperell 1,939 2,751 4,690 $201,670 Indian River 817 1,973 2,790 $119,970 Turners Falls 132 1,466 1,598 $0 Saddleback 1087 5,800 6,887 $296,141 Jericho 0 0 0 $0 Sub total 4,811 14,581 19,392 7 ,14 RECs Sold 0 $0 Grand Total 4,811 14,581 19,392 $765,142 TRANSMISSION The RMLD's total transmission costs for the month of December, 2015 were $955,262. This is an increase of 18.47% from the November transmission cost of $806,354. In December, 2014 the transmission costs were $812,385. Table 6 Current Month Last Month Last Year Peak Demand (kW) 100,307 99,819 109,529 Energy (kWh) 56,019,481 52,857,245 58,942,336 Energy ($) $2,757,146 $2,489,548 $2,754,213 Capacity ($) $1,578,215 $1,553,714 $1,415,709 Transmission($) $955,262 $806,354 $812,385 Total $5,290,623 $4,849,617 $4,982,307 } U Z LJ.I U LL LL W V LU Z L1J to ap & - to pOOt) tmtp t0 .�- eT co `n° M N rn H N H H N C M M O N f`7 N to N O LL tn m 0 U to to FA 6% EH to M Ul) _........ _. N N _,.._.._. - O M C W N '- N fn Oi �a n to t° °' n m to r a to tH Eo to u9 to t N -.__.. O � N 25 Si r O W O M O O N e7 $ i0 w N N N w a O N 69 to 69 69 -. __... to to co .... M M O Oa M LO N tD M N N O n to W N to N � n r a 8 N N w H fA El9 H to to 619 to � O O O Y to 69 to LO �j � tMD O cn a, V a (O N n O >+ 6 C4 a N N � LLOO M n f9 H H H w w w H to H w o o° n v n Q d Y � fA 69 � fo �i N a or N T o v LO LO � co 0 - n M n to O 00 NO N 7+ p 0 r- w N N H 69 '� ty H H d M N lC a O 0O0 N m cc to 09 to to to to n � N ��p O N tn7 M V O v n I n M w w w H�� wpp w w H H O to '- O p N V y t0 )n a N r �rnrn SC S a C" C W W a� > t81 w w to H H of N H H N a D>� : In g in In O N In In U `w W 9$ E H w U w w w w N H H t0 G r Y M Q (� f'7 N N N N U LO r r p) r 12 r O r b r Y r r+ h N r m n m : nn to r W }n LL LL 8 H w LL H _ R U- K N N (U N p l'J m pp N M �p N W p N Q a r a E W N m U H U (0 H U H F U W H N H H N w f`7 N r N O LL a O N S C W N '- N fn Oi S E g 25 Si � W e7 $ w N N N w O O N N n a d W A 8 N w H H N H H H � d V a (O N n C CO 1 W H H H w w w H 69 H w o o° n v n Q d �i N a or N T o v 1 � - r �i W p 0 w w N N H w w N H H d N r N O 0O0 N m O a w w w H�� wpp w w H H H > O p N V y t0 )n a N r SC S a a� 8 w w H H H w w H H H a In g in In O N In In `w W 9$ E H w w w w w w N H H a r Y M Q (� f'7 N N N N N r r p) r 12 r O r b r Y r r+ h N r r W 8 H w Hp H Hp� R Hp� K w wp N p l'J m pp N M �p N W p N Q a N N W 0 n (0 fD C-4 l7 O N N H H H N H w H H N coN fQ�V Cl) 2 a Q� cy, �S o�i q5� bi O s 8 O Q� bi ci QN M U a N N N E M_ m W 3 a N O B O Qf O N N N N C2 N ^ N V N m R* /(T Reading Municipal Light Department ��/�L 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.m-dd.com January 15, 2016 Town of Reading Municipal Light Board Subject: Janitorial Services On December 2, 2015 a bid invitation was placed as a legal notice in the Reading Chronicle, Middlesex East, requesting proposals for Janitorial Services for the Reading Municipal Light Department. An invitation to bid was mailed to forty one companies listed below: A.C.P. Cleaning, Inc. ABM Janitorial Advanced All -Pro Cleaning American Cleaning Northeast, Inc. Maintenance Solutions Systems Co. AM -PM Cleaning Aplus Boston Cleaning Clean -Link Compass Facility Corp. Company Services Complete Industrial Consolidated CSI International, Empire Cleaning Empire Cleaning, Cleaning, Inc. Service Inc. Inc. Inc. Express Janitorial Facilities Mgmt. & FMN Services, Inc. G Associates Green Life Service Group Maintenance, Inc. Corp. Janitorial Services Harvard JC Zampell JaniKing Jani-King Janitronics Inc. Maintenance, Inc. M&M Cleaning McGarr Services National Cleaning NECC Corp. Peace Services Corp. Corp. Maintenance Peace RC Cleaning Resource One ResourceOne S.J. Services Maintenance, Inc. Specialists, Inc. Star Building Services ServiceMaster State Cleaning Swilley Commercial The Cleaning Crew (SBS) Service, Inc. Cleaning TNT Cleaning Services, Inc. Bids were received from five companies: Advanced Maintenance Solutions, M&M Cleaning Services, S.J. Services, Star Building Services, and TNT Cleaning Services, Inc. The bids were publicly opened and read aloud at 11:00 a.m. January 7, 2016 in the Town of Reading Municipal Light Department's Audio Visual/Spurr Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Attachment 2 RMLD Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 Move that bid 2016-01 for the Janitorial Services be awarded to: TNT Cleaning Services, Inc. for $92,826.00 as the lowest responsive qualified bidder on the recommendation of the General Manager. (This is a three year contract, award pricing is based on three years combined.) The 2016 Operating Budget amount for Year 1 is $47,000.00. Coleen 'B Yp Y -.M" Paula O'Leary yc l.kl L/"' O , Paul McGonagle 2016-01 Janitorial Services.doc � a �» e 0 , ? / (L § / k § 7 \ k } 2 § \ \ k k k 2 k ^ � \ \ Cl) o \ k % S p G 2 a\ Oct R - g Kq q % cq N o 6s & & & & k R \ 7 G ^ -I k / k k k / k ww R E \ 2 S ~ a a c » w \ \ 7 \ Ci � / k CD cn $ \ \ G \ G \ 0 o a CN w \ \ 2 E $co d J / el 64 ww 0 ( . C a \ k ° © \ 2 � � \ - § f $ A ; E k m \ 12» $ Q ) 2 do,\ \ \ \ k § / (L § / k § 7 \ k } 2 § R M L D January 20, 2016 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MAO 1867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Fiberglass Trench Covers for Substation 4 On December 9, 2015 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals for Fiberglass Trench Covers for Substation 4 for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO Shamrock Power JF Gray & Associates MetroWest Power Tech-UPSC Hasgo Power Sales Robinson Sales EL Flowers & Associates HD Industrial Services Genergy Corp. MVA Power, Inc. Siemens Graybar Stuart Irby Spectrum industries, Inc. EJ USA Bids were received from Shamrock Power, EJ USA and WESCO. The bids were publicly opened and read aloud at 11:00 a.m. January 14, 2016 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2016-15 for Fiberglass Trench Covers for Substation 4 be awarded to: WESCO for a total cost of $108,000.00 Item (desc.) Item 1 - Fiberglass Trench Covers Total Net Cost $108,000.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid/FY16/ 2016-15 Fiberglass Trench Covers for Substation 4 RMLD I Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 The FY16 Capital Budget allocation for the purchase of these items under the Substation Equipment Upgrade project was estimated at $175,000. Paula O'Leary Nick D'Alleva File: Bid/FY16/ 2016-15 Fiberglass Trench Covers for Substation 4 / /f t o E e � � E 2 2 \ \ k 2 $ ° E\f � /k\ \ \ § § $ Z3$ /\2 k t \ k k k \� 77 e 22 k k \ k2 � E \ o d CC) o CD CN C � ; k R GO 2 co 2 CM » n 7 k m C� $ t E 2 � \ / k n 0 @ 2 a o / � � 4 e k m k ® ° k J \ f \ \ cc / U U) 2 & 0 4 � i S 2 2 3 ■ � d < , \ ± LL U) E LL k k § \ \ D / RMLD <)jRELIABLE Reading Municipal Light Department POWER FOR GENERATIONS 230 Ash Street P.O. Boz 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com January 21, 2016 Town of Reading Municipal Light Board Subject: Single Phase Pole Mounted Transformers On December 16, 2015 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals Single Phase Pole Mounted Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO Graybar Electric Company EDI Yale Electric Shamrock Power Sales, Inc. Hughes Supply, Inc. Ward Transformer Sales Jordan Transformer Power Tech-UPSC Hasgo Power Robinson Sales Stuart C. Irby Pacific Crest Transformers IF Gray Bids were received from WESCO, Power Sales Group, Stuart C. Irby and Graybar Electric Company. The bids were publicly opened and read aloud at 11:00 a.m. January 14, 2016 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2016-17 for Single Phase Pole Mounted Transformers be awarded to: WESCO for a total cost of $105,400.00 Item (desc.) Qy Unit Cost Total Net Cost Item 1(25 Kva) Cooper Power 20 $882.00 $17,640.00 Item 2 (37 1/2 Kva) Cooper Power 50 $1,040.00 $52,000.00 Item 3 (50 Kva) Cooper Power 30 $1,192.00 $35,760.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid/FY16/1PH Pole Mounted TR 2016-17 RMLD <=I -r Reading Municipal Light Department RELIABLE POR'ER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MA 01867-0250 The FY16 Capital Budget allocation for the purchase of these units under the Transformer project was estimated at $129,000 for 86 units. The Department actually requires 100 units to replenish the transformer inventory. These units will be used for the Transformer Maintenance Program and area upgrade projects. Coleen O'Brien Paula O'Leary -P-1 /-L-� Peter Price File: Bid/FY16/1PH Pole Mounted TR 2016-17 N O N N N G Q h O y co m O :S3 � U m W y 0o a O C N y N r m m U U 00 h j 0 O y N d O m U N al y y a T o e y m L N U N N 0 O a a� v� L a� 3 _o d N � N O a7 T d T a co O O O O O O O O O O O O O 0000 0000 0000 P > Z voctoo oinccoo0 coo o�� 00 cl Ct i d o c, am rn o � h " to W) to M O I --of ui n N co V M I' -co 0o c�i N Il- V m C m E° w w vs s f6,3,V9a < cfl br� va E O N M M N Lf) CO M CM N M 3 000 000 000 E U co I* N coo NMUi M �m a� w � ww sviain v3 in 609. `o 000 000 000 Q Q Q Y Y C 19 V X N N N _,u) N N N O N N N 3 33 r °'°1°' 3 3 3 333 rn rn rn 0 0 0 E H L 0 a0 CD CO 7-- co 0o CO 0 c 0 a� m a) o ,Q c3 33 0 0 0co d2 a 0 0 0 co m m co co m o `m `m 0 0 0 m d aaa ==x f2 m m Q +�. U 0 0 0 C C C _ 3 C-13 UUU UUU76 O N d a Q. Y Y H> h as > N > N m c d > N > m N m > > Y H 0 d = Y Y A Y Y Y p w r a :° o N M to O V" m O (`7 .LO.. .N... N A FNM wEEE 3.–NM 0 E y— NM EEE T c,o = O 3 0 0 ai E E a w 0 0 M 0 0 0 2 y m m C� RMLD ((D) January 21, 2016 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Three Phase Pole Mounted Transformers On December 16, 2015 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals Three Phase Pole Mounted Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO Graybar Electric Company EDI Yale Electric Shamrock Power Sales, Inc. Hughes Supply, Inc. Ward Transformer Sales Jordan Transformer Power Tech-UPSC Hasgo Power Robinson Sales Stuart C. Irby Pacific Crest Transformers IF Gray Bids were received from WESCO, Stuart C. Irby and Power Sales Group. The bids were publicly opened and read aloud at 11:00 am January 14, 2016 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2016-18 for Three Phase Pole Mounted Transformers be awarded to: Power Sales for a total cost of $9,102.00 Item (desc.) Sty Manufacturer Unit Cost Total Net Cost 1(30 kVa 13800 0120/208) 3 Howard $3,034.00 $9,102.00 WESCO for a total cost of $39,770.00 Item (desc.) -Qty Manufacturer Unit Cost Total Net Cost 2 (75 kVa 13800 0120/208) 7 Power Partners $3,790.00 $26,530.00 4 (45 kVa 13800 A 277/480) 4 Power Partners $3,310.00 $13,240.00 File: Bid/FY16/3PH Pole Mounted TR 2016-18 0 R M L DCo�-'\ Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 Stuart C Irby for a total cost of $20,066.00 Item (desc.) Qty Manufacturer Unit Cost Total Net Cost 3 (225 kVa 13800 A 120/208) 2 CG Power $6,784.00 $13,568.00 5 (225 kVa 13800 A 277/480) 1 CG Power $6,498.00 $6,498.00 as the lowest qualified bidder on the recommendation of the General Manager. The total for all of these bids is $68,938. The FY16 Capital Budget allocation for the purchase of these units under the Transformer project was estimated at $201,500 for 31 units. The Department actually requires 17 units to replenish the transformer inventory. These units will be used for the Transformer Maintenance Program and commercial projects. Coleen O'Brien Peter Price File: Bid/FY16/3PH Pole Mounted TR 2016-18 a N 3 N L m T C Q h O m C G a m O Nn � U � k m L11 h t m m T m t � U U ap ur � o y m Q C 0) O m U m m co � 0 O m CN W T m 7 h m O O O O O O O O O �D z N N r Q I� N M M 1AV! V) O O O O O 0 0 0 0 0 za0 O O O O NI O M N Ci N o v inrN r m U tri w � of co F� 60- vw i9 � CO r N 00000 y O p C) 0 0 O M N O CO O N U [Icc Mr of of 00 Cl) m to w e% to 64 00000 aza�a m aa¢a¢ N ) Y Y Y Y O cD O O W O N N N N d d N C C C C m c r r r r m m m m m aaaaa aaaaa 00 CO O O V N N N O r N N64 r N m m @ m YO Q O 0 O 0O O O OD coM O 000 M m m m Y Y Y Y Y 0 O N N U W W � N co d O ui 3 N N N N N O O O O O O OD 00 10 u V O cc Ct M W N 40 !A O O O O O O O O O O 0) � CO N 00 m r m � O C o n a N OM a0 fO M w to to in en M r N V O O O O O O O O O O Cl) Cl) Itt 00 00 Mco m Ch ir IqI v )ri to v m Fav>wfatoll 00000 Y Y Y Y Y (V N (y N (y a°aa°a°a cD CD 0 c7 0 U U U U U O O N c0< N N O V r O O V r N r Y N m O) O1 G N C O a O 000 W M OO M M M M d i ; i Y Y Y H Y p ciO ON ON m N M V 1O y N N m N d N t p O O O N N O O W W O O O O O O O O O Cl iV MO N O �.0g0)V O M M aado b9 CO fA EA M r N V 0 0 0 0 0 0 0 0 0 0 O) M co O O Oct to cc m)Ommo w 611 b9 00000 a a a a a aaaaa Y Y Y Y Y 3 3 3 3 7 N 7 7 p 0 0 0 0 'o v v v -o =xxxx W o O 000 O O N CO V r N m N m O O D Q O O O O O O O 00 O OO M M r M •M j0 Y y Y N O to N LO N M t:, .N.. .N... 3 � N Cl) V O IL m 0 m 0 0 0 N CL 0 N i RMLD January 21, 2016 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.rmid.com Town of Reading Municipal Light Board Subject: Single Phase Pad Mounted FR3 Transformers On December 16, 2015 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Chronicle requesting proposals for Single Phase Pad Mounted FR3 Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO Graybar Electric Company EDI Yale Electric Shamrock Power Sales, Inc. Hughes Supply, Inc. Ward Transformer Sales Jordan Transformer Power Tech-UPSC Hasgo Power Robinson Sales Stuart C. Irby Pacific Crest Transformers IF Gray Bids were received from WESCO, Graybar Electric Company, Power Sales Group and Stuart C. rby. The bids were publicly opened and read aloud at 11:00 a.m. January 14, 2016 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2016-19 for Single Phase Pad Mounted FR3 Transformers be awarded to: WESCO for a total cost of $119,910.00 Item (desc.) Sty Manufacturer Unit Cost Total Net Cost 1(25 kVa) 5 ERMCO $1,832.00 $9,160.00 2(371/2 kVa) 20 ERMCO $2,025.00 $40,500.00 3 (50 kVa) 25 ERMCO $2,250.00 $56,250.00 4 (75 kVa) 5 ERMCO $2,800.00 $14,000.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid/FY16/1 PH Pad TR 2016-19 Reading Municipal Light Department RMLD / RELIABLE POWER FOR GENERATIONS =J 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 A The FY16 Capital Budget allocation for the purchase of single phase pole -mounted transformers is $100,000 for 40 units. The Department requires 55 units to replenish the transformer inventory. These units will be used for the Transformer Maintenance Program and in inew underground subdivisions. Coleen O'Brien. Paula O'Leary Peter Price File: Bid/ FY16/1 PH Pad TR 2016-19 07 m N N N -c C 3 . Q y O y C a m g E c .Q aNi � U �a a 0 0 y y N U U ap 0 y N 00 y O y N N O c�D N E i N r a T w a U N A C 0. LL a N o m `o U) c w U t6 N O y C m O C O N O 0 c n .r - q-- Q) O N d N T O C.n T T N 0 CUN W W W W O- O O O O O O O O O O 00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c (6 Zco O co O O (0 O N O— (O 0 0 LO O Cl) O r0 N O O t0 0 a LO r` 00 E O h O " N N O to Lr O N O co M (O (") M Vi CO (O � ao w m OU Cl O t0 a to wv W O O r : t v to N (") to n ` O �wvs� 9. in vg V9.e»v3v3f»� 3 m E �{ oLOC) � (n � o O1 � N N O N N� N N� rymj N O O O O O O O O 0 0 co 0 0 0 0 O O O O 0 0 0 0 r y O N N O O r --O O t0 M r` <t O V Ln 40 OMD' O N O V (q "0 LQ (O O L -O C N N N N N N m N N Cl) Cl) m W di V� 19 fA 69 U9. V99 v) vi EA v3 N 0000 OOOO C c y 0000 m O Q ¢ Q Q w N Q Q Q Q N N N N N y N N )C 0) cc O . [ Y Y Y 0000 o wm O O "O m 0m m d N d 3 3 3 3 3 3 3 3 r O 3 3 3 3 vv� 000 c 0 Q co CO 00 co`— W O W W io N m M N OTi N N co LL.c c c c m 0000 22 0 0 -O-E -O a Gm =O m m 0 0 0 0 76 = W W W W c a 3 a 10 to o f0 V 7 7 i m m m m N m m U N N Y Y Y Y Y Y N C N Y Y Y rD O W 0u')roL U V)r,Oto tnLor-o(n NMLr N f0 N d to N M a W t0 N M 'Ir ' = a E E E E E E E E O E E E E c t0 d 0 O1 d N 0 0 0 0 a 0 RMLD CO) January 21, 2016 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Three Phase Pad Mounted Transformers (Dead Front) On December 16. 2015 a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals for Three Phase Pad Mounted Transformers for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group WESCO Graybar Electric Company EDI Yale Electric Shamrock Power Sales, Inc. Hughes Supply, Inc. Ward Transformer Sales Jordan Transformer Power Tech-UPSC Hasgo Power Robinson Sales Stuart C. Irby Pacific Crest Transformers IF Gray Bids were received from Graybar Electric Company, WESCO, Stuart C Irby and Power Sales Group. The bids were publicly opened and read aloud at 11:00 a.m. January 14, 2016 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2016-21 for Three Phase Pad Mounted Transformers be awarded to: Stuart C Irby for a total cost of $133,931.00 Item (desc.) _Qty Manufacturer Unit Cost Total Net Cost Item 1(150 kVa Delta 120/208) 3 CG Power $5,151.00 $15,453.00 Item 2 (300 kVa Delta 120/208) 3 CG Power $6,851.00 $20,553.00 Item 3 (500 kVa Delta 120/208) 1 CG Power $9,905.00 $9,905.00 Item 4 (150 kVa Delta 277/480) 5 CG Power $5,011.00 $25,059.00 Item 5 (225 kVa Delta 277/480) 3 CG Power $5,740.00 $17,220.00 Item 6 (300 kVa Delta 277/480) 2 CG Power $6,455.00 $12,910.00 Item 7 (500 kVa Delta 277/480) 2 CG Power $8,173.00 $16,34.00 Item 8 (1500 kVa Delta 277/480) 1 CG Power $16,489.00 $16,489.00 as the lowest qualified bidder on the recommendation of the General Manager. File: Bid/FY16/3 PH Pad TR 2016-21 21 RMLD (0= Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MAO 1867-0250 The FY16 Capital Budget allocation for the purchase of these units under the Transformer project was estimated at $187,000 for 15 units. The Department actually requires 20 units to replenish the transformer inventory. These units will be used for the Transformer Maintenance Program, new commercial services and commercial service upgrades. r4L�1 Coleen O'Brien T'- .') X L - /' Paula 0'LeaFJ Peter Price File: Bid/FY16/3 PH Pad TR 2016-21 O o 0 0 0 0 0 0 0 In In O to N v a a0 M � to Of O N 01 M V Of O W M aN- (O (O m N N - r 0 0 0 0 0 0 0 0 0 M M— W M N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 tc) r O Lr) Cl) Of co 0) o n v_ a U.) to Cl 16 (C) O a0 to 00000000 aaaaaaaa N N N N N N N N d at at at of al d of 3 3 3 3 3 3 3 3 Of O 0) Of Of 0) 01 M 0 0 0 0 0 0 0 0 aaaaaaaa 00000000 U U U U 0 U U U 0000000010 0000000lo 0 1212(0Oi(oori CQ 12 (00 V M � N Ot(70 V OD O co O r i CO Of L6 O 0 N N N M M —tn MNN- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n tfi 0)M MW top O) O n wO a0 00(ncovrnoo roao�trSGOnoo � � N 00000000 aaaaaaaa Y Y Y Y Y Y Y Y 3 3 30:30: 3 3 3 00000000 w O M O 0 0 M w ` 2-222 00mm m m m m 0 0 S= 2 2== 2 m N 0000 o0a0O o00aoao0mv N N N '7 7 V:S� n 000nnnnn n n n r. - C14 N N N N m m a�a�a�ma)a�p m m m m m m m> N > > > > > > > Y N Lo 0 LooN o to �a Z 7— MV toOnW a aEi aEi aEi aEi EEi aEi aEi aEi 0000000010 oo0000000 1-00000oofl- O OOMO NCO M M V'N MO) OfOO O N O O G O N N M N — (O M M— tonN N.- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 M O O O O O O p (o nOOwOGO pl.: aN_(n(hOno rom:(or-:M0o 00w000�Of as Nada N N N N Y N N N Y Y a) Q1 a) a) a) a) a) a) r - (O O N co co (O N N m m C', ca m a a m m 0m m m 0 0 a a 0 a a a U 0 a0 tD OOOOOMO 0 oocoaoc000v 0 0 o n n n n n n n n n N N N N N m cf6 m m m m m�� m m m m m m m> m > > > > > > Y 0000(naoo O to 0 io NOOM U NM V io co n co LU LU N N E N N N N N O .6 `o n 0 0` o_ N N r m CL E cu C O U 0 m a T RMLD ((')) January 21, 2016 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Category 4 Arc Rated FR Clothing Program On January 6, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Reading Chronicle requesting proposals for Category 4 Arc Rated FR Clothing Program for Reading Municipal Light Department. An invitation to bid was emailed to the following: Action Apparel Shamrock Power (for Tyndale Company Inc. ArcWear Benchmark FR Clothing) Unifirst Cintas Corporation The Strong Group WESCO First Responder Total Access Industrial Workrite Uniform Hudson Workwear Specialist NE tasklights. Bids were received from Cintas Corporation and WESCO. Three 'no bid' notifications were received from Action Apparel, Shamrock Power Sales, and Tyndale Company, Inc. The bids were publicly opened and read aloud at 11:00 am on January 19, 2016, in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General'. Manager. Move that Bid 2016-23 for Category 4 Arc Rated FR Clothing Program be awarded to WESC0 for a total cost of $47,200.42 Item 1: (36) premium light weight Total Net Cost: $13,138.08 green arc flash protection coats Item 2: (36) premium lightweight Total Net Cost: $15,149.70 green arc flash protection bib coveralls Item 3: (32) lift front hoods premium Total Net Cost: $16,828.80 light weight green and (64) attachable tasklights. Item 4: (32) large storage bags and Total Net Cost: $2,083.84 (32) bags for lift front hood storage as the lowest qualified bidder and on the recommendation of the General Manager. RMLD Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MA 01867-0250 Fire rated clothing is included within each department budget as appropriate. This purchase is funded from various departments. Coleen O'Brien Paula O'Lea Steve DeFerrari 21 O W W Y N Y N 2 e in e N N cn 00 uy.ei� cryo 0 F O C O Co C! 10 O n OtD CO M �O e N Vf N u1 e e M N O N e Ot 0 CC O e w, ao n fV O1 n a e N m tD �n o0 M Ln in n fV ui ao lo o Ln e Of m o0 u ooneom coo Me Nn W W 0p a a Cp CO .ti .ti W .+ N N �o �o lD l0 N ut l0 IA O O u1 e a Co e to O 000dmniri .+.+00o ciao oe u ao eo m m m m m o M Ln e e .+ .+ e e .+ e e a m e N t z Fppa- w 'E 33 N X m o N m O E E v A Ko O A C A J E w E d LL No yVj D. ° d V " o o o E E U E' u Co " 'n w N O A O U w A O J o J o O w L m d d a d e d N L O O L � yp ice' J lLL a ii � O m Y J m m J o N n m -w n N n N N Q m m n+ S01 N tD N ti t0 '/ N �O e M l0 M M ID N m J 2 X x x X a- 0 X W LU � Z uV Z Lu Q (7 Z Z LU Lu W W 0- V) a mo Ln L E L w L) Ln 00 Lr) A .1 > in Ln p m Z r F- v V 00 Ol O - -1 LU Ji O N i N C7 O D lD M Q N i N D m .t i N W Z ^ Z Lu > LU } O 00 cc a L' (5), m a Q °° o Ln g r L, W m r`4 0n Z W k.D W W LL r -1 a- x x W Lc cl g 11 .--i 06 U in �! j i Z r r 00 O 1 d lD N w Ln Ci N r -i .4 0 00 Ln D Lr .--i Q N Zl O 4 N N W N W Z Z) W Z X > Lu w W 06 Ln O m I I M C N E t U cc Q O O O O O O O O O O O O O O O O 00 O O lCD z N N r r L) Ln 00 Lr) A .1 > in Ln p m Z r F- v V 00 Ol O - -1 LU Ji O N i N C7 O D lD M Q N i N D m .t i N W Z ^ Z Lu > LU } O 00 cc a L' (5), m a Q °° o Ln g r L, W m r`4 0n Z W k.D W W LL r -1 a- x x W Lc cl g 11 .--i 06 U in �! j i Z r r 00 O 1 d lD N w Ln Ci N r -i .4 0 00 Ln D Lr .--i Q N Zl O 4 N N W N W Z Z) W Z X > Lu w W 06 Ln O m I I M C N E t U cc Q FINANCIAL REPORT NOVEMBER 30, 2015 ISSUE DATE: JANUARY 6, 2016 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 11/30/15 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 10,200,816.12 13,678,729.91 RESTRICTED CASH (SCH A P.9) 23,301,691.45 23,113,271.50 RESTRICTED INVESTMENTS (SCH A P.9) 1,292,906.26 1,284,061.4 RECEIVABLES, NET (SCH B P.10) 9,425,898.54 7, 454,839.70 PREPAID EXPENSES (SCH B P.10) 1,117,460.35 1,611,014.3. OTHER DEFERRED DEBITS (SCH B P.10) 0.00 1,547,815.0p INVENTORY 1,397,112.80 1,663,281.0 TOTAL CURRENT ASSETS 46,735,885.52 50,353,013.0 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 26,993.75 26,993.7 CAPITAL ASSETS, NET (SCH C P.2) 69,773,416.93 70,252,378.6 TOTAL NONCURRENT ASSETS 69,800,410.68 70,279,372.4R TOTAL ASSETS 116,536,296.20 120,632,385.4"3 LIABILITIES CURRENT ACCOUNTS PAYABLE 7,177,466.39 9,514,232.5 CUSTOMER DEPOSITS 831,605.77 903,399.1',8 CUSTOMER ADVANCES FOR CONSTRUCTION 559,103.98 904,439.1,5 ACCRUED LIABILITIES 2,203.76 3,057,822.0'3 TOTAL CURRENT LIABILITIES 8,570,379.90 14,379,893.31 NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,918,870.73 3,070,487.3 i TOTAL NONCURRENT LIABILITIES 2,918,870.73 3,070,487.3 TOTAL LIABILITIES 11,489,250.63 17,450,381. 4 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 69,773,416.93 70,252,378.65 RESTRICTED FOR DEPRECIATION FUND (P.9) 5,560,253.19 6,508,973.15 UNRESTRICTED 29,713,375.45 26,420,652. 9 TOTAL NET ASSETS (P.3) 105,047,045.57 103,182,004.19 TOTAL LIABILITIES AND NET ASSETS 116,536,296.20 120,632,385.$3 ol m TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 11/30/15 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 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 SCHEDULE C CURRENT TEAR 2,975;74 24,018,01 26,993 75 1,265,842;23 6,035,6471488 12,158,35553 50,792,533101 70,252,378:65 70,279,372;40 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS (w 11/30/15 MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATING REVENUES: (SCH D P.11) LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE BASE REVENUE 1,653,269.01 1,753,086.15 9,381,296.21 10,475,213.37 11.66% FUEL REVENUE 2,418,013.33 2,551,186.05 15,229,940.94 14,799,276.86 -2.83% PURCHASED POWER CAPACITY 2,353,985.58 2,148,318.84 12,705,459.98 13,222,143.48 4.07% FORFEITED DISCOUNTS 41,756.80 57,834.38 322,366.95 319,635.30 -0.85% ENERGY CONSERVATION REVENUE 53,250.62 50,549.78 296,846.18 301,351.43 1.52% NYPA CREDIT (68,098.89) (87,425.40) (300,263.33) (429,770.00)'' 43.13% TOTAL OPERATING REVENUES 6,452,176.45 6,473,549.80 37,635,646.93 38,687,850.44 2.80% OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER CAPACITY 1,420,085.36 1,556,484.47 6,914,503.39 7,618,471.87 10.18% PURCHASED POWER TRANSMISSION 719,062.29 806,354,28 5,644,927.31 5,857,669.10 3.77% PURCHASED POWER FUEL 2,374,999.11 2,489,548.12 13,079,952.84 15,098,143.47 15.43% OPERATING 894,924.40 746,035.97 4,386,432.11 4,185,225.35 -4.59% MAINTENANCE 308,730.84 162,431.93 1,423,480.62 1,208,742.22 -15.09% DEPRECIATION 321,788.79 328,732.65 1,608,943.95 1,643,663.25 2.16% VOLUNTARY PAYMENTS TO TOWNS 118,000.00 118,000.00 590,000.00 590,000.00 0.00% TOTAL OPERATING EXPENSES 6,157,590.79 6,207,587.42 33,648,240.22 36,201,915.26 7.59% OPERATING INCOME 294,585.66 265,962.38 3,987,406.71 2,485,935.18 -37.66% ?ERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 4,642,00 2,284.29 5,037.20 38,903.13 672.32% RETURN ON INVESTMENT TO READING (194,405.25) (197,537.08) (972,026.25) (987,685.40)1 1.61% INTEREST INCOME 21,870.58 12,702.04 57,364.62 54,975.02 -4.17% INTEREST EXPENSE (253.44) (178.22) (1,292.90) (897.57)', -30.58% OTHER (MDSE AND AMORT) 1,989.00 3,740.83 97,222.03 145,690.60 49.85% TOTAL NONOPERATING REV (EXP) (166,157.11) (178,988.14) (813,695.30) (749,014.22) -7.95% CHANGE IN NET ASSETS 128,428.55 86,974.24 3,173,711.41 1,736,920.96 -45.27% NET ASSETS AT BEGINNING OF YEAR 101,873,334.16 101,445,083.23 -0.42% NET ASSETS AT END OF NOVEMBER 105,047,045.57 103,182,004.19 -1.78$ (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 11/30/15 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 NOVEMBER * ( ) = ACTUAL UNDER BUDGET ACTUAL BUDGET (97,715.13) YEAR TO DATE YEAR TO DATE VARIANCE* 10,475,213.37 10,217,506.00 257,707.37 14,799,276.86 14,741,835.00 57,441.86 13,222,143.48 13,420,010.00 (197,666.52) 319,635.30 306,526.00 13,109.30 301,351.43 300,283.00 1,068.43 (429,770.00) (375,000.00) (54,770.00) 38,687,850.44 38,611,160.00 76,690.44 7,618,471.87 7,716,187.00 (97,715.13) 5,857,669.10 5,703,823.00 153,846.10 15,098,143.47 14,366,835.00 731,308.47 4,185,225.35 4,548,198.00 (362,972.65) 1,208,742.22 1,561,556.00 (352,813.78) 1,643,663.25 1,659,650.00 (15,986.75) 590,000_00 590,000.00 0.00 36,201,915.26 36,146,249.00 55,666.26 2,485,935.18 2,464,911.00 21,024.18 38,903.13 100,000.00 (61,096.87) (987,685.40) (987,500.00) (185.40) 54,975.02 62,500.00 (7,524.98) (897.57) (875.00) (22.57) 145,690.60 150,000.00 (4,309.40) (749,014.22) (675,875.00) (73,139.22) 1,736,920.96 1,789,036.00 (52,115.04) 101,445,083.23 101,445,083.23 0.00 103,182,004.19 103,234,119.23 (52,115.04) (3A) CHANGE 2.52% 0.39% -1.47% 4.28% 0.36% 14.61% 0.20% -1.27% 2.70% 5.09% -7.98% ,22.59% -0.96% 0.00% 0.15% 0.85% 61.10% 0.02% 12.04% 2.58% -2.87% 10.82% -2.91% 0.00% -0.05% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 11/30/15 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/15 5,434,307.79 CONSTRUCTION FUND BALANCE 7/1/15 1,400,000.00 INTEREST ON DEPRECIATION FUND FY 16 10,647.48 DEPRECIATION TRANSFER FY 16 1,643,663.25 TOTAL SOURCE OF CAPITAL FUNDS 8,488,618.52 USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU NOVEMBER TOTAL USE OF CAPITAL FUNDS 1,979,645.37 GENERAL LEDGER CAPITAL FUNDS BALANCE 11/30/15 6,508,973.15 (4) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 11/30/15 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SAFES 17,735,079 17,009,576 111,701,125 115,575,544 3'',.47% COMM. AND INDUSTRIAL SALES 33,862,966 32,102,880 178,764,324 179,106,929 0.19% PRIVATE STREET LIGHTING 77,940 79,418 393,790 397,360 0',.91% TOTAL PRIVATE CONSUMERS 51,675,985 49,191,874 290,859,239 295,079,833 1,.45% MUNICIPAL SALES: STREET LIGHTING 242,669 222,241 1,214,376 1,159,623 -4,.51% MUNICIPAL BUILDINGS 828,513 752,346 3,963,398 3,870,941 -2,.33% TOTAL MUNICIPAL CONSUMERS 1,071,182 974,587 5,177,774 5,030,564 -2,.84% SALES FOR RESALE 229,361 203,175 1,550,962 1,522,735 -1.82% SCHOOL 1,439,816 1,259,857 5,952,876 5,851,984 -1.69% TOTAL KILOWATT HOURS SOLD 54,416,344 51,629,493 303,540,851 307,485,116 1''.30% (5) (W 5,453,682 MONTH 4,028,574 5;128,020 RESIDENTIAL 3,908,805 COMM & IND 5,052,250 PVT ST LIGHTS 79,418 PUB ST LIGHTS 1,506 MUNI BLDGS 39,683 SALES/RESALE 75,000 SCHOOL 39,629 TOTAL YEAR TO DATE 191,188 174,142 RESIDENTIAL ,251,502 COMM & IND 203,175 PVT ST LIGHTS 0 PUB ST LIGHTS 1,259,857 MUNI BLDGS 278,999 SALES/RESALE ,296,612 SCHOOL 10,296,554 TOTAL LAST YEAR 281692 269 TO DATE 36,576,940 16,714,252 RESIDENTIAL 35 211,088 COMM & IND 21,069,942 PVT ST LIGHTS 27,254,039 PUB ST LIGHTS 397,360 MUNI BLDGS lkw SALES/RESALE 1198,575 SCHOOL 391,044 TOTAL KILOWATT HOURS SOLD TO TOTAL MONTH 827,948 877,996 RESIDENTIAL 1131,408 COMM & IND 1,522,735 PVT ST LIGHTS 0 PUB ST LIGHTS 5,851,984 MUNI BLDGS 1,222,269 SALES/RESALE 1^332,907 SCHOOL 62,477,527 TOTAL YEAR TO DATE 167 988,251 111,701,125 RESIDENTIAL 16,171,000 COMM & IND 34;686,320 PVT ST LIGHTS 21,896,647 PUB ST LIGHTS 27,856,439 MUNI BLDGS 393,790 SALES/RESALE 7,620 SCHOOL 195,430 TOTAL LAST YEAR 163,987 TO DATE 1428,896 3,963,398 RESIDENTIAL 853,184 COMM & IND 1430,415 PVT ST LIGHTS 1,550,962 PUB ST LIGHTS 0 MUNI BLDGS 5,952,876 SALES/RESALE 1,266,765 SCHOOL 1;697,540 TOTAL TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 11/30/15 TOTAL READING LYNNFIELD NO.READING WILMINGTON 17,009,576 5,453,682 2,399,300 4,028,574 5;128,020 32,102,880 3,908,805 244,195 5,052,250 22;897,630 79,418 13,418 1,506 24,811 39,683 222,241 75,000 28,790 39,629 78,822 752,346 191,188 174,142 135,514 ,251,502 203,175 203,175 0 0 0 1,259,857 451,286 278,999 232,960 ,296,612 51,629,493 10,296,554 3,126,932 9,513,738 281692 269 115,575,544 36,576,940 16,714,252 27,073,264 35 211,088 179,106,929 21,069,942 1,378,622 27,254,039 129 404,326 397,360 67,090 7,482 124,213 1198,575 1,159,623 391,044 154,505 204,127 409,947 3,870,941 827,948 877,996 733,589 1131,408 1,522,735 1,522,735 0 0 0 5,851,984 2,021,828 1,222,269 1,274,980 1^332,907 307,485,116 62,477,527 20,355,126 56,664,212 167 988,251 111,701,125 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 1428,896 3,963,398 925,019 853,184 754,780 1430,415 1,550,962 1,550,962 0 0 i 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 TOTAL READING LYNNFIELD NO.READING WILMINGTON 32.95% 10.56% 4.65% 7.80% 9.94% 62.18% 7.57% 0.47% 9.79% 44.35% 0.15% 0.03% 0.00% 0.05% 0.07% 0.43% 0.15% 0.06% 0.08% 0.14% 1.46% 0.37% 0.34% 0.26% 0.49% 0.39% 0.39% 0.00% 0.00% 0.00% 2.44% 0.87% 0.54% 0.45% 0.58% 100.00% 19.94% 6.06% 18.43% 55.57% 37.59% 11.90% 5.44% 8.80% 11.45% 58.24% 6.85% 0.45% 8.86% 42.08% 0.13% 0.02% 0.00% 0.04% 0.07% 0.38% 0.13% 0.05% 0.07% 0.13% 1.26% 0.27% 0.29% 0.24% 0.46% 0.50% 0.50% 0.00% 0.00% 0.00% 1.90% 0.66% 0.40% 0.41% 0.43% 100.00% 20.33% 6.63% 18.92% 54.62% 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% (6) 21 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 11/30/15 TOTAL OPERATING REVENUES (P.3) ADD: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS LESS: OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 38,687,850.44 0.00 2,171.14 (36,201,915.26) (897.57) 2,487,208.75 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 11/30/15 s MONTH OF MONTH OF % CHANGE YEAR THRU NOV 2014 NOV 2015 2014 2015 NOV 2014 NOV 2015 SALE OF KWH (P.5) 54,416,344 51,629,493 -2.39% 1.30% 303,540,851 $07,485,116 KWH PURCHASED 54,494,499 53,541,382 -3.12% 4.10% 251,090,338 261,382,438 AVE BASE COST PER KWH 0.026120 0.029071 -42.93% 28.76% 0.022636 0.029147 AVE BASE SALE PER KWH 0.030382 0.033955 -52.40% 10.23% 0.030906 0.034067 AVE COST PER KWH 0.069803 0.075568 -16.24% 32.77% 0.065457 0.086909 AVE SALE PER KWH 0.074882 0.083368 -25.79% 1.38% 0.081080 0.082197 FUEL CHARGE REVENUE (P.3) 2,418,013.33 2,551,186.05 10.49% -2.83% 15,229,940.94 14799,276.86 LOAD FACTOR 74.52% 73.48% PEAK LOAD 99,937 99,819 *4 (8) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 11/30/15 UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND CASH - TOWN PAYMENT CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - UNCOLLECTIBLE ACCTS RESERVE CASH - SICK LEAVE BENEFITS CASH - HAZARD WASTE RESERVE CASH - CUSTOMER DEPOSITS CASH - ENERGY CONSERVATION TOTAL RESTRICTED CASH INVESTMENTS SICK LEAVE BUYBACK TOTAL CASH BALANCE (9) PREVIOUS YEAR 10,197,816.12 3,000.00 10,200,816.12 5,560,253.19 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 SCHEDULE A CURRENT YEAR 13,675,729.91 3,000.00 13,678,729.91 6,508,973.15 1,577,685.00 4,451,648.54 6,792,422.72 200,000.00 1,798,459.74 150,000.00 903,399.18 730,683.23 23,113,271.56 1,284,061.45 38,076,062.92 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 11/30/15 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 OTHER DEFERRED DEBITS ACCOUNTS RECEIVABLE AGING NOVEMBER 2015: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL (10) PREVIOUS YEAR 4,224,757.80 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 0.00 2,403,572.95 (139,155.28) 2,264,417.67 SCHEDULE B CURRENT YEAR 2,403,572.95 253,758.60 11,656.65 543.5'3 (139,155.26) (241,886.61) 2,288,489.84 5,166,349.9$ 7,454,839.7 441,174.60 570,876.33 307,572.5b 276,520.74 14,870.0 1,611,014.3,E 1,547,815.00 1,790,730.57 79.09% 303,310.65 13.39% 103,949.45 4.59% 17,880.03 0.79% 48,546.97 2.14% 2,264,417.67 100.00% (W SALES OF ELECTRICITY: RESIDENTIAL SALES COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING TOTAL PRIVATE CONSUMERS MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS TOTAL MUNICIPAL CONSUMERS SALES FOR RESALE SCHOOL SUB -TOTAL FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL NYPA CREDIT TOTAL REVENUE TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 11/30/15 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 1,609,139.07 1,708,738.93 10,671,029.93 11,264,891.55 5.57% 2,241,917.00 2,378,338.54 12,837,831.03 12,971,889.82 1.04% 8,948.29 10,090.12 47,068.00 49,868.61 Ili 5.95% 3,860,004.36 4,097,167.59 23,555,928.96 24,286,649.98 3.10% 29,860.45 27,351.87 149,302.25 76,575.63 -48.71% 61,810.23 63,575.21 314,669.66 314,992.99 0.10% 91,670.68 90,927.08 463,971.91 391,568.62 -15.61% 18,322.30 16,308.83 133,044.75 130,306.88 1 -2.06% 101,285.00 99,868.70 458,291.53 465,964.75 1.67% 4,071,282.34 4,304,272.20 24,611,237.15 25,274,490.23 2.69% 41,756.80 57,834.38 322,366.95 319,635.30 -0.85% 2,353,985.58 2,148,318.84 12,705,459.98 13,222,143.48 4.07 17,747.98 17,021.95 111,743.90 115,630.57 3.48% 35,502.64 33,527.83 185,102.28 185,720.86 0.33% (68,098.89) (87,425.40) (300,263.33) (429,770.00) 43.13% 37,635,646.93 2.80% 6,452,176.45 6,473,549.80 38,687,850.44 l TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 11/30/15 TOTAL READING LYNNFIELD MONTH NO. READ ING WILMINGTON RESIDENTIAL 1,708,738.93 551,938.64 238,574.29 403,090.43 51 ,135.57 INDUS/MUNI BLDG 2,441,913.75 339,858.14 36,532.55 398,446.14 1,661,076.92 PUB.ST.LIGHTS 27,351.87 9,209.94 3,535.39 4,896.85 ,709.69 PRV.ST.LIGHTS 10,090.12 1,658.60 201.15 3,299.41 1,930.96 CO-OP RESALE 16,308.83 16,308.83 0.00 0.00 i 0.00 SCHOOL 99,868.70 35,624.59 21,173.46 20,209.03 2,861.62 TOTAL 4,304,272.20 954,598.79 300,016.84 829,941.86 2,21 ,714.76 THIS YEAR TO DATE RESIDENTIAL 11,264,891.55 3,587,632.83 1,615,848.06 2,630,969.87 3,430,440.79 INDUS/MUNI BLDG 13,286,882.81 1,777,962.24 190,629.29 2,117,561.61 9,200,729.67 PUB.ST.LIGHTS 76,575.63 25,722.33 10,101.59 13,616.35 271,135.36 PRV.ST.LIGHTS 49,868.61 8,191.94 968.24 16,304.77 24,403.66 CO-OP RESALE 130,306.88 130,306.88 0.00 0.00 0.00 SCHOOL 465,964.75 161,665.52 95,219.86 105,629.26 10 ,450.11 TOTAL 25,274,490.23 5,691,481.74 1,912,767.02 4,884,081.87 12,78 159.60 LAST YEAR TO DATE RESIDENTIAL 10,671,029.93 3,342,401.00 1,535,016.73 2,475,360.43 3,31 ,251.77 INDUS/MUNI BLDG 13,152,500.69 1,818,812.57 181,676.81 2,146,241.29 9,00 ,770.02 PUB.ST.LIGHTS 149,302.25 50,071.15 20,120.40 26,335.25 5 ,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 1 0.00 SCHOOL 458,291.53 162,483.22 96,902.76 70,253.08 120,652.47 TOTAL 24,611,237.15 5,514,655.37 1,834,642.50 4,733,532.17 12,52g,407.11_ PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 42.96% 12.82% 5.54% 9.36% 11.97% INDUS/MUNI BLDG 56.73% 7.90% 0.85% 9.26% 38.73% PUB.ST.LIGHTS 0.64% 0.21% 0.08% 0.11% 0.23% PRV.ST.LIGHTS 0.23% 0.04% 0.00% 0.08% 0.11% CO-OP RESALE 0.38% 0.38% 0.00% 0.00% 0.00% SCHOOL 2.10% 0.83% 0.49% 0.47% 0.46% TOTAL 100.00% 23.68% 6.55% 19.28% 49.85% THIS YEAR TO DATE RESIDENTIAL 44.57% 14.19% 6.39% 10.41% 13.57% INDUS/MUNI BLDG 52.57% 7.03% 0.75% 8.38% 36.40% PUB.ST.LIGHTS 0.30% 0.10% 0.04% 0.05% 0.11% PRV.ST.LIGHTS 0.19% 0.03% 0.00% 0.06% 0.10% CO-OP RESALE 0.52% 0.52% 0.00% 0.00% 0.00% SCHOOL 1.82% 0.64% 0.38% 0.42% 0.39% TOTAL 100.00% 22.52% 7.68% 19.32% 50.57% LAST YEAR TO DATE RESIDENTIAL 43.36% 13.58% 6.24% 10.06% 13.48% INDUS/MUNI BLDG 53.46% 7.39% 0.74% 8.72% 36.61% PUB.ST.LIGHTS 0.60% 0.20% 0.08% 0.11% 0.21% PRV.ST.LIGHTS 0.18% 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% 22.40% 7.45% 19.24% 50.91% (11A) TOWN OF READING, MASSACHUSETTS (11 B) MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 11/30/15 (W SCHEDULE F ACTUAL BUDGET YEAR TO DATE YEAR TO DATE VARIANCE * ORANGE SALES OF ELECTRICITY: RESIDENTIAL 5,679,180.06 5,566,591.00 112,589.06 ii2.02% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 4,479,743.79 4,265,472.00 214,271.79 15.02% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 76,575.63 157,888.00 (81,312.37) -$,1.50% SALES FOR RESALE 57,291.58 56,410.00 881.58 ,1.56% SCHOOL 182,422.31 171,145.00 11,277.31 16.59% TOTAL BASE SALES 10,475,213.37 10,217,506.00 257,707.37 ,2.52% TOTAL FUEL SALES 14,799,276.86 14,741,835.00 57,441.86 ,0.39% TOTAL OPERATING REVENUE 25,274,490.23 24,959,341.00 315,149.23 11.26% FORFEITED DISCOUNTS 319,635.30 306,526.00 13,109.30 4.28% PURCHASED POWER CAPACITY 13,222,143.48 13,420,010.00 (197,866.52) -,1.47% ENERGY CONSERVATION - RESIDENTIAL 115,630.57 114,636.00 994.57 10.87% ENERGY CONSERVATION - COMMERCIAL 185,720.86 185,647.00 73.86 ,0.04% NYPA CREDIT (429,770.00) (375,000.00) (54,770.00) 14.61% TOTAL OPERATING REVENUES 38,687,850.44 38,611,160.00 76,690.44 10.20% * ( ) = ACTUAL UNDER BUDGET (11 B) TOWN OF READING, MASSACHUSETTS PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 2,374,999.11 118,000.00 2,489,548.12 118,000.00 13,079,952.84 590,000.00 15,098,143.47 590,000.00, 1 TOTAL OPERATING EXPENSES 6,157,590.79 6,207,587.42 33,648,240.22 36,201,915 26 (12) YTD % CHANGE 10.18% 3.77% 0.14 -0.75% -7.96% 5.598 -16.34% 20.49% 23.14% 2.23% 65.63% -9.71% 0.008 38.038 1.46% -8.868 -16.45% 4.62% -2.67% -12.53% 8.29% 2.74% -15.298 -0.01% -45.23% -11.05% -24.04% 51.55% 194.24% 13.44% 0.00% -49.60% -15.09% 2.16% 15.43% 0.00% 7.59% MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 11/30/15 (W SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE PURCHASED POWER CAPACITY 1,420,085.36 1,556,484.47 6,914,503.39 7,618,471.871, PURCHASED POWER TRANSMISSION 719,062.29 806,354.28 5,644,927.31 5,857,669.10i TOTAL PURCHASED POWER 2,139,147.65 2,362,838.75 12,559,430.70 13,476,140.97, OPERATION SUP AND ENGINEERING EXP 40,918.14 42,900.84 223,285.37 221,618.40' STATION SUP LABOR AND MISC 12,144.72 12,452.40 66,306.26 61,030.43''. LINE MISC LABOR AND EXPENSE 67,916.24 62,349.86 290,282.40 306,507.101 STATION LABOR AND EXPENSE 41,127.47 30,028.90 194,986.31 163,116.661 STREET LIGHTING EXPENSE 11,849.03 10,759.04 38,382.20 46,245.461 METER EXPENSE 14,054.65 18,041.00 73,231.80 90,174.171 MISC DISTRIBUTION EXPENSE 34,971.74 31,494.31 175,799.94 179,718.501 METER READING LABOR & EXPENSE 1,070.03 1,046.21 7,568.66 12,535.86!, ACCT & COLL LABOR & EXPENSE 135,599.59 126,190.27 740,092.25 668,205.881 UNCOLLECTIBLE ACCOUNTS 10,000.00 10,000.00 50,000.00 50,000.001 ENERGY AUDIT EXPENSE 30,841.27 47,185.30 168,184.55 232,149.261 ADMIN & GEN SALARIES 74,563.23 72,476.27 351,824.36 356,960.001 OFFICE SUPPLIES & EXPENSE 27,039.14 10,883.75 122,489.31 111,631.941 1 OUTSIDE SERVICES 69,317.96 41,607.44 190,950.48 159,544.941, PROPERTY INSURANCE 29,863.73 31,242.39 149,318.65 156,211.95'1 INJURIES AND DAMAGES 4,837.43 2,986.02 19,190.28 18,678.49 EMPLOYEES PENSIONS & BENEFITS 224,289.28 142,683.08 1,214,632.95 1,062,397.32', MISC GENERAL EXPENSE 11,555.12 16,270.47 56,912.57 61,631.591 RENT EXPENSE 13,834.40 13,816.91 69,684.68 71,593.24'1 ENERGY CONSERVATION 39,131.23 21,621.51 183,309.09 155,274.16, TOTAL OPERATION EXPENSES 894,924.40 746,035.97 4,386,432.11 4,185 225.3511 �eNTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.10 227.08 1,135.50 1,135.40'' MAINT OF STRUCT AND EQUIPMT 66,218.79 30,059.78 265,485.45 145,412.4911 MAINT OF LINES - OH 170,247.91 74,849.27 757,083.86 673,443.801, MAINT OF LINES - UG 17,327.00 1,124.29 65,400.30 49,675.761, MAINT OF LINE TRANSFORMERS 6,947.11 11,598.86 52,731.66 79,916.661, MAINT OF ST LT & SIG SYSTEM (34.91) (60.03) (103.36) (304.13 MAINT OF GARAGE AND STOCKROOM 40,114.73 32,573.78 186,324.90 211,366.38, MAINT OF METERS 0.00 0.00 0.00 0.00, MAINT OF GEN PLANT 7,683.11 12,058.90 95,422.31 48,095.86' TOTAL MAINTENANCE EXPENSES 308,730.84 162,431.93 1,423,480.62 1,208,742.221 DEPRECIATION EXPENSE 321,788.79 328,732.65 1,608,943.95 1,643,663.25' PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 2,374,999.11 118,000.00 2,489,548.12 118,000.00 13,079,952.84 590,000.00 15,098,143.47 590,000.00, 1 TOTAL OPERATING EXPENSES 6,157,590.79 6,207,587.42 33,648,240.22 36,201,915 26 (12) YTD % CHANGE 10.18% 3.77% 0.14 -0.75% -7.96% 5.598 -16.34% 20.49% 23.14% 2.23% 65.63% -9.71% 0.008 38.038 1.46% -8.868 -16.45% 4.62% -2.67% -12.53% 8.29% 2.74% -15.298 -0.01% -45.23% -11.05% -24.04% 51.55% 194.24% 13.44% 0.00% -49.60% -15.09% 2.16% 15.43% 0.00% 7.59% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/15 ���>f8 �Nl9if \itil4!$�F:� liHZ��M4 (12A) SCHEDULE G ACTUAL BUDGET OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER CAPACITY 7,618,471.87 7,716,187.00 (97,715.13) -1.27% PURCHASED POWER TRANSMISSION 5,857,669.10 5,703,823.00 153,846.10 2.70% TOTAL PURCHASED POWER 13,476,140.97 13,420,010.00 56,130.97 p.42% OPERATION SUP AND ENGINEERING EXP 221,618.40 256,450.00 (34,831.60) -13.58% STATION SUP LABOR AND MISC 61,030.43 33,788.00 27,242.43 8,10.63% LINE MISC LABOR AND EXPENSE 306,507.10 269,468.00 37,039.10 13.75% STATION LABOR AND EXPENSE 163,116.66 181,054.00 (17,937.34) -9.91% STREET LIGHTING EXPENSE 46,245.46 38,442.00 7,803.46 20.30% METER EXPENSE 90,174.17 86,877.00 3,297.17 3.80% MISC DISTRIBUTION EXPENSE 179,718.50 186,455.00 (6,736.50) -3.61% METER READING LABOR & EXPENSE 12,535.86 13,466.00 (930.14) -16.91% ACCT & COLL LABOR & EXPENSE 668,205.88 685,562.00 (17,356.12) -2.53% UNCOLLECTIBLE ACCOUNTS 50,000.00 50,000.00 0.00 p.00% ENERGY AUDIT EXPENSE 232,149.26 195,228.00 36,921.26 ADMIN & GEN SALARIES 356,960.00 337,586.00 19,374.00 1.91% .74% OFFICE SUPPLIES & EXPENSE 111,631.94 125,500.00 (13,868.06) -4.05% OUTSIDE SERVICES 159,544.94 178,722.00 (19,177.06) -1p.73% PROPERTY INSURANCE 156,211.95 194,250.00 (38,038.05) -19.58% INJURIES AND DAMAGES 18,678.49 21,705.00 (3,026.51)-1'.94% EMPLOYEES PENSIONS & BENEFITS 1,062,397.32 1,138,840.00 (76,442.68) -6.71% MISC GENERAL EXPENSE 61,631.59 128,744.00 (67,112.41) -52.13% RENT EXPENSE 71,593.24 88,335.00 (16,741.76) -18.95% ENERGY CONSERVATION 155,274.16 337,726.00 (182,451.84) -514.02% TOTAL OPERATION EXPENSES 4,185,225.35 4,548,198.00 (362,972.65) -7.98% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 1,135.40 1,250.00 (114.60) -9.17% MAINT OF STRUCT AND EQUIPMENT 145,412.49 153,820.00 (8,407.51) -P.47% MAINT OF LINES - OH 673,443.80 808,779.00 (135,335.20) -1!6.73% MAINT OF LINES - UG 49,675.76 82,099.00 (32,423.24) -319.49% MAINT OF LINE TRANSFORMERS 79,916.66 150,000.00 (70,083.34) 46.72% MAINT OF ST LT & SIG SYSTEM (304.13) 4,126.00 (4,430.13) -107.37% MAINT OF GARAGE AND STOCKROOM 211,366.38 261,412.00 (50,045.62) -119.14% MAINT OF METERS 0.00 25,820.00 (25,820.00) -1010.00% MAINT OF GEN PLANT 48,095.86 74,250.00 (26,154.14) -315.22% TOTAL MAINTENANCE EXPENSES 1,208,742.22 1,561,556.00 (352,813.78) -22.59% DEPRECIATION EXPENSE 1,643,663.25 1,659,650.00 (15,986.75) -10.96% PURCHASED POWER FUEL EXPENSE 15,098,143.47 14,366,835.00 731,308.47 5.09% VOLUNTARY PAYMENTS TO TOWNS 590,000.00 590,000.00 0.00 0.00% TOTAL OPERATING EXPENSES 36,201,915.26 36,146,249.00 0.15% 55,666.26 ���>f8 �Nl9if \itil4!$�F:� liHZ��M4 (12A) OPERATION EXPENSES: PURCHASED POWER CAPACITY PURCHASED POWER TRANSMISSION TOTAL PURCHASED POWER OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION OTAL 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 & 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 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/15 RESPONSIBLE REMAINING SENIOR 2016 ACTUAL BUDGET MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE JP 17,095,785.00 7,618,471.87 9,477,313.13 JP 12,600,639.00 5,857,669.10 6,742,969.90 29,696,424.00 13,476,140.97 16,220,283.03 HJ 629,691.00 221,618.40 408,072.60 HJ 84,858.00 61,030.43 23,827.57 HJ 666,641.00 306,507.10 360,133.90 HJ 448,347.00 163,116.66 285,230.34 HJ 93,347.00 46,245.46 47,101.54 HJ 233,648.00 90,174.17 143,473.83 HJ 457,068.00 179,718.50 277,349.50 HJ 32,578.00 12,535.86 20,042.14 RF 1,693,219.00 668,205.88 1,025 ' 013.12 JP 120,000.00 50,000.00 70,000.00 JP 482,273.00 232,149.26 250,123.74 CO 838,461.00 356,960.00 481,501.00 CO 301,000.00 111,631.94 189,368.06 CO 377,332.00 159,544.94 217,787.06 HJ 466,200.00 156,211.95 309,988.05 HJ 51,254.00 18,678.49 32,575.51 HJ 2,633,591.00 1,062,397.32 1,571,193.68 CO 231,022.00 61,631.59 169,390.41 HJ 212,000.00 71,593.24 140,406.76 JP 816,602.00 155,274.16 661,327.84 10,869,132.00 4,185,225.35 6,683,906.65 HJ 3,000.00 1,135.40 1,864.60 HJ 484,026.00 145,412.49 338,613.51 HJ 1,675,794.00 673,443.80 1,002,350.20 HJ 130,694.00 49,675.76 81,018.24 HJ 156,000.00 79,916.66 76,083.34 HJ 9,745.00 (304.13) 10,049.13 HJ 660,131.00 211,366.38 448,764.62 HJ 43,875.00 0.00 43,875.00 RF 178,200.00 48,095.86 130,104.14 3,341,465.00 1,208,742.22 2,132,722.78 RF 3,983,145.00 1,643,663.25 2,339,481.75 JP 34,326,329.00 15,098,143.47 19,228,185.53 RF 1,416,000.00 590,000.00 826,000.00 83,632,495.00 36,201,915.26 47,430,579.74 (126) REMAINING BUDGET % 55.44% 53.51% 54.62% 64.81% 28.08% 54.02% 63.62% 50.46% 61.41% 60.68% 61.52% 60.54% 58.33% 51.86% 57.43% 62.91% 57.72% 66.49% 63.56% 59.66% 73.32% 66.23% 80.99% 61.49% 62.15% 69.96% 59.81% 61.99% 48.77% 103.12% 67.98% 100.00% 73.01% 63.83% 58.73% 56.02% 58.33% 56.71% PROFESSIONAL SERVICES BY VENDOR MELANSON HEATH TOWN OF READING, MASSACHUSETTS DUNCAN AND ALLEN CHOATE HALL & STEWART COTTE MANAGEMENT CONSULTING LLC MUNICIPAL LIGHT DEPARTMENT UTILITY SERVICE INC. RUBIN AND RUDMAN SMERCZYNSKI & CONN, PC PROFESSIONAL SERVICES PLM ELECTRIC POWER ENGINEERING FLEET COUNSELOR SERVICES INC. TOTAL 11/30/2015 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 28,895.25 35,000.00 (6,104.75) 2 LEGAL-FERC/ISO/POWER/OTHER INTEGRATED RESOURCES 43,922.44 57,625.00 (13,702.56) 3 NERC COMPLIANCE AND AUDIT E & 0 18,725.85 6,625.00 ]2,100.85 4 LEGAL- SOLAR/FIBER ENGINEERING 9,616.00 4,165.00 5,451.00 5 LEGAL -GENERAL GM 27,419.40 31,250.00(3,830.60) 6 LEGAL SERVICES HR 20,366.00 28,642.00 118,276.00) 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL BLDG. MAINT. 0.00 4,165.00 4,165.00) 8 INSURANCE CONSULTANT/OTHER GEN. BENEFIT 10,600.00 11,250.00 (650.00) TOTAL 159,544.94 178,722.00 (J9,177.06) PROFESSIONAL SERVICES BY VENDOR so ACTUAL 28,500.00 25,232.62 501.60 633.75 5,950.00 66,960.97 11,550.00 9,616.00 10,600.00 MELANSON HEATH DUNCAN AND ALLEN CHOATE HALL & STEWART COTTE MANAGEMENT CONSULTING LLC UTILITY SERVICE INC. RUBIN AND RUDMAN SMERCZYNSKI & CONN, PC PLM ELECTRIC POWER ENGINEERING FLEET COUNSELOR SERVICES INC. TOTAL so ACTUAL 28,500.00 25,232.62 501.60 633.75 5,950.00 66,960.97 11,550.00 9,616.00 10,600.00 ol RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 11/30/15 GROSS DATE CHARGES REVENUES NYPA CREDIT Jun -15 TOTAL DEFERRED DEFERRED Jul -15 3,492,949.80 3,083,024.15 (65,798.90) Aug -15 3,269,589.09 3,172,916.67 (70,099.15) Sep -15 3,302,139.93 3,385,022.47 (100,901.03) Oct -15 2,543,916.53 2,607,127.52 (105,545.52) Nov -15 2,489,548.12 2,551,186.05 (87,425.40) MONTHLY TOTAL DEFERRED DEFERRED 5,180111,285.15 (475,724.55) 4,704I,560.60 (166,771.57) 4,5371,789.03 (18,018.49) 4,5191,770.54 (42,334.53) 4,471„436.01 (25,787.47) 4,451'„648.54 15 098,143.47 14 799,276.86 (429 770.00) (728,636.61) (14) DIVISION BUSINESS DIVISION INTEGRATED RESOURCES ENGINEERING AND OPERATIONS FACILITY GENERAL MANAGER SUB -TOTAL RMLD BUDGET / ACTUAL COMPARISON SUMMARY SCHEDULE 11/30/15 ACTUAL BUDGET VARIANCE 4,140,195 4,214,612 (74,417) 431,346 590,580 (159,234) 1,973,258 2,208,802 (235,545) 1,766,583 1,971,427 (204,845) 304,832 362,357 (57,524) 8,616,213 9,347,778 (731,565) VAR % -1.77% I-26.96% 10.66% -10.39% -15.88% -7.83% PURCHASED POWER BASE 13,476,141 13,420,010 56,131 0.42% PURCHASED POWER FUEL 15,098,143 14,366,835 731,308 5.09% TOTAL 37,190,498 37,134,623 55,875 0.15% In Dt: January 26, 2016 To: RMLB, Coleen O'Brien, Jeanne Foti Fr: Bob Fournier /,,-//6 a( Sj: December 31, 2015 Report The results for the first six months ending December 31, 2015, for the fiscal year 2016 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 $648,954 thereby reducing the year to date net income to $1,087,966. The year to date budgeted net income was $1,807,087, resulting in net income being under budget by $719,120 or 39.79%. Actual year to date fuel expenses exceeded fuel revenues by $750,115 and purchased power capacity and transmission (ppct) expenses exceeded ppct revenues by $782,710. 2) Revenues: (Page 3A) *Year to date base revenues exceeded the budget amount by $214,773 or 1.79%. Actual base revenues were $12.2 million compared to the budgeted amount of $12.0 million. 3) Expenses: (Page 12A) *Year to date purchased power base expense was over budget by $378,335 or 2.39%. Actual purchased power base costs were $16.2 million and budgeted power base costs were $15.8 million. *Year to date operating and maintenance (O&M) expenses combined were under budget by $622,048 or 8.4%. Actual O&M expenses were $6.7 million while budgeted expenses were at $7.3 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $11,355,085. * Capital Fund balance was at $6,426,278. * Rate Stabilization Fund was at $6,796,669. * Deferred Fuel Fund was at $4,430,170. * Energy Conservation Fund was at $730,732. 5) General Information: *Year to date kwh sales (Page 5) were 358,836,960 which is 2.0 million kwh or .56%, ahead last year's actual figure. 6) Budget Variance: *Cumulatively, the five divisions were under budget by $651,997 or 5.78% FINANCIAL REPORT DECEMBER 315 2015 �, ISSUE DATE: JANUARY 26, 2016 ASSETS CURRENT UNRESTRICTED CASH RESTRICTED CASH RESTRICTED INVESTMENTS RECEIVABLES, NET PREPAID EXPENSES OTHER DEFERRED DEBITS 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 12/31/15 PREVIOUS YEAR CURRENT YEAR, (SCH A P.9) 10,584,094.96 11, 358,085.17 21,442,729.'8 (SCH A P.9) 21,613,150.32 5,725,254.05 835,189.91 (SCH A P.9) 1,292,906.26 1,284,061.15 (SCH B P.10) 8,379,329.54 7,501,623 2 (SCH B P.10) 2,111,849.72 2,750,539. 6 (SCH B P.10) 0.00 1,547,815.00 1,429,545.03 1,674,959.94 (SCH C P.2) (SCH C P.2) 45,410,875.83 47,559,813.0.2 26,993.75 69,697,352.11 69,724,345.86 115,135,221.69 26,993.45 70,337,3082 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 69,697,352.11 70,337,308.32 5,638,141.20 6,426,278,58 29,590,357.93 25,769,463.05 104,925,851.24 102 533 049.95 115,135,221.69 117,924,1151.19 LIABILITIES CURRENT ACCOUNTS PAYABLE 5,725,254.05 835,189.91 7,304,330.151 903,279.18 CUSTOMER DEPOSITS 565,058.48 938,349.15 CUSTOMER ADVANCES FOR CONSTRUCTION 164,997.28 3,174,618.47 ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES 7,290,499.72 12,320,577.31 NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,918,870.73 3,070,487{93 TOTAL NONCURRENT LIABILITIES 2,918,870.73 3,070,487 93 10,209,370.45 15,391,065 24 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 69,697,352.11 70,337,308.32 5,638,141.20 6,426,278,58 29,590,357.93 25,769,463.05 104,925,851.24 102 533 049.95 115,135,221.69 117,924,1151.19 D TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 12/31/15 PREVIOUS YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 2,975.74 NEW ENGLAND HYDRO TRANSMISSION 24,018.01 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 26,993.75 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 STRUCTURES AND IMPROVEMENTS 6,108,069.51 EQUIPMENT AND FURNISHINGS 12,418,272.32 INFRASTRUCTURE 49,905,168.05 TOTAL CAPITAL ASSETS, NET 69,697,352.11 TOTAL NONCURRENT ASSETS 69,724,345.86 (2) SCHEDULE C CURRENT YEAR 2,75.74 24, 18.01 1, 265,$42.23 6,481,120.15 11899,31.47 50.690.14.47 70 , 364,02.07 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/15 OPERATING REVENUES: (SCH D P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION 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 NOPERATING 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 MONTH LAST YEAR LAST YEAR CURRENT YEAR TO DATE 1,688,491.45 1,759,727.09 11,069,787.66 2,662,761.53 2,826,699.78 17,892,702.47 2,332,107.41 2,200,292.86 15,037,567.39 69,156.18 86,146.38 391,523.13 52,180.89 50,272.62 349,027.07 (81,999.49) (91,032.01) (382,262.82) 6,722,697.97 6,832,106.72 44,358,344.90 1,414,428.94 1,773,743.78 8,328,932.33 814,302.36 955,262.13 6,459,229.67 2,754,212.60 2,757,146.26 15,834,165.44 1,034,196.71 1,090,311.58 5,420,628.82 288,553.09 287,885.24 1,712,033.71 321,788.79 328,732.65 1,930,732.74 108,754.00 106.973.00 698,754.00 6,736,236.49 7,300,054.64 40,384,476.71 CURRENT YEAR YTD 8 TO DATE CHANGE 12,234 ' 940.46 10.53% 17,625,976.64 -1.498 15,422,436.34 2.568 405,781.681 3.648 351,624.051 0.749 (520,802.01) 36.244 45,519,957.1611 2.628 9,392,215.65 (458.39) 12.778 6,812,931.23 (194,405.25) 5.486 17,855 , 289.7731 (1,185,222.5 ) 12.768 5,275,536.93 70,884.88 -2.688 1,496,627.461 (189.44) -12.588 1,972,395.90 2,404.75 2.168 696,973.001 148,729.8 -0.258 43,501,969.901 7.728 (13,538.52) (467,947.92) 3,973,868.19 2,017,987 72,324.72 (458.39) 77,361.92 38,444.74 (194,405.25) (197,537.10) (1,166,431.50) (1,185,222.5 ) 13,520.26 14,139.36 70,884.88 69,114.3 (1,500.29) (189.44) (2,793.19) (1,087.0 ) 2,404.75 3,039.25 99,626.78 148,729.8 (107,655.81) (181,006.32) (921,351.11) (930,02g.5 (121,194.33) (648,954.24) 3,052,517.08 1,087,966.7 (3) 101,873,334.16 101,445,083.2 104,925,851.24 102,533 049.9 -49.228 -50.318 1.618 -2.508 -61.088 49.298 0.948 -64.368 -0.428 -2.288 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/15 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 125,665.65 YEAR TO DATE YEAR TO DATE VARIANCE* 12,234,940.46 12,020,167.00 214,773.46 17,625,976.64 17,985,930.00 (359,953.36) 15,422,436.34 15,826,811.00 (404,374.66) 405,781.68 360,606.00 45,175.68 351,624.05 351,157.00 467.05 (520,802.01) (450,000.00) (70,802.01) 45,519,957.16 46,094,671.00 (574,713.84) 9,392,215.65 9,266,550.00 125,665.65 6,812,931.23 6,560,261.00 252,670.23 17,855,289.73 17,535,930.00 319,359.73 5,275,536.93 5,518,895.00 (243,358.07) 1,496,627.46 1,875,318.00 (378,690.54) 1,972,395.90 1,991,580.00 (19,184.10) 696,973.00 708,000.00 (11,027.00)_ 43,501,969.90 43,456,534.00 45,435.90 2,017,987.26 2,638,137.00 (620,149.74) 38,444.74 100,000.00 (61,555.26) (1,185,222.50) (1,185,000.00) (222.50) 69,114.38 75,000.00 (5,885.62) (1,087.01) (1,050.00) (37.01) 148,729.85 180,000.00 (31,270.15) (930,020.54) (831,050.00) (98,970.54) 1,087,966.72 1,807,087.00 (719,120.28) 101,445,083.23 101,445,083.23 0.00 102,533,049.95 103,252,170.23 (719,120.28) (3A) CHANGE 1.79% -2.00% -2.55% 112.53% 0.13% 115.73% -1.25% 1.36% 3.85% 1.82% -4.41% 20.19% -0.96% -1.56% 0.10% 51% 461.56% 0.02% I-7.85% 3.52% 417.37% 11.91% rt39.79% 0.00% -0.70% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 12/31/15 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/15 5,434,307.79 CONSTRUCTION FUND BALANCE 7/1/15 1,400,000.00 INTEREST ON DEPRECIATION FUND FY 16 12,882.58 DEPRECIATION TRANSFER FY 16 1,972,395.90 TOTAL SOURCE OF CAPITAL FUNDS 8,819,586.27 USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU DECEMBER TOTAL USE OF CAPITAL FUNDS 2,393,307.69 GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/15 6,426,278.58 (4) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 12/31/15 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD 96 SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 20,300,731 18,891,467 132,001,856 134,467,011 x.87% COMM. AND INDUSTRIAL SALES 30,366,339 29,987,560 209,130,663 209,094,489 -0.0296 PRIVATE STREET LIGHTING 79,634 79,996 473,424 477,356 �.83% TOTAL PRIVATE CONSUMERS 50,746,704 48,959,023 341,605,943 344,038,856 0.71% MUNICIPAL SALES: STREET LIGHTING 242,689 222,241 1,457,065 1,381,864 1696 MUNICIPAL BUILDINGS 781,454 733,200 4,744,852 4,604,141 - .97% TOTAL MUNICIPAL CONSUMERS 1,024,143 955,441 6,201,917 5,986,005 -$.48% SALES FOR RESALE 220,731 203,566 1,771,693 1,726,301 -�.56% SCHOOL 1,318,323 1,233,814 7,271,199 7,085,798 -�.55% TOTAL KILOWATT HOURS SOLD 53,309,901 51,351,844 356,850,752 358,836,960 0.56% (5) MONTH YEAR TO DATE LAST YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL KILOWATT HOURS SOLD TO TOTAL MONTH RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL YEAR TO DATE LAST YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 12/31/15 TOTAL READING LYNNFIELD NO.READING WILMINGTON 18,891,467 6,211,670 2,601,294 3,928,181 ,150,322 29,987,560 3,547,215 260,080 4,717,971 21',462,294 79,996 13,418 1,664 24,811 40,103 222,241 75,000 28,790 39,629 78,822 733,200 191,543 165,914 110,185 265,558 203,566 203,566 0 0 0 1,233,814 412,993 290,953 234,400 295,468 51,351,844 10,655,405 3,348,695 9,055,177 28 292,567 134,467,011 42,788,610 19,315,546 31,001,445 41,361,410 209,094,489 24,617,157 1,638,702 31,972,010 159,866,620 477,356 80,508 9,146 149,024 238,678 1,381,864 466,044 183,295 243,756 488,769 4,604,141 1,019,491 1,043,910 843,774 ],696,966 1,726,301 1,726,301 0 0 i 0 7,085,798 2,434,821 1,513,222 1,509,380 1,628,375 358,836,960 73,132,932 23,703,821 65,719,389 19 280,818 132,001,856 40,728,564 19,235,022 30,191,268 41',847,002 209,130,663 25,652,832 1,634,982 32,300,531 149,542,318 473,424 80,192 9,144 148,826 235,262 1,457,065 489,641 196,757 256,065 514,602 4,744,852 1,156,623 1,012,866 876,551 11698,812 1,771,693 1,771,693 0 0 0 7,271,199 2,511,266 1,547,450 1,121,640 ,090,843 356,850,752 72,390,811 23,636,221 19g,928,839 64,894,881 TOTAL READING LYNNFIELD NO.READING WILMINGTON 36.79% 12.10% 5.07% 7.65% 11.98% 58.40% 6.91% 0.51% 9.19% 41.79% 0.16% 0.03% 0.00% 0.05% 0.08% 0.43% 0.15% 0.06% 0.08% 0.15% 1.43% 0.37% 0.32% 0.21% 0.52% 0.40% 0.40% 0.00% 0.00% 0.00% 2.40% 0.80% 0.57% 0.46% 0.58% 100.00% 20.75% 6.52% 17.63% 55.10% 37.47% 11.92% 5.38% 8.64% 11.53% 58.27% 6.86% 0.46% 8.91% 42.04% 0.13% 0.02% 0.00% 0.04% 0.07% 0.39% 0.13% 0.05% 0.07% 0.14% 1.28% 0.28% 0.29% 0.24% 0.47% 0.48% 0.48% 0.00% 0.00% 0.00% 1.97% 0.68% 0.42% 0.42% 0.45% 20.38% 6.61% 18.31% 54.70% 100.00% 36.99% 11.41% 5.39% 8.46% 11.73% 58.60% 7.19% 0.46% 9.05% 41.90% 0.13% 0.02% 0.00% 0.04% 0.07% 0.41% 0.14% 0.06% 0.07% 0.14% 1.33% 0.32% 0.28% 0.25% 0.48% 0.50% 0.50% 0.00% 0.00% 0.00% 2.04% 0.70% 0.43% 0.31% 0.60% 100.00% 20.28% 6.62% 18.18% 54.92% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 12/31/15 TOTAL OPERATING REVENUES (P.3) ADD: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS LESS: OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 45,519,957.16 0.00 2,618.83 (43,501,969.90) (1,087.01) 2,019,519.08 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 12/31/15 An (8) THRU DEC 2015 $58,836,960 $17,401,919 0.029591 0.034096 0.085845 0.083216 ;625,976.64 MONTH OF MONTH OF % CHANGE YEAR DEC 2014 DEC 2015 2014 2015 DEC 2014 SALE OF KWH (P.5) 53,309,901 51,351,844 -1.57% 0.56% 356,850,752 KWH PURCHASED 51,136,295 56,019,481 -5.19% -10.99% 356,594,886 AVE BASE COST PER KWH 0.027660 0.031663 -40.64% 26.69% 0.023357 AVE BASE SALE PER KWH 0.031673 0.034268 -52.34% 9.91% 0.031021 AVE COST PER KWH 0.081520 0.080881 -16.71% 26.69% 0.067761 AVE SALE PER KWH 0.081622 0.089314 -25.38% 2.53% 0.081161 FUEL CHARGE REVENUE (P.3) 2,662,761.53 2,826,699.78 12.97% -1.49% 17,892,702.47 17 LOAD FACTOR 63.96% 76.50% PEAK LOAD 109,529 100,307 An (8) THRU DEC 2015 $58,836,960 $17,401,919 0.029591 0.034096 0.085845 0.083216 ;625,976.64 Im TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 12/31/15 UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND 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 10,581,094.96 3,000.00 10,584,094.96 5,638,141.20 5,808,969.17 6,752,704.96 200,000.00 1,703,067.10 150,000.00 835,189.91 525,077.98 21,613,150.32 1,292,906.26 33,490,151.54 SCHEDULE A CURRENT YEAR 11,355,085.47 3,000.00 11,358,085.47 6,426,278.58 4,430,170.05 6,796,669.46 200,000.00 1,805,599.83 150,000.00 903,279.18 730,732.68 21,442,729.78 1,284,061.45 34,084,876.70 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 12/31/15 SCHEDULE B!, PREVIOUS YEAR CURRENT YNAF SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 3,112,258.30 2,418,544. 6 ACCOUNTS RECEIVABLE - OTHER 109,841.03 272,786. 8 ACCOUNTS RECEIVABLE - LIENS 37,433.70 22,443.7 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 892.14 543. 3 SALES DISCOUNT LIABILITY (241,453.34) (125,309. 4) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (261,911.57) 253 736. 3 TOTAL ACCOUNTS RECEIVABLE BILLED 2,757,060.26 2,335,273. 7 60 DAYS 116,671.20 5.09% UNBILLED ACCOUNTS RECEIVABLE 5,622,269.28 5,166,349. 5 TOTAL ACCOUNTS RECEIVABLE, NET 8,379,329.54 7,501,623. 2 SCHEDULE OF PREPAYMENTS 2,418,544.56 PREPAID INSURANCE 1,363,687.83 11370,613. 9 PREPAYMENT PURCHASED POWER 292,218.45 787,589. 9 PREPAYMENT PASNY 259,957.39 307,572. 0 PREPAYMENT WATSON 183,285.94 269,893. 2 PURCHASED POWER WORKING CAPITAL 12,700.11 14,870. 6 TOTAL PREPAYMENT 2,111,849.72 2,750,539. 6 OTHER DEFERRED DEBITS 0.00 ACCOUNTS RECEIVABLE AGING DECEMBER 2015: RESIDENTIAL AND COMMERCIAL 2,418,544.56 LESS: SALES DISCOUNT LIABILITY (125,309.24) GENERAL LEDGER BALANCE 2.293,235.32 CURRENT 1,788,285.12 77.98% 30 DAYS 285,804.39 12.46% 60 DAYS 116,671.20 5.09% 90 DAYS 48,777.48 2.13% OVER 90 DAYS 53.697.13 2.34% TOTAL 2,293,235.32 100.00% (10) �w SALES OF ELECTRICITY: RESIDENTIAL SALES COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING TOTAL PRIVATE CONSUMERS TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 12/31/15 SCHEDULE D 1 MONTH MONTH LAST YEAR CURRENT YEAR LAST YEAR CURRENT YEAR TO DATE TO DATE 1,931,030.98 1,981,917.70 12,602,060.91 13,246,809.2 2,198,959.18 2,409,026.19 15,036,790.21 15,380,916.0 9,509.48 10,569.04 56,577.48 60,437.6 4,139,499.64 4,401,512.93 27,695,428.60 YTD % CHANGE 5.12% 2.29% 6.82% 3.58% MUNICIPAL SALES: STREET LIGHTING 29,862.95 (4,604.98) 179,165.20 71,970.6 -59.83% MUNICIPAL BUILDINGS 63,341.27 65,864.54 378,010.93 380,857.53 0.75% TOTAL MUNICIPAL CONSUMERS 93,204.22 61,259.56 557,176.13 452 828.1 -18.73% SALES FOR RESALE 18,738.74 19,010.76 151,783.49 149,317.6 -1.62% SCHOOL 99,810.38 104,643.62 558,101.91 570,608.371 2.24% SUB -TOTAL 4,351,252.98 4,586,426.87 28,962,490.13 29,860,917.10 3.10% FORFEITED DISCOUNTS 69,156.18 86,146.38 391,523.13 405,781.68 3.64% PURCHASED POWER CAPACITY 2,332,107.41 2,200,292.86 15,037,567.39 15,422,436.34 2.56% ENERGY CONSERVATION - RESIDENTIAL 20,310.69 18,899.14 132,054.59 134,529.71 1.87% ENERGY CONSERVATION - COMMERCIAL 31,870.20 31,373.48 216,972.48 217,094.34 0.06% NYPA CREDIT (81,999.49) (91,032.01) (382,262.82) (520,802.01) 36.24% TOTAL REVENUE 6,722,697.97 6,832,106.72 44,358,344.90 45,519,957.1 2.62% w LAST YEAR TO DATE RESIDENTIAL 12,602,060.91 TOWN OF READING, MASSACHUSETTS 1,823,444.98 2,875,877.06 2,502,007.04 3,9 5,258.14 10,5 3,530.92 INDUS/MUNI BLDG MUNICIPAL LIGHT DEPARTMENT 2,143,065.81 60,085.38 216,197.37 24,144.48 31,604.80 SCHEDULE OF OPERATING REVENUE BY TOWN 179,165.20 56,577.48 9,414.06 1,110.96 18,425.51 12/31/15 CO-OP RESALE 151,783.49 151,783.49 194,742.93 or TOTAL READING LYNNFIELD NO.READING WIIdi[INGTON MONTH 0.07% 0.12% TOTAL 0.23% 6,466,572.40 RESIDENTIAL 1,981,917.70 654,968.42 270,959.19 413,254.41 401,236.56 6 2,735.68 1,67,572.85 BL INDUS/MUNI BLDG 2,474,890.73 336,926.36 39,154.96 (828.90) 1,611.74) PUBS/MUNI (4,604.98) (1,565.69) 1,725.69 (598.65) 228.45 3,423.47 5,191.43 PRV.ST.LIGHTS 10,569.04 19,010.76 19,010.76 0.00 0.00 0.00 CO-OP RESALE SCHOOL 104,643.62 35,469.57 23,380.11 21,432.42 24,361.52 TOTAL 1,046,535.11 333,124.06 838,517.96 2,3 8,249.74 4,586,426.87 10.19% 8.44% 13.64% 36.50% INDUS/MUNI BLDG 52.79% THIS YEAR TO DATE 0.77% 0.03% 0.04% 0.09% PUB.ST.LIGHTS 0.24% RESIDENTIAL 13,246,809.25 4,242,601.25 1,886,807.25 229,784.25 3,044,224.28 2,518,798.17 4,0'3,176.47 10,88,302.52 INDUS/MUNI BLDG 15,761,773.54 2,114,888.60 24,470.02 9,356.18 12,954.72 5,189.73 PUB.ST.LIGHTS 71,970.65 60,437.65 9,917.63 1,196.69 19,728.24 29,595.09 PRV.ST.LIGHTS CO-OP RESALE 149,317.64 149,317.64 0.00 0.00 i 0.00 17,811.63 SCHOOL 570,608.37 197,135.09 118,599.97 127,061.68 TOTAL 6,738,330.23 2,245,744.32 5,722.767.10 �14 29,860,917.10 LAST YEAR TO DATE RESIDENTIAL 12,602,060.91 3,907,480.73 1,823,444.98 2,875,877.06 2,502,007.04 3,9 5,258.14 10,5 3,530.92 INDUS/MUNI BLDG 15,414,801.14 2,143,065.81 60,085.38 216,197.37 24,144.48 31,604.80 3,330.54 PUB.ST.LIGHTS PRV.ST.LIGHTS 179,165.20 56,577.48 9,414.06 1,110.96 18,425.51 7,626.95 CO-OP RESALE 151,783.49 151,783.49 194,742.93 0.00 117,493.21 0.00 88,077.12 0.00 1,7,788.65 SCHOOL 558,101.91 -0.03% 0.04% 0.00% 0.07% 0.12% TOTAL 0.23% 6,466,572.40 2,182,391.00 5,515,991.53 14 797 535.20 28,962,490.13 0.41% 2.28% 0.77% 0.51% PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING (WILMINGTON MONTH RESIDENTIAL 43.21% 14.28% 5.91% 9.01% 8.75% 14.01% 37.02% INDUS/MUNI BLDG 53.97% 7.35% 0.85% -0.01% -0.02% -0.04% PUB.ST.LIGHTS -0.10% -0.03% 0.04% 0.00% 0.07% 0.12% PRV.ST.LIGHTS 0.23% 0.41% 0.00% 0.00% 0.00% CO-OP RESALE 0.41% 2.28% 0.77% 0.51% 0.47% 0.53% SCHOOL TOTAL 22.82% 7.26% 18.28% 51.6496 100.00% THIS YEAR TO DATE RESIDENTIAL 44.36% 14.21% 6.32% 10.19% 8.44% 13.64% 36.50% INDUS/MUNI BLDG 52.79% 7.08% 0.77% 0.03% 0.04% 0.09% PUB.ST.LIGHTS 0.24% 0.08% 0.03% 0.00% 0.07% 0.10% PRV.ST.LIGHTS 0.20% 0.50% 0.00% 0.00% 0.00% CO-OP RESALE 0.50% 1.91% 0.66% 0.40% 0.43% 0.42% SCHOOL TOTAL 22.56% 7.52% 19.17% 50.759, 100.00% LAST YEAR TO DATE RESIDENTIAL 43.51% 13.49% 6.30% 9.93% 8.64% 13.79% 36.44% INDUS/MUNI BLDG 53.24% 7.41% 0.75% 0.08% 0.11% 0.22% PUB.ST.LIGHTS 0.62% 0.21% 0.03% 0.00% 0.06% 0.10% PRV.ST.LIGHTS 0.19% 0.52% 0.00% 0.00% 0.00% CO-OP RESALE 0.52% 1.92% 0.67% 0.41% 0.30% 0.54% SCHOOL TOTAL 22.33% 7.54% 19.04% 51.09% 100.00% (11A) * ( ) = ACTUAL UNDER BUDGET TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 12/31/15 SCHEDULE F ACTUAL YEAR TO DATE SALES OF ELECTRICITY: VARIANCE * RESIDENTIAL 6,622,804.81 COMM AND INDUSTRIAL SALES 102,665.81 PRIVATE STREET LIGHTING 5,288,863.40 MUNICIPAL BUILDINGS 251,541.40 PUBLIC STREET LIGHTING 38,836.82 SALES FOR RESALE (150,693.18) SCHOOL 65,106.17 TOTAL BASE SALES (765.83) TOTAL FUEL SALES 219,329.26 TOTAL OPERATING REVENUE 12,025.26 5.80% j FORFEITED DISCOUNTS 12,234,940.46 PURCHASED POWER CAPACITY 214,773.46 ENERGY CONSERVATION - RESIDENTIAL 17,625,976.64 ENERGY CONSERVATION - COMMERCIAL (359,953.36) NYPA CREDIT TOTAL OPERATING REVENUES * ( ) = ACTUAL UNDER BUDGET TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 12/31/15 SCHEDULE F ACTUAL YEAR TO DATE BUDGET YEAR TO DATE VARIANCE * % CHANGE 6,622,804.81 6,520,139.00 102,665.81 1.57% 5,288,863.40 5,037,322.00 251,541.40 4.99% 38,836.82 189,530.00 (150,693.18) -79.51% 65,106.17 65,872.00 (765.83) -1.16 219,329.26 207,304.00 12,025.26 5.80% j 12,234,940.46 12,020,167.00 214,773.46 1.79% 17,625,976.64 17,985,930.00 (359,953.36) -2.00% 29,860,917.10 30,006,097.00 (145,179.90) -0.48% 405,781.68 360,606.00 45,175.68 12.53 15,422,436.34 15,826,811.00 (404,374.66) 1-2.55% 134,529.71 134,050.00 479.71 0.36% 217,094.34 217,107.00 (12.66) -0.01% (520,802.01) (450,000.00) (70,802.01) 15.73 (574,713.84) 46,094,671.00 45,519,957.16 (11B) OPERATION EXPENSES: PURCHASED POWER CAPACITY PURCHASED POWER TRANSMISSION TOTAL PURCHASED POWER TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 12/31/15 MONTH MONTH LAST YEAR CURRENT YEAR SCHEDULE E LAST YEAR CURRENT YEAR, YTD % TO DATE TO DATE CHANGE 1,414,428.94 1,773,743.78 8,328,932.33 814,302.36 955,262.13 6,459,229.67 2,228,731.30 2,729.005.91 14,788,162.00 9,392,215.6 12.77% 6,812,931.21 5.48% 9.58% OPERATION SUP AND ENGINEERING EXP 42,406.96 50,646.37 265,692.33 272,264.77 75,545.36 2.47% -2.19% STATION SUP LABOR AND MISC 10,928.37 79,469.07 14,514.87 75,056.73 77,234.63 369,751.47 381,563.8 3.19% LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE 59,584.28 38,871.07 254,570.59 201,987.7 -20.66% STREET LIGHTING EXPENSE 8,881.42 10,887.62 47,263.62 57,133.0 20.88% METER EXPENSE 17,582.14 20,955.83 90,813.94 111,130.0 22.37% MISC DISTRIBUTION EXPENSE 42,569.79 39,758.80 218,369.73 219,477.3 0.51% METER READING LABOR & EXPENSE 1,148.21 1,983.88 8,716.87 14,519.7 66.57% ACCT & COLL LABOR & EXPENSE 151,131.34 173,003.27 891,223.59 841,209.1 -5.61% UNCOLLECTIBLE ACCOUNTS 10,000.00 10,000.00 60,000.00 60,000.0 0.00% ENERGY AUDIT EXPENSE 33,816.71 42,857.32 202,001.26 275,006.5 36.14% ADMIN & GEN SALARIES 66,636.99 87,965.26 418,461.35 444,925.2 6.32% OFFICE SUPPLIES & EXPENSE 24,398.22 46,308.92 146,887.53 157,940.8 7.53% OUTSIDE SERVICES 19,897.90 21,578.06 210,848.38 181,123.0 -14.10% PROPERTY INSURANCE 29,863.88 31,242.46 179,182.53 187,454.4 4.62% INJURIES AND DAMAGES 3,810.17 5,867.83 23,000.45 24,546.3 6.72% EMPLOYEES PENSIONS & BENEFITS 295,418.38 337,363.61 1,510,051.33 1,399,760.9 78,700.61 -7.30% -3.73% MISC GENERAL EXPENSE 24,833.61 17,069.02 14,157.49 81,746.18 83,602.95 85,750.70 2.57% RENT EXPENSE 13,918.27 97,901.00 50,223.17 281,210.09 205,497.3'3 -26.92% ENERGY CONSERVATION TOTAL OPERATION EXPENSES 1,034,196.71 1 090 311 58 5,420,628.82 5 275,536.9 -2.68% NTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.00 227.10 30,838.27 1,362.50 302,611.13 1,362.$0 176,250.716 0.00% -41.76% MAINT OF STRUCT AND EQUIPMT 37,125.68 155,304.41 170,208.97 912,388.27 843,652.'7 -7.53% MAINT OF LINES - OH 11,767.56 14,519.35 77,167.86 64,195. 1 -16.81% MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS 7,333.46 0.00 60,065.12 79,916.(6 33.05% MAINT OF ST LT & SIG SYSTEM 18.88 (20.72) 57,544.79 (84.48) 227,804.27 (324. 5) 268,911.17 284.53% 18.04% MAINT OF GARAGE AND STOCKROOM 41,479.37 0.00 0.00 0.co 0.00% MAINT OF METERS 0.00 35,296.73 14,567.48 130,719.04 62,663..`4 -52.06% MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES 288,553.09 287,885.24 1,712,033.71 1,496,627. Z6777 -12.58% DEPRECIATION EXPENSE 321,788.79 328,732.65 1,930,732.74 1,972,395.0 2.16% PURCHASED POWER FUEL EXPENSE 2,754,212.60 2,757,146.26 15,834,165.44 17,855,289.13 12.76% VOLUNTARY PAYMENTS TO TOWNS 108,754.00 106,973.00 698,754.00 696,973.00 -0.25% 6,736,236.49 7,300,054.64 40,384,476.71 43,501,969.10 7.72% TOTAL OPERATING EXPENSES (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/15 SCHEDULE G ACTUAL BUDGET OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE PURCHASED POWER CAPACITY 9,392,215.65 9,266,550.00 125,665.65 PURCHASED POWER TRANSMISSION 6,812,931.23 6,560,261.00 252,670.23 TOTAL PURCHASED POWER 16,205,146.88 15,826,811.00 378,335.88 OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMENT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES * ( ) = ACTUAL UNDER BUDGET 272,264.77 317,592.00 (45,327.23) 75,545.30 42,432.00 33,113.30 381,563.83 342,312.00 39,251.83 201,987.73 222,753.00 (20,765.27) 57,133.08 47,029.00 10,104.08 111,130.00 108,343.00 2,787.00 219,477.30 229,454.00 (9,976.70) 14,519.74 16,402.00 (1,882.26) 841,209.15 843,946.00 (2,736.85) 60,000.00 60,000.00 0.00 275,006.58 240,931.00 34,075.58 444,925.26 420,691.00 24,234.26 157,940.86 150,600.00 7,340.86 181,123.00 210,362.00 (29,239.00) 187,454.41 233,100.00 (45,645.59) 24,546.32 25,926.00 (1,379.68) 1,399,760.93 1,351,548.00 48,212.93 78,700.61 141,176.00 (62,475.39) 85,750.73 106,002.00 (20,251.27) 205,497.33 408,296.00 (202,798.67) 5,275,536.93 5,518,895.00 (243,358.07) 1,362.50 1,500.00 (137.50) 176,250.76 193,567.00 (17,316.24) 843,652.77 986,653.00 (143,000.23) 64,195.11 85,493.00 (21,297.89) 79,916.66 150,000.00 (70,083.34) (324.85) 5,073.00 (5,397.85) 268,911.17 332,261.00 (63,349.83) 0.00 31,671.00 (31,671.00) 62,663.34 89,100.00 (26,436.66) 1,875,318.00 (378,690.54) 1,496,627.46 1,972,395.90 1,991,580.00 (19,184.10) 17,855,289.73 17,535,930.00 319,359.73 696,973.00 708,000.00 (11,027.00) 43,501,969.90 43,456,534.00 45,435.90 (12A) CHANGE 1.36% 3.85% 2.39% 114.27% 78.04% 111.47% 1-9.32% 21.48% 2.57% 1-4.35% 11.48% -0.32% 0.00% 14.14% 5.76% 4.87% 13.90% X19.58% -5.32% 3.57% ~44.25% ~19.10% X49.67% -9.17% -8.95% 14.49% 24.91% 46.72% 06.40% 19.07% 00.00% 29.67% 20.19% -0.96% 1.82% -1.56% 0.10% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/15 (12B) RESPONSIBLE REMAINING SENIOR 2016 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER CAPACITY JP 17,095,785.00 9,392,215.65 7,703 ' 569.35 45.06% PURCHASED POWER TRANSMISSION JP 12,600,639.00 6,812,931.23 5,787,707.77 45.93% TOTAL PURCHASED POWER 29,696,424.00 16,205,146.88 13,491,277.12 45.43% OPERATION SUP AND ENGINEERING EXP HJ 629,691.00 272,264.77 357,426.23 56.76% STATION SUP LABOR AND MISC HJ 84,858.00 75,545.30 9,312.70 10.97% LINE MISC LABOR AND EXPENSE HJ 666,641.00 381,563.83 285,077.17 42.76% STATION LABOR AND EXPENSE HJ 448,347.00 201,987.73 246,359.27 54.95% STREET LIGHTING EXPENSE HJ 93,347.00 57,133.08 36,213.92 38.79% II, METER EXPENSE HJ 233,648.00 111,130.00 122,518.00 52.44% MISC DISTRIBUTION EXPENSE HJ 457,068.00 219,477.30 237,590.70 51.98% METER READING LABOR & EXPENSE HJ 32,578.00 14,519.74 18,058.26 55.43% ACCT & COLL LABOR & EXPENSE RF 1,693,219.00 841,209.15 852,009.85 50.32% UNCOLLECTIBLE ACCOUNTS JP 120,000.00 60,000.00 60,000.00 50.0011 ENERGY AUDIT EXPENSE JP 482,273.00 275,006.58 207,266.42 42.98% ADMIN & GEN SALARIES CO 838,461.00 444,925.26 393,535.74 46.94% OFFICE SUPPLIES & EXPENSE CO 301,000.00 157,940.86 143,059.14 47.53% OUTSIDE SERVICES CO 377,332.00 181,123.00 196,209.00 52.00% PROPERTY INSURANCE HJ 466,200.00 187,454.41 278,745.59 59.79% INJURIES AND DAMAGES HJ 51,254.00 24,546.32 26,707.68 52.11% EMPLOYEES PENSIONS & BENEFITS HJ 2,633,591.00 1,399,760.93 1,233,830.07 46.85% MISC GENERAL EXPENSE CO 231,022.00 78,700.61 152,321.39 65.93% RENT EXPENSE HJ 212,000.00 85,750.73 126,249.27 59.55% ENERGY CONSERVATION JP 816,602.00 205,497.33 611,104.67 1 74.84% TOTAL OPERATION EXPENSES 10,869,132.00 5,275,536.93 5,593,595.07 51.46% INTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT HJ 3,000.00 1,362.50 1,637.50 54.58% MAINT OF STRUCT AND EQUIPMT HJ 484,026.00 176,250.76 307,775.24 63.59% MAINT OF LINES - OH HJ 1,675,794.00 843,652.77 832,141.23 49.66% MAINT OF LINES - UG HJ 130,694.00 64,195.11 66,498.89 50.88% MAINT OF LINE TRANSFORMERS HJ 156,000.00 79,916.66 76,083.34 48.77% MAINT OF ST LT & SIG SYSTEM HJ 9,745.00 (324.85) 10,069.85 103.33% MAINT OF GARAGE AND STOCKROOM HJ 660,131.00 268,911.17 391,219.83 li 59.26% MAINT OF METERS HJ 43,875.00 0.00 43,875.00 100.00% MAINT OF GEN PLANT RF 178,200.00 62,663.34 115,536.66 64.84% TOTAL MAINTENANCE EXPENSES 3,341,465.00 1,496,627.46 1,844,837.54 55.21% DEPRECIATION EXPENSE RF 3,983,145.00 1,972,395.90 2,010,749.10 50.48% PURCHASED POWER FUEL EXPENSE JP 34,326,329.00 17,855,289.73 16,471,039.27 47.98% VOLUNTARY PAYMENTS TO TOWNS RF 1,416,000.00 696,973.00 719,027.00 50.78% TOTAL OPERATING EXPENSES 40,130,525.10 47.98% 43,501,969.90 83,632,495.00 (12B) 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- SOLAR/FIBER 5 LEGAL -GENERAL 6 LEGAL SERVICES 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL 8 INSURANCE CONSULTANT/OTHER TOTAL PROFESSIONAL SERVICES BY VENDOR MELANSON HEATH DUNCAN AND ALLEN CHOATE HALL 6 STEWART COTTE MANAGEMENT CONSULTING LLC UTILITY SERVICE INC. RUBIN AND RUDMAN SMERCZYNSKI 6 CONN, PC PLM ELECTRIC POWER ENGINEERING FLEET COUNSELOR SERVICES INC. TOTAL 0 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 12/31/2015 nv..PARTMENT ACTUAL BUDGET ��, VARIANCE ACCOUNTING 28,895.25 35,000.00 (6,104.75) INTEGRATED RESOURCES 52,290.25 69,150.00 116,859.75) E 6 0 20,475.85 7,500.00 112,975.85 ENGINEERING 17,042.00 4,998.00 112,044.00 GM 27,419.40 37,500.00 10,080.60) HR 24,400.25 37,716.00 13,315.75) BLDG. MAINT. 0.00 4,998.00 (4,998.00) GEN. BENEFIT 10,600.00 13,500.00 1(2,900.00) 181 123.00 210,362.00 29,239.00) ACTUAL 28,500.00 33,600.43 589.60 633.75 7,700.00 66,960.97 15,496.25 17,042.00 10,600.00 181,123.00 RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 12/31/15 MONTHLY GROSS DEFERRED DEFERRED DATE CHARGES REVENUES NYPA CREDIT Jun -15 4,53 ,789.03 (18,018.49) 4,51 ,770.54 Jul -15 3,492,949.80 3,083,024.15 (65,798.90) Aug -15 3,269,589.09 3,172,916.67 (70,099.15) Sep -15 3,302,139.93 3,385,022.47 (100,901.03) Oct -15 2,543,916.53 2,607,127.52 (105,545.52) Nov -15 2,489,548.12 2,551,186.05 (87,425.40) Dec -15 2,757,146.26 2,826,699.78 (91,032.01) MONTHLY TOTAL DEFERRED DEFERRED 5,180,285.15 (475,724.55) 4,704,560.60 (166,771.57) 4,53 ,789.03 (18,018.49) 4,51 ,770.54 (42,334.53) 4,47 „436.01 (25,787.47) 4,451,648.54 (21,478.49) 4,430,170.05 17,855,289 73 17,625,976.64 (520,802.01) (750,115.10) t RMLD BUDGET / ACTUAL COMPARISON SUMMARY SCHEDULE 12/31/15 DIVISION ACTUAL BUDGET VARIANCE ,VAR % BUSINESS DIVISION 5,020,154 5,073,132 (52,977) -1.04% INTEGRATED RESOURCES 532,794 718,378 (185,584) -25.83% ENGINEERING AND OPERATIONS 2,436,600 2,676,492 (239,892) -8.96% FACILITY 2,271,350 2,374,569 (103,219) -4.35% GENERAL, MANAGER 366,944 437,269 (70,325) -16.08% SUB -TOTAL 10,627,843 11,279,840 (651,997) -5.78% PURCHASED POWER BASE 16,205,147 15,826,811 378,336 2.39% PURCHASED POWER FUEL 17,855,290 17,535,930 319,360 1.82% TOTAL 44,688,279 44,642,581 45,699 0.10% 1/5/2016 2:50 PM READING MUNICIPAL LIGHT DEPARTMENT FY 15 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2015 Attachment 4 ROUTINE CONSTRUCTION: 114 Routine Construction SPECIAL PROJECTS / CAPITAL PURCHASES: 100 Distributed Generation 103 Distribution Protection and Automation 114 Fiber Optic Test Equipment 115 Fault Indicators 116 Transformers and Capacitors 117 Meter Purchases (including "500 Club") 122 Engineering Analysis Software and Data Conversion 125 GIS 126 Communication Equipment (Fiber Optic) 131 LED Street Light Implementation 134 Substation Test Equipment SUB -TOTAL OTHER CAPITAL PROJECTS: 95 230 Ash St Building 97 HVAC Roof Units - Garage 98 IRD hardware 99 Electric Vehicle Supply Equipment 118 Rolling Stock Replacement 119 Security Upgrades All Sites 120 Great Plains / Cogsdale Upgrade 121 HVAC System Upgrade - 230 Ash Street 123 Oil Containment Facility Construction 127 Hardware Upgrades 128 Software and Licensing 129 Master Facilities Site Plan 136 Voltage Data Recorders SUB -TOTAL TOTAL CAPITAL BUDGET ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL R R ALL ALL ALL ALL ALL R ALL ALL ALL R ALL ACTUAL 110,357 610,794 1,000,000 389,2061 COST YTD ANNUAL REMAINING PROJ DESCRIPTION TOWN NOV ADDITIONS BUDGET BALANCE CONSTRUCTION: 50,000 54,617 193,824 668,000 474,176 101 5W9 Reconductoring - Ballardvale Area W 193,3331 73,250 100,000 100,000 102 Pole Line Upgrade - Lowell Street, W W 1,035 85,948 113,000 27,0521 104 Upgrade Old Lynnfield Center URDs (Cook's Farm) LC 13,788 94,095 42,000 (52,095 105 4W5 -4W6 Tie R 599 12,349 - (12,349 106 URD Upgrades ALL 80,00 3,481 340,000 336,519 107 Step-down Area Upgrades ALL 10,000 10,026 352,000 341,974', 110 Pole Line Upgrade - Woburn Street, W W 6,150 448,000 91,000 91,0001 212 Force Account West Street R 414 138,282 150,000 11,718'' 6,700 SUB -TOTAL 600,000 15,836 344,181 1,188,000 843,8191 54,15 12,799 34,774 152,000 117,22 STATION UPGRADES: 15,212 172,000 156,788 96 Station 4 (GAW) Back-up Generator R 50,000 107,000 107,000'1 108 Station 4 (GAW) Relay Replacement Project R 73,000 73,000', 109 Station 4 (GAW) Transformer Replacement R 41,000 41,0001 111 Station Equipment Upgrade (all) ALL 254,000 254,000'1 112 Station 4 (GAW) Switchgear/Breaker Replacement R 508,000 508,000'1 113 Station 4 (GAW) Battery Bank Upgrade R 57,000 57,0001 130 Station 3 - Remote Terminal Unit (RTU) Replacement NR 94,000 94,0001 SUB -TOTAL 1,134,000 1,134,0001 NEW CUSTOMER SERVICES: New Service Installations (Commercial / Industrial) ALL 34,000 34,0001 New Service Installations (Residential) ALL 7,758 52,344 164,000 111,6561 SUB -TOTAL 7,758 52,344 198,000 145,656 ROUTINE CONSTRUCTION: 114 Routine Construction SPECIAL PROJECTS / CAPITAL PURCHASES: 100 Distributed Generation 103 Distribution Protection and Automation 114 Fiber Optic Test Equipment 115 Fault Indicators 116 Transformers and Capacitors 117 Meter Purchases (including "500 Club") 122 Engineering Analysis Software and Data Conversion 125 GIS 126 Communication Equipment (Fiber Optic) 131 LED Street Light Implementation 134 Substation Test Equipment SUB -TOTAL OTHER CAPITAL PROJECTS: 95 230 Ash St Building 97 HVAC Roof Units - Garage 98 IRD hardware 99 Electric Vehicle Supply Equipment 118 Rolling Stock Replacement 119 Security Upgrades All Sites 120 Great Plains / Cogsdale Upgrade 121 HVAC System Upgrade - 230 Ash Street 123 Oil Containment Facility Construction 127 Hardware Upgrades 128 Software and Licensing 129 Master Facilities Site Plan 136 Voltage Data Recorders SUB -TOTAL TOTAL CAPITAL BUDGET ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL ALL R R ALL ALL ALL ALL ALL R ALL ALL ALL R ALL $ 407,686 $ 1,979,646 $ 10,595,000 $ 8,615,354 110,357 610,794 1,000,000 389,2061 2,164,000 2,164,00011 6,850 22,556 70,000 47,4441 15,000 15,0001 50,000 50,000 54,617 193,824 668,000 474,176 12,240 25,667 219,000 193,3331 73,250 73,250 73,000 (25a) 420,000 420,00P 98,000 98,00 54,721 209,462 1,200,000 990,53 51,540 51,540 100,000 48,46 253,218 576,299 5,077,000 4,500,70 80,000 80,00 50,000 50,00 10,000 10,000 50,000 50,00 6,150 448,000 441,85 50,000 50,000 8,550 127,000 118,451 6,700 326,494 600,000 273,50 113 4,848 59,000 54,15 12,799 34,774 152,000 117,22 905 15,212 172,000 156,788 150,000 150,000 50,000 50,000 20,517 396,028 1,998,000 1,601,972 $ 407,686 $ 1,979,646 $ 10,595,000 $ 8,615,354 FA- !w V 4m� • pmm' O O • PON A M 0M0 a LO OLO - 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CL r 00 y O C C 'L I= 'p KJ 0: u c Z Z r ZQ a c 2 a 0 Q a+ Z~ C 0 ~ a CW Z 2~ C .� c n n Qo m rl^� M N c aYi E e O u O W u P z E Co CL O CL c r m 0 M CL � u ......, � w _j LL ,:. Usuj LL LL '. O M I I EH Ln c �n m N N a p w mZU. M l7 G o Fes- Z N J ai d a c . a cc 0 0 ab 111111 1 LA 00 � U � 0 8$ 8 0 8 POEMO Ln O cu e C-6 PM-0 0 0 0 0 0 0 0 0 z 0 W Lm .4 00 W�z 0 N N XW P-M 0 Poo RENO 0 0000 NRcc MMNIV4,li 7 ,do Im G u° S `o Y t C W N C 72 u n V C N w LCL u L = 10 .0 m W 3 > 3 > > z O H ON * �J Jeanne FoU From: Jeanne Foti ?nt: Thursday, January 21, 2016 11:16 AM o: RMLD Board Members Group Subject: Account Payable and Payroll Questions Good afternoon. In an effort to save paper, the following timeframes had no Account Payable and Payroll questions. Account Payable Warrant — No Questions December 11, December 18, January 1 and January 15. On December 25 there was no Account Payable Warrant run due to the holiday. Payroll — No Questions December 14, December 28 and January 11. This e-mail will be printed for the Board Packet for the RMLD Board meeting on January 28, 2016. (WwJeanne 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. Coleen O'Brien From: Coleen O'Brien Lent: Tuesday, January 19, 2016 2:39 PM O: 'David Talbot' Cc: Dave Hennessy; John Stempeck; Phil Pacino; Tom O'Rourke Subject: Account Payable Warrant Questions - December 4 and January 8 Attachments: Coyle Ltr9-29-15.pdf Talbot 1. Dunca& Allen What services were performed by Frank Radigan of Hudson River Energy Group for $7,200. Under task it is blank — EG 8 hours on Sept. 23 for $1,600 why is there no itemization. RMLD has intervened at FERC along with twelve other municipals light departments with regards to the amount of ROE that Transmission providers are allowed to earn. Hudson River group developed a working spreadsheet modIto determine the impact on the RNS revenue requirement from a change in the base and ceiling return on equity being awarded the investor owned utilities in New England including modeling the impact of the various incentive r turns for certain projects. RMLD portion of the $7200 is 15.17% or $1,092.24. The attached is the corrected invoice which reflects the work completed. 2. Century Bank — Why do we pay a bank $1,765.40 per month when they hold $20 million. Do they pay interest? The $1,765.40 November bank service charges from Century Bank are the costs associated with RMLD's lockb�x transactions, deposit transactions and the like. RMLD earns approximately $100.00 per month on its deposits with Century Bank. CC eP.w M. O'B rCe+V General Manager Reading Municipal Light Department 230 Ash Street Reading, MA 01867 HUDSON RIVER ENERGY GROUP September 29, 2015 Mr. John Coyle, Esq. Duncan & Allen 1730 Rhode Island Ave NW #700 Washington, DC 20036 RE: RNS Rates — Appeal on Return on Equity Dear Mr. Coyle: Enclosed please find my invoice for time spent on constructing an interactive spreadsheet model to measure the rate impacts of changes to the return on equity of Pool Transmission Facilities in New England Should you have any questions or require further information, please don't hesitate td contact me at 518-452-2585 or e-mail me at the address listed below. ATT: Sincerely, Frank W. Radigan Principal Hudson River Energy Group 237 Schoolouse Road Albany, NY 12203 Telephone 518-452-2585 / Fax 518-452-2684 Mr. John Coyle, Esq. Duncan & Allen 1730 Rhode Island Ave NW #700 Washington, DC 20036 Invoice for Professional Services RNS Rates - Appeal of Return on Equity Invoice Date 29 -Sep -15 LABOR CATEGORY DESCRIPTION HOURS RATE AMOUNT Frank Radigan 36.0 200.00 7,200.00 SUBTOTAL 1 $7,200.00 EXPENSES Please remit payment to: Hudson River Energy Group Attn: Frank Radigan 237 Schoolouse Road Albany, NY 12203 SU13101AL 1 $0.00 TOTAL 1 $7,200.00 7" V" Activity Sheet for Appeal on RNS Return on Equity Frank Radigan Month Date Hrs Task 2014 Sep 6 Preparation of Initial spreadsheet on the effect on RNS revenue requirement from changing return one uit 2015 Sept. 17 2.0 Begin new database of RNS inputs for investor owned utilities based on 2014 RNS revenue requirement flings 18 2.0 19 20 3.0 44 " 21 4.0 " " 22 4.0 Preparing model to measure what effect changing the ROE, would have on pool wide RNS revenue requirement. 23 8.0 24 4.0 25 3.0 Finalize Model and deliver to client M a co N N O N . 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