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2016-07-28 RMLD Board of Commissioners Minutes
r Town of Reading > Meeting Minutes Board - Committee - Commission - Council: RMLD Board of Commissioners Date: 2016-07-28 Building: Reading Municipal Light Building Address: 230 Ash Street Purpose: General Business Attendees: Members - Present: Time: 7:30 PM TOWNECLERK M READING. MAS. 24 OCT 25 A tool Location: Winfred Spurr Audio Visual Room Session: Open Session Version: Philip Pacino, Vice Chairman i David Hennessey, Commissioner -Secretary Pro Tem John Stempeck, Commissioner David Talbot, Commissioner Members - Not Present: Thomas O'Rourke, Chairman Others Present: Staff: Coleen O'Brien, General Manager Hamid Jaffari, Director of Engineering and Operations Wendy Markiewicz, Senior Accountant Jane Parenteau, Director of Integrated Resources Jeanne Foti, Executive Assistant Minutes Respectfully Submitted By: David Hennessey Topics of Discussion: Call Meeting to Order Chairman Pacino called die meeting to order and stated that the meeting was being videotaped, it is not a live broadcast. The meeting is also being videotaped for distribution for community television stations in North Reading, Wilmington and Lynntield. Opening Remarks Chairman Pacino road the RMLD Bound of Commissioners Code of Conduct. Chairman O'Rourke will not be in attendance at the meeting, Vice Chair Pacino will be Chairman at this meeting, Public Comment There was no public comment. RMLD Citizens' Advisory Board There was no RMLD Citizens' Advisory Board member present. Liaisons to RMLD Board There were no liaisons present. Report RMLD Board Member Attendance at RMLD Citizens' Advisory Board Meeting Note: Vice Chair Pacino attended the CAB meeting on July 13, 2016. Chairman Pacino reported that he attended the last CAB meeting. The wholesale power supply was discussed and it was a good meeting. Page 1 1 Report of the Committee Policy Committee — Commissioner Hennessy t,) Mr. Hennessy reported that the Policy Committee met before the meeting, RMLD Policy Number 6, Drug and Alcohol Free Workplace policy was updated to reflect current law especially in the regards to certain prescription and nonprescription drugs, including medical marijuana. (- LIMr. Hennessy made a motion seconded by Mr. Stempeck to approve the revisions made to RMLD Policy Number 6, Revision 2, Drug and Alcohol Workplace. Motion carried 4:0:0. Approval of Board Minutes January 28, 2016 and March 31, 2016 Mr. Stempeck made a motion seconded by Mr. Hennessy to approve the January 28, 2016 minutes, as presented. Motion carried 4:0:0. Mr. Stempeck made a motion seconded by Mr. Hennessy to approve the Much 31, 2016 minutes, as presented. Motion carried 4:0:0. Chaunepn Pacino said that Mr. Hennessy will be the Secretary this evening. General Manager's Report — Ms. O'Brien Ms. O'Brien reported that the RMLD held an Informational Fomm on the gas generator and the benefits of peak shaving using this type of generation technology. This was held on Tuesday, July 26, 2016 at 7:00 pm, Edith A O'Leary Senior Center, North Reading. There was no public attendance. Ms. O'Brien said that the gas generator should be installed by June 2017. Chairman Pacino said that he and the RMLD Citizens' Advisory Board member Mark Chrisos were in attendance. Ms. O'Brien stated that Vehicle Day is August 8 from about 10:15-12:15, 5 Central Street in North Reading. Ms. O'Brien stated that there is no surplus to report on. Also, there will be no RMLD Board meeting in August. Power Supply Report—May 2016— Ms. Parenteau (Attachment 1) Ms. Parenteau presented the May power supply report provided in the Commissioner packets covering power supply changes, energy cost, fuel charges and collections, fuel reserve balance, spot market purchases, capacity costs, demand as well as the percentage of RMLD's renewable projects. Ms. Parenteau reported that the majority of RMLD's portfolio is purcbased by a layering and laddering approach For the month of May, 54.8% of RMLD's portfolio is representative of system energy, with RMLD's renewable increasing, 11.7% hydro, 2.8% wind and .5%solar. The renewables represent approximately 15% of the portfolio in May. Nuclear represented 13.8% and natural gas 1.8%. Ms. Parenteau pointed out that comparing the renewables May 2015 to May 2016 there was more hydro generated in 2016 than 2015. The RMLD had Jericho Wind that came online in October 2015. Saddleback Mountain was in the portfolio as well in 2015. The solar portion represents a two megawatt solar army located at 1 Burlington Place, Wilmington in which the RMLD is buying the off take of that project which came online at the end of last year. Ms. Parenteau stated that the average cost of the portfolio for May was a little over 3.50. The wind and solar have a higher cost which is anticipated. The directive on renewable projects is to review such projects to by to find economic and competitively effective renewables to include in the portfolio. Mr. Hennessy asked where the directive comes from. Ms. Parenteau responded Ms. O'Brien and the RMLD have a Sustainable Energy Policy. The policy contains the specific sustainability target percentages. RMLD RFP for Wholesale Power Supply Ms. Parenteau reported that at the July 13 Citizens' Advisory Board (CAB) meeting, the same report for RMLD's layering and laddering approach of procuring power supply was presented. Ms. Pamateau explained that the RMLD needs to procure monthly on peak and monthly off peak, as well as what needs to be procured pending Board approval. This methodology is being used to hedge power supply costs. Ms. Parenteau said that the prices have come down from July 6 to July 28 by approximately $800,000 which is a very attractive time to lock in competitive prices. A year ago, the average cost was $47 per megawatt how for the year period, the energy prices are currently under $38.52, which is representative of the fact the RMLD is accurately timing the market. Mr. Stempeck made a motion seconded by Mr. Hennessy that the RMLD Board of Commissioners authorize the General Manager to execute one or more Power Supply Agreements in accordance with RMLD's Wholesale Power Page 1 2 RMLD RFP for Wholesale Power Supply Supply Plan for power supply purchases for a period not to exceed 2017 through 2020 and in amounts not to exceed 13 megawatts in 2017, 16 megawatts in 2018, 20 megawatts in 2019, and 23 megawatts in 2020, as presented by the Director of Integrated Resources and on the recommendation of the General Manager. Motion carried 4:0:0. Chairman Pacino pointed out that the CAB approved this at its meeting on July 13, 3:0:1. On another matter, Ms. O'Brien said that there was a topic brought up with the CAB relative to the minutes. It is really important that if someone makes a meaningful comment that it goes on record, she asked the CAB if the minutes could be consolidated, not verbatim with being consistent with RMLD's goals of being more efficient. Mr. Pacino pointed out the minutes are not supposed to be transcription, but a summarization of what has been said. The minutes can be amended to add statements. The Board was in agreement. Engineering and Operations Report — May 2016 — Mr. Jaffari (Attachment 2) Mr. Jaffari presented the May report included in the Commissioner packet covering the monthly capital improvement projects, routine construction, routine maintenance, double poles, NJUNS and an update on the reliability reporting. Mr. Jaffari reported that the capital improvement and routine construction projects spending in May was $115,307, bringing the year to date spending to $1,404,284. RMLD has initiated seven preventative maintenance programs to maintain its assets and improve the operating conditions. These programs are: Transformer Replacement: 17.36% of aged padmount transformers and 13.31 % of aged overhead transformers have been replaced, Pole Inspection: 172 poles replaced, 96 transfers have been completed, Visual Inspection of Overhead Lines: 21 circuits inspected to identify potential problems or failures, no problems found, Manhole Inspection: 397 manholes have been Engineering and Operations Report — May 2016 — Mr. Jaffari (Attachment 2) inspected since inception, Porcelain Cutout Replacements: 91% system wide have been replaced with 257 in need of replacement, Tree Trimming: 187 spans year to date totaling 2,461spans trimmed and Substation Maintenance: this is a monthly maintenance program for substations and industrial parks with no hot spots found. Mr. Jaffari reported there are approximately 16,000 poles in all four communities, 50% owned by RMLD and 50% by Verizon The custodial (who maintains the poles) of the poles in Reading is split between RMLD and Verizon, North Reading is RMLD's custodial, and Lyunfreld and Wilmington are Verizon's custodial areas. Refer to the NJUNs report for a more detailed break out of poles: transfers, set, removal and guy installation. On another matter Mr. Talbot asked how RMLD's efforts to shave the peak has turned out, with the public's response is there any measures on that because there have been many warm days. Ms. Pammem said that it is too Engineering and Operations Report — May 2016 — Mr. Jaffari (Attachment 2) early to say, ISO's preliminary peak occurred at 18:00 July 22 at approximately 24,000 megawatts. Ms. Parenteau stated that is as of right now. The reliability indices for SAIDI, GAIDI and SAIFI are well below the regional and national average. The outage causes were 26% equipment, 44% trees and 20% wildlife. Financial Report — May 2016 — Ms. Markiewicz (Attachment 3) Ms. Markiewicz presented the May financial report included in the Commissioner packet. Ms. Markiewicz said that the Net Income was $332,716, increasing year to date Net Income to $3.9 million. The year to date budgeted Net Income was $2.5 million resulting in Net Income being over budget $1.4 million or 55%. Year to date Base Revenues exceeded the budgeted amount by $189,000 or under 1%. Actual Base Revenues $21.3 million compared to the budgeted amount of $21.1 million. Year to date Purchase Power Base Expense was over budget by $1.3 million or 4.9%. Actual Purchase Power Base cost was $28.2 million, the budgeted amount is $26.9 million. Purchase Power Fuel Expense was under budget by $1.6 million. The actual Purchase Power Fuel cost was $29.9 million, the budgeted amount is $31.5 million. The Operating and Maintenance expenses were under budget by $739,000 or 5.5%. The Operating and Maintenance expenses were $12.6 million, the budgeted amount $13.3 million. Page 1 3 Financial Report—May 2016—Ms. Markiewicz (Attachment 3) Cash is at $38.3 million, Operating Fond $15.1 million, Capital Fund $4.5 million, Rate Stabilization Fund $6.8 million, Deferred Fuel $5.1 million and the Energy Conservation Fund $781,734. Year to data kilowatt how sales 618 million kilowatt hours which is 15.7 million kilowatt hours, 2.48% less than last year's actual figures. Mr. Hennessy commented that RMLD is doing well. Ms. Markiewicz said that is due to the fact there have not been any major significant events such as storms or major oil spills. Chairman Pacino asked about the status of the audit. Ms. Markiewicz explained that the audit process is ongoing with the auditors coming in the week of August 8 with Mr. Fournier also assisting. RMLD Procurement Requests Requiring Board Approval (Attachment 4) RFP 2016-24 Distributed Generation Mr. Jaffari reported that this project was rebid and the bid has provided a cost savings of $300,000. The RMLD will be taking the optional seven-year warrantee for parts and labor, the maintenance will be paid separately. The payback is five to seven years. Mr. Stempeck made a motion seconded by Mr. tHenuessy that bid 2016-24 Distributed Generation be awarded to Milton CAT as the lowest responsive and responsible bidder on the recommendation of the General Manager for a total cost of $2,008,538.00. Motion carried 4:0:0. IFP 2017-02 IkV Padmounted Switchgear Mr. Stempeck made a motion seconded by Mr. Hennessy Move that bid 2017-02 for 15kV Padmounted Switchgear be awarded to Trayer Engineering Corp. as the lowest responsive and responsible bidder on the recommendation of the General Manager for a total cost of $226,100.00. Motion carried 4:0:0. IFP 2017-03 S&C SCADA-Mate CX Switch Mr. Stempeck made a motion seconded by Mr. Hennessy Move that bid 2017-03 for S&C SCADA-Mate CX Switch be awarded to WESCO as the lowest responsive and responsible bidder on the recommendation of the General Manager for a total cost of $114,720.00. Motion carried 4:0:0. IFP 2017-04 S&C Intel6Rupter Pulse Closer Mr. Stempeck made a motion seconded by Mr. Hennessy that bid 2017-04 for S&C IntelliRupter Pulse Closer be awarded to WESCO as the lowest responsive and responsible bidder on the recommendation of the General Manager for a total cost of $73,940.00. Motion carried 4:0:0. IFB 2017-05 Hourly Rates for Professional Manpower, Vehicles, Trade Tools, and Equipment for Underground Electrical Distribution Construction and Maintenance Mr. Stempeck made a motion seconded by Mr. Hennessy that bid 2017-05 for Hourly Rates for Professional Manpower, Vehicles, Trade Tools, and Equipment for Underground Electrical Distribution Construction and Maintenance be awarded to McDonald Electrical Corporation as the lowest responsible and eligible bidder on the recommendation of the General Manager. Motion carried 4:0:0. IFP 2017-06 Cooper Power System or Compatible Meters and Equipment for AMI Mesh Network System Expansion and Mitigation Mr. Stempeck made a motion seconded by Mr. Hennessy that bid 2017-06 for Cooper Power System or Compatible Meters and Equipment for the AMI Mesh Network System Expansion and Migration be awarded to Eaton as the lowest responsive and responsible bidder on the recommendation of the General Manager for a total cost of $119,531.76. Motion carried 4:0:0. IFB 2017-08 Bus Insulation at Station 5 Mr. Stempeck made a motion seconded by Mr. Hennessy that bid 2017-08 for Bus Insulation at Substation 5 be awarded to Powerline Contractors, Inc. as the lowest responsible and eligible bidder on the recommendation of the General Manager for a total cost of $57,332.00. Motion carried 4:0:0. Page 1 4 General Discussion There was none. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED E -Mail responses to Account Payable/Payroll Questions Rate Comparisons, June and July 2016 RMLD Board Meetings Thursday, September 29, 2016 Thursday, October 27, 2016 RMLD Board Policy Committee Meeting To be detemdned, early September timeframe. Fiber Optic Committee Meeting To be determined, early September timeframe CAB Meetings Wednesday, September 14, 2016, Commissioner Hennessy Will attend this meeting Executive Session At 8:08 p.m. Mr. Stempeck made a motion seconded by Mr. Hennessy that the Bored go into Executive Session to approve the Executive Session Meeting minutes of March 31, 2016 and to discuss strategy with respect to collective bargaining and return to Regular Session for the sole purpose of adjoummem. Chairman Patina called for a poll of the vote: Mr. Hennessy; Aye; Chairman Pacino, Aye; Mr. Stempeck, Aye; and Mr. Talbot, Aye. Motion carried 4:0:0. Adjournment At 9:18 p.m. Mr. Stempeck made a motion seconded by Mr. Hennessy to adjourn the Regular Session. Motion carried 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. David Hennessy, Secretary Pro Tem RMLD Board of Commissioners Page 1 5 Es tm !'I N Ol �o 'O O - O c � 0 N ro I V) 1" 0 N Op Y L C LE) r -'I N O �+ N O u v � a c (0 N 3 v c Q) z L i� 01 Ln O O Ln 0 I 00 N O O O in I v Y L O 'p _ O C L 0 V)Z L m N U � m Z O aj L � 2 y O (n C w E N vii I 00 N O O O in I To: Coleen O'Brien% From: !`i (Maureen McHugh, Jane Par6teau Date: July 13, 2016 Subject: Purchase Power S1mlmary- May, 2016 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of May, 2016. ENERGY The RMIA's total metered load for the month was 54,323,179 kWh., which is a 7.79% decrease from the May, 2015 figures. Table 1 is a breakdown by source of the energy purchases. Table 7 'Poppenill, Woronoc s,InClan M~,, rumor FNlAColllns, Wonar,Hoiery Mills, Summit Hydro Amount of Cost of % of Total Total S Sana Resource Energy Energy Energy Costs % (kWh) ($IMw ) Millstone #3 1,632,287 $6,71 2.98% $10,953 0.56% Seabrook 5,811,390 $6.32 10.83% 537,360 1.92% Storrybrook Intermediate 294,840 $120.85 0.51% $35,632 1.83% Shell Energy 9,086,400 $63.50 16.64% $576,979 28.87% WPA 2,861,732 54.92 5.24% $14,080 a. ISO Interchange 8,007,420 $22.80 14.67% $182,515 9.38% NEMA Congesaon 0 $0.00 0.50% -$254,771 -13.10% Coop Resales 17,884 $126.70 0.03% $2.266 0.12% BP Ener 8,038,100 $46.90 14.72% $376,907 19.38% Hydro Protects' 3.520.132 $86.26 6.45% $310,685 15.87% Braintree Watson Unit 605,872 $51.99 1.11% $31,502 1.62% SaddlaDack/Jeicho Wind 1,502,261 S99.79 2.75% $149,912 7.71% One Burlington Solar 262.325 $70.00 0.48% $15,363 0.94% Eselon 12,805,200 $34.28 23.45% 50.18.925 22.57% Storybook Peaking 57,1138 $235.22 0.11% $13,588 0.70% Monthly Total 54.801,915 $35.62 100.00% $1,944,922 100.00% 'Poppenill, Woronoc s,InClan M~,, rumor FNlAColllns, Wonar,Hoiery Mills, Summit Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of May, 2016. MAY 2016 ENERGY BY RESOURCE • Exelon, • Saddleback 1.77% • BELD, 1.119 • Hydro Projec 6.48% Stonybruok Jericho Wind, 0.99% Peaking, 0.11% • One Burlington Millstone #3,3.00% Solar, 0.48% nybrook mediate, ).S4% Table 2 Amount Cost %of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 7,010,719 $28.33 12.84% Settlement RT Net Energy" 998,701 $14.23 1.83% Settlement ISO Interchange 8,007,420 $22.80 14.67% (subtotal) ' Independent System Operator Day -Ahead Locational Marginal Pam " Real Time Net Energy MAY 2016 ENERGY BY RESOURCE • Exelon, • Saddleback 1.77% • BELD, 1.119 • Hydro Projec 6.48% Stonybruok Jericho Wind, 0.99% Peaking, 0.11% • One Burlington Millstone #3,3.00% Solar, 0.48% nybrook mediate, ).S4% CAPACITY The RMLD hit a demand of 120,445 kW, which occurred on May 31, at 6 pm. The RMLD's monthly UCAP requirement for May, 2016 was 224,094 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 source Mqunl(kWa) Cost({BtVKmonth) Total Coati %of Total Coat Malone #3 4,950 30.84 $152,663 9.86% Seabrook 7,910 38.53 $304,789 19.68% Stonybroolc Peaking 24,981 1.93 $48,181 3.11% Stonybrook CC 42,925 7.08 $303,870 19.82% NYPA 4,019 4.19 $16,834 1.09% Hydro Quebec 0 0 518,855 1.09% Ne#era 60,000 5.90 $354,000 22.85% Brairro ee Watson line 10,520 12.02 $128,431 8.16% ISO -NE Supply Auction e6,787 3.38 $225,462 14.55% Hydro Projects 2,002 0.00 $0 0.00% Total 224,094 $6.91 $1,549,0&5 100.00% Table 4 shows the dollar amounts for energy and capacity per source Table Cwt of % of Amt of Energy Poww Resource Energy capacity Total cost Total Cost (kWh) (S/kWh) Millsione to $10,953 $152.663 $10.615 4.68% 1,632,287 0.1002 Seabrook 537,360 $304.789 $342,149 9.79% 5,911,394 0.0579 Sionybrook Intermediate $35,632 SW3.870 $339,503 9.72% 294,840 1.1515 Hydro Quebec 50 $16,855 $16.855 0.48% - 0.0000 Shell Energy $578,978 50 5576,979 16.51% 9,080,400 0.0635 HeatEra 60 $354,000 5354,000 10.13% - 0.0000 a NYPA $14,080 - $18,834 530,914 0.88% 2.861,732 0.0108 ISO Interchange 5182,548 $225.462 5408,010 11.68% 8,007,420 0.0510 Nem. Congestion 5254,777 $0 5254,777 .7.29% - 0.0000 BP Energy $376,907 $0 5376,907 10.79% 8,036,400 0.0489 4 Hydro Projects $310.685 $0 5310,685 8.88% 3,520,132 0.0883 Braintree Watson Unit 531,502 $128,431 $157,933 4.52% 80.5.872 0.2007 a SadMabxk/JMcho $149,912 $0 $149,912 4.29% 1,502,261 0.0198 One 6olbgton Solar $18.363 50 $18,363 0.53% 262,325 0.0700 Coop Resales $2,266 $0 $2,266 O.W% 17,ee4 0.1267 Exam Ernrgy 008,925 $0 $438,925 12.56% 12,605,200 0.(00.1 Storybook Peaking $13,588 $48,181 $61,769 1.77% 57,768 1.0093 Monthly Total $1,944,922 $1,549,065 $3,494,(07 100.0096 50.W1,915 0.0640 4 R.newable R.eources 14.92% RENEWABLE ENERGY CERTIFICATES (RECs) Current Month Last Month Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through May 2016, as well as their estimated market value. Table 5 93,804 RECs Summary Ener9y(kWh) Period - January 2016 - May 2016 50,971,493 Banked Projected Total Est. RECs RECs RECs Dollars Worenoco 1,076 5,030 6,106 $152,650 Pepperell 714 3,004 3,716 $92,950 Indian giver 690 1474 2,164 $54,100 Turners Falls 1,377 1,251 2,628 $0 Saddleback 4,348 6,694 11,042 $276,050 hrkbo 0 3,817 3,817 $95,425 Sub tote I , Rni$ok $0 0 $0 Grand Total 8,205 21,270 29,475 $671,175 4RMLD sold 18,640 RECs for a total of $695,538.25 in calendar year 2015 TRANSMISSION The RMLD's total transmission costs for the month of May, 2016 were $865,693. This is a decrease of 3.73% from the April transmission cost of $834,561. In May, 2015 the transmission costs were $613,139. Table 6 Current Month Last Month last Year Peak Demand(i,W) 120,40.5 93,804 13a,424 Ener9y(kWh) 54,601,915 50,971,493 58,248,608 Energy ($) $1,944,922 $2,149,376 $2,012,239 Capacity ($) $1,549,085 $1,457,057 $1.547,092 Transmission($) $865,693 $81 $613,139 Total $4,359,700 $4,440,985 $4,172,470 � „, I,,, §A i �g, ` ;|' ;§ ;§ ^;§� -------- ......... , || I||||||||g �'.....�. � 51 I-, ..:...Z.!! �|- A191A 9l i9 ,: §■•�,§`§`, ■ ■■,,,9 _ !�- || . ._ ||- §�§§§§ �. � \..\.. 6, ;§ ;§ ^;§� -------- 6, READING MUNICIPAL LIGHT DEPARTMENT To: Coteen O'Brien Date: July 6, 2016 From: Jane Parentea i4 William Seldon L Subject: 2016 Request For Proposals (RFP) Wholesale Power Supply Reading Municipal Light Department (RMLD) will be going out with an RPP for Power Supply for the period January 2017 - December 2020. The attached table shows_ the monthly maximum amounts of energy, in kW, the RMLD is planning to purchase for 2017 through 2020. This table reflects a laddering and layering approach that the RMLD is utilizing. Using this approach, RMLD purchases 25% of the projected energy requirement on a monthly basis for the next four years. The first two lines show the year and month in the planning period. Lines labeled (1) reflect the On Peak Energy Entitlements (kW) and Off Peak Energy Entitlements (kW) that were purchased from Exelon, and BP Energy and Shell in the 2012, 2013 and 2014 RFPs. Lines labeled (2) show the maximum amount of monthly kWs that the RMLD is planning to purchase in the 2016 RFP. These amounts are the hourly amount of energy which translate into kWhs by summing the On Peak periods (Hours 08 - Hours 23) and Off Peak periods (Hours 01-07, 24, including all day Saturday and Sunday). Lines labeled (3) indicate the Future On Peak and Off Peak Purchase which will be included in subsequent RFPs. Lines labeled (4) show the Total Requirement On Peak and Off Peak which sums the amount of power supply either purchased, proposed to be purchased before the end of 2016, and possible future procurements. It should also be noted that the Total Requirement assumes an average 25% annual open position in the ISO - NE Spot Market. The total amount of energy for the 48 month period from January 2017 through December 2020 represents approximately 270,300 Mwhs and, based on today's indicative pricing would result in contracts having a value of approximately $11.2 million which is equivalent to approximately $41.42/Mwh. The Integrated Resources Division (IRD) will continue monitoring the forward energy prices as well as the NYMEX Natural Gas futures. The NYMEX Natural Gas futures for the balance of calendar year 2016 and beyond are projected to be in the low to mid $3.00 range through 2020. Per the IIID strategy, the RMLD will continue to monitor the markets and procure RMLD's energy needs through the RFP process for the period 2016 - 2020 as reflected in the attached table. RMLD intends to request indicative pricing for Fixed, Heat Rate (HR) Index and basis products from the following suppliers, Nextera, PSEG, Merrill Lynch, Morgan Stanley, J P Morgan, Dominion, Shell, PPL, Macquarie, Exelon, Hydro Quebec US, BP, Dynergy and Boston Energy Trading. These entities have recently been contacted by other municipals for pricing or have produced indicative pricing in the past. After receiving the indicative quotes from the suppliers, IIID will analyze the pricing and short list those entities which best fit RMLD's requirements. RMLD will negotiate contracts with the short listed entities. A contract matrix will be developed which will include the various provisions in each supplier's contract as well as overall pricing. Along with the General Manager, IRD will analyze final pricing and select one or more suppliers. The Board of Commissioners and CAB will be updated on the results of the RFP „ !I I \ �2§:R "§ 5 !"/ 2 X52 R •"# 9 »Sa:R t \ !R§15 : ■! .. (} !! ! !! !! !! �5R 2 !§§ § `RR,3 152 # �RE9 �&e 5 ! !! !! || �eqR ! !! !! || X888 q qRq �§R/§ •| !e } g)§§\ -- „ !I \ �"\ "§ 5 !"/ 2 •"# 9 t \ : ■! .. (} !! \ !q& !§§ § `RR,3 �RE9 ! !! !! || ! !! !! || X888 q qRq •| !e } g)§§\ -- „ !I T i■' Ri A i r: I ■ LO 10 10 00 00 LO m 00 C15 co cli 01: c )cm § LO r m LO m LO ) ) ` } / ® \ \ / \( \ � \ \ A) r 2 y ) � \ \ E/r — f *0 \ � }±7 - 9/! ; }}0cow \ e = z!° o!: § . 0 <2% / E _®- 3 ;j0 a ' � -(D LO 10 oE oD C15 I c )cm § LO r m LO m LO ) ) \ / A\ 7 oE oD c )cm § 0 r / ) ) \ / \( \ �o ol P O b4 -64 64 O1E 0 LL p v o cl F Nd3o�`� `o E N �E E t „ �wEc 3'o U c c3 c O U - (D c 2 E 0O , 0f0' 0 O U O c 'N 0 O oYE Cl O Q7 D 01 N Q O7 "' U Q7 7 T IS N �- a O Y O— 7 N L CO EE Q) > O OO a 0 a d N= d� iN =) Q< o \ b� ra F�1 T � a a - C3 v O Q C > 0 C a > Q C E t o C — OO LO Z C � 3 ; a li R I 5 8 8 8. 8 8 8. 8 8 F R 8 d Q 4 r • P 6/27/2016 10:53 AM READING MUNICIPAL LIGHT DEPARTMENT FY 15 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING MAY 31, 2016 NEW CUSTOMER SERVICES: Naw Sewice Installations (Commercial / Industrial) New Service Insiallations (Residential) SUB -TOTAL ROUTINE CONSTRUCTION 114 Routine Constmction ALL 34,000 34,000 ALL 9,675 123,334 164,000 40,666 9,675 123,334 198,000 74,666 ALL 115,308 1404285 1000000 (404,285) SPECIAL PROJECTS I CAPITAL PURCHASES' ACTUAL 100 Distributed Generation ALL COST YTD ANNUAL REMAINING PROJ DESCRIPTION TOWN MAY ADDITIONS BUDGET BALANCE 114 CONSTRUCTION: ALL 9,013 15,000 5,987 101 5639 Recenductoring- Baliardvale Area W 100,000 100,000 102 Pole Line Upgrade - Lowell SolW W 38,492 162,671 113,000 (49,671) 104 Upgrade Old Lyr ld Center UROs (Cook's Farm) LC 27,806 268,045 42,000 (228,045) 105 4W54M Tie R 107,111 - (107,111) 106 URO Upgrades ALL 8,645 4,885 340.00 335,115 107 Ste".n Area Upgrades ALL 3,076 42,657 352,000 309,343 110 Pole Line Upgrade - Woburn Street,W w 79,094 523,992 91,000 91,000 212 Force A=unt West Street R 139,932 150,000 10,088 SUB -TOTAL 69,374 726,301 1,188.00 482,899 STATION UPGRADES: 96 Station 4 (GAW) Back-up Generator R 49,290 107,000 57,710 108 Station 4IGAW) Relay Replacement Project R 45,163 69,838 73,000 3,162 109 Station 4 (GAR Transformer Replacement R 41,000 41,000 Ill Station Equipment Upgrade (all) ALL 110,233 254,000 143,767 112 Station 4 (GAN) SwitchgearBreaker Replacement R _ 583,409 506,000 (75,409) 113 Station 4(GAW) Battery Bank Upgrade R 10,515 57,000 57,000 130 Station 3- Remote Terminal Unit( RTU) Replacement NR 29,090 94.00 94,000 121 SUB -TOTAL R 45,163 812,770 1,1341000 321,230 NEW CUSTOMER SERVICES: Naw Sewice Installations (Commercial / Industrial) New Service Insiallations (Residential) SUB -TOTAL ROUTINE CONSTRUCTION 114 Routine Constmction ALL 34,000 34,000 ALL 9,675 123,334 164,000 40,666 9,675 123,334 198,000 74,666 ALL 115,308 1404285 1000000 (404,285) TOTAL CAPITAL BUDGET SPECIAL PROJECTS I CAPITAL PURCHASES' 100 Distributed Generation ALL 3,000 27,020 $164,000 2,136,980 103 Distribution Protection and Automation ALL 433 111,067 70,000 (41,067) 114 Fiber Optic Test Equipment ALL 9,013 15,000 5,987 115 Fault Indicators ALL 50,000 50,000 116 Transformers and Capacitors ALL 36,555 612,801 668,000 55,099 117 Meter Purchases (including "500 Club") ALL 150,177 219,000 68,823 122 Engineering Analysis Spill and Data Conversion ALL 73,250 73,000 (250) 125 GIS ALL 8,645 13,835 420,000 406165 128 Communication Equipment (Fiber Optic) ALL 17,202 91 80,798 131 LED Street Light Implementation ALL 79,094 523,992 1,200,000 676,008 134 Substation Test Equipment ALL 51,540 100,000 45,460 SUBTOTAL 127,727 1,589,997 6,077,000 3,487,005 OTHER CAPITAL PROJECTS 95 230 Ash St Building R 80,000 Ill 97 HVAC Root Units - Garage R 50,000 50,000 98 IRD hardware ALL 10.00 10,000 99 Electric Vehicle Supply Equipment ALL 50,000 50,000 118 Rolling Stock Replacement ALL 407,887 448,000 40,113 119 Security Upgrades All Sites ALL 10,515 54000 39,486 120 Great Plains l Cogsdale Upgrade ALL 29,090 127,000 97,910 121 HVAC System Upgrade -230 Ash Street R 571,906 63,000 28,094 123 Oil Containment Faciiiry ConatmW.n ALL 47,835 59,000 11,165 127 Hardware Upgrades ALL 4,440 75,873 152,000 76,127 128 Software and Licensing ALL 81,968 172,000 90,033 129 Master Facilities Site Plan R 15,000 150,000 138 Voltage Data Recorders ALL W,000 50,00) SUB -TOTAL 4,440 1225073 1998000 712,92] TOTAL CAPITAL BUDGET F— rv0000 m W Of 0 N m Q W 0 �o N rj M W' N N M a Q m N Q tD N IY1 S M N q � n N c M N N 'I m ry w o N .moi e � ry N N F N n m W lD � O m Y O CO V a W O E 10 .i M N O m o W m Z O] n m O n v IC IR NOW.M. 4 M n � o m ll� 8 N n a I m a a� m Z w> u a(> a a z 0 � Q O O O 00 00 0 O 0 C O 0 0 O O 0 0 0 N N N r-4 N N Em L W y� a a Z LU WEA W H LU D a " EA a a V � K D a W H Q x W V m C LL �G W Mo m L CL u 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 W W n O M M W rO d W 0 Oal n OI n N N O M N r CO p` a r y m m ry m voi o r m °q o m m m m o o n e m N o o v LL > a' o z L 0 0 G_o m a E N `? a c ^ 3 � O m o O 01 N Y O O n a X ao V y > £ > o0 L 0 0 FINANCIAL REPORT MAY 3112016 ISSUE DATE: JULY 6, 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 HEADING, IASSACHUSETTS HUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATE!@NT OF NET ASSETS 5/31/16 PREVIOUS YEAR CURRENT YEAR (SCH A P.9) 9,405,133.55 15,139,870.95 (SCH A P.9) 22,942,840.80 21,971,355.14 (SCH A P.9) 1,292,906.26 61 1,284,661.45 (SCH H P.10) 9,189,137.52 8,305,484.21 2,918,870.73 (SCH B P.10) 1,818,316.27 2.918 870 910,000.97 (SCH H P.10) 0.00 1,547,815.00 101].50 1,662,933.40 1,584,320.51 107 32 _ 46.311 275 8050.]42 908 23 (SCH C P.2) 26,993.75 26,993.75 (SCH C' P.2) 69,715,489.17 72,181,095.95 69.]42 482 92 _ ]2.208 089 i0 LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS WEIDNER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES NONCURRENT ACCRUED EH4LOYEE CONPENEATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT RESTRICTED FDR DEPRECIATION FUND (P. 9) UNRESTRICTED TOTAL NET ASSETS (P.3) 116 053.758.72122.950.997.93 6,166,183.69 9,462,683.96 849,517.02 .886,810.03 768,882.48 1,068,525.55 35,333.18 62 3,050,599.85 61 7,819,916.37 _ 14.416 619 39 2,918,870.73 3,070,487.93 2.918 870 733.070 487 93 101].50 10.738 787 107 32 69,715,489.17 72,181,095.95 5,691,478.73 4,595,004.37 29,908,003.72 28,627,790.29 ----105.314 9]1 62 105.403 090 61 TOTAL LIABILITIES AND NET ASSETS 116,053.758.72 122.950.991.93 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 5/31/16 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES PREVIOUS YEAR NEW ENGLAND HYDRO ELECTRIC 21975.74 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 6,367,468.38 EQUIPMENT AND FURNISHINGS 12,565,774.17 INFRASTRUCTURE 49.516.409 39 TOTAL CAPITAL ASSETS, NET 69.715 489.17 TOTAL NONCURRENT ASSETS 69.>92 982 92 121 SCHEDULE C CURRENT YEAR 2,975.74 24,018.01 26.993 75 1,265,842.23 7,469,228.73 12,524,228.54 50_,921,796.45 ]2 181,095.95 72 20_r 7070 TORN OF HEADING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTNENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 5/31/16 OPERATING REVENUES: (SCH D P.11) BASE REVENUE NEL REVENUE PURCHASED PONER CAPACITY NRSEITEO DISCOUNTS ENERGY CONSERVATION REVENUE NYPA CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCE E P. 12) PURCHASED POKER CAPACITY PURCHASED PONEA TRANSMISSION PURCHASED PURER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOMN9 TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST FEWER ON INVESTMENT TO HEADING INTEREST INCOME INTEREST EXPENSE OTHER (NESE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY MONTH NONTH LAST YEAR CONSENT YEAR YTD B LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 1,582,056.]] 1,591,263.85 3,136.54 19,718,591.36 173,464.84 21,293,692.09 139,877.79 7.998 -19.36% 2,954,806.93 (194,405.26) 2,356,620.39 31,68],066.]6 31,030,618.91 -2.078 2,140,989.70 2,499,960.26 26,857,018.39 13,612.50 28,701,975.75 117,923.16 6.878 127,144.18 36,859.32 7.828 55,348.68 ]4],552.25 729,265.53 -2.458 52,448.28 48,874.22 620,627.19 612,529.56 14,932.98 -1.308 451,107.53 (129.361.54) 366,921.13 (94.3]4.91) -18.228 (957.893.04) (58.228.74) (1.084.128 49) 13.188 6,637,799.46 6,447,692.49 70,672,962.91 81,284,013.36 3.328 1,535,658.]] 1,547,456.65 3,136.54 15,808,238.16 173,464.84 17,040,100.53 139,877.79 7.798 -19.36% 608,787.17 (194,405.26) 865,692.96 10,696,2]4.1] 11,24],]53.86 5.168 2,012,238.83 1,944,922.16 29,498,315.64 13,612.50 29,991,363.21 117,923.16 1.718 127,144.18 901,438.44 7.828 925,100.45 10,015,111.34 9,809,579.68 -2.059 263,533.73 219,035.16 2,994,945.13 2,793,438.60 14,932.98 -6.739 451,107.53 321,]88.]9 366,921.13 328,732.65 -18.228 3,539,676.69 (58.228.74) 3,616,059.15 2.168 118.000.00 118.000.00 95) 1.288.754.00 1,286,973.00 -0.148 5,]61,445.]3 5,948,960.03 73,831,315.13 ]5,]85,260.03 2.658 8]6,352.]3 498,752.46 4,841,64].]8 5,498,745.33 13.578 48,362.84 3,136.54 173,464.84 139,877.79 -19.36% (194,405.26) (197,53].08) '(2,138,45].80) (2,172,907.90) 1.618 14,575.72 13,612.50 117,923.16 127,144.18 7.828 (251.55) (181.33) 14,048.05) (2,973.15) -26.35% 73,489.51 14,932.98 451,107.53 366,921.13 -18.228 (58.228.74) (166.036.39) (1.400.010.32) (1.b39.937 95) 9.998 918.123.99 ]32.71fi .O7 (3) 3,441,637.46 3,958,607.38 15.038 101,873,334.16 101,445,083.23 -0.428 105.314.9]1.62 _ 105,403.890.61 0.088 OPERATING EXPENSES: (SCH G 1.121) PGRCHASED POWER - CAPACITY PURCHASED POWER - TRANSMISSION PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLNNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENGES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETDRN ON INVESTMENT TO URGING INTEREST INCOME INTEREST EXPENSE OTHER (MISS AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY • ( ) + ACTUAL CHEER BUDGET 17,040,100.53 TOWN OF READING, MASSACHUSETTS 151605,550.00 1,434,550.53 9.19% MUNICIPAL LIGHT DEPARTMENT 11,34],232.00 (99,478.14) -0.88% BUSINESS -TYPE PROPRIETARY FDND 29,991,363.21 31,5)1,524.00 (1,500,160.79) STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 9,809,579.68 9,950,509.00 5/31/16 (140,929.32) -1.42% 2,793,438.60 ACTUAL BODGET (598,335.40) % E OPERATING REVENUES: (SCH F p.11B( YEAR TO DATE YEAR TO DATE VARIANCE. 00) CHANGE BASE REVENUE 21,293,692.09 21,104,267.00 189,425.09 00 0.90% 00 FUEL REVENUE 31,030,678.91 32,396,524.00 -0.85% X136584509) ,, . _4,22% 76,815,819.00 PCRCRASCD POWER CAPACITY 28,701,975.75 26,952,782.00 1,749,193.75 ' 5,498,745.33 FORFEITED DISCOuxx9 729,265.53 633,130.00 1,440,562.33 96,135.53 35.50% 6.49% ENERGY CONSERVATION REVENUE 612,529.56 612,299,00 23056 15.18% NYPA CREDIT (1 084 128 48) (825.000 00) 1259 128 . 48) 0.04% 31.41% TOTAL OPERATING REVENDES 81,284,013.36 80,874,002.00 410,011.36 0.51% OPERATING EXPENSES: (SCH G 1.121) PGRCHASED POWER - CAPACITY PURCHASED POWER - TRANSMISSION PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLNNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENGES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETDRN ON INVESTMENT TO URGING INTEREST INCOME INTEREST EXPENSE OTHER (MISS AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY • ( ) + ACTUAL CHEER BUDGET 17,040,100.53 151605,550.00 1,434,550.53 9.19% 11,247,753.86 11,34],232.00 (99,478.14) -0.88% 29,991,363.21 31,5)1,524.00 (1,500,160.79) -5.01% 9,809,579.68 9,950,509.00 (140,929.32) -1.42% 2,793,438.60 3,391,774.00 (598,335.40) -17.64% 3,616,059.15 95 3,651,230.00 00) (35,170.85) -0.96% 1.286 973 00 1.298.000 00 (11,027,00) -0.85% 75,785,268.03 76,815,819.00 (1,030,550.97) -1.34% ' 5,498,745.33 4,058,183.00 1,440,562.33 35.50% 139,877.79 200,000.00 )60,122.21) -30.86% (2,172,907.90) (2,172,500.00) (407.90) 0.02% 127,144.18 137,500.00 (10,355.82) -7,53% (2,973.15) (1,925.00) (1,048.15) 54.45% 368,921.13 330,000.00 38,921.13 11.79% tl 539 93l 95 I1,506 925 00) (33 ,012.95) 2.19% 3,958,807.38 2,551,258.00 1,407,549.38 101,445,083.23 101,445,083.23 0.00 105.403 890.61 _ 103.996.341.231.407.549.38 (M) 55.17% 0.00% 1.35% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 5/31/16 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND EALANCE 7/1/15 5,434,307.79 CONSTRUCTION FUND EAI ANC£ 7/1/15 1,400,000.00 INTEREST ON DEPRECIATION FUND FY 16 25,396.00 DEPRECIATION TRANSFER FY 16 _. 3,616,059.15 TOTAL SOURCE OF CAPITAL FUNDS 10,475,762.94 USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU NAY TOTAL USE OF CAPITAL FUNDS 5,880,758.57 GENERAL LEDGER CAPITAL FUNDS BALANCE 5/31/16 4.595.004.37 TOWN OF HEADING, MASSACHSSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 5/31/16 SALES OF ELECTRICITY: MONTH LAST YEAR MONTH CURRENT YEAR LAST YEAR TO DATE CURRENT YEAR TO DATE YTD 4 CHANGE RESIDENTIAL SALES COMM. AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 16,068,609 34,104,361 79,486 15,607,554 30,723,078 91,753 234,873,905 369,470,608 871,497 229,173,421 361,092,206 918,877 -2.43% -2.27% 5.44% TOTAL PRIVATE CONSUMERS 51.052 53fi 46.122.395 605.221 010 591.164.504 -2.32% MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS 236,421 779,330 214,472 729,669 2,652,709 9,006,113 2,483,160 8,529,442 -6.39% -5.29% TOTAL MUNICIPAL, CONSUMERS 1.015.751 911.141 11.658 82211.012.602 -9.54% SALES FOR RESALE 219,381 186,274 3,040,794 2,024,482 -7;11% SCHOOL 1,290,230 1,171,246 14,274,796 13,420,569 -5.98% TOTAL KILOWATT HOOPS BOLD$3 5�_�7 898898 48.724.046 634,198.422fi18 442 157 _2,48% (5( TOWN OF RIADING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NILOWATT BOMB SOLD BY TOWN 5/31/16 RESIDENTIAL 37.06% READING LYNNFIELD NO.RBADING WILMINGTON MONTHTOTAL 11.54% COM 6 IND 58.39% 7.22% RESIDENTIAL 15,607,554 4,882,156 2,089,091 3,524,442 51111,965 0.15% COM c IND 30,]23,0]8 3,923,659 229,2]] 4,481,930 22,088,212 0.07% PVT ST LIGHTS 91,753 18,455 2,792 27,331 43,175 0.05% PDB ET LIGHTS 214,472 71,845 28,145 38,469 76,013 MUNI SLOGS 729,669 185,925 166,706 118,761 258,2]] SALES/RESALE 186,274 186,274 0 0 0 0.00% SCHOOL 1,171,246 388,108 286,260 222,84D 274,038 0.74% TOTAL4B. ]24,046 9.656.422 2802.2]1 8.413;773 27-551580 YEAR TO DATE 100.001 20.691 6.511 18.3]% RESIDENTIAL 229,173,421 72,735,462 32,279,289 52,798,226 71,360,444 COM I IND 361,092,206 44,653,452 2,850,685 55,913,933 257,674,136 PVT ST LIGHTS 918,877 165,627 22,424 281,445 449,381 PGB ST LIGHTS 2,483,160 836,783 326,284 440,729 879,364 5. HUNI SLOGS 8,529,442 2,114,408 1,837,311 1,427,056 3,150,667 SALES/RESALE 2,824,482 2,824,482 0 0 0 SCHOOL 13,420,569 4,588,904 2,963,147 2,718,580 3,149,938 0.04% TOTAL 618.442.15]127.919,11840.2]9.140 PUB ST LIGHTS 113,519.969336,663.930 LAST YEM 0.066% 0.07% 0.15% TO DATE 1.42% 0.391 0.29% 0.24% RESIDENTIAL 234,873,905 73,758,578 33,073,136 54,032,356 74,009,835 COM 4 IND 369,478,608 45,991,518 2,883,684 56,814,433 263,788,973 2.25% PVT ST LIGHTS 871,497 147,282 16,629 272,941 434,645 0.621 PUB ST LIGHTS 2,652,709 891,187 358,881 465,009 937,632 6.48% MUNI BLDGS 9,006,113 2,461,956 1,835,874 1,544,143 3,164,140 BALES/RESALE 3,040,794 3,040,794 0 0 0 SCHOOL 14,274,796 4,806,827 2,979,677 2,523,780 3,964,512 TOTAL 634.198,422 _131,098142 41,14],881115.652.662 34699 py] KILOWATT HOURS SOLD TO TOTAL TOTAL RIADING LYNNFI£LD NO.READING WILMINGTON MONTH RESIDENTIAL 32.03% 10.02% 4.29% 7.23% 10.49% COM 6 IND 63.06% 8.05% 0.47% 9.20% 45.34% PVT ST LIGHTS 0.19% 0.04% 0101% 0.06% 0.08% PUB ST LIGHTS 0.44% 0.15% 0.06% 0.08% 0.15% MUNI SLOGS 1.50% 0.38% 0.34% 0.24% 0.54% SALES/RESALE 0.38% 0.3B% 0.00% 0.00% 0.00% SCHOOL 2.40% 0.80% 0.59% 0.46% 0.55% TOTAL 100.00% 19.82% YEAR TO DATE RESIDENTIAL 37.06% 11.76% 5.22% 8.54% 11.54% COM 6 IND 58.39% 7.22% 0.46% 9.04% 41.67% PVT ST LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% PUB BY LIGHTS 0.40% 0.14% 0.05% 0.07% 0.148 HUNI BLDGS 1.38% 0.34% 0.30% 0.23% 0.51% SALES/RESALE 0.46% 0.46% 0.00% 0.00% 0.00% SCHOOL 2.16% 0.74% 0.48% 0.44% 0.50% TOTAL 100.001 20.691 6.511 18.3]% 54.43% LAST YEM TO DATE RESIDENTIAL 37.03% 11.63% 5. 8.52% 1.67% 4 ING 58.26% 7.251 0.45%45% 8.96% 91.60% 4 PCOMVT PVT ST LIGHTS 0.14% 0.02% 0.0% 0.04% 0.08% PUB ST LIGHTS 0.42% 0.141 0.066% 0.07% 0.15% MUNI SLOGS 1.42% 0.391 0.29% 0.24% 0.50% SALES/RESALE 0.49% 0.481 0.00% 0.00% 0.00% SCHOOL 2.25% 0.761 0.971 0.401 0.621 TOTAL 100.004 20.671 6.48% 18.23% 54.62% TONS OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCA@ 5/31/16 TOTAL OPERATING RDVENUES ADD: POLE RENTAL LESS: (P.3) 81,284,013.36 INTEREST INCOME ON CUSTOMER DEPOSITS OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 0.00 4,962.77 (75,785,268.03) 12,973.15) 5.500.734.95 SALE OF K (P. S) WH PURCHASED AVE EASE COST PER EWH AVE EASE SALE PER RWH AVE COST PER RWM AVE SALE PER RWH FUEL CHARGE REVENUE (P,3) LOAD FACTOR PEA( LOAD TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 5/31/16 MONTH OF HAY 2015 53,577,899 58,248,608 0.026364 0.029528 0.060910 0.084678 2,954,806.93 57.64% 138,424 MONTH OF % CHANGE YEAR THRU MAY 2016 2015 2016 MAY 2015 MAY 2016 48,724,046 0.21% -2.48* 634,198,422 618,442,157 54,601,915 -1.88% -0.12% 645,615,652 644,901,43B 0.028341 -38.20% 7.92% 0.024483 0.026423 0.032659 -53.64% 10.74% 0.031092 0.034431 0.063961 -17.60% 3.95% 0.070154 0.072928 0.081025 -29.78% 4.38% 0.081056 0.084607 2,356,620.39 3.71% -2.07% 31,681,066.76 31,030,678.91 62.10% 120,445 i TOWN OF READING, MASSACHUSETTS MUNrCIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 5/31/16 SCHEDULE A RESTRICTED CASH CASH - DEPRECIATION F= PREVIOUS YEAR CURRENT YEAR UNRESTRICTED CASH CASH - TOW PAYMENT 1,562,026.25 CASH - OPERATING FUND 9,402,133.55 CASH - DEFERRED EVEL RESERVE 15,136,870.95 CASH - PETTY CASH 3,000.00 CASH - RATE STABILIZATION EUND 3,000.00 TOTAL UNRESTRICTED CASH 99 O5,133'S5 CASH - UNCOLLECTIBLE ACCTS RESERVE 15.139.8]0.95 RESTRICTED CASH CASH - DEPRECIATION F= 5,691,4]8.]3 4,595,004.37 CASH - TOW PAYMENT 1,562,026.25 1,5]],685.00 CASH - DEFERRED EVEL RESERVE 5,373,553.D4 5,135,472.37 CASH - RATE STABILIZATION EUND 6,766,601.04 61818,080.78 CASH - UNCOLLECTIBLE ACCTS RESERVE 200,000.00 200,000.00 CASH - SICK LEAVE BENEFITS 1,]24,]81.24 1,826,559.88 CASH - HAZARD WASTE RESERVE 150,000.00 1501000.00 CASH - CUSTOMER DEPOSITS 849,517.02 886,810.03 CASH - ENERGY CONSERVATION 624,B90.68 781,734.71 TOTAL RESTRICTED CASH 22 942 048 BO 21.9]1 355 14 INVESTMENTS SICK LEAVE BUYBACK 1 28,061,45 1,292,906.26- TOTAL CASH BALANCE33.640 61 30.395 257 008 54 M TOWN OF HEADING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 5/31/16 SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL ACCOUNTS RECEIVABLE - OTHER ACCOUNTS RECEIVABLE - LIENS ACCOUNTS RECEIVABLE - EMELOYEE 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 MAY 2016: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL SCHEDULE B PREVIOUS YEAR CURRENT YEAR 3,940,975.95 576,560.20 2,564,869.93 (365,680.89) 146,438.46 307,572.50 954,196.47 307,572.50 28,019.51 370,449.79 19,398.28 345,285.32 892.14 12,700.11 543.53 14,870.06 (247,742.34) 1,818,316.27 (140,647.87) 910 000 (301.715.48) (259,226,08) 3,566,668.24 3,139,134.26 5,622,269.28 5,166,349.95 9,189.137.526.305,484.21 551,033.67 607,953.98 576,560.20 (365,680.89) 307,572.50 307,572.50 370,449.79 345,285.32 12,700.11 14,870.06 1,818,316.27 910 000 97 0.00 .547815 00 2,564,869.93 (140 647 871 2.424 222 O6 1,945,316.46 80.24% 325,087.34 13.41% 94,530.21 3.90% 20,749.34 0.86% 38.538.71 1.59% 2,424.222,06 100.00% TOWN OF READING, HASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 5/31/16 IMI SCHEDULE D SALES OF ELECTRICITY: HONTH LAST YEAR NOME CURRENT YEAR LAST YEAR TO DATE CURRENT YEAR TO DATE ITO 6 CHANGE RESIDENTIAL SALES CONN AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 1,701,387.75 2,625,351.65 9,948.97 1,533,538.39 2,212,201.17 10,640.50 22,365,007.77 26,668,770.57 104,258.05 22,]]2,659.31 27,209,368.69 113,808.23 1.82% 2.03% 9.16% TOTAL PRIVATE CONSUMERS 4.336.688.37 3.156.450 06 49.138.036 39 50.095.836 23 1.95% NJUICIPAL BALES: STREET LIGHTING MUNICIPAL BUILDINGS 10,1]1.]9 65,779.19 24,722.86 60,166.45 213,333.33 711,819.24 201,988.97 704,184.18 -5.32% -1.07% TOTAL MUNICIPAL CONSUMERS 75.950.98 84.889 31 925.152 57 906 1]3 15 -2.05% SALES FOR RESALE 19,721.40 16,003.99 259,342.84 247,048.56 -4.74% SCHOOL 104,502.95 90,540.88 1,083,126.32 1,075,313.06 -0.72% SUE -TOTAL 4,536,863.70 3,947,884.24 51,405,658.12 52,324,371.00 1.79% FORFEITED DISCOUNTS 36,859.32 55,348.68 747,552.25 729,265.53 -2.45% PURCHASED POWER CAPACITY 2,140,988.70 2,489,960.26 26,857,018.39 28,]01,975.]5 6.67% ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - CONRCIAL 16,878.76 35,569.52 15,612.76 33,261.46 235,029.93 385,597.26 229,306.99 383,222.57 -2.43% -0.62% NYPA CREDIT (129,361.54) (94,374.91) (957,893.04) (1,084,128.48) 13.18% TOTAL REVENUE 3.32% 6.637.798.4666 417692.49692.4978,6)2.962.91 RS 284 013 36 IMI TORSI OF READING, NAS SACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVEN BY TONN 5/31/16 RESIDENTIAL TOTAL REING AD READING NO.READING LYNNFIELD MONTH NO.READING WILMINGTON MONTH INDUS/MUNI BLDG 27,913,552.87 3,8]3,48].65 407,046.33 38.84% 4,459,570.39 12.29% RESIDENTIAL 1,533,538.39 PUB. ST.LIGHTS 485,091.45 12.60 203,716.59 INDUS/MINI HLGG 345,435.66 499,294.69 INDUS/MINI BLDG 2,2]2,43].62 PRV.ST.LIGHTS 330,189.54 34,091.49 0.63% 354,884.80 0.21% 1,553,2]1.]9 0.08% PUB.ST.LIGHTS 24,722.86 CO-OP RESALE 8,261.40 PRV.ST.LIGHTS 3,236.38 4,453.92 81771.16 0.09% PRV.ST.LIGHTS 10,640.50 SCHOOL 1,8]1.]6 0.41% 264.16 0.41% 3,364.62 0.00% 5,139.96 CO-OP RESALE 16,003.99 TOTAL52.324.3]1.00 16,003.99 0.00 00 0.00 35 0.00 0.52% SCHOOL 90,540.88 100.00% 30,680.93 22. 20,852.18 18,015.70 20,992.07 TOTAL 3.94] 884 24 872 099 0]262.160.80726 154.]0 THIS YEAR TO DATE RESIDENTIAL 22,365,00].]7 7,058,690.70 3,130,113.83 RESIDENTIAL 5,134,231.79 THIS YEAR TO DATE INDUS/MUNI BLDG 27,380,589.81 3,8]],243.07 387,730.56 53.341 4,422,686.28 7.40% RESIDENTIAL 22,]]2,659.31 REING AD 7,276,944.28 NO.READING 3,181,714.23 MONTH 5,232,643.52 ],081,35].28 INDUS/MUNI BLDG 27,913,552.87 3,8]3,48].65 407,046.33 38.84% 4,459,570.39 12.29% 19,173,448.30 5.16% PUB. ST.LIGHTS 201,988.97 12.60 68,178.06 INDUS/MINI HLGG 26,167.62 36,310.33 71,332.96 8.991 PRV.ST.LIGHTS 113,808.23 19,191.78 0.63% 2,498.94 0.21% 36,745.25 0.08% 55,372.26 CO-OP RESALE 247,048.56 PRV.ST.LIGHTS 247,046.56 0.00 0.00 0.09% 0.00 0.12% SCHOOL 1,075,313.06 0.41% 370,204.47 0.41% 228,278.26 0.00% 230,526.99 246,303.34 TOTAL52.324.3]1.00 2.29% 11.855 055 00 3 84905 35 9,995,796.49 0.52% --T6,627,814 15 100.00% 22. 1Oh6.64% 18.40% 52.86% LAST YEAR TO DATE THIS YEAR TO DATE RESIDENTIAL 22,365,00].]7 7,058,690.70 3,130,113.83 RESIDENTIAL 5,134,231.79 7,041,971.45 INDUS/MUNI BLDG 27,380,589.81 3,8]],243.07 387,730.56 53.341 4,422,686.28 7.40% 18,692,929.90 0.78% M.ST. LIGHTS 213,333.33 36.64% 71,700.09 PUS.ST.LIGHTS 28,895.11 3],3]0.40 75,367.73 0.07% FRV.ST.LIGHTS 104,258.05 17,270.96 0.22% 2,022.53 0.04% 33,861.54 0.00% 51,103.02 CO-OP RESALE 259,342.84 CO-OP RESALE 259,342.84 0.00 0.00 0.00% 0.00 0.00% SCHOOL 1,083,126.32 2.06% 368,266.37 0.71% 222,687.49 0.44% 195,336.12 296,834.34 TOTAL51.405.658.12 100.00% 11.652 51403 3,771,449.52 19.10% 9 82486,13 50.89% 2]_158,206.44 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL REING AD LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 38.84% 12.29% 5.16% 8.751 12.60 INDUS/MINI HLGG 57.56% 8.36% 0.86% 8.991 39.35% PUB. ST.LIGHTS 0.63% 0.21% 0.08% 0.11% 0.23% PRV.ST.LIGHTS 0.27% 0.05% 0.01% 0.09% 0.12% CO-OP RESALE 0.41% 0.41% 0.00% 0.00% 0.00% SCHOOL 2.29% 0.78% 0.53% 0.461 0.52% TOTAL 100.00% 22. 1Oh6.64% 18.40% 52.86% THIS YEAR TO DATE RESIDENTIAL 43.52% 13.91* 6,08% 10.00% 13.53% INDUS/MUNI SLOG 53.341 7.40% 0.78% 8.52% 36.64% PUS.ST.LIGHTS 0.39% 0.13% 0.05% 0.07% 0.14% PRV.ST.LIGHTS 0.22% 0.04% 0.00% 0.07% 0.11% CO-OP RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 2.06% 0.71% 0.44% 0.44% 0.47% TOTAL 100.00% 22.66% 7.35t 19.10% 50.89% LAST YEAR TO DATE RESIDENTIAL 43.51% 13.73% 6.09% 9.99% 13.70% INDUS/MUNI BLDG 53.26% 7.54% 0.75% 8.60% 36.37% PUH.ST.LIGHTS 0.42% 0.14% 0.06% 0.07% 0.15% PRV.ST.LIGHTS 0.20% 0.03% 0.00% 0.07% 0.10* CO-OP RESALE 0.501 0.50% 0.00% 0.00% 0.00% SCHOOL 2.11% 0.72% 0.43% 0.38% 0.58% TOTAL 100.00% 22.66% 7.33% 19.11* 50.90* SALES OF ELECTRICITY: RESIDENTIAL CWS[ AND INDUSTRIAL HALES PRIVATE STREET LIGHTING MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING SALES FOR RESALE SCHOOL TOTAL RARE SALES TOTAL FUEL SALES TOTAL OPERATING REVENUE FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL MYRA CREDIT TOTAL OPERATING REVENUES ( ) - ACTUAL UNDER BUDGET TOW OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 5/31/16 SCHEDULE F ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE • CHANGE 11,353,821.94 11,259,115.00 94,706.94 0.846 9,329,194.31 8,985,456.00 343,730.31 3.83% 98,804.58 347,350.00 (248,545.42) -71.55% 107,239.45 121,441.00 (14,201.55) -11.69% 404,631.81 390.905 00 _ 13.726 01 3.51% 21,293,692.09 21,104,261.00 189,425.09 0.90% 31.030.678 91 32.396.524 00 (1.365 845 09) -4.22% 52,324,371.00 53,500,791.00 (1,176,420.00) -2.20% 729,265.53 633,130.00 96,135.53 15.18% 28,701,975.75 26,952,782.00 1,749,193.75 6.49% 229,306.99 230,316.00 (11009.01) -0.44% 383,222.57 381,983.00 1,239.57 0.32% (1,084,128.48) (825,000.00) (259,128.48) 31.41% 36 0.51% 81.284.013368080 8�002 00p0 410.011 TOWN OF HEADING, MSSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 5/31/16 SCHEDULE E OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR P EXPENSE ACCT i COLL LABOR I EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN < GEN SALA.4IES OFFICE SUPPLIES P EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS 4 BENEFITS MISC GENERAL, EXPENSE RENT EXPENSE ENERGY CONSERVATION MAINTENANCE EXPENSES CWINT OF TRANSMISSION PLANT (MINT OF STRUCT AND EQUIPMT MAINT OF LINES - ON MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT L SIO SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS NAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER EVEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 1 TOTAL OPERATING EXPENSES 45,484.41 MONTH ],156.4] MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER CAPACITY 1,535,658.]] 142,003.88 1,547,456.65 15,808,238.16 17,040,100.53 1.19% PURCHASED POWER TRANSMISSION 608,787.17 865,692.96 10,696,2]4.1] 11,24],]53.86 5.16% TOTAL PURCHASED POWER 2.144.445.94 29,166.43 2.413.149 61 26.504.512 33 28.28].954 39 6.73% 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 P EXPENSE ACCT i COLL LABOR I EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN < GEN SALA.4IES OFFICE SUPPLIES P EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS 4 BENEFITS MISC GENERAL, EXPENSE RENT EXPENSE ENERGY CONSERVATION MAINTENANCE EXPENSES CWINT OF TRANSMISSION PLANT (MINT OF STRUCT AND EQUIPMT MAINT OF LINES - ON MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT L SIO SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS NAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER EVEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 1 TOTAL OPERATING EXPENSES 45,484.41 ],156.4] 490,024.00 431,854.30 0.00% 17,203.31 12,984.63 154,341.41 142,003.88 -7,99% 80,819.29 43,388.75 759,069.12 703,963.17 -7.26% 29,166.43 29,551.70 465,5]3.]4 365,190.83 -21.56% 81615.85 13,033.79 85,5]0.]3 10],924,0] 26.12% 19,938.57 161056.10 107,820.16 203,8]7.0] 8.55% 39,945.24 32,447.68 416,899.13 40],999.]1 -2.13% 2,147.75 932.84 15,187.14 18,978.10 24.30% 269,479.11 173,665.10 1,654,712.78 1,542,677.21 -6.77% 10,000,00 10,000.00 lfi 110,000.00 110,000.00 60 0.00% 46,677.35 33,516.10 389,883.58 447,759.47 14.64% 60,947.26 69,141.47 737,595.41 815,389.71 10.554 26,890.63 31,326.34 294,375.27 320,402.01 8.84% 43,729.37 74,922.59 460,194.40 401,198.50 -12.82% 31,242.39 27,632.72 335,222.48 328,579.59 -1.98% 3,843.98 22,358.83 41,127.82 62,415.39 51.76% 236,029.10 228,803.97 2,688,360.01 21558,181.51 -4.84% 8,856.59 12,218.56 128,375.15 123,071.12 -4.13% 2,151.76 32,294.08 147,773.50 177,814.23 20.33% 16,270.05 53,668.73 452,997.51 540,400,61 19.29% 901.439.44 925 100 43 10 015 111 34 9 809 579.68 -2.05% 227.08 227.09 2,497.90 2,497.90 0.00% 40,852.31 31,384.83 466,864.01 376,503.02 -19.35% 167,006.33 121,799.69 1,603,545.80 1,529,010.87 -4.65% (346.25) 41910.56 134,323.14 105,429.13 -21.51% 0.00 1,293.15 62,622.70 94,417.03 50.77% (35.13) (88.03) (229.01) 1637.4]) 178.36% 40,780.04 38,866.69 534,467.93 508,138.99 -4.93% 0.00 (33.34) 0.00 O.OD 0.00% 15,049.35 20,974.53 190,852.66 176,079.13 -6.69% 263.533.73 219.035 lfi 2.994.915.13 2.793 438 60 -6.731 321,788.]9 328,732.65 3,539,676.69 3,616,059.15 2.16% 2,012,238.83 1,944,922.16 29,488,315.64 29,991,363.21 1.71% 118,000.00 118,000.00 1,288,754.00 1,286,973.00 -0.14% 5,761.445.73 5.949.940.03 ]3.631.315.13 75 785 266 03 2.65% TOWN OF READING, NASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/16 SCHEDULE G HAINTENANCE EXPENSES IMINT OF TRANSMISSION PLANT HINT OF STRUCT RED EQUI HENT HINT OF LINES - ON HINT OF LINES - UG HINT OF LING TRANSFORMERS HAINT OF ST LT 6 SIG SYSTEM HAINT OF GARAGE AND STOCXROCK HAINT OF MIXES HINT OF GEN PLANT ACTUAL BUDGET (252.10) 29,261.02 (264,793.13) (15,758.87) (205,582.97) (9,797.47) (104,379.01) (41,762.00) 14,729.13 -9.17% 8.43% -14.76% -13.00% -68.53% -106.96% -17.04% -100.00% 9.02% % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE • CHANGE PURCHASED POWER CAPACITY 17,040,100.53 -17.64% 151605,550.00 (598.335 1,434,550.53 9.19% PURCHASED POKER TRANSMISSION 11,24],]53.86 3,616,059.15 11,347,232.00 3,651,230.00 (99,478.14) (35,170.85) -0.88% -0.96% TOTAL PURCHASED POWER 28.287 854 39 26.952.782 00 39 -5.01% 1.335.0]2 VOLUNTARY PAYMENTS TO TOWNS 1,286,973.00 1,298,000.00 _ (11,027.00) 4.95% OPERATION SUP AND ENGINEERING EXP 431,854.30 0376 573,052.00 p0p0 (141,197.70) -24.64% STATION SUP LABOR AND MISC 142,003.88 (1,030.550.9]1 76,220.00 65,783.89 86.31% LINE MISC LABOR AND EXPENSE 703,963.17 616,477.00 87,486.17 14.19% STATION LABOR AND EXPENSE 365,190.83 407,708.00 (42,517.17) -10.43% STREET LIGHTING EXPENSE 107,924.07 85,006.00 22,918.07 26.96% METER EXPENSE 203,877.07 210,425.00 (6,547.93) -3.11% MISC DISTRIBUTION EXPENSE 40],998.]1 415,849.00 (7,850.29) -1.89% METER READING LABOR I EXPENSE 18,878.10 29,658.00 (10,779.90) -36.35% ACCT 6 COIL LABOR d EXPENSE 1,542,677.21 1,540,326.00 2,351.21 0.15% UNCOLLECTIBLE ACCOUNTS 110,000.00 110,000.00 0.00 0.00% ENERGY AUDIT EXPENSE 447,]59.4] 438,433.00 9,326.47 2.13% ADMIN 6 GEN SALARIES 815,389.71 758,2]].00 57,112.71 7.53% OFFICE SUPPLIES 6 EXPENSE 320,402.01 276,100.00 44,302.01 16.05% OUTSIDE SERVICES 401,198.50 354,060.00 47,138.50 13.31% PROPERTY INSURANCE 328,579.59 427,350.00 (98,770.41) -23.11% INJURIES AND DAW.GES 62,415.39 47,031.00 15,384.39 32.71% EMLOYEES PENSIONS 6 BENEFITS 2,558,181.51 2,420,788.00 137,393.51 5.68% MISC GENERAL EXPENSE 123,071.12 223,390.00 (100,318.88) -44.91% RENT EXPENSE 177,814.23 194,337.00 (16,522.771 -8.50% ENERGY CONSERVATION 540,400.81 746,022.00 (205,621.19) -27.56% TOTAL OPERATION EXPENSES 9.809.57968 9.950 509 00 1140.929 321 -1.42% HAINTENANCE EXPENSES IMINT OF TRANSMISSION PLANT HINT OF STRUCT RED EQUI HENT HINT OF LINES - ON HINT OF LINES - UG HINT OF LING TRANSFORMERS HAINT OF ST LT 6 SIG SYSTEM HAINT OF GARAGE AND STOCXROCK HAINT OF MIXES HINT OF GEN PLANT 2,497.90 376,503.02 1,529,010.87 105,429.13 94,417.03 (632.47) 508,138.99 0.00 178,079.13 2,750.00 347,242.00 1,793,804.00 121,188.00 300,000.00 91160.00 612,518.00 41,762.00 163,350.00 (252.10) 29,261.02 (264,793.13) (15,758.87) (205,582.97) (9,797.47) (104,379.01) (41,762.00) 14,729.13 -9.17% 8.43% -14.76% -13.00% -68.53% -106.96% -17.04% -100.00% 9.02% TOTAL HINTENANCE EXPENSES 2.793 438 60 3.391.7]4 00 -17.64% (598.335 901 DEPRECIATION EXPENSE 3,616,059.15 3,651,230.00 (35,170.85) -0.96% PURCHASED POWER FUEL EXPENSE 29,991,363.21 31,571,524.00 (1,580,160.79) -5.01% VOLUNTARY PAYMENTS TO TOWNS 1,286,973.00 1,298,000.00 (11,027.00) -0.85% TOTAL OPERATING EXPENSES 0376 p0p0 -1.34% 75.785 268 81819 (1,030.550.9]1 ( ) = ACTUAL UNDER BUDGET (12A) TOW OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/16 NADNT OF TRANSMISSION PLANT RESPONSIBLE 3,000.00 2,497.90 REMAINING 16.74% HAINT OF 9TRUCT AND EQUIPMT SENIOR 2016 ACTUAL BUDGET REMAINING OPERATION EXPENSES: HARMER ANNUAL BUDGET YEAR TO DATE BALANCE 1,529,010.87 BUDGET % PURCHASED POSER CAPACITY JP 17,095,785.00 NAINT OF LINES - UG 17,040,100.53 130,694.00 551684.4'1 105,429.13 0.33% 25,264.67 PURCHASED POWER TRANSMISSION JP 12,600,639.00 HAINT OF LINE TRANSFORMERS 11,247,753.86 156,000.00 1,352,885.14 94,417.03 10.74% 61,582.97 TOTAL PURCHASED POWER 39.48% 29,696,424 00 28,287,854.39 9,745.00 1,408.569 61 4.74% 10,382.47 106.54% HAINT OF GARAGE AND STOCKROOM NJ 660,131.00 OPERATION SUP AND ENGINEERING EXP HJ 629,691.00 151,992.01 431,854.30 23.02% 197,836.70 HAINT OF NETERS 31.42% 43,875.00 STATION SUP LABOR AND MISC NJ 84,858.00 0,875.00 142,003.88 100.00% (57,145.88) HAINT OF GEN PLANT -67.34% 178,200.00 LINE MISC LABOR AND EXPENSE NJ 666,641.00 120.87 703,963.17 0.07% (37,322.17) TOTAL MAINTENANCE EXPENSES -5.60% 3.341,465.00 STATION LABOR AND EXPENSE NJ 448,347.00 548,026 365,190.83 16.401 83,156.17 18.55% STREET LIGHTING EXPENSE NJ 93,347.00 DEPRECIATION EXPENSE 107,924.07 3,983,145.00 (14,577.07) 3,616,059.15 -15.62% 367,085.85 METER EXPENSE HJ 233,648.00 PURCHASED POWER FUEL EXPENSE 203,877.07 34,326,329.00 29,770.93 29,991,363.21 12.74% 4,334,965.79 NISC DxSTRIBUTION EXPENSE NJ 457,068.00 VOLUNTARY PAYMENTS TO TOWNS 407,998.71 1,416,000.00 49,069.29 1,286,973.00 10.74% 129,027100 XETER RIMING LABOR 6 EXPENSE HJ 32,578.00 TOTAL OPERATING EXPENSES 18,878.10 13,699.90 42.05% ACCP 4 COLL LABOR 6 EXPENSE RF 1,693,219.00 83.632.495.00 1,542,677.21 75,785,268.03 150,541.79 7.847,226.97 8.89% UNCOLLECTIBLE ACCOUNTS JP 120,000.00 110,000.00 10,000.00 8.334 ENERGY AUDIT EXPENSE JP 482,273.00 447,759.47 34,513.53 7.16% ADMIN 6 GEN SALARIES CO 838,461.00 815,389.71 23,071.29 2.75% OFFICE SUPPLIES 6 EXPENSE CO 301,000.00 320,402.01 (19,402.01) -6.45% OUTSIDE SERVICES CO 377,332.00 401,198.50 (23,866.50) -6.33% PROPERTY INSURANCE HJ 466,200.00 328,579.59 137,620.41 29.52% INJURIES AND DAMAGES NJ 51,254.00 62,415.39 (11,161.39) -21.78% EMPLOYEES PENSIONS 6 BENEFITS NJ 2,633,591.00 2,558,181.51 75,409.49 2,96% NISC GENERAL EXPENSE CO 231,022.00 123,071.12 107,950.88 46.73% RENT EXPENSE HJ 212,000.00 177,814.23 34,185.77 16.13% ENERGY CONSERVATION JP 816,602.00 540,400,81 276,201.19 33.82% TOTAL OPERATION EXPENSES 10.869.132.00 9,809,579.68 1,059,552.32 9.75% NADNT OF TRANSMISSION PLANT NJ 3,000.00 2,497.90 502.10 16.74% HAINT OF 9TRUCT AND EQUIPMT NJ 484,026.00 376,503.02 107,522.98 22,21% NAINT OF LINES - ON BJ 1,675,794.00 1,529,010.87 146,783.13 6.76% NAINT OF LINES - UG NJ 130,694.00 105,429.13 25,264.67 19.33% HAINT OF LINE TRANSFORMERS HJ 156,000.00 94,417.03 61,582.97 39.48% NAM OF ST LT 6 SIG SYSTEM NJ 9,745.00 (637.47) 10,382.47 106.54% HAINT OF GARAGE AND STOCKROOM NJ 660,131.00 508,138.99 151,992.01 23.02% HAINT OF NETERS NJ 43,875.00 0.00 0,875.00 100.00% HAINT OF GEN PLANT RF 178,200.00 178,079.13 120.87 0.07% TOTAL MAINTENANCE EXPENSES 3.341,465.00 2,793.438.60 548,026 40 16.401 DEPRECIATION EXPENSE HE 3,983,145.00 3,616,059.15 367,085.85 9.22% PURCHASED POWER FUEL EXPENSE JP 34,326,329.00 29,991,363.21 4,334,965.79 12.63% VOLUNTARY PAYMENTS TO TOWNS HE 1,416,000.00 1,286,973.00 129,027100 9.11% TOTAL OPERATING EXPENSES 9.38% 83.632.495.00 75,785,268.03 7.847,226.97 (128) TOWN OF READING, HASSACRUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 05/31/2016 PROFESSIONAL SERVICES BY PROJECT ITEM OEPARTNENT ACTUAL BUDGET VARIANCE I PHLD AND PENSION TRUST AUDIT FEES ACCOUNTING 28,895.25 DUNCAN AND ALLEN 35,000.00 (6,104.75) 589.60 2 LEGAL-FERC/ISO/POWER/OTHER INTEGRATED RESOURCES 147,002.10 126,115.00 15,860.00 20,227.10 RUBIN AND an. 3 MRC CONPLIANCE AND AUDIT E 6 O 29,521.35 28,696.25 14,125.00 PLN ELECTRIC POHER ENGINEERING 15,396.35 4 LEGAL- SOLAR/FIBER ENGINEERING 32,768.00 FLEET COUNSELOR SERVICES INC. 9,163.00 23,605.00 401,198.50 5 LEGAL -GENERAL ON 101,905.17 68,750.00 33,155.17 6 LEGAL SERVICES NR 37,600.25 66,334.00 (28,733.75) 7 SURVEY RIGHT OF WAY/ ENVIRONMENTAL BLDG. MINT. 0.00 9,163.00 (9,163.00) 8 INSURANCE CONSULTANT/OTHER GEN. BENEFIT 23,506.3E 24,150.00 (1,243.621 TOTAL 4011198.50 354,060.00 47,138 50 PROFESSIONAL SERVICES BY VENDOR ACTUAL HELANSON HEATH 28,500.00 DUNCAN AND ALLEN 95,671.74 CHOATE HALL 4 STEWART 589.60 COTTE MANAGENENT CONSULTING LLC 633.75 UTILITY SERVICE INC. 15,860.00 RUBIN AND an. 160,989.31 SIYRCEYNSRI L CONN, PC 28,696.25 PLN ELECTRIC POHER ENGINEERING 32,768.00 FYRAIT6R SCOBBO S ROOOPRELE, PC 20,571.35 FLEET COUNSELOR SERVICES INC. 16,512.50 TOTAL 401,198.50 RMt.D DEFERRED FDEL CASH RESERVE ANALYSIS 05/31/16 GROSS MONTHLY TOTAL DATE CHARGES REVENGES NYPA CREDIT DEFERRED DEFERRED Jun -15 51180,285.15 Jul -15 3,492,949.80 3,083,024.15 (65,798.90) (475,724.55) 4,704,560.60 Aug -15 3,269,589.09 3,172,916.67 (70,099.15) (166,771.57) 4,537,789.03 Sep -15 3,302,139.93 3,385,022.47 (100,901.03) (18,018.49) 4,519,770.54 Oct -15 2,543,916.53 2,607,127.52 (105,545.52) (42,334.53) 4,477,436.01 Nov -15 2,489,548.12 2,551,186.05 (87,425.40) (25,787.47) 4,451,648.54 Dec -15 2,757,146.26 2,826,699.78 (91,032.01) (21,478.49) 4,430,170.05 Jan -16 3,163,761.69 2,656,333.87 (108,747.38) (616,175.20) 3,813,994.85 Feb -16 3,056,024.39 2,978,402.24 (115,171.18) (192,793.33) 3,621,201.52 M ,16 2,149,376.47 2,668,095.44 (115,732.84) 402,986.13 4,024,187.65 Ap,16 1,821,9B8.77 2,745,250.33 (129,300.16) 793,961.40 4,818,149.05 Hay -16 1,944,922.16 2,356,620.39 (94,374.91) 317,323.32 5,135,472.37 RM.D BUDGET / ACTUAL COl MISON SUM4ARY SCHEDULE 5/31/16 DIVISION ACTUAL BUDGET VARIANCE VAR % BUSINESS DIVISION 9,279,547 9,263,562 15,985 0.10% INTEGRATED RESOURCES 1,135,162 1,311,232 (176,070) -13.43% ENGINEERING AND OPERATIONS 4,355,542 4,843,252 (487,710) -10.07% FACILITY 4,227,566 4,294,581 (67,015) -1.56% GENERAL NANACER _ .684.115 753,312 (69.197) -9.19% SUB -TOTAL 19,681,932 20,465,938 (784,006) -3.83% PURCHASED POWER BASE 28,287,854 26,952,782 1,335,072 4.95% PURCHASED POWER FUEL 29,991,363 31,571,524 (1,580,161) -5.01% TOTAL 77. 9fi1.150 ]8.990.244 -1.30% (1 029 0951 BeadioR Light RMLD 4 •BLEWEa FOR ceaaarwN$ 230 Ash Street P.O. Box ISO Reding, MA 01867-02.50 'hL(781)944-1340 Fax: (781) 942-2109 Web: anvay.tmldrnro July 19, 2016 Town of Reading Municipal Light Board Subject: Distributed Generation On May 25, 2016, a request for proposals was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and on June 1, 2016, to it was sent to ECNE, requesting proposals for Distributed Generation for the Reading Municipal Light Department. An invitation to bid was emailed to the following: AZ Corporation AB Energy USA, LLC Gas/Power Energy Systems Authorized Services of NE Bond Brothers Cummins Energy Solutions Business Cummins Northeast Energy Acuity Energy Choice/Seva 2 MW Epsilon Associates Kraft Power Corporation Milton CAT Power Secure, Inc. Siemens Industry, Inc. SME Safety Power Inc. SourceOne Tangent Energy TN Ward Company Bids were received from AB Energy USA, Milton CAT, TN Ward Company, AZ Corporation and G. Green Construction Company. The bids were publicly opened and read aloud at 11:00 a.m. June 22, 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 2016-24 Distributed Generation be awarded to Milton CAT as the lowest responsive and responsible bidder on the recommendation of the General Manager. Item (desc.) Unit 2 2.5 MW Distributed Generator Optional 7 year warranty File aid/FY16/2D16-24 Distributed Generation Qty Unit Cost Total Net Cost 1 $1,974,278.00 $1,974,278.00 $34,260.00 Total $2,008,538.00 ABBchmant 4 M,midpol Light rDNelplaA mntRMLD ! tex r 230 Ash Stteet, P.O. Box 1So Reding, MA 01867-0250 The FY17 Capital Budget allocation for the purchase of these units under the Distributed Generator project was estimated at $2,720,409. Nick D'Alleva ` File: Bid/FY16/2016-24 Dislribned Generation ...: -_ \ na G ■„� ! � | � 9\ \\< \§§|j/\� ) '§| ©� / j\a ,■■■ {” IMF !§ gKf - RMLD Reding Mmicipal Light Department •ausua ao.aa aoa caauwr,oxl 230 Ash St P.O. box 150 Reding, MAO 1967-0250 Tel: (781) 944-1340 Fu: (781) 942-2409 W6: www.rmld. July 20, 2016 Town of Reading Municipal Light Board Subject: 15kV Padmounted Swkchgear On June 29, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and it was sent to ECNE requesting proposals for 15kV Padmounted Switchgear for the Reading Municipal Light Department An invitation to bid was emailed to the following: ABM Electrical Power Services, LLC Irby Utilities BCS Switchgear, Inc. Circuit Breaker Sales Co., Inc. Graybar Electric Diversified Electric Services, Inc. Eaton Cooper Power Systems Power Sales Group Electric Control Equipment ElectriComm MEC Power Group Innovative Switchgear Solutions, Inc. Omicron Electronics Corp. USA WESCO National Switchgear Robinson Sales Inc. aka RSI Power Tech- UPSC Bids were received from Trayer Engineering Corp., Power Sales Group, Graybar Electric and WESCO. The bids were publicly opened and read aloud at 11:00 a.m. July 13, 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 2017-02 for 15kV Padmounted Switchgear be awarded to Trayer Engineering Corp. as the lowest responsive and responsible bidder on the recommendation of the General Manager. Item (description) 2- 2 switched ways, 200 VFI Rating 1- 2 switched ways, 1-200 & 1-600 VFI Rating 1- 2 switched ways, 600 VFI Rating Total for all 4 switches File: &d/FY17/ Padvomtd Switchgear 2017-02 Unit Cost Qty Total Cost $54,260.00 2 $108,520.00 $60,916.00 1 $60,916.00 $56,664.00 1 $56,664.00 226,100.00 RMLD Bxxdivg Municipal ....... evt A[L[ • ip lLi G[N[[AiIONL 230A[h SftMBO.Boxl50 Reeding, MA0186/-0250 The FY17 Capital Budget allocation for the purchase of these units under the Padmount Switchgear Upgrade at Industrial Parks project was estimated at $187,500. n� � Coleen O'Brien Ha id JaffarT Brian Smith (for Peter Price) File: Bid/FY17/ Padmounted Switchgear 2017-02 a § } ! r, \ ■. ! r ! LEI . . ! §§■. ■§!. ,;., �a■| §;■! \ | \ _ ILI \ / -a i\ $ §� \() \(� a § } ! r, \ Reading Municipal Light w*LD f4 ,+ RELIABLE POWER •EeaenoN$ 230 Aab Sux1 P.O. Bac ISO Reading, MA 01567-0250 Tel: (781) 944-1340 Far(781)942-2409 Web: www.lmld.wm July 21, 2016 Town of Reading Municipal Light Board Subject: S&C SCADA-Mate CX Switch On June 22, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and it was sent to ECNE requesting proposals for S&C SCADA-Mate CX Switch for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group JF Gray & Associates Hasgo Power Sales HD Industrial Services Siemens Graybar MEC Power Group Shay Enterprise WESCO MetroWest Robinson Sales Genergy Corp. Eaton Cooper Irby Mueller Systems Silver Spring Networks Bids were received from Irby, Graybar and WESCO Shamrock Power Power Tech dba UPSC EL Flowers & Associates Omicron Electronics Corp. USA Elster ITRON . Parijat Controlware, Inc. The bids were publicly opened and read aloud at 11:00 a.m. July 13, 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 2017-03 for S&C SCADA-Mate CX Switch be awarded to WESCO as the lowest responsive and responsible bidder on the recommendation of the General Manager. Item (desc.) Item 1- S&C SCADA-Mate Switch File: Bid/FY17/ S&C SCADA-Mace CX Sw ixb 2017-03 QAy Unit Cos Total Cost 4 $28,680.25 $114,720.00 r RMavi<ipal Light DxeepsartmmRMLD G....og a.s 230 Ash Srcwl, P.O. Box 150 Reding, MA 01867-0250 The FY17 Capital Budget allocation for the purchase of these units under the Grid Modernization and Optimization project was estimated at $140,000. Coleen 0'B ef�f v HamidJa Brian Smith (for Peter Price) File Bid/FY17/ S&C SCADA-Mate IX Sw1k1h 2017-03 RMLDRattling Municipal Light Department C� uAne POWER FOR cexeanrtons 230 Ah Stnut P.O. Box ISO Reading, MA 01867 OM Tel: (781)946-1340 PER: (781) 942-2409 web:w .rtnkl-. July 18, 2016 Town of Reading Municipal Light Board Subject: S&C IntelliRupter Pulse Closer On June 22, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and it was sent to ECNE requesting proposals for S&C IntelliRupter Pulse Closer for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Power Sales Group Shamrock Power Sales Power Tech dba UPSC Stuart C. Irby Genergy Eaton Cooper Mueller Systems WESCO 1F Gray Hasgo Power HD Industrial Services MVA Power, Inc. Omicron Electronics Corp, USA Silver Spring Networks Graybar Electric Company MetroWest Robinson Sales EL Flowers & Associates Siemens Industry, Inc. Elster MEC Power Group Bids were received from WESCO, Irby and Graybar Electric Company The bids were publicly opened and read aloud at 11:00 a.m. July 13, 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 the General Manager and the staff. MOVE that bid 2017-04 for S&C IntelliRupter Pulse Closer be awarded to WESCO as the lowest responsive and responsible bidder on the recommendation of the General Manager. Item (desc.) Manufacturer Unit Cost Qty Total Cost 1-S&ClntelliRupter Pulse S&CElectricCo $36,970.00 2 $73,940.00 Closers File Bid/FY17/lnbtWRupter 217-04 H ea d in g Municipal unicipal Loiagha DxeepartvuntRMLl s 290 Ash Street, P.O. But 150 Reading. MA 01867-0750 The FY17 Capital Budget allocation for the purchase of these units under the Grid Modernization and Optimization project was estimated at $90,000. Coleen O'Bri\ �lv2�i Hamid Jaffafr Brian Smith (for Peter Price) File: Bid/ FY17/InteUiRupter 2017-01 / 0 { k ! \ Se .. ! | ` ! /\ \) )(\ Reading M--kip-1 Light Dept== RMLD oa crxaawnow 230 Ash Street P.O. Box 150 Reeding. MA01867-0250 Tel: (781) 9041340 Fax: (781) 902-2409 Web: w .tmldxean July 22, 2016 Town of Reading Municipal Light Board Subject: Hourly Rates for Professional Manpower, Vehicles, Trade Tools, and Equipment for Underground Electrical Distribution Construction and Maintenance On June 29, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle requesting proposals for Hourly Rates for Professional Manpower, Vehicles, Trade Tools, and Equipment for Underground Electrical Distribution Construction and Maintenance for the Reading Municipal Light Department. An invitation to bid was emailed to the following: ABM Electrical Power Services, LLC Albanese Brothers, Inc. Construction Journal Dagle Electrical Construction Corp. ElecComm Elecnor Hawkeye LLC Elecnor Hawkeye LLC Evermore Light and Power Fischbach & Moore Electric Group, LLC GEOD Consulting Grattan Line Construction Corp. Hamilton Electric Co., Inc. Hi Volt Line Construction & Maintenance K.B. Aruda Construction, Inc. Mass Bay Electrical Corp. Maverick Construction McDonald Electrical Corporation McDonough Electric Construction MEC Power Group Northeast Line Construction Corp. OSP LLC Power Line Contractors Project Dog, Inc. Spencer Contracting Thirault LLC Utility Service & Assistance, Inc. PowerLine Contractors, Inc. Three bids were received from Elecnor Hawkeye LLC, Fischbach & Moore Electric Group, LLC, and McDonald Electrical Corporation. The bids were publicly opened and read aloud at 11:00 a.m., July 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 2017-05 for Hourly Rates for Professional Manpower, Vehicles, Trade Tools, and Equipment for Underground Electrical Distribution Construction and Maintenance be awarded to McDonald Electrical Corporation as the lowest responsible and eligible bidder on the recommendation of the General Manager. Reading RMLD 0 .. e':.a.. 1o'�`eN.°`w ms 230 Ash stmt, P.O. Box Iso Rexdutg, MA 01867-0250 This project will be paid from various operating and capital accounts as the work dictates. .,dIWz - Stephen De Ferrari :[[ �■�, yrs R]! `) g■]r:f ■r�■B :f ;$ 4;. ; F3 S | -»f ! §!\ ` -»\ i!! ��■_- . � ! �f; © ; /G( §!! -!\ !7 / \) \) j}\\ �■�, yrs R]! `) g■]r:f ■r�■B :f ;$ S RMLD July 19, 2016 Reading Municipal Light Department uuau.a ao.aa ro• can aaanout 230 Ash Sneet P.O. Bac 150 Reading, MA 01867-0150 Tel: (781) 944-1340 Fat: (791) 942-2409 Web: n .e .Ucn n Town of Reading Municipal Light Board Subject: Cooper Power System or Compatible Meters and Equipment for the AMI Mesh Network System Expansion and Migration On June 22, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle and it was sent to ECNE requesting proposals for Cooper Power System or Compatible Meters and Equipmentfor the AMI Mesh Network System Expansion and Migration for the Reading Municipal Light Department. An invitation to bid was emailed to the following: AVCOM ECI Sales ITRON Power sales Group WESCO Graybar Electric Company Shamrock Power Sales JF Gray MetroWest Power Tech dba UPSC Hasgo Power Robinson Sales Stuart C. Irby HD Industrial Services EL Flowers & Associates Genergy MVA Power, Inc. Siemens Industry, Inc. Eaton Cooper Omicron Electronics Corp, USA Elster Mueller Systems Silver Spring Networks MEC Power Group A bid was received from Eaton. The bids were publicly opened and read aloud at 11:00 a.m. July 13, 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 the General Manager and the staff. MOVE that bid 2017-06 for Cooper Power System or Compatible Meters and Equipment for the AMI Mesh Network System Expansion and Migration be awarded to Eaton as the lowest responsive and responsible bidder on the recommendation of the General Manager. Item (desc.) Unit Cost QlY Total Net Cost 1 Retrofit of 2S and 12S Meters $96.90 500 $48,450.00 2 Mesh Network Relays $255.00 30 $7,650.00 3 6S Meters $642.60 52 $33,415.20 4 5S Meters $642.60 32 $20,563.20 5 16S Meters, Class 200 $586.50 12 $7,038.00 6165 Meters, Class 320 $603.84 4 $2,415.36 119,531.76 File Bid/FY17/Mete5and Fquip.t 2717-06 RMLD ReadReadingD ' Municipal Light epartm<vt aeuneuevmea eoa c,anovs 230 Ash Sheet, P.O. Box 150 Reading, MA 01867-02% The FY17 Capital Budget allocation for the purchase of these units under the AMI Mesh Network Expansion project was estimated at $148,000. Coleen O'Brien Hamid JaWl b�7a- b'FF!/c uF Nick D'Alleva File: Bid/FY17/Meten and Equipment 2017-06 , E i { ! } RMLD€, x, July 19, 2016 Reading Municipal Light Departmem •B LIABLe eOr/[• e0a G[XeIATtONi 230 Ash Street P.O. Box ISO Reeding, MA 01867-0250 Tel:(781)944-1340 Fu: (781) 942-2409 Web: ffall m Town of Reading Municipal Light Board Subject: Bus Insulation at Substation 5 On June 29, 2016, a bid invitation was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle, the Commonwealth of MA Central Register and it was sent to ECNE requesting proposals for Repair of 15W McGraw Edison Switchgear at Substation 5 for the Reading Municipal Light Department. An invitation to bid was emailed to the following: American Electrical Testing Co., Inc. AtlanBay Circuit Breaker Sales North East Construction Journal Dec Corp. Eaton & Eastman Electric No -Outage Electrical Testing OnTarget Services Powerl-ine Contractors, Inc. PowerTech Associates Schneider Electric Shermco Industries Three Phase Line Construction, Inc. CMDG-USA Western Electrical Services, Inc. USNE, Inc. Northeast Operations Project Dog, Inc. Hawkeye Elecnor Group MEC Power Group Bids were received from McDonald Electric Corp and Powerline Contractors, Inc The bid was publicly opened and read aloud at 11:00 a.m. July 14, 2016, in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bid was reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2017-08 for Bus Insulation at Substation 5 be awarded to Powerline Contractors, Inc. as the lowest responsible and eligible bidder on the recommendation of the General Manager. Item (desc.) Total Cost a. straight time $25,754.00 b. overtime $31,578.00 57,332.00 File Bid/FY17/2017408 Bus Insulation at Substation 5 Rad ng Municipal LiI.ght .D.,p.v.mmemtRMLD 230 Ash Street, P.O. Box 150 Rnadiog, MAO 1867-0250 The FY17 Operating Budget will be charged for the re -insulation of the bus work. Coleen O'Brien ll r (�S?K Hbrhid Ja I 2�- Am, A/icK D�NNyo Nick D'Alleva FBe: Bid/FY17/2017-08 Bus Insulation at Substation 5 \\ ! E 6k� ;«t ¥tG «§£ \\ E ! )) ! � ; 000 \ \§k (\\ 0 5£§ §I[ \ k ` ® k - k �r mr - )/{ 72! \ \ § ILC 2 ) }§| )§| )§| |§( |[§ )§ §I; |\! |§! !. |,| . . ��:.. f\ ! |., "• #;. ..; }§| )§| )§| |§( |[§ )§ |\! |§! !. }§| )§| )§| |§( |[§ )§ }§| )§| )§| §�|■ rI 2 ..| |;« (;. ! �- ! ;|; '-- `;! �!' •;r ! �|! ■! -;� ■�, ,-, -•, ,., , k! k„ «)! �!! ■f§ !r! . � r.. / § 9 /< �§ ) | |.); r.). '.§§ ■ �! � �< . . . ,.,! •.,. ,,.. 1,., =�I �|!. °;!. ;,!! .�■| �;l; |'.1 H., Jeanne Foti From: Jeanne Foti Sent: Thursday, July 21, 201611:49 AM To: RMLD Board Members Group Subject: Account Payable and Payroll Questions Good morning. In an effort to save paper, the following timeframes had no Account Payable and Payroll questions. Amount Payable Warrant— No Questions June 24, July 1, July 8 and July 15 . Payroll — No Questions June 27 and July 11. This e-mail will be printed for the Board Packet for the RMLD Board meeting on July 28, 2016. Jeanne Foti Reading Municipal Light Department Executive Assistant 230 Ash Street Reading, MA 01867 781-942-6434 Phone 781-942-2409 Fax Please consider the environment before printing this e-mail.