HomeMy WebLinkAbout2013-06-26 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners
Reeular Session
i 230 Ash Street
6/ Reading, MA 01867
June 26, 2013
Start Time of Regular Session: 7:31 p.m.
End Time of Regular Session: 8:21 p.m.
Commissioners:
John Stamped" Chairman - Absent Philip B. Pacino, Vice Chair
Robert Sall, Commissioner David Talbot, Commissioner
David Mancuso, Commissioner
Staff
Kevin Sullivan, Interim General Manager Beth Ellen Antonio, Human Resources Manager
Jeanne Fall, Executive Assistant Robert Fournier Accounting/Business Manager
William Seldon, Senior Energy Analyst
Citizens'Advisory Board:
John Norton, Chairman
Call Meeting to Order
Vice Chair Pacino called the meeting to order and stated that the meeting was being videotaped, it is live in Reading only.
Chairman Stempeck was not present at the meeting due to a business trip.
Opening Remarks
Vice Chair Pacino read the RMLI) Board of Commissioners Code of Conduct. The RMLD Board of Commissioners
recognizes the importance of hearing public comment, at the discretion of the Chau, on items on the official agenda as well
�s on item(s) not on the official agenda. We ask mth
that all questions or comments Item the public be directed to e Chair and
that al] parties, including members of the RMLD Board, act in a professional and courteous manner when addressing the
Board or responding to comments. Once recognized by the Chair, all persons addressing the Board shall state their name and
address prior to speaking. It is the role of the Chan to maintain order in all public comment or ensuing discussion.
Introductions
Vice Chair Pacino asked Citizens' Advisory Board, Chairman, John Norton if he had any comment Chairman Norton stated
that he wanted to make a general comment as we are closing out this fiscal year. He would like to compliment the employees
of the RMLD for their continued excellent service to the ratepayers of the four communities served by the RMLD. As
always, they do an excellent job. In particular, they do an outstanding job with outages. Yesterday, in North Reading, at
4:00 p.m. the power was lost at Saint Theresa's church where voting for four precincts for the elections was being held. Mr.
Norton put in an emergency call to Mr. Sullivan and power was restored within fifteen minutes. In general, Mr. Norton
would like to compliment the professional staff at the RMLD. They do an excellent job which is a credit to whole
Department. On behalf of the ratepayers of North Reading, he wanted to thank the Department.
Public Comment
There were no members of the public present at the meeting.
Approval of Board Minutes
April 10, 2013 — Reorganization
Mr. Soli made a motion seconded by Mr. Talbot that the RMLD Board of Commissioners approve the Regular Session
meeting minutes of April 10, 2013.
Motion carried 3:0:1. Mr. Mancuso abstained; he was not present at the meeting.
April 10, 2013 — Joint Meeting with CAB
Mr. Soli made a motion seconded by Mr. Mr. Talbot that the RMLD Board of Commissioners approve the Regular Session
�eebng minutes of April 10, 2013 with the changes presented by Mr. Soli.
totion carried 3:0:1. Mr. Mancuso abstained; he was not present at the meeting.
Regular Session Meeting Minutes
June 26, 2013
Approval of Board Minutes
April 24, 2013 .
Mr. Soli made a motion seconded by Mr. Talbot that the RMLD Board of Commissioners approve the Regular Session
meeting minutes of April 24, 2013 with the changes presented by Mr. Soli.
Motion carried 3:0:1. Mr. Mancuso abstained; he was not present at the meeting.
May 22, 2013
Mr. Soli made a motion seconded by Mr. Talbot that the RMLD Board of Commissioners approve the Regular Session
meeting minutes of May 22, 2013.
Motion carried 4:0:0.
Mr. Talbot complimented the Department on the accuracy of the minutes. Ms. Fon thanked Mr. Talbot adding that Ms.
Rybak transcribed the meeting minutes of May 22.
Report of Board Committee
Audit Committee
Mr. Soli explained that approximately two times annually a member of the Audit Committee, and the RMLD
Business/Accounting Manager meet with the Town Accountant Mr. Soli reported that the Town Accountant spoke about
drawing up the irrevocable trust for the Other Post Employment Benefits (OPEB). They expect to have the OPEB document
by June 30, 2013. Mr. Soli pointed out that the Town of Reading as well as the Town of Lexington have found out that there
is a procurement card for businesses that works in a similar fashion as a credit card. The Town is trying to move forward
with this and is trying to do something for the RMLD. Mr. Soli said that this is problematic when IT staff is trying to procure
computer software because vendors will not take purchase orders.
General Manager Contract Negotiation Committee—Chairman Stempeck
In the absence of Chairman Stempeck, Vice Chair Pacino reported that the contract has been completed with other members
of the committee being Chairman Stempeck and Mr. Soli. Vice Chair Pacino stated that Ms. O'Brien has signed the contract
which is ready for the Commission's signature. Vice Chair Pacino stated that Ms. O'Brien's start date will be July 15, 2013. •
Mr. Mancuso made a motion seconded by Mr. Soli that the RMLD Board of Commissioners approve the General Manager's
Contract as presented based on the recommendation of the General Manager Contract Negotiation Committee.
Motion carried 4:0:0.
Mr. Sullivan added that RMLD management, he, Ms. Antonio, and Ms. Fan are putting an itinerary together for Coleen
O'Brien to ensure her success and provide to her everything she needs for a successful start. This will include transition time
with Mr. Sullivan and set of knowledge books that describe the who, what, where and why to the RMLD, a luncheon with
senior staff, as well as a two day orientation with all employees. Mr. Sullivan asked the Board if they had anything they
wanted to add to that. Mr. Sot and Vice Chat Pacino said that it was a very good idea. Mr. Mancuso suggested trying to
allocate some time to integrate the Commission members in the schedule without being disruptive for some "get to know
you" time with the new General Manager. Mr. Soli suggested having the Commission members meet two and one so there is
no need to post. Mr. Talbot asked Mr. Sullivan to circulate the schedule. Mr. Sullivan said that the dates are loose. He is
planning a luncheon within the first week. The itinerary will come together two to three weeks after Ms. O'Brien's start date.
The transition period is going m be upfront from July 15 until he goes on vacation. Mr. Mancuso clarified that Mr. Sullivan
will be spending the bulk of his time to initiate the transfer of knowledge from Interim General Manager to General Manager.
There will be a period where she will be more actively engaged in the organization at which time the commission may want
to insert themselves. Mr. Mancuso asked, just as Mr. Talbot stated, to provide them with the schedule and add them in an
appropriate way. Mr. Mancuso stated that it is great news we have a new General Manager, however, he wanted to thank Mr.
Sullivan and the rest of the management team for helping the organization get through this period between general managers
which was not without its events. Everyone within the organization has pulled together in a great way and created an
opportunity for us to bring on a new General Manager. As the newest commission member he wanted to take this
opportunity to thank all for helping us get through this process.
Vice Chair Pacino said that he was going to do this under the General Manager's Report, but would particularly like m thank
Mr. Sullivan for his service during this period of time.
ID
Regular Session Meeting Minutes 3
Jane 26, 2013
General Manager Contract Negotiation Committee - Chairman Stempeek
Vice Chair Pacino stated that Mr. Sullivan has done yeoman's work for the interim transition with it being difficult at times.
ice Chair Pacino is thankful to the Department, but particularly for Mr. Sullivan's leadership. Mr. Talbot and Mr. Soli
seconded those comments and thanks.
Report of the Chairman (Attachment 1)
RMLD Board of Commissioners Committee and Assignments
This is on the Agenda to schedule Account Payable Assignments August to May.
Vice Chair Pacino provided the following Account Payable Assignments: August - David Talbot, September - David
Mancuso, October- John Stempeck The first backup will be Vice Chair Pacino.
Mr. Soli said that on another matter, at the April 24 RMLD Board meeting, there was a motion to reinstitute the Power &
Rate Committee and General Manager Committee which carred 4:0:0. The Power & Rate Committee as well as the General
Manager Committee are currently not staffed. Vice Chair Pacino suggested waiting until Chairman Stempeck is present then
this will be discussed at the next meeting. The RMLD representative to the Town of Reading Audit Committee will be Vice
Chair Pacino. Mr. Talbot said that he would like to discuss the Public Relations Committee once Ms. O'Brian is on board in
order to decide what we want to do with that.
Mr. Soli made a motion seconded by Mr. Mancuso m appoint Mr. Pacino to the Town of Reading Audit Committee.
Motion carried 4:0:0.
NEPPA Conference Attendance - RMLD General Manager
The RMLD Board approves overnight travel for the General Manager.
Mr. Soli made a motion seconded by Mr. Talbot to authorize the General Manager's overnight travel to the NEPPA
Conference.
Motion carried 4:0:0.
Mr. Talbot asked if the Board needs to approve the training. Vice Chair responded that training is in the commission budget.
General Manager's Report -Mr. Sullivan- Interim General Manager
Middleton Overpayment - Update
Mr. Sullivan reported that the RMLD will be receiving a check tomorrow from MELD in the amount of $406,558. As
requested by the Board, MELD has updated their invoices to indicate the number of fringe customer homes on each invoice.
This will further reduce the possibility of a rect rence. Now the RMLD knows how many homes are being charged for that
invoice so that Energy Services has a better understanding going forward of what those invoices should have for numbers.
Mr. Sullivan said that the RMLD is working with National Grid to get them to do the same thing on their billing.
Independent System Operator Demand Response - Update
Mr. Sullivan said that at the March meeting, a request was made by the Board to come back after May 31, with the numerical
value of how many municipalities have signed up for demand response. As of May 22, the number has grown to twenty -sin
utilities from eleven at the March meeting that allow demand response to take place through the Aggregators of Retail
Customers. There are forty-six Massachusetts utilities with the breakout as follows: twenty-six with demand response,
leaving a delta of twenty, eleven of the Massachusetts utilities do not have demand response customers, two Massachusetts
utilities restrict demand response which leaves seven in the balance.
Special Audit
Mr. Sullivan reported that Berry, Dunn, McNeil & Parker will perform the special audit of RMLD's power supply contracts.
The cost of the audit will be $6,000 plus expenses. The audit will be performed in July prior to RMLD's auditors Melanson
& Heath coming in. The anticipated completion dale will be August 1.
Reading Senior Center - Thursday. June 27
Maureen Hanifan, Customer Service Manager, and Priscilla Gottwald, Community Relations Manager will speak about
WED customer programs. Next Step Living an energy auditing firm currently working with the RMLD will speak about
energy audits.
Regular Session Meeting Minutes a
June 26, 2013
General Manager's Report— Mr. Sullivan — Interim General Manager
Vehicle Days — Thursday July 18 and Tuesday August 20
•
RMLD will participate in Vehicle Day on July 18 in North Reading and August 20 in Reading.
Coolidne Middle School Science Olympiad Team
The RMLD received a thank you from the Coolidge Middle School Science Olympiad Team which thanked the RMLD for
its generous contribution of light bulbs and key chains. These were exchanged during the swap meet which was part of the
Science Olympiad National Tournament held on May 18 at Wright Station University, Dayton, Ohio. They competed in the
tournament and placed twenty-four out of six thousand competing middle school teams. Mr. Sullivan extended his
congratulations.
On another matter, Mr. Sullivan requested that the Board look to revisit the Green Choice Rate and restructure that we have
spoken about that in the past. It is imperative that the Board look at that with the General Manager. Vice Chair Pacino stated
that he was in local agreement with Mr. Sullivan.
Power Supply Report — May 2013 — Mr. Seldon (Attachment 2)
Mr. Seldom presented rhe May Power Supply Report provided in the Commissioner packets covering power supply charges,
energy costs, fuel charges and collections, fuel reserve balance, spot market purchases, capacity costs, as well as the
percentage of RMLD's hydro projects and energy efficiency measures installed.
Mr. Seldon reported that RMLD's load for May was approximately 56.4 million kilowatt hours which was approximately a
.3% increase compared to May 2012. RMLD's energy cost came in at approximately $2.29 million that is equivalent to
approximately $.046 per kilowatt hour. Mr. Seldon stated that the Fuel Charge adjustment was set at $.045 per kilowatt how
for the month of May; the sales totaled 50,000,150 kilowatt hours, the RMLD under collected by approximately $176,000
which resulted in a Deferred Fuel Cash Reserve balance of $2.364 million. The Fuel Charge for June remains at $.045 per
kilowatt how.
The RMLD purchased about 17.54% of its energy requirements from the ISO New England Spot Market at an average cost
of about $43 per megawatt how. Mr. Seldon reported the RMLD hit a peak demand of 143.882 megawatts on May 31, 2013
•
at 4:00 p.m.; the average temperature was about 92 degrees which compares to a peak demand last year of 105 megawatts on
May 24, 2012, at 3:00 p.m. The average temperature was 73 degrees. The RMLD's monthly capacity requirement was set at
211.73 megawatts; the total dollars paid for capacity was $1.49 million which is equivalent to approximately $7.05 per
kilowatt month.
Mr. Soli pointed out that the Constellation contract has done terrific with the gas prices coming in at 3.5 cents total. Mr.
Seldon said that Constellation is very competitive. It is the newest addition to RMLD's portfolio. This contract reflects the
resulting effects of low gas prices.
Mr. Seldon reported that the RMLD does not have any banked RECs. The five hundred sixty five banked RECs from 2012
were retired on June 15, 2013. The quarter one 2013 RECs will be transferred to the RMLD on July 15. The projected
market value of the RECs that have been generated through May represent $371,875.
Mr. Talbot asked what the value for rebates on air conditioners is. Mr. Sullivan and Mr. Seldon responded that they do not
have that value. Mr. Talbot said that what he is thinking of doing is asking Home Depot and Lowes to refrain from selling
poor efficiency air conditioners in our community. Vice Chair Pacino said that Mr. Talbot's personal opinion is not
representative of the Department. Mr. Talbot pointed out that the RMLD gives out rebates for air conditioners that provide
about the same final cost for a more energy efficient model.
Mr. Talbot clarified that on the peak days, does the RMLD only pay what it uses to the peaking plants or are there mount
contracts whether we use it or not. Mr. Seldon explained that on the contracted rates for entities the RMLD has contracts
with the RMLD accepts everything they are going to give us. If we are short or long, this is bought or sold in the Spot
Market. Mr. Talbot said that hypothetically, if the RMLD has a public relations campaign and knocks down load a little bit,
does the RMLD benefit from this enormously. Mr. Seldon said that due to the luxury of how the portfolio is set up, it is the
Department's philosophy to make sure that everything is not tied up in only generation contracts (where they are over
generating). When a portion of energy is left, selling it or buying in the Spot Market provides the flexibility. It also leaves a
percentage of the portfolio open for the purchase of sustainable contracts.
•
Regular Session Meeting Minutes 5
June 26, 2013
Power Supply Report—May 2013—Mr. Seldon (Attachment 2)
[ Mr. Seldon said that the gas prices are at a low price, therefore, it is good to be in the Spot Market. Mr. Talbot asked what
60th. benefit is if the RMLD does knock a percentage off the demand at the worst time on the hottest day, what is the dollar and
cents value back to the RMLD. It would be good to know what m throw into that to achieve that.
Mr. Soli said that for ISO, the RMLD gets measured for its peak. That number plus approximately twenty-five percent is
what the RMLD owes the ISO for the rest of the year. Mr. Soli explained that the 211.7 megawatts includes the twenty-five
percent on the peak day. If on the peak day, customers shut off the air conditioning at the predicted peak, then the RMLD
will save money.
Mr. Talbot requested for the next meeting to take a hypothetical on the worst day in May or June and perform a "what if' for
demand. If it was decreased by one or two percent, what would be the savings for two hours. For the future it can be decided
what it would be worth to invest in achieving this so there is a number to work with. Mr. Sullivan pointed out that if you are
not eclipsing that peak (going beyond it) you will not save what you may think.
Mr. Talbot reiterated that on the May day where the peak was at its highest what would one percent less consumption save
the RMLD. Mr. Seldon responded that it is possible to estimate the number based on Monday, June 24 when both the RMLD
and the ISO hit a peak at 5:00 p.m. Mr. Talbot asked Mr. Seldon to come back with the numbers at the next meeting with
Monday as a benchmark.
Engineering and Operations Report— May 2013 — Mr. Sullivan (Attachment 3)
Mr. Sullivan presented the report included in the Commissioner packet covering the monthly capital projects, an update on
the metering project, and reliability reporting.
Mr. Sullivan reported the Customer Average Interruption Duration Index (CAIDI) monthly average value has dropped to its
second lowest value in the last year. Engineering and Operations are working to bring the Cour-year average interruption
duration to less than 60 minutes that is their goal. The average May CAB)I is 69.65 which is for the past five years. The
May CAB)I value is at 45.96 minutes.
®The average May System Average Interruption Frequency (SAIFI) is .05 outage incidents of frequency, which is nearly
identical to April. This is well below the RMLD four year average. Months Between Interruptions (MBTI) is at 41 months.
Mr. Sullivan reported on the meter upgrade project. The mitigation adjustments have been completed to the fixed network
system. The Department has been finalizing and tweaking the optimum placement of its repeaters. The installation of
commercial meters has slowed due to the hot weather and this is due to the demand. The commercial installations will
resume in September.
Vice Chair Pacino asked if the system had any issues with the hot weather this week. Mr. Sullivan responded that for the
month of June approximately a half dozen transformers were replaced. One was from a lighting strike Upton Drive,
Wilmington. Mr. Talbot inquired what caused the failures of the other transformers. Mr. Sullivan said that there were
overloads as well as a variety of reasons such as cribs being separated, thus requiring transformers, it ran the gamut. Mr.
Talbot asked what causes overload. Mr. Sullivan replied that when a transformer reaches it limitation it will eventually fad.
Mr. Talbot asked the total cost to replace a transformer. Mr. Sullivan replied that the lowest cost is $1,000, but it is
dependent on the size of the transformer.
Financial Report — May 2013 — Mr. Fournier (Attachment 4)
Mr. Fournier presented the financial report included in the Commission" packet including net lass $540,000, expenses and
revenues. Year to date net income is $2.4 million. Year to date kilowatt hour sales were 642,000,000 kilowatt hours sold
which is 162,000 kilowatt hours or 2.6% ahead of last year's actual figure. The Gaw revenues collected year to date this year
is $642,000, total collected since inception $1.9 million.
Mr. Founder reported that this weekend they will be performing the physical inventory count. The auditors will be out on
Monday to verify those physical counts and work on the account receivable confirmations. The field work for the audit will
be on August 12.
ry�1
LJ
Regular Session Meeting Minutes n
June 26, 2013
Financial Report — May 2013 — Mr. Fournier (Attachment 4)
Mr. Soli had a question on page 12a Accounting and Collection and Labor Expense is over budget, what did you buy. Mr. •
Fournier replied that he will get back to Mr. Soli.
Vice Chair Pacino asked if there will be a transfer of money into the Rate Stabilization Fonds because the Department did
that last year. Mr. Fournier responded that will be addressed in September depending on the results of the audit.
Vice Chair Pacino asked if Mr. Fournier anticipates that the RMLD will be over its eight percent. Mr. Fournier responded it
is difficult to say, but the early part of Jane as well as the recent weather will help the RMLD reach that goal.
General Discussion
There was none.
BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED
Rate Comparisons, June 2013
E -Mail responses to Account Payable/Payroll Questions
RMLD Board Meetings
Wednesday, August 14, 2013
Wednesday, September 25, 2013
Citizens' Advisory Board Meetine
August 21, 2013 — 6:30 pm (Tentative)
Fiscal Year 2015 Budget Meetings
April 2, 2014 — Lynnfreld — April 9, 2014
On another matter, Mr. Talbot pointed out that there was big news earlier this week. The President is going to regulate •
carbon and coal plants. It is important that we reduce these emissions. It may be higher price for some of our electricity.
Vice Chair Pacino pointed out that Senator Markey made a speech last night that this is an important issue for him going -
forward. Mr. Mancuso said that the state is leading the nation in its treatment of carbon which will help minimize the impact
because we are ahead of the curve.
Executive Session Minutes
Mr. Soli made a motion seconded by Mr. Talbot to approve the Executive Session meeting minutes of April 24, 2013.
Motion carried 4:0:0.
Although Executive Session was posted for the approval of the Executive Session meeting minutes, they were approved in
Regular Session.
Mr. Talbot had a follow up request on his peak demand issue, for the peak days for the year. Mr. Seldon said that the ISO
peaks with the incident peaks will give you the best scenarios. Mr. Talbot said that the spirit of this is simple, if you have "x"
then you will have "y". Mr. Talbot suggested using the ten honest days of the yew.
Adjournment
At 8:21 p.m. Mr. Mancuso made a motion seconded by Mr. Soli to adjourn the Regular Session.
A true copy of the RMLD Board of Commissioners minutes
as approved by a nmjority of the Commission.
David Talbot, Secretary, RMLD Board of Commissioners
0
ATTACHMENT
RMLD Board of Commissioners Committees and Assignments
June 26, 2013
Audit (Including Town of Reading Audit) Recommend audit findings to the Board.
Philip Pacino One member of Audit Committee meets at least semiannually with the
Robert Soli Accounting/Business Manager on RMLD financial issues.
Town of Reading Audit Committee - Sit on the Town of Reading Audit
Committee and select firm that performs annual financial audit or RMLD
pension most.
General Manager Search Committee
Not To Exceed One Year
John Stempeck, Chair
Philip Pacino
Public Relations Committee
Not To Exceed One Year
John Stempeck
David Talbot
Budget Committee
Robert Safi, Chair
Philip Pacino
David Talbot
-,neral Manager Contract Negotiation Committee
Stempeck, Chair
TFilip Pacino
Robert Soli
Policy Committee
Philip Pacino, Chair
David Mancuso
David Talbot
Assignments
Accounts Payable
Philip Pacino - June
Robert Soli - July
David Talbot - August
David Mancuso - September
John Stempeck - October
Philip Pacino - First Back Up
AssiarmenM
Payroll - Four Month Rotation
Philip Pacino, April -July
David Talbot, August - November
Robert Soli, December - March
John Stempeck, April - July
El
Recommend the RMLD General Manager.
From time to time review press releases and public relations programs.
Recommend Operating and Capital Budgets to the Board.
Recommend actuaries and actuary findings to the Board.
Make recommendation to RMLD Board for legal counsel.
Develop and negotiate General Manager Contract.
Recommend changes of Board policies to RMLB.
Review and approve payables on a weekly basis. This position
is rotational. It requires one signature.
No Commissioner may serve more than three consecutive
years on this Committee and must take a year leave
before returning to this Committee.
Review and approve payroll. This position is rotational every four
months. It requires primary signer and one back-up.
No Commissioner can serve more than three consecutive years
on this Committee and must take a year leave before returning
to this Committee.
r To:
From:
Date:
Kevin Sullivan
Energy Services
June 20, 2013
Subject: Purchase Power Summary - May, 2013
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of May, 2013.
ATTACHMENT
ENERGY
The RMLD's total metered load for the month was 56,418,284 kwh,
which is a
.028%
decrease from the May,
2012 figures.
Table I is a breakdown by source of the energy purchases.
TABLE 1
®
Amount of
Cost of
% of Total
Total $
S as a
Resource
Energy
Energy
Energy
Costs
%
(kWh)
(SIMWh)
Millstone#3
1406,419
56.99
2.49%
$9,827
0.43%
Seabrook
5,896,493
$8.22
10.45%
$48,446
2.12%
Stonybrook Intermediate
584,478
$81.86
1.04%
$47,845
2.09%
JP Morgan
6.790,800
$58.28
12.04%
$395,785
17.29%
NextEra
3.770,000
845.65
6.68%
$172,092
7.52%
NYPA
2,001,569
54.92
3.55%
$9,848
0.43%
ISO Interchange
9,897,080
$42.99
17.54%
$425,522
18.59%
NEMA Congestion
0
80.00
0.00%
$11,995
0.52%
Coop Resales
25,545
$137.00
0.05%
$3,500
0.15%
MacQuane
10,062,400
$44.08
17.84%
$443.503
19.37%
Summit Hydro
828,163
$54.76
1.47%
$45.349
1.98%
Braintree Watson Unit
163,855
$70.15
0.33%
$12,897
0.56%
Swift River Projects
1903,855
$103.87
3.37%
$197,750
8.64%
Constellation Energy
13,067.800
$35.58
23.16%
$464,927
2031%
Stonybrook Peaking
0
$0.00
0.00%
$0
0.00%
Monthly Total
56,418,457
$40.58
100.00%
$2,289286
100.00%
ATTACHMENT
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT •
Net Energy for the month of May, 2013.
Table 2
Amount Cost %of Total
Resource of Energy of Energy Energy
(kWh) ($/Mwh)
ISO DA LMP11,259,055 44.31 19.96%
Settlement
RT Net Energy" -1,361,975 44.96 -2.41%
Settlement
ISO Interchange 9,897,080 42.99 17.54%
(subtotal)
"Independent System Operator Day -Ahead Locational Marginal Price
" Real Time Net Energy
CAPACITY
The RMLD hit a demand of 143,882 kW, which occurred on May 31, at 4 pm. The
RMLD's monthly UCAP requirement for May, 2013 was 211,731 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
4,991
46.01
$229,648
15.39%
Seabrook
7,742
49.44
$382,780
25.66%
Stonybrook Peaking
24,981
1.77
$44,187
2.96%
Stonybrook CC
42,925
3.83
$164,521
11.03%
NYPA
4,019
3.91
$15,714
1.05%
Hydro Quebec
4,584
4.51
$20,671
1.39%
Nextera
60,000
5.50
$330,000
22.12%
Braintree Watson Unit
10,520
10.72
$112,750
7.56%
ISO -NE Supply Auction
51,969
3.69
$191,737
12.85%
Total
211,731
$7.05
$1,492,008
100.00%
is
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
Projects through May, 2013, as well as their estimated market value.
Table 5
Swift River RECs Summary
Period - January 2013 - May 2013
Ranked Projected Total Est.
RECs RECs RECs Dollars
Woronoco
Table 4 shows the dollar amounts for energy and capacity per source.
5,570
5,570
$184,000
Pepperell
0
Table 4
1375
$77,875
Cost or
0
2000
2000
$110,000
Turners Falls
%ot
Amt of Energy
Power
50
Resource
Energy
Capacity
Total cost
Total Cost
(kWh)
($/kWh)
Millstone#3
$9,827
$229.648
$239,475
6.33%
1,406,419
0.1703
Seabrook
$48,446
$382,780
$431,226
11.40%
5,896,493
0.0731
Stonybrook Intermediate
$47,845
$164,521
$212,366
5.62%
584,478
0.3633
Hydro Quebec
$0
$20,671
$20.671
0.55%
-
0.0000
JP Morgan
$395,785
$0
$395,785
10.47%
6,790,800
0.0583
NeatEra
$172,092
$330,000
$502,092
13.28%
3,770,000
0.1332
" NYPA
$9,848
$15,714
$25,561
068%
2,001,569
0.0128
ISO Interchange
$425,522
$191,737
$617,259
16.32%
9,897.080
0.0824
Noma Congestion
$11,995
$0
$11,995
0.32%
-
0.0000
MacQuarie
$443,503
$0
$443,503
11.73%
10,062,400
0.0441
" Summit Hydro
$45,349
$0
$45,349
1.20%
828,163
0.0548
Braintree Watson Unit
$12,897
$112,760
$125.647
3.32%
183,855
0,6834
" Swift River Projects
$197,750
$0
$197,750
5.23%
1,903,855
0.1039
Coop Resales
$3,500
$0
$3,500
009%
25,545
0.1370
Constellation Energy
$464,927
$0
$464,927
12.30%
13,067.800
00356
Stonybrook Peaking
$0
$44,187
$44,187
1.17%
-
0.0000
Monthly Total
$2,289,286
$1492,008
$3,781294
100.00%
56,418.457
0.0670
®
" Renewable Resources
8.39%
RENEWABLE ENERGY CERTIFICATES (RECs)
The RMLD sold 16,351
2012 RECs for $775,676
in 2013.
565 2012 RECs were retired.
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
Projects through May, 2013, as well as their estimated market value.
Table 5
Swift River RECs Summary
Period - January 2013 - May 2013
Ranked Projected Total Est.
RECs RECs RECs Dollars
Woronoco
0
5,570
5,570
$184,000
Pepperell
0
1325
1375
$77,875
Indian River
0
2000
2000
$110,000
Turners Falls
0
779
779
50
Grand Total
0
9,674
9,674
$371,875
11
TRANSMISSION •
The RMLD's total transmission costs for the month of May were $646,177. This is a
decrease of 9.8% from the April transmission cost of $716,410. In May, 2012 the
transmission costs were $600,009.
Table 6
•
Current Month
Last Month
Last Year
Peak Demand (kW)
143,882
91,391
112,240
Energy (kWh)
56,418.457
52,896,791
58,085,534
Energy ($)
$2.289,286
$2,220,542
$2,098.551
Capacity ($)
$1,492,008
$1,423,167
$1.349.221
Transmission($)
$646,177
$716,410
$600.009
Total
$4,427,471
$4,360,119
$4,047,782
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6/202013
2:54 PM
READING MUNICIPAL LIGHT DEPARTMENT
FY 13 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING MAY 31, 2013
A PROJECT DESCRIPTION
Edo Construction -System Projects
1 Essex Street - Reconductoring
2 4W1 3 OH Reconductoring - West Street
3 Upgrading of Old Lynnfield Center URDs (Partial CARRYOVER)
5 Shady Lane Area - Reconductoring
6 Federal Sheet - Reconductorirg
Station Leonard..
Station R4
8 Relay Replacement Project - (Partial CARRYOVER)
9 Station 4 Getaway Replacement -4W13
Total System Projects
Total Station Projects
R
R
119.309 119,309
4,430 161,779 157,349
SCADA Prolecis
10 Station 5 RTU (Remote Terminal Unit) Replacement W 22,670 22,670 56,163 33,493
4 Station 4 RTU (Remote Terminal Unit) Replacement (Partial CARRYOVER) R 7,760 158,190 80,653 (77,537)
Total SCADA Projects
New Customer Service Connactlona
12 Service Installations-Commerpalllndustdal Customers
13 Service Installations- Residential Customers
G. Routine uc6
Total Service Connections
Various RooutineutineContrtrudion
Total Construction Projects
Other Projects
15 GIS
16 Transformers/Capacitors Annual Purchases
17A Meter Annual Purchases
178 Meter Upgrade Project - (Partial CARRYOVER)
17C Meter Upgrade Project - Commercials
18 Purchase Vehicles
19 Purchase Line Department Vehicles
20 Purchase New Pole Doly
21 Automated Building Systems
22 Engineering Analysis software& date conversion (CARRYOVER)
23 Gaw Station Generator
24 Capital Repairs- Sladon One
25 New Carpeting
26 Water Heater Demand Response Technology
27 Hardware Upgrades
28 Software and Licensing
TOTAL FY 13 CAPITAL PROJECT EXPENDITURES
Completed
L�J
Total Other Projects
ALL 13,757 21,452 63,074 41,623
ALL 20.727 220,322 20],923 (12,399)
ALL
ACTUAL
YTO ACTUAL
ANNUAL
(830.843)
462,799
COST
COST
BUDGET
REMAINING
TOWN
MAY
THIRD 5131/13
AMOUNT
BALANCE
LC
18,288
22,761
197,855
175,094
W
985
19,412
188,193
168,781
LC
15,282
136,973
492,143
355,170
W
6,676
139,811
199,042
59,231
W
16,028
160,733
175,565
14,832
R
R
119.309 119,309
4,430 161,779 157,349
SCADA Prolecis
10 Station 5 RTU (Remote Terminal Unit) Replacement W 22,670 22,670 56,163 33,493
4 Station 4 RTU (Remote Terminal Unit) Replacement (Partial CARRYOVER) R 7,760 158,190 80,653 (77,537)
Total SCADA Projects
New Customer Service Connactlona
12 Service Installations-Commerpalllndustdal Customers
13 Service Installations- Residential Customers
G. Routine uc6
Total Service Connections
Various RooutineutineContrtrudion
Total Construction Projects
Other Projects
15 GIS
16 Transformers/Capacitors Annual Purchases
17A Meter Annual Purchases
178 Meter Upgrade Project - (Partial CARRYOVER)
17C Meter Upgrade Project - Commercials
18 Purchase Vehicles
19 Purchase Line Department Vehicles
20 Purchase New Pole Doly
21 Automated Building Systems
22 Engineering Analysis software& date conversion (CARRYOVER)
23 Gaw Station Generator
24 Capital Repairs- Sladon One
25 New Carpeting
26 Water Heater Demand Response Technology
27 Hardware Upgrades
28 Software and Licensing
TOTAL FY 13 CAPITAL PROJECT EXPENDITURES
Completed
L�J
Total Other Projects
ALL 13,757 21,452 63,074 41,623
ALL 20.727 220,322 20],923 (12,399)
ALL
268,492
1,819,054
988,211
(830.843)
462,799
. _389,665
2,725,809
2,921 10
204,102
10,054
87,365
97,495
10,130
462,799
284,000
(178,799)
78,997
49,710
(29,287)
20,816
576.305
564,416
(11,890)
6,440
433.762
551,853
118,091
65,000
65,000
474,861
570,000
95,139
14,771
12,000
(2,771)
150,000
150,000
76,789
76,789
55,000
55,000
400,000
400,000
35,000
35.000
200,088
336,611
136,523
74,581
126,629
52,048
9,326
88,641
119,002
30.361
46,636
2,492,170
3493,505
1,001,336
436,301
5,217,979
6,423.416
1,205,437
ATTACHMENT
Reading Municipal Light Department
`. Engineering and Operations
Monthly Report
May 2013
FY 2013 Capital Plan
E&O Construction - System Proiects
1 Reconductoring of Essex Street, Lynnfield Center: Line Department: install
transformers, switch out risers, rise existing spacer cable to new arms, install arms,
transfer guy wire, install messenger dead-end.
2 4W13 OH Reconductoring Project, West Street, Wilmington: Engineering time.
3 Upgrading of Old Lynnfield Center URDs: Engineering: meet with Town; work on
MH diagrams, conduit and MH installation. Line Department., install new primary URD
cable, install conduit and manholes.
5 Shady Lane Drive Area, Wilmington: Line Department: frame and make ready for
primary spacer cable, transfer service. Project Completed.
6 Federal Street, Wilmington - Reconductoring: Engineering time. Line Department:
secondary wire pull, install new transformer, transfer service, guy work, install spider
rope, install triplex cable. Project Completed.
Station Upgrades
Station 4 Relay Replacement Project - Reading - No Activity Fiscal Year to Date.
Station 4 Getaway Replacement - 4W13 - No Activity in May.
SCADA Projects
10 Station 5 RTU Replacement, Wilmington: Purchase RTU station controller.
Station 4 RTU Replacement: Senior Technician work. Project Completed.
New Customer Service Connections
12 Service Installations - Commercial/Industrial Customers - This item includes new
service connections, upgrades, and service replacements for the commercial and
industrial customers. This represents the time and materials associated with the
replacement of an existing or installation of a new overhead service, the connection of an
underground service, etc. This does not include the time and materials associated with
pole replacementstinstallations, transformer replacements/installations, primary or
secondary cable replacements/installations, etc. This portion of the project comes under
routine construction. Notable: North Reading High School Temp Service.
June 20, 2013
13 Service Installations — Residential Customers — This item includes new or •
upgraded overhead and underground services, temporary overhead services, and
large underground development.
Routine Construction:
14 Routine Construction — The drivers of the Routine Construction budget category
YTD are listed. This is not an inclusive list of all items within this category.
Pole SettinglTransfers
$343,252
Maintenance Overhead/Underground
$423,828
Projects Assigned as Required
$299,205
Pole Damage includes knockdowns some reimbursable
$86,062
Station Group
$15,368
Hazmatl0d Spills
$2,908
Porcelain Cutout Replacement Program
$624
Lighting Street Light Connections
$26,835
Storm Trouble
$134,992
Underground Subdivisions
$51,448
Animal Guard Installation
$35,602
Miscellaneous Capital Costs
$398,930
TOTAL
$1,819,054
'In the month of May three (3) cutouts were charged under this program. Approximately
18 cutouts were installed new or replaced because of damage making a total of 21
cutouts replaced this month.
June 20, 2013
•
•
® Reliability Report
Two key industry standard metrics have been identified to enable the RMLD to measure and track
system reliability. A rolling 12 -month view is being used for the purposes of this report.
E
Customer Average Interruption Duration Index (CAIDI) measures how quickly the RMLD
restores power to customers when their power goes out.
CAIDI = Total of Customer Interruption Duration for the Month in Minutes = Total Number
of Customers Interrupted.
RMLD 12 -month system average outage duration: 62.33 minutes
RMLD four-year average outage (2006-2009): 50.98 minutes per outage
On average, RMLD customers that experience an outage are restored in 62.33 minutes.
June 20, 2013
12000
5'
c
f
m
a
O
E
0
m
U
LMwthly minutes per outage
RMLD 12 month system average adage tluration 82.33
RMLD4 ear avers eoNa auraGon 50.98200& 2009
3
100.72
oo.00
88.89
80.00
78 82
81
60.00
-
48. 2 794
4o.cD
zo.co
0.00
3
System Average Interruption Frequency (SAIFI) – Measures how many outages each •
customer experiences per year on average.
SAIFI = Total Number of Customers Interrupted a Total Number of Customers
RMLD 12 -month system average: 0.29 outages per year
RMLD four-year average outage frequency: 0.62
The graph below tracks the month -by -month SAIFI performance.
0.90 0,84
0.80
0.
0.70 69
m
0.60
6 50
c 0.50
0.39
0.40
m
v 0.30 -- —
LL 2 1 .19
0.20
o.a9
0.10
0.00
0IV N% N% N% 1% N% 1� \A N� \A \A
5g 5� VO�7 d" o°` '0
—�— RMLD monthly outage frequency
RMLD 12 month system average outage frequency 29
RMLD 4 year average outage frequency .62 (2006-2012)
Months Between Interruptions (MBTI)
Another view of the SAIFI data is the number of months RMLD customers have no interruptions.
At this time, the average RMLD customer experiences an outage approximately every 41
months.
June 20, 2013 4
A
is
• Du June 25, 2013
To: RMLB, Kevin Sullivan., Jeanne Foti
Fr: Bob Fournier
Sj: May 31, 2013 Report
The results for the eleven months ending May 31, 2013, for the fiscal year 2013
will be summarized in the following paragraphs.
1) Change in Net Assets: (Page 3A)
For the month of May, the net loss or the negative change in net assets was
$539,633, decreasing the year to date net income to $2,435,437. The year to date
budgeted net income was $3,234,568 resulting in net income being under budget
by $799,131 or 24.7%. Actual year to date fuel revenues exceeded fuel expenses
by $523,890.
2) Revenues: (Page I IB)
Year to date base revenues were under budget by $1,975,589 or 4.5%. Actual
base revenues were $41.6 million compared to the budgeted amount of $43.6
million.
® 3) Expenses: (Page 12A)
*Year to date purchased power base expense was under budget by $1,865,538 or
6.8%. Actual purchased power base costs were $25.6 million compared to the
budgeted amount of $27.5 million.
*Year to date operating and maintenance (O&M) expenses combined were over
budget by $286,722 or 2.6%. Actual O&M expenses were $11.3 million
compared to the budgeted amount of $11.0 million.
*Depreciation expense and voluntary payments to the Towns were on budget.
4) Cash: (Page 9)
*Operating Fund was at $8,722,213.
* Capital Fund balance was at $2,783,545.
* Rate Stabilization Fund was at $6,691,258.
* Deferred Fuel Fund was at $2,793,934.
* Energy Conservation Fund was at $322,604.
5) General Information:
Year to date kwh sales (Page 5) were 642,946,522 which is 16.2 million kwh or
2.6%, ahead last year's actual figure. GAW revenues collected ytd were
$642,726, bringing the total collected since inception to $1,939,809.
6) Budget Variance:
Cumulatively, the five divisions were over budget by $295,941 or 1.67%.
ATTACHMENT4
FINANCIAL REPORT
MAY 3152013
ISSUE DATE: JUNE 25, 2013
TOW OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTNERT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
5/31/13
101
PREVIOUS YEAR
CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH
(BCH A
P.9)
9,895,165.01
8,725,213.32
RESTRICTED CASH
(BCH A
P.9)
19,162,596.07
19,623,340.21
RECEIVABLES, NET
(BCH B
P.10)
6,276,901.98
7,583,306.81
PREPAID EXPENSES
(BCH B
P.10)
1,029,152.23
1,019,620.24
INVENTORY
1,504,841.60
1,575,212.39
TOTAL CURRENT ASSETS
89
3].068,]36
38,526,692.97
NONCURRENT
INVESTMENT IN ASSOCIATED CO
(SCH C
P.2)
61,574.36
43,074.63
CAPITAL ASSETS, NET
(BCH C
P.2)
68,582,488.36
]0,528,)34.60
TOTAL NONCURRENT ASSETS
68.fi41. Ofi 2.)2
]0.5)1,809.23
TOTAL ASSETS
106.512.)99.63
109.098,502.20
LIABILITIES
CURRENT
ACCOUNTS PAYABLE
4,583,936.92
4,53),683.]1
CUSTOMER DEPOSITS
®
625,662.49
684,326.24
CUSTOMER ADVANCES FOR CONSTRUCTION
348,505.17
383,356.95
ACCRUED LIABILITIES
1,223,183.70
1,537,278.36
TOTAL CURRENT LIABILITIES
6A81. 188.18
7,142,645.16
NONCURRENT
ACCRUED EMPLOYEE COMPENSATED ABSENCES
2,934,698.58
1,986,360.21
TOTAL NONCURRENT LIABILITIES
3.934,698.58
2.986,360.21
TOTAL LIABILITIES
9.]15.986.86
10.119,005.47
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEET
68,582,400.36
]0,528,)34.60
RESTRICTED FOR DEPRECIATION POND
(P.9)
3,206,854.31
2,783,545.84
UNRESTRICTED
24,92],4]0.08
25,657,216.29
TOTAL NET ASSETS
(P.3)
9fi.)96,812.)5
98,969,496.]3
TOTAL LIABILITIES AND NET ASSETS
106,511,799.61
109.098,502.20
101
TOM OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCGRRBNT ASSET SCHEDULE
5/31/13
•
SCHEDULE C
PREVIOUS YEAR
CURRENT YEAR
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEN ENGLAND HYDRO ELECTRIC
12,631.19
2,975.74
NEN ENGLAND HYDRO TRANSMISSION
48,943.17
40.098.89
TOTAL INVESTMENTS IN ASSOCIATED COMPANIES
61 574.36
43,074.63
SCHEDULE OF CAPITAL ASSETS
LAND 1,265,842.23
STRUCTURES AND IMPROVEMRNTS 6,778,053.52
EQUIPMENT AND FURNISHINGS 13,032,604.15
INFRASTRUCTURE 47,505,988.46
TOTAL CAPITAL ASSETS, NET 60.502,400.36
TOTAL NONCURRENT ASSETS 68,644,062.72
121
1,265,842.23
6,002,833.03
13,224,701.80
49.235.357.54
70,528,)34.60
)0.5)1.809.33
C
C,
J
TOWN OF READING, NASSACHOSBTTS
MUNICIPAL LIGHT DEPARTMENT
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE
PURCNASBD POWHR FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMHNTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
OPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
1,952.992.83
BOSINE68-TYPE PROPRIETARY POND
2,122.543.60
2,435,436.74
22,707,982.18
-23.73%
25,609,011.96
40 9TAISNENT OF REVENUES,
EXPENSES AND CNANDES
IN FUND NET ASSETS
2,098,550.90
2,289,286.11
32,466,825.39
96 ,T96
30,839,806.50
5/31/13
-5.01%
2.24%
720.722.99
805,048.14
7,846,508.34
NONTB
8,850,509.16
NONPH
LAST YEAR
CURRENT YEAR
YTD
%
2,530,196.77
LAST YEAR
2,492,814.51
CURRENT YEAR
TO DATE
1G DATE
CHANGE
OPBAATING REVENUES: (Sm D P.11)
3,256,302.17
3,360,160.98
3.13%
113.000.00
114 000.00
BASE REVENUE
3,230,])5.49
3,206,196.58
40,872,659.51
D.66%
41,603,125.68
1.98%
FUEL REVENUE
2,344,120.24
2,260,618.34
32,653,406.45
32,053,062.]5
-1.04%
PURCHASED PONER CAPACITY
(9,376.89)
(275,678.84)
(119,068.00)
1,177,275.06
-1000.74%
FORFEITED DISCOUNTS
55,711.23
57,983.14
829,403.37
079,061.52
5.99%
ENERGY CONSERVATION REVENUE
48,567.85
49,448.13
557,251.34
632,948.19
13.58%
GAN REVENUE
49,363.61
50,244.73
626,798.83
642,726.33
2.54%
NYPA CREDIT
(33.019.19)
(17.730.20)
(596,104.S4)
(609.366.10)
15.63%
TOTAL OPERATINO REVENUES
5,606,142.34
5,411,081.80
74,824,266.96
76,378,034.13
2.08%
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE
PURCNASBD POWHR FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMHNTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
OPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
1,952.992.83
165 536 73 (539.633.26) 3,193.230.28
2,122.543.60
2,435,436.74
22,707,982.18
-23.73%
25,609,011.96
NET ASSETS AT BEGINNING OF YR"
12.70%
2,098,550.90
2,289,286.11
32,466,825.39
96 ,T96
30,839,806.50
-5.01%
2.24%
720.722.99
805,048.14
7,846,508.34
8,850,509.16
12.80%
180,746.53
248,251.54
2,530,196.77
2,492,814.51
-1.46%
296,027.47
305,469.18
3,256,302.17
3,360,160.98
3.13%
113.000.00
114 000.00
1.239.186.00
_1,247,303.00
D.66%
5,362,042.72 5,885,390.57 70,047,DO2.85 72,399.686.11 3.36%
324,099.62 (474,316.77) 4,777,264.11 3,979,148.02 -26.71%
0.00
165 536 73 (539.633.26) 3,193.230.28
33,507.40
2,435,436.74
54,965.54
-23.73%
154,070.50
NET ASSETS AT BEGINNING OF YR"
100.30%
(183,829.75)
(188.785.50)
(2,022,127.25)
96 ,T96
(2,D76,641.40)
2.70%
2.24%
3,572.46
2,457.09
77,135.65
32,144.50
-58.33%
(503.00)
1255.29)
(7,234.50)
(3,870.79)
-46.50%
25,197.40
87,759.89
313,226.73
350,585.83
11.93%
(155.562.09)
(65,316.49)
(1.594.033.93)
(1.543.711.26)
-2.55%
CHANGE IN NET ASSETS
165 536 73 (539.633.26) 3,193.230.28
2,435,436.74
-23.73%
NET ASSETS AT BEGINNING OF YR"
93,603,582.47
96,534,059.99
3.13%
NET ASSETS AT END OF MAY
96 ,T96
2.24%
A
13)
TONS OF READING, NA88ACHDSETTS
NONICIPAL LIGHT DEPARTSBNT
BUSINESS -TYPE PROPRIETARY FUEL
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
5/31/13
OPERATING REVENUES: (BCH P P.11B)
BASE REVENUE
FUEL REVENUE
PURCHASED POWER CAPACITY
FORFEITED DISCOUNTS
ENERGY CONSERVATION REVENUE
GAN REVENUE
NYPA CREDIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES: (BCH G P.12A)
PURCHASED POWER BASE
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAY!@NTS TO TOWS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTEENT TO READING
INTEREST INCOME
INTEREST EXPENSE
MEER (EDER AND AMORT)
TOTAL NONOPERATING REV (EXP)
CHANGE IN NET ASSETS
NBT ASSETS AT BEGINNING GP YEAR
NET ASSETS AT ENO GP NAY
• ( ) . ACTUAL UNDER BUDGET
ACTUAL BUDGET %
YEAR TO DATE YEAR TO DATE VARIANCE' CHANGE
41,683,125.68
43,658,715.00
(1,975,589.32)
-4.53%
32,053,062.75
28,823,033.00
3,230,029.75
11.21%
1,177,275.76
1,971,975.00
(794,699.24)
-40.30%
879,061.52
960,491.00
(81,429.48)
-8.40%
632,940.19
650,976.00
(18,027.81)
-2.77%
642,726.33
650,976.00
(8,249.67)
-1.27%
(689.366.10)
(641.663.00)
(47.703.10)
7.43%
76,378,834.13 76,074,503.00 304,331.13 0.40%
25,609,011.96
27,474,550.00
(1,865,538.04)
-6.79%
30,839,806.50
28,231,610.00
2,608,196.50
9.24%
818501509.16
8,614,917.00
235,592.16
2.73%
2,492,814.51
2,441,684.00
51,130.51
2.09%
3,360,160.98
3,345,837.00
14,323.98
0.43%
1.247.383.00
1,254,000.00
(6.617.00)
-0.53%
72,399,686.11 71,362,598.00 1,037,088.11 1.45%
3,979,145.02 4,711,905.00 (]32,]56.98) -15.55% 0
154,070.50
400,000.00
(245,929.50)
-61.48%
(2,076,641.40)
(2,076,250.00)
(391.40)
0.02%
32,144.58
91,663.00
(59,518.42)
-64.93%
(3,810.79)
(2,750.00)
(1,120.79)
40.76%
350,585.83
110,000.00
240,585.83
218.71%
(1.543.711.28) (1.477.337.00) (66.374.28) 4.49%
2,435,436.74 3,234,568.00 (799,131.26)
96,534,059.99 96,534,059.99 0.00
98,969,496.]3 99,]68,627.99 (799,131.26)
(3A)
-24.]1%
0.00%
0.80%
•
G
TOWN OF READING, NASSACNORETTS
KUNICIPAL LIGHT DEPARMUTT
RECONCILIATION OF CAPITAL PONDS
5/31/13
SOURCE OF CAPITAL PONOS:
DEPRECIATION FUND BALANCE 7/1/12 2,635,205.70
CONSTRUCTION FUND BALANCE 7/1/12 2,000,000.00
INTEREST ON DEPRECIATION BUND FY 13 61158.03
DEPRECIATION TRANSFER PY 13 3,360 160.98
TOTAL SOURCE OF CAPITAL FUNDS 0,001,524.71
USE OF CAPITAL FUNDS:
LESS PAID ADDITIONS TO PLANT TNRU NAY 5.217.978.87
GENERAL LEDGER CAPITAL FUNDS BALANCE 5/31/13 2.783.545.84
TONS OF RGDING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTNEHT
BALES OPKILOWATT HOURS
5/31/13
NUNICIPAL SALES:
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD
%
SALES OF ELECTRICITY:
LAST THAN
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
15,722,953
15,929,164
228,226,577
236,710,546
3.72%
950.925
COMM. AND INDUSTRIAL SALES
31,290,950
31,870,592
370,441,334
377,581,825
1.93%
202,536
PRIVATE STREET LIGHTING
73,075
73,699
804,20E
806,435
0.28%
12,950,073
TOTAL PRIVATE CONSUMERS
47,086,978
47,873,455
599,472,119
615,090,806
2.61%
642,946.533
NUNICIPAL SALES:
STREET LIGHTING
237,586
239,495
2,625,863
2,622,837
-0.12%
HUNICIPAL BUILDINGS
713,339
742,789
8,740,381
9,100,414
4.12%
TOTAL MUNICIPAL CONSUNERS
950.925
982,284
11,366,244
11.723.251
3.14%
SALES FOR RESALE
202,644
202,536
2,960,202
2,971,590
0.38%
SCHOOL
11111,885
1,146,467
12,950,073
13,152,875
1.57%
TOTAL KILOWATT HOURS SOLD
49.352.432
50.204.742
626,748,638
642,946.533
2.58%
151
C,
J
•
0
TOWN OF READING, NASSACHNSETTS
HVNICIPAL LIGHT DEPARTMENT
KILOWATT HOOKS SOLD BY
TOWN
5/31/13
TOTAL
READING
LYNNPIELD
NO.READINO
HILKINGTON
MONTH
RESIDENTIAL
15,929,164
5,481,452
1,997,864
3,744,836
4,705,022
C09B4 6 IND
31,870,592
3,877,588
340,862
5,135,598
23,616,544
PVT ST LIGHTS
73,699
13,433
1,360
21,924
36,982
PUB ST LIGHTS
239,495
80,662
32,500
41,666
04,667
HUNI BLDGS
742,789
183,404
134,368
154,237
270,780
SALES/RESALE
202,536
302,536
0
0
0
SCHOOL
1,146,467
403,296
257,143
150,640
335,388
TOTAL
50.204.742
10,242,371
2,664,097
9,248.091
]0,049.383
YEAR TO DATE
RESIDENTIAL
236,710,546
74,501,948
33,466,441
54,560,338
74,180,919
COMM A ING
377,581,835
47,241,160
2,960,518
58,463,390
268,917,757
PVT ST LIGHTS
806,435
148,979
14,960
335,692
406,804
PUB ST LIGHTS
2,632,837
886,022
357,460
449,058
930,297
MUNI SLUGS
9,100,414
2,393,296
1,684,310
1,697,764
3,335,144
SALES/RESALE
2,971,590
2,971,590
0
0
0
SCHOOL
13,152,875
4,635,284
3,893,733
11694,880
3,939,988
TOTAL
641,996 522
132,769.3]9
41,376.31]
117,100.033
351,700,909
LAST YEAR
TO DATE
RESIDENTIAL
228,226,577
71,862,373
31,961,479
53,304,898
71,097,827
COMM A IND
370,441,334
46,938,641
2,962,600
57,313,471
263,227,622
PVT ST LIGHTS
804,208
153,727
14,960
237,416
399,105
PUB ST LIGHTS
2,635,863
885,396
357,013
439,172
944,273
MUNI SLUGS
8,740,381
3,374,894
1,491,155
1,697,173
3,277,159
SALES/RESALE
2,960,203
2,960,203
0
0
0
SCHOOL
12,950,073
4,619,844
3,808,363
1,662,200
3,859,666
TOTAL
626,740,638
139.694,077
39,595.579
114,653.3]0
342.805,652
KILOWATT HOURS
SOLD TO TOTAL
TOTAL
READING
LYNNPIELD
NO.READINO
NILNINGTON
NORTH
RESIDENTIAL
31.73%
10.93%
3.98%
7.46%
9.37%
C09Df 6 IND
63.48%
7.72%
0.48%
10.23%
45.05%
PVT ST LIGHTS
0.15%
0.03%
0.00%
0.04%
0.08%
PUB ST LIGHTS
0.48%
0.16%
0.06%
0.00%
0.18%
MUNI BIGGS
1.48%
0.37%
0.27%
0.31%
0.53%
SALES/RESALE
0.40%
0.40%
0.00%
0.00%
0.00%
SCHOOL
2.28%
0.80%
0.51%
0.30%
0.67%
TOTAL
100.00%
10.40%
5.30%
10.42%
55.83%
YEAR TO DATE
RESIDENTIAL
36.83%
11.59%
5.21%
8.49%
11.54%
COMM 6 IND
58.73%
7.35%
0.46%
9.09%
41.83%
PVT ST LIGHTS
0.12%
0.02%
0.00%
0.04%
0.06%
POB ST LIGHTS
0.41%
0.14%
0.06%
0.07%
0.14%
NONI SLOGS
1.41%
0.37%
0.26%
0.36%
0.52%
SALES/RESALE
0.46%
0.46%
0.00%
0.00%
0.00%
SCHOOL
2.04%
0.72%
0.45%
0.26%
0.61%
TOTAL
100.00%
20.65%
6.44%
18.21%
54.70%
LAST YEAR
TO DATE
RESIDENTIAL
36.41%
11.47%
5.10%
8.50%
11.34%
COM 6 IND
59.11%
7.49%
0.47%
9.14%
42.01%
PVT ST LIGHTS
0.12%
0.02%
0.00%
0.04%
0.06%
PUB ST LIGHTS
0.42%
0.14%
0.06%
0.07%
0.15%
HUN RIDGE
1.39%
0.36%
0.24%
0.27%
0.53%
SALES/RESALE
0.47%
0.47%
0.00%
0.00%
0.00%
SCHOOL
2.08%
0.74%
0.45%
0.27%
0.62%
TOTAL
100.00%
20.69%
6.32%
18.29%
54.70%
161
TOIM OF RE INO. MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA. INCOME
5/31/13
TOTAL OPERATING REVENUES
ADD:
POLE RENTAL
LESS:
(P.3) 76,378,834.13
INTEREST INCOME ON CUSTOMER DEPOSITS
OPERATING EXPENSES (P.3)
CUSTOMER DEPOSIT INTEREST EXPENSE
FORMULA INCOME (LOSS)
0.00
1,187.97
(73,399,686.11)
(3,830.79)
3.976,465.30
C,
J
•
0
to
SALE OF RHO (P.5)
RHH PURCHASED
AVE BASE COST PER ARE
AVE BABE SALE PER SHE
AVE COST PER IMM
AVE SALE PER RWH
MEL CHARGE REVENUE (P.3)
LOAD FACTOR
A
TOM OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTHENT
GENERAL STATISTICS
5/31/13
HOME OF
MY 2012
49,352,432
58,267,384
0.033518
0.065463
0.069534
0.112961
2,344,120.24
71.11%
112,240
MONTH OF
% CHANGE
YEAR
THRU
HAY 2013
2012
2013
MAY 2012
NAY 2013
50,204,742
-3.67%
2.58%
626,740,638
642,946,522
56,418,457
6.32%
1.75%
652,543,829
663,974,540
0.037621
-7.47%
10.83%
0.034799
0.038569
0.065456
2.23%
-0.59%
0.065214
0.064831
0.078198
-7.99%
0.55%
0.084553
0.085017
0.110484
-2.98%
-2.24%
0.117313
0.114685
2,260,618.34
-11.71%
-1.84%
32,653,406.45
32,053,062.75
53.71%
143,082
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UNRESTRICTED CASH
CASH - OPERATING POND
CASH - PETTY CASH
TOTAL UNRESTRICTED CASH
RESTRICTED CASH
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
5/31/13
CASH - DEPRECIATION FUND
CASH - TOWN PAYMENT
CASH - DEFERRED FUEL RESERVE
CASH - RATE STABILIZATION FUND
CASH - UNCOLLECTIBLE ACCTS RESERVE
CASH - SICR LEAVE BENEFITS
CASH - HAZARD WASTE RESERVE
CASH - CUSTOMER DEPOSITS
CASH - ENERGY CONSERVATION
CASH - OPEB
TOTAL RESTRICTED CASH
G
TOTAL GSH BALANCE
G
SCHEDULE A
PREVIOUS YEAR CURRENT YEAR
9,892,165.01
8,722,213.32
3,000.00
3,000.00
9.895.165.01
8.725.213.32
3,286,854.31
2,783,545.84
1,788,000.00
1,513,927.50
2,645,621.30
2,793,934.63
6,074,335.60
6,691,250.15
200,000.00
200,000.00
2,955,744.59
2,980,453.45
150,000.00
150,000.00
625,662.49
684,326.24
262,121.28
322,604.15
1,174,256.50
1,495,290.25
19,162,596.07
19,623.340.21
29,057.761.00 28.340.553.53
TOWN OF READING. MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE •
5/31/13
SCHEDULE B
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
PREVIOUS YEAR
2,989,990.35
CURRENT YEAR
SCHEDULE OF ACCOUNTS RECEIVABLE
PREPAYMENT PURCHASED POWER
87,324.59
65.467.79
RESIDENTIAL AND COMMERCIAL
1,818,577.57
240,782.65
2,989,990.35
241,049.32
ACCOUNTS RECEIVABLE - OTHER
130,727.23
133,394.85
188,360.06
178,155.33
ACCOUNTS RECEIVABLE - LIENS
33,509.80
14,523.70
28,132.35
14,523.70
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES
892.14
1.029 152.23
892.14
1.019.620.24
SALES DISCOUNT LIABILITY
(219.729.88)
(262.144.63)
60 DAYS
RESERVE FOR UNCOLLECTIBLE ACCOUNTS
(317.289.25)
3.406
(277.060.29)
TOTAL ACCOUNTS RECEIVABLE BILLED
1,446,687.61
2,667.369.98
UNBILLED ACCOUNTS RECEIVABLE
4,830,294.37
59.842.05
4,915,936.83
2.196
TOTAL ACCOUNTS RECEIVABLE, NET
6.276,981.98
TOTAL
7.583.306.81
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
553,126.44
2,989,990.35
519,624.10
PREPAYMENT PURCHASED POWER
87,324.59
65.467.79
PREPAYMENT HYPA
240,782.65
GENERAL LEDGER BALANCE
241,049.32
2 727 845
PREPAYMENT WATSON
133,394.85
178,155.33
PURCHASED POWER WORKING CAPITAL
14,523.70
2,303,802.90
14,523.70
84.466
TOTAL PREPAYMENT
1.029 152.23
30 DAYS
1.019.620.24
ACCOUNTS RECEIVABLE AGING NAY 2013:
RESIDENTIAL AND COMMERCIAL
2,989,990.35
LESS: SALES DISCOUNT LIABILITY
(262.144.63)
GENERAL LEDGER BALANCE
2 727 845
72
CURRENT
2,303,802.90
84.466
30 DAYS
251,558.53
9.226
60 DAYS
92,723.45
3.406
90 DAYS
19,918.79
0.73%
OVER
90 DAYS
59.842.05
2.196
TOTAL
2727.845.72
100.006
•
9
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
MUNICIPAL SALES:
SCHEDULE
OR OPERATING
REVENUE
73,526,065.96
73,736,188.43
0.29%
5/31/13
27,990.59
27,209.24
340,283.60
311,418.87
-0.48%
MUNICIPAL BUILDINGS
04,132.10
SCHEDULE D
110511070.67
1,044,819.41
MONTH
MONTH
LAST YEAR
112.122.69
CURRENT YEAR
ITS
k
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
1,995,338.55
1,991,361.32
29,803,994.27
SALES FOR RESALE
30,280,691.12
1.604
COMM AND INDUSTRIAL SALES
3,315,297.13
3,291,230.73
40,426,790.03
40,211,909.56
122,782.90
-0.53%
123,871.39
PRIVATE STREET LIGHTING
5,714.54
5,615.74
1,469,966.65
71,212.93
-0.22%
64,927.97
-8.03%
TOTAL PRIVATE CONSUMERS
5.316,350.22
5.288.207.79
70.302,005.23
70.557.528.65
0.36%
MUNICIPAL SALES:
5,574,895.73
5,546,814.92
73,526,065.96
73,736,188.43
0.29%
STREET LIGHTING
27,990.59
27,209.24
340,283.60
311,418.87
-0.48%
MUNICIPAL BUILDINGS
04,132.10
84,324.29
110511070.67
1,044,819.41
-0.59%
TOTAL MUNICIPAL CONSUMERS
112.122.69
111.533.53
1.391.354.27
1.356 238.28
-2.52%
TOTAL REVENUE
SALES FOR RESALE
23,639.92
23,202.21
359,439.96
352,454.85
-1.94%
SCHOOL
122,782.90
123,871.39
1,473,266.50
1,469,966.65
-0.22%
t SUB -TOTAL
(vFORFEITED
5,574,895.73
5,546,814.92
73,526,065.96
73,736,188.43
0.29%
DISCOUNTS
55,711.23
57,983.14
829,403.37
879,061.52
5.99%
PURCHASED POWER CAPACITY
(9,376.89)
(275,678.84)
(119,068.00)
1,177,275.76
-1088.74%
ENERGY CONSERVATION - RESIDENTIAL
15,733.46
15,946.05
204,903.06
236,867.89
15.60%
ENERGY CONSERVATION - COMMERCIAL
32,834.39
33,502.08
352,347.48
396,080.30
12.41%
GAN REVENUE
49,363.61
50,244.73
626,798.83
642,726.33
2.54%
NYPA CREDIT
(33,019.19)
(17,730.28)
(596,184.54)
(689,366.10)
15.63%
TOTAL REVENUE
2.08%
5.686,142.74
5,411.081.80
74,624,266.96
76,378,834.13
(aal
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOM •
5/31/13
LAST YEAR TO DATE
RESIDENTIAL
TOTAL
READING
READING
NO.READING
LYNNPIELD
MONTH
NO.READING
WILMINGTON
MONTH
INDUS/MUNI BLDG
41,477,860.70
5,727,780.65
528,376.7D
35.90%
6,615,925.41
12.37%
28,605,785.94
RESIDENTIAL
1,991,361.32
340,283.60
686,207.94
109,336.70
249,080.90
42,406.44
462,036.18
61,507.93
509,036.30
126,952.53
INDUS/MUNI BLDG
3,375,555.02
71,212.93
451,639.00
13,231.70
42,761.48
1,298.62
558,856.23
22,054.77
2,322,298.23
34,627.84
PUB.ST.LIGHTS
27,209.24
359,439.96
0,855.51
359,439.96
3,498.22
0.00
4,614.57
0.00
10,040.94
0.00
PRV.ST.LIGHTS
5,615.74
1,473,266.50
1,008.43
530,136.60
102.02
314,015.63
1,729.15
193,965.41
2,776.14
435,148.86
CO-OP RESALE
23,202.21
73,526,065.96
23,202.21
16,147,661.71
0.00
5,048,045.87
0.00
13.840.363.08
0.00
38,489.995.30
SCHOOL
123,871.39
44,032.20
27,155.79
18.91%
16,695.05
53.31%
35,988.35
THIS YEAR TO DATE
TOTAL
5.546.814.92
1,214,945.37
322,598.41
1,049,131.18
2. 9fi 0,139.9fi
41.07%
THIS YEAR TO DATE
12.97%
5.77%
9.46%
12.87%
INDUS/MONS BLDG
55.95%
RESIDENTIAL
30,280,691.12
0.71%
9,566,152.02
4,256,486.80
6,971,778.49
0.42%
9,486,273.81
0.14%
INDUS/MUNI BLDG
41,256,728.97
0.08%
5,648,630.13
0.15%
526,514.20
PRV.ST.LIGHTS
6,596,841.45
28.484,735.19
PUB. ST.LIGHTS
311,418.07
101,085.46
40,005.63
0.48%
56,047.37
0.48%
114,280.41
0.00%
PRV.ST.LIGHTS
64,927.97
0.00%
11,823.39
SCHOOL
11186.15
19,647.44
32,270.99
0.26%
CO-OP RESALE
352,454.85
352,454.85
100.00%
0.00
21.97%
0.00
6.97%
0.00
SCHOOL
1,469,966.65
LAST YEAR TO DATE
521,229.40
318,518.95
194,628.57
435,589.73
TOTAL
73,736,188.43
40.54%
16.201,383.25
12.00%
5,142,711.71
5.66%
13,838.943.33
38,553.150.14
LAST YEAR TO DATE
RESIDENTIAL
29,803,994.27
READING
9,407,736.10
NO.READING
4,161,868.48
MONTH
6.946,909.56
9,287,480.13
INDUS/MUNI BLDG
41,477,860.70
5,727,780.65
528,376.7D
35.90%
6,615,925.41
12.37%
28,605,785.94
4.49%
PUB.6T.LIGHT9
340,283.60
10.62%
109,336.70
INDUS/MUNI BLDG
42,406.44
61,507.93
126,952.53
1D.08%
PRV.ST.LIGHT$
71,212.93
13,231.70
0.49%
1,298.62
0.16%
22,054.77
0.06%
34,627.84
CO-OP RESALD
359,439.96
PRV.ST.LIGHTS
359,439.96
0.00
0.00
0.03%
0.00
0.05%
SCHOOL
1,473,266.50
0.42%
530,136.60
0.42%
314,015.63
0.00%
193,965.41
435,148.86
TOTAL
73,526,065.96
16,147,661.71
5,048,045.87
0.30%
13.840.363.08
0.65%
38,489.995.30
TOTAL
PERCENTAGE OF OPERATING INCOME TO TOTAL
TOTAL
READING
LYNNPIELD
NO.READING
WILMINGTON
MONTH
RESIDENTIAL
35.90%
12.37%
4.49%
8.42%
10.62%
INDUS/MUNI BLDG
60.86%
0.14%
0.77%
1D.08%
41.87%
PUB.ST.LIGHTS
0.49%
0.16%
0.06%
0.09%
0.18%
PRV.ST.LIGHTS
0.10%
0.02%
0.00%
0.03%
0.05%
CO-OP RESALE
0.42%
0.42%
0.00%
0.00%
0.00%
SCHOOL
2.23%
0.79%
0.49%
0.30%
0.65%
TOTAL
100.00%
21.90%
5.82%
18.91%
53.31%
THIS YEAR TO DATE
RESIDENTIAL
41.07%
12.97%
5.77%
9.46%
12.87%
INDUS/MONS BLDG
55.95%
7.66%
0.71%
8.95%
38.63%
PUB.ST.LIGHTS
0.42%
0.14%
0.05%
0.08%
0.15%
PRV.ST.LIGHTS
0.09%
0.02%
0.00%
0.03%
0.04%
CO-OP RESALE
0.48%
0.48%
0.00%
0.00%
0.00%
SCHOOL
1.99%
0.71%
0.43%
0.26%
0.59%
TOTAL
100.00%
21.97%
6.97%
18.77%
52.29%
LAST YEAR TO DATE
RESIDENTIAL
40.54%
12.00%
5.66%
9.45%
12.63%
INDUS/MUNI BLDG
56.41%
7.78%
0.72%
9.00%
30.91%
PUS.ST.LIGHTS
0.46%
0.15%
0.06%
0.08%
0.3
PRV.ST.LIGHTS
0.10%
0.02%
0.00%
0.03%
D.0
CO-OP RESALE
0.49%
0.49%
0.00%
0.00%
0.00
SCHOOL
2.00%
0.72%
0.43%
0.26%
0.59%
TOTAL
100.00%
21.96%
6.87%
18.82%
52.35%
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
5/31/13
SCHEDULE P
• ( ) . ACTUAL UNDER BUDGET
3
ACTUAL
BUDGET
%
YEAR TO DATE
YEAR TO DATE
VARIANCE •
CHANGE
SALES OF ELECTRICITY:
RESIDENTIAL
18,463,349.46
19,226,121.00
(762,771.54)
-3.97%
COW AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING
22,026,410.16
23,172,773.00
(1,146,362.84)
-4.95%
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING
180,268.06
185,310.00
(5,041.94)
-2.72%
SALES FOR RESALE
204,631.12
254,024.00
(49,392.88)
-19.44%
SCHOOL
808.466.86
820.487.00
(12,020.12)
-1.46%
TOTAL BASE SALES
41.683,125.68
43.650,715.00
(1,975,589.32)
-4.53%
TOTAL FUEL SALES
32.053,062.75
28.823,033.00
3,230.029.75
11.21%
TOTAL OPERATING REVENUE
73.736,188.43
72,4B1,740.00
1,254,440.43
1.73%
FORFEITED DISCOUNTS
079,061.52
960,491.00
(01,429.48)
-8.48%
PURCHASED POWER CAPACITY
1,177,275.76
1,971,975.00
(794,699.24)
-40.30%
ENERGY CONSERVATION - RESIDENTIAL
236,867.89
237.298.00
(430.11)
-0.18%
ENERGY CONSERVATION - COMMERCIAL
396,080.30
413,678.00
(17,597.70)
-4.25%
GAN REVENUE
642,726.33
650,976.00
(8,249.67)
-1.27%
NYPA CREDIT
(669,366.10)
(641,663.00)
(47,703.10)
7.43%
TOTAL OPERATING REVENUES
76,378,834.13
76,074.503.00
304.331.13
0.40%
• ( ) . ACTUAL UNDER BUDGET
3
OPERATION EXPENSES:
PURCHASED POWER BASE EXPENSE
OPERATION SDP AND ENGINEERING SEP
STATION SUP LABOR AND RISC
LING MISC LABOR AND EXPENSE
STATION LABOR AND EXPENSE
STREET LIOMTING EXPENSE
MIER EXPENSE
MISC DISTRIBUTION EXPENSE
MER READING LABOR B EXPENSE
ACCT 6 COLL LABOR E EXPRESS
UNCOLLECTIBLE ACCOUNTS
ENERGY AUDIT EXPENSE
ADN.. 6 GRE SALARIES
OFFICE SUPPLIES S EXPENSE
OUTSIDE SERVICES
PROPERTY INSURANCE
INJURIES AND OANADES
ENPLOYEES PENSIONS S BENEFITS
MISC GENERAL EXPENSE
RENT EXPENSE
ENERGY CONSERVATION
TOTAL OPERATION EXPENSES
MAINTENANCE EXPENSES:
MINT OF TRANSMISSION PLANT
MAINT OF ETROCT AND EQOIPNT
MAINT OF LINNM - ON
MAINT OF LINES - UG
MAINT OF LINE TRANSFORMERS
MAINT OF ST LT R SIG SYSTEM
MAINT OF GARAGE AND STOCKROOM
MAINT OF METERS
SAINT OF GEN PLANT
TOTAL MAINTENANCE EXPENSES
DEPRECIATION EXPENSE
PURCHASED POWER PURL EXPENSE
VOLUNTAEY PAYMENTS TO TOWS
TOTAL OPERATING EXPENSES
TOWN OF HEADING, MASSACHUSETTS
MUNICIPAL IT= DEBARTNERT
SCHEDULE OF OPERATING EXPENSES .
5/31/13
SCHEDULE 8
FRUITS NOT
LAST YEAR CURRENT YEAR YTD %
LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
1,952,992.83 2,122.543.60 22,707,992.10 25.609.011.96 12.78%
50,553.46
47,504.06
1,239,166.00
4]3,6]0.54
465,633.49
1,247,383.00
-1.7D%
227.08
10,524.35
227.00
6,181.07
2,497.90
104,149.30
2,497.90
68,240.57
D. DO%
-34.47%
3.36%
93,926.08
86,448.85
643,156.73
643,407.83
94,299.59
0.04%
127,354.44
41,463.01
1,459,517.16
35,427.46
1,305,609.15
425,893.18
-5.06%
447,159.26
4.99%
10,070.27
5,973.11
109,931.67
9,082.25
71,162.58
6,728.12
-35.27%
47,451.61
16,068.53
134,838.40
17,255.40
184.16%
210,330.01
171,444.50
-21.47%
32,736.72
31,426.82
35,710.68
312,350.96
62,321.19
317,843.46
479,423.10
1.76%
51],4]7.28
0,126.42
7.94%
3,954.95
94,453.62
71,613.43
-15.10%
115,035.10
11,122.07
127,123.56
14,402.05
1,306,784.02
05,780.74
1,367,162.87
110,463.05
4.62%
20.80%
16,OOD.00
0,333.33
176,000.00
91,666.63
-47.92%
48,639.40
61,040.56
402,167.98
497,974.28
23.82%
69,319.75
62,842.01
697,512.35
694,024.21
-0.50%
14.904.97
22,087.34
202,661.97
236,423.72
16.66%
10,775.00
52,613.11
360,652.62
406,394.01
34.86;
32,064.72
29.926.00
354,882.05
339,947.43
-4.21%
3,920.56
3,996.02
21,897.12
41,109.76
07.74%
86,095.40
151.201.54
1,145,120.23
1,886.206.59
64.72%
7,107.32
6,328.84
157.067.02
150,404.43
-4.24%
18,569.02
24,270.45
183,891.03
195,010.04
6.48%
25,141.95
21,912.78
465,910.34
606,870.07
30.25%
720,722.99 805,848.14 1,846,508.34 8,850,509.16 12.80%
180.748.53 248 251.54 2.530,198.77 2.492,814.51 -1.48%
296,027.47 305.469.10 3,256,302.17 3,360,160.90 3.19%
2,090,550.90 2,289,286.11 32,466,825.39 30,839,806.50 -5.01%
113,000.00
114,000.00
1,239,166.00
1,247,383.00
•
227.08
5,362,042.72
227.00
S.fi85,J96.5]
2,497.90
2,497.90
D. DO%
81600.18
3.36%
11,115.03
114,120.41
130,313.24
-39.14%
94,299.59
127,354.44
1,459,517.16
1,305,609.15
-5.06%
17,900.35
17,081.39
167,159.09
172,707.00
3.32%
9,082.25
6,728.12
47,451.61
134,838.40
184.16%
(15.90)
(82.59)
(361.38)
(103.33)
-71.41%
35,710.68
62,321.19
479,423.10
51],4]7.28
7.94%
3,014.23
8,304.03
74,610.06
30,991.82
-4].]4%
11,122.07
14,402.05
05,780.74
110,463.05
20.80%
180.748.53 248 251.54 2.530,198.77 2.492,814.51 -1.48%
296,027.47 305.469.10 3,256,302.17 3,360,160.90 3.19%
2,090,550.90 2,289,286.11 32,466,825.39 30,839,806.50 -5.01%
113,000.00
114,000.00
1,239,166.00
1,247,383.00
0.66%
5,362,042.72
S.fi85,J96.5]
70,047,002.05
]2,399,606.11
3.36%
0
N
A
TOWN OF READING, MASSACHUSETTS
NONICIPAL LIGHT DEPARTEXWT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
5/31/13
SCHEDULE G
PAINT OF TRANSMISSION PLANT
ACTUAL
BUDGET
(352.10)
-9.17%
%
OPERATION EXPENSES:
YEAR TO DATE
YEAR TO DATE
103,240.00
VARIANCE '
CHANGE
PURCHASED POWER BASE EXPENSE
35,609.011.9fi
--f7,474,550
00
11,865,538.041
11091,900.00
-6.79%
293,709.15
OPERATION SUP AND ENGINEERING EXP
465,633.49
426,021.00
173,707.00
39,612.49
271,310.00
9.30%
(98,603.00)
STATION SUP LABOR AND MISC
68,240.57
71,934.00
134,838.40
(3,685.43)
180,277.00
-5.12%
(45,438.60)
LINE MISC LABOR AND EXPENSE
643,407.83
608,985.00
(103.33)
34,422.83
8,795.00
5.65%
(8,898.33)
STATION LABOR AND EXPENSE
447,159.36
407,776.00
517,477.28
39,383.26
616,224.00
9.66%
(98,746.72)
STREET LIGHTING EXPENSE
71,162.58
75,561.00
38,991.82
(4,398.42)
47,003.00
-5.82%
(8,010.18)
PETER EXPENSE
171,444.50
177,782.00
110,483.05
(6,337.50)
120,156.00
-3.56%
(9,702.95)
MISC DISTRIBUTION EXPENSE
317,843.46
331,996.00
3.492.814.51
(14,152.54)
2.441,684.00
-4.36%
51.130.51
NETER READING LABOR 6 EXPENSE
71,613.43
69,342.00
2.271.43
3.20%
3,360.160.98
ACCT 6 COLL LABOR 4 EXPENSE
1,367,162.87
1,256,905.00
110,257.87
8.77%
30,039,806.50
UNCOLLECTIBLE ACCOUNTS
91,666.63
91,663.00
3.63
0.00%
1,247,383.00
ENERGY AUDIT EXPENSE
497,974.38
435,437.00
62,537.20
14.36%
ADMIN % GEN SALARIES
694,024.21
$88,356.00
5,668.21
0.82%
71,363,595.00
OFFICE SUPPLIES 4 EXPENSE
236,423.72
232.877.00
3.546.72
1.52%
OUTSIDE SERVICES
486,394.01
480,684.00
5,710.01
1.19%
PROPERTY INSURANCE
339,947.43
432.223.00
(92.375.57)
-21.35%
INJURIES AND GARAGES
41,109.76
51,943.00
)10,033.24)
-20.86%
ENLOYEBS PENSIONS F BENEFITS
1,886,208.59
1,749,011.00
137,197.59
7.84%
MISC GENERAL EXPENSE
150,404.43
192,131.00
(41,726.57)
-21.72%
RENT EXPENSE
195,810.04
194,337.00
1,473.04
0.76%
ENERGY CONSERVATION
606,870.07
639,953.00
(33,082.93)
-5.17%
TOTAL OPERATION EXPENSES
0.850.509.16
--T614,917
00
235,592.16
2.73%
PAINT OF TRANSMISSION PLANT
2,497.90
2,750.00
(352.10)
-9.17%
PAINT OF STRUCT AND EQUIPMENT
130,313.24
103,240.00
37,073.24
26.22%
NAINT OF LINES - ON
1,365,609.15
11091,900.00
293,709.15
26.90%
MAINT OF LINES - GG
173,707.00
271,310.00
(98,603.00)
-36.34%
MAINT OF LINE TRANSFORMERS
134,838.40
180,277.00
(45,438.60)
-25.20%
MAINT OF 8T LT 6 SIG SYSTEW
(103.33)
8,795.00
(8,898.33)
-101.17%
PAINT OF GARAGE AND STOCXROOM
517,477.28
616,224.00
(98,746.72)
-16.03%
PAINT OF METERS
38,991.82
47,003.00
(8,010.18)
-17.04%
NAINT OF GEN PLANT
110,483.05
120,156.00
(9,702.95)
-8.07%
TOTAL MAINTENANCE EXPENSES
3.492.814.51
2.441,684.00
51.130.51
2.09%
DEPRECIATION EXPENSE
3,360.160.98
3,345,037.00
14,323.98
0.43%
PURCHASED POWER FUEL EXPENSE
30,039,806.50
28,231,610.00
2,608,196.50
9.24%
VOLUNTARY PAYMENTS TO TOWNS
1,247,383.00
1,254,000.00
(6,617.00)
-0.53%
TOTAL OPERATING EXPENSES
.11
1.45%
]3.399.68fi
71,363,595.00
1037006.11
• ( ) - ACTUAL ORDER BUDGET
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
5/31/13
DEPRECIATION EXPENSE
PURCHASED POWER MEL EXPENSE
VOLUNTARY PAYM NTS TO TOWNS
TOTAL OPERATING EXPENSES
RP 3,650,000.00 3,360,160.98
SP
RP
30,500,000.00 30,839,806.50
289,039.02 7.94%
(339,806.50) -1.11%
1,368,000.00
RESPONSIBLE
1,247,303.00
120.617.00
REMAINING
83.767.500.00
]2.399.fi8fi
.11
SENIOR
2013
6.36%
ACTUAL
BUDGET
REMAINING
OPERATION EXPENSES:
MANAGER
ANNUAL BUDGET
YEAR TO DATE
BALANCE
BUDGET
%
PURCHASED POWER BASE EXPENSE
SP
30,102,742.00
25,609,011.96
4,493,730.04
14.93%
OPERATION SUP AND ENGINEERING EXP
AS
468,949.00
465,633.49
3,315.51
0.71%
STATION SUP LABOR AND MISC
AS
79,813.00
68,248.57
11,564.43
14.45%
LINE MISC LABOR AND EXPENSE
AS
671,309.00
643,407.83
27,901.17
4.16%
STATION LABOR AND EXPRESS
ES
448,249.00
447,159.26
1,089.74
0.24%
STREET LIGHTING EXPENSE
AS
83,106.00
71,162.50
11,943.42
14.37%
METER EXPENSE
AS
197,329.00
171,444.50
25,884.50
13.12%
MSC DISTRIBUTION EXPENSE
HS
366,489.00
317,843.46
48,645.54
13.27%
METER READING LABOR A EXPENSE
XS
69,946.00
71,613.43
(1,667.43)
-2.38%
ACCT 6 COLL LABOR 6 EXPENSE
RP
1,385,210.00
1,367,162.87
18,047.13
1.30%
UNCOLLECTIBLE ACCOUNTS
RF
100,000.00
91,666.63
8,333.37
8.33%
ENERGY AUDIT EXPENSE
dP
479,013.00
497,974.28
(18,961.28)
-3.96%
ADMIN 6 GEN SALARIES
BE
761,068.00
694,024.21
67,043.79
8.81%
OFFICE SUPPLIES 6 EXPENSE
AS
253,950.00
236,423.72
17,526.28
6.90%
OUTSIDE SERVICES
BS
507,125.00
486,394.01
20,730.99
4.09%
PROPERTY INSURANCE
ES
471,500.00
339,947.43
131,552.57
27.90%
INJURIES AND DAMAGES
ES
56,619.00
41,109.76
15,509.24
27.39%
EMPLOYEES PENSIONS 6 BENEFITS
ES
1,889,623.00
1,886,208.59
3,414.41
0.18%
MISC GENERAL EXPENSE
EE
200,785.00
150,404.43
50,380.57
25.09%
SENT EXPENSE
BE
212,000.00
195,810.04
16,109.96
7.64%
ENERGY CONSERVATION
JP
697,983.00
606,870.07
91,112.93
13.05%
TOTAL OPERATION EXPENSES
8.023.105.00
8,850.509.16
549,556.84
6.23%
MAINTENANCE EXPENSES:
•
MINT OF TRANSMISSION PLANT
AS
31000.00
2,497.90
502.10
16.74%
PAINT OF STRUCT AND EOUIPM
BE
114,120.00
130,313.24
)16,193.24)
-14.19%
MAIM OF LINES - ON
AS
11250,421.00
1,385,609.15
(135,188.15)
-10.81%
MAINT OF LINES - DG
AS
285,371.00
172,]0].00
112,664.00
39.48%
MAIM OF LING TRANSFORMERS
AS
188,500.00
134,838.40
53,661.60
28.47%
MAINT OF ST IT F SIG SYSTEM
ES
9,684.00
(103.33)
9,787.33
101.07%
MAINS OF GAMGE AND STOMMOOM
ES
672,589.00
517,477.28
155,111.72
23.06%
MAIM OF METERS
ES
47,392.00
38,991.82
8,400.10
17.72%
MAIM OF GEN PLANT
RP
131,320.00
110,483.05
20,836.95
15.87%
TOTAL MAINTENANCE EXPENSES
2.817.401.00
2.492,814.51
209,582.49
7.44%
DEPRECIATION EXPENSE
PURCHASED POWER MEL EXPENSE
VOLUNTARY PAYM NTS TO TOWNS
TOTAL OPERATING EXPENSES
RP 3,650,000.00 3,360,160.98
SP
RP
30,500,000.00 30,839,806.50
289,039.02 7.94%
(339,806.50) -1.11%
1,368,000.00
1,247,303.00
120.617.00
0.02%
83.767.500.00
]2.399.fi8fi
.11
5.323.518.09
6.36%
(12B)
•
11
TOM OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
5/31/3013
PROFESSIONAL SERVICES BY PROJECT
PROFESSIONAL SERVICES BY VENDOR
ITEM
DEPARTMENT
ACTUAL
BUDGET
DOBLE ENGINEERING
VARIANCE
1
ENID AND PENSION TRUST AUDIT FEES
ACCOUNTING
32,750.00
STONE CONSULTING INC.
32,250.00
500.00
62,421.01
2
PENSION ACTUARIAL EVALUATION
ACCOUNTING
3,750.00
DUNCAN A ALLEN
1,475.00
2,275.00
207.387.16
3
LEGAL- FERC/ISO ISSUES
ENERGY SERVICE
0.00
RICHARD HIGGINS ARBITRATOR
16,500.00
(16,500.00)
3,812.00
4
LEGAL- POWER SUPPLY ISSUES
ENERGY SERVICE
25,726.43
WILLIAM F. CROWLEY ATTORNEY
41,250.00
(15,523.57)
7,044.00
5
PROFESSIONAL SERVICES
ENERGY SERVICE
91939.80
DACRI A ASSOCIATES LLC
32,000.00
(12,060.20)
2,056.27
6
NERC COMPLIANCE AND AUDIT
E A O
12,720.00
14,200.00
(1,480.00)
7
LOAD CAPACITY STUDY
ENGINEERING
0.00
15,000.00
(15,000.00)
8
STROM HARDENING STUDY
ENGINEERING
0.00
50,000.00
(50,000.00)
9
LEGAL -GENERAL, MWWEC AUDIT
GM
131,524.54
137,500.00
(5,975.46)
10
LEGAL SERVICES -GENERAL
ER
130,524.69
51,600.00
78,924.69
11
LEGAL SERVICES -NEGOTIATIONS
MR
05,638.06
36,800.00
48,828.06
12
LEGAL GENERAL
BLDG. MAINT.
10,300.90
1,375.00
0,925.90
13
SURVEY RIGHT OF WAY
BLDG. MAINT.
0.00
4,587.00
(4,587.00)
14
ENVIRONMENTAL
BLDG. MAINT.
0.00
4,587.00
(4,507.00)
15
ENGINEERING SERVICES
BLDG. MAINT.
14,110.05
7,810.00
6,308.05
16
REPAIR RABB AND DECK AREA
BLDG. MAINE.
0.00
30,000.00
(30,000.00)
17
INSURANCE CONSULTANT
GEN. BENEFIT
0.00
9,153.00
(9,163.00)
18
LEGAL
GEN. BENEFIT
994.60
4,587.00
(3,593.40)
19
SITE ASSESSMENT FOR MAJOR UPGRADE
ACCOUNTING
3,056.27
0.00
2,056.27
30
GENERAL BANKRUPTCY
ACCOUNTING
1,444.00
0.00
1,444.00
21
EXECUTIVE SEARCH- GM
GM
24,500.00
0.00
34.500.00
22
DSA BASIC CLIENT SERVICE
ENGINEERING
416.67
0.00
416.67
TOTAL
486,394.01
480,684.00
5,710.01
PROFESSIONAL SERVICES BY VENDOR
(13)
ACTUAL
MELANSON HEATH R COMPANY
33,500.00
DOBLE ENGINEERING
416.67
HUDSON RIVER ENERGY GROUP
2,895.80
STONE CONSULTING INC.
3,750.00
RUBIN AND RUDMAN
62,421.01
UTILITY SERVICES INC.
12,720.00
DUNCAN A ALLEN
105,244.06
CHOATE HALL R STEWART
207.387.16
MENDERS TORREY F SPENCER
12,385.55
RICHARD HIGGINS ARBITRATOR
2,710.00
GARRY HOOTERS ARBITRATOR
3,812.00
MICHAEL BROWN ARBITRATOR
2,538.99
WILLIAM F. CROWLEY ATTORNEY
2,280.00
CMEEC
7,044.00
JM ASSOCIATES
1,732.50
DACRI A ASSOCIATES LLC
24,500.00
COGBDALE
2,056.27
TOTAL
486,394.01
(13)
RIII.D
DEFERRED FUEL CASH RESERVE ANALYSIS
5/31/13
C
(14)
ORDER
MONTHLY
TOTAL
DATE
CHARGES
REVENUES
NYPA CREDIT
DEFERRED
DEFERRED
Jun -12
2,270,044.48
Jul -12
3,581,715.28
3,492,843.61
(61,106.90)
(149,978.57)
2,120,065.91
Aug -12
3,578,611.20
2,914,978.35
(44,365.80)
(707,998.65)
1,412,067.26
Sep -12
2,646,309.32
3,486,749.45
(47,478.80)
792,961.33
2,205,028.59
Oct -12
2,595,375.45
2,389,147.98
(48,781.28)
(255,008.75)
1,950,019.84
9w-12
2,744,817.28
2,740,129.47
(22,566.16)
(27,253.97)
1,922.765.87
Dec -12
2,868,712.69
2,987,105.82
(68,965.36)
49,427.77
1,972,193.64
Jan -13
2,523,166.59
3,076,267.45
(70,691.63)
482,409.23
2,454,602.87
Fab -13
3,397,709.79
3,030,833.21
(77,841.37)
(444,717.95)
2,009,884.92
Mer -13
2,393,560.37
2,979,311.50
(116,734.96)
469,016.17
2,478,901.09
Apr -13
2,220,542.42
2,695,077.57
(113,103.56)
361,431.59
2,840,332.68
May -13
2,289,206.11
2,260,618.34
(17,730.28)
(46,398.05)
2,793,934.63
C
(14)
STAFFING
0.
OR FISCAL YEAR ERBIN0. , 2013
1J BOU .NLAIR68POCT ASTO06C I..NER A'0.
TOTAL IT v2 11 12 12 IT 13 13 I) 1J 13
66MN4_tl3tleGBR
OeNSAAL INNApBR
3.00
z.o0
3.00
1 1
3. Oo
I.S.
I. SO
x.00
x.00
1.00
1.00
1.00
STRAF OCA'RS
CospOSITY RELATIONS
TOTAL
1.00
I.S.
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
y.00
1.00
1.00
1.00
1.00
1.00
1.00
I. Do
1 0o
1.00
1.00
1.00
3 00
6.00
6.00
6.00
6.0o
f. 0o
f.00
f.00
6.00
6 00
).0O
3.00
1...
6493xs69
Ox[rx0
2.00
2.00
3.00
2.00
2.00
2.00
2.0o
2.00
2.00
1.00
3.00
3.00
..FORA. exavxcs
v]s
.IS
.IS
7.75
]ns
v]s
].]s
z]s
7.75
z]s
z]s
.]s
RIN ..I. BTS
6.2s
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
L..OR
1.00
1.00
1.00
y.00
1.00
1.00
1.00
1.00
1 OF
1 R.
1 00
1 00
TOTAL
17400
16 Os
16.]s
16.]5
16. ]s
16. 1s
16.]s
36.]5
l6.lS
16 ]s
16 ]5
16 ]s
BP9A..1. 1NG E9P3PATI468
:.00
S. oa
1.00
1.00
1.00
1.00
2.00
x.OR
2.01
:.00
2.00
x.00
R2xp
s.00
s.00
s.00
s.00
s.00
s.0o
s.00
IAS
s. 00
s.00
s.00
s.00
LIM21.00
x1.00
x1.00
x1.00
1.00
x1.00
31.00
x1.00
x1.00
11.00
31.00
31.00
6.00
3.00
Loo
3.00
).00
3.00
3.00
3.00
1.00
).00
1.00
3.00
STATIM
6.00
6.00
B.oa
e.00
e.00
B.S.
e .00
.02
1.00
e.00
e.00
8
a 0000
TOTAL
AL
60.00
39.00
M.S.
3e.00
)e.00
v.po
31.00
121.02
31.00
v.op
)'..O
39.00
RAOI.
BUILDINS
2.00
2.00
2.002.00
3.00
3.00
3.00
3.00
'w"
2.00
3.00
211
RAL 10aeexrs
1.00
1.00
2.00
2.00
1.00
3.00
1.00
A.00
x.00
a.o0
3.00
I. Arl4x
RATERTAI84:OG
3.00
6.00
6.00
6.00
4.00
6.00
6.00
6.00
4.o0
6 00
4400
TOTAL
e.ao
6.00
e.o0
1.00
1.00
1.00
8.00
0.00
1.0o
fi.00
8.00
S..0
R.x 3.Tm
NxcBs
"0
f. s0
6.s0
•so
6.s0
6.50
6.50
630
s.s0
6.s0
6.50
6.s0
r OTAL
s. s0
f. so
6. s0
6. So
f.so
6. so
6.s0
s.s0
s.s0
6.so
6.s0
6.50
PehO TOTAL
76.50
10.35
]1.3s
]1.35
1.35
]1. 3s
)1.3s
]3. xs
71.25
71.35
71.35
71.25
COHOR85
LC .
2.00
3.00
z.0o
z.00
x.00
2.00
3.00
2.00
2.00
2.O0
2.00
3.00
TOTAL
2.00
3.pp
x.pp
x.po
2.pp
x.po
:.po
i.pp
2. SO
2.00
2.ap
:.ao
BPANp TOTAL
76s0
1].35
]).25
]].xs
]].2s
]3.35
]6.1s
]5.35
75.25
]).35
11 xs
73.25
(15(
RNLD
BUDGET VARIANCE REPORT
FOR PERIOD ENDING NAY 31, 2013
DIVISION
ACTUAL
BUDGET
VARIANCE
CHANGE
ENGINEERING AND OPERATIONS
3,967,130
3,805,759
161,372
4.24%
ENERGY SERVICES
1,141,763
1,155,603
(13,841)
-1.20%
GENERAL MANAGER
894,193
799,282
94,911
11.87$
FACILITY MANAGER
3,461,185
3,532,842
(71,657)
-2.03%
BUSINESS DIVISION
8,567,107
8,441,951
125,156
1.48%
SUB -TOTAL
18,031,378
17,735,437
295,941
1.67%
PURCHASED POWER - BASE
25,609,012
27,474,550
(1,865,538)
-6.79%
PURCHASED POWER - FUEL
30,839,807
28,231,610
2,608,197
9.24%
TOTAL
74,480,196
73,441,597
1,038,599
1.41%
Em
FM
G
K �*
�
Jeanne Foti
. rom:
Kevin Sullivan
Sent:
Tuesday, May 28, 2013 8:31 AM
To:
RMLD Board Members Group
Cc:
Jeanne Foti
Subject
FW: Account Payable Questions - May 24
Bellow are the answers to the A/P questions received this week.
Y.Al &S.
Reading Municipal Light Department
Interim General Manager
From: Jeanne Fotl
Sent: Tuesday, May 28, 2013 6:27 AM
To: Kevin Sullivan
Subject: Aaount Payable Questions - May 24
stempeck
1. Office Paper Recovery System — Is this solar array up & running?
to Response: Office Paper Recovery's solar array is up and running. Signed off by wire inspector on May 14, 2013
2. 1CM Realty —Is it common practice for rentees to pay real estate taxes?— Not included in the rent??
Response: The lease agreement states that RMLD will pay for 26% of the Real Estate taxes, see agreement
dated 7/15/94 section "RENT" listing RMLD's financial responsibilities.
3. Sullivan - $400+ per tire? Specialized?
4. Response: These tires are for one of the line trucks and cost more than a tire for a standard vehicle. Sullivan
tire is on the State bidden list meaning the state has negotiated competitive pricing which we leverage.
Jeanne Foti
Reading Municipal Light Department
Executive Assistant
230 Ash Street
Reading, MA 01867
781-942-6434 Phone
781-942-2409 Fax
WAr%-se consider the environment before printing this e-mail.
Jeanne Foti i
From: Jeanne Foti
Sent: Wednesday, June 19, 2013 10:33 AM
To: RMLO Board Members Group
Subject: Account Payable Warrant and Payroll - No Questions
Good morning
In order to save paper in the upcoming Board Books on the Account Payable Warrant and Payroll there were no
questions for the following:
Account Payable Warrant — No Questions
May 31, June 7, June 14
Payroll — No Questions
June 3 and June 17
Thanks.
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.