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HomeMy WebLinkAbout2017-02-23 RMLD Board of Commissioners MinutesTown of Reading a Meeting Minutes � o O,6 sP WC0% r� Board - Committee - Commission - Council: RMLD Board of Commissioners Date: 02-23-2017 Building: Reading Municipal Light Building Address: 230 Ash Street Purpose: General business. Attendees: Members - Present: RECEIVED TOWN CLERK READING. MASS.' 1011 AUG 21 P Z 3101 Time: 7:30 PM Location: Winfred Spurr Audio Visual Room Session: Open Session Version: Final Philip B. Pacino, Vice Chair, David Talbot, Commissioner, John Stempeck, Secretary Pro Tem, Dave Hennessy Members - Not Present: Thomas O'Rourke, Chairman -Absent Others Present: Coleen O'Brien, Wendy Markiewicz, Hamid Jaffari, Joyce Mulvaney, Jane Parenteau, Tracy Schultz, George Hooper, CAB Chair, Peter Lyder, Town of Reading Finance Committee Member Minutes Respectfully Submitted By: Philip B. Pacino, RMLD Board Chairman Topics of Discussion: Call Meeting to Order Mr. Pacino called the meeting to order and explained that the meeting was not being broadcast live, but was being videotaped for distribution at community television stations in Reading, North Reading, Wilmington and Lynnfield. Opening Remarks Mr. Pacino read the RMLD Board of Commissioners' Code of Conduct and explained that due to Chairman O'Rourke's absence he would be Acting Chair for the evening. Mr. Stempeck will be Board Secretary. Mr. Pacino welcomed George Hooper, the representative from the Citizens' Advisory Board, and Peter Lydecker, from the Town of Reading Finance Committee. Vote to Accept Changes to Section 20 of Chapter 32B, as amended by recent legislation Mr. Pacino addressed the first item, changes to Section 20 of Chapter 32B as amended by the recent legislation. Mr. Pacino asked Ms. O'Brien to explain what this change is. Ms. Schultz interjected, stating that additional language was added, which was mentioned during the Audit report a few months ago. The law now states 'A municipal light plant that establishes an OPEB fund shall pay the premiums and assume the liability for the municipal share of retiree healthcare benefits attributable to lighting plant employees and their dependents.' The Town Manager asked that the Board accept the new language. Mr. Talbot stated that it sounded fine, but was confused about why the Board needed to accept it. Mr. Stempeck expressed his reluctance to approve the amendment without seeing the change and asked if it needed to be done at that evening's meeting. Ms. Schultz explained that it needs to be done before the April Town Meeting and offered to send the Board members a copy of the amended legislation, so it could be voted on during the March Board Meeting. Mr. Pacino suggested taking no action tonight, and circulating the information before the next meeting. Page 1 1 General Manager's Report -Ms. O'Brien Ms. O'Brien began by stating that it was a pleasure to meet the two new Citizens' Advisory Board members. Neil Cohen, an attorney from Reading, and Jason Small, an Electrical Distribution Engineer from North Reading are great additions. Ms. O'Brien said that she spent a few hours with each last week giving an overview of RMLD and welcomes them as assets to the team. Ms. O'Brien stated that she is excited to attend the APPA 2017 Legislative Rally, starting February 27. Ms. O'Brien shared that she has never been before and will report back to the Board when she returns. The Art Contest Award Ceremonies took place on Wednesday, February 15 and Thursday, February 16. The winning artwork will be hanging in the RMLD lobby until May. The ceremonies were quicker than the T-shirt awards, which was much better for the families. It was a great success; Ms. O'Brien hoped everyone enjoyed it and asked for feedback. Mr. Pacino agreed that it went very well and was surprised by how articulate the children were when describing their artwork. Ms. O'Brien added that she liked the large screen PowerPoint which allowed everyone to see the detail of the artwork. Ms. O'Brien reiterated that the IRD is having a Lunch 'N Learn workshop on March 22nd for Peak Demand Reduction customers. Twenty customers are signed up. Presentations to the Board of Selectmen continue. The Reading meeting will take place on Tuesday, March 7. North Reading is in the process of being rescheduled, at the town's request. Ms. O'Brien asked if there were any questions. Mr. Hennessy asked if the twenty customers attending RMLD's Lunch 'N Learn were the biggest peak customers. Ms. O'Brien answered that she would have to defer to Ms. Parenteau. Mr. Talbot asked if there is a legislative agenda at APPA, and if there are certain issues that NEPPA will be endorsing. Ms. O'Brien replied that Ms. Foti received the agenda today, she will forward the agenda to the Board. Mr. Talbot stated that with Washington rolling back regulations on coal, he wants to know what we're getting behind. Ms. Parenteau added that one of the things RMLD is dealing with on the ISO front, which dovetails into the Clean Energy Standards Act, is IMAPP (Integrated Market and Public Policy). New England states have RFPs for renewable energy and are trying to figure out a way to incorporate those mandates into the markets. The states are concerned because once they become a part of the ISO markets they lose local control and that goes to FERC jurisdiction. States are deciding whether they want to maintain or relinquish authority to FERC. This issue may arise during Ms. O'Brien's Washington D.C. trip. Referencing Mr. Hennessy's question about the Lunch 'N Learn participants, Ms. Parenteau reported the twenty attendees come from a spectrum of usages. However, attendees tend towards the higher usage range. They will be taking lessons learned from customers who have achieved financial success by reducing their Peak Share. Power Supply Report - December 2016 - Ms. Parenteau (Attachment 1) Ms. Parenteau then transitioned to Purchase Power for the month of December. Even though RMLD operates on a fiscal year budget, the presentation looked at the calendar year from January to December. The first three months of the winter period were considerably milder in 2016 than in 2015. However, December 2016 was much colder than in December 2015. Summer 2016 was slightly hotter so there was an increase in cooling degree days in June, July, and August. This correlates to electricity consumption. Ms. Parenteau then moved on to purchase power costs, which includes all capacity, transmission, and energy charges, versus the system peak. Calendar Year 2016 purchase power expenses were around $64.2 million. Page 1 2 Power Supply Report - December 2016 - Ms. Parenteau (Attachment 1) That was a slight decrease from 2015, which was $64.5 million. The overall total purchase power cost is down by about $332,000. Some of that was weather-related, but a lot of that was energy-related. Capacity and transmission continue to increase. Monthly peak demands in 2015 were typically lower than in 2016 for most the calendar year, except for the peak day in August, 2016. RMLD hit a slightly higher peak in August 2016 than in 2015, and in 2015, peaked in July. Peaks tend to be stable, not huge swings. Ms. Parenteau stated her hope that the new Communications Manager will emphasize educational programs for both commercial and residential customers that show the value of that reduction. Ms. Parenteau then took this opportunity to introduce RMLD's new Communications Manager, Joyce Mulvaney. Calendar year 2015's capacity costs were $18.1 million; transmission was $12.1 million; and energy was around $34 million. In calendar year 2016, capacity increased by $1.7 million, to $19.8 million. Transmission costs increased by $600,000, to $12.7 million. Fuel went down $34 million to $32 million, offsetting some of the increase in capacity and transmission. kWh sales in 2016 670 million kwh sold. In 2015 691.5 kwh sold. This was a 3% decrease. Ms. Parenteau then referred to a request that Commissioner O'Rourke had made at the January 31, 2017 Board Meeting. RMLD has accumulated over 18,000 customer e-mail addresses. Summer campaign increased paperless billing to over 7,000 customers. Over 7,000 customers are enrolled in Auto Pay. Customers who sign up for Auto Pay have their payment taken out on the very last day eligible for the discount, which is a 15% reduction of the base portion of their electricity bill. Going to be working on campaigns to increase enrollment. Mr. Hennessy asked if it was the same 7,000 customers enrolled in both paperless billing and Auto Pay. Ms. Parenteau answered not necessarily and explained that most people do sign up for both but it's up to the customer. Ms. Parenteau added that customers need to be made aware that when they use their online banking sites to pay their RMLD bill there is a significant delay as to when RMLD receives that payment. There can be a two to five-day period before the payment posts, and the customer may miss the discount window. However, if the customer goes to the RMLD website and uses their checking information or credit card, RMLD will receive that payment that night and the customer won't miss the discount window. RMLD also offers a pay by text option. 800 customers have signed up; 481 are registered for bill -related texts. There have been 494 downloads of the mobile app since its inception. RMLD has 800 followers on Twitter; 200 of those followers signed up after the last storm. Ms. Mulvaney will be starting a Facebook page to increase RMLD's social media presence. Vote to Accept Changes to Section 20 of Chapter 3213, as amended by recent legislation Ms. O'Brien requested that the Board return to the OPEB. Section 20 of Chapter 32B the Other Post Employment Benefit liability trust fund has already been established; the board has previously voted on it. The law states that if a trust fund apart from the town has already been established, the Commissioners need to vote on the new language. It is one sentence that says it is RMLD's trust, RMLD is responsible is for it. It is making it clear that the town won't be paying for it. Ms. O'Brien added that she wasn't here for original vote. Mr. Stempeck stated that he remembers setting up OPEB. Mr. Talbot asked if Ms. O'Brien was asking the Board to vote on the Motion. Ms. O'Brien replied that she was, if the Board was okay with what she had just explained in reiterating the autonomy of RMLD to pay its premiums and their dependents. Mr. Stempeck made a motion, seconded by Mr. Hennessy, that the Board of Commissioners accept the provisions of Section 20, Chapter 32B, of the Massachusetts General Laws, as amended by Section 15 of Chapter 218 of the Acts of 2016, establishing an Other Post -Employment Benefits Liability Trust Fund, on the recommendation of the General Manager. Motion carried 4:0:0. Page 1 3 Financial Report —December 2016 — Ms. Markiewicz (Attachment 2) Ms. Markiewicz announced that she has been meeting with a Great Plains consultant this week, who is helping build financial reports. Report formats are still being tweaked. A new Staff Accountant has been hired. RMLD participated in a Standard & Poor's Global Study and received an A+ rating, which says that RMLD has a stable outlook. This is good if RMLD needs to go to bond. Because it's moratorium, receivables are up. Receivables will return to normal when moratorium ends in April. Currently, payables are at $7 million. These are constantly revolving, but this is right in line with last year. Within liabilities, there will be a $1.2 million town payment that will be showing up on the January financials. Mr. Stempeck asked about the accrued liability going from $3 to $10 million. Ms. Markiewicz explained that was due to the pension and added that will now have a separate line item in her new reports. Ms. Markiewicz continued, explaining that the schedule of capital assets shows where capital projects are focusing. There is a $1.6 million increase in structures and improvements; and infrastructure is up $1 million. Capital projects are focusing on maintenance. Revenues, compared to last year, are a little bit higher due over collecting on fuel, timing of accounts receivables and collecting less due to moratorium. Operating expenses and revenues are in line with the budget. Total use of Capital Fund is $2.8 million. kWh sales are just under half a percent. Cash balances shows a stable outlook, considering how many payables we have and the monthly payroll. The detail of sales by class show a slight increase in residential and commercial is stable. There's a slight increase in streetlighting and municipal buildings. Energy conservation revenue is even; it's at net zero. We're at 49.74% of budget at 6 months of year; RMLD is doing as predicted. Ms. O'Brien commented that Ms. Markiewicz and her group have been attempting to consolidate and capture the paper financials and bring back what is presented to the Board a profit and loss and a balance sheet. Mr. Stempeck stated that he looks for major differences on large line items and that it seems like we're on track. Ms. O'Brien explained trying to standardize financials to a limited number of pages. Over years have added more and more pages. RMLD will be transitioning to standard utility financials and adding FERC accounting. Mr. Stempeck stated that he likes to see projections on where you want to be at the end of the year, along with trends, sales, and costs to become reactive if needed. Ms. O'Brien added that this is year 3 and the Formal Cost of Service study will be rolled into the budget process. Engineering and Operations Report — December 2016 — Mr. Jaffari (Attachment 3) Mr. Jaffari announced that he was reporting on December. Capital Expenditure is right on target, with 50% spent halfway through the fiscal year. $52,750 was spent in the month of December, bringing year-to-date $368,534. $126,809 was spent on Routine Construction in December, making the fiscal year-to-date total $903,151. $126,809. Mr. Hennessy asked what the estimated date of completion is for the LED streetlight conversion project. Mr. Jaffari explained that it is a 3 -year program that is almost 60% done. It will be completed by the end of 2018, with a total cost of $800,000. Mr. Hennessy clarified that the new lights will use a lot less electricity. Mr. Jaffari affirmed. Good progress is being made on routine maintenance. As of December 2016, 25% of pad mount transformers have been replaced, and approximately 16% of overhead transformers have been replaced. Pole inspections have resulted in 213 poles being replaced and, of those, 116 transfers have been completed. Mr. Jaffari mentioned that there was a question at the last Board Meeting about the priority of the double poles, and which ones are given priority as they are being inspected. Mr. Jaffari stated that any poles that threaten public safety are the first to be taken care of. The quarterly inspection of feeders showed no problems. As of December 2016, 961 out of 1,237 manholes have been inspected. The porcelain cutout replacement program is 91% complete. There are 256 remaining. 87 spans of trees were trimmed in December, bringing the year-to-date total to 651. Infrared scans showed no substation hot spots. Page 1 4 Engineering and Operations Report — December 2016 — Mr. Jaffari (Attachment 3) Mr. Stempeck added that he had recently read in the paper that one of the major investor-owned utilities was implementing a major tree trim program after determining that branches coming down during storms cause outages. Mr. Stempeck then lauded RMLD for being proactive and ahead of the curve. Mr. Jaffari said that two biggest challenges are animals that are determined to infiltrate equipment and pine trees with shallow roots. Mr. Hooper asked how the Wildwood substation is holding up. Mr. Jaffari answered that the switchgear is old. Repairs to switchgear is being done in 3 phases: 1. Removed asbestos 2. Reinsulated from bus to transformer 3. In the first week of March the entire bus will be reinsulated. The breakers are okay, so the substation is expected to last a few more years now that maintenance is being performed and repairs are being made, while RMLD looks for suitable land for a new substation. Station 4 is all set; all the breakers are new and improvements have been made. Station 3 maintenance should be done by June. Mr. Jaffari then discussed double poles. There are 16,000 poles in the service territory. Reading ownership is split 50/50 with Verizon. North Reading poles are RMLD owned. Lynnfield and Wilmington are both owned by Verizon. The NJUNS program shows 1 transfer in Lynnfield, 91 pull poles and 13 transfers in North Reading, 23 transfers and 27 pull poles in Reading, and 59 transfers, 1 attach, 4 pull poles, and 1 guy install in Wilmington. These are being held up by other utilities. Mr. Jaffari then thanked RMLD customers for being patient and tolerating the ugly double poles. RMLD is making progress. Mr. Jaffari then stated that RMLD's system reliability for the number of storms is just above the regional average and well below the national average. Additionally, Outage caused by equipment is shrinking -maintenance program is paying off. Ms. O'Brien added that she and Mr. Jaffari had met with fire chiefs from all four towns in the service territory aerial views of substations what type of equipment, fire hazards, what precautions they need to take, especially when dealing with solar equipment. RMLD Procurement Requests Requiring Board Approval (Attachment 4) IFP 2017-34 Grounds and Landscape Services Mr. Jaffari explained that this is a Chapter 30B that was presented to 29 bidders. 5 bids were received and the lowest most responsible and responsive was from Greenscape Land Design, Inc. for $110,952. This is a three-year contract and last time it went to bid at $160,000. This time RMLD is receiving more services for $50,000 less. The 3 top bidders 2 had some exceptions. Mr. Stempeck made a motion, seconded by Mr. Hennessy, that proposal 2017-34 for Grounds and Landscape Services be awarded to Greenscape Land Design Inc. for $110,952.00 pursuant to Chapter 30B on the recommendation of the General Manager. Motion Carried 4:0:0. Mr. Talbot clarified there were 5 bidders. Mr. Jaffari affirmed. 3 top bidders were responsive but more expensive. General Discussion Mr. Pacino stated, and the Board agreed, that the next Board Meeting will be on Thursday, March 23. A representative is needed for the March 1 CAB meeting. Mr. Pacino and Mr. Stempeck stated they are unable to attend. Mr. Hennessy volunteered. Mr. Talbot returned to the time -based incentive commercial rate. Ms. Parenteau stated that she can talk to the Cost of Service consultant. It can be modeled once the budget information is entered. Mr. Talbot also added that Concord Municipal did an RFP for solar and found that it may be cheaper to self -build and asked if RMLD can do n analysis on a flat roof. Ms. Parenteau stated that she can get that information. Mr. Talbot added that he received an e-mail from the Reading High School Drama Club, who inquired about replacing their incandescent flood lights with LEDs. Page 1 5 General Discussion Ms. Parenteau explained that Reading High School is a customer, we do offer rebate programs, and she can have an engineer reach out to them. Mr. Talbot then explained that it wasn't Reading High School, per se. The high school is not paying for the equipment; rather, the parents club and the student group that run the theatre program use donations to buy the equipment. Ms. Parenteau asked Mr. Talbot to send her a name to contact. Mr. Pacino remarked that more and more downtown garages are installing electric car charging stations and that it would make sense to install them next to the railroad station. Ms. O'Brien added that RMLD is waiting for the snow to melt to fix the parking lot pavement issues and install a charging station. RMLD is looking into home charging stations. Mr. Pacino remarked on parking garages using stations as a means to attract customers. Executive Session At 8:48 p.m. Mr. Pacino made a motion, seconded by Mr. Talbot, that the Board go into Executive Session to consider the purchase of real property and discuss strategy with respect to collective bargaining, Chapter 164 Section 47D exemption for competitively sensitive or other proprietary information provided in the course of proceedings conducted pursuant to this chapter when such municipal lighting plant board determines that such disclosure will adversely affect its ability to conduct business in relation to other entities making, selling, or distributing electric power and energy pursuant to this chapter and return to Regular Session for the sole purpose of adjournment. Mr. Pacino called for a poll of the vote: Mr. Talbot: Aye; Mr. Stempeck, Aye; Mr. Hennessy: Aye; and Mr. Pacino: Aye. Motion carried 4:0:0. Adjournment At 9:16 p.m. Vice Chair Pacino made a motion seconded by Mr. Stempeck to adjourn the Regular Session. Motion carried 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. John Stempeck, Secretary Pro Tem RMLD Board of Commissioners Page 1 6 4-0 N L C O .U) cr)L •� E E ti U N4-- O L M - O O 0) CO 0 O N IL W Y C E L U (9 Q ❑ O O 04■ ❑ 2 O O CN ❑ ❑ U L2 0 a ❑ 2 LO N f E a M cp LO O n O U � 00 ❑ --Eo O I� N O LO Z ' N - O N co 0 �® U co N ffffs® U E co oo co _ O_ N M N ■ om - O O Cl) O V Q to co O C O Cl)IT o O N � o ; MW Need WGISAg 0 0 0 0 O CD O O 0 0 O O 0 0 0 0 0 0 0 0 0 O2 c2 C N O O O O 000(D V E (D _T r � Q N N c LO O N T sisoo lelol 000000000 C O O O O O O C O ooc0000ao 0 0 O in 0 O 0 ll� 0 O 0 h O O O 0 Lr O (D(c�oLn�'j-coco sisoo lelol N E Q) O Z N N d N N O 0 Q lO O N 7 LL ■ a 7 I N � O N O N N C C F- LO T- In N N a N C a d U L ® mc 2 LL cuc 2 0 O 0 0 0 0 0 O 0 O 0 O 0 o o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 I� EA 0 C to FA 0 In 69 C 0 V w 0 (h EA 0 N 6& 0 fA N N O V L d 3 0 no N L L m U 0 0 ° ° ° 0 0 0 0 0 0 O O O O O O O 0 0 0 o o O O o O O O O O C I� O LO V M N ER 69 fA EA EA E9 fA E O Z 47 O U CL m U) m 0 a� LL LL ■ T 75 O N O N N N N C C H T O m N Y U co coCL R a MW plead walsAS 0 0 0 0 o O O O 0 0 0 0 o O O o 00 �D N O OO O 00 (O V' N d �® Q EE Y ami i a O Z o N N O U 0 O E a� Q Y a �n 0 y N 7 I 0 Q C tl�i U'' n o C> �co M .a �.�.. c co LO W cli U cu 7 co 7 N LL cu 7 C OO O O O O O O O O O O O O O O O O O O O O O O OO O O O O O O O O O O O O O O O O O O O O O O LO O LO O LO O Ln O n n O O in to V V sal6S MAN go p kr To: Coleen O'Brien FroTl� � i'Amaureen McHugh, Jane Parenteal✓►� i Date: February 13, 2017 Subject: Purchase Power Summary — December, 2016 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of December, 2016. ENERGY The RMLD's total metered load for the month was 58,436,483 kWh, which is an 3.56% increase from the December, 2015 figures. Table 1 is a breakdown by source of the energy purchases. Table 1 'Pepperell, Woronoco,lndian River, Tumor Falls,Collins, Floneer,Hosiery Mill; Summit Hydro Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone #3 3,702,204 $6.72 6.32% $24,885 0.83% Seabrook 5,905,327 $6.32 10.08% $37,321 1.250/6 Stonybrook Intermediate 355,543 $171.31 0.61% $60,907 2.04% Shell Energy 10,437,000 $63.58 17.81% $663,632 22.22% NYPA 2,526,578 $4.92 4.31% $12,431 0.42% ISO Interchange 8,607,486 $66.83 14.690/6 $575,202 19.26% NEMA Congestion 0 $0.00 0.00% $18,190 0.61°x6 Coop Resales 17,973 $102.69 0.03% $1,846 0.06% BP Energy 8,893,800 $46.90 15.18% $417,119 13.97% Hydro Projects' 2,526,792 $85.23 4.31% $215,365 7.21% Braintree Watson Unit 307,004 $54.89 0.52% $16,853 0.56% Saddleback/Jericho Wind 2,976,917 $86.22 5.08% $256,681 8.60% One Burlington Solar 122,432 $70.00 0.21% $8,570 0.290/6 Ezelon 12,210,600 $55.46 20.84% $677,247 22.68% Stonybrook Peaking 0 $0.00 0.00% $0 0.00% Monthly Total 58,589,656 $50.97 100.00% $2,986,249 100.00% 'Pepperell, Woronoco,lndian River, Tumor Falls,Collins, Floneer,Hosiery Mill; Summit Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of December, 2016. Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP ' 13, 995, 321 $59.18 23.89% Settlement RT Net Energy '" (5,387,834) $47.00 -9.20% Settlement ISO Interchange 8,607,486 $66.80 14.69% (subtotal) Independent System Operator Day -Ahead Locational Marginal Price •• Real Time Net Energy DECEMBER 2016 ENERGY BY RESOURCE Jericho Wind, 1.91% ■ One Burlington • Stonybrook • M Istone a3, 6.33% Solar, 0.21% Peak',ng, 0.00% • Exelon, 2 • Saddleback, 3.18% • BELD, 0.53% • Hydro Projects, 4.32% • BP Ei 8 77% StonybrooK ntermediate, 0.61% 1.32% CAPACITY The RMLD hit a demand of 107,565 M, which occurred on December 19, at 6 pm. The RMLD's monthly UCAP requirement for December, 2016 was 232,355 Ms. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 Source Amount (M) Cost ($/Mmonth) Total Cost S % of Total Cost Mllstone #3 4,950 33.53 $165,967 9.20% Seabrook 7,909 36.43 $288,110 15.97% Stonybrook Peaking 24,981 3.15 $78,780 4.37% Stonybrook CC 42,925 7.07 $303,265 16.81% NYPA 0 0.00 $6,679 0.37% Hydro Quebec 0 0 $583 0.03% Nextera 60,000 6.15 $369,000 20.46% Braintree Watson Unit 0 0.00 $86,226 4.78% ISO -NE Supply Auction 91,591 5.52 $505,230 28.01% Total 232,356 $7.73 $1,803,840 100.00% Table 4 shows the dollar amounts for energy and capacity per source. * Renewable Resources 13.91% Table 4 Cost of % of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($/kWh) Millstone #3 $24,885 $165,967 $190,852 3.99% 3,702,204 0.0516 Seabrook $37,321 $288,110 $325,431 6.81% 5,905,327 0.0551 Stonybrook Intermediate $60,907 $303,265 $364,173 7.62% 355,543 1.0243 Hydro Quebec $0 $583 $583 0.01% - 0.0000 Shell Energy $663,632 $0 $663,632 13.88% 10,437,000 0.0636 NextEra $0 $369,000 $369,000 7.72% - 0.0000 NYPA $12,431 $6,679 $19,109 0.40% 2,526,578 0.0076 ISO Interchange $575,202 $505,230 $1,080,432 22.59% 8,607,486 0.1255 Nema Congestion $18,190 $0 $18,190 0.38% - 0.0000 BP Energy $417,119 $0 $417,119 8.72% 8,893,800 0.0469 * Hydro Projects $215,365 -$8,324 $207,041 4.33% 2,526,792 0.0819 Braintree Watson Unit $16,853 $86,226 $103,078 2.16% 307,004 0.3358 * Saddleback/Jericho $256,681 $0 $256,681 5.37% 2,976,917 0.0862 # One Burlington Solar $8,570 $0 $8,570 0.18% 122,432 0.0700 Coop Resales $1,846 $0 $1,846 0.04% 17,973 0.1027 Exelon Energy $677,247 $0 $677,247 14.16% 12,210,600 0.0555 Stonybrook Peaking $0 $78,780 $78,780 1.65% 0.0000 Monthly Total $2,986,249 $1,795,516 $4,781,765 100.00% 58,589,656 0.0816 * Renewable Resources 13.91% RENEWABLE ENERGY CERTIFICATES (RECs) Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through December 2016, as well as their estimated market value. TRANSMISSION The RMLD's total transmission costs for the month of December, 2016 were $863,599. This is a decrease of .27% from the November transmission cost of $865,917. In December, 2015 the transmission costs were $955,262. Table 6 Current Month Table 5 Last Year Peak Demand (kW) 107,565 RECs Summary 100,307 Energy (kWh) 58,589,656 Period - January 2016 - December 2016 56,019,481 Banked Projected Total Est. $2,757,146 RECs RECs RECs Dollars woronoco 0 9,599 9,599 $177,582 Pepperell 0 6,217 6,217 $115,015 Indian River 0 1,912 1,912 $35,372 Turners Falls 0 1,135 1,135 $20,998 Saddleback 0 10,539 10,539 $194,972 Jericho 0 6,894 6,894 $127,539 Sub total 1, RECs sold $0 0 $0 Grand Total 0 36,296 36,296 $671,476 TRANSMISSION The RMLD's total transmission costs for the month of December, 2016 were $863,599. This is a decrease of .27% from the November transmission cost of $865,917. In December, 2015 the transmission costs were $955,262. Table 6 Current Month Last Month Last Year Peak Demand (kW) 107,565 95,704 100,307 Energy (kWh) 58,589,656 52,217,414 56,019,481 Energy ($) $2,986,249 $2,545,398 $2,757,146 Capacity ($) $1,795,516 $1,630,243 $1,578,215 Transmission($) $863,599 $865,917 $955,262 Total $5,645,364 $5,041,558 $5,290,623 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 12/31/16 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 LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT RESTRICTED FOR DEPRECIATION FUND UNRESTRICTED TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS IE PREVIOUS YEAR CURRENT YEAR 11,358,085.47 15,081,102.32 21,442,729.78 22,649,697.18 1,284,061.4 5 1,345,663.06 7,501,623.12 9,566,223.57 2,750,539.26 1,129,845.45 1,547,815.00 6,338,218.00 1,674,959.04 1,580,914.77 47,559,813.12 57,691y664.35 26,993.75 26,993.75 70,337,308.32 72,977,009.04 70,364,302.07 73,004,002.79 130, 695,667.14 117, 924 116.19 7,304,330.51 7,209,463.04 903, 279.18 1,024,766.67 938,349.15 1,028,449.93 3,174,618.47 10,153,696.95 12,3 20, 577.31 19,416,374.59 3,070,487.93 3,257,809.00 3,070,487.93 3,257,809.00 15,391,065.24 _ 221674,183.59 70,337,308.32 72,977,009.04 6,426,278.58 6,298,216.37 25,769,463.05 29,746,258.14 102,533,049.95 108,021,483.55 117,924,115.19 130,696,667.14 Attachment 2 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 12131/16 SCHEDULE C PREVIOUS YEAR CURRENT YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 2,975.74 2,975.74 NEW ENGLAND HYDRO TRANSMISSION 24,018.01 24,018.01 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 26,993.75 26 993.75 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 1,265,842.23 STRUCTURES AND IMPROVEMENTS 6,481,420.15 8,148,752.49 EQUIPMENT AND FURNISHINGS 11,899,631.47 11,891,047.99 INFRASTRUCTURE 50,690,414.47 51,671,366.33 TOTAL CAPITAL ASSETS, NET 70,337,308.32 L2 009.04 TOTAL NONCURRENT ASSETS 70,364,302.07 73 004,002.79 m (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12!31116 TOTAL OPERATING REVENUES 8,832,106.72 7,023,255.22 45,619,957.16 48,768,656.61 7.11% OPERATING EXPENSES: PURCHASED POWER CAPACITY MONTH MONTH LAST YEAR CURRENT YEAR YTD % PURCHASED POWER TRANSMISSION LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: 2,757,146.26 2,986,248.94 17,855,289.73 17,176,745.04 -3.81% BASE REVENUE 1,759,727.09 1,970,195.55 12,234,940.48 13,622,803.32 10.53% FUEL REVENUE 2,826,699.78 2,573,066.92 17,626,976.64 17,129,636.64 -2.82% PURCHASED POWER CAPACITY 2,200,292.86 2,463,637.87 15,422,436.34 17,830,948.53 15.62% FORFEITED DISCOUNTS 86,146.38 66,416.22 405,781.68 458,872.78 12.59% ENERGY CONSERVATION REVENUE 60,272.62 61,161.08 361,624.05 350,942.52 -0.19/. NYPA CREDIT (91,032.01) (911,202.42) (620,802.01) (634,547.18) 2.64% TOTAL OPERATING REVENUES 8,832,106.72 7,023,255.22 45,619,957.16 48,768,656.61 7.11% OPERATING EXPENSES: PURCHASED POWER CAPACITY 1,773,743.78 1,802,095.92 9,392,215.86 10,272,863.98 9.38% PURCHASED POWER TRANSMISSION 955,262.13 863,599.00 6,812,931.23 7,091,289.59 4.09% PURCHASED POWER FUEL 2,757,146.26 2,986,248.94 17,855,289.73 17,176,745.04 -3.81% OPERATING 1,090,311.58 1,094,909.95 5,276,536.93 5,583,693.84 5.84°% MAINTENANCE 287,885.24 289,477.82 1,496,627.46 1,806,309.44 20.69% DEPRECIATION 328,732.65 341,775.67 1,972,396.90 2,050,654.02 3.97% VOLUNTARY PAYMENTS TO TOWNS 106,973.00 113,372.00 696,973.00 703.372.00 0.92% TOTAL OPERATING EXPENSES 7,300,054.64 7,491,479.30 43,601,969.90 44,683,927.91 2.72% OPERATING INCOME (467,947.92) (468,224.08) 2,017,987.26 4,072,628.70 101.82% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST (458.39) 633.93 38,444.74 70,421.93 83.13% RETURN ON INVESTMENT TO READING (197,537.10) (198,722.35) (1,185,222.60) (1,192,334.00) 0.60% INTEREST INCOME 14,139.36 15,485.66 69,114.38 73,472.79 6.31'% INTEREST EXPENSE (189.44) (1,960.60) (1,087.01) (2,926.91) 169.17% OTHER (MDSE AND AMORT) 3,039.25 (1,991.00) 148,729.86 185,732.80 24.88% TOTAL NONOPERATING REV (EXP) (181,006.32) (186,854.37) (930,020.64) (865,632.39) -8.92% CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF DECEMBER (648,954.24) (654,878.45) (3) 1,087,966.72 3,206,996.31 194.77% 101,446,083.23 104,814,487.24 3.32% 102,633,049.95 108,021,483.66 5.35°% OPERATING REVENUES: TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12131116 REMAINING 2017 ACTUAL BUDGET % BUDGET YEAR TO DATE BALANCE CHANGE BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE NYPA CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: PURCHASED POWER - CAPACITY PURCHASED POWER - TRANSMISSION PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS 25,500,000.00 13,522,803.32 11,977,196.68 46.97% 34,074,492.00 17,129,536.64 16,944,955.36 49.73% 34,322,278.00 17,830,948.53 16,491,329.47 48.05% 688,500.00 456,872.78 231,627.22 33.64% 673,000.00 350,942.52 322,057.48 47.85% (900,000.00) (534,547.18) (365,452.82) 40.61% _ 94,358,270.00 48,756,556.61 4601,713.39 48.33% 20,943,651.00 10,272,863.98 10,670,787.02 50.95% 13,378,627.00 7,091,289.59 6,287,337,41 52.96% 33,174,492.00 17,175,745.04 15,998,746.96 48.23% 12;107,683.00 5,563,693.84 6,523,889.16 53.88% 3,717,632.00 1,806,309.44 1,911,322.56 51.41% 4,134,000.00 2,050,654.02 2,083,345.98 50.40% 1,445,420.00 703,372.00 742,048.00 51.34% 88,901,405.00 .44,683.927.91 44,217,477.09 49.74% 5,456,865.00 4,072,628.70 1,384,236.30 25.37% 500,000.00 70,421.93 429,578.07 85.92% (2,534,668.00) (1,192,334.00) (1,342,334.00) 52.96% 125,000.00 73,472.79 51,527.21 41.22% (2,100.00) (2,925.91) 825.91 •39.33% 390,000.00 185,732.80 204,267.20 52,38% (1,521,760.00) (865,632.39) (656,135.61) 43.12% 3,935,097.00 3 206 996.31 _ 728,100.69 10.50% (M) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 12/31/16 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 711116 CONSTRUCTION FUND BALANCE 711116 INTEREST ON DEPRECIATION FUND FY 17 DEPRECIATION TRANSFER FY 17 LED GRANT PROGRAM TOTAL SOURCE OF CAPITAL FUNDS USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU DECEMBER TOTAL USE OF CAPITAL FUNDS GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/16 (4) 4,494,952.86 1,500,000.00 '16,360.04 2,050,654.02 62,600.00 8,123,466.92 2,825,250.55 5,298,216.37 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 12/31/16 (5) N MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 18,891,467 18,657,110 134,467,011 136,447,232 1.47% COMM. AND INDUSTRIAL SALES 29,987,560 31,062,309 209,094,489 206,674,777 -1.16% PRIVATE STREET LIGHTING 79,996 99,677 477,356 552,368 15.71% TOTAL PRIVATE CONSUMERS 48,959,023 _ 49,819,096 344,038,856 343,674,377 -0,11% MUNICIPAL SALES: STREET LIGHTING 222,241 185,163 1,381,864 1,229,430 -11.03% MUNICIPAL BUILDINGS 733,200 768,127 4,604,141 4,515,047 -1,94% TOTAL MUNICIPAL CONSUMERS 955,441 953,290 5,986,005 5,744,477 -4.03°(0 SALES FOR RESALE 203,566 179,911 1,726,301 1,598,470 -7.40% SCHOOL 1,233,814 1,197,145 7,085,798 6,709,791 -5.31% TOTAL KILOWATT HOURS SOLD 51,351,844 52,149,442 .358,836,960 36_7,727,115 -0.31% (5) N TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 12/31116 UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND CASH -TOWN PAYMENT CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - UNCOLLECTIBLE ACCTS RESERVE CASH - SICK LEAVE BENEFITS CASH -HAZARD WASTE RESERVE CASH -CUSTOMER DEPOSITS CASH -ENERGY CONSERVATION TOTAL RESTRICTED CASH INVESTMENTS SICK LEAVE BUYBACK TOTAL CASH BALANCE SCHEDULE A PREVIOUS YEAR CURRENT YEAR 11,355,085.47 15,078,102.32 3,000.00 3,000.00 11,358,085.47 15,081,102.32 6,426,278.58 5,298,216.37 0.00 1,900,333.98 4,430,170.05 4,536,119.09 6,796,669.46 6,848,427.56 200,000.00 200,000.00 1,805,599.83 1,940,334.17 150,000.00 150,000.00 903,279.18 1,024,765.67 730,732.68 751,500.34 21,442,729.78 22,649,697.18 (9) 1,284,061.45 1 345,663.06 34,084,876.70 39,076,462.56 'w TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 12/31/16 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTO % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 1,981,917.70 1,957,712.34 13,246,809.25 13,943,003.82 5.26% COMM AND INDUSTRIAL SALES 2,409,026.19 2,370,405.21 15,380,916.01 15,401,032.29 0.13% PRIVATE STREET LIGHTING 10,569.04 11,784.26 60,437.65 67,826.87 12.22% TOTAL PRIVATE CONSUMERS 4,401,512.93 4,339,901.81 28,688,162.91 2.52% 29,411,861.98 MUNICIPAL SALES: STREET LIGHTING (4,604.98) 19,829.34 71,970.65 155,340.74 115.84% MUNICIPAL BUILDINGS 65,864.54 67,951.40 380,857.63 386,097.04 .- 1.38% TOTAL MUNICIPAL CONSUMERS 61,259.56 _ 87,780.74 452.828.18 , 19.57% 541,437.78.. SALES FOR RESALE 19,010,76 16,618.91 149,317.64 144,198.01 -3.43% SCHOOL 104,643.82 98,951.01 570,608.37 554,842.19 -2.76% SUB -TOTAL 4,586,426.87 4,543,252.47 29,860,917.10 30,652,339.96 2.65% FORFEITED DISCOUNTS 86,146.38 66,416.22 405,781.68 456,872.78 12.59% PURCHASED POWER CAPACITY 2,200,292.86 2,453,637.87 15,422,436.34 17,830,948.53 15.62% ENERGY CONSERVATION - RESIDENTIAL 18,899.14 18,665.67 134,529.71 136,524,24 1.48% ENERGY CONSERVATION - COMMERCIAL 31,373.48 32,485.41 217,094.34 214,418.28 .'-1.23% NYPA CREDIT (91,032.01) (91,202.42) (520,802.01) (534,547.18) 2.64% TOTAL REVENUE 6,832,106.72 45,519,957.1648,756,556.61 7.11% 71023,255.22 'w TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 12/31/16 SCHEDULE E OPERATION SUP AND ENGINEERING EXP MONTH MONTH LAST YEAR CURRENT YEAR YTD % ' OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER CAPACITY 1,773,743.78 1,802,095.92 9,392,215.65 10,272,863.98 9.38% PURCHASED POWER TRANSMISSION 955,262.13 863,599.00 6,612,931.23 7,091,289.59 .4.09% TOTAL PURCHASED POWER 2,729,005.91 2,665,694.92 16,205,146.88 _ 17,364,153.57 7.15% OPERATION SUP AND ENGINEERING EXP 50,646.37 26,893.57 272,264.77 228,617.91 -16.03% STATION SUP LABOR AND MISC 14,514.87 8,343.42 75,545.30 68,665.36 -9.11% LINE MISC LABOR AND EXPENSE 75,056.73 56,029.79 381,563.83 310,706.06 -18.57% STATION LABOR AND EXPENSE 38,871.07 40,903.29 201,987.73 250,883.35 24.21% STREET LIGHTING EXPENSE 10,887.62 9,256.44 57,133.08 62,368.60 9.16% METER EXPENSE 20,955.83 14,507.25 111,130.00 101,905.99 -8.30°/. MISC DISTRIBUTION EXPENSE 39,758.80 49,957.46 219,477.30 213,764.07 -2.60% METER READING LABOR & EXPENSE 1,983.88 1,857.31 14,519.74 13,035.48 -10.22% ACCT & COLL LABOR & EXPENSE 173,003.27 152,509.46 841,209.15 861,985.96 2.47% UNCOLLECTIBLE ACCOUNTS 10,000.00 12,500.00 60,000.00 75,000.00 25.00% ENERGY AUDIT EXPENSE 42,657.32 33,480.54 275,006.58 242,801.94 -11.71% ADMIN & GEN SALARIES 87,965.26 71,663.53 444,925.26 477,382.86 7.30% OFFICE SUPPLIES & EXPENSE 46,308.92 44,708.66 157,940.86 151,102.83 -4.33% OUTSIDE SERVICES 21,578.06 146,099.41 181,123.00 337,474.60 86.32% PROPERTY INSURANCE 31,242.46 27,650.70 187,454.41 166,286.30 -11.29% INJURIES AND DAMAGES 5,867.83 3,562.53 24,546.32 26,762.30 9.03% EMPLOYEES PENSIONS & BENEFITS 337,363.61 273,781.81 1,399,760.93 1,520,499.13 8.63% MISC GENERAL EXPENSE 17,069.02 15,951.02 78,700.61 73,419.16 -6.71% RENT EXPENSE 14,157.49 15,030.63 85,750.73 84,171.52 -1.84% ENERGY CONSERVATION 60,223.17 90,223.13 205,497.33 316,860.42 54.19% TOTAL OPERATION EXPENSES 1,090,311.58 1,094,909.95 5,275,536.93 5,683,693.84 5 84%s MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.10 8,347.10 1,362.50 9,482.50' 595.96% MAINT OF STRUCT AND EQUIPMT 30,838.27 23,661.36 176,250.76 237,090.12 34.52% MAINT OF LINES - OH 170,208.97 134,041.67 843,652.77 899,160.99 6.58% MAINT OF LINES - UG 14,519.35 23,953.09 64,195.11 153,725.35 139.47% MAINT OF LINE TRANSFORMERS 0.00 464.50 79,916.66 18,387.89 -76.99% MAINT OF ST LT & SIG SYSTEM (20.72) (394.34) (324.85) 70,100.11 -21679.22% MAINT OF GARAGE AND STOCKROOM 57,544.79 35,081.75 268,911.17 249,428.62 -7.25% MAINT OF METERS 0.00 0.00 0.00 0.00 0.00% MAINT OF GEN PLANT 14,567.48 64,322.49 62,663.34 168,935.86 169.59% TOTAL MAINTENANCE EXPENSES 287,885.24 289.477.82 1,496,627.46 20.691/6 1,806,309.44 DEPRECIATION EXPENSE 328,732.65 341,775.67 1,972,395.90 2,050,654.02 3.97% PURCHASED POWER FUEL EXPENSE 2,757,146.26 2,986,248.94 17,855,289.73 17,175,745.04 -3.81% VOLUNTARY PAYMENTS TO TOWNS 106,973.00 113,372.00 696,973.00 703,372.00 0.92% TOTAL OPERATING EXPENSES 43,501,969.90 2.72% 7,300,054.64 7491,479.30 44,6 3,927.91 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/16 (128) REMAINING OPERATION EXPENSES: 2017 ANNUAL BUDGET ACTUAL YEAR TO DATE BUDGET BALANCE REMAINING BUDGET % PURCHASED POWER CAPACITY PURCHASED POWER TRANSMISSION 20,943,661.00 13,378,627.00 10,272,863.98 7,091,289.59 10,670,787.02 50.95% 6,287,337.41 47,00% TOTAL PURCHASED POWER 34,322,278,06 17,364,163.57 49.41% 16,958,124.43 OPERATION SUP AND ENGINEERING EXP 655,195.00 228,617.91 426,677.09 65,11% STATION SUP LABOR AND MISC 91,269.00 68,665.36 22,603.64 24.77% LINE MISC LABOR AND EXPENSE 901,213.00 310,706.06 590,506.94 65.62% STATION LABOR AND EXPENSE 472,879.00 250,883,35 221,995.65 46,95% STREET LIGHTING EXPENSE METER EXPENSE 102,402.00 62,368.60 40,033.40 39.09% MISC DISTRIBUTION EXPENSE 205,717.00 464,418.00 101,905,99 213,764,07 103,811.01 250,653.93 50.46% METER READING LABOR & EXPENSE 32,640.00 13,036.48 19,604.52 53.97% 60.06% ACCT & COLL LABOR & EXPENSE 1,792,724.00 861,986.96 930,738.04 51,92% UNCOLLECTIBLE ACCOUNTS 150,000.00 75,000.00 75,000.00 60,00% ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES 630,232.00 1,134,674.00 242,801.94 387,430.06 61.47% OFFICE SUPPLIES & EXPENSE 349,000.00 477,382.86 151,102.83 657,291.14 197,897.17 67.93% OUTSIDE SERVICES 418,100.00 337,474.60 80,625.40 56.70% 19.28% PROPERTY INSURANCE INJURIES AND DAMAGES 424,500.00 166,286.30 258,213.70 60.83% EMPLOYEES PENSIONS & BENEFITS 67,216.00 2,922,673.00 26,762.30 1,620,499.13 30,452.70 1,402,173.87 53,23% MISC GENERAL EXPENSE 219,156.00 73,419.16 145,736.84, 47,98% 66,50% RENT EXPENSE ENERGY CONSERVATION 212,000.00 871,574.00 84,171.52 127,828.48 60,30% 316,860.42 554,713.58 63.66% TOTAL OPERATION EXPENSES 12107,581.00 6,523,887.16 63.88% 6.583393.84 MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT 3,000.00 419,599.00 9,482.50 237,090.12 (6,482.50) -216.08% MAINT OF LINES - OH 2,044,499.00 699,160.99 182,608.88 1,145,338.01 43.50% MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS 125,066.00 300,000.00 153,725,35 (28,659.35) 56,02% -22.92% MAINT OF ST LT & SIG SYSTEM 10,287.00 18,387.89 70,100.11 281,612.11 (59,813.11) 93.87% MAINT OF GARAGE AND STOCKROOM 590,523.00 249,426.62 341,096.38 -681.44% 57.76% MAINT OF METERS MAINT OF GEN PLANT 44,658.00 180,000.00 0.00 44,658.00 100.00% 168,935.86 11,064.14 6,15% TOTAL MAINTENANCE EXPENSES 3,717,632.00 1,806,309.44 _ 1,911,322.56 51.41% DEPRECIATION EXPENSE 4,134,000.00 2,050,654.02 2,083,345.98 50.40% PURCHASED POWER FUEL EXPENSE 33,174,492.00 17,176,745.04 151998,746.96 48.23% VOLUNTARY PAYMENTS TO TOWNS 1,445,420.00 703,372.00 742,048,00 51.34% TOTAL OPERATING EXPENSES 88 901 403.00 _ 217,475.09 49,74% 44,683,927.9144 (128) READING MUNICIPAL LIGHT DEPARTMENT FOR PERIOD ENDING DECEMBER, 2016 PROJ DESCRIPTION CONSTRUCTION: 106 Underground Facilities Upgrades (URD's. Mannoles, etc) 107 13.8kV Upgrade (Step-down areas, etc.) SUB -TOTAL ACTUAL COST YTD ANNUAL REMAINING TOWN DECEMBER ADDITIONS BUDGET BALANCE A,L 11,168 262,981 149.965 (113,016) A_L 4,909 105,748 100,839 11,168 267,890 255,713 (12,177) AL_ 126,809 881,493 1,012,962 131,469 STATION UPGRADES: 108 Station 4 (GAW) Relay Replacement Project R 87,079 101,845 48,904 (52.941) 109 Station 4 35kV Potential Transformer Replacement R 57 194,518 (57) 110 4W9 Getaway Replacement-Staton 4 R 2,097 - 234,747 234,747 111 Substation Equipment Jpgrade (aa) ALL - 74,590 74,590 113 Station 4 (GAW) Battery Bank Upgrade R 24,000 24,000 17,037 (6,963) 120 Stat on 4 - Relay/SCADA Integration for Bus ABB R 24,261 70,308 46,047 130 Stat on 3 - Remote Terminal Unit (RTJ) Replacement KR - 39.330 39.330 133 Station 3 - Re:ay Upgrades and SCADA Integration NR 20,793 95,298 252.225 156,927 139 Station 5 - LTC Contror Replacement W - 41,543 41,543 140 Substation Grounding Equipment Upgrade ALL 2,491 7,064 20,671 20,671 131 SUBTOTAL ALL 131,872 245,461 799,355 553,894 134 Substation Test Equipment ALL 14,270 NEW CUSTOMER SERVICES: New Service lnstaaations (Commercial / Industr al) ALL 10,363 62,814 139,570 76.756 - SUB -TOTAL 54,188 10,363 62,814 139,570 76,756 AL_ 126,809 881,493 1,012,962 131,469 TOTAL CAPITAL BUDGET S 445,590 $ 2,825,251 $ 9,406,216 $ 6,602,623 ROUTINE CONST ADJ FOR WO MISPOSTING 21,658 („j y -November) Attachment 3 SPECIAL PROJECTS I CAPITAL PURCHASES: 100 Distr buted Gas Generation (Pilot FYI 6-17) ALL 43,175 2,720,409 2,677,234 102 Padmount Switchgear Jpgrade at Ind.istrial Parks W 194,518 194,518 103 Grid Modernizat on and Opitmization ALL 2,097 124,339 284,000 159,661 105 New Wilmington Sub -Station W - 250,000 250.000 112 AMI Mesh Network Expansion ALL 4,845 105,045 220,021 114,976 115 Fault ndicators A:_ 1,340 25,000 23,660 116 Transformers and Capacitors A_L 9,102 668,000 658.898 117 Meter Purchases A_L 16.140 80.000 63,860 125 GIS ALL 360,000 360,000 126 Commun cat on Equipment (FioerOpt c) ALL 2,491 7,064 69,173 62,109 131 LED Street Light Implementation ALL 52,750 368,534 804,070 435.536 134 Substation Test Equipment ALL 14,270 30,000 15,730 135 Ana og Devices Cap Bane Upgrade W - 54,188 54,188 136 Votage Data Recorders ALL 25.000 25,000 SUB -TOTAL 62,183 689,008 5,784,379 5,095,371 OTHER CAPITAL PROJECTS: 96 Control Center Modifications ALL 100,000 100,000 97 HVAC Roof Units - Garage R 3,111 44.484 - (44,484) 98 Carpet Upgrade R 8.430 71,653 63,223 99 Electric Vehicle Suppiy Equpment ALL 1,303 1,303 10,000 8,697 104 RMLD Lighting (LED) Upgrade 25.000 25,000 118 Rolling Stock Replacement AL_ 30,477 310,000 279,523 119 Security Upgrades All Sites A__ 27.840 34.684 5.000 (29,684) 121 mVAC System Upgrade .230 Asn Street R 52,214 467,785 500.000 32,215 127 Hardware Upgrades ALL 18,727 57,078 112.065 54,987 128 Software and Licens ng ALL 12,687 230.519 217,833 129 Master Facifties Site Pan R 50,000 50,000 SUB -TOTAL 103,195 656,927 1,414,237 757,310 TOTAL CAPITAL BUDGET S 445,590 $ 2,825,251 $ 9,406,216 $ 6,602,623 ROUTINE CONST ADJ FOR WO MISPOSTING 21,658 („j y -November) Attachment 3 N V .� O LEE CL W E 0 E L: -A I Ln W 0%OO O O ^ Cl O c � 1� OO_ N v CN CN (N69, �9LO &� ILc mac' R c � 3 c D O O Q 2) N -71 N N m o i a O a N Ea a N E -Cc 0 a D Q 0 O c s Q Q DO a Utol a a c v v a �= c �.- - o m a 0 N3 d � v � 3 v 0 c c a w> = v c m H c c V w o N � 0 0 O O p E N O U a� •- a D N cam v m °c m a) DSU Q O Z M O p H N c c U UN N O O Z .N Z � C_ N Q J r u 0 v C CL c E O C U L c C 3 7 w O L C , -C La O 3 U 3 L C. 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N1 R 1 1 1 N+ 230 Ah Strecl, int) Box 150 Reading, %I--\01967-0250 Town of Reading Municipal Light Board Subject: 1FB 2017-34 Grounds and Landscape Services Pursuant to M.G.L. c. 30B, on January 16, 2017 IFB 2017-34 was advertised in the Goods and Services Bulletin and on January 18, 2017 an invitation for bid was placed as a legal notice in the Middlesex East Section of the Daily Chronicle, on COMMBUYS, on the RMLD website and posted on the RMLD lobby bulletin board requesting scaled bids for Grounds and Landscape Services. An invitation for bid was sent to the following thirty companies: BHD Company Burns Landscaping Construction, LLC ConstructConnect Earthworks Landscaping Co., Inc Ferrari Landscaping Ground Masters Corporation Hummer's Lawn Care Leahy Landscaping Inc. Mayer Tree Service, Inc. NETCO Construction Project Managers ProScape Landscape LLC Shady Tree Landscaping, Inc. Gerrior Masonry & Landscape GroundMasters Landscape Corporation JR's Landscaping & Sons Linnehan Landscaping and Fuel MFB, Inc. ONVIA Sawyer Landscaping Strong Landscaping Inc. Ciro Carbone and Sons Landscaping, Inc. EZ Landscaping Inc. Greenscape Land Design, Inc. GTA Landscaping K.M. Earle Landscaping Mac's Landscaping NF.CC Corp. Pathfinder Tree Service, LLC Schulte Grounds Management, Inc. Tompkins Landscape Scaled bids were received from five companies: Ferrari Landscaping, Earthworks Landscaping Co., Inc., Greenscape Land Design, Inc., GroundMasters Landscape Corporation, and Tim Zanelli Excavating, LLC. The sealed bids were publicly opened and read aloud at 11:00 a.m. on February 8, 2017 in the Town of Reading Municipal Light Department's Audio Visual Spurr Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by staff and recommended to the General Manager. Move that bid 2017-34 for: Grounds and Landscape Services be awarded to: Greenscape Land Design, Inc. for $110,952.00 as the lowest responsive and responsible bidder on the recommendation of the General Manager. Attachment 4 File: Bid/FY17/2017-34 Grounds and Landscape Services am Reading Municipal Light Department HFI I%B LI VOR'FK F 0 K (;I N I KA 110 N+ 230 Ash Street, P.O Box 150 Reading, MA0107-0250 The FY2017 Operating Budget amount for this item is 545,000,00. 6DOAX,e Department Manager Department Director C&PGLA-1 General Manager File: Bid/ FY17/ 2017-34 Grounds and Landscape Services 2 2 2 � W � � © 2 k� m R o EM § co C4 < \ LO 0)2 2 | C / � $ 0 2 } V) C co Goa (6 64 Lci � l � } c T o V- C)E o 2N ) 00 a 00 0) L COk � C C 2 \ \ c 2 N k ( / 2 CV) S v 6c� 49 m / / c � cIciCL F. § , k CL � k j ° cu 2 k c e e c 2 � � ■ 2 < c (13 / k CL ® c r i < 2 o d U)3 k : � ƒ § §a �c k to (9 k co 2 3 3 3 u m From: Tracy Schultz To: RMLD Board Members Grouo Cc: Jeanne Foti Subject: Account Payable and Payroll Questions Date: Thursday, February 16, 2017 4:38:00 PM Good afternoon, There were no Account Payable Warrant questions for the following dates: January 20, January 27, February 3, and February 10. There were no Payroll questions for the following date: February 6. This message will be printed for the Board Packet for the RMLD Board Meeting on Thursday February 16, 2017. Tracy Schultz Executive Assistant Reading Municipal Light Department 230 Ash Street Reading, MA 01867 Tel: (781) 942-6489 Ext: 489 0c 0° e E N m— J O ad p1n o � o A� � A Cc n o W- o ' nc 0 a01 . g O 3 O V Cl aoM N O 40 CD CO W E r LL704 �a00 F H O mp0 CV �c0 c; c0 nGn _O U) e O °° A N in 11 006%r t0 N� CO H 00O mNr � N N N N N M ? 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