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Board - Committee - Commission - Council: iU rn 2I AM 9: 14,., e
RMLD Board of Commissioners
Date: 2018-03-15 Time: 07:30 PM
Building: Reading Municipal Light Building Location: Winfred Spurr Audio Visual Room
Address: 230 Ash Street Session: Open `Session
Purpose: General Business Version: Final
Attendees: Members - Present:
Philip B. Pacino, Chair
David Hennessy, Vice Chair
Tom O'Rourke, Commissioner
John Stempeck, Commissioner
Dave Talbot, Commissioner
Members - Not Present:
Others Present:
RMLD Staff:
Coleen O'Brien, General Manager
Hamid Jaffari, Director of Engineering and Operations
Jane Parenteau, Director of Integrated Resources
Wendy Markiewicz, Director of Business, Finance, and Technology
Joyce Mulvaney, Communications Manager
Tracy Schultz, Executive Assistant
Citizens' Advisory Board:
Jason Small, Vice Chair
Town of Reading Board of Selectmen:
John Arena, Chair
Barry Berman, Vice Chair
Dan Ensminger, Secretary
Town of Reading Finance Committee:
Peter Lydecker,'Chair
Vanessa Alvarado, Member
Mark Dockser, Member
Minutes Respectfully Submitted By: Philip B. Pacino, Secretary Pro Tem
Topics of Discussion:
Call Meeting to Order
Chair Pacino called the meeting to order.
Chair Pacino announced that the meeting is being videotaped at the RMLD office at 230 Ash
Street, for distribution to the community television stations in North Reading, Lynnfield, and
Wilmington. Live in Reading. Chair Pacino read the RMLD's Code of Conduct.
Page 1 1
Public Comment
Mr. Cohen did not have any comment.
Mr. Berman stated that, as a ratepayer, he wants to thank the RMLD for its tireless and
tremendous work to restore power through three storms. Mr. Berman stated that he has friends
outside the service territory who still do not have electricity and thanked the RMLD for a job well
done.
Approval of Board Minutes(Attachment 1)
Mr. O'Rourke made a motion, seconded by Vice Chair Hennessy, to approve the January 25,
2018 minutes.
Motion Carried.
5:0:0.
RMLD Board Member Attendance at Citizens' Advisory Board Meeting Report-Chair Pacino
Chair Pacino reported on the February 28th CAB meeting. The CAB approved minutes, received
an update from Ms. O'Brien about the LED streetlight program. Ms. Markiewicz presented the
financial report and Mr. 011ila made a presentation on the North Reading energy storage
project. There was general discussion regarding the payment to the Town. Chair Pacino stated
that the members of the CAB requested that the Board of Commissioners schedule their
meetings from now until December.
Report of the Chair- Chair Pacino
Meeting of the Sub-Committee on the Payment to the Town of Reading
Chair Pacino remarked that all the Board members attended that meeting. A presentation was
made of what is being referred to as a 'trial balloon.' Mr.Talbot clarified that there was no vote
taken by the Sub-Committee or the Board of Commissioners.
Mr. Dockser asked what the next steps are. Chair Pacino replied that the Sub-Committee will
meet on Wednesday, March 21 at 5:30 and the members will exchange ideas and get input
from all the different parties and go from there.
Mr. Ensminger explained that the Board of Selectmen wanted to follow up and answer Mr.
O'Rourke's question about the defined need for the money.
Mr. O'Rourke if there isn't an obligation to pay,which the White Paper dealt with, is there
something driving the request for more money?
Mr. Ensminger stated that there is a real financial need and then read the Instructional Motion
that was passed at the Town Meeting in April. Mr. Ensminger stated that the intent was a more
predictable stream of money. State aid has been cut and the CPI has been low. Mr. Ensminger
thanked the RMLD for its storm response.
General Manager's Report-Ms. O'Brien
RMLD Response to March 2, 2018, March 7-8, 2018, and March 13,2018 Storms
Mr. Jaffari stated that 3,000 customers lost service during the first storm. Most of them had power
restored within three hours. Because of the second storm, approximately 6,000 customers lost
power between Wednesday night and Thursday. Most of the service was restored by Saturday.
Mutual aid was activated on Thursday. Mr. Jaffari stated that RMLD is grateful for the help and
that thanked the crews, staff, and customers for being patient.
Mr. Jaffari explained that on a typical day RMLD receives about 321 calls. The first storm resulted
in 2,167 calls;the second storm in 5,388 calls, and the third storm in 317 calls.
Mr. Jaffari announced that a new outage management system will be operational by April 16.
Currently, RMLD receives calls and runners go out and investigate each call.They then report
Page 1 2
General Manager's Report-Ms. O'Brien
z RMLD Response to March 2,2018,March 7-8, 2018, and March 13, 2018 Storms
back if a crew needs to 'be dispatched. The outages are prioritized according to safety
concerns and then restoring the main lines, followed by the secondaries.
Mr. O'Rourke thanked Ms. Mulvaney for doing a great job communicating storm updates.
Report on APPA Legislative Rally
Ms. O'Brien thanked the Board for letting her attend the APPA Legislative Rally in Washington
D.C. Ms. Parenteau also attended this year. It which provides an opportunity for municipals to
appeal to their state representatives. This year's appeal addressed short and long-term planning
for capacity, transmission, and fuel in this area. It's important to speak on behalf of public power;
a lot of the time investor-owned utilities can drown out municipals.
Quarterly Updates: Organizational & Reliability Reports-Ms. O'Brien and Mr. Jaffari(Attachment
2)
Ms. O'Brien explained that the organizational study is down to a handful of things; the majority
are ongoing or completed. RMLD will be assessing employee culture in the fall of this year. Ms.
Mulvaney will be distributing internal and external surveys to measure customer satisfaction. The
other item on the list is an asset management/work order system. A few vendors have come in.
Ms. Markiewicz has it in the budget for next year. It will make RMLD more efficient.
Mr. O'Rourke stated that he and Vice Chair Hennessy both have survey experience and offered
up their collective expertise if assistance is needed. Mr. O'Rourke then asked what the
headcount of the RMLD is, and what it should be. Ms. Markiewicz answered that RMLD currently
has 73 employees. Ms. O'Brien explained that she's hesitant to give a target number. As each
Department is looked at and as employees retire, they may not be replaced with the exact job
description. Currently, there are seven or eight vacancies. There are three more divisions to look
at.
Integrated Resources Division - Ms. Parenteau
Power Supply Report-January 2018(Attachment 3)
Ms. Parenteau reported on January 2018 Purchase Power. The first week and a half of January
was extremely cold. ISO had a lack of Liquid Natural Gas (LNG), which caused some of our oil
units to run, including the Stonybrook Plant. To compare, last year the fuel cost for that unit was
less than $10,000. This year, our fuel cost for the some plant was over$975,000. 2018 was colder
than 2017 and 2016. kWh sales in January 2016 were 48.8 million. 56.8 million in in January 2017,
and 58.2 million in January 2018. When it's significantly colder, people use more electricity,
hence their electric bills being higher. Our deferred fuel cash reserve allowed us to flatten the
curve for our customers so that they don't see price spikes. We had anticipated taking $600,000
out of the deferred fuel cash reserve. In January we took out about$1.3 million. We will replenish
that. Mr.Stempeck clarified that the fund works as a buffer,which Ms. Parenteau verified.
Ms. Parenteau then presented a snapshot of ISO markets, day ahead and real time. 2017 was
relatively uneventful. 2018 was more volatile and consistently higher than 2017. The real time
prices were just below$300 a megawatt hour during the cold snap and remained relatively high
the rest of the month.
Vice Chair Hennessy asked what percentage of RMLD customers have electric heat? Ms.
Parenteau answered: less than 10 percent. Mr. Hennessy asked why then, was there such a spike
in kWh? Ms. Parenteau explained that furnaces are running, more people are utilizing electricity
via motors and fans, and space heaters are being used.
Financial Report- January 2018 - Ms.Markiewicz - (Attachment 4)
Ms. Markiewicz reported on the financials through January 31, 2018, which covers the first seven
months of FY 2018. Unrestricted cash is $250,000. The restricted cash is up about $6 million but
that's mostly due to the pension trust that has been added onto the books. Receivables are up
Page 1 3
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Financial Report- January 2018 - Ms. Markiewicz - (Attachment 4)
$1.6 million from last year and are 94 percent current. Capital assets have increased $3.7 million
from the prior year.
Ms. Markiewicz reviewed the twelve restricted cash funds.To determine the operating cash in
relation to monthly expenses, Ms. Markiewicz took the total operating expense for the year, and
divided it by 12. Using that formula, RMLD generally has two months to one-and-a-half months
reserved. RMLD is not the same as a regular business. Mr.Stempeck stated that RMLD has been
here for over one hundred years because it's a conservative organization. It is an excellent-way
to handle the volatility of the business.
Ms. Markiewicz then looked at net income and the rate of return. Net income has consistently
been reinvested in capital infrastructure for the past five years.
$8.6 million was allocated for capital projects; $3.5 million has been spent.There is a little over$5
million left in capital funds. We're $510,000 under budget for collecting on base revenue, which
is almost two percent down, currently. We have under-collected approximately $1.8 million in
power expenses. RMLD should have 41.6 percent remaining as of January 31, 2018. We are
currently under budget.
Engineering and Operations Report-January 2018 - Mr. Jaffari (Attachment 5)
Mr. Jaffari stated that $132,888 was spent on capital construction in January, bringing the YTD
total to$805,795.
Total capital spending in January was $756,962, bringing the YTD total to $3,493,520. There is
$4,192,001 remaining. When this is spent the total will be $7,685,521.
Mr. Jaffari stated that great progress is on routine maintenance. 71 tree;spans in January for a
total of 128 through December. Mr. Jaffari listed the underground subdivision upgrades that are
completed or are in progress.
Mr. Stempeck asked if RMLD uses its own crews for underground work. Mr. Jaffari answered yes,
the crews have been trained in underground splicing. However, RMLD has limited crews so they
need to be augmented with contractors for the next 10 to 15 years.
Mr. Jaffari then reviewed the double poles: Lynnfield has seven transfers and two pole butts to
remove; North Reading has 12 transfers and 35 pull poles; Reading has 24 pole transfers and 59
pull poles; Wilmington has 32 pending transfers and four pull poles. The ;large number of poles
shows that RMLD is upgrading; it's a good thing.
Mr. Jaffari explained that outages caused by major storms are not included in the reliability
indices; they are taken out of the calculations because it skews the numbers. It is unfair to
compare the reliability of a system that suffered massive storm damage and one that did not.
Every other outage is included. Mr. Jaffari explained that the graph showing outage causes is for
the month of January, so recent storms aren't reflected in the numbers.
RMLD Procurement Requests Requiring Board Approval - Mr. Jaffari(Attachment 6)
IFP 2018-37 Pole Mounted Transformers
Mr. Jaffari stated that the Invitation for Proposals was sent to 14 vendors. Four responses were
received. Overhead transformers are heavily used during system upgrades.
Mr.Stempeck made a motion,seconded by Mr. O'Rourke, that proposal 2018-37 for Pole
Mounted Transformers be awarded to:
WESCO Distribution, Inc. for$91,628.00 and Graybar Electric for$9,040.00, for a total of
$100,668.00, pursuant to M.G.L. c. 164 Section 56D on the recommendation of the General
Manager.
Page 1 4
RMLD Procurement Requests Requiring Board Approval - Mr. Jaffari(Attachment 6)
_ IFP 2018-39 Capacitor Banks
Mr.Jaffari explained that the Invitation for Proposals was sent to 16 vendors.Two responded.The
next lowest was WESCO. Capacitor banks are used to regulate voltage and minimize system
losses.
Mr.Stempeck made a motion, seconded by Mr. O' Rourke, that proposal 2018-39 for Capacitor
Banks be awarded to: Graybar Electric for$24,314.60, pursuant to M.G.L. c. 164 Section 56D on
the recommendation of the General Manager.
Adjournment
Mr.Stempeck made a motion,seconded by Mr. O'Rourke, to adjourn the Regular Session.
A true cop"f the RMLD Board of Commissioners minutes
as apTacino,
majority of the Commission.
P ilipecretary Pro Tem
RMLD Board of Commissioners
Page 1 5
1
READING MUNICIPAL
LIGHT DEPARTMENT
BOARD OF COMMISSIONERS
REGULAR SESSION
THURSDAY, MARCH 15, 2018
APPROVAL OF BOARD MINUTES
JANUARY 25, 2018
ATTACHMENT 1
READING MUNICIPAL LIGHT DEPARTMENT
BOARD OF COMMISSIONERS MEETING
230 Ash Street
Reading,MA 01867
January 25,2018
Start Time of Regular Session: 7:30 p.m.
End Time of Regular Session: 9:54 p.m.
Commissioners:
Phillip B. Pacino,Chair-Absent Dave Talbot, Commissioner
Dave Hennessy, Vice Chair-Secretary Pro Tem John Stempeck,Commissioner-Absent
Tom O'Rourke,Commissioner
Staff:
Coleen O'Brien, General Manager Wendy Markiewicz, Director of Business/Finance
Hamid Jaffari, Director of Engineering and Operations Joyce Mulvaney,Communications Manager
Jane Parenteau, Director of Integrated Resources Tracy Schultz, Executive Assistant
Citizens Advisory Board: Public:
George Hooper,Chair John Rogers,39 Tower Hill Road, Reading
Call Meeting to Order
Vice Chair Hennessy called the meeting to order and announced that the meeting is being videotaped at the
RMLD'office at 230 Ash Street, for distribution to the community television stations in Reading, North Reading,
Lynnfield,and Wilmington.
Opening Remarks
Vice Chair Hennessy read the RMLD Board of Commissioners' Code of Conduct and invited Reading resident .
John Rogers to make his public comments.
Public Comment
Mr. Rogers explained that he had e-mailed a letter about RMLD's solar policy to the Board of Commissioners.Mr.
Rogers stated that he has a solar system installed on his home and that he would like to make three main points:
RMLD's solar policy needs to be updated;fixing it is in RMLD's best interest;fixing it is easy. Mr. Rogers handed out
a packet containing excerpts from other municipals' solar policies and explained that Ipswich does a monthly
reconciliation that rolls over and then trues up the use and the generation once a year. Mr. Rogers stated that
RMLD's meters instantaneously true up and the capacity value his system provides isn't factored in. Mr. Rogers
asked the Commission to consider Ipswich's policy or have a monthly true up.
Mr.Talbot asked what changing the solar policy would add up to for Mr. Rogers.What's the difference when the
meter reconciles in real time? Mr.Rogers stated that his solar panels generate energy when he's not using power
(during the day) and he is getting paid 5 cents a kWh.
Ms. Parenteau stated that when the rate was set up it anticipated the current meters. One channel measures
everything a customer purchases from RMLD,one measures how much a customer generates.The rate needs to
be modified, but there are pluses and minuses on both sides. RMLD's rate is in the middle right now. RMLD strives
to be cost of service.
Mr. Rogers stated that the value of solar assessment is better for utility than homeowner. Most utilities reconcile
on an annual basis. Reading does minute to minute.There are 96 residential customers on solar.The next step is
for people to install batteries and completely migrate off the grid.
Vice Chair Hennessy thanked Mr. Rogers for his presentation.
Approval of Board Minutes(Attachment 1)
Mr.Talbot made a motion,seconded by Mr. O'Rourke that the Board approve the meeting minutes of
September 14,2017 and November 9,2017.
Motion Carried.
3:0:0
RMLD Board Member Attendance at Citizens'Advisory Board Meeting Report-Mr. O'Rourke
Vice Chair Hennessy thanked Chair Hooper for attending the meeting. Chair Hooper thanked Mr. Rogers for his
passionate presentation and stated that Mr. Rogers can also reach out to the CAB.
Mr.O'Rourke stated that the CAB meeting included discussions about a more automated and more responsive
outage management system,the storm liaison, and the second Solar Choice program.There was an update
on the organizational study.Mr. O'Rourke asked if it would have been appropriate forward Mr. Rogers' letter to
the CAB. Ms. O'Brien explained that it was addressed to herself and the Board. Ms. O'Brien stated that she can
talk to the Chairman as correspondence is received.
General Manager's Report-Ms. O'Brien
Regarding Mr. Rogers' presentation, Ms. O'Brien stated that RMLD must look through each component of the
solar rate. Ms. O'Brien stated that she wrote the one in Danvers and knows what other municipals have.
Ms. O'Brien said that she was asked to go back to the APPA Legislative Rally in Washington D.C. this year. It's
important to advocate for municipals retaining local control and making it clear that municipals are not the
some as investor-owned utilities. Additionally, RMLD was awarded the $1 million-dollar grant for the five-
megawatt battery storage unit. Ms. O'Brien has been asked to attend and requested to go to the trading floor
and attend NextEra Energy Marketing Public Power's Summit. It is a training and a conference. It will be career
development training.
Mr. O'Rourke made a motion, seconded by Mr. Talbot, that the Board approve Ms. O'Brien's travel to, and
attendance at, the NextEra Energy Marketing Public Power Summit, in Manalapan, Florida, from February 4 to
February 7,2018.
Motion Carried.
3:0:0
Mr. O'Rourke made a motion, seconded by Mr. Talbot, that the Board approve Ms. O'Brien's travel to, and
attendance at,the APPA Legislative Rally in Washington DC, from February 25 to March 1,2018.
Motion Carried.
3:0:0
Ms. O'Brien stated that she will report back to the Board following her attendance'at both events.
RMLD Response to January 4,2018 Storm
Ms. O'Brien stated that two commercial customers lost power during the storm. The taps burnt out and the
outages were isolated. RMLD was properly prepared for the storm. However, not much happened.
Integrated Resources Division
Community Engagement-Ms.Mulvaney
Ms.Mulvaney announced that RMLD held the award ceremonies for the Elementary School Art Contest winners.
Mr. O'Rourke commented on the maturity of the elementary school students. Ms.;Mulvaney stated that the art
contest for the high school students will kick off with informational sessions in April.
Ms. Mulvaney stated that the previous evening a Save Energy and Money informational session was held for
residential customers. Over forty customers attended.
Ms. Mulvaney announced that the RMLD website is going to be updated to improve navigation and streamline
content.
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Power Supply Report-November 2017-Ms. Parenteau (Attachment 3)
Ms. Parenteau reported on the renewable components of November 2017 purchase power. In 2013 hydro
represented about 5.75 percent of RMLD's overall portfolio. In 2017, hydro accounted for 13 percent. RMLD has
negotiated several contracts with developers of hydro.The percentage of the portfolio fluctuates because hydro
is weather dependent and seasonal. RMLD had no wind in its portfolio prior to 2014. RMLD has since signed two
contracts.Wind comprised 3 percent of the portfolio in 2015 and 4.5 percent in 2017.There was no solar in RMLD's
portfolio in 2013. In 2015, a 2-megawatt solar installation was put in Wilmington. There have been two other
projects since then, making solar 0.47 percent of the portfolio.
Vice Chair Hennessy asked which area of renewables does Ms. Parenteau foresee the most growth in? Ms.
Parenteau answered that wind has the largest potential for growth.Hydro projects are limited,as is solar capacity.
All renewables in the portfolio in November 2017 totaled 18 percent.
Mr. O'Rourke asked if the new battery storage unit will count as a renewable source of power. Ms. Parenteau
answered that it will,and that it is slated for installation in December of this year.
Mr.Talbot asked does selling RECs impact what we can say we're using in terms of renewables. Ms. Parenteau
replied that's why she has been careful not to call any of these power sources 'green.' Renewable is the type of
generation. Ms. Parenteau stated that she doesn't want to mislead public; she is talking about renewable
projects.
Mr. Talbot stated that the ability to call yourself green transfers with the Renewable Energy Certificates (RECs).
Mr.Talbot asked what the true percentage is without the RECs. From eighteen percent to what? Ms. Parenteau
clarified that she was not referring to renewable energy certificates,just the types of projects.
Chair Pacino called in to express his regret that he was unable to attend the meeting,due to both travel and an
illness. Chair Pacino then disconnected the call.
The discussion continued regarding whether 'renewables' can be referred to as 'renewables' when the RECs
have been sold.Mr. Rogers gave a history of RECs.
Proposed Rate for Solar Choice Program(Attachment 3)
Ms.Parenteau explained that RMLD is looking to refile its Solar Choice rate.The updated rate has been presented
to the CAB.Solar Choice I is fully subscribed with 500 customers and has been online since June 2017. After the
first seven months, the savings are greater. The customer cost dropped from $5 to $1. Modifications have been
made to the rate so that the first six months is$5 and then each project gets trued up on the actual performance.
Solar Choice II is online, 560 customers have signed up,which is 85 percent of the 660 available slots. Customers
can sign up for one share in multiple projects. RMLD is adding Solar Choice Business for small and medium
commercial customers.It bundles five solar choice shares,and will be$25 a month for the first six months,at which
point it will be trued up. Solar Choice Business Plus will be available for large commercial customers, with an
individual customer's share not to exceed 25 percent of the total project, subject to availability. These are all
good changes.
Mr.Talbot made a motion,seconded by Mr. O'Rourke,that the Board of Commissioners adopt the Solar Choice
Rate, MDPU No.278, dated to be effective February 1,2018, on the recommendation of the General Manager.
Motion Carried.
3:0:0
Financial Report- November 2017-Ms.Markiewicz- (Attachment 4)
Ms.Markiewicz reported on the first five months of FY 18 ending November 30.The statement of net assets shows
RMLD is doing well. Receivables are 95 percent current, which is up 3 percent from last year, and it is currently
moratorium. Ms. Parenteau stated that Ms. Hanifan has been diligently working with customers. RMLD's sources
of capital are currently$6.7 million,of that,RMLD has spent$2.2 million,leaving capital funds of almost$4.5 million.
If you look at last year,the depreciation fund has decreased.That is due to the capital projects.YTD as compared
to the budget profit and loss statement shows purchase power transmission capacity is under collected by about
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Financial Report- November 2017-Ms.Markiewicz- (Attachment 4)
$224,000,which Ms. Parenteau compensates for monthly. If you look at the actual as compared to the budget
for the first five months of the year we should have 58.3 percent of the budget remaining. 62.4 percent remains
of the budget. It could be due to the timing of projects and payments. Ms. Markiewicz then reviewed the $94-
million-dollar budget,stressing how many of RMLD's costs are fixed.
Engineering and Operations Report-November 2017-Mr.Jaffari(Attachment 5)
Mr. Jaffari reported on November 2017 and explained that lots of projects start in the spring and go into the
summer. That's when most of the spending occurs. That will bring the plant value up. RMLD is making great
progress on capital projects. Non-project capital improvements totaled $134,946 in November, bringing YTD to
$546,813.Total Capital Spending in November was$584,377, bringing YTD to$2,236,964.The remaining balance
is $5,448,557. Expenditures will start to increase in April. RMLD is making great progress on routine maintenance
such as pole inspections.The feeder inspection program was being improved,so there were no inspections done
between October and December. Porcelain cutout replacements are ninety-one percent completed.
Mr.Jaffari stated that at a meeting earlier in the week,a North Reading Selectman remarked that they were very
pleased with the tree trimming program. Mr. Jaffari continued, explaining that RMLD went from a five-foot span
to an eight-foot span. It has improved reliability.
Vice Chair Hennessy asked how do you know that there haven't been as many tree incidents? Mr. Jaffari
answered that they are being tracked. GIS also tracks the tree growth. The trimming has been around main
feeders and laterals. It is a 5-year cycling program.Most utilities trim a ten-foot span.
Now that the GIS system is completed, the underground subdivisions are: being prioritized. There are
approximately 150 communities that need equipment upgrades. It will increase reliability.
Mr.Jaffari then moved on double poles and the NJUNS report. Lynnfield has 5 pending transfers. Reading has 21
pending transfers and 57 pull poles for a total 78. North Reading has a total of 33, made up of 13 transfers 20 pull
poles. Wilmington has 31 pending transfers and 4 pull poles,for a total of 35. RMLD tries to move ten a week.
Mr.Jaffari then stated that RMLD is doing great reliability-wise. RMLD is below regional and national averages.
Mr.Jaffari then presented a bar chart of outage causes,rather than the customdry pie chart.
CAB Chair Hooper asked if the tree wardens of each town are contacted before tree trimming occurs.Mr.Jaffari
replied that a map is posted before anything is trimmed. Prior to the trimming,the RMLD tree liaison contacts the
wardens to let them know where RMLD will be.
RMLD Procurement Requests Requiring Board Approval - Mr.Jaffari(Attachment 6)
IFP 2018-26 - 35kV Underground Cable
Mr.Jaffari explained that these are the underground cables between Station 4 arid Station 5. RMLD sent notice
to 22 potential bidders and received five responses.Wesco. In 2011 the cable cost$11.87 a foot. Now it costs
$10.05 a foot.
Mr.O'Rourke made a motion,seconded by Mr.Talbot,that proposal 2018-26 for 35kV Underground Cable be
awarded to:WESCO Distribution for$60,300.00, pursuant to M.G.L. Chapter 164§ 561D on the recommendation
of the General Manager.
Motion Carried.
3:0:0.
General Discussion
The future dates of the CAB and Board meetings were discussed.There is a Sub-Committee meeting on the
Payment to the Town of Reading on February 13, 2018.
4
Executive Session
At 9:25 p.m. Mr. O'Rourke made a motion, seconded by Mr. Talbot, that the Board go into Executive Session to
discuss trade secrets or confidential, competitively-sensitive or other proprietary information in the course of
activities conducted by a governmental body as an energy supplier under a license granted by the Department
of Public Utilities,and to consider the purchase of real property and return to Regular Session for the sole purpose
of adjournment.
Vice Chair Hennessy called for a poll of the vote: Mr. O'Rourke: Aye;Mr.Talbot:Aye;Vice Chair Hennessy: Aye.
Motion Carried 3:0:0.
Adjournment
Mr. O'Rourke made a motion,seconded by Mr.Talbot,to adjourn the Regular Session.
A true copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
David Hennessy,Vice Chair,Secretary Pro Tem
RMLD Board of Commissioners
5
QUARTERLY UPDATE:
ORGANIZATIONAL & RELIABILTY REPORTS
ATTACHMENT 2
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MARCH,, 2018 STORM DATA
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WEBSITE AND TWITTER FOLLOWING DURING MARCH
STORMS
• IN FEBRUARY, 2018 RMLD HAD 1,437 TWITTER FOLLOWERS
• 3/2 (STORM #1) GAINED 187 TWITTER FOLLOWERS: 1,624
3/8 (STORM #2) GAINED 607 TWITTER FOLLOWERS: 2,231
• 3/1.3 (STORM #3) GAINED 30 TWITTER FOLLOWERS: 2,249
WEBSITE;SESSIONS:
3/2 (STORM #11: 1,,761
3./8 (STORM #2;):5;677
3/13 --
POWER SUPPLY REPORT
JANUARY 2018
ATTACHMENT 3
INTEGRATED RESOURCES
Board of Commissioners Meeting
Reporting for January, 2018
Jane Parenfeau, Director of Integrated Resources
March 15, 2018
• • • • • • • •
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 29 29 30 31 ;
Days of January
®2017 ®2018
To: Coleen O'Brien
From:. aureen McHugh,Jane Parenteau
Dat. March 5,2018
Subject: Purchase Power Summary—January,2018
Energy Services Division(ESD)has completed the Purchase Power Summary for the
month of January,2018.
+j ENERGY
f The RMLD's total metered load for the month was 60,158,734 kWh,which is a 4.29%
increase from the January,2017 figures.
Table 1 is a breakdown by source of the energy purchases.
Table 1
Amount of Cost of %of Total Total$ $as a
Resource Energy Energy Energy Costs %
(kWh) ($/Mwh)
Millstone#3 3,723,907 $6.38 6.17% $23,752 0.62%
Seabrook 5,909,413 $5.92 9.79% $34,984 0.92%
Stonybrook Intermediate 6,482,558 $128.95 10.74% $835,928 21.93%
Shell Energy 9,311,200 $57.98 15.42% $539,842 14.16%
NYPA 2,648,679 $4.92 4.39% $13,032 0.34%
Nextera 2,812,000 $80.41 4.66% $226,111 5,93%
ISO Interchange 9,191,505 $87,96 15.23% $808,501 21.21%
Nema Congestion - $0.00 0.00% -$374,821 -9.83%
Coop Resales 20,917 $140.83 0.03% $2,946 0.08%
EDF 5,507,200 $61.32 9.12% $337,707 8.86%
Hydro Projects* 3,534,934 $66,40 5.86% $234,703 6.16%
Braintree Watson Unit 943,693 $216.20 1.56% $204,027 5.35%
Saddleback/Jericho Wind 2,365,263 $48.01 3.92% $113,554 2.98%
One Burlington&Comm.Solar 117,771 $72.27 0.20% $8,511 0.22%
Exelon 7,065,600 $93.76 11.70% $662,481 17.38%
Stonybrook Peaking 733,657 $191.16 1.22% $140,246 3.68%
Monthly Total 60,368,297 $63.14 100.00% $3,811,502 100.00%
'Pepperell, Woronoco,lndian River,Turner Falls,Collins,Pioneer,Hosiery Mills,Aspinook Hydro
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT
Net Energy for the month of January,2018.
Table 2
Amount Cost %of Total
Resource of Energy of,Energy Energy
(kWh) ($/Mwh)
ISO DA LMP* 5,778,619 $40.80 9,57%
Settlement
RT Net Energy** 3,412,887 $312.49 5.65%
Settlement
ISO Interchange 9,191,505 $87.96 15.23%
(subtotal)
"Independent System Operator Day-Ahead Locational Marginal Price
JANUARY 2018 ENERGY BY RESOURCE
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1 Stonybrook Pk. Jericho Wind
1.22"/0 1.48% Millstone 03
j - 6.37%
Solar Projects
1 Exeion ��i Seabrook
Saddleback ;i I
Stonybrook Inter
10.%4%
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EDF
9.12%
Hydro Projects Shefl Ener
5.86%, 15.42%
coiip resales ISO Interchange
15.23%
j Nexlerti ,
NYPA 4.66% L
CAPACITY
The RMLD hit a demand of 108,096 kW,which occurred on January 2,at 6 pm. The
RMLD's monthly UCAP requirement for January, 2018 was 222,777 Ms.
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Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements.
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Table 3
{
Source Amount(kWs) Cost($IkW-month) Total Cost$ %of Total Cost
Millstone#3 4,950 24.70 $122,284 5.80%
Seabrook 7,909 18.89 $149,439 7.08%
Stonybrook Peaking 24,980 1.94 $48,455 2.30%
Stonybrook CC 42,925 3.31 $141,898 6.73%
NYPA 0 0.00 -$16,680 -0.79%
Hydro Quebec 0 0 -$76,680 -3.63%
I Braintree Watson Unit 0 0.00 $55,118 2.61%
ISO-NE Supply Auction 142,013 11.87 $1,685,928 79.91%
Total 222,777 $9.47 $2,109,761 100.00%
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Table 4 shows the dollar amounts for energy and capacity per source.
Table 4 Cost of
%of Amt of Energy Power
Resource Energy Capacity Total cost Total Cost (kWh) ($/kWh)
Millstone#3 $23,752 $122,284 $146,036 . 2.47% 3,723,907 0.0392
Seabrook $34,984 $149,439 $184,423 3.11% 5,909,413 0.0312
Stonybrook Intermediate $835,928 $141,898 $977,826 16.51% 6,482,558 0.1508.
Hydro Quebec $0 -$76,680 -$76,680 -1.30% - 0.0000
Shell Energy $539,842 $0 $539,842 9.12% 9,311,200 0.0580
NextEra/EDF $226,111 $0 $226,111 3.82% 2,812,000 0.0804
* NYPA $13,032 -$16,680 -$3,649 -0.06% 2,648,679 -0.0014
ISO Interchange $808,501 $1,685,928 $2,494,429 42.13% 9,191,505 0.2714
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Nemo Congestion -$374,821 $0 -$374,821 -6.33% - 0.0000
EDF $337,707 $0 $337,707 5.70% 5,507,200 0.0613
Hydro Projects $234,703 $0 $234,703 3.96% 3,534,934 0.0664
Braintree Watson Unit $204,027 $55,118 $259,145 4.38% 943,693 0.2746
w Saddleback/Jericho $113,554 $0 $113,554 1.92% 2,365,263 0.0480
Burlington 8 Community Solar $8,511 $0 $8,511, 0.14% 117,771 0.0723
Coop Resales $2,946 $0 $2,946 0.05% 20,917 0.1408
Exelon Energy $662,481 $0 $662,481 11.19% 7,065,600 0.0938
Stonybrook Peaking $140,246 $48,455 $188,700 3.19% 733,657 0.2572
Monthly Total $3,811,502 $2,109,761 $5,921,263 100.00% 60,368,297 0.0981
* Renewable Resources once RECs are sold 14.36%
*Renewable Resources;per RMLD Board Policy,any RECs are sold to offset energy costs for all customers.
RENEWABLE ENERGY CERTIFICATES (RECs)
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
II Projects through January, as well as their estimated market value.
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Table 5
RECs Summary
Period- July 2017-January 2018
Banked Projected Total Est.
RECs RECs RECs Dollars
Woronoco 309 946 1,255 $12,549
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Pepperell 461 1,190 1,651 $16,510
Indian River 51 489 540 $5,400
I Turners Falls 90 422 512 $5,120
Saddleback 1,408 5,904 7,312 $73,120
Jericho 865 4,012 4,877 $48,770
'Sub total. 3il84 12,963 I-OX47
RECs Sold $0 0 $0
Grand Total 3,184 12,963 16,147 $161,469
TRANSMISSION
The RMLD's total transmission costs for the month of January,2018 were$1,176,742.
This is an increase of 37.03% from the December transmission cost of$858,764. In
January, 2017 the transmission costs were$1,019,500.
Table 6
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Current Month Last Month Last Year
Peak Demand(kW) 108,096 104,381 105,335
Energy(kWh) 60,368,297 58,902,789 58,270,115
Energy($) $3,811,502 $2,979,091 $2,911,543
Capacity($) $2,109,761 $2,021,055 $1,477,200 j
Transmission($) $1,176,742 $858,764 $1,019,500
Total $7,098,005 $5;858,910 $5,408,243
FINANCIAL REPORT
JANUARY 2018
ATTACHMENT 4
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Town of Reading, Massachusetts
Municipal Light Department
Statement of Net Assets
January 31,2018
2018 2017
ASSETS
Current:
Unrestricted Cash $16,103,670.32 $15,850,224.24
Restricted Cash 28,649,043.38 22,605,998.32
Restricted Investments 1,329,906.48 1,345,663.06 ,
Receivables,Net 9,930,110.92 8,285,113.20
Prepaid Expenses 848,921.46 1,937,910.40
Inventory 1,570,899.03 1,568,809.91
Total Current Assets 58,432,551.59 51,593,719.13
Noncurrent:
Investment in Associated Companies 212,427.92 26,993.75
Capital Assets,Net 77,092,631.75 73,414,409.00
Total Noncurrent Assets 77,305,059.67 73,441,402.75
Deferred Outflows-Pension Plan 4,135,078.00 6,338,218.00
TOTAL ASSETS 139,872,689.26 131,373,339.88
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LIABILITIES
Current
I Accounts Payable 8,994,863.35 6,939,310.44
Accrued Liabilities 734,767.56 710,032.79
Customer Deposits 1,157,139.00 986,734.14
Customer Advances for Construction 1,313,671.28 1,110,355.53
Total Current Liabilities 12,200,441.19 9,746,432.90
Non-current
Accrued Employee Compensated Absences 3,150,134.05 3,257,809.00
Net OPEB Obligation 138,068.00 0.00
Net Pension Liability j13,076,538.00 8,833,549.00
Total Non-current Liabilities 16,364,740.05 12,091,358.00
Deferred Inflows-Pension Plan 714,888.00 883,172.00
TOTAL LIABILITIES 29,280,069.24 22,720,962.90
NET POSITION '
Invested in Capital Assets, Net of Related Debt 77,092,631.75 73,414,409.00
Restricted for Depreciation Fund 5,287,898.22 4,863,316.41
Restricted for Pension Trust 5,683,014.26 0.00
Unrestricted 22,529,075.79 301374;651.57
TOTAL NET POSITION 110,592,620.02 108,652,376.98
Total Liabilities and Net Assets $139,872,689.26 $131,373,339.88
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Town of Reading,Massachusetts
Municipal Light Department
Schedule of Cash and Investments
January 31,2018
2018 2017
Unrestricted Cash
Cash-Operating Fund $16,100,170.32 $15,847,224.24
Cash-Petty Cash 3,500.00 3,000.00
Total Unrestricted Cash 16,103,670.32 15,850,224.24
Restricted Cash
Cash-Depreciation Fund 4,717,650.82 4,863,316.41
Cash-Construction Fund 443,037.57 0.00
Cash-Town Payment 2,299,494.19 2,217,056.31,
Cash-Deferred Fuel Reserve 3,956,575.32 4,667,343.23
Cash-Rate Stabilization Fund 6,937,922.43 6,852,727.56
Cash-Pension Trust 5,683,014.26 0.00
Cash-Uncollectible Accounts Receivable 200,000.00 200,000.00
Cash-Sick Leave Benefits 1,857,927.31 1,944,534.17
Cash-Hazard Waste Reserve 750,000.00 150,000.00,
Cash-Customer Deposits 1,157,139.00 986,734.14;
Cash-Energy Conservation 646,282.48 724,286.50
Total Restricted Cash 28,649,043.38 22,605,998.32
Investments
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Sick Leave Buyback 1,329,906.48 1,345,663.061
Total
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Town of Reading, Massachusetts
Municipal Light Department
Capital Funds
January 31,2018
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/17 $ 2,406,969.15
CONSTRUCTION FUND BALANCE 7/1/17 2,500,000.00
ADDITIONAL FUNDS ADDED TO CONSTRUCTION FUND BALANCE 12/31/17 1,200,000.00
INTEREST ON DEPRECIATION FUND FY 18 35,414.46
DEPRECIATION TRANSFER FY 18 2,511,826.94
TOTAL SOURCE OF CAPITAL FUNDS 8,654,210.55
USE OF CAPITAL FUNDS:
ADDITIONS TO PLANT THRU JANUARY 2018
TOTAL USE OF CAPITAL FUNDS 3,493,522.16
GENERAL LEDGER CAPITAL FUNDS BALANCE 1/31/18 $ 5,160,688.39
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I Town of Reading,Massachusetts
Municipal Light Department
Statement of Revenues,Expenses and Changes in Fund Net Assets;
1 January 31,2018
Month Month Year to Date Year to Date Percent
Operating Revenue Current Year Last Year Current Year Last Year Change
Base Revenue $2,338,527.08 $2,082,018.94 $15,736,968.78 $15,604,822.26 0.8%
Fuel Revenue 2,730,249.25 3,149,834.16 17,240,127.64 20,279,370.80 (15.0%)
Purchased Power Capacity 3,625,660,83 2,904,975.54 23,510,301.26 20,735,924.07 13.4%
Forfeited Discounts 89,217.95 76,354.02 523,862.52 533,226.80 (1.8%)
Energy Conservation Revenue 57,103.94 55,706.82 395,852.73 406,649.34 (2.7%)
NYPA Credit _ (118;534.20) (121,364.18) (613 164,92) (655,911.36) (6.5%)
Total Operating Revenue 8,722,224.85 8,147,525.30 56,793,948.01 56,904,081.91 (0.2%)
Expenses
Power Expenes:
547 Purchased Power Fuel Expense 3,815,602.60 2,911,543.18 18,525,019.00 20,087,288.22 (7.8%)
555 Purchased Power Capacity 2,142,038.41 1,513,015.67 14,804,088.18 11,785,879.65 25.6%
565 Purchased Power Transmission 1,176,741.85 1,019,499.88 8,634,969.81 8,110,789.47 6.5%
Total Purchased Power 7,134,382.86 5,444,058.73 41,964,076.99 39,983,957.34 5.0%
Operations and Maintenance Expenses:
580 Supervision and Engineering 52,680.81 (2,253.32) 335,709.19 235,847,09 42.3%
581 Station Supervison 14,461.20 13,099.46 88,752.50 81,764.82 8.5%
581 Line General 87,331.18 66,244.90 432,659.95 376,950.96 14.8%
582 Control Room _ 37,613.63 32,181.22 243,079.58 283,064.57 (14.1%)
585 Street Lighting 24,168.94 8,312.22 57,190.74 140,780.93 (59.4%)
586 Meter General 32,469.79 21,408.05` 155,123.30 123,314.04 25.8%
588 Materials Management 56,698.86 43,161.34 310,119.24 256,925.41 20.7%
590 Maintenance of Structures and Equipment 44,565.70 36,771.69 270,075.92 273,861.81 (1.4%)
593 Maintenance of Lines-Overhead 120,518.19 231,710.44 912,932.20 1,130,871.43 (19.3%)
594 Maintenance of Lines-Underground 285.59 35,755.43 52,947.04 189,480.78 (72.1%)
595 Maintenance of Line Transformers 10,270.75 1,725.00 71,554.96 20,112.89 255.8%
Total Operations and Maintenance Expenses 481,064.64 488,116.43 2,930,144.62 3,112,974.73 (5.9%)
General&Administration Expenses:
902 Meter Reading 6,595.56 3,026.87 23,818.96 16,062.35 48.3%
903 Customer Collections 156,142.48 84,708.69 968,684.92 946,694.65 2.3%
904 Uncollectible Accounts 12,500.00 12,500.00 87,500.00 87,500.00 0.0%
916 Energy Audit 39,986.79 46,224.35 278,232.39 289,026.29 (3.7%)
916 Energy Conservation 45,000.79 82,920.66 352,513.40 399,781.08 (11.8%)
920 Administrative and General Salaries 113,576.59 76,169.73 651,359.75 553,552.59 17.7%
i 921 Office Supplies and Expense 27,255.32 7,700.59 178,456.67 158,803.42 12.4%
923 Outside Services 68,266.39 (41,380.76) 492,326.70 296,093.84 66.3%
924 Property Insurance 27,958.80 7,184.86 196,852.73 173,471.16 13.5%
925 Injuries and Damages 4,732.68 9,233.24 30,253.93 35,995.54 (16.0%)
926 Employee Pensions and Benefits 432,620.17 762,737.55 1,981,782'.88 2,283,236.68 (13.2%)
930 Miscellaneous General Expense 4,609.66 11,742.36 68,857.89 85,161.52 (19.1%)
931 Rent Expense 13,445.63 16,398.29 109,524:67 100,569.81 8.9%
933 Transportation Expense 21,895.17 0.00 173,599.23 0.00 (100.0%)
933 Transportation Expense Capital Clearing (21,530.00) 0.00 (196,633.20) 0.00 100.0%
935 Maintenance of General Plant 15,538.24 13,326.59 213,992.26 182,262.45 17.4%
935 Maintenance of Building&Garage 57,887.92 47,655.24 291,365'93 297,081.86 (1 9%)
Total General&Administration Expenses 1,026,482.19 1,140,148.26 5,902,486;11 5,905,293.24 (0.0%)
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{ Town of Reading,Massachusetts
j Municipal Light Department
Statement of Revenues,Expenses and Changes in Fund Net Assets
January 31,2018
1
i Month Month Year to Date Year to Date Percent
Current Year Last Year Current Year LastlYear Change
Other Operating Expenses:
I r
! 403 Depreciation 358,832.42 341,775.67 2,511,826.94 2,392,429.69 5.0%
408 Voluntary Payments to Towns 856,620.67 118,000.00 1,617,730.69 821,372.00 97.0%
Total Other Expenses 1,215,453.09 459,775.67 4,129,557.63 3,213,801.69 28.5%
Operating Income (1,135,157.93) 615,426.21 1,867,682.66 4,688,054.91 (60.2%)
Non Operating Revenue(Expenses):
{
I419 Interest Income 20,810.73 11,645.97 135,993.09 85,118.76 59.8%
i 419 Other 282,347.32 202,725.97 641,758.49 458,880.70 39.9%
x 426 Return on Investment to Reading (201,647.50) (198,722.33) (1,411,532.50) (1,391,056.33) 1.5%
431 Interest Expense (6,698.97) (182.39) (9,341.1,6) (3,108:30) 200.5%
Total Non Operating Revenue(Expenses) 94,811.58 15,467.22 (643,122:08) (850,165.17) (24:4%)
Change in Net Assets (1,040,346.35) 630,893.43 1,224,560.58 3,837,889.74 (68.1%)
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Net Assets at Beginning of Year 109,368,059.44 104,814,487.24 109,368,059.44 104,814,487.24 4.3%
Ending Net Assets 1,8%
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Town of Reading,Massachusetts
Municipal Light Department
Statement of Budgeted Revenues,Expenses and Changes in Fund Net Assets
January 31,2018
Actual Budget Remaining Remaining
Operating Revenue Year to Date Full Year Budget Budget%
Base Revenue $15,736,968.78 $26,337,621.00 $10,600,652.22 40.2%
Fuel Revenue 17,240,127.64 32,491,810.00 15,251,682.36 46.9%
Purchased Power Capacity 23,510,301.26 38,088,978.00 14,578,676.74 38.3%
Forfeited Discounts 523,862.52 800,000.00 276,137.48 34.5%
Energy Conservation Revenue 395,852.73 675,000.00 279,147.27 41.4%
NYPA Credit (613,164.92) (1,200,000.00) (586 835.08) 48.9%
Total Operating Revenue 56,793,948.01 97,193,409.00 40,399,460.99 41.6%
Expenses
Power Expenses:
547 Purchased Power Fuel Expense 18,525,019.00 31,291,810.00 12,766,791.00 40.8%
555 Purchased Power Capacity 14,804,088.18 24,476,161.00 9,672,072.82 39.5%
565 Purchased Power Transmission 8,634,969.81 13,612,817.00 4,977,847.19 36.6%
Total Purchased Power 41,964,076,99 69,380,788.00 27,416,711.01 39.5%
Operations and Maintenance Expenses:
580 Supervision and Engineering 335,709.19 764,615.00 428;905.81 56.1%
581 Station Supervisor 88,752.50 130,662.00 41;909.50 32.1%
581 Line General 432,659.95 596,007.00 163,347.05 27.4%
582 Control Room 243,079.58 466,783.00 223,703.42 47.9%
585 Street Lighting 57,190.74 156,893.00 99,702.26 63.5%
586 Meter General 155,123,30 212,909.00 57,785.70 27.1%
588 Materials Management 310,119.24 458,328.00 148,208.76 32.3%
590 Maintenance of Structures and Equipment 270,075.92 494,936.00 224,860.08 45.4%
593 Maintenance of Lines-Overhead 912,932.20 1,980,611.00 1,067,678.80 53.9%
594 Maintenance of Lines-Underground 52,947.04 197,002.00 144,054.96 73.1%
595 Maintenance of Line Transformers 71,554.96 300,000.00 228,445.04 76.1%
Total Operations and Maintenance Expenses 2,930,144.62 5,758,746.00 2,828,601.38 49.1%
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General&Administration Expenses:
902 Meter Reading 23,818.96 37,461.00 13,642.04 36.4%
903 Customer Collection 968,684.92 1,869,393.00 900,708.08 48.2%
904 Uncollectible Accounts 87,500.00 150,000.00 62,500.00 41.7%
916 Energy Audit 278,232.39 509,232.00 230,999.61 45.4%
916 Energy Conservation 352,513.40 952,565.00 600,051.60 63.0%
920 Administrative and General Salaries 651,359,75 1,017,151.00 365,791.25 36.0%
921 Office Supplies and Expense 178,450.67 350,000.00 171,549.33 49.0%
923 Outside Services 492,329.70 759,191.00 266,861.30 35.2%
924 Property Insurance 196,852.73 427,200.00 230,347.27 53.9%
925 Injuries and Damages 30,253.93 52,613.00 22,359.07 42.5%
926 Employee Pensions and Benefits 1,981,782.88 3,000,437.00 1,018,654.12 34.0%
930 Miscellaneous General Expense 68,857.89 179,215.00 110,357.11 61.6%
931 Rent Expense 109,524.67 212,000.00 102,475.33 48.3%
933 Transportation Expense 173,599.23 381,116.00 207,516.77 54.4%
933 Transportation Expense Capital Clearing (196,633.20) (301,596.00) (104,962.80) 34.8%
935 Maintenance of General Plant 213,992.26 281,880.00 67,887.74 24.1%
935 Maintenance of Building&Garage 291,365.93 666,457.00 375,091.07 56.3%
Total General&Administration Expenses 5,902,486.11 10,544,315.00 4,641,828.89 44.0%
Town of Reading,Massachusetts
Municipal Light Department
Statement of Budgeted Revenues, Expenses and Changes in Fund Net Assets
January 31,2018
Actual Budget Remaining Remaining
Year to Date Full Year Budget Budget%
Other Operating Expenses:
403 Depreciation 2,511,826.94 4,362,000.00 1,850,173.06 42.4%
408 Voluntary Payments to Towns 1,617,730.69 1,500,000.00 (117,730.69) (7.8%)
Total Other Expenses 4,129,557.63 5,862,000.00 1,732,442.37 29.6%
Operating Income 1,867,682.66 5,647,560.00 3,779,877.34 66.9%
Non Operating Revenue(Expenses):
419 Interest Income 135,993.09 150,000.00 14,006.91 9.3%
419 Other Income 641,758.49 890,000.00 248,241.51 27.9%
426 Return on Investment to Reading/Loss on
Disposal (1,411,532.50) (2,570,438.00) (1,158,905.50) 45.1%
431 Interest Expense (9,341.16) (2;500.00) 6,841.16 (273'6'/0)
Total Non Operating Revenue(Expenses) (643,122.08) (1,532,936.00) (889c815.92) 58.0%
Net Income $ 1,224,560.58 $ 4,114,622.00 $ 2,890,061.42 70,2%0
FINANCIAL REPORT
MARCH 15, 2018
Operating Cash in Relation to Average Monthly Operating Expenses
Actual FY14 — FY17
$18,000,000.00 Budgeted FY18-FY23 2.25
$16,000,000.00
2.15
$14,000,000.00 2.05
$12,000,000.00 1.95
$10,000,000.00 1.85
1.75
$8,000,000.00
1.65
$6,000,000.00
1.55
$4,000,000.00 _
1.45
$2,000,000.00
1.35
FY14 FY35 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 1.25
wem Operating Cash at Year End �Average Monthly Exp ®Ratio
Reinvestment Plan
Capital Infrastructure
Actual, FY14-FY17
Budgeted FY18-FY23
$14,000,000.00 9,00%
8.00%
$12,000,000.00
7.00%
$10,000,000.00
6.00%
$8,000,000.00
5.00%
$6,000,000.00 4.00%
3.00%
$4,000,000.00
2.00%
$2,000,000.00
1.00
$0.00 0.00%
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
!•Net Income �Capital Projects —ROR%
ENGINEERING & OPERATIONS REPORT
JANUARY 2018
ATTACHMENT 5
•
Eng 'i' neering
f
Report
RMLD Board of Commissioners Meeting
,A' March 15, 2018
,I P,
r January2018 Reporting Period
V
;, Hamid Jaffari, Director of Engineering & Operations
Engineering & Operations
Capital Improvement Projects
DESCRIPTION %COMPLETE
100 Distributed Gas Generation Pilot(Demand Management) „ 100% 186,561 (186,561)
- - - _
102 Pad mount Switchgear Upgrade at Industrial Parks 8% 3,560 247,817 196,285 (51,532)
103 Grid Modernization and Optimization Ongoing 135,910 267,454 227,183 - (40,271)
105 New Wilmington Substation 6% 6,117 25,819 650,000 624,181
106 Underground Facilities Upgrades (URDs, Manholes, etc.) On-going 124 124,507 344,725 220,218
107 13.8kV Upgrade (Step-down Areas, etc.) On-going 19,023 65,372 70,851 5,479
108 115 kV Transmission Line Upgrade 50% 115,070 145,02$ 95,098 (49,930)
109 35 kV Underground Cable Upgrade Station 4, 5 and RR ROW 0% - 206,817 206,817
110 4W9 Getaway Replacement -Station 4 100% 131,611;1,
(131,611)
111 Substation Equipment Upgrade On-going - 50,218 50,218
112 AMI Mesh Network Expansion Ongoing - 120,311 120,311
116 Transformers & Capacitors On-going 163,364 273,509 560,500 286,991
117 Meter Purchases On-going 15,963 60,000 44,037
125 GIS 100% 18,812 115,614 218,726 103,112
126 Communication Equipment(Fiber Optic) On-going _ 214,629 214,629
130 Remote Terminal Unit (RTU) Replacement -Station 3 100% 27,164 - (27,164)
131 LED Street Lights Upgrade -All Towns 89% 99,923 491,071 1,169,332 678,261
- - - -
133 Station 3: Relay Upgrades and SCADA Integration 100% 20,548 76,103 55,555
137 Pole Line Upgrade-Woburn Street (West to Concord), W 30% 1,200 200,284 199,084
138 Station 3 Reactors 40% 157,992 561,347 403,355
175 Pole Replacement Program On-going i 58,868 209,000 150,132
458 Secondary and Main Replacement Program On-going 6,471 67,669 222,285 154,616
various New-Service Installations(Residential/Commercial/Industrial) ; On-going 14,331. 83,365_ _ _ _1.55,936 72,57.1
Engineering & Operations
Routine Capital Construction
® -
i Pole Setting/Transfers $37,4571 $132-,233
Overhead/Underground $44,200 $190,880
Protects Assigned as Required $15,274; $93,720
--_ _Volt age_RegWators, LF
Pole Damage/Knockdowns- Some Reimbursable
• Work was done to repair or replace six (6) poles. $9,217 . $78,832
;Station Group $1 ,876; $11 ,867
Hazmat/Oil Spills $1 ,965 $1 ,965
Cherokee Lane, W
l
Porcelain Cutout Replacement Program__.__
':. Lighting (Street.Light Connections) - $22,472,
'Storm Trouble $8,175, $79,988
Underground Subdivisions (new construction) $663 $68,933
• Martins Landing, Lowell Road, North Reading
;Animal Guard Installation i - $415'
Miscellaneous Capital Costs $14,061 $124,490
1 TOTAL 132.8$$ $805.795`.
Facilities, IR® and IT
Capital Projects/Purchases
FY16 REMAINING
BUDGE, BALANCE
Facilities i 1,2561 82,257' 657,000; 574,74_3
Integrated Resources Division (IRD) 1,813 16,620 35,000~ 18,380
Information Technology (IT)_ ---.---------38,300; 81,717 340,0001 258,283
TOTAL CAPITAL SPENDING YT®
(All Divisions)
a'
BUDGET REMAINING,BALANCE
---- --- $756,962___ __ $3,493,520 - - L - - $7,685,521 ___ --$4,192,001 __ __
Routine Maintenance
1
i
.'Transformer Replacement (through December 201 7)
Pad mount 28.24% Overhead 18.92%
Pole Inspection (as of 3/6/2018)
'L 187 poles have been replaced 172 of 187 transfers have been completed
k' Quarterly Inspection of Feeders. (as of 2/13/2018)
Inspected Circuits(Jan-Mar): 3W7, 3W8, 3W14, 3W18,4W4,4W6, 4W9, 4W24, 5W4, 5W5, 5W6,
s 5W8, 5W9
Manhole Inspection. (through January2018)
961 of-1 ,237 manholes have-been inspected.
. Porcelain Cutout Replacement (through January2018)
-91%complete_ 246 remaining to be replaced
y1
Routine Maintenance
(continued)_
;F
Tree Trimming
t"
Dec: 71 spans YTD: 728 spans through December
Substation- Maintenance.
} r' Infrared Scanning -through January com plete- no hot spots found
Underground Subdivisions Upgrade
G, Recent Completed: Crestwood Estates (NR), Aspen Road (NR), Long Hill Lane (NR)
In'Progress: Shasta Drive (NR), Westover Drive (LF ), Greenbriar Drive (NR),
Great Neck Drive (W), Gandalf Estates"(W), Deerfield Place NR ,
Cherokee Lane (W)
k
Double Poles
Town of Reading
Pole Jurisdiction
Ownership: 16,000 (approximately)
i� 50% RMLD
50% Verizon
f -
dstt'
C s t o d i a l:
Reading — split (see map) ,
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UX
North Reading - RMLD T�
�r 'I ✓ _ jtp�% �E - Mixt 1 �'
Lynnfield— Verizon NR
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t ' Wilmington - VerizonRN
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1 ` ,tt RonGMgStraets 11
Town of Readln r
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- ., �;C '._ "'�� � RMLD 1
y TELCO
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NJUNS
"Next to Go" as of March 6, 2018
NORTREADING WILMINGTON -
H_-READING- - - - - - _ -- - - ----- -- - - - -- --
L_YN_ N F_IELD Count of Countof Count of
- Ticket Ticket Ticket
Countof NTG Member and JobType ;Number
Ticket NTGMember and JobType .1 Number OCMCTNR NTG Member and JobType _t Number
NTG Member and JobType Number DCMCTNR 15 DComcast Massachusetts 1q DRMLD 38
8LFLDFD6 DComcast Massachusetts TRANSFER 14 DReading Municipal Light Department
DLynnfield Fire Department TRANSFER tis TRANSFER 32
TRANSFER 6 DNP3PMA q PULL POLE 4
DNRDGFD 38 Non-participating 3rd Party Attacher-
D RMLD 9 D VZNEDR
DNorth Reading Fire Department DMassachusetts 41
0-Reading Municipal Light Department TRANSFER 38 TRANSFER 4 DVerizon Massachusetts
TRANSFER 7 TRANSFER 37
PULL POLE 2 DRDNGFD4 PULL POLE 4
0-Reading Fire Department
DRMLD 47
DVZNESA 5 TRANSFER 4 DWLMFIB 11
9ReadingMunicipalLightDepartment
DVerizon Massachusetts DTown of Wilmington
TRANSFER 5 TRANSFER 12 ORMLD TRANSFER
83
11
PULL POLE 35 DReading Municipal Light Department
o(blank) TRANSFER 24 DWMGNFD 82
Grand Total 20 DVZNEDR7 PULL POLE 59 DWilmingtonFire Department
DVerizon Massachusetts TRANSFER 82
TRANSFER 6 DVZNESA 12 O(blank)
PULL POLE 1 DVerizon Massachusetts Grand Total 170
O(blank) TRANSFER 10
Grand Total107 PULL POLE 2
0(blank)
,Grand Total 117,
REAL® Reliability Indices
Minutes SAI DI 2013-2018 Minutes CAI DI 2013-2018
100.00
----- 94.36 160.00 - - - - - - - - -
90.00 -
80.00 _ 82.88 ®2013 140.00 134.18 ®2013 70.00 120.00 2014
�2Dia
60.00 100.00
�--- --------------- -
50.00
2015 IEEE day threshold 80.00 2015
40-00 2016 IEEE day threshold 60.OD 2016
30.00 -]Lmm- -2017 YTD IEEE day threshold 40.00 --- 2017 -
20.00 2018 YrD IEEE da threshold 20.00
y 3 .74 5 _......___. -_. __ 2018 YTD
10.00
l -a�
0 4 2.15 __-__ -____ -2017 Region Average 0.00 on-2017 Re Avera e
2013-2014-2015-2016-2017-2018 -2017 National Average 2013-2014-2015-2016-2017-2018 6n 8
Average sA1Dl -2017 National Average 493.54
Average CAIDI
I;, Total Duration of Customer Irtterrupti ons Total Durationof Ctafo7ner lntenwpta27rs
S47DI (
ti's P4 htirrutes)= TotalNwm$era`Custo7ne7slr7te hiss
Total 1b51mher of Customers Served
t. r
Note: The major event(ME)threshold allows autilityJoremove outages that SAIR 2013-2018
exceed the IEEE2.5 beta threshold forev ents.These events could besevere
weather,which can lead to unusually long outages in comparison to your 0•90
distribution system's typical outage. 0.80
0.77 t®2013
0.70
0.60 0.65 �2014
40
0.50 X20150.40
i
�¢
0.40
2016
TotallVumberof Custo7mer-IMerruptions 0.30 `
�2017
Total ffiu mber of Customers Ss7ved 0.20 3
0.10 2018 YTD
t, 0.00 _ -2017 Region Average I
2013-2014-2015-2016-2017-2018
-2017 National Average
"4
Note: Regional and AverageSAIFI i
g' national averages have been updated for 2 T
Causes of Outages as of January 2018
70
60
57--
50 —
46
40 -
0 Annual Average 2013-2017 i
30 Date02018 Year to ate
20
10
10
2 2 0 10 0 2 0 0 1 0 0
0
Equipment Tree Wildlife Vehicle Weather Unknown Utility Natural Power
Accident Human Supply
Error
Questions
?
RMLD PROCUREMENT REQUESTS
REQUIRING BOARD APPROVAL
ATTACHMENT 6
R� /(T Reading Municipal Light Department
L�/IL RELIABLE POWER POR GENERATIONS
230 Ash Street,P.O.Box 150
Reading,MA 01867-0250
{
f�
March 7,2018
jTown of Reading Municipal Light Board
Subject: IFP 2018-37 Pole Mounted Transformers
Pursuant to M.G.L.c. 164§56D,on February 14,2018,a bid invitation was placed as a legal notice in the
Middlesex East section of the Daily Times Chronicle requesting sealed proposals for Pole Mounted Transformers.
An invitation for proposals was sent to the following fifteen companies:
EDI Graybar Electric Hasgo Power
IF Gray Stuart C.Irby Company Power Sales Group
Power Tech-UPSC Prime Vendor,Inc. Robinson Sales
Shamrock Power Sales Inc. Transformer Exchange Ward Transformer Sales
Weidmann Electrical Technology WESCO Distribution,Inc. Yale Electric Supply
Sealed proposals were received from four companies: Stuart C.Irby Company,Graybar Electric,Howard Industries,
Inc.c/o Power Sales Group and WESCO Distribution,Inc.
The sealed proposals were publicly opened and read aloud at 11:00 a.m.,February 28,2018,in the Town of Reading
Municipal Light Department's Audio Visual Spurr Room,230 Ash Street,Reading,Massachusetts.
The proposals were reviewed,analyzed,and evaluated by staff and recommended to the General Manager.
Move that proposal 2018-37 for Pole Mounted Transformers be awarded to: WESCO Distribution,Inc.
for$91,628.00 and Graybar Electric for$9,040.00,for a total of$100,668,pursuant to M.G.L.c. 164 §
56D on the recommendation of the General Manager.
The remaining FYI Capital Budget amount($212,000)for Transformers&Capacitors will be used for this purchase.
Brian Smith
Hamid_Jaffar
•Coleen O'Brien
File:Bid/FY18/2018-37 Pole Mounted Transformers
Pole Mounted Transformers
IFP 2018-37
Total Net Awarding
Bidder Manufacturer Delivery Date Unit Price 9(y Price Prices
WESCO Distribution,Inc.
Item 1 25 Wa Single Phase 120/240 Ermco 8-10 weeks $1,084.00 10 $10,840.00
Item 2 112 112 Wa Three Phase 120/208 Ermco 8-10 weeks $4,184.00 6 $25,104.00 25,104.00
Item 3150 Wa Three Phase 1201208 Ermco 8-10 weeks $5,326.00 6 $31,956.00 31,956.00
Item 4 112 112 kVa Three Phase 2771480 Ermco 8-10 weeks $4,057.00 4 $16,228.00 16,228.00
Item 5 150 We Three Phase 2771480 Ermco 8-10 weeks $4,585.00 4 $18,340.00 18,340.00
$102,468.00 $91,628.00
Stuart C.Irby Company
Item 125 Wa Single Phase 120/240 ABB 12-14 weeks $1,338.00 10 $13,380.00
Item 2 112 1/2 Wa Three Phase 120/208 ABB 12-14 weeks $5,454.00 6 $32,724.00
Item 3 150 Wa Three Phase 120/208 ABB 12-14 weeks $5,882.00 6 $35,292.00
Item 4112 1/2 Wa Three Phase 277/480 ABB 12-14 weeks $4,539.00 4 $18,156.00
Item 5150 Wa Three Phase 277/480 ABB 12-14 weeks $5,174.00 4 $20,696.00
$120,248.00 $0.00
Howard Industries,Inc.(Power Sales Group)
Item 125 Wa Single Phase 120/240 Howard Industries,Inc 6-8 weeks $1,299.00 10 $12,990.00
Item 2 112 1/2 Wa Three Phase 120/208 Howard Industries,Inc 10-12 weeks $11,314.00 6 $67,884.00
Item 3 150 Wa Three Phase 1201208 Howard Industries,Inc 10-12 weeks $13,231.00 6 $79,386.00
Item 4112 1/2 Wa Three Phase 277/480 Howard Industries,Inc 10-12 weeks $4,654.00 4 $18,616.00
Item 5 150 Wa Three Phase 277/480 Howard Industries,Inc 10-12 weeks $6,935.00 4 $27,740.00
$206,616.00 $0.00
-------- --- -- ray ar-Electric-- -- ------ -- -- _ - ----- --------------
---- ---- --------
Rem 125 We Single Phase 120/240 GE-Prolec 10 weeks $904.00 10 $9,040.00 9,040.00
Item 2 112 1/2 Wa Three Phase 120/208 no quote 6 $0.00
Item 3150 Wa Three Phase 120/208 no quote 6 $0.00
Item'4 112 1/2 Wa Three Phase 277/480 no quote 4 $0.00
Item 5150 Wa Three Phase 277/480 no quote 4 $0.00
$9040.00 $9,040.00
Cost for all of the lowest unit price Items $100,668.00
Copy of 2018-37 Analysis Page 1
{
RMLD Reading Municipal Light Department
RELLABLE POWER FOR GENERATIONS
230 Ash Street,P.O.Box 150
Reading,MA 01867-0250
i
i
March 7,2018
Town of Reading Municipal Light Board
Subject: IFP 2018-39 Capacitor Banks
Pursuant to M.G.L.c. 164§56D,on February 14,2018,a bid invitation was placed as a legal notice in the
Middlesex East section of the Daily Times Chronicle requesting sealed proposals for Capacitor Banks.
An invitation for proposals was sent to the following sixteen companies:
i
Controllix Corporation E.L.Flowers&Associates Genergy Corporation
Graybar Electric Hasgo Power Equipment Stuart C.Irby Company
J.F.Gray&Associates Omicron Electronics Onvia
f Power Sales Group,Inc. Powertech/Utility Power Supply Company Prime Vendor,Inc.
Robinson Sales Shamrock Power Sales Siemens Industry,Inc.
WESCO Distribution,Inc.
Sealed proposals were received from two companies:Graybar Electric and WESCO Distribution,Inc.
The sealed proposals were publicly opened and read aloud at 11:00 a.m.,February 28,2018,in the Town of Reading
Municipal Light Department's Audio Visual Spun-Room,230 Ash Street,Reading,Massachusetts.
The proposals were reviewed,analyzed and evaluated by staff and recommended to the General Manager.
Move that proposal 2018-39 for Capacitor Banks be awarded to:Graybar Electric for$24,314.60 pursuant
to M.G.L.c. 164§56D on the recommendation of the General Manager.
The remaining FYI Capital Budget amount($212,000)for Transformers&Capacitors will be used for this purchase.
Brian Smith
Hamid Jaffa
Coleen O'Brien
File:Bid/FY18/2018-39 Capacitor Banks
1
I
I
Capacitor Banks
IFP 2018-39
I ;
f
Bidder Manufacturer Unit Price Qjy Total Price Delivery
Graybar Electric
Capacitor Bank Cooper Power/Eaton $12,157.30 2 ;$24,314.60 14 weeks
I '
WESCO Distribution, Inc.
Capacitor Bank Cooper Power/ Eaton $12,550.00 2 $25,100.00 12 - 14 weeks
BOARD MATERIAL AVAILABLE
BUT NOT DISCUSSED
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT March-18
RATE COMPARISONS READING 8 SURROUNDING TOWNS
INDUSTRIAL-TOU
RESIDENTIAL RESIDENTIAL-TOU RES.HOT WATER COMMERCIAL SMALL COMMERCIAL SCHOOL RATE 109,600 kWh's
760 kWh's 1600 kWh's 1000 kWh's 7,300 kWh's 1,080 kWh's 36000 kWh's 260.000 kW Demand
76126 Split 26.000 kW Demand 10.000 kW Demand 130.6 kW Demand 80120 Split
READING MUNICIPAL LIGHT DEPT.
TOTAL BILL $123.01 $214.88 $150.18 $1,103.87 $210.61 $5,158.65 $814,876.44
PER KWH CHARGE $0.16402 $0.14326 $0.15018 $0.15121 $0.19501 $0.14739 $0.11845
NATIONAL GRID
TOTAL BILL $176.21 $407.40 $220.64 $1,684.69 $257.76 $6,411.12 $1,169,516.60
PER KWH CHARGE $0.23494 $0.27160 $0.22064 $0.23076 $0.23867 $0.18317 $0.17000
%DIFFERENCE 43.24% 89.59% 46.92% 52.62% 22.39% 24.26% 43.52%
EVERSOURCE(NSTAR)
TOTAL BILL $179.24 $291.96 $236.84 $1,588.38 $259.97 $7,553.17 $1,383,766.70
PER KWH CHARGE $0.23898 $0.19464 $0.23684 $0.21759 $0.24071 $0.21580 $0.20114
%DIFFERENCE 45.70% 35.87% 57.71% 43.89% 23.44% 46.42% 69.81%
PEABODY MUNICIPAL LIGHT PLANT
TOTAL BILL $79.70 $153.20 $104.20 $885.59 $141.20 $4,389.33 $575,406.92
PER KWH CHARGE $0.10627 $0.10213 $0.10420 $0.12131 $0.13074 $0.12541 $0.08364
%DIFFERENCE -35.21% -28.71% -30.61% -19.77% -32.96% -14.91% -29.390/.
MIDDLETON MUNICIPAL LIGHT DEPT.
TOTAL BILL $98.74 $201.66 $132.75 $959.51 $168.44 $4,762.93 $807,171.40
PER KWH CHARGE $0.13165 $0.13444 $0.13275 $0.13144 $0.15596 $0.13608 $0.11733
%DIFFERENCE -19.74% -6.15% -11.61% -13.06% -20.02% -7.67% -0.95%
WAKEFIELD MUNICIPAL LIGHT DEPT.
TOTAL BILL $132.36 $247.17 $166.88 $1,257.54 $199.78 $5,910.58 $1,007,556.30
PER KWH CHARGE $0.17648 $0.16478 $0.16688 $0.17227 $0.18499 $0.16887 $0.14646
%DIFFERENCE 7.60% 15.03% 11.12% 13.92% -5.14% 14.58% 23.65%
From: Trey Schultz
To: RMLD Board Members Croup
Subject: AP Warrants and Payroll
Date: Monday,March 12,2018 10:42:00 AM
Good afternoon,
2.16.18, 2.23.18, 3.2.18, and 3.9.18 AP.
2.19.18 and 3.5.18 Payroll.
There were no Commissioner questions. This e-mail will be included in the 2-22-18
Board Book.
Tracy Schultz
Executive Assistant
Reading Municipal Light Department
230 Ash Street. Reading. MA. 01867
Tel: 781.942.6489