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Home My WebLink About2018-02-22 RMLD Board of Commissioners Minutes c Town of ReadingR ER 0 E I V'E' D Meeting Minutes a 0 41V KI Q L E R:-\ READING, `IA. 's'!9r lHCO4p�� Board - Committee - Commission - Council: �� ' ? 14 RMLD Board of Commissioners Date: 2018-02-22 Time: 07:36-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 Members - Not Present: Dave Talbot, Commisisoner-Remote Participant John Stempeck, Commissioner-Remote Participant 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 Tyler Abegg, Systems Administrator Paul McGonagle, Facilities Manager Citizens' Advisory Board: George Hooper, Chair Town of Reading Board of Selectmen: John Arena, Chair Barry Berman, Vice Chair Dan Ensminger, Secretary Andrew Friedmann, Member Town of Reading Finance Committee: Peter Lydecker, Chair Paula Perry, Vice Chair Vanessa Alvardo, Member Anne Landry, Member Mark Dockser, Member Public: John Halsey, 75 Beaver Road, Reading Bill Brown, 28 Martin Road, Reading Jack Devir, 38 Tamarock Road, Reading Bob Holmes, 123 Gleason Road, Reading Page 1 1 N OF I? Town of Reading W.-} Meeting Minutes ,639+1NcoRQOPP Public: John Rogers, 39 Tower Hill Road, North Reading Karla Doukas, Rubin and Rudman Minutes Respectfully Submitted By: Philip B. Pacino, Secretary Pro Tem Topics of Discussion: Call Meeting to Order Chair Pacino called the meeting to order. Mr. Arena called the Board of Selectmen 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 Reading, North Reading, Lynnfield, and Wilmington. Opening Remarks Chair Pacino read the RMLD Board of Commissioners' Code of Conduct and explained Mr. Stempeck and Mr. Talbot were participating remotely via call-in. Chair Pacino announced that he would be reading a statement about the Sub-Committee, then would allow the Commissioners to comment, and then the floor would be open for public comment. Chair Pacino asked that the proceedings be orderly. Chair Pacino read the April 2017 Town Meeting instructional motion. Chair Pacino stated that it took time to assemble the Sub-Committee. The Sub-Committee met on September 27, 2017 and discussed general ideas. The members were tasked with going back to their respective groups for input. No numbers were discussed. Chair Pacino stated he gave a presentation to the CAB on RMLD's financial structure on October 27, 2017. November was the Town Meeting. December was Christmas. The Sub-Committee attempted to meet in early January but a mutually agreed upon date couldn't be determined. The Sub-Committee met in February', where RMLD made a proposal, and the Board of Selectmen made a counter-proposal.That was the first-time numbers had been discussed. Chair Pacino asked that the parties work together to get this resolved. The Department has worked through numerous iterations of worksheets and analysis and arrived at what they feel is a good solution that will work for Reading and the ratepayers. However, there is no intent to debate or resolve the issue tonight. The Committee has been tasked with that and is meeting on March 12, at which time a refined and expanded version of RMLD's solution will be presented. It is believed that it will benefit both the ratepayers, Reading, and the other towns. If accepted by all parties, the Committee will recommend that the RMLD Board of Commissioners approve and implement this approach. Therefore, the RMLD Board of Commissioners will be meeting at 7:30 that some night. RMLD must vet the proposed approach and test it against the capital needs of the organization. RMLD has been working with a consultant to determine revenue erosion and its future impact. RMLD has OPEB and pension funding contributions. Ratepayers deserve a well-thought out and deliberated outcome,which the Committee will provide. Vice Chair,Hennessy echoed that as a citizen of Reading, and a Commissioner, it is important that they do whatever they can to help address the fiscal pressures on Reading, without impacting all four towns. Mr. Stempeck thanked the Selectmen for their attendance. Mr. Stempeck explained that RMLD's partnership with all four towns is what enables its low rates. Agreements with the other Page 12 r4' r � Opening Remarks towns necessitate a fair and equitable solution. RMLD wants to help the Town of Reading but also wants to preserve its charter and its constituency. RMLD cannot show favoritism to Reading. Mr. Stempeck stated that everyone needs to take a deep breath and let the Committee do its job. Mr. O'Rourke stated that a number of the Commissioners are also Town Meeting members and thinks the solution can be a win/win. Mr. Lydecker called the Finance Committee to order. Mr. Talbot was not available. Mr. Stempeck explained Mr. Talbot was driving and may have lost reception. Chair Pacino opened the floor for public comment. Public Comment Mr. Arena, Reading Board of Selectmen, thanked the Commission for their comments. Mr. Arena then stated that it is February and the commitment to assemble the Sub-Committee was made in April. Mr. Arena then stated that the override question on the upcoming ballot has nothing to do with tonight and clarified that the events at RMLD will have no effect on the override vote. Mr. Arena then volunteered himself to serve on the Sub-Committee and stated that he wanted to have a status report by the annual Town Meeting and have the issue wrapped up no later than June. Mr. Lydecker, Finance Committee, asked if a member of the Finance Committee can serve on the Sub-Committee. Chair Pacino replied that they can't be a member, but can be a non- voting liaison. Ms. Alverado volunteered to serve as such. Mr. Berman, Reading Board of Selectmen, commented on the budget struggles that Reading is facing. The Commonwealth of Massachusetts used to fund 25 percent of the Town's revenue; now it's down to 15 percent. The Town is going to the tax payers again to support public safety and education. Mr. Berman stated that he wants to make sure it's not implied that RMLD is being stingy. The Town of Reading is grateful to have RMLD. Mr. Berman reaffirmed than the intention is to have the Sub-Committee meet on March 12 and asked if the Sub-Committee votes. Chair Pacino explained that the Sub-Committee members make recommendations to their respective Boards for a vote (the CAB, the Board of Selectmen, and the RMLD Board of Commissioners). Mr. Berman stated that there is a Board of Selectmen meeting on the 13th. This issue could be resolved a month before the Town Meeting. Mr. Arena requested that a second Sub-Committee date be scheduled in case there's a need for one. March 19 was decided on. Mr. Rogers stated that he would return on another night to discuss solar, but stated that RMLD should see new technologies as a potential boon. The Board took a five-minute recess, at which point most attendees left. Citizens' Advisory Board Mr. Hooper stated that he had nothing to add. Chair Pacino explained that the remote participation of two Commissioners means that all votes must be roll call. Page 1 3 Approval of Board Minutes-December 14, 2017(Attachment 1) Mr. O'Rourke made a motion,seconded by Vice Chair Hennessy, to approve the minutes of the December 14, 2017 Board meeting. Chair Pacino called for a poll of the vote: Mr. O'Rourke: Aye; Chair Pacino: Aye; Vice Chair Hennessy: Aye; Mr.Stempeck: Aye; Mr.Talbot: Aye. Motion Carried. 5:0:0. Financial Report- December 2017-Ms. Markiewicz- (Attachment 3) Ms. O'Brien requested that Ms. Markiewicz present first. Ms. Markiewicz stated that in December RMLD moved $1.2 million to the Capital fund, which our rate of return allows us to do. Capital assets are up $3.7 million from last year, which shows that we're continuing to build on our capital infrastructure. Accounts receivable are about the some as this time last year, running 93.8 percent current. Last year was 93.7 percent current. Accounts payable is up about $1.1 million, which is due to timing. The cash operating fund is up $1.4 million from last year. The depreciation fund and the construction fund together are down $78,000. This is insignificant. There is $33,000 earned interest on the depreciation fund. The depreciation is transferred from the operating fund monthly, so it doesn't skew the financials. The depreciation transfer was $2.1 million. The total source of capital funds is $8.3 million. $2.7 million has been used, which leaves $5.5 million. Base revenue has a one percent decrease, while there's a one percent increase in operating expenses. $13.5 million revenue in 2016 is down to $13.4 million in 2017. Operating expenses were $10.1 million in 2016, currently $10.2 million. Overall, Operating and Maintenance expenses are under budget is under budget. Base revenue and kwh sold Eby month in the first six months of the fiscal year 2017 and 2018 are both down. The spike in December 2017 was due to a 16 percent increase in heating degree days. The YTD financials compared to budget should be at 50 percent because we're half way through the year. RMLD is at 46.8 percent, which is slightly over budget,which is related to power costs. General Manager's Report- Ms. O'Brien Ms. O'Brien reported back on the opportunity she had to attend the Public Power Summit that was a nationwide networking session put on by NextEra Energy and Florida Power and Light. Training sessions included the future of worldwide energy resources, gas pricing and energy pricing, operations of larger utilities, and Human Resources strategies fog new generations. Ms. O'Brien had the opportunity to tour NextEra's solar energy lab and their wind operation center. RMLD is working with NextEra on risk management and our strategic plan; and it really put it into perspective how many people are involved. Ms. O'Brien thanked the Commissioners for allowing her to attend. Integrated Resources Division a. Community Engagement-Ms. Parenteau Ms. Parenteau stated that 21 students have signed up for the high school art contest, and will be submitting their entries by April 13. RMLD is working to make its website mobile friendly. In April RMLD will be hosting Save Energy and Money sessions at the town libraries. One was held at the RMLD in January and 50 people attended. b. Power Supply Report-December 2017-Ms. Parenteau (Attachment 2) Because it was the end of the year, Ms. Parenteau stated that she looked,at CY 2016 versus 2017.The fuel charge adjustment averaged 4.9 cents/kwh in 2016. In 2017 that dropped about 5 percent to 4.6 cents/kwh. Power Supply Report-December 2017-Ms. Parenteau (Attachment 2 The fuel charge is a pass through to the customer.The monthly purchase power capacity transmission charge is being driven up by capacity costs. Between 2018 and 2017 there is a $5 million increase in capacity alone.The New York Power Authority credit that residential customers receive remained fairly flat. In 2016 it was 4.8 cents and in 2017',1t increased 4.7 cents. The fuel charge plus the PPCT charge subtracting the NYPA credit inCY 2016 averaged 9.448 cents and in CY 2017 averaged 9.46. Page 1 4 Engineering and Operations Report-December 2017-Mr. Jaffari(Attachment 4) Mr. Jaffari announced that he would be reporting on the month of December. Routine capital construction non-project December spent $126,093 bringing the YTD to $672,906. Total capital spending, across all categories, was $499,594, bringing YTD to $2,736,558, with a remaining balance of$4,948,963. There are two large projects getting started next week: Station 3 reactors and upgrading the infrastructure on Woburn Street in Wilmington. RMLD is making good progress on routine maintenance: 165 out of 180 pole transfers have been completed. Tree trimming is going well. Substation maintenance showed no hot spots. Underground subdivision upgrades are being done to address aging underground facilities. Mr. Jaffari then moved on to double poles: Lynnfield has 5 transfers pending; North Reading has 12 transfers pending and 17 pole butts; Reading has 23 transfers pending and 59 pole butts; Wilmington has 10 transfers pending. Mr. Jaffari announced that the reliability indices show that for the entire year of 2017, RMLD was below national and regional averages. All causes of outages are going down. Ms. O'Brien added that the new GIS System validates data that RMLD was unsure about. RMLD recently found out that there are 212 underground subdivisions that are over forty years old. It confirms what we thought about the aging infrastructure, and the costs of these replacements will be reflected in the capital budget. RMLD Procurement Request Requiring Board Approval (Attachment 5) 2018-34 HVAC and Ice Machine Preventative Maintenance and Repair Service Mr. Jaffari explained that the request to bid was sent to 24 contractors. Four responded, with no exceptions. Last time this contract went out to bid it was awarded for $71,368. The increase is due to labor costs. Mr. Stempeck made a motion, seconded by Vice Chair Hennessy, that bid 2018-34 for HVAC and Ice Machine Preventative Maintenance and Repair Service be awarded to: Ambient Temperature Corporation for $89,808.00, pursuant to M.G.L. c. 30, § 39M, as the lowest responsible and eligible bidder on the recommendation of the General Manager. This is a three- year contract. Chair Pacino called for a poll of the vote: Mr. O'Rourke: Aye; Chair Pacino: Aye; Vice Chair Hennessy: Aye; Mr.Stempeck: Aye; Mr. Talbot: Aye. Motion Carried 5:0:0. General Discussion Executive Session At 8:52 p.m. Mr. Stempeck made a motion, seconded by Mr. O'Rourke, that the Board go into Executive Session to consider the purchase of real property and discussion thereon and to return to regular session for the sole purpose of adjournment. Chair Pacino called for a poll of the vote: Mr..O'Rourke: Aye; Chair Pacino: Aye; Vice Chair Hennessy: Aye; Mr.Stempeck: Aye; Mr.Talbot: Aye. Motion Carried 3:0:0. Adjournment Mr.Stempeck made a motion, seconded by Mr. O'Rourke, to adjourn the Regular Session. A true c y the RMLD Board of Commissioners minutes as ap rov by a majority of the Commission. hili B. Pacino, Secretary Pro Tem RM D Board of Commissioners Page 1 5 READING MUNICIPAL LIGHT DEPARTMENT BOARD OF COMMISSIONERS REGULAR SESSION THURSDAY, FEBRUARY 22, 2018 APPROVAL OF BOARD MINUTES DECEMBER 14, 2017 ATTACHMENT 1 READING MUNICIPAL LIGHT DEPARTMENT BOARD OF COMMISSIONERS MEETING 230 Ash Street Reading,MA 01867 December 14,2017 Start Time of Regular Session: 7:30 p.m. End Time of Regular Session: 10:04 p.m. Commissioners: Phillip B. Pacino,Chair-Secretary Pro Tem John Stempeck,Commissioner Dave Hennessy,Vice Chair-Absent Dave Talbot, Commissioner-Remote Tom O'Rourke, Commissioner Participant Staff: Coleen O'Brien,General Manager Tracy Schultz, Executive Assistant Hamid Jaffari, Director of Engineering and Operations Jane Parenteau, Director of Integrated Resources Wendy Markiewicz, Director of Business/Finances Citizens Advisory Board: Public: Vivek Soni,Member Mary Ellen O'Neill, 125 Summer Street, Reading Call Meeting to Order Chair Pacino 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 Chair Pacino read the RMLD Board of Commissioners' Code of Conduct and welcomed Mr. Soni, the new member of the Citizens' Advisory Board. Public Comment Reading resident Mary Ellen O'Neill distributed leaflets to the Board containing research she had conducted on electric utility tree stewardship programs.Three models were highlighted:utilities that donate money, utilities that follow Arbor Day tree standards,and utilities that give away trees.Ms.O'Neill stated that she wanted to plant the seed and ask that the Board consider developing a tree stewardship program based on the needs of the service territory. Ms. O'Neill suggested that RMLD make a$2,500 donation to each community. Report of the Committee-General Manager's Committee Chair Pacino explained that all votes would be roll call due to Mr.Talbot participating remotely by telephone. Chair Pacino stated that the General Manager Committee met to conduct its annual review of Ms. O'Brien.The reviews were positive, with Ms. O'Brien receiving 99.2 out of a possible top score of 100. The Committee recommends a 4.5 percent salary increase and $5,000 that Ms. O'Brien has the discretion to use as she chooses. Mr. Stempeck made a motion, seconded by Mr. O'Rourke, that the Board of Commissioners follow the recommendations of the General Manager Committee, as stated. Chair Pacino called for a poll of the vote: Mr. O'Rourke: Aye; Chair Pacino: Aye; Mr.Stempeck: Aye; Mr.Talbot: Aye. Motion Carried. 4:0:0. The Board commended Ms. O'Brien on doing a good job. Ms. O'Brien replied that it would be impossible to do it alone and thanked the RMLD staff.Mr.O'Rourke verified that Ms.O'Brien's raise would be retroactive to the start of the fiscal year. Chair Pacino affirmed. Subsequent Town Meeting Chair Pacino stated that Ms. O'Brien made a presentation. Ms. O'Brien explained,that it reviews the highlights of the previous FY,including the audit,which was clean,and goes over the strategic visions from the five to 20-year plans. Ms. O'Brien stated that she was very proud of the high school art contest winners which were showcased in the presentation. Citizens'Advisory Board Mr. O'Rourke suggested that Ms.Schultz draft a schedule for Commissioner attendance at CAB meetings. Approval of Board Minutes-June 15,2017 and September 14,2017(Attachment 1) The September 14,2017 Board minutes were not ready in time for the meeting. Mr.Stempeck made a motion,seconded by Mr. O'Rourke to approve the minutes of the June 15, 2017 Board meeting. Chair Pacino called for a poll of the vote: Mr. O'Rourke: Aye; Chair Pacino: Aye;Mr.Stempeck:Aye; Mr.Talbot: Aye. Motion Carried. 4:0:0. General Manager's Report-Ms. O'Brien Ms. O'Brien held up that day's edition of the Daily Times Chronicle, which featured an article on RMLD and NextEra and a photo of RMLD employees with Governor Baker. RMLD received a $1 million grant with NextEra from the Baker-Polito Administration Energy Storage Initiative. Ms. O'Brien stated that RMLD is excited to add renewables to the peak reduction portfolio. The unit is expected to be built before next year's peak. It's a five megawatts storage unit, using lithium ion batteries, that discharges over two hours. Mr. Talbot expressed his enthusiasm for the project. Ms. O'Brien said that RMLD is honored to receive the grant. The million will be split over three years to reduce power supply cost.That will be passed on to the customers. Mr. Talbot asked what in RMLD's portfolio is renewable. Ms. O'Brien stated that it is about 13 percent and that Ms. Parenteau will elaborate when she does her presentation. a. Quarterly Updates: Organizational & Reliability Reports-Mr. Jaffari and Ms. O'Brien (Attachment 2) Mr. Jaffari highlighted RMLD's progress on the Booth and Associates and UPG's Reliability Recommendations. These included automating Station 3 so that if something happens to one transformer,the load will automatically transfer to another in less than ten seconds. Before it needed to be done manually. All relays at Station 4 have been upgraded. More information is received in the Control Room. Mr. O'Rourke asked what the timeframe for completion of the reliability study is. Mr.Jaffari replied between one to five years.Mr.O'Rourke complimented the team on the process and acting on the report's recommendations. Mr.Soni asked for the ages and locations of the substations,which Mr.Jaffari provided. Ms. O'Brien provided progress updates on the organizational study. Integrated Resources Department (IRD) is working on a visual outline of the Department's strategic vision. IRD has already-started on milestones, such as the cost of service study, the rate adjustments to eliminate subsidies, adding renewables to the power portfolio, rebate restructuring, and risk mitigation. The visual road map should be laid out by the first quarter of next year. The reorganization effort is down to a granular level, groups now being assessed individually. Information Technologies is being finished and Technical Services is being started. Additionally, two engineers have been hired in Engineering and Operations. Mr. O'Rourke asked once an engineer is hired, how long is it before he or she can run the entire system? Ms. O'Brien replied that an engineer, without any utility background, takes approximately five to seven years; the training is thorough and specific to the system criteria. 2 a. Quarterly Updates: Organizational &Reliability Reports-Mr. Jaffari and Ms. O'Brien (Attachment 2) Ms. O'Brien stated that the communications roadmap will change once the new outage management system goes online. Ms. O'Brien invited the Board to take a tour at the next meeting so that they can see the physical reorganization of the building,aimed at improving communications and efficiency. At 8:15 p.m. Mr.Talbot disconnected and left the meeting. Mr.Soti asked about RMLD's cybersecurity. Mr.Jaffari replied that RMLD is NERC compliant. Integrated Resources Division a. Community Engagement-Ms. Parenteau Ms. Parenteau announced that RMLD is sponsoring a holiday decorating contest. Pictures must be uploaded to RMLD's website by Sunday, December 17. From the 19th through the 291h customers vote online. January 3rd the winners will be announced and will receive a $50 credit on their bill. The elementary school art contest awards will be held over two nights: Thursday, January 11 th at 7 p.m., with a snow day of Tuesday, January 16th, and Thursday, January 18th,with a snow day of Tuesday, January 23rd. b. Power Supply Report-October 2017-Ms. Parenteau (Attachment 3) Ms. Parenteau began by discussing the October fuel charge adjustment. Customers directly receive this benefit. From November of 2015 to October of 2016 the charge averaged $0.0496. Now it is $0.048 cents, which is a reduction of three percent. As of June 2017, Reading and other utilities in the Northeast Massachusetts (NEMA) zone have experienced significant transmission increases, reflected in the Purchase Power Capacity Transmission (PPCT) charge. When comparing October 2016 to October 2017, it has increased four and a half percent. Ms. Parenteau explained that the New York Power Authority (NYPA) credit is a benefit that residential customers receive because RMLD has a NYPA contract for hydro. It has been flat over the last two years. In October 2016 it was$0.0049 cents and in October 2017 it is still $0.0049. Addressing Mr.Talbot's question, Ms. Parenteau referenced the October Power Supply Report,where RMLD had 13 percent renewable-generated projects. That encompasses hydro, wind, and solar. If you count nuclear as being carbon-free, that number becomes 26.6 percent. RMLD is working diligently to make portfolio environmentally friendly. Mr. Soni asked about RMLD's renewable policy. Mr. Stempeck replied that the goal is 15 to 17 percent renewables. Ms. Parenteau stated that there is a stipulation in the policy that the projects be low-risk and cost conscious. Mr. Soni then asked if there was pressure from the state. Ms. O'Brien replied that the RMLD is locally owned and controlled, but that discussions with the state are ongoing. Financial Report- October 2017-Ms.Markiewicz- (Attachment 4) Ms.Markiewicz stated that she was reporting through October 31,on the first four months of FY 18.On the balance sheet cash is down, but this is due to the timing of receivables and payables. Restricted cash increased due to $5.6 million being added from the pension trust. The balance of the depreciation fund at the end of FY 17 was $2.4 million. $2.5 million was added to the construction fund from the operating funds. The total use of capital funds through October was$1.6 million,which leaves the current balance at$4.7 million. When comparing July 2016 through October 2016 and July 2017 through October 2017, there is a two percent decrease in base revenue, and a two percent decrease in operating expenses. Overall, RMLD is under budget on operating and maintenance expenses. base revenues have increased over the last 12 months, except in August and September. kWh sales are 4.1 percent lower in FY 18 than they were in FY 17. Mr.Stempeck and Mr. O'Rourke asked if there should be concern about the decrease in sales. Ms. Markiewicz stated that sales were flat;the decrease could be weather-related.Ms. Parenteau added that a cold winter will increase sales. Last summer was milder. 3 Financial Report- October 2017-Ms.Markiewicz- (Attachment 4) Ms. O'Brien stated that there is economic growth in the area around the proposed Wilmington substation. RMLD is targeting offset any decline in sales with demand reduction techniques and economic growth incentives. Mr.Soti asked if the weather has a significant impact on sales and whether degree temperature days are looked at. Ms. Parenteau answered in the affirmative. a. Report on any potential cost savings of changing the Department's fiscal year,end to a calendar year. Ms. Markiewicz stated that the Board asked her to do a cost analysis of changing the financial reporting from fiscal year to calendar year.There would be a one-time$36,000 six-month audit fee. Chair Pacino explained that RMLD is on a Fiscal Year and the Department of Public Utilities is on a Calendar Year.Therefore, RMLD has two closings a year. Ms. Markiewicz explained that Accounting needs to take six months of one fiscal year and six months of the following fiscal year and combine them to get a DPU report that's accurate. Power supply must do more calculations and power supply costs are typically not published until March. Due to the staff time needed to combine half of two fiscal years into one report, Ms.Markiewicz estimated$15,000 in avoided costs by switching to a calendar year.Additionally,the Town of Reading and RMLD finalize their year-end reports at the same time, which can delay RMLD finishing its reporting.Changing to a calendar year will end double warrant concerns: For three or four weeks, there are two sets of warrants, one for each fiscal year. This causes extra work for the Town and for RMLD. Ms. Markiewicz concluded, stating summer vacation time and the fact that vendors aren't quick to finalize their books and get us invoices complicates matters further. However, most companies clean up their books at the end of the calendar year for tax purposes. Mr.Stempeck asked Ms. Markiewicz if she would recommend moving to a calendar year. Ms.Markiewicz replied in the affirmative. Ms. O'Brien stated her previous place of employment changed to a calendar year. It created efficiency and was consistent with the Department of Public Utilities' filing. RMLD works hard to evaluate rates fiscally,without all the data,so that we can provide some input to the Towns' fiscal year budget processes. Having a calendar year budget would allow us to complete our analysis before providing premature data. Chair Pacino stated that it would be up to the Board to vote when all five members are present. Ms.Markiewicz announced that the auditors are on board. Engineering and Operations Report-July,August, and September 2017-Mr. Jaffari (Attachment 5) Mr. Jaffari explained that most of the heavy construction projects will be done in the spring. In the month of October,$131,812 was spent on Routine Capital Construction, bringing the YTD total to$411,263.This is for FY 18. Mr.Jaffari stated he expects that number to reach$1 million. All divisions spent a total of$322,741 in October, bringing the YTD to$1,651,984.$7,685,521 has been budgeted. Routine Maintenance test 10 percent of poles. First time tested 37 percent failed. last report down to 5 percent. making progress. tree trimming program is working. 3-year cycling program will end in 2018, then go to 5-years. RMLD has five double poles to be transferred in Lynnfield. Reading has 70 pull poles and 29 transfers pending,for a total of 99.North Reading has 31 pull poles and 13 transfers for a total of 44.Wilmington has 31 pending transfers and four pull poles. Mr. Jaffari stated that this is a good sign. RMLD is making progress upgrading the system. Mr.Jaffari explained that the reliability indices include the October storm numbers,where the outages were all tree-related. RMLD Procurement Requests Requiring Board Approval(Attachment 6) IFB 2018-13 Janitorial Services Ms. O'Brien explained that the square footage in the bid specification was reduced and the contract re-bid. Large areas that only require sweeping will be done in-house. 4 RMLD Procurement Requests Requiring Board Approval (Attachment 6) IFB 2018-13 Janitorial Services Mr.Stempeck made a motion,seconded by Mr.O'Rourke,that bid IFB 2018-13 for:Janitorial Services be awarded to:Transcend Maintenance Services,Inc.for$67,325.40,pursuant to M.G.L.,Chapter 30B,as the lowest responsive and responsible bidder on the recommendation of the General Manager. This is a three-year contract. Motion Carried. 3:0:0. IFP 2018-17 Cooper Power System or Compatible Meters and Equipment for the AMI Mesh Network Expansion and Migration Mr.Jaffari stated that the Invitation for Proposals went out to 15 companies.Two replied. Mr. Stempeck made a motion, seconded by Mr. O'Rourke, that proposal IFP 2018-17 for Cooper Power System or Compatible Meters and Equipment for the AMI Mesh Network Expansion and Migration be awarded to: Eaton for$83,199.36, pursuant to M.G.L Chapter 164 Section 56D on the recommendation of the General Manager. Motion Carried. 3:0:0. IFB 2018-19 Line Truck Chassis and Trailer Inspection, Preventative Maintenance,and Repair Services Mr.Jaffari stated that the Invitation for Bids was sent to seven companies;one responded. Mr. Stempeck made a motion, seconded by Mr. O'Rourke, that bid IFB 2018-19 Line Truck Chassis and Trailer inspection, Preventative Maintenance, and Repair Service be awarded to: Taylor & Lloyd, Inc. for$151,462.31, pursuant to M.G.L. Chapter 30B, as the lowest responsive and responsible bidder on the recommendation of the General Manager.This is a three-year contract. Motion Carried. 3:0:0. IFB 2018-20 Line Truck Lift Equipment Inspection, Preventative Maintenance, and Repair Service Mr.Jaffari stated that the Invitation for Bids went to four companies; one responded. Mr. Stempeck made a motion, seconded by Mr. O'Rourke, that bid IFB 2018-20 Line Truck Lift Equipment Inspection, Preventative Maintenance, and Repair Service be awarded to: James A. Kiley Co. for$111,495.00, pursuant to M.G.L. Chapter 30B,as the lowest responsive and responsible bidder on the recommendation of the General Manager.This is a three-year contract. Motion Carried. 3:0:0. General Discussion Chair Pacino stated that the Art Awards are coming up.The next Board meeting is January 251h and the next CAB meeting is January 17th. Chair Pacino asked Ms.Schultz to coordinate another meeting of the Payment to the Town of Reading Sub-Committee. Executive Session At 8:52 p.m. Mr.Stempeck made a motion,seconded by Mr. O'Rourke,that the Board go into Executive Session to consider the purchase of real property and discussion thereon and to return to regular session for the sole purpose of adjournment. Chair Pacino called for a poll of the vote: Mr. O'Rourke: Aye; Chair Pacino: Aye;Mr.Stempeck: Aye. Motion Carried 3:0:0. Adjournment Mr.Stempeck made a motion,seconded by Mr. O'Rourke,to adjourn the Regular Session. 5 A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Philip B. Pacino,Secretary Pro Tem RMLD Board of Commissioners 6 POWER SUPPLY REPORT DECEMBER 2017 ATTACHMENT 2 INTEGRATED R Board of Commissioners Meeting Reporting for December, 2017 �� anc garetllea , �f�izct:f Z Al'tel Monthly Fuel Charge Adjustment (FCA) To RMLD Consumers Calendar Year 2016 vs.--2017 $0.0575 - - - - - -- - --- -- - ._ --- ----- -- -------------- $0.0525 $0.0475 $0.0425 $0.0375 _ ___-___-___-_.--____ _ Jan i Feb ! Mar Apr May c _ p y Jun Jul Aug Sep Oct Nov Dec Avg --- -- --,-- -- --- -- ; ----- - -- --------------- -- - ------- - _ -- ----- - �2016` $0.0550 $0.0500 $0.0500 ' $0.0500 $0.0475 ' $0.0475 $0.0475 $0.0475 ` $0.0475 $0.0475 80.0500 ; $0.0500 $0.04917 !-2017 $0.0550 ; $0.0550 ; $0.0525 ' $0.0500 $0.0475 $0.0475 ' 50.0475 $0.0425 $0.0400 i $0.0400 ` $0.0400 $0.0425 '50.04667 Monthly Purchase Power, Capacity&Transmission Charges (PPCT) Calendar Year 2016 vs. 2017 i I $0.06250 - - - - - ---- - ------ --- -- --- -- _- -- - - _ -------- -- ---- -- -- ---------_ -- ------------ i i $0.05750 i $0.05250 ; i I $0.04750 -- -.-.---------- - ----- -- --- - - - -- $0.04250 $0.03750 r------_-,_--------__-------__------------ ----------�- r �-------- Jan j Feb Mar Apr May i- Jun Jul Aug I_Sep - -Oct i Nov 1 Dec Avg l i ----- --l------ —- -- - '----- --- - - - 2016 $0.04286 $0.046081$0.OS502�$0T056741:$0_050331$0.04957�$005115'$0.OS115j50.05115_$0.04999$0.04979j$0.04745 $0.05011 [7--2017 $01050471$0.04841!$0.047141$0.044931$0.04629;$0.048221$0.056351$0.05635;$0.05765!$0.059451$0.059131$0.06012i$0.05288 Monthly New York Power Authority Credit (NYPA) Residential Consumers Calendar Year 2016 vs. 2017 $0.00776 -------- ---- - $0.00676 - -- --- --- -- - - ----------- $0.00575 - -- -- -- - $0.00375 - - ------ ------------ $0.00275 $0.00175 - ------r---------- - _ _- Jan 1 Feb Mar i Apr i May i Jun Jul Aug Sep Oct Nov Dec Avg -2016! $0.00517 $0-00583 1 S0.00608 1 $0.00686 $0.00605 $0.00348 50.00361 , $0.00328 $0.00381 $0.00437 $0.00411 ; $0.00489 $0.00480 -20171 $000543_ $0.00590 $000536- $0.00566 ' $0.00699 $0.00610 $0.00335 $0.00260 $0.00268 I $0.00523 $0.00514 $0.00468 $0.00493) - ------- ---- -- -- -------' --`-- .00514 - -----68 S 0.--- Net kWh cost to Residential Customer 2016 vs. 2017 FCA& PPCT minus NYPA $0.10100 - $0.09850 -------- ----- $0.09600 --$0.09600 $0.09350 - ----- -- - _-- --- - $0.09100 ----------- -- ---- ----- ---- ----- -- -- -_ ---- ------- ------------- ---- $0.08850 -- - - --_._.-_ - -- - - -- - --�.-� ------- ---- -- --- --__-_- $0.08600 ---- --- -----� ------------ .------ ----. -. ------- T ---- -- ---r- ------- --- - Jan Feb t- Mar t` Apr May Jun ��- Jul f Aug 1 Sep Oct Nov ! Dec ! Avg 2016 $0.09269 $0.09025 { $0.09894 ± $0.09988 I $0.09178 + $0.09359 $0.0 4 $0.09537 $0.09484 1 $0.09312 $0.09568 $0.09256 $0.09448 -2017! $0.10004 1 $0.09751 t $0.09428 ; $0.08927 I $0.08680 $0.08962 $0.10050 $0.09625] $0.09497 $0.09422 a $0.09399 $0.09794 $0.09462 i To: Coleen O'Brien From: I'Maureen McHugh, Jane Parentea Date: February 13, 2018 Subject: Purchase Power Summary—December, 2017 I I f Energy Services Division(ESD)has completed the Purchase Power Summary for the month of December,2017. ENERGY The RMLD's total metered load for the month was 58,902,789 kWh, which is an.80% increase from the December, 2016 figures. Table 1 is a breakdown by source of the energy purchases. Table 1 Amount of Cost of %of Total Total$ $as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone#3 3,715,049 $6.38 6.30% $23,702 0.80% Seabrook 5,907,408 $5.92 10.01% $34,993 1.17% Stonybrook Intermediate 2,891,113 $115.75 4.90% $334,657 11.23% Shell Energy 9,666,000 $58.62 16.38% $566,622 19.02% NYPA 2,643,537 $4.92 4.48% $13,006 0.44% EDF 2,029,600 $44.13 3.44% $89,558 3.01% ISO Interchange 11,203,673 $62.99 18.99% $705,709 23.69% Nema Congestion - $0.00 0.00% $10,886 -0.37% Coop Resales 13,867 $142.40 0.02% $1,975 0.07% BP Energy 8,930,000 $46.78 15.14% $417,745 14.02% Hydro Projects" 3,485,068 $69.99 5.91% $243,936 8.19% .Braintree Watson Unit -751,625 $75.50 1.27% $56,746 1'.90% Saddleback/Jericho Wind 2,526,550 $72.77 4.28% $183,858 6.17% One Burlington&Comm.Solar 79,792 $72.57 0.14% $5,791 0.19% Exelon 5,067,200 $57.73 8.59% $292,525 9.82% Stonybrock Peaking 85,559 $223.87 0.15% $19,154 0.64% Monthly Total 58,996,042 $50.50 100.00% $2,979,091 100.00% •Pepperell, Woronoco,indian River,TumerFaftCollfns, Pioneer,HosieryMilis Avinook Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of December, 2017. Table 2 i Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP16,229,831 $57.28 27.51% Settlement RT Net Energy" (5,026,158) $44.59 -8.52% Settlement ISO Interchange 11,203,673 $62.97 18.99% (subtotal) •Independent System Operator Day-Ahead Locational Marginal Price DECEMBER 2017 ENERGY BY RESOURCE i Ston brook Plc. Y Jai ir.ho Wind 6.30% Solar Pr,,;;;rt�:-- t Saddleback 1 1.1,114"% ( 1.73% BELD Exelon Stonyhroo4+n,er.. 111.27%1." 8,59°!° i,. Seabrook Coop t' 1U.U1% r { BP Enersry 15.14% Shell Energy 16.38% Hydro Projects 5,9196 ISO Interchange NYPA 1B.99% 4.48/° Ei)F J CAPACITY The RMLD hit a demand of 93,994 M, which occurred on December 28, at 6 pm. The RMLD's monthly UCAP requirement for December, 2017 was 222,777 Ms. I Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 i Source Amount(kWs) Cost($/kW-month) Total Cost$ %of Total Cost Millstone#3 4,950 26.43 $130,846 6.47% Seabrook 7,909 22.86 $180,786 8.95% Stonybrook Peaking 1 24,980 2.36 $58,992 2.92% Stonybrook CC 42,925 3.20 $137,536 6.81% NYPA 0 0.00 -$12,032 -0.60% Hydro Quebec 0 0 -$48,974 -2.42% i Braintree Watson Unit 0 0.00 -$96,857 -4.79% ISO-NE Supply Auction 142,013 11.76 $1,670,759 82.67% i Total 222,777 $9.07 $2,021,055 100.00% I S Table 4 shows the dollar amounts for energy and capacity per source. %of Amt of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($/kWh) Millstone#3 $23,702 $130,846 $154,548 3.09% 3,715,049 0.0416 Seabrook $34,993 $180,786 $215,779 4.32% 5,907,408 0.0365 Stonybrook Intermediate $334,657 $137,536 $472,193 9.44% 2,891,113 0.1633 Hydro Quebec $0 -$48,974 -$48,974 -0.98% - 0.0000 Shell Energy $566,622 $0 $566,622 11.33% 9,666,000 0.0586 NextEra/EDF $89,558 $0 $89,558 1.79% 2,029,600 0.0441 * NYPA $13,006 -$12,032 $974 0.02% 2,643,537 0.0004 ISO Interchange $705,709 $1,670,759 $2,376,467 47.53% 11,203,673 0.2121 Nemo Congestion -$10,886 $0 -$10,886 -0.22% - 0.0000 BP Energy $417,745 $0 $417,745 8.35% 8,930,000 0.0468 * Hydro Projects $243,936 $0 $243,936 4.88% 3,485,068 0.0700 Braintree Watson Unit $56,746 -$96,857 -$40,111 -0.80% 751,625 -0.0534 * Saddleback/Jericho $183,858 $0 $183,858 3.68% 2,526,550 0.0728 * Burlington&Community Solar $5,791 $0 $5,791 0.12% 79,792 0.0726 Coop Resales $1,975 $0 $1,975 0.04% 13,867 0.1424 Exelon Energy $292,525 $0 $292,525 5.85% 5,067,200 0.0577 Stonybrook Peaking $19,154 $58,992 $78,146 1.56% 85,559 0.9134 Monthly Total $2,979,091 $2,021,055 $5,000,146 100.00% 58,996,042 0.0848 14.81% *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 Projects through December,as well as their estimated market value. Table 5 RECs Summary Period- January 2017-December 2017 Banked Projected Total Est. RECs RECs RECs Dollars t Woronoco 539 5,235 5,774 $57,740 I Pepperell 909 3,107 4,016 $40,1601 t Indian River 367 1,582 1,949 $19,491 i Turners Falls 231 1,280 1,511 $15,110' f i Saddleback 3,048 10,733 13,781 $137,810 } Jericho 1857 5,546 7,403 $74,030 r f SuB tots 6;951 27,483 34,434 344,341, { RECs Sold $0 0 $0 f Grand Total 6,951 27,483 34,434 $344,341 TRANSMISSION The RMLD's total transmission costs for the month of December, 2017 were$858,764. This is a decrease of 15.70%from the November transmission cost of$1,018,655. In December, 2016 the transmission costs were$863,599. Table 6 Current Month Last Month Last Year Peak Demand(kW) 104,381 103,397 107,565 t Energy(kWh) 58,902,789 51,836,281 58,589,656 Energy($) $2,979,091 $2,426,851 $2,986,249 Capacity($) $2,021,055 $2,151,979 $1,795,516 Transmission($) $858,764 $1,018,655 $863,599 Total $5,858,910 $5,597,485 $5,645,364 FINANCIAL REPORT DECEMBER 2017 ATTACHMENT 3 It i f Town of Reading,Massachusetts Municipal Light Department Statement of Net Assets December 31,2017 ASSETS 2018 2017 Current: Unrestricted Cash $16,188,160.66 $14,747,957.77 Restricted Cash 30,052,338.88 22,982,841.74 Restricted Investments 1,329,906.48 1,345,663.06 Receivables,Net 9,132,416.38 9,566,223.57 Prepaid Expenses 541,285.18 1,129,845.45 Inventory 1,523,679.31 1,580,914.76 Total Current Assets 58,767,786.89 51,353,446.35 Noncurrent: Investment in Associated Companies 212,427.92 26,993.75 j Capital Assets,Net 76,694,501.74 72,977,009.04 Total Noncurrent Assets 76,906,929.66 73,004,002.79 Deferred Outflows-Pension Plan 4,135,078.00 6,338,218.00 TOTAL ASSETS 139,809,794.55 130,695,667.14 LIABILITIES Current Accounts Payable 8,086,088.84 6,993,293.51 Accrued Liabilities 560,581.03 653,144.48 Customer Deposits 1,151,612.67 1,024,765.67 Customer Advances for Construction 1,298,917.59 1,028,449.93 Total Current Liabilities 11,097,200.13 9,699,653.59 Non-current Accrued Employee Compensated Absences 3,150,134.05 3,257,809.00 Net OPEB Obligation 138,066.00 0.00 Net Pension Liability 13,076,538.00 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 28,176,828.18 22,674,183.59 NET POSITION i I Invested in Capital Assets,Net of Related Debt 76,694,501.74 72,977,009.04 j Restricted for Depreciation Fund 4,353,133.17 5,631,360.93 I Restricted for Pension Trust 5,683,014.26 0.00 Unrestricted 24,902,317.20 29,413,113.58 TOTAL NET POSITION 111,632,966.37 108,021,483.55 Total Liabilities and Net Assets i 139;809i794.55 130,695,667.T4- Page 1 Town of Reading,Massachusetts Municipal Light Department Schedule of Cash and Investments December 31,2017 2018 2017 Unrestricted Cash Cash-Operating Fund $16,184,660.66 $14,744,957,77 Cash-Petty Cash 3,500.00 3,000.00 Total Unrestricted Cash 16,188,160.66 14,747,957.77 Restricted Cash Cash-Depreciation Fund 4,353,133.17 5,743,806.16 Cash-Construction Fund 1,200,000.00 (112,445.23) Cash-Town Payment 1,970,995.02 1,900,333.98 Cash-Deferred Fuel Reserve 5,327,418.88 4,536,119.09 Cash-Rate Stabilization Fund 6,929,387.99 6,848,427.56 Cash-Pension Trust 5,683,014.26 0.00 Cash-Uncollectible Accounts Receivable 200,000.00 200,000.00 Cash-Sick Leave Benefits 1,852,597.56 1,940,334.17 Cash-Hazard Waste Reserve 750,000.00 150,000.00 Cash-Customer Deposits 1,151,612.67 1,024,765.67 Cash-Energy Conservation 634,179.33 751,500.34 Total Restricted Cash 30,052,338.88 22,982,841.74 Investments Sick Leave Buyback 1,329,906.48 1,345,663.06 Total 47,670,406.02 39,076,462.57 I Page 2 I e TOWN OF READING,MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 12131/2017 4 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 R INTEREST ON DEPRECIATION FUND FY 18 29,729.23 S DEPRECIATION TRANSFER FY 18 2,152,994.52 TOTAL SOURCE OF CAPITAL FUNDS 8,289,692.90 USE OF CAPITAL FUNDS: ADDITIONS TO PLANT THRU DECEMBER 2017 a TOTAL USE OF CAPITAL FUNDS 2,736,559.73 GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/17 5,553,133.17 fI I I I Page 3 Town of Reading,Massachusetts Municipal Light Department Statement of Revenues,Expenses and Changes in Fund Net Assets December 31,2017 Month Month Year to Date Year to Date Percent Current Year Last Year Current Year Last Year Change Operating Revenue Base Revenue $2,014,624.82 $1,970,195.55 $13,398,441.70 $13,522,803.32 (0.9%) Fuel Revenue 2,178,059.00 2,573,056.92 14,509,878.39 17,129,536.64 (15.3%) Purchased Power Capacity 3,116,734.60 2,453,637.87 19,884,640.43 17,830,948.53 11.5% Forfeited Discounts 71,196.55 66,416.22 434,644.57 456,872.78 (4.9%) Energy Conservation Revenue 50,774.73 51,151.08 338,748.79 350,942.52 (3.5%) NYPA Credit (92,556.22) (91,202.42) (494,630.72) (534,547.18) (7.5%) Total Operating Revenue 7,338,833.48 7,023,255.22 48,071,723.16 48,756,556.61 (1.4%) Expenses Power Expenes: 547 Purchased Power Fuel Expense 2,980,050.47 2,986,248.94 14,709,416.40 17,175,745.04 (14.4%) 555 Purchased Power Capacity 2,069,062.88 1,802,095.92 12,662,049.77 10,272,863.96 23.3% 565 Purchased Power Transmission 858,763.98 863,599.00 7,458,227.96 7,091,289.59 5.2% Total Purchased Power 5,907,877.33 5,651,943.86 34,829,694.13 34,539,898.61 0.8% Operations and Maintenance Expenses: 580 Supervision and Engineering 58,301.63 35,240.67 283,028.38 238,100.41 18.9% 581 Station Supervison 12,526.89 8,343.42 74,291.30 68,665.36 8.2% 581 Line General 72,387.29 56,029.79 345,328.77 310,706.06 11.1% 582 Control Room 39,443.54 40,903.29 205,465.95 250,883.35 (18.1%) 585 Street Lighting 25,964.18 8,862.10 33,021.80 132,468.71 (75.1%) 586 Meter General 20,063.56 14,507.25 122,653.51 101,905.99 20.4% 588 Materials Management 51,669.94 49,957.46 253,420.38 213,764.07 18.6% 590 Maintenance of Structures and Equipment 43,252.70 23,661.36 225,510.22 237,090.12 (4.9%) 593 Maintenance of Lines-Overhead 139,705.86 134,041.87 792,414.01 899,160.99 (11.9%) 594 Maintenance of Lines-Underground 3,509.62 23,953.09 52,661.45 153,725.35 (65.7%) 595 Maintenance of Line Transformers 46,156.66 464.50 61,284.21 18,387.89 233.3% Total Operations and Maintenance Expenses 512,981.87 395,964.80 2,449,079.98 2,624,858.30 (6.7%) General&Administration Expenses: 902 Meter Reading 5,384.43 1,857.31 17,223.40 13,035.48 32.1% 903 Customer Collections 147,598.57 152,509.46 812,542.44 861,985.96 (5.7%) 904 Uncollectible Accounts 12,500.00 12,500.00 75,000.00 75,000.00 0.0% 916 Energy Audit 43,436.12 33,480.54 238,245.60 242,801.94 (1.9%) 916 Energy Conservation 86,211.24 90,223.13 307,512.61 316,860.42 (3.0%) 920 Administrative and General Salaries 97,458.14 71,663.53 537,783.16 477,382.86 12.7% 921 Office Supplies and Expense 28,450.32 44,708.66 151,195.35 151,102.83 0.1% 923 Outside Services 150,654.56 140,654.41 424,063.31 337,474.60 25.7% 924 Property Insurance 28,148.98 27,650.70 168,893.93 166,286.30 1.6% 925 Injuries and Damages 1,200.88 3,562.53 25,521.25 26,762.30 (4.6%) 926 Employee Pensions and Benefits 248,346.21 273,781.81 1,549,162.71 1,520,499.13 1.9% 930 Miscellaneous General Expense 3,752.17 15,951.02 64,248.23 73,419.16 (12.5%) 931 Rent Expense 13,445.63 15,030.63 96,079.04 84,171.52 14.1% 933 Transportation Expense 37,102.36 0.00 151,704.06 0.00 (100.0%) 933 Transportation Expense Capital Clearing (24,251.50) 0.00 (175,103.20) 0.00 100.0% 935 Maintenance of General Plant 34,491.07 64,322.49 198,454.02 168,935.86 17.5% 935 Maintenance of Building&Garage 43,607.95 35,081.75 233,478.01 249,426.62 (6.4%) Total General&Administration Expenses 957,537.14 982,977.97 4,876,003.92 4,765,144.98 2.3% Page 4 i i� I Town of Reading,Massachusetts Municipal Light Department } Statement of Revenues,Expenses and Changes in Fund Net Assets j December 31,2017 i Month Month Year to Date Year to Date Percent _Current Year Last Year Current Year Last Year Change Other Operating Expenses: 403 Depreciation 358,832.42 341,775.67 2,152,994.52 2,050,654.02 5.0% 408 Voluntary Payments to Towns 126,851.67 113;372.00 761,110.02 703,372.00 8.2% Total Other Expenses 485,684.09 455,147.67 2,914,104.54 2,754,026.02 5.8% Operating Income (525,246.95) (462,779.08) 3,002,840.59 4,072,628.70 (26.3%) Non Operating Revenue(Expenses): 419 Interest Income 23,123.95 15,485.65 115,182.36 73,472.79 56.8% 419 Other 53,731.57 (1,457.07) 359,411.17 256,154.73 40.3% 426 Return on Investment to Reading (201,647.50) (198,722.35) (1,209,885.00) (1,192,334.00) 1.5% 431 Interest Expense (479.05) (1,960:60) (2-.642.19) '(2.925.91) (9.7%) � Total Non Operating Revenue(Expenses) (125,271.03 0) (186,654.37•) (737,933.66) (865,632:39) (14:8/o) Change in Net Assets (650,517.98) (649,433.45) 2,264,906.93 3,206,996.31 (29.4%) 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 3.3% i I Page 5 Town of Reading,Massachusetts Municipal Light Department Statement of Budgeted Revenues,Expenses and Changes in Fund Net Assets! December 31,2017 Actual Budget Remaining Remaining Year to Date Full Year Budget Budget% Operating Revenue Base Revenue $13,398,441.70 $26,337,621.00 $12,939,179.30 49.1% Fuel Revenue 14,509,878.39 32,491,810.00 17,981,931,61 55.3% Purchased Power Capacity 19,884,640.43 38,088,978.00 18,204,337.57 47.8% Forfeited Discounts 434,644.57 800,000.00 365,355,43 45.7% Energy Conservation Revenue 338,748.79 675,000.00 336,251.21 49.8% NYPA Credit (494,630.72) (1,200,000.00) (705,369.28) 58.8% Total Operating Revenue 48,071,723.16 97,193,409.00 49,121,685.84 50.5% Expenses Power Expenses: 547 Purchased Power Fuel Expense 14,709,416.40 31,291,810.00 16,582,393.60 53.0% 555 Purchased Power Capacity 12,662,049.77 24,476,161.00 11,814,111.23 48.3% 565 Purchased Power Transmission 7,458,227.96 13,612,817.00 6,154,589.04 45.2% Total Purchased Power 34,829,694.13 69,380,788.00 34,551,093.87 49.8% Operations and Maintenance Expenses: 580 Supervision and Engineering 283,028.38 764,615.00 481,586.62 63,0% 581 Station Supervisor 74,291.30 130,662.00 56,370.70 43.1% 581 Line General 345,328.77 596,007.00 250,678.23 42.1% 582 Control Room 205,465.95 466,783.00 261,317.05 56.0% 585 Street Lighting 33,021.80 156,893.00 123,871.20 79.0% 586 Meter General 122,653.51 212,909.00 90,255.49 42.4% 588 Materials Management 253,420,38 458,328.00 204,907.62 44.7% 590 Maintenance of Structures and Equipment 225,510.22 494,936.00 269,425.78 54.4% 593 Maintenance of Lines-Overhead 792,414.01 1,980,611.00 1,188,196.99 60.0% 594 Maintenance of Lines-Underground 52,661.45 197,002.00 144,340.55 73.3% 595 Maintenance of Line Transformers 61,284.21 300,000.00 238,715.79 79.6% Total Operations and Maintenance Expenses 2,449,079.98 5,758,746.00 3,309,666.02 57.5% General&Administration Expenses: 902 Meter Reading 17,223.40 37,461.00 20,237.60 54.0% 903 Customer Collection 812,542.44 1,869,393.00 1,056,850.56 56.5% 904 Uncollectible Accounts 75,000.00 150,000.00 75,000.00 50.0% 916 Energy Audit 238,245.60 509,232.00 270,986.40 53.2% 916 Energy Conservation 307,512.61 952,565.00 645,052.39 67.7% 920 Administrative and General Salaries 537,783.16 1,017,151.00 479,367.84 47.1% 921 Office Supplies and Expense 151,195.35 350,000.00 198,804.65 56.8% 923 Outside Services 424,063.31 759,191.00 335,127.69 44.1% 924 Property Insurance 168,893.93 427,200.00 258,306.07 60.5% 925 Injuries and Damages 25,521.25 52,613.00 27,091.75 51.5% 926 Employee Pensions and Benefits 1,549,162.71 3,000,437.00 1,451,27,4,29 48.4% 930 Miscellaneous General Expense 64,248.23 179,215.00 114,966.77 64.2% 931 Rent Expense 96,079.04 212,000.00 115,920.95 54.7% 933 Transportation Expense 151,704.06 381,116.00 229,411.94 60.2% 933 Transportation Expense Capital Clearing (175,103.20) (301,596.00) (126,492.80) 41.9% 935 Maintenance of General Plant 198,454.02 281,880.00 83,425.98 29.6% 935 Maintenance of Building&Garage 233,478.01 666,457.00 432,978.99 65.0% Total General&Administration Expenses 4,876,003.92 10,544,315.00 5,668,311.08 53.8% Page 6 I I • w t 1f 4t I Ii I pTown of Reading,Massachusetts Municipal Light Department Statement of Budgeted Revenues,Expenses and Changes in Fund Net Assets December 31,2017 Actual Budget Remaining Remaining Year to Date Full Year Budget Budget% Other Operating Expenses: 403 Depreciation 2,152,994.52 4,362,000.00 2,209,005.48 50.6% 408 Voluntary Payments to Towns 761,110.02 1,500,000.00 738,889.98 49.3% Total Other Expenses 2,914,104.54 5,862,000.00 2,947,895.46 50.3% Operating Income 3,002,840.59 5,647,560.00 2,644,719.41 46.8% Non Operating Revenue(Expenses): 419 Interest Income 115,182.36 150,000.00 34,817.64 23.2% 419 Other Income 359,411.17 890,000.00 530,588.83 59.6% 426 Return on Investment to Reading/Loss on Disposal (1,209,885.00) (2,570,438.00) (1,360,553.00) 52.9% 431 Interest Expense (2,642.19) (2,500.00) 142.19 (5.7%) Total Non Operating Revenue(Expenses) (737,933.66) (1,532,938.00) (795,004.34) 51.9% Net Income 2,264,906.93 4,114,622.00 1,849,715.07 45.0% I Page 7 FINANCIAL REPORT DECEMBER, 2017 Base Revenue & Operating Expenses Comparison July 2016 — December 2016 (6 months FY17) and July 2017 - December 2017 (6 months FY18) 1%decrease $14,000,000.00 $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 -- - $2,000,000.00 $0.00 Base Revenue Operating Expenses ■July 2016-December 2016 FY17(6 months) ®July 2017-December 2017 FY18(6 months) l Year to Date Operating and Maintenance Expenses Comparing FY17 FY18 July 2017—December 2017(6 months FY 18) July 2016—December 2016(6 months FY'17) and FY18 Budget(6 months) - - 12,000,000.00 — f' 10,000,000.00 ! J .,` ! Dec 8,000,000.00 ! Nov %l 6,000,000.00 Oct 4,000,000.00 - Sept Aug 2,000,000.00 July 0.00 r Year to Date Year to Date Year to Date FY17 Actual I FY18 Actual Budget j ■July 1,399,966.01 1,327,675.32 1,847,088.42 ■Aug 3,134,666.17 2,859,053.02 3,694,176.84 1 --- --------- -- -- — —4 ■Sept _ 4,904,753.21 4,548,251.89 5,541,265.26-1 ■Oct 6,493,213.21 6,385,101.99 7,388,353.68 i■Nov $8,309,938.86 $8,282,985.34 $9,235,442.10 ■Dec I 0$10 144 029.3 $10 239 188. —� �_ - , 44_ $11,082,530.52 - KWH sold Base Revenue and KWH Sold by Month Comparison Base Rev 3,000,000.00 July 2017 — December 2017 (6 months) $80,000,000.00 - - July-2016--December 2016-(6 months) - - $70,000,000.00 2,500,000.00 $60,000,000.00 2,000,000.00 $50,000,000.00 1,500,000.00 $40,000,000.00 $30,000,000.00 1,000,000.00 $20,000,000.00 500,000.00 $10,000,000.00 --- - ----- -- - - ----_. -� - --- r--- - $0.00 JULY AUG SEPT OCT NOV DEC BASE REV JULY 17-DEC 17 BASE REV JULY 16-DEC 16 —KWH SOLD JULY 17-DEC 17 —KWH SOLD JULY 16-DEC 16 ENGINEERING & OPERATIONS REPORT DECEMBER 2017 ATTACHMENT 4 Engineering & Operations Report RMLD Board of Commissioners Meeting February 22, 2018 December 2017 Reporting Period Al Hamid Jaffari, Director of Engineering & Operations Engineering & Operations Capital Improvement Projects DESCRIPTION %COMPLETE REMAINING BALANOE Distributed Gas Generation Pilot(Demand Management) 100% 186,561, (186,561) 102 Pad mount Switchgear Upgrade at Industrial Parks 8% =- - --=G�-- - -- - - - -----rid Modernization and O-- -------timization -- --- -- -- - -- - -- _---.- 9,589 244,257 (196,285 47,972) 103 P On-going 34,233' - 131,544 227,183 95,639 ' 105 New Wilmington Substation 6% 716 19,702 650,000 630,298 106 :Underground Facilities Upgrades pgrades (URDs, Manholes,etc.) On-going 14,885: 124,382 344,7251 220,343 107 13.8kV Upgrade (Step-down Areas, etc.) On-going 26,721 46,349 70,851 24,502 - - - - 108 1 15 kV Transmission Line Upgrade 50% 19,460 29,958 95,098. 65,140 109 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 (131,611) Ill Substation Equipment Upgrade On-going - 50,218 50,218 - - - _ 112 AMI Mesh Network Expansion On-going 120,311. 120,311 116 Transformers&Capacitors On-going 104,502 110,145 560,500 450,355 I 117 Meter Purchases O - n-going 12,096' - --- - -15,963, 60,000! , 44 037 125 GIS 100% 96,802 218,726 121,924• 126n-going 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 87% - - 66,968 391,148' 1,169,332; 778,184 133 Station 3: Relay Upgrades and SCADA Integration 1.00% 675 � 20,548 76,103 55,555; 137 :Pole Line Upgrade-Woburn Street(West to Concord),W 10% 1,2W 200,284' 199,0841 - -- - ; _ . - -- -- -- ' 138 Station 3 Reactors 20% 157,992 561,347 403,355 - = - --- -- - - -- - - - 5 Pole Replacement Program On-going 58,868; 209,000; 150,132; 458 Secondary and Main Replacement Program On-going 15,198 61,198 222,285 161,087; various ,New Service Installations(Residential/Commercial/Industrial) On-going - - - - - _ 1.7,429' __ 69,034, 155,9361 -86,902 Engineering & Operations Routine Capital Construction Description .Pole - Pole Setting/Transfers 25,918' 94,776 Overhead/Underground 12,638 146,679 i Projects Assigned as Required - 78,446 Pole Damage/Knockdowns - Some Reimbursable 12,933 69,615 • Work was done to repair or replace six (6) poles. ;Station Group - ;! 9,991 Hazmat/Oil Spills - - Porcelain Cutout Replacement Program - - Lighting (Street Light Connections) 5,629 22,472 Storm Trouble 4,696; 71,813 Underground Subdivisions (new construction) 4,762 68,270 • Nichols Street Extension, North Reading Animal Guard Installation - 415, Miscellaneous Capital Costs 59,517 110,429, TOTAL Facilities, IRD and IT Capital Projects/Purchases ACTUAL FY18 YTD AUDGET BALANCE 'Facilities ! — 19,142 81,001657,000; 575,999 Integrated Resources Division ([RD) 14,808 35,000 20,192 Information Technology (IT) ! 31,888, 43,417' 340,000 296,583 TOTAL CAPITAL SPENDING YTD (All Divisions) REMAINING BALANCE BUDGET$499,594 $2,736,558 $7,685,521 $4,948,963 Routine Maintenance w/Transformer Replacement (through December 2017) Pad mount 28.24% Overhead 18.92% ,r Pole Inspection (as of 2/8/2018) 180 poles have been replaced 165 of 180 transfers have been completed r Quarterly Inspection of Feeders (as of 1/12/2018) inspected Circuits (Jan-Mar): 3W7, 3W8, 3W 14, 3W 18, 4W4, 4W6, 4W9, 4W24, 5W4, 5W5, 5W6, 5W8, 5W9 Manhole Inspection (through December 2017) 961 of 1,237 manholes have been inspected. S Porcelain Cutout Replacement (through December 2017) 91"% complete. 247 remaining to be replaced :f Routine Maintenance (continued) Tree Trimming Dec: 83 spans YTD: 657 spans through December ubstation Maintenance Infrared Scanning - through December complete - no hot spots found ' Underground Subdivisions Upgrade 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) Double Poles Town of Reading Ownership: 16,000 (approximately) . Foie Jurisdiction 50% RMLD -� 4 50% Verizon Y:• `�Fr � { , i; C stodial: E11�� Reading - split (see map) �s ' �f00t� q G Cyd *E� E.I !� ti North Reading - RMLD FA ( <<�� Verizon �. t �� ` �" .= �a� �g�"�'�'��`•"' rte. "�� Wilmington ' 'VerizonAN b'L' rkS � } • 1�'� \. •' ��C R�� x�-, Rea0ing51rcets 1 - -� of Readin 11 Pole O er - , • .: is i ,, .,... , - ,t - ,.. .. .. ......,.--...—..—..._._ .m_.._...._m. '. , lku4r.70/3 (Z)TELCO 1 NJ U NS "Next to Go" as of February 12,2018 - r' ;NORTH READING READING - - --- - - - - -" IWILJVIINGTON LYNNFIELD Countof count of Countof Ticket Ticket Countof Ticket NTGMemberand Job Type _r'NumberNTGMember and lobType i-� Number Ticket 'NTGMemberandlobType -t' Number 6CMCNNR _ L3 r RMLD 35 NTGMember and JobType -1 Number ( 9ComnstMassachusetts pal Light Department CMCTNR ZG,Reading Munioi lJ t C LIFIDIFID 69 Comcast Massachusetts TRANSFER TRANSFER 31 BLynnfield Fre Department i TRANSFER 2' PULL POLE q TRANSFER 6 7NP3PMA 41 C Non-parddpating3rd PartyAttadher-Massachusetts �RMLD O-NRDGFD 38 TRANSFER 4; JVZNEDR 50 S - r Verizon Massachusetts JNorth Reading Fire Department ,t Reading Munidpal Light Department i TRANSFER qg TRANSFER 5 TRANSFER 38: ' PULL POLE 2 y, JRONGFD -- ---- - - --- ---3' I ®Reading Fire Department TRANSFER 3, e 8 VZNESA S CIRMLD 29 r_iWLMFiB 10 aVerson Massachusetts -- -— I 0 Reading Munidpal Light Department `0-Town of Wilmington TRANSFER 5 I TRANSFER 12' F' � _--_-----_- -- 82 TRANSFER 10 PULL POLE 17 j 9Reading MunkJpalLight Department :C(blank) TRANSFER 23j Grand Total 16 PULL POLE - 59 'EtEDR i BWMGNFD go • 32. � r Verimn Massachusetts WNESA B Wllmdngton Fire Department D' 80 TRANSFER 29 G-Ved:on Massacrusetis TRANSFER PULLPOLE 3. TRANSFER it• rl(blank) C-1(blank) PULL POLE 2' _Grand Total 175 Grand Total ID(blank) _ 101 ,GrandTotal t RML® Reliability Indices Minutes 2012-2017 Minutes CAIDI 2012-2017 120.00 1 160.00 1100.00 ti --- 95.45 - -- ®2012 140.00 --------- --134.40 ®2012 80.00 2013 120.00 2013 2014 IEEE day threshold 100.00 94.96 2014 60.00 80.00 49,40 �2015IEEEdaythreshold ri2015 40.00 2016 IEEE day threshold 60.00 2016 z1.oe 40.00 70.29 20.00 �2017 YTD IEEE day threshold 20.00 z2.6 2017 YTD 0.00 -. -2016 Region Average 0.00 -2016 Region Average 2012-2013-2014-2015-2016-2017- -2016 National Average 2012-2013-2014-2015-2016-2017 AverageSAIDI -2016 National Average Average CAIDI � r L'otalDurationo Cusiomerinterru tions 1'ofulDurutionofCustomerinterruptions SAID] Misrules = f p CAIDI(Minutes)_ j' ( ) Total Number of Customers Interrrplions "1 oral Number of Customers Served `s Note: The major event(ME)threshold allows a utility to remove outages that SAIFI 2012-2017 exceed the IEEE 2.5 beta threshold for events.These events could be severe weather,which can lead to unusually long outages in comparison to your 0.90 distribution system's typical outage. 0.80 0.80 ®2012 0.70 X2013 , 0.60 0.54 2014 0.50 0.40 - - ----- a 2015 '9'" SA IFI=Total Number of Customer Interruptions 0.30 -- 2016 ^� Total Number of Customers Served 0.20 n ? r r 2017 YTD 0 10 0.00 -2016 Region Average 2012-2013-2014-2015-2016-2017 -2016 National Average Average SAIFI Note:" Regional and national averages have been updated for 2016. Causes of Outages - 2017 YTD December 70 ------- 60 S0 43 40 36 32 E Annual Average 2012-2017 30 0 2-017 Year to Date 20 10 9 10 7----- S 2 0 0 0 _` ` -` —- 4\ --A Questions ? RMLD PROCUREMENT REQUEST REQUIRING BOARD APPROVAL ATTACHMENT 5 R� /{�� Reading Municipal Light Department �M/� RELIABLE POWER FOR GENERATIONS c 230 Ash Street,P.O.Box 150 Reading,MA 01867-0250 February 6,2018 Town of Reading Municipal Light Board Subject: IFB 2018-34 HVAC and Ice Machine Preventative Maintenance and Repair Service Pursuant to M.G.L.c. 30, § 39M, on January 17,2018, an invitation for bid(IFB)requesting sealed bids for HVAC and Ice Machine Preventative Maintenance and Repair Service was advertised in the Commonwealth of Massachusetts Central Register. On January 17, 2018, the IFB was placed as a legal notice in the Middlesex East section of the Daily Times Chronicle,posted on COMMBUYS,the RMLD website,and the RMLD bulletin board. An invitation for bid was sent to the following twenty-four companies: Ambient Temperature Corporation Boston Mechanical Services Breen&Sullivan Mechanical (Division of NB Kenney) Services,Inc. Carriere HVAC,Inc. Central Cooling&Heating,Inc. Controlled Systems HVAC,Inc. Cooling&Heating Specialists,Inc. Cooling Unlimited,Inc. Cranny Companies,Inc. Daikin Enoch C. Shaw Company,Inc. Falite Bros.,Inc. GovWin+Onvia Honeywell Huntington Controls Johnson Controls,Inc. Lake Industries,Inc. Limbach Company Mechanical Air Controls,Inc. Prime Vendor,Inc. Projectdog,Inc. I Siemens Industry,Inc. Stebbins-Duffy Total Temperature Control,Inc. Sealed bids were received from four companies:Ambient Temperature Corporation,Cooling&Heating Specialists,Inc., Johnson Controls,Inc.,and Limbach Company. The sealed bids were publicly opened and read aloud at 11:00 a.m. on January 31, 2018, in the Town of Reading 1 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 2018-34 for HVAC and Ice Machine Preventative Maintenance and Repair Service be awarded to: Ambient Temperature Corporation for $89,808.00, pursuant to M.G.L. c. 30, § 39M, as the lowest I responsible and eligible bidder on the recommendation of the General Manager.This is a three-year contract. i Fite:Bid/FY18/2018-34 HVAC and Ice Machine Preventative Maintenance and Repair Service i /(T T'LD 1 Reading Municipal Light Department 1�/ RELIABLE POWER FOR GENERATIONS 230 Ash Street,P.O.Box 150 Reading,MA 01867-0250 I 1 These services will be paid from the Operating Budget. Paul McGonagle Hamid Jaf an Coleen O'Brien I a f File:Bid/FY18/2018-34 HVAC and Ice Machine Preventative Maintenance and Repair Service HVAC and ice Machine Preventative Maintenance and Repair Service M.G.L.c.30,§39M Bid 2018-34 Bidder Year 1 Year 2 Year 3 Combined 3- Responsive Exceptions Year Total Bidder Ambient Temperature Yes No Corporation PM Service $29,936.00 $29,936.00 $29,936.00 $89,808.00 Hourly Labor Rate Regular $130.00 $133.00 $136.00 Hourly Labor Rate Off Hours $195.00 $199.00 $204.00 Parts Mark-up% 18% 18% 18% Cooling&Heating Specialists, Yes No Inc. PM Service $32,958.00 $32,958.00 $32,958.00 $98,874.00 Hourly Labor Rate Regular $118.00 $120.00 $122.00 Hourly Labor Rate Off Hours $177.00 $180.00 $183.00 Parts Mark-up% 20% 20% 20% Johnson Controls,Inc. Yes No PM Service $41,638.22 $42,054.78 $42,475.14 $126,168.14 Hourly Labor Rate Regular $159.25 $164.03 $168.95 Hourly Labor Rate Off Hours $238.88 $246.05 $253.43 Parts Mark-up% 15% 15% 15% Limbach Company Yes No PM Service $29,994.00 $29,994.00 $30,943.00 $90,931.00 Hourly Labor Rate Regular $135.00 $135.00 $140.00 Hourly Labor Rate Off Hours $202.50 $202.50 $210.00 Parts Mark-up% 20% 20% 20% 2018-34 HVAC and Ice Machine Preventative Maintenance and Repair Service Analysis.xls Page 1 BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED TOWN OF READING MUNICIPAL LIGHT DEPARTMENT February-18 RATE COMPARISONS READING&SURROUNDING TOWNS INDUSTRIAL-TOU RESIDENTIAL RESIDENTIAL-TOU RES.HOT WATER COMMERCIAL SMALL COMMERCIAL SCHOOL RATE 109,500 kWh's 750 kWh's 1500 kWh's 1000 kWh's 7,300 kWh's 1,080 kWh's 35000 kWh's 250.000 kW Demand READING MUNICIPAL LIGHT DEPT. 75125 Split 25.000 kW Demand 10.000 kW Demand 130.5 kW Demand 80120 Split TOTAL BILL $122.48 $213.82 $149.47 $1,079.34 $206.98 $5,041.05 $810,855.17 PER KWH CHARGE $0.16331 $0.14255 $0.14947 $0.14785 $0.19165 $0.14403 $0.11786 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 $0.23078 $0.23867 $0.18317 $0.17000 %DIFFERENCE 43.86% 90.54% 47.61% 56.09% 24.54% 27.18% 4423% 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 46.34% 36.54% 58.45% 47.16% 25.60% 49.83% 7066% 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 -34.93% -28.35% -30.29% -17.95% -31.78% -12.93% -2904% 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 -19.39% -5.69% -11.19% -11.10% -18.62% -5.52% -045% 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 8.06% 15.60% 11.65% 16:51% -3.48% 17.25% 2426% From: Trey Schultz To: RMLD Board Members Group Subject: AP Warrants and Payroll Date: Thursday,February 15,2018 12:17:00 PM Good afternoon, 1.19.18, 1.26.18, 2.2.18, and 2.9.18 AP. 1.22.18 and 2.5.18 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