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HomeMy WebLinkAbout2018-06-21 RMLD Board of Commissioners Minutes yorg c Town of Reading Meeting Minutes r - o Board - Committee - Commission - Council: RMLD Board of Commissioners 2J'" C' "• I`.�; C"° �6 Date: 2018-06-21 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: David Hennessy, Chair David Talbot, Vice Chair Tom O'Rourke, Commissioner Philip B. Pacino, Commissioner John Stempeck, 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 Ben Thivierge, Resource Specialist Tracy Schultz, Executive Assistant Citizens' Advisory Board: Neil Cohen, Reading Minutes Respectfully Submitted By: Tom O'Rourke, Secretary Pro Tem Topics of Discussion: Call Meeting to Order 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 North Reading, Lynnfield, and Wilmington. Chair Hennessy then read the RMLD's Code of Conduct. Pudic Comment Chair Hennessy welcomed Mr. Cohen and Ms. Alvarado, neither of whom had comments.There was no public comment. Chair Hennessy explained that Vice Chair Talbot was participating remotely due to travel, and that all votes would need to be roll call. Vice Chair Talbot greeted the Commission and apologized for his physical absence. Page I 1 Approval of Boats Minutes(Attachment 1) Mr. Pacino made a motion, seconded by Mr. Stempeck, to approve the April 5, 2018 and April 17, 2018 minutes, per the recommendation of the General Manager, Chair Hennessy called for a poll of the vote: Mr. O'Rourke:Aye: Mr. Pacino: Aye; Chair Hennessy: Aye; Mr.Stempeck:Aye;Mr.Talbot:Aye. Motion Carried. 5:0:0. RMLD Board Member Attendance at Citizens' Advisory Board Meetings Report-Mr. Pacino Mr.Pacino stated that he attended the CAB meeting on May 161h.The financial report,reliability and organizational study updates, and NEPPA conference were discussed. Mr. Pacino stated that he attended the Town of Reading Audit Committee meeting on June 13th.The Committee recommended that the audit be accepted as presented. There was no management letter. On June 20th Mr. Pacino attended the Citizens' Advisory Board meeting in Mr. Stempeck's place. The CAB reviewed minutes and discussed OSHA compliance and the new RMLD website. General Manager's Report-Ms.O'Brien Review of Board Policies Ms.O'Brien explained that RMLD is in the process of reviewing and updating its policies.To date, 12 have been completed, and five are being presented to the Board for review tonight. Ms. O'Brien stated that she would provide an overview of the changes for each policy. Policy No. 7 Sick Time gives more responsibility to the General Manager, the Department Managers, and Human Resources for ensuring that there is no abuse of sick time. It General Manager's Report-Ms.O'Brien Review of Board Policies provides for monitoring for abuse of sick time and time off according to legislation and RMLD's collective bargaining agreements. Ms. O'Brien explained that Policy No. 9 Section 2 Procurement policy has updated threshold values due to changes in M.G.L. Chapter 164§56D. Policy No. 17 Tuition Reimbursement now outlines approved areas of study and clarifies eligible expenses. Ms. O'Brien explained that some schools are now allowing students to defer tuition payment until after the course is completed if the employer has o tuition reimbursement program. Policy changes now allow for that. Mr. Stempeck asked if professional education courses were included. Ms. O'Brien explained continuing education credits are considered training and are processed as expenses. Mr. O'Rourke suggested adding a line for supervisor signature on the reimbursement form. All agreed this should be done. Ms. O'Brien stated that NERC cybersecurity requirements for compliance were added to Policy No. 27 Use of RMLD Information Systems. Mr. Stempeck suggested adding language to Section D. Board of Commissioners to allow the Board to send pertinent data and articles to each other. Mr. Pacino suggested using the word "educational." Mr. O'Rourke suggested changing "When in doubt:don't" to "When in doubt:ask." Mr.O'Rourke mentioned that policy provisions for data protection may be something to consider in the future. Mr. Pacino made a motion, seconded by Mr.Stempeck, that the Board approve the changes to RMLD Policy No.27 Use of RMLD Information Systems,with the changes in Section II Item D that the word 'educational,' be added before 'procedural or housekeeping matters' and in Section III the last item in Section B replace the word 'don't' with 'ask.' Chair Hennessy called for a poll of the vote:Mr.O'Rourke:Aye:Chair Hennessy: Aye;Mr.Pacino: Aye;Mr. Stempeck; Aye; Mr.Talbot:Aye. Motion Canted. 5:0:0. Page 1 2 General Manager's Report-Ms. O'Brien Review of Board Policies Mr. Pacino made a motion,seconded by Mr.O'Rourke, that the Board approve the changes to Policy No. 17 Tuition Reimbursement, with the change to Attachment A: adding a line for Supervisor signature. Chair Hennessy called for a poll of the vote: Mr. O'Rourke: Aye; Chair Hennessy: Aye; Mr. Pacino: Aye; Mr.Stempeck; Aye:Mr.Talbot:Aye. Motion Cabled. 5:0:0. Ms. O'Brien stated that the last policy for review is Policy No.31 RMLD Vehicle Use. An insurance company accident form is in every RMLD vehicle. Instructions were added to the policy on immediately notifying a supervisor after certain types of accidents occur. Hands free device use was clarified.Touching a phone or electronic device is prohibited when driving. Mr. Pacino made a motion,seconded by Mr.Stempeck,that the Board approve the changes to Policy No. 7 Sick Leave Benefits, No. 9 Procurement, and No. 31 Vehicle Use, on the recommendation of the General Manager. Chair Hennessy called for a poll of the vote:Mr. O'Rourke: Aye: Chair Hennessy: Aye; Mr. Pacino: Aye; Mr.Stempeck; Aye; Mr.Talbot: Aye. Motion Carried. 5:0:0. Ms. O'Brien announced that state entities must be OSHA compliant by February 13, 2019. A trainer will be coming in to RMLD for a meeting with the entire company. RMLD will be conducting a two-day self-audit at the end of the summer. RMLD already follows the APPA Safety Manual which is OSHA based. Integrated Resources Division-Ms. Parenteau Power Supply Report-April 2018(Attachment 3) Ms. Parenteau announced that she would be reporting on April 2018 purchase power and began with capacity requirements and imbedded costs from 2014 to 2018. In 2014 RMLD's April capacity requirement was 215,566 kW and the average cost per kW was $10.25. In 2018 RMLD's April capacity requirement was 222,431 kW and there was a significant increase to cost: $13.56 per kW. This was due to an increase in NEMA's capacity zone, which resulted in a 16 percent increase for the capacity year (which runs from June 1 to May 31).This is a $3 million annual cost increase. Capacity is based on the summer peak from the previous year. Ms. Parenteau announced that Ms. Mulvaney has started the Shred the Peak campaign. RMLD has a list of 2,000 customers who have opted in for Shred the Peak notifications. RMLD issues tweets and e- mails when anticipating peak usage. Chair Hennessy asked how people can participate. Ms. Parenteau explained that customers can sign up on RMLD's website. Ms. Parenteau then discussed purchased power and imbedded costs for fuel. April 2018 purchases,which are somewhat reflective of sales,were down significantly. Despite that, RMLD's average cost of power is still under five cents. Ms. Parenteau then discussed transmission costs over the last five-years, from 2014 to 2018.90 percent of transmission costs are through ISO New England which provides regional network service. Costs are socialized throughout New England and are based on monthly peak. RMLD's transmission providers are National Grid and Eversource. Costs are based on monthly peak and regional network charges and are forecasted to increase annually. Electric Vehicle Pilot Program-Mr.ThNlerge(Attachment 2) Mr. Thivierge explained that RMLD has started an electric vehicle (EV) pilot program for the summer called 'Electrify Your Ride'. Mr. Thivierge highlighted the environmental and savings benefits of EVs and explained that there are three types of electric vehicles: plug-in electric hybrid (gas and electric, with a battery capacity less than 10 kWh), plug-in electric hybrid plus (gas and electric, with a battery capacity greater than 10 kWh), and battery electric vehicles (completely electric). Mr.Thivierge explained that RMLD is offering a$1,000 rebate for the Page 1 3 Electric Vehicle PBot Program-Mr.Thhrlerge(Attachment 2) purchase or lease of new plug-in electric hybrid plus vehicles and a $1,500 rebate for the purchase or lease of new or used battery electric vehicles. RMLD also has a residential EV charging station rebate for 100 percent of equipment costs (up to$500) for the home installation of level 2 networked ('smart') charging stations. Vice Chair Talbot asked how many other light departments have similar programs? Mr. Thivierge replied that RMLD is the only municipal in Massachusetts offering a rebate for the purchase or lease of a car. Ms. O'Brien explained that less people are coming in for solar. Ms. Porenteau stated that the rebate budget is$235,000 and$40.000 has been allocated to the EV program. Vice Chair Talbot stated that a collaboration with the Town of Reading could benefit both sides. The Town and RMLD should think creatively about future technologies. Mr. Pacino added that he will soon be purchasing a new car and stated that zoning by-laws need to be tweaked. Ms. Alvarado stated that is a timely idea since Select Board is beginning to discuss Master Plan and the Zoning Board is updating their guidelines. Chair Hennessy asked if there's anything RMLD can do. Ms. O'Brien told Ms. Alvarado that RMLD can provide the Select board with specs, guidelines,and language regarding charging stations. Ms. O'Brien stated that RMLD is developing a program to approach retailors in strategically selected locations about installing EV chargers. Chair Hennessy asked if the EV chargers will be RMLD owned. Ms. O'Brien replied that only RMLD can sell electricity within its service territory. Unless a company installs a meter and provides charging to its employees for free the electricity must be sold by RMLD. Mr. Thivierge continued his presentation. RMLD's goal is to have 30 approved vehicle applications in five months and is therefore aiming for six per month.Six applications have been approved in June so far. Educational articles will be running in local newspapers and online on The Patch and the RMLD website. Information will be provided on billing envelopes and through e-mails to customers. RMLD will be at the Wilmington Farmer's Market on Sunday, July 15 to showcase and allow customers to test drive electric vehicles. Community Engagement-Ms.Mulvaney Ms. Mulvaney announced that RMLD's new website launched on June 11r. Content has been reorganized and the design has been cleaned up. The website is now mobile friendly. It's a responsive design so it adjusts to any screen.There will be an outage mop. There are separate sections for residential and commercial customers. RMLD looked at analytics from its previous website and the most selected are now quick links. The News and Announcements section highlights current events and campaigns. Ms. O'Brien added that there is a calendar showing upcoming Board and CAB meetings. Mr.Talbot disconnected from the meeting. Financial Report-April 2018-Ms.Markiewicz-(Attachment 4) Ms. Markiewicz announced that she would be reporting on the first ten months of the fiscal year, ending on April 30, 2018. Ms. Markiewicz stated that a FERC accounting trainer stated that the industry standard is to have three to four months of operating cash available. RMLD targeting two months understanding that there is reserve available if needed. Ms. Markiewicz then presented a summary of plant. As of April, total capital assets were $77.5 million. Of that $77.5 million, $52.5 million is infrastructure, which makes up the bulk of plant. Structures and improvements total $10.8 million, equipment and furnishings total $12.9 million (computer hardware and software, office furniture, fleet, tools, GIS, SCADA, fiber), and land totals $1.3 million. Ms. Markiewicz then presented a plant comparison over the last five-years. In 2014 structures and improvements started at$6.4 million and has gone up to$10.8 million. Equipment Page 14 Financial Report-April 2018- Ms.Markiewicz-(Attachment 4) and fumishings has stayed flat because RMLD hasn't put a lot of money into office equipment or fleet. Infrastructure started at$49.5 million and has increased to$52.5 million. Ms.Markiewicz stated that year-to-date operating and maintenance expenses are on target for the budget. May looks like it will go over budget but the impact from the March storms does not seem to be as dramatic as anticipated. Engineering and Operations Report-April 2018 - Mr.Jattad(Attachment 5) Mr. Jaffari stated that year-to-date capital spending totals $5,007,896. $7,685,521 was budgeted for Fiscal Year 2018 so $2,677,625 remains. Mr. Jaffari stated that routine maintenance is going well and that RMLD is monitoring the tree-trimming program to ensure that it doesn't go over the amount budgeted. 843 spans have been cut through April. There were no substation hot spots. Three underground subdivisions were completed in April and eight more are in progress. Lynnfield has 20 pending transfers and one pending pull pole. North Reading has 10 transfers and 49 pull poles. Reading has 27 transfers and 54 pull poles. Wilmington has 35 transfers and four pull poles. These numbers will be substantially higher in May and June because a lot of upgrades have been completed. Reliability indices are well below the national and regional averages for outages. Mr. Jaffari announced that all Fiscal Year 2018 projects are completed except for the parking lot.There was a round of applause. Mr.Jaffari stated that Fiscal Year 2019 projects are being started ahead of schedule. General Discussion Mr. Pocino suggested that the Sub-Committee Payment to the Town of Reading be listed as an agenda item for the next Board meeting and future meeting dates were discussed. Adjournment 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 return to Regular Session for the sole purpose of adjournment. Motion Cabled. 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. J 0 � Tom O'Rourke,Secretary Pro Tem RMLD Board of Commissioners Page 1 5 READING MUNICIPAL LIGHT DEPARTMENT BOARD OF COMMISSIONERS REGULAR SESSION THURSDAY, JUNE 21 , 2018 r APPROVAL OF BOARD MINUTES APRIL 5, 2018 AND APRIL 17, 2018 ATTACHMENT 1 READING MUNICIPAL LIGHT DEPARTMENT BOARD OF COMMISSIONERS MEETING 230 Ash Street Reading, MA 01867 April 5,2018 Start rime of Regular Session: 7:30 p.m. End Time of Regular Session: 8:01 p.m. Commissioners: Phillip B. Pacino,Chair-Secretary Pro Tem Dave Talbot,Commissioner Tom O'Rourke,Commissioner Stag: Coleen O'Brien, General Manager Wendy Morkiewicz, Director of Business/Finance Hamid JafFari,Director of Engineering and Operations Tracy Schultz, Executive Assistant Jane Porenteau, Director of Integrated Resources Public: Dave Hennessy,Commissioner-Elect John Stempeck,Commissioner-Elect Call Meeting to Order Chair Pacino called the meeting to order, stated that the meeting is being filmed, and read the Board of Commissioners' Code of Conduct. Discussion of Return on krveslmeM, Disposition Thereof,and Effect on Funding of the RMLD Capital Needs Adjournment Chair Pacino stated that there is only one agenda item and explained that the Board of Commissioners needs to make a public statement on what is being said to the Sub-Committee. Chair Pacino explained that two members of the Board are cunenfly Commissfoners-Elect. They have been reelected but the final vote has not been certified yet, so they have not been sworn in.They will be allowed to participate in the meeting as citizens of the Town. Chair Pacino asked Ms. O'Brien to provide the public with instructions on how to access the White Paper. Ms. O'Brien stated one has to start on the RMLD Homepage, click 'Meetings' on the left side, then click 'Board of Commissioners' and then select 'Quick Links' on the left-hand side. Chair Pacino recommended that anyone following the Payment to the Town of Reading read the White Paper. Chair Pacino stated that the Commission has sole control over the bottom line in terms of what to do with the Town. Chair Pacino explained that tonight he is looking for a public statement on what the Board wishes to do going forward. Mr. O'Rourke suggesting providing background far those who may be unfamiliar with the situation. Chair Pacino explained that the issue initially arose in April 2017 in Town Meeting as an Instructional Motion to the the Selectmen.Chair Pacino stated he raised the idea of assembling the Sub-Committee,which was conceived in the 1980s, but had never met. Following the 2017 Motion, the Sub-Committee was formed, consisting of two members of the Ciffzens' Advisory Board, two members of the Board of Commissioners, and a member of the Board of Selectmen. Chair Pacino stated that RMLD is allowed to earn eight percent. That eight percent goes to two places:capital funds and return on investment to Town.Chair Pacino stated that number is around$2.7 million. Discussion of Return on Investment,Disposition Thereof,and Effect on Funding of the RMLD Capital Needs Adjourrmsetst Ms. Markiewicz clarified: RMLD is allowed to earn eight percent of net plant and it is at RMLD's discretion to distribute that however the business deems fit. RMLD has always used that money to add to the capital infrastructure. However, RMLD is not required to spend the money on capital funds or the payment to the Town of Reading. Chair Pacino stated that if RMLD doesn't spend on capital, the system can't be maintained properly. The Commission has concluded that the present formula is not sustainable:RMLD will be giving too much money to the Town, with not enough going back to the capital. Chair Pacino stated one of the options is to leave the present formula in place. However, there needs to be a study on how to resolve eventually not having enough to give to capital.That may mean freezing the payment to the Town if necessary. Ms. Markiewicz clarified, for the past Five years RMLD has spent more than the rate of return on capital infrastructure. Chair Pacino stated that the Board should focus on the next two years, have a study done,and then adjust the payment formula in year three according to the study results. Chair Pacino stated that he continues to endorse what he presented:using the Consumer Price Index,with two and a half percent as the floor and a ceiling of five percent, only for the next two years. Mr.O'Rourke stated that this process was started to find ways to increase the payment to the Town.However, a lot of issues were found along the way.RMLD realized it was making the largest payment to a Town in the Commonwealth. RMLD needs to continue to invest in capital infrastructure. RMLD has a lot of commitments it needs to honor and doesn't want to jeopardize reliability or raise rates.Mr. O'Rourke suggested a short statement to the Sub-Committee on why we aren't in position to make increased payments. RMLD can make the already-scheduled payments for the next two years while a study is undertaken. Mr.Talbot stated if this was going to be the evening's topic of discussion then the agenda should have been clearer,so other involved parties would have attended.Mr.Talbot stated that we all learned a lot from the White Paper.One thing that stood out is that RMLD is making the largest payment to a municipality in the region. RMLD capital needs are great and it's hard to see why we would go up in the payment to the Town. Mr.Stempeck said that before the current General Manager RMLD had not reinvested capital into the plant and was beginning to feel the full effects of that.We're playing catch up.Consultants laid out a 6-year plan. We're implementing it:these are things that are needed to ensure safety and reliability.The last thing that we want to do is go negative on the bottom line. Vice Chair Hennessy agreed and asked for clarification on when the study would start. Chair Pacino stated that's a reminder to bring up transitioning to a calendar year again and answered that the two years would start .luly 1,2018.Chair Patina stated two years is a reasonable time to let fawns digest what's going on. Mr.Stempeck stated that RMLD needs to be flexible,and there should be language in the statement that if unanticipated catastrophes and acts of nature occur RMLD will not be able to make payments. Ms.O'Brien clarified. RMLD is allowed to make up to eight percent of net plant,but you would need to justify raising the rate to obtain that eight percent.A lot of other Town payments are decreasing because typically the payments are tied to sales.Some do net plant.Our net plant will be growing,but because sales are going down the only way to make the eight percent is to raise the rate.We're investing approximately$8 million a year in capital infrastructure and trying to keep the rate of return eight or less to be fair to public, and we're paying the Town;a convergence is coming very quickly. Mr.Talbot stated that we don't want to raise rates or hurt economic development just to add money to the Town budget.The override passed so there is a lot less pressure. 2 Discussion of Return on Imestment,Disposition Thereof,and Effect on Funding of the RMLD Capital Needs Adjournment Chair Pacino stated that he visualizes this as a starting point.This is something to bring to the Sub-Committee and state this is what we think we can do.The floor for the increase,for the next two years only,will be two-anda-half percent and the ceiling will be five percent. In the case of a major event,adjustments would have to be made. When the study is done the formula will be reexamined.The present formula is not sustainable in the long term. Mr.O'Rourke clarified that FY 2018 would use the current formula.Chair Pacino answered that this would be effective July 1,2018. Ms.O'Brien stated that RMLD needs to talk about crafting the scope of the study and what questions need to be looked at. Mr.Talbot asked how many municipals guarantee a set payment versus how many are flat or declining? Ms. O'Brien answered that there are different methodologies Mr.Talbot stated that,arguably, RMLD's status quo is very generous. Chair Pacino stated that this should have been dealt with several years ago;it never occurred to the Board that it would become unsustainable.Mr.O'Rourke stated that he understands the two-yearwindow but there should be a sense of urgency to the topic. Chair Pacino replied that they must give the Town two years to adjust. Mr.Stempeck stated that the study could be conducted much faster than a year and recommendations should be implemented as quickly as possible.This is happening to all utilities.There has been a decrease in power usage due to technology and efficiency enhancements. But we're a fixed cost organization.These payments that are continually going up? At some point they can't be maintained.Mr.Stempeck suggested not guaranteeing two years. Chair Pacino stated that would be discussed at the Sub-Committee meeting. The dates of the next meetings were clarified and having a Commission member go to the Board of Selectmen meeting on April 1 Om was discussed. Mr.O'Rourke made a motion,seconded by Mr.Talbot,to adjourn the Regular Session. 9:0:0. Motion Carried. 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 3 READING MUNICIPAL LIGHT DEPARTMENT BOARD OF COMMISSIONERS MEETING 230 Ash Street Reading,MA 01867 April 17,2018 Start Time of Regular Session: 7:30 p.m. End Time of Regular Session: 9:30 p.m. Commissioners: Dave Hennessy,Chair-Secretary Pro Tem John Stempeck,Commissioner Dave Talbot,Vice Chair Philip B. Pacino,Commissioner Tom O'Rourke,Commissioner Staff: Coleen O'Brien, General Manager Wendy Markiewicz, Director of Business/Finance Hamid Jaffari, Director of Engineering and Operations Tracy Schultz, Executive Assistant Jane Parenteau, Director of Integrated Resources Citizens Advisory Board: Dennis Kelley,Secretary 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.Chair Pacino then read the RMLD's Code of Conduct. Public Comment Chair Pacino welcomed Mr. Kelley,who had no comments.There was no public comment. Reorganization of the RMLD Board of Commissioners Chair Pacino stated that it hos been an interesting year.At times it has been stressful,but RMLD has come out on the other side, All the Commissioners commended Chair Pacino for the great job he did as Chair. Chair Pacino then opened the nominations. Mr.Stempeck nominated David Hennessy for Chair of the Board of Commissioners.Mr. O'Rourke seconded. Mr.Stempeck made a motion,seconded by Mr.O'Rourke,that the nominations be closed. Motion Cabled:5:0:0. Chair Pacino then announced the Board would be voting for Mr.Hennessy as Chair. Vote Carried:5:0:0. Chair Hennessy opened the floor for nominations for Vice Chair. Mr.Stempeck nominated David Talbot for Vice Chair of the Board of Commissioners.Mr.O'Rourke seconded. Mr.Stempeck made a motion,seconded by Mr.O'Rourke,that the nominations be closed. Motion Carried:5:0:0. Chair Hennessy then announced the board would be voting for Mr.Talbot as Vice Chair. Vote Carried:5:0:0. It was decided that the Audit Committee will be comprised of Mr. Pacino and Mr.Stempeck. It was decided to dissolve the Policy Committee and have the policies presented to the full Board when ready for review. It was decided that the General Manager Review will occur during a full Board meeting.The review should be done in July, so individual assessments should be completed in June. There was concern regarding Ms. O'Brien's assessment due to the plan to change to a calendar year. Ms. Markiewicz explained that RMLD can't be considered calendar year until the end of the year. The Commission determined that Ms. O'Brien could possibly have another review in early 2019, right after the year closes.Discussion ensued over the timing of all employee performance appraisals. Approval of Board Minutes(Attachment 1) Mr. Pacino made a motion, seconded by Mr.Stempeck,to approve the February 22,2018, March 12, 2018,and March 15,2018 minutes. Motion Canted. 5:0:0. RMLD Board Member Attendance at CHizens'Advisory Board Meeting Report-Chair Hennessy Chair Hennessy stated that the CAB met on April l Ph at the Lynnfield Town Hall. RMLD's Capital Budget was presented,but no vote was taken yet.Mr.Kelley stated that the CAB would be reviewing the Operational Budget the following evening. Report of the Former Chair-Mr. Pacino Meeting of the Sub-CommHtee on the Payment to the Town at Reading Mr. Pacino stated that the Sub-Committee met on Wednesday, April 11 1h. The Sub-Committee discussed the proposal that had been made by RMLD of a two-and-a-half base or CPI and a five percent ceiling. It was decided that the study of the payment should come before any changes to the current Town Payment. The Committee voted to ask the Commission to instruct the Department to proceed with the study and to report back as soon as possible with the results. Mr.O'Rourke asked if the Sub-Committee should be kept in place?Mr.Pacino answered yes.Mr.O'Rourke asked what about the upcoming Town Meeting? Mr.Pacino stated that the Selectmen will give an update. Mr.Stempeck stated that the Committee decided they need to understand facts.Approximately 6-month time frame approximately$100,000 Ms. O'Brien stated that the study will ask for assets by classification. It will work through what is appropriate to spend on capital due to the age of the infrastructure. If will examine reliability,staffing, and financials past and present. They'll speak with Integrated Resources about power supply projections. It's going to take some time because a lot of detail is necessary to be able to project forward. Mr.Talbot asked is the purpose of the study to find out what the payment to the Town can be going forward,or is there a greater purpose? Mr.Stempeck answered that the payment is a significant portion of why the study is being done.Ms.O'Brien added that the study is going to examine financials so that we can determine what our future net income is projected to be. Mr.Talbot stated that the study should develop a strategic plan on how to diversify. Best practices from other municipals should be examined. Mr.Stempeck replied that should be phase two.The first phase is to see if RMLD is sustainable,then determine what if? We need to get numbers down first. Mr. Talbot reiterated that he wants to know what other municipals are doing. Mr. Stempeck asked if recommendations for increased revenue can be included in the study's scope.Ms.O'Brien replied that the study should make recommendations. Mr.O'Rourke said that he considers this an affordability study on how the formula that determines the payment to the Town can be changed to be more reasonable. Mr.Talbot asked what other municipals are doing.Ms.O'Brien stated she had previously presented a slide that showed what other municipals are paying. Mr. Talbot stated that RMLD knows it is paying more. Is a study necessary to tell us what we already know? 2 Report of the Former Chair-Mr. Pacino Meeting of the Sub-Commtitee on the Payment to the Town of Reading Mr.Kelley asked where the money for the study will come from? The budget process is already underway.Mr. Kelley asked if the CAB vote on the budget needs to be held off? The$100,000 needs to come from someplace.The money currently hasn't been allocated. Ms.O'Brien stated that$100,000 is not a definite number. Mr.O'Rourke stated that it's not going to be spent without approval Ms.O'Brien stated that she scheduled a meeting for this week to determine if it is possible to get the information RMLD is looking for. The spreadsheet that has been put together may be the best predictive indicator we're going to get that shows the convergence. Mr.Stempeck made a motion,seconded by Mr.Talbot,that the General Manager investigate,to the best of her ability,whether it makes sense to have a study to engage a consultant to answer the kinds of questions that she thinks she should be in the scope of the study and provide us with feedback at our next meeting. Motion Passed:5:0:0. General Manager's Report-Ms. O'Brien Quarterly Updates: Reliability Report-Ms.O'Brien and Mr. Jaffari (Attachment 2) Mr.Jaffari announced that of the seventy-one items,most have been completed,some are in progress,and the rest are in planning. Since the last update. Station 3 work has been completed. The breakers are being maintained,the relays were replaced,and arc flash is in compliance. The outage management system is being installed by Survolent and will be completed by the end of the week. Staff will be trained on the system next week.RMLD is currently interviewing interactive voice response(IVR)vendors.Under distributive generation,RMLD received a$1 million grant to install a battery storage unit at Station 3.That is being planned.The implementation of the GIS upgrade program is almost done.The engineering model was just sent to Milsoft. Integrated Resources Division - Ms. Parenteou Power Supply Report-February 2018(Attachment 3) Ms. Parenteau announced that RMLD will participate in Reading's Earth Day on Saturday, April 210 from 10 to 2 at the Parker Middle School. RMLD is continuing to hold its save Energy and Money series at the various libraries. RMLD will be at the Reading Library on Thursday,the 261h,at 6 o'clock. RMLD will be at the Flint Memorial Library in North Reading at 6 o'clock on May 7m. Ms. Parenteau announced that she would be discussing February. Ms. Parenteau started with the spot market prices,which are the day-ahead and the real time prices,from 2014 through 2018.Both the day ahead and real time prices have dropped considerably. In 2014,the average day ahead price was$156.24. In February 2018 it dropped to$39.48. However,there was approximately a 30 percent increase from 2017 to 2018.The day ahead pricing went from$30.33 in 2017 to$39.48 in 2018.The real time went from$29.02 in 2017 to$36.88 in 2018. Mr.Stempeck asked what caused such a sizable difference between 2014 and 2018? Ms. Parenteau answered that in 2014 there was a cold snap, and that was also the beginning of the natural gas constraint. In 2014,there were 1,179 heating degree days.This last February there were 809:It was the warmest February in five years.The cost in fuel was 6.15 cents per kWh in 2014 and 5.88 cents per kWh in 2018. Between 2017 and 2018 there was approximately a 16 percent increase in the embedded average fuel cost. In 2018 RMLD's average energy cost was$2.9 million compared to$2.5 million in 2017.There was approximately a$439.000 increase.The addition of hydro and contract price increases were the main causes of the increase. Financial Report- February 2018-Ms.Markiewicz- (Attachment 4) Ms. Markiewicz announced that she would be reporting on the first eight months of the fiscal year, ending on February 28,2018. Unrestricted cash of$15.3 million covers about two months of operating expenses. Accounts receivable are 97 percent current,with up to 90 days considered current.Net plant increased by$3.7 million as compared to February 28, 2017. Base revenue increased 1.1 percent year-to year but there was a 1.7 percent decrease in kWh sales from 2017 to 2018.There was a 1.8 percent decrease in base revenue as compared to the 3 i Financial Report- February 2018-Ms.MarkieWICs- (Attachment 4) budget. Purchased power fuel expenses exceeded purchased power fuel revenue by $2.2 million. Purchased power capacity and transmission (PPCT) expenses exceeded PPCT revenue by $412,000. Operating and maintenance expenses are currently under-budget by about 4.7 percent. Ms. Markiewicz then presented budgeted capital funds balances and budgeted capital spending from FY2018 through FY 2023. Each year has a beginning balance, the three percent depreciation, actual operating fund transfers,and bond proceeds and other proceeds.The goal is not to have capital improvement funds go below $1 million.Ms.Markiewicz discussed the projected net income as compared to RMLD's projected budgeted rate of return.There's a downward trend.which takes into account the proposed rate increases. Ms.Markiewicz then discussed the downward trend in kWh sold,and how it lies with our rate of return. Engineering and Operations Report-February 2018. Mr.JaRarl(Affachmenl 5) Mr. Jaffari announced that good progress Is being made. Most projects will be ending in the Iasi quarter of the fiscal year. Routine capital construction expenditures in February totaled$172.803, bringing the year-to-date to $978598. Total capital spending was $443,124 in February, bringing the year-to-date to $3,936,645, leaving a remaining balance of$3.748,876. Good progress is being made on routine maintenance. 193 poles have been replaced,and 178 transfers have been completed. RMLD is waiting on Verizon and Comcast. Chair Hennessyasked what can be done to expediate the double pole process.Mr.Jaffari replied that customers can call the two companies.Verizon and Comcast are aware of their backlog. Mr. Jaffari stated that Lynnf'ield has six pending pole transfers.North Reading has ten transfers and 35 pole butts to be removed, Reading has 25 transfers and 52 pole butts and Wilmington has 32 transfers and 4 pole butts. Mr. Jaffari reported that reliability is better than the national and regional averages. Causes of outages are well below five-year averages. RMLD Procurement Requests Requiring Board Approval-Mr.JaRari(Attachment 6) IFB 2018-36 Residential Energy Audits Ms. Parenteau explained that an invitation for bids was sent out to 17 companies.Three responded. The bid is lower than the current vendor by$7,300 over the three-year period. Energy New England will be producing a digital report for all audits performed,which will go directly to the customer as well as the RMLD. RMLD will have access to all collected data and will be a much more efficient process than what is currently In place. Mr.O'Rourke asked if the companies make their money exclusively an audits.Ms.Parenteau stated that the way it is currently set up, RMLD requests that the vendor doesn't make sales pitches. Mr. Pacino made a motion, seconded by Mr.Stempeck, that proposal 2018-36 for Residential Energy Audits be awarded to:Energy New England for$176,400.00 pursuant to M.G.L.c.30B,as the lowest responsive and responsible bidder,on the recommendation of the General Manager.This is a three-year contract. Motion Passed:5:0:0. IFP 2018-38 Pad Mounted Transformers Mr.Jaffari stated that these transformers are used in the subdivision upgrades and new construction. Mr.Stempeck asked if the developer would be paying the$10.000 difference.Mr.Jaffari replied in the affirmative. Mr.Pacino made a motion,seconded by Mr.Stempeck,that proposal 2018-38 for Pad Mounted Transformers be awarded to: WESCO Distribution. Inc. for$33,540.00 and Howard Industries, Inc. c/o Power Supply Sales Group for$74,089.00,for a total of$107,629.00, pursuant to M.G.L.c. 164 Section 56D on the recommendation of the General Manager. Motion Passed:5:0:0. IFS 2018-40 JanBorld Services Mr.Jaffari explained that the two lowest bids were from vendors who RMLD had previously had to end contracts with early. 4 IFB 2018.40 Janitorial Services Mr.O'Rourke asked for clarification on the contract details. Mr.Jaffari explained that this was to have the office cleaned every day.Ms.O'Brien stated that large areas were removed that just required sweeping because the vendors charged per square foot.That will be done in-house. Mr. Kelley asked Mr. Jaffari if RMLD provides the cleaning supplies. Mr. Jaffari answered in the affirmative. Mr. Kelley stated that Wilmington schools uses the some service. There were some communication issues, but a translator app solved the problem. - Mr. Pacino made a motion,seconded by Mr.Stempeck,that bid 201840 for Janitorial Services be awarded to: S.J.Services,Inc.,for$101,424.00,pursuant to M.G.L.,c.30B,as the lowest responsive and responsible bidder, on the recommendation of the General Manager. This is a three-year contract. Motion Passed:5:0:0. General Discussion Meeting dates were discussed. Adjournment 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 return to Regular Session for the sole purpose of adjournment. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. David Hennessy,Secretary Pro Tem RMLD Board of Commissioners 5 ELECTRIC VEHICLE PILOT PROGRAM ATTACHMENT 2 W 0 fie a w Z O g �W/I� >- o N V d N W >— O o CG LL a_ u CL — w d o co Q F— w o J U ' Q CN o Lu : v J Z ae Lu w w 0-1 o-- - - - m k � � � � � � « ° ( ` \ E � ƒ * § R $ m_ \ � n � % � Q \ � � � J � / 0 2 0 ƒ \ \ p � o � e � rn , § m � / � 7 \ � 7 = f q \ ) � U / / \ \ x = m @ a c J � \ � G \ G ; ƒ / \ / \ q / � _\ � \ / / q \ % � o \ E GAS VERSUS ELECTRIC FUEL PRICE 025.2 miles x 0.29 kWh x 0.16 $ = $1.169 per eGallon gallon mile kWh • Current average MA gas price is $2.949 per gallon $fkWh Rate Price per eGallon RMLD Residential TOU 0.13 $0.95 RMLD Residential • . Average IOU • . : Equivalent • • $2.92 Q I SAVINGS USING ELECTRIC FUEL gallon $2.949 • 100 miles x x = $11.70 = 25.2 miles gallon cost to drive 100 miles on gas • $ 1 ,404 annual spent on gasoline • 100 miles x 0.29 kWh x $0_16 = $4.64 = cost to drive 100 miles on electricity mile kWh $552 annual spent on electric fuel $ 1, 404 - $ 552 = $852 saved annually i • TYPES OF ELECTRIC VEHICLES Plug-in Electric Hybrid Plug-in Electric Hybrid Battery Electric Vehicle • Has both battery and Same characteristics as PHEV 100% electric conventional gas engine; except battery capacity Zero tail-pipe emissions • uses gas engine once battery PLUS indicates a battery is depleted capacity GREATER than 1 0 • Lower emissions Than kWh conventional gas-only vehicles � • Battery capacity less than 1 0 � kWh CHARGING BASICS • Many customers choose to charge at home using Level 1 or Level 2 charging facilities • Level 2 charging style is also known as "Destination Charging" 7 sofWas--level l AC Level 2WIllm D- . . . Description Household Charging. . . Charging Station Outlet Power Level • volts 240 volts 480 volts chargeRange to Charge 2-5 miles per 1 hr 10-20 miles per 1 hr 60-80 miles per 20 min Ratio charge . - b o6n3 . 4uioda5jDgD (,(Baau3 }o -Ida(] Sn) aaWa' oloQ slang aniaouaallV . a.io4SBnld . :so yens Sa:)inaaS 6uisn 6uijanaaj a)iyn^ p94o:)0l aq uo:) suoi4o4s 6ui6aoy' . sa6oaoO Bui�aod slol Bulliod :)ilgnd . saa4uaD BuiddoyS sla;oH . :lo puno} aq uoD puo aolndod aaow 6uiwoaaq am suopo4s BuiBaoy:) >ilgnd . alp GVOd 3H1 NO 0Nl0dVHJ . MAP OF RMLID TERRITORY in PtugShare °rv"aa Qei.a o r,. •: •.� r..0 (�Jj SWrn w.rlonr PwLQ v td 4mr!u ° rHro ® a �O O Pev.vnrm® �.,. om LYnn ,a......... ov rrr w .. . .. n�n. O r. 4d Crrca'.ev °MN.dlexr., Ly . .. •. Wrvnrua g0e[nbo StWaun � m..wr:u.. vsmem.rcw ..0 r...rwru. w SA39 009' L $ pup s+A3Hd ao} 000' L $ }o Waa6oad aAiluaDui �ojid s,(jIWM . aio4s aye 4no4Bnoaql sdigs.ialoap paaaul iod 4o s{uno:)sip paan:)as soq wDJf5Oad uaa.rf) anu4 a:)upijjy AbJau3 ssaW , al:)igaA }o ad/,I uo 6uipuadap 009'Z$ o} 000' L $ }o 94ag9a a104S A3-80W . Ajagoq }o (4i:)oda:) uo 6uipuadap OOSlL$ o} OOS'Z$ }o aipaaD xnl Iaaapa3 9 4 S3AIlN3DNI aNV S31d93d I / BENEFITS TO RMLD b • Average Level 2 charger uses between 200-300 kWh per month • Annual revenue between $300-$600 • Contributes to RMLD's "Be Efficient. Get Greener. Go Paperless" campaign • Updated residential EV charger rebate program encourages installation of networked chargers RMLD PLUG-IN ELECTRIC VEHICLE REBATE PROGRAMS Residential Customers Plug-in Electric Vehicle Pilot Rebate Program: June 1 , 2018 — October 31 , 2018 Electric Vehicle Ty New Used Hybrid000 : . 0• $1 ,500 *PHEV+ is a plug-in hybrid electric vehicle with an on-board batter capacity greater than 10 kWh. Updated Residential EV Charging Station Rebate: 1 OOV/o of equipment costs up to $500 for the home installation of a level 2 networked (or °smart) charging station Q I Plug-in Electric Vehicle MARKETING RIDE AND DRIVE EVENT Sunday, July 15, 2018 1o:oo am - 2:00 pm • Educational article series SWAIN GREEN Electrify Your Ride published in Middlesex Ave., Wilmington newspapers, the Patch, and on (across from the Town Common) Twitter To take place with the Wilmington Farmers Market • Info on billing envelopes and View an assortment of Plug-in Electric Vehicles Test drive a variety of EV makes and models Tal e m a i l s k to dealers,vendors and current owners l Get info on available incentive programs 1' Learn about rebates offered by RMLD • Enjoy snacks and enter our raffle! Ride and Drive Event: July 1 5th www.rmld.com POWER SUPPLY REPORT APRIL 2018 ATTACHMENT 3 BOARD OF COMMISSIONERS MEETING June 21, 2018 Jane Parenteau, Director of Integrated Resources REPORTING FOR APRIL, 2018 Capacity Requirement and Imbedded Costs April 2014 - 2018 245.000 $i6.0n e E 235.000 U D 225,000 u a Sin.na � 2x5.000 � Su.on E 205.000 S u.00 95.000 $1o,00 � i.:... 185.000 $9.00 05.000 mn eoq xn�x SN na 2014 ms jijjojo;—� Requirem[nt rsLssM1M1 za9,ixp zxq n9J .9zxxa ..z.aa� pex by Sin.x.5 $1,35 1..21 Sy.3x 5[f-SM1 Purchased kWh and Imbedded Cost per kWh April 5 year period 56,500,000 $0.0650 54,500,000 $0.0575 52,500,000 Y L 3 50,500,000 --- $0.0500 y Yd 48,500,000 - _ 50.0425 46,500,000 -- -- $0.0350 - _ 44,500,000 - - - . - $0.0275 2014 2015 2016 2017 2018 kWh Purchased 55,023,648 51,959,397 50,971,493 51,273,849 49,837,567 �imbedded$ per kWh $0.0615 $0.0499 $0.0357 $0.0384 $0.0434 Tranmission Costs April S,60,uuu 5 Year Period $900,000 $850,000 $800,000 ... -- --- . . $750,000 $700,000 2014 2015 2016 2017 2018 ■Total $ $884,256 $927,050 $834,561 $865,068 $911,175 To: Coleen O'Brien Fmrt1:-d^,(�Maureen McHugh,Jane Parenteau Date: ver June 8,2018 VVV Subject: Purchase Power Summary-April,2018 Energy Services Division(ESD)has completed the Purchase Power Summary for the month of April,2018. ENERGY The RMLD's total metered load for the month was 49,409,400,which is a 1.890/e decrease from the April,2017 figures. Table 1 is a breakdown by source of the energy purchases. Table 1 Arreet of CostM %&Taal Total$ Swot R... Energy Ere, Energy Cast. % (1,M) SIM.h) Milbtona$3 3,518,097 58.38 7.19% 122,822 1.05% Seebeck 5,720,880 $5.92 11418% 533,988 1.57% Storlyomok lnlermeliae 202,9o4 $92.72 0.41% $18.777 0.78% Skell E.W 7,418,000 $57.14 14.88% $423,711 19.59446 NYPR 1,974,142 $5.31 3.95% $10,535 0.49% N I. 0 50.00 0.00116 $0 0.00% ISO lntercleipe 12,475,288 $81.84 25.03% $108920 35.84% Noma Ce eslipn - 50.110 o.m% .559,324 -2.74% Coop Raaabe lam 110.5.45 0.03% $2,3115 0.11% EDF 1.852,800 E31.59 3.7296 558.528 2.71% Hydro Prgeals' 8,310,215 $87.90 12.79% 3432,51a 19.99% Brent.We...Ure 309,341 j 1614 0.82% $061552 3.09% Seddlebwk/Jericho Wire 2,014,800 $1110.40 4.10% 5205,2113 9.49% Communay Solar 083,337 373.19 133% $48,552 2.24% Eealon 7,2061000 $3053 1045% $203,002 12.18% Sto"brook NIIkln9 13,91a $191.95 0.03% $2,891 0.12% MontNy Taal 49,837,507 $43,41 100.00% $2,10394 103.00% 'Nppars5. Wor000eoMdieo M~.Tu W0Rel4eollin4 Aoei;eHoewy M1114 A4olnoolr Hydro Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for the month of April,2018. Table 2 Amount Cost %of Tom Resource of Energy of Energy Energy (kWh) ($IfyTvh) ISO DA LMP23,044,177 $52.48 46.24% Settlement RT Net Energy " (10,568,809) $41.11 -21.21% Settlement ISO Interchange 12,475,268 $61.64 25.03% (subtotal 'IMependae Syslem Opened,CWAheed Locelgnel Merylnel Pd. APRIL 2018 ENERGY BY RESOURCE Millrtnne 93 5nla� w.gecu I, 193% f.bd 1445% Se9bnwk SJdj.,hxk Il.d3% S[unYbnnd hnu. V41% d1l U 522 Shell Enngy 19.48% N.atLrJ U Mly, NYYA HVdm Prnjerts 96% 1278% ISO Intarchanae -eqqIMWA?5X13% IJOV rPSJI[S UD3Y, CAPACITY The RMLD hit a demand of 86,933 kW,which occurred on April 15,at 9 pm.The RMLD's monthly UCAP requirement for April,2018 was 222,431 Ms. Table 3 shows the sources of capacity that the ll utilized to meet its requirements. Table 3 Source Mtount(kM) Cost($/kW-month) Total Cast$ %o/Total Cent N§Iletone#3 4,950 24.60 $122,76£ 5.84% Seabrook 7,909 18.90 $149,509 7.12% Stonybrook Peaking 24,980 1.95 $48,591 2.31% Stonybrot,k CC 42,925 3.34 $143,494 6.83% NYPA 0 0.00 -$17,969 -0.86% 1-ly0ro 0uetlec 0 0 -$34,012 -1.62% Saddleback 0 0 -$23,254 -1 11% Bwinlree Walk.Una 0 0.00 $41,546 1 98% ISO-W Supply Auction 141,667 1119 $1,670,544 79.50% Tidal 222,431 $9.45 $2,101,216 100.00% Table 4 shows the dollar amounts for energy and Capacity per source. Table 4 Goold %d AmldE.W P. Mo... E.My Capacdy Total cast Total Cost (kWh) ($kWh) Millstonea3 $2$822 $122,788 $145,588 341% 3,578,097 0.0407 Seabrook $33,889 $149,509 Sie33n 4.30% 5,720,888 0.0321 Stanytho Intehredials $16,7n $143.494 $160,271 375% 202,804 0.7903 Hyden Quebec $0 434,012 -$34,012 -()M% - 0.0000 Shell Enerl $423,717 0 $423,717 994% 7,416,000 0.0571 N.IEWEDF S0 SO $0 0.00% - 0.0070 e NYPA $10,535 -$17,969 -S7,434 417% 1,974,142 -0.0038 ISO Wemhen9e $768,920 $1,670,W $2,439,464 57.20% 12,475,268 0.1955 Nem.Canoesbon -$59,324 W -$59,324 -1.39% - 0.0000 EDF $58,528 W 556528 1.37% 1,852,800 0.0318 4 Hydro Projects $438,518 50 $432,518 10.14% 6,370,215 0W79 Bwinlroe Watson Unit 466,862 $41,548 -525,315 a59% 309,341 4,0618 • SedNebaeklJencM $205,283 -523,254 $182,029 4.2796 2,044,800 0.0890 4 B.rin9t.n 8 Community Sa4r 549,552 30 34x552 1.14% 683.337 0.0732 Coop Resales $2.365 SO $2,385 0.013% 16,259 0.1455 Eldon Enety $283,002 50 $263,002 8.17% 7,200,000 0,0385 Slonybmok Peakilp 32,694 543591 $51,285 1.20% 13,818 37115 MoWNy Total $2,153394 $2,101,218 54,284,610 10000% 49,837,587 0.0858 *Renewable Resources;per RMLD Board Policy,any RECs are sold to otrwh energy seek for all catheters. RENEWABLE ENERGY CERTIFICATES (RECO Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through April,as well as their estimated market value. Table 5 RECe Sumrmry Period- January 2018-April 2018 Banked Projected Total Est. RECs RECs RECS Dollars Wwenaw 1,491 2,479 3,970 $2),416 P.'Parel1 461 1,190 1.651 $11402 Indian Rlrer 841 1,193 80M $14,047 Turnersraas 531 749 1,380 $9,530 Saddlekxa 4,108 7,554 11,662 $80,538 Mrldw 24% 5,703 8,199 156,623 Subtotal 10,028 18,868 28,896 199,557 REM,5ok1 — —. ._ 0 $0 Grand Total 10,028 18,868 28,896 $199,557 TRANSMISSION The RMLD's total transmission costs for the month of April, 2018 were$911,175. This is a decrease of 1.73% from the March transmission cost of$927,237. In April, 2017 the transmission costs were $865,068. Table 6 Current MoMR Leat MwNB Last Year Peak Demand(kW) asap 90,379 90,372 EneW h Wh) 49,837,567 64,926,092 51 273,849 Energy(S) $2,163,394 8.66a,848 $2,246,093 capacity($) 8,101216 $1,ammo $1,4ao,01 Tremmiseian(5) 5911,175 $927237 5865,068 TOlal $5,175,785 $5,465,722 $,591,243 FINANCIAL REPORT APRIL 2018 ATTACHMENT 4 FINANCIAL REPORT APRIL 2018 Presented June 21, 2018 $20,00000 Operating Cash in Relation to Operating Expenses $18,000,000 FY18 July 2018 through April 2018 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 July AU 1, SEP OC! NOV DEC IAN PEN MAP Operating Cash at year end —Monthly Expenses Plant Summary $1,286,675.17 , 1.66% as of Structures and Improvements, $10,830,750.01, 13.97% April 30, 2018 Equipment and Furnishings, $12,899,467.58, 16.64% Infrastructure, $52,513,617.02,67.73% . Land a Structures and Improvements . Equipment and Furnishings * Infrastructure Plant Comparison July-April FY14 through FY18 $50,000,000.00 $40,000,000.00 $30,000,000.00 $20,000,000.00 $10,000,000.00 $0.00 Land Structures and Improvements Equipment and Furnishings Infrastructure ■FY14 through April ■ FY15 through April ■FY16 through April ■FY17 through April ■FY18 through April Year to Date Operating and Maintenance Expenses July 2017 — April 2018 (10 months) April 20,000.000 March 18,000,000 Feb 16,000,000 Jan 14,000,000 Dec 12,000,000 Nov 10,000,000 8,000,000Ott 6,000,000J#Aug t 4,000,000 2,000,000 Yearto Yearto Date Date Actual Budget ■July $1,327,675 $1,847,088 ■Aug $2,859,053 $3,694,177 ■Sept $4,548,252 $5,541,265 ■Oct $6,385,102 $7,388,354 ■Nov $8,282,985 $9,235,442 ■Dec $10,239,188$11,082,530 ■Jan $12,962,188$12,929,618 ■Feb $14,103,851$14,776,706 ■March $16,458,083$16,623,794 ■April $18,447,913$18,470,880 Town of Reading,Massachusetts Municipal Light Department Statement of Net Assets Apnl 30,2018 2018 2077 ASSETS Current: Unrestricted Cash $ 16,809,424.80 $ 16,732,601.94 Restncted Cash 29,398,890.06 23,163,230.55 Restncted Investments 1,329,906.48 1,345,663.06 Receivables,Net 9,940,793.55 9,280,239.74 Prepaid Expenses 1,308,267.72 1,211,554.34 Inventory 1,506,783.76 1,747,116.76 Total Current Assets 60,294,046.37 53,480,406.39 Noncurrent: Investment in Associated Companies 212,427.92 144,418.75 Capital Assets, Net 77,530,509.78 74,553,612.61 Total Noncurrent Assets 77,742,937.70 74,698,031.36 Deferred Outflows-Pension Plan 4,135,078.00 6,338,218.00 TOTAL ASSETS 142,172,062.07 134,516,655.75 LIABILITIES Current Accounts Payable 10,475,233.14 8,308,638.70 Accrued Liabilities 570,638.88 521,307.43 Customer Deposits 1,166,545.16 1,059,852.38 Customer Advances for Construction 1,553,636.97 1,113,504.74 Total Current Liabilities 13,766,054.15 11,003,303.25 Non-cunent Accrued Employee Compensated Absences 3,150,134.05 3,257,809.00 Net OPEB Obligation 138,068.00 0.00 Net Pension Liability 13,076,538.00 8,833,549.00 Total Noncurrent Liabilities 16,364,740.05 12,081,358.00 Deferred Inflows-Pension Plan 714,888.00 883,172.00 TOTAL LIABILITIES 30,845,682.20 23,977,833.25 NET POSITION Invested in Capital Assets, Net of Related Debt 77,530,509.78 74,553,612.61 Restricted for Depreciation Fund 4,784,537.48 3,735,499.09 Restricted for Pension Trust 5,683,014.26 0.00 Unrestricted 23,328,318.35 32.249,710.80 TOTAL NET POSITION 111,326.379.87 110,538,822.50 Total Liabilities and Net Assets $ 142,172,062.07 $ 134,516,655.75 1 Town of Reading, Massachusetts Municipal Light Department Schedule of Cash and Investments April 30,2018 2018 2017 Unrestricted Cash Cash-Operating Fund $ 16,805,924.80 $ 16,729,601.94 Cash-Petty Cash 3,500.00 3,000.00 Tolal Unrestricted Cash 16,809,424.80 16,732,601.94 Restricted Cash Cash-Depreciation Fund 4,784,537.48 3,735,499.09 Cash-Town Payment 3,284,991.70 3,167,223.30 Cash-Deferred Fuel Reserve 4,100,833.65 5,351,992.27 Cash-Rale Stabilization Fund 6,965,780.99 6,868,426.03 Cash-Pension Trust 5,683,014.26 0.00 Cash-Uncollectible Accounts Receivable 200,000.00 200,000.00 Cash-Sick Leave Benefits 1,872,372.29 1,959,101.17 Cash-Hazard Waste Reserve 750,000.00 150,000.00 Cash-Customer Deposits 1,166,545.16 1,059,852.38 Cash-Energy Conservation 590,814.53 671,136.31 Total Restricted Cash 29,398,890.08 23,163,230.55 Investments Sick Leave Buyback 1,329,906.48 1,345,663.06 Total 2 Tom of Reading,Massachusetts Municipal Light Department Capital Funds April 30,2018 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 54,085.27 DEPRECIATION TRANSFER FY 18 3,588,324.20 WEST STREET-MASS DOT FINAL PAYMENT 43,056.31 TOTAL SOURCE OF CAPITAL FUNDS 9,792,434.93 USE OF CAPITAL FUNDS: ADDITIONS TO PLANT THRU FEBRUARY 2018 TOTAL USE OF CAPITAL FUNDS 5,007,897.45 GENERAL LEDGER CAPITAL FUNDS BALANCE 2/28/18 4,784,537.48 3 Town of Reading,Massamusetls Munidpal Light Bepartment Statement of Revenues.Expenses and Granges in Fund NN Msets Apd13,2018 Monty Monty Year to Date Year fo Bate Peron Operating Revenue Current Year teat Year Current Year Lest Year C4marge Base Revenre $ 2,022,572.10 It 1,967,986.05 It 21.902,089.11 $ 21,500,013.62 1.1% Fuel Revenue 2,872,585.91 2,515,317.41 25,501,390.98 20,651,294.89 110.7%) Pumbesed Prover Capacity B Transmission 3,260,120.58 2261,243.85 33140.474.66 2&205,973.31 17.5% Farlalted OismuMs 0,33(1.55 55,010.63 701 715,82914 (1.8%) Energy Conservation Revenue 49,611 49,72290 550.738.1" 563,582.87 (2.3%) NYPA Credit (142,208.81) (102989.58) 1102]593.85) (98318127) 45% Tefol Operating Revenue 8,123,101 55 ,7bpB9.28 80,050,1529] 78.013.59218 2.8X Expenses Fel Expenes: 555 PurClasad Power Fuel Expense 2,10,60.5.35 2,240,093.01 26,325,029.81 2,419,007.02 (4.0%) 555 Pumnadal Power Capedty 210,01757 1,023,055.51 21,334,93718 16.81 585 Pureased Pi Trane.iselon 911,175.30 885,060.44 11,]0],38015 t0.8H,7J].82 7.0% Total Purchased!Power 5,181,]98.22 4.134,216.9fi 59,38],33882 54,218,180.85 9.5% Operations and Maintenance Expenses: 580 Superviaien and Engireerin0 43,204.23 47.M.00 495,400.42 352,304.47 40.6% 581 Station Supervisor 11119851 13,65613 131,1]8.20 120,248.51 9.1% 581 Line General 82,80884 ]9,62].04 5],562.]1 571,338.38 (0.1%) 502 Cent.l Rao. 43115.13 31,147.90 355,228.30 374,281.05 (5,19t) SBS Street Lghi 25.736.99 0,188.00 114,185.08 160,452.49 (28.8%) 580 Meter General 0,12813 24,1001!1 19019RI.96 181,813.60 5.2% Me Materiab Management 3],18].38 4,50(t.08 48209394 382.437.05 20,8% 590 Malntererce d Structural and Equipment 41,988.08 97,938.64 423,]33.42 400.38].06 (00%) 5931deintererceaf Lines-Cveshaw 23,909.44 1081938.51 1,574.8]2.]3 1,590,31 (1.0%) 594 Maintenance of Lines-Underground 1,523.02 6,529.20 5,318]5 205.478.51 (72.6%) 595 Maintenance of Lire Transformers 23,75731 119"li 2,387.28 320.8% Total Coati and Maintenance Expenses 550,078.42 481123.74 4,493,784.81 4.427,314.39 1.5% General$Administration Expenses'. 902 Meter Readire 941.51 801.61 30,24778 18,002.99 BBD% 903 Customer Coluesmons 127.18182 148,769.25 1,382,095.81 1,340,409.46 39% 904 Uncollectible Amounts 12,MD.00 12,500.00 125,000,00 125,000.00 010% 916 Energy Aud4 47,014.95 W,750 22 3g4,88D.52 431,259.01 (8,4%) 910 Energy Conservetlon 25,243.49 31,82889 562,857.55 809,864.00 (71%) 920 Administrate,ant Geneml Salaries 70,213.14 95,72,10 897.419.42 802384.64 11.8% 921 O1fim Supplies;and Expense 3,44714 29,M7M 2214281 261,]1].54 6.1% 923 Outsitle Serv'Iwa 39,211.61 124,433.80 Ni 51,145.98 20.1% 924 Pmpeiy Insurance 28,312.95 8!"429 281,971.50 29.292.78 1.0% 9251njWes and Damages 5,409.2 6,948.13 53,544.28 53,835.12 (0.2%) 926 Employee Pensions and Bell 431,80737 36,392.68 3,39],]52.40 3.0M,950.48 10.6% 930 Mismllereeu,General Expense 2701897 5,550.18 107.418.99 115,428.17 (8.9%) 931 Rent Expense 18,300.2 1,132.92 165,329.94 140.Mw 11.1% 933 Vehicle Expense 2,21759 (32.12187) 230.42418 - (100.0%) 933 Venide Expensa-Capital (20]54.00) - (283,295.45) - 100.0% 935 Mainfonence 0 General Plant 50,164.91 15,57011 33,04986 234,371.09 43.0% 935 MalnRrenm of BuIMly B Connote, 4],55].74 53617.50 lt55631.15 4&230.65 03% Total General B Mministrabon Expenses 974,06723 941,133.80 9,120.82,42 815171444.39 7.2% 4 Town of Reading,MassacNueaBa Municipal Light DeparlmeM Statement W Revenues,Experues and Charge.in Fund Net Aseab April M,2018 North Month Year to Dow Year to Date Pendent Curren Year Lial Year Current Year Last Year Change Other Operating Expeneas: 403 Depreciation 358,032.42 341,]]5.87 3.50,320.20 3,417.TML0 5.0% 408 Voluntary Payments m Toweat2B0 6] 118000.00 123]1]5.0 195,3]200 5.3% pe Total Other Expenses i=41 0.89.]75.67 4,825,498.88 4,593,128.70 5.1% Operating Income 951,03.59 ]5,240.99 3,034,903.54 ],05].524.03 (57.0%) Non Opereliig Revenue(Eapenaee): 419 Interest Income 21,041.0 13,749.20 2011050.45 129,075.17 55.8% 419 Other 1,80038 40,251.28 749,445.51 528,815.02 418% 428 Retum on Imeslmenl to Reading (301,80.50) (190.]22.33) (2,016,05.00) (1,987.M.32) 1.5% 431 Intended Expense (41637.06fi) 33(33,.8189..3274)) 180.2% TOUT Non Conrad,Revenue(Epdrde9) (144 (1.4= 1,0 p (1, 119.2%1 Chin0e In Net Asselea 72,009]2 605,30.57 1,958,320.0.. 5,24.33538 (85.8%) Net Assets at Beginning of Year 109.389.059.44 104,814,07.24 109,3fi8,059.44 104.014,07.24 4.3% Ending Net Aseets O.m 5 Town of Reading,Massachusetts Municipal Light Department Statement of Budgeted Revenues,Expenses and Changes in Fund Net Assets ApHI 30,2018 Actual Bud" Remaining Remaining Year to Dale Full Year Budget Budget% Operating Revenue Base Revenue $21,902,089.11 $ 26,337,621.00 $ 4,435,531.89 16.8% Fuel Revenue 25,581,390.98 32,491,810.00 6,910,419.02 21.3% Purchased Power Capacity 33,140,474.66 38,088,978.00 4,948,503.34 13.0% Forfeited Discounts 703,053.30 800,000.00 96,946]0 12.1% Energy Conservation Revenue 550,738.77 675,000.00 124,26123 18.4% NYPACredit (1,027,593.85) (1,200,000.00) (17240fi.15) idA% Total Operating Revenue 80,850,152.97 97,193,409.00 16,343,256.03 16.8% Expenses Power Expenses: 555 Purchased Power Fuel Expense 26,325,029.81 31,291,810.00 4,966,780.19 15.9% 555 Purchased Power Capacity 21,334,937.]6 24,476,161.00 3,141,223.24 12.8% 565 Purchased Power Transmission 11,]07,388.]5 U1,3 12117611 1,905,448.25 14.0% TDWI Purchased Power 59,38],336.32 fi9,380,]88.00 15 13 01.0 14.4% Operations and Maintenance Expenses: 580 Supervision and Engineering 495,400.42 764,615.00 269,214.58 352% 581 Station Supervisor 131,176.26 130.662.00 (514.26) (0.4%) 581 Lire General 570,562.71 596,007.00 25,444.29 4.3% 582 Control Room 355,228.36 466,783.00 111,554.64 23.9% 585 Street Lighting 114,185.08 156,893.00 42,707.92 27.2% 586 Meter General 190.970.98 212,99.00 21,938.04 10.3% 588 Materials Management 462,093.94 458,328.9 (3,765.94) (0.8%) 590 Maintenance of SWctures and Equipment 423,733.42 494,936.00 71,202.58 14.4% 593 Maintenance of Lines-Overhead 1,574,672.73 1,980,611.00 405,938.27 20.5% 594 Maintenance of Lines-Underground 56,31635 197,002.00 140,685.25 71.4% 595 Maintenance of Line Transformers 119,444.18 39,O9.OD 180,555.82 602% Total Operations and Maintenance Expenses 4,493,784.81 5,758,746.9 1,264,961.19 22.0% General&Administration Expenses'. 902 Meter Reading 30,247.76 37,461.00 7,213.24 19.3% 903 Customer Collection 1,392,095.67 1,869,393.00 477,297.33 25.5% 904 Uncollectible Acceunis 125,09.00 150,000.00 25.000.00 16.7% 916 Energy Audit 394,860.52 509,232.00 114,371.48 22.5% 916 Energy Conservation 562,857.55 952,565.9 389,707.45 40.9% 920 Administrative and General Salaries 97,419.42 1,017,151.00 119731.58 11.8% 921 Office Supplies and Expense 277,742.81 350,09.00 72,257.19 20.6% 923 Outside Services 684,579.18 79,191.00 74,611.82 9.8% 924 Property Insurance 281,971.58 427,29.00 145,228.42 34.0% 925 Injuries and Damages 53,544.26 52,613.00 (931.26) (1.8%) 926 Employee Pensions and Benefits 3,397,752.40 3,09,437.9 (397,315.40) (13.2%) 930 Miscellaneous General Expense 107,416.9 179,215.9 71,798.01 40.1% 931 Rent Expense 165,329.94 212,09.9 46,670.08 22.0% 933 Vehicle Expense 230,424.78 381,116.00 150,691.22 39.5% 933 Vehicle Expense-Capital (263,295.45) (301,596.9) (38,39.55) 12.7% 935 Maintenance of Geneml Plant 335,049.86 281,89.00 (53,169.86) (18.9%) 935 Maintenance of Building&Gamge 455,631.15 69,457.9 210,825.85 31.6% Total General&Administration Expenses 9,128,628.42 10,544,315.9 1,415,686.58 13.4% 6 Town of Reading,Massachusetts Municipal Light Department Statement of Budgeted Revenues,Expenses and Changes in Fund Net Assets April W,2018 Actual Budget Remaining Remaining Year to Date Full Year Budget Budget% Other Operating Expenses: 403 Depreciation 3,588,324.20 4,362,000.00 773,675.80 17.7% 408 VduMaryPayments to Towns 1,237.175.68 1,500.000.00 262,824.32 17.5% Total Other Expenses 4,825,499.88 5,862,000.0 1,036.500.12 11.71 Operating Income 3,034,903.54 5,647,560.00 2,612,656.46 46.3% Non Opembrg Revenue(Expenses): 4191ntereatlnconne 201.058.45 150,000.00 (51,058.45) (34.0%) 419 Otherincome 749,445.51 890,000.00 140,554.49 15.8% 426 Return on InvesSnenl to ReadinglLoss on Disposal (2,018,475.0) (2,570,438.00) (553,963.00) 21.6% 431 Interest Expense (10612.07) (2500.00) 8112.07 (324.5%) Total Non Operating Revenue(Expenses) (1078583.11) (1532,938.00) (458.354.89) 29.8% Net Income $ 1,958,320.43 $ 4,114,622.00 $ 2,156,301.57 52.4% 7 ENGINEERING & OPERATIONS REPORT APRIL 2018 ATTACHMENT 5 Engineering & Operations Report RMLD Board of Commissioners Meeting June 21 , 2018 April 2018 Reporting Period Hamid Jaffari, Director of Engineering & Operations Engineering & Operations Capital Improvement Projects 100 Distributed Gas Generation Pilot(Demand Monagement) 100% 584,960 (584,960) 102 Pod-mount Switchgeor Upgrade at Industrial Parks 25% 54,789 327,739 196,285 (131,454) 103 Grid Modernization and Optimization On-going 26,7M 300,314 227,183 (73,131( 105 New Wilmington Substation 6% 4,313 47,180 650,000 602,820 106 Underground Facilities Upgrades (URDs, Manholes, etc.) On-going 124,797 344,725 219,928 107 13.8kV Upgrade (Step-down Areas, etc.) On-going 1,774 71,466 70,851 (615) 108 115 kV Transmission Line Upgrade 50% 144,546 95,098 (49,4481 109 35 kV Underground Coble Upgrade Station 4. 5 and RR ROW 33% 6'300 60,561 206,811 146,256 110 4W9 Getaway Replacement -Station 4 100% 131,611 - (131,6111 III Substation Equipment Upgrade On-going - 50,218 50,218 112 AMI Mehl Network Expansion On-going 65 120.311 120,246 116 Transformers B Capacitors On-going 68,204 341,713 560.500 218,787 117 Meter Purchases Ongoing 15,963 60.000 44,037 125 GIS 100% 1,551 141,580 218726 77,146 126 Communication Equipment(Fiber Optic) On-going 214,629 214,629 130 Remote Terminal Unit RTU) Replacement -Station 3 100% 27,164 127,164) 131 LED Street Lights Upgratle-All Towns 11 33,150 632,533 1,169,332 536,799 133 Station 3: Relay Upgrades and SCADA Integration 100% 1,030 27,518 76,103 48,585 137 Pole Line Upgratle-Woburn Street (West to Concern).W 50% 46.061 54.640 200.284 145,644 138 Station 3 Reactors 100% 162,295 561,347 399,052 75 Pole Replacement Program On-going 13,806 74352 209,0170 133.648 458 Secondary and Main Replacement Program On-going 54 77,156 222.285 145,129 various New Service Installations(Residential/Commercial/lntlustrial) On-going 12966 117,096 155.936 311,1940 Engineering & Operations Routine Capital Construction Description Pole Setting/Transfers 1,911 195,066 Overhead/Underground 23,893 286,970 Projects Assigned as Required 1,472 161,901 Voltage Regulators Pole Damage/Knockdowns- Some Reimbursable 1,146 88,433 • Work was done to repair or replace one (1) pole. Station Group 166 12,886 Hazmat/Oil Spills - 7,546 Porcelain Cutout Replacement Program - - Lighting (Street Light Connections) - 22,578 Storm Trouble 2,707 143,389 Underground Subdivisions (new construction) • Barton Estates,Reading 21,256 95,115 • Nichols Street Extension,North Reading Animal Guard Installation - 415 Miscellaneous Capital Costs 20,974 190,764 • CVS - 12-20 Main Street,North Reading TOTAL $73,525 $1,205,063 Facilities, IRD and IT Capital Projects/Purchases Facilities $5,563 $167,120 $657,000 $489,880 I ntegrated Resources Division (I RD) - $48,030 $35,000 ($13,030) Information Technology (IT) $8,123 $121,433 $340,000 $218,567 TOTAL CAPITAL SPENDING YTD (All Divisions) $411,963 $5,007,896 $7,685,521 $2,677,625 Routine Maintenance w Transformer Replacement (through April 2018) Pad mount 29.02% Overhead 20.34% Pole Inspection (asof6/8/2018) 198 poles have been replaced 182of 198 transfers have been completed w Quarterly Inspection of Feeders (asof6/15/2018) Inspected Circuits(Apr-Jun): 3 W5,3 W6,3W13,3 W 15,4W5,4W7,4W10,4W16,4W18,4W30 w Manhole Inspection (through April 2018) 961 of 1 ,237 manholes have been inspected. w Porcelain Cutout Replacement (through April2018) 91%complete 242 remaining to be replaced Routine Maintenance (continued) w Tree Trimming Apr: 18 spans YTD: 843 spans through April Substation Maintenance Infrared Scanning —through April 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), Cherokee Lane (W), Nichols Street (NR) Double Poles Town of Reading me Ownership: Junaoiction Ownership: 16,000 (approximately) 50% RMLD \ �` 50% Verizon J \I Reading - split (see map) MMOMMM� North Reading - RMLD - Lynnfield- Verizon . jWilmington- Verizon b 71 NJUNS -'Next to Go" as of June 14, 2018 WILMINGTON NORTH READING READING Cooked Count of Millet LVNNFIELD Ticket Counted N3GW.Wl Nk Type rlulnber Countof NTG Member and JobType Number Ticket -CMCTNR M Ticket CMCTNR 10 NTG Member and JobType Number - Co asa4Ausetts TRANSFER 70 NTG Member and lobType Number ', Comort MassacM1usetts CMCTNR 3 -CMCTNR 2 TRANSFER 10 -Comcast Massachusetts -Comcast Massachusetts TRANSFER 3 'NVIPMA 5 TRANSFER 2 xoirlaaMdpaxng 3rd PaM Attache,-Manacituse. -EMEGED 25 TRANSFER 5 -North Reading Fire Department -NP3PMA 4 -LFLDFD _-- 6 TRANSFER 25 Non-participating 3rd Party RMre -Lynnfield Fire Department -Attacher-Massachusetts -Readlne Municipal aaM Department TRANSFER 6 TRANSFER 4 TRANSFER 35 -NOW 5g Puu PolE a -Reading Municipal Eight Department -RMLD 21 TRANSFER 30 Vial 1 -Reading Municipal Light Departent PULL POLE 49 -RDNGFD 5 -yedzan MasarNusetnauslnea -Reading Fire Department TRANSFER 1 TRANSFER 20 PULL POLE 1 TRANSFER 5 -WNEDN 16 -VZNEDR 8 -Vachon MasaM1usens '(blank) -Verizon Massachusetts RMLD 81 TRANSFER 14 Grand Total 39 TRANSFER d Reading Municipal Light ON,partment PULL POLE 2 TRANSFER 27 (blank) PULL POLE 54 "WLMF16 12 Grand Total 102 -Tavm 41 Wilmington TRANSFER 12 (blank) ,(blank) Grand Total 93 Grand rata1 las RMLD Reliability Indices MinuteSAIDI2013.2018 gninaea CAIDI2013-2018 na. 11 1WOO 90.36 %an I2013 SOW 02A8 0134.18 70M �tM3 1A0 001 2014 FQ 00 .M14 SDx00 50.W Ms I'll EaY 1M1mFo10 X00 �IOIS aaaalxgFII11 GY1niNm14 WOO .2016 30.W J110ijilL JYIDIEFfErylnresnd0 �W X201] 20M on&=M . — , 7DEEEtlla 20W [�2018YID ]Oa0 m 201JI1e' Awl 000 V age 2(1332014-201510162017-2010 —20178egiW Average D.3 2013 M14 MIS 2016 2017 2018 —2012 Mahoml buwye —!Ol/National AFerage 491.14 Avnye SAI01 Awrye GIDI SAlDI (atrJada)—rotas Duratmn oJCuuome. Imemlpa oro Gp2t<Ntwe)�romllhvmrono/cwromv,rmvnua. rorty I✓ulRAo oJCuslwrNn Sa wd Ta2d.Yumda.of Cesromna InwF aarvm Nab: Them Mereni(ME)mreshaaabwsamiuvtaremoreaula that SAIFl 2013-2018 exceed tM1e EEE a hely to un av b to g h o e sier on cWo tosevere we0t11N.w11K11COn IeOOIOUWSVCfy AM9 WIO¢5�1<OOIOOIIIOr110yWr OSU tl61rAUlbn sysler�fslypi[OlWloge. 0w OA X203 070 065 g11111112014 O.O o.w OM e11111120,15 S1G7-TomzAMsgo�'Cuwwn/Jdmlgmlc 0.40 -.- .2M6 ZoJdMwbn of MbyresSmd 0.30 X2017 0.20 a1 �zmevrD 0,00 2017 8egon Average 2013-20]4.2015.236.2017-2028 —2017 WUOnal Avenge Note: Regional and national averages have been updated for 201]. Average SAIFl ". Causes of Outages as of April 2018 ro Di 59 57 EMnual Average 2013-1017 ■2018 Year Date 0 �0 3 7 g L ID & —D1 0 0 Epuipment 7'. Wiltllih WhOe WeaMer Urb n V IkV NaWrA Pover K[iJent Human S PN Errar Questions ? 4 BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED TOM OF READING MUNICIPAL LIGHT DEPAATYENT Jumd6 MTS COYPARIEONE AEADWO E EWAOUNOM.TOWNE NOVETR L.TONI AMDEN9AL REECENTLLL-TOU REL NOT WATER COYYERDYL SPALL COYYERC. SCROM RATE IOEfM A.. TE.AMY If00 ANTY IWEYRT% I,iN ANTI I.A.MMM1 CPS LANE TIC...AW IM-1 IECH.$W. MY00 AS CH-P! I....AW pAmmp OOA AW OPPARA ..'I.ESI. REAOINO MUNICIPAL LIGHT DEPT. TOTAL BILL 6154.28 $236.12 511542 $1,11646 $222.74 15,851.60 $869,634.90 PER HA'M CHARGE $012971 $015895 50.18687 50.152" $020624 50.16882 50.12349 NATINNAL OAC TOTAL BILL $129.61 $566.22 6154.74 $1,12541 $212.34 $5,993.92 61.296.134.29 PER AREA CHARGE 50.12281 SO 22181 50.16924 50.18162 MM124 50.12125 50.1545 %O1PM..C. 354% ".99% 333% 1174% .242% 192% 2791% EVERSOURCEINSTARI TOTAL BILL $165.61 1565.07 5291A1 11291.50 126342 $7,675.12 11,105.145.27 PER AASH CHARGE 5024774 10.19222 50.24511 10.198114 3024428 30.21037 0.16054 %DO4RINC5 2188% 2135% 47.95% 22.0% 1844% b"% 30,09% PEAWOV YU..fLL LIGHT PLANT TOTAL Bu 46.07 6154.13 $104.71 1991.4 1144.35 S4A99A0 1296.362.4 PER RASH CRMO. SO11342 50.10275 50.10471 60.12421 04.11214 50.1201 5048154 .BASS ENCS 48.89% -X35% -36.82% -23.53% -35.20% -10.11% .'19.92% MANDATOR MUNICIPAL LIGHT DEPT. TOTAL BILL $91.74 1201.54 $132.74 $329.61 1161." $4,71245 1102,171.40 PER A.CR... 50.111M 60.134" 50.13275 50.13144 30.155M 50,13545 10.11733 %DIFFERENCE 2824% 1542% -1997% -19.00% 2418% 14.21% 399% WRREPWLOYVRCIPALWHTDEPT. TOTAL BEL 6115.51 $242.17 512941 $1,267.64 6199.71 56.91041 11,907.04.30 PER AM CHARGE 0.17618 SO ISS" $0.18185 50.12u2 50.18499 50.15M2 50.14848 %IR RRRMOE -I'M 382% 061% 8.05% .1010% 6.46% 1829% From: Tr2Lv 5Qhul� To: RMLD Boartl�roi;"David Henn Subja: RE:AP Wann nLs and Payroll Date: Monday,lune 18,2018 8:29:00 AM `Please disregard 5.12.18 Payroll. There were no questions on the 6.11.18 Payroll. From:Tracy Schultz Sent: Monday,June 18, 2018 8:12 AM To:RMLD Board Members Group<RMLDBoardMembersGroup@RMLD.com>;'David Hennessy' <davidhen nessy@gma i l.com> Subject:AP Warrants and Payroll Good morning, 5.4.18 AP There was a Commissioner question about who in Accounting identified an instance of overbilling. 5.11.18 AP There was a Commissioner question about what services a vendor performed. 5.14.18 Payroll There was a Commissioner question about tuition reimbursement and employee titles. 5.18.18, 5.25.18, 6.1.18, 6.8.18 AP. 5.29.18 and 5.12.18 Payroll. There were no Commissioner questions. This e-mail will be included in the 6-21-18 Board Book. Tracy Schultz Executive Assistant Reading Municipal light Department 230 Ash Street. Reading. MA. 01867 Tel: 781.942.6489