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HomeMy WebLinkAbout2009-08-26 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 August 26, 2009 Start Time of Regular Session: 7:35 p.m. End Time of Regular Session: 9:40 p.m. Attendees Commissioners: Mary Ellen O'Neill, Chairman Philip Pacino, Secretary Staff: Vinnie Cameron, General Manager Jared Carpenter, Energy Efficiency Engineer Jeanne Foti, Executive Assistant Jane Parenteau, Energy Services Manager Citizens' Advisory Board: Arthur Carakatsane, Chair Richard Hahn, Vice Chair Ellen Kearns, Commissioner RECEIVED JOW CLERK REi4kDI G. ~I raSS, 2001OCT-I All*4b Beth Ellen Antonio, Human Resources Manager Laurie Cavagnaro, Customer Service Manager Robert Fournier, Accounting/Business Manager Kevin Sullivan, Engineering and Operations Manager Introductions Chairman O'Neill polled the Board to see if there were any changes to the agenda as presented for this evening's meeting. There were no changes to the agenda. Chairman O Neill introduced Citizens' Advisory Board, Chair, Arthur Carakatsane. °resentation - Smart Grid - Mr. Sullivan and Mr. Carpenter - Attachment 1 airman O'Neill stated that Mr. Sullivan and Mr. Carpenter would be making the presentation on Smart Grid. Messrs. Sullivan and Carpenter gave their presentation on Smart Grid. Discussion ensued. Chairman O'Neill thanked Mr. Sullivan and Mr. Carpenter for their presentations. Approval of June 24, 2009 Board Minutes Mr. Pacino made a motion seconded by Mr. Hahn to approve the Regular Session meeting minutes of June 24, 2009 as corrected. Motion carried 4:0:0. Approval of July 29, 2009 Board Minutes Mr. Pacino made a motion seconded by Mr. Hahn to approve the Regular Session meeting minutes of July 29, 2009 as corrected. Motion carried 4:0:0. Ms. Kearns stated that she wanted to go on record that the minutes are down to four pages that are readable and understandable. General Manager's Report Mr. Cameron reported on the following: NEPPA Conference September 20 to September 23. eading Street Fair - September 13 - RMLD will have a conservation booth. The audited financials will be ready for the next meeting. The RMLD Board's Audit Committee in conjunction with Town of Reading Audit Committee will meet to go over the RMLD's financials in advance of the meeting. The Department will get back to the Board on the scheduling of Committee meetings. Regular Session Meeting Minutes 2 August 26, 2009 Mr. Pacino said that the Town of Reading Audit Committee is meeting earlier in September and would like to explore the possibility that the RMLD audit results could be presented at that meeting. Mr. Pacino said that over the last couple of years the Town of Reading Audit Committee has not had a quorum to review the RMLD audit results. The Capital and Operating "Budget Committee needs to meet to go over the proposed transfers based on the audited financials. The CAB has a meeting scheduled for September 14, 2009 for General Business. Financial Report, June 2009 - Mr. Fournier -Attachment 2 Mr. Fournier reported on the unaudited financial report for June. Mr. Fournier reported that Melanson Heath will be at the September 30 Board meeting. Mr. Cameron said that the following are based on Chairman O'Neill's questions: General Manager's Outside Services was over budget because the RMLD did not budget in fiscal year 2009 for the Cost of Service Study costs that came in. Mr. Cameron explained that on General Benefits/Outside Services $7,800 the budget was $5,000 an expert came in to assess the condition of the cooling towers. Mr. Cameron said that in the budget reforecast in two instances the numbers came out lower than they should have. The Miscellaneous General should have been $8,000 whereas it came out at $5,100. The Maintenance of Underground was over budget by 48%, $104,000 versus $155,000. Mr. Cameron will get back to Chairman O'Neill on this. Ms. Kearns asked about the services provided by Fisbach & Moore for underground maintenance. Mr. Cameron replied that RMLD budgets for Fischbach & Moore and are hired on an hourly basis to perform RMLD's underground work. Mr. Carakatsane commented on the 22% overbudget in the Facilities Department. Mr. Fournier reported that this was due to the Post Employment Benefit and the Sick Leave Buyback being higher than budgeted as well as capital overhead credit being less than budgeted. Chairman O'Neill stated that she would like to see pages five and six on the Financial Report be adjusted in the same format to reflect similar information. Mr. Cameron said that he would look into the format changes. Chairman O Neill asked about the levels of the Deferred Fuel Cash Reserve and the Rate Stabilization Fund. Mr. Cameron replied that the Rate Stabilization Fund has been voted to be at the range of $6.0 million to $7.0 million. Mr. Cameron pointed out that the Deferred Fuel Reserve was at $1.75 million and now the range is $2.5 to $2.9 million. Mr. Cameron noted that the Operating Fund's target is $6 million. Mr. Fournier explained that in order to close the books in June in accordance with GASB it is pro rated. Prior to the accrual, partial days in June that were in the July bill but incurred in June, the Deferred Fuel is at $2.6 million. When he reversed out last year's activity and puts in this year's activity the Deferred Fuel went down $900,000. In fiscal year 2008 the Fuel Charge in June was $.084 and in fiscal year 2009 it was $.059. The bulk of that is the adjustment to the Fuel Charge. Assistance Programs for RMLD's Residential Customers - Laurie Cavagnaro Chairman O'Neill said that Commissioner Kearns at the last meeting raised concerns about what type of programs were available for RMLD's residential customers who were in need of financial assistance. Chairman ONeill said that Ms. Cavagnaro, Customer Service Manager will provide information. Ms. Cavagnaro said that many customers are having a hard time paying their bills, however, the RMLD is sensitive to this and is willing to work with such customers. Regular Session Meeting Minutes August 26, 2009 Assistance Programs for RMLD's Residential Customers - Laurie Cavagnaro 3. Cavagnaro reported on the following programs that assist RMLD's residential customers: Payment Plans Customers must pay their current bill plus one quarter of the arrears with the goal of getting the customer current within three to four months. Good Neighbor Energy Fund and Salvation Army The RMLD will assists customers to fill out the appropriate applications and they can qualify for $300 towards their electric bills. Fuel Assistance Programs Most customers use the Fuel Assistance Programs to pay for oil and gas bills. However, RMLD does receive moneys if the customer has any remaining for their electric bills. Last year's guidelines enabled customers to get $450 to $1,300 depending on their income levels and subsidized housing customers could receive $250 to $650. Referral to Church, Veterans and Local Agencies The RMLD will also refer customers to churches, veterans and local agencies. A new referral is the "211" which enables customers to get assistance with food, utilities and rent. Conservation Another means the RMLD uses to assist its customers to lower their bills is to discuss with them energy conservation, mail out information on energy savings and schedule an energy audit if deemed appropriate. Appliance Rebate Program The RMLD will also discuss the current appliances a customer uses. The Customer Service Specialist explains when a customer may want to consider changing out an appliance that uses a lot of energy. The customer can get a rebate for an `energy Star rated appliance that will save on their usage as well. Budget Billing Customers need to be current in order to qualify for budget billing. On another matter, Ms. Cavagnaro stated that the RMLD stays in close contact with its customers all year round including the moratorium period for shut offs. Ms. Cavagnaro explained that the Customer Service Specialists will refer customers to the Engineering Department or Energy Services if that better serves the customers' needs. Ms. Kearns asked what is the flashpoint for the customer when they realize they really need help? Ms. Cavagnaro said that in the billing cycles customers do receive notices of delinquent accounts. The RMLD will look at the account and if it is the first time the customer shows non-payment they will receive a call although they have seven days to respond when they reach the termination point. Ms. Cavagnaro then explained the next phase of the collection process that leads to shut off. Ms. Cavagnaro did stress that shutting off a customer's electric service is the avenue of last resort for the RMLD. River Energy performs residential audits for the RMLD and Energy New England performs commercial audits. A brief discussion followed. Power Supply Report, July 2009 - Ms. Parenteau - Attachment 3 Ms. Parenteau presented the Power Supply Report for July. Mr. Hahn asked if the transmission rates went up June 1 from the ISO? 'Is. Parenteau replied that the rate did go up in June. The monthly interchange from the ISO for July monthly interchange, tcludes June's transmission. There is a one-month lag. Mr. Hahn wanted to clarify whether the June statement would be based on May's transmission charges. Regular Session Meeting Minutes August 26, 2009 Power Supply Report, July 2009 - Ms. Parenteau - Attachment 3 Ms. Parenteau replied that the RMLD projected this because the rate was not posted until June 1. Ms. Kearns asked if the 32.6% increase in transmission costs would continue to increase. Ms. Parenteau replied that it will stabilize and the only way to control this is to control the RMLD's peak that is based on a twelve-month average. Mr. Hahn did point out that the RMLD would have to lower its peak lower than everyone else's to take advantage of more favorable pricing. Discussion ensued. Energy Efficiency Update - Mr. Carpenter - Attachment 4 Mr. Carpenter presented the Energy Efficiency Update for July. Mr. Carpenter stated that he is more than willing to work with anyone who needs to reduce his or her energy consumption. Discussion ensued. Engineering and Operations and Gaw Update, June 2009- Mr. Sullivan - Attachment 5 Mr. Sullivan presented the Engineering and Operations and Gaw Update for July. Chairman ONeill asked what are the reasons for the thirty outages in. July. Mr. Sullivan replied that it is a combination of squirrels, car accidents and broken cutouts. Chairman ONeill said that in September there will be two reports, those for July and August 2009. Mr. Cameron said that if the Financial Report is available then, the Capital Budget Report should be available. Chairman ONeill asked on the Gaw project if it is on track? Mr. Sullivan replied that he is not sure but senses the schedule will be moved into the end of February as opposed to the end of January. Chairman ONeill asked when will Mr. Sullivan have a better idea of the timeline? Mr. Sullivan replied in the fall. Chairman O'Neill asked if this would change the timing of the last transformer change out, installation of that? Mr. Sullivan replied that the change in schedule will affect the last transformer. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED Rate Comparisons, July 2009 E-Mail responses to Account Payable/Payroll Questions Upcoming Meetings Wednesday, September 30, 2009 RMLD Board Meeting Wednesday, October 28, 2009 RMLD Board Meeting Citizens' Advisory Board Rotation Chairman O'Neill will cover the Citizens' Advisory Board meeting on Monday, September 14, 2009. Regular Session Meeting Minutes August 26, 2009 recutive Session A 9:00 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to discuss strategy with respect to litigation and return to regular session for the sole purpose of adjournment. Motion carried by a polling of the Board 4:0:0. Ms. Kearns, Aye; Mr. Pacino, Aye; Mr. Hahn, Aye; and Chairman O'Neill, Aye. Adjournment At 9:40 p.m. Mr. Pacino made a motion seconded by Mr. Hahn to adjourn the meeting. Motion carried 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Philip B. Pacino, Secretary RMLD Board of Commissioners READING MUNICIPAL LIGHT DEPARTMENT To: Vinnie Cameron From: Kevin Sullivan, Jared Carpenter Subject: Smart Grid at the RMLD 1.0 Summary August 17, 2009 Smart Grid in the purest form is a general term referring to the individual components used for electric delivery and the ability of those components to communicate and operate interdependently. The term has developed into a buzz-word championed by the Federal Government in its quest for a more efficient means of generating and delivering power to consumers. The Federal Government is counting on the utility community at large to pioneer the Smart Grid effort. Many manufacturers have been marketing products designed to give utilities advancements in the Smart Grid product design. Presently Smart Grid has no standards, no guidelines, and no protocols. The National Institute for Standards and Technology is working to develop standards for manufacturers to adhere to. The market offers an endless number of Advanced Metering Infrastructure (AMT) type meters that can provide voltage indication, time of use information, remote disconnection and pre-planned remote reads back to the utility's mainframe equipment. Each utility has been watching the myriad of options, deciding when the time is right and at what level this new technology should be embraced. So too, the RMLD has been watching Smart Grid available technologies unfold. On the reliability side of the equation, Smart Grid system protection devices can isolate outages and mitigate the effect of an outage to a minimum amount of customers. Also, Smart Grid metering can provide an instantaneous, electronic notification of customer outages and verification of re-energization, automatic disconnection and customer load profiling. Customers may also take advantage of Smart Grid instrumentation that enables access to information so that they can cut back on usage during periods of high electric usage and control their costs. ATTACHMENT 1 2 2.0 What Smart Grid reliability applications does the RMLD have presently? The RMLD had begun its quest for products that offered advanced technologies long before the term 'Smart Grid' had been coined. The RMLD has fault detectors strategically placed on the sub-transmission lines that provide power to Wildwood Substation and a few of our distribution feeders. Fault detectors provide instant indication of excessive current flow, expediting the fault locating process. The installation of additional fault detectors is planned for FY'10. Reclosers and auto-transfer voltage sensing equipment have been installed in areas that serve our largest commercial load to provide instantaneous isolation and transfer to a back-up feeder. Sectionalizing fuses provide individual phase isolation to minimize complete circuit interruption, maintaining service to customers upstream of the fault. The RMLD fiber-optic loop, which encircles the territory, provides communication from all substations back to the Control Center for Supervisory Control and Data Acquisition (SCADA) of circuit breakers, voltage and loading. 3.0 What Smart Grid energy conservation applications does the RMLD - presently have in place? The RMLD has added new programs to help with our Smart Grid endeavors. The Smart Grid is a very open idea at this point. However the goal of energy conservation through efficiency will always be a staple focus. The existing and new programs that we have implemented are residential renewable energy rebate programs, which gives rebates for ENERGY STAR rated appliances. The RMLD has a Time of Use electric rate, which through the use of time of use meters help customers shape their energy usage. The Time of Use rate is available for both the residential and commercial customers. The Commercial Energy Initiative program is set up to help encourage and rebate customers who either install a renewable energy technology or set up a comprehensive plan to reduce peak kW demand. This program enables all commercial customers to take great steps forward in energy savings no matter how in-depth they are prepared to go. 3 4.0 What Smart Grid reliability applications should the RMLD look to in the future? Reliability synergies that would enhance the RMLD are systems that work together to provide a technological network and products that offer a lengthened lifecycle. The RMLD is exploring the use of remote operation of switching on the distribution system, which will allow the RMLD to mitigate the effects of systems outage and give the RMLD more flexibility in system operations, streamline maintenance, and will increase reliability. 5.0 What Smart Grid energy conservation applications should the RMLD look to in the future? New technologies are constantly arising to assist in energy conservation. Understanding what will bring the greatest benefit in the most cost effective manner is difficult. The RMLD works together as a team to monitor new technologies and recommend them to our customers as needed. One of the technologies we would like to encourage and perhaps rebate are residential energy monitors with in home displays along with time of use display. This technology will be viewable via the web and eventually provide control of lighting, thermostats, and other technologies in the home. This same technology is applicable to help with energy savings, security, and other important aspects of business for our smaller to mid-sized commercial customers. Some of the newest technologies available for use that the RMLD would like to incorporate into customer use are magnetic bearing compressors, building automation systems, absorption chillers, Electronically Commutated Motors (ECM), natural light providing fixtures, magnetic induction lighting, and other energy efficiency and environmentally friendly measures. The goal of our rebates are not only to provide financial help to encourage installation of efficient equipment but to encourage the growth of local companies and all technologies that provide the least harm to our worldwide environment. 4 6.0 Summary As Smart Grid technology grows and becomes more focused, the RMLD will be prepared due to the planning and implementation steps that have already been put in place. The most important part of the Smart Grid is planning, forward thinking, and action. All of these steps and our knowledge are constantly growing as we search for additional options. Our reliability and communication has consistently grown and is well beyond the national average. Customers often tell us our service and technology have gotten better and better. Our energy conservation goals are always being raised and we work daily with our customers meeting their needs to reduce their energy consumption. The RMLD is seeing newly interested solar customers on a weekly basis, preparing to start metering pilot test programs, and is noticing less reliability issues. Although there is no way to fully predict what the Smart Grid final product will be, we can all be certain that the RMLD is well out of the starting gate and has a firm grasp on what it will take to make our service meet all the needs of our customers. c: Citizen's Advisory Board Jane Parenteau b.Q ~ Q rz~ ct V 1 0 0 N 00 O • !`"I • ct CU ct U ct U U O ct c1t Ct3 0 0 N m V C~ a N ~O W O 4-4 O O N P4 OO 0 N 4-~ U O .O 0 N .O O .o O ct O 4U3 w J ~Q . r..i U O tc3 O O •r...q 4-~ 0 _O 0 0 N 00 N C~ b.Q C/] W 0 N w 0 a c P4 o 4-4 ct ct a ~ o ° • . 0 0 N 00 • ct ct c~ ~ o CCU Q.1 4-a ~ U N r • c • • Q~ O o U ~ 4.) U clt o clt clt 0 0 •U ct U Q.~ N ~ O C!~ C) klo~ ct 0 0 ct ~ O 4~ p U p c 1 O • Lr) O1~ 0 0 N 00 b.A N w b,Q w O c~ v~ ct ~ U ~ O ~ W ~ W E-+ bA O N clt b1J N w N C~ N E ct O Q~ W U Q3 0 0 N O'J O ct U 4-4 W N N ct N O O ct P4 0 ~ U ~ bQ o c C o a~ o ~ o U a~ ct O V N b1J ct Q~ ct V U clt 0 0 N coo b,A V, ~ O w ~ ~ O ~ O O Cam) Lr~ N U U 4-~ tl~ b~o ,sue 0 0 ct cc c~ V1 O 0 4~ U ct a~ 0 0 ct w U1 0 c 0 bA O b.Q bA ~ c tJo ct (1) b-0 O o 0 0 cwt 0 . . . . 0 0 N 00 c/] Ct r/] Q N O V Clt 0 ~.J O ~ C~ 0 U U U ct 4-4 ct 0 O O N 00 Dt: August 21, 2009 ATTACHMENT 2 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier ApIP Sj: June 2009 Report The unaudited results for fiscal year June 30, 2009, will be summarized in the following paragraphs. The auditing firm of Melanson Heath and Company, PC, will make their formal presentation at the September Board meeting. RMLD showed a positive change in net assets (net income) of $447,000.00 which represents 1.0% of the allowable 8.0% rate of return. 1) Change in Net Assets or Net Income: (Page 3A) Net income or the positive change in net assets for the year was $447,000.00. The difference between the actual fuel expense and the actual fuel revenue is $834,086.00, with revenues exceeding expenses. 2) Revenues: (Page 11B) Base revenues for the year were over budget by $858,564.00 or 2.25%. Actual base revenues were at $39.0 million compared to the budgeted amount of $38.1 million. The residential sector was mainly responsible for the increase. 3) Expenses: (Page 12A) :"Purchased power base expense for the year was over budget by $2,914,525 or 12,43% due to increases in transmission and capacity costs. Actual purchased power base costs were $26.4 million compared to the budgeted amount of $23. million. '`Operating and Maintenance (O&M) expenses combined were over budget by $981,398.00 or 9.78%. Actual O&M expenses were $11.0 million compared to the budgeted amount of $10.0 million. The major expenses that were over budget were employee pension and benefits $631,000, due to the post employment benefit charge of $436,000 and buyback sick leave increase of $190,000. Bad debt expense was over budget by $107,000. 'J`Depreciation expense and voluntary payments to the Towns were $76,000 over budget. 4) Cash: (Page 9) -Operating Fund balance was at $8,632,771. *Capital Funds balance was at $4,403,129. '1`Rate Stabilization Fund balance was at $6,237,223. ''`Deferred Fuel Fund balance was at $1,739,394. 5) General Information: FY 09 audit field work is completed. Auditors were here the week of 8/10. Kwh sales are down 21,604,117 or 3.1% compared to last year's actual. Cash year end transfers will be discussed in September. 6) Budget Variances: The five divisions were over budget cumulatively by $1,016,733, or 6.16%. 7) Trends: The fuel charge remained unchanged at $.059. FINANCIAL REPORT JUNE 30, 2009 ISSUE DATE: AUGUST 20, 2009 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 6/30/09 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 11,859,292.02 8,635,771.68 RESTRICTED CASH (SCH A P.9) .11,011,778.82 11,563,436.64 RESTRICTED INVESTMENTS (SCH A P.9) 4,400,000.00 4,400,.000.00 RECEIVABLES, NET (SCH B P.10) 9,143,636.11 7,087,246.21 PREPAID EXPENSES (SCH B P.10) 152,717.87 753,345.33 INVENTORY 1,662,581.58 1,563,069.56 TOTAL CURRENT ASSETS 38,230,006.40 34,002,869.42 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 122,391.17 122,391.17 CAPITAL.ASSETS, NET (SCH C P.2) 60,979,182.61 64,687,499.63 OTHER ASSETS (SCH C P.2) 19,503.90 15,988.48 TOTAL NONCURRENT ASSETS 61,121,077.68 64,825,879.28 TOTAL ASSETS 99,351,084.08 98,828,748.70 LIABILITIES CURRENT ACCOUNTS PAYABLE 6,566,451.46 5,517,907.32 CUSTOMER DEPOSITS 481,328.16 496,335.27 CUSTOMER ADVANCES FOR CONSTRUCTION 710,537.24 696,516.89 ACCRUED LIABILITIES 187,520.95 624,749.08 CURRENT PORTION OF BONDS PAYAB LE 550,000.00 550,000.00 TOTAL CURRENT LIABILITIES 8,495,837.81 7,885,508.56 NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION 550,000.00 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,682,217.58 2,873,114.33 TOTAL NONCURRENT LIABILITIES 3,232,217.58 2,873,114.33 TOTAL LIABILITIES 11,728,055.39 10,758,622.89 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 59,879,182.61 64,137,499.63 RESTRICTED FOR DEPRECIATION FUND (P.9) 2,937,734.92 4,403,129.56 UNRESTRICTED 24,806,111.16 19,529,496.62 TOTAL NET ASSETS (P.3) _ 87,623,028.69 88,070,125.81 TOTAL LIABILITIES AND NET ASSETS 99,351,084.08 98,828,748.70 (1) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 6/30/09 SCHEDULE C PREVIOUS YEAR CURRENT YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 46,153.24 46,153.24 NEW ENGLAND HYDRO TRANSMISSION 76,237.93 76,237.93 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 122,391.17 122,391.17 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 1,265,842.23 STRUCTURES AND IMPROVEMENTS 7,261,348.18 6,997,417.80 EQUIPMENT AND FURNISHINGS 6,607,537.74 11,513,070.36 INFRASTRUCTURE 44,007,854.46 _ 44,911,169.24 TOTAL CAPITAL ASSETS, NET 59,142,582.61 CONSTRUCTION WORK IN PROGRESS 1,836,600.00 0.00 TOTAL UTILITY PLANT 60,979,182.61 64,687,499.63 SCHEDULE OF OTHER ASSETS PURCHASED POWER WORKING CAPITAL 14,523.70 14,523.70 UNAMORTIZED DEBT EXPENSE 4,980.20 1,464.78 TOTAL OTHER ASSETS 19,503.90 15,988.48 TOTAL NONCURRENT ASSETS 61,121,077.68 64,825,879.28 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 6/30/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: (SCH D P.11) BASE REVENUE 3,352,130.49 3,164,418.26 38,009,831.85 39,024,319.05 2.679. FUEL REVENUE 6,772,126.15 2,216,274.29 45,736,243.26 52,848,748.58 15.55% PURCHASED POWER CAPACITY 242,190.23 (173,819.97) 2,352,275.93 .2,222,886.36 -5.50% FORFEITED DISCOUNTS 62,117.70 68,576.78 847,881.80 859,519.43 1.371 ENERGY CONSERVATION REVENUE 0.00 69,630.03 0.00 425,374.44 100.00% 00 0 134,322.18 0.00 (1,212,862.93) 100.001 PASNY CREDIT . TOTAL OPERATING REVENUES 10,428,564.57 5,479,401.57 86,946,232.84 94,167,984.93 8.31% OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE 2,126,827.28 2,556,572.15 22,255,559.42 26,370,543.86 18.49% PURCHASED POWER FUEL 6,175,790.29 3,419,956.76 47,386,213.34 50,801,799.52 7.21% OPERATING 846,616.43 1,378,657.27 8,134,356.42 8,616,955.79 5.93% MAINTENANCE 434,779.81 326,287.48 2,616,883.52 2,402,780.13 -8.18% DEPRECIATION 267,761.04 261,186.93 3,023,536.04 3,134,386.93 3.67% VOLUNTARY PAYMENTS TO TOWNS 99,233.00 122,998.00 1,146,094.00 1,207,979.00 5.405. TOTAL OPERATING EXPENSES 9,951,007.85 8,065,658.59 84,562,642.74 92,534,445.23 9.43% OPERATING INCOME 477,556.72 (2,586,257.02) 2,383,590.10 1,633,539.70 -31.47% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 440,337.58 131,804.54 638,727.01 378,832.50 -40.1r RETURN ON INVESTMENT TO READING (345,693.80) (185,417.45) (2,246,248.15) (2,122,082.10) INTEREST INCOME 55,368.21 19,391.32 595,433.06 398,369.50 -33.101 INTEREST EXPENSE (6,929.82) (3,378.29) (82,328.33) (46,395.61) -43.651 OTHER (MDSE AND AMORT) 35,056.08 41,866.78 344,091.19 204,833.13 -40.47% AL NONOPERATING REV (EXP) 178,138.25 4,266.90 (750,325.22) (1,186,442.58) 58.121 TOT CHANGE IN NET ASSETS 655,694.97 (2,581,990.12) 1,633,264.88 447,097.12 -72.63% 85,989,763.81 87,623,028.69 1.90% NET ASSETS AT BEGINNING OF YEAR 623,028.69 87 88,070,125.81 0.51% NET ASSETS AT END OF JUNE , (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 6/30/09 REFORECASTED ACTUAL BUDGET YEAR TO DATE YEAR TO DATE** VARIANCE* CHANGE OPERATING REVENUES: (SCH F P.11B) BASE REVENUE 39,024,319.05 38,165,754.39 858,564.66 2.25% FUEL REVENUE 52,848,748.58 58,840,232.87 (5,991,484.29) -10.18% PURCHASED POWER CAPACITY 2,222,886.36 2,471,230.37 (248,344.01) -10.05% FORFEITED DISCOUNTS 859,519.43 844,925.27 14,594.16 1.73% ENERGY CONSERVATION REVENUE 425,374.44 403,761.00 21,613.44 5.35% PASNY CREDIT (1,212,862.93) 0.00 (1,212,862.93) 100.00% TOTAL OPERATING REVENUES 94,167,984.93 100,725,903.90 (6,557;918.97) -6.51% OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE 26,370,543.86 23,456,018.00 2,914,525.86 12..43% PURCHASED POWER FUEL 50,801,799.52 56,967,684.00 (6,165,884.48) -10.82% OPERATING 8,616,955.79 7,786,339.00 830,616.79 10.67% MAINTENANCE 2,.402,780.13 2,251,999.00 150,781.13 6.70% DEPRECIATION 3,134,386.93 3,114,198.00 20,188.93 0.65% VOLUNTARY PAYMENTS TO TOWNS 1,207,979.00 1,151,729.00 56 250.00 4.88% TOTAL OPERATING EXPENSES 92,534,445.23 94,727,967.00 (2,193,521.77) -2.32% OPERATING INCOME 1,633,539.70 5,997,936.90 (4,364,397.20) -72.76% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 378,832.50 631,478.04 (252,645.54) -40.01% RETURN ON INVESTMENT TO READING (2,122,082.10) (2,162,728.00) 40,645.90 -1.8891. INTEREST INCOME 398,369.50 499,098.61 (100,729.11) -20.189, INTEREST EXPENSE (46,395.61) (46,880.00) 484.39 -1.03% OTHER (MDSE AND AMORT) 204,833.13 116,515.00 88,318.13 75.80% TOTAL NONOPERATING REV (EXP) (1,186,442.58) (962,516.35) (223,926.23) 23.2691. CHANGE IN NET ASSETS 447,097.12 5,035,420.55 (4,586,323.43) -91.12% NET ASSETS AT BEGINNING OF YEAR 87,623,028.69 85,989,763.81 1,633,264.88 1.90% NET ASSETS AT END OF JUNE 88,070,125.81 91,025,184.36 (2,955,058.55) -3.25% * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND SIX MONTHS REFORECASTED (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 6/30/09 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/08 CONSTRUCTION FUND BALANCE 7/1/08 INTEREST ON DEPRECIATION FUND FY 09 DEPRECIATION TRANSFER FY 09 FORCED ACCOUNTS REIMBURSEMENT GAW SUBSTATION GAW SUBSTATION (FY 08) TOTAL SOURCE OF CAPITAL FUNDS USE OF CAPITAL FUNDS: PAID ADDITIONS TO PLANT THRU JUNE PAID ADDITIONS TO GAW THRU JUNE PAID ADDITIONS TO GAW FROM FY 08 GENERAL LEDGER CAPITAL FUNDS BALANCE 6/30/09 2,937,734.92 2,112,401.00 75,374.09 3,134,386.93 48,370.54 2,946,923.12 1,891,999.94 13,147,190.54 3,905,137.92 2,946,923.12 1,891,999.94 4,403,129.56 (4) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 6/30/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 19,499,081 17,796,107 248,856,555 246,073,284 -1.12% COMM. AND INDUSTRIAL SALES 36,654,957 31,568,740 436,370,757 418,765,700 -4.03% PRIVATE STREET LIGHTING 71,533 71,005 859,613 854,140 -0.649, IVATE CONSUMERS 571 225 56 49,435,852 686,086,925 665,693,124 -2.97% TOTAL PR , , MUNICIPAL SALES: STREET LIGHTING 241,797 239,323 2,895,740 2,885,212 -0.36% MUNICIPAL BUILDINGS 1,980,923 760,960 24,905,576 11,699,332 -53.03% TOTAL MUNICIPAL CONSUMERS 2,222,720 1,000,283 27,801,316 14,584,544 -47.54% SALES FOR RESALE 816,980 799,447 3,776,724 3,846,495 1.85% 0 215 548 1 0 11,936,685 100.00% SCHOOL , , TOTAL KILOWATT HOURS SOLD 59,265,271 52,451,130 717,664,965 696,060,848 -3.01% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 6/30/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 17,796,107 5,290,092 2,839,168 4,052,498 5,614,349 INDUSTRIAL C 32,892,790 4,109,760 391,936 5,787,703 22,603,391 LIGHTS PUB ST 239,323 80,771 32,851 39,688 86,013 . . LIGHTS PRV ST 71,005 13,867 1,360 21,297 34,481 . . CO-OP RESALE 236,357 548 215 1 236,357 539 454 0 255,144 0 146,840 0 359,025 SCHOOL , , , TOTAL 52 451,130 10,185,386 3,520,459 10,048,026 28,697,259 YEAR TO DATE RESIDENTIAL 246,073,284 77,774,791 34,740,551 57,281,591 76,276,351 INDUSTRIAL C 431,028,122 55,815,295 5,584,686 75,290,206 294,337,935 LIGHTS PUB.ST 2,885,212 983,328 394,272 475,544 1,032,068 . PRV.ST.LIGHTS 854,140 165,716 16,360 259,532 412,532 CO-OP RESALE 3,283,405 685 936 11 3,283,405 592 4 483 0 2,356,713 0 1,486,640 0 3,609,740 SCHOOL , , , , TOTAL 696,060,848 142,506,127 43,092,582 134,793,513 375,668,626 LAST YEAR TO DATE RESIDENTIAL 248,856,555 78,742,539 36,114,551 56,601,139 77,398,326 INDUSTRIAL C 461,276,333 58,964,256 8,053,703 81,519,254 312,739,120 PUB.ST.LIGHTS 2,895,740 1,001,842 394,373 473,017 1,026,508 PRV.ST.LIGHTS 859,613 168,382 16,560 269,571 405,100 CO-OP RESALE 3,776,724 3,776,724 0 0 0 0 SCHOOL 0 0 0 0 TOTAL 717,664,965 142,653,743 44,579,187 138,862,981 391,569,054 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 33.93% 10.09% 5.41% 7.73% 10.70% INDUSTRIAL C 62.71% 7.84% 0.75% 11.03% 43.0991. ST.LIGHTS PUB 0.45% 0.15% 0.06% 0.08% 0.16% . PRV.ST.LIGHTS 0.14% 0.03% 0.00. 0.04% 0.07% CO-OP RESALE 0.45% 0.45% 0.00% 0.00% 0.00% SCHOOL 2.32% 0.87% 0.49% 0.289. 0.68% TOTAL 100.0091. 19.43% 6.71% 19.16% 54.70% YEAR TO DATE RESIDENTIAL 35.35% 11.17% 4.99% 8.23% 10.96% INDUSTRIAL C 61.93% 8.02% 0.80% 10.82% 42.295. LIGHTS PUB ST 0.42% 0.14% 0.06% 0.07% 0.15% . . PRV.ST.LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% CO-OP RESALE 0.47% 0.47% 0.00% 0.00% 0.005. SCHOOL 1.71% 0.64% 0.34% 0.21% 0.52 % OTAL 00% 100 20.46% 6.19% 19.37% 53.98% T . LAST YEAR TO DATE RESIDENTIAL 36.52% 10.97% 5.03% 7.89% 10.79% INDUSTRIAL C 62.59% 8.22% 1.12% 11.36% 43.57% ST.LIGHTS PUB 0.40% 0.14% 0.05% 0.07% 0.14% . PRV.ST.LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% CO-OP RESALE 0.53% 0.53% 0.00% O.OD% 0.00% SCHOOL 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL 100.00% 19.88% 6.20% 19.36% 54.56% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 6/30/09 TOTAL OPERATING REVENUES (P.3) ADD: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS LESS: OPERATING EXPENSES (P.3) BOND INTEREST EXPENSE CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) 94,167,984.93 134,086.28 9,898.36 (92,534,445.23) (31,029.17) (15,366.44) 1,731,128.73 (7) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 6/30/09 SALE OF KWH (P.5) KWH PURCHASED AVE BASE COST PER KWH AVE BASE SALE PER KWH AVE COST PER KWH AVE SALE PER KWH FUEL CHARGE REVENUE (P.3) LOAD FACTOR PEAK LOAD MONTH OF MONTH OF % CHANGE YEAR THRU JUN 2008 JUN 2009 2008 2009 JUN 2008 JUN 2009 59,265,271 52,451,130 1.19% -3.01% 717,664,965 696,060,848 66,455,457 56,820,690 1.16% -3.98% 746,484,006 716,753,946 0.032004 0.044994 11.04% 23.40% 0.029814 0.036792 0.056561 0.060331 -0.02% 5.86% 0.052963 0.056065 0.124935 0.105182 38.44% 15.41% 0.093293 0.107669 0.170830 0.102585 24.84% 13.11% 0.116692 0.131990 6,772,126.15 2,216,274.29 59.23% 15.55% 45,736,243.26 52,848,748.58 54.33% 69.03% 167,557 112,757 (8) 60 Nnr 1. 60 Fldb' 60 UVA ~d 609 ® v 1 V>J ~ ~ , 60 NF/f f r a 80 ODQ 20 O CD { co red ~t O 8 0 l 80 d3S ~ I J / ury ? \ -.4- 4- y ! \ 80 env a, 80 -inf f 80 Nnf < 80 AM ! 80 udv 0 HVA y 8 j 80 93d j 80 Ndr r r. LO 030 I LO nON LO 100 rrr~ , LO dDS ! i LO env < ti i LOlnr LO Nnr \ LO AM ' LO Udt1 LO UVA I LO 93d L0 Ndf ! D 90 OG4 I f 90 nON i ~ 90100 \ 90 d3S i 90 Jnd ! I 90 -inf I 90 Nnr 0 I © LO i 0 LO 0 r M LO "~t N r 0 0 0 0 0 0 ~ I i TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 6/30/09 SCHEDULE A PREVIOUS YEAR CURRENT YEAR UNRESTRICTED CASH CASH - OPERATING FUND 11,856,292.02 8,632,771.68 CASH - PETTY CASH 3,000.00 3,000.00 TOTAL UNRESTRICTED CASH 11,859 ,292.02 __B.,.635,771.68 RESTRICTED CASH CASH - DEPRECIATION FUND 2,937,734.92 4,403,129.56 CASH - CONSTRUCTION FUND 2,112,401.00 0.00 CASH - TOWN PAYMENT 0.00 0.00 00 0 CASH -.BOND PAYMENTS 0.00 308.12 905 . 1,739,394.25 CASH - DEFERRED FUEL RESERVE D , 549.17 178 3 3,337,223.36 CASH - RATE STABILIZATION FUN , , 15 988 28 28,988.15 CASH - UNCOLLECTIBLE ACCTS RESERVE . , 217.58 182 1 1,373,114.33 CASH - SICK LEAVE BENEFITS , , 251.72 35 35,251.72 CASH - INSURANCE RESERVE , 000.00 150 150,000.00 CASH - HAZARD WASTE RESERVE , 328 16 481 496,335.27 CASH - CUSTOMER DEPOSITS . , TOTAL RESTRICTED CASH 11,011,778.82 11 563,436.64 RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS TOTAL RESTRICTED INVESTMENTS 2,900,000.00 1,500,000.00 2,900,000.00 11500,000.00 TOTAL CASH BALANCE 4,400,000.00 27 271,070.84 4 400,000.00 24 599.208.32 JUNE 2008 * FED HOME LOAN MTG CORP 1,500,000.00; DTD 12/13/07;.INT 4.35%; MATURITY 12/15/12 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 05/08/08; INT 4.0091.; MATURITY 11/15/13 FED HOME LOAN.MTG CORP 500,000.00; DTD 01/17/08; INT 4.25%; MATURITY 07/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 01125/08; INT 4.25%; MATURITY 01/15/15 FED HOME LOAN MTG CORP 500,000.00; DTD 11/13/07; INT 5.25%; MATURITY 11/13/17 JUNE 2009 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 05/08/08; INT 3.50%; MATURITY 11/15/13 FED HOME LOAN MTG CORP 1,500,000.00; DTD 01/23/09; INT 2.00%, MATURITY 01/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 FED HOME.LOAN MTG CORP 500,000.00; DTD 01/25/08; INT 4.25%; MATURITY 01/15/15 FED NATIONAL MTG ASSN 500,000.00; DTI) 11/13/07; INT 5.25%; MATURITY 11/13/17 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 6/30/09 SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL ACCOUNTS RECEIVABLE - OTHER ACCOUNTS RECEIVABLE - LIENS ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES SALES DISCOUNT LIABILITY RESERVE FOR UNCOLLECTIBLE ACCOUNTS TOTAL ACCOUNTS RECEIVABLE BILLED UNBILLED ACCOUNTS RECEIVABLE TOTAL ACCOUNTS RECEIVABLE, NET SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREPAYMENT PURCHASED POWER PREPAYMENT PASNY TOTAL PREPAYMENT * ACCOUNTS RECEIVABLE AGING MAY 2009: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE PREVIOUS YEAR 3,987,055.07 727,903.07 79,746.48 1,067.16 (214,497.42) (200,000.00) 4,381,274.36 4,762,361.75 9,143,636.11 240,106.66 (282,401.19) 195,012.40 CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL 152,717.87 SCHEDULE B CURRENT YEAR 2, 768, 109.70 399,591.78 129,136.87 1,067.16 (183,603.88) (200,000.00) 2,914,301.63 4,172,944.58 7,087,246.21 266,382.92 154,885.75 332,076.66 753.345.33 2, 768, 109.70 (183,603.88) 2,584,505.82 2,080,693.40 80.51% 277,132.41 10.72% 112,440.58 4.35% 54,277.00 2.10% 59,962.43 2.32% 2,584,505.82 100.00% (10) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 6/30/09 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 3,858,549.78 1,684,122.09 31,876,485.03 34,982,518.23 9.74% COMM AND INDUSTRIAL SALES 5,722,470.90 3,345,903.29 47,909,202.55 52,413,470.06 9.40% PRIVATE STREET LIGHTING 14,381.01 9,907.56 124,579.62 135,194.04 8.52% VATE CONSUMERS 401 69 9 595 932.94 5 039 79,910,267.20 87,531,182.33 9.54% TOTAL PRI . , , , , MUNICIPAL SALES: STREET LIGHTING 61,373.86 34,121.98 560,609.96 584,005.30 4.17% MUNICIPAL BUILDINGS 335,017.34 1,420.61 2,913,946.18 1,620,125.63 -44.40% IPAL CONSUMERS 391 20 396 35,542.59 3,474,556.14 2,204,130.93 -36.56% TOTAL MUNIC . , SALES FOR RESALE 132,463.75 91,139.99 361,251.77 531,354.45 47.09% SCHOOL 0.00 214,077.03 0.00 1,606,399.92 100.0.0% SUB-TOTAL 10,124,256.64 5,380,692.55 83,746,075.11 91, 873, 067.63 9.70% FORFEITED DISCOUNTS 62,117.79 68,576.78 847,881.80 859,519.43 1.37'%0 PURCHASED POWER CAPACITY 242,190.23 (173,819.97) 2,352,275.93 2,222,886.36 -5.50% ENERGY CONSERVATION - RESIDENTIAL 0.00 15,669.52 0.00 93,041.18 100.005. ENERGY CONSERVATION - COMMERCIAL 0.00 53,960.51 0.00 332,333.26 100.00% PASNY CREDIT 0.00 134,322.18 0.00 (1,212,862.93) 100.00% TOTAL REVENUE 10,428,564.66 5,479,401.57 86,946,232.84 94,167,984.93 8.3191. (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 6/30/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 1,684,069.58 538,040.93 233,932..89 392,095.76 520,000.00 INDUS/MUNI BLDG 3,347,376.41 452,373.40 46,176.18 585,458.89 2,263,367.94 PUB. ST. LIGHTS 34,121.98 12,003.57 4,216.64 5,612.61 12,289.16 PRV.ST.LIGHTS 9,907.56 1,884.73 196.73 3,149.25 4,676.85 CO-OP RESALE 91,139.99 91,139.99 0.00 0.00 0.00 SCHOOL 214,077.03 80,332.18 41,351.89 27,561.34 64,831.62 TAL T 692 55 5 380 774.80 175 1 325,874.33 1,013,877.85 2,865,165.57 O . , , , , THIS YEAR TO DATE RESIDENTIAL 34,982,518.23 11,131,437.30 4,883,559.54 8,150,926.75 10,816,594.64 INDUS/MUNI BLDG 54,033,595.69 7,283,728.70 756,470.34 9,455,879.25 36,537,517.40 PUB.ST.LIGHTS 584,005.30 205,803.47 72,124.65 95,776.87 210,300.31 PRV.ST.LIGHTS 135,194.04 25,767.98 2,609.24 42,910.59 63,906.23 CO-OP RESALE 531,354.45 531,354.45 0.00 0.00 0.00 SCHOOL 1, 606, 399.92 602,721.25 310,356.46 206,583.03 486,739.18 TOTAL 873 067 63 91 813.15 19 780 6,025,120.23 17 952,076.49 48 115,057.76 , . , , , LAST YEAR TO DATE RESIDENTIAL 31,676,485.03 10,251,477.59 4,491,396.74 7,296,527.42 9,837,083.28 INDUS/MUNI BLDG 50,823,148.73 7,003,429.89 945,310.57 8,929,627.23 33,944,781.04 PUB.ST.LIGHTS 560,609.96 200,137.76 68,394.42 91,155.18 200,922.60 PRV.ST.LIGHTS 124,579.62 23,682.59 2,454.22 40,949.32 57,493.49 CO-OP RESALE 361,251.77 361,251.77 0.00 0.00 0.00 SCHOOL 0.00 TAL 11 746 075 83 979.60 17 839 5,507,555.95 16 358,259.15 44,040,280.41 TO , . , , , PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 31.30' 10.00% 4.35% 7.29% 9.669. INDUS/MUNI BLDG 62.219, 8.41% 0.86% 10.88% 42.06% PUB.ST.LIGHTS 0.63% 0.22% 0.08% 0.10' 0.23% PRV.ST.LIGHTS 0.19' 0.04% 0.00' 0.06% 0.09% CO-OP RESALE 1.69' 1.69% 0.00% 0.00% 0.00% SCHOOL 3.98% 1.49% 0.77% 0.51% 1.21% TAL 00' 100 21.85% 6.06% 18.84% 53.25% TO . THIS YEAR TO DATE RESIDENTIAL 38.08' 12.12% 5.32% 8.87% 11.77% INDUS/MUNI BLDG 58.81' 7.93% 0.82% 10.29% 39.77% PUB.ST.LIGHTS 0.63% 0.22% 0.08% 0.10% 0.23% PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% CO-OP RESALE 0.58% 0.58% 0.00% 0.00% 0.00% SCHOOL 1.75' 0.66% 0.34' 0.22% 0.53% AL 100 00% 21.54% 6.56% 19.53' 52.37% TOT . LAST YEAR TO DATE RESIDENTIAL 38.06' 12.24% 5.36% 8.71% 11.75% INDUS/MUNI BLDG 60.69' 8.36% 1.13' 10.66% 40.54% PUB.ST.LIGHTS 0.67' 0.24% 0.08% 0.11% 0.24% PRV.ST.LIGHTS 0.15% 0.039'. 0.00' 0.05% 0.07% CO-OP RESALE 0.43% 0.43% 0.00% 0.00' 0.00' SCHOOL 0100% 0.00% 0.00% 0.00% 0.00% TAL 00% 100 21.30% 6.57% 19.53' 52.60% TO . (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 6/30/09 SCHEDULE F REFORECASTED ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE SALES OF ELECTRICITY: RESIDENTIAL 16,502,745.01 15,635,139.10 867,605.91 5.55% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 21,199,137.90 21,283,762.78 (84,624.88) -0.40% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 370,538.34 450,028.54 (79,490.20) -17.66% SALES FOR RESALE 232,494.16 123,671.10 108,623.06 87.99% SCHOOL 719,403.64 673,152.87 46,250.77 6.87% TOTAL BASE SALES 39,024,319.05 38,165,754.39 858,564.66 2.255. TOTAL FUEL SALES 52,848,748.58 58,840,232.87 (5,991,484.29) -10.18% TOTAL OPERATING REVENUE 91,873,067.63 97,005,987.26 (5,132,919.63) -5.29% FORFEITED DISCOUNTS 859,519.43 844,925.27 14,594.16 1.73% PURCHASED POWER CAPACITY 2,222,886.36 2,471,230.37 (248,344.01) -10.05% ENERGY CONSERVATION - RESIDENTIAL 93,041.18 83,755.00 9,286.18 11.09% ENERGY CONSERVATION - COMMERCIAL 332,333.26 320,006.00 12,327.26 3.85% PASNY CREDIT (1,212,862.93) 0.00 (1,212,862.93) 100.00% TOTAL OPERATING REVENUES 94,167,984:93 100:725,903.90 (6,557,918.97) -6.51% * ( ) ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND SIX MONTHS REFORECASTED TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 6/30/09 SCHEDULE E OPERATION EXPENSES: PURCHASED POWER BASE EXPENSE OPERATION SUPER AND ENGIN-TRANS OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES T. - 'ENANCE EXPENSES: n_„ _„T OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES MONTH MONTH LAST YEAR CURRENT YEAR YTD 1 LAST YEAR CURRENT YEAR TO DATE TO DATE. CHANGE 2,126,827.28 2,556,572.15 22,255,559.42 26,370,543.86 18.49% 0.00 0.00 0.00 0.00 0.00% 38,682.60 37,592.35 336,134.45 392,803.14 16.86% 3,423.34 (1,081.36) 93,337.91 85,652.04 -8.23% 64,932.31 59,478.59 711,027.55 640,702.79 -9.891 61,607.19 36,553.03 506,497.30 471,411.79 -6.93'a 2,991.01 2,459.97 57,217.68 63,460.84 10.91% 46,607.99 35,842.70 407,975.08 404,780.91 -0.78% 34,386.51 34,893.60 336,824.75 345,335.47 2.53% 6,388.46 6,193.93 67,663.55 71,121.92 5.11% 179,778.15 135,507.77 1,627,433.43 1,469,573.98 -9.70% 32,103.62 117,620.76 123,770.25 232,020.76 87.461 59,588.51 29,039.94 526,005.91 457,904.80 -12.95% 78,314.96 68,049.68 756,273.83 768,719.34 1.65% 42,715.24 38,984.90 262,556.35 299,237.63 13.97% 56,773.06 44,374.88 432,406.92 250,250.28 -42.13% 26,282.22 31,032.02 320,769.83 342,197.06 6.68% 6,593.80 (10,099.86) 64,723.63 48,140.27 -25.62% 77,437.83 631,111.19 1,125,166.94 1,667,372.22 49.97% 11,139.20 12,666.87 180,580.50 157,645.62 -12.70% 14,870.43 14,374.07 197,990.56 193,964.89 -2.03% 0.00 54,062.24 0.00 234,660.04 100.001 846,616.43 1,378,657.27 8,134,356.42 8,616,955.79 5.93% 227.10 227.10 2,725.00 2,725.00 36,020.65 9,960.44 338,049.30 237,937.81 297,160.64 186,271.25 1,452,544.91 1,231,452.73 22,911.99 29,921.18 125,587.19 161,996.70 8,236.08 30,860.12 76,623.14 85,968.94 71.50 6.72 133.96 20.76 63,722.19 61,276.46 522,458.29 589,055.13 0.00 648.00 0.00 648.00 6,429.66 7,116.21 98,761.73 92,975.06 434,779.81 326,287.48 2,616,883.52 2,402,780.13 267,761.04 261,186.93 3,023,536.04 3,134,386.93 6,175,790.29 3,419,956.76 47,386,213.34 50,801,799.52 0.00% -29.61% -15.221 28.99% 12.20% -84.50% 12.75% 0.00% -5.86% -8.18% 3.6791. 7.21% 99,233.00 122,998.00 1,146,094.00 1,207,979.00 5.40% 9.43% 9,951,007.85 8,065,658.59 84,562,642.74 92,534,445.23 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 6/30/09 SCHEDULE G REFORECASTED ACTUAL BUDGET OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER BASE EXPENSE 26,370,543.86 23,456,018.00 2,914,52 .86 12.43% OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 392,803.14 324,378.00 68,425.14 21.099. STATION SUP LABOR AND MISC 85,652.04 69,285.00 16,367.04 23.62% LINE MISC LABOR AND EXPENSE 640,702.79 581,508.00 59,194.79 10.1$% STATION LABOR AND EXPENSE 471,411.79 478,444..00 (7,032.21) -1.47% STREET LIGHTING EXPENSE 63,460.84 66,839.00 (3,378.16) -5.05% METER EXPENSE 404,780.91 396,021.00 8,759.91 2.21% MISC DISTRIBUTION EXPENSE 345,335.47 333,095.00 12,240.47 3.67% METER READING LABOR & EXPENSE 71,121.92 72,217.00 (1,095.08) -1.52% ACCT & COLL LABOR & EXPENSE 1,469,573.98 1,466,282.00 3,291.98 0.22% UNCOLLECTIBLE ACCOUNTS 232,020.76 125,000.00 107,020.76 85.62% ENERGY AUDIT EXPENSE 457,904.80 792,952.00 (335,047.20) -42.25% ADMIN & GEN SALARIES 768,719.34 785,930.00 (17,210.66) -2.19% OFFICE SUPPLIES & EXPENSE 299,237.63 242,492.00 56,745.63 23.40% OUTSIDE SERVICES 250,250.28 231,068.00 19,182.28 8.30% PROPERTY INSURANCE 342,197.06 372,447.00 (30,249.94) -8.12% INJURIES AND DAMAGES 48,140.27 58,548.00 (10,407.73) -17.78% EMPLOYEES PENSIONS & BENEFITS 1,687,372.22 1,055,675.00 631,697.22 59.84% MISC GENERAL EXPENSE 157,645.62 142,188.00 15,457.62 10.87% RENT EXPENSE 193,964.89 191,970.00 1,994.89 1.04% ENERGY CONSERVATION 234,660.04 0.00 234,660.04 100.00% TOTAL OPERATION EXPENSES 8,616,955.79 7,786,339.00 830,616.79 10.6791. MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 2,725.00 2,862.00 (137.00) -4.79% MAINT OF STRUCT AND EQUIPMENT 237,937.81 203,546.00 34,391.81 16.90% MAINT OF LINES - OH 1,231,452.73 1,112,139.00 119,313.73 10.73% MAINT OF LINES - UG 161,996.70 123,944.00 38,052.70 30.70% MAINT OF LINE TRANSFORMERS 85,968.94 152,197.00 (66,228.06) -43.51% MAINT OF ST LT & SIG SYSTEM 20.76 5,600.00 (5,579.24) -99.63% MAINT OF GARAGE AND STOCKROOM 589,055.13 564,404.00 24,651.13 4.37% MAINT OF METERS 648.00 9,351.00 (8,703.00) -93.07% MAINT OF GEN PLANT 92,975.06 77,956.00 15,019.06 19.27% TOTAL MAINTENANCE EXPENSES 2,402,780.13 2,251,999.00 150,781.13 6.70% DEPRECIATION EXPENSE 3,134,386.93 3,114,198.00 20,188.93 0.65% PURCHASED POWER FUEL EXPENSE 50,801,799.52 56,967,684.00 (6,165,884.48) -10.82% VOLUNTARY PAYMENTS TO TOWNS 1,207,979.00 1,151,729.00 56,250.00 4.88% TOTAL OPERATING EXPENSES 92,534,445.23 94,727,967.00 (2,193,521.77) -2.32% * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND SIX MONTHS REFORECASTED (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 6/30/09 RESPONSIBLE REMAINING SENIOR 2009 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER BASE EXPENSE JP 22,830,986.00 26,370,543.86 (3,539,557.86) -15.50% OPERATION SUPER AND ENGIN-TRANS VC 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP VC 267,439.00 392,803.14 (125,364.14) -46.88% STATION SUP LABOR AND MISC VC 44,387.00 85,652.04 (41,265.04) -92.97% LINE MISC LABOR AND EXPENSE VC 579,502.00 640,702.79 (61,200.79) -10.56% STATION LABOR AND EXPENSE VC 531,966.00 471,411.79 60,554.21 11.38% STREET LIGHTING EXPENSE VC 73,805.00 63,460.84 10,344.16 14.02% METER EXPENSE DA 419,257.00 404,780.91 14,476.09 3.45% MISC DISTRIBUTION EXPENSE JD 338,358.00 345,335.47 (6,977.47) -2.0651. METER READING LABOR & EXPENSE DA 66,356.00 71,121.92 (4,765.92) -7.18% ACCT & COLL LABOR & EXPENSE RF 1,662,842.00 1,469,573.98 193,268.02 11.62% UNCOLLECTIBLE ACCOUNTS RF 125,000.00 232,020.76 (107,020.76) -85.62% ENERGY AUDIT EXPENSE JP 996,638.00 457,904.80 538,733.20 54.06% ADMIN & GEN SALARIES VC 816,337.00 768,719.34 47,617.66 5.83% OFFICE SUPPLIES & EXPENSE VC 226,000.00 299,237.63 (73,237.63) -32.4191. OUTSIDE SERVICES VC 475,400.00 250,250.28 225,149.72 47.36% PROPERTY INSURANCE JD 429,500.00 342,197.06 87,302.94 20.33% INJURIES AND DAMAGES JD 54,651.00 48,140.27 6,510.73 11.91% EMPLOYEES PENSIONS & BENEFITS JD 823,600.00 1,687,372.22 (863,772.22) -104.88% MISC GENERAL EXPENSE VC 251,053.00 157,645.62 93,407.38 37.21% RENT EXPENSE JD 212,000.00 193,964.89 18,035.11 8.51% ENERGY CONSERVATION JP 0.00 234,660.04 (234,660..04) 0.00% TOTAL OPERATION EXPENSES 8,394,091.00 8,616,955.79 (222,864.79) -2.6691. NTENANCE EXPENSES: -~INT OF TRANSMISSION PLANT VC 3,000.00 2,725.00 275.00 9.17% MAINT OF STRUCT AND EQUIPMT VC 101,354.00 237,937.81 (136,583.81) -134.76% MAINS OF LINES - OH VC 1,243,249.00 1,231,452.73 11,796.27 0.959'. MAINT OF LINES - UG VC 105,935.00 161,996.70 (56,061.70) -52.92% MAINT OF LINE TRANSFORMERS VC 216,000.00 85,968.94 130,031.06 60.20% MAINT OF ST LT & SIG SYSTEM JD 10,979.00 20.76 10,958.24 99.81% MAINT OF GARAGE AND STOCKROOM JD 631,720.00 589,055.13 42,664.87 6.75% MAINT OF METERS DA 18,558.00 648.00 17,910.00 96.51% MAINT OF GEN PLANT RF 135,000.00 92,975.06 42,024.94 31.13% TOTAL MAINTENANCE EXPENSES 2,465,795.00 2,402,780.13 63,014.87 2.56% DEPRECIATION EXPENSE RF 3,175,200.00 3,134,386.93 40,813.07 1.29% PURCHASED POWER FUEL EXPENSE JP 54,551,431.00 50,801,799.52 3,749,631.48 6.87% VOLUNTARY PAYMENTS TO TOWNS RF 1,209,000.00 1,207,979.00 1,021.00 0.0891. TOTAL OPERATING EXPENSES 92,626,503.00 92,534,445.23 92,057.77 0.10% (12s) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 6/30/09 PROFESSIONAL SERVICES BY PROJECT ITEM 1 RMLD AND PENSION TRUST AUDIT FEES 2 PENSION ACTUARIAL EVALUATION 3 LEGAL- FERC/ ISO ISSUES 4 LEGAL- POWER SUPPLY ISSUES 5 PROFESSIONAL SERVICES 6 PROFESSIONAL SERVICES 7 NERC COMPLIANCE STATION 5 8 LEGAL SERVICES- GENERAL 9 LEGAL SERVICES- ARBITRATION 10 LEGAL GENERAL 11 LEGAL GENERAL 12 SURVEY RIGHT OF WAY 13 ENVIRONMENTAL 14 COOLING TOWER REPLACEMENT DEGIGN 15 LEGAL 16 PROPERTY APPRAISAL 17 COST OF SERVICE STUDY 18 MMWEC BILLING 19 COGSDALE SYSTEM DIAGNOSTIC EVALUATION 20 PASNY PROJECT TOTAL DEPARTMENT ACCOUNTING ACCOUNTING ENERGY SERVICE ENERGY SERVICE ENERGY SERVICE E & 0 ENGINEERING GM HR HR BLDG. MAINT. BLDG. MAINT. BLDG. MAINT. BLDG. MAINT. GEN. BENEFIT GEN. BENEFIT GM GM ACCOUNTING BOARD REFORECASTED YTD BUDGET ACTUAL YEAR TO DATE. VARIANCE 31,750.00 30,250.00 1,500.00 4,100.00 4,100.00 0.00 5,267.70 5,268.00 (0.30) 67,186.71 57,291.00 9,895.71 14,183.46 24,910.00 (10,726.54) 5,924.34 1,229.00 4,695.34 500.00 5,000.00 (.41500.00) 50,671.46 36,238.00 14,433.46 19,891.50 26,531.00 (6,639.50) 13,016.21 3,460.00 9,556.21 3,286.50 15,428.00 (12,141.50) 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 0.00 1,000.00 2,796.16 5,002.00 (2,205.84) 6,853.68 0.00 6,853.68 6,749.56 10,913.00 (4,163.44) 3,333.00 1,111.00 2,222.00 7,550.00 4,337.00 3,213.00 6,190.00 0.00 61190.00 250,250.28 231,068.00 19,182.28 PROFESSIONAL SERVICES BY VENDOR ACTUAL RUBIN AND RUDMAN DUNCAN AND ALLEN CHOATE HALL AND STEWART DENACO PARKER- ARBITRATOR PLM ELECTRIC STONE CONSULTING MELANSON, HEATH AND COMPANY LC RAY COUTURE ATTORNEY VIRCHOW KRAUSE AND COMPANY AMERICAN ARBITRATION ASSOCIATION PARAGON SOFTWARE SOLUTIONS INC. MARK DEAN, PLLC MARK IRVINGS RDK ENGINEERS PURMA ROBERT BARTLEY SHOR- ATTORNEY UTILITY SERVICES LLC TOTAL 102,084.95 20,956.08 29,963.51 1,144.20 3,274.34 4,100.00 42,384.00 3,286.50 6,119.56 950.00 7,550.00 14,183.46 850.00 1,000.00 6,853.68 2,900.00 2,650.00 250,250.28 (13) o\° o\° o\° o\° o\° W tD rl h N 01 tD m N H m Ln h h h ri eM 00 M In r-i tD N N l0 N O N '-i N ri r-i I u o\° O In O ri 0) In t0 O) N 'd~ h r-I O tD [O dl H r-i 01 M r-{ M 111 W OI 01 h W ri M N co 1 tD O M In h L O W u m r-1 vl dl N lD v >n N O V~ r•1 M r-I 'i to N .-I t0 N O m H H N to 01 00 to ~N m lD O O m N ltl tp N M M O O O O N r-i to ~44 In o, co QN N N tD m co rn N r-i co H H h N In M M M O to o , i w h ; o n ~ 0 u r tD O I H h 4 t t W P4 M Q h n r o W p 00 co tD h w ul c!r rn a M N 00 lD M lD W H N t11 u z H QH t t ' t rn m 0 o 00 r 1 o N H I r-i 1f M W O W to W 0 m O to h lD M M 0, ~ rihhNO rn ~r rn H p,+ N In O h Ot O -1 h W w CO r, o r 01 er o ri u m h H r-I 00 m h o a O h h M to In M co O d 1 . CD n tf) o r-I N LO z 0 H H W ~1 W W W a o z I I W, o H 0 0 A H ~ 04 P4 W O A A R' A E H W O O [Hn I WW W ED a W n i 9 V) 9 H H H a W H H to u u w W W w W w Q ED Wa a U ~ O H W N O W MW, O 5 m h Q ~ C9 II N a z O G H O a o m W ~z~{{ [t>'i zF W mo 0 0 a e C W O b N O n N d O b M .1 O N N M N O m N N 01 N H o .+mb ~.~i-1 m N P 01 O VI d b a r O W N b H m N m m [G Yl M Y1 b N , H O O ~Q~.1 Q N r-1 N r1 H Ot }i O N N a H N O N~ M d~ b N O N N aa M N N m .M.. ~ m Q a d d M N H Q mov oln m r d In b M m b d d N ~ Ol O O d b 01 O H O O H ~ M .I M N F O O N N N O M m m as n ri b R ~ b 0 0 N M O N o m vl o H J O Vf N N li6yir t-1 v H N O 01 O b N H N "d~ ~ b M m W ~ d N d .io no o min m 01 N b H N 2 In m ~ vi IJ d N N m O p 0 b 0 0 r o U O M N WW O N F O O b O O h z m o M o o In In H i-I N d N H H h h m U d, O ,y m o 0 o m o m N d a m M W N m ry N 0 0 0 O d b N ~ h ~ 01 N N Q N in o 0 o r1 o M 01 N a M m e-1 v N .~a m pap,~ o a (C7 H N Q p N ~+i G O W 7 rl 0 0 a u Q u H O O H W H m U w54 W o .i N O M b 0 111 0 0 0 0 0 0 0 N N O .'1 O H I 0 0 o M M o N N N N M N M 01 m m m m to m a n M M N Vl b W 0 0 0 0 0 0 0 <oooo>`o 0 o m m d M dm o In m o H M m o M N m V1 01 N O Ot M I I~ N o m .i 1 I H d u O N h m o b m O b N ~-1 N I MI N d .i N T N H N~ M O m o.+r In o N n h V 0 h N d N d N d d M Ill N O M M r 0 Ul 01 111 N N m m Vl N d M N b d Ill N N O o m N N W m 0 N F N M N M 0 0 a1 d 0 0 r d N N M N m 0 V1 M O O N O N O om in rv N M M N N O 01 M O P r b r M ill N N N m V N m b o m m o 0 T M d 01 b b N N ~ o r r .-i o 0 b r o M m N M F d N H .ado m ul o m m d b b .i b b H V m d N N O h d N~ O N'Im tnM d m r .1 N Yl N m n M m h o H Ol N m m M N .i N 01 N N N 111 h N H 0 0 M M N I(1 m o d m .-1 I N d In m n r m m o r H N Io m N N H M N 1 ` T V 1 H m H H o ppaw El to m O 7 W N t4 a A H U U H 0 oW W a H H m m 14 ]HW o 0O b b o 0 C O O O O o 0 0 H N N N N O O 1 ~ I Z o 0 om o o M H ~ m m N~ N J W M V1 N V1 M vl In n 1 m In b In H b b b b I b W 0 0 0 0 0 0 0 i-i M O M d m N M M N a 6 N M M M C t u r u r u o~>,oaoooove~,<o;ooaoo>,~ o O N lil d O m W~ d 0 H b d b O O O h N m to o b b d d O M N .i b In m H b M M o 0 o r m d N N 01 b N VI m O M h m M m N b W H 0 0 O 1 .1 I M I .I b M l b H H d b b r H o o m n H I 1 I I 1 1 1 N N ri 1 I N N b O N hb ~ V1 ~ N N H b b N n b m N V1 O N b~ O N N m T m M b an d .i ~ d0 T O M B m m O 01 b m N m O r M b Q M N N N N m h N P 01 O m m N m d O~ d ` M m M N ~ Nd N N N N H r V1 ~ M N O H m N N N N H M N y1 pm an d pm dr lO m O m N W NO b b m M 0 0 M~ N N 01 M N h M d h .'I N h M F h m M b m H .i N N N m M m h O H N" N~ N M m~ m , lp N N N d Vt d N H N M N N H M N N d H N d N H N N h F m d ill N b F 01 m O n m N O O b 0 0 0 r 0 u N N m b H Yl m V b N Ill d~ N m N N M m m 0 m m O UJ m r h H N d~ M m n T C d rl m N H N N r o 01o m m N r ~oul lnNdm o.i ooo.~lo N F b M m m M M W m T h M C .1 N V N'M m .1 m m m M d N of .f O 0 d H v f dm N O ~ N h u1 N h H C N M N .i N t h 01 d M d N .i O 'i O1 01 01 Ill N O O N m 0 0 b 0 ~ N m h Dt b N F M m a O m O m N t N b o n n o N m O n m h m M '1 .M N W M o o m m ~ N n N .1 r b N F M d d m M d b~ M o o M o 0 0~ o ~ N d1 h N b 0 0 N O N .1 M~ N 111 N b m m 01 O r d N N h N F N N N N e-I 111 m N h M M N N F O N M N N M O A 01 b M H N O P. b 0 0 0 n 0 N d D1 N O F H N d N O N d O b N I N N' V1 N m .i N m N N N m O F v O M H.H N v h N M M F d N N N +-1 l h F Ill m N d W 01 m N M N H N O m O m O 0 iD M I N N W N N d m 111 M m ~ h N r' H b N O N N d' n N H m m m d F N ~ ` N N N M +-I b rl d m m F rl N ~ N r of of .ymb M m NmNOOb ino o mo N N .N H m d d N O r N O r N b N 01 F T Yl N m N h H N rl r M P N N N N rl rl m T m ri O m M N N N N n Mr mnmMd Ndill inPnooo p o o.l o N M 01 b ri N N. 01 r 01 d b H N N v N b N N i-I 01 N m m 01 d m m h v N O N N H N M Q1 O N b Oi . 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A H O H W W W oW Pw d2 H 14 WW Z 0 2 W ;sea k D C n N u m o b ul W ~ O H o° a D n m F ~ I H I ~ I m o 0 o r W n m Ol ~ ~ r7 n N El E H vh H N N ~ H n O m m H O N m p H OH Imn N ~ H o n O m m m a .1 No O m o N a N M H H O D W M o ~ VI N P~j M H m O O VI Fi r n m H m .i H O o m r In ~ h N M H N O o ul H of M h m H moovl n M U m G a ri 00oIn O m ' Ol N .2i M ~ b O ~ H b H m .1 a D Yl O O H a O w ~ m r o O m M aN U, o w O O O H M N r H 000000 0 M b o In o r M o m o 0 o N N 0 0 0 N H U1 m O r I I H m.+M o m M O ~ O N Q1 r Ol O Ill vl N O b H dt M M O O M D Ill b O O b a o N o n m In H a~ M O 01 h O m 0 O Ilt lp p b M b m N m O 0 O H N O Ol b N o N O O Ill m M M N 'a vl h m O b O b r o o m m m N a Io o .r o 0 0 0 o H V M N M N m H m m O N 0 H m O H m N o ~ In o m a C N o N m N m In m r o In o N VI b M h m N r v N o r M o o o m IIl b w a N o b o o m o m sM D H N N D H O H H m w m ~ N M b O b 0 r m n a O M Ol N H N 000 0 N. 000 0 0 00 0 000 00°0 0 0 0 o minN ammo o M.aHbo.yoDO o ~o Ill a N m U1 h N b n mm Ill n b Ifl 0 0 N N m M n N Vl ~ n H r Ol m M h m O H H V1 H N b N N O I M H Ol M O C O O m H H ~ i I I H I i I i I o In ~ m m of H n to o m r ~ m O o O N Nm ~ m M N N T VI Itl m M T m 0 0 N n N m H N n Ol m a O m N H Ol n ID m b n M b b Oa N a N .i VI M r-1 O n H Ul r ~ H m rl M H H M m M Ol a al N r M a a O M n N N Ol N~ a O e} b m m N m M m m N N O N a~ Ol m 0 0 b a Ifl m Ifl Ol m~ a m M b ul H N N m H Ifl m H m b o In n n M o ~ M~ o M M~ O N In m m H H In m M O O m M N b a r h Vl 1D N n N N Ol m n M VI M m M a v M N W M N H N N b b O m m VI m r N O O N h M N b h Ill M ~X O Itl b r m n Ol N o In r M I(1 N m Ol m n N m M b N M r v M m N N m a H N b o vl H ul o m m r Itl h M In H o al h O h m r M b H ul r In o rt m rv a m m o N H Y) m M H H O Oi m 0 a' b 0 0 0 O O In m h n m M a O I M moo Moo D o o h m m In a ' N In r b m m o o n m b o 0 o m M Ol H H Yt N b N ~ m O m M O d< M m 0 0 0 0 M H ~ H m 0 0 ~ m b n aH m O m O m M H O 1l1 h V m O N rl O M O O1 m n H N N m W r 0 V O H M m m r n In .y H m H In m o r n H H N h N Ol Yl V1 H O N Ill o N o N w O C r lp 10 N O Vt m m n c H m M m r v m m O M O M Ol O Ill b b N b O r Vl M M M N H N p H r m N N N m0 N al O M M m 0 0 0 0 lp O M m M m b b M b H Ol H H N O Ill h m N N O O O n Ol Irl O m H Ol O b O O N b 0 0 0 0 0 ~ H m m ~ N C m H N m m a 0 e>, n T 0 0 0 0 M O b IO v m b M o In o .i H N a m M W .H.. 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H a H N ul 10 w O1 N O o N N ~X y W M W M b N H F V~ ~ , W h N N M m O1 F Ih W M N m b a H W 01 m 'a m M H M H M N b n ID N W b N M F n n Ol M O W O O H O M N m H N N H M Ol h M M b m O b H M VI h Vl o O O M Ill O Ol W H O W M H T O H ul 0 0 M b O Ill Vl N O1 N ~ n N Vl m O h 0 Ol H [N m F H H M M V~ H M N n b 10 H V~ M M h H N O Ill Ol N O N d~ N H m F m V~ W O W H M V~ N N H V~ Ol O° O N H m O M F ifl H N O m O O Ol O H dr W H O VI O O N M O N m Ol 1(1 M a H N M W b O I!1 'a M Ill a b M O C W N •Y b M H m F M m Ill Ill M Ill IIl ~T M a N W m b , - ~ N m H b eX H M O W H H N H H N 1I1 M M b N O M N W N N Vl O O1 0 0 0 b n 0 b Vr O Vr F O F b O O b M o b LL1 Ill m H 0 sN o 0 W b O N Ol Ol ,y ID N O 10 W m d~ W H V~ IO , ^ F Ill Vr m N m W O O l0 W O N H M n N N F Q 01 O 01 H b F Vr 01 ul to ill N `P OI b V, V~ M lO N F '~M N Ot 01 N i i M m M In N W N W V~ b N M b N a p T D O O 0 0 Ill b O m m O Ol b o O N O O a>t m 0 Ul h b N 0 0 0 0 0 m M pr m N m V~ W O 0 0 M b N N ° N T 111 N W W 10 M O W O I(1 N M V~ F 01 H ifl O b N F lO I(1 F F a O W m H b b V~ M Ol H 1D H N M W N N M O H M ~ ~'N N N N Ill N F N U N ~ M b N 0 0 O O1 O1 O 01 Ol H O N 'tl~ N N N 01 M W W O m O1 Ol l0 F N W O O O N O M O Vl M 1!1 m Ol h 0 0 M O O b N N O1 W W N O O M N O 1(l F N m W W Ol m •M H W F Q1 I(1 M W ~ N H H I(1 0 ` Ol N sN O1 N m N b F M N W W 1(1 M O H Z H Ill W H V ID N N ut N ;w W N W O O N Ul V~ O N V~ C N M H H ~ Vl M V~ O m H N t(1 'N N N O m F O N N F b O F Ifl v 0 0 O V~ O P H M N m b F W N N d N H F b . ~ b p 1! 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O W M W ul N W F O 0 0 lO O 1I1 H Ifl H W W H H O O <N O O M b N l0 W W O U N Ill N N h Ol W sN W Ol T l0 VI Ol 'p N b O R n b v~ m N W H H W N b 0 H Ot N to M F M O W N Ill N H 'd1 H N l0 O 111 O N N F O b M M H m N Ol 'C h M N F F O H lO M H D lh Ot O O Vl b o 0 N N H 111 10 'V~ l0 M O N O o V N W b N H F W O Ill N Cl W d F M N m H N O W M W a m N m ~X Ul N M N N n a H N O N N N N N ~M W W W m U !WJ' H qN m a a z 7 v ii w z a z K z m a Wao az m ' E N H o ( ~ U F O a o v 13 N w o wp a, U H 2' P H [u[~ Ill (.7(y..~ 77 P m aZ i ~ m W W F W W W a w C H Q a H z u' W' f>: O U W H C9 b H .C W a O U W Q m H H fG O U W w Q D H SS W M a u Q a H w a W ul o H W a m w b a u a a Q a u M U o 0 Wa b W H a a Q a u m o o W aWWW u O O W W W H m a o w C:l w H w a w z w w a w m ~a o H N O M Yl 0 0 0 0 o a z o O N M 1(1 W ra H ° W N M Yl a H N M 1l1 ° 0 0 0 0 0 0 0 0 0 0 W H O H H O O o O H 0 E O O O O m H H W W r N W A'i E z O O O O O H o H H H N W F O O O O O 1 G O H H H H H H' P l E a 2 I I l r W OHOOMVIl1bOH O H F I l l a MMM MM O F R r £ MNNNN FO I mr m Wm .~1 mm H EC m N N M M ` N N N M N M M M M M M M M M f m W W m m m N u F ~ lr~i vO1i m ~ ~ ~ ~ ~ <n ~ W P o 1°in In vO1i vl ` l {{qq P b2 uWi In vl vl vl p P l In In an vl In m ~ ul In ul ul In In ul p1 C E FI rn NMNr~r~,mmN m a l~ i i i m M MMM m H ~ i ~ l 1 Q aa.na e~ b H ° a ° w~~~ ° W In In In In In In bbbbb a bb~mb {{--11 ~ , 1 n w u, H spy W H H H H H H H H H H [7 o P o 0 0 o b o 0 o H H H H H E o 0 o b o p H H H H H W o o P o o H H W H N W N £ 0 0 0 0 0 0 0 W [7 a %1 0 0 0 a 0 0 0 0 P o 0 0 0 0 IF 0 0 0 0 0 0 0 O 0 O r o W M IN H b M m U m M sar O W O O N 1n dl m r W w O b D eN r N m m 1D O W O b M O 1! 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P+ W U' D Oi r11 ~7 N W H U' ] W H W 7 W (O~ 2 ~7 7. ~Z. d W U W W ~ W uW W U m W U W C O W ' W e D U' a W W D H U' W U' D H U a U H a U H R U N Cd U H H A W U A a O H U W P 0 O O U U H O H to w U -i m O H W 41 PI U M N Z I {q 5 V) PI W V1 to W H Vi x W D W H WW O O W£? E' {Q 131 rR~C W D W D H O O W rn £ O 4 IC Iv H W D ri O£ W N H £ £ P. W H O O M m b a m W H o O M In m 0 0 o E rC a 0 H o m M o0 la H N m 0 0 0 m o 0 00000 ai u 0 o 0 H O O H H H F W H H H O H H H P H H H H H H E H O O H H H 1 1 1 1 1 o H M o 0 o H. O E ai D O 1 1 1 1 1 1 o H M o m o O H Pf I I i o H o 0 o O E 1 1 1 o 0 o D H I m I o M O E I H N N N M M M I >n N N N M M M i N N N M M M mmmmm I o] N N M mmm {q In m W O mmmmmm In In W D W (Y mmmmmm u1 in 1n m to In G1 D F H In In In 1n In D 1D v1 In In p In D H Ifi 111 N LLl 1 1 1 1 1 1 W . 1 1 1 1 1 1 N N N N W ~ I i l l i T7' d' d' dl sM m N b b b W q W N W H H H H H Ul If1 1f1 In N Ut ~ N N 1f1 117 N N U7 111 I I i I I £ m In to 1!1 Ifl I 1 1 I I 1n to N ~ Ifl .7a W I 1 I I I I H H H H H H D 1 H H H H H O H H H H H ~ H H 0 O W H o C7 C7 0 o D o 0 o x 0 o 0 0 0 0 o U 0 0 0 0 0 U 0 0 . In cr a ai_. El 0 a ~a zU ~ r~ o H N qH M D W z t W H q q O H W W U a H a o W W a W o v o e o, a~ o o W r In lD N M o r o o r `~~U`'' M M Ill lp M O 1l O O r 11 Q, N h l0 VI N O V~ O O '-i .-i H H Ol I n m 0 M O '-I U Lei 1 rl 1 M tD ~-i I ~ P r+ o N .-r ~ o o n m o o N r,' N n to N to o .-I ,-1 to a ~ d~ t0 N ~-i M M m M N Q tv H E In a In \D N to rn r., ?a O n In o N ~-i ~-1 m n a F .-i V~ .-I m h Ill N H H O ri m m m O M H M N 01 Ill H ID M r a ~-I l-I M M Ol m m ~-i m 117.. 0El H E H In M M to H QI N cn n' U S~ O H N H o H H m ~ H sr H H nl m H n o N o 0 0 o r V~ W d~ W O N N ~-I Ol N Ol OI N r Il) N H H tll lD m M M H N O r O O~ O m r O N H N Ol O O OI n m m lP Ifl Il) 1/1 M w m r In M ~ In N H N M n a o o n o 0 0 0 0 ppPi~ N O w N H d, eN Il1 H N eM H O m N 10 O lD O O m Ill m N r n M M m ap M to H H O H O N N l0 d~ N H Ill N o N o N r o 0 0 o n Ol N r l0 if1 PJ N Ot h N W (wyl ~N N N M N lp O O Ill O O O O d~ IIl N r m M Ifl d~ b W Ill h In In M N r M 1-I lP en o ul n r N NMh~rM o m U In m ~ m M o A ~-i N h M 10 n M H H In N.-looooo or N W o Ol It) - cM y m N H Ill N M z r•i O [X N w m o w to H M O O o 0 0 Fmtomlo 0 H ifi h m' H n U M H N Itl O M F .-+v~olnoooo 00 O M O N ~,y m N Ill Ifl to N N V~ H O M 0 0 0 0 0 0 4J N O lP cM m O1 l0 O ~-I ~i t'1 W H r M m H In .m 0 0 0 0 0 0 a M ~ H N w s~ rn w WU w z 0m0ma> a HH a~ w a w eau°uzzzz~w In C~a a n R U o. O O U q n cK O W Yl a~ m z z W H w z a a u U o 0 rn W O H M N M N M O O U 0 0 0 0 0 0 0 0 0 0 0 N O H N N sT sM Ili It) O O y 1 1 1 1 1 1 1 1 1 1 a W ei N H H 'i ri H H N N E fA m rn rn m m m m m m m O Ifl Il) N l11 Ifl In If1 N Ifl N H N 1 1 1 In N 111 Ifl ~ In In N Ifl N [a a r n r r r r r r n r '~KTIi W 1 1 1 1 1 1 1 1 1 W o 0 0 0 0 0 0 o c o [7 d co IL RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 01-13-1131-003 6/30/2009 TOTAL DEFERRED 6/30/2008 Balance Before Year End Accruals FY 07 Accrual Reversal FY 08 Accrual 6/30/08 Balance GROSS PASNY MONTHLY DATE CHARGES REVENUES CREDIT DEFERRED (902,868.52) (1,138,200.55) 2,946,377.19 905,308.12 Jun-08 Jul-08 7,781,944.12 6,213,986.16 - (1,567,957.96) Aug-08 5,684,278.64 6, 496, 702.10 - 812,423.46 Sep-08 4,735,865.70 6,105,632.95 - 1, 369,7 67.25 Oct-08 4,419,355.11 4,852,009.38 - 432,654.27 Nov-08 4,095,041.96 4,707,960.37 - 612,918.41 Dec-08 4,556,551.42 4,283,950.91 - (272,600.51) Jan-09 4,291,375.17 4,566,487.28 - 275,112.11 Feb-09 3,599,640.06 4,045,284.33 - 445,644.27 Mar-09 3,239,282.57 3,249,634.70 (135,855.60) (125,503.47) Apr-09 1,825,571.10 3,039,592.83 (1,123,803.91) 90,217.82 May-09 3,152,914.33 3,071,233.28 (87,525.60) (169,206.65) Jun-09 3,419,979.34 2,216,274.29 134,322.18 (1,069,382.87) TOTAL 50,801,799.52 52,848,748.58 (1,212,862.93) 834,086.13 6/30/2009 Balance Before Year End Accruals FY 08 Accrual Reversal FY 09 Accrual 6/30/09 Balance UNBILLED AMOUNTS BY FISCAL YEAR WHICH IMPACTS JUNE REVENUES: 905,308.12 (662,649.84) 149,773.62 1,519,540.87 1,952,195.14 2,565,113.55 2,292,513.04 2,567,625.15 3,013,269.42 2,887,765.9- 2,977,983J, 2,808,777.i- 1,739,394.25 2,617,698.84 (2,946,377.19) 2,068,072.60 1,739,394.25 FY 09 4,172,944.58 (FUEL CHARGE = .0590) FY 08 4,762,361.75 (FUEL CHARGE = .0840) FY 07 2,714,176.30 (FUEL CHARGE = .0341) FY 06 3,126,031.41 (FUEL CHARGE = ..0541) RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2009 RF.TTFR AT, MAMA(7F.R GENERAL MANAGER HUMAN RESOURCES COMMUNITY RELATIONS TOTAL BUSINESS ACCOUNTING CUSTOMER SERVICE MGMT INFORMATION SYS MISCELLANEOUS TOTAL ENGINEERING & 0 F ATTONS AGM E&O ENGINEERING LINE METER STATION TOTAL 'ROJECT BUILDING GENERAL BENEFITS TRANSPORTATION MATERIALS MGMT TOTAL ENERGY R:RVT F ENERGY SERVICES TOTAL RMLD TOTAL CONTRACTORS UG LINE CUST SERV TEMP TOTAL GRAND TOTAL ACTUAL 09 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN TOTAL 08 08 08 08 08 08 09 09 09 09 09 09 2 2 2 2 2 2 2 2 2 2 2 2 2 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 5 5 5 5 5 5 5 5 5 5 5 5 5 2 2 2 2 2 2 2 2 2 2 2 2 2 10 9 9 9 9 9 9 9 9 9 9 9 9 7 6 6 6 6 6 6 6 6 6 6 6 6 1 1 1 1 1 1 1 1 1 1 1 1 1 20 18 18 18 18 18 18 18 18 18 18 18 18 3 3 3 3 3 3 3 3 3 3 3 3 3 4 3 3 3 3 3 3 3 3 3 3 3 4 22 20 19 19 19 19 18 18 18 18 18 18 18 7 7 7 7 7 7 7 7 7 7 7 7 7 11 10 10 10 10 10 10 10 10 10 10 10 8 47 43 42 42 42 42 41 41 41 41 41 41 40 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 4 4 4 4 4 4 4 4 4 4 4 4 4 8 8 8 8 8 8 8 8 8 8 8 8 8 6 5 5 5 5 5 5 5 5 5 6 6 6 6 5 5 5 5 5 5 5 5 5 6 6 6 86 79 78 78 78 78 77 77 77 77 78 78 77 2 2 2 2 2 2 2 2 2 2 2 2 2 0 1 1 1 1 1 1 0 0 0 0 0 0 2 3 3 3 3 3 3 2 2 2 2 2 2 88 62 81 81 81 81 80 79 79 79 80 80 79 To: Vincent Cameron From: Energy Services Date: August 20, 2009 Subject: Purchase Power Summary - July, 2009 ATTACHMENT 3 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of July 2009. These figures are preliminary and actual numbers will be available after the fiscal year is balanced. ENERGY The RMLD's total metered load for the month was 63,578,146 kWhs, which was a decrease of 15.90 % compared to July, 2008 figures. The RMLD purchased 63,629,633 kWhs. Table 1 is a breakdown by source of the energy purchases. TABLE 1 Amount of Cost of Resource Energy Energy (kWh) ($/Mwh) Millstone 43 3,684,102 $4.61 Seabrook 5,881,586 $6.77 Stonybrook 3,007,083 $52.07 Constellation 22,320,000 $69.82 PASNY 1,548,414 $4.92 ISO Interchange 4,449,105 $40.18 NEMA Congestion 0 $0.00 Coop Resales 51,834 $132.80 Stonybrook Peaking 0 $0.00 Integrys 22,528,000 $91.68 * Braintree Watson Unit 159,509 $387.86 Monthly Total 63,629,633 $64.14 * Included in this amount is $31;404.68 of Working Capital. % of Total Total $ $ as a Energy Costs % 5.79% $17,002 0.42% 9.24% $39,816 0.98% 4.73% $156,590 3.84% 35.08% $1,558,382 38.18% 2.43% $7,618 0.19% 6.99% $178,763 4.38% 0.00% -$10,873 -0.27% 0.08% $6,883 0.17% 0.00% $15 0.00% 35.40% $2,065,374 50.60% 0.25% $61,867 1.52% 100.00% $4,081,439 100.00% Table .2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 10,925,017 31.25 17.17% Settlement RT Net Energy -6,475,912 32.89 -10.18% Settlement ISO interchange 4,449,105 28.64 6.99% (subtotal) Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of July, 2009. CAPACITY The RMLD hit a demand of 138,287 kWs, which occurred on July 28,.2009 at 5 pm. The RMLD's monthly UCAP requirement for July 2009 was 228,557 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount (kWs) Cost ($/kW-month) Total Cost $ % of Total Cost Millstone #3 4,979 64.07 $319,017 19.94% Seabrook 7,910 63.18 $499,742 31.23% Stonybrook Peaking 25,868 2.17 $56,166 3.51% Stonybrook CC 44,503 3.87 $172,210 10.76% Pasny 4,534 2.62 $11,896 0.74% HQICC 5,631 4.30 $24,223 1.51% ISO-NE Supply Auction 125,958 4.10 $515,991 32.25% Braintree Watson Unit 9,179 0.00 $942 0.06% Total 228,562 $9.02 $1,600,187 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $17,002 $319,017 $336,019 5.91% Seabrook $39,816 $499,742 $539,557 9.50% Stonybrook $156,590 $172,210 $328,801 5.79% HQ II $0 $24,223 $24,223 0.43% Constellation $1,558,382 $0 $1,558,382 27.43% PASNY $7,618 $11,896 $19,514 0.34% ISO Interchange $178,763 $515,991 $694,754 12.23% Nema Congestion -$10,873 $0 -$10,873 -0.19% Coop Resales $6,883 $0 $6,883 0.12% Stonybrook Peaking $15 $56,166 $56,181 0.99% Integrys $2,065,374 $0 $2,065,374 36.35% Braintree Watson Unit $61,867 $942 $62,809 1.11% Monthly Total $4,081,439 $1,600,187 $5,681,626 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. Capacity $1,600,187, $2,061,056 $1,491,108. . `Transmission _._...~w_ E..~ $652,458, ._,.......w_ $491,881 w.._... _ _ ~ $814,331 Total $6,334,084 $5,972,894 $10,087,405 Table 5 shows the current month vs. last month and last year (July; 2008). Memo To: Jane Parenteau From: Jared Carpenter Date: August 19, 2009 Subject: Energy Efficiency Program Update The purpose of this memo is to update the progress in the energy efficiency program. With the implementation of renewable energy programs there is additional programs to begin setting up. The programs that are now released are the Commercial Energy Initiative and the Residential Renewable Energy Rebate program. One of the components to the programs is the Renewable Energy Credit program commonly known as RFC's. Putting together a method to certify and retire the credits is the next step in our renewable energy programs. Other projects the energy efficiency program is currently working on are as follows: -On going testing of new energy equipment. Currently 8 tests on new and existing equipment have been completed. -Examining installation of solar grid on RMLD territory for REC replacement and community outreach. -Customer energy consultations (commercial and residential) -Website energy efficiency data entry -Rebate program measurement and verification analysis All of the above can be further expanded upon, and completion reports can be arranged if desired. Thank you. ATTACHMENT 4 READING MUNICIPAL LIGHT DEPARTMENT FY09 CAPITAL BUDGET VARIANCE REPORT ATTACHMENT 5 FOR PERIOD ENDING JUNE 30, 2009 Note: Highlighted numbers have changed from ^last month's draft report YTD ACTUAL ACTUAL ANNUAL Project Description COST COST BUDGET REMAINING TOWN JUNE thru 6/30/09 AMOUNT BALANCE 4 kV Retirement - Stepdown Areas 1 California Rd; Prescott and Sunnyside Sts; Walnut Street R 36,112 248,059 180,547 67,512 System Projects 2 Station #4 Getaway 4W30 Replacements 3 Forest Street 4 Salem Street Area 5 High Capacity Tie 4W1 8/3W8 Franklin Street 6 Fordham Road URD Upgrades 7 URD Completions-Sanborn Village, Reading; Perkins Farm, Lynnfield; and Chestnut Village, North Reading New Circuits and Circuit Expansions 8 Salem Street to Glen Road 13kkV Feeder Tie 9 Reading Center-Main Street 10 Reading Center-Haven Street Station Upgrades Station 4 11 Transformer Replacement Part 1 - Contractual Labor Part 2 - Procured Equipment Part 3 - RMLD Labor Part 4 - Feeder Re-Assignment Part 5 - Transformer Payments New Customer Service Connections 12 Service Installations-Commercial/Industrial Customers 13 Service Installations O/H & U/G - Residential Customers 14 Routine Construction Various Routine Construction Total Construction Projects Other Projects 15 GIS 16 Transformers/Capacitors Annual Purchases 17 Meter Annual Purchases 18 Purchase Two New Small Vehicles 19 Purchase Line Department Vehicles 20 Purchase New Single Reel Trailer 21 Security Upgrades 22 Repair Station One Roof 23 Install New Ceiling/Walls from Water Damage in Lobby 24 Grade and Asphalt Pole Yard at Station Three 25 Insulate Office Plenum 26 Replace Office Chairs 27 Hardware Upgrades 28 Software and Licensing MI 230 Ash St Paving Total Other Total RMLD Capital Project Expenditures 29 Force Account/Reimbursable Projects Total FY 09 Capital Project Expenditures R 8,909 209,629 (200,720) W - - 80,937 (80,937) W 6,150 12,880 268,561 (255,681) R - - 127,218 (127,218) W 34,019 34,179 121,170 (86,991) All - - 38,361 (38,361) W - - 78,861 (78,861) R 17,547 60,901 125,763 (64,862) R 3,158 188,729 100,245 88,485 R 169,919 170,091 2,098,100 (1,928,009) R 623 101,229 359,800 (258,571) R 19,458 110,544 665,939 (555,395) R - - 281,764 (281,764) R - 2,754,900 2,754,900 All 1,747 22,674 86,871 (64,197) All 22,194 165,514 189,626 (24,112) All 43;793 1,643,540 1;511;171 132,370 354,720 5,522,151 9,279,463 (3,757,313) 39,840 176,819 148,252 28,567 80,042 299,220 485,811 (186,591) - 87,703 171,270 (83,567) - 55,740 54,000 1,740 - 317,000 355,000 (38,000) 23,089 23,089 20,000 3,089 - 27,559 25,000 2,559 - - 205,190 (205,190) - - 20,000 (20,000) - - 90,000 (90,000) - - 50,000 (50,000) 9,851 9,851 10,000 (149) 3;;970 18,703 55,700 (36,997) 53,966 103,024 44,600 58,424 87,458 91,027 - - 298,216 1,209,735 1,734,823 (616,115) 652,936 6,731,886 11,014,287 (4,373,428) All 1,430 120,175 60,581 59,594 654,366 6,852,061 11,074,867 (4,313,834) Reading Municipal Light Department Engineering and Operations Monthly Report JUNE, 2009 FY 2009 Capital Plan 4 kV Retirement - Stepdown Areas 1. Reading - Walnut Street: continued transfers, installed and energized secondary cable Sunnyside: Continued pulling rope; installed new secondary cable, spacers, anchor, replaced transformer, and transferred services to new cable. Echo: Continued pulling rope. Fairview/Pratt Streets: Installed pulling rope, secondary cable, transformers, and tied in primary. Also transferred services to new cable. System Projects 2. Station #4 Getaway 4W30 Replacement - Reading - No activity this month. 3. Forest Street - Wilmington - Postponed to FY2011. 4. Salem Street Area - Wilmington - Reconductoring continued: Switched load; replaced conductor; installed pole. 5. High Capacity Tie 4W1 8/3W8 Franklin Street - Reading - Carried over to FY2010. 6. Fordham Road - Wilmington - Project continued: Built riser pole; installed switches; installed primary cable; installed rope; pulled in underground cable from manhole to riser; spliced; installed terminations; and did primary switching and phasing. URD Upgrades 7. URD Completions - Sanborn Village, Reading; Perkins Farm, Lynnfield; and Chestnut Village, North Reading - No activity to-date. New Circuits and Circuit Expansions 8. Salem Street to Glen Road Feeder Tie -Wilmington -Carried over to FY2010 9. Reading Center - Main Street - Pulled in underground cable from manhole to new padmount at George Washington apartments and from padmount to.vault; spliced; connected neutrals; and completed grounding 10. Reading Center - Haven Street - Area conversion (Main, Ash, Gould, and Green Sts). Substation Upgrade Projects 11. Transformer Replacement - Station 4 Part 1 - Contractual Labor - Engineering and design firm consultant invoices. Part 2 - Procured Equipment - Transformer pads. Part 3 - RMLD Labor - Chief Engineer and Senior Techs labor. Part 4 - Feeder Re-Assignment - No activity to-date. Part 5 - Transformer Payments - No further activity. New Customer Service Connections 12. Service Installations - Commercial/Industrial Customers - This item includes new service connections, upgrades, and service replacements for the commercial and industrial customers. This represents the time and materials associated with the replacement of an existing or installation of a new overhead service, the connection of an underground service, etc. This does not include the time and materials associated with pole replacements/installations, transformer replacement/installations, primary or secondary cable replacement/installations etc. This portion of the project comes under routine construction. 13. Service Installations - Residential Customers - This item includes new or upgraded overhead and underground services, temporary overhead services, and large underground development. 14. Routine Construction - The drivers of the Routine Construction budget category YTD are listed. This is not an inclusive list of all items within this category. Pole Setting/Transfers $131,136 Maintenance Overhead/Underground $617,287 Projects Assigned as Required $541,945 Pole Damage (includes knockdowns Some reimbursable $ 61,862 Station Group $ 84,048 Hazmat/Oil Spills $ 21,048 Porcelain Cutout Replacement Program $ 56,445- Lighting Street Light Connections $ 17,119 Storm Trouble $ 36,989 Underground Subdivisions $ 44,731 Miscellaneous Capital Costs $ 30,920 TOTAL $1,643,540 *In the month of June, 8 cutouts were charged under this program. Approximately 30 cutouts were installed new or replaced because of damage making a total of 38 cutouts replaced this month. 29 - Force Accounts - The Commonwealth of Massachusetts requires utility plant equipment relocations in conjunction with various roadway reconstruction projects. Reading Center Force Account Project - Connected new service to street light control cabinet and checked voltages. Route 129 (Lowell Street) Project - No activity in June. 2 Reading Municipal Light Department Engineering and Operations Monthly Reliability Report JULY, 2009 Reliability Report Two key industry standard metrics have been identified to enable the RMLD to measure and track system reliability. A rolling 12-month view is being used for the purposes of this report. Customer Average Interruption Duration Index (CAIDI) - Measures how quickly the RMLD restores power to customers when their power goes out. CAIDI = Total of Customer Interruption Duration for the Month in Minutes/ Total number of customers interrupted. RMLD System CAIDI - 40.44 minutes Industry Average - 65.91 minutes per outage (APPA 2005 Reliability Survey) On average, RMLD customers that experience an outage are restored in 40.44 minutes. 120.00 M 99.57 100 00 . 80 00 . 63.3 60 00 65- 3 . O 36.75 35.76 L- 40 00 3120 . E 1 .26 23.89 O 20 00 N . U 0 00 . Monthly minutes per outage - - - System average outage duration 40.44 Industry average outage duration 65.91 (APPA 2005 Survey) System Average Interruption Frequency (SAIFI) - Measures how many outages each customer experiences per year on average. SAIFI = Total number of customer's interrupted / Total number of customers. RMLD System Average - .69 outages per year Industry Average - 1.6 outages per year (APPA 2005 Reliability Survey) Top quartile performance for the industry is one outage or less per year. The graph below tracks the month-by-month SAIFI performance. 1 3.50 3.17 H = 3.00 m 2.50 v C 2.00 O v 1.50 0.86 0.93 0.82 0 1.00 0.66 n 79 U 0.54 Ei 0.50 - - -0.02 0.00 o`b o`' (ZIP o`b -0 RMLD monthly outage frequency - RMLD system average outage frequency .69 Industry average outage frequency 1.6 (APPA 2005 Survey) Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. 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