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HomeMy WebLinkAbout2009-06-24 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street Start Time of Regular Session: End Time of Regular Session: Attendees: Commissioners: Mary Ellen O'Neill, Chairman Philip Pacino, Secretary Ellen Kearns, Commissioner Staff: 7:30 p.m. 9:40 p.m. Reading, MA 01867 June 24, 2009 Richard Hahn, Vice Chair Robert Soli, Commissioner ttr~l ..~VED PEr,DINJG, 1001 UG 2l P I, 23 t Vinnie Cameron, General Manager Beth Ellen Antonio, Human Resources Manager Jeanne Foti, Executive Assistant Robert Fournier, Accounting/Business Manager Paula O'Leary, Operational Assistant Jane Parenteau, Energy Services Manager Kevin Sullivan, Engineering and Operations Manager Citizens' Advisory Board: Arthur Carakatsane, Citizens' Advisory Board, Chair Guest: Mary DeLai, Director of Human Resources and Finance Reading School Department Introductions Chairman O'Neill introduced Mary DeLai, Director of Human Resources and Finance, Reading School Department who presented information on the significant initiatives that the school department and town buildings are taking for energy conservation measures. Town of Reading School Department Presentation Ms. DeLai thanked the RMLD for the opportunity to make her presentation and acknowledged the good relationship the Town of Reading has with the RMLD General Manager and staff members Ms. Benson and Mr. Bilicki. Ms. DeLai explained that as a result of the RFP process, NORESCO was chosen to perform a detailed investment grade energy audit. The audit is significant, it can be taken to a financing agency because the savings are guaranteed and the savings are used to pay back the project. Ms. DeLai presented the scope of work that the school department as well as town buildings will be undertaking based on the result of the audit. Ms. DeLai reported that the total cost of the project is $5.47 million of that $3.8 million is self-sustaining. NORESCO guarantees that under Chapter 25A that the savings will be garnered annually which pays for the financing. The remainder to finance this project $1.47 million is coming from a variety of sources. Ms. DeLai reported that the town has borrowed $3.8 million initially up to a total of $5 million for this project. Ms. DeLai stated that the RMLD's municipal pilot program for rebates will provide some funding once they have demonstrated kilowatt savings to the RMLD. Monies from prior years budgets and aggressive management from the facilities department have provided funding. Mr. Hahn asked is the Town of Reading funding all the capital improvements? Ms. DeLai replied that the town will finance the $5 million and each year there will be a payment to the bonding company that will come from energy costs savings generated. If the savings do not occur NORESCO will write a check for the difference. Mr. Hahn pointed out that NORESCO does not share in the savings; however, they provide a guarantee of savings. Ms. DeLai stated that the payback is fifteen years and NORESCO has to demonstrate that they are providing savings to the town. Ms. Kearns asked if the Town of Reading is depending on the RMLD to make the plan work? Ms. DeLai stated that the RMLD is to provide a rebate in the amount of $50,000 after the Town of Reading shows that they are saving the energy outlined in the NORESCO report. Regular Session Meeting Minutes June 24, 2009 2 Town of Reading School Department Presentation Ms. Keans asked if the town has received the $50,000 payment from the RMLD? Ms. DeLai replied, "no." In order to get the funds they need to demonstrate that the kilowatt savings have been reduced and are checked by RMLD staff. Mr. Soli asked what is the schedule for the project? Ms. DeLai replied that the project will take eighteen to twenty months. Approval of April 28, 2009 Board Minutes Mr. Pacino made a motion seconded by Mr. Hahn to bring the Regular Session meeting minutes of April 28, 2009 back to the main motion. Motion carried 5:0:0. Mr. Pacino made a motion seconded by Mr. Hahn that the Regular Session meeting minutes of April 28, 2009 be approved as corrected. Motion carried 5:0:0. Approval of May 27, 2009 Board Minutes Mr. Pacino made a motion seconded by Mr. Hahn that the Regular Session meeting minutes of May 27, 2009 with the change presented by Mr. Soli to add in on page two, under Policy Committee - Update on Public Use of the RMLD Cafeteria section after the second paragraph add the following sentence, "Mr. Soli pointed out that no vote was taken at the Policy Committee meeting." Motion carried 5:0:0. Chairman O'Neill stated that she would like the Board to review the meeting minutes online and evaluate the current format because it will be discussed at the August meeting. Reports from RMLD Board Committees General Manager Committee - Chairman O'Neill Chairman O'Neill reported that Ms. Kearns had drafted the current format for the General Manager's Evaluation Form and did an excellent job on this new format. Ms. Kearns said that there was open and frank discussion at the last General Manager Committee meeting in which Mses. Kearns and O'Neill, Messrs. Hahn and Cameron were present. It is an opportunity to put the strategic plan in place with this new evaluation form. Mr. Pacino made a motion seconded by Ms. Kearns that the RMLD Board of Commissioners approve the updated General Manager Evaluation Form for the period July 1, 2009 through June 30, 2010 on the recommendation of the General Manager Committee. Motion carried 5:0:0. Power Contracts, Rate Setting, Green Power Committee - Mr. Hahn Mr. Hahn reported that the following items were discussed at the Power Contracts, Rate Setting, Green Power Committee: An analysis of the Deferred Fuel Cash Reserve (DFCR), update on RMLD's power supply and procurement plan, and an update on the Braintree Electric Light Department Watson Generating Unit. There were also updates on other projects. An update on the Green Communities Act as well as the Town of Reading Conservation program was provided at this meeting. Mr. Hahn said that at the Power Contracts, Rate Setting, Green Power Committee meeting, a motion was made to establish a range of values for the (DFCR) of $2.5 to $2.9 million, the motion was passed 2:1 at this meeting on June 8. Mr. Carakatsane stated that the Citizens' Advisory Board met on June 15, and discussed the DFCR. The CAB's consensus was that the RMLD Board adopt the Power Contracts, Rate Setting, Green Power Committee's recommendation for the $2.5 to $2.9 million funding in the (DFCR) as a means to mitigate spikes and negative values in this fund. Regular Session Meeting Minutes June 24, 2009 Power Contracts, Rate Setting, Green Power Committee - Mr. Hahn Mr. Pacino made a motion seconded by Mr. Hahn that the RMLD Board of Commissioners approve a reserve target with a range of $2.5 million to $2.9 million for the Deferred Fuel Cash Reserve Fund on the recommendations of the General Manager, Power Contracts, Rate Setting and Green Power Committee and the Citizens' Advisory Board. Mr. Soli asked to make a presentation on material he had with him that was related to the fuel charge and the DFCR. Mr. Soli made a presentation to the Board in which he argued that the proposed increase of $1 million to the DFCR target level would cost the average residential customer $12.50. Mr. Soli stated that his opinion is that other methods of estimating and managing the fuel charge should be investigated. Mr. Pacino commented that he has not seen this material prior to this meeting, which does not provide the opportunity to do homework on this presentation, and should be deferred until the next meeting. Mr. Pacino made a motion seconded by Mr. Hahn that the above motion on the Deferred Fuel Cash Reserve be tabled until the next RMLD Board meeting. Discussion ensued. Motion failed 2:3:0. Chairman O'Neill, Ms. Kearns and Mr. Soli voted against the motion. Mr. Soli provided a presentation that he said showed that increasing the Deferred Fuel Cash Reserve costs residential customers roughly $12.50 per household. Discussion followed. Chairman O Neill called for a vote on the main motion. Motion carried 4:1:0. Mr. Soli voted against this motion. Under point of order, Mr. Pacino asked that in the future that any material that any member feels important enough to be presented at a Board meeting that it be part of the Board package so that the Board members can review the material prior to the Board meeting. General Manager's Report - Mr. Cameron Mr. Cameron stated that he attended the 109th New England Restructuring Roundtable at Foley, Hoag LLP in which enabling building transmission to deliver renewable energy resources in New England was discussed. Mr. Cameron reported on the following: RMLD educated the Lynnfield Fire Department, on emergency issues related to electricity. RMLD participated in the Friends and Family Day on June 20. Jared Carpenter, Michele Benson and Priscilla Gottwald were at this event. Financial Report, May 2009 - Mr. Fournier Mr. Fournier presented the Financial Report for May 2009. See Attachment 1 Ms. Kearns asked, if the ten percent that was over budget, in the 2009 fiscal year budget due to the transmission, and distribution charges, was accounted for in the 2010 fiscal year budget? Mr. Fournier replied that for the 2010 fiscal year budget, it reflects the increases in transmission and distribution. Power Supply Report, May 2009 - Ms. Parenteau Ms. Parenteau presented the Power Supply Report for May 2009. See Attachment 2 Mr. Soli asked if the fuel cost was $.057 and was the fuel charge $:059? Regular Session Meeting Minutes June 24, 2009 4 Power Supply Report, May 2009 - Ms. Parenteau Ms. Parenteau replied that it is correct, 55 million kilowatt hours were purchased for the month of May and the sales were 52 million kilowatt hours due to the billing cycle differential. Ms. Parenteau said that the RMLD undercollected by $169,000 and the current DFCR is $2.8 million. Mr. Soli asked how the peak is determined? Ms. Parenteau replied that determination of the RMLD's new peak is based upon the peak in 2008. Energy Efficiency Update - Ms. Parenteau Residential Working with a manufacturer to provide stimulus funded co-generation units. Working on new ways to encourage energy reduction in homes including: removal of unnecessary refrigerators, unplugging chargers and other seldom used appliances, educating customers on easy and practically free ways to reduce energy bills. Acquired pricing on Smart Power Strips for potential residential distribution. New rebate programs for renewable energy installation. Working on new ways to encourage energy reduction in homes using educational tools on the new website. Exploring products that will help with energy reduction including new efficient TV's, residential management systems, etc. Energy monitoring program for step towards a "Smart Grid." "Smart Grid" ideas the RMLD needs to define this incorporate it with the strategic plan and take a course of action. Commercial Approved rebate for Town of Reading energy conservation project. Working with two customers in a proactive energy reduction plan. Working with two customers on new commercial projects and recommending to them energy efficiency ideas that are fitting for both the project and our energy efficiency goals as a community. New rebate programs for renewable energy installation, and energy reduction plans. Calculating reduction options and plans for specific heavy use commercial customers. Working with Energy New England on Wilmington energy conservation reports. Mr. Hahn said that he would like to see the reporting on such projects to look back on the monies spent that have assisted our customers with saving money on their electric bills. On another issue, Ms. Parenteau commented that the Energy Efficiency Engineer and the Key Accounts Managers will work with representatives of the Citizens' Advisory Board to inform them of the Municipal Pilot Program. Engineering and Operations Update, May 2009 - Mr. Sullivan Mr. Sullivan presented the Engineering and Operations Update for May 2009. See Attachment 3 M. G. L. c. 30B Bids RFP 2009-40 Licensed Site Professional (LSP) Services After discussion, it was agreed that RFP 2009-40 Licensed Site Professional (LSP) Services will be tabled until the next Board meeting in order that the pricing for the next lowest bidder can be provided. Regular Session Meeting Minutes June 24, 2009 M. G. L. c. 30B Bids RFP 2009-40 Licensed Site Professional (LSP) Services Ms. Kearns made a motion seconded by Mr. Soli that bid 2009-40 for Licensed Site Professional (LSP) Services be tabled to the next RMLD Board meeting. Motion carried 5:0:0. IFB 2009-41 Aerial Lift Truck Ms. Kearns asked why did the RMLD accept James A. Kiley because in the column it states "Specifications Met" and where Kiley is listed it says "No"? Mr. Cameron replied that a minor specification was not met, which was an auto boom rest. None of the other bidders included it in their bids. Ms. Kearns said that Mr. Cameron's mantra is all the specifications have to be met. Mr. Cameron asserted that this is not his mantra, according to 30B if you receive a bid that has a material change to the specifications you have to disqualify the bidder. A material change in a specification is defined as an unfair advantage to the person who would not be awarded the bid. No one bid an auto boom therefore there is no disadvantage to any of the bidders. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2009-41 for One (1) Aerial Lift Truck be awarded to James A. Kiley Co. for $161,949.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. General Discussion Chairman O Neill said that she would like a site visit to Station 5, Wildwood in Wilmington and extends this invitation to the Citizens' Advisory Board in September. Chairman O'Neill asked that the Board Secretary review unreleased prior Executive Session minutes in order that they can be released as public minutes. The Board Secretary agreed to proceed forward on the review. Wednesday, July 29, 2009 RMLD Board meets at Gaw Substation at 6:00 p.m. Wednesday, July, 29, 2009 RMLD Board Meeting Wednesday, August 26, 2009 RMLD Board Meeting CAB Rotation July; Ms. O'Neill; August; Mr. Soli; September; Ms. Kearns Citizens' Advisory Board Chairman Carakatsane reported that the CAB has developed a new meeting schedule. Regular meetings will be held on the second Monday of each month, which will start on September 14 and meetings will be every other month unless an issue arises. The RMLD Board rotation will be adjusted accordingly. Executive Session At 9:20 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to discuss legal matters and return to regular session for the sole purpose of adjournment. Motion carried by a polling of the Board 5:0:0. Mr. Soli, Aye; Ms. Kearns, Aye; Chairman O'Neill, Aye; Mr. Hahn, Aye; and Mr. Pacino, Aye. Adjournment At 9:40 p.m. Mr. Pacino made a motion seconded by Mr. Hahn to adjourn the meeting. 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 Dt: June 18, 2009 ATTACHMENT 1 To: RMLB, Vincent F. Cameron, Jr., Jeanie Foti Fr: Bob Fournier A;" Sj: May 2009 Report The results for the first eleven months ending May 31, 2009, for the fiscal year 2009 will be summarized in the following paragraphs. Overall, the year to date results are positive. No major incidents or out of the ordinary expenditures occurred. 1) Change in Net Assets or Net Income: (Page 3A) Net income or the positive change in net assets for the first eleven months was $3,029,087. The forecasted net income for this period was $3,659,098, resulting in net income being under budget by $636,608, or 17.22%. The difference between the actual fuel expense and the actual fuel revenue is $1,903,446, with revenues exceeding expenses. 2) Revenues: (Page IIB) Base revenues were over budget by $1,047,140 or 3.0%. Actual base revenues were at $35.8 million compared to the budgeted amount of $34.8 million. All sectors were over budget except for public street lighting. 3) Expenses: (Page 12A) "Purchased power base expense was $2,202,461or 10.19% over budget due to increases in transmission and capacity costs. Actual purchased power base costs were $23.8 million compared to the budgeted amount of $21.6 million. *Operating and Maintenance (O&M) expenses combined were over budget by $127,902 or 1.39%. Actual O&M expenses were $9.3 million compared to the budgeted amount of $9.2 million. The major expenses that were under budget are energy audit expense and conservation ($90,900) and maintenance of transformers ($85,000) whereas employee pensionibenefits ($62,000) and engineering expense ($55,000) are over budget. *Depreciation expense and voluntary payments to the Towns are close to budget. 4) Cash: (Page 9) '`Operating Fund balance was at $6,304,127. "Capital Funds balance was at $4,789,035. "'Rate Stabilization Fund balance was at $6,234,493. "Deferred Fuel Fund balance was at $2,808,777. 5) General Information: FY 09 audit will begin the week of August 10. Kwh sales are down 15,000,000 compared to last year's actual. Receivables 60 days and over are $280,000 or 9.0% of total balance due. Annual physical inventory will take place the last weekend of June. 6) Budget Variances: The five divisions were over budget cumulatively by $173,000, or 1.15%. 7) Trends: The fuel charge remained unchanged at $.059. TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 5/31/09 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 13,182,998.23 6,307,127.52 RESTRICTED CASH (SCH A P.9) 12,254,607.33 14,842,386.49 RESTRICTED INVESTMENTS (SCH A P.9) 2,900,000.00 4,400,000.00 RECEIVABLES, NET (SCH B P.10) 6,311,362.25 8,180,579.42 PREPAID EXPENSES (SCH B P.10) 415,588.00 1,023,808.42 INVENTORY 1,914,309.89 1,499,610.73 TOTAL CURRENT ASSETS 36,978,865.70 36,253,512.58 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 133,576.92 122,391.17 CAPITAL ASSETS, NET (SCH C P.2) 60,760,577.17 64,304,291.11 OTHER ASSETS (SCH C P.2) 19,797.20 16,313.90 TOTAL NONCURRENT ASSETS 60,913,951.29 64,442,996.18 TOTAL ASSETS 97,892,816.99 100,696,508.76 LIABILITIES CURRENT ACCOUNTS PAYABLE 6,155,245.46 5,168,391.64 CUSTOMER DEPOSITS 494,666.59 499,206.10 CUSTOMER ADVANCES FOR CONSTRUCTION 665,388.97 712,594.28 ACCRUED LIABILITIES 43,018.44 431,983.23 CURRENT PORTION OF BONDS PAYABLE 550,000.00 550,000.00 TOTAL CURRENT LIABILITIES 7,908,319.46 7,362,175.25 NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION 550,000.00 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,467,163.90 2,682,217.58 TOTAL NONCURRENT LIABILITIES 3,017,163.90 2,682,217.58 TOTAL LIABILITIES 10,925,483.36 10 044 392.83 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 59,660,577.17 63,754,291.11 RESTRICTED FOR DEPRECIATION FUND (P.9) 3,188,872.86 4,789,035.24 UNRESTRICTED 24,117,883.60 22,108,789.58 TOTAL NET ASSETS (P.3) 86,967,333.63 90,652,115.93 TOTAL LIABILITIES AND NET ASSETS 97,892,816.99 100,696,508.76 (1) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 5/31/09 SCHEDULE C PREVIOUS YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 54,943.13 NEW ENGLAND HYDRO TRANSMISSION 78,633.79 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF CAPITAL ASSETS LAND STRUCTURES AND IMPROVEMENTS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL UTILITY PLANT SCHEDULE OF OTHER ASSETS PURCHASED POWER WORKING CAPITAL UNAMORTIZED DEBT EXPENSE TOTAL OTHER ASSETS TOTAL NONCURRENT ASSETS CURRENT YEAR 46,153.24 76,237.93 133,576.92 122,391.17 1,265,842.23 1,265,842.23 7,631,409.08 7,292,476.32 8,972,438.55 11,923,689.69 42,890,887.31 43,822,282.87 60,760,577.17 64,304,291.11 14,523.70 14,523.70 5,273.50 1,790.20 60,913,951.29 64,442,996.18 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND _ STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 5/31/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: (SCH D P.11) BASE REVENUE 2,846,365.57 3,001,097.25 34,657,701.36 35,859,900.79 3.47% FUEL REVENUE 4,327,965.55 3,071,233.28 38,964,117.11 50,632,474.29 29.95% PURCHASED POWER CAPACITY 380,882.27 42,855.35 2,110,085.70 2,396,706.33 13.58% FORFEITED DISCOUNTS 50,601.89 67,969.78 785,764.01 790,942.65 0.66% ENERGY CONSERVATION REVENUE 0.00 42,808.95 0.00 355,744.41 100.00% PASNY CREDIT 0.00 (87,525.60) 0.00 (1,347,185.11) 100.00% TOTAL OPERATING REVENUES 7,605,815.28 6,138,439.01 76,517,668.18 88,688,583.36 15.91% OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME PERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY 1,771,275.65 2,251,494.42 20,128,732,14 23,813,971.71 18.31% 4,383,963.50 3,152,914.33 41,210,423.05 47,381,842.76 14.98% 644,042.21 640,695.30 7,287,739.99 7,238,298.52 -0.68% 168,706.66 179,434.90 2,182,103.71 2,076,492.65 -4.84% 250,525.00 261,200.00 2,755,775.00 2,873,200.00 4.26% 96,400.00 100,750.00 1,046,861.00 1,084,981.00 3.64% 7,314,913.02 6,586,488,95 74,611,634.89 84,468,786.64 13.21% 290,902.26 (448,049.94) 1,906,033.29 4,219,796.72 121.39% 24,732.82 1,164.00 198,389.43 247,027.96 24.52% (172,777.67) (176,060.33) (1,900,554.35) (1,936,664.65) 1.90% 68,564.42 56,513.13 540,064.85 378,978.18 -29.83% (6,876.39) (3,850.08) (75,398.51) (43,017.32) -42.95% 2,013.31 1,380.81 3D9,035.11 162,966.35 -47.27% (84,343.51) (120,852.47) (928,463.47) (1,190,709.48) 28.25% 206,558.75 (568,902.41) 977,569.82 3,029,087.24 209.86% 85,989,763.81 87,623,028.69 1.90% 86,967,333.63 90,652,115.93 4.24% (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 5/31/09 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FIVE MONTHS REFORECASTED REFORECASTED ACTUAL BUDGET YEAR TO DATE YEAR TO DATE** VARIANCE* CHANGE 35,859,900.79 34,812,760.39 1,047,140.40 3.01% 50,632,474.29 53,948,558.87 (3,316,084.58) -6.15% 2,396,706.33 2,285,282.37 111,423.96 4.88% 790,942.65 767,703.27 23,239.38 3.03% 355,744.41 358,899.00 (3,154.59) -0.88% (1,347,185.11) 0.00 (1,347,185.11) 100.00% 88,688,583.36 92,173,203.90 (3,484,620.54) -3.78% 23,813,971.71 21,611,510.00 2,202,461.71 10.19% 47,381,842.76 52,665,245.00 (5,283,402.24) -10.03% 7,238,298.52 7,134,395.00 103,903.52 1.46% 2,076,492.65 2,052,494.00 23,998.65 1.17% 2,873,200.00 2,856,365.00 16,835.00 0.59% 1,084,981.00 1,056,646.00 28,335.00 2.68% 84,468,786.64 87,376,655.00 (2,907,868.36) -3.33% 4,219,796.72 4,796,548.90 (576,752.18) -12.02% 247,027.96 306,478.04 (59,450.08) -19.40% (1,936,664.65) (1,936,663.00) (1.65) 0.00% 378,978.18 409,098.61 (30,120.43) -7.36% (43,017.32) (43,030.00) 12.68 -0.03% 162,966.35 126,665.44 36,300.91 28.66% (1,190,709.48) (1,137,450.91) (53,258.57) 4.68% 3,029,087.24 3,659,097.99 (630,010.75) -17.22% 87,623,028.69 85,989,763.81 1,633,264.88 90,652,115.93 89,648,861.80 1,003,254.13 1.90% 1.12 % (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 5/31/09 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 MAY PAID ADDITIONS TO GAW THRU MAY PAID ADDITIONS TO GAW FROM FY 08 GENERAL LEDGER CAPITAL FUNDS BALANCE 5/31/09 2,937,734.92 2,112,401.00 72,569.02 2,873,200.00 44,514.90 2,946,923.12 1,891,999.94 12,879,342.90 3,251,384.60 2,946,923.12 1, 891, 999. 94 4,789,035.24 (4) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 5/31/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 17,075,871 16,994,421 229,357,474 228,277,177 -0.47% COMM. AND INDUSTRIAL SALES 35,234,595 32,620,422 399,715,800 387,196,960 -3.13% PRIVATE STREET LIGHTING 71,513 71,309 788,080 783,135 -0.63% TOTAL PRIVATE CONSUMERS 52,381,979 49,686,152 629,861,354 616,257,272 -2.1691. MUNICIPAL SALES: STREET LIGHTING 241,797 239,323 2,653,943 2,645,889 -0.3091. MUNICIPAL BUILDINGS 1,953,011 768,825 22,924,653 10,938,372 -52.29% TOTAL MUNICIPAL CONSUMERS 2,194,808 1,008,148 25,578,596 13,584,261 -46.89% SALES FOR RESALE 220,416 211,849 2,959,744 3,047,048 2.95% SCHOOL 0 1,154,929 0 10,721,137 100.00% TOTAL KILOWATT HOURS SOLD 54,797;203 52,061,078 658,399,694 643,609,718 -2.255. (5) TOWN OF READING, MASSACHUSETTS MUNI CIPAL LIGHT DEP ARTMENT KILOWATT HOURS SOLD BY TOWN 5/31/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 16,994,421 5,481,864 2,230,722 3,993,493 5,288,342 INDUSTRIAL C 33,389,247 4,302,751 384,934 5,974,143 22,727,419 PUB.ST.LIGHTS 239,323 80,771 32,851 39,688 86,013 PRV.ST.LIGHTS 71,309 13,867 1,360 21,601 34,481 CO-OP RESALE 211,849 211,849 0 0 0 SCHOOL 1,154,929 427,761 247,235 143,560 336,373 TOTAL 52,061,078 10,518,863 2,897,102 10,172,485 28,472,628 YEAR TO DATE RESIDENTIAL 228,277,177 72,484,699 31,901,383 53,229,093 70,662,002 INDUSTRIAL C 398,135,332 51,705,535 5,192,750 69,502,503 271,734,544 PUB.ST.LIGHTS 2,645,889 902,557 361,421 435,856 946,055 PRV.ST.LIGHTS 783,135 151,849 15,000 238,235 378,051 CO-OP RESALE 3,047,048 3,047,048 0 0 0 SCHOOL 10,721,137 4,029,053 2,101,569 1,339,800 3,250,715 TOTAL 643,609,718 132,320,741 39,572,123 124,745,487 346,971,367 LAST YEAR TO DATE RESIDENTIAL 229,357,474 73,395,367 32,636,108 52,503,588 70,822,411 INDUSTRIAL C 422,640,453 54,351,181 7,398,491 74,801,659 286,089,122 PUB.ST.LIGHTS 2,653,943 918,317 361,522 433,533 940,571 PRV.ST.LIGHTS 788,080 154,555 15,180 247,310 371,035 CO-OP RESALE 2,959,744 2,959,744 0 0 0 SCHOOL 0 0 0 0 0 TOTAL 658,399,694 131,779,164 40,411,301 127,986,090 358,223,139 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 32.64% 10.53% 4.28% 7.67% 10.16% INDUSTRIAL C 64.13% 8.26% 0.74% 11.48% 43.65% PUB.ST.LIGHTS 0.46% 0.16% 0.06% 0.08% 0.16% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.045. 0.07% CO-OP RESALE 0.41% 0.41% 0.00% 0.009. 0.00% SCHOOL 2.22% 0.82% 0.47% 0.28% 0.65% TOTAL 100.00% 20.20% 5.56% 19.55% 54.69% YEAR TO DATE RESIDENTIAL 35.47% 11.26% 4.96% 8.27% 10.98% INDUSTRIAL C 61.86% 8.03% 0.81% 10.80% 42.22% PUB.ST.LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% PRV.ST.LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% CO-OP RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 1.67% 0.63% 0.33% 0.21% 0.50% TOTAL 100.00% 20.55% 6.16% 19.39% 53.90% LAST YEAR TO DATE RESIDENTIAL 36.52% 11.15% 4.96% 7.97% 10.76% INDUSTRIAL C 62.59% 8.26% 1.12% 11.36% 43.45% PUB.ST.LIGHTS 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 0.45% 0.45% 0.00% 0.00% 0.00% SCHOOL 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL 100.00% 20.02% 6.13% 19044% 54.41% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 5/31/09 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) 88,776,108.96 67,659.83 9,615.24 (84,384,642.60) (28,600.00) (14,417.32) 4,425,724.11 (7) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 5/31/09 MONTH OF MONTH OF % CHANGE YEAR THRU MAY 2008 MAY 2009 2008 2009 MAY 2008 MAY 2009 SALE OF KWH (P.5) 54,797,203 52,061,078 1.71% -2.25% 658,399,694 643,609,718 KWH PURCHASED 57,049,962 55,299,253 0.81% -2.96% 680,028,549 659,933,256 AVE BASE COST PER KWH 0.031048 0.040715 11.40% 21.91% 0.029600 0.036085 AVE BASE SALE PER KWH 0.051944 0.056930 -1.11% 5.855. 0.052639 0.055717 AVE COST PER KWH 0.107892 0.097730 34.18% 19.60% 0.090201 0.107883 AVE SALE PER KWH 0.130925 0.115315 17.53% 20.18% 0.111819 0.134386 FUEL CHARGE REVENUE (P.3) 4,327,965.55 3,039,592.83 43.64% 29.95% 38,964,117.11 50,632,474.29 LOAD FACTOR 70.13% 66.74% SIC LOAD 111,438. 113,508 (8) 60 AAA 60 Udv 60 dvw 60 933 60 Nvr > 80 034 80 AON 80100 80 d3S 80 onv C) 4- 80 -inr 80 Nnr 80 AM 80 adv so dvw 80 933 80 Nvr LO 03G LO AON LO 100 LO d3S LO E)nv Lo lnr LO Nnr LO ,wW LO uciv LO UM LO 933 LO Nvr 9003C 90 AON 90100 90 d3S 90 env 90 inr 90 Nnr 90 AVA T T O 0 0 0 0 0 6 c> ( a 6 a 6 a 6 a 6 0- 6 0- 0 ~ I I I i ~ , I i j I I I I i i I I ~ ~ ' I I ! I I ~ j I I i I i I I ~ ~ I I I I I j I i I I I i ~ I I I A TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 5/31/09 SCHEDULE A PREVIOUS YEAR CURRENT YEAR UNRESTRICTED CASH CASH - OPERATING FUND 13,179,998.23 6,304,127.52 CASH - PETTY CASH 3,000.00 3,000.00 TOTAL UNRESTRICTED CASH 13,182,998.23 6,307,127.52 RESTRICTED CASH CASH - DEPRECIATION FUND 3,188,872.86 4,789,035.24 CASH - TOWN PAYMENT 1,376,265.00 1,384,000.00 CASH - BOND PAYMENTS 564,542.00 532,400.00 CASH - DEFERRED FUEL RESERVE 308,972.26 2,808,777.12 CASH - RATE STABILIZATION FUND 5,040,874.43 3,334,493.03 CASH - UNCOLLECTIBLE ACCTS RESERVE 28,988.15 28,988.15 CASH- SICK LEAVE BENEFITS 1,066,174.32 1,280,235.13 CASH - INSURANCE RESERVE 35,251.72 35,251.72 CASH - HAZARD WASTE RESERVE 150,000.00 150,000.00 CASH - CUSTOMER DEPOSITS 494,666.59 499,206.10 TOTAL RESTRICTED CASH 12,254,607.33 14,842,386.49 RESTRICTED INVESTMENTS RATE STABILIZATION * 1,400,000.00 2,900,000.00 SICK LEAVE BENEFITS 1,500,000.00 1,500,000.00 TOTAL RESTRICTED INVESTMENTS 2,900,000.00 4,400,000.00 TOTAL CASH BALANCE 28,337,605.56 25,549,514.01 MAY 2008 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 12/26/03; INT 3.50%; MATURITY 12/15/09 FED HOME LOAN MTG CORP 500,000.00; DTD 12/26/03; INT 4.00%; MATURITY 12/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 08/26/04; INT 4.00%; MATURITY 08/26/14 FED HOME LOAN MTG CORP 500,000.00; DTD 03/10/04; INT 3.50%; MATURITY 03/10/14 MAY 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; DTD 11/13/07; INT 5.25%; MATURITY 11/13/17 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 5/31/09 PREVIOUS YEAR SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 3,700,887.75 ACCOUNTS RECEIVABLE - OTHER 188,738.08 ACCOUNTS RECEIVABLE - LIENS 80,148.33 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 SALES DISCOUNT LIABILITY (194,649.71) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (179,005.66) TOTAL ACCOUNTS RECEIVABLE BILLED 3,597,185.95 UNBILLED ACCOUNTS RECEIVABLE 2,714,176.30 TOTAL ACCOUNTS RECEIVABLE, NET SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREPAYMENT PURCHASED POWER PREPAYMENT PASNY TOTAL PREPAYMENT 6,311,362.25 538,118.49 (316,701.14) 194,170.65 415,588.00 SCHEDULE B CURRENT YEAR 3,392,961.25 266,673.99 131,356.33 1,067.16 (203,976.80) (169,864.26) 3,418,217.67 4,762,361.75 8,180,579.42 496,828.72 195,652.99 331,326.71 1,023,808.42 * ACCOUNTS RECEIVABLE AGING APRIL 2009: RESIDENTIAL AND COMMERCIAL 3,392,961.25 LESS: SALES DISCOUNT LIABILITY (203,976.80) GENERAL LEDGER BALANCE 3,188,984.45 CURRENT 2,529,983.04 79.33% 30 DAYS 379,146.16 11.890 60 DAYS 131,046.40 4.11% 90 DAYS 63,685.48 2.00% OVER 90 DAYS 85,123.37 2.67% TOTAL 3,188,984.45 100.00% (10) SALES OF ELECTRICITY: RESIDENTIAL SALES COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING TOTAL PRIVATE CONSUMERS MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS TOTAL MUNICIPAL CONSUMERS SALES FOR RESALE SCHOOL SUB-TOTAL rQRFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL PASNY CREDIT TOTAL REVENUE TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 5/31/09 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 2,437,461.50 2,190,703.76 28,017,935.25 33,298,396.14 18.85% 4,386,600.58 3,574,662.83 42,186,731.65 49,067,566.77 16.31% 11,366.08 10,135.70 110,198.61 125,286.48 13.69% 6,835,428.16 5,775,502.29 70,314,865.51 82,491,249.39 17.32% 49,915.52 45,593.61 499,236.10 549,883.32 10.14% 255,518.34 90,808.09 2,578,928.84 1,618,705.02 -37.23% 305,433.86 136,401.70 3,078,164.94 2,168,588.34 -29.55% 33,469.10 25,774.09 228,788.02 440,214.46 92.41% 0.00 134,652.45 0.00 1,392,322.89 100.00% 7,174,331.12 6,072,330.53 73,621,818.47 86,492,375.08 17.48% 50,601.89 67,969.78 785,764.01 790,942.65 0.66% 380,882.27 42,855.35 2,110,085.70 2,396,706.33 13.58% 0.00 8,503.53 0.00 77,371.66 100.00% 0.00 34,305.42 0.00 278,372.75 100.00% 0.00 (87,525.60) 0.00 (1,347,185.11) 100.00% 7,605,815.28 6,138,439.01 76,517,668.18 88,688,583.36 15.91% (ii) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 5/31/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 2,190,703.76 708,556.21 286,631.93 514,333.81 681,181.81 INDUS/MUNI BLDG 3,665,470.92 491,723.73 45,788.14 658,105.35 2,469,853.70 PUB.ST.LIGHTS 45,593.61 15,992.37 5,594.02 7,516.21 16,491.01 PRV.ST.LIGHTS 10,135.70 1,932.76 193.96 3,218.74 4,790.24 CO-OP RESALE 25,774.09 25,774.09 0.00 0.00 0.00 SCHOOL 134,652.45 50,082.60 28,079.63 17,317.90 39,172.32 TOTAL 6,072,330.53 1,294,061.76 366,287.68 1,200,492.01 3,211,489.08 THIS YEAR TO DATE RESIDENTIAL 33,298,396.14 10,593,396.37 4,649,626.65 7,758,830.99 10,296,542.13 INDUS/MUNI BLDG 50,686,271.79 6,831,355.30 710,294.16 8,870,420.36 34,274,201.97 PUB.ST.LIGHTS 549,883.32 193,799.90 67,908.01 90,164.26 198,011.15 PRV.ST.LIGHTS 125,286.48 23,883.25 2,412.51 39,761.34 59,229.38 CO-OP RESALE 440,214.46 440,214.46 0.00 0.00 0.00 SCHOOL 1,392,322.89 522,389.07 269,004.57 179,021.69 421,907.56 TOTAL 86,492,375.08 18,605,038.35 5,699,245.90 16,938,198.64 45,249,892.19 LAST YEAR TO DATE RESIDENTIAL 28,017,935.25 9,011,785.92 3,946,580.03 6,412,329.17 8,647,240.13 INDUS/MUNI BLDG 44,763,272.43 6,168,993.54 833,061.84 7,864,706.17 29,896,510.88 PUB.ST.LIGHTS 499,236.10 178,240.57 60,890.50 81,159.50 178,945.53 PRV.ST.LIGHTS 110,198.61 20,948.52 2,171.43 36,218.83 50,859.83 CO-OP RESALE 231,176.08 231,176.08 0.00 0.00 0.00 SCHOOL 0.00 TOTAL 73,621,818.47 15,611,144.63 4,842,703.80 14,394,413.67 38,773,556.37 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 36.08% 11.67% 4.72% 8.47% 11.22% INDUS/MUNI BLDG 60.36% 8.10% 0.75% 10.84% 40.67% PUB.ST.LIGHTS 0.75% 0.26% 0.09% 0.12% 0.28% PRV.ST.LIGHTS 0.17% 0.03% 0.00% 0.05% 0.09% CO-OP RESALE 0.42% 0.42% 0.00% 0.00% 0.00% 4 SCHOOL 2.22% 0.82% 0.46% 0.2991. 0.65% TOTAL 100.00% 21.30% 6.02% 19.77% 52.91% THIS YEAR TO DATE RESIDENTIAL 38.50% 12.25% 5.38% 8.97% 11.90% INDUS/MUNI BLDG 58.60% 7.90% 0.82% 10.26% 39.62% PUB.ST.LIGHTS 0.64% 0.22% 0.08% 0.10% 0.24% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.05% 0.06% CO-OP RESALE 0.51% 0.51% 0.00% 0.00% 0.00% SCHOOL 1.61% 0.60% 0.31% 0.21% 0.49% TOTAL 100.00% 21.5191. 6.59% 19.59% 52.31% LAST YEAR TO DATE RESIDENTIAL 38.06% 12.24% 5.36% 8.71% 11.75% INDUS/MUNI BLDG 60.80% 8.38% 1.13% 10.68% 40.61% PUB.ST.LIGHTS 0.68% 0.24% 0.08% 0.11% 0.25% PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07%i% CO-OP RESALE 0.31% 0.31% 0.00% 0.00% 0.00% SCHOOL 0.00% 0.0091. 0.00% 0.00% 0.00% TOTAL 100.00% 21.20% 6.57% 19.55% 52.68% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 5/31/0 9 SCHEDULE F REFORECASTED ACTUAL BUDGET YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE SALES OF ELECTRICITY: RESIDENTIAL 15,321,478.34 14,318,201.10 1,003,277.24 7.01% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 19,390,600.13 19,368,884.78 21,715.35 0.11% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING` 344,327.09 406,299.54 (61,972.45) -15.25% SALES FOR RESALE 187,010.75 119,965.10 67,045.65 55.89% SCHOOL 616,484.48 599,409.87 17,074.61 2.85% TOTAL BASE SALES 35,859,900.79 34,812,760.39 1,047,140.40 3.01% TOTAL FUEL SALES 50,632,474.29 53,948,558.87 (3,316,084.58) -6.15% TOTAL OPERATING REVENUE 86,492,375.08 88,761,319.26 (2,268,944.18) -2.56% FORFEITED DISCOUNTS 790,942.65 767,703.27 23,239.38 3.03% PURCHASED POWER CAPACITY 2,396,706.33 2,285,282.37 111,423.96 4.88% ENERGY CONSERVATION - RESIDENTIAL 77,371.66 74,449.00 2,922.66 3.93% ENERGY CONSERVATION - COMMERCIAL 278,372.75 284,450.00 (6,077.25) -2.14% PASNY CREDIT (1,347,185.11) 0.00 (1,347,185.11) 100.00% TOTAL OPERATING REVENUES 88,688,583.36 92,173,203.90 (3,484,620.54) -3.78% * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FIVE MONTHS REFORECASTED (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 5/31/09 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR YTD OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 1,771,275.65 2,251,494.42 20,128,732.14 23,813,971.71 18.31% OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 36,117.19 34,312.22 297,451.85 355,210.79 19.42% STATION SUP LABOR AND MISC 6,009.57 18,893.22 89,914.57 86,733.40 -3.5491 LINE MISC LABOR AND EXPENSE 57,111.31 64,366.59 646,095.24 581,224.20 -10.04% STATION LABOR AND EXPENSE 38,572.41 40,820.51 444,890.11 434,858.76 -2.25% STREET LIGHTING EXPENSE 3,277.50 3,241.43 54,226.67 61,000.87 12.49% METER EXPENSE 34,037.69 28,830.58 359,367.09 368,938.21 2.66% MISC DISTRIBUTION EXPENSE 27,935.11 28,255.35 302,438.24 310,441.87 2.65% METER READING LABOR & EXPENSE 4,848.73 4,701.15 61,275.09 64,927.99 5.96% ACCT & COLL LABOR & EXPENSE 115,803.40 101,555.21 1,447,655.28 1,334,066.21 -7.85% UNCOLLECTIBLE ACCOUNTS 8,333.33 10,400.00 91,666.63 114,400.00 24.80% ENERGY AUDIT EXPENSE 41,210.26 15,946.81 466,417.40 428,864.86 -8.0591. ADMIN & GEN SALARIES 59,864.96 60,291.77 677,958.87 700,669.66 3.35% OFFICE SUPPLIES & EXPENSE 21,501.54 24,177.55 219,841.11 260,252.73 18.38% OUTSIDE SERVICES 39,558.66 38,042.57 375,633.86 205,875.40 -45.19% PROPERTY INSURANCE 26,282.23 31,019.93 294,487.61 311,165.04 5.66% INJURIES AND DAMAGES 6,607.55 4,710.17 58,129.83 58,240.13 0.19% EMPLOYEES PENSIONS & BENEFITS 89,359.39 43,031.39 1,047,729.11 1,056,261.03 0.81% MISC GENERAL EXPENSE 12,960.01 6,495.98 169,441.30 144,978.75 -14.44% RENT EXPENSE 14,651.37 13,993.07 183,120.13 179,590.82 -1.93% ENERGY CONSERVATION 0.00 67,609.80 0.00 180,597.80 100.00% TOTAL OPERATION EXPENSES 644,042.21 640,695.30 7,287,739.99 7,238,298.52 -0.68% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.08 227.08 2,497.90 2,497.90 0.00% MAINT OF STRUCT AND EQUIPMT 29,939.58 16,423.15 302,028.65 227,977.37 -24.52% PLAINT OF LINES - OH 78,219.85 83,842.76 1,155,384.27 1,045,181.48 -9.54% MAINT OF LINES - UG 7,503.38 18,593.71 102,675.20 132,075.52 28.63% MAINT OF LINE TRANSFORMERS 6,868.67 5,705.87 68,387.06 55,108.82 -19.42% MAINT OF ST IT & SIG SYSTEM (2.75) (10.71) 62.46 14.04 -77.52% MAINT OF GARAGE AND STOCKROOM 55,931.96 42,337.66 458,736.10 527,778.67 15.05% MAINT OF METERS 0.00 0.00 0.00 0.00 0.00% MAINT OF GEN PLANT (9,981.11) 12,315.38 92,332.07 85,858.85 -7.01% TOTAL MAINTENANCE EXPENSES 168,706.66 179,434.90 2,182,103.71 2,076,492.65 -4.84% DEPRECIATION EXPENSE 250,525.00 261,200.00 2,755,775.00 2,873,200.00 4.26% PURCHASED POWER FUEL EXPENSE 4,383,963.50 3,152,914.33 41,210,423.05 47,381,842.76 14.98% VOLUNTARY PAYMENTS TO TOWNS 96,400.00 100,750.00 1,046,861.00 1,084,981.00 3.64% TOTAL OPERATING EXPENSES 7,314,913.02 6,586,488.95 74,611,634.89 84,468,786.64 13.21% (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/09 SCHEDULE G 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 MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMENT 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 * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FIVE MONTHS REFORECASTED REFORECASTED ACTUAL BUDGET YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 23,813,971.71 21,611,510.00 2,202,461.71 10.19% 0.00 0.00 0.00 0.00% 355,210.79 299,599.00 55,611.79 18.56% 86,733.40 64,013.00 22,720.40 35.4991. 581,224.20 545,830.00 35,394.20 6.48% 434,858.76 435,375.00 (516.24) -0.12% 61,000.87 59,967.00 1,033.87 1.72% 368,938.21 357,246.00 11,692.21 3.27% 310,441.87 301,606.00 8,835.87 2.93% 64,927.99 65,887.00 (959.01) -1.46% 1,334,066.21 1,341,116.00 (7,049.79) -0.53% 114,400.00 114,400.00 0.00 0.00% 428,864.86 700,424.00 (271,559.14) -38.77% 700,669.66 706,835.00 (6,165.34) -0.87% 260,252.73 225,228.00 35,024.73 15.55% 205,875.40 217,834.00 (11,958.60) -5.49% 311,165.04 336,648.00 (25,482.96) -7.57% 58,240.13 54,034.00 4,206.13 7.78% 1,056,261.03 994,235.00 62,026.03 6.24% 144,978.75 139,811.00 5,167.75 3.70% 179,5.90.82 174,307.00 5,283.82 3.03% 180,597.80 0.00 180,597.80 100.0091. 7,238,298.52 7,134,395.00 103,903.52 1.46% 2,497.90 2,612.00 (114.10) -4.3791. 227,977.37 186,295.00 41,682.37 22.37% 1,045,181.48 1,003,796.00 41,385.48 4.12% 132,075.52 114,899.00 17,176.52 14.95% 55,108.82 140,697.00 (85,588.18) -60.83% 14.04 4,585.00 (4,570.96) -99.69% 527,778.67 519,522.00 8,256.67 1.59% 0.00 7,549.00 (7,549.00) -100.00% 85,858.85 72,539.00 13,319.85 18.36% 2,076,492.65 2,052,494.00 23,998.65 1.17% 2,873,200.00 2,856,365.00 16,835.00 0.59% 47,381,842.76 52,665,245.00 (5,283,402.24) -10.03% 1,084,981.00 1,056,646.00 28,335.00 2.68% 84,468,786.64 87,376,655.00 (2,907,868.36) -3.3351. (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/09 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 23,813,971.71 (982,985.71) -4.31% OPERATION SUPER AND ENGIN-TRANS VC 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP VC 267,439.00 355,210.79 (87,771.79) -32.82% STATION SUP LABOR AND MISC VC 44,387.00 86,733.40 (42,346.40) -95.40% LINE MISC LABOR AND EXPENSE VC 579,502.00 581,224.20 (1,722.20) -0.30% STATION LABOR AND EXPENSE VC 531,966.00 434,858.76 97,107.24 18.25% STREET LIGHTING EXPENSE VC 73,805.00 61,000.87 12,804.13 17.35% METER EXPENSE DA 419,257.00 368,938.21 50,318.79 12.00% MISC DISTRIBUTION EXPENSE JD 338,358.00 310,441.87 27,916.13 8.25% METER READING LABOR & EXPENSE DA 66,356.00 64,927.99 1,428.01 2.15% ACCT & COLL LABOR & EXPENSE RF 1,662,842.00 1,334,066.21 328,775.79 19.77% UNCOLLECTIBLE ACCOUNTS RF 125,000.00 114,400.00 10,600.00 8.48% ENERGY AUDIT EXPENSE JP 996,638.00 428,864.86 567,773.14 56.97% ADMIN & GEN SALARIES VC 816,337.00 700,669.66 115,667.34 14.17% OFFICE SUPPLIES & EXPENSE VC 226,000.00 260,252.73 (34,252.73) -15.16% OUTSIDE SERVICES VC 475,400.00 205,875.40 269,524.60 56.69% PROPERTY INSURANCE JD 429,500.00 311,165.04 118,334.96 27.55% INJURIES AND DAMAGES JD 54,651.00 58,240.13 (3,589.13) -6.57% EMPLOYEES PENSIONS & BENEFITS JD 823,600.00 1,056,261.03 (232,661.03) -28.25% MISC GENERAL EXPENSE VC 251,053.00 144,978.75 106,074.25 42.25% RENT EXPENSE JD 212,000.00 179,590.82 32,409.18 15.29% ENERGY CONSERVATION JP 0.00 180,597.80 (180,597.80) 0.00% TOTAL OPERATION EXPENSES 8,394,091.00 7,238,298.52 1,155,792.48 13.77% MAINTENANCE EXPENSES: i MAINT OF TRANSMISSION PLANT VC 3,000.00 2,497.90 502.10 16.74%''- NAINT OF STRUCT AND EQUIPMT VC 101,354.00 227,977.37 (126,623.37) -124.93% MAINT OF LINES - OH VC 1,243,249.00 1,045,181.48 198,067.52 15.93% MAINT OF LINES - UG VC 105,935.00 132,075.52 (26,140.52) -24.68% MAINT OF LINE TRANSFORMERS VC 216,000.00 55,108.82 160,891.18 74.49% MAINT OF ST LT & SIG SYSTEM JD 10,979.00 14.04 10,964.96 99.87% MAINT OF GARAGE AND STOCKROOM JD 631,720.00 527,778.67 103,941.33 16.45% NAINT OF METERS DA 18,558.00 0.00 18,558.00 100.00% NAINT OF GEN PLANT RF 135,000.00 85,858.85 49,141.15 36.40% TOTAL MAINTENANCE EXPENSES 2,465,795.00 2,076,492.65 389,302.35 15.79% DEPRECIATION EXPENSE RF 3,175,200.00 2,873,200.00 302,000.00 9.51% PURCHASED POWER FUEL EXPENSE JP 54,551,431.00 47,381,842.76 7,169,588.24 13.14% VOLUNTARY PAYMENTS TO TOWNS RF 1,209,000.00 1,084,981.00 124,019.00 10.26% TOTAL OPERATING EXPENSES 92,626,503.00 84,468,786.64 8,157,716.36 8.81% (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 5/31/09 PROFESSIONAL SERVICES BY PROJECT REFORECASTED YTD BUDGET ITEM DEPARTMENT ACTUAL YEAR TO DATE VARIANCE 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 30,250.00 30,250.00 0.00 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 4,100.00 4,100.00 0.00 3 LEGAL- FERC/ ISO ISSUES ENERGY SERVICE 5,267.70 5,268.00 (0.30) 4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 38,459.66 48,961.00 (10,501.34) 5 PROFESSIONAL SERVICES ENERGY SERVICE 14,183.46 24,910.00 (10,726.54) 6 PROFESSIONAL SERVICES E & 0 4,485.11 1,225.00 3,260.11 7 NERC COMPLIANCE STATION 5 ENGINEERING 500.00 7,500.00 (7,000.00) 8 LEGAL SERVICES- GENERAL GM 41,349.72 36,238.00 5,111.72 9 LEGAL SERVICES- ARBITRATION HR 17,566.04 27,164.00 (91597.96) 10 LEGAL GENERAL HR 11,954.81 3,460.00 8,494.81 11 LEGAL GENERAL BLDG. MAINT. 3,286.50 12,395.00 (9,108.50) 12 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 0.00 0.00 13 ENVIRONMENTAL BLDG. MAINT. 0.00 0.00 0.00 14 COOLING TOWER REPLACEMENT DEGIGN BLDG. MAINT. 1,000.00 0.00 1,000.00 15 LEGAL GEN. BENEFIT 2,796.16 4,165.00 (1,368.84) 16 PROPERTY APPRAISAL GEN. BENEFIT 6,853.68 0.00 6,853.68 17 COST OF SERVICE STUDY GM 6,749.56 6,750.00 (0.44) 18 MMWEC BILLING GM 3,333.00 1,111.00 2,222.00 19 COGSDALE SYSTEM DIAGNOSTIC EVALUATION ACCOUNTING 7,550.00 4,337.00 3,213.00 20 PASNY PROJECT BOARD 6,190.00 0.00 6,190.00 TOTAL 205,875.40 217,834.00 (11,958.60) PROFESSIONAL SERVICES BY VENDOR ACTUAL RUBIN AND RUDMAN 69,361.30 DUNCAN AND ALLEN 15,630.94 CHOATE HALL AND STEWART 26,776.65 DENACO PARKER- ARBITRATOR 1,144.20 PLM ELECTRIC 2,235.11 STONE CONSULTING 4,100.00 MELANSON, HEATH AND COMPANY LC 40,884.00 RAY COUTURE ATTORNEY 3,286.50 VIRCHOW KRAUSE AND COMPANY 6,119.56 AMERICAN ARBITRATION ASSOCIATION 750.00 PARAGON SOFTWARE SOLUTIONS INC. 7,550.00 MARK DEAN, PLLC 14,183.46 MARK IRVINGS 850.00 RDK ENGINEERS 1,000.00 PURMA 6,853.68 ROBERT BARTLEY SHOR- ATTORNEY 2,900.00 UTILITY SERVICES LLC 2,250.00 TOTAL 205,875.40 (13) o\o o\o o\o o\o o\o o\o OR o\o W Ln OD ri M r-I Ill GA M Ln UL d0 O O M r-I r, O N N 4 4 N ri ri O O M rl r-I H i U 1 0\o c, ri in ri Ill D ri V in H OD N I N r N N m ri -o aD Ln N r-I N co N 00 O co r♦ M W O O O LD Ill O N O I eH Ol W N N Cn N r-I M N M r- 0 ri N Ln O r O 00 O r-I ri ri H N N Ol H p N v N r ri r to r m O O 0) •d~ M O eit Lll 00 O O O ° LnNMrar m o Ln w ° O N M Ill LT O ri d~ W N H N 10 OD N O OD Ifl N Ln O Ln CD " d~ o N .-I Lrt rn a M A OD r ri OIl ri 00 r{ W Ln " r W" r O lD tD M a>i W ri C r N H H N N Ln O, 00 U a q a A rti W to 0 N r N r rl to to rn rn Lo o rI r r LO H A W O O O r Ol M N r-I N Lp C9 H M cP H M ri ~N r d W A a ~ o r c,+ M M o m a7 ~ m a co Ln d~ LD ri Ln m rl r-I O to er " H II) co LO Ln OD Ill N ri 00 Co M Lr, <Y O fH M N r L" M r lG ri N W x ri) z O H H W a w w w a p x o 0 H y o W E w W z 944 E A Di to Eq H as H H P'i H H E W U w ~ w ~ w a w w a E /x O w N w MMMR y m F o ((W~ N p H W M ^fy }1 O G I H k" W r, i 5 H jA 'z w O A H O a w a o 14 A W 0 z {H~ W H H z w Q Holnmvlnn m U nmmmNHO 10 W~ O1 H N O r b b m \ \ I Ol b H H b N I U pH's 11 H H N I ay al o m H m N h ~ W b lp N H Ol N m n ai a O M d O H N 0 M O a E ~ H N N H H mh N N E H H b O m M O1 N d r Hlndhmo b H H N V d m a ~ H d d h E F tD U ?I F H Q 01 O O d b Ol O H O O H d H h O O N N H 0 Vl M N Ol [4 n H b N H b O O H m O H O Ol 1l1 O H O Vl N_. M ~ H H o Ot O b H H N d N b M m W H d v d H W di W °y H o h o o m ul W Ol N b H N n d H H m o 0 o b 0 0 m r o U O M N A N I n o o b o o n Ill of H H z H H Ol O M O O Ill Ill H H N d N H E r r b v d O ,a m o 0 o m o m b H d w m W N V1 N 0 0 0 0 0 0 0 0 Ol III H Ol H b m III m h b n N m m b O N M m d M M I!I M H n N H d T H I I I H I I 01 O N Ol Ol m 0 h lfl O h N M M 0 M m H N h H Ol ill O b ill O UI N n W M d H O N M d O H O d n 0 n ill H m O N O MMnomin In Ol Ol N d M M N b d m Ill m o ill 01 N N m m 0 O M N n III M N M O O 01 d 0 0 d d M n d N N H H M N m 0 Ill M O O H O O N O Ill O m H v m M N H o m I+I o 0 b n b r M Ill Ol N H N m 1n o m m o 0 Ol M H d m 1n m N H H h n n o 0 0 to O to n M M m N M n v N HHdomino 41 h d b b H b m b H v N N O h d N h 0 N H b of M m d Ill h H M IIl N N m h m b r o H Ol H m (!1 m M N H N 01 N N O1 III N O1 d N b b 01 N N d r b d O1 N H O O H M H M r m 1l1 h b Ot N d N N m d N H Ol UI Ol O O b N N d W Vl V1 H Ol N M n m b N d m b H d M O O M m l/l I I N I I h m N d H N H N ill b h H 0 0 Ol b 1 1 1 1 I I I H H H 1 1 1 I i ry r b n N N b d m.M W H b H O1 N h m H III H O O H d O r m O m Ol d N d n O N IIl b U1 n Ill H d O 01 b m m lp m h N Ill 01 b O1 m d O H Ol h M r d O N W N H b n m 1p O d Vl N M O O m O1 N d N H H O H N H H H H N ill m d 0 Oi M d H H N H H M h m M H 01 l0 IIl Ol O H H N O d H h b N m O O n M O1 N H N t0 m o1 d N vl m O N N H N H UI tD b d d O r o 0 o n M d r m m ~ o H N N 10 O d m Ill m 01 H d M m b Ill d H H m H m H H H Ot r H O N N d H m N H N H n 0 0 b W Vl N n H 0 U1 Ill N d m O H 0 0 0 H 0 N h 1D M m m M M H m m Ol h M d H H N m m H of m m ul d H O1 H O d 0 H W 1f1 O O1 II1 r 01 N h H d H M H H H r O1 d Ill d H H O H O1 T a1 Ill N O o N m O O b 0 N W r Ot b H n Ill M d Ol Ol O W Ol ~ NbornoNmmdominm h W M H H N b M 0 0 Q1 O1 N h N H h b N n M d Ol d m M d b Ol m O O m 0 0 0 m 0 N d Ill N b 0 0 Ot O Vl H Yl M d Ill H N 1f N b m m 11 O h d N M n d N Ill h U1 H H N H UI m N n v . M H M H N noHMminMOmmloMHVlo olooooho N d O1 N O r H N d N O N d 0 b H N O1 III Ill m H N 01 Ih 111 N m O h H O M H H N v r N M M n V d N N N H r r ill m N d m O1 m N M N H 111 O 01 O m 0 0 b M N m N 10 N O1 m d m Ill M m b h d N H b N O H H d n H H m m m d d n N m m H N H M H b H d m d h d H H E N M h O h 41 H H b ill O O1 M N d N O O b Ill O O m 0 N N H H b m d d H d n N Ul 0 h H b N Ol n O1 1l1 H m N h O H N H h M O H H N H H H b Ol O1 H O m M H N H N r m r m r m M d N d in vl o r o 0 0 0 0 o rt o N M O1 b H H H of h~ d b H H H N N b N N H al N m m of d m W h N ill O H N H N M Ol O N b O1 U1 N H N M h m N b 0 Ol O d H d H m h N d n Ill U1 CJ m h o N N h d h N Ol m m Ol m m N h O h M H N N 41 N n d Ill d Ol H b H H m b ill m N o m d N H m b d m b N N H- M H m N H M H n M m o m d H H m d n o r n N o N m o 0 0 0 N b m M d h m H b M O H d O1 N H d N Vl Ol M N b d Ol H r N H n H M d n b N H H m O1 H d d Ol N H m H N N N O O O Ill O d N 111 It) h N H 0 0 Ol h m N d H n b N N M V1 UI d M d O H 0 0 0 m 0 O1 b N O h b M m H N m H N m m d m O Ol O M h Ill n 0 III d h N O ~ Ol N d N M m d O d mH Ol d Ill d N b d b Ol OO m N b N d h O H N Vl IIl H H H H M IA O 01 O h h Q H H N M d H M H N N H h H II/ O O O M O M Uf U1 m h n M O1 O M h m O d d h O\ M N n b b M O O O M O O O b O M Ol H Ul M m m n H N b Ol d N m O O d H O N M d M H N d Ill d d m H d N v h Ol H H M H v H N O H 1p m H b N H Ill N 1 M 0 d v h .-i ri a m a vi .i ri r•± vi o ri r vi m H H N M d M" H O H Z N CJ H 2 a W E W • i 5 G a m W m W , W ~I , 7 }wi r a O H 2 W w H tOi~ vi H U' x [ W W U W U a H ,7. X a F\ W a H 0 J W m z l / ~7 ~Wy rz Wy ~ F I a H WwW H wp a .L U' P t (4 N O pw F4 U' E D lWq 1>: yw~ O S w E y I i a 3"I- ] U H w v1 H ww H r F N W H H U' w p a U' Fi U' P w U' w ,7 ~a o m u w w o u w w m w o u a ~a o w o w o w a 5 ~a o w ro w o w U W b a A U' 0 0 A U H W m O O p H a W A I4 A a U H 0 a m O O W p H a W O WO H A 0 0 H H 0 W w W 0 0 H W O H W W m H H U w w w H H w H 2 H O w ~,7 I q p w L p x 7 ZSa W W O W O q ~ { q q d u 7 O F W N O > w t ii O .7 a 7 W v i I~ a? 17 to C H N o M b 0 N I-l N b a 0 ..7 0 O 0 H 0 H 0 0 0 0 H H O H Q H 0 0 0 0 0 0 0 H H H H H 00 Q H 0 0 O O O D O O O O O O O O o O O 0 0 0 H H H H H H H H O H H H H H H H H H H H H o s~ F 111 1 1 1 1 1 1 1 O O H O O M O O H U' 1 1 1 1 1 1 1 ~i O O O O O H m O H 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1 1 I i l m H H H N U1 U1 Vf m m m m M d d d d b b b b H O H IIl 14 N N N M m N M Ql Ol 01 Ol Ol Ol O\ Ill 111 N III III III VI I ((AA P H m m m m m N N Pi Ifl II1 III VI V1 Ql O\ W tll Ill II1 N Ul Ill II1 I Ww A b m m m W m m m Ol Ol Ol Ol Ol Ol Ol Ol OI Ol Ol 01 Ol N b N Ili In N U1 N ill Vl Vl III. N M !n V'1 Ill In Ill 111 N Ill Ill Ol b Ifl UI Ill 1/l Ul Vl if'I M N N UI If1 II1 N N Ifl N IIl Vl 1(I Iti N I C9 'k" 1 1 1 1 1 1 1 !n V1 V'I W III N N N 1 1 1 1 1 1 1 ill !n Ill !n Vl Ill N W 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I i l l l l l b b b b b b b b b b b b W b l0 b b b b l0 b b m Q 1l1 Ll1 YI III III N N i l l l l l l H b b lD b b b b I I I I I 1 1 b b b b b b b b b b b b n b 1D 1D b b b b b b I I I I I I I I I i l I I 1' i 1 1 1 1 1 1 aM H H H H H H H Z H H H H H H H H H H H H H H H H H H H H H H H H H H H H H H m ro CL E a 0 W W Q y ~ H o W N rl W m zN o yF~y W W Q Q zW o Q H O E H W a W q2O 0 RC W ~z~{{ Wai !J W 0 0 0 0 a W U N O m O m o o n b d N Fq H E d O N m r r O m N m R' Ia~ d Ift n N m a0 Q Q W E E N N i u1 rl N b W ?I O a H O O m Ol H m N N d Q ?1 F N O nl O O ill d d N M rl N O O d m o W, d N m o o d m .r-1 M 1-I .loo m r In W h W M ~ N O O N N d If` M a N a m O O N U N d QW d N O O O N O m w✓ nl N b O O 1(1 F T N d Ill O O H d o W m d W d r r O O Ol ' M d O O d O O O H d d M N 0 0 0 0 ry m m O m 0 N n~ N b N O N h M b M M O m O .-I b b O b 11 I H M O M Ill N Ln N O b m M -0 b O 'i d N d M N b N Ol N N Ol I r m fn M m N d N O h 0 fn d m In m d b In W m n N d m M Ol N 0 0 0 0 .-a m m N m ei N O " M Ol b N O m 0 .-1 O O N M M N r~ d III h m O b 0 b r o o m m d W W N d b v M o d o 0 0 0 o .-I M M N m 01 O N O ri m o H N O 'i O O N O m d d N N N N m M fnm rolno M flt ni b M r m N r N O h M 0 0 0 b N lp b d d N O b O O Ol O m m d o M rl d H N N O N O r-1 N b b W b O O N M N M b O b O n T h d O M nt N N 0 0 0 0 0 0 0 0 a 0 0 0 0 0 0 0 0 0 0 0 M O m M N IP N N O N m m r M d Ol N d d d m N r N M O O O W d O Hl ei b IT m 0 0 0 M b d N r 0 0 01 N b W 0 d m N N d 0 0 0 0 0 0 r N N t d H h N b H 1 1 H '-I I d N H b O n I I N 1 1 N H N H l 1 I I I 1 11 1 d T b W M O Ot O1 m d d b O N r N d O N d b d N T OI r d M N h N M M m 'i O m M b M N N N M Ol M N O N O O d N N O b m N N d lD Ol O N Y1 m M Ol d N N .-i O1 N n m N r N O b d Ill N O 'i m rl m d M N .-1 d N N m m m d W b v M M o o a b b O N N H M r•i mmrodmM.+ d N M o W r N m d m m r r N b N h N N mmrfn fnmmM M d N M N d m N M N 'i N N b b O W m Ill m m' r 0 0 N n M v M d d N r O b Ili m M b h vl M d o fn to rmnmNOlnr M N N, W M m fn d d m bmoMlHmoo r Ol W M b N N M h N N W rl N V m d ri N b O Ill H M O lO m n In n fn In 1-1 M T N N n N O d m o m r o r b r M b M 1-1 O r N O N M N d m m O N ~-i N m M ri N O nl N m h m I(1 M b n r1 fi O b O b M .-1 V m o in r m o N .-I O Ill O Ol m n N N N N 0 r h N N b h m N N .im .-a fnmo nb N M N Ol r N Ot N ill N O N M W 1-i M W O N O N d O d r b b H d d O N b M r d ~-1 m M M m O N O M n1 O N b b N b O n N M M M N 'i 'i d rl h b N v N N m b d o m d m o 0 o b O M d 1[l N ei O ~ N O O d Ill m m N Ill rl' N b m O m N b 0 0 0 0 N e d W m 0 O Md .-1 O M N O O m O o o 0 b r N 0 H N N m N Ol N IP ~ M r H omWOdinooooo InW rr b N d O N m m o o m o 0 0 0 o n M m W N d Nm r~- b M Ol 0 0 r m b 0 0 6 N N 01 ~i N ill Ifl b H W I d .i N o b~ o d M m o 0 0 0 I m rl M H m I O O O rl b b N N H O N d O m m W 0 0 0 0 I W b O M b N' fn bin Mom b rl IT N '-I N O ill O Ol N N O O O h InNOmm.-im W N tT m 1-I tD ri N r-I O b O O N b 0 0 0 0 0 N N W nl 01 d N d m N d b r-1 N m m d O d h Ol 0 0 0 0 o m o d b b VI Ol b M O N O e1 r .-1 N N 1 M 01 M O b b 0 0 0 0 0 d .-I M o m 1 d W M d rl N O 'i v N [9 15 O W W H A a s 14 U m fr0q~ sp 0 W Mp H ~7 I.7 N N 7 { W W H o pwpI F p U ~.U~.'.7 E a, o U W W p- W a a a Q U U E tq0 ps0 W H.1 H I-I R W ~x 9 O H ~ f7 ' spay o F O ~0~7 to µ0W $ a z a O U W W O O p H .4 H a H a a Q 0 U E OW E .p 0 O W Wp W H W K.] m .7 W N }a} Z W W ~ H x o a w W U' E H,I O U W W O a O a p H ..7 W W O a a Q] U N E a a U H t0 ~0 W N (.HH O p 0 H v1 ..7 ~7 W vw P E E O ~-I N N b O O O O 1 1 1 1 N N N N 0 0 0 0 m m m m In an an fn I I I I a 0 0 0 0 W W m m m E 11 1 I W N rl ri ~-1 a a E. 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M °-I a m u) d o M 01 r1 O V v a r N N b O W a r-I M .-iooomLO .-toM a M ei m N O N m r r v M a N N N a i O d a N m r-1 o O M 01 0 0 0 rl N m N rl b O M O N N N d M T ri N a O ul a °-I m M O O m b b N O n d b N m h a O d W VI 'i M M ID d ei m N M y O Ill d 1-I d bodovloooo r M o N m a o L-i N Ol O 01 N d v O1 !n N N O ill M N m N O O m N 0 0 0 0 m W m Ol an d o 0 M M .-1 d m N m M N O h M N M O r o o m N o N d M i O h r m r b r d m m M H M r d H h O b N N N O W Ill N N I boooo In oom W N O m N Itl 0 0 N N W to N N d N b N N m N O b a .i O N O O N m m O O rl r-I N N O1 Ill 1(1 O r b M W m d N d N Ill m N O N O M M ri rl N !n N O O "I L , w o p a p ~ I E O U t 9 E p a uw u~Ea ~n ~ [+77 [ O H Iw-l 7r .1 W la 14 114 O W w H L) .4 WW O H 0 14 ~e q~ W z 14 t H M 1>: P O .7 W U H N m a LLl m Ol 0 E OL o 0 0 0 0 0 0 0 0 o 0 ri ri .-f ri H ri O E W m 1 1 1 1 1 1 1 1 1 1 m m M M M M.M a H I IS 0 0 O O O O O O N m mmmm m m m m ~ N N N Ill Itl N 1l1 N ill W E I I I I I I I 1 1 N N N N N N N N N 1 0 1 0 1 0 1 p 1 D 1 p 1 0 1 p 1 0 01 b a d b b d O) m Ol O O W b m b N o M b Ol M N b N b 0 0 0 r m 0 r m M m O m 0 N O N O o 0 0 N N O N r r .-I In ,a I I m I M O O O O) 01 ) m o b n M N Ol d O T i(1 d 1 O\ M N N N In ~ r ) M a W r m o m M ~ oomrlnM rl 'i ri H m b O) d N M M 1 m N N W > M ) a om,a inr V) N m N m 1 N at O M M N N N I m N ~ Ol O O N m N r o ~ r M N O d I r N b m .iroamo m o m m m d H O M N O M Ot a b O O M N N Ol ILl m Ill m N O l-1 Ill b m ti O O m M m N N r N M m m o r el M r b M mor.-tdm i(1 O N Ill b m m M r N ri b m N O O d b O r .-I r-1 b ul a m m b O O b r m N In °y o a m h b m N 'i 1!t N M d ooo~-lo Ill h d N m m d Ol O m O h ~ O a O b N N m 1.1 b m l0 N m M W O O N Ol b h N W M at r h O d N m a v b N N W W H E a W O F 4 W W tOii ~ouwc~ ,J H W a a a u O O w W H W rl N M Ll1 O O 0 0 0 0 0 0 NHNrioO I I I I I I m m m m N N O O O O M N D\ Ot O) Ol at Ol N N N N~ N N b 1 N N N l-i N 4 b b ID b b b L c t l u C 0 V U u o C C u C u O u Y N v O V r V a r 0 U a 0 V V F E 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H Is W~w o ED m .i N M o d a o o o 0 o o o H H H H H H O m I I I I I I to m m m m N m m m m W m N ) ,7 In In In In In In m rC V) N II) If) N 1I) N ) w 0 0 0 0 0 0 0 W b b b b b b b E 1 0 0 0 0 0 0 0 a M u) N N r H a M N m N n n N N N N N r m 0 I o N N a I m I b I N I m m I H N 1 .i 1 M M I N N > ml { O > O ) H { N 1 n { .i { r r r J d N i aQ I H ~ N 9 U' 1i a H ai O a W ai W 0 R ~ H O N H M U ~ 'W O .r z z H H Pz i i / m w r7 G H O A H a a w w ~ a O ~aG W (sR] W C9 0 0 0 0 \ \ 0 OR T o° \ \ o \ o° W N r N N M s m H n n a~ m ''N H M O o b H N b N r m M H U 10 m 0 <M r N N m H N N ~'N N H VI O m O N b N r b H O O m N m r cM m r ° b O b H r N M sM T O N O N r V~ N M N N N sM N N M H E H H I b b I O M O H h N W N ~M VI U H I H i H N I 1 I 1 I d ~ I I N b m dl M m N n n N N b O M m 0 ep O O N O r d~ O N N M N cM m m m X11 OD W m •-i H W m n m <N H m 'VI OI M h W VI M a 10 N O l0 m •-I 01 M s} OI r Oi N b M N n M ~0 r m 1o N N N m O E H N sM N M N W m m Ot 01 Ol co N tO O ~O 1D •tll 'TI O ri sM VI O O N Y m co m m M ei r'I a H N M H H H b n o m n o m M M M b n H H o nor M N n m H o o m M N N N H r ~M ko N N h b 10 H m m H H O m O m m W N N H M dl O r H M N M N r M M VI M H s} m m N r M r m b b tyl O H E H H b H m H m m m M M m 'fl T M W M M VI u O N N c)t N N O N VI co r b H N M H H H 10 H H W O M m ~M O s1• N O N n H O H O N VI O O O O O O m M N N b 10 M H r N N b m M H N N •N H H r N O m O N H N b r m r N . H co H cp H N N 'M m M N H r m r b N O N N N N m O r N O r r O O b O N H O O O O O O O m r b N N b V~ m N H co N N O r N O a H VI M Ot m H H n VI dl N M H b H N V b H H M m N M N N H H H N m N M O H N r O b m O h 'W N O H O O M O O O O O O M b N N H M T b m N m m H N b m m O H N m b 1 H M m H N b N N ap W d1 H H M m H O m N M H H H N O O m N b O H N O r N b 0 ery O O O 0 0 0 O O O h m m m m M r b M r N to N co N N N co m ~ dl V~ m H 1D m N b N d1 m dl l0 O r r N W wv w m N n m m H H n H m H H N H H H 10 M o n m in M m o n 00 N n o 0 boo n 0 0 0 0 0 o r N H N rn o M m r o r N N o H Z N o ~ b v n H el b N N m •a er h m s>t H M O H N r N M 01 H N H H H -0 N m h m N 10 H O O b O H N m m O m O O N m co O. n O O H N N N N m r H H M co W b b m b m CO 'i m N U m N m H M N m 1 N m M O dl H O Q o e-I 'W r m to b r V~ H b N N H H N 10 O M O N H O N N O O M m O O N O O N O O O O O O M r m H v O H M b n O b b N m b O m O H m N H m N N b O O v 7r b N N m m b N H U) H N H N N H M b o N o m s>t o N O O OD W b O M cc H 0 0 a O O O H N b N VI W m N N " m m M H H H H H o M H o H o o H r U m h T O m m V~ M r H M N H N H H N b H O O O N m H OD O N r O N N b 0 0 00 N o o N N O O M m " H m m O N H dl co dl b O " " H a W dl O M N dl b H N N h O m m N m b H VI N N M H b H m H N N H m H b b eM n •W O N b M O O O O N 'fl H O H O O N O O W O O r H M N r h N ep H N <M r N H b n H 0 0 co N N H H H O n O N M b l0 N b H h 'W H m VI b b ~ M N m O <N W m N N r b M H M b H H M H H N O O O N M M N O O O N T VI H O N O O N b m 0 N O O 1^ VI d~ N M m N N W N n b N r m O n C I-] m o N m m o b n H H H v h 7 1o e~ v o of m 1o w o H N H d m H W to) U V) W U W W W z o a z 14 a w H a ° a w H H W C7 D to to d 2 d U' S N H W w to d m 2 w d W O • 7 WW H w m 2 d m ~w7 W H W W L) w a w U N a O W W A L 9 a 7 H C w a 4 W 0~ H a U H R U N a U H Q a 9 U A 17 9 a H N O H m w U H N Otq H 0I W a U m O H U W a 0 U 0~ { p U ~ 7 0 0 W£ W rl O O W m£ H O£ W m t G ~ 17 1-7 £ £ W H O O m m b a ri) W H O O M N m aa µH' H O m m N a H N m aa m 0 0 0 0 0 0 U 0 0 0 0 0 0 Q ~ O O O O O 0 0 0 14 O H O o H H H 1 1 1 1 1 1 H O H O O H H H 1 1 1 1 1 1 H O H O H H H 1 1 1 1 1 H O H H H I I I H O H i E O o H M o 0 o H O o H M o 0 o E o H o 0 o H o 0 o H o H N N N M M M I m N N N M M M 1 N N N M M M I N N m I OD M I E m m m m m m m m m m m m H m m m m m N 0) N to 1n m W E a N N N N N N D Pi N N N N N N .7 H N N N N N N b ] D v f I I 1 1 I I N I I I 1 I i f~ 1 1 1 I m N 1 1 1 EG I m P i H H H H H H N N N N N N e>I dl ep dl dl b l0 b m N N N N N N N N N N N N N N N N N N N N N ' j.~ W 1 1 1 1 1 1 H H H H H H 1 1 1 1 1 1 H H H H H H O I I I I I H H H H H p~ L) 1 i 1 H H H fC O I H Wd C7 0 0 0 0 0 0 0 0 0 0 0 0 U 0 0 0 0 0 U D0 0 W O U' 0 d a a a 0 a 0 0 o o a o W L) eq n N m o 0 0 o W a m u Mln.-Iwo00oN0 w ~ d~ m NW O O O D M N .-i H N I co I Qi O ei m I-I O O h n m 0 r-' r b N rl In O OI ~-I m a 1l m Ot 1 M 1 1I1 C O A w HH mm.-iM U1 m~ r O ~ o m N H n Ill N Ill .-1 m 0 'i r W H w o m N V~ In O b ri I~ N l O M O Ol 1f1 ri 'i H H H O 0 O N w o M Ip ID U Y++ O N m .-1 r O In a F M H onoo<nomroN .-I N m o o m n N m m IO IIl Vl Vl M sN m r N 111 b N N H N M r~ o o n o 0 0 0 0 PxP~ .M-I o ~ N .~i FIB :2 N .-I N O W N~ W O w O O w n m N n r M M m .n M In ri H o o . N N ID sM N i n N O N O N r 0 0 0 0 n ~ ~ m In h D N N m h N CD w O e G eM N N (((~y] M ai w N b O O N 0 0 0 O V~ U m Ill N n m M In e~ Ic w In 0 ~ an b M N r H, o N FJ M •-I [ti M lp tM O 111 r n N N M n M O W U N m V~ m M o J u A H N r m w h M H .i a w ~ H 'E In N ri O O O O O O n Pi .-1 w o m In .n W W N H 1 1' M 7 l-I O ~P N b H ° M p H m W O V D M 0000 0 W a U .-1 m Ic m to 0 v n m H n H a' H V 1 a W ° M ~-1 0 Ill M ~-I w rn N e-I ~ O N 0 0 0 0 0 0 O M O N u W + w, M . l N n ~ N III rl dl O M O O O O O O m .i O l0 e} W m 1 O RC H w n M N O O o 0 0 0 lO m N sN M 1D M to W M W W U U U U H H z E O I9 O 0 a> a ° 2 a HH a HH W w m a u u z z z z m w N 0 tK g Q u u u u U HH r 9 0 14 En w z ~w ~a °u uu o 0 m W o.-IMmNMNMOO U o 0 0 0 0 0 0 0 0 0 H O N ri N sY W If) If1 0 0 I bI Ib I IO t0I lpI I 10I N1 1 M H Pi W N ei Ii H N N F m m m m m m m m m m m O In N Ill Ifl In 111 in N U1 In E N I I I I I I I i l l CJ In W In N N N N N N In F] a r h n n n n n r r n 'lRj4C~ 1 ~ 1 1 1 ~ 1 1 ~ 1 w o 0 0 0 0 0 0 0 0 o O Ir' ate` RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 5/31/09 GROSS MONTHLY TOTAL DATE CHARGES REVENUES PASNY CREDIT DEFERRED DEFERRED Jun-08 905,308.12 Jul-08 7,781,944.12 6,213,986.16 (1,567,957.96) (662,649.84) Aug-08 5,684,278.64 6,496,702.10 812,423.46 149,773.62 Sep-08 4,735,865.70 6,105,632.95 1,369,767.25 1,519,540.87 Oct-08 4,419,355.11 4,852,009.38 432,654.27 1,952,195.14 Nov-08 4,095,041.96 4,707,960.37 612,918.41 2,565,113.55 Dec-08 4,556,551.42 4,283,950.91 (272,600.51) 2,292,513.04 Jan-09 4,291,375.17 4,566,487.28 275,112.11 2,567,625.15 Feb-09 3,599,640.06 4,045,284.33 445,644.27 3,013,269.42 Mar-09 3,239,282.57 3,249,634.70 (135,855.60) (125,503.47) 2,887,765.95 Apr-09 1,825,571.10 3,039,592.83 (1,123,803.91) * 90,217.82 2,977,983.77 May-09 3,152,914.33 3,071,233.28 (87,525.60) (169,206.65) 2,808,777.12 * April 2009 PASNY (87,740.75) July 08 thru Feb 09 (1,036,063.16) (1,123,803.91) GENERAL MANAGER GENERAL MANAGER HUMAN RESOURCES COMMUNITY RELATIONS TOTAL BUSINESS ACCOUNTING CUSTOMER SERVICE MGMT INFORMATION SYS MISCELLANEOUS TOTAL ENGINEERING & OPERATIONS AGM E&O ENGINEERING LINE METER STATION TOTAL PROJECT BUILDING GENERAL BENEFITS TRANSPORTATION MATERIALS MGMT TOTAL ENERGY SERVICES 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 TOTAL 08 08 08 08 08 08 09 09 09 09 09 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 1.5 115 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 2 2 2 2 2 2 2 2 2 2 2 2 10 9 9 9 9 9 9 9 9 9 9 9 7 6 6 6 6 6 6 6 6 6 6 6 1 1 1 1 1 1 1 1 1 1 1 1 20 18 18 18 18 18 18 18 18 18 18 18 3 3 3 3 3 3 3 3 3 3 3 3 4 3 3 3 3 3 3 3 3 3 3 3 22 20 19 19 19 19 18 18 18 18 18 18 7 7 7 7 7 7 7 7 7 7 7 7 11 10 10 10 10 10 10 10 10 10 10 10 47 43 42 42 42 42 41 41 41 41 41 41 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 4 4 4 4 4 4 4 4 4 4 4 4 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 5 5 5 5 5 5 5 5 5 6 6 86 79 78 78 78 78 77 77 77 77 78 78 2 2 2 2 2 2 2 2 2 2 2 2 0 1 1 1 1 1 1 0 0 0 0 0 2 3 3 3 3 3 3 2 2 2 2 2 88 82 81 81 81 81 80 79 79 79 80 80 ATTACHMENT 2 To: Vincent Cameron From: Energy Services Date: June 19, 2009 Subject: Purchase Power Summary - May, 2009 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of May, 2009. ENERGY The RMLD's total metered load for the month was 55,255,589 kWhs, which was a decrease of 3.01 % compared to May, 2008 figures. The RMLD purchased 55,299,253 kWhs. Table 1 is a breakdown by source of the energy purchases. TABLE 1 Resource Millstone #3 Seabrook Stonybrook Constellation PASNY ISO Interchange NEMA Congestion Coop Resales Stonybrook Peaking Integrys Braintree Watson Unit Monthly Total Amount of Cost of % of Total Total $ $ as a Energy Energy Energy Costs % (kWh) ($/Mwh) 3,713,590 $4.61 6.72% $17,138 0.54% 5,881,161 $6.77 10.64% $39,810 1.26% 92,499 $168.07 0.17% $15,547 0.49% 22,320,000 $72.31 40.36% $1,614,015 51.19% 2,001,568 $4.92 3.62% $9,848 0.31% 4,697,180 $40.76 8.49% $192,860 6.12% 0 $0.00 0.00% -$9,771 -0.31% 43,619 $130.74 0.08% $5,703 0.18% 0 $0.00 0.00% $77 0.00% 15,920,000 $76.69 28.79% $1,220,892 38.72% 629,636 $74.32 1.14% $46,796 1.48% 55,299,253 $57.02 100.00% $3,152,914 100.00% Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 11,897,856 38.78 21.52% Settlement RT Net Energy -7,200,676 59.31 -13.02% Settlement ISO Interchange 4,697,180 38.90 8.49% (subtotal) Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of May, 2009. CAPACITY The RMLD hit a demand of 113,508 kWs, which occurred on May 22, 2009 at 5 pm. The RMLD's monthly UCAP requirement for May 2009 was 240,202 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 4,999 62.20 $310,932 17.57% Seabrook 7,910 54.95 $434,669 24.56% Stonybrook Peaking 33,664 4.72 $159,057 8.99% Stonybrook CC 51,164 6.53 $333,931 18.87% Pasny 6,224 1.91 $11,896 0.67% HQICC 5,631 4.93 $27,777 1.57% ISO-NE Supply Auction 130,611 3.76 $491,522 27.77% Total 240,203 $7.37 $1,769,783 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $17,138 $310,932 $328,070 6.66% Seabrook $39,810 $434,669 $474,479 9.64% Stonybrook $15,547 $333,931 $349,478 7.10% HQ II $0 $27,777 $27,777 0.56% Constellation $1,614,015 $0 $1,614,015 32.79% PASNY $9,848 $11,896 $21,743 0.44% ISO Interchange $192,860 $491,522 $684,382 13.90% Nema Congestion -$9,771 $0 -$9,771 -0.20% Coop Resales $5,703 $0 $5,703 0.12% Stonybrook Peaking $77 $159,057 $159,134 3.23% Integrys $1,220,892 $0 $1,220,892 24.80% Braintree Watson Unit $46,796 $0 $46,796 0.95% Monthly Total $3,152,914 $1,769,783 $4,922,698 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. TRANSMISSION The RMLD's total transmission costs for the month of May, 2009 are $472,508. This is a decrease from the April, 2009 cost of $515,705. In 2008 , the transmission costs for the month of May, were $366,786. Table 5 Current Month Last Month Last Year Peak Demand (kW) 113,508 110,720: 111,438, Energy (kWh) 55,299,253 52,979,532 56,997,635 Energy $3,152,914 $1,825,571 $4,383,964! .Capacity $1,769,783 $1,744,795: $1,399,265 Transmission $472,508 $515,705] $366,786 `Total $5,395,206 $4,086,071; $6,150,014 Table 5 shows the current month vs. last month and last year (May, 2008). ATTACHMENT ; ~ I -10 J U tB V i Q - - - - i a cu cu H a - - - - Q y p Qa ` I q - - a M o o r . c fl L( ) d - M N o pp 'a su o'l l1w ui sa sllo ® o~ c C o .Q ~ O L 'Q C O r o w 06 C~ U N O C Q O U U O O ) r CO L N L U 2 a O N N O Q U> E > c fl 4? 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C a) 0 0 2 C (D C~ U) C) 0 (n000U0 F~ , w - co LL READING MUNICIPAL LIGHT DEPARTMENT FY09 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING MAY 31, 2009 Project Description 4 kV Retirement - Stepdown Areas 1 California Rd; Prescott and Sunnyside Sts; Walnut Street 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 YTD ACTUAL ACTUAL ANNUAL COST COST BUDGET REMAINING TOWN MAY thru 5131/09 AMOUNT BALANCE R 41,915 211,947 180,547 31,400 R 8,909 209,629 (200,720) W - 80,937 (80,937) W 6,730 6,730 268,561 (261,831) R - 127,218 (127,218) W 160 160 121,170 (121,010) All - 38,361 (38,361) W - 78,861 (78,861) R 3,315 43,354 125,763 (82,409) R 185,571 100,245 85,327 R 172 2,098,100 (2,097,928) R 117 100,606 359,800 (259,194) R 8,527 91,086 665,939 (574,853) R - 281,764 (281,764) R 2,754,900 2,754,900 All 4,130 20,927 86,871 (65,944) All 9,151 143,320 189,626 (46,306) All 96,254 1,600,360 1,511,171 89,190 170,299 5,168,044 9,279,463 (4,111,420) 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 9,300 136,979 148,252 (11,273) 187,128 219,178 485,811 (266,633) 87,703 171,270 (83,567) 55,740 54,000 1,740 317,000 355,000 (38,000) - 20,000 (20,000) 27,559 25,000 2,559 - 205,190 (205,190) 20,000 (20,000) 90,000 (90,000) 50,000 (50,000) 10,000 (10,000) 14,733 55,700 (40,967) 49,058 44,600 4,458 3,569 3,569 - - 199,997 911,519 1,734,823 (826,873) 370,296 6,079,563 11,014,287 (4,938,293) All 613 118,745 60,581 58,165 370,909 6,198,308 11,074,867 (4,880,128) Reading Municipal Light Department Engineering and Operations Monthly Report MAY, 2009 FY 2009 Capital Plan 4 kV Retirement - Stepdown Areas 1. Reading - Walnut Street area conversion to 13.8 includes clipping in secondary cable, installing spacers, pulling rope, installing 4/0 triplex cable, and transfers on Walnut Street. Installed new cable on Sunnyside, Fairview, Pratt and Echo; installed pulling rope on Fairview; transformer on Echo; and framed Echo, Pratt, Fairview, and Sunnyside. Continued with transfers on Cumberland, Victoria, and Echo. 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 - Project began. Reconductoring. Switch load. Pulled in cable. 5. High Capacity Tie 4W18/3W8 Franklin Street -Reading -Carried over to FY2010. 6. Fordham Road- Wilmington -Project began. Engineering work. 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 - Installed extensions for conduit and installed padmount transformer at General Washington Apartments. 10. Reading Center - Haven Street - No activity this month. Substation Upgrade Projects 11. Transformer Replacement - Station 4 Part 1 - Contractual Labor - No activity in May. Part 2 - Procured Equipment - Purchased metal plates for relay installation. Part 3 - RMLD Labor - Station Manager, Chief Engineer & Senior Techs labor. Part 4 - Feeder Re-Assignment - No activity to-date. Part 5 - Transformer Payments No further activity. 1 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 $120,782 Maintenance Overhead/Underground $574,685 Pr jects Assigned as Required $517,484 Pole Damage (includes knockdowns) some reimbursable $ 60,637 Station Group $ 82,228 Hazmat/Oil Spills $ 19,363 Porcelain Cutout Replacement Program $ 55,193* Lighting Street Light Connections $ 16,925 Storm Trouble $ 36,989 Underground Subdivisions $ 43,217 Miscellaneous Capital Costs $ 72,857 TOTAL $1,600,360 *In the month of May, 38 cutouts were charged under this program. Approximately 24 cutouts were installed new or replaced because of damage making a total of 62 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 - No activity in May. Route 129 (Lowell Street) Project - Installed anchor and guy. 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 - 43.93 minutes 2 Industry Average - 65.91 minutes per outage (APPA 2005 Reliability Survey) On average, RMLD customers that experience an outage are restored in 43.93 minutes. 120.00 N CD 100.00 c 80.00 m 60.00 O 40.00 E w 20.00 V 0.00 ♦ Monthly minutes per outage - - - System average outage duration 43.93 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 - .93 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. 3.50 3.24 3.17 = 3.00- 2.50- 2.00 O v 1.50 0.86 1.00 0.82 Ii 0.50 -0.28 0.00 00 00 00 0~ o~ o~ o~ o0 00 00 00 00 • RMLD monthly outage frequency - - - RMLD system average outage frequency .93 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. At this time, the average RMLD customer experiences an outage every 12.90 months. 3