Loading...
HomeMy WebLinkAbout2009-05-27 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street -cart Time of Regular Session: End Time of Regular Session: Attendees: Commissioners: Mary Ellen O'Neill, Chairman Philip Pacino, Secretary Ellen Kearns, Commissioner 7:30 p.m. 9:20 p.m. Staff: Vinnie Cameron, General Manager Jeanne Foti, Executive Assistant Jane Parenteau, Energy Services Manager Introductions None. Approval of April 28, 2009 Board Minutes Reading, MA 01867 May 27, 2009 Richard Hahn, Vice Chair Robert Soli, Commissioner Jptl JUN 25 P C. 52 Beth Ellen Antonio, Human Resources Manager Robert Fournier, Accounting/Business Manager Kevin Sullivan, Engineering and Operations Manager Mr. Hahn made a motion seconded by Ms. Kearns to amend the Regular Session meeting minutes of April 28, 2009 with the following changes, page 1, paragraph 7, line 1 "Mr. Hahn read that the following motion that was made at the April 21, 2009 Power", line 6 "Mr. Hahn reported that the motion carried at the April 21, 2009 meeting 2:0:0." Motion carried 4:1:0. Mr. Hahn voted against this motion. ",dditional changes to the April 28, 2009 Board minutes: Page 2, "NESCO" change to "NORESCO". Ms. Kearns gave Ms. Foti typos be corrected in the minutes. Chairman O`Neill said that she would like to see in the Financial Report a one-paragraph summary similar to the Power Supply Report to provide a snapshot of what transpired because the Board had agreed on this format last fall. Ms. Kearns said that she would like the four items that appear in Mr. Fournier's cover memo that are part of the Financial Report which contain the Change in Net Assets or Net Income, Revenues, Expenses and Cash be added to the minutes. Chairman O'Neill said that these four items can be summarized as has been done in past minutes. She would like to see a draft paragraph containing this information. Mr. Soli made a motion seconded by Ms. Kearns to table the minutes of April 28, 2009. Motion carried 4:1:0. Mr. Hahn voted against this motion. Reports from RMLD Board Committees Power Contracts, Rate Setting, Green Power Committee Meeting - Wrap-Up of PASNY Discussion Mr. Hahn reported that at the last RMLD Board meeting on April 28, 2009 a motion was made and passed at the April 21, 2009 Power Contracts, Rate Setting, Green Power Committee meeting that was read into the record and that was the subject of discussion of the April 28 RMLD Board meeting minutes a few moments ago. Mr. Hahn stated that the motion made at the April 21, 2009 Power Contracts, Rate Setting, Green Power Committee meeting is as follows, "Mr. Hahn made a motion seconded by Ms. O`Neill that the Power Contracts, Rate Setting, Green Power Committee recommend to the RMLD Board that, based upon Mr. Cameron's April 8, 2009 memo responding to Mr. Soli's March 26, 2009 memo, the subject of which was "Amplification of my Comments Regarding the Fuel Charge Made at 25 March 2009 RMLB Meeting" and after review and discussion of Mr. Soli's April 19, 2009 memo, the subject of which was "RMLD Fuel Charge Billing Does Not Comply ith FERC Order", there be no further action taken by the RMLD Board concerning this matter raised by Mr. Soli. Motion carried 2:0:0 ~y ;the Committee level." t Regular Session Meeting Minutes 2 May 27, 2009 Reports from RMLD Board Committees Power Contracts, Rate Setting, Green Power Committee Meeting - Wrap-Up of PASNY Discussion Mr. Hahn madea motion seconded by Mr. Pacino that there be no further action taken by the RMLD Board concerning this matt raised by Mr. Soli. After the following discussion the Motion carried 4:1:0. Mr. Soli voted against this motion. Mr. Hahn said that there has been additional flow of information, subsequent to the RMLD Board meeting on April 28, 2009 and contained in the Board books is a memo from Mr. Cameron dated May 18, 2009 responding to Mr. Soli's May 13, 2009 PASNY memo. Mr. Hahn said that Mr. Soli's concerns have been effectively addressed. Chairman O'Neill commented that Mr. Soli has provided additional information on the PASNY issue since the last Board meeting that Mr. Cameron has addressed. Mr. Soli gave a brief presentation on his calculations on the PASNY credit. Mr. Soli provided information on the New York Power Authority Base, Fuel Charge and the restriction of the FERC order. Mr. Soli asserts in his presentation that the RMLD is not giving the residential customer the full benefit of the PASNY credit. Discussion followed. Policy Committee - Update on Public Use of the RMLD Cafeteria Mr. Pacino reported that he, Chairman O'Neill and Mr. Soli as members of the Policy Committee met to review the use of RMLD's Cafeteria. The procedure that is being put into place is the RMLD will charge a fee of $25 for the first three hours, $10 for each hour thereafter. Mr. Pacino explained that the fees are to cover operating expenses that would be incurred which in the past the RMLD has supplemented. Mr. Pacino said that the sense of the committee was that the recommended changes be adopted; no formal vote is required by the full Board. Mr. Pacino mentioned that there were visitors from Nimble Thimblers group at the meeting who use the RMLD's Cafeteria and whose concerns were how the new process would work. Chairman O`Neill said that the intent was to leave the current policy in place because these changes are operational. Chairman O'Neil'' commented that as a community resource the fee is not meant to be a deterrent but equitable and reasonable to everyone. It is hoped t,= continue to foster good relations with community groups. Mr. Soli pointed out that no vote was taken at the Policy Committee meeting. Operating and Capital Budget/Pension/Legal Services Committee - FY2010 Operating And Capital Budgets Ms. Kearns reported that the Operating and Capital Budget/Pension/Legal Services Committee met twice in May in which the first meeting addressed the Operating Budget and the second meeting covered the Capital Budget. The Operating and Capital Budget/Pension/Legal Services Committee recommended to the Board to accept the fiscal year 2010 Operating and Capital Budgets. It was discussed that the Citizens' Advisory Board approved the Operating Budget 5:0:0 and the Capital Budget 4:0:1 because CAB Member Sopchak was not available for the Capital Budget discussion she abstained. Ms. Kearns made a motion seconded by Mr. Pacino that the 2010 Operating Budget in the amount of $86,385,918, as presented to the Operating and Capital Budget/Pension/Legal Services Committee on May 11, 2009 be approved by the Board. Motion carried 5:0:0. Mr. Pacino said that the staff did an outstanding job on presenting both the Capital and Operating budgets and would like Mr. Cameron to convey that to staff. Ms. Kearns stated that staff was directed to level fund their budgets unless necessary and she appreciates this in these economic times. Ms. Kearns made a motion seconded by Mr. Pacino that the RMLD Board accept the recommendation of the Operating and Capital Budget/Pension/Legal Services Committee and accept the 2010 Capital Budget in the amount of $6,533,256 as presented on May 21, 2009. Motion carried 5:0:0. Ms. Kearns distributed a redraft of the General Manager's Performance Review format that will be discussed at the General Manager. Committee meeting on June 4, 2009. Regular Session Meeting Minutes May 27, 2009 jimmittee Assignments - Ms. O'Neill 'hairman O'Neill assigned the following Chairs: Ms. O'Neill appointed herself Chair of the General Manager Committee and Mr. Soli mohair of the Policy Committee. General Manager's Report - Mr. Cameron Mr. Cameron reported the final MMWEC Report has been received and they are in the process of meeting with MMWEC to address their concerns with respect to the audit. It is hoped that some resolution can be made without litigation. Mr. Cameron said that Friends & Family Day will be held on June 20 and the RMLD will have a booth at the gathering. Mr. Hahn made a motion seconded by Mr. Pacino that the RMLD Board authorize the General Manager to attend the 2009 Annual NEPPA Conference Brewster, MA September 20-23. Motion carried 5:0:0. Messrs. Hahn and Pacino will be attending the NEPPA Conference. Mr. Cameron reported that the next CAB meeting will be Monday, June 15. Commissioner Hahn will be covering the CAB meeting for the RMLD Board. Mr. Cameron commented that Messrs. Soli and Fournier meet with the Town of Reading quarterly in which they go over the RMLD accounts, however the Town of Reading would prefer to meet twice a year. Financial Report, April 2009 - Mr. Fournier Mr. Fournier presented the Financial Report for April 2009. Attachment 1 '!Is. Kearns asked on the timeline for shut offs what is the average number of days they are off for nonpayment? IIr. Fournier replied that the RMLD keeps track of the shut offs as well as the timeline. Ms. Kearns asked what is the range? Mr. Fournier replied under ten days. Mr. Pacino pointed out that earlier in the meeting there was discussion on minutes. Mr. Pacino said that the financial information, power supply report and engineering reports can be attached as a part of the record. Chairman ONeill wanted the attachments to be on the same page as the minutes. Chairman O'Neill said that this new format will be used for two months. Ms. Kearns asked how do you capture questions such as the fact that receivables are down twelve percent that Mr. Fournier reported where they are not contained in his report that will be attached to the minutes? Mr. Fournier replied that he will provide such information in the future to his reports. Power Supply Report, April 2009 - Ms. Parenteau Ms. Parenteau presented the Power Supply Report for April 2009. Attachment 2 Discussion followed on the funding level for the Deferred Fuel Cash Reserve and this will be taken up at the Power Contracts, Rate Setting, Green Power Committee meeting. Energy Efficiency Update - Ms. Parenteau ',hairman ONeill reported that the Energy Efficiency update is a new agenda item that will appear on each agenda. Regular Session Meeting Minutes May 27, 2009 4 Energy Efficiency Update - Ms. Parenteau Ms. Parenteau highlighted the following projects that Jared Carpenter, Energy Efficiency Engineer, is working on: the residential sid benchmarks are being performed to provide data points for the customers in the four towns the RMLD serves, following up with residential customers who have had energy audits to see how the recommendation were perceived and implemented. Ms. Parenteau reported on the commercial side Mr. Carpenter has identified high customer usage and is working ways to reduce that consumption. Ms. Parenteau pointed out that on the residential side a new rebate program for renewable energy installation is currently being worked on with two contractors and two homeowners: three are solar projects and one is a wind project. Ms. Parenteau said that another energy reduction is removing unnecessary refrigerators, chargers and other unused appliances. Ms. Parenteau said that Mr. Carpenter is a proponent of doing the easy things first before investing monies to reduce energy consumption. Mr. Carpenter is looking at the smart power strip; additional Energy Star rated appliances, energy managements and building automation. On the commercial side a rebate for renewable installations involving two customers is currently in process. Engineering and Operations Update - Mr. Sullivan Attachment 3 Mr. Pacino commented that he would like a fourth column on the report to show the current month expenditures. Mr. Sullivan said that it was a good suggestion and will add this to the report. Mr. Hahn asked Mr. Sullivan, who gave an update on the Gaw project, how long of a delay to the project due to the bid protest? Mr. Sullivan replied the delay to the Gaw project is six weeks. Mr. Soli asked if the slip in the time of the project added any cost to the project? Mr. Sullivan replied, "no." Chairman ONeill said that she would like a milestone for the layperson such as the installation of the first transformer, testing ar energizing the transformers. Ms. ONeill asked when the first transformer will be put in? Mr. Sullivan stated that in July the first transformer will be placed on a concrete pad but not energized. Mr. Sullivan said that the transformers will not be energized during the peak. Chairman ONeill invited the Commission before the July Board meeting to see the Gaw substation. M. G. L. c. 30B Bids IFB 2009-37 Janitorial Services Mr. Cameron explained that the lowest bidder had to be disqualified because they submitted a personal check instead of a bid bond, cashier's check or certified check as listed in RMLD's terms and conditions. Ms. Kearns asked if the RMLD is familiar with the lowest bidder? Mr. Cameron replied that reference checks have been performed by the RMLD. Chairman ONeill said that she spoke to one of the potential bidders because he had called her; therefore she is recusing herself from the vote. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2009-37 for Janitorial Services be awarded to Advanced Maintenance Solutions for $139,452.00 as the lowest qualified bidder on the recommendation of the General Manager. (This is a three-year contract.) Motion carried 4:0:1. Chairman O'Neill abstained. Regular Session Meeting Minutes May 27, 2009 5 7B 2009-38 750 MCM Tape Shield Power Cable r. Pacino stated that he would recuse himself from the vote because one of his clients issues bonds for Arthur Hurley Company. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2009-38 for 750 MCM Tape Shield Power Cable be awarded to Arthur Hurley Company for a total cost not to exceed of $32,521.00 as the lowest qualified bidder on the recommendation of the General Manager. Item uanti Description Unit Cost Net Cost not to exceed 1 3,300' 750 MCM tape shield power cable 9.87 ft $32,571.00 Motion carried 4:0:1. Mr. Pacino abstained. Upcoming Meetings Thursday, June 4, 2009, General Manager Committee Meeting Wednesday, June 24, 2009 RMLD Board Meeting Wednesday, July, 29, 2009 RMLD Board Meeting Wednesday, August 26, 2009 RMLD Board Meeting CAB Rotation June, Mr. Hahn July, Ms. O`Neill August, Mr. Soli Motion to Adjourn At 9:20 p.m. Ms. Kearns made a motion seconded by Mr. Hahn to adjourn the meeting. Motion carried 5:0:0. 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 ATTACHMENT I Dt: May 22, 2009 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier Sj: April 2009 Report The results for the first ten months ending April 30, 2009, for the fiscal year 2009 will be summarized in the following paragraphs. Overall, the year to datexesults 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 ten months was $3,598,232. The forecasted net income for this period was $3,363,074, resulting in net income being over budget by $235,158, or 6.99%. The difference between the actual fuel expense and the actual fuel revenue is $2,072,654, with revenues exceeding expenses. 2) Revenues: (Page 11B) Base revenues were over budget by $900,803 or 2.8%. Actual base revenues were at $32.8 million compared to the budgeted amount of $31.9 million. All sectors were over budget except for public street lighting. 3) Expenses: (Page 12A) "Purchased power base expense was $1,767,798 or 8.9% over budget due to increases in transmission and capacity costs. Actual purchased power base costs were $21.5 million compared to the budgeted amount of $19.8 million. *Operating and Maintenance (O&M) expenses combined were over budget by $25,000 or 0.29%. Actual O&M expenses were $8.49 million compared to the budgeted amount of $8.46 million. The major expenses that were under budget are energy audit expense and conservation ($91,000) and maintenance of transformers ($80,000) whereas employee pension/benefits ($80,000) and engineering expense ($39,000) are over budget. "Depreciation expense and voluntary payments to the Towns are close to budget. 4) Cash: (Page 9) ''`Operating Fund balance was at $7,688,862. "`Capital Funds balance was at $4,885,933. *Rate Stabilization Fund balance was at $6,203,660. '`Deferred Fuel Fund balance was at $2,977,983. 5) General Information: 2010 Capital and Operating Budgets were approved by the RMLB and CAB. 6) Budget Variances: The five divisions were over budget cumulatively by $61,051, or 0.44%. 7) Trends: The fuel charge continues to trend downward from $.064 to $.059. TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 4/30/09 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) .12,912,705.65 7,691,862.07 RESTRICTED CASH (SCH A P.9) 12,115,857.05 14,727,899.03 RESTRICTED INVESTMENTS (SCH A P.9) 2,900,000.00 4,400,000.00 RECEIVABLES, NET (SCH B P.10) 5,931,285.08 8,045,989.07 PREPAID EXPENSES (SCH B P.10) 951,631.84 1,152,672.98 INVENTORY 1,588,231.35 1,457,904.87 TOTAL CURRENT ASSETS 36,399,710.97 37,476,328.02 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 133,576.92 122,391.17 CAPITAL ASSETS, NET (SCH C P.2) 60,517,480.24 64,194,582.39 OTHER ASSETS (SCH C P.2) 20,090.12 16,603.90 TOTAL NONCURRENT ASSETS 60,671,147.28 64,333,577.46 TOTAL ASSETS 97,070,858.25 101,809,905.48 LIABILITIES CURRENT ACCOUNTS PAYABLE 5,545,706.06 4,849,104.17 CUSTOMER DEPOSITS 495,546.00 495,344.49 CUSTOMER ADVANCES FOR CONSTRUCTION 665,388.97 712,594.28 ACCRUED LIABILITIES 36,278.44 1,299,383.94 CURRENT PORTION OF BONDS PAYABLE 550,000.00 550,000.00 TOTAL CURRENT LIABILITIES 7,292,919.47 7,906,426.88 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 10,310,083.37 10,588,644.46 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 59,417,480.24 63,644,582.39 RESTRICTED FOR DEPRECIATION FUND (P.9) 3,370,777.42 4,885,933.12 UNRESTRICTED 23,972,517.22 22,690,745.51 TOTAL NET ASSETS (P.3) 86,760,774.88 91,221,261.02 TOTAL LIABILITIES AND NET ASSETS 97,070,858.25 1011809,905.48 f11 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 4/30/09 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION 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 SCHEDULE C PREVIOUS YEAR CURRENT YEAR 54,943.13 46,153.24 78,633.79 76,237.93 133,576.92 122,391.17 1,265,842.23 7,624,078.86 8,895,077.42 42,732,481.73 1,265,842.23 7,288,907.18 11,902,603.08 43,737,229.90 60,517,480.24 64,194,582.39 14,523.70 14,523.70 5,566.42 2,080.20 20,090.12 16,603.90 60,671,147.28 64,333,577.46 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 4/30/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: (SCH D P.11) BASE REVENUE 2,812,237.51 2,963,816.44 31,811,335.79 32,858,803.54 3.2991. FUEL REVENUE 3,845,978.25 3,039,592.83 34,636,151.56 47,561,241.01 37.329, PURCHASED POWER CAPACITY (201,018.85) 487,569.37 1,729,203.43 2,353,850.98 36.12% FORFEITED DISCOUNTS 65,296.09 62,157.01 735,162.12 723,194.76 -1.63% ENERGY CONSERVATION REVENUE 0.00 41,870.70 0.00 312,935.46 100.00% PASNY CREDIT 0.00 (1,123,803.91) 0.00 (1,259,659.51) 100.00% TOTAL OPERATING REVENUES 6,522,493.00 5,471,202.44 68,911,852.90 82,550,366.24 19.7991. OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE 1,802,092.60 2,265,071.28 18,357,456.49 21,562,477.29 17.46% PURCHASED POWER FUEL 3,964,223.52 1,825,571.10 36,826,459.55 44,228,928.43 20.10% OPERATING 668,731.42 642,709.14 6,643,697.78 6,597,582.43 -0.69% MAINTENANCE 202,390.37 190,844.23 2,013,397.05 1,897,057.75 -5.78% DEPRECIATION 250,525.00 261,200.00 2,505,250.00 2,612,000.00 4.26% VOLUNTARY PAYMENTS TO TOWNS 96,400.00 100,750.00 950,461.00 984,231.00 3.55% TOTAL OPERATING EXPENSES 6,984,362.91 5,286,145.75 67,296,721.87 77,882,276.90 15.73% OPERATING INCOME (461,869.91) 185,056.69 1,615,131.03 4,668,089.34 189.02% .10PERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 19,369.70 2,704.81 173,656.61 245,863.96 41.58% RETURN ON INVESTMENT TO READING (172,777.67) (176,060.33) (1,727,776.68) (1,760,604.32) 1.909, INTEREST INCOME 23,294.05 24,324.39 471,500.43 322,465.05 -31.61% INTEREST EXPENSE (6,775.05) (3,850.60) (68,522.12) (39,167.24) -42.84% OTHER (MDSE AND AMORT) 34,309.19 9,719.51 307,021.80 161,585.54 -47.37% TOTAL NONOPERATING REV (EXP) (102,579.78) (143,162.22) (844,119.96) (1,069,857.01) 26.74% CHANGE IN NET ASSETS (564,449.69) 41,894.47 771,011.07 3,598,232.33 366.699, NET ASSETS AT BEGINNING OF YEAR 85,989,763.81 87,623,028.69 1.90% NET ASSETS AT END OF APRIL 86,760,774.88 91,221,261.02 5.149, (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 4/30/09 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT REFORECASTED ACTUAL BUDGET YEAR TO DATE YEAR TO DATE** VARIANCE* CHANGE 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 APRIL * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FOUR MONTHS REFORECASTED 32,858,803.54 31,958,000.39 900,803.15 2.82% 47,561,241.01 49,813,644.87 (2,252,403.86) -4.52% 2,353,850.98 2,128,101.37 225,749.61 10.61% 723,194.76 706,918.27 16,276.49 2.30% 312,935.46 314,037.00 (1,101.54) -0.35% (1,259,659.51) 0.00 (1,259,_659.51) 100.00% 82,550,366.24 84,920,701.90 (2,370,335.66) -2.79% 21,562,477.29 19,794,679.00 1,767,798.29 8.93% 44,228,928.43 48,775,917.00 (4,546,988.57) -9.32% 6,597,582.43 6,557,400.00 40,182.43 0.61% 1,897,057.75 1,912,291.00 (15,233.25) -0.80% 2,612,000.00 2,598,532.00 13,468.00 0.52% 984.231.00 961,563.00 22,668.00 2.36% 77,882,276.90 80,600,382.00 (2,718,105.10) -3.37% 4,668,089.34 4,320,319.90 347,769.44 8.05% 1 f` 245,863.96 306,478.04 (60,614.08) -19.78% (1,760,604.32) (1,760,603.00) (1.32) 0.00% 322,465.05 409,098.61 (86,633.56) -21.18% (39,167.24) (39,180.00) 12.76 -0.03% 161,585.54 126,960.44 34,625.10 27.27% (1,069,857.01) (957,245.91) (112,611.10) 11.76% 3,598,232.33 3,363,073.99 235,158.34 87,623,028.69 85,989,763.81 1,633,264.88 91,221,261.02 89,352,837.80 1,868,423.22 6.99% 1.90% 2.095o (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 4/30/09 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/08 2,937,734.92 CONSTRUCTION FUND BALANCE 7/1/08 2,112,401.00 INTEREST ON DEPRECIATION FUND FY 09 68,402.30 DEPRECIATION TRANSFER FY 09 2,612,000.00 FORCED ACCOUNTS REIMBURSEMENT 44,514.90 GAW SUBSTATION 2,938,279.00 GAW SUBSTATION (FY 08) 1,836,600.00 TOTAL SOURCE OF CAPITAL FUNDS 12,549,932.12 USE OF CAPITAL FUNDS: PAID ADDITIONS TO PLANT THRU APRIL PAID ADDITIONS TO GAW THRU APRIL PAID ADDITIONS TO GAW FROM FY 08 GENERAL LEDGER CAPITAL FUNDS BALANCE 4/30/09 2,889,120.00 2,938,279.00 1,836,600.00 4,885,933.12 (4) TOWN OF READING, MASSACHUSETTS MUNICIP AL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 4/30/09 MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 17,423,240 17,733,520 212,281,603 211,282,756 -0.47% COMM. AND INDUSTRIAL SALES 31,956,968 31,071,244 364,481,205 354,576,538 -2.72% PRIVATE STREET LIGHTING 71,105 71,005 716,567 711,826 -0.6691. TOTAL PRIVATE CONSUMERS 49,451,313 48,875,769 577,479,375 566,571,120 -1.89% MUNICIPAL SALES: STREET LIGHTING 241,338 239,323 2,412,146 2,406,566 -0.23% MUNICIPAL BUILDINGS 2,031,823 806,210 20,971,642 10,169,547 -51.51% TOTAL MUNICIPAL CONSUMERS 2,273,161 1,045,533 23,383,788 12,576,113 -46.22% SALES FOR RESALE 254,595 246,811 2,739,328 2,835,199 3.50% SCHOOL 0 1,362,940 0 9,566,208 100.00% TOTAL KILOWATT HOURS SOLD 51,979,069 51,531,053 603,602,491 591,548,640 -2.00% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 4/30/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 17,733,520 5,678,853 2,326,108 4,084,532 5,644,027 INDUSTRIAL C 31,877,454 4,035,316 360,032 5,420,380 22,061,726 PUB.ST.LIGHTS 239,323 80,771 32,851 39,688 86,013 PRV.ST.LIGHTS 71,005 13,563 1,360 21,561 34,521 CO-OP RESALE 246,811 246,811 0 0 0 SCHOOL 1,362,940 507,169 272,503 176,440 406,828 TOTAL 51,531,053 10,562,483 2,992,854 9,742,601 28,233,115 YEAR TO DATE RESIDENTIAL 211,282,756 67,002,835 29,670,661 49,235,600 65,373,660 INDUSTRIAL C 364,746,085 47,402,784 4,807,816 63,528,360 249,007,125 PUB.ST.LIGHTS 2,406,566 821,786 328,570 396,168 860,042 PRV.ST.LIGHTS 711,826 137,982 13,640 216,634 343,570 CO-OP RESALE 2,835,199 2,835,199 0 0 0 SCHOOL 9,566,208 3,601,292 1,854,334 1,196,240 2,914,342 TOTAL 591,548,640 121,801,878 36,675,021 114,573,002 318,498,739 LAST YEAR TO DATE RESIDENTIAL 212,281,603 67,725,817 30,418,219 48,749,125 65,388,442 INDUSTRIAL C 385,452,847 49,627,483 6,773,519 68,096,135 260,955,710 PUB.ST.LIGHTS 2,412,146 834,792 328,671 394,049 854,634 PRV.ST.LIGHTS 716,567 140,728 13,800 225,069 336,970 CO-OP RESALE 2,739,328 2,739,328 0 0 0 SCHOOL 0 0 0 0 0 TOTAL 603,602,491 121,068,148 37,534,209 117,464,378 327,535,756 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 34.4191. 11.02% 4.519. 7.93% 10.95% INDUSTRIAL C 61.86% 7.83% 0.70% 10.529. 42.81% PUB.ST.LIGHTS 0.47% 0.16% 0.06% 0.08% 0.17% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07% CO-OP RESALE 0.48% 0.48% 0.00% 0.00% 0.00% SCHOOL 2.64% 0.98% 0.53% 0.34% 0.79% TOTAL 100.00% 20.50% 5.8091. 18.919, 54.79% YEAR TO DATE RESIDENTIAL 35.72% 11.33% 5.02% 8.32 ?1. 11.05% INDUSTRIAL C 61.65% 8.015, 0.815. 10.7491. 42.09% PUB.ST.LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% PRV.ST.LIGHTS 0.1296 0.02% 0.00% 0.04% 0.06% CO-OP RESALE 0.48% 0.48% 0.00% 0.00% 0.00% SCHOOL 1.6251. 0.61% 0.31% 0.20% 0.50% TOTAL 100.0096 20.59% 6.20% 19.37% 53.84% LAST YEAR TO DATE RESIDENTIAL 36.52, 11.22% 5.04% 8.08% 10.83% INDUSTRIAL C 62.59% 8.22% 1.12% 11.28% 43.24% 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% 20.05% 6.21% 19.47% 54.27% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 4/30/09 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) 82,550,366.24 67,659.83 9,194.68 (77,882,276.90) (26,000.00) (13,167.24) 4,705,776.61 ti (7) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 4/30/09 MONTH OF MONTH OF % CHANGE YEAR THRU APR 2008 APR 2009 2008 2009 APR 2008 APR 2009 SALE OF KWH (P.5) 51,979,069 51,531,053 1.1791. -2.00% 603,602,491 591,548,640 KM PURCHASED 55,195,063 52,979,532 1.35% -2.94% 622,978,587 604,634,003 AVE BASE COST PER KWH 0.032650 0.042754 12.69% 21.02% 0.029467 0.035662 AVE BASE SALE PER KWH 0.054103 0.057515 -0.99% 5.40% 0.052702 0.055547 AVE COST PER KWH 0.104472 0.077212 31.39% 22.84% 0.088581 0.108812 AVE SALE PER KWH 0.128094 0.116501 14.419, 23.49% 0.110085 0.135948 FUEL CHARGE REVENUE (P.3) 3,845,978.25 3,039,592.83 35.02% 37.3251. 34,636,151.56 47,561,241.01 LOAD FACTOR 78.51% 65.55% %K LOAD 96,305 110,720 { k (8) -Z D r 60 HdV 60 UVN 6011% 60 NVr 80 030 80 i0o 80 d3S 80 Jnv so inr 80 Nnr 80 AvvN 80 udv s0 UVN 80 93d 90 NVr LO 0=10 LO AON LO i0o LO d3S LO Jnv LO -inr LO Nnr LO AVN LO UdV LO UVN LO 9Ed LO NVr 90 OBa 90 AON 90 i0o 90 d3S 90 E)nv 90 -inr 90 Nnr 90 AVN 90 bdv L O O L O O LO O L O O r O 0 0 I~ LO d ' N - - ~ - ~ - O O O O O O O O O O O O O O (f 6 a ~ V j~ d ~ of J 6 a 6 a I I W ~ I I I j i I I v/ O > Q~ I ~ I I W i I I I j I I I I I I i I 80 AON TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 4/30/09 SCHEDULE A fps UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND CASH - TOWN PAYMENT CASH - BOND PAYMENTS CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - UNCOLLECTIBLE ACCTS RESERVE CASH - SICK LEAVE BENEFITS CASH - INSURANCE RESERVE CASH - HAZARD WASTE RESERVE CASH - CUSTOMER DEPOSITS TOTAL RESTRICTED CASH RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS TOTAL RESTRICTED INVESTMENTS TOTAL CASH BALANCE APRIL 2008 FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP APRIL 2009 * FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED NATIONAL MTG ASSN PREVIOUS YEAR CURRENT YEAR 12,909,705.65 7,688,862.07 3,000.00 3,000.00 12,912,705.65 7,691,862.07 3,370,777.42 1,074,412.00 513,220.00 364,970.21 5,032,219.33 28,988.15 1,050,472.22 35,251.72 150,000.00 495,546.00 12,115,857.05 1,400,000.00 1,500,000.00 2,900,000.00 27,928,562.70 4,885,933.12 1,107,200.00 484,000.00 2,977,983.77 3,303,660.59 28,988.15 1,259,537.19 35,251.72 150,000.00 495,344.49 14,727,899.03 2,900,000.00 1,500,000.00 4,400,000.00 26,819,761.10 1,400,000.00; DTD 12/26/03; INT 3.50%; MATURITY 12/15/09 500,000.00; DTD 12/26/03; INT 4.00%; MATURITY 12/15/13 500,000.00; DTD 08/26/04; INT 4.00%; MATURITY 08/26/14 500,000.00; DTD 03/10/04; INT 3.50%; MATURITY 03/10/14 1,400,000.00; DTD 05/08/08; INT 3.50%; MATURITY 11/15/13 1,500,000.00; DTD 01/23/09; INT 2.00%, MATURITY 01/15/13 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 500,000.00; DTD 01/25/08; INT 4.25%; MATURITY 01/15/15 500,000.00; DTD 11/13/07; INT 5.25%; MATURITY 11/13/17 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 4/30/09 SCHEDULE B 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 APRIL 2009: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE PREVIOUS YEAR 3,252,440.47 246,488.30 80,694.09 1,067.16 (158,007.80) (205,573.44) 3,217,108.78 2,714,176.30 5,931,285.08 809,835.11 (52,373.92) 194,170.65 CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL 951,631.84 CURRENT YEAR 3,232,027.79 285,925.62 156,042.50 1,067.16 (208,474.50) (182,961.25) 3,283,627.32 4,762,361.75 8,045,989.07 712,634.85 109,721.73 330,316.40 1,152,672.98 3,232,027.79 (208,474.50) 3,023,553.29 2,351,107.83 77.76% 300,535.39 9.94% 163,648.77 5.41% 96,624.25 3.20% 111,637.05 3.69% 3,023,553.29 100.00% (10) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 4/30/09 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,416,775.28 2,265,683.95 25,580,473.75 31,107,692.38 21.61% COMM AND INDUSTRIAL SALES 3,904,268.10 3,392,887.50 37,800,131.07 45,492,903.94 20.35% PRIVATE STREET LIGHTING 11,037.61 10,067.90 98,832.53 115,150.78 16.51% TOTAL PRIVATE CONSUMERS 6,332,080.99 5,668,639.35 63,479,437.35 76,715,747.10 20.85% MUNICIPAL SALES: STREET LIGHTING 48,900.92 45,380.83 449,320.58 504,289.71 12.23% MUNICIPAL BUILDINGS 260,261.52 93,656.26 2,323,410.50 1,527,896.93 -34.24% TOTAL MUNICIPAL CONSUMERS 309,162.44 139,037.09 2,772,731.08 2,032,186.64 -26.71% SALES FOR RESALE 16,972.33 29,798.24 195,318.92 414,440.37 112.19% SCHOOL 0.00 165,934.59 0.00 1,257,670.44 100.00% SUB-TOTAL 6,658,215.76 6,003,409.27 66,447,487.35 80,420,044.55 21.03% FORFEITED DISCOUNTS 65,296.09 62,157.01 735,162.12 723,194.76 -1.63% PURCHASED POWER CAPACITY (201,018.85) 487,569.37 1,729,203.43 2,353,850.98 36.12% ENERGY CONSERVATION - RESIDENTIAL 0.00 8,869.07 0.00 68,868.13 100.00% ENERGY CONSERVATION - COMMERCIAL 0.00 33,001.63 0.00 244,067.33 100.00% PASNY CREDIT 0.00 (1,123,803.91) 0.00 (1,259,659.51) 100.00% TOTAL REVENUE 6,522,493.00 5,471,202.44 68,911,852.90 82,550,366.24 19.79% (is) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 4/30/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 2,265,683.95 728,085.29 295,388.18 521,728.27 720,482.21 INDUS/MUNI BLDG 3,486,543.76 462,268.23 42,821.74 597,295.77 2,384,158.02 PUB.ST.LIGHTS 45,380.83 15,920.56 5,564.81 7,480.93 16,414.53 PRV.ST.LIGHTS 10,067.90 1,903.08 193.64 3,193.96 4,777.22 CO-OP RESALE 29,798.24 29,798.24 0.00 0.00 0.00 SCHOOL 165,934.59 61,594.85 32,625.99 21,993.51 49,720.24 TOTAL 6,003,409.27 1,299,570.25 376,594.36 1,151,692.44 3,175,552.22 THIS YEAR TO DATE RESIDENTIAL 31,107,692.38 9,884,840.16 4,362,994.72 7,244,497.18 9,615,360.32 INDUS/MUNI BLDG 47,020,800.87 6,339,631.57 664,506.02 8,212,315.01 31,804,348.27 PUB.ST.LIGHTS 504,289.71 177,807.53 62,313.99 82,648.05 181,520.14 PRV.ST.LIGHTS 115,150.78 21,950.49 2,218.55 36,542.60 54,439.14 CO-OP RESALE 414,440.37 414,440.37 0.00 0.00 0.00 SCHOOL 1,257,670.44 472,306.47 240,924.94 161,703.79 382,735.24 TOTAL 80,420,044.55 17,310,976.59 5,332,958.22 15,737,706.63 42,038,403.11 LAST YEAR TO DATE RESIDENTIAL 25,580,473.75 8,201,088.96 3,630,686.38 5,876,182.02 7,872,516.39 INDUS/MUNI BLDG 40,121,153.51 5,555,900.85 750,807.04 7,032,310.96 26,782,134.66 PUB.ST.LIGHTS 449,320.58 160,491.95 54,749.65 73,034.22 161,044.76 PRV.ST.LIGHTS 98,832.53 18,796.30 1,948.13 32,541.00 45,547.10 CO-OP RESALE 197,706.98 197,706.98 0.00 0.00 0.00 / - SCHOOL 0.00 TOTAL 66,447,487.35 14,133,985.04 4,438,191.20 13,014,068.20 34,861,242.91 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 37.74% 12.13% 4.92% 8.69% 12.009. INDUS/MUNI BLDG 58.06% 7.70% 0.71% 9.95% 39.70% PUB.ST.LIGHTS 0.76% 0.27% 0.09% 0.12% 0.28% PRV.ST.LIGHTS 0.18% 0.03% 0.00% 0.05% 0.10% CO-OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 2.76% 1.03% 0.54% 0.37% 0.82% TOTAL 100.00% 21.66% 6.26% 19.18% 52.90% THIS YEAR TO DATE RESIDENTIAL 38.68% 12.29% 5.43% 9.01% 11.9651. INDUS/MUNI BLDG 58.47% 7.88% 0.83% 10.21% 39.5596 PUB.ST.LIGHTS 0.63% 0.22% 0.08% 0.10% 0.23% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.05% 0.07% CO-OP RESALE 0.52% 0.52% 0.00% 0.00% 0.00% SCHOOL 1.56% 0.59% 0.30% 0.20% 0.48% TOTAL 100.00% 21.53% 6.63% 19.57% 52.27% LAST YEAR TO DATE RESIDENTIAL 38.50% 12.34% 5.46% 8.84% 11.86% INDUS/MUNI BLDG 60.38% 8.36% 1.13% 10.58% 40.31% PUB.ST.LIGHTS 0.67% 0.24% 0.08% 0.11% 0.24%` r PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% CO-OP RESALE 0.30% 0.30% 0.00% 0.00% 0.00% SCHOOL 0.00% 0.00% 0.00% 0.00% 0.00% TOTAL 100.00% 21.27% 6.67% 19.58% 52.48% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 4/30/0 9 SCHEDULE F REFORECASTED ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE SALES OF ELECTRICITY: RESIDENTIAL 14,133,384.49 13,290,323.10 843,061.39 6.34% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 17,688,856.90 17,662,006.78 26,850.12 0.15% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 312,853.53 362,427.54 (49,574.01) -13.68% SALES FOR RESALE 173,735.77 117,576.10 56,159.67 47.76% SCHOOL 549,972.85 525,666.87 24,305.98 4.62% TOTAL BASE SALES 32,858,803.54 31,958,000.39 900,803.15 2.82% TOTAL FUEL SALES 47,561,241.01 49,813,644.87 (2,252,403.86) -4.52% TOTAL OPERATING REVENUE 80,420,044.55 81,771,645.26 (1,351,600.71) -1.65% FORFEITED DISCOUNTS 723,194.76 706,918.27 16,276.49 2.30% PURCHASED POWER CAPACITY 2,353,850.98 2,128,101.37 225,749.61 10.61% ENERGY CONSERVATION - RESIDENTIAL 68,868.13 65,143.00 3,725.13 5.72% ENERGY CONSERVATION - COMMERCIAL 244,067.33 248,894.00 (4,826.67) -1.94% PASNY CREDIT (1,259,659.51) 0.00 (1,259,659.51) 100.00% TOTAL OPERATING REVENUES 82,550,366.24 84,920,701.90 (2,370,335.66) -2.79% * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FOUR MONTHS REFORECASTED r (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 4/30/09 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 1,802,092.60 2,265,071.28 18,357,456.49 21,562,477.29 17.46% 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 ADMIX & 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 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 0.00 0.00 0.00 0.00 0.00% 28,522.88 32,847.72 261,334.66 320,898.57 22.79% 8,176.09 6,871.68 83,905.00 67,840.18 -19.150 49,989.33 39,558.26 588,983.93 516,857.61 -12.25% 49,659.27 44,122.13 406,317.70 394,038.25 -3.02% 4,691.63 5,995.77 50,949.17 57,759.44 13.37% 33,575.44 43,885.38 325,329.40 340,107.63 4.54% 27,696.58 30,552.26 274,503.13 282,186.52 2.80% 4,004.71 4,635.60 56,426.36 60,226.84 6.74% 130,038.77 122,523.11 1,331,851.88 1,232,490.21 -7.46% 8,333.33 10,400.00 83,333.30 104,000.00 24.80% 33,509.73 52,487.05 425,207.14 412,918.05 -2.89% 55,542.37 70,706.32 618,093.91 640,377.89 3.61% 21,175.60 26,863.18 198,339.57 236,075.18 19.03% 65,976.81 2,363.71 336,075.20 167,832.83 -50.06% 26,282.23 29,391.93 268,205.38 280,145.11 4.45% 4,002.67 5,951.15 51,522.28 53,529.96 3.90% 90,453.44 86,667.79 958,369.72 1,013,229.64 5.72% 10,457.69 9,586.22 156,481.29 138,482.77 -11.50% 16,640.85 15,032.88 168,468.76 165,597.75 -1.70% 0.00 2,267.00 0.00 112,988.00 100.00% 668, 731 42 642,709.14 6,643,697.78 6,597.582.43 -0 227.08 227.08 2,270.82 2,270.82 0.00% 24,694.48 18,706.96 272,089.07 211,554.22 -22.25% 87,662.30 120,282.59 1,077,164.42 961,338.72 -10.75% 14,467.65 9,889.51 95,171.82 113,481.81 19.24% 2,082.74 350.00 61,518.39 49,402.95 -19.69% (17.09) (1.85) 65.21 24.75 -62.05% 39,362.96 35,334.19 402,804.14 485,441.01 20.52% 0.00 0.00 0.00 0.00 0.00% 33,910.25 6,055.75 102,313.18 73,543.47 -28.12% 202,390.37 190,844.23 2,013,397.05 1,897,057.75 -5.78% 250,525.00 3,964,223.52 261,200.00 2,505,250.00 2,612,000.00 4.26% 1,825,571.10 36,826,459.55 44,228,928.43 20.10% 96,400.00 100,750.00 950,461.00 984,231.00 3.55% TOTAL OPERATING EXPENSES 6,984,362.91 5,286,145.75 67,296,721.87 ___77,882&276. 90-- 15.73% (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 4/30/09 SCHEDULE G REFORECASTED ACTUAL BUDGET OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER BASE EXPENSE 21,562,477.29 19,794,679.00 1,767,798.29 8.93% OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 320,898.57 281,324.00 39,574.57 14.07% STATION SUP LABOR AND MISC 67,840.18 60,710.00 7,130.18 11.74% LINE MISC LABOR AND EXPENSE 516,857.61 508,277.00 8,580.61 1.69% STATION LABOR AND EXPENSE 394,038.25 400,733.00 (6,694.75) -1.67% STREET LIGHTING EXPENSE 57,759.44 54,177.00 3,582.44 6.6191. METER EXPENSE 340,107.63 327,256.00 12,851.63 3.9351. MISC DISTRIBUTION EXPENSE 282,186.52 275,674.00 6,512.52 2.36% METER READING LABOR & EXPENSE 60,226.84 60,659.00 (432.16) -0.71% ACCT & COLL LABOR & EXPENSE 1,232,490.21 1,238,906.00 (6,415.79) -0.52% UNCOLLECTIBLE ACCOUNTS 104,000.00 104,000.00 0.00 0.00% ENERGY AUDIT EXPENSE 412,918.05 617,078.00 (204,159.95) -33.08% ADMIN & GEN SALARIES 640,377.89 643,757.00 (3,379.11) -0.52% OFFICE SUPPLIES & EXPENSE 236,075.18 207,972.00 28,103.18 13.51% OUTSIDE SERVICES 167,832.83 204,597.00 (36,764.17) -17.97% PROPERTY INSURANCE 280,145.11 300,857.00 (20,711.89) -6.88% INJURIES AND DAMAGES 53,529.96 49,517.00 4,012.96 8.10% EMPLOYEES PENSIONS & BENEFITS 1,013,229.64 932,775.00 80,454.64 8.63% MISC GENERAL EXPENSE 138,482.77 132,491.00 5,991.77 4.52% RENT EXPENSE 165,597.75 156,640.00 8,957.75 5.72% ENERGY CONSERVATION 112,988.00 0.00 112,988.00 100.00% TOTAL OPERATION EXPENSES 6,597,582.43 6,557,400.00 40,182.43 0.61% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 2,270.82 2,362.00 (91.18) -3.86% MAINT OF STRUCT AND EQUIPMENT 211,554.22 183,325.00 28,229.22 15.40% MAINT OF LINES - OH 961,338.72 939,440.00 21,898.72 2.33% MAINT OF LINES - UG 113,481.81 106,175.00 7,306.81 6.88% MAINT OF LINE TRANSFORMERS 49,402.95 129,197.00 (79,794.05) -61.76% MAINT OF ST LT & SIG SYSTEM 24.75 3,716.00 (3,691.25) -99.33% MAINT OF GARAGE AND STOCKROOM 485,441.01 474,856.00 10,585.01 2.23% MAINT OF METERS 0.00 6,098.00 (61098.00) -100.00% MAINT OF GEN PLANT 73,543.47 67,122.00 6,421.47 9.57% TOTAL MAINTENANCE EXPENSES 1,897,057.75 1,912,291.00 (15,233.25) -0.80% DEPRECIATION EXPENSE 2,612,000.00 2,598,532.00 13,468.00 0.52% PURCHASED POWER FUEL EXPENSE 44,228,928.43 48,775,917.00 (4,546,988.57) -9.32% VOLUNTARY PAYMENTS TO TOWNS 984,231.00 961,563.00 22,668.00 2.36% TOTAL OPERATING EXPENSES 77,882,276.90 80,600,382.00 (2,718,105.10) -3.37% * ( ) = ACTUAL UNDER BUDGET REPRESENTS SIX MONTHS ACTUAL AND FOUR MONTHS REFORECASTED (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 4/30/09 RESPONSIBLE REMAINING SENIOR 2009 ACTUAL BUDGET OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE PURCHASED POWER BASE EXPENSE JP 22,830,986.00 21,562,477.29 1,268,508.71 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 EQUIPMT MAINT OF LINES - OR 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 REMAINING BUDGET % 5.56% VC 0.00 0.00 0.00 0.00% VC 267,439.00 320,898.57 (53,459.57) -19.99% VC 44,387.00 67,840.18 (23,453.18) -52.84% VC 579,502.00 516,857.61 62,644.39 10.815, VC 531,966.00 394,038.25 137,927.75 25.93% VC 73,805.00 57,759.44 16,045.56 21.74% DA 419,257.00 340,107.63 79,149.37 18.88% JD 338,358.00 282,186.52 56,171.48 16.609s DA 66,356.00 60,226.84 6,129.16 9.24% RF 1,662,842.00 1,232,490.21 430,351.79 25.88% RF 125,000.00 104,00.0.00 21,000.00 16.80% JP 996,638.00 412,918.05 583,719.95 58.57% VC 816,337.00 640,377.89 175,959.11 21.55% VC 226,000.00 236,075.18 (10,075.18) -4.46% VC 475,400.00 167,832.83 307,567.17 64.70% JD 429,500.00 280,145.11 149,354.89 34.77% JD 54,651.00 53,529.96 1,121.04 2.05% JD 823,600.00 1,013,229.64 (189,629.64) -23.02% VC 251,053.00 138,482.77 112,570.23 44.84% JD 212,000.00 165,597.75 46,402.25 21.89% JP 0.00 112,988.00 (112,988.00) 0.00% 8,394,091.00 6,597,582.43 1,796,508.57 21.40° VC 3,000.00 2,270.82 729.18 24.31% VC 101,354.00 211,554.22 (110,200.22) -108.73% VC 1,243,249.00 961,338.72 281,910.28 22.68% VC 105,935.00 113,481.81 (7,546.81) -7.12% VC 216,000.00 49,402.95 166,597.05 77.13% JD 10,979.00 24.75 10,954.25 99.77% JD 631,720.00 485,441.01 146,278.99 23.16% DA 18,558.00 0.00 18,558.00 100.00% RF 135,000.00 73,543.47 61,456.53 45.52% 2,465,795.00 1,897,057.75 568,737.25 23.07% RF 3,175,200.00 2,612,000.00 563,200.00 17.74% JP 54,551,431.00 44,228,928.43 10,322,502.57 18.92% RF 1,209,000.00 984,231.00 224,769.00 18.59% 92,626,503.00 77,882,276.90 14,744,226.10 15.92% (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 4/30/09 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING PENSION ACTUARIAL EVALUATION ACCOUNTING LEGAL- FERC/ ISO ISSUES ENERGY SERVICE LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE PROFESSIONAL SERVICES ENERGY SERVICE PROFESSIONAL SERVICES E & O NERC COMPLIANCE STATION 5 ENGINEERING LEGAL SERVICES- GENERAL GM LEGAL SERVICES- ARBITRATION HR LEGAL GENERAL HR LEGAL GENERAL BLDG. MAINT. SURVEY RIGHT OF WAY BLDG. MAINT. ENVIRONMENTAL BLDG. MAINT. COOLING TOWER REPLACEMENT DEGIGN BLDG. MAINT. LEGAL GEN. BENEFIT PROPERTY APPRAISAL GEN. BENEFIT COST OF SERVICE STUDY GM MMWEC BILLING GM COGSDALE SYSTEM DIAGNOSTIC EVALUATION ACCOUNTING PASNY PROJECT BOARD TOTAL REFORECASTED YTD BUDGET ACTUAL YEAR TO DATE VARIANCE 30,250.00 30,250.00 0.00 4,100.00 4,100.00 0.00 5,267.70 5,268.00 (0.30) 33,087.25 40,628.00 (7,540.75) 14,183.46 24,910.00 (10,726.54) 4,166.36 1,225.00 2,941.36 0.00 10,000.00 (10,000.00) 21,847.50 32,071.00 (10,223.50) 17,166.04 27,797.00 (10,630.96) 9,081.30 3,460.00 5,621.30 3,286.50 12,395.00 (9,108.50) 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 0.00 1,000.00 2,796.16 3,332.00 (535.84) 0.00 0.00 0.00 6,749.56 6,750.00 (0.44) 1,111.00 1,111.00 0.00 7,550.00 1,300.00 6,250.00 6,190.00 0.00 6,190.00 167,832.83 204,597.00 (36,764.17) PROFESSIONAL SERVICES BY VENDOR ACTUAL RUBIN AND RUD14M 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 ROBERT BARTLEY SHOR- ATTORNEY UTILITY SERVICES LLC 49,147.09 10,970.52 23,903.14 1,144.20 2,235.11 4,100.00 38,662.00 3,286.50 6,119.56 350.00 7,550.00 14,183.46 850.00 1,000.00 2,400.00 1,931.25 TOTAL 167,832.83 (13) o\o 0 OR oR o\o 0 o\o o\o 0 M 14 ri M N N N O d~ M rl d~ ~ M N O CI1 M M O to ri m li O 00 of M ri U I o\o to N t0 lp r{ n C11 n n ~-i O ri m tp N U1 M 00 U1 O N r! co co r♦ N to m to U1 0) co 0 r of rl C O n 01 U D n O, 00 to Oh rl r O r r to O1 C1 O O O rl ri O O O O d~ O d~ N 00 CA m r H N er d~ N n O m r E+ in r o ut to ~N to CA ai o (Wg eM tO 01 N o1 N d~ U1 O M d CO to m M M Ot r N to U1 N O W r n W a pf H M N r C ~ rl W ~ . U Q H He 7a 4n Co to to CO r m M M W W O a 01 r N c W q corim00 O r C9 O U1 rl co rl r d r N N W 11 tp lD U) eM 01 Q a W W c,4 %D r, co cO m 00 W H U1 n n to " - 110 N N U1 U1 M rl co U1 N 0 t+1 N n N cN W III OII 10,0111 W IM co to M z 0 H W a W m w 0 ~ H i w W ~ v ~S WW 3 H w a A H O W W H 1111 ~ 7 O E+ A ri) A m H O H ! H H P(iG] ~-1 H W V) U,. U., A 7 w m PQ W C W W a O W yU Q o O H N W o M 0.1 a ';na O H O d~ a a w O ,q7, a ~G W 2 H a WW 2 U' W 0 0 0\ N. o 0 w W Ot O m N Ol M Ol N U m T O b m N N O mHalndom m E H~ i Ot N b N d rl I U~ I I H ry I ay ' bolnmbinr h'I Ol l0 d r M N m N rl ry M M M m N 01 d ° L1 rl °i N ri rI Ot W ki H b D w E ~ H n o m Ol M b d In.-I lnMnbo a Ol N H Ot v H m Q ~ b M d H a U ~ N a h O O N N N O V1 M 01 01 a, r N ~ b Q N N lO o o rl m o °i o mvloH O 111 N M h .-I v N N O Of O b N H N d N b M m W N d V d .-I W d N 'i O r O o Ol N m O) N b N N z In m ~ In f] d rl N m o 0 o b o 0 m r o U O M N a r o o m o o r m m °-I F ' m o M o o m N N N N a N H H r n m O a ri Ol O O O Ol O m b N d a m M W N m N m N d N d N 0 Ot H N N h M n 0 m 1(1 N N M N h O 01 N .-I r M a 0 1 1 I N I N 1 1 N D M N h m 0 N d O d b h M 0 b m 11 0 o n m o .-I N N O N H O N N d H N O\ N N N d h Ill OI m 0 N N m N H M M Ol a M N d m b N M N M M o o m a o 0 a a M r d N N N H M N m D VI M O D H o o N o M O m ei .N.. m M N .-1 O Ot M O O lO h b h M N Ol N H N m b o m m o 0 m M .-I a O1 b M " N ~ .+hnrl-+oo b o b r o M M m N M N d .-I .ldomino mrdlPmti m M b N v I N d N I N O h d N n 0 N .-1 b to M M d an r M Ifl N N Ol h M m h 0 N Ol N m N m M N N N a\ N N b l11 b Ol m N N O m M Ol O Ol I(1 N n m 0 0 0 ri lD N m°-I VIa H01 MO m r b b r M m Ina mo 1 o M M V N r M ID o Oo M r u1 N OI m N Ol M r o o e-I o N I 1 I m N M M N N I H b Ol r H O O Ot m I I I I I I I H N H I i I I I N n lO d N m lp M N M m n r M n Ul O M O N Ot O h m N O d N m h m m N d N N m m d N m M M !n b O M b m m Ill N Ol r m M N h d d Ql N N N N M m N M N N N b m m N M b m m H N h N d N d I O N N .-1 H H N a b N n 01 N M °-I H N r H N b H M N M m O r d D I-i O ip N m Ol lp I-1 M O O h M h m N N r N b O H r D 0 111 m m ry 0 I(1 n b N 1 r1 1 O N N 1V OZ N m Ol 1D N Ot N N N m d d h a h N H Ol N T a m N rl H m O N N H ei m M Ol N a 0 M H M °i N ri r m d N a H .-I o H m o, m In N o o cv m o o In o NmnmluHrulMammom m~ N b O r r O N m m a O M N Cl h m M N N N m M 0 0 Qt 01 N r N .-I h b ul n M a m a m M a m m M o o m o 0 o m o NaulNb oomoln .-r II1Md m F N Ol N b m m at O r d N m h a N Ill h 1(1 N N N °-i N m N h v M H M N N h O N M OI N M O m Ol lO M °-i i(t O O b O O D n O N a Ot N O r N N d N O N d 0 b H N Ol Il1 N m N N N Ill Ill N m O h ~-1 om .-i ri ci Vr<v n)rir d N N N N h h m m N a m O1 m N M-N H 1l1 O 01 O m O O 1D M N m N b N T M d m Ill M m b r a N N lP N O M of a h e-I H m m m d d r N m m H N N M H b °-I d m d n d °-I N O N M r o n m rl ri b m o m M N d N o o m in o o m o N N r1 N t0 m d d H a h N Ot O h °-I b N m r N N N m N h O H N N h M O N N N N N si b Qt Ot H O m M H N ri N nMrmrmMaNaln ulorooooo0~-1o N M 01 b rl H H N n Ol d lP N N .-i N N 1 N N H OZ N m m O1 d m m n m O H N ri N M Ot O N b 01 MN H N M h mNbOmoa.-Ia.imnNa rvl lnoono N N h d h N O1 m m Ol M m N n O h M N N N Ol N h a Ol a Ol H b N H M b N m N v O M a ei N m b d N lp N N ri M rl M N N M N r m m O m a H H 0 a h O n h N O N m 0 0 0 0 N m m M a h m H b M 0 H a m N H- d N Ill Ql M N m d Ot °-I r N rl r N M a h b N °i H m Ol H a d Ol N N m N N N N 0 0 0 N O a b N O h N b Ill Ul h N H O O M M N N m Ol ri h m N d N h b N N M N m d M d 0 N 0 0 0 M O N m M d m 0 O~ O M n N r 0 N d h N Ol'. 0. ~ Ol N d N m O d m e-1 N N b d b Ot O O m N b N a n o N N h 4 ri r+ t .i m a N v M vi vi ri 'i ri ri Nl ui o m o a I-I M .-I N N .1 1-` n >a vlooo.noM vl ulmrrnlmo M nmoaanmM<vhb~PMOOOmoooloo M l [ + OlH ul M m °-I a N v m r mnrtNbm 01 °-I °-1 M °-i v a 'i Nm ood.-IOU1MdMNNa In d N O °-1 lO m ei tO N I.1 N N b M O a v v d n IV N .-i a O1 of In v a•1 ei In o .-I I~ In m J I-I N N M d M v ri O N z U U a ~ [ar ~ a ~~zw71 ~.Z7 (.7 m c~ E. 0 a ° N H a 14 H w H U' W 7., [ H 2 } H w W I -1 7 W " W a E H J a pP'',~ r.~7 a 0 w a la ( H a H ,'µHL MA E. 2'1 a H C7 m H P I 1 H m D p p~ H W tWL 7 P H v1 ~ U ' -1 p ~ 1 F P V~ U ' H H { U y p U H ' k S N 'F+ r~ m E m P7 F H [ ' U' W b 0 7 vl C 9 U £ ~ zz f4 O m U W W W P P t4 O U w W W W kk PP t t~~ U a o W to O wa U a G O W O ' O W a p 4 O W U A U H O A U U H e ( P . t y U F H I n W W O O a' a a H O ai W A W !4 14 U P' P: O Pi Pi O F Pi P: U q w W N H q { p H V~ a W W p E Hx w 7 H 0 Z Oq W W xH xH W I WO Oq . fi { W0 1 H ~ 1 p00 { O P y a ~ . .l O W > a0 w p r a .7 W N O O a r P ~ r r ~ r ~ P ~ . y P 1 I r e r ~ a 3 W r-A .7 .1 D F. rl .7 p E W O 0 0 0 0 0 0 0 II~~ N b O O O O O D O ~ 0 0 0 O II~~ N ei O rl N o N Q, H N °-I r-1 H N o o F 0 0 0 0 0 0 0 1 -1 0 0 0 0 0 . 0 0 H N H H H H H H H H H N o N N N H N N N H N ei N N o Q, E N 1 1 1 1 1 1 1 o H o 0 M o O E (9 1 1 1 1 1 1 1 0 0 0 0 0 .i M O F 1 1 1 I I I 1 1 1 1 1 b1 b1 b1 ri I M 1 1 1 1 4.1 b m H .-I rl m N m In M M M M a a a O F N N N N M M N M 1 i{ m m m m W N N I b m m m W m m m Ol 01 Ql N 01 Ol 01 Ol T 01 T Ol Ol N 1 ai 01 O1 01 Ol 01 Ot O\ I(1 ill m N N N N Q {4 ill 1l1 I!1 N N Ol O\ W ill N I!1 N N N N WP] p Ip N N N i(1 N N h N N N N N ill i(1 N to Vl N Itl N N 01 b 111 N N Itl N N Ill ill i(1 N Vl Ill i!1 N N Ill I(1 N N N Ifl ill a ~ l l l t l l l N 1l1 m N N m N N W 1 1 1 1 1 1 1 'zi N V1 1(1 N N N N V) I I I I I I I I 1 1 1 1 1 1 I 1 1 1 I i l l b m b b lp m b b b b b m m b b b b b b b b lD VJ O 111 VI N N N I(1 ill 1 1 1 1 1 1 1 H b lP lP m b b b f, 1 1 1 1 1 1 1 fi~rr]] b m b b lP m b 4P b t0 b lP r b b b lO b b b b b Z I I I I i l l l l l I 1 1 1 1 °U °-i N H H °-i rl H H I-I N N N ei H l l l i l I I H N H N H H H .I H N N H H~ H H H °-i N W 0 0 0 0 0 0 0 0 0 0 o O o o a a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 N Q a WO a W u O1 ~ O E N [W O P M W a naa Q z E O W W W a a o W ~w Hz ~~a]1 Z zH W 0 0 W N O b n H U m o n N r ~ ~ N O Vl in O I O h N I U a 2 ' ei I y a moo tl m H O b m In IR.~~ Q N N b In H b [ i H °-1 d lD ~ N moo m i a O b in 4 m H N ~I H H tl H H o o d M O W d N M H of O o tl I r r I m H M H I H O O OI h 1f1 I r N W M H N O O In I H d In M t] Ln H m O O to U u; ~ Q tl H o oovl o W m N 2 M H b O O V1 H b b E m H tl U d H O In o o H d o W tl H to r o o m M tl I U o tl a 1n H O O O H tl d M N I r H \ ap 0 0 Oi N m d M O N H r r H VI O m H m W w o o to N I b b o n I I H I m m T m m N W h d T b N M m H N O b H M N H O U1 N m h H N M M tllnNOho r m m M o b r YI m N Oi H d M ' rNn OI b N O m O 1 H O O In i M M N M 1 d Inhmobo i b r o o m T tl m m N d b v 1 M H 0 0 0 0 O O H V 1 M N M H M 1 H m OI O N O I H m 0 H 1 H M I b N O H m a N O m d d N N In N at H T H M r O 111 O H mm b m r W v I r N O h T 0 0 0 b in b b d d I n N O b 0 0 01 O I M m I d O I V H H N N O H O H H b b m b o M H N M b a m O h m n d o T m N H M N 0 0 0 0 a 000 o° o° O tl r m tl b N m b O b h N O b In 01 D O N M N M N b 0 0 0 N M O h H OI In h 0 0 0 m Ih H tl N In o r+meovm o otimv<vm rlooo.-i o0 0 H H OI N O I H I H 1 I H M H OI N O b O O O r I I I I H I H H H I I I I I H I uI InHNTOmm O O d N T n tl N T tl bb b o m mnmoom O M V1 In H ~1 T b M O T m N In d h O r b m d H m d N Ot d In M W H m O d T 01 ul tl b M b H in N H N If1 N N b OI In W d In m 0 N H b d M N H N H H H M tl N HmmrHMmiv h b N b b a d m Oi m d b H tl N T M T d In in N b H r M b b O m m N m m 'i, h OI O O N r M N M d V N r In b N m M bnlnTtloln io n r OI N O N v m m N N m 01 m I!1 v tl d M b W O M H m 0 0 r m m M b N v M r v M m H N m d H N bolnH Vlobm h M h N N .Hs M Oi v N n In O d M O Oi h O h b h M bMHlnrlnoH M N d m m O N H n m M H N O OI N T h W In T b r H H o b o b T H v m 0 In r m o N H olnommnHN N m tl r O d O H InmmrrlnH b r W H N Hm~vlmorb H T H 01 r N OI In In H O N 1f1 m U T W tl O N O N tl O d h b b H tl m O N b M r v H T M r H m M O N O M 01 O In b b N b O h V1 M M T N H H tl v n N CN H m b o o ro T o 0 o b mMmvlhmo m In O OI H m tl H In T d 01 M b d O M N O O m 0 0 0 O b r In O H N Ifl M H Of H 1f1 M H o m W o d b o 0 0 0 0 Inm nr b Ift tl O H M m o o T o 0 0 0 o r 01 m m v d N In r b Mmoor mboooln H O H H N N b H m tl H H O b H O d M W O O O O M H M H m 0o InHb b N N H O N d O T M m o 0 0 0 m to o M b In In b b M M b H o+ H H N O m O H N 0 0 0 r O~ In O IflM mHOI m m m W H b H H H O b O O N b 0 0 0 0 0 in H m T 01 d N d W N d b H N m m d o tl h m o 0 0 0 O M O "WW d m b M o N O H r H N H M m T o b b o 0 0 0 0 tl H T O M tl m M tl y H o H N a co N H yay~ H W H a W H W U O FF a 1° i c 7 o u ~7 H pW«~WW«~a";' ( w..~~ a y H W O W W tho W d H W O U W aa ( Z W 7. W O U W W , H W O I U W W O£ O H a U a W O O .7 H a W P H a W W W W a U W W W A U U H W H W W P a U H O O W W a a U W F W W U a H Z7 O O O W I I O WO WaO aWp ywH~ W ~ paOq spOW {.HWy w (F E taOq F rWO~ pa 7 W ] {y. W C Ha ~a ~ s xW q pa q Wa tQ D ~ m r ~ a .7 to p 7 - . ^w .7 `7 W D O m a m a ~7 W m m p H I7 I-7 O m .7 ~l W d H N Y1 b a H 01 H N M b O 0 0 0 0 0 y~ Q OI H OI H N T In b O O 0 0 0 0 0 0 a d OI H N M ILl b O T H N O O O O O p O 0 0 0 0 0 y. 0 0 0 0 H H H H I I I I ~i E O U H $ 0 H H H H H O 1 1 1 1 1 1 H O m H H H H H H H H 1 1 1 1 1 1 1 1 H O H H H H H H O H H H O I I I 1 1 1 1 1 1 1 1 E O fl N N N N E {>7 b b b b 10 H H b H H N N N N N N E O O O O p O N h n n H O O O H a 1 F 0 0 0 0 Of OI OI Ot I W{G U W m m m m W N VI In Ift In In OI 1 ((AA m m W W m m m m U1 Vl In U1 N Ifl In N i pW'1 I OI 01 OI T T O\ OI I I N Vl In In In In N N In N N m O Ifl U1 Itl In D H In N Vt Vl In U1 p .7i N N to N N M In m O In In I(1 In In In Ifl In Ifl N In F W I I I I O O O O VVII W I I I I I I r r h r r r VV!! O H I I I I I I I I W m m m m m m m N I I I I I I 1 1 1 1 1 m W m m m W m m m W m W {a W W m m m W b b b b b b H b b b b b b b b b b b b b b b b b b b a7. ~ E W I I I I H H H H F ~ I I I I I I H H H H H H a F I I I I I I I I H H H H H H H H I I I I I I I I I I H H H H H H H H H H H 0 0 0 0 0 0 . C UI 0 0 0 0 0 0 0 0 0 0 V1 0 0 0 0 0 0 0 0 0 0 0 0 0 N a 0 04 Ojj ai 0 W N U o hahd~ {ayi W Q any ~PH1 (9 Cw N o N W H fL A W w m N a W O 2 W W pW w M O g b N Ot 1V LPG [J r o OI 10 N m o ~ o o d m N a a H a i o N I N m U .L N I y I h o N H a 0i 01 0 d m M O N N N m O O N b 1c oloaMdHOr N o M H m H r 1 1 H I H I 1 b b N T h b M N b 0 0 0 m h 0 b N OI M O\ l0 N N d N m H 0 0 b H N b H ID M m 0 N b m O N O O O O H O O H r H h a 1 I m I I 1 M o o H h 0 H O N g h 10 10 N O m o1 et O M o N m W N O O d d N N m m n N H m N O m M 01 O N r N N ~i N N N d b b M h m m N O m h 0 ` 01 b d m r H a O Q h H m N d d N N N N 01 d N N N m N h N W F H N O OI M 01 O N b N O N M N rl lO rl N N N N N N d N l0 M a n o b m o 0 a N 1o m N m a a m r m h o p A R m H W W H H m N a N N U N NN •C N O N m H O N N N N ~ H h h m 04 a b h N H N m o H N a o o d m N a J OI N l0 V r m W Nn m m N N H m H m O O O1 l0 O H N m W N d N W N O h W H N O O O d M 0 M C1 M ` N 1~ N h N O M N N N m O O N N 0 Ot M N U h m N Q N O N H N N m o o m r o N N m o ~ m N N N z N r N M N N N g o o b m o m d N N E H o h r U d N m h O H N N m o o b m o N o n o w d m W 0 W O m N O N N N N N a o o M M o o m m o O H tp M d 4 vi mr~i H N N N O O N m 0 N d N m r O N N d H H N W w u H 10-1 wbw W W H a m to w IY.M' W O a U H O O W P, H N mQ1ap wp W ~pI r7 ~7 W 1/1 W0 0 O H N M N O O N co 0 0 0 0 H H H H O O 1 1 1 1 1 1 2, O O o O N ry H 01 01 01 01 01 O1 N N N N N N 1 1 1 1 1 1 m m m m m m O N N N N N N U 1 1 1 1 1 1 R 0 0 0 0 0 0 H m O N m M M N O N N d N h N h 01 o ff N N m r N v N o n m O m r M m d N H M H a O 10 a N n mo1nONlvooN N q O 01 N W O N m M N a N O r h O N d N m N O N O m M N 0 0 M N d at N d 0 M Ot H O N lD d v v r 0 N b 0 m d H M H O O O m b N O M a m M N l0 N o N h h v M a N N N d N o d d N W N o O m o\ 0 0 0 N N m N H b o m O N N N q M Ol H N d O N a H 01 M O O M lD b N o r d m to N M r a o a N H M M l0 a H m N M N O N d N q b O d O N 0 0 0 0 n H m o H m H o N m o 01 ry d OI N N N O N M H m N O O M N O O O O N m Ot an d o 0 t0 M m H q m N W M N O r m H M h O O m W O1 N O N a b l0 n r m H h O N n a m m m n g H N lD N H N O m N H N N 10 0 0 0 o N o o m m N o m N N o 0 N N m N' N N d N l0 N N W N O 1o d N O N o O N m m O O N H H N m N N O n m M W W d N d N ~ N M N O N O m M H N W ti H VI L) H o a Q (C~ H E o m a U W ~77 [G O H u 2 o W H 0 t~ O H O O W N H N m a lp N 0 0 E w 0 0 0 0 0 0 0 00 H H H H H H- H H 0 0 O W I I 1 1 1 1 1 1 1 H I V1 m m M m m m m g H 00000000" Ri m m N N M N N W W £ Nm Nm N N N N N N N 1 1 1 1 1 1 1 1 O E N N N N N N N N N l0 b b b b l0 b l0 10 m D 1 1 1 1 1- I I 1 1 N H H H H H H H H E) 0 0 0 0 0 0 0 0 0 ~I O1 d h m O m b i m d o b T d d d m H N O N N 01 N H O M M O N N N h 1n m N T O O N b N q r o N r m M N O d N h N b 10 m 1p H h D d m 0 1u mommm q d H O N H N O M 01 N d m l0 O O m N N N m N m N N M N O H m N b N M q H O O m M O~ N N N h N a1 q Ot 01 O h d m m h b N M m m O h H d 0 H N O N N b 01 m at M h d N H to N M b N O O d b o N r N H m 0 N H a O N m n ooolurm Ol N N H O d D W h 1 m N M H N N N M n d o 0 o N o H N r H d N N M m m q H m O m O h H r o g o b H 01 N m H b m 1o b N W b m 01 m O O N OI b m r N m m m q h rh O a N m m d v b N N N Q W w H o d W H W F R m W V 11>~: O U W U' H ~ W W 0 N U Ho H N m N 0 0 0 0 0 0 0 0 H H H H H O O 1 1 1 1 1 1 M m m M N N O O O O m N m 01 O1 01 O1 O1 N N N N N N I W b 1 H N H H H H b 0 b m 0 I m 1 1 1 1 1 H H H H H H H Z 0 0 0 0 0 0 M O N m D m D O h D m m m O O N H 0 N H W O M N N H b O Ot N O O b m W H M O b N h H N O1 N Qt b H l0 N N Ol M d N~ h M O ry H N r N o H r d O O N m r N m M o m b o 0 o M m O N H 1p O N N m N r b d N a M D tp N h iL m m d N m N b N N b m r N a N H tv rl vi r N O O H O O O N 01 N N H N 6 N N b O Ot m a\ 1 n N o 1 N r M o N a 01 q H O H b N N b O h N d O H N N H N h N ooooooNO 1n o N d O N N b O dt N N 1 N 0 b N M O N N h M N H o N b N M 1n o r N a N a N N N N r M O O N O O O m 0 m h m m on M b 0 01 N N h N O b N h N W O m H N O N b N N d m d b 0 r N N H q N W b H O O N 0 0 0 OI O N m M N O N N m O O1 b N 1 N 0 b N W N O m h N a N O H l0 N N b o n N d H H N N H N h 01 O H m H O O m 0 W M 0 m o m o b o m m N d m O m N m m h r q N H h N b N N H h q tD h h N H N N h 1p M O O O H O O m 0 d 10 O N O N N b O m m N h m O m N q O h o q d N O H b N N d ~ d 10 o r N N N a N m b N O O a H O D d 0 m N m N o N W mom m N n a 1 b N b 1o O m b q a H O H m N N n o h N a N H N H H N r N O O M H O O a 0 h N N O N H l0 O N N M N r N r d 0 1p N 01 N h i N H O H W N m b W N b H r N H N a N b'' r N O O d H O O N 0 O b N N h m O b N m O N N H O H l0 N N N O N b o r N H H q N M h H o o H o 0 o m o b h N N O N m b O 01 01 N h M D b N N N N m d h H O H b N m d M b 0 h N H N d N r 10 U' a o W % c7 xw 14 ° ° i W £ o w xw rw ~ w i H l t rt z ~w~GG W .7 ywy~~ H w U p W F W t4 W p H y z z W W W 04 F O n p , W p7 W W ~ a p I o 1 A a oa a s O O O N O O N W ,h 0 0 0 0 0 0 10-t N H O C I O 1 1 1 1 1 1 1 1 O O H N N N N m O H H { Q { D N N N N N N N N p "J E W a I i l l l l l l N U r ei uri m H 1 1 1 1 1 1 1 1 H H N N H H H H £ 0 0 0 0 0 0 0 0 [7 m a E O aW a O O w N H O ~H' M y (a(y W a I$A ~ W m H z 7. O F4 W n O 5a a w a N H W H °W U a W (a N M r b 01 W O M N N b 01 b N 01 W H b Qt h 111 b Ol O d d N b m O m M m H O O M O Of H M W m N N h b O O N d b OI O D Ol h m H m 0 0 N 01 N M d d H b Of b m m m N d M O N d 1Il r O b M N m 0 O d d 1l1 N r o 0 H M F~~ N d Ot b 1 h 1 1 1 1 I H H 1 N b H H I 1 H H n M W 1 1 1 1 1 b Qt O O 1 I H H U ay H H d\ M N r h N 00 111 m n d O n H O h b d 0 b M b r M O1 M o o d N rdo.-IM 1nNrod aa W b M d M W N r M b In b ~omo~oom h h Ol O N H mmNlnr H O d H H d O oul lorroo H 01 6 N O b N n m r 111 ~ Q Q h M M O Ot N H b b r H h H b 01 d m at H b 01 r N N H N H b N W H F h O d M I(1 r,' ??~1 E M Ol 'i N N b d O m " °-1 ~ H a\ N d M m d M N H N r N N N a .i N H H O M O !n O O O m n 01 h O O n 01 O r b h O h r O1 h N 0 b O O r O h m M H O d M M D Ot Ol d O m b O O m N 0 m d N W b O O N W H d d Ol O H Ill N M Yl b N b b OZ M N m m H b h N O r 11 O H b H H H O M M 111 F W m In H b r N Ol r r 01 Vl M b H M H Ot M O M d W m 111 M M M M H N m m b Y1 H N O H Ill H M d N N M U a N H ~ d 01 O O O N H m O M r 1(1 H N O W O O O Ol d 0 H d H H O Ill V1 O O N M O N W Of V1 b M a, H N M O1 m O II1 d N m m M itl d m d O d M m H N d b M M H m r m N 1l1 M 1(1 1f1 d M a Ol Ot ill b I[1 a 1D ei M o d N rl Ifl M b o M N N m rl v °"I N M N N N O m O O O b n 0 b d O d h O r b O O b M O b N m W H O d O o w b O O N N Ol d b N O b H m r N m N m m O O b H O N N h d Of O Of d 01 1l1 ill N Ol an d d r d m Ol W H d b M d H M n N H b r 111 M b H N N M m M b H H H d b N M b H N m o 0 o 0 O M b o w m O N b 0 0 111 O o m r b N O O 0 0 0 m m W N m d m N O N Ol In N H O N r H In O b r w O 0 0 M b N m m b M o N M d Ot b N r N h W m H b l0 d b H N M W N M O N N N N r M OI H 111 H .H.. H M d N N N N IO N O O O O Of Ol O T In M W m O m at O O O N O M N Ol r O O M 0 0 m m 01 H o N Ill Itl Ol OI b r N W O Ill M m m V1 N d N z m ooMN o u1 rNm mm m W d 1-1 mr m H 1n m M N 1] N H H 111 o b A H d 01 N m H b H d n b M N N N N m H m o o N m d o m N N M d 0 0l H O O m n O N h d o o o d O o m h d d N W M H H b N 111 d N 111 H h b O itl H M N b a N N d N H r t0 b d N h H M M 01 b N n m h 1n C c O b d m N G H N M H ul m H d H m H v Ol o W H M m 1f1 M H N N a H H N H O O O O N H M o m N O d N O m N O O r m O N Ol H Ol o o m o o m i! T m m H 0 N y m NoMMH N o b m 0 M N o01b rN Ol h M olo 1 O n H ill d NM N H H d a 2 b b l0 m d N H d H r N r M m O1 M O H In It ry m H ~ v H N M N N O N O1 O Ol O O N M H O r H d M M O m N O h N 01 O m r T m 0 N Ol O O H a N h W b 01 N r b o o b Ol m d b O M M 01 M N N Ol O F M b N M O N O1 N m O o t N M N H O M 1p d r m U b b Ill d d b M H M m d b N M r O N Ol H d H N M N N N ~ N 0 0 0 0 o N O b O M o 1!1 b Ill O M m o a H d o N h O b O o N o o r d N W M W m a b N d d N -o H N H N d 0 d N d O d 111 m o N N W m b a s m d b tl m I(1 N w H b Ill Ill d m H M H N N M m m M O N b Il W H N m H d v H N d M M o H d o 0 0 0 N H of O r N N M N O H M O O O l0 O N H N H o O d 0 0 b O H m H 111 d H m N 1l1 W h H ill H m M b N H C b N Yi N N Ol 101 m d W Ol m b d 01 d N b C Q r b d Ol d H N b 0 01 N M M O H Ol N c N m H d H b n N C b O N M O N m h O b r H r r O H b O O m b o o m d b M O N O o m M m H m N m d M M H o ill m N N H b d N m w H O Of N Cl m d r b 111 h M H H m H N O m M b H d W N m M d N V1 N N M O H d N r C N ~ H N v N H N N C M ) W H W WT., W w r7.~~ W C7 W w U O W paa o a z (I4 P E lW/i H .tl .ti wy w W p~ W w E W W W frr u C] a H W H S C9 O w w a W o a N ,[2Eyr., t. w P a 77 W H W O W O a H W H O M 1!1 0 0 0 O O 0 0 0 0 0 0 0 0 0 0 0 H O H H O I I I I I 1 0 I 1.11 t 0 o H O O M OV1 b H 010 N N M M N N N N M M O1 O1 01 01 01 Ol O1 A OI O1 N Ill N N III Ill 111 1 1 1 1 1 1 1 1 1 1 M m lflM VIM M 111M M M M M N N 111 111 N N N Ill N N I l i l l l l i lH l H H H H H H H H H 0 0 0 0 0 0 0 0 0 0 .77 1C H oo E I m e z O H E a H O a m F .7 o z (.Z~ WUI.~ E W IG O U W r E~ C7 a a 0 0 0 N Oo rW O~ w a 1.07 H 7 ri w~ a z w W Ol H N M a W o 0 0 0 o N H H H H H W V I I A M M M M M M M M M M 1f1 I(1 N Ul ill 1 1 1 1 1 M M M M M b m b tp b 1 1 H1 H1 1 H H H o 0 0 0 o a Q F O H I W W N d b W u E, Z .9 z H A ..7 H p'! p W a o N tW9 Ny W t5 O U W M N; W p .4 v, Iwoy wQ O r~ pay 0 o w W ~7 ~7 w En O H N M Ol 0 0 0 0 0 o H H H H I I I 1 1 M N N N N N M M M M T 01 OI O1 O1 m 111 N N N V I I I d d d d d b b b b b 1 I I I I H H H H H 0 0 0 0 0 a Q E O H I W VI b Q 7Fa..~ W a a H a w H ~ W g H o wW w H [~.ry~ H w P H C, O U W ,+pG~ W Q 1Z 4 A ..4 W u N ~r oq~ ~Q Oq N Wp a ay w H 7 r7 w to m W z w o 01 H N M Ol d o 0 0 0 0 0 0 0 H H H H H H O i l l l l l l m m m m m m H m m m W m m N N N N to N V'1 N mm V'1 !n No m 1 t 1 I I I I 0 0 0 0 0 0 0 b b b b b b m i l l l l l i H H H H H H H 0 0 0 0 0 0 0 7 a H o F I (wA P N A a H O N v` ro` a f a w o a s a \l o a a N. c T a^ oN R o° 0\l a o OR o W N m T Q~ lD Oi U ) 0 111 m o Oh m m M o N O H m ei N M o v -0 M Uu~ryi., m b o Ul OI OD W H W H N n d~ O U ) o O m o b m o N ID Ln m m d~ R N O~ e1r h m V~ ° O H m M M b eX O m O H r 0 0 b b O 0 H ri M 'i H H W ei N to b 1 O M O ~-i r U1 M ~p <M atl A i I e-I U ( 1 I I I 1 r{ N 1 1 I I I I R C Qi I I H b N r 0 b N m 0 )n m b 0 V I m O m 0 0 O N n O) m O O VI UI W M b b M m m m N N b H h N U) O H m m m m ? N N N I~ O) M 1l r 01 m 0 1 lD M UJ m m U) O ) N N ~-I M m M r m O ri rl O O H Oi N m 1-i H o0 0 m m r en H N vi m b b m O m m M OD ON M M h U) M b E H N H H U) b 0) W h N M M O) N h m b N s>t r O n 0 m rn m h co H O O m O O) O N s!I n O m b W M H" to M m O M U) O m m " W N N m U1 M M r U1 N eM M N b M H n M sP m M M n M h m b to H A E E F N tN rl M ' N O V) M O O M N M 4 M M n J1 O D M eX U m O N M m n N n H N N H H H u) N O M M N N co O h m O r h O ID O m H co O O O O O r b N N b a' m N H OD N U) O h m O a H eM M O) m " H H r VI v U) co m b H N VI v b H H M m N M VI N N H H N O N m O m N r O b N O h V O H O O M 0 0 0 O O O M b UI U1 H M VI b m N O) OD H M UI ID O) O) O H N O) b r H M O) H U) b Ul N d' cM b V H H M al H O Ol N M H ~ U) W O O sp O) N b 0 H N O r m to O d~ O O O O O O O O O h O) Ot M h b M h N b N co N N U) m m ett dl VI M H b m UI b N etI m cp b O n h U) W H (y m N h O) O) H r H 01 H a. H N H H H b O (aW M O Ch M N M O) O h O O N n O O b O O h O O O O O O h a U) H N N O M Ol n O h U) m O H N O s>t b h H aM 10 N U) m 'W eN 14 v m W H 1•} co U M O H N n U) M O1 ,7.~ p '-I N H 'i 'i aM H N N m n N N b H O O b 01-1 N co U) O m o o In O) OD O h O O H O U) M M (N m r b H M m w b b O) b m co H m N M U m N m H M U1 m h N m M O ap H O W a A o -1 n 0) b b n H w O a N N H H in A b O M O N H O N U) O O M m O O N O O N O O O O O O M 'a O h m H ap O H m b r O b b N m b O m O H 7a H O N m U) H m In a N b O b N tX 2 N m O) to m H H to PZ N H N n L n W H A OD M W O N 0 A 0) cM O N O O m ap b O M O O co 0 0 0 0 0 o H O N b N eN " m N N -0 41 m m H H H H O M H O H O o H n W Q m ~ r V M H al N O) ~7 M H r b H M N Ul b O W H O O O N m H co o U) h O (N N b 0 0 00 N O. O'.n m O O M ~M co " H 0i 'dl O M m N at O N H eM b H m N " b N h O O - 0) - O) H U) b H W N N M H b H co H N N H OD H O) b W C9 b W n v O U) to M o 0 0 o N dl H O H O O N 0 0 sg ery O O N H M N h h N dl H N " h N H lp h H 0 m N N m U H H O h O N M 1 b N 1 H h " H O P 1 b a O) O s/ sM O) N N h b M H M M m H H M H H b M O O O N M M m O O o in tM sN H O in O.O M b co 0 N O O h '6 c0 N M Ot N N eN N h b in h O) O h O 7 O) O v p N m O) O b r rl H H V~ n 7 b V~ O m co to v O H H H 1-1 N 1..1 m m W U W U W a ao wao A, o p p,, w t~77 co W z w WUW ai b d m 2 m d w U ~7 ai W U W W a W U W W a m 2 m W W U W W W H 2 a O W 2 W W A E C of w n p H C W u D H 0 C7 a U H A u N 9L) H A o c 4L) AP 99 H H to W u 0 H M O H m W W U UJ O H U W W O 0 U U N ~ q p r ~ W 1] O O W z> O O W m z A ~ H » O£ W t 57 z C9 0 0 0 0 0 0 a U 0 0 0 0 0 0 d a 0 0 0 0 0 0 0 0 o H O O H H H 1 1 1 1 l 1 H O H O O H H H 1 1 1 1 1 1 E O H o H H H H H H H H H E ..Sw o H M o 0 . N N N M M M H 1 O m o H M o 0 o H ai ' 1 1 1 1 1 o H o 0 o O H I I I o 0 o O E I o O H A ` N O) O) Ot O) O) U) U1 m U) U) U) ~ N N N M M M OI O) O) O) O) O) UI N U) N U) N I (Q h rl H N N M M M N UI m m m I b N N M m N U) 1 m m M m I N E. - ? 1 1 1 1 1 1 tri 1 1 1 1 1 1 ~ . m 1 1 1 1 1 m U1 i l l m 1 m \ ,J ' H H H H H H N N N N N N s} a a.' sp b b b (a m . Ut . N U) N N N U1 M In U) U) Ui N U) U) Ul N U) N p ' ~ U) 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 1H H1HI H H W H I I H I H Q i O I H C9 0 0 0 0 0 0 0 0 0 0 0 0 U O O 0 0 O U O 0 0 m 0 ED U) m co 0 0 o o a a° e r a R n W O O N <M O O O O 01 ttl 'i c U N to O N O O O O 1p e-i O J ~ h N N n 0 0 0 O h h ' N e} N m ~ i H H 1 ~ I I I Ot I r I U~ O N N~ O O h 0 b lD O r,' N ~-i 01 QI Itl O ~-i V~ dl 'a7 ~ 01 lD tt1 N M M ~O n O H W H o o M o ~o co ?I O N l0 w N N N n ~-I co H .i m m N O M O m m N m ' N 1 r v 00 m '-i ~ VI io M .-1 Q M O O ul H r m H H InHN m o to U>+ O H w m v w 'o m n ~ H M N VI nerooorooooo a M N O 10 ~ rl O b N ri Ol pl . VI FG 'y~ t[1 ~-i N 1(1 O m N r O m O O m M N m N n h m M ifl m W M 111 H r1 O M ei 0 N N 0 T N lI N O O1 N O N O N h 0 0 0 0 r m' W 01 m r w In N 01 n N m M' .i w W V N in E a O N 0 o u1 0 0 0 o VI n P4 m N nm M 10 N VI tD V~ N to f N h m m W m ] m m 10 u 0 O H N to sy O in h r N N M h -0 M O OD H O 111 m 1 m M O N 'y M A M l0 h i N 01 ~y r7 r N M .-i rl n ~ H a m N H O O O O O O h in ~q -o o o) in Q C7 y m N ri N 1 M M Z H Vi N to £ zi m W H H m H W MOOOOO o a~ f b %DCO Q Q O Ey M h co ei n ~-1 m H 0 01 N H w w U M N w H P a ei " O N o 0 o o 0 0 01 a o O M O N f1 W W 44 OZ N 111 N O N W }'I N N H i ' t9 ri D O M O O O O O O OD H Ni C m io o h 7 .C ri ~n ri r w , m .-1 N d~ 0 0 0 0 0 0 01' 1D 01 N ~ N' f7 M b ei N O1 O N M 114 O tD <N m 01i m W U W zN OfU/10 vUi 1H-1> Pai £ W£ 01 twit w U' E. D m~au°uzzzz~w In f2~7aa~a~°u~°u7°uuW w E. h W W P4 a G>; 0 0 0 0 rn W O 0 M 01 N M N M O O U 0 0 0 0 0 0 0 0 0 0 H o .-1 H r-1 ~M In N O O I I I I 1 1 1 1 1 1 a 10 to lO to 10 l0 1D l0 ~-I M m ma,mmmmmmm m O N In N In N N N In N V1 E ~1 I t l l l l l l l (~j N N N N N N N N In N a n n n h n r n n n n I i l i l l l l l l ei W o 0 0 0 0 0 0 0 0 o C9 ~.r Oi RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 4/30/09 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 * April 2009 PASNY July 08 thru Feb 09 (87,740.75) (1,036,063.16) (1,123,803.91) } RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2009 ACTUAL 09 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 10 BUD TOTAL 08 08 08 08 08 08 09 09 09 09 TOTAL C_T, ER AT MANAGER GENERAL MANAGER 2 5 1 2 5 1 2 1 5 2 1 5 2 1.5 2 1.5 2 1.5 2 1.5 2 1.5 2 1.5 2 1.5 2 1.5 HUMAN RESOURCES . 5 1 . 1.5 . 1.5 . 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 COMMUNITY RELATIONS . 5 5 5 5 5 5 5 5 5 5 5 5 TOTAL BUS=2s 2 J 2 2 2 2 2 2 2 2 2 2 2 ACCOUNTING 9 9 9 9 9 9 9 9 9 9 9 CUSTOMER SERVICE 10 6 6 6 6 6 6 MGMT INFORMATION SYS 7 6 6 6 6 6 1 1 1 1 MISCELLANEOUS 1 1 18 1 18 1 18 1 18 1 18 1 18 1 18 18 18 18 18 TOTAL 20 LUG-IN T'F ON 3 3 3 3 3 3 3 3 3 3 3 2 AGM E&O 3 3 3 3 3 3 3 3 3 3 5 ENGINEERING 4 22 20 19 19 19 19 18 18 18 18 18 21 LIME 7 7 7 7 7 7 7 7 7 7 7 7 METER 11 10 10 10 10 10 10 10 10 10 10 9 STATION 47 43 42 42 42 42 41 41 41 41 41 44 TOTAL -RO,IE-, T 2 2 2 2 2 2 2 2 2 2 2 BUILDING 2 2 2 2 2 2 2 GENERAL BENEFITS 2 2 2 2 2 2 0 0 TRANSPORTATION 0 0 0 D 0 0 0 0 0 0 4 4 MATERIALS MGMT a 4 4 4 4 4 4 4 4 4 8 8 8 8 8 8 8 8 8 8 8 8 TOTAL F ml Y a~ F~ 6 5 5 5 5 5 5 5 5 5 6 6 ENERGY SERVICES 5 5 5 5 6 6 6 5 5 5 5 5 TOTAL 86 79 78 78 78 78 77 77 77 77 76 81 RMLD TOTAL amm z;^mOP 4 2 2 2 2 2 2 2 2 2 2 2 2 UG LINE 1 1 1 1 1 1 0 0 0 0 0 CUST SERV TEMP 0 3 2 2 2 2 2 2 3 3 3 3 3 TOTAL 88 82 81 81 61 61 80 79 79 79 80 83 GRAND TOTAL ATTACHMENT2 To: Vincent Cameron From: Energy Services Date: May 21, 2009 Subject: Purchase Power Summary - April, 2009 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of April, 2009. ENERGY The RMLD's total metered load for the month was 52,940,186 kWhs, which was a decrease of 4.04 % compared to April, 2008 figures. The RMLD purchased 52,979,532 kWhs. Table 1 is a breakdown by source of the energy purchases. TABLE 1 Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone #3 3,601,406 $4.56 6.80% $16,415 0.90% Seabrook 5,693,189 $6.77 10.75% $38,539 2.11% Stonybrook 39,601 $316.00 0.07% $12,514 0.69% Constellation 21,600,000 $73.60 40.77% $1,589,652 87.08% PASNY 2,777,661 $4.92 5.24% $13,666 0.75% ISO Interchange 7,065,037 $35.92 1134% $254,482 13.94% NEMA Congestion 0 $0.00 0.00% -$10,385 -0.57% Coop Resales 39,438 $125.98 0.07% $4,968 0.27% Pasny Credit 0 $0.00 0.00% -$1,036,063 -56.75% Stonybrook Peaking 0 $0.00 0.00% $31 0.00% Integrys 12,163,200 $77.43 22.96% $941,753 51.59% Monthly Total 52,979,532 $34.46 100.00% $1,825,571 100.00% it Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 13,978,838 36.09 26.39% Settlement RT Net Energy -7,065,037 34.44 -13.34% Settlement ISO Interchange 6,913,801 37.78 13.05% (subtotal) Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of April, 2009. CAPACITY The RMLD hit a demand of 110,720 kWs, which occurred on April 28, 2009 at 5 pm. The RMLD's monthly UCAP requirement for April 2009 was 239,663 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 62.19 $310,888 17.82% Seabrook 7,910 54.97 $434,844 24.92% Stonybrook Peaking 33,664 4.23 $142,557 8.17% Stonybrook CC 51,163 6.44 $329,522 18.89% Pasny 6,218 1.91 $11,896 0.68% HQICC 5,631 4.47 $25,187 1.44% ISO-NE Supply Auction 130,078 3.77 $489,902 28.08% Total 239,663 $7.28 $1,744,795 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $16,415 $310,888 $327,303 9.17% Seabrook $38,539 $434,844 $473,383 13.26% Stonybrook $12,514 $329,522 $342,035 9.58% HQ II $0 $25,187 $25,187 0.71% Constellation $1,589,652 $0 $1,589,652 44.52% PASNY $13,666 $11,896 $25,562 0.72% ISO Interchange $254,482 $489,902 $744,383 20.85% Pasny Credit -$1,036,063 $0 -$1,036,063 -29.02% Nema Congestion -$10,385 $0 -$10,385 -0.29% Coop Resales $4,968 $0 $4,968 0.14% Stonybrook Peaking $31 $142,557 $142,587 3.99% Integrys $941,753 $0 $941,753 26.38% Monthly Total $1,825,571 $1,744,795 $3,570,366 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. TRANSMISSION The RMLD's total transmission costs for the month of April, 2009 are $515,705. This is an increase from the March, 2009 cost of $490,823. In 2008, the transmission costs for the month of April, were $432,671. Table 5 , Current Month Last Month . Last Year Peak Demand (kW) 110,720 104,469 96,305 'Energy (kWh) _ 52,979,532 57,724,632 55,195,063 Energy 81,825,571: $3,239,283 $3,964,224!. Capacity $1,744,795 $2,005,945 $1,365,911 , . Transmission $515,705 . $490,823: $432,671 Total $4,086,071 $5,736,050; $5,762,806'. Table 5 shows the current month vs . last month and last year (April, 2008). READING MUNICIPAL LIGHT DEPARTMENT FY09 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING APRIL 30, 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 131kkV 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 0/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 Total Other Total RMLD Capital Project Expenditures 29 Force Account/Reimbursable Projects Total FY 09 Capital Project Expenditures ATTACHMENT 3 ACTUAL ANNUAL COST BUDGET REMAINING TOWN thru 4/30/09 AMOUNT BALANCE R 170,032 180,547 (10,515) R 8,909 209,629 (200,720) W - 80,937 (80,937) W 268,561 (268,561) R 127,218 (127,218) W 121,170 (121,170) All 38,361 (38,361) W 78,861 (78,861) R 40,039 125,763 (85,724) R 185,571 100,245 85,327 R 172 2,098,100 (2,097,928) R 100,489 359,800 (259,311) R 82,559 665,939 (583,380) R - 281,764 (281,764) R 2,754,900 2,754,900 All 16,797 86,871 (70,074) All 134,169 189,626 (55,457) All 1,504,106 1,511,171 (7,064) 4,997,745 9,279,463 (4,281,719) 127,679 148,252 (20,573) 32,050 485,811 (453,761) 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 4,458 711,522 1,734,823 (1,023,301) 5,709,267 11,014,287 (5,305,020) All 118,132 60,581 57,552 5,627,399 11,074,867 (5,247,468) Reading Municipal Light Department Engineering and Operations Monthly Report APRIL, 2009 FY 2009 Capital Plan 4 kV Retirement - Stepdown Areas 1. Reading - Walnut Street area conversion to 13.8 including replacing old transformers; Installed new primary and converted Red Gate Lane. Installed new primary, new transformers and continued with transfers on Cumberland, Victoria, Melbourne, and Kensington. Converted Melbourne and Cumberland. Framed and installed new primary on Sunnyside Avenue. System Projects 2. Station #4 Getaway 4W30 Replacement - Reading - No activity this month. 3. Forest Street - Wilmington - No activity to-date. 4. Salem Street Area - Wilmington - No activity to-date. 5. High Capacity Tie 4W18/3W8 Franklin Street -Reading -No activity to-date. 6. Fordham Road -Wilmington -No activity to-date. 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 - No activity to-date. 9. Reading Center - Main Street - U/G labor (installed cable/splices) and police details continued. 10. Reading Center - Haven Street - Installed cable and transformer, built riser, and energized new transformer on Linden Street. Substation Upgrade Projects 11. Transformer Replacement - Station 4 Part 1 - Contractual Labor - No activity in April. Part 2 - Procured Equipment - Variety of relays and test switches. 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. 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 $105,630 Maintenance Overhead/Underground $561,598 Projects Assigned as Required $497,484 Pole Damage (includes knockdowns) some reimbursable $ 51,268 Station Group $ 70,695 Hazmat/Oil Spills $ 15,331 Porcelain Cutout Replacement Program $ 48,198* Lighting Street Light Connections) $ 15,459 Storm Trouble $ 36,989 Underground Subdivisions $ 40,428 Miscellaneous Capital Costs $ 61,026 TOTAL $1,504,106 *In the month of April, 43 cutouts were, charged under this program. Approximately 28 cutouts were installed new or replaced because of damage making a total of 71 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 - Ran cables into new traffic control box near CVS. Route 129 (Lowell Street) Project - Continued with pole transfers. 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 - 49.98 minutes 2 Industry Average - 65.91 minutes per outage (APPA 2005 Reliability Survey) On average, RMLD customers that experience an outage are restored in 49.98 minutes. 120.00 4) 100.00 80.00 m 60.00 O d 40.00 E 0 20.00 c~ 0.00 • Monthly minutes per outage - - System average outage duration 49.98 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 - .99 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 rn 3.00- C d 2.50 v c 2.00 0 v 1.50 C 1.00 rr U.UV d ti 0.50 0.00 --+-RMLD monthly outage frequency RMLD system average outage frequency .99 Industry average outage frequency 1.6 (APPA 2005 Survey) 0.86 0:82 0.54 10 OA '0.08 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 12.12 months. 3 J 7O N ca - - - - m co Se" - - - ~ ~ 9 o O L t6 _ f i ~ c o L O d" M N ~ O (9O ^au oll l1w Ul si ello® p~ V .O L d L Q I - CD E L N C F m O ?10 a) c0 ❑ C O a> CL E O u d d Cl. E O 0 0 d w w w a~ c Y d CD (A c O -O ca U O C O N U L 0-0 O C O . ( ❑ p m O O t5 Y J J = 5~O LL 4L E C f6 O O C f6 z- > > E C E S O µ0 co o O n E -0 C C= cn Co U m C O 0 . ~ L O OC: U N Q N U U _U "O 0 -2 2 E S a E E" UU 0 0<< L , ) ) rn rn m m m o o o m O O O O O T O ~ O t>'lf' N ~ tC6 ~ ~ N ~Z O~ 0) 0 0 0 O O N r r- r COO OoOOOO m 0990000 C i L O N C U ALL❑~~~0~ C N N Ch U N _ t6 CL m O O a E a~ O L ~ L L co C U ` E O E O O E a ) C O C~ L ~ C C J , c am 0 t- t w ° ~ 0 0 0 0 0 ~ . 07 W U U U U U U W U L O a . C C C C C C u