HomeMy WebLinkAbout2009-04-28 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners
Regular Session
230 Ash Street
Reading, MA 01867
April 28, 2009
3
Mart Time of Regular Session: 7:35 p.m.
End Time of Regular Session: 9:42 p.m.
Attendees:
Commissioners:
Mary Ellen O'Neill, Chairman
Philip Pacino, Secretary
Ellen Kearns
Staff:
Richard Hahn, Vice Chair
Robert Soli
i~LICE.IV ED
TD?"!N CLERK
FDI14u, ;MASS.
700q JUN 2 5 P 12: 52 t
Vinnie Cameron, General Manager Beth Ellen Antonio, -Human Resources Manager
Jared Carpenter, Energy Efficiency Engineer Jeanne Foti, Executive Assistant
Robert Fournier, AccoantingBusiness Manager Jane Parenteau, Energy Services Manager
Kevin Sullivan, Engineering and Operations Manager
Selectmen, and Customer Comments
None.
Chairman Report
Mr. Hahn introduced and welcomed Jared Carpenter, who recently was hired into the Energy Efficiency Engineer position at the
RMLD.
Mr. Carpenter stated that he started on April 1, 2009. He is a graduate of Northeastern University with a Bachelor's Degree in
Mechanical Engineering. He has been involved in all aspects of HVAC, buildings and how they work, however in the past three years
has worked in energy and conservation. He looks forward to working on RMLD's energy efficiency measures and new issues in that
arena.
Mr. Cameron pointed out that the Energy Efficiency Engineer position requires an individual with a unique set of skills that are found in
Mr. Carpenter's resume, qualities and experience.
Mr. Hahn reported that Ms. ONeill and he have been reelected and sworn in to serve another 3-year term as RMLD Board
Commissioners.
Reports from RMLD Board Committees - Power Contracts, Rate Setting, Green Power Committee Meeting
Mr. Hahn reported that the Power Contracts, Rate Setting, Green Power Committee met and reviewed the information Mr. Soli had
submitted on the PASNY issue. Mr. Soli had brought the PASNY issue up at the March 25 RMLD Board meeting as well as
information submitted on April 19.
Mr. Hahn summarized that at the meeting, the Committee did not see anything in the information submitted by Mr. Soli that caused
them to change their view, as Melanson Heath had expressed in its previous report, that the methodology being used by RMLD for
calculating the PASNY is reasonable and appropriate.
Mr. Hahn read the following statement of action taken at the April 21, 2009 Power Contracts, Rate Setting and Green Power Committee
meeting: "Mr. Hahn made a motion seconded by Ms. ONeill that the Power Contracts, Rate Setting, Green Power Committee
recommend to the RMLD Board that, based on 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 with
FERC Order", there be no further action taken by the RMLD Board concerning this matter raised by Mr. Soli." Mr. Hahn reported that
the motion at the April 21, 2009 meeting carried 2:0:0.
Ir. Soli then had further comments on the Fuel Charge calculations.
After Mr. Soli completed his comments, Mr. Hahn observed that this is not a productive use of the Board's time.
Regular Session Meeting Minutes 2
April 28, 2009
Reports fromRMLD Board Committees - Power Contracts, Rate Setting, Green Power Committee Meeting
Mr. Hahn pointed out that the majority of the Board is convinced that the RMLD is not in violation of the order from the Federal Ene
1, ulstory Commission. Mr. Hahn commented that he thought that any additional discussions on the PASNY occur at the committc~
level:. Mr. Hahn will ensure that all Board members receive a copy of his memo.
Approval of Minutes for Board Meeting March 25, 2009
Ms. Kearns requested that the power point presentation made by the ACCCP be attached to the minutes.
The consensus of the Board is that if there is a presentation then the presentation can be included as an attachment to the minutes.
Ms. O'Neill made a motion seconded by Ms. Kearns that the minutes of March 25, 2009 be approved as presented.
Motion carried 4:0:0.
Mr. Pacino entered the meeting at this point.
General Manager's Report
Mr. Cameron reported that there is a letter from Citizens' Advisory Board Chair Carakatsane, concerning the fiscal year 2010 Capital
and Operating Budgets. The letter contains two motions in which the CAB has recommended the Capital and Operating Budgets for the
RMLD Board to approve.
Mr. Hahn stated that he attended both CAB meetings and there was fairly good discussion on both the fiscal year 2010 operating and
capital budgets. Mr. Hahn said that he appreciates the time the CAB and staff put into the budgets.
Ms. Kearns asked the General Manager if the Town of Reading had sent Mr. Cameron an estimate for funding energy efficiency
programs.
Mr. Cameron commented that the Town of Reading School Department has the responsibility for the maintenance of the building'/"
Reading and they have contracted with an energy services company to perform energy audits on buildings to save on electricity, wa,
and natural gas.
Ms. O`Neill stated that at Town Meeting there were people present from NORESCO, whom the town has contracted with to perform
energy conservation measures. The Town of Reading paid $100,000 for the audit and the Town of Reading is asking for $5 million that
will be dedicated to developing energy efficiency measures of the project. The anticipated completion timeframe is 18 months. The
energy conservation measures are estimated to have a payback of 15 years.
Mr. Cameron said that he recently spoke with Mark Sylvia, Division Director of the Green Communities for DOER. Mr. Cameron said
that there are many questions that need to be resolved concerning the Green Community Act.
Reorganization of RMLD Board
Chair
Ms. Kearns made a motion to nominate Ms. O'Neill to serve as Chair this was seconded by Mr. Hahn.
Mr. Pacino made a motion to nominate Mr. Hahn to serve as Chair this was seconded by Mr. Soli.
Mr. Soli made a motion seconded by Mr. Pacino that the nominations be closed.
Motion carried 5:0:0.
Mr. Hahn polled the Board for Ms. ONeill as Chairman.
Motion carried 5:0:0.
Vice Chair
Mr. Pacino made a motion to nominate Mr. Hahn to serve as Vice Chair this was seconded by Ms. Kearns.
Mr. Soli made a motion seconded by Mr. Pacino that the nominations be closed.
Motion carried 5:0:0.
Regular Session Meeting Minutes
April 28, 2009
:organization of RMLD Board
ice Chair
-hairman O'Neill polled the Board for Mr. Hahn as Vice Chair.
Motion carried 5:0:0.
Secretary
Mr. Hahn made a motion to nominate Mr. Pacino to serve as Secretary this was seconded by Ms. Kearns.
Mr. Soli made a motion seconded by Mr. Hahn that the nominations be closed.
Motion carried 5:0:0.
Chairman O`Neill polled the Board for Mr. Pacino as Secretary.
Motion carried 5:0:0.
Mr. Pacino stated that he wants the minutes to be no more than five pages and any changes by Board members can be submitted as an
addendum. There will be attachments.
Chairman O`Neill thanked Mr. Hahn for his role as Chairman and Mr. Soli as Secretary.
Appointment to RMLD Committees
Chairman O`Neill made a motion seconded by Mr. Hahn that the Board approve the following committees and assignments.
Motion carried 5:0:0.
Operating and Capital Budget/Pension/Legal Services
Ellen Kearns, Chair, Richard Hahn, Philip Pacino
General Manager
Richard Hahn, Ellen Kearns, Mary Ellen O'Neill
ewer Contracts, Rate Setting, Green Power
`ichard Hahn, Chair, Mary Ellen O Neill, Robert Soli
s
Audit (Including Town of Reading Audit)
Philip Pacino, Robert Soli
Assignments
Accounts Payable
Ellen Kearns
Richard Hahn
Philip Pacino
Robert Soli (First Backup)
Mary Ellen ONeill (Second Backup)
Policy
Mary Ellen O'Neill, Philip Pacino, Robert Soli
Joint Committee-Payment to the Town of Reading
Philip Pacino, Robert Soli, Two Citizens' Advisory Board Members
One Reading Selectmen
Assignments
Payroll - Four Month Rotation
Philip Pacino, April-July
Robert Soli, August-November
Richard Hahn December-March
Ellen Kearns (First Backup)
Financial Report March 2009
Mr. Fournier said that he apologized for the late arrival of the Financial Report. This report is for the first nine months of the fiscal year
2009. All the numbers are up to date and not estimated. The results are positive and there are no major incidents or out of the ordinary
expenditures.
Mr. Fournier's report is attached to these minutes.
Power Supply Report for the month of March 2009
Ms. Parenteau reported on the Power Supply.
Ms. Parenteau's report is attached to these minutes.
Vngineering and Operations Update for the month of March 2009
Ar. Sullivan presented the Engineering and Operations update for March 2009.
E
Mr. Sullivan's report is attached to these minutes.
Regular Session Meeting Minutes
April 28, 2009
Gaw Update f
Mr. Sullivan said that the RMLD received a favorable ruling in the bid protest on the Gaw project from the Attorney General's of ce.,
Mr. Sullivan provided an updated timeline on the Gaw project.
Ms. O'Neill asked if the RMLD is behind on the project due to the bid protest.
Mr. Sullivan replied that on Thursday morning when he meets with the successful bidder he hopes to garner this information on the
timeline.
Ms. Kearns asked if as a result of the appeal to the Attorney General is there anything the Board could or should have done?
Mr. Sullivan replied that the RMLD did everything proper.
SCHEDULE FOR UPCOMING BOARD MEETINGS
Wednesday, May 27 - RMLD Board Meeting
Board Rotation at Citizens' Advisory Board Meetings
Will wait to see when the meeting is posted and work out the rotation based on that.
At 9:00 p.m. Mr. Pacino made a motion seconded by Ms. Kearns that the Board go into Executive Session to discuss power supply
issues based on Chapter 164 Section 47D exemption from public records and open meeting requirements to discuss MMWEC issues
and, World Energy and return to the Regular Session.
Motion carried by a polling of the Board 5:0:0.
Ms. Kearns, Aye; Mr. Soli, Aye, Mr. Hahn, Aye; Mr. Pacino, Aye; and Chairman O'Neill, Aye.
At 9:40 p.m. the Board reentered Regular Session.
Authorization to procure Power supplies for 2010-2013
Mr. Pacino made a motion seconded by Ms. Kearns that the Reading Municipal Light Department Board of Commissioners (RMLB)
authorizes the Reading Municipal Light Department's (RMLD) General Manager to execute one or more Power Sales Agreements in
accordance with the RMLD's Strategic Power Supply Plan for power supply purchases for a period not to exceed 2010 through 2013
and in amounts not to exceed 20.5 MW in 2010, 20.875 MW in 2011, 21.2 MWs in 2012, and 21.5 MWs in 2013 as presented to the
RMLD Board of Commissioners on April 28, 2009 such action is based on the recommendation of the General Manager.
Motion carried 5:0:0.
Motion to Adjourn
At 9:42 p.m. Mr. Pacino made a motion seconded by Ms. Kearns 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 1
Dt: April 28, 2009
To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti
Fr: Bob Fournier /1 00)6 ,
Sj: March 2009 Report `J% 3~
The results for the first nine months ending March 31, 2009, for the fiscal year
2009 will be summarized in the following paragraphs. Overall, the year to date results
are positive. Unlike last month, purchased power costs reflect actual figures. 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 nine months was
$3,556,338. The forecasted net income for this period was $3,085,318, resulting
in net income being over budget by $471,020, or 15.27%. The difference
between the actual fuel expense and the actual fuel revenue is $1,982,435, with
revenues exceeding expenses.
2) Revenues: (Page 11B)
Base revenues were over budget by $722,798 or 2.5%. Actual base revenues
were at $29.9 million compared to the budgeted amount of $29.2 million. All
sectors were over budget except for public street lighting.
3) Expenses: (Page 12A)
*Purchased power base expense was $1,336,475 or 7.4% over budget due to
increases in transmission and capacity costs. Actual purchased power base costs
were $19.3 million compared to the budgeted amount of $17.9 million.
*Operating and Maintenance (O&M) expenses combined were over budget by
$10,000 or 0.13%. Actual O&M expenses were $7.66 million compared to the
budgeted amount of $7.65 million. The major expenses that were under budget
are energy audit expense and conservation ($65,000) and maintenance of
transformers ($55,000) whereas employee pensionfbenefits ($55,000) and
engineering expense ($29,000) are over budget.
"Depreciation expense and voluntary payments to the Towns are close to budget.
4) Cash: (Page 9)
*Operating Fund balance was at $6,496,362.
"Capital Funds balance was at $4,855,461.
*Rate Stabilization Fund balance was at $6,200,422.
"Deferred Fuel Fund balance was at $2,887,766.
TOWN OF READING,
MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF
NET ASSETS
3/31/
09
PREVIOUS YEAR
CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH
RESTRICTED CASH
(SCH A P.9)
13,533,917.79
6,499,361.84
RESTRICTED INVESTMENTS
(SCH A P.9)
(SCH A P
9)
12,147,424.05
14,284,104.20
RECEIVABLES, NET
.
(SCH B P
10)
2,900,000.00
4,400,000.00
PREPAID EXPENSES
.
(SCH B P
10)
6,702,383.82
9,104,020.17
INVENTORY
.
1,421,187.06
1,337,654.92
1,591,356.33
1,432,108.13
TOTAL CURRENT ASSETS
_ 38,296,269.05
37,057,249.26
NONCURRENT
INVESTMENT IN ASSOCIATED CO
(SCH C P.2)
133,576.92
122
391
17
CAPITAL ASSETS, NET
OTHER ASSETS
(SCH C P.2)
60,262,036.85
,
.
64,194,662.10
(SCH C P.2)
20,383.04
16,893.90
TOTAL NONCURRENT ASSETS
60,415,996.81
64,333,947.17
TOTAL ASSETS
98,712,265.86
101,391,196.43
LIABILITIES
CURRENT
ACCOUNTS PAYABLE
CUSTOMER DEPOSITS
6,686,776.74
4,936,407.53
CUSTOMER ADVANCES FOR CONSTRUCTION
494,309.85
501,911.73
ACCRUED LIABILITIES
609,252.36
680,044.28
CURRENT PORTION OF BONDS PAYABLE
29,538.44
861,248.76
550,000.00
550,000.00
TOTAL CURRENT LIABILITIES
8,369,877.39
7, 29,612.30
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
11,387,041.29
10,211,829.88
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT
59,162,036.85
63
644
662
10
RESTRICTED FOR DEPRECIATION FUND
(P.9)
3,616,956.88
,
,
.
4
855
461
61
UNRESTRICTED
24,546,230.84
,
,
.
22,679,242.84
TOTAL NET ASSETS
(P.3)
87,325,224.57
91,179,366.55
TOTAL LIABILITIES AND NET ASSETS
98,712,265.86
101,391,196.43
(1)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
3/31/09
SCHEDULE C
PREVIOUS YEAR
CURRENT YEAR
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC
54,943.13
46,153.24
NEW ENGLAND HYDRO TRANSMISSION
78,633.79
76,237.93
TOTAL INVESTMENTS IN ASSOCIATED
COMPANIES 133,576.92
122,391.17
SCHEDULE OF CAPITAL ASSETS
LAND
1,265,842.23
1,265,842.23
STRUCTURES AND IMPROVEMENTS
7,624,078.86
7,288,907.18
EQUIPMENT AND FURNISHINGS
8,831,641.10
11,838,622.92
INFRASTRUCTURE
42,540,474.66
43,801,289.77
TOTAL UTILITY PLANT
60,262,036.85
64,194,662.10
SCHEDULE OF OTHER ASSETS
PURCHASED POWER WORKING CAPITAL
14,523.70
14,523.70
UNAMORTIZED DEBT EXPENSE
5,859.34
2,370.20
TOTAL OTHER ASSETS
20,383.04
16,893.90
TOTAL NONCURRENT ASSETS
60,415,996.81
64,333,947.17
i
(2)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL, LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
3/31/09
OPERATING REVENUES: (SCH D P.11)
BASE REVENUE
FUEL REVENUE
PURCHASED POWER CAPACITY
FORFEITED DISCOUNTS
ENERGY CONSERVATION REVENUE
PASNY CREDIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
?OPERATING REVENUES (EXPENSES)
'CONTRIBUTIONS IN AID OF CONST
/RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
MONTE MONTH LAST YEAR CURRENT YEAR YTD %
LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
2,817,152.83
2,964,220.81
28,999,098.28
29,894,987.10
3.09%
3,911,023.50
3,249,634.70
30,790,173.31
44,521,648.18
44.60%
494,769.44
379,936.98
1,930,222.28
1,866,281.61
-3.31%
70,839.38
78,663.77
669,866.03
661,037.75
-1.32%
0.00
40,922.32
0.00
271,064.76
100.00%
0.00
(135,855.60)
0.00
(135,855.60)
100.009,
7,293,785.15 6,577,522.98 62,389,359.90 77,079,163.80 23.55%
1,820,254.55
2,500,400.80
16,555,363.89
19,297,406.01
16.56%
4,370,097.15
3,239,282.57
32,862,236.03
42,403,357.33
29.03%
708,077.48
751,302.10
5,974,966.36
5,954,873.29
-0.34%
219,655.57
171,858.19
1,811,006.68
1,706,213.52
-5.79%
250,525.00
261,200.00
2,254,725.00
2,350,800.00
4.26%
96,400.00
100,750.00
854,061.00
883 481.00
3.44%
7,465,009.75 7,024,793.66 60,312,358.96 72,596,131.15 20.37%
(171,224.60) (447,270.68) 2,077,000.94 4,483,032.65 115.84%
38,583.22
3,855.64
154,286.91
243,159.15
57.60%
(172,777.67)
(176,060.33)
(1,554,999.01)
(1,584,543.99)
1.90%
28,045.74
20,464.87
448,206.38
298,140.66
-33.48%
(6,790.34)
(3,850.20)
(61,747.07)
(35,316.64)
-42.80%
(38,932.05)
44,658.91
272,712.61
151,866.03
-44.31%
(151,871.10)
10,93
(1 1.11)
(741,540.18)
(926,694.79)
24.9791.
CHANGE IN NET ASSETS (323,095.70) (558,201.79) 1,335,460.76 3,556,337.86 166.30%
MET ASSETS AT BEGINNING OF YEAR 85,989,763.81 87,623,028.69 1.90%
NET ASSETS AT END OF MARCH 87, 325, 224. 57 91,179,366.55 4.41%
/i
(3)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
3/31/09
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 MARCH
* ( ) = ACTUAL UNDER BUDGET
REPRESENTS SIX MONTHS ACTUAL
AND TWO MONTHS REFORECASTED
REFORECASTED
ACTUAL BUDGET %
YEAR TO DATE YEAR TO DATE** VARIANCE* CHANGE
29,894,987.10
29,172,189.39
722,797.71
2.48%
44,521,648.18
45,893,901.87
(1,372,253.69)
-2.99%
1,866,281.61
1,979,099.37
(112,817.76)
100.00%
661,037.75
635,604.27
25,433.48
4.00%
271,064.76
269,175.00
1,889.76
100.00%
(135,855._60)
0.00
(135,855.60)
100.00%
77,079,163.80 77,949,969.90 (870,806.10) -1.12%
19,297,406.01
17,960,931.00
1,336,475.01
7.44%
42,403,357.33
45,138,199.00
(2,734,841.67)
-6.06%
5,954,873.29
5,920,841.00
34,032.29
0.57%
1,706,213.52
1,730,461.00
(24,247.48)
-1.40%
2,350,800.00
2,340,699.00
10,101.00
0.43%
883,481.00
866,480.00
17,001.00
1.96%
72,596,131.15 73,957,611.00 (1,361,479.85) -1.84%
4,483,032.65 3,992,358.90 490,673.75 12.29%
243,159.15
231,478.04
11,681.11
5.05%
(1,584,543.99)
(1,584,543.00)
(0.99)
0.00%
298,140.66
364,098.61
(65,957.95)
-18.12%
(35,316.64)
(35,330.00)
13.36
-0.04%
151,866.03
117,255.44
34,610.59
29.52%
(926,694.79)
(907,040.91)
(19,653.88)
2.17%
3,556,337.86 3,085,317.99 471,019.87
87,623,028.69 85,989,763.81 1,633,264.88
91,179,366.55 89,075,081.80 2,104,284.75
15.27%
1.90%
2.36%
(3A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
3/31/09
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 63,919.62
DEPRECIATION TRANSFER FY 09 2,350,800.00
FORCED ACCOUNTS REIMBURSEMENT 44,514.90
GAW SUBSTATION 2,912,370.00
GAW SUBSTATION (FY 08) 1,836,600.00
TOTAL SOURCE OF CAPITAL FUNDS 12,258,340.44
USE OF CAPITAL FUNDS:
PAID ADDITIONS TO PLANT THRU MARCH
PAID ADDITIONS TO GAW THRU MARCH
PAID ADDITIONS TO GAW FROM FY 08
GENERAL LEDGER CAPITAL FUNDS BALANCE 3/31/09
2,653,908.83
2,912,370.00
1,836,600.00
4,855,461.61
(4)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF KILOWATT HOURS
3/31/09
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD %
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
18,399,084
18,097,637
194,858,363
193,549,236
-0.67%
COMM. AND INDUSTRIAL SALES
31,746,933
30,075,511
332,524,237
323,505,294
-2.71%
PRIVATE STREET LIGHTING
71,282
71,309
645,462
640,821
-0.72%
TOTAL PRIVATE CONSUMERS
50,217,299
48,244,457
528,028,062
517,695,351
-1.96%
MUNICIPAL SALES:
STREET LIGHTING
241,295
239,323
2,170,808
2,167,243
-0.16%
MUNICIPAL BUILDINGS
2,130,904
815,195
18,939,819
9,363,337
-50.56%
TOTAL MUNICIPAL CONSUMERS
2,372,199
1,054,518
21,110,627
11,530,580
-45.38%
SALES FOR RESALE
275,640
255,454
2,484,733
2,588,388
4.17%
SCHOOL
0
1,249,166
0
8,203,268
100.00%
TOTAL KILOWATT HOURS SOLD
52,865,138
50,803,595
551,623,422
540,017,587
-2.10%
(5)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
3/31/09
TOTAL
READING
LYNNFIELD
NO.READING
WILMINGTON
MONTH
RESIDENTIAL
18,097,637
6,062,764
2,287,755
4,518,657
5,228,461
INDUSTRIAL C
30,890,706
4,097,434
367,004
5,492,066
20,934,202
PUB.ST.LIGHTS
239,323
80,771
32,851
39,688
86,013
PRV.ST.LIGHTS
71,309
13,867
1,360
21,561
34,521
CO-OP RESALE
255,454
255,454
0
0
0
SCHOOL
1,249,166
460,248
240,376
159,160
389,382
TOTAL
50,803,595
10,970,538
2,929,346
10,231,132
26,672,579
YEAR TO DATE
RESIDENTIAL
193,549,236
61,323,982
27,344,553
45,151,068
59,729,633
INDUSTRIAL C
332,868,631
43,367,468
4,447,784
58,107,980
226,945,399
PUB.ST.LIGHTS
2,167,243
741,015
295,719
356,480
774,029
PRV.ST.LIGHTS
640,821
124,419
12,280
195,073
309,049
CO-OP RESALE
2,588,388
2,588,388
0
0
0
SCHOOL
8,203,268
3,094,123
1,581,831
1,019,800
2,507,514
TOTAL
540,017,587
111,239,395
33,682,167
104,830,401
290,265,624
LAST YEAR
TO DATE
RESIDENTIAL
194,858,363
61,972,275
28,136,891
44,622,798
60,126,399
INDUSTRIAL C
351,464,056
45,092,581
6,156,850
62,171,668
238,042,957
PUB.ST.LIGHTS
2,170,808
751,267
295,820
354,565
769,156
PRV.ST.LIGHTS
645,462
126,921
12,420
203,216
302,905
CO-OP RESALE
2,484,733
2,484,733
0
0
0
SCHOOL
0
0
0
0
0
TOTAL
551,623,422
110,427,777
34,601,981
107,352,247
299,241,417
KILOWATT HOURS SOLD TO TOTAL
TOTAL
READING
LYNNFIELD
NO.READING
WILMINGTON
MONTH
RESIDENTIAL
35.62%
11.93%
4.50%
8.89%
10.30%
INDUSTRIAL C
60.81%
8.07%
0.72%
10.81%
41.21%
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
0.50%
0.50%
0.00%
0.00%
0.00%
SCHOOL
2.46%
0.91%
0.47%
0.31%
0.77%
TOTAL
100.00%
21.60%
5.75%
20.13%
52.52%
YEAR TO DATE
RESIDENTIAL
35.84%
11.36%
5.06%
8.36%
11.06%
INDUSTRIAL C
61.64%
8.03%
0.82%
10.76%
42.03%
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
0.48%
0.48%
0.00%
0.00%
0.00%
SCHOOL
1.52%
0.57%
0.29%
0.19%
0.47%
TOTAL
100.00%
20.60%
6.22%
19.42%
53.769.
LAST YEAR
TO DATE
RESIDENTIAL
36.52%
11.23%
5.10%
8.09%
10.91%
INDUSTRIAL C
62.59%
8.17%
1.12%
11.27%
43.15%
PUB.ST.LIGHTS
0.39%
0.14%
0.05%
0.06%
0.14%
PRV.ST.LIGHTS
0.12%
0.02%
0.00%
0.04%
0.06%
CO-OP RESALE
0.45%
0.4591.
0.00%
0.00%
0.00%
SCHOOL
0.00%
0.0091.
0.00%
0.00%
0.00%
TOTAL
100.00%
20.01%
6.27%
19.46%
54.26%
(6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA INCOME
3/31/09
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)
77,215,019.40
67,659.83
8,713.88
(72,596,131.15)
(23,400.00)
(11,916.64)
4,659,945.32
(7)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
GENERAL STATISTICS
3/31/09
SALE OF KWH (P.5)
KWH PURCHASED
AVE BASE COST PER KWH
AVE BASE SALE PER KWH
AVE COST PER KWH
AVE SALE PER KWH
FUEL CHARGE REVENUE (P.3)
LOAD FACTOR
PEAK LOAD
MONTH OF
MAR 2008
52,865,138
59,692,538
0.030494
0.532890
0.103704
0.127271
3,911,023.50
80.54%
101,534
MONTH OF
% CHANGE
YEAR
THRU
MAR 2009
2008
2009
MAR 2008
MAR 2009
50,803,595
1.17%
-2.10%
551,623,422
540,017,587
57,753,142
1.50%
-2.84%
567,783,524
551,654,471
0.043295
14.3196
19.97%
0.029158
0.034981
0.058347
-1.03%
5.31%
0.052570
0.055359
0.099383
31.35%
28.51%
0.087036
0.111847
0.122311
11.79%
27.14%
0.108388
0.137804
3,249,634.70
28.81%
44.60%
30,790,173.31
44,521,648.18
75.73%
104,469
(8)
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TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
3/31/09
SCHEDULE A
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
MARCH 2008
* FED HOME LOAN MTG CORP
FED HOME LOAN MTG CORP
FED HOME LOAN MTG CORP
FED HOME LOAN MTG CORP
MARCH 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
13,530,917.79
3,000.00
CURRENT YEAR
6,496,361.84
3,000.00
13,533,917.79 6,499,361.84
3,616,956.88
805,809.00
461,898.00
483,215.48
5,023,206.40
28,988.15
1,047,788.57
35,251.72
150,000.00
494,309.85
4,855,461.61
830,400.00
435,600.00
2,887,765.95
3,300,422.42
28,988.15
1,258,302.62
35,251.72
150,000.00
501,911.73
12,147,424.05 14,284,104.20
1,400,000.00 2,900,000.00
1,500,000.00 1,500,000.00
2,900,000.00 4,400,000.00
28,581,341.84
25,183,466.04
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 4.005.; 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
3/31/09
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 MARCH 2009:
RESIDENTIAL AND COMMERCIAL
LESS: SALES DISCOUNT LIABILITY
GENERAL LEDGER BALANCE
CURRENT
30 DAYS
60 DAYS
90 DAYS
OVER 90 DAYS
TOTAL
PREVIOUS YEAR
4,160,053.00
171,355.53
80,694.09
1,067.16
(214,828.20)
(210.134.06)
3,988,207.52
2,714,176.30
6,702,383.82
1,105,992.81
121,023.60
194,170.65
1,421,187.06
4,296,327.43
(231,641.15)
4,064,686.28
CURRENT YEAR
4,296,327.43
350,852.38
114,615.05
1,067.16
(231,641.15)
(189,562.45)
4,341,658.42
4,762,361.75
9,104,020.17
917,356.53
89,981.99
330,316.40
1,337,654.92
3,019,162.05
74.29%
448,046.33
11.02%
281,401.39
6.92%
135,143.44
3.32%
180,933.07
4.45%
4,064,686.28
100.00%
(10)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE
3/31/09
SCHEDULE D
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
2,524,029.96
2,407,840.09
23,163,698.47
28,842,008.43
24.51%
COMM AND INDUSTRIAL SALES
3,857,408.76
3,459,388.00
33,893,474.91
42,100,016.44
24.21%
PRIVATE STREET LIGHTING
10,905.91
10,453.65
87,794.92
105,082.88
19.69%
TOTAL PRIVATE CONSUMERS
6,392,344.63
5,877,681.74
57,144,968.30
71,047,107.75
24
33%
.
MUNICIPAL SALES:
STREET LIGHTING
48,619.82
46,626.48
400,419.66
458,908.88
14.61%
MUNICIPAL, BUILDINGS
266,454.12
99,025.23
2,063,148.98
1,434,240.67
-30.48%
TOTAL MUNICIPAL CONSUMERS
315,073.94
145,651.71
2,463,568.64
1,893,149.55
-23
15%
.
SALES FOR RESALE
20,757.76
32,169.25
180,734.65
384,642.13
112.82%
SCHOOL
0.00
158,352.81
0.00
1,091,735.85
100.00%
SUB-TOTAL
6,728,176.33
6,213,855.51
59,789,271.59
74,416,635.28
24.46%
FEITED DISCOUNTS
70,839.38
78,663.77
669,866.03
661,037.75
-1.32%
PURCHASED POWER CAPACITY
494,769.44
379,936.98
1,930,222.28
1,866,281.61
-3.31%
ENERGY CONSERVATION - RESIDENTIAL
0.00
9,061.11
0.00
59,999.06
100.00%
ENERGY CONSERVATION - COMMERCIAL
0.00
31,861.21
0.00
211,065.70
100.00%
PASNY CREDIT
0.00
(135,855.60)
0.00
(135,855.60)
100.00%
TOTAL REVENUE
7,293,785.15
6,577,522.98
62,389,359.90
77,079,163.80
23.55%
(11)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOWN
3/31/09
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL
2,407,840.09
807,456.86
304,392.64
599,441.78
696,548.81
INDUS/MUNI BLDG
3,558,413.23
488,031.42
46,174.52
633,180.90
2,391,026.39
PUB.ST.LIGHTS
46,626.48
16,340.97
5,735.81
7,687.49
16,862.21
PRV.ST.LIGHTS
10,453.65
1,992.86
200.51
3,304.84
4,955.44
CO-OP RESALE
32,169.25
32,169.25
0.00
0.00
0.00
SCHOOL
158,352.81
58,196.72
30,023.04
20,763.92
49,369.13
TOTAL
6,213,855.51
1,404,188.08
386,526.52
1,264,378.93
3,158,761.98
THIS YEAR TO DATE
RESIDENTIAL
28,842,008.43
9,156,754.87
4,067,606.54
6,722,768.91
8,894,878.11
INDUS/MUNI BLDG
43,534,257.11
5,877,363.34
621,684.28
7,615,019.24
29,420,190.25
PUB.ST.LIGHTS
458,908.88
161,886.97
56,749.18
75,167.12
165,105.61
PRV.ST.LIGHTS
105,082.88
20,047.41
2,024.91
33,348.64
49,661.92
CO-OP RESALE
384,642.13
384,642.13
0.00
0.00
0.00
SCHOOL
1,091,735.85
410,711.62
208,298.95
139,710.28
333,015.00
TOTAL
74,416,635.28
16,011,406.34
4,956,363.86
14,586„014.19
38,862,850.89
LAST YEAR TO DATE
RESIDENTIAL
23,163,698.47
7,401,590.49
3,314,977.82
5,304,578.14
7,142,552.02
INDUS/MUNI BLDG
35,956,623.89
4,962,759.56
671,262.37
6,307,439.19
24,015,162.77
PUB.ST.LIGHTS
400,419.66
143,070.58
48,737.50
65,063.65
143,547.93
PRV.ST.LIGHTS
87,794.92
16,700.25
1,731.57
28,986.64
40,376.46
CO-OP RESALE
180,734.65
180,734.65
0.00
0.00
0.00
SCHOOL
0.00
TOTAL
59,789,271.59
12,704,855.53
4,036,709.26
11,706,067.62
31,341,639.18
PERCENTAGE OF OPERATING
INCOME TO TOTAL
TOTAL
READING
LYNNFIELD
NO.READ ING
WILMINGTON
MONTH
RESIDENTIAL
38.75%
12.99%
4.90%
9.65%
11.21%
INDUS/MUNI BLDG
57.2691.
7.85%
0.74%
10.19%
38.48%
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
0.52%
0.52%
0.00%
0.00%
0.00%
SCHOOL
2.55%
0.94%
0.48%
0.33%
0.80%
TOTAL
100.00%
22.59%
6.21%
20.34%
50.86%
THIS YEAR TO DATE
RESIDENTIAL
38.75%
12.30%
5.47%
9.035.
11.95%
INDUS/MUNI BLDG
58.50%
7.909.
0.84%
10.23%
39.53%
PUB. ST. LIGHTS
0.62%
0.22%
0.08%
0.10%
0.22%
PRV.ST.LIGHTS
0.14 %
0.03%
0.00%
0.04%
0.07%
CO-OP RESALE
0.52%
0.52%
0.00%
0.00%
0.00%
SCHOOL
1.47%
0.55%
0.28%
0.19%
0.45%
TOTAL
100.00%
21.52%
6.67%
19.59%
52.22%
LAST YEAR TO DATE
RESIDENTIAL
38.74%
12.38%
5.54%
8.87%
11.95%
INDUS/MUNI BLDG
60.14%
8.30%
1.12%
10.55%
40.17%
PUB.ST.LIGHTS
0.67%
0.2491.
0.08%
0.1151.
0.249,
PRV.ST.LIGHTS
0.14%
0.03%
0.00%
0.05%
.0.06%,
CO-OP RESALE
0.31%
0.3191.
0.00%
0.00%
SCHOOL
0.00%
0.00%
0.00%
0.00%
0.00% s'
TOTAL
100.00%
21.26%
6.74%
19.58%
52.425.
(11A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
3/31/09
SCHEDULE F
SALES OF ELECTRICITY:
RESIDENTIAL
COMM AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING
SALES FOR RESALE
SCHOOL
TOTAL BASE SALES
TOTAL FUEL SALES
TOTAL OPERATING REVENUE
FORFEITED DISCOUNTS
PURCHASED POWER CAPACITY
ENERGY CONSERVATION - RESIDENTIAL
ENERGY CONSERVATION - COMMERCIAL
PASNY CREDIT
TOTAL OPERATING REVENUES
* ( ) = ACTUAL UNDER BUDGET
REPRESENTS SIX MONTHS ACTUAL
AND TWO MONTHS REFORECASTED
REFORECASTED
ACTUAL
BUDGET
YEAR TO DATE
YEAR TO DATE
VARIANCE *
CHANGE
12,913,237.33
12,241,352.10
671,885.23
5.49%
16,077,205.93
16,046,024.78
31,181.15
0.19%
281,592.75
318,639.54
(37,046.79)
-11.63%
158,499.37
114,249.10
44,250.27
38.73%
464,451.72
451,923.87
12,527.85
2.77%
29,894,987.10
29,172,189.39
722,797.71
2.48%
44,521,648.18
45,893,901.87
(1,372,253.69)
-2.99%
74,416,635.28
75,066,091.26
(649,455.98)
-0.87%
661,037.75
635,604.27
25,433.48
4.00%
1,866,281.61
1,979,099.37
(112,817.76)
-5.70%
59,999.06
55,837.00
4,162.06
7.45%
211,065.70
213,338.00
(2,272.30)
-1.07%
(135,855.60)
0.00
(135,855.60)
100.00%
77,079,163.80
77,949,969.90
(870,806.10)
-1.12%
(11B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
3/31/09
SCHEDULE E
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD
OPERATION EXPENSES:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
PURCHASED POWER BASE EXPENSE
1,820,254.55
2,500,400.80
16,555,363.89
19,297,406.01
16.56%
OPERATION SUPER AND ENGIN-TRANS
0.00
0.00
0.00
0.00
0.00%
OPERATION SUP AND ENGINEERING EXP
34,443.83
35,242.15
232,811.78
288,050:85
23.73%
STATION SUP LABOR AND MISC
11,728.83
5,972.22
75,728.91
60,968.50
-19.49%
LINE MISC LABOR AND EXPENSE
58,091.47
58,728.15
538,994.60
477,299.35
-11.45%
STATION LABOR AND EXPENSE
41,116.54
40,321.18
356,658.43
349,916.12
-1.89%
STREET LIGHTING EXPENSE
3,883.33
7,669.45
46,257.54
51,763.67
11.90%
METER EXPENSE
37,019.65
42,193.01
291,753.96
296,222.25
1.53%
MISC DISTRIBUTION EXPENSE
31,832.18
32,478.46
246,806.55
251,634.26
1.96%
METER READING LABOR & EXPENSE
3,890.96
5,152.65
52,421.65
55,591.24
6.05%
ACCT & COLL LABOR & EXPENSE
141,967.38
125,521.20
1,201,813.11
1,109,967.10
-7.64%
UNCOLLECTIBLE ACCOUNTS
8,333.33
10,400.00
74,999.97
93,600.00
24.80%
ENERGY AUDIT EXPENSE
55,927.80
20,002.93
391,697.41
360,431.00
-7.98%
ADMIN & GEN SALARIES
67,844.45
74,714.68
562,551.54
569,671.57
1.27%
OFFICE SUPPLIES & EXPENSE
25,259.87
38,706.67
177,163.97
209,212.00
18.09%
OUTSIDE SERVICES
23,852.48
24,631.46
270,096.39
165,469.12
-38.74%
PROPERTY INSURANCE
26,282.23
31,019.93
241,923.15
250,753.18
3.65%
INJURIES AND DAMAGES
5,305.11
4,696.17
47,519.61
47,578.81
0.12%
EMPLOYEES PENSIONS & BENEFITS
98,019.15
86,196.86
867,916.28
926,561.85
6.76%
MISC GENERAL EXPENSE
16,463.83
9,496.87
146,023.60
128,896.55
-11.73%
RENT EXPENSE
16,815.06
33,846.06
151,827.91
150,564.87
-0.83%
ENERGY CONSERVATION
0.00
64,312.00
0.00
110,721.00
100.00%
TOTAL OPERATION EXPENSES
708,077.48
751,302.10
5,974,966.36
5,954,873.29
-0.34%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT
227.08
227.08
2,043.74
2,043.74
MAINT OF STRUCT AND EQUIPMT
31,822.41
11,645.10
247,394.59
192,847.26
-22.05%.
MINT OF LINES - OR
127,188.33
77,670.26
989,502.12
841,056.13
-15.00%
MAINT OF LINES - UG
91198.59
7,190.64
80,704.17
103,592.30
28.36%
MAINT OF LINE TRANSFORMERS
8,005.29
0.00
59,435.65
49,052.95
-17.47%
MAINT OF ST LT & SIG SYSTEM
(7.13)
(18.13)
82.30
26.60
-67.68%
MAINT OF GARAGE AND STOCKROOM
38,494.99
65,944.84
363,441.18
450,106.82
23.85%
MAINT OF METERS
0.00
0.00
0.00
0.00
0.00%
MAINT OF GEN PLANT
4,726.01
91198.40
68,402.93
67,487.72
-1.34%
TOTAL MAINTENANCE EXPENSES
219,655.57
171,858.19
1,811,006.68
1,706,213.52
-5.79%
DEPRECIATION EXPENSE
250,525.00
261,200.00
2,254,725.00
2,350,800.00
4.26%
PURCHASED POWER FUEL EXPENSE
4,370,097.15
3,239,282.57
32,862,236.03
42,403,357.33
29.03%
VOLUNTARY PAYMENTS TO TOWNS
96,400.00
100,750.00
854,061.00
883,481.00
3.44%
TOTAL OPERATING EXPENSES
7,465,009.75
7,024,793.66
60,312,358.96
72,596,131.15
20.37%
(12)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
3/31/09
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 TWO MONTHS REFORECASTED
REFORECASTED
ACTUAL
BUDGET
YEAR TO DATE
YEAR TO DATE
VARIANCE *
CHANGE
19,297,406.01
17,960,931.00
1
336
475
01
7
44%
,
,
.
.
0.00
0.00
0.00
0.00%
288,050.85
259,289.00
28,761.85
11.09%
60,968.50
57,406.00
3,562.50
6.21%
477,299.35
458,224.00
19,075.35
4.16%
349,916.12
359,836.00
(91919.88)
-2.76%
51,763.67
48,338.00
3,425.67
7.09%
296,222.25
297,111.00
(888.75)
-0.30%
251,634.26
249,743.00
1,891.26
0.76%
55,591.24
55,417.00
174.24
0.31%
1,109,967.10
1,109,635.00
332.10
0.03%
93,600.00
93,600.00
0.00
0.00%
360,431.00
535,830.00
(175,399.00)
-32.73%
569,671.57
580,056.00
(10,384.43)
-1.79%
209,212.00
190,541.00
18,671.00
9.80%
165,469.12
181,360.00
(15,890.88)
-8.76%
250,753.18
265,066.00
(14,312.82)
-5.40%
47,578.81
45,000.00
2,578.81
5.73%
926,561.85
871,315.00
55,246.85
6.34%
128,896.55
124,101.00
4,795.55
3.86%
150,564.87
138,973.00
11,591.87
8.34%
110,721.00
0.00
110,721.00
100.00%
5,954,873.29
5,920,841.00
34,032.29
0.57%
2,043.74
2,112.00
(68.26)
-3.23%
192,847.26
180,350.00
12,497.26
6.93%
841,056.13
845,845.00
(4,788.87)
-0.57%
103,592.30
97,441.00
6,151.30
6.31%
49,052.95
103,947.00
(54,894.05)
-52.81%
26.60
2,843.00
(2,816.40)
-99.06%
450,106.82
431,570.00
18,536.82
4.30%
0.00
4,648.00
(4,648.00)
-100.00%
67,487.72
61,705.00
5,782.72
9.37%
1,706,213.52
1,730,461.00
(24
247
48)
-1
40%
,
.
.
2,350,800.00
2,340,699.00
10,101.00
0.43%
42,403,357.33
45,138,199.00
(2,734,841.67)
-6.06%
883,481.00
866,480.00
17,001.00
1.96%
72,596,131.15
73,957,611.00
(1,361,479.85)
-1.84%
(12A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
3/31/09
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
19,297,406.01
3,533,579.99
15.48%
OPERATION SUPER AND ENGIN-TRANS
VC
0.00
0.00
0.00
0.00%
OPERATION SUP AND ENGINEERING EXP
VC
267,439.00
288,050.85
(20,611.85)
-7.71%
STATION SUP LABOR AND MISC
VC
44,387.00
60,968.50
(16,581.50)
-37.36%
LINE MISC LABOR AND EXPENSE
VC
579,502.00
477,299.35
102,202.65
17.64%
STATION LABOR AND EXPENSE
VC
531,966.00
349,916.12
182,049.88
34.22%
STREET LIGHTING EXPENSE
VC
73,805.00
51,763.67
22,041.33
29.86%
METER EXPENSE
DA
419,257.00
296,222.25
123,034.75
29.35%
MISC DISTRIBUTION EXPENSE
JD
338,358.00
251,634.26
86,723.74
25.63%
METER READING LABOR & EXPENSE
DA
66,356.00
55,591.24
10,764.76
16.22%
ACCT & COLL LABOR & EXPENSE
RF
1,662,842.00
1,109,967.10
552,874.90
33.25%
UNCOLLECTIBLE ACCOUNTS
RF
125,000.00
93,600.00
31,400.00
25.12%
ENERGY AUDIT EXPENSE
JP
996,638.00
360,431.00
636,207.00
63.84%
ADMIN & GEN SALARIES
VC
816,337.00
569,671.57
246,665.43
30.22%
OFFICE SUPPLIES & EXPENSE
VC
226,000.00
209,212.00
16,788.00
7.43%
OUTSIDE SERVICES
VC
475,400.00
165,469.12
309,930.88
65.19%
PROPERTY INSURANCE
JD
429,500.00
250,753.18
178,746.82
41.62%
INJURIES AND DAMAGES
JD
54,651.00
47,578.81
7,072.19
12.94%
EMPLOYEES PENSIONS & BENEFITS
JD
823,600.00
926,561.85
(102,961.85)
-12.50%
MISC GENERAL EXPENSE
VC
251,053.00
128,896.55
122,156.45
48.66%
RENT EXPENSE
JD
212,000.00
150,564.87
61,435.13
28.98%
ENERGY CONSERVATION
JP
0.00
110,721.00
(110,721.00)
0.00%
TOTAL OPERATION EXPENSES
8,394,091.00
5,954,873.29
2;439,217.71
29.06%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT
VC
3,000.00
2,043.74
956.26
31.88%.
MAINT OF STRUCT AND EQUIPMT
VC
101,354.00
192,847.26
(91,493.26)
-90.27%
MAINT OF LINES - OH
VC
1,243,249.00
841,056.13
402,192.87
32.35%
MAINT OF LINES - UG
VC
105,935.00
103,592.30
2,342.70
2.21%
MAINT OF LINE TRANSFORMERS
VC
216,000.00
49,052.95
166,947.05
77.29%
MAINT OF ST LT & SIG SYSTEM
JD
10,979.00
26.60
10,952.40
99.76%
MAINT OF GARAGE AND STOCKROOM
JD
631,720.00
450,106.82
181,613.18
28.75%
MAINT OF METERS
DA
18,558.00
0.00
18,558.00
100.00%
MAINT OF GEN PLANT
RF
135,000.00
67,487.72
67,512.28
50.01%
TOTAL MAINTENANCE EXPENSES
2,465,795.00
1,706,213.52
759,581.48
30.80%
DEPRECIATION EXPENSE
RF
3,175,200.00
2,350,800.00
824,400.00
25.96%
PURCHASED POWER FUEL EXPENSE
JP
54,551,431.00
42,403,357.33
12,148,073.67
22.27%
VOLUNTARY PAYMENTS TO TOWNS
RF
1,209,000.00
883,481.00
325,519.00
26.92%
TOTAL OPERATING EXPENSES
92,626,503.00
72,596,131.15
20,030,371.85
21.62%
(12s)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
f
3/31/09
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
33,087.25
32,295.00
792.25
5
PROFESSIONAL SERVICES
ENERGY SERVICE
14,183.46
23,750.00
(9,566.54)
6
PROFESSIONAL SERVICES
E & 0
3,474.95
1,225.00
2,249.95
7
NERC COMPLIANCE STATION 5
ENGINEERING
0.00
2,500.00
(2,500.00)
8
LEGAL SERVICES- GENERAL
GM
21,372.20
27,904.00
(6,531.80)
9
LEGAL SERVICES- ARBITRATION
HR
17,166.04
27,797.00
(10,630.96)
10
LEGAL GENERAL
HR
7,884.30
3,460.00
4,424.30
11
LEGAL GENERAL
BLDG. MAINT.
3,286.50
11,151.00
(7,864.50)
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
2,499.00
297.16
16
PROPERTY APPRAISAL
GEN. BENEFIT
0.00
0.00
0.00
17
COST OF SERVICE STUDY
GM
6,749.56
6,750.00
(0.44)
18
MNWEC BILLING
GM
1,111.00
1,111.00
0.00
19
COGSDALE SYSTEM DIAGNOSTIC EVALUATION
ACCOUNTING
7,550.00
1,300.00
6,250.00
20
PASNY PROJECT
BOARD
6,190.00
0.00
6,190.00
TOTAL
165,469.12
181,360.00
(15,890.88)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
RUBIN AND RUDMAN
49,147.09
DUNCAN AND ALLEN
10,495.22
CHOATE HALL AND STEWART
22,706.14
DENACO PARKER- ARBITRATOR
1,144.20
PLM ELECTRIC
1,993.70
STONE CONSULTING
4,100.00
MELANSON, HEATH AND COMPANY LC
38,662.00
RAY COUTURE ATTORNEY
3,286.50
VIRCHOW KRAUSE AND COMPANY
6,119.56
AMERICAN ARBITRATION ASSOCIATION
350.00
PARAGON SOFTWARE SOLUTIONS INC.
7,550.00
MARK DEAN, PLLC
14,183.46
MARK IRVINGS
850.00
RDK ENGINEERS
1,000.00
ROBERT BARTLEY SHOR- ATTORNEY
2,400.00
UTILITY SERVICES LLC
1,481.25
TOTAL
165,469.12
(13)
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RMLD
DEFERRED FUEL CASH RESERVE ANALYSIS
3/31/09
DATE
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
GROSS
CHARGES
7,781,944.12
5,684,278.64
4,735,865.70
4,419,355.11
4,095,041.96
4,556,551.42
4,291,375.17
3,599,640.06
3,239,2,82..57
REVENUES
6,213,986.16
6,496,702.10
6,105,632.95
4,852,009.38
4,707,960.37
4,283,950.91
4,566,487.28
4,045,284.33
3,249,634.70
PASNY
CREDIT
(135,855.60)
MONTHLY
DEFERRED
(1,567,957.96)
812,423.46
1,369,767.25
432,654.27
612,918.41
(272,600.51)
275,112.11
445,644.27
(125,503.47)
TOTAL
DEFERRED
905,308.12
(662,649.84)
149,773.62
1,519,540.87
1,952,195.14
2,565,113.55
2,292,513.04
2,567,625.15
3,013,269.42
2,887,765.95
RMLD
STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2009
ACTUAL
09 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR
TOTAL 08 08 08 08 08 08 09 09 09
MENERAT. MANAGER
GENERAL MANAGER
HUMAN RESOURCES
COMMUNITY RELATIONS
TOTAL
BUSINESS
ACCOUNTING
CUSTOMER SERVICE
MGMT INFORMATION SYS
MISCELLANEOUS
TOTAL
F.N(~TNF.F.RTNC & ARF.RATTAN.S'
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
2
2
2
2
2
2
2
2
2
2
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
5
5
5
5
5
5
5
5
5
5
2
2
2
2
2
2
2
2
2
2
10
9
9
9
9
9
9
9
9
9
7
6
6
6
6
6
6
6
6
6
1
1
1
1
1
1
1
1
1
1
20
18
18
18
18
18
18
18
18
18
3
3
3
3
3
3
3
3
3
3
4
3
3
3
3
3
3
3
3
3
22
20
19
19
19
19
18
18
18
18:
7
7
7
7
7
7
7
7
7
7'
11
10
10
10
10
10
10
10
10
16.
47
43
42
42
42
42
41
41
41
41
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
4
4
4
4
4
4
4
4
4
4
8
8
8
8
8
8
8
8
8
8
6
5
5
5
5
5
5
5
5
5
6
5
5
5
5
5
5
5
5
5
86
79
78
78
78
78
77
77
77
77
2
2
2
2
2
2
2
2
2
2
0
1
1
1
1
1
1
0
0
0
2
3
3
3
3
3
3
2
2
2
88 82 81 81 81 81 80 79 79 79
ATTACHMENT 2
To: Vincent Cameron
From: Energy Services
Date: April 21, 2009
Subject: Purchase Power Summary - March, 2009
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of March, 2009.
ENERGY
The RMLD's total meter load for the month was 57,688,793 kWhs, which was a decrease
of -3.32 % less than March, 2008 figures. The RMLD purchased 57,724,632 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
3,694,661
$4.45
6.40%
$16,432
0.51%
* Seabrook
5,877,473
$6.77
10.18%
$39,787
1.23%
• Stonybrook
545,929
$150.16
0.95%
$81,974
2.53%
Constellation
22,290,000
$74.78
38.61%
$1,666,846
51.46%
PASNY
3,158,204
$4.92
5.47%
$15,538
0.48%
ISO Interchange
9,678,709
$43.52
16.77%
$421,189
13.00%
NEMA Congestion
0
$0.00
0.00%
-$9,990
-0.31%
Coop Resales
41,152
$134.72
0.07%
$5,544
0.17%
Stonybrook Peaking
45,304
$161.95
0.08%
$7,337
0.23%
Integrys
12,393,200
$80.26
21.47%
$994,625
30.71%
Monthly Total
57,724,632
$56.12
100.00%
$3,239,283
100.00%
*Includes prior month true-up.
Table 2
Amount
Cost
% of Total
Resource
of Energy
of Energy
Energy
(kWh)
($/Mwh)
ISO DA LMP
13,897,122
44.24
24.07%
Settlement
RT Net Energy
-4,218,413
41.31
-7.31%
Settlement
ISO Interchange
9,678,709
44.96
16.77%
(subtotal)
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the
RT Net Energy for month of March, 2009.
CAPACITY
The RMLD hit a demand of 104,469 kWs, which occurred on March 2, 2009 at 7 pm.
The RMLD's monthly UCAP requirement for March 2009 was 239,518 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
$310,880
15.50%
* Seabrook
7,910
54.92
$434,412
21.66%
* Stonybrook Peaking
33,664
6.89
$231,832
11.56%
„ Stonybrook CC
51,163
9.88
$505,646
25.21%
Pasny
6,226
1.91
$11,896
0.59%
HQICC
5,631
3.79
$21,323
1.06%
ISO-NE Supply Auction
129,925
3.77
$4891955
24.43%
Total 239,518 $8.37 $2,005,945 100.00%
*Includes prior month $ true-up.
Table 4
Resource Energy Capacity Total cost % of Total Cost
Millstone #3
$16,432
$310,880
$327,313
6.24%
Seabrook
$39,787
$434,412
$474,199
9.04%
Stonybrook
$81,974
$505,646
$587,620
11.20%
HQ 11
$0
$21,323
$21,323
0.41%
Constellation
$1,666,846
$0
$1,666,846
31.78%
PASNY
$15,538
$11,896
$27,434
0.52%
ISO Interchange
$421,189
$489,955
$911,144
17.37%
Nema Congestion
-$9,990
$0
-$9,990
-0.19%
Coop Resales
$5,544
$0
$5,544
0.11%
Stonybrook Peaking
$7,337
$231,832
$239,169
4.56%
Integrys
$994,625
$0
$994,625
18.96%
Monthly Total
$3,239,283
$2,005,945
$5,245,228
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 March, 2009 are $490,823. This
is an increase from the February, 2009 cost of $502,609. In 2008, the transmission costs
for the month of March, were $394,233.
'
!Table 5
;Current Month
Current _ o
Last Month
Last Year
i J.......
i
!Peak Demand (kW)
s
t
104,469 ;
i...
107,190
'
101,534
;
;Energy (kWh)
!
57,724,632
.
r
.
54,051,452:
59,692,538
Energy
$3,239,283;
$3,599,640
i
$4,370,097'
wCapacitY
$2,005,945; ;
$1,448 583;
$1
422
762'
,
,
!Transmission
O
$490,823
$502,609;
$394,233:
i
_jTotal
f
$5,736,0501
$5,550,832;
$6
18
7,091!
,
_
Table 5 shows the current month vs. last month and last year (March, 2008).
i
READING MUNICIPAL LIGHT DEPARTMENT
FY09 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING MARCH 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
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 3/31/09 AMOUNT BALANCE
R
126,924
180,547
(53,623)
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
34,394
125,763
(91,369)
R
170,761
100,245
70,517
R
172
2,098,100
(2,097,928)
R
100,113
359,800
(259,687)
R
73,931
665,939
(592,008)
R
-
281,764
(281,764)
R
2,754,900
2,754,900
All
16,797
86,871
(70,074)
All
122,527
189,626
(67,099)
All 1,400,411 1,511,171 (110,759)
4,809,841 9,279,463 (4,469,623)
67,317
148,252
(80,935)
32,050
485,811
(453,761)
80,653
171,270
(90,617)
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)
13,982
55,700
(41,718)
46,261
44,600
1,661
640,562
1,734,823
(1,094,261)
5,450,403
11,014,287
(5,563,884)
All 115,876
60,581
55,296
5,566,279
11,074,867
(5,508,588)
Reading Municipal Light Department
Engineering and Operations
Monthly Report
MARCH, 2009
FY 2009 Capital Plan
4 kV Retirement - Stepdown Areas
1. Reading - Continued work on Walnut Street, South Street, Pine Ridge Road, and
Redgate Lane to convert area to 13.8. Installed new primary on Victoria Avenue,
Reading.
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 4W1813W8 Franklin Street- Reading -No activity to-date.
6. Fordham Road - Wilmington - No activity to-date.
URD Up-grades
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 splices, installed rack cables, connected neutral
cable, installed elbows with grounds onto cable to get ready to energize.
10. Reading Center -Haven Street - Installed and energized URD cable. Pulled cable
from Geo. Washington Apartments to Walgreens and through manhole on common to
vault. Installed terminations, built riser pole, installed new transformers on Ash Street
and Gould Street. Transferred services and equipment. Pulled in 1/o cable on Linden
Street and installed underground secondary.
Substation Upgrade Projects
11. Transformer Replacement- Station 4
Part 1 - Contractual Labor - No activity in March.
Part 2 - Procured Equipment - Variety of relays and test switches.
Part 3 - RMLD Labor - Station Manager and Senior Techs labor.
Part 4 - Feeder Re-Assignment - No activity to-date.
Part 5 - Transformer Payments - No further activity.
New Customer Service Connections
12. Service Installations - Commercial/industrial Customers -This item includes new
service connections, upgrades, and service replacements for the commercial and
industrial customers. This represents the time and materials associated with the
replacement of an existing or installation of a new overhead service, the connection of
and 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
$
92,242
Maintenance Overhead/Underground
$542,145
Projects Assigned as Required
$467,537
Pole Damage (includes knockdowns some reimbursable
$
41,905
Station Group
$
70,695
Hazmat/Oil Spills
$
11,232
Porcelain Cutout Replacement Program
$
41,139*
Lighting (Street Light Connections)
$
14,274
Storm Trouble
$
36,989
Underground Subdivisions
$
37,128
Miscellaneous Capital Costs
$
45,125
TOTAL
$1,400,411
*in the month of March, 35 cutouts were charged under this program. Approximately 61
cutouts were installed new or replaced because of damage.
29 - Force Accounts - The Commonwealth of Massachusetts requires utility plant
equipment relocations in conjunction with various roadway reconstruction projects.
Reading Center Force Account Project - Installed new PVC conduit and pull box on
common for traffic light controller. Pulled in 1/o cu cable from vault to controller box.
Route 129 (Lowell Street) Project - 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 - 54.62 minutes
2
Industry Average - 65.91 minutes per outage (APPA 2005 Reliability Survey)
On average, RMLD customers that experience an outage are restored in 54.62 minutes.
120.00
N
100.00
c
80.00
01
60.00
O F.7
y 40.00 -30-26
E
C 20.00
N
V 0.00
• Monthly minutes per outage
- - - System average outage duration 54.62
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 - .95 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
C
a 2.00
.v
= 1.50 1 P4
O
1.00 - 0.86 0.82
7 7
0.50 10 O.Q 0:08
0.00
c°~ p~ oo \p~
~Q po o e ~a m
RMLD monthly outage frequency
RMLD system average outage frequency .95
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 has no
interruptions. At this time, the average RMLD customer experiences an outage every
12.63 months.
96.55 99:57
64:4
,63:3
- -
31.20
1 26
3