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HomeMy WebLinkAbout2008-12-17 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session RE ~ ' E- 230 Ash Street 1 Reading, MA 01867 C L E R K December 17, 2008 _ -A ~ „n Start Time of Regular Session: 7:35 pm. q i End Time of Regular Session: 8:25 p.m. Attendees: Commissioners: Richard Hahn, Chair Philip Pacino, Commissioner Robert Soli, Secretary Ellen Kearns, Commissioner Staff: Vinnie Cameron, General Manager Beth Ellen Antonio, Human Resources Manager Jeanne Foti, Executive Assistant Robert Fournier, Accounting/Business Manager Kevin Sullivan, Engineering and Operations Manager Selectmen, and Customer Comments None. Approval of Minutes Board Meeting November 25, 2008 Ms. Kearns made a motion seconded by Mr. Pacino to approve the Regular Session meeting minutes of November 25, 2008 as presented. Motion carried 3:0:1. Mr. Soli abstained. Mr. Soli stated that although he was not at the Board meeting on November 25, there were some hearsay statements in the minutes, which he thinks should not be in the minutes. Report from RMLD Committees Power Contracts, Rate Setting, Green Power Committee Chair Hahn reported that in attendance at this meeting was himself, Mses. Kearns and O'Neill as well as Mr. Vale. Chair Hahn pointed out that Mr. Seldon of Energy Services provided a summary of what other utilities are spending on energy efficiency and conservation. Mr. Seldon focused on the two largest investor owned utilities who spent the most however, information was provided on what other utilities spend. Chair Hahn said that there was discussion on the renewable portfolio standards in Massachusetts with detail provided on the amount of the resources that have dramatically increased in the last couple of years. Chair Hahn said that Mr. Seldon's report indicated that as a state, Massachusetts was close to meeting its targets, which means there are renewable projects being developed. Chair Hahn commented that the RMLD conservation charge was discussed. Ms. Parenteau provided a summary on what some municipal utilities are doing relative to Renewable Energy Certificates (RECs). Mr. Cameron updated the committee on RMLD conservation and alternative energy programs and provided a summary on energy audits. Chair Hahn reported that specific projects were discussed including solar and combined heat cogeneration projects that had recently come on line. An update was provided on the RMLD position to oversee energy efficiency programs. Also discussed was the possibility of more press releases on the Residential Time of Use rate. Ms. Kearns added that at this committee meeting, what impressed her is that Ms. Parenteau and Mr. Cameron were looking to the Board for guidance and advice as to where the Department should go on energy conservation projects. Is it energy conservation projects at any price, are there limitations, what kind of factors should the RMLD look at? Although this was not resolved, it was a great question to ask both the committee and the Board. Mr. Vale commented that the committee is struggling with trying to collect the data within a timeframe of one year to set up a policy. Mr. Vale said that they would like to be able to provide some guidance to the RMLD management on what the policy goals are, whether it be energy efficiency, demand response or renewables. Part of the presentation given by Mr. Seldon revolved around what other utilities are doing. Regular Session Meeting Minutes 2 December 17, 2008 Report fromRMLD Committees Power Contracts, Rate Setting, Green Power Committee Mr. Vale commented that this was a means to gather the information the committee needs to create policy goals and to make recommendations to the Citizens' Advisory Board as well as the RMLD Board. Mr. Vale said that the committee is waiting for the Energy Efficiency Manager to come on board to work on these items. Chair Hahn commented that the timing to look at renewable energy programs could not be worse due to the economic times. Renewable energy costs more and energy conservation pays for itself over time, which may cause rate impacts in this economic environment. A balance is needed on how quickly these programs can be implemented versus what the RMLD can afford to pay. General Manager's Report Other Post Employment Benefit Study Mr. Cameron reported that the RMLD received a copy of the Town of Reading's Other Post Employment Benefit Study. Mr. Cameron explained that the state wants the cities and towns in Massachusetts to start funding the post employment benefits for municipal employees, which are the health care costs that need to be paid in the future. Mr. Cameron pointed out that a few years ago when the RMLD made more than its allowable eight percent return, there were conversations with the RMLD Board on what to do with the money. Mr. Cameron suggested starting a reserve fund to start funding the post employment benefits however, the Board decided instead to give the money back to the RMLD customers. Mr. Cameron said that now the RMLD has to start funding the post employment benefits. Mr. Cameron read the study, which does not specifically state the amount of RMLD's liability. Mr. Cameron has been in contact with the Town of Reading and it appears the RMLD's liability may be $8 million. Mr. Cameron stated that he, Mr. Fournier, the Town Manager, Assistant Town Manager and Treasurer will meet to discuss this report in detail. Segal, the company that developed the study, will make a presentation to the Town of Reading Board of Selectmen in January and would like the RMLD to be present because they are part of the study. Mr. Cameron will inform the Board on the date of this presentation and the Board can determine who will attend. Mr. Cameron said that he will forward a copy of the report to the Board. Mr. Cameron said that the Operating and Capital Budget/Pension/Legal Services Committee should meet once it is determined what the RMLD's portion of the costs is in the report. Ms. Kearns asked what will the town do? Mr. Cameron replied that the town will have to start funding this. Chair Hahn asked the committee to take this issue up in January or is it too soon? Mr. Cameron replied that the January timeframe is fine. Ms. Kearns asked if this would be pay as you go? Mr. Cameron replied it is a pay as you go, however, the state would prefer money put aside because the costs are rising. Chair Hahn commented that the committee should be coming up with a long term funding plan. Mr. Cameron said that the post employment benefits are one of things the committee should discuss. Mr. Cameron pointed out that the Board members had the foresight in 1969 to start up the Pension Trust Fund and at one point was fully funded. Ms. Kearns said that she would like to see what the RMLD is paying on a monthly basis and over the last five years. Mr. Patin commented that he wants a detail for the source of where this additional funding is coming from. Chair Hahn said that this will be part of the budget process in January. Mr. Pacino reiterated that the funding source has to be looked at. Mr. Cameron pointed out down the road you will have a fund that is self-funding. Regular Session Meeting Minutes 3 December 17, 2008 General Manager's Report Other Post Employment Benefit Study Mr. Soli asked if there is anything in the report about the possibility of Reading getting into the state's health insurance? Mr. Cameron replied, "no". That is a different issue and there is a health insurance committee that addresses that issue. NYPA Credit Update Mr. Cameron reported that Frank Biron of Melanson Heath & Company, PC came in on Thursday, December 11. Commissioner Soli spoke with Frank Biron relative to RMLD's calculation and treatment of the NYPA credit. Mr. Cameron said that after Mr. Biron met with Commissioner Soli, he, Mr. Fournier and Ms. Parenteau met with Mr. Biron to discuss the NYPA credit. Mr. Cameron said that there will be a meeting that will take place tomorrow with Mr. Biron, himself, Mr. Fournier and Ms. Parenteau on the NYPA credit. The objective is to get a written opinion from Mr. Biron. Toys for Tots Mr. Cameron said that the Toys for Tots box is in the RMLD lobby if anyone is interested in donating to this by Friday, December 19, 2008. Good Neighbor Energy Fund Mr. Cameron pointed out that the Good Neighbor Energy Fund envelopes will be in the January bills. T-Shirt Award Ceremony Mr. Cameron said that the T-Shirt Award ceremony is for the T-Shirt award recipients. Members of the Community Relations Committee, Mses. Kearns and O'Neill present the winning recipients with their award. Mr. Pacino asked about the status of the MMWEC audit. Mr. Cameron replied that he spoke with Kevin Bannon from Melanson Heath & Company, PC and hopes to get the report before the end of the year. Financial Report November 2008 Mr. Fournier reported that he will be presenting the estimated results for November because the Purchase Power costs that make up eighty percent of the total costs the numbers are not available, he created an Income Statement with estimated numbers for the Purchase Power base and Fuel Costs. Mr. Fournier said that for the month of November there were no major incidents or unexpected expenditures that occurred. • Profit $891,000, Year to Date Total $2.9 million, Budgeted amount $1.4 million. Of the $2.9 million profit for the month, $1.7 million is due to the Fuel Revenue exceeding the Fuel Expense. • Revenues, the Base Revenues are under budget by $1.1 million, the bulk of this is from the commercial sector. Energy Services Division is looking into reforecasting the RMLD's revenue projections for the last six months of this fiscal year. Maybe this will be available by the next Board meeting. • Base Revenues $16.8 million compared to the budget of $17.9 million all sectors are under budget with commercial and industrial representing the largest side. • Purchase Power base was over budget by 7.5% or $750,000, due to transmission and capacity costs. Purchase Power base costs are $10.8 million compared to the budgeted amount of $10.1 million. • Operating and Maintenance expense combined are under budget by $60,000 or 1.34%. Actual Operating and Maintenance expenses were $4.4 million versus the budget of $4.46 million. The main reason expense is over budget is the Senior Techs have expensed more of their labor rather than capitalize it. Regular Session Meeting Minutes 4 December 17, 2008 Financial Report November 2008 Mr. Fournier said that for the month of November there were no major incidents or unexpected expenditures that occurred. • Depreciation expense and voluntary payments to the town are on budget. • Cash capital funds are $4.7 million; Deferred Fuel balance is at $2.6 million the Department on the projected numbers for November has over recovered by $675,000. Mr. Fournier reported that the first week of December, the RMLD placed all its liens. The volume increased this year. The RMLD placed 207 liens residential customers for $120,000. Mr. Fournier said that customer deposits were reflected in bills for December except for the first two cycles therefore this credit will appear on their bills in January. Mr. Fournier reported that in December the four towns received $585,000 based on kilowatts sold and percentage of net plant. The payment of $1 million was paid to the Town of Reading for the return on investment to the town. Mr. Fournier pointed out that the RMLD was under budget by $60,000. Once the quarterly report is presented through December this can be looked at in finer detail. The Fuel Charge is trending downward for the month of November. Ms. Kearns asked Mr. Fournier approximately how many liens were placed last year? Mr. Fournier replied that last year it was around 125 liens, most of the increase was in the town of Wilmington. Mr. Vale asked if these were all residential liens? Mr. Fournier replied that they are residential liens. Mr. Vale asked if there are GASB or utility standards governing how a Senior Technician can expense their labor as ongoing operating cost or capital side? How much discretion is there? Mr. Fournier replied that the budgets are prepared in the spring for the upcoming year; which are estimated by breaking out the best they can how much labor will be capitalized. By labor being capitalized, that is adding to the existence of the plant significantly. The main reason in the budget there was a lot of capital labor allocated for the Senior Technicians was based on the premise due to the work being done at Gaw. Presently, the RMLD has not incurred the amount of capital labor that that it anticipated would be completed at this time, that is why the expense side for labor is over budget. Mr. Fournier explained that as you increase your plant, create and install and better your plant that is a capital addition. Chair Hahn said that he thought the question was how much discretion do you have, but does not think you have much. If an individual goes out to work on O&M then it is expensed, whereas works on a capital item is capitalized. You cannot arbitrarily move money between those. Mr. Fournier pointed out that FERC does spell out in the individual accounts what is considered an expense and what is considered capital; it does spell out specific activities. Mr. Vale said that he took it to mean that the Senior Techs had discretion to decide on the work. Chair Hahn commented that the Senior Techs do not have discretion in the work whether it is capital or operating side. Power Supply Report for the month of November 2008 Mr. Cameron reported that Ms. Parenteau could not make the meeting. Regular Session Meeting Minutes December 17, 2008 Power Supply Report for the month of November 2008 Mr. Cameron reported that the sales for November were 56,336,627 kilowatt hours, 2.4% less than November 2007. Mr. Cameron stated that the cost of energy for November was an aggregate average of $72.12 Mwh with the total cost of energy a little over $4 million. The peak demand for November was 108,556 kilowatts on 8:00 p.m. on November 24. The UCAP requirement for the RMLD was 233,700 kilowatts. Mr. Soli asked when does the UCAP requirement change? Mr. Cameron replied that in May they look back twelve months. Mr. Cameron said that as Ms. Parenteau would state if she were present at the meeting, during the transition period the RMLD is supporting a fixed amount of capacity so if the RMLD goes down at the same percentage as everyone else what the RMLD pays will not change. That will remain in effect until June 1, 2010 when that fixed requirement goes away and it is replaced with the results of the first and second forward capacity auctions. Ms. Kearns asked Mr. Cameron what is NEMA congestion? Mr. Cameron replied that this is a load zone in northeast Massachusetts and from time to time they have to run plants within the load zone that are out of economic merit. The whole system is dispatched on economic merit, however the price in a given hour may be $70 a megawatt hour but because the transmission is at a peak coming into northeast Massachusetts they may have to run a power plant within our load zone which is more expensive than the average price of the Pool The difference between that average price and Pool price is called the congestion price. On an hourly basis when that occurs it is the congestion costa Ms. Kearns asked if this is always a negative number? Mr. Cameron replied, "no" it is usually a positive number but it could be a true up. Mr. Cameron reported that the average cost of capacity was $6.51 a kilowatt month for November. The total cost of energy and capacity was $5,000,587. Mr. Cameron said that as Mr. Fournier had mentioned that he has had meetings with Ms. Parenteau and Mr. Seldon to adjust RMLD's revenue forecast for fiscal year for the last six months based on anticipated kilowatt hours. If the RMLD's kilowatts are down for the last six months it could impact what the RMLD recoups in capacity credit as well as the Purchase Power Adjustment Charge. Mr. Cameron said that he will come back to the Board in January to show that adjustment. Chair Hahn pointed out that the second capacity forward auction at ISO concluded and the details have not been published. The price cleared at the floor was 80% of the floor on the last auction. The capacity prices continue to trend below the numbers targeted by ISO New England. It was $3.60 today. Mr. Pacino asked what is the effect of this? Chair Hahn replied that the open position the RMLD has in the capacity market. The RMLD has capacity entitlements in Millstone, Seabrook, Stonybrook, capacity credit for NYPA and some of the purchases are in capacity. Some of the purchases made have been in capacity but of the 233 megawatts the RMLD has capacity obligations not all of that is for bilateral contracts the balance is purchased by the ISO capacity markets. Between now and 2010, the rate is fixed by negotiation or settlement. After 2010, these auction prices kick in. The first auction June 2010 $4.50 per kilowatt month, second auction June 2011 is $3.60; a kilowatt month and the next auction will be eighty percent of $3.60, people are bidding very low. Engineering and Operations Update for the month of November 2008 Mr. Sullivan reported on the Engineering and Operations report for the month of November 2008 that: Item 1 4Kv Retirement Step Down Areas For the month $1,300 was spent for engineering work and petition for anew pole on Victoria Avenue. Will attempt to frame that area late this month. Regular Session Meeting Minutes December 17, 2008 Engineering and Operations Update for the month of November 2008 Mr. Sullivan reported on the Engineering and Operations report for the month of November 2008 that: Item 9 Reading Center - Main Street Money spent $15,085. Item 13 Service Installations For Residential Customers spent $16,666. Item 14 Routine Construction $169,173 was spent to date. Replacement of cutouts $6,030 for a total of 32 cutouts in November. The annual number of cutouts total 296. Forced Account Reading Center money spent $6,214; Forced Account Wilmington Route 129 money spent $15,000. Item 11 Transformer Replacement - Station 4 Procured equipment $8,089 for control switches and relays. Part 5 money spent $1,377,450 for the first transformer delivery that occurred on December 11. Mr. Sullivan stated that IFB Bid 2009-21 Substation Structures and Equipment is out and will close on January 13. That first transformer has been placed in a temporary location with the control cabinet being heated and the second transformer arrival is expected December 18. The second transformer will be removed and craned in place in a temporary location on Friday. Construction spec should be finalized by the end of the month. The slip in the schedule is in excess of thirty days. Ms. Kearns asked when the transformers are unloaded and kept in a safe place does it cost the RMLD any money to store them? Mr. Sullivan replied that the safe place is right on site. Mr. Sullivan stated on the Reliability Report the CAIDI index for the RMLD was up a bit from last month in November. The RMLD was up to 49.92 minutes which is more than 16 minutes under the industry average of 66. SAIFI has remained the same at 1.07 outages per year. MBTI number is the same at 11.2 months. Mr. Sullivan reported that last Friday the RMLD received a call from the area coordinator for mutual aid for as many linemen as possible to be sent out to Groton. Eight linemen and two engineers stayed until Sunday evening. Then the RMLD was asked to provide assistance to Ashburnham with the same staffing levels with rotating employees. Mr. Sullivan added that Saturday they were asked to send employees to Sterling and sent two linemen on a rotational basis. Mr. Sullivan pointed out the word of the week is reliability. Mr. Sullivan thanked the Board for trusting in the Department's judgment when they say they need to upgrade an area from open wire to tree wire and Hendrix or open wire secondary to triplex or change out poles since it does make a difference. Mr. Sullivan said that the RMLD would not have been unscathed from such an ice storm but faired better. Mr. Sullivan stated that tree trimming is priceless. Chair Hahn asked if the RMLD had any outages? Mr. Sullivan replied, "no". Mr. Sullivan said that Ms. O'Neill had asked for a capital fund wrap up but will defer this until next month when she is present. Chair Hahn asked Mr. Sullivan to e-mail this to the Board in the meantime. Mr. Sullivan showed a poster made up by Ashburnham eleven year olds thanking the RMLD crews for restoring power. Regular Session Meeting Minutes 7 December 17, 2008 General Discussion None. SCHEDULE FOR UPCOMING BOARD MEETINGS Thursday, December 18, 2008, General Manager Committee Thursday, January 8, 2009 T-Shirt Award Ceremony Wednesday, January 28, 2009 Wednesday, February 25, 2008 Board Rotation at Citizens' Advisory Board Meetings: January, Vice Chair O'Neill February, Commissioner Pacino Chair Hahn wanted to wish all the residents and customers of the four towns the RMLD serves a very Merry Christmas and a Happy New Year and a great 2009. Motion to Adjourn At 8:25 p.m. Ms. Kearns made a motion seconded by Mr. Soli to adjourn the meeting. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Robert Soli, Secretary RMLD Board of Commissioners .24.E Octob, -j- 20M o. R IVIl. , V, Caz,"rcron rC=rT3:. i Cameron t A �. kt 9 FAt2 s r �,u E uh.jeo {I P.t.Y.,, the ftte charge and NYP:? t.lwer ii-1 is a first Iran, *s i itta? regarding th fhel Ch r °''e and NY PA now , r. As the ' words are prepared to {,wa s along with other Part^, 01 r-ry presentation, then additional transmittals will be madc, Some Two of 'the v rc first principles tic c-Orn lyirty xvith the Federal law that established the New York- Pro power and complying with the FERC order r - censing the New York Wooer Authority. ['car both of the, ec,, the wording is identical - pow r shall be availablc firs sale A.rrt€a distribution primarily for they bein fit of the taeoplc a con time s, particularly domestic and rural conswin rs, to whore such power dull e rrtade av'ai�a.��� �r� die lowest sales reasonably possible." 'ha ir l i.Li Le ht Departmentformalized their coTripliance to the above requirements with a Power Credit Clause :which reads, in part, as follows "The Town of Littleton, through Che Littleton Electric Light Department, has been allocated a Portion of the output of certain low, cost, fccic:rall; licensed hydroelectric power pr jec! x in the State of New Ytins. ThIs power is for end use tits residential pu ptrs ;s ttrtly�" RMLD seeks to do as l-iit.l t n aces --- the YPA power is for end use for residential P rpose nly. Regard the Fuel Charge and its Calculation, One Ava4° that we could proceed would be to calculate two se$parrtte frr l charges - one for the residential custonne, _, ;`it, would be s rr eNvIrat. lower) and <t secant for all other ;cus orxtc r s i it -vvould be somewhat h4ihcra. This is not what the RI,,% LD tides — cyn the residential bills, the RMlD first calculates a fnel char gc tlia< is applicable for all customers i just tC)r'rked at my electric bill l dated SepteTriber 41 2008 and *.saw that the rate used for my fue! ch r g? was 9,4 cents per kWh, the same rats its for the Schools, Commercial curstomers=. art€1 in 'itrial, w.. customers. l thou =alit about the purchase lower summaries ft >) the recent months which have been sh wirigg purchases of N! I,'I t Power ofb tivee r :1.6 million and 2,0 million O II at a rapt; af"List under x, cent per kM/h. ne �_` r�'.Scr� � ]tist'.is�r re stt�critr l £ tr4tt iir� ra. "4��rth sttcl2 IE) -i �tst. �` 1 r� cn�.r v �34)S�' could the Residents 173ee char g'--d the ssarne rats for the fuel chart?,, as all the other customer, 'r hen it Ga w.v ted on Ida'::;_ The t1..- i+: fuel cost fur the residents is given ar, artificial overcharge to brin. the residential ntia i iuel C hargt up to that, of the other i,i::stor$3c .. ^.E, and glen th. 'SNYPA credit" ' o 03'-3 3.e ti IAVh is subtracted - this brinigs the net cost back down to what it sb(,.)ulCl have bee n- a) if there riltC.a'"..lisi . rfi �: §v o ,C"`i;.r v€M141'.pG €er 3. i:i ei chG;..t �Il rates calculated, . A'. y,he'fi4t would have Y*u%+i✓.f Y. __ 9,047 cents :` >'�t€ h 9.,0 ".. = �kA- 0 -53 3 List the res'd' ti ii tT tome s 'it, is slightly A��s4'�.r4 an 9,40 oe is ,' b.N h for all other custonie,rs lit i's slight1v hi he }; Or ttrt residential rate can be arri ]( tally C3v'u'i"�: har ged t(:) be the same as, 's.:ver- onne, E lse and ther6 a credit is, Where is tile net cost that the MLD expenses' No-,Al if there is an air't.lic -lad or;.ietic`al' ;,�,e and a credit is a';'id?Ired ti:� ri'rzlol'e the <artrficlb;t overcharge, It would see m that the two fictions essentially balance each other out, So where is the net cost that the INVILD ,x- penses Documentation that "NI Nl' resift is booked as a cost items Attached is the first dare! of the Purchase Power Stiminan,, that was discussed at the October 2 200 l ea vino j uric ipal ;Light Board t VJ .Bl rrieeling. 1 asked about the colurrin which is 1 ele " "Total ,`S rcrst ,. Team whether- al of these hers wer-e, booked as costs. f was told that all of them were booked ors c °.sttn . _sal about the rcaF labeled C,n ", stellatar. n" to learn whether there, Nverr all, invoice and a wcrrani, :iteR"i that could be traced to this cost. I.'ovas- told that there was an in-voice and a warrant Itern tha €, r ntaltl �' try d €� td�i rise. l asked a similar ,varrant and invoice q taestion regarding, the row label --d pasny credil�� ,, ; vvas told ; hat there was no invoice or warrant item that could be traces to this coste Mr. Cameron adidecd thai this cast item has been treated this ay since fhe 1980s. Also attached d s a copy of a sheet fronn R I1 D's ` 00 report to the ',Massachusetts D` L This page, page 22 of the report, lists Purchased 1'f-swer- Expense, account 555. One of the ittins listed is PASNY Credit whose amount is $781,1132), Since the RMLD is basically a eos?- lus-- xe .tie company, +the impact ofaa -y booked expense i he hQ real or fictitious expense) is that the customers fire obliged to pay that expense. In this mvsi e, tlae "P NY ­redi,.''averaging alniost. $1,000.000 per "`ear with flit" `record of sd1ese charges stre€ebin£ri. bad into the 1980s. Presentation A fuel-ail co -rip that models the TL for i ing fnel charges r' nalvsis of siirl)l:v models can Gotten provide its irasialits that a real -world si.tuatifata and Its complications, might oic'3seure. Let me introduce, the W a- Nort "i, rid- ;at - €il - Rocid, Fuel-Oil Cooperative, It I5 located in t'J,r13; iesota, a rno,st M Canada. at flee 1-n o'1 60 .miles of bad road, All of the, resi eats in this little barnlet baii de toUether° to fiorni this eo-op which sells fuel oil to its members at cost. 1�N °e so often the groups pickup is loaded vvith 10 five- allon Feel Cans and it's driven to the nearest town t fill tart.: fuel order- MLdti le sources s aii r iar.tirilc- prices are often, required to fulfill -Slue fue.1 orders. Step f This sha ivs, the list of ail to be purchased, On October 1, Elmo Muppet, who has ., ucsl Assistance c rfifica'Te_ wants N gallons and 100 gallons is trr be purchased for the co-op. Stela 2 dytai: shows thi:'• record of the, f)al €€a "t.4a�,�:s, adi were C-01). A tii driver a.a'"..v1Cdes the 3 receipt, t6) the ct's- t j aft -Uttl L %31 : s6't tdi t; a.li expenses, as d book ed 1-he driver lso returns ins $1 � 1, char,.; fronri the .` X00" d'?i't3 ° }aded to p%Ercha}4e !:he hilt or the co-op, He ,vas able to obtain, onl ' 8 gallons s €,lt Fuel Assistance Chit for Elmo at :ti1.0 per gallon, i .'11`e r'erniain,111 -V pur. has. s iv ere- two 56-gallon purchase, `sat ; ._,t, }tgaf and $ 50/gal, respectively, Step 371 'Dis step allocates the oils in1c) 2 separate too - a Co-op pool frc)rn vNIuch anyone car, purchase oil - thil.s pool Containts 1, 12 gallons whose average price I/ gallon is I'V`55,00 The otner pool is dediouted ofl, for pur hase only by Ell-no Muppet, '11, contains 8 gailons whose average prIc- / Lial Jon 1. 00 We see that the allocatiion to these pools did not charge either the quantity ofofl or its total cost -- theru are still 120 <,mllons and the total cost is.sfill $568, Step 4 in this step, we prepare, the customer purchase records. which can be used for billing For Elmo Ml ppet. who wanted 20 gallons,, the dedicated oil (or IIIIHEAP, provides 8 aallons for Ili' 'I ZI order, costij-,x $8. The rernainder of his order, 12 gallon , conles from the co-op pool costing $,5,00 valjon,or$60.00, El rno s total hill rLuls to $68 � 00, or an aveT smk f 40 1 gal for, � Wes-e that' istotal 0 1 n is $1.60 per gat, below the is(; -ops Pool price and his total 1s $3100 less fluan the c-(-)p`s pooll, prlce For 'the Co-op pool, -,� „e, reduce the quanfity by the 1? gfallons sold to Elnit ,i, Step 5 f ler-- we look at -the total s cf fstep 4 and corn pane them to the totals of step -2. Our recoinci I i a t I ('m show”, that the step 4 totals of gallons and value of the gallons as with the totalls of step -2 Synthesis 's The next chart shows the synthesis oftbe previous steps, i,el, what did each of tile steps accornplilsh Ottd h(-A,,,, rnight these steps be applied to a similar problem (like, computing fuel charge for the RMIID)- Computing the, hills with thc- same fuel ehargg(" For all The next- series ofcharus shows an alLerniatc computation in, response to the, co-op's bosscs saying, "The bi,113 are too complicated. Make everyone's price/,gal. the samC, nple, we can see thm $5.001aallon for every-�one would be, the right price S -,ince the numbers were, so sii and also that Elmo Muppet. will require a c•edity The tol) spread sheet, shows a try to put together something that gets e er-ything, at $5,00 / gallon. Tile first 3 items are obvious as is tl4e, S-352.00 amount for the fourth. value. Naming this quarlbt ,- talkes sorne thottght, and finally we settlee on "` horsy overehw-,g,,, for'-Ehn soil to make his rate $5g6l. ifewill.111ater be credited whh, the sarne arnount." With that sue Naive, a way to make the avera� e $5 gal. The next, spread s4ef t shows the computation o'-fthe two bills. We see that the totals-, 120 gallons a are the sam�-- as computed by the preViOUI, ',"AeDS I -- 5,• The last pdart ofthe expensew-nount to be put on the coo books is $568,00. the rn, o! f, b amou oth the purelizases and the sales, Elmo`s 11pith the $5M / gallon, meth.odology te. j ne Thi��,,; chart sh 2ws Elrno's, bilit both :`'hat the stater-nent states and, what, !the sta:wm--n,,, doesnt aa I- I i 4 statC part nnallles il. V--y clear that there is a phony, charge on this hill, that die credit. part [it the bi'l later cancels, From.,: En a g,,� Services Daw; Octobo,.- 17 2008 : �i t r4 5 rvi f n f" S has � .+s..Y S. � 3.tt, .�3 .�v'; _daM-h.. ..3 �•i.�.'s�� #tA+�..}g� L^�f. flur L L.ls« t Ut�i..11ui'S 6F P y }4y ,{ i.�t�+is3� �Laii A:iA �'i.t�„t �:��_ [,!is.�: : ##fp.") month of'Scy EN'. ` The 3"UN LD's tort al e-ter load fi the mo ytfi was 6t9 6 %!as Wls, wC'.i?ch C.+''rias a deacne Tzible f is za breakdown by .`.iC?m: o th..e cene ` purchase,,,,, Rosa ce Energ y rr ner y` cost,, ,C?,broo�, 5,65 2;941 $63.77 9.313% $381.539 tfZI 2&80POO u $110t 22% $ ,89,7s6 10r ANY I A31 A72 1;492 268%4 !.:s.,.+ 3i`5tiia,1'ab,rCgd:'+ 1,30DA05 .xia> C). a .. 4. As' Fig r)cip Rc saic -.^ MY $105 99 0.06 da�:- ronybroolc I^}eal drig,, 53 85E S-929,79 0,01% $1,34-5, 0,03% Dominfion,,'FFIL 7392MO $N00 12,12% $694848 14,67% Mhonthiy, Total €199 50 $77,64 100,00% 4x735, 167 100,00% : d c qa F t 3 T ,. try c,'A. ,Ise i dt 'K tN "J" SDlu ,~7,.7 6r rha, P rvn .,fir ai 4 . "M;, f s 9 # ' f i I� a F46r f,!; " Mi ,aR:. tIof i• E Prno+. �._ x•.-++ �axn. .,.w.«,:...x.:.:.,......e....�, __ .»..�..:w.:.- .ra. »:.;,::ss.ww. wmr...m=aw......,.r.., w..— - .mmma...«.....n.� -nm r: 4 f c a n � r � r a k 5 { P � a z s PCA ,..1 .A tsa i553 9f[ tk.., p, GEf31PS7.e., { .0 io 4:11un J 94 E 'e ft ci . snt , d v...,6 iver, ; } C "'o Atilt ii fro y -:i?� 29 ilQ :L L 3 £.,7 3 * ..,t �... 2 sdt r . 3 ies srl i � ES � i g5 # s t jr( 719 TC �, r IF Way-North, End - -h -Road, Fuel -Oil Cooperative October r , Oil Purchase List Step Client Gallons Note Elmo Muppet 20 Has October Fuel Assistance Certificate Co-op 1 Total i Fuel Assistance (UH P) certifcate states that only Supt may benefit fr P the certificate, : Way-North, End-of-the-Road, Fuel-Oil Cooperative October I Oil Purchase Record Step; Supplier Gallons Pate Price Note LIHEAP 8 $11.00 &00 for limo i uppet Bert's Star Oil a $4.50 $252.00 for co-op of Emie`s Galaxy Oil 5 6 $5.50 $308.00 f ?r co -op pool 1' M3 $0-68,00 Way-North, End-of-the-Road, Fuel -Oil Cooperative October t Pool Allocation Record's Step for the co -op poop Supplier Gallons late Price Ben's Stan Oil 5 6 $4.60 2. Ernie's Galaxy Oil 56 $5,50 $308,00 11 "> 560.0 avg./gallon $5,00 dedicated evil, for Eirne= .uppet Supplier Gallons Pate Prig L IHE P 1 M $8,00 Way-North, End -- the -Road, Fuel -Oil Cry October I Customer purchase Records Step For Elmo Muppet Supplier Gallons Rate Price UHEAP 8 $1-00 WOO co-op petrol 12 $5M -00 Total 2 ,rr68,0 vcg,t 11 n $3.4 total is $1,60 perlqal below pool price total is $32-00 less than pool price net for Lhe co-op pool Supplier Gallops Rate Price Oct, %60000 sold to Elmo "1 $5-00 $60,00 remainder 100 $500,00 avg./gallon $5,00 `- North, End -o- -Road, Fuel -041 Cooperatives October I Reconciliation Step Total Saies Gallons Rata Prig net for co-op pool 100 $5m $500.00 sale -1 r," Muppet 20 $3,40 68,00 Total 1120 w, 3 r i 3 i '°` trees � a DO d sou st o rs, by dedicated & Pooled ctustcnnnters Stey "'Sq C..3,. 1 �� ° ' Yp: `3.g',� ..�. a,ia"a. � �"? } f j"�. v s ,� 2 fi {$ ''���ssgg� ": ff d.�'�' -�" L,�.k e..? I £i a✓4:"Jolunt ia�w.*�e..� plan✓ b-g-w'i�,a.._ ro 3 l-11 s -. u,stt«,ornf r.ra A"v' floc -' �A � % pu g ski �d�rses d i:i { � ( w�%'S,,�urce .. ..T' ,s Step Allocate �� m the p bs �e D#^rat er 3in 4^"'��t � �����!�� ��5dt �r�# ��A2 fy�$Y»:. z & %" '� ' e-: t"':` ;.may p' �" 8 " }'g°'° s i sft ,g. _n - " f,-.,)r s � � i,� a S� � 5. .e--,- R '� 4��F, ��`.�. J Po. } .µ^3�e..a. ,,.�s `.W k,.4. ��'3 4, .;.,i.€ a a -w» s „?.,. r relative to -the pooll price, Step R m it, a e' y # Ym'.as. a :- #- taTUa�,m Sc,+ct -. 3.,n€a .�k: e.o a L n. �'n�q =+-.ry Way- �. , d -o T-h-R dw Fu Oil C p aL V° I � th s nlz'. The bosses said he bills were too complicated. he t�vanted everyone' s p£im ga e F .-r,hiCt would be $+_ Pk z £ » 3. the siu bsFd,Z: d Lus Rorn«fs ;M require rcre ft. "See nat you can .. Suppir r Gallons Rate Price Note E [ _ 8 s M $8-00 fo Elmo M€tpPet Bert's Star Dil air 4 -50 $25Z.00 fO CO -Oaf.; POOI nre's Galaxy r r1 5.50 08M for co-OP PO Of Phony verch rge r $2. g Elmo's 61 '%o make € is raxe Ip- later be cred' d, OH purchases phony _ $600.00 av l a rnq1 1-r make awe age ("Ornpute tile bills, OK so, far- Client Gallons date Pace LlHE.AP credit -- Net $68,00 this amount C'fient Gallons Rate, Price co-op pool 100 $ 5.00 $500.00 Net pay this amount The next stdr� assigns the ,ea' �.cst� t " -op debit � °ffit� n Debits that -fill affect the c - `5 rOfi �, ific�'"�, g 'Ecy � s� t + 3 and i.`S 5t�4T. ?s u-atj .3f . artifice, Not �.E':4'ta eFwS "�; S ;�iL.�t x.�l 1v.✓x.dT F�i .i real : I Statement - I October 2008 Payment true: 11 October 2008 Way- North, E - - h § Fuel -Oil Cooperative Customer, Eimo Mupp t 4what the statement states) 20 gallons fuel oil a. ,00 per gallon $100.0 (what the statement doesn't state) 8 gallons fuel oil @ $1.00 per gallon $8,00 2 gallons fuel oil @ $5.00 per Ilan $60M Phony ny charge to bring average pr iue to'$5,09l gallon $32.00 { LIHEAP credit Net $68,00 pay this amount 13 November 2008 To: RMLB, V. Cameron From: R. Soli Sub}ect: Second transmittal regarding; the fuel. charge and NYPA. power This is the second txansrnittal regarding the fuel charge and NYPA power. Synthesis and the DIED Fuel Charge This chart, as derived in the first transmittal, shows the synthesis of the steps to compute fuel charges for the RMLD. Calculating the LD Fuel Charge Step 1 This shows the list for kWh purchased in July 2008 by Residential customers and the other customers. Step 2 This shows the record of the kWh purchases from all suppliers during July 2008. Step 3 This step allocates the kWh purchased into 2 separate pools - a shared pool from which. anyone can purchase - the average price in this pool is 10.185 cents per kWh. The other is the dedicated NYPA kWh which is reserved for residential customers. Its price is 0.492 cents per k.Wh. Step 4 In this step, we prepare the customer purchase records, which can be used for billing. For the Residential customers there is not sufficient NYPA power to fill. all the needs. So the balance, 24,449,339 kWh is obtained from the shared pool. We see that the average price for the Residential customers works out to be 9.400 cents per kWh, saving; 0.785 cents per kWh relative to the price of electricity from the shared pool. F or the shared pool, the electricity sold to the Residential customers is subtracted from the pool total to show the remainder. Step S Here we look at the totals of step 4 and compare them to the totals of step 2. Our reconciliation shows that the step 4 totals of kWh and the value of the kWh agree with the total of step 2. So "conservation of dollars" was achieved such that the amount.of the customer billings equals the cost of the electricity purchased in step 2. t RMLD Fuel Charge -grow it's actually calculated. The next chart shows how the RMLD fuel charge is actually computed and shown to the RMLB in the monthly purchased power report. We see that the fuel charge (for all) is calculated to be 10.002 cents per kWh and that the NYPA credit is calculated to be 0.266 cents per kWh. The total, net fuel charge for the residents is calculated to be $2,590,423. This is $89,482 higher than calculated in the previous charts. RMLD-calculated Fuel Charge - what are the problems 1. The fuel charges for the others are too low it's shown to be 10.002 cents per kWh whereas the proper amount is 10.185 cents per kWh. So the NYPA power is subsidizing all the other customer classes. 2. The Residents are being short-changed $89.482, hardly in compliance with the FERC order that specifies that the NYPA power be "available at the lowest rates reasonably possible." Compacting the bells with the same fuel charge for all The next chart shows an alternate computation in which there is the same fuel charge rate for all customer classes and with a credit for the Residential customers. Step 2 is the same as before, list all of the power purchased. Step 3 calculates the fuel charge for the pool customers, the rate that all customers will be billed. Here we see the same rate for the pool as before, 10.185 cents per kWh. Step 4 is a series of steps for learning the amount to escalate the charge for NYPA power. The answer turns out that the overcharge is the difference between the pool rate ( 10.185 cents) and the NYPA rate ( 0.492 cents). Step 4a prices the NYPA kWh at the pool price. Step 4b prises the NYPA kWh at the NYPA rate. Step 4c calculates the overcharge of step 4a relative to step 4b. This is the amount of the phony overcharge. Step 5 calculates the credit necessary to cancel the phony overcharge of step 4c. This value $208,819, is identical to the amount of the savings shown in step 4 using the first calculation method. The results agree. FERC order relative to NYPA, grower This chart shows Article 407 of the FERC order containing "available at the lowest rates reasonably possible." Article 408 shows that the allocation of power for neighboring states applies to Connecticut, Massachusetts, New Jersey, Ohio; Pennsylvania, Rhode Island, and Vermont. Appended at the bottom is a story from a recent APPA newsletter regarding compliance with FERC statutes, regulations, and orders. RMLD Annual Report to the Department of Public Utilities Three charts show some of the contents of this report made annually to the DPU. First is the cover sheet. Next is page 22, showing the PASNY credit as a Purchased Power expense. Last is the final page of the report, a page for signatures of the manager and the commissioners, The top of the page states, "THIS RETURN IS SIGNED UNDER PENALTY OF PERJURY" So What's the Worst that Could Happen? le~ kost Allocation. Steps wit customers Step . Deta ®c reso Acc use by dedicated. pooled custanaers Step 2 - Get total p thi of all resource purchases for all. customers Step Determine the pools Allocate the resource purchases (quantity & cost) in- dedicated. & pooled pools Deten-nine alt cost for each pools Step Allocate from the pools : ter nine pool amount to provide rei al_nin resources for dedicated custornerse Determine savings for dedicated custoi ers relative to the pool price. Compute remainder the pool. Step Recapitulation 0 Check swans against total cost in step 2, RMLD Fuel Purchases & Charges July 2008 kWh Purchased list Step I Client group kWh Notes Residential 26,603,668 Includes NYPA allocation All others 49,028,042 Total 75,631,710 RMLD Fuel Purchases & Charges July 2008 kWh Purchase record Step 2 kWh energy total cost 1 Millstone #3 3,376,542 14,562 2 Seabrook 5,887,748 39,854 3 Stonybrook 9,674,918 1,088,121 4 Constellation 36,096,000 4,492,579 5 NYPA 2,154,329 10,599 6 ISO Interchange 18,321,926 1,857,820 7 NEMA 0 -29,224 8 Coop 35,312 4,291 10 Stonybrook peaking 84,935 15,658 Total 75,631,710 7,494,260 RMLD Fuel Purchases & Charges July 2008 pool allocation records Step 3 For the shared pool kWh $ cents energy total cost per kUWh 1 Millstone #3 3,376,542 14,562 0.431 2 Seabrook 5,887,748 39,854 0.677 3 Stonybrook 9,674,918 1,088,121 11.247 4 Constellation 36,096,000 4,492,579 12.446 6 ISO Interchange 18,321,926 1,857,820 10.140 7 NEMA 0 -29,224 8 Coop 35,312 4,291 12.152 10 Stonybrook peaking 84,935 15,658 18.435 Total 73,477,381 7,483,661 10.185 Avg 0,/kWh 10.185 Dedicated kWh for residential customers only 5 NYPA 2,154,329 14,539 0.492.. RMLD Fuel Purchases Charges July 2008 customer purchase records Step 4 For residential kWh Supplier energy NYPA 2,154,329 from shared pool 24,449,339 Total 26,603,668 Net for the pool total cost 10,599 2,490,762 2,500,761 cents per kWh 0.492 10.785 9.400 avg VIII Nh= 9.400 saved 0.785 per kWh saved 208,819 from pool price kWh $ cents enemy total cost per kWh Total pool energy 73,477,381 7,483,661 10.185 Sold to residential 24,449,339 2,490,162 10.185 Remainder 49,028,042 4,993,499 10.185 RML® Pagel Purchases & Charges July 2008 recapitulation kWh $ avg. cents _ _ - ene I Y.- ~ cast kWh er Residential sales 26,603,668 2,500,761 9.400 Direct pool sales 49,028,042 4,993,499 10185 Total sales 75,631,710 7,494,260 9.909 Step S RIMED Fuel Charge how it's actually computed July `08 Purchase Power kWh $ cents Oct.. 2 2008 energy total cost i per kWh 1 Millstone #3 3,376,542 14,562 0.431 2 Seabrook 5,887,748 39,854 0,677 3 Stonybrook 9,674,918 1,088,121 11.247 4 Constellation 36,096,400 4,492,579 12.446 ' 5 NYPA 2,154,329 10,599 0.492 6 ISO Interchange 18,321,926 1,857,820 10.140 7 NEMA 0 -29,224 Coop 35,312 4,291 12.152 NYPA credit € 0 70,782 10 Stonybrook peaking 84,935 15,658 18.435 Total 75,631,710 7,565,042 10.002 Resid, fuel charge 26,603,668 2,663,025 NYPA credit 70,782 Net 2;590,243 Should be 2,500,761 Overcharge $89,482 10.002 0.266 RMILD credit only 0.266VkWh What's wrong with the RMLD calculation? 1 Final result of NYPA fuel is only 0.2661t instead of the proper 0.785 I kWh 2 Crass-subsidization from Residents to other classes Proper calculation shows fuel charge for others should be 10.185,0 while RMLD calculation has it at 10.002(t, a subsidy from Residential of $89,482. 3 The FERC decision re-authorizing the project power stated - " for the benefit of the people as consumers, particularly domestic and rural consumers, to whom such power shall be made available at the lowest rates reasonably possible" Sharing of the NYPA power with other customer classes does not make the NYPA power "available at the lowest rates reasonably passible." 2 List all power purchased, i.e., bills to be paid July'08 Power Purchased 1 Millstone #3 2 Seabrook 3 Stonybrook 4 Constellation 6 ISO Interchange 7 NEMA 8 Coop 10 Stonybrook peaking 5 NYPA Total kWh cost energy $ 3,376,542 14,562 5,887,748 39,854 9,674, 918 1,088,121 36,096,000 4,492,579 18, 321, 926 1,867,820 0 -29,224 35,312 4,291 84,935 15,658 2,154,329 10,599 75,631,710 7,494,260 3 Calculate fuel charge for pool customers (Remove dedicated NYPA) kWh cost cents energy $ per kWh 1 Millstone #3 3,376,542 14,562 0.431 2 Seabrook 5,887,748 39,854 0.677 3 Stonybrook 9,674,918 1,088,121 11.247 4 Constellation 36,096,000 4,492,579 12.446 6 ISO Interchange 18,321,926 1,857,820 10.140 7 NEMA 0 -29,224 8 Coop 35,312 4,291 12.152 10 Stonybrook peaking 84,935 15,658 18.435 Total 73,477,381 7,483,661 10.185 Fuel charge 10.185 cents f kWh 4a Calculate charge for NYPA power at Ts rate NYPA @ higher rate 2,154,329 219,418 10.185 4b Calculate charge for NYPA power at NYPA rate 5 NYPA 2,154,329 14,599 0.492 4c Calculate overcharge of 4a compered to 4b Phony overcharge 208,819 5 Calculate reduction that residents should receive because of 4's overcharge Corresponding credit for overcharge 248,819 6 kWh rate for the credit 26,603,668 208,819 0.785 cents / kWh Project No. 2216-066 -4.7 time during the, term of the license. If the Programmatic Agreement is tetxninated prior to Commission approval of the pIPMP, the licensee shall obtain approval from the Come nission and New York State Historic Preservation Officer, before engaging in any ground-disturbing activities or taking any other action that may affect any historic properties within the project's area of potential effect. Article 407. Allocation of'Prgjr ct. Power - Preference Provisions. In order to ass-are that at least: 50 per centum of the project power shall be available for sale and distribution primarily for the benefit of the people as consumers, paiticularly domestic and moral consi mers, to whom. such power shad be made available at the lowest rates reasonably possible and itn, such mantaer as to encourage the widest possible use, the licensee in disposing; of 50 percent of the project power shall give preference and priority to public bodies and anon-profit cooperatives within economic transinission distance. In any case in which project power sul3jcct to the preference provisions of this Article is sold to utility companies organized and administered for profit, the licensee shall make flexible arrangements and contracts providing for the withdrawal upon reasonable notice and fair terms of enough power to meet the reasonably foreseeable needs of the preference customers. Article 408. Allocation Qf Project.Power - .Neighboring- States. The licensee shall make a reasonable portion of the project power subject to the preference provisions of Article 407 available for use within reasonable economic transmission distance in neighboring Stages, defined herein as the State of Connecticut, Commonwealth of Massachusetts, State of New Jersey, State of Ohio, Commonwealth of Pennsylvania, Stage of Rhode Island, and State of Vermont, but this Article shall not be construed to require more than 20 per centum of the project power subject; to such preference provisions to be made available for use in such States. The licensee shall cooperate with. the appropriate agencies in such States to ensure compliance with this requirement. In the event of disagreement between the licensee and the power marketing agencies of any such States, the Federal Energy Regulatory Conunission may, after public hearings, _x t=..available an t e te:~taas EMA offers guidance z designated a bargaining tate, the licensee shall deal on.:comP1.ian.-ce programs v the licensee, for glca1 I''lie Federal Energy Regulatory iThe st:ateinent. identifies f:cyur; - "'1"he most vital cansiderat:ion Commission issued a..; olioY state- M this area is whether a company rnem Oct. 16 on compliance, with practices examines-its controls to determine its statutes; regulations, and orders ~ active ez' gagement.and.l.eader-~ if no'", or modified controls are that rovidrs >uitiari e 6.n 'What s r. 'rii., needed to prevent a recui renc; t hip by senior mankg' . FERC Chairman Joseph ii;Cellilaer roxastitiates rigorous <.rieriplianc..c systematic preventive measures said. prograrm.Tbe'new policy statement: . . supplem=ts.arx enforcement, policy. such as careful hiring, training, Companies that develop. t.. ec:, statement is which FERC said the accountability and supe'rvision t.ive cpxzplz 1a1ce j??cal;~' tn35 x?ay ~t.s.1i two most important: considerations that are effective in practice; ~o1nn~i~~'zolatic~tzs; ".~~ellria~~ aclrleE~: in the determihadon of a alt ~ fn.thavcase,.corxzpainies that iollo pmY effective controls to promptly the guidance we offer today can ex- amount would be the seriousness detect, cease and report viola- qf an offense and t;he streA th of a pest sigr-zificant penalty credits, pc:r- tions; and hops a #i..tll czz:dit, " Itottt ~i~:zrt, regulated entity's eorrixszKVI.ent: to remediation of the miscoxidtl.ct.. Compliance. THE COMMONWEALTH OF MASSACHUSETTS . T 7R OF THE TOVk,,'Nj OF MEADING MUNICIPAL LIGHT DEPARTMENT TO,nu DEPARTMENT OF TELECOMMUNICATIONSAND ENERGY OF MASSACHUSETTE3 FOR THE YEAR ENDED DECEMBER 1, , 2004 NaF»e of Officer to whom corresponduce siumid be addressed regarding this report, Vincent F. Cameron, Jr. Ut-ficial Title: General Manager Office address: 230 Asti Street Reading, MA. €J867 Form A;,- 1.9 Anl'iua! Report of the Town of Reading Municipal Light Department Year ended December 31, 2004 ~ MUNICIPAL REVENUES (Accounts 482,444) w~ ) (K.W.H. Sold under the Provision of Chapter 269, Acts of 192.7) Average Revenue per 1VI.C.F Line Acct Gas Schedule Cubic Feet Revenue Received [,0.0000) ~No. No. fa) (b) (c)) (d) i 2 3 I TOTAL S _Ine Electric Schedule .W.H. evenue Received Average Revenue per K.W,I-l. )'cents] ! [$0.0000) f Na......_...... (a) (Li) (c) (d) 3 ~ fG 8 9 444 Municipal. (Other than Street Lighting; 25,485 ,333 2,302,931.00 O 0904 i 10 I 1 12 12 1 Municipai Sveel Lighting 3,071,062 486,930.oo 0.1502 14 ! 15 16 i7 10 TOTALS 20,536,39& 2,79'l,6ti1.40 W. 0,09781 ( PURCHASED POWER (Account 555) J Gast per 1 Names of Utilities K.W.H. from which Electric Where and at What cents Line Energy is Purchased Voltage Received K.W-H, Amount [().O00o) Na. (a) fb) fC) (d) (e) f 20 MMWEC 163,293,734 16,699,'! 16.00 0.1.023 t1 21 !JorBlenst Utilities 263,112.0,000 10.544,90'L.00 0.0400 2_2 1SO-NE i 14,481,272_ 8,677,39().00 0.0758 S 23 PASNY Credit 0 78'1,13,'_.00 0.0000 24 Massachusetts rlectdr Co. 39,402 4,367.00 0.1113 25 Town cf Middleton '143,964 '12_,775.00 0.0887 27 CMEEC I EM', 1 SHORT T.r-. M 566,000 (45,859.04) (0.4819} 28 Caii}inc> 17'5,771;,200 6,'117,859.40 0,0348 29 I•IQ Phase 2 Companies fl 299,551.00 0.0000 30 TOTALS 7.17,794,573 43,091,252.00 0,0000 SALES FOR RESALE (Account 447) 1 Names of Utilities Where and at What Revenues 4i to Which Electric Voltage Received per K.W.i4. Energy is Sold K.W,H, Amount {gents) Line (a) (b) (C) (c) [0.0004 3 No. (e) It). EioMon Edison Co. Customer Premises 38.880 4,090.00 41052 31 lvns5achusetts Electric Co. Customer Premises 988,941 99,118.D0 U.f012 32 Town of Wakefield Customer Premises 524,176 89,853.00 4,1333 33 Town of Middleton Customer Premises 18, 38 1,872.00 0.1014 ;i4 35 36 37 38 39 TOTALS 77U,53S. 84,933.00 U. 1232 Year ended December it , 2004 !Annu9! Report of Town of Reading Municipal Light Department THIS RETURN tS SIGNED UNDER THE PENALTIES OF PERJURY 1141yor. Manager of Electric: l_rghl Vincent F, Cameron, ,Jr. • "C'h'a'i'rm'a'n i o Darl!el A, Ensminger Mombers Andrew K. Herlihy of the Municipal . EE!Fn C. ea n, Light Board Robert 1-1. Soli I., SIGNATURES OF ALCOVE PARTIES AFFIXED OUTSIDE THE COMMONWEALTH 01= MASSACHUSETTS MUST BE MYORN'TO ss Then pe'rscnalty apt7eared...,•...... and severally made oath to the truth of the foregoing statement by them subscribed according to their lest knowledge and belief. Notary Public or Justice of the T '1ce r Cw ® c M c to CL ® -a z > ® ~ ® > 0) U) Sa ZM~ ~.o M x ~ z Z IS U) LU o mom a9 N (D a1 a z z U- a) co CL' ca p o C: co E a) Co 1 0 6 ® LO ,41 ~erYM~p~ 1y d 0 Q 0 a) C: s a) _ 0 ~a © ~ :L / ~ nMR 1.6 OL ? 4 Z ~tlm LL L M E a) O M C3} W 0 3 U) ca s C9 O N Q O 6ilp ~ rLr AN s~0 M~7 ~w it _ q9 ..w. IIMpK~YI Q CD 0 4- ■ ~a Q~ Cl) L 0 -fro Q) ® cu E . 0 C- X m zs (D ta 0 0 ~ - 0 ® t~ ® Q3 ,U= .0 w ® . .ate 09 :v X50 QJ > 0) 4) Z tu 0 0 tt9 4) c 0 tA3 .9 Cl) C cl; CIO Q} Ana c > C13 Q? d ~ © ~ N ilk Q} tl~ ~ sV E _ Li® Q z O ~ c ~ U ry, z