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HomeMy WebLinkAbout2010-06-30 RMLD Board of Commissioners Minutes--&tart Time of Regular Session: End Time of Regular Session: Attendees: Commissioners: Mary Ellen O'Neill, Chairman Philip B. Pacino, Secretary Reading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 June 30, 2010 7:30 p.m. 9:39 p.m. Staff: Vinnie Cameron, General Manager Jeanne Foti, Executive Assistant Jane Parenteau, Energy Services Manager Selectmen Liaison: Michael Prisco, North Reading Board of Selectmen Richard Hahn, Vice Chair Robert Soli, Commissioner ,t 2010 JL 9 I: I I Jared Carpenter, Energy Efficiency Engineer Robert Fournier, Accounting/Business Manager Kevin Sullivan, E&O Manager Opening Remarks/Approval of Meeting Agenda Chairman O'Neill stated that Commissioner. Snyder will not be in attendance at the meeting this evening. Chairman O'Neill introduced and welcomed Mike Prisco, a new member of the Town of North Reading Board of Selectmen and liaison to the RMLD Board. Chairman O'Neill stated that there will be a change to the agenda, the Actuarial Valuation and the subsequent report from the RMLD Board of Commissioners Budget Committee will be postponed to the next RMLD Board meeting. [r. Pacino expressed his concern regarding a published report about a residential customer who was on life support 4ew Hampshire whose meter was shut off and the tragic consequences of that shutoff. Chairman O'Neill said `iaat this discussion will be addressed under the General Manager's Report. Quarterly Conservation Program Update - Mr. Carpenter (Attachment 1) Chairman O'Neill stated that Mr. Carpenter would be presenting the quarterly update on RMLD's energy conservation programs. Mr. Carpenter reported on the quarterly update on RMLD's energy conservation programs. Mr. Carpenter stated that there are two solar programs in process and explained the new online home energy program which captures data and is being tested on a few homes. Discussion followed. Mr. Carpenter updated the Board on the residential and commercial activities in the RMLD's Energy Conservation Program. Mr. Carpenter said that the RMLD is testing a Home Area Network with mixed results. Mr. Carpenter said that the software is problematic, therefore, he is not comfortable buying it at this time. Mr. Carpenter explained the dollar amounts that have been spent on the various energy conservation programs. Chairman O'Neill commented that in fiscal year 2011, for the residential customers, she would like the Department to re-examine how information gets to these customers. Chairman O'Neill would like the Time of Use rate get more publicity. Carpenter provided an update on the lighting project at the Reading YMCA in the pool area. Mr. Soli asked .at the payback timeline for this project is. Mr. Carpenter replied that it is less than three years. Discussion followed. June 30, 2010 Approval of May 26, 2010Board Minutes Mr. Pacino made a motion seconded by Mr. Hahn to approve the Regular Session meeting minutes of May 26, 2010 with the change presented by Mr. Hahn to change demoralization on page 4 to memorialization. Motion carried 4:0:0. Report from RMLD Board Committees Chairman O'Neill reported that the Cost of Service Study is complete and ready for distribution. A Power & Rate Committee meeting will be required on the Study before the next Board meeting. Chairman O'Neill stated that the behind the metering policy needs to be addressed at a Power & Rate Committee meeting as well as the renewable energy project. Chairman O'Neill stated that the General Manager Committee needs to meet next month. General Manager's Report - Mr. Cameron Mr. Cameron reported that Family Day in Reading was on June 19, Mr. Carpenter and Ms. Hanifan represented the RMLD. This event was well attended. Mr. Cameron said that the Twenty Year Agreement Extension is complete with all four towns having signed off on the memorialization. Mr. Cameron stated that the Cost of Service Study has been given to the Citizens' Advisory Board in addition to the RMLD Board. Commonwealth of Massachusetts Department of Environmental Protection - Consent Order Causeway Road Mr. Cameron stated that the RMLD came to an agreement with the Massachusetts Department of Environmental Protection (MADEP) with an Administrative Consent Order with penalty. This had to do with the PCB's at the Gaw substation. The RMLD was taking its direction from both the MADEP and the EPA on how to move the soil, with restriction on levels and how the soil was to be removed. The MADEP fined the RMLD $11,485 for certain things the RMLD should have tested upfront. Mr. Cameron stated that during his twenty two years at RMLD there has not been an incidence of a release at that substation. Back in the seventies, there had been a release thus that was part of the reason for the fine. The other reason for the fine is the RMLD had to remove the soil within a one hundred twenty day period after the RMLD had found it was contaminated which happened in late August. When the soil was removed, the DEP said that the RMLD should have filed a release abatement measure with the DEP. The RMLD not realizing this thought it just had to get rid of the soil. The DEP said the RMLD should have obtained an extension and was subsequently fined. Mr. Cameron said that the RMLD is only responsible for $3,000. On another matter, Chairman O'Neill stated that the RMLD will be doing a presentation to the FinCom. Mr. Cameron said that Mr. Pacino had pointed out at the last meeting based on the charter and RMLD policy, the RMLD needs to present its budget annually to the FinCom. Mr. Cameron said that the presentation will take place in September. The pro forma fiscal year 2010 financial statements will be available for that meeting, but not the audited financials. On another matter, Mr. Pacino said that in New Hampshire, National Grid turned off power on a customer on life support and is concerned about the RMLD having an active database to identify such customers. Mr. Pacino said that customers in this situation should be sure to inform the Department of their status. Mr. Cameron responded to Mr. Pacino's concerns by stating that the RMLD goes to large measures, many phone calls and mailings before a shut off is performed. The RMLD also has a database of customers with medical concerns and this will be updated soon. Discussion followed. Mr. Pacino asked the public to let the RMLD know if a life support situation exists. Mr. Fournier said that the medical notice period for someone who has a chronic medical condition is one hundred twenty days. The DPU recognizes that even if someone has a medical condition, the customer needs to pay their bills. Financial Report - May, 2010- Mr. Fournier (Attachment 2) Mr. Fournier reported that for the month of May, the full financial impact of the Gaw substation is ongoing. The results are positive year to date. The change in net income or the change in net assets was negative $358,000 decreasing the year to date net income for the first eleven months to $2.8 million. The budgeted net income for this period was $2.3 million resulting in net income being over budget by $500,000 or 21%. June 30, 2010 Financial Report - May, 2010- Mr. Fournier (Attachment 2) Mr. Fournier reported that fuel revenues exceeded fuel expenses, year to date energy conservation revenues seeded energy conservation expenses by $161,000, the Gaw soil remediation expenses were $700,000, the base enues were over budget by $125,000, actual base revenues were $35.6 million compared to the reforcasted eanount of $35.5 million, purchased power base expense was $500,000, actual purchased power base costs were $25.2 million compared to the budgeted amount of $24.7 million, the Operating and Maintenance (O&M) expenses combined were over budget by $500,000, and that actual O&M is $10 million compared to the budgeted amount of 9.5 million. The overage of $500,000 in the actual O&M is due to the Gaw soil remediation expense. Mr. Fournier noted that the Operating Fund balance is at $5.8 million, Capital Funds balance is at $5.5 million, Rate Stabilization Fund balance is at $5.3 million, the Deferred Fuel Fund balance is at $4.0 million and the Energy Conservation balance is at $366,000. Depreciation expense and voluntary payments to the Towns were on budget. The kWh sales lag behind last year's figure by 18.8 million kWh. Mr. Fournier reported that he just ran the June figures comparing this year to last year's 52 million kWh last year versus 59 kWh this year are mainly due to the weather. Cumulatively, the five divisions were over budget by $464,000 or 3% Discussion followed. Mr. Soli asked Mr. Cameron to confirm again that one hundred percent of the benefit from the New York Power Authority power is go to residential customers. Mr. Cameron replied affirmatively. Power Supply Report - May, 2010- Ms. Parenteau (Attachment 3) Ms. Parenteau reported on the Power Supply Report for May. The RMLD's load for May 2010 was 59 million kWh which is a 6.8% increase compared to May 2009. Energy costs were $3.0 million which is equivalent to 5.15¢ per kWh. The May Fuel Charge Adjustment was 5.15¢ per kWh. The kilowatt hour sales were 52.6 million and as a sult of that differential the RMLD undercollected by $350,000 resulting in a Deferred Cash Fuel Reserve of $3.6 -~tlion. Ms. Parenteau said that the Department is trying to forecast with the Fuel Charge and is trying to estimate the fiscal year 2010 accrual because it has an affect on the Deferred Fuel Cash Reserve. It is difficult to do until the end of July because that is when the real numbers are in. Ms. Parenteau looked at last year's accrual and took the average of that number towards the revenues collected for fuel charge and uses that percentage for the calculation. Based on this preliminary projection the preliminary Deferred Fuel Cash Reserve after the accrual will be in the $2.5 million to $2.9 million range. The Fuel Charge for July is going to be increased $.0025 for July. It is anticipated that this will be lower than the actual cost therefore it will decrease the Deferred Fuel Cash Reserve. Ms. Parenteau then reviewed various Power Supply results for May 2010. Mr. Soli asked why the ISO Interchange is negative costs. Ms. Parenteau explained that costs include prior month's adjustments in addition to the current monthly costs. Engineering and Operations Report - May, 2010 - Mr. Sullivan (Attachment 4) Gaw Update Mr. Sullivan said that last month Mr. Soli had a comment on the Gaw chart and his enclosed memo responds to that comment. Mr. Sullivan explained the charts show a difference of just over $1million. Mr. Sullivan reported that the Gaw project is up $39,000 which is RMLD labor. Mr. Sullivan reported on the scheduled milestones: major equipment procurement, construction contractor, construction switchgear update and tangible milestones: switchgear update. The Gaw project should be complete in September. Mr. Sullivan reported relative to the Gaw soil remediation, on June 16, the RMLD received from the US EPA an -)proval letter to begin remediation measures at Gaw. On June 17, a meeting was held with the contractors, -~nsed Site Professional (LSP) and Reading Conservation Commission administrator Fran Fink. The transport of Ibegan that afternoon and expects remediation to last four to six weeks. Discussion followed. June 30, 2010 Engineering and Operations Report - May, 2010 - Mr. Sullivan (Attachment 4) Gaw Update Mr. Sullivan reported on Project 9 - Reading Center - Main Street and Project 10 - Reading Center - Haven Street is complete. Mr. Sullivan said that capital projects upgrade projects 22, 6, 7, and 8 have been worked on in the last month. Residential service installations there have been 35 to 40. Routine cutouts there have been 28 completed with a total of 640 for 114% of the planned replacements. The CAIDI increased 2.5 minutes from April to May from 36.6 minutes to 39.13 minutes, monthly rolling average increased 1.5 minutes for the same period, from 44.29 minutes to, 45.56 minutes. The SAIFI increased .69 to .72 incidents for the rolling average. For the month it went from .42 per customer to .72 per customer. MBTI went from 17.39 months to 16.67 months. For the month there were 110 calls, 31 outage incidents, 1,646 customers affected. Outage Types: feeder outages: 1, area outages: 26, and service outages: 4: Causes of outage: tree conditions: total of 10, (primary 6,and secondary 4), animal: 9, unknown: 3 (2 blown fuse, and 1 tripped CSP), broken cutout: 1, faulted transformer: 3, faulted lightning arrestor: 2, lightning damage: 1 (phases down) and broken neutral: 1. Chairman O'Neill asked if it is better to benchmark against where you want to be. Mr. Sullivan commented that if RMLD's numbers are better than the APPA survey he just received today that it behooves the RMLD to benchmark against itself. Chairman O'Neill asked if the RMLD's distribution transformers have any PCB's. Mr. Sullivan responded in the negative. Discussion followed. M.G.L. Chapter 30B Bids (Attachment 5) 2010-15 Bucket Trucks Chairman O'Neill asked if this is coming from the fiscal year 2011 budget. Mr. Cameron replied in the affirmative. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2010-15 for One (1) 40 Ft. Bucket Truck and One (1) 45 Ft. Bucket Truck be awarded to James A. Kiley Company for $350,219.00 as the lowest qualified and responsive bidder on the recommendation of the General Manager. Discussion followed. Motion carried 4:0:0. 2010-20 - 35KV CU Shielded Cable Mr. Sullivan explained that this bid is to replenish cable for inventory, which has a long lead time that is used under Route 93. Mr. Pacino made a disclosure that one of his clients has business dealings with Arthur Hurley Company, therefore he will not vote on this bid. 2010-20 - 35KV CU Shielded Cable Mr. Pacino made a motion seconded by Mr. Hahn that bid 2010-20 for 35 kV CU Shield Power Cable be awarded to Arthur Hurley Company for a total cost not to exceed of $35,610.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 3:0:1. Mr. Pacino abstained. General Discussion Chairman O'Neill said that relative to the budget process, she would like to see a group get together in September or October to have discussion on the budget process. The Budget Committee will undertake this effort in the fall. Chairman O'Neill said that the Pension Trust needs to be addressed in July because it was not ready for this meeting. There will be a tour of the Wildwood Substation prior to the August 25 meeting. Mr. Hahn stated that his availability for a Power Rate Committee for July is 14, 15, 19 and 22. Mr. Hahn is unsure if he can make the meeting on July 28. Mr. Hahn said that he is happy to see that Peabody is higher than the RMLD. Mr. Prisco said that he would like to speak with Mr. Carpenter about energy conservation measures. iwSUL u O 331vu iviccuus W1111ULca June 30, 2010 BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED (Attachment 6) Rate Comparisons, June 2010 -Mail responses to Account Payable/Payroll Questions 'Executive Session At 9:00 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to discuss Chapter 164 Section 47D, exemption from public records and open meeting requirements in certain instances, to discuss the deployment of security devices, and return to Regular Session for the release of Executive Session minutes and adjournment. Motion carried by a polling of the Board 4:0:0. Mr. Soli, Aye; Chairman O'Neill, Aye; Mr. Pacino; Aye and Mr. Hahn, Aye. The Board re-entered Regular Session at 9:37 p.m. Release of Executive Session Minutes Mr. Pacino made a motion seconded by Mr. Hahn that the Reading Municipal Light Department Board of Commissioners approve the release of the Executive Session meeting minutes of March 26, 2008, November 25, 2008, January 28, 2009, February 25, 2009, March 25, 2009, April 28, 2009, June 24, 2009, July 29, 2009, August 26, 2009, September 30, 2009, October 28, 2009, December 16, 2009. Motion carried 4:0:0. Adjournment At 9:39 p.m. Mr. Pacino made a motion seconded by Mr. Hahn to adjourn the Regular Session. Motion carried 4:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Philip B. 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Cl a 0 M O C v N S UJ U :o a 0 <'9 O o ~ U Ct bA' 7~ ~c 4-4 o ~ ct..~C o ~3 ra r'~ ('Y R r P EE ry , 1~ O ~ ~ o ~ U ~ a W W 4-j A, U ct r-' N • c~ ~ ~O CIS V) Cld O O 'C6 N O ct • app bA j ct N O O U N 0 M 'm ..4 bj) 0 O N N W O cn Q o m a~ 0 0 9 CIZ3 CC3 c O cl- • N ct Q ~ U 0 ~ O O a3 U a? ct3 O U ct3 v N lc~ PLO ct3 N ~ U ct3 t4 ~ O ~ O r-..4 ct3 W~ ~ O o W r-, ~ U Cfs Q O ~ U O ct U 00 to r_l O U 5 • "Eno •F* W PC a~ 0 U 4) • O ~ U U U ~ O , , by ct N N ~ N CC3 p CA .--l ~ N N O U . ct N 4 c N 4-1 cis O 4-4 N ct O c(s Cl\ Dt: June 24, 2010 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier S j : May 31, 2010 Report The results for the first eleven months ending May 31, 2010, for the fiscal year 2010 will be summarized in the following paragraphs. Overall, the year to date results are positive. The full financial impact of the GAW Substation incident is ongoing. 1) Change in Net Assets or Net Income: (Page 3A) For the month of May, net loss or the negative change in net assets was $358,436 decreasing the year to date net income for the first eleven months to $2,828,988. The budgeted net income for this period was $2,336,265, resulting in net income being over budget by $492,723, or 21.09%. Fuel revenues exceeded fuel expenses by $2,380,977. In addition, year to date energy conservation revenues exceeded energy conservation expenses by $160,690. GAW soil remediation expenses total $682,560. The budget variance reports reflect the reforcasted amounts of using six month actual figures (July thru December) and budgeted amounts (January thru June) except for the revised revenue projections for January thru June. 2) Revenues: (Page 11B) Base revenues were over budget by $126,260 or.36%. Actual base revenues were $35.6 million compared to the reforcasted amount $35.5. Expenses: (Page 12A) *Purchased power base expense was $501,994 or 2.0% over budget. Actual purchased power base costs were $25.2 million compared to the budgeted amount of $24.7 million. *Operating and Maintenance (O&M) expenses combined were over budget by $476,028 or 4.99%. Actual O&M expenses were $10.0 million compared to the budgeted amount of $9.5 million. The major expense that was over budget is maintenance of line transformers ($542,997). "Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund balance was at $7,827,466. *Capital Funds balance was at $5,794,642. "Rate Stabilization Fund balance was at $5,313,287. *Deferred Fuel Fund balance was at $3,638,774. "Energy Conservation balance was at $351,404. 5) General Information: Kwh sales (Page 5) lag behind last year's figure by 18.8 million kwh or 2.93%. 6) Budget Variance: Cumulatively, the five divisions were over budget by $464,063 or 2.9%. N y TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 5/31/10 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 6,307,127.52 7,830,465.87 RESTRICTED CASH (SCH A P.9) 14,842,386.49 15,762,877.42 RESTRICTED INVESTMENTS (SCH A P.9) 4,400,000.00 4,400,000.00 RECEIVABLES, NET (SCH B P.10) 8,180,579.42 7,622,159.99 PREPAID EXPENSES (SCH B P.10) 1,023,808.42 870,081.82 INVENTORY 1,499,610.73 1,520,660.50 TOTAL CURRENT ASSETS 36,253,512.58 38,006,245.60 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 122,391.17 97,690.11 CAPITAL ASSETS, NET (SCH C P.2) 64,304,291.11 65,645,350.23 OTHER ASSETS (SCH C P.2) 16,313.90 14,523.70 TOTAL NONCURRENT ASSETS 64,442,996.18 65,757,564.04 TOTAL ASSETS 100,696,508.76 103,763,809.64 LIABILITIES CURRENT ` ACCOUNTS PAYABLE 5,168,391.64 8,254,013.94 CUSTOMER DEPOSITS 499,206.10 500,252.93 CUSTOMER ADVANCES FOR CONSTRUCTION 712,594.28 313,586.41 ACCRUED LIABILITIES 431,983.23 954,137.54 CURRENT PORTION OF BONDS PAYABLE 550,000.00 0.00 TOTAL CURRENT LIABILITIES 7,362,175.25 10,021,990.82 NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION 0.00 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,682,217.58 2,873,114.33 TOTAL NONCURRENT LIABILITIES 2,682,217.58 2,873,114.33 TOTAL LIABILITIES 10,044,392.83 12,895,105.15 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 63,754,291.11 65,645,350.23 RESTRICTED FOR DEPRECIATION FUND (P.9) 4,789,035.24 5,794,641.85 UNRESTRICTED 22,108,789.58 19,428,712.41 TOTAL NET ASSETS (P.3) 90,652,115.93 90,868,704.49 TOTAL LIABILITIES AND NET ASSETS 100,696,508.76 103,763,809.64 (1) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 5/31/10 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE C PREVIOUS YEAR 46,153.24 76,237.93 122,391.17 CURRENT YEAR 36,244.74 61,445.37 97,690.11 SCHEDULE OF CAPITAL ASSETS STRUCTURES AND IMPROVEMENTS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL UTILITY PLANT 1,265,842.23 7,292,476.32 11,923,689.69 43,822,282.87 64,304,291.11 1,265,842.23 7,005,719.88 13,122,544.39 44,251,243.73 65,645,350.23 SCHEDULE OF OTHER ASSETS PURCHASED POWER WORKING CAPITAL UNAMORTIZED DEBT EXPENSE TOTAL OTHER ASSETS TOTAL NONCURRENT ASSETS 14,523.70 1,790.20 16,313.90 64,442,996.18 14,523.70 0.00 65,757,564.04 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT - BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 5/31/10 MONTH MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: (SCH D P.11) BASE REVENUE 3,001,097.25 2,970,593.99 35,859,900.79 35,613,824.49 -0.69% FUEL REVENUE 3,071,233.28 2,702,442.95 50,632,474.29 39,136,962.26 -22.70% PURCHASED POWER CAPACITY 42,855.35 529,410.04 2,396,706.33 4,244,356.62 77.09% FORFEITED DISCOUNTS 67,969.78 61,963.02 790,942.65 789,974.97 -0.12% ENERGY CONSERVATION REVENUE 42,808.95 43,210.50 355,744.41 502,209.70 41.17% PASNY CREDIT (87,525.60) (29,674.82) (1,347,185.11) (481,597.59) -64.25% TOTAL OPERATING REVENUES 6,138,439.01 6,277,945.68 88,688,583.36 79,805,730.45 -10.02% OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE 2,251,494.42 2,198,144.27 23,813,971.71 25,226,774.99 5.93% PURCHASED POWER FUEL 3,152,914.33 3,058,960.72 47,381,842.76 36,755,984.99 -22.43% OPERATING 640,695.30 645 914.73 7,238,298.52 7,378,118.00 1.939. MAINTENANCE 179,434.90 255,518.06 2,076,492.65 2,628,815.48 26.60% DEPRECIATION 261,200.00 280,105.78 2,873,200.00 3,081,163.58 7.24% VOLUNTARY PAYMENTS TO TOWNS 100,750.00 104-,500.00 1,084,981.00 1,149,246.00 5.92% TOTAL OPERATING EXPENSES 6,586,488.95 6,543,143.56 84,468,786.64 76,220,103.04 -9.77% OPERATING INCOME (448,049.94) (265,197.88) 4,219,796.72 3,585,627.41 -15.03% )PERATING REVENUES (EXPENSES) ITRIBUTIONS IN AID OF CONST 1,164.00 82,767.68 247,027.96 842,848.75 241.20% :TURN ON INVESTMENT TO READING (176,060.33) (182,222.50) (1,936,664.65) (2,004,447.50) 3.50% INTEREST INCOME 56,513.13 2,546.33 378,978.18 160,403.38 -57.67% INTEREST EXPENSE (3,850.08) (1,257.14) (43,017.32) (19;562.31) -54.52% OTHER (MDSE AND AMORT) 1,380.81 4,927.74 162,966.35 264,118.64 62.07% TOTAL NONOPERATING REV (EXP) (120,852.47) (93,237.89) (1,190,709.48) (756,639.04) -36.45% CHANGE IN NET ASSETS (568,902.41) (358,435.77) 3,029,087.24 2,828,988.37 -6.61% NET ASSETS AT BEGINNING OF YEAR 87,623,028.69 88,039,716.12 0.48% NET ASSETS AT END OF MAY 90,652,115.93 90,868,704.49 0.24% (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 5/31/10 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MAY * ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL / 6 MONTHS BUDGET ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE 35,613,824.49 35,487,564.00 126,260.49 0.36% 39,136,962.26 38,983,334.00 153,628.26 0.39% 4,244,356.62 4,232,993.00 11,363.62 0.27% 789,974.97 772,654.00 17,320.97 2.24% 502,209.70 511,447.00 (9,237.30) -1.81% (481,597.59) (210,225.00) (271,372.59) 100.00% 79,805,730.45 79,777,767.00 27,963.45 0.04% 25,226,774.99 24,724,781.00 501,993.99 2.03% 36,755,984.99 37,963,223.68 (1,207,238.69) -3.18% 7,378,118.00 7,541,006.44 (162,888.44) -2.16% 2,628,815.48 1,989,898.64 638,916.84 32.11% 3,081,163.58 3,093,134.68 (11,971.10) -0.39% 1,149,246.00 1.149,246.00 0.00 0.00% 76,220,103.04 76,461,290.44 (241,187.40) -0.32% 3,585,627.41 3,316,476.56 269,150.85 8.12% 842,848.75 610,356.00 232,492.75 38.09% (2,004,447.50) (2,004,460.00) 12.50 0.00% 16b,403.38 274,075.00 (113,671.62) -41.47% (19,562.31) (19,540.00) (22.31) 0.11% 264,118.64 159,358.00 104,760.64 65.74% (756,639.04) (980,211.00) 223,571.96 -22.81% 2,828,988.37 2,336,265.56 492,722.81 21.09% 88,039,716.12 88,039,716.12 0.00 0.00% 90,868,704.49 90,375,981.68 492,722.81 0.55% r (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 5/31/10 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/09 CONSTRUCTION FUND BALANCE 7/1/09 INTEREST ON DEPRECIATION FUND FY 10 DEPRECIATION TRANSFER FY 10 FORCED ACCOUNTS REIMBURSEMENT GAW SUBSTATION (FY 10) TOTAL SOURCE OF CAPITAL FUNDS USE OF CAPITAL FUNDS: PAID ADDITIONS TO PLANT THRU MAY PAID ADDITIONS TO GAW THRU MAY TOTAL USE OF CAPITAL FUNDS GENERAL LEDGER CAPITAL FUNDS BALANCE 5/31/10 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL 2,906,287.85 1,163,136.00 4,403,129.56 1,000,000.00 20,115.33 3,081,163.58 196,521.23 1,163,136.00 9,864,065.70 4,069,423.85 5,794,641.85 1,163,136.00 3,136,764.00 1,895,975.00 6,195,875.00 (4) SALES OF ELECTRICITY: RESIDENTIAL SALES COMM. AND INDUSTRIAL SALES PRIVATE STREET LIGHTING TOTAL PRIVATE CONSUMERS MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS TOTAL MUNICIPAL CONSUMERS SALES FOR RESALE SCHOOL TOTAL KILOWATT HOURS SOLD TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 5/31/10 MONTH MONTH LAST YEAR LAST YEAR CURRENT YEAR TO DATE 16,994,421 17,019,117 228,277,177 32,620,422 33,088,692 387,196,960 71,309 70,898 783,135 CURRENT YEAR YTD % TO DATE CHANGE 226,083,307 -0.96% 369,799,146 -4.49% 781,191 -0.25% 596,663,644 -3.18% 239,323 238,853 2,645,889 2,613,243 -1.23% 768,825 753,230 10,938,372 9,080,537 -16.98% 1,008,148 992,083 13,584,261 11,693,780 -13.92% 211,849 236,376 3,047,048 2,975,540 -2.35% 1,154,929 1,181,759 10,721,137 13,442,564 25.38% 52,061,078 52,588,925 643,609,718 624,775,528 -2.93% (5) TOWN OF READING, MASSACHUSETTS MUNI CIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 5/31/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 17,019,117 5,391,589 2,308,985 4,203,878 5,114,665 COMM & IND 33,088,692 4,100,639 246,287 4,883,750 23,858,016 PVT ST LIGHTS 70,898 13,867 1,360 20,878 34,793 PUB ST LIGHTS 238,853 80,436 32,589 39,657 86,171 MUNI BLDGS 753,230 194,243 126,216 139,602 293,169 SALES/RESALE 236,376 236,376 0 0 0 SCHOOL 1,181,759 426,969 243,107 160,520 351,163 TOTAL 52,588,925 10,444,119 2,958,544 9,448,285 29,737,977 YEAR TO DATE RESIDENTIAL 226,083,307 71,212,463 31,638,905 52,539,106 70,692,833 COMM & IND 369,799,146 45,938,025 2,971,937 57,876,589 263,012,595 PVT ST LIGHTS 781,191 153,349 14,960 230,442 382,440 PUB ST LIGHTS 2,613,243 868,631 360,837 436,638 947,137 14MI BLDGS 9,080,537 2,447,331 1,521,472 1,714,961 3,396,773 SALES/RESALE 2,975,540 2,975,540 0 0 0 SCHOOL 13,442,564 4,899,631 2,734,839 1,750,760 4,057,334 TOTAL 624,775,528 128,494,970 39,242,950 114,548,496 342,489,112 LAST YEAR TO DATE RESIDENTIAL 228,277,177 72,484,699 31,901,383 53,229,093 70,662,002 COMM & IND 398,135,332 51,705,535 5,192,750 69,502,503 271,734,544 PVT ST LIGHTS 783,135 151,849 15,000 238,235 378,051 PUB ST LIGHTS 2,645,889 902,557 361,421 435,856 946,055 SALES/RESALE 3,047,048 3,047,048 0 0 0 SCHOOL 10,721,137 4,029,053 2,101,569 1,339,800 3,250,715 - TOTAL 643,609,718 132,320,741 39,572,123 124,745,487 346,971,367 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 32.36% 10.25% 4.39% 7.99% 9.73% COMM & IND 62.92% 7.80% 0.47% 9.29% 45.36% PVT ST LIGHTS 0.13% 0.03% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.45% 0.15% 0.06% 0.08% 0.16% MUNI BLDGS 1.43% 0.37% 0.24% 0.27% 0.55% SALES/RESALE 0.45% 0.45% 0.00% 0.00% 0.00% SCHOOL 2.25% 0.81% 0.46% 0.31% 0.67% TOTAL 100.009'. 19.86% 5.62% 17.98% 56.54% YEAR TO DATE RESIDENTIAL 36.18% 11.40% 5.06% 8.41% 11.31% COMM & IND 59.19% 7.35% 0.48% 9.26% 42.10% PVT ST LIGHTS 0.13% 0.02% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.42% 0.14% 0.06% 0.07% 0.15% NMI BLDGS 1.45% 0.39% 0.24% 0.27% 0.55% SALES/RESALE 0.48% 0.48% 0.00% 0.00% 0.00% SCHOOL 2.15% 0.78% 0.44% 0.28% 0.65% TOTAL 100.00% 20.56% 6.28% 18.33% 54.83% LAST YEAR TO DATE RESIDENTIAL 35.47% 11.26% 4.96% 8.27% 10.98% COMM & IND 61.86% 8.03% 0.81% 10.80% 42.22% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% SALES/RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 1.67% 0.63% 0.33% 0.21% 0.50% TOTAL 100.00% 20.55% 6.16% 19.39% 53.90% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 5/31/10 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) 79,805,730.45 119,936.60 2,030.28 (76,220,103.04) (4,445.77) (15,116.54) 3,688,031.98 (7) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 5/31/10 , 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 MAY 2009 52,061,078 52,299,253 0.040715 0.056930 0.097730 0.115315 3,071,233.28 66.74% 113,508 MONTH OF % CHANGE YEAR THRU MAY 2010 2009 2010 MAY 2009 MAY 2010 52,588,925 -2.25% -2.93% 643,609,718 624,775,528 59,563,301 -2.96% -1.66% 659,933,256 649,003,520 0.036904 21.91% 7.72% 0.036085 0.038870 0.056487 5.85% 2.31% 0.055717 0.057003 0.088261 19.60% -11.47% 0.107883 0.095505 0.107875 2.18% -10.97% 0.134386 0.119644 2,702,442.95 29.95% -22.70% 50,632,474.29 39,136,962.26 54.08% 150,886 (8) 0 > 0 o > V ~ VJ `Wh VJ V! cz 4-- I O L AAA Ol adV 0l aHw Ol Nbr 60030 60 AON 60100 60 d3S 60 E)nv 60 -inr 60 Nflr 60 AVIV 60 adV 60 UVIN 60 e3d 60 NHr N 80 030 80 AON 80 100 80 d3S 80 E)nv 80 -inr V 90 Nnr 80 AVIV 80 adV ao adw 80 e3d 80 NVr LO 034 Lo AON Lo 100 Lo d3S Lo end LO -inr Lo Nnr LO AVA ~ - O C O r,- - L O d ' N r ~ - ~ - O O O O O O O O O O O O O O -G a t pll- 6 9- t a 6 a t o t a 6 9- TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 5/31/10 SCHEDULE A PREVIOUS YEAR CURRENT YEAR UNRESTRICTED CASH CASH - OPERATING FUND 6,304,127.52 7,827,465.87 CASH - PETTY CASH 3,000.00 3,000.00 TOTAL UNRESTRICTED CASH 6,307,127.52 7,830,465.87 RESTRICTED CASH CASH - DEPRECIATION FUND 4,789,035.24 5,794,641.85 CASH - TOWN PAYMENT 1,384,000.00 1,433,625.00 CASH - BOND PAYMENTS, 532,400.00 0.00 CASH - DEFERRED FUEL RESERVE 2,808,777.12 3,638,773.93 CASH - RATE STABILIZATION FUND 3,334,493.03 2,413,286.73 CASH - UNCOLLECTIBLE ACCTS RESERVE 28,988.15 28,988.15 CASH - SICK LEAVE BENEFITS 1,280,235.13 1,416,652.68 CASH - INSURANCE RESERVE 35,251.72 35,251.72 CASH - HAZARD WASTE RESERVE 150,000.00 150,000.00 CASH - CUSTOMER DEPOSITS 499,206.10 500,252.93 CASH - ENERGY CONSERVATION 0.00 351,404.43 TOTAL RESTRICTED CASH 14,842,386.49 15,762,877.42 RESTRICTED INVESTMENTS RATE STABILIZATION * 2,900,000.00 2,900,000.00 SICK LEAVE BENEFITS 1,500,000.00 1,500,000.00 TOTAL RESTRICTED INVESTMENTS 4,400,000.00 4,400,000.00 TOTAL CASH BALANCE 25,549,514.01 27,993,343.29 MAY 2009 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 05/08/08; INT 4.00%; MATURITY 11/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 01/17/08; INT 4.25%; MATURITY 07/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 01/25/08; INT 4.25%; MATURITY 01/15/15 FED HOME LOAN MTG CORP 500,000.00; DTD 11/13/07; INT 5.25%; MATURITY 11/13/17 MAY 2010 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 07/02/09; INT 3.25%; MATURITY 07/15/14 FED HOME LOAN MTG CORP 11500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 06101109; INT 3.70%; MATURITY 06111116 FED NATIONAL MTG ASSN 500,000.00; DTD 05/07/09; INT 3.00%; MATURITY 05/15/15 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 5/31/10 SCHEDULE B PREVIOUS YEAR SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 3,392,961.25 ACCOUNTS RECEIVABLE - OTHER 266,673.99 ACCOUNTS RECEIVABLE - LIENS 131,356.33 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 SALES DISCOUNT LIABILITY (203,976.80) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (169,864.26) TOTAL ACCOUNTS RECEIVABLE BILLED 3,418,217.67 UNBILLED ACCOUNTS RECEIVABLE 4,762,361.75 TOTAL ACCOUNTS RECEIVABLE, NET 8,180,579.42 SCHEDULE OF PREPAYMENTS CURRENT YEAR 3,675,586.75 108,689.87 132,603.97 1,067.16 (275,327.28) (193,405.06) 3,449,215.41 4,172,944.58 7,622,159.99 PREPAID INSURANCE 496,828.72 508,047.31 PREPAYMENT PURCHASED POWER 195,652.99 (20,482.36) PREPAYMENT PASNY 331,326.71 256,672.66 PREPAYMENT WATSON 0.00 125,844.21 TOTAL PREPAYMENT 1,023,808.42 ACCOUNTS RECEIVABLE AGING MAY 2010: 870,081.82 RESIDENTIAL AND COMMERCIAL 3,675,586.75 LESS: SALES DISCOUNT LIABILITY (275,327.28) GENERAL LEDGER BALANCE 3,400,259.47 CURRENT 2,775,676.31 81.63% 30 DAYS 378,977.74 11.15% 60 DAYS 113,137.72 3.33% 90 DAYS 43,008.18 1.26% OVER 90 DAYS 89,459.52 2.63% TOTAL 3,400,259.47 100.00% (10) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 5/31/10 SCHEDULE D SALES OF ELECTRICITY: MONTH LAST YEAR MONTH LAST YEAR CURRENT YEAR YTD CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,190,703.76 2,039,341.17 33,298,396.14 29,699,606.89 -10 81% COMM AND INDUSTRIAL SALES 3,574,662.83 3,332,727.85 49,067,566.77 41, 298, 057 .37 . -15 83% PRIVATE STREET LIGHTING 10,135.70 9,539.52 125,286.48 113,713.17 . -9.249, TOTAL PRIVATE CONSUMERS 5,775,502.29 5,381,608.54 82 491 249 39 71 111 377 43 , , . , , . -13.80% MUNICIPAL SALES: STREET LIGHTING 45,593.61 43,507.50 549,883.32 506,270.53 -7 93% MUNICIPAL BUILDINGS 90,808.09 83,206.28 1,618,705.02 1,093,457.37 . -32.45% TOTAL MUNICIPAL CONSUMERS 136,401.70 126,713.78 2 168 588 34 1 599 727 90 2 , , . , , . - 6.23% SALES FOR RESALE 25,774.09 26,753.93 440,214.46 371,578.72 -15.59% SCHOOL 134,652.45 137,960.69 1,392,322.89 1,668,102.70 19.81% SUB-TOTAL 6,072,330.53 5,673,036.94 86,492,375.08 74,750,786.75 -13.58% FO, TED DISCOUNTS 67,969.78 61,963.02 790,942.65 789,974.97 -0.12% PURCHASED POWER CAPACITY 42,855.35 529,410.04 2,396,706.33 4,244,356.62 77.09% ENERGY CONSERVATION - RESIDENTIAL 8,503.53 8,472.37 77,371.66 113,058.57 46 12% ENERGY CONSERVATION - COMMERCIAL 34,305.42 34,738.13 278,372.75 389,151.13 . 39.79% PASNY CREDIT (87,525.60) (29,674.82) (1,347,185.11) (481,597.59) -64.25% TOTAL REVENUE 6,138,439.01 6,277,945.68 88,688,583.36 79,805,730.45 -10.02% (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 5/31/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 2,039,341.17 651,786.70 276,928.92 504,576.63 606,048.92 INDUS/MUNI BLDG 3,415,934.13 454,341.65 41,075.77 522,032.79 2,398,483.92 PUB.ST.LIGHTS 43,507.50 15,270.91 5,284.91 7,155.30 15,796.38 PRV.ST.LIGHTS 9,539.52 1,815.53 182.37 2,946.53 4,595.09 CO-OP RESALE 26,753.93 26,753.93 0.00 0.00 0.00 SCHOOL 137,960.69 49,625.98 28,160.24 19,305.94 40,868.53 TOTAL 5,673,036.94 1,199,594.70 351,632.21 1,056,017.19 3,065,792.84 THIS YEAR TO DATE RESIDENTIAL 29,699,606.89 9,379,376.69 4,143,147.36 6,904,722.69 9,272,360.15 INDUS/NUNS BLDG 42,391,514.75 5,670,967.30 532,889.66 6,784,225.81 29,403,431.97 PUB.ST.LIGHTS 506,270.53 175,663.95 62,470.01 83,903.06 184,233.51 PRV.ST.LIGHTS 113,713.16 21,832.14 2,177.99 35,142.52 54,560.52 CO-OP RESALE 371,578.72 371,578.72 0.00 0.00 0.00 SCHOOL 1,668,102.70 606,694.57 334,674.12 223,572.68 503,161.33 TOTAL 74,750,786.75 16,226,113.37 5,075,359.12 14,031,566.77 39,417,747.49 LAST YEAR TO DATE RESIDENTIAL 33,298,396.14 10,593,396.37 4,649,626.65 7,758,830.99 10,296,542.13 INDUS/MUNI BLDG 50,686,271.79 6,831,355.30 710,294.16 8,870,420.36 34,274,201.97 PUB.ST.LIGHTS 549,883.32 193,799.90 67,908.01 90,164.26 198,011.15 PRV.ST.LIGHTS 125,286.48 23,883.25 2,412.51 39,761.34 59,229.38 CO-OP RESALE 440,214.46 440,214.46 0.00 0.00 0.00 SCHOOL 1,392,322.89 522,389.07 269,004.57 179,021.69 421,907.56 TOTAL 86,49 .18,605,038.35 5,699,245.90 16,938,198.64 45,249,892.1, PERCENTAGE OF OPERATING .INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 35.95% 11.49% 4.88% 8.89% 10.69% INDUS/MUNI BLDG 60.21% 8.01% 0.72% 9.20% 42.28% PUB.ST.LIGHTS 0.77% 0.27% 0.09% 0.13% 0.28% PRV.ST.LIGHTS 0.17% 0.03% 0.00% 0.05% 0.09% CO-OP RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 2.43% 0.87% 0.50% 0.34% 0.72% TOTAL 100.00% 21.14% 6.19% 18.61% 54.06% THIS YEAR TO DATE RESIDENTIAL 39.73% 12.55% 5.54% 9.24% 12.40% INDUS/MUNI BLDG 56.71% 7.59% 0.71% 9.08% 39.33% PUB.ST.LIGHTS 0.68% 0.23% 0.08% 0.11% 0.26% PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% CO-OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 2.23% 0.81% 0.45% 0.30% 0.67% TOTAL 100.00% 21.71% 6.78% 18.78% 52.73% LAST YEAR TO DATE RESIDENTIAL 38.50% 12.25% 5.38% 8.97% 11.90% INDUS/MUNI BLDG 58.60% 7.90% 0.82% 10.26% 39.62% PUB.ST.LIGHTS 0.64% 0.22% 0.08% 0.10% 0.24% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.05% 0.06%... CO-OP RESALE 0.51% 0.51% 0.009, 0.00% 0.00` SCHOOL 1.61% 0.60% 0.31% 0.21% 0.49`-=. TOTAL 100.005 21.51% 6.59% 19.59% 52.31% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 5/31/10 SCHEDULE F ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE SALES OF ELECTRICITY: RESIDENTIAL 15,504,354.34 15,191,257.00 313,097.34 2.06% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 18,752,702.43 18,913,231.00 (160,528.57) -0.85% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 343,207.09 400,417.00 (57,209.91) -14.29% SALES FOR RESALE 184,495.67 200,009.00 (15,513.33) -7.76% SCHOOL 829,064.96 782,650.00 46,414.96 5.93% TOTAL BASE SALES 35,613,824.49 35,487,564.00 126,260.49 0.36% TOTAL FUEL SALES 39,136,962.26 38,983,33.4.00 153,628.26 0.39% TOTAL OPERATING REVENUE 74,750,786.75 74,470,898.00 279,888.75 0.38% FORFEITED DISCOUNTS 789,974.97 772,654.00 17,320.97 2.24% PURCHASED POWER CAPACITY 4,244,356.62 4,232,993.00 11,363.62 0.27% ENERGY CONSERVATION - RESIDENTIAL 113,058.57 132,535.00 (19,476.43) -14.70% ENERGY CONSERVATION - COMMERCIAL 389,151.13 378,912.00 10,239.13 2.70% PASNY CREDIT (481,597.59) (210,225.00) (271,372.59) 129.09% TOTAL OPERATING REVENUES 79,805,730.45 79,777,767.00 27,963.45 0.04% * ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL / 6 MONTHS BUDGET (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 5/31/10 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR YTD OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 2,251,494.42 2,198,144.27 23,813,971.71 25,226,774.99 5 93% . OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 34,312.22 38,541.50 355,210.79 379,850.48 6.94% STATION SUP LABOR AND MISC 18,893.22 8,650.76 86,733.40 75,381.00 -13.09% LINE MISC LABOR AND EXPENSE 64,366.59 61,161.15 581,224.20 614,439.62 5.71% STATION LABOR AND EXPENSE 40,820.51 32,755.91 434,858.76 418,295.62 -3.81% STREET LIGHTING EXPENSE 3,241.43 3,955.52 61,000.87 49,200.50 -19.34% METER EXPENSE 28,830.58 23,134.56 368,938.21 346,533.32 -6.07% MISC DISTRIBUTION EXPENSE 28,255.35 24,658.85 310,441.87 292,709.37 -5.71% METER READING LABOR & EXPENSE 4,701.15 4,604.65 64,927.99 64,020.58 -1.40% ACCT & COLL LABOR & EXPENSE 101,555.21 122,926.29 1,334,066.21 1,241,395.06 -6.95% UNCOLLECTIBLE ACCOUNTS 10,400.00 12,500.00 114,400.00 137,992.92 20.62% ENERGY AUDIT EXPENSE 15,946.81 (547.83) 428,864.86 380,711.64 -11.23% ADMIN & GEN SALARIES 60,291.77 54,866.88 700,669.66 692,516.82 -1.16% OFFICE SUPPLIES & EXPENSE 24,177.55 27,174.24 260,252.73 251,978.08 -3.18% OUTSIDE SERVICES 38,042.57 56,530.91 205,875.40 281,078.56 0.00% PROPERTY INSURANCE 31,019.93 30,773.24 311,165.04 344,002.85 10.55% INJURIES AND DAMAGES 4,710.17 4,467.18 58,240.13 52,310.87 -10.18% EMPLOYEES PENSIONS & BENEFITS 43,031.39 57,224.65 1,056,261.03 1,097,768.76 3.93% MISC GENERAL EXPENSE 6,495.98 10,016.28 144,978.75 139,823.82 -3.56% RENT EXPENSE 13,993.07 14,067.59 179,590.82 176,588.46. -1.67% ENERGY CONSERVATION 67,609.80 58,452.40 180,597.80 341,519.67 89.11% TOTAL OPERATION EXPENSES 640,695.30 645,914.73 7,238 298.52 7,378,118.00 1.93% _'NTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.08 227.08 2,497.90 2,497.90 J% MAINT OF STRUCT AND EQUIPMT 16,423.15 22,012.49 227,977.37 105,929.73 -53.53% MAINT OF LINES - OH 83,842.76 108,669.75 1,045,181.48 1,087,068.11 4.01% MAINT OF LINES - UG 18,593.71 11,840.35 132,075.52 163,324.11 23.66% MAINT OF LINE TRANSFORMERS * 5,705.87 58,742.93 55,108.82 722,831.04 1211,64% MAINT OF ST LT & SIG SYSTEM (10.71) (18.29) 14.04 (86.85) -718.59% MAINT OF GARAGE AND STOCKROOM 42,337.66 46,761.05 527,778.67 461,536.18 -12.55% MAINT OF METERS 0.00 0.00 0.00 531.31 100.00% MAINT OF GEN PLANT 12,315.38 7,282.70 85,858.85 85,183.95 -0.79% TOTAL MAINTENANCE EXPENSES 179,434.90 255,518.06 2,076,492.65 2,628,815.48 26.60% DEPRECIATION EXPENSE 261,200.00 280,105.78 2,873,200.00 3,081,163.58 7.24% PURCHASED POWER FUEL EXPENSE 3,152,914.33 3,058,960.72 47,381,842.76 36,755,984.99 -22.43% VOLUNTARY PAYMENTS TO TOWNS 100,750.00 104,500.00 1,084,981.00 1,149,246.00 5.92% TOTAL OPERATING EXPENSES 6,586,488.95 6,543,143.56 84,468,786.64 76,220,103.04 -9.77% * Includes GAW soil remediation expenses totalling $682,559.68 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/10 SCHEDULE G ACTUAL BUDGET % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE CHANGE PURCHASED POWER BASE EXPENSE 25,226,774.99 24,724,781.00 501,993.99 2.03% OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 379,850.48 357,775.99 22,074.49 6.17% STATION SUP LABOR AND MISC 75,381.00 55,476.88 19,904.12 35.88% LINE MISC LABOR AND EXPENSE 614,439.62 563,449.99 50,989.63 9.05% STATION LABOR AND EXPENSE 418,295.62 424,021.33 (5,725.71) -1.35% STREET LIGHTING EXPENSE 49,200.50 57,575.82 (8,375.32) -14.55% METER EXPENSE 346,533.32 373,354.49 (26,821.17) -7.18% MISC DISTRIBUTION EXPENSE 292,709.37 302,391.19 (9,681.82) -3.20% METER READING LABOR & EXPENSE 64,020.58 67,537.35 (3,516.77) -5.21% ACCT & COLL LABOR & EXPENSE 1,241,395.06 1,298,523.46 (57,128.40) -4.40% UNCOLLECTIBLE ACCOUNTS 137,992.92 137,992.92 0.00 0.00% ENERGY AUDIT EXPENSE 380,711.64 429,504.37 (48,792.73) -11.36% ADMIN & GEN SALARIES 692,516.82 710,321.30 (17,804.48) -2.51% OFFICE SUPPLIES & EXPENSE 251,978.08 238,969.12 13,008.96 5.44% OUTSIDE SERVICES 281,078.56 295,178.86 (14,100.30) -4.78% PROPERTY INSURANCE 344,002.85 374,948.43 (30,945.58) -8.25% INJURIES AND DAMAGES 52,310.87- 54,186.30 (1,875.43) -3.46% EMPLOYEES PENSIONS & BENEFITS 1,097,768.76 1,018,147.37 79,621.39 7.82% MISC GENERAL EXPENSE 139,823.82 164,357.55 (24,533.73) -14.93% RENT EXPENSE 176,588.46 171,973.94 4,614.52 2.68% ENERGY CONSERVATION 341,519.67 445,319.78 (103,800.11) -23.31% TOTAL OPERATION EXPENSES 7,378,118.00 7,541,006.44 (162,888.44) -2.16% MAINTENANCE EXPENSES: NAINT OF TRANSMISSION PLANT 2,497.90 2,612.50 (114.60) -4.39% MAINT OF STRUCT AND EQUIPMENT 105,929..73 100,702.69 5,227.04 5.19% NAINT OF LINES - OH 1,087,068.11 949,881.36 137,186.75 14.44% NAINT OF2LINES - UG 163,324.11 138,079.03 25,245.08 18.28% MAINT OF LINE TRANSFORMERS * 722,831.04 179,833.34 542,997.70 301.94% MAINT OF ST LT & SIG SYSTEM (86.85) 4,004.87 (4,091.72) -102.17% MAINT OF GARAGE AND STOCKROOM 461,536.18 517,119.32 (55,583.14) -10.75% MAINT OF METERS 531.31 2,527.31 (11996.00) -78.98% NAINT OF GEN PLANT 85,183.95 95,138.22 (9,954.27) -10.46% TOTAL MAINTENANCE EXPENSES 2,628,815.48 1,989,898.64 638,916.$4 32.11% DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 3,081,163.58 36,755,984.99 1,149,246.00 3,093,134.68 37,963,223.68 (11,971.10) -0.39% (1,207,238.69) -3.18% 0.00 0.00% TOTAL OPERATING EXPENSES 1,149,246.00 76,220,103.04 76,461,290.44 (241,187.40) -0.32% ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL / 6 MONTHS BUDGET * Includes GAW soil remediation expenses totalling $682,559.68 (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/10 RESPONSIBLE REMAINING SENIOR 2010 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER BASE EXPENSE JP 26,794,251.00 25,226,774.99 1,567,476.01 5.85% OPERATION SUPER AND ENGIN-TRANS KS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP KS 398,196.00 379,850.48 18,345.52 4.61% STATION SUP LABOR AND MISC KS 71,651.00 75,381.00 (3,730.00) -5.21% LINE MISC LABOR AND EXPENSE KS 576,553.00 614,439.62 (37,886.62) -6.57% STATION LABOR AND EXPENSE KS 423,826.00 418,295.62 5,530.38 1.30% STREET LIGHTING EXPENSE KS 79,519.00 49,200.50 30,318.50 38.13% METER EXPENSE DA 424,973.00 346,533.32 78,439.68 18.46% MISC DISTRIBUTION EXPENSE JD 345,498.00 292,709.37 52,788.63 15.28% METER READING LABOR & EXPENSE DA 66,772.00 64,020.58 2,751.42 4.12% ACCT & COLL LABOR & EXPENSE RF 1,462,217.00 1,241,395.06 220,821.94 15.10% UNCOLLECTIBLE ACCOUNTS RF 150,000.00 137,992.92 12,007.08 8.00% ENERGY AUDIT EXPENSE JP 1,105,759.00 380,711.64 725,047.36 65.57% ADMIN & GEN SALARIES VC 776,201.00 692,516.82 83,684.18 10.78% OFFICE SUPPLIES & EXPENSE VC 264,600.00 251,978.08 12,621.92 4.77% OUTSIDE SERVICES VC 398,500.00 281,078.56 117,421.44 29.47% PROPERTY INSURANCE JD 443,150.00 344,002.85 99,147.15 22.37% INJURIES AND DAMAGES JD 60,039.00 52,310.87 7,728.13 12.87% EMPLOYEES PENSIONS & BENEFITS JD 1,093,185.00 1,097,768.76 (4,583.76) -0.42% MISC GENERAL EXPENSE VC 223,038.00 139,823.82 83,214.18 37.319. RENT EXPENSE JD 212,000.00 176,588.46 35,411.54 16.70% ENERGY CONSERVATION JP 0.00 341,519.67 (341,519.67) 100.00% TOTAL OPERATION EXPENSES 8,575,677.00 7,378,118.00 1,197,559.00 13.96% RAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 2,497.90 502.10 16.74%.. MAINT OF STRUCT AND EQUIPMT KS 158,859.00 105,929.73 52,929.27 33.32% MAINT OF LINES - OH KS 1,060,849.00 1,087,068.11 (26,219.11) -2.47% MAINT OF LINES - UG KS 144,228.00 163,324.11 (19,096,11) -13.24% MAINT OF LINE TRANSFORMERS * KS 93,500.00 722,831.04 (629,331.04) -673.08% MAINT OF ST LT & SIG SYSTEM JD 9,888.00 (86.85) 9,974.85 100.88% MAINT OF GARAGE AND STOCKROOM JD 625,632.00 461,536.18 164,095.82 26.23% MAINT OF METERS DA 4,863.00 531.31 4,331.69 89.07% MAINT OF GEN PLANT RF 116,100.00 85,183.95 30,916.05 ` 26.63% TOTAL MAINTENANCE EXPENSES 2,216,919.00 2,628,815.48 (411,896.48) -18.58% DEPRECIATION EXPENSE RF 3,390,000.00 3,081,163.58 308,836.42 9.11% PURCHASED POWER FUEL EXPENSE JP 40,893,477.00 36,755,984.99 4,137,492.01 10.12% VOLUNTARY PAYMENTS TO TOWNS RF 1,254,000.00 1,149,246.00 104,754.00 8.35% TOTAL OPERATING EXPENSES 83,124,324.00 76,220,103.04 6,904,220.96 8.31% * Includes GAW soil remediation expenses totalli ng $682,559.68 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 5/31/10 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 PYMD AND PENSION TRUST AUDIT FEES ACCOUNTING 29,750.00 29,750.00 0.00 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 0.00 0.00 0.00 3 IT CONSULTING ACCOUNTING 0.00 10,000.00 (10,000.00) 4 LEGAL- FERC/ISO ISSUES ENERGY SERVICE 0.00 20,835.00 (20,835.00) 5 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 49,136.03 49,608.25 (472.22) 6 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 20,835.00 (20,835.00) 7 NERC COMPLIANCE E & O 36,603.90 7,108.75 29,495.15 6 ENGINEERING STUDIES ENGINEERING 876.57 8,376.57 (7,500.00) 9 LEGAL SERVICES- GENERAL GM 99,296.62 76,485.81 22,810.81 10 LEGAL SERVICES- ARBITRATION HR 17,508.93 29,830.16 (12,321.23) 11 LEGAL GENERAL HR 9,530.33 22,034.38 (12,504.05) 12 LEGAL SERVICES- UNION CONTRACT HR 17,986.53 5,304.94 12,681.59 13 LEGAL GENERAL BLDG. MAINT. 4,516.81 625.00 3,891.81 14 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 2,085.00 (2,085.00) 15 ENVIRONMENTAL BLDG. MAINT. 0.00 2,085.00 (21085.00) 16 ENGINEERING SERVICES BLDG. MAINT. 0.00 3,550.00 (3,550.00) 17 LEGAL GEN. BENEFIT 3,372.84 4,165.00 (792.16) 18 INSURANCE CONSULTING GEN. BENEFIT 12,500.00 2,500.00 10,000.00 TOTAL 281,078.56 295,178.86 (14,100.30) PROFESSIONAL SERVICES BY VENDOR ACTUAL CHOATE HALL AND STEWART 43,925.79 PLM ELECTRIC 876.57 UTILITY SERVICE 6,287.50 DUNCAN AND ALLEN 32,512.94 MELANSON HEATH AND COMPANY 42,794.82 KATHLEEN GOOD- ARBITRATOR 300.00 HEALTH RESOURCES 200.00 GARRY WOOTERS- ARBITRATOR 600.00 ROMARKE INSURANCE BRODERAGE 12,500.00 MASSACHUSETTS MUNICIPAL WHOLESALE 666.85 MARK DEAN PLLC- TMLP PROJECT 1,986.43 GJE 4-4 WIRE FROM INTEGRY ENERGY (4,958.00) RUBIN AND RUDMAN 143,385.66 TOTAL 281,078.56 (13) o° e o\° . 0 ° o\° \ 0 ° o\° o\ W N w m m m NP m m H C7 N I ~a b ai rn O 1 M (11 O N O O N N m O N N I I I 1 U 1 o\° N ; h N N M O) ri w m O M N W a% m co W a~ ao N It I 1 CZ N .-I U o h m r ui <n 0 r C t0 0 o d~ H h rl d0 U) N N M w Ui h Ln H M a, r m m H M M w N U1 O N m O h m h r N h rt E O W O~ H N 0 O CN m co (y L7 r \a ri -0 O at N W co E ~ d+ a1 h In rt h r m w o rl W m N 00 N h O ( y m rl N m r W ai W ~~~aaa U N m h r4 'dl m M U1 CD Q z M m N co ri rt r co r N~ m N m ao r ON In .-I H m N eq N U1 N N r. m N N r- to U7 O N N r N W O U RC ~n N oD w In ~ m H rl N m r W ~ a a 0 w z 0 a o z 1 a H a a H Q z W fa C~ V ~7 W a W E u 1 H H a H H U Uv o o H A p W W U' f W UI P+ P+ a WO a ~yW 0 4 yH r' a N E `y gW M ti w m z r! a0i O H pz W R a tl ~ z ww 2 H I N r ra W m N r u1 M O O M U N M ifl O O of O N ~ 'qji~ ac O O m ul n p o d F a N M I Q d H ~ a et ~ ' > I d O N Q H m 0 0'. n O M W M 0 0 M' ~y d o m M N H Ill NCI [a~ ~ In ,-i m n M IA M M n o N d o M O N b N O 1] d N M m N b "CjC ~ ~ ~ H I` v m U E H a N r h H b m o N h m M r b H d m v N Q H N H N m O m O O m 0 W O m N Q a n Hb vln M m H Q b O m N m O Q N m m N Q h O N ~ N H d o M n v o 0 M Q m o W W m v W M H m 0 0 0 H m 0 N N m H H y m v b h ~ M O b O m W 0 M d N M U N Q O N O O m O N 0 0 m m o y M v N z Q H m o H O H o 0 m in M r O uH m m d O ~ N O H d b N 0 n H ul m n W H M v d W H H b o o O Q H o H H M tl O v O Q ~ H Q O O O H O O M b m N m H U {pay o ° R a W H a m 7 w a a tl ~0 Iq0 U a (~.U+7 H F7 ~7 O WW D O 00 H N O M b 0 of a 0 0 0 0 0 0 0 4 H H O H H O H H 1 1 1 1 1 1 1 p ut ooHOOMO H in N N N M M N M 1 m m m m m m m ~ N N N m ul 1n ul N r°i N m m m N In m N N m N N m ul O 1 1 1 1 1 1 1 1U H H H H H H H W O O O O O O q O' ` A" a a a a o e e a a x e m H O m m H d b N 0 0 N b N m N N H m b H W b H H O m 0 0 m b m h N N b 0 UI O Q N W N m d d b m M r b d b Q m M H O O d I b b M N Ill m m m d d b r N N m m d 0 b N m N H M W H b 0 0 b M H h H H W 1 H N ul d H H N N N M d r O M 0 0 0 m H in 1 ' 1 i I I I H M H H H 1 1 1 1 1 1 1-tM1-Irbnn n mull.-Imn M N N N b m M b m m V W M M MlnNdanh Q H M d m m h mndQlnHm b m m h V H M M M Q H try N r 0 rnlnm." 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Q O N O CO r (O o rn n r o O b o 0 o m t-1 M Ol M b n ~-1 (g M N Ot N r OI IO¢ n ri M In M H N O W O O N O N 0 0 0 O plpa M N N M b r b h b O M ~-i N N ~ a 0 P4 ao wUaowo W z .4 > ? W U' E U IN a a uW, rW W o m m m 2 z U ,~(.2~97, sp4 q X 47 U QH WU ~eU7. U N U3 W f7 a W 54 O O P4 O: L U L) U W O H M 01 O O N M N 'n u 0000 00 00 0 0 H O H H H 0 0 eN v N N y t I I 1 I 1 1 1 I i a tobbb.-IM tobbto W .-1 H .-I .-f N N H rl H rl H m mmmmNm N O O1 Q N N N N m Nm Nm N N H I I I I I I I I I I [;J N N N N N N N N N N W n n n n h h n'n n 2 I I I I I 1 1 I I I H N N N H~ H H~~ W o 0 0 0 0 0 0 0 0 o C7 I RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 5/31/10 GROSS MONTHLY TOTAL DATE CHARGES REVENUES PASNY CREDIT DEFERRED DEFERRED Jun-09 1,739,394.25 Jul-09 4,071,238.32 3,748,077.09 (3,440.16) (326,601.39) 1,412,792.86 Aug-09 4,051,360.93 4,269,717.20 (35,903.32) 182,452.95 1,595,245.81 Sep-09 2,973,452.04 4,335,754.22 (31,274.85) 1,331,027.33 2,926,273.14 Oct-09 3,206,685.71 3,559,022.94 (41,650.59) 310,686.64 3,236,959.78 Nov-09 2,990,338.70 3,187,560.34 (68,908.75) 128,312.89 3,365,272.67 Dec-09 3,964,453.98 3,177,509.05 (29,048.13) (815,993.06) 2,549,279.61 Jan-10 3,704,455.86 4,473,198.05 (22,862.60) 745,879.59 3,295,159.20 Feb-10 3,106,761.88 3,510,280.41 (80,545.44) 322,973.09 3,618,132.29 Mar-10 3,009,718.08 3,138,855.35 (75,632.25) 53,505.02 3,671,637.31 Apr-10 2,618,558.77 3,034,544.66 (62,656.68) 353,329.21 4,024,966.52 May-10 3,058,960.72 2,702,442.95 (29,674.82) (386,192.59) 3,638,773.93 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2010 ACTUAL 10 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY TOTAL 09 09 09 09 09 09 10 10 10 10 10 GENERAL MANAGER GENERAL MANAGER 2 2 2 2 2 2 2 2 2 2 2 2 HUMAN RESOURCES 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 COMMUNITY RELATIONS 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 TOTAL 5 5 5 5 5 5 5 5 5 5 5 5 RTTfiTNE_q _Q ACCOUNTING 2 2 2 2 2 2 2 2 2 2 2 2 CUSTOMER SERVICE 9 9 9 9 9 9 9 9 9 9 9 9 MGMT INFORMATION SYS 6 6 6 6 6 6 6 6 6 6 6 6 MISCELLANEOUS 1 1 1 1 1 1 1 1 1 1 1 1 TOTAL 18 18 18 18 18 18 18 18 18 18 18 18 ENGINEERING & O RATTLING AGM E&O 2 2 2 2 2 2 2 2 2 2 2 2 ENGINEERING 5 5 5 5 5 5 5 5 5 5 5 5 LINE 20 18 18 19 19 19 19 18 20 20 20 20 METER 7 7 7 7 7 7 7 7 6 6 6 6 STATION 9 9 9 9 9 9 9 9 9 9 9 TOTAL 43 41 41 42 42 42 42 41 42 42 42 4- PROJECT BUILDING 2 2 2 2 2 2 2 2 2 2 2 2 GENERAL BENEFITS 2 2 2 2 2 2 2 2 2 2 2 2 TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0 MATERIALS MGMT 4 4 4 4 4 4 4 4 4 4 4 4 TOTAL 8 8 8 8 8 8 8 8 8 8 8 8 ENERGY RVT _'Rfi ENERGY SERVICES 6 6 6 6 6 6 6 6 6 6 6 6 TOTAL 6 6 6 6 6 6 6 6 6 6 6 6 RMLD TOTAL 80 78 78 79 79 79 79 78 79 79 79 79 CONTRACTORS UG LINE 2 2 2 2 2 2 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 81 80 81 81 81 81 To: Vincent Cameron From: Energy Services Date: June 22, 2010 Subject: Purchase Power Summary - May, 2010 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of May, 2010. ENERGY The RMLD's total metered load for the month was 59,007,988 kWhs, which was an increase of 6.79 % compared to May, 2009 figures. 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 1,432,584 $4.64 2.41% $6,641 0.22% Seabrook 5,897,354 $8.86 9.90% $52,250 1.71% Stonybrook 7,837,784 $45.06 13.16% $353,146 11.54% Constellation 14,880,000 $62.60 24.98%0 $931,512 30.45% PASNY 2,001,568 $4.92 3.36% $9,848 0.32% ISO Interchange 2,850,358 -$2.45 4.79% -$6,273 -0.21% NEMA Congestion 0 $0.00 0.00% -$7,143 -0.23% Coop Resales 61,167 $132.46 0.10% $8,102 0.26% Stonybrook Peaking 251,448 $172.25 0.42% $43,311 9.42% MacQuarie 22,976,000 $69.44 38.57% $1,595,368 52.15% Braintree Watson Unit 1,375,038 $52.51 2.31% $72,198 2.36% Monthly Total 59,563,301 $51.36 100.00% $3,058,961 100.00% ILI G v U c3 Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP -2,058,301 -128.37 -3.46% Settlement RT Net Energy 4,908,659 66.03 8.24% Settlement ISO Interchange 2,850,358 21.02 4.79% (subtotal) Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of May, 2010. CAPACITY The RMLD hit a demand of 150,886 kWs, which occurred on May 26, 2010 at 4 pm. The RMLD's monthly UCAP requirement for May 2010 was 243,852 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 4,995 $63.44 $316,861 19.14% Seabrook 7,916 $54.16 $428,760 25.90% Stonybrook Peaking 32,456 $1.65 $53,461 3.23% Stonybrook CC 50,684 $3.27 $165,511 10.00% Pasny 6,317 $1.88 $11,896 0.72% HQICC 5,631 $4.07 $22,893 1.38% ISO-NE Supply Auction 125,000 $4.11 $514,339 31.07% Braintree Watson Unit 10,853 $13.03 $141,464 8.55% Total 243,852 $6.79 $1,655,184 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $6,641 $316,861 $323,502 6.86% Seabrook $52,250 $428,760 $481,010 10.20% Stonybrook $353,146 $165,511 $518,657 11.00% HQ II $0 $22,893 $22,893 0.49% Constellation $931,512 $0 $931,512 19.76% PASNY $9,848 $11,896 $21,743 0.46% ISO interchange -$6,273 $514,339 $508,066 10.78% Nema Congestion -$7,143 $0 -$7,143 -0.15% Coop Resales $8,102 $0 $8,102 0.17% Stonybrook Peaking $43,311 $53,461 $96,772 2.05% Integrys $0 $0 $0 0.00% MacQuarie $1,595,368 $0 $1,595,368 33.84% Braintree Watson Unit $72,198 $141,464 $213,662 4.53% Monthly Total $3,058,961 $1,655,184 $4,714,145 100.00% TRANSMISSION The RMLD's total transmission costs for the month of May, 2010 are $540;275. This is a 7.38% decrease from the April 2010 cost of $583,311. In 2009, the transmission costs for the month of May, 2009 were $472,508. Table 5 Current Month Last Month Last Year :Peak Demand (kW) 150,886 95,585 ' . . . 113,508 Energy (kWh) ! _ 59,563,301 53,132,239 55,299,253 . . Energy . $3,058.961 $2,618,559 $3,152,914 „ . ........L. Capacity $1,655,184( . $1,604,581 $1,769,783 Transmission $540,275, $583,311 $472,508 Total $5.254.420 $4,806,451 $5,395,206 Table 5 shows the current month vs. last month and last year (May, 2009) READING MUNICIPAL LIGHT DEPARTMENT To: From: Subject: Vincent Cameron Kevin Sullivan Gaw Project Review Date: June 23, 2010 The Gaw Upgrade Project projected and actual figures by month are shown in the Gaw Transformer Upgrade Project chart. A reconciling of the project by fiscal year is indicated in the accompanying table. This table is delineated by fiscal year and further by category. The table reconciles each fiscal year's budgeted figures vs. actual expenditures, along with descriptive information for each category. Initially, a budgetary figure for the project was placed at $8.1M based upon discussions with the Project Consulting Engineer, Waukesha Transformers, and information from various vendors. The cost for the three transformers and financially the largest sector of the project was $4.59M. The Contract Labor category line items include the General/Electrical Contractor and the Electrical Testing Firm that were bid as a combined package in the Spring of FY'09 resulting in a savings to budget of $0.73M. Additionally, the category of Procured Equipment is on schedule toward a $0.07M savings and the category of RMLD Labor toward a $0.1M savings. As of this writing, expenditures FY'08 - FY'10 total $6.14M. A project carryover into FY'11 for remaining work totals $0.895M, resulting in an expected project completion cost of approximately $7.1M, $1.OM below the initial budgeted amount. v a. P L L. 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(D 0) C C UL~ N O O L f N cn C N U U U 0 C) O C: N O E O U U N O c0 c0 ' c0 S 0 0 U 6. aa CL Q 0 Ca L o c J ~U 0UUQ m E rF U ~C d O O p O 15 cu 0 1+ CO 000 O L C U) O O E m m m U U) wN, W O T co T T T T T T V T T T Q cn } W O . C O O O - CIS L L L L O L O Ln O Vl 0 O O O O O T`► N 0 0 0 E E E E (u L E .t; t ~ ~ Iy~j W (D O 0 L o 3 C L L L L L O O O O ' d ~ U 0 . (D U in C C 4) U C ! C co r 0 O C Y C C C ' c - cp 0 6 r- _ c O O O U ) ~ O cc / G Q ' U 0 0 U / U L ~ VJ L .I.. / s U 6/17/2010 2:31 PM # PROJECT DESCRIPTION READING MUNICIPAL LIGHT DEPARTMENT FY10 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING MAY 31, 2010 4 kV Retirement - Stepdown Areas 1 Reading 22 Wilmington - Main Street NEW System Proiects 2 Station #4 Getaway 4W30 Replacements 3 Station #4 Getaway 4W17 Replacements NEW 4 Salem Street Area 5 High Capacity Tie 4W1 8/3W8 Franklin Street 6 Haverhill Street - Reconductoring NEW 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 Rd 13kV Feeder Tie 9 Reading Center-Main Street 10 Reading Center-Haven Street Station Upqrades Station #4 11 Transformer Replacement-Part 1-Contractual Labor 11 Transformer Replacement-Part 2-Procured Equipment 11 Transformer Replacement-Part 3-RMLD Labor 11 Transformer Replacement-Part 4-Feeder Re-Assignment Station #5 23 15kV Circuit Breaker Replacement NEW New Customer Service Connections 12 Service Installations-Commercial/Industrial Customers 13 Service Installations - Residential Customers 14 Routine Construction Various Routine Construction Total Construction Projects Other Proiects 15 GIS 16 Transformers/Capacitors Annual Purchases 17 Meter Annual Purchases 18 Purchase Two New Small Vehicles 19 Replace Line Department Vehicles 20 Cooling Towers 21 Security Upgrades 27 Hardware Upgrades 28 Software and Licensing Total Other Projects TOTAL RMLD CAPITAL PROJECT EXPENDITURES ACTUAL YTD ACTUAL COST COST ANNUAL REMAINING TOWN MAY THRU 5/31/10 BUDGET BALANCE R $78,125 $31,415 ($46,710) W $9,335 $9,335 $112,152 $102,817 R $146,540 $201,712 $55,172 R $170,779 $170,779 W $109,129 $171,923 $62,794 R $300 $129,004 $128,704 R $16,371 $190,470 $184,460 ($6,010) VAR $7,551 $7,851 $38,496 $30,645 W $32,511 $269,010 $80,063 ($188,947) R $5,363 $13,932 $8,569 R $23,311 $23,311 R $636,875 $1,231,500 $594,625 R $573 $157,673 $344,800 $187,127 R $38,948 $368,588 $432,405 $63,816 R $228,159 $228,159 W $157,528 $157,528 ALL $40,257 $54,184 $13,928 ALL $16,299 $170,718 $176,623 $5,905 ALL $135,817 $1,321,669 $1,537,896 $216,227 $257,404 $3,511,902 $5,320,343 $1,808,441 $44,450 $52,984 $8,534 $16,249 $241,389 $225,140 $4,700 $28,382 $139,360 $110,978 $62,555 $62,000 ($555) $349,192 $353,823 $4,631 $15,701 $200,248 $184,547 $3,770 $25,000 $21,230 $1,936 - $3,590 $43,700 $40,110 $1,186 $33,636 $94,410 $60,774 $7,822 $557,525 $1,212,913 $655,388 $265,226 $4,069,427 $6,533,256 $2,463,829 completed projects Reading Municipal Light Department Engineering and Operations Monthly Report May, 2010 FY 2010 Capital Plan 4 kV Retirement - Stepdown Areas 1. Reading - Project Complete. 22. Main Street -Wilmington -Framed, pulled in new primary, installed transformers, and energized new primary. System Projects 2. Station #4 Getaway Feeder 4W30 Replacement - Reading - Project is complete. 3. Station #4 Getaway Feeder 4W17,- Wilmington - No activity. 4. Salem Street Area - Wilmington - Project complete. 5. High Capacity Tie 4W18/3W8 Franklin Street - Reading - No Activity. 6. Haverhill Street Reading/Lynnfield - Installed pulling rope and spacer cable URD Upgrades 7. URD Completions - Sanborn Village, Reading; Perkins Farm, Lynnfieid; and Chestnut Village, North Reading - Engineering labor on Sanborn Lane, Lilah Lane, and Thomas in Reading, Parker and Robin in North Reading, and Perkins and Candlewood in Lynnfield. Installed 3-phase riser and pulled in underground conduit, did primary switching and re-energized on Sanborn Lane, Reading New Circuits and Circuit Expansions 8. Salem Street to Glen Road 13 kV Feeder Tie - Wilmington Engineering labor, Framed, pole transfers, installed transformers, spacers, and cable, and transferred services on Cunningham, Faulkner, Lexington, Everett, and/or Wicks in Wilmington. 9. Reading Center - Main Street - Project Complete. 10. Reading Center- Haven Street- Project Complete. Substation Upgrade Proiects 11. Transformer Replacement- Station 4- Reading Part 1 - Contractual Labor - No financial activity. Part 2 - Procured Equipment - Various parts/equipment Part 3 - RMLD Labor - Relay panel relocations and control wire modifications. Part 4 - Feeder Re-Assignment - No activity. 23. 15kV Circuit Breaker Replacement - Station 5 - Wilmington - No activity. New Customer Service Connections 12. Service Installations - Commercial/Industrial Customers - This item includes new service connections, upgrades, and service replacements for the commercial and industrial customers. This represents the time and materials associated with the replacement of an existing or installation of a new overhead service, the connection of an underground service, etc. This does not include the time and materials associated with pole replacements/installations, transformer replacementlinstallations, 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 $168,403 Maintenance Overhead/Underground $431,873 Projects Assigned as Required $132,817 Pole Damage includes knockdowns some reimbursable $96,421 Station Group $48,522 Hazmat/OH Spills $11,318 Porcelain Cutout Replacement Pro ram* $107,688 Lighting (Street Light Connections) $22,852 Storm Trouble $38,340 Underground Subdivisions $93,312 Miscellaneous Capital Costs $170,123 TOTAL $1,321,669 *In the month of May, four cutouts were charged under this program. Approximately 24 cutouts were installed new or replaced because of damage making a total of 28 cutouts replaced this month. 29. Force Accounts - The Commonwealth of Massachusetts requires utility plant equipment relocations in conjunction with various roadway reconstruction projects. No projects scheduled at this time. 2 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 12 month system average outage duration - 45.56 minutes RMLD 4 year average outage (2006-2009) - 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 45.56 minutes. 90.00 N ,4; 80.00 70.00 60.00 tea 50.00 Q 40.00 30.00 ,0 20.00 N V 10.00 0.00 --+-Monthly minutes per outage RMLD 12 month system average outage duration 45.56 RMLD 4 year average outage duration 50.98 (2006-2009) 3 ,a~ F~~• Pic System Average Interruption Frequency (SAIFI) - Measures how many outages each customer experiences per year on average. SAIFI = Total number of customer's interrupted I Total number of customers. RMLD 12 month system average - .72 outages per year RMLD 4 year average outage frequency - .82 The graph below tracks the month-by-month SAIFI performance. 1.80 1.56 N 1.60 m 1.40 'v 1.12 = 1.20 e 1.00 0.93 0,72 0.76 0.80 - - - - d 0.60 m 0.40 O A31 ` L U- 0.20 - 0.00 - • RMLD monthly outage frequency - - RMLD 12 month system average outage frequency .72 RMLD 4 year average outage frequency .82 (2006-2009) Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage every 16.67 months. 4 A T Reading Municipal Light Department ML RELIABLE POWER FOR GENERATIONS RD 230 Ash Street P.O. Box 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmid.com June 21, 2010 Town of Reading Municipal Light Board Subject One (1) 40 Ft. Bucket Truck and One (1) 45 Ft. Bucket Truck On April 30, 2010 a bid invitation was placed as a legal notice in the Reading Chronicle requesting proposals for One (1) 40 Ft. Bucket Truck and One (1) 45 Ft. Bucket Truck for the Reading Municipal Light Department. An invitation to bid was emailed to the following: Altec Industries, Inc. Baker Equipment Boston Freightliner Coastal International Truck, LLC CUES DC Bates Dejana Truck Equipment Fredrickson Bros., Inc. G & S Industrial, Inc. James A. Kiley Company Liberty Chevrolet Mid-State International Trucks, Inc. Minuteman Trucks Moore GMC Truck Inc. Morse Manufacturing, Inc, NESCO Nutmeg International Trucks, Patriot International Trucks of Inc. Boston, LLC Place Motor, Inc. Stoneham Ford Taylor & Lloyd Inc. The Edart Leasing Co., LLC Bids were received from Boston Freightliner, James A. Kiley Company, Minuteman Trucks, and Taylor h Lloyd Inc. The bids were publicly opened and read aloud at 11:00 a.m. June 15, 2010 in the Town of Reading Municipal Light Department's Audio Visual Spurr Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. n 2010-15 Bucket Trucks.doc , C R M L D C Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MA 01867-0250 Move that bid 2010-15 for One (1) 40 Ft. Bucket Truck and One (1) 45 Ft. Bucket Truck be awarded to: James A. Kiley Company.for $350,219.00 Item 1 One (1) 40 Ft Bucket Truck and One (1) 45 Ft. Bucket Truck as the lowest qualified and responsive bidder on the recommendation of the General Manager. The F7 2011 Capital Budget amount for these items is $360,000.00. A he IVV* t F. CamCVW ph T. Do ae $350,219.00 2010-15 Bucket Trucks.doc 0 c~ U Q7 Q) ~I O z U) z 0) N r m ) O (1) z } Y ~ CD N Y C i CA M flJ Q) Q) O ° eG z d O O O O O O U CO Lt aj L6 Q) Z 41 ~ L m CN C to r) Y if) LO Q, W S C ) m (F} N U p 0 O) O O j Lf) o y L6 Q) ~I CF) m co c i co cy~ ~ co M 64 M Eg m E9 L LL o -o VJ m N V l 'C L -a U ~ 7 N C6 J ~1 ~ O r- N L N > ~ = ~ r r r ~ a° CD M M M /1f1 ( ~ m _ C , Q~ CB Z , z W X Cl) m Q Y U N Y U m r _O O N N Q) O m . IL cc tc o a I o 0 0 C:) 4 C6 0 co ` O 0) co O 69 69 64 69- x ~ W tU Y Y 45 O ❑ ~ 7 O N Y C ) d' J o m c Z N O U O O O O Y Lr) L O O a y N M [t X ~ M co M 'd O 6S 64 ~ Q Y w U r O U O ' O ch O O O O O N ' tU r t- M 1+ . Y , 0 C.0 C:) 0) _ O) 0 LO m m P- t- P- LO r LL 69 6f3 69, _ 699 O is r N .a+ N O U o o cY) o 0 0 0 0 O O v m Lp OD 0) co 0) m M m Z N N C D co CD co LL 69 69 69 64 a ~r c CQ Q > c is E U E 2) U ) Q LL c ° m Q Cl) 0 E ~ E c ~ ° c R A /(T Reading Municipal Light Department j~/jj~ RELIABLE POWER FOR GENERATIONS D 0) 230 Ash Street P.O. Box 150 Reading, MA 01867-0250 Tel: (781) 944-1340 Fax: (781) 942-2409 Web: www.rmld.com June 18, 2010 Town of Reading Municipal Light Board Subject: 35 kV CU Shield Power Cable On May 20, 2010 a bid invitation was placed as a legal notice in the Reading Chronicle requesting proposals for 35 kV CU Shield Power Cable for the Reading Municipal Light Department. Specifications were emailed to the following: Okonite General Cable Graybar Pirelli Cables & Systems Wesco Arthur Hurley Company USA Power Cable Yale Electrical Supply HD Supply, Inc. Power Sales Group Shamrock Power Yusen Assoc Champion Wire and Cable Power Tech Robinson Sales Hendrix Wire & Cable Corp Anixter Wire & Cable Power & Tel Enterprise EL Flowers Hasgo Power Stuart Irby MetroWest Electric Sales Bids were received from Arthur Hurley Company, Okonite, Stuart Irby, Yale Electrical Supply and Graybar. The bids were publicly opened and read aloud at 11:00 a.m. June 15, 2010 in the Town of Reading Municipal Light Department's Board Room, 230 Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2010-20 for 35 kV CU Shield Power Cable be awarded to: Arthur Hurley Company for a total cost not to exceed of $35,610.00 Item uanti Description Unit Cost Net Cost not to exceed 1 3,000' 35 kV CU Shield Power Cable 11.87 ft ` $35,610.00 as the lowest qualified bidder on the recommendation of the General Manager. This cable is an inventory item used for replacement of the 35 kV underground section under Route 93, which feeds the Wildwood Substation in,,Wilmin--ton. F. Ca76leron, Jr. K kin S van Peter Price File: Bid/10 Cable/2010-20 d .Q Ct1 V L CL b CU a N V o ~ N Y b O A Q C CO Y N O U) N (A O m a) m N m .Y t'- CD a C a A ~ O O O M N ~ ~ Q O co C~O O ¢ N Q COD O N m m U O m OD p C L Q. 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A Do a co J(o N O O to A O o O V V <n ~ b9 W O CD CA D7 m o (o O V 8 fppJ7p N N A c A :a <9 ~ (7T O N O W On o 0) A A co m O O D p m Z r n z s0°G) om CI r u A A z A O F) z r Z G) 3 r A C G) ~n z -xi v M M m czi y G) A --4 p A C v fA N z A 0 m z 3y G) -1Z b u D 0 i r Sc z (n A m N D o c O y ? o Z pt~0 r e+ yj ~ O C A m ~n 0 0 7 x i q J -4 vs D m A N N v 0 °o O 7 co ho o 'S p 0 3 v n a u A ° ~ r a Cl) ° D o , r 7 ° ow n F o 11 W ~ 7C 3 n a' 3 usi m A 7 0 CL $ r o w y1 w 0 ~o ~S°oo0 y ° Z O ~ w ® ~ r a o S J ? m rn m a N O z .a p 9 > w o too co 1 ° 7 W cn p A n m c p "Lr r a c 3 N O CL c 10 y U ct Q Jeanne Fob From: Vincent Cameron Sent: Monday, May 24, 2010 8:25 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: Answer to Payables 5124/10 Soli 1. Aircraft Dynamics - What are these for? These are strobe lights and flags that the RMLD puts on the back of poles when they are being transported for installation. 2. WB Mason - Needs signature. Done. Snyder 1. Tyndale Company - What is the agreement on purchase of clothing? (e.g. is there a document describing this?) The agreement on the purchase of Fire Retardant clothing is in each of the union contracts, which are in the GM conference (Line Meter Station - Article 30, Clerical Technical - Article 26, IBEW - not yet printed but they have a similar agreement) 5/24/2010 I Rb' 1 vi 1 Jeanne Fob From: Vincent Cameron Sent: Wednesday, June 02, 2010 7:42 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: FW: Account Payable Questions May 28 Soli 1. Stoneham Motors - GM signature? Yes. Done. Snyder 1. MTRS Health Insurance - Does it need GM signature? Yes. Done. 2. Virtual Town Hall Holdings LLC - What is this website hosting? Virtual Town Hall hosts the RMLD's website. 6/2/2010 Jeanne FoU From: Vincent Cameron Sent: Tuesday, June 08, 2010 6:45 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: Account Payable - 6-7-10 Soli 1. NSTAR - Signature? Done. Snyder 1. RMLD Refunds - Various - Does GM only sign if multiple pages? Singie-page bills have no GM signature. I sign the refunds with "multiple pages" where there may have been a number of transactions. The regular bills that have refund amounts come straight from the billing system. I make sure the bills have been examined and signed by Customer Service or Key Accounts. 6/8/2010 Jeanne Fob From: Vincent Cameron Sent: Wednesday, June 09, 2010 8:03 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Steve Kazanjian; Jeanne Foti Subject: Payroll Questions - June 7 O'Neill 1. Why is locker room construction being done on overtime? The Facilities personnel have regular work to do during the day. The locker room is also worked on during regular hours from time to time. 2. Why is an office-based employee (#100) receiving "high class" pay? This employee was promoted during the pay period. The High Class pay is for the new position. 3. Why are clothing payments being handled through payroll? Cothing allowances, outside of FR clothing, are paid through payroll and are taxable. 4. Why are some retired employees receiving hourly rates? This pay period was the last for these employees. 5. Why doesn't the YTD table showing overtime costs for the line department match the amount shown on p. 2 of the "Payroll Overtime Costs" report? Next to the line Line - All is the overtime for the Linemen, which is $228, 450.84 and the YTD - Lineman 228,450.84. The total for the Line Dept. includes the General Line Foreman, who is not in the Line Dept. 6/9/2010 Jeanne Foti From: Vincent Cameron Sent: Tuesday, June 15, 2010 8:14 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: Answer to Payables 6-14-10 Snyder 1. Fischbach Moore - What was the problem that Paul DiCario worked 17 hours OT on 5/22 at 13 locations and 6 OT on 5/23? The RMLD and Fischbach worked two consecutive weekends (Saturday and Sunday) from 5 am into the early evening to switch load off the Gaw Sub Station so that the station could be reconfigured. 2. Reading Car Care - 2nd visit of the Explorer #40 needs GM signature. Done. O'Neill 1. Chromalox - Where/why do we need an electric space heater? This is being installed in Station 5 to replace the existing heater that broke down. 2. NE Restrooms - No authorized signature on first PO. Done. 3. WESCO - No authorized signature on first P0. Done. 6/16/2010