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Home My WebLink About2010-04-28 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session r 17.! , , P 230 Ash Street Reading, MA 01867 r"- April 28, 2010 Start Time of Regular Session: 7:30 p.m. l I- 2b End Time of Regular Session: 9:41 p.m. Attendees: Commissioners: Mary Ellen O'Neill, Chairman Philip B. Pacino, Secretary Gina Snyder, Commissioner Richard Hahn, Vice Chair Robert Soli, Commissioner Staff: Vinnie Cameron, General Manager Joe Bilicki, Key Account Manager Commercial Jeanne Foti, Executive Assistant Robert Fournier, Accounting/Business Manager Kevin Sullivan, E&O Manager Beth Ellen Antonio, Human Resources Manager Jared Carpenter, Energy Efficiency Engineer Craig Owen, Materials Manager William Seldon, Energy Analyst Citizens' Advisory Board: Guest: Quincy Vale, CAB Member Benjamin Ipsen, Mechanical Engineer, RDK Engineers Opening Remarks/Approval of Meeting Agenda Chairman O'Neill asked if there were any suggested changes to the agenda. There were no changes to the agenda. Chairman O'Neill welcomed the new RMLD Board Commissioner member Gina Snyder and congratulated Mr. Pacino on his re-election to the Board. hairman O'Neill recognized Citizens' Advisory Board member Quincy Vale. Chairman O'Neill said that as the longest serving Commissioner, Mr. Pacino, as point of personal privilege, will be sharing information he has gathered. Mr. Pacino reported on the history of Gina Snyder's seat. Mr. Pacino stated that Gina Snyder is the fifty-fifth Commissioner to serve in the history of the RMLD since 1895 and is the nineteenth person to serve in this seat that was originally held in 1895 by the original Commissioner Charles Abbott. The longest serving Commissioner in the seat was Henry Johnson whose term was 1926-1947. He served during the Depression and the onset of World War II. Most recent Commissioners were Fran Doughty, Fred Nemergut, Bill Hughes and Ellen Kearns. Mr. Pacino stated that he is the only Commissioner to sit in his seat which was added by the Charter Commission change in 1987 and is the thirty-ninth Commissioner. Presentation Key Accounts - Mr. Bilicki (Attachment 1) Mr. Bilicki gave a presentation on the Key Account Manager position that was created ten years ago. The position provides for a single point of contact; in which he and Ms. Benson have their own style of a proactive/reactive approach to their customers. Discussion followed. Reorganization of RMLD Board Chairman Mr. Pacino made a motion to nominate Ms. O'Neill to serve as Chairman; this was seconded by Mr. Soli. Motion carried 5:0:0. -„Vice Chairman ~Ir. Pacino made a motion to nominate Mr. Hahn to serve as Vice Chairman; this was seconded by Chairman O'Neill. Motion carried 5:0:0. Acguldl JGSJ1V111V1GGU11g 1V1111u6Gs April 28, 2010 Reorganization of RMLD Board Secretary Chairman O'Neill thanked Mr. Pacino for his efforts over the last year on the release of the Executive Session minutes. Mr. Hahn made a motion to nominate Mr. Pacino to serve as Secretary; this was seconded by Ms. Snyder. Motion carried 5:0:0. Appointment to RMLD Committees Mr. Hahn made a motion seconded by Ms. Snyder that the Board approve the following committees: Motion carried 5:0:0. Budget Committee General Manager Committee Philip Pacino, Chair, Richard Hahn, Gina Snyder Mary Ellen O'Neill, Chair, Richard Hahn, Philip Pacino Power Rate Committee Policy Committee Richard Hahn, Chair, Mary Ellen O`Neill, Robert Soli Robert Soli, Chair, Mary Ellen O'Neill, Gina Snyder G Audit (Including Town of Reading Audit) Joint Committee-Payment to the Town of Reading Philip Pacino, Robert Soli Philip Pacino, Robert Soli, Two Citizens' Advisory Board Members One Reading Selectmen Assignments Assignments Accounts Payable Payroll - Four Month Rotation Richard Hahn Mary Ellen O'Neill, April-July Robert Soli Robert Soli, August-November Gina Snyder Richard Hahn, December-March Mary Ellen O'Neill (First Backup) Philip Pacino (First Backup) Philip Pacino (Second Backup) Mr. Hahn made a motion seconded by Mr. Pacino to approve the Account Payable and Payroll assignments. Motion carried 5:0:0. Report from Board Committee - Commissioner Soli Policy Committee - RMLD Policy 19 Revision 12 Mr. Soli reported that several policies were discussed at the Policy Committee meeting and sent back for minor rework. Mr. Soli explained that the following new policies were addressed: RMLD Vehicles, Identity Theft Prevention, Other Post Employment Benefits Policy, Anti Idling Policy, and the Board Policy. Mr. Soli said that for the first four policies the General Manager was given revisions and asked to bring the policies back to the Policy Committee. Discussion followed. Mr. Soli stated that for RMLD Policy 19 there was a vote on which the policy had non substantive changes. The Policy Committee thus recommends that the RMLD Board approve Revision 12 to Board Policy 19. Mr. Soli made a motion seconded by Mr. Hahn that the RMLD Board of Commissioners approve Revision 12 to RMLD Policy 19, Board of Commissioners, as presented by the Policy Committee. Mr. Hahn commented that he is concerned about the liability on the OPEB, would like the extent of coverage on the liability insurance coverage and assessment of whether that is adequate to protect the Commissioners. Mr. Soli made a motion seconded by Ms. Snyder to table consideration of RMLD Policy 19 until the next meeting. Motion carried 5:0:0. Approval of March 31, 2010 Board Minutes Mr. Hahn made a motion seconded by Mr. Pacino to approve the Regular Session meeting minutes of March 31, 2010 as presented. Motion carried 4:0:1. Ms. Snyder was not present at the meeting. lceguiar session 1vleeung minutes April 28, 2010 General Manager's Report - Mr. Cameron Northeast Public Power Association Annual Conference August 15 to August 18, Providence, RI Cameron reported that the Northeast Public Power Association Annual Conference will be held August 15 to 1-ugust 18, in Providence, RI. He plans to attend but needs Board authorization to do so. Mr. Hahn made a motion seconded by Mr. Soli to authorize the General Manager to attend the 2010 Northeast Public Power Association Annual Conference August 15 to August 18. Motion carried 5:0:0. Commissioners Pacino, Hahn and Soli will also be attending the 2010 Northeast Public Power Association Annual Conference. Financial Report - March, 2010- Mr. Fournier (Attachment 2) Mr. Fournier reported on the Financial Report for March 2010. For the month of March, net income or the positive change in net assets was $131,000 increasing the year to date net income for the first nine months to $2.4 million. The budgeted net income for this period was $1.8 million, resulting in net income being over budget by $600,000 or 34%. Base revenues were under budget by $24,000 or less than 1/10 of 1%. Purchased power base expense was $365,000 or less than 2% over budget. Actual purchased power base costs were $20.8 million compared to the budgeted amount of $20.5 million. Actual O&M expenses were $8.3 million compared to the budgeted amount of $7.8 million. The major expense that was over budget is maintenance of transformers $486,000. Operating Fund balance was at $4.9 million which is a little cause for concern. Capital Fund balance was at $5.5 million. Rate Stabilization Fund balance was at $5.3 million. Deferred Fuel Fund balance was at $3.671 million. Energy Conservation balance was at $342,000. -emulatively, the five divisions were over budget by $450,000 with the main cause being the Gaw remediation :oject as well as the capital and labor expense. Power Supply Report - March, 2010- Mr. Seldon (Attachment 3) Mr. Seldon reported on the Power Supply Report for March 2010. Mr. Seldon said that the RMLD's load for March 2010 was 57.9 million kilowatt hours, a.36% increase over March 2009. Energy costs were $3 million or 5.2¢ per kilowatt hour. The March fuel charge adjustment was 6.15¢ per kilowatt hour Mr. Seldon stated that the fuel charge adjustment is slated to decrease in May to $.0515. The current forecast projects that in December 2010, the ending Deferred Fuel Cash Reserve balance will be $2.6 million. Engineering and Operations Report - March, 2010 - Mr. Sullivan (Attachment 4) Gaw Mr. Sullivan reported that the expenditures for Gaw are up $69,000, $37,000 for contract labor, $3,000 for procured equipment $29,000 for RMLD labor. The cleaning of the right of way, excavation work, and placement of the 110A transformer are on hold pending EPA action on the report. On the construction side the switchgear will be complete in May. Mr. Sullivan reported that the soil remediation cost is $715,000 as of March 31. Mr. Sullivan then reported on the variance report. Capital Projects: 1 is complete; 22 will start in April; 2 is complete; 3 cable will be shipped on May 7 and will begin mid May; 4 is complete; 5 removed from budget because RMLD will not get poles from Verizon and it is not critical; 6 will be complete in one month; 7 began in April; 8 will begin the end of May; 9 and10 no activity since August 2009, however will be complete next month, 11 carry over due to soil remediation and 23 carry over due to materials lead time. Sullivan reported that the CAIDI was 66.05 minutes, 41.97 is the rolling average which is below 30.98, the MLD four year average. Mr. Sullivan said that the figures in February are 60.54 minutes and in March 66.05 nnutes. lcegular 3essioll 1vleCling 1v11Ilules April 28, 2010 Engineering and Operations Report - March, 2010 - Mr. Sullivan (Attachment 4) Mr. Sullivan reported relative to the SAIFI, there were .31 incidents in March whereas in February there was a peak of 1.56 incidents. Mr. Sullivan explained that the reason for this is 3,838 customers in February were without service however, in March there were 755 customers without service. Mr. Sullivan noted that the MBTI was February 17.6 and March 17.1 interruptions. Discussion followed. M.G.L. Chapter 30B Bids 2010-8 - Hourly Rates for Professional Manpower, Vehicles, Trade Tools and Equipment for Underground Electrical Distribution Construction Mr. Sullivan reported that this bid is for a one crew, three year contract. There were sixteen invitations to bid and the RMLD received six bids back. The bid was based on the cost for a three year contract with a crew that includes a working foreman, journeyman electrician and an apprentice. The lowest bidder was Fischbach & Moore. Discussion ensued. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2010-8 for Hourly Rates for Professional Manpower, Vehicles, Trade Tools and Equipment for Underground Electrical Distribution Construction be awarded to Fischbach & Moore Electrical Group, LLC for $904,800.00 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. 2010-13 - Cooling Tower Replacement Mr. Cameron explained that the RMLD hired an engineering consultant to assist in the design of the cooling tower and part of the contract is to assess the bids. Mr. Owen introduced the representative of RDK Engineers; Benjamin Ipsen, who is the engineering consultant on the project. Discussion followed. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2010-13 for the Cooling Tower Replacement be awarded to Cranney Companies, Inc. for $141,000.00 as the lowest qualified and responsive bidder on the recommendation of the General Manager. Motion carried 5:0:0. General Discussion Mr. Pacino asked who the Town of Reading, Selectmen liaison is. Mr. Cameron replied that it is Mr. Schubert and he receives an RMLD Board packet when the Commissioners receive their packets. Mr. Pacino pointed out that the Reading Home Rule Charter, states that the RMLD is to make a presentation annually to the town's Finance Committee. Mr. Pacino said that he would like Mr. Cameron check into this. Mr. Cameron said that he will speak to the Town Manager about making this presentation. Mr. Vale said that the CAB reviewed both the fiscal year 2011 Operating and Capital budgets with a recommendation to the RMLD Board to accept the budgets. Mr. Vale commented that at the CAB meeting there were a few questions and adjustments to the budgets. Mr. Vale reported that the Cape Wind project is back on track. Chairman O'Neill reported that the Lynnfield Town Meeting approved the extension to the Twenty Year Agreement. Chairman O'Neill stated that there is one meeting left for the Twenty Year Agreement extension, this Saturday, May 1 for Wilmington Town Meeting. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED Rate Comparisons, April 2010 E-Mail responses to Account Payable/Payroll Questions iceguiar session ivieeting minutes April 28, 2010 Upcoming Meetings MLD Board Meetings - Wednesday, May 26, 2010, Wednesday, June 30, 2010 Ms. Snyder stated that she is not able to attend the RMLD Board meeting on June 30, 2010. Wilmington Town Meeting - Twenty Year Agreement Extension, Saturday, May 1, 2010 Executive Session At 9:18 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to discuss strategy with respect to collective bargaining and litigation, Chapter 164 Section 47D, exemption from public records and open meeting requirements in certain instances, and return to Regular Session for the release of Executive Session minutes and adjournment. Motion carried 5:0:0. Mr. Soli, Aye; Ms. Snyder, Aye; Chairman O'Neill, Aye; Mr. Pacino; Aye and Mr. Hahn, Aye. The Board re-entered Regular Session at 9:39 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 for November 6, 2007, November 28, 2007, January 16, 2008, January 23, 2008, February 20, 2008, April 23, 2008, June 11, 2008, July 23, 2008, August 27, 2008, and September 24, 2008. Motion carried 4:0:1. Ms. Snyder abstained. Adjournment At 9:41 p.m. Mr. Pacino made a motion seconded by Mr. Hahn to adjourn the Regular Session. Motion carried 5:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Philip B. Pacino, Secretary RMLD Board of Commissioners ct ct U O O 4 U o U N c U ~ U ~ O COO N C) ct Q ct a~ ct Ct ct O ~ Q bOA O U cn ct ct vs ct O ccS + U U+ O ct • r-+ U V1 ~ O ~ Ct U~•O ct C cc3 U ~ O 43 ~ cC C) ct ct O • En O • ~ O Z~ p4 ct U ~ • O N O U U U O ~ O o ~ o O ~ P~ ~ U i7~ O N 4.~ 4> O U U 4.~ O U •O O U 4J N O O O U o ~ O 4- ct ~ U U ~ Ct ct O ~ U O q~j O U N ~ U aA ~ ct 0 N U U ct ~ o O ~ N a~ U ~ O ~ U ct 0 a~ U CCU N ~ U V O 0 U ~ ct .F..~ . rw~ ct ct O ~ O cc cc • ~ U O O b1J 4.~ c o U , t ° O Q , u O bJJ N ct Ct o 0 4-j O N Ct ct o u ° O O C~ • p~ r r+ U o o o 0 lit: April 2 2U l u To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti C', r Fr: Bob Fournier/0' 6(ld Sj: March 31, 2010 Report The results for the first nine months ending March 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 March, net income or the positive change in net assets was $131,887 increasing the year to date net income for the first nine months to $2,443,212. The budgeted net income for this period was $1,824,324, resulting in net income being over budget by $618,888, or 33.92%. Fuel revenues exceeded fuel expenses by $2,321,509. In addition, year to date energy conservation revenues exceeded energy conservation expenses by $151,987. GAW soil remediation expenses total $612,900. 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 under budget by $23,466 or.08%. Actual base revenues were $29.5 million compared to the reforcasted amount $29.5. Expenses: (Page 12A) *Purchased power base expense was $365,529 or 1.79% over budget. Actual purchased power base costs were $20.8 million compared to the budgeted amount of $20.5 million. *Operating and Maintenance (O&M) expenses combined were over budget by $455,994 or 5.82%. Actual O&M expenses were $8.3 million compared to the budgeted amount of $7.8 million. The major expense that was over budget is maintenance of line transformers ($485,437). "Depreciation expense and voluntary, payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund balance was at $4,910,308. *Capital Funds balance was at $5,545,661. *Rate Stabilization Fund balance was at $5,301,280. '-Deferred Fuel Fund balance was at $3,671,637. *Energy Conservation balance was at $342,701 5) General Information: Kwh sales (Page 5) lag behind last year's figure by 21.5 million kwh or 3.99%. 6) Budget Variance: Cumulatively, the five divisions were over budget by $448,810 or 3.46%. 7) Trends: The fuel charge decreased from $.0665 in February to $.0615 in March. TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 3/31/10 ASSETS CURRENT UNRESTRICTED CASH RESTRICTED CASH RESTRICTED INVESTMENTS RECEIVABLES, NET PREPAID EXPENSES INVENTORY TOTAL CURRENT ASSETS NONCURRENT INVESTMENT IN ASSOCIATED CO CAPITAL ASSETS, NET OTHER ASSETS TOTAL NONCURRENT ASSETS TOTAL ASSETS PREVIOUS YEAR CURRENT YEAR (SCH A P.9) 6,499,361.84 4,913,308.32 (SCH A P.9) 14,284,104.20 14,934,322.28 (SCH A P.9) 4,400,000.00 4,400,000.00 (SCH B P.10) 9,104,020.17 8,063,269.11 (SCH B P.10) 1,337,654.92 1,820,809.31 1,432,108.13 1,419,450.95 37,057,249.26 35,551,159.97 (SCH C P.2) 122,391.17 108,967.43 (SCH C P.2) 64,194,662.10 65,643,284.17 (SCH C P.2) 16,893.90 14,523.70 64,333,947.17 65,766,775.30 101,391,196.43 101,317,935.27 LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES CURRENT PORTION OF BONDS PAYABLE TOTAL CURRENT LIABILITIES NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION ACCRUED EMPLOYEE COMPENSATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT RESTRICTED FOR DEPRECIATION FUND (P.9) UNRESTRICTED TOTAL NET ASSETS (P.3) TOTAL LIABILITIES AND NET ASSETS 4,936,407.53 501,911.73 680,044.28 861,248.76 550,000.00 7,529,612.30 5,737,639.16 493,771.43 590,040.02 1,140,442.51 0.00 7,961,893.12 0.00 0.00 2,682,.217.58 2,873,114.33 2,682,217,58 2,873,114.33 10,211,829.88 10,835,007.45 63,644,662.10 65,643,284.17 4,855,461.61 5,545,661.50 22,679,242.84 19,293,982.15 91,179,366.55 90,482,927.82 101 391 196.43 101,317,935.27 (1) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 3/31/10 SCHEDULE C SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF CAPITAL ASSETS LAND STRUCTURES AND IMPROVEMENTS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL UTILITY PLANT SCHEDULE OF OTHER ASSETS PURCHASED POWER WORKING CAPITAL UNAMORTIZED DEBT EXPENSE TOTAL OTHER ASSETS TOTAL NONCURRENT ASSETS PREVIOUS YEAR 46,153.24 76,237.93 122,391.17 1,265,842.23 7,288,907.18 11,838,622.92 43,801,289.77 64,194,662.10 14,523.70 2,370.20 16,893.90 64,333,947.17 CURRENT YEAR 41,937.50 67,029.93 108,967.43 1,265,842.23 6,997,681.11 13,054,854.55 44,324,906.28 65,643,284.17 14,523.70 0.00 14,523.70 65,766,775.30 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 3/31/10 MONTH MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE OPERATING REVENUES: (SCH D P.11) BASE REVENUE 2,964,220.81 2,939,624.37 29,894,987.10 29,558,229.60 -1.13% FUEL REVENUE 3,249,634.70 3,138,855.35 44,521,648.18 33,399,974.65 -24.98% PURCHASED POWER CAPACITY 379,936.98 580,133.13 1,866,281.61 3,152,192.03 68.909,. FORFEITED DISCOUNTS 78,663.77 71,658.94 661,037.75 652,010.42 -1.37% ENERGY CONSERVATION REVENUE 40,922.32 41,027.59 271,064.76 415,864.43 - 53.42% PASNY CREDIT (135,855.60) (75,632.25) (135,855.60) (389,266.09) 186.53% TOTAL OPERATING REVENUES 6,577,522.98 6,695,667.13 77,079,163.80 66,789,005.04 -13.3591. OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE 2,500,400.80 2,323,039.53 19,297,406.01 20,837,453.69 7.98% PURCHASED POWER FUEL 3,239,282.57 3,009,718.08 42,403,357.33 31,078,465.50 -26.71% OPERATING 751,302.10 474,172.08 5,954,873.29 6,099,456.67 2.43% MAINTENANCE 171,858.19 264,324.16 1,706,213.52 2,184,788.53 28.0591 DEPRECIATION 261,200.00 280,105.78 2,350,800.00 2,520,952.02 7.24% VOLUNTARY PAYMENTS TO TOWNS 100.750.00 104.500.00 883,481.00 940.246.00 6.43% TOTAL OPERATING EXPENSES 7,024,793.66 6,455,859.63 72,596,131.15 63,661,362.41 -12.31% OPERATING INCOME (447,270.68) 239,807.50 4,483,032.65 3,127,642.63 -30.23% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 3,855.64 4,835.13 243,159.15 561,075.84 130 RETURN ON INVESTMENT TO READING (176,060.33) (182,222.50) (1,584,543.99) (1,640,002.50) INTEREST INCOME 20,464.87 16,097.28 298,140.66 154,747.04 -48.10% INTEREST EXPENSE (3,850.20) (1,253.81) (35,316.64) (17,050.21) -51.72% OTHER (MDSE AND AMORT) 44,658.91 54,623.78 151,866.03 256,798.90 69.1051. TOTAL NONOPERATING REV (EXP) (110,931.11) (107,920.12) (926,694.79) (684,430.93) -26.14% CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF MARCH (558,201.79) 131,887.38 3,556,337.86 2,443,211.70 -31.30% 87,623,028.69 88,039,716.12 0.48% 91,179,366.55 90,482,927.82 -0.76% (3) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS-TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 3/31/10 ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE OPERATING REVENUES: (SCH F P.11B) BASE REVENUE 29,558,229.60 29,581,696.00 (23,466.40) -0.08% FUEL REVENUE 33,399,974.65 32,689,985.00 709,989.65 2.17% PURCHASED POWER CAPACITY 3,152,192.03 2,943,921.00 208,271.03 7.07% FORFEITED DISCOUNTS 652,010.42 642,725.00 9,285.42 1.44% ENERGY CONSERVATION REVENUE 415,864.43 422,913.00 (7,048.57) -1.67% PASNY CREDIT (389,266.09) _(210,225.00) (179,041.09) 100.00% TOTAL OPERATING REVENUES 66,789,005.04 66,071,015.00 717,990.04 1.09% OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE 20,837,453.69 20,471,924.00 365,529.69 1.79% PURCHASED POWER FUEL 31,078,465.50 31,669,874.68 (591,409.18) -1.87% OPERATING 6,099,456.67 6,189,296.44 (89,839.77) -1.45% MAINTENANCE 2,184,788.53 1,638,954.64 545,833.89 33.30% DEPRECIATION 2,520,952.02 2,528,134.68 (7,182.66) -0.28% VOLUNTARY PAYMENTS TO TOWNS 940,246.00 940,246.00 0.00 0.00% TOTAL OPERATING EXPENSES 63,661,362.41 63,438,430.44 222,931.97 0.35% OPERATING INCOME 3,127,642.63 2,632,584.56 495,058.07 18.815o NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 561,075.84 510,356.00 50,719.84 9.945. RETURN ON INVESTMENT TO READING (1,640,002.50) (1,640,010.00) 7.50 0.00% INTEREST INCOME 154,747.04 199,075.00 (44,327.96) -22.27% INTEREST EXPENSE (17,050.21) (17,040.00) (10.21) 0.06% OTHER (MDSE AND AMORT) 256,798.90 139,358.00 117,440.90 84.27% TOTAL NONOPERATING REV (EXP) (684,430.93) (808,261.00) 123,830.07 -15.32% CHANGE IN NET ASSETS 2,443,211.70 1,824,323.56 618,888.14 33.92% NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 88,039,716.12 0.00 0.00% NET ASSETS AT END OF MARCH 90,482,927.82 89,864,039.68 618,888.14 0.69% * ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL/6 MONTHS BUDGET (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 3/31/10 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 4,403,129.56 1,000,000.00 17,729.17 2,520,952.02 0.00 1,110,997.00 9,052,807.75 USE OF CAPITAL FUNDS: PAID ADDITIONS TO PLANT THRU MARCH PAID ADDITIONS TO GAW THRU MARCH TOTAL USE OF CAPITAL FUNDS 2,396,149.25 1,110,997.00 GENERAL LEDGER CAPITAL FUNDS BALANCE 3/31/10 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL 3,507,146.25 5,545,661.50 1,110,997.00 3,136,764.00 1,895,975.00 6,143,736.00 (4) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 3/31/10 MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 18,097,637 18,353,938 193,549,236 189,544,591 -2.07% COMM. AND INDUSTRIAL SALES 30,075,511 30,066,818 323,505,294 305,149,590 -5.67% PRIVATE STREET LIGHTING 71,309 70,918 640,821 639,051 -0.28% TOTAL PRIVATE CONSUMERS 48,244,457 48,491,674 517,695,351 495,333,232 -4.32% MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS TOTAL MUNICIPAL CONSUMERS SALES FOR RESALE SCHOOL TOTAL KILOWATT HOURS SOLD 239,323 237,395 2,167,243 2,135,557 815,195 803,076 9,363,337 7,547,519 1,054,518 1,040,471 11,530,580 9,683,076 255,454 263,452 2,588,388 2,508,953 1,249,166 1,241,819 8,203,268 10,949,461 50,803,595 51,037,416 540,017,587 518,474,722 -1.46% -19.39% -16.02% -3.07% 33.48% -3.99% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 3/31/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL TOTAL YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS NMI BLDGS SALES/RESALE SCHOOL TOTAL LAST YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS SALES/RESALE SCHOOL TOTAL KILOWATT HOURS SOLD TO TOTAL MONTH RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL YEAR TO DATE TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES/RESALE SCHOOL LAST YEAR TO DATE TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS SALES/RESALE SCHOOL TOTAL 18,353,938 5,911,670 2,435,821 4,323,860 5,682,587 30,066,818 3,751,467 241,387 4,651,102 21,422,862 70,918 13,715 1,360 21,050 34,793 237,395 78,651 32,851 39,710 86,183 803,076 241,411 131,795 143,149 286,721 263,452 263,452 0 0 0 1,241,819 429,516 247,936 172,000 392,367 511037,416 10,689,882 3,091,150 9,350,871 27,905,513 189,544,591 59,248,986 26,886,534 43,823,295 59,585,776 305,149,590 37,918,784 2,473,604 47,765.,689 216,991,513 639,051 125,615 12,240 188,342 312,854 2,135,557 707,759 295,659 357,324 774,815 7,547,519 2,024,185 1,264,297 1,430,204 2,828,833 2,508,953 2,508,953 0 0 0 10,949,461 4,008,192 2,220,727 1,397,640 3,322,902 518,474,722 106,542,474 33,153,061 94,962,494 283,816,693 193,549,236 61,323,982 27,344,553 45,151,068 59,729,633 332,868,631 43,367,468 4,447,784 58,107,980 226,945,399 640,821 124,419 12,280 195,073 309,049 2,167,243 741,015 295,719 356,480 774,029 2,588,388 2,588,388 0 0 0 8,203,268 3,094,123 1,581,831 1,019,800 2,507,514 540,017,587 111,239,395 33,682,167 104,830,401 290,265,624 TOTAL READING LYNNFIELD NO.READING WILMINGTON 35.96% 11.58% 4.77% 8.47% 11.14% 58.91% 7.35% 0.47% 9.11% 41.98% 0.14% 0.03% 0.00% 0.04% 0.07% 0.47% 0.15% 0.06% 0.08% 0.18% 157% 0.47% 0.26% 0.28% 0.56% 0.52 % 0.52% 0.00% 0.00% 0.00% 2.43% 0.84% 0.49% 0.34% 0.76% 100.00% 20.94% 6.05% 18.32% 54.69% 36.56% 11.43% 5.19% 8.45% 11.49% 58.86% 7.31% 0.48% 9.21% 41.86% 0.12% 0.02% 0.00% 0.04% 0.06% 0.41% 0.14% 0.06% 0.07% 0.14% 1.46% 0.39% 0.24% 0.28% 0.55% 0.48% 0.48% 0.00% 0.00% 0.00% 2.11% 0.77% 0.43% 0.27% 0.64% 100.009, 20.5451. 6.40% 18.32% 54.74% 35.84% 11.36% 5.06% 8.36% 11.06% 61.64% 8.03% 0.82% 10.76% 42.03% 0.12% 0.02% 0.00% 0.04% 0.06% 0.40% 0.14% 0.05% 0.0751. 0.14% 0.48% 0.48% 0.00% 0.00% 0.00% 1.52% 0.57% 0.29% 0,19% 0.47% 100.00% 20.60% 6.22% 19.42% 53.7656 (6) 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 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 3/31/10 MONTH OF MONTH OF % CHANGE YEAR THRU MAR 2009 MAR 2010 2009 2010 MAR 2009 MAR 2010 50,803,595 51,037,416 -2.10% -3.99% 540,017,587 518,474,722 57,753,142 57,958,559 -2.84% -2.78% 551,654,471 536,307,980 0.043295 0.040081 19.97% 11.07% 0.034981 0.038854 0.058347 0.057597 5.31% 2.98% 0.055359 0.057010 0.099383 0.092010 28.5151. -13.4591. 0.111847 0.096802 0.122311 0.119099 27.14% -11.88% 0.137804 0.121430 3,249,634.70 3,138,855.35 44.60% -24.98% 44,521,648.18 33,399,974.65 75.73% 76.49% 104,469 103,795 (8) 0L HvN O L 93d / N Ndr 4-j 60 090 Cf) 4.., O / 60 AON ( ) > 60100 ® 60 d3S (D 60 Jnd 1 fyr; J 601nr k c V 60 Nnr 60 AHW j 60 Jdd 60 HdW f 60 93.E 60 NHr i 80 030 ' 80 AON 80 100 80 d3S eo!Dnv y r ' t 80 inr 80 Nnr ~ 80 AVA ' 80 HdH iK, 80 >ddW 80 93d j # ! 80 Ndr LO 030 ' f LO AON LO 100 LO d3S s LO E)nv LO inr LO Nnr LO AVN I i C LO Kidd I LOUVN LO O LO O LO O LO O O CO P~-- L d' N T - r O O U O O O O O O O `J O O O i 6r> 69- 6a -Ea 09- (JS ta 6f TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 3/31/10 SCHEDULE A UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND CASH - CONSTRUCTION FUND CASH - TOWN PAYMENT CASH - BOND PAYMENTS CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - UNCOLLECTIBLE ACCTS RESERVE CASH - SICK LEAVE BENEFITS CASH - INSURANCE RESERVE CASH - HAZARD WASTE RESERVE CASH - CUSTOMER DEPOSITS CASH - ENERGY CONSERVATION TOTAL RESTRICTED CASH RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS TOTAL RESTRICTED INVESTMENTS TOTAL CASH BALANCE MARCH 2009 * FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP MARCH 2010 * FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED NATIONAL MTG ASSN PREVIOUS YEAR CURRENT YEAR 6,496,361.84 4,910,308.32 3,000.00 3,000.00 6,499,361.84 4,913,308.32 4,855,461.61 0.00 830,400.00 435,600.00 2,887,765.95 3,300,422.42 28,988.15 1,258,302.62 35,251.72 150,000.00 501,911.73 0.00 5,545,661.50 0.00 860,175.00 0.00 3,671,637.31 2,401,280.37 28,988.15 1,404,855.29 35,251.72 150,000.00 493,771.43 342,701.51 14,284,104.20 14,934,322.28 2,900,000.00 2,900,000.00 1,500,000.00 1,500,000.00 4,400,000.00 4,400,000.00 25,183,466.04 24,247,630.60 1,400,000.00; DTD 05/08/08; INT 4.00%; MATURITY 11/15/13 500,000.00; DTD 01/17/08; INT 4.25%; MATURITY 07/15/13 500,000.00; DTD 01/25/08; INT 4.25%; MATURITY 01/15/15 500,000.00; DTD 11/13/07; INT 5.25%; MATURITY 11/13/17 1,400,000.00; DTD 07/02/09; INT 3.25%; MATURITY 07/15/14 1,500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13 500,000.00; DTD 06101109; INT 3.70%; MATURITY 06111116 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 3/31/10 SCHEDULE B SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL ACCOUNTS RECEIVABLE - OTHER ACCOUNTS RECEIVABLE - LIENS ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES SALES DISCOUNT LIABILITY RESERVE FOR UNCOLLECTIBLE ACCOUNTS TOTAL ACCOUNTS RECEIVABLE BILLED UNBILLED ACCOUNTS RECEIVABLE TOTAL ACCOUNTS RECEIVABLE, NET SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREPAYMENT PURCHASED POWER PREPAYMENT PASNY PREPAYMENT WATSON TOTAL PREPAYMENT ACCOUNTS RECEIVABLE AGING MARCH 2010: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE PREVIOUS YEAR 4,296,327.43 350,852.38 114,615.05 1,067.16 (231,641.15) (189,562.45) 4,341,658.42 4,762,361.75 9,104,020.17 917,356.53 89,981.99 330,316.40 0.00 CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL 1,337,654.92 3,859,660.67 (252,163.79) 3,607,496.88 2,622,774.02 72.70% 434,812.67 12.05% 258,236.06 7.16% 106,755.68 2.96% 184,918.45 5.13% 3,607,496.88 100.00% CURRENT YEAR 3,859,660.67 346,205.93 157,671.62 1,067.16 (252,163.79) (222,117.06) 3,890,324.53 4,172,944.58 8,063,269.11 1,143,707.71 266,173.35 271,753.66 139,174.59 1,820,809.31 (10) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 3/31/10 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,407,840.09 2,386,629.57 28,842,008.43 25,222,718.63 -12.55% COMMAND INDUSTRIAL SALES 3,459,388.00 3,349,644.10 42,100,016.44 34,612,314.85 -17.79% PRIVATE STREET LIGHTING 10,453.65 10,256.30 105,082.88 94,231.85 -10.33% TOTAL PRIVATE CONSUMERS 5,877,681.74 5,746,529.97 71,047,107.75 59,929,265.33 -15.65% MUNICIPAL SALES: STREET LIGHTING 46,626.48 45,696.51 458,908.88 418,076.83 -8.90% . MUNICIPAL BUILDINGS 99,025.23 95,735.02 1,434,240.67 920,657.60 -35.81% TOTAL MUNICIPAL CONSUMERS 145,651.71 141,431.53 1,893,149.55 1,338,734.43 -29.299. SALES FOR RESALE 32,169.25 32,411.08 384,642.13 317,625.66 -17.42% SCHOOL 158,352.81 158,107.14 1,091,735.85 1,372,578.83 25.72% SUB-TOTAL 6,213,855.51 6,078,479.72 74,416,635.28 62,958,204.25 -15.4011. FORFEITED DISCOUNTS 78,663.77 71,658.94 661,037.75 652,010.42 PURCHASED POWER CAPACITY 379,936.98 580,133.13 1,866,281.61 3,152,192.03 68.90% ENERGY CONSERVATION - RESIDENTIAL 9,061.11 9,183.84 59,999.06 94,820.91 58.04% ENERGY CONSERVATION - COMMERCIAL 31,861.21 31,843.75 211,065.70 321,043.52 52.11% PASNY CREDIT (135,855.60) (75,632.25) (135,855.60) (389,266.09) 186.53% TOTAL REVENUE 6,577,522.98 6,695,667.13 77,079,163.80 66,789,005.04 -13.35% (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 3/31/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 2,386,629.57 770,646.63 315,670.29 561,688.73 738,623.92 INDUS/MUNI BLDG 3,445,379.12 467,621.00 44,430.66 546,254.19 2,387,073.27 PUB.ST.LIGHTS 45,696.51 15,824.64 5,640.60 7,583.72 16,647.55 PRV.ST.LIGHTS 10,256.30 1,943.20 195.80 3,178.86 4,938.44 CO-OP RESALE 32,411.08 32,411.08 0.00 0.00 0.00 SCHOOL 158,107.14 55,096.04 31,137.64 22,324.96 49,548.50 TOTAL 6,078,479.72 1,343,542.59 397,074.99 1,141,030.46 3,196,831.68 THIS YEAR TO DATE RESIDENTIAL 25,222,718.63 7,905,999.30 3,561,539.94 5,837,045.95 7,918,133.44 INDUS/MUNI BLDG 35,532,972.46 4,752,931.25 448,519.26 5,683,483.43 24,648,038.51 PUB.ST.LIGHTS 418,076.83 144,723.32 51,738.62 69,395.84 152,219.05 PRV.ST.LIGHTS 94,231.84 18,132.30 1,806.51 29,095.19 45,197.85 CO-OP RESALE 317,625.66 317,625.66 0.00 0.00 0.00 SCHOOL 1,372,578.83 501,151.53 274,532.76 180,802.67 416,091.87 TOTAL 62,958,204.25 13,640,563.36 4,338,137.07 11,799,823.09 33,179,680.73 LAST YEAR TO DATE RESIDENTIAL 28,842,008.43 9,156,754.87 4,067,606.54 6,722,768.91 8, 894, 878.11 INDUS/MUNI BLDG 43,534,257.11 5,877,363.34 621,684.28 7,615,019.24 29,420,190.25 PUB.ST.LIGHTS 458,908.88 161,886.97 56,749.18 75,167.12 165,105.61 PRV.ST.LIGHTS 105,082.88 20,047.41 2,024.91 33,348.64 49,661.92 CO-OP RESALE 384,642.13 384,642.13 0.00 0.00 0.00 SCHOOL 1,091,735.85 410,711.62 208,298.95 139,710.28 333,015.00 TOTAL 74,416,635.28 16,011,406.34 4,956,363.86 14 586 014.19 38,862,850.89 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 39.26% 12.68% 5.19% 9.24% 12.15% INDUS/MUNI BLDG 56.68% 7.69% 0.73% 8.99% 39.27% PUB.ST.LIGHTS 0.75% 0.26% 0.09% 0.12% 0.28% PRV.ST.LIGHTS 0.17% 0.03% 0.00% 0.05% 0.09% CO-OP RESALE 0.53% 0.53% 0.00% 0.00% 0.00% SCHOOL 2.61% 0.91% 0.51% 0.37% 0.82% TOTAL 100.00% 22,10% 6.52% 18.77% 52.61% THIS YEAR TO DATE RESIDENTIAL 40.07% 12.56% 5.66% 9.27% 12.58% INDUS/MUNI BLDG 56.44% 7.55% 0.71% 9.03% 39.1596 PUB.ST.LIGHTS 0.66% 0.23% 0.08% 0:11% 0.245. PRV.ST.LIGHTS 0.15% 0.0391. 0.009. 0.05% 0.07% CO-OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 2.18% 0.80% 0.44% 0.29% 0.65% TOTAL 100.00% 21.67% 6.89% 18.75% 52.69% LAST YEAR TO DATE RESIDENTIAL 38.75% 12.30% 5.47% 9.03% 11.95% INDUS/MUNI BLDG 58.50% 7.90% 0.84% 10.23% 39.535. PUB.ST.LIGHTS 0.62% 0.22% 0.08% 0.10% 0.229. PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07% CO-OP RESALE 0.52% 0.52% 0100% 0.00% 0.00% SCHOOL 1.47% 0.55% 0.28% 0.19% 0.455. TOTAL 100.00% 21.52% 6.67% 19.59% 52.22% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 3/31/10 SCHEDULE F SALES OF ELECTRICITY: RESIDENTIAL COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING SALES FOR RESALE SCHOOL TOTAL BASE SALES TOTAL FUEL SALES TOTAL OPERATING REVENUE FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL PASNY CREDIT TOTAL OPERATING REVENUES * ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL/6 MONTHS BUDGET ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 13,001,500.74 12,881,299.00 120,201.74 0.93% 15,451,704.96 15,575,066.00 (123,361.04) -0.79% 280,808.40 315,123.00 (34,314.60) -10.89% 155,722.90 166,161.00 (10,438.10) -6.28% 668,492.60 644,047.00 24,445.60 3.80% 29,558,229.60 29,581,696.00 (23,466.40) -0.089. 33,399,974.65 32,689,985.00 709,989.65 2.17% 62,958,204.25 62,271,681.00 686,523.25 1.10% 652,010.42 642,725.00 9,285.42 1.44% 3,152,192.03 2,943,921.00 208,271.03 7.07% 94,820.91 105,974.00 (11,153.09) -10.52% 321,043.52 316,939.00 4,104.52 1.30% (389,266.09) (210,225.00) (179,041.09) 85.17% 66,789,005.04 66,071,015.00 717,990.04 1.09% (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 3/31/10 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 2,500,400.80 2,323,039.53 19,297,406.01 20,837,453.69 7 98% . OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0100 0.00% OPERATION SUP AND ENGINEERING EXP 35,242.15 41,750.56 288,050.85 309,509.67 7.45% STATION SUP LABOR AND MISC 5,972.22 8,385.46 60,968.50 58,329.11 -4.33% LINE MISC LABOR AND EXPENSE 58,728.15 60,698.28 477,299.35 475,854.03 -0.30% STATION LABOR AND EXPENSE 40,321.18 37,690.82 349,916.12 349,468.99 -0.13% STREET LIGHTING EXPENSE 7,669.45 5,695.97 51,763.67 38,109.11 -26.38% METER EXPENSE 42,193.01 34,383.43 296,222.25 297,687.68 0.499, MISC DISTRIBUTION EXPENSE 32,478.46 29,011.98 251,634.26 243,390.52 -3.28% METER READING LABOR & EXPENSE 5,152.65 4,554.71 55,591.24 54,323.05 -2.28% ACCT & COLL LABOR & EXPENSE 125,521.20 131,049.33 1,109,967.10 1,017,201.48 -8.36% UNCOLLECTIBLE ACCOUNTS 10,400.00 12,500.00 93,600.00 112,992.92 20.72% ENERGY AUDIT EXPENSE 20,002.93 54,033.33 360,431.00 350,566.08 -2.74% ADMIN & GEN SALARIES 74,714.68 72,583.31 569,671.57 583,925.68 2.50% OFFICE SUPPLIES & EXPENSE 38,706.67 21,778.59 209,212.00 198,611.49 -5.07% OUTSIDE SERVICES 24,631.46 3,422.04 165,469.12 208,748.03 0.00% PROPERTY INSURANCE 31,019.93 30,646.58 250,753.18 282,583.03 12.69% INJURIES AND DAMAGES 4,696.17 3,782.60 47,578.81 43,411.27 -8.76% EMPLOYEES PENSIONS & BENEFITS 86,196.86 (130,268.24) 926,561.85 941,575.66 1.62% MISC GENERAL EXPENSE 9,496.87 16,248.83 128,896.55 121,362.24 -5.85% RENT EXPENSE 33,846.06 15,956.25 150,564.87 147,929.31 -1.75% ENERGY CONSERVATION 64,312.00 20,268.25 110,721.00 263,877.32 136.33% TOTAL OPERATION EXPENSES 751,302.10 474,172.08 5,954,873.29 6,099,456.67 2.43% V--NTENANCE EXPENSES: `--...._,_,.NT OF TRANSMISSION PLANT 227.08 227.08 2,0.43.74 2,043.74 0.00% MAINT OF STRUCT AND EQUIPMT 11,645.10 11,172.09 192,847.26 70,148.17 -63.63% MAINT OF LINES - OH 77,670.26 144,319.39 841,056.13 893,170.17 6.20% MAINT OF LINES - UG 7,190.64 923.64 103,592.30 130,892.88 26.35% MAINT OF LINE TRANSFORMERS * 0.00 54,276.29 49,052.95 648,436.89 1221.91% MAINT OF ST LT & SIG SYSTEM (18.13) 23.23 26.60 (106.38) -499.92% MAINT OF GARAGE AND STOCKROOM 65,944.84 44,982.56 450,106.82 369,133.88 -17.99% MAINT OF METERS 0.00 0.00 0.00 531.31 100.00% MAINT OF GEN PLANT 9,198.40 8,399.88 67,487.72 70,537.87 4.52% TOTAL MAINTENANCE EXPENSES 171,858.19 264,324.16 1,706,213.52 2 184 788 53 28 05% , , . . DEPRECIATION EXPENSE 261,200.00 280,105.78 2,350,800.00 2,520,952.02 7.24% PURCHASED POWER FUEL EXPENSE 3,239,282.57 3,.009,718.08 42,403,357.33 31,078,465.50 -26.71% VOLUNTARY PAYMENTS TO TOWNS 100,750.00 104,500.00 883,481.00 940,246.00 6.43% TOTAL OPERATING EXPENSES i,vaY,,7~.0o b,4bb,tl5y.b3 72,596,131.15 63,661,362.41 -12.31% * Includes GAW soil remediation expenses totalling $612,900.18 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 3/31/10 SCHEDULE G ACTUAL BUDGET % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER BASE EXPENSE 20,837,453.69 20,471,924.00 365,529.69 1.79% OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 309,509.67 297,431.99 12,077.68 4.06% STATION SUP LABOR AND MISC 58,329.11 44,722.88 13,606.23 30.42% LINE MISC LABOR AND EXPENSE 475,854.03 472,569.99 3,284.04 0.69% STATION LABOR AND EXPENSE 349,468.99 356,576.33 (7,107.34) -1.99% STREET LIGHTING EXPENSE 38,109.11 45,047.82 (6,938.71) -15.40% METER EXPENSE 297,687.68 308,907.49 (11,219.81) -3.63% MISC DISTRIBUTION EXPENSE 243,390.52 248,295.19 (4,904.67) -1.98% METER READING LABOR & EXPENSE 54,323.05 57,082.35 (2,759.30) -4.83% ACCT & COLL LABOR & EXPENSE 1,017,201.48 1, 069, 127.46 (51,925.98) -4.86% UNCOLLECTIBLE ACCOUNTS 112,992.92 112,992.92 0.00 0.00% ENERGY AUDIT EXPENSE 350,566.08 510,066.37 (159,500.29) -31.27% ADMIN & GEN SALARIES 583,925.68 590,195.30 (6,269.62) -1.06% OFFICE SUPPLIES & EXPENSE 198,611.49 194,808.12 3,803.37 .1.95% OUTSIDE SERVICES 208,748.03 231,756.86 (23,008.83) -9.9351 PROPERTY INSURANCE 282,583.03 301,086.43 (18,503.40) -6.15% INJURIES AND DAMAGES 43,411.27 44,254.30 (843.03) -1.90% EMPLOYEES PENSIONS & BENEFITS 941,575.66 853,637.37 87,938.29 10.30% MISC GENERAL EXPENSE 121,362.24 134,125.55 (12,763.31) -9.52% RENT EXPENSE 147,929.31 136,639.94 11,289.37 8.26% ENERGY CONSERVATION 263,877.32 179,971.78 83,905.54 46.62% TOTAL OPERATION EXPENSES 6,099,456.67 6,189,296.44 (89,839.77) -1.45% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMENT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS 2,043.74 2,112.50 (68.76) 70,148.17 77,367.69 (7,219.52) 893,170.17 785,633.36 107,536.81 130,892.88 114,237.03 16,655.85 648,436.89 162,999.34 485,437.55 (106.38) 2,447.87 (2,554.25) 369,133.88 416,621.32 (47,487.44) 531.31 1,747.31 (1,216.00) 70,537.87 75,788.22 (5,250.35) 2,184,788.53 1,638,954.64 545,833.89 2,520,952.02 31,078,465.50 940,246.00 2,528,134.68 31,669,874.68 940,246.00 -3.25% -9.33% 13.69% 14.58s'. 297.82% -104.35% -11.40% -69.59% -6.93% 33.30% (7,182.66) -0.28% (591,409.18) -1.87% 0.00 0.00% TOTAL OPERATING EXPENSES 63,661,362.41 63,438,430.44 222,931.97 0.35% * ( ) = ACTUAL UNDER BUDGET REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL/6 MONTHS BUDGET * Includes GAW soil remediation expenses totalling $612,900.18 (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 3/31/10 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 20,837,453.69 5,956,797.31 22.23% OPERATION SUPER AND ENGIN-TRANS KS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP KS 398,196.00 309,509.67 88,686.33 22.27% STATION SUP LABOR AND MISC KS 71,651.00 58,329.11 13,321.89 18.59% LINE MISC LABOR AND EXPENSE KS 576,553.00 475,854.03 100,698.97 17.47% STATION LABOR AND EXPENSE KS 423,826.00 349,468.99 74,357.01 17.54% STREET LIGHTING EXPENSE KS 79,519.00 38,109.11 41,409.89 52.08% METER EXPENSE DA 424,973.00 297,687.68 127,285.32 29.95% MISC DISTRIBUTION EXPENSE JD 345,498.00 243,390.52 102,107.48 29.55% METER READING LABOR & EXPENSE DA 66,772.00 54,323.05 12,448.95 18.64% ACCT & COLL LABOR & EXPENSE RF 1,462,217.00 1,017,201.48 445,015.52 30.43% UNCOLLECTIBLE ACCOUNTS RF 150,000.00 112,992.92 37,007.08 24.67% ENERGY AUDIT EXPENSE JP 1,105,759.00 350,566.08 755,192.92 68.30% ADMIN & GEN SALARIES VC 776,201.00 583,925.68 192,275.32 24.77% OFFICE SUPPLIES & EXPENSE VC 264,600.00 198,611.49 65,988.51 24.94% OUTSIDE SERVICES VC 398,500.00 208,748.03 189,751.97 47.62% PROPERTY INSURANCE JD 443,150.00 282,583.03 160,566.97 36.23% INJURIES AND DAMAGES JD 60,039.00 43,411.27 16,627.73 27.69% EMPLOYEES PENSIONS & BENEFITS JD 1,093,185.00 941,575.66 151,609.34 13.87% MISC GENERAL EXPENSE VC 223,038.00 121,362.24 101,675.76 45.59% RENT EXPENSE JD 212,000.00 147,929.31 64,070.69 30.22% ENERGY CONSERVATION JP 0.00 263,877.32 (263,877.32) 100.00% TOTAL OPERATION EXPENSES 8,575,677.00 6,099,456.67 2,476,220.33 28.87% MAINTENANCE EXPENSES: _.AAINT OF TRANSMISSION PLANT KS 3,000.00 2,043.74 956.26 31.88% MAINT OF STRUCT AND EQUIPMT KS 158,859..00 70,148.17 88,710.83 55.84% MAINT OF LINES - OH KS 1,060,849.00 893,170.17 167,678.83 15.81% MAINT OF LINES - UG KS 144,228.00 130,892.88 13,335.12 9.25% MAINT OF LINE TRANSFORMERS KS 93,500.00 648,436.89 (554,936.89) -593.52% MAINT OF ST LT & SIG SYSTEM JD 9,888.00 (106.38) 9,994.38 101.08% MAINT OF GARAGE AND STOCKROOM JD 625,632.00 369,133.88 256,498.12 41.00% MAINT OF METERS DA 4,863.00 531.31 4,331.69 89.07% MAINT OF GEN PLANT RF 116,100.00 70,537.87 45,562.13 39.24% TOTAL MAINTENANCE EXPENSES 2,216,919.00 2,184,788.53 32,130.47 1.45% DEPRECIATION EXPENSE RF 3,390,000.00 2,520,952.02 869,047.98 25.64% PURCHASED POWER FUEL EXPENSE JP 40,893,477.00 31,078,465.50 9,815,011.50 24.00% VOLUNTARY PAYMENTS TO TOWNS RF 1,254,000.00 940,246.00 313,754.00 25.02% TOTAL OPERATING EXPENSES 83,124,324.00 63,661,362.41 19,462,961.59 23.41% REFORECASTED AS OF 12/31/09 6 MONTHS ACTUAL/6 MONTHS BUDGET * Includes GAW soil remediation expenses totalling $612,900.18 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 3/31/10 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 RMLD 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 12,501.00 (12,501.00) 5 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 37,215.15 41,274.25 (4,059.10) 6 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 12,501.00 (12,501.00) 7 NERC COMPLIANCE E & O 4,787.50 5,442.75 (655.25) 8 ENGINEERING STUDIES ENGINEERING 876.57 4,626.57 (3,750.00) 9 LEGAL SERVICES- GENERAL GM 81,163.68 68,151.81 13,011.87 10 LEGAL SERVICES- ARBITRATION HR 16,830.16 16,830.16 0.00 11 LEGAL GENERAL HR 6,534.30 15,368.38 (8,834.08) 12 LEGAL SERVICES- UNION CONTRACT HR 14,573.86 5,304.94 9,268.92 13 LEGAL GENERAL BLDG. MAINT. 4,516.81 375.00 4,141.81 14 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 1,251.00 (1,251.00) 15 ENVIRONMENTAL BLDG. MAINT. 0.00 1,251.00 (1,251.00) 16 ENGINEERING SERVICES BLDG. MAINT. 0.00 2,130.00 (2,130.00) 17 LEGAL GEN. BENEFIT 0.00 2,499.00 (2,499.00) 18 INSURANCE CONSULTING GEN. BENEFIT 12,500.00 2,500.00 10,000.00 TOTAL 208,748.03 231,756.86 (23,008.83) PROFESSIONAL SERVICES BY VENDOR ACTUAL CHOATE HALL AND STEWART 36,838.32 PLM ELECTRIC 876.57 UTILITY SERVICE 4,787.50 DUNCAN AND ALLEN 25,970.93 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 RUBIN AND RUDMAN 83,213.04 TOTAL 208,748.03 (13) W In rl m r a cg v1 m rn ~M o VI n oo rn o m o r 1 O N r1 I I U I O 14 N P4 o m P4 ~ x U W ~C H H W H W 0 M O M PG W W a w 0 I., o\° O lO in r r O O m lO lf) N ~N lD ~-1 f+1 O U m r o ~r h o in w ci ~M N m m 00 In rl m O N d~ w m H Pj y N v v ~N lO r m w m N r r r r .-i m O W t17 l0 h m N In .-I m C'J W !A m 00 cp Ifl h b ~ 00 r N O l0 m cM l0 W N N N O 'i N N to M M N N M 1-1 141 b O r dl N In m 1 1 a r 1-1 m m N M r OD 'J r ui W ri r 0 m r E ~o m rl m cr m 0 U ~i M N 10 O H rl N m M m z 0 H E w a w ~ w w N 0 z 0 w w ~ v i H h C7 H W Q W P i O ~ W N H W W W t i~ c. ~7 H v i vi H 2 A q w a P4 E-i a WO ai W Ui O N H O N H x W Cn zz O HH, W A a O H° a a O O H Ha a W H z W O - N 0N N N V 0000000 0 u W O O O r m eN O N U ~N M lD O Ifl O O N F7.CI O t[l O 1fl W O N N H° V' I/1 N N H N o 1 U F~~i I I M I N I Inobenrlmo r o b m N ep o E., ~ minMmb~M ~W,ry H H M b ui m t H o Cp W D N N co m N W u.7 co n N Ill N V~ " b O M N ill O eM N In m N eN r O N n N N N v O m r eM o o m " co O w W Ol eT W M N m O o o N m o Ill N Ill N H M b h ~ M O b O O co 0 m e N M U m Q O N 0 0 !T O N O O W m O °z N m0NO;-i0o Ill In m r O E m m e U O N O N ell b ill O r N 111 W r W N M N ap W n ri C4 N b 0 o 0 eM H O N N M ~ O V O ~ eN N N eM O O O N O O m ID N H w G N E N k~JH[n rC a a u A U HH O O O H W H In U 44 co o w ~ 0 z N N O m b o m 0 0 O O O O O N N O N N o N H I I 1 1 1 1 1 In o o N o o m o V1 N N N m m N m 1 Ol Ot Ol Ol Ol Ol Ol a Ill VI ILl 111 In In In N1 I m1 I ill1 U1 InI I Ill }'y N N In Ill Vl Ul N Ill In ° 1 1 I I I I I W N N N N N N N W O O O O O O O 0000000 \ 0 Ol N Ifl Ill Ui b N W r Ill Ill N r Ol O N O eN Ol O Ol lD m e4 1- 0 0 0 0 N eX O b h W m 0 n N r 0 eN In H l0 O N Cl m 0 0 Ol N i W m O O N 0 (V In M b r T N N N m O W M N N m N b r b m m m H m r m 0 0 v a m sp M N N W I I m I Ill eM H N H N H N m b m N O O N O 1 m I i 11 I I I I N H H N H 1 I I 1 v~MNMmNr N eM Ill N N M N b M N eh .N.. m b 00 O l M sa M N b r N N n m r Vl Ill O O O N r m N m h N h W N N N eM v N m N In O Ot b N O r N M N m b D1 N V~ `d N M m 0 0 0 s} O O my o In Nm a Ill " N M N N m W 0 0 D m O O W In m ell N W M N N N al N N N Ol o r cl r o N e>t b m eM M O ~ N N m N b b b w o m m N W m CO H N m m h N N h m ul In r N o !T b M N In N O b M N v N In N N m O O N Ol N O O m O N N m N b W m N M N m N O r N u) n N w H N N co ~ N W N O M O m O In a N In M Ifl N e1+ M M N m Ol W V~ N N m W m m ex N b N M m s>t lD 01 b m b N eM O N O m 0 Ifl W m N N N m Ill O Ol N m N O N N N C W b m m h m N r N Ill VI O W m H Ill H b H N h N 01 M In VI O Ill m Ill H V Ol O N N N n n N N H N N Ol o r m m N M N N N In enrnnmW blDmeroomNNNHnMOOOIOo N C eP Ol O d~ Dl N M Ul W b Ifl N Ifl N Ill b N m N O N r Dl Cl 1 N N 0 lD 1+1 M n m Cl Ill v N N O of N m N ID N O m r M b N m b N N H N m M N In N N M m m CN N N N m r lD N o H r b N N m m b H N O O N 0 0 0 M 0 m N In d~ O I In Ill N N m 0 N W Ol m N ~ r N N in Dl In O N O er It m r In W N 0 0 m N N N N N O N b ~ eM N b M N N n b m N m o m b m O m h 0 0 VI 0 0 0 N O N Ill m 01 01 N N h M N m w m O e} N W b m m N h Ln N N Ot m m N Vl N h N N b M Ol M b M M m M h Dt N O n n N eM tM m o m H" M O Ot O O O N O N N V~ O M N W M M h m N h m .0 m m N r Ol N ea n H In m b O m N b e} -y m m N H H m N eiI v In In N H " N m H o rmmmlDNOmbminMmNe>Ibmooono Ol N N b O r M r m N N m h \D UD M n N O b co In r w b m O M vIno O N N O b r N N VI n N m m N v N In h M M N mw H N H Pa W O.u m a W A a a l a U U H o O W W H P4 N b N N M VI b 0 0 0 0 6 0 0 0 0 N N N N N O O E 1 1 1 1 1 1 1 0 0 0 0 o N m H m m m m m N N a n In o f ° n (Q m m ul W u~ vl ul ul vl 7W. I I I I I I (fin >n N N to N m m' H b b b b b lD lD I I 1 1 1 1 1 Gz] N N N N N ~-i N 0 0 0 0 0 0 0 h m Ill O W Ol W N Ol N N W N m m 0 0 0 D1 O N N W n 0 V1 O In h 0 O m O N N Ol m O v N Dl ~O b m b W N N O m VI N b N In M N N N M V~ N M Vl In N eM N M N`~ N N r 00 b W N W b T b b N O b O O O m O N W N W W b b M m m H N M O N W b Dl O N N N m N m b m O Ot h N N b w r N dl o m m N N N h m N b N N N eM N N N n eh N M N !n etl Ol eh N O N N Ill N O M O O O Ol O N r eM d~ ifl O cry M Ol In r N h N N N M Ill m N Ol M Ot b O N O m Ol m ill N In m W m N N H Ill N r `tll m N N b N N N n N M O n W N Ol M r Ill r r O\ O\ W O O O N O N N N O O N n 01 W Ot N M O 'VI Ol VI N N O Cl M O N M r h lD b h M M N N N m H v m H N co N v m N N H H h m H O O H"" m O m m N O O N O O O r 0 N co N M b eY b m M Ot N N O b eN N l0 m b N N N b O m W b v .r D.0 N N r b N ~ N H H W E. 7 n7 q1 C7 u xH aH rn° W yGy4~ C7 x E ~r a x H ~z7 ~,.7 ul U' W a OH 6 ~.~7 2 E°~I ~W.7 a I.1 2 a}~ a F~ w W z H N a .1 2 H H 2 z 2 O a a W E r1 14 a U yG4 ° O W m H f] H H 4 P p C7 N W N perW, In W F H C7 W O 0 D In O InE P [o u a ~a o w ~ o..~~ a~ o w ]a o w w o w N 14 H 0 W W O{q Op~ H H O{q O H WW H Op~ Op~ H H O{q O xW w O W UJ 17 ~l ~ Fi r7 ~ r~ H ~ 1-7 17 ~ m 17 ~ D 0 Ol N DI M Ol N N'b O N N b o m H N b m H N b o 0 0 0 0 0 O. 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U ~ 0 cN H 1 I 1n H m tD N m O ID N m E., ID In M M o ~ ~ A r m r H o O N M H N O1 N lO M M M N ~ H ID 00 m in r r N eN O U1 M H aN 0 0 o m m N r O1 W Ul Ql VI H M ~N 00 ow <N U) o In y O O O fJ ~N H U) H 00 co m ui m eN U N O M A ID M00H In 0 N H N M M r VI °z Ln M 0 o M ID m M H H u^ H I" u O in n o o n M a H Ui a m o m h cry H N H cc (.4 N ID n M O m H O N H h N O O V ID M O M b N m m H m 0 0 0 IF \ 81° 0 sN cN U) O N O n Ol a'N eN O Ol N lD O N M U) M ID M M I M Ol in 01 I I ~N I Ol cN N O O l0 T V~ m eN O M N M N H O O H H O D D M N H 01 Ol O N M ID M " O h U) r M N O UD M 01 H H O mm<N vl N o M r o [N O m n N O H m N H N H M N N N o M -0 m o u ~ ID m O v N M N ID O N O N m N O ID N T H U) M ~ m U1 ID O M O N O n m N N v H p a N ID 0 0 0 0 N M M ID tD m M eN m O m 0 m o m n N H <N N o0)v0 o 0 0 0 D r N y N 01 M O H N O O O O N O M N m N v N O -N In o N O H O H H N l0 ID m O N o° H O N O l0 m h N N N O m N H N N N O O b 0) H ID eN M eN H W N m ID 01 a} 01 C1 b m m U) O O M M 11 N M O M M m m UI H N H M N M M h m O O m b O I M N I VI H eN U7 M lD N 0 Ol O O m N ~N I O H I I I I O N I H H I H i I H H [N m U1 N h M M M J0.--) U1 U1 N ~N <N M Ol N Ol lD O1 m O1 Ol N 01 M m 01 tD m m m N" O Ot O ICI H M H H 0 v~ N M H V1 M M N UI I U) O ID ID m N H H N m m H r H W H H r Ot M Ul h 01 b m m Ul r ID h H H M h M <N d~ 01 H N H UI v U1 01 N 01 ID N h H O N 0 lD H h O O1 U1 H I- IO lD U7 r h v N UI M o eN Ul ID N ID VI H DI N M O. ID H N N m h N ID H v of ~ n I-i N N N O Ot M O <N M m H 01 r n N cN Q1 M r M lD m v~ In r H N b M O M m M N v, r h H M H" N ID M 01 M M m sN M N U m H W lD M U1 lD N O m cN ' rmnoM m~N M O v N cN v ID M N N H W n U1 H sN M N UI M l0 Ol n H N H N 01 v N l0 N N IO Ot O H lD n ID r m m ID m M ID ID U1 ~N H N v D to M H w O M 0) aN O m eN n n H h ID 0 M v r D V 0 N N H ID O 01 M h O U) m n o M ID -J ID M V O H v H H N H r M ~N U) O r r H 0 0 O1 H N r U) r m M M N rrMMHrv~vl H N M H N m NwOOIDOIDOOOm h 0 m H r N U1 H <N N H O\ dl U1 o H H O M H H ID H o 0 o b O V~ N H N N OI H H ID o ri r H i O VI lO O n M N 0 0 0 0 01 M U) ~ m r Oi M H H r w UI V~ O eN H O M 01 h 0 0 0 0 N H H to H O v M ID eN U1 H m oHHOMeNeNOOO o m H H ~ b m m H H r r m O N H O h H M O O O O U m m N O H N M " ID H O N O U1 O ID O D O O O m o H m N U eN M UI O ID H H O co 0 M W 0 0 0 0 0 ID CO dl ID 01 Vi H eN H r h M H 01 O m h H O b 0 M 0 eN 0 tDmM 0 cN H H O M w r z W P, H W k H o W a s P. z ] W H u , a o a x o a s C 7 U 0 E V Oi O U U' E W G 7OWW a Ix F a O U W W k1 W z za O U W W W E O u W W O W H a o a w o 0 a H a a a ] H a W w a a a u a a a n u U H a H a a G a u o a a A a u w a a u O co 5 ~ m W W ~ H F W p W W P W ~ r7 w o vmwv vi wv v o C 7 H N U1 ID 0 0 0 o H U o H N M lD O o 0 0 0 0 o I-] 17, 11 "1 o . p H H H H f H H H H H H o W E o 0 0 0 0 0 0 0 H H H H H H H H H 0 0 0 0 0 0 0 0 0 0 0 H H H H H H o H H H o IQ H H o Q Q Q Q r r pp aa N N N- N 0 0 0 0 1 U b b tD ID lD H m m m m m N E 1 b H H N N N N N N m m m m m m m m E-I 1 O D 0 0 0 0 U1 n H T Ot 01 Dl N E-I Ti I E Ol O1 01 01 N U) N W 7 W E U1 U1 N N N 01 N Ul U1 it) Ui W O Z U1 UI U1 U1 N U1 Ul Ul U1 U m m m m m m m w N N N O 0 O 1 1 I 1 1 N 1 I I i I I I V1 O m m ) N N U1 Ul I I I I I I 1 W m m m Ln m m m n U) Ul m m m n Ul Ul I I I I I I I I I I U] a c O o o a I. n r r r h r1 m m m m m m m m m m m m m m m m m m m W m m m m W ID lD 1D tD tp ID H ID ID l0 lp tp ID lD lD tD lD lD lD ID lD ID tD lD \D tD H 1 1 1 1 H I 1 1 1 a' 1 1 1 1 1 1 1 1 H 1 1 1 I I I I I I I H H H H H H H H H H E H H H H H H H H H H- H H H H H H H H o o 0 0 o 0 0 0 0 o W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C7 N m d W l l O Q U a O N ell b N O O a„ O H H m 01 O O N 01 o O h b m O lO m m Ol I n m O r 0 H N O b m Ill H O p p ill O O b r H O N K Ol b r N O O O O O O b H O H° N O O r m Ill 1 O O H ID H O O O CO O O n H N O b m lO N m O O O O O O O r O H E. 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IF 0 *IF r m r N co W b M O N N cq H w IH Im r H N M OD W m m v 0 N N CD N co N OD N M M 0 co b b O b m m b H H N" N N H H h T N I M b m N I I H m m O H H m H O M b N 1 H 1n m N n In rriHr m M <n H m In r m m OD m m N r m m N N a} N r m m m M N N H O O r m H in n N r M O M H 0 0 0 0 t0 m " M o H m O N m m m m H H m O M m O N W N m M H V 1 m m ~M H N O to o O M to m N N w in H N H m m o o r H b H m N M r M ~ N m " ~ o b o m H H m in eM M b h to eM m ~ m O m O M" w MOD iom M n w m m H roto in oo N h N in M H H H H M H H hoolnor r m M n M N m 0 0 H N H dl N IN H eN M r H m N b H O N H M M N in H H co r tn H m m o\° 0 0 0 wolno0 'W O In O O N O M O In O 1 m H I .IF m N N N O N ~N N m W N H m b N m n N M O M O N O b M O m [N h r to n O H o m co m m N b m O N H m O H 0 0 N M b r h H m o 0 0 0 N N O !n m !n n m f O h 0 0 H 'W VI H n M C, H H H N O O O O b N M b W r H Ln o m o 0 ifl h m r h H ID m o r 00 H T M H m In M O H 00 m m H m co to m o m o 0 m b r r N N o° m O O O m m H M m I H' co m m OD N M H H N N H O N M r h in ~X H m O N H r N m o° o° I\o o° N O M O r o b b noc-i r O N m M 1 H i I b O v O m o m m eM M 'W N H b m M O m N M m N M O W ul N 0 0 0 0 0 0 0 0 o vl M M M In in C; in N to In r m m n N N M <n w h in O O N N N O m m y H I HI m 0 1 01 m H O O N O N r m H r m 0 0 0 0 0 O O O O In n n to H H O O O O O 00 0 0 0 b b b b N O m H to H m o b N N in m H H H Do 0 0 0 0 C. 0 O o 0 0 N N N N U U W W W w H 111 0 w .4 z ° a La G 7 w W -1 1 a w W -I ~za7, I ~zWz7 (.2W7 W U W W W U H k in a U W w O W W O W P C7 a W A d 0 W C7 O H C7 U' a U H q U N a u H g a a U R a a s H 0H W H w u In W P4 U 0 H w W O H U W W O O U U in E N U) w rp W O W ~I I O a R o H H O w ,2 O w i z E il O z w t a W W H o o m m b o0000o W U H o 0 to N m o0000o I rri H o m M to 00000 ai H N m o00 m 0 a H o o H H H f P'i H o o H H H E W H o H H H f H H H F H f oo Q o ai o Q o O H M 0 0 0 f'I 0 O H M 0 0 0 O H O O O E O O O EV O ~I N N a M M 1 W N a N M I '~1 N N M M M I N N M I m M 1 E m O 1 0 1 i m m O 1 0 E'I m m m m m m m m Q~ In m {Q o N !n in N In if1 !n !n 111 O In if1 H to m to m Ifl b in In m N I I I i l l 1 1 1 1 1 1 I I 1 1 1 b !n I I I In 1 W H H H H H H N N N N N N ? aM M ell M b tb b Q m 111 In in to in 1f1 N N N N N N 1l1 N !n 111 N N In 111 { Yt In 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 W I I I ~ i I [7 H H H HH H 000000 H H H H H H 000000 O U H H H H H 00000 U H H H 000 O al H o [9 N cr o° o° o° po° o° o o° e W In oD In r ri In w c t0 In in u m n m co m w ri o 14 m co W o° O .-1 W M lD M N O M N M F m I M I L n n i ~ w I I I i m I U I I R F. 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El o ff .-I m r m m m U m m H o m 4 E m li 'i inmomo~ in owo N w m m w m n a m .-i In rl M .-i n m N co w m w .-i El O (a~ M' W O aH' N M F w w u p w dozz H QHQ w Z ~ w H p p O N H w a U w H p a a N a O 0 N r co N N N ~ m N O 10 O w m O to O N m H w 0 m w (Q m N N O .-I In w W w N r N ry m w O O w O O O w O o r N N O r Z M m o ao h N n in w M N lD M w n 0 0 0 0 n OJ w w U1 M O O O U N m O m w p N w M r M vi N o ro m o o In o 0 o in rl N In r 00 r m 0 w p ooN z .-i ri m vi ui M w w 0 0 0 O F Ln O m 0 m co in r ID o co w n m n u O m w m m co m M ID O W m O o o w O N O minw .mown P4 O r w In O N r w r m m N N in M to m H .-I o m r n o 0 w 0 0 0 .-I M m m i0 r ~ry M In m N n O ry' r M M M r{ O w O O N 0 ri O O O .-i w N m N n M N M l0 n lD O M N ri a a >:n w c~wox W o E p a x w u Pa, a o w z a H > a ° a w w w N W O 0 W N to z z to ~U' a A N Q U U O U r aow~wcnw - IE w w x o o a a °v v W O H m m O O N M N m U o 0 0 0 0 0 0 o 0 0 H O '-I .-i ri o o w w v1 In y 1 1 1 1 1 1 1 1 1 1 [q m m m m m m m m m m O to N Ln In Ifl V1 in N It1 I!1 F ~i I I I 1 I 1 I U' In In in in in m m ui vi In W r n n r r n r r r n z I I I I I I I I I I W o 0 0 0 0 0 0 0 0 o C9 co RS a_ RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 3/31/10 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 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2010 ACTUAL 10 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR TOTAL 09 09 09 09 09 09 10 10 10 GENERAL MANAGER GENERAL MANAGER HUMAN RESOURCES COMMUNITY RELATIONS TOTAL BUSINESS ACCOUNTING CUSTOMER SERVICE MGMT INFORMATION SYS MISCELLANEOUS TOTAL ENGINEERING & OPERATIONS AGM E&O ENGINEERING LINE METER STATION TOTAL PROJECT BUILDING GENERAL BENEFITS TRANSPORTATION MATERIALS MGMT TOTAL ENERGY SERVICES ENERGY SERVICES TOTAL RMLD TOTAL CONTRACTORS UG LINE TOTAL GRAND TOTAL 2 2 2 2 2 2 2 2 2 2 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 5 5 5 5 5 5 5 5 5 5 2 2 2 2 2 2 2 2 2 2 9 9 9 9 9 9 9 9 9 9 6 6 6 6 6 6 6 6 6 6 1 1 1 1 1 1 1 1 1 1 18 18 18 18 18 18 18 18 18 18 2 2 2 2 2 2 2 2 2 2 5 5 5 5 5 5 5 5 5 5 20 18 18 19 19 19 19 18 20 20 7 7 7 7 7 7 7 7 6 6 9 9 9 9 9 9 9 9 9 9 43 41 41 42 42 42 42 41 42 42 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 4 4 4 4 4 4 4 4 4 4 8 8 8 8 8 8 8 8 8 8 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 80 78 78 79 79 79 79 78 79 79 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 82 80 80 81 81 81 81 80 81 81 To: Vincent Cameron From: Energy Services Date: April 22, 2010 Subject: Purchase Power Summary - March, 2010 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of March 2010. ENERGY The RMLD's total metered load for the month was 57,899,291 kWhs, which was an increase of .36 % compared to March, 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 3,710,523 $4.61 6.40% $17,123 0.57% Seabrook 5,881,673 $8.86 10.15% $52,111 1.73% Stonybrook 651,019 $125.92 1.12% $74,998 2.49% Constellation 14,860,000 $63.98 25.64% $950,706 31.59% PASNY 1,861,173 $4.92 3.21% $9,157 0.30% ISO Interchange 10,456,702 $35.04 18.04% $367,139 12.20% NEMA Congestion 0 $0.00 0.00% -$4,791 -0.16% Coop Resales 59,288 $132.70 0.10% $7,867 0.26% Stonybrook Peaking 138,488 $162.95 0.24% $22,566 0.75% Integrys 11,432,000 $85.98 19.72% $982,932 32.66% MacQuarie 8,764,000 $58.69 15.12% $514,367 17.09% Braintree Watson Unit 143,693 $108.17 0.25% $15,543 0.52% Monthly Total 57,958,559 $51.93 100.00% $3,009,718 100.00% Resource ISO DA LMP Settlement RT Net Energy Settlement ISO Interchange (subtotal) Table 2 Amount Cost % of Total of Energy of Energy Energy (kWh) ($/Mwh) 8,808,715 39.97 15.20% 1,647,987 45.32 2.84% 10,456,702 40.81 18.04% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of March, 2010. CAPACITY The RMLD hit a demand of 103,795 kWs, which occurred on March 15, 2010 at 8 pm. The RMLD's monthly UCAP requirement for March 2010 was 255,115 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 $63.45 $316,944 18.62% Seabrook 7,916 $54.38 $430,482 25.29% Stonybrook Peaking 32,456 $1.56 $50,778 2.98% Stonybrook CC 50,684 $3.20 $162,118 9.53% Pasny 6,319 $1.88 $11,896 0.70% HQICC 5,631 $4.22 $23,739 1.39% ISO-NE Supply Auction 136,261 $4.11 $559,951 32.90% Braintree Watson Unit 10,853 $13.46 $146,043 8.58% Total 255,115 $6.67 $1,701,951 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $17,123 $316,944 $334,067 7.09% Seabrook $52,111 $430,482 $482,594 10.24% Stonybrook $74,998 $162,118 $237,116 5.03% HQ II $0 $23,739 $23,739 0.50% Constellation $950,706 $0 $950,706 20.18% PASNY $9,157 $11,896 $21,053 0.45% ISO Interchange $367,139 $559,951 $927,090 19.68% Nema Congestion -$4,791 $0 -$4,791 -0.10% Coop Resales $7,867 $0 $7,867 0.17% Stonybrook Peaking $22,566 $50,778 $73,344 1.56% Integrys $982,932 $0 $982,932 20.86% MacQuarie $514,367 $0 $514,367 10.92% Braintree Watson Unit $15,543 $146,043 $161,586 3.43% Monthly Total $3,009,718 $1,701,951 $4,711,669 100.00% TRANSMISSION The RMLD's total transmission costs for the month of March, 2010 are $625,865. This is a 2.19% increase from the February 2010 cost of $612,466. In 2009, the transmission costs for the month of March, 2009 were $490,823. Table 5 Current Month Last Month . Last Year :Peak Demand (kW) 103,795 104,522 ; 104,469 . :Energy (kWh) 57,958,559 ; 53,825,06E 57.724,632 Energy $3,009,718 $3,106,762 $3,239,283 Capacity . $1,701,951 $1450,367 $2005,945 r, , .0 ~ U ~ I r ~ I ~ U O Q d t0 (0 0 V X J' ~ - - ° LM L ~ /b j L ~nP m co ti C D U- ) d ' C`' ~ N O ~Q su o,i iiw ui sa eiio a o, a c W 0 O o N O O c m ca U O " ` N O N M C O 00 Q C a) '0 E L Q A c4 N O 3 c t0 Q ~~Y ~ c (a = r = c 0 O C: L O O . r c 3 C 'C O O U) N O M > 0 O c d a) O U Y > O E N 0) v d c ' v c 3 0 U > 3 o - w O m W O CU t v- d C' (D 4+ d d N a 4+ U c 0 C to w n'-= m 0 aaacm c 3 ' ° ' -o :3 aaaaa0 E c a~ cr 0 O E E O E E E 2UJ U) B • - E a o O E E E E Eo cc E cL Z O L) Of <n 0 0 0 to UUU00M m m a a) W ~,a? Z 0 0 0 0 0 0 UUUUU~ c) o K ctf U W mL-L d tV to to D O C C O O _ r d O 0 0 0 O • d O O O O O O O O 0 0 0 0 0 0 r r Q- 1 c 1 1 1 c U L ~ a ~ \ \ \ \ \ ti N N In O \ 1 ~ r r O O a) to `N000 z C'M O O : i M to to 000~~- 00 O d d _d d CL O. E 00 OOOtn CO u) co E OOOOOIn 000 O C) co OOOCO Co O CD CD CD OON Or 0 0 rn rn rn rn rn rn O 0) O 0 0000 O 0) 0 0000 NO ~O •i+ 0 O O O O ` ~ O U c NONNCO N =0 G~ C O N N to to tU to C O C4 N N •O N ~U_ 000000 Or L CL tU N L tV U (D t: c L 4 Q C 0) C O N q) 0) r- U O N C a) N E (D m L Q L O L Q L (D = O(/ L GJ C N O 0 N tv O L c U U M 0 O U ca ^ ^ O C O O E m o (D O w O O N O m 0 Q Q _ Q O 'd E O ~ O p co N _ O Q O 0 0 N N O N w 4. Q 0 ~UUUQ ' co 70 E O U) ~ O 0 (D C (D r+ O 0 0 0 3 O L O c i d 0 w E O C co C F- (A (D ~ o r CL co ~ t Q" c O~ O O O t: c O o ((f L L L L O O O a) O L N ~ c c a) E 3 a)W cu 0,000 (D d U 0 ° to to to N U) O U U) In to In o c LO c c c N U c _ to .c C. • 0 5 C C a) c c c c (D co 2 U 0U) UC~ U UU ~ F- ~U)U READING MUNICIPAL LIGHT DEPARTMENT FY10 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING MARCH 31, 2010 ACTUAL YTD ACTUAL COST COST ANNUAL REMAINING # PROJECT DESCRIPTION TOWN MARCH THRU 3/31/10 BUDGET BALANCE 4 kV Retirement - Stepdown Areas 1 Reading R $78,125 $31,415 ($46,710) 22 Wilmington - Main Street NEW W $112,152 $112,152 System Projects 2 Station #4 Getaway 4W30 Replacements R $146,540 $201,712 $55,172 3 Station #4 Getaway 4W17 Replacements NEW R $170,779 $170,779 4 Salem Street Area W $109,129 $171,923 $62,794 5 High Capacity Tie 4W1 8/3W8 Franklin Street R $300 $300 $129,004 $128,704 6 Haverhill Street - Reconductoring NEW R $35,106 $158,346 $184,460 $26,114 URD Upgrades 7 URD Completions-Sanborn Village, Reading; Perkins VAR $38,496 $38,496 Farm, Lynnfield; and Chestnut Village, North Reading New Circuits and Circuit Expansions 8 Salem Street to Glen Rd 13kV Feeder Tie W $38,488 $192,104 $80,063 ($112,041) 9 Reading Center-Main Street R $5,363 $13,932 $8,569 10 Reading Center-Haven Street R $23,311 $23,311 Station Upgrades Station #4 11 Transformer Replacement-Part 1-Contractual Labor R $40,043 $636,875 $1,231,500 $594,625 11 Transformer Replacement-Part 2-Procured Equipment R $174 $156,136 $344,800 $188,664 11 Transformer Replacement-Part 3-RMLD Labor R $29,133 $317,986 $432,405 $114,418 11 Transformer Replacement-Part 4-Feeder Re-Assignment R $228,159 $228,159 Station #5 23 15kV Circuit Breaker Replacement NEW W $157,528 $157,528 New Customer Service Connections 12 Service Installations-Commercial/Industrial Customers ALL $7,620 $35,786 $54,184 $18,398 13 Service Installations - Residential Customers ALL $12,734 $136,777 $176,623 $39,846 14 Routine Construction Various Routine Construction Total Construction Projects ALL $76,766 $997,320 $1,537,896 $540,576 $240,364 $2,970,787 $5,320,343 $2,349,556 Other Projects 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 $1,150 $43,450 $52,984 $9,534 $16,249 $241,389 $225,140 $22,102 $139,360 $117,258 $62,555 $62,000 ($555) $349,192 $353,823 $4,631 $7,662 $7,662 $200,248 $192,586 $1,490 $25,000 $23,510 $1,212 $43,700 $42,488 $308 $32,450 $94,410 $61,960 $9,120 $536,362 $1,212,913 $676,551 $249,484 $3,507,149 $6,533,256 $3,026,107 completed projects Reading Municipal Light Department Engineering and Operations Monthly Report March, 2010 FY 2010 Capital Plan 4 kV Retirement - Stepdown Areas 1. Reading - Project Complete. 22. Main Street - Wilmington - No activity. 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 - Engineering labor. 6. Haverhill Street - Reading/Lynnfield - Pole transfers and spacer cable installation. URD Upgrades 7. URD Completions - Sanborn Village, Reading; Perkins Farm, Lynnfield; and Chestnut Village, North Reading - No activity. New Circuits and Circuit Expansions 8. Salem Street to Glen Road 13 kV Feeder Tie - Wilmington - Installed new transformers, continued pole transfers, installed new guy wire, performed make-ready work for 13.8 conversion, and installed pulling rope. 9. Reading Center - Main Street - No activity. 10. Reading Center- Haven Street- No activity. Substation Upgrade Projects 11. Transformer Replacement - Station 4 - Reading Part 1 - Contractual Labor - Fischbach & Moore invoice paid 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 replacement/installations, primary or secondary cable replacement/installations etc. This portion of the project comes under routine construction. 13. Service Installations - Residential Customers - This item includes new or upgraded overhead and underground services, temporary overhead services, and large underground development. 14. Routine Construction - The drivers of the Routine Construction budget category YTD are listed. This is not an inclusive list of all items within this category. Pole Setting/Transfers $147,122 Maintenance Overhead/Underground $312,653 Pri*cts Assigned as Required $100,873 Pole Damage (includes knockdowns some reimbursable $63,617 Station Group $41,460 Hazmat/Oi/ Spills $11,318 Porcelain Cutout Replacement Program $103,766 Lighting Street Light Connections $20,811 Storm Trouble $33,873 Underground Subdivisions $44,995 Miscellaneous Capital Costs $116,832 TOTAL $997,320 *In the month of March, 24 cutouts were charged under this program. Approximately 25 cutouts were installed new or replaced because of damage making a total of 49 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 - 41.97 minutes RMLD 4 year average outage (2006-2009) - 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 41.97 minutes. 90.00 N 80 00 - . - C 70.00 m 60.00 - co to 50.00 25 00 p 40 - - - . L 30.00 -23-.89 - 4) 20 00 . N 8.79 V 10.00 0.00 76.52 66.05 o°' I PQ~`Sa,~ ,~c• ~J~ PJ~ g~Q OG,~. ~o, O~G• 3 System Average Interruption Frequency (SAIFI) - Measures how many outages each customer experiences per year on average. SAIFI = Total number of customer's interrupted / Total number of customers. RMLD 12 month system average - .70 outages per year RMLD 4 year average outage frequency - .82 The graph below tracks the month-by-month SAIFI performance. 1.80 N 1.60 e 1.40 M Z 1.20 c 1.00 0.80 0.60 °a' 0.40 u'. 0.20 0.00 o°' o0 OP's Months Between Interruptions (MBTI) Another view of the SAP data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage every 17.14 months. 4