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HomeMy WebLinkAbout2010-02-24 RMLD Board of Commissioners Minutesi Reading Municipal Light Board of 1 Regular Session 230 Ash Street Reading, MA 01867 February 24, 2010 Start Time of Regular Session: 7:30 p.m. End Time of Regular Session: 9:50 p.m. Attendees Commissioners: Mary Ellen O'Neill, Chairman Robert Soli, Commissioner Staff: lommissioners _ p TCW N CLERK f�c , IJ, ASS. '1t =1 P 3. 4% cva _ Richard Hahn, Vice Chair Ellen Kearns, Commissioner Vinnie Cameron, General Manager Beth Ellen Antonio, Human Resources Manager Michele Benson, Key Accounts Manager Jared Carpenter, Energy Efficiency Engineer Jeanne Foti, Executive Assistant Robert Fournier, Accounting/Business Manager Kevin Sullivan, Engineering and Operations Manager CCP Members: Ron D'Addario Michele Benson Ray Porter Tracy Sopchak Citizens' Advisory Board: Tracy Sopchak Stephanie Anderberg Joan Boegel Gina Snyder Opening Remarks /Approval of Meeting Agenda Chairman O Neill stated that there is a suggested minor change to the agenda because Ms. Sopchak is making two reports, which will be done consecutively. The first report will be the presentation by the Climate Protection Committee followed by Ms. Sopchaks report from the Citizens' Advisory Board. Chairman O'Neill reported that Commissioner Pacino would not be in attendance at the meeting this evening and that Mr. Cameron will be arriving late to the meeting. Chairman O'Neill asked if there were any further changes to the agenda. There were no changes to the agenda. Presentation by the Cities for Climate Protection Committee — Attachment 1 Ms. Sopchak thanked the Board for having the CCP present this evening. Ms. Sopchak stated that this evening's presentation is an update on the progress during the last ,year on the CCP's Climate Action Plan. The CCP's mission, goals and action plan can be found on their website. The projects that the CCP is working on are in line with the CCP's emission inventory. The Climate Action Plan includes: Modes of Transportation, Vehicle Fuel Efficiency, Energy & Buildings, Lawns, Trees and Water Conservation, Education & Outreach as well as Awards and Recognition. Ms. Sopchak said that the first three Action Plan items will be addressed this evening. Following Ms. Sopchak's presentation, Chairman O'Neill asked what the RMLD could do to help with the CCP efforts. Ms. Sopchak replied that the Committee would like the RMLD to adopt a no- idling policy. Chairman O'Neill thanked the CCP for their attendance, presentation and everything that they do. Citizens' Advisory Board Report - Ms. Sopchak — Attachment 2 Ms. Sopchak reported on the following items discussed at the Citizens' Advisory Board meeting on February 20, 2010. The Twenty Year Agreement has been presented to the four towns the RMLD serves. The town of Reading Board of Selectmen approved it at its meeting. The town of Wilmington has passed it along to its Town Meeting. The North Reading Board of Selectmen has approved the agreement and the town of Lynnfield will discuss it at its annual town meeting following presentation to its Board of Selectmen. The CAB has scheduled FY2011 budget review meetings for April 7 and April 13. Regular Session Meeting Minutes 2 February 24, 2010 Citizens' Advisory Board Report - Ms. Sopchak — Attachment 2 Ms. Sopchak also told the Board about the presentation she had made recently to the Reading Board of Selectmen on the state's"Green Communities. Act and the Renewable Energy Trust Fund. Approval of January 27, 2010 Board Minutes Mr. Hahn made a motion seconded by Mr. Soli to approve the Regular Session meeting minutes of January 27, 2010 with the changes presented by Mr. Soli. Motion carried 4:0:0. General Manager's Report — Mr. Cameron Mr. Cameron gave a brief report on his attendance at the APPA Legislative Rally in Washington, D.C. from which he had just returned. On another matter, Mr. Cameron addressed the Other Post Employment Benefits matter for which the RMLD needs to set up an OPEB Trust Fund. Mr. Cameron said that the funding required at this point is approximately $700,000. Mr. Fournier reported that $436,000 was budgeted last year and $400,000 budgeted for this year. Mr. Cameron stated that the OPEB issue would be coming to the Board at its next meeting. Mr. Cameron reported that on Monday, February 8 he attended the Wilmington Board of Selectmen's meeting on the extension of the Twenty Year Agreement at which CAB members Hooper and Vale were in attendance. On May 1 they asked Commissioner Pacino and Mr. Cameron to be in attendance at their open Town Meeting. Mr. Cameron met with the four Town Managers on February 18 at which they discussed the Green Communities and Massachusetts Renewable Energy Trust Fund. The four town managers do not want rates increased by 0.5 mills per kilowatt hour. Mr. Cameron will send a letter regarding RMLD's interpretation of the Green Communities Act to Mark Sylvia, DOER, Green Communities Director and also attach an opinion from Rubin & Rudman on the Green Communities Act and the MRETF. Mr. Cameron encourages everyone to come to the Earth Day Fair for the CCP because there are good vendors. This will be held at the RMLD on Saturday, April 10 and is the fourth year the RMLD has sponsored this. Mr. Cameron stated that on March 31, Pat Schettini will be posthumously honored at the Reading -North Reading Chamber of Commerce Outstanding Citizens' Award Dinner. Financial Report, January 2010 — Mr. Fournier - Attachment 3 Mr. Fournier reported that the results for the first seven months of fiscal year 2010 are positive. For the month of January the Net Income was $398,462, increasing the year to date Net Income to $1,785,904. The Fuel revenues are $1,788,853 higher than the Fuel Expense through January. Mr. Fournier commented that the purchase power base revenues are over budget by $240,000. Actual base revenues are $23.5 million versus the reforecast of $23.3 million. Purchase power base expenses were $260,000, over budget by 1.6 %. Purchase power base costs were $16.4 million compared to the budgeted amount of $16.2 million. Mr. Fournier said that the Operating and Maintenance expenses were over budget by $600,000, less than 10 %, expenses were $6.7 million compared to the budgeted amount of $6.1million. The reasons for going over budget include the impacts of the Gaw Substation clean up, employee pension and benefits including sick leave buyback ($273,000), and funding of the OPEB. Mr. Fournier stated that depreciation and voluntary payments to the Towns are on budget. Discussion followed. Power Supply Report, January 2010— Mr. Cameron - Attachment 4 Mr. Cameron reported on the January 2010 Power Supply Report. The metered load was over 61 million kWhs due to cold weather at the end of December, and some of that usage was reflected in January readings. Regular Session Meeting Minutes February 24, 2010 Power Supply Report, January 2010— Mr. Cameron - Attachment 4 - Mr. Cameron reported that the average cost of energy from the generators was $60 per megawatt hour; and the ISO - NE net interchange cost was approximately $64 per megawatthour. Approximately 15 million kilowatthours were purchased from ISO -NE. The peak demand for the month was 106,000 kilowatts which occurred on January 4 at 6:00 p.m. The UCAP requirement, which is the capacity obligation based on the pool rules, was 242,000 kilowatts. Capacity costs were $7.17 million; and transmission costs were $650,000 or $4.18 per kilowatt-month based on RMLD's annual peak demand. Discussion followed. Engineering and Operations Report, January 2010— Mr. Sullivan - Attachment 5 Gaw Update Chairman O'Neill reported that the Gaw issue was on the agenda for the Reading Conservation Commission this evening. The meeting was publicly advertised and Mr. Sullivan attended. Mr. Sullivan reported on the Engineering and Operations Report for January 2010. Mr. Sullivan reported that the Gaw project costs were up $17,500 due to RMLD labor. Mr. Sullivan said that there were no changes in the scheduled milestones. There were significant changes in the tangible milestones. The transformer 110B replacement percentage complete has been changed from 25% to 75 %. The transformer 110B anticipated completion date has been changed from March 15 to March 1. Old transformer 110C has been decommissioned and moved out of position. Transformer 110B has been put into place ready to be terminated and to come online by the middle of the month. Transformer 110B should be online and operational in the timeline of March 1 to March 15. The switchgear upgrade percent complete has been changed from 0% to 10 %. The completion date has been pushed out from April 15 to May 15. The RMLD has had correspondence with the switchgear vendor who will be onsite in five weeks. Mr. Sullivan stated that the schedule for feeder work is uncertain at this time until remediation takes shape. Mr. Sullivan reported that the soil clean up paid expenses were $557,000 in January with the total expenses to date $707,000. The Release Abatement Measures Plan status update was sent to the MA DEP on Monday, February 22. The analysis and remediation plan will also be sent to the EPA. Assuming a thirty day response from EPA, the earliest date for the commencement of remediation activities would be April 15. Mr. Sullivan stated that he was in attendance at the Reading Conservation Commission along with eight abutters from Causeway Road, the Town Manager and the LSP representative, Joe Jamallo. The RMLD provided a status update and there were several questions. The Commission voted to hold another meeting on March 10 to take up the Gaw substation matter and issue the notice of intent back to the RMLD. Mr. Sullivan then reported on the variance report. Project 1 - Reading, Project 2 Station #4 Getaway 4W30 Replacements and Project 4 Salem Street area are complete. Project 6 - Haverhill Street — Reconductoring, Project 8 Salem Street to Glen Road 13kV Feeder Tie and Gaw upgrade are currently being worked on. Mr. Sullivan said that there will be a couple of bid openings for Project 3 Station #4 Getaway 4W 17 Replacements, Project 6 Haverhill Street — Reconductoring Project 6and Project 8 Salem Street to Glen Road 13kV Feeder Tie. Project 23 - 15kV Circuit Breaker Replacement there is a bid on March 9. New customer service connections included 2 commercial customers, and 35 -40 residential customers. Approximately $95,000 has been spent on routine construction, for the month were106 cutouts replaced during the month for a year to date total of 455 and 1,300 remain for replacement. Regular Session Meeting Minutes 4 February 24, 2010 Engineering and Operations Report, January 2010— Mr. Sullivan - Attachment 5 Gaw Update - Mr. Sullivan then reported on the reliability report. CAIDI Mr. Sullivan reported the CAIDI was at 38.70 minutes with the twelve month average at 35.55 minutes. Mr. Sullivan has begun to benchmark the RMLD against itself for 2006 -2009 with 50.98 being the restoration time. The first month the RMLD has beat that number. SAIFI Mr. Sullivan stated that the rolling four year average was .82 outages per year, but the twelve month average is 0.62. The increase in December and January reflects the amount of customers without power. MBTI Mr. Sullivan said that the average customer experiences an outage every 19.35 months. Discussion followed. M.G.L. Chapter 30B Bids 15kV Aerial Spacer Cable 2010 -12 Mr. Sullivan reported that this RFP was sent to 24 bidders and RMLD received three bids. Items 1 and 2 are involved in the capital projects and inventory. Discussion followed. Mr. Hahn made a motion seconded by Ms. Kearns that bid 2010 -12 for 15kV Aerial Spacer Cable be awarded to WESCO for a total cost of $62,559.00 and Arthur J. Hurley Company for a total cost of $36,571.50 as the lowest qualified bidders on the recommendation of the General Manager. Motion carried 4:0:0. 750 MCM 15KV Strand Shield Power Cable 2010 -09 Mr. Sullivan said that this was sent to 24 bidders and five responded. This wire is for Project 3 - 7,050 feet is required. Discussion followed. Mr. Hahn made a motion seconded by Ms. Kearns that bid 2010 -09 for 750 MCM 15 KV Strand Shield Power Cable be awarded to Yale Electric for a total cost not to exceed of $111,639.60 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 4:0:0. Flame Resistant Clothing Allowance Management Program 2010 -04 Mr. Cameron reported that the bid is for flame retardant clothing that is spent contractually. The RMLD has used Tyndale before for three years and they provide a very good tracking system. Mr. Soli asked if Tyndale were the only bidder. Mr. Cameron said that the bid was sent to five bidders; Tyndale was the only bidder to respond. Mr. Hahn asked if the bid is consistent with what we paid in the past. Mr. Cameron replied, "yes." Mr. Hahn made a motion seconded by Ms. Kearns that bid 2010 -04 for the Flame Resistant Clothing Allowance Management Program be awarded to Tyndale Company Inc. for $40,000.00 as the only responsible and responsive bidder on the recommendation of the General Manager. (This is a three year contract.) Motion carried 4:0:0. Regular Session Meeting Minutes February 24, 2010 General Discussion Ms. Kearns said that she would like to thank the voters of Reading for electing her to the RMLD Board for three terms. Ms. Kearns will not run this year because she has assumed a new position at work which is very time consuming. She expressed her appreciation for all the help from the RMLD staff and her pleasure working with the other Commissioners. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED Rate Comparisons, February 2010 E -Mail responses to Account Payable /Payroll Questions Chairman ONeill would like to see the amount of paper used for these reports reduced, if possible. Upcoming Meetings After discussion the Board agreed to move its next regular monthly meeting from the fourth Wednesday of March to Wednesday, March 31, 2010 in order to have the financial report prior to the meeting. Executive Session At 9:31 p.m. Mr. Hahn made a motion seconded by Ms. Kearns that the Board go into Executive Session to discuss strategy with respect to collective bargaining and litigation, Chapter 164 Section 471), 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 4:0:0. Mr. Soli, Aye; Ms. Kearns, Aye; Chairman O'Neill, Aye; and Mr. Hahn, Aye. The Board re- entered Regular Session at 9:45 p.m. Release of Executive Session Minutes Mr. Hahn made a motion seconded by Ms. Kearns that the Reading Municipal Light Board of Commissioners approve the release of the Executive Session meeting minutes, January 5, 2006, January 18, 2006, January 25, 2006, February 15, 2006, February 22, 2006, March 28, 2006, March 29, 2006, April 19, 2006, May 17, 2006, June 21, 2006, July 19, 2006, August 30, 2006, September 20, 2006, October 4, 2006, October 18, 2006 and November 15, 2006. Motion carried 4:0:0. Motion to Adjourn At 9:50 p.m. Mr. Hahn made a motion seconded by Ms. Kearns 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. 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O ems) 4.� • rr�J O u CC3 •rmm� vs N � • r-1 O • bA ct N r� `� t�A 7i 4.� N 9 f� on >--b an • 0 ct r--� clt U 5 ct bA cn 45 ct 'Cot u ct Q ct Q ;,q -C� O r .. r--1 ct C.) cn ct C=t ct ct C.) UD ct 4-j V) • 0 ct r--� clt U 5 Dt: February 24, 2010 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Bob Fournier d 7 J Sj: January 31, 2010 Report The results for the first seven months ending January 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 January, net income or the positive change in net assets was $398,462 increasing the year to date net income for the first seven months to $1,785,904. The budgeted net income for this period was $1,798,645, resulting in net income being under budget by $12,741, or .71 %. Fuel revenues exceeded fuel expenses by $1,788,853. In addition, year to date energy conservation revenues exceeded energy conservation expenses by $122,700. 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) Due to the reforecast of revenue figures, the year to date variances are minimal. Base revenues were over budget by $238,238 or 1.02 %. Actual base revenues were $23.5 million compared to the reforcasted amount $23.3: Expenses: (Page 12A) *Purchased power base expense was $263,825 or 1.6% over budget. Actual purchased power base costs were $16.4 million compared to the budgeted amount of $16.2 million. *Operating and Maintenance (O &M) expenses combined were over budget by $593,600 or 9.75 %. Actual O &M expenses were $6.7 million compared to the budgeted am nt ou of $6.1 million. The major expenses that were over budget are maintenance of line transformers ($440,000) and employee pension and benefits ($273,200). *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund balance was at $2,627,816. *Capital Funds balance was at $5,404,260. '`Rate Stabilization Fund balance was at $5,300,105. *Deferred Fuel Fund balance was at $3,295,159. *Energy Conservation balance was at $313,477. 5) General Information: Kwh sales (Page 5) lag behind last year's figure by 15.8 million kwh or 3.7 %. Due to the read schedule, January contained more billable days. Pension Trust actuarial evaluation costs have been received. `< y 6) Budget Variance: Cumulatively, the five divisions were over budget by $591,270 or 5.87 %. 7) Trends: The fuel charge increased in January from $.0615 to $.0665. ISSUE DATE: FEBRUARY 23, 20111,; TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 1/31/10 ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) RESTRICTED CASH (SCH A P.9) RESTRICTED INVESTMENTS (SCH A P.9) RECEIVABLES, NET (SCH B P.10) PREPAID EXPENSES (SCH B P.10) INVENTORY TOTAL CURRENT ASSETS NONCURRENT . INVESTMENT IN ASSOCIATED CO (SCH C P.2) CAPITAL ASSETS, NET (SCH C P.2) OTHER ASSETS (SCH C P.2) TOTAL NONCURRENT ASSETS TOTAL ASSETS 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 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 5 <, (1) PREVIOUS YEAR CURRENT YEAR 5,703,339.48 14,812,067.41 2,900,000.00 10,601,995.25 2,106,807.37 1,408,117.20 37,532,326.71 122,391.17 64,107,794.22 17,473.90 2,630,816.52 13,799,597.88 4,400,000.00 10,452,838.93 2,292,463.90 1,457,332.46 35,033,049.69 108,967.43 65,695,240.27 14,523.70 64,247,659.29 65 818 731.40 101 779 986.00 100,851,781.09 5,616,458.75 495,154.23 637,144.04 782,587.01 550,000.00 5,990,270.11 481,462.86 590,040.02 1,091,273.15 0.00 8,081,344.03 8,153,046.14 0.00 0.00 2,682,217.58 2,873,114.33 2,682,217.58 2,873,114.33 10,763,561.61 11,026,160.47 63,557,794.22 65,695,240.27 4,870,701.73 5,404,260.58 22,587,928.44 18,726,119.77 91,016,424.39 89,825,620.62 101,779,986.00 100,851,781.09 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 1/31/10 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 (2) SCHEDULE C PREVIOUS YEAR CURRENT YEAR 46,153.24 41,937.50 76,237.93 67,029.93 122,391.17 108,967.43 1,265,842.23 7,288,907.18 11,758,008.67 43,795,036.14 64,107,794.22 14,523.70 2,950.20 17,473.90_ 64,247,659.29 1,265,842.23 6,997,417.80 12,918,491.90 44.513,488.34 65,695,240.27 14,523.70 0.00 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 1/31/10 OPERATING REVENUES: (SCH D P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME N( RATING 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 MET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF JANUARY MONTH MONTH LAST YEAR CURRENT YEAR 3,586,337.76 4,566,487.28 12,059.21 86,832.80 48,443.80 0.00 8,300,160.85 3,768,018.93 4,473,198.05 229,866.39 82,694.51 53,295.39 (22,862.60 8,584,210.67 LAST YEAR CURRENT YEAR YTD o TO DATE TO DATE CHANGE 23,557,281.15 23,550,408.88 -0.03% 37,226,729.15 26,750,838.89 - 28.14% 1,488,104.58 2,273,788.28 52.80% 505,001.07 509,834.81 0.969, 183,032.95 332,632.54 81.7351. 0.00 (233,088.40) 100.001 62,960,148.90 53,184,415.00 - 15.53% 2,364,153.83 2,387,788.41 14,841,759.73 16,448,359.66 10.825. 4,291,375.17 3,704,455.86 35,564;434.70 24,961,985.54 - 29.819'. 657,412.77 956,606.10 4,606,497.28 4,967,804.54 7.84% 182,158.04 637,668.83 1,380,882.27 1,713,415.47 24.08% 261,200.00 280,105.78 1,828,400.00 1,960,740.46 7.24% 100.750.00 104,500.00 681,981.00 73- 246.00 7.22% 7,857,049.81 8,071,124.98 58,903,954.98 50,783,551.67 - 13.795% 443,111.04 513,085.69 4,056,193.92 2,400,863.33 - 40.81% 70,803.47 10,884.28 227,281.51 421,240.71 (176,060.33) (182,222.50) (1,232,423.33) (1,275,557.50) 37,331.27 49,442.65 266,429.88 136,018.58 (3,851.52) (1,254.74) (27,631.40) (14,545.58) 15,404.68 8,526.72 103,545.12 117,884.96 (56,372.43) (114,623.59) (662,798.22) (614,958.83) 386,738.61 398,462.10 3,393,395.70 1,785,904.50 (3) 87,623,028.69 88,039,716.12 91,.016,424.39 89,825,620.62 85.34% 3.5091. -48.95% - 47.36% 13.85 % -7.2291. -47.379s 0.48% -1.3151. TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 1/31/10 OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE ACTUAL BUDGET 263,825.66 1.63% PURCHASED POWER FUEL YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE OPERATING REVENUES: (SCH F P.11B) 4,967,804.54 4,810,608.44 157,196.10 3.27% BASE REVENUE ** 23,550,408.88 23,312,170.00 238,238.88 1.0291 FUEL REVENUE 26,750,838.89 26,029,770.00 721,068.89 2.77% PURCHASED POWER CAPACITY 2,273,788.28 2,343,921.00 (70,132.72) -2.995. FORFEITED DISCOUNTS 509,834.81 504,795.00 5,039.81 1.00% ENERGY CONSERVATION REVENUE 332,632.54 330,655.00 1,977.54 0.60% PASNY CREDIT (233,088.40) (210,225.00) (22,863.40) 100.00%. TOTAL OPERATING REVENUES 53,184,415.00 52,311,086.00 873,329.00 1.67% OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE 16,448,359.66 16,184,534.00 263,825.66 1.63% PURCHASED POWER FUEL 24,961,985.54 25,009,659.68 (47,674.14) -0.19% OPERATING 4,967,804.54 4,810,608.44 157,196.10 3.27% MAINTENANCE 1,713,415.47 1,276,946.64 436,468.83 34.18% DEPRECIATION 1, 960, 740.46 1,963,134.68 (2,394.22) -0.12% VOLUNTARY PAYMENTS TO TOWNS 731,246.00 731.246.00 0.00 0.00% TOTAL OPERATING EXPENSES 50,783,551.67 49,976,129.44 807,422.23 1.625. OPERATING INCOME 2,400,863.33 2,334,956.56 65,906.77 2.82% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 421,240.71 510,356.00 (89,115.29) - 17.46% RETURN ON INVESTMENT TO READING (1,275,557.50) (1,275,560.00) 2.50 0.0091. INTEREST INCOME 136,018.58 124,075.00 11,943.58 9.63% INTEREST EXPENSE (14,545.58) (14,540.00) (5.58) 0.0491. OTHER (MDSE AND AMORT) 117,884.96 119,358.00 (1,473.04) -1.23% TOTAL NONOPERATING REV (EXP) (614,958.83) (536,311.00) (78,647.83) 14.66% CHANGE IN NET ASSETS 1,785,904.50 1,798,645.56 (12,741.06) -0.71% NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 88,039,716.12 0.00 0.00% NET ASSETS AT END OF JANUARY 89,825,620.62 89,838,361.68 (12,741.06) -0.01% * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12131109 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 1/31/10 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 JANUARY PAID ADDITIONS TO GAW THRU JANUARY TOTAL USE OF CAPITAL FUNDS GENERAL LEDGER CAPITAL FUNDS BALANCE 1/31/10 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL 4: (4) 1,974,947.79 1,023,943.00 4,403,129.56 1,000,000.00 15,338.35 1,960,740.46 0.00 1,023,943.00 8,403,151.37 2,998,890.79 5,404,260.58 1,023,943.00 3,136,764.00 1,895,975.00 6,056,682.00 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 1/31/10 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 24,679,946 25,977,843 154,102,898 151,713,178 - 1.55% COMM. AND INDUSTRIAL SALES 33,975,518 37,983,262 258,998,792 244,542,847 -5.5896 PRIVATE STREET LIGHTING 71,266 71,334 498,203 497,083 -0.22% TOTAL PRIVATE CONSUMERS 58,726,730 64,032,439 413,599,893 396,753,108 -4.07% MUNICIPAL SALES: STREET LIGHTING 239,307 237,395 1,688,593 1,660,767 -1.65% MUNICIPAL BUILDINGS 994,032 1,072,646 7,629,804 5,896,278 - 22.72% TOTAL MUNICIPAL CONSUMERS 1,233,339 1,310,041 9,318,397 7,557,045 - 18.90% SALES FOR RESALE 326,831 337,262 2,040,171 1,971,753 -3.35% SCHOOL 1,423,085 1,588,384 5,463,364 8,360,231 53.02% TOTAL KILOWATT HOURS SOLD 61,709,985 67,268,126 430,421;825 414,642,137 -3.67% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 1/31/10 (6) TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 25,977,843 8,224,215 3,545,112 5,939,779 8,268,737 CONN & IND 37,983,262 4,856,866 312,742 6,109,399 26,704,255 PVT ST LIGHTS 71,334 13,867 1,360 21,030 35,077 PUB ST LIGHTS 237,395 78,651 32,851 39,710 86,183 MUNI BLDGS 1,072,646 324,285 174,673 186,153 387,535 SALES /RESALE 337,262 337,262 0 0 0 SCHOOL 1,588,384 563,716 313,420 213,640 497,608 TOTAL 67,268,126 14,398,862 4,380,158 12,509,711 35,979,395 YEAR TO DATE RESIDENTIAL 151,713,178 47,100,112 21,861,051 34,944,318 47,807,697 COMM & IND 244,542,847 30,248,136 1,981,391 38,475,375 173,837,945 PVT ST LIGHTS 497,083 98,033 9,520 146,262 243,268 PUB ST LIGHTS 1,660,767 550,457 229,957 277,904 602,449 =1 BLDGS 5,896,278 1,516,454 992,513 1,151,934 2,235,377 SALES/RESALE 1,971,753 1,971,753 0 0 0 SCHOOL 8,360,231 3,090,079 1,705,988 1,049,680 2,514,484 TOTAL 414,642,137 84,575,024 26,780,420 76,045,473 227,241,220 LAST YEAR TO DATE RESIDENTIAL 154,102,898 48,649,108 22,090,455 35,513,541 47,849,794 COMM & IND 266,628,596 34,799,875 3,655,616 46,640,554 181,532,551 PVT ST LIGHTS 498,203 96,685 9,560 151,951 240,007 PUB ST LIGHTS 1,688,593 579,473 230,017 277,104 601,999 SALES /RESALE 2,040,171 2,040,171 0 0 0 SCHOOL 5,463,364 2,066,656 1,061,777 676,960 1,657,971 TOTAL 430,421,825 88,231,968 27,047,425 83,260,110 231,882,322 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 38.62% 12.23% 5.2791. 8.83% 12.29% COMM & IND 56.47% 7.22% 0.469. 9.08% 39.71% PVT ST LIGHTS 0.11% 0.02% 0.00% 0.03% 0.065. PUB ST LIGHTS 0.3591. 0.12% 0.05% 0.06% 0.12% MUNI BLDGS 1.59% 0.48% 0.26% 0.28% 0.57% SALES /RESALE 0.50% 0.50% 0.00% 0.00% 0.0096 SCHOOL 2.36% 0.84% 0.47% 0.32% 0.73% TOTAL 100.00% 21.41% 6.51% 18.60% 53.48% YEAR TO DATE RESIDENTIAL 36.59% 11.36% 5.27% 8.43% 11.53% COMM, & IND 58.97% 7.29% 0.48 % 9.28% 41.92% PVT ST LIGHTS 0.12% 0. 02% 0.00% 0.04% 0.06 % PUB ST LIGHTS 0.40% 0 . 13 % 0.06% 0.07% 0 .14 % =1 BLDGS 1.42% 0.37% 0.24% 0.28% 0.535. SALES /RESALE 0.48% 0.48% 0.00% 0.00% 0.00% SCHOOL 2.02% 0.7591. 0.41% 0.25% 0.61% TOTAL 100.00% 20.40% 6.46% 18.35% 54.795. LAST YEAR TO DATE RESIDENTIAL 35.80% 11.30% 5.13% 8.25% 11.12% COMM & IND 61.94% 8.09% 0.85% 10.84% 42.16% PVT ST LIGHTS 0.12% 0.02 % 0.00% 0.04% 0.06 % PUB ST LIGHTS 0.39% 0.13% 0.05% 0.06% 0.15% SALES /RESALE 0.47% 0.47% 0.00% 0.00% 0.009. SCHOOL 1.28% 0.48 % 0.25% 0. 16% 0.399. TOTAL 100.00% 20.49% 6.28% 19.35% 53.88% (6) TOWN OF READING, MASSACHUSETTS .MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 1/31/10 TOTAL OPERATING REVENUES (P.3) 53,184,415.00 ADD: POLE RENTAL 37,806.00 INTEREST INCOME ON CUSTOMER DEPOSITS 1,548.13 LESS: OPERATING EXPENSES (P.3) (50,783,551.67) BOND INTEREST EXPENSE (4,445.77) CUSTOMER DEPOSIT INTEREST EXPENSE (10,099.81) FORMULA INCOME (LOSS) 2,425,671.88 (7) 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 a TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 1/31/10 MONTH OF JAN 2009 61,709,985 62,489,271 0.037833 0.058116 0.106507 0.132115 4,566,487.28 77.89% 109,896 MONTH OF % CHANGE YEAR THRU JAN 2010 2009 2010 JAN 2009 JAN 2010 67,268,126 —1.4591. —3.67% 430,421,825 414,642,137 61,393,989 —2.31% —5.72% 450,269,512 424,524,353 0.038893 18.27% 17.18% 0.033065 0.038745 0.056015 4.05% 4.86% 0.054164 0.056797 0.099232 39.85% — 15.87% 0.115939 0.097545 0.122513 35.80% — 15.01% 0.142743 0.121312 4,473,198.05 65.85% — 28.14% 37,226,729.15 26,750,838.89 78.70% 106,870 (8) N NVP (D 60 ODC] 60 AON 60 100 4--j U) 60 d3S > 60 env 0 60 inr (D 60 Nnr U) 60 AVN CZ 60 UcJV 60 UVN 60 G�j 60 NVP 90 030 90 AON 20 i0o 80 d3S 80 and goinr 90 Nnr 90 AVA 90 Hdv eo UVN 2003-4 \ ! 90 Nvr /0030 LO AON LO i0o LO d=]S zo and zo inn LO Nnr LO AM LO UdV LO UVA LO OB=l LO NVr LO 0 LO 0 LO 0 LO 0 0 00 r,.-- LO zl- N -- T- �- O O CD 0 0 0 C), 69- 6a 6 6a ............ I", TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 1/31/10 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 JANUARY 2009 * FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP JANUARY 2010 * FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP .E` FED NATIONAL MTG ASSN SCHEDULE A CURRENT YEAR 5,700,339.48 2,627,816.52 3,000.00 3,000.00 5,703,339.48 2,630,816.52 4,870,701.73 0.00 276,800.00 338,800.00 2,567,625.15 4,793,198.11 28,988.15 1,255,548.32 35,251.72 150,000.00 495,154.23 0.00 5,404,260.58 0.00 286,725.00 0.00 3,295,159.20 2,400,105.06 28,988.15 1,404,167.67 35,251.72 150,000.00 481,462.86 313,477.64 14,812,067.41 13,799,597.88 1,400,000.00 2,900,000.00 1,500,000.00 1,500,000.00 2,900,000.00 4,400,000.00 23,415,406.89 20,830,414.40 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; TNT 2.00 %; MATURITY 01/15/13 500,000.00; DTD 06101109; TNT 3.70 %; MATURITY 06/11/16 500,000.00; DTD 05/07/09; TNT 3.00 %; MATURITY 05/15/15 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 1/31/10 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 JANUARY 2010: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL (10) PREVIOUS YEAR 5,741,647.93 392,427.06 182,604.93 1,067.16 (277,838.31) (200,275.27) 5,839,633.50 . 4,762,361.75 10, 601, 995 .25 1,327,228.52 449,262.45 330,316.40 0.00 2,106,807.37 6,338,811.41 (349,471.06) 5,989,340.35 5,192,918.68 86.70% 410,581.31 6.86% 183,164.82 3.06% 95,030.07 1.59% 107,645.47 1.79% 5,989,340.35 100.00% SCHEDULE B CURRENT YEAR 6,338,811.41 325,503.55 176,298.73 1,067.16 (349,471.06) (212,315.44) 6,279,894.35 4,172,944.58 10,452,838.93 1,363,827.34 479,031.58 286,833.66 162,771.32 2,292,463.90 i (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 1/31/10 SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 3,521,494.54 3,499,745.39 23,487,057.77 20,200,320.24 - 13.999,. COMM AND INDUSTRIAL SALES 4,216,304.32 4,317,637.70 34,563,169.54 27,687,355.05 - 19.89% PRIVATE STREET LIGHTING 11,214.12 10,724.02 83,775.78 73,324.07 - 12.48% TOTAL PRIVATE CONSUMERS 7,749,012.98 7,828,107.11 58,134,003.09 47,960,999.36 - 17.50% MUNICIPAL SALES: STREET LIGHTING 49,192.91 47,076.95 364,274.72 325,358.00 - 10.68% MUNICIPAL BUILDINGS 128,019.90 129,913.36 1,219,998.47 719,525.76 - 41.02% TOTAL MUNICIPAL CONSUMERS 177,212.81 176,990.31 1,584,273.19 1,044,883.76 - 34.05% SALES FOR RESALE 44,653.30 43,435.75 313,924.90 250,010.33 - 20.36% SCHOOL 181,945.95 192,683.81 751,809.12 1,045,354.32 39.05% SUB -TOTAL 8, 152, 825.04 8,241,216.98 60,784,010.30 50,301,247.77 - 17.25% FORFEITED DISCOUNTS 86,832.80 82,694.51 505,001.07 509,834.81 0.96% PURCHASED POWER CAPACITY 12,059.21 229,866.39 1,488,104..58 2,273,788.28 52.80% ENERGY CONSERVATION - RESIDENTIAL 12,345.51 12,994.74 40,265.48 75,896.70 88.49% ENERGY CONSERVATION - COMMERCIAL 36,098.29 40,300.65 142,767.47 256,735.84 79.83% PASNY CREDIT 0.00 (22,862.60) 0.00 (233,088.40) 100.009, TOTAL REVENUE 62,960,148.90 - 15.53% 53,184,415.00 8,300,160.85 8,584,210.67 (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 1/31/10 (11A) TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 3,499,745.39 1,110,170.59 476,459.87 800,298.23 1,112,816.70 INDUS /MUNI BLDG 4,447,551.06 616,016.71 58,748.87 727,925.22 3,044,860.26 PUB.ST.LIGHTS 47,076.95 16,282.00 5,831.63 7,814.62 17,148.70 PRV.ST.LIGHTS 10,724.02 2,033.16 204.04 3,340.36 5,146.46 CO -OP RESALE 43,435.75 43,435.75 0.00 0.00 0.00 SCHOOL 192,683.81 68,345.84 37,603.65 26,484.57 60,249.75 TOTAL 8,241,216.98 1,856,284.05 578,848.06 1,565,863.00 4,240,221.87 THIS YEAR TO DATE RESIDENTIAL 20,200,320.24 6,288,974.94 2,896,708.70 4,659,020.64 6,355,615.96 INDUS /MUNI BLDG 28,406,880.82 3,772,988.32 355,639.88 4,564,487.17 19,713,765.44 PUB.ST.LIGHTS 325,358.00 112,634.78 40,273.95 54,006.63 118,442.64 PRV.ST.LIGHTS 73,324.06 14,159.11 1,407.33 22,619.42 35,138.21 CO -OP RESALE 250,010.33 250,010.33 0.00 0.00 0.00 SCHOOL 1,045,354.32 384,853.64 210,368.25 135,688.69 314,443.74 TOTAL 50,301,247.77 10,823,621.12 3,504,398.09 9,435,822.56 26,537,406.00 LAST YEAR TO DATE RESIDENTIAL 23,487,057.77 7,433,570.44 3,355,617.82 5,416,968.111 7,280,901.41 INDUS /MUNI BLDG 35,783,168.01 4,830,450.54 520,848.50 6,264,334.37 24,167,534.60 PUB.ST.LIGHTS 364,274.72 128,738.97 45,088.02 59,563.14 130,884.59 PRV.ST.LIGHTS 83,775.78 15,981.96 1,616.81 26,619.44 39,557.57 CO -OP RESALE 313,924.90 313,924.90 0.00 0.00 0.00 SCHOOL 751,809.12 283,700.61 144,463.15 95,926.02 227,719.34 TOTAL 60,784,010.30 13,006,367.42 4,067,634.30 11,863,411.07 31,846,597.51 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 42.47% 13.47% 5.78% 9.71% 13.50% INDUS /MUNI BLDG 53.97% 7.47% 0.71% 8.83% 36.95% . PUB.ST.LIGHTS 0.57% 0.20% 0.07% 0.09% 0.219, PRV.ST.LIGHTS 0.13% 0.02% 0.00% 0.04% 0.06% CO -OP RESALE 0.53% 0.53% 0.00% 0.00% 0.00% SCHOOL 2.34% 0.83 % 0.46% 0.32% 0.73% TOTAL 100.00% 22.52% 7.029. 19.00% 51.45% THIS YEAR TO DATE RESIDENTIAL 40.16% 12.50% 5.76% 9.26% 12.64% INDUS /MUNI BLDG 56.47% 7.50% 0.7.1% 9.07% 39.19% PUB.ST.LIGHTS 0.65% 0.22% 0.08% 0.11% 0.249, PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.04% 0.07% CO -OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 2.08% 0.77% 0.42% 0.27% 0. 6391. TOTAL 100.00% 21.52% 6.97% 18.7691. 52.76% LAST YEAR TO DATE RESIDENTIAL 38.64% 12.23% 5.5291. 8.91% 11.98% INDUS /MUNI BLDG 58.86% 7.95% 0.86% 10.31% 39.74% PUB.ST.LIGHTS 0.60% 0.21% 0.07% 0.10% 0.22% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07 % sf CO -OP RESALE 0.52% 0.52% 0.00% 0.00% 0.00% SCHOOL 1.2491. 0.47% 0.24% 0.16 % 0.37% TOTAL 100.00% 21.41% 6.69% 19.52% 52.38% (11A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 1/31/10 SCHEDULE F * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12/31/09 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (11B) ACTUAL BUDGET o YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE SALES OF ELECTRICITY: RESIDENTIAL 10,402,576.05 10,263,239.00 139,337.05 1.36% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 12,299,599.78 12,197,115.00 102,484.78 0.84% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 218,476.11 229,831.00 (11,354.89) -4.94% SALES FOR RESALE 122,514.14 125,766.00 (3,251.86) -2.59% SCHOOL 507,242.80 496,219.00 11,023.80 2.22% TOTAL BASE SALES ** 23,550,408.88 23,312,170..00 238,238.88 1.020 TOTAL FUEL SALES ** 26,750,838.89 26,029,770.00 721,068.89 2.77% TOTAL OPERATING REVENUE 50,301,247.77 49,341,940.00 959,307.77 1.94% FORFEITED DISCOUNTS ** 509,834.81 504,795.00 5,039.81 1.00% PURCHASED POWER CAPACITY 2,273,788.28 2,343,921.00 (70,132.72) -2.99% ENERGY CONSERVATION - RESIDENTIAL 75,896.70 78,297.00 (2,400.30) -3.075. ENERGY CONSERVATION - COMMERCIAL 256,735.84 252,358.00 4,377.84 1.73% PASNY CREDIT (233,088.40) (210,225.00) (22,863.40) 100.00% TOTAL OPERATING REVENUES 53,184,415.00 52,311,086.00 873,329.00 1.67% * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12/31/09 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (11B) OPERATION EXPENSES: PURCHASED POWER BASE EXPENSE OPERATION SUPER AND ENGIN -TRANS OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT MAINT OF LINES - OR MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 1/31/10 SCHEDULE E -- MONTH MONTH LAST YEAR CURRENT YEAR YTD LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 2,364,153.83 2,387,788.41 14,841,759.73 16,448,359.66 10.82% 0.00 0.00 0.00 0.00 0.00% 28,904.19 32,242.67 223,070.24 232,433.66 4.20% 6,325.26 15,096.47 51,822.38 41,649.35 - 19.63% 62,379.08 44,869.38 373,517.94 364,248.37 -2.48% 34,719.14 31,162.93 275,402.09 279,006.26 1.31% 8,502.87 3,968.58 37,976.20 28,866.40 - 23.99% 26,520.46 33,298.73 219,545.48 233,460.22 6.34% 28,548.67 25,972.54 193,587.57 187,758.73 -3.01% 6,856.52 5,053.74 45,408.15 45,270..09 -0.30% 125,596.38 103,448.09 864,645.44 796,956.55 -7.83% 10,400.00 12,500.00 72,800.00 87,992.92 20.87% 55,647.85 40,241.02 302,413.57 270,899.39 - 10.42% 59,348.32 57,805.63 433,532.65 453,133.93 4.52% 24,139.88 23,920.94 162,738.07 152,575.06 -6.25% 15,546.10 23,124.83 135,438.48 171,123.69 0.00% 31,019.93 30,958.55 188,713.32 221,251.98 17.24% 5,348.84 5,932.50 36,797.99 35,288.80 -4.10% 100,258.97 407,749.58 744,018.69 961,446.95 29.22% 8,806.34 12,874.97 98,895.86 94,446.52 -4.50% 16,058.97 16,487.43 102,031.16 100,126.37 -1.87% 2,485.00 29,897.52 44,142.00 209,869.30 375.44% 657 412.77 956 606.10 4,606,497.28 4,967,804.54 7.849,. 227.08 227.08 1,589.58 1,589.58 0.00% 15,311.19 8,433.66 173,588.18 46,281.35 - 73.34% 82,812.65 110,608.95 687,335.15 635,387.31 -7.56% 8,003.75 15,987.64 78,862.44 94,086.67 19.30% 1,856.04 454,172.46 49,052.95 592,545.80 1107.97% 8.93 (31.54) 61.58 (88.67) 100.00% 67,185.64 40,123.95 338,185.19 288,172.27 - 14.79% 0.00 0.00 0.00 531.31 100.00% 6,752.76 8,146.63 52,207.20 54,909.85 5.18% 182,158.04 637,668.83 1,380,882.27 1,713,415.47 24.08% 261,200.00 280,105.78 1,828,400.00 1,960,740.46 7.245. 4,291,375.17 3,704,455.86 35,564,434.70 24,961,985.54 - 29.81% 100,750.00 104,500.00 681,981.00 731,246.00 7.22% - 13.79% 50,783,551.67 58,903,954.98 8,071,124.98 7,857,049.81 (12) (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 1/31/10 SCHEDULE G ACTUAL BUDGET OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER BASE EXPENSE 16,448,359.66 16,184,534.00 263,825.66 1.63% OPERATION SUPER AND ENGIN -TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 232,433.66 231,915.99 517.67 0.22% STATION SUP LABOR AND MISC 41,649.35 31,929.88 9,719.47 30.44% LINE MISC LABOR AND EXPENSE 364,248.37 374,610.99 (10,362.62) -2.77% STATION LABOR AND EXPENSE 279,006.26 286,995.33 (7,989.07) -2.78% STREET LIGHTING EXPENSE 28,866.40 31,578.82 (2,712..42) -8.59% METER EXPENSE 233,460.22 237,019.49 (3,559.27) - 1.509. MISC DISTRIBUTION EXPENSE 187,758.73 188,834.19 (1,075.46) -0.57% METER READING LABOR & EXPENSE 45,270.09 45,523.35 (253.26) - 0..56% ACCT & COLL LABOR & EXPENSE 796,956.55 822,949.46 (25,992.91) -3.169,. UNCOLLECTIBLE ACCOUNTS 87,992.92 87,992.92 0.00 0.00% ENERGY AUDIT EXPENSE 270,899.39 339,664.37 (68,764.98) - 20.249. ADMIN & GEN SALARIES 453,133.93 455,641.30 (2,507.37) -0.5591. OFFICE SUPPLIES & EXPENSE 152,575.06 150,822.12 1,752.84 1.16% OUTSIDE SERVICES 171,123.69 185,084.86 (13,961.17) -7.54% PROPERTY INSURANCE 221,251.98 227,224.43 (5,972.45) -2.63% INJURIES AND DAMAGES 35,288.80 34,322.30 966.50 2.82% EMPLOYEES PENSIONS & BENEFITS 961,446.95 688,202.37 273,244.58 39.70% MISC GENERAL EXPENSE 94,446.52 109,018.55 (14,572:03) - 13.37% RENT EXPENSE 100,126.37 101,305.94 (1,179.57) -1.16% ENERGY CONSERVATION 209,869.30 179,971.78 29,897.52 100.00% TOTAL OPERATION EXPENSES 4,967,804.54 4,810,608.44 157,196.10 3.27% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 1,589.58 1,612.50 (22.92) -1.42% MAINT OF STRUCT AND EQUIPMENT 46,281.35 49,541.69 (3,260.34) - 6.58% MAINT OF LINES - OH 635,387.31 614,482.36 20,904.95 3.40% MAINT OF LINES - UG 94,086.67 90,119.03 3,967.64 4.40% MAINT OF LINE TRANSFORMERS 592,545.80 152,415.34 440,130.46 288.77% MAINT OF ST LT & SIG SYSTEM (88.67) 767.87 (856.54) - 111.55% MAINT OF GARAGE AND STOCKROOM 288,172.27 310,648.32 (22,476.05) -7.24% MAINT OF METERS 531.31 921.31 (390.00) - 42.33% MAINT OF GEN PLANT 54,909.85 56,438.22 (1,528.37) -2.71% TOTAL MAINTENANCE EXPENSES 1,713,415.47 1,276,946.64 436,468.83 34.18% DEPRECIATION EXPENSE 1,960,740.46 1,963,134.68 (2,394.22) -0.12% ** PURCHASED POWER FUEL EXPENSE 24,961,985.54 25,009,659.68 (47,674.14) -0.19% VOLUNTARY PAYMENTS TO TOWNS 731,246.00 731,246.00 0.00 0.00% TOTAL OPERATING EXPENSES 807,422.23 1.62% 50,783,551.67 49,976,129.44 * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12/31/09 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 1/31/10 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 16,448,359.66 10,345,891.34 38.61% OPERATION SUPER AND ENGIN -TRANS KS 0.00 0.00 0.00 0.0051. OPERATION SUP AND ENGINEERING EXP KS 398,196.00 232,433.66 165,762.34 41.6351. STATION SUP LABOR AND MISC KS 71,651.00 41,649.35 30,001.65 41.87% LINE MISC LABOR AND EXPENSE KS 576,553.00 364,248.37 212,304.63 36.82% STATION LABOR AND EXPENSE KS 423,826.00 279,006.26 144,819.74 34.17% STREET LIGHTING EXPENSE KS 79,519.00 28,866.40 50,652.60 63.70% METER EXPENSE DA 424,973.00 233,460.22 191,512.78 45.06% MISC DISTRIBUTION EXPENSE JD 345,498.00 187,758.73 157,739.27 45.66% METER READING LABOR & EXPENSE DA 66,772.00 45,270.09 21,501.91 32.20% ACCT & COLL LABOR & EXPENSE RF 1,462,217.00 796,956.55 665,260.45 45.50% UNCOLLECTIBLE ACCOUNTS RF 150,000.00 87,992.92 62,007.08 41.34% ENERGY AUDIT EXPENSE JP 1,105,759.00 270,899.39 834,859.61 75.50% ADMIN & GEN SALARIES VC 776,201.00 453,133.93 323,067.07 41.62% OFFICE SUPPLIES & EXPENSE VC 264,600.00 152,575.06 112,024.94 42.34% OUTSIDE SERVICES VC 398,500.00 171,123.69 227,376.31 57.06% PROPERTY INSURANCE JD 443,150.00 221,251.98 221,898.02 50.07% INJURIES AND DAMAGES JD 60,039.00 35,288.80 24,750.20 41.22% EMPLOYEES PENSIONS & BENEFITS JD 1,093,185.00 961,446.95 131,738.05 12.05% MISC GENERAL EXPENSE VC 223,038.00 94,446.52 128,591.48 57.659. RENT EXPENSE JD 212,000.00 100,126.37 111,873.63 52.77% ENERGY CONSERVATION JP 0.00 209,869.30 (209,869.30) 100.00% TOTAL OPERATION EXPENSES 8,575,677.00 4,967,804.54 3,607,872.46 42.07% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 1,589.58 1,410.42 47.01% MAINT OF STRUCT AND EQUIPMT KS 158,859.00 46,281.35 112,577.65 70.87% MAINT OF LINES - OH KS 1,060,849.00 635,387.31 425,461.69 40.11% MAINT OF LINES - UG KS 144,228.00 94,086.67 50,141.33 34.779. MAINT OF LINE TRANSFORMERS KS 93,500.00 592,545.80 (499,045.80) - 533.74% MAINT OF ST LT & SIG SYSTEM JD 9,888.00 (88.67) 9,976.67 100.90% MAINT OF GARAGE AND STOCKROOM JD 625,632.00 288,172.27 337,459.73 53.94% MAINT OF METERS DA 4,863.00 531.31 4.,331.69 89.0791. MAINT OF GEN PLANT RF 116,100.00 54,909.85 61,190.15 52.70% TOTAL MAINTENANCE EXPENSES 2, 216, 979. 00 1,713,415.47 503,503.53 22.71% DEPRECIATION EXPENSE RF 3,390,000.00 1,960,740.46 1,429,259.54 42.16% * *. PURCHASED POWER FUEL EXPENSE JP 40,893,477.00 24,961,985.54 15,931,491.46 38.96% VOLUNTARY PAYMENTS TO TOWNS RF 1,254,000.00 731,246.00 522,754.00 41.69% TOTAL OPERATING EXPENSES 38.91% 32,340,772.33 83,124,324.00 50,783,551.67 ** REFORECASTED AS OF 12/31/09 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 1/31/10 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT 1 RMLD AND PENSION TRUST AUDIT FEES 2 PENSION ACTUARIAL EVALUATION 3 IT CONSULTING 4 LEGAL- FERC /ISO ISSUES 5 LEGAL- POWER SUPPLY ISSUES 6'PROFESSIONAL SERVICES 7 NERC COMPLIANCE 8 ENGINEERING STUDIES 9 LEGAL SERVICES- GENERAL 10 LEGAL SERVICES- ARBITRATION 11 LEGAL GENERAL 12 LEGAL SERVICES - UNION CONTRACT 13 LEGAL GENERAL 14 SURVEY RIGHT OF WAY 15 ENVIRONMENTAL 16 ENGINEERING SERVICES 17 LEGAL 18 INSURANCE CONSULTING Ntoyo PROFESSIONAL SERVICES BY VENDOR CHOATE HALL AND STEWART PLM ELECTRIC UTILITY SERVICE DUNCAN AND ALLEN MELANSON HEATH AND COMPANY KATHLEEN GOOD- ARBITRATOR HEALTH RESOURCES GARRY WOOTERS- ARBITRATOR ROMARRE INSURANCE BRODERAGE MASSACHUSETTS MUNICIPAL WHOLESALE RUBIN AND RUDMAN G030AM ACCOUNTING ACCOUNTING ACCOUNTING ENERGY SERVICE ENERGY SERVICE ENERGY SERVICE E & O ENGINEERING GM HR HR HR BLDG. MAINT. BLDG. MAINT. BLDG. MAINT. BLDG. MAINT. GEN. BENEFIT GEN. BENEFIT (13) ACTUAL BUDGET VARIANCE 29,750.00 29,750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,167.00 (4,167.00) 28,773.25 32,940.25 (4,157.00) 0.00 4,167 .00 (4,167.00) 3,562.50 3,776.75 (214.25) 876.57 876.57 0.00 64,954.24 73,567.81 (8,613.57) 16,830.16 16,830.16 0.00 5,654.13 8,702.38 (3,048.25) 9,472.84 5,304.94 4,167.90 0.00 125.00 (125.00) 0.00 417.00 (417.00) 0.00 417.00 (417.00) 0.00 710.00 (710.00) 0.00 833.00 (833.00) 11,250.00 2,500.00 8,750.00 171,123.69 185,084.86 (13,961.17) ACTUAL 30,857.13 876.57 3,562.50 24,217.83 42,794.82 300.00 200.00 600.00 11,250.00 666.85 55,797.99 171,123.69 0 o° 0 o° o° o° o° \ o\ W .-1 w o H M h M m h Ch N �-1 01 � h w w H lf1 m (n O In O 111. 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RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 1/31/10 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 Au9-09 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 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2010 CONTRACTORS UG LINE 2 2 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 81 80 'f ACTUAL 10 BUD JUL AUG SEP OCT NOV DEC JAN TOTAL 09 09 09 09 09 09 10 C. ENERAT, MANAGER -- GENERAL MANAGER 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 COMMUNITY RELATIONS 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 BUSINESS ACCOUNTING 2 2 2 2 2 2 2 2 CUSTOMER SERVICE 9 9 9 9 9 9 9 9 MGMT INFORMATION SYS 6 6 6 6 6 6 6 6 MISCELLANEOUS 1 1 1 1 1 1 1 1 TOTAL 18 18 18 18 18 18 18 18 ENGINEERING & OPERATIONS AGM E &O 2 2 2 2 2 2 2 2 ENGINEERING 5 5 5 5 5 5 5 5 LINE 20 18 18 19 19 19 19 18 METER 7 7 7 7 7 7 7 7 STATION 9 9 9 9 9 9 9 9 TOTAL 43 41 41 42 42 42 42 41 PROJECT -- BUILDING 2 2 2 2 2 2 2 2 GENERAL BENEFITS 2 2 2 2 2 2 2 2 TRANSPORTATION 0 0 0 0 0 0 0 0 MATERIALS MGMT 4 4 4 4 4 4 4 4 TOTAL 8 8 8 8 8 8 8 8 ENERGY SERVICES ENERGY SERVICES 6 6 6 6 6 6 6 6 TOTAL 6 6 6 6 6 6 6 6 RMLD TOTAL 80 78 78 79 79 79 79 78 CONTRACTORS UG LINE 2 2 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 81 80 'f To: Vincent Cameron From: Energy Services Date: February 19, 2010 Subject: Purchase Power Summary — January, 2010 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of January 2010. ENERGY The RMLD's total metered load for the month was 61,292,318 kWhs, which was a decrease of 1.85 % compared to January, 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 3,072,997 $4.61 5.01% $14,181 0.38% Seabrook 5,889,892 $9.53 9.59% $56,134 1.51% Stonybrook 0 $0.00 0.00% $10,408 0.28% Constellation 14,880,000 $66.08 24.24% $983,204 26.48% PASNY 1,836,592 $4.92 2.99% $9,036 0.24% ISO Interchange 15,484,961 $61.91 25.22% $959,430 25.84% NEMA Congestion 0 $0.00 0.00% - $6,049 -0.16% Coop Resales 60,009 $130.42 0.10% $7,826 0.21% Stonybrook Peaking 104,217 $164.12 0.17% $17,104 0.46% Integrys 11,280,000 $99.71 18.37% $1,124,770 30.30% MacQuarie 8,720,000 $60.09 14.20% $523,993 14.11% Braintree Watson Unit 65,321 $193.32 0.11 % $12,628 0.34% Monthly Total 61,393,989 $60.47 100.00% $3,712,666 100.00% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of January, 2010. CAPACITY The RMLD hit a demand of 106,870 kWs, which occurred on January 4, 2010 at 6 pm. The RMLD's monthly UCAP requirement for January 2010 was 242,855 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount (kWs) Cost ($ /kW- month) Total Cost $ % of Total Cost Millstone #3 4,995 Table 2 $316,768 18.19% Amount Cost % of Total Resource of Energy of Energy Energy $1.75 (kWh) ($ /Mwh) Stonybrook CC ISO DA LMP 13,411,519 64.68 21.85% Settlement 6,109 $1.95 $11,896 RT Net Energy 2,073,442 60.15 3.38% Settlement 1.63% ISO -NE Supply Auction 129,942 ISO Interchange 15,484,961 64.08 25.22% (subtotal) $13.95 $150,148 8.62% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of January, 2010. CAPACITY The RMLD hit a demand of 106,870 kWs, which occurred on January 4, 2010 at 6 pm. The RMLD's monthly UCAP requirement for January 2010 was 242,855 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount (kWs) Cost ($ /kW- month) Total Cost $ % of Total Cost Millstone #3 4,995 $63.42 $316,768 18.19% Seabrook 7,905 $60.33 $476,901 27.39% Stonybrook Peaking 32,456 $1.75 $56,726 3.26% Stonybrook CC 50,684 $3.26 $165,159 9.48% Pasny 6,109 $1.95 $11,896 0.68% HQICC 0 $0.00 $28,311 1.63% ISO -NE Supply Auction 129,942 $4.12 $535,501 30.75% Braintree Watson Unit 10,764 $13.95 $150,148 8.62% Total 242,855 $7.17 $1,741,410 100.00% TRANSMISSI ®N The RMLD's total transmission costs for the month of January, 2010 are $650,537. This is a 14.8% increase from the December 2009 cost of $566,539. In 2009, the transmission costs for the month of January, 2009 were $553,812. 'Table 5 Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $14,181 $316,768 $330,950 6.07% Seabrook $56,134 $476,901 $533,036 9.77% Stonybrook $10,408 $165,159 $175,567 3.22% HQ II $0 $28,311 $28,311 0.52% Constellation $983,204 $0 $983,204 18.03% PASNY $9,036 $11,896 $20,932 0.38% ISO Interchange $959,430 $535,501 $1,494,931 27.41% Nema Congestion - $6,049 $0 - $6,049 -0.11% Coop Resales $7,826 $0 $7,826 0.14% Stonybrook Peaking $17,104 $56,726 $73,830 1.35% Integrys $1,124,770 $0 $1,124,770 20.62% MacQuarie $523,993 $0 $523,993 9.61% Braintree Watson Unit $12,628 $150,148 $162,775 2.98% Monthly Total $3,712,666 $1,741,410 $5,454,077 100.00% TRANSMISSI ®N The RMLD's total transmission costs for the month of January, 2010 are $650,537. This is a 14.8% increase from the December 2009 cost of $566,539. In 2009, the transmission costs for the month of January, 2009 were $553,812. Table 5 shows the current month vs. last month and last year (January, 2009). 'Table 5 Current Month Last Month Last Year Peak Demand.(.k ) ....... . _.. W _ _._ ......_.. 1870 06,, 112,865 ......... 109,896 Energy (kWh) 61,393,989 62,237,327 62,489,271 ......... ............... ._.... _- Energy ($) .............................. $3,712,666: $3,964,454 $4,291,375: Ca pacify ($) . .......... $1,741,410 $1,767,622, $1,809,916; Transmission ($) $650,537' $566,539, ......... ;Total $6,104,614: _.. ............. $6,298,615; ....... $6,655,103 Table 5 shows the current month vs. last month and last year (January, 2009). 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Reading — Project Complete. 22. Main Street — Wilmington — No activity. System Projects 2. Station #4 Getaway Feeder 4W30 Replacement — Reading — Underground work. 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 sidewalk guys and anchors; make - ready work for new messenger and new spacer cable; installed and clipped in messenger. 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 — Pole framing; hung blocks; ran in pulling rope; installed guy wire; set pole; and installed messenger on Cunningham, Salem, Beeching, and /or Faulkner. 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 — No paid financial activity this month. Part 2 — Procured Equipment — Sundry electrical equipment. Part 3 — RMLD Labor — Relay panel relocations and control wire modifications; moving a transformer. 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 repl acementh n stall ation s, primary or secondary cable replacement/installations etc. This portion of the project comes under routine construction. Note: Includes new service at 269 Ballardvale Street, Wilmington. 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 $110,435 Maintenance Overhead/Underground $278,501 Projects Assigned as Required $98,145 Pole Damage includes knockdowns some reimbursable $55,405 Station Group $40,267 Hazmat,10H Spills $11,318 Porcelain Cutout Replacement Program* $83,291 Lighting (Street Light Connections ) $16,102 Storm Trouble $10,340 Underground Subdivisions $40,815 Miscellaneous Capital Costs $79,474 TOTAL, $824,092 *In the month of January, 101 cutouts were charged under this program. Approximately 5 cutouts were installed new or replaced because of damage making a total of 106 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 — 35.55 minutes RMLD 4 year average outage (2006 -2009) — 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 35.55 minutes. 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 - .62 outages per year RMLD 4 year average outage frequency - .82 The graph below tracks the month -by -month SAIFI performance. 1.40 C 1.20 m :0 1.00 0.80 0 v 0.60 C m Cr 0.40 d LL 0.20 0.00 o°' oo p p o o� �o 00 0°' oo SO 5� CP o� O�G ��K —+-- RMLD monthly outage frequency --- RMLD 12 month system average outage frequency .62 RMLD 4 year average outage frequency .82 (2006 -200 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 19.35 months. GI