Loading...
HomeMy WebLinkAbout2010-01-27 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 January 27, 2010 Start Time of Regular Session: 7:30 p.m. End Time of Regular Session: 9:35 p.m. Attendees: Commissioners: Mary Ellen O'Neill, Chairman Philip Pacino, Secretary Ellen Kearns, Commissioner Staff: Vinnie Cameron, General Manager Robert Fournier, Accounting/Business Manager Jane Parenteau, Energy Services Manager Citizens' Advisory Board: Arthur Carakatsane, Chairman Richard Hahn, Vice Chair Robert Soli, Commissioner RECEIVED TOWN CLERK READING, MASS. Beth Ellen Antonio, Human Resources Manager Patricia Mellino, Operational Assistant Kevin Sullivan, Engineering and Operations Manager Opening Remarks /Approval of Meeting Agenda Chairman O'Neill thanked Mr. Pacino and Mr. Cameron for attending the Reading and North Reading meetings regarding approval of the Twenty Year Agreement. She further thanked Mr. Hahn for all his effort at the RMLD T- Shirt Contest Award Ceremony. Chairman O'Neill asked if there were any suggested comments or changes to the agenda. There were none. Introductions Chairman O'Neill introduced CAB Chairman Arthur Carakatsane and asked if the CAB has had a meeting since the November 30 meeting. Mr. Carakatsane stated that the CAB is trying to schedule one now and tentatively looking at Monday, February 8, but this is of course subject to change. Chairman O'Neill asked Messrs.. Cameron and Pacino if they could work out the schedule for the end of February and have a liaison from the Commission attend. Mr. Pacino asked to be recognized for a- moment of personal privilege. Mr. Pacino announced that he is a candidate for re- election for another three -year term. He has served in this position for the past twenty -three years and is hopeful that the voters will allow him to serve another three years.. Chairman O'Neill announced that the Town Election is on Tuesday, April 6, 2010 and that all nomination papers have to be in by the end of the day on Tuesday, February 16, 2010. Approval of December 16, 2009 Board Minutes Mr. Hahn made a motion seconded by Mr. Pacino to approve the Regular Session meeting minutes of December 16, 2009 as presented. Motion carried 5:0:0. General Manager's Report — Mr. Cameron Insurance Consultant Update Twenty Year Agreement Town Extension Update Mr. Cameron stated that two of the Twenty Year Agreement Town Extensions were completed. One was the Town of Reading and the other was the Town of North Reading. Both Boards of Selectmen approved motions to extend the agreement at their meetings. Mr. Cameron stated that the two towns left, Lynnfield and Wilmington, both go to their Town Meetings for permission for their Selectmen to approve the extension. Regular Session Meeting Minutes 2 January 27, 2010 General Manager's Report — Mr. Cameron Mr Cam6fon stated that he had sent a letter to the four Town Managers concerning the Green Communities Act and the Massachusetts Renewable Energy Trust (MRET). Mr. Cameron said that he would like to get the four towns together at a meeting apd discuss this issue, bring them up to date, let them know the facts, as he understands them so that everyone'is on "tlie same page. Insurance Consultant Update Mr. Cameron stated that Ms. Kearns had asked Mr. Cameron to report on the Insurance negotiations. Mr. Cameron explained the process the RMLD uses to procure its insurance policies. Financial Report, December 2009 — Mr. Fournier (Attachment 1) Chairman O'Neill noted that the complete reports for the periods ending November 30, 2009 and December 30, 2009 are in this month's Board books. Mr. Fournier reported on the financial highlights for December. Mr. Fournier reported the results of the first six months ending December 31 are positive. The full financial impact of Gaw Substation is still an ongoing situation. Mr. Fournier reported for the month of December that the RMLD had a net negative change in assets resulting in a net loss of about $1.2 million thus decreasing the year to date net income for the first six months down to about $1.4 million. Mr. Fournier stated that the budgeted net income for this period was about $1.5 million resulting in net income being under budget by about $100,000 or 5.8 %. Of the $1.4 million net income, $1 million is attributable to fuel revenue exceeding fuel expense. Mr. Fournier reported that revenue projections were reforecasted from the original budget using actual figures for the first six months and the projected budget figures for January through June. The new projections are included in a revised six -year plan included at the end of the monthly financial report. Mr. Fournier reported that purchased power base expense was about $300,000 or 2.1% over budget, actual purchased power costs were $14 million compared to the budgeted $13.7 million, the Operating and Maintenance (O &M) expenses combined were under budget by $330,000 or 6.1 %, actual O &M expenses were at $5.1 million compared to the budgeted amount of $5.4 million. Mr. Fournier stated that the major expenses under budget are the energy audit expense and conservation by about $141,000, garage and stockroom $60,000 and professional services $80,000. Mr. Fournier stated that the depreciation expense and voluntary payments to the Towns were on budget. Mr. Fournier reported that the Operating Fund balance is at just below $6 million, Capital Funds balance is at $5.5 million; Rate Stabilization Fund balance at $5.2 million, and Deferred Fuel Fund balance is at $2.5 million. Mr. Fournier reported that kWh sales continue to lag behind last year's actual figure by 21.3 million kWhs or 5.8 %. Mr. Fournier stated that the RMLD had sent out an RFQ for the Pension Trust and for the Actuarial Study to be performed this year. Mr. Fournier reported that the RMLD is waiting to get the results back and have asked that the presentation be made at the end of May or early June and it will have the contribution amount number prior to the end of this fiscal year. Mr. Fournier reported that the upcoming budget season was discussed earlier in the day at the General Manager's Staff meeting and the budget process for FY2011 has started. Mr. Fournier reported on that all five divisions were under budget by about $342,000 or 3.8% and that the fuel charge remains unchanged in December at 6.15¢. Discussion followed. Regular Session Meeting Minutes January 27, 2010 Power Supply Report, December 2009 - Ms. Parenteau (Attachment 2) Reforecast Update Ms. Parenteau reported on the highlights for December 2009. Ms. Parenteau reported that for December the RMLD's load was at approximately 62.2 million kWhs and that was an increase of about 1% when compared to December 2008. Energy costs were at $3.96 million and equivalent to 6.4¢ per kWh, the fuel charge adjustment in December was set at 6.15¢ per kWh and the kWh sales totaled 51.6 million kWhs. As a result the RMLD under collected by approximately $817.000 and that resulted in a deferred fuel cash reserve balance of approximately, $2.5 million which is in line with the range which the Board has set of $2.5 to $29 million. Ms. Parenteau reported that Energy Services submits DPU filing for the calendar year as well as the fiscal year. The 2008 calendar year filing indicated that the average fuel charge the RMLD ratepayer paid was about 8.2¢ compared to 6.2¢ in calendar year 2009 so there was about a 24% decrease in the fuel charge paid by RMLD customers in that period. Ms. Parenteau reported that the RMLD purchased about 29.4% of its energy requirement from the ISO New England spot market and that price was equivalent to about $58 per Mwh. Ms. Parenteau stated on the capacity side the RMLD hit a peak demand in December of about 113 MW on December 21 at 7:00 p.m. Ms. Parenteau stated that the RMLD requirement for capacity for December 2009 was 245 MW and overall the RMLD-paid.$1.7 million for capacity and that is equivalent to about $7.21 kW month. Discussion followed. Chairman O'Neill requested that a Smart Grid initiative be included as an agenda item at the next meeting of the Power Contracts, Rate Setting, and Green Power Committee meeting. Engineering and Operations Report, December 2009 — Mr. Sullivan (Attachment 3) Gaw Update Mr. Sullivan reported on the Gaw substation project and soil remediation updates. Mr. Sullivan reported that the Gaw Transformer Upgrade Project graph shows $101,000 for the month; bringing cost for the first six months of FY2010 to $1.6 million. Big ticket items for the month were contract labor at $64,000 and RMLD labor at $31,000. Mr. Sullivan reported on Schedule Milestones. Mr. Sullivan stated that some changes were made and that the Construction Contractor percent complete went from 35% to 65 %. Mr. Sullivan stated that the foundation . extensions around new 1 l OB and the installation of the oil water separation system piping were completed. Mr. Sullivan reported that left to do for the contract is to finish foundation extensions around 110A, finish the oil water separation system completely, place concrete for and erect a firewall behind the station and finish the sound wall around 11OB. Mr. Sullivan reported on more Schedule Milestones under Construction Switchgear Upgrades. Mr. Sullivan stated that the upgrades went from 0 to 15 %, based on the approval drawings being reviewed and changes made by PLM, and Construction by RMLD Personnel went from 70 to 75 %. Mr. Sullivan reported on Tangible Milestones. Mr. Sullivan stated that the only change is the Switchgear Upgrade. Approval drawings were looked at by PLM, review and changes made. Mr. Sullivan reported on the Capital Plan and the Reliability Report. Discussion followed. Regular Session Meeting Minutes 4 January 27, 2010 Engineering and Operations Report, December 2009 — Mr. Sullivan (Attachment 3) Mr. Sullivan stated that as far as the PCB Project is concerned, the soil remediation expenses as of January 20, is $572,220, and soil sampling on the project should end on January 29. The analysis and remediation plan was developed and sent to the U.S. EPA and should be done by the end of February. The EPA has a 30 -day window to respond to the RMLD which will bring it to approximately March 28, and if the remediation plan is approved by the EPA, soil remediation can begin on April 1. Mr. Sullivan stated that for the month as in the previous month the RMLD has an elevated Customer Average Interruption Duration Index (CAIDI). Mr. Sullivan explained that the RMLD uses the rolling average. Mr. Sullivan stated that there were a couple of snowstorms early in December that really increased this number. The RMLD is at 40.62 minutes which really isn't much of a change over last month, restoration maintains at 25.3 minutes better than the industry average based on the method the RMLD is currently using however, this will change next month. Mr. Sullivan reported that the System Average Interruption Frequency (SAIFI) was at .52 outages for the year using the rolling average. Mr. Sullivan stated that the Months Between Interruptions (MBTI) is high at 1.12 and for November the RMLD is at twenty -five months between interruptions and in December at twenty -three months between interruptions. Mr. Sullivan reported on statistics for December. M.G.L. Chapter 30B Bid IFB 2010 -05 HVAC Preventative Maintenance and Repair Services Mr. Pacino made a motion seconded by Mr. Hahn that bid 2010 -05 HVAC Preventative Maintenance and Repair Services be awarded to DNS LLC d/b /a Alpha Mechanical Services for $178,518.00 as the lowest qualified bidder on the recommendation of the General. Manager. (This is a three year contract.) Motion carried 5:0:0. Mr. Cameron stated that the Department received three bids but did not choose the lowest bidder because the lowest bidder was non - responsive to the bid in three areas. Mr. Cameron said that the next highest bidder was Alpha Mechanical and that is who the Department is presently using. The difference in the bids was about $2,500, which is less than 2 %, thus the General Manager recommended that the bid be awarded to Alpha Mechanical for the next three years at the bid rate. Mr. Cameron stated however, Renaud, the lowest bidder, last Thursday filed a bid protest with the Attorney General's Office because they believe they were responsive to the bid. Mr. Cameron stated that the Attorney General's Office has set a hearing for next Monday, February 1, 2010. Mr. Cameron said that in the past when there was a bid protest and the bid was brought to the Board, it was recommended that the Board vote for the recommendation but that the contract would not be awarded until such time as the bid protest has been ruled upon by the Attorney General's Office. Discussion followed. General Discussion Chairman O'Neill asked Mr. Cameron to invite the Reading Cities for Climate Protection Committee to report or make a presentation at the Board's February 24 meeting. Mr. Soli said that in January he had returned from an Antarctic cruise during which a Professor of Geology talked about the melting of glaciers and ice throughout the world. Mr. Soli said the professor stated if the ice from the Greenland glaciers got into the oceans, the oceans would go up 23 feet and that if all the Antarctic glaciers and ice melted, sea levels would rise 187 feet. Mr. Soli commented that he wanted to make a pitch for conservation because all of what we are doing and the climate change is leading to future possible problems. Mr. Soli asked that we all try to conserve. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED Rate Comparisons, January 2010 E -Mail responses to Account Payable/Payroll Questions Chairman O'Neill stated that rate comparisons, and email responses to the payroll and account payable questions are in the book. Regular Session Meeting Minutes January 27, 2010 Upcoming Meetings Wednesday, February 24, 2010 RMLD Board Meeting Mr. Carakatsane stated that the night of February 24 is when he and Mr. Cameron will be returning from the APPA Legislative Rally in Washington, D.C. Mr. Cameron stated that barring any unforeseen weather conditions he will be back in time for the meeting. Mr. Pacino stated that he will not be attending the February 24 Board meeting. Wednesday, March 24, 2010, RMLD Board Meeting Executive Session At 8:48 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. Pacino, Aye; Mr. Hahn, Aye; Chairman O'Neill, Aye; Ms. Kearns, Aye; Mr. Soli, Aye. The Board re- entered Regular Session at 9:30 p.m. Release of Executive Session Minutes Mr. Pacino made a motion seconded by Mr. Hahn that the Reading Municipal Light Board of Commissioners approve the release of the Executive, Session meeting minutes, as redacted, for January 19, 2005, February 16, 2005, March 16, 2005, April 20, 2005, May 18, 2005, June 1, 2005, June 15, 2005, July 13, 2005, August 21, 2005, November 16, 2005, December 6, 2005 and December 14, 2005. Motion carried 5:0:0. Motion to Adjourn At 9:35 p.m. Mr. Hahn made a motion seconded by Mr. Pacino 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 Pacino, Secretary RMLD Board of Commissioners Dt: December 29, 2009 To: RMLB,.Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier r l f mk-)P Sj: November 30, 2009 Report The results for the first five months ending November 30, 2009, 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 still unknown. 1) Change in Net Assets or Net Income: (Page 3A) For the month of November, net income or the positive change in net assets was $182,340, increasing the year to date net income for the first five months to $2,565,440. The budgeted net income for this period was $2,308,148, resulting in net income being over budget by $257,292, or 11.1%. $1,807,000 of the $2,565,440 net income is attributable to fuel revenues exceeding fuel expenses. Revenue projections were reforecasted from the original budget for the period from November, 2009, through June, 2010. 2) Revenues: (Page 11B) Base revenues were under budget by $166,505 or 1.0 %. Actual base revenues were at $16.8 million compared to the budgeted amount of $17.0 million. The commercial /industrial sectors were responsible for the shortfall. 3) Expenses: (Page 12A) *Purchased power base expense was $207,426 or 1.8% over budget. Actual purchased power base costs were $11.7 million compared to the budgeted amount of $11.5 million. *Operating and Maintenance (O &M) expenses combined were under budget by $517,600 or 11.6 %. Actual O &M expenses were $3.9 million compared to the budgeted amount of $4.4 million. The major expenses that were under budget are energy audit expense and conservation ($138,000), overhead maintenance ($47,000), garage and stockroom ($60,000) and professional services ($57,000): '`Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund balance was at $6,799,898. *Capital Funds balance was at $5,410,678. *Rate Stabilization Fund balance was at $5,259,296. *Deferred Fuel Fund balance was at $3,365,272. 5) General Information: Kwh sales (Page 5) continue to lag behind last year's figure by 18.7 million kwh or 6.0 %. GAW clean up paid expenses through November are over $21,000. 6) Budget Variance: All five divisions were under budget cumulatively by $519,884 or 7.12 %. 7) Trends: The fuel charge decreased in November from $.0665 to $.0615. A s 0 010 NOVEMBER 30, 20037 ISSUE DATE: DECEMBER 29,2001,'iv TOWN OF READING, MASSACHUSETTS 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 (1) 62,195,697.62 65,567,031.82 4,285,112.61 5,410,678.40 24,269,539.51 19,627,446.15 90,750,349.74 90,605,156.37 105,894,592.65 101,797,603.94 MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS _. 11/30/09 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 11,129,623.87 6,802,898.65 RESTRICTED CASH (SCH A P.9) 14,102,906.47 14,667,988.59 RESTRICTED INVESTMENTS (SCH A P.9) 4,400,000.00 4,400,000.00 RECEIVABLES, NET (SCH B P.10) 11,288,176.62 8,072,865.37 PREPAID EXPENSES (SCH B P.10) 657,444.13 783,033.64 INVENTORY 1,430,298.87 1,380,294.74 TOTAL CURRENT ASSETS 43,008,449.96 36,107,080.99 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 122,391.17 108,967.43 CAPITAL ASSETS, NET (SCH C P.2) 62,745,697.62 65,567,031.82 OTHER ASSETS (SCH C P.2) 18,053.90 14,523.70 TOTAL NONCURRENT ASSETS 62,886,142.69 65,690,522.95 TOTAL ASSETS 105,894,592.65 101,797,603.94 LIABILITIES CURRENT ACCOUNTS PAYABLE 10,104,558.98 6,292,020.80 CUSTOMER DEPOSITS 493,015.55 495,794.70 CUSTOMER ADVANCES FOR CONSTRUCTION 714,547.12 475,405.93 ACCRUED LIABILITIES 599,903.68 1,056,111.81 CURRENT PORTION OF BONDS PAYABLE 550,000.00 0.00 TOTAL CURRENT LIABILITIES 12,462,025.33 8,319,333.24 NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION 0.00 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,682,217.58 2,873,114.33 TOTAL NONCURRENT LIABILITIES 2,682,217.58 2,873,114.33 TOTAL LIABILITIES 15,144,242.91 11,192,447.57 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 (1) 62,195,697.62 65,567,031.82 4,285,112.61 5,410,678.40 24,269,539.51 19,627,446.15 90,750,349.74 90,605,156.37 105,894,592.65 101,797,603.94 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 11/30/09 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 CAPITAL ASSETS, NET CONSTRUCTION WORK IN PROGRESS 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 8,396,206.68 43,958,141.53 60,909,097.62 1,836,600.00 62,745,697.62 1,265,842.23 6,997,417.80 12,635,476.29 44,668,295.50 0.00 65,567,031.82 14,523.70 14,523.70 3,530.20 0.00 18,053.90 14,523.70 62,886,142.69 65,690,522.95 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 11/30/09 OPERATING REVENUES: (SCH D P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME Nry ERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF NOVEMBER MONTH MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 3,154,045.71 2,951,574.53 16,815,826.90 16,804,975.25 -0.06% 4,707,960.37 3,187,560.34 28,376,290.96 19,100,131.79 - 32.69% 218,598.81 463,943.73 1,444,832.14 1,514,505.29 4.82% 57,267.79 70,418.64 342,236.62 347,127.22 1.43% 46,106.72 41,236.78 90,872.40 237,056.85 160.87% ____ 0.00 (68,908.75) 0.00 (181,177.67) 100.00% 8,183,979.40 6,645,825.27 47,070,059.02 37,822,618.73 - 19.65% 1,807,558.69 2,313,216.44 10,634,556.23 11,749,016.80 10.48% 4,095,041.96 2,990,338.70 26,716,508.11 17,293,075.70 - 35.27% 622,366.95 650;526.76 3,266,337.39 3,187,257.92 -2.42% 181,399.94 165,189.26 1,026,224.15 742,625.36 - 27.64% 261,200.00 280,105.78 1,306,000.00 1,400,528.90 7.24% 100,750.00 104,500.00 503,750.00 522,500.00 3.72% 7,068,317.54 6,503,876.94 43,453,375.88 34,895,004.68 - 19.70% 1,115,661.86 141,948.33 3,616,683.14 2,927,614.05 - 19.05% 66,236.57 188,342.38 153,951.83 410,356.43 (176,060.50) (182,222.50) (880,302.50) (911,112.50) 64,647.43 16,267.37 172,028.64 65,658.70 (3,920.35) (9,933.05) (19,872.28) (19,540.84) 20,779.20 27,938.07 84,832.22 92,464.41 (28,317.65) 40,392.27 (489,362.09) (362,173.80) 1,087,344.21 182,340.60 3,127,321.05 2,565,440.25 (3) 87,623,028.69 88,039,716.12 90,750,349.74 90,605,156.37 166.55% 3.50% -61.83% -1.67% 9.00% -25.99% -17.97% 0.48% -0.16% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 11/30/09 TOTAL OPERATING REVENUES 37,822,618.73 38,423,782.00 (601,163.27) -1.56% OPERATING EXPENSES: (SCH G P.12A) ACTUAL BUDGET % PURCHASED POWER BASE YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE OPERATING REVENUES: (SCH F P.11B) 17,293,075.70 17,706,629.00 -(413,553.30) -2.34% BASE REVENUE 16,804,975.25 16,971,481.00 (166,505.75) -0.9896 FUEL REVENUE 19,100,131.79 19,316,465.00 (216,333.21) -1.12% PURCHASED POWER CAPACITY 1,514,505.29 1,500,000.00 14,505.29 0.97% FORFEITED DISCOUNTS 347,127.22 373,374.00 (26,246.78) -7.03% ENERGY CONSERVATION REVENUE 237,056.85 262,462.00 (25,405.15) -9.68% PASNY CREDIT (181,177.67) 0.00 (181,177.67) 100.00% TOTAL OPERATING REVENUES 37,822,618.73 38,423,782.00 (601,163.27) -1.56% OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE 11,749,016.80 11,541,590.00 207,426.80 1.80% PURCHASED POWER FUEL 17,293,075.70 17,706,629.00 -(413,553.30) -2.34% OPERATING 3,187,257.92 3,564,818.00 (377,560.08) - 10.59% MAINTENANCE 742,625.36 882,653.00 (140,027.64) - 15.86% DEPRECIATION 1,400,528.90 1,412,500.00 (11,971.10) -0.85% VOLUNTARY PAYMENTS TO TOWNS 522,500.00 522,500.00 0.00 0.00% CHANGE IN NET ASSETS 2,565,440.25 TOTAL OPERATING EXPENSES 34,895,004.68 35,630,690.00 (735,685.32) -2.06% OPERATING INCOME 2,927,614.05 2,793,092.00 134,522.05 4.82% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 410,356.43 200,000.00 210,356.43 105.18% RETURN ON INVESTMENT TO READING (911,112.50) (911,125.00) 12.50 0.00% INTEREST INCOME 65,658.70 187,500.00 (121,841.30) - 64.98% INTEREST EXPENSE (19,540.84) (10,694.00) (8,846.84) 82.73% OTHER (MDSE AND AMORT) 92,464.41 49,375.00 43,089.41 87.27% TOTAL NONOPERATING REV (EXP) (362,173.80) (484,944.00) 122,770.20 - 25.32% CHANGE IN NET ASSETS 2,565,440.25 2,308,148.00 257,292.25 11.15% NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 88,070,125.81 (30,409.69) -0.03% NET ASSETS AT END OF NOVEMBER 90,605,156.37 90,378,273.81 226,882.56 0.25% * ( ) = ACTUAL UNDER BUDGET (3A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 11/30/09 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7 11/09 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 NOVEMBER PAID ADDITIONS TO GAW THRU NOVEMBER GENERAL LEDGER CAPITAL FUNDS BALANCE 11/30/09 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL (4) 4,403,129.56 1,000,000.00 12,410.72 1,400,528.90 0.00 905,080.00 7,721,149.18 1,405,390.78 905,080.00 5,410,678.40 905,080.00 3,136,764.00 1,895,975.00 5,937,819.00 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 11/30/09 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 18,295,424 17,942,296 110,004,296 107,000,939 -2.73% COMM. AND INDUSTRIAL SALES 35,059,566 31,302,196 192,910,504 176,229,324 -8.65% PRIVATE STREET LIGHTING 70,810 71,162 355,671 1 354,435 - 0.35 %' TOTAL PRIVATE CONSUMERS 53,425,800 49,315,654 303,270,471 283,584,698 -6.49% MUNICIPAL SALES: STREET LIGHTING 241,591 237,223 1,207,675 1,185,977 -1.80% MUNICIPAL BUILDINGS 759,113 755,000 5,837,503 4,059,319 - 30.46% TOTAL MUNICIPAL CONSUMERS 1,000,704 992,223 7,045,178 _ 5,245,296 - 25.55% SALES FOR RESALE 228,391 231,118 1,473,491 1,412,732 -4.12% SCHOOL 1,394,673 1,288,698 2,695,962 5,481,986 103.34% TOTAL KILOWATT HOURS SOLD 56,049,568 51,827,693 314,485,102 295,724,712 -5.9796 (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 11/30/09 (6) TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 17,942,296 5,603,580 2,398,806 4,327,735 5,612,175 COMM & IND 31,302,196 3,670,617 239,559 4,858,185 22,533,835 PVT ST LIGHTS 71,162 13,867 1,360 21,010 34,925 PUB ST LIGHTS 237,223 78,631 32,851 39,710 86,031 MUNI BLDGS 755,000 199,536 123,716 147,938 283,810 SALES/RESALE 231,118 231,118 0 0 0 SCHOOL 1,288,698 480,745 241,698 177,480 388,775 TOTAL 51,827,693 10,278,094 3,037,990 9,572,058 28,939,551 YEAR TO DATE RESIDENTIAL 107,000,939 33,135,777 15,553,240 24,865,244 33,446,678 COMM & IND 176,229,324 21,686,420 1,410,331 .27,451,325 125,681,248 PVT ST LIGHTS 354,435 70,299 6,800 104,222 173,114 PUB ST LIGHTS 1,185,977 393,155 164,255 198,484 430,083 MUNI BLDGS 4,059,319 997,012 686,216 812,568 1,563,523 SALES /RESALE 1,412,732 1,412,732 0 0 0 SCHOOL 5,481,986 2,076,647 1,139,500 656,160 1,609,679 TOTAL 295,724,712 59,772,042 18,960,342 54,088,003 162,904,325 LAST YEAR TO DATE RESIDENTIAL 110,004,296 34,849,522 15,955,259 25,731,752 33,467,763 COMM & IND 198,748,007 25,771,832 2,835,088 34,383,269 135,757,818 PVT ST LIGHTS 355,671 68,951 6,840 108,915 170,965 PUB ST LIGHTS 1,207,675 415,585 164,295 197,830 429,965 SALES /RESALE 1,473,491 1,473,491 0 0 0 SCHOOL 2,695,962 1,036,082 537,168 332,560 790,152 TOTAL _ 314,485,102 63,615,463 19,498,650 60,754,326 170,616,663 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 34.6251. 10.81% 4.63% 8.35% 10.83% COMM & IND 60.38% 7.08% 0.46% 9.37% 43.47% PVT ST LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.46% 0.15% 0.0651. 0.08% 0.17% MUNI BLDGS 1.46% 0.38% 0.24% 0.29% 0.55% SALES /RESALE 0.45% 0.45% 0.00% 0.00% 0.00% SCHOOL 2.49% 0.9396 0.47% 0.34% 0.75% TOTAL 100.00% 19.83% 5.86% 18.47% 55.84% YEAR TO DATE RESIDENTIAL 36.18% 11.20% 5.26% 8.41% 11.31% COMM & IND 59.59% 7.33% 0.4896 9.28% 42.50% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.0496 0.0691. PUB ST LIGHTS 0.41% 0.13% 0.06% 0.07% 0.15% MUNI BLDGS 1.37% 0.34% 0.23% 0.27% 0.53% SALES/RESALE 0.48% 0.48% 0.00% 0.00% 0.00% SCHOOL 1.85% 0.70% 0.39% 0.22% 0.54% TOTAL 100.00% 20.20% 6.42% 18.29% 55.09% LAST YEAR TO DATE RESIDENTIAL 34.99% 11.08% 5.07% 8.18% 10.66% COMM & IND 63.18% 8.19% 0.90% 10.93% 43.16% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.03% 0.07% PUB ST LIGHTS 0.38% 0.13% 0.05% 0.06% 0.14% SALES /RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 0.86% 0.33% 0.17% 0.11% 0.2596 TOTAL 100.00% 20.22% 6.19% 19.31% 54.2891. (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 11/30/09 TOTAL OPERATING REVENUES (P.3) 37,822,618.73 ADD: POLE RENTAL 37,806.00 INTEREST INCOME ON CUSTOMER DEPOSITS 1,252.64 LESS: OPERATING EXPENSES (P.3) (34,895,004.68) BOND INTEREST EXPENSE (4,445.77) CUSTOMER DEPOSIT INTEREST EXPENSE (15,095.07) FORMULA INCOME (LOSS) 2,947,131.85 (7) (8) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 11/30/09 MONTH OF MONTH OF CHANGE YEAR THRU NOV 2008 NOV 2009 2008 2009 NOV 2008 NOV 2009 SALE OF KWH (P.5) 56,049,568 51,827,693 -0.43% -5.97% 314,485,102 295,724,712 KWH PURCHASED 56,370,117 53,961,151 -2.4796 -4.71% 315,753,960 300,893,037 AVE BASE COST PER KWH 0.032066 0.042868 17.08% 15.94% 0.033680 0.039047 AVE BASE SALE PER KWH 0.056272 0.056950 1.57% 6.2891. 0.053471 0.056826 AVE COST PER KWH 0.104712 0.098285 61.19% -18.41% 0.118292 AVE SALE PER KWH 0.140269 0.118453 44.879. -15.51% 0.143702 0.121414 FUEL CHARGE REVENUE (P.3) 4,707,960.37 3,187,560.34 93.00% -32.69%. 28,376,290.96 19,100,131.79 LOAD FACTOR 71.13% 74.41% "AR LOAD 108,566 99,334 (8) 60 AON ^' W 60100 60 d3S ^C^,: C: W 60 �Jn d _ „` i (`�^,7 60 mr O /n, 4L•/ 60 Nnr 0 O ��L! 60 AVIV ^, (D r , 60 HdV r� ^ ^� CD v�± VJ 60 HdW VJ cz 60 83d 60 NVr 80 034 80 AON So 100 80 d3S eo E)nd so -inr 80 Nnr ■.� 80 AVVY 80 Hdd 80 HdW 80 E3d 80 NVr LO 030 LO AON LO 100 LO d3S LO E)nd LO Nnr LO Nnr LO AHW LO HdV LO HdW LO Sad LO Ndr 90 030 90 AON T ® CO (%-- LO ,:I' N T T © O O O © 0 t/ -Ga -Ga Y V a TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 11/30/09 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 TOTAL RESTRICTED CASH RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS ** TOTAL RESTRICTED INVESTMENTS SCHEDULE A PREVIOUS YEAR CURRENT YEAR 11,126,623.87 6,799,898.65 3,000.00 3,000.00 11,129,623.87 6,802,898.65 4,285,112.61 444,668.86 1,384,000.00 242,000.00 2,565,113.55 3,244,616.78 28,988.15 1,230,139.25 35,251.72 150,000.00 493,015.55 5,410,678.40 0.00 1,433,625.00 0.00 3,365,272.67 2,359,296.40 28,988.15 1,389,081.55 35,251.72 150,000.00 495,794.70 14,102,906.47 14,667,988.59 2,900,000.00 1,500,000.00 4,400,000.00 2,900,000.00 1,500,000.00 TOTAL CASH BALANCE 29,632,530.34 25,870,887.24 NOVEMBER 2008 * FED HOME LOAN MTG CORP 1,500,000.00; DTD 12/13/07; INT 4.35 %; MATURITY 12/15/12 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 05/08/08; INT 4.00 %; MATURITY 11/15/13 ** FED HOME LOAN MTG CORP 500,000.00; DTD 01/17/08; INT 4.25 %; MATURITY 07/15/13 ** FED HOME LOAN MTG CORP 500,000.00; DTD 01/25/08; INT 4.25 %; MATURITY 01/15/15 ** FED HOME LOAN MTG CORP 500,000.00; DTD 11/13/07; INT 5.25 %; MATURITY 11/13/17 NOVEMBER 2009 * FED HOME LOAN MTG CORP 1,400,000.00; DTD 07/02/09; INT 3.25%; MATURITY 07/15/14 FED HOME LOAN MTG CORP 1,500,0001.00; DTD 01/23/09; INT 2.00 %; MATURITY 01/15/13 ** FED HOME LOAN MTG CORP 500,000.00; DTD 01/23/09; INT 2.00 %; MATURITY 01/15/13 FED HOME LOAN MTG CORP 500,000.00; DTD 06/01/09; INT 3.70 %; MATURITY 06111116 FED NATIONAL MTG ASSN 500,000.00; DTD 05/07/09; INT 3.00 %; MATURITY 05/15/15 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 11/30/09 PREVIOUS YEAR SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 6,643,527.65 ACCOUNTS RECEIVABLE - OTHER 291,369.11 ACCOUNTS RECEIVABLE - LIENS 91,913.88 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 SALES DISCOUNT LIABILITY (310,877.19) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (191,185.74) TOTAL ACCOUNTS RECEIVABLE BILLED 6,525,814.87 UNBILLED ACCOUNTS RECEIVABLE 4,762,361.75 TOTAL ACCOUNTS RECEIVABLE, NET SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREPAYMENT PURCHASED POWER PREPAYMENT PASNY PREPAYMENT WATSON TOTAL PREPAYMENT * ACCOUNTS RECEIVABLE AGING NOVEMBER 2009: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS TOTAL (10) 11,288,176.62 247,663.68 79,464.05 330,316.40 0.00 657,444.13 4,000,269.74 (265,021.42) 3,735,248.32 3, 048, 551.92 81,. 62 % 384,761.53 10.30% 168,180.94 4.50% 64,519.38 1.73% 69,234.55 1.85% 3,735,248.32 100.00% SCHEDULE B CURRENT YEAR 4,000,269.74 244,971.24 121,337.81 1,067.16 (265,021.42) (202,703.74) 3,899,920.79 4,172,944.58 8,072,865.37 289,865.24 42,251.56 324,535.66 126,381.18 783,033.64 "SUB-TOTAL FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL PASNY CREDIT TOTAL REVENUE 7,862,006.08, TOWN OF READING, MASSACHUSETTS 45,192,117-86 35,'905,107.04 -20.55% MUNICIPAL LIGHT DEPARTMENT 70,418.64 342,236.62 347,127.22 1.43% SCHEDULE OF OPERATING REVENUE 1,444,832.14 1,514,505.29 4.82% 9,154.00 8,979.54 11/30/09 53,529.18 194.06% 36,952.72 32,257.24 72,668.67 183,527.67 152.55% SCHEDULE D (68,908.75) 0.00 MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,804,103.98 2,339,258.54 17,083,566.49 14,264,088.63 -16.50% COMM AND INDUSTRIAL SALES 4,654,898.01 3,464,170.11 26,176,592.86 19,988,750.92 -23.64% PRIVATE STREET LIGHTING 11,817.35 10,270.72 61,009.33 52,292.27 -14.29%. TOTAL PRIVATE CONSUMERS 7,470, 5,813,6 9.37 43,321,15.68 34,305,131.82 -20.81% MUNICIPAL SALES: STREET LIGHTING 51,850.72 45,728.89 264,350.65 232,557.47 -12.0396 MUNICIPAL BUILDINGS 108,358.39 91,314.04 981,575.05 497,574.00 -49.3151. TOTAL MUNICIPAL CONSUMERS 160,209.11 137,042.93 1,245,925.70 730,131.47 -41.40% SALES FOR RESALE 33,419.25 28,497.69 235,296.22 179,257.92 -23.82% SCHOOL 197,558.38 159,894.88 389,727.26 690,585.83 77.20% "SUB-TOTAL FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL PASNY CREDIT TOTAL REVENUE 7,862,006.08, 6,139,134.87 45,192,117-86 35,'905,107.04 -20.55% 57,267.79 70,418.64 342,236.62 347,127.22 1.43% 218,598.81 463,943.73 1,444,832.14 1,514,505.29 4.82% 9,154.00 8,979.54 18,203.73 53,529.18 194.06% 36,952.72 32,257.24 72,668.67 183,527.67 152.55% 0.00 (68,908.75) 0.00 (181,177.67) 100.00% 8,183,979.40 616 47,070,059.02 37,822,618.73 -19.65% (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 11/30/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 2,339,258.54 733,327.76 311,678.37 563,146.99 731,105.42 INDUSIMUNI BLDG 3,555,484.15 454,991.81 44,409.00 569,460.11 2,486,623.23 PUB.ST.LIGHTS 45,728.89 15,838.44 5,648.72 7,593.52 16,648.21 PRV.ST.LIGHTS 10,270.72 1,956.14 197.05 3,182.52 4,935.01 CO -OP RESALE 28,497.69 28,497.69 0.00 0.00 0.00 SCHOOL 159,894.88 59,285.29 29,797.98 22,542.07 48,269.54 TOTAL 6,139,134.87 1,293,897.13 391,731.12 1,165,925.21 3,287,581.41 THIS YEAR TO DATE RESIDENTIAL 14,264,088.63 4,429,271.16 2,062,990.48 3,319,974.32 4,451,852.67 INDUS /MUNI BLDG 20,486,324.93 2,697,850.63 250,732.96 3,261,197.71 14,276,543.62 PUB.ST.LIGHTS 232,557.47 80,519.17 28,797.97 38,603.77 84,636.56 PRV.ST.LIGHTS 52,292.26 10,148.68 1,006.28 16,097.68 25,039.63 CO -OP RESALE 179,257.92 179,257.92 0.00 0.00 0.00 SCHOOL 690,585.83 259,853.26 141,313.11 86,204.28 203,215.18 TOTAL 35,905,107.04 7,656,900.82 2,484,840.78 6,722,077.77 19,041,287.67 LAST YEAR TO DATE RESIDENTIAL 17,083,566.49 5,426,538.06 2,466,539.35 3,996,847.06 5,193,642.02 INDUS /MUNI BLDG 27,158,167.91 3,640,496.95 408,594.37 4,712,907.61 18,396,168.98 PUB.ST.LIGHTS 264,350.65 93,561.34 32,741.34 43,163.93 94,884.04 PRV.ST.LIGHTS 61,009.33 11,629.90 1,181.28 19,453.92 28,744.23 CO -OP RESALE 235,296.22 235,296.22 0.00 0.00 0.00 SCHOOL 389,727.26 149,083.57 76,654.57 49,484.56 114,504.56 TOTAL 45,192,117.86 9,556,606.04 2,985,710.91 8,821,857.08 23,827,943.83 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 38.11% 11.95% 5.08% 9.17% 11.91% INDUS /MUNI BLDG 57.92 % 7.41% 0.72% 9.28% 40.51% PUB.ST.LIGHTS 0.74% 0.26% 0.09% 0.12% 0.27% PRV.ST.LIGHTS 0.18% 0.03% 0.00% 0.05% 0.09% CO -OP RESALE 0.4691. 0.46% 0.00% 0.00% 0.00% SCHOOL 2.59% 0.97% 0.49% 0.37% 0.77% TOTAL 100.00% 21.08% 6.38% 18.99% 53.55% THIS YEAR TO DATE RESIDENTIAL 39.72% 12.34% 5.75% 9.25% 12.38% INDUS /MUNI BLDG 57.06% 7.51% 0.70% 9.08% 39.77% PUB.ST.LIGHTS 0.65% 0.22% 0.08% 0.11% 0.24% PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.04% 0.08% CO -OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00% SCHOOL 1.92% 0.72% 0.39% 0.24% 0.57% TOTAL 100.00% 21.32% 6.92% 18.72% 53.04% LAST YEAR TO DATE RESIDENTIAL 37.80% 12.01% 5.46% 8.84% 11.49% INDUS /MUNI BLDG 60.10% 8.06% 0.90% 10.43% 40.71% PUB.ST.LIGHTS 0.59% 0.21% 0.07% 0.10% 0.21% PRV.ST.LIGHTS 0.13% 0.03% 0.00% 0.04% 0.06% CO -OP RESALE 0.5296 0.52% 0.00% 0.00% 0.00% SCHOOL 0.86% 0.33% 0.17% 0.11% 0.25% TOTAL 100.0096 21.16% 6.60% 19.52% 52.72% (11A) 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 11/01/09 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 11/30/09 ACTUAL BUDGET YEAR TO DATE YEAR TO DATE 7,345,956.20 7,326,326.00 SCHEDULE F VARIANCE * CHANGE 19,630.20 0.27% 8,877,700.81 9,057,636.00 (179,935.19) - 1.99% 156,062.12 167,974.00 (11,911.88) - 7.09% 87,827.83 87,728.00 99.83 0.11% 337,428.29 331,817.00 5,611.29 1.69% 16,804,975.25 16,971,481.00 (166,505.75) -0.98% 19,100,131.79 19,316,465.00 (216,333.21) -1.12% 35,905,107.04 36,287,946.00 (382,838.96) -1.06% 347,127.22 373,374.00 (26,246.78) -7.03% 1,514,505.29 1,500,000.00 14,505.29 0.97% 53,529.18 78,737.00 (25,207.82) - 32.02% 183,527.67 183,725.00 (197..33) -0.11% (181,177.67) 0.00 (181,177.67) 100.00% 37,822,618.73 (601,163.27) -1.56% 38,423,782.00 (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL, LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 11/30/09 SCHEDULE E (12) MONTH MONTH LAST YEAR CURRENT YEAR YTD OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE" CHANGE PURCHASED POWER BASE EXPENSE 1,807,558.69 2,313,216.44 10,634,556.23 11,749,016.80 10.48% OPERATION SUPER AND ENGIN -TRANS 0.00 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 30,698.33 34,080.61 161,053.00 149,548.06 -7:14% STATION SUP LABOR AND MISC 7,539.03 6,468.38 39,898.49 13,204.39 - 66.91% LINE MISC LABOR AND EXPENSE 77,199.12 55,612.94 266,582.87 254,883.72 -4.395. STATION LABOR AND EXPENSE 38,914.84 35,306.98 206,163.39 192,623.06 -6.57% STREET LIGHTING EXPENSE 7,141.95 4,941.77 22,639.95 19,947.01 - 11.89% METER EXPENSE 28,700.64 32,419.94 160,037.33 153,035.98 -4.37% MISC DISTRIBUTION EXPENSE 25,112.94 25,550.90 139,270.98 126,716.52 -9.01% METER READING LABOR & EXPENSE 5,184.82 5,424.71 32,538.91 33,867.30 4.08% ACCT & COLL LABOR & EXPENSE 105,698.89 96,342.17 622,967.34 542,785.90 - 12.87% UNCOLLECTIBLE ACCOUNTS 10,400.00 12,500.00 52,000.00 62,500.00 20.19% ENERGY AUDIT EXPENSE 36,748.13 35,797.46 204,891.02 174,252.26 - 14.955. ADMIN & GEN SALARIES 52,396.79 63,379.17 312,815.63 307,650.69 -1.65% OFFICE SUPPLIES & EXPENSE 25,753.91 23,675.44 115,658.14 104,281.43 -9.8491. OUTSIDE SERVICES 12,835.43 31,990.89 104,017.00 137,736.88 PROPERTY INSURANCE 26,282.19 31,399.35 131,410.95 158,893.95 20.91% INJURIES AND DAMAGES 6,080.74 5,000.69 27,313.76 22,783.91 - 16.5891. EMPLOYEES PENSIONS & BENEFITS 88,312.94 94,791.91 505,045.75 453,250.73 - 10.26% MISC GENERAL EXPENSE 20,960.85 21,358.72 80,262.29 64,695.02 - 19.40% RENT EXPENSE 14,155.41 13,961.89 70,357.59 69,344.47 -1.44% ENERGY CONSERVATION 2,250.00 20,522.84 11,413.00 145,256.64 1172.73% TOTAL OPERATION EXPENSES 622,366.95 650 526.76 3,266,337.39 3_,187,257.92 -2.42% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 227.08 227.08 1,135.40 1,135.40 0.00% MAINT OF STRUCT AND EQUIPMT 19,116.19 8,760.49 139,583.46 23,790.00 - 82.96% MAINT OF LINES - OR 83,987.17 80,961.20 528,173.90 369,993.79 - 29.95% MAINT OF LINES - UG 9,507.18 28,616.31 61,780.48 66,955.83 8.38% MAINT OF LINE TRANSFORMERS 19,357.91 8,764.23 44,508.59 .52,756.70 18.53% MAINT OF ST IT & SIG SYSTEM (21.26) (18.88) (0.47) (93.88) 100.00% MAINT OF GARAGE AND STOCKROOM 39,709.32 28,877.83 212,342.34 187,341.71 - 11.77% MAINT OF METERS 0.00 0.00 0.00 531.31 100.00% MAINT OF GEN PLANT 9,516.35 9,001.00 38,700.45 40,214.50 3.91% TOTAL MAINTENANCE EXPENSES 181,399.94 165,189.26 1,026,224.15 742,625.36 - 27.6491. DEPRECIATION EXPENSE 261,200.00 280,105.78 1,306,000.00 1,400,528.90 7.24% PURCHASED POWER FUEL EXPENSE 4,095,041.96 2,990,338.70 26,716,508.11 17,293,075.70 - 35.27% VOLUNTARY PAYMENTS TO TOWNS 100,750.00 104,500.00 503,750.00 522,500.00 3.72% TOTAL OPERATING EXPENSES - 19.70% 34,895,004.68 43,453,375.88 6,503,876.94 7,0 68,317.54 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/09 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 INSURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMENT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS MAINT OF ST LT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE ** PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 11101109 SCHEDULE G ACTUAL BUDGET (114.60) YEAR TO DATE YEAR TO DATE VARIANCE 11,749,016.80 11,541,590.00 207,426.80 0.00 0.00 0.00 149,548.06 165,195.00 (15,646.94) 13,204.39 28,084.00 (14,879.61) 254,883.72 234,671.00 20,212.72 192,623.06 170,224.00 22,399.06 19,947.01 32,163.00 (12,215.99) 153,035.98 167,651.00 (14,615.02) 126,716.52 138,395.00 (11,678.48)' 33,867.30 26,860.00 7,007.30 542,785.90 584,646.00 (41,860.10) 62,500.00 62,500.00 0.00 174,252.26 457,470.00 (283,217.74) 307,650.69 309,124.00 (1,473.31) 104,281.43 110,315.00 (6,033.57) 137,736.88 194,680.00 (56,943.12) 158,893.95 184,655.00 (25,761.05) 22,783.91 25,280.00 (2,496.09) 453,250.73 464,075.00 (10;824.27) 64,695.02 120,495.00 (55,799.98) 69,344.47 88,335.00 (18,990.53) 145,256.64 0.00 145,256.64 3,187,257.92 3,564,818.00 (377,560.08) 1,135.40 1,250.00 (114.60) 23,790.00 61,006.00 (37,216.00) 369,993.79 417,589.00 (47,595.21) 66,955.83 59,829.00 7,126.83 52,756.70 41,460.00 11,296.70 (93.88) 3,995.00 (4,088.88) 187,341.71 247,170.00 (59,828.29) 531.31 1,979.00 (1,447.69) 40,214.50 48,375.00 (81160.50) 742,625.36 882,653.00 (140,027.64) 1,400,528.90 1,412,500.00 (11,971.10) 17,293,075.70 17,706,629.00 (413,553.30) 522,500.00 522,500.00 0.00 34,895,004.68 35,630,690.00 (735,685.32) (12A) CHANGE 1.80% 0.00% -9.47% - 52.98% 8.61% 13.16% - 37.98% -8.72% -8.44% 26.09% -7.16% 0.00% - 61.91% -0.48% -5.47% - 29.25% - 13.95% -9.87% -2.33% - 46.31% - 21.50% 100.00% -10.59% -9.17S. - 61.00% - 11.40% 11.91% 27.25% - 102.35% - 24.21% -73.15S. - 16.87% - 15.86% -0.85% -2.34% 0.00% -2.06% ** REFORECASTED AS OF 11101109 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 11/30/09 RESPONSIBLE REMAINING SENIOR 2010 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET PURCHASED POUTER BASE EXPENSE JP 26,794,251.00 11,749,016.80 15,045.234.20 56.15% OPERATION SUPER AND ENGIN -TRANS KS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP KS 398,196.00 149,548.06 248,647.94 62.44% STATION SUP LABOR AND MISC KS - 71,651.00 13,204.39 58,446.61 81.57% LINE MISC LABOR AND EXPENSE KS 576,553.00 254,883.72 321,669.28 55.79% STATION LABOR AND EXPENSE KS 423,826.00 192,623.06 231,202.94 54.55% STREET LIGHTING EXPENSE KS 79,519.00 19,947.01 59,571.99 74.92% METER EXPENSE DA 424,973.00 153,035.98 271,937.02 63.99% MISC DISTRIBUTION EXPENSE JD 345,498.00 126,716.52 218,781.48 63.32% METER READING LABOR & EXPENSE DA 66,772.00 33,867.30 32,904.70 49.28% ACCT & COLL LABOR & EXPENSE RF 1,462,217.00 542,785.90 919,431.10 62.88% UNCOLLECTIBLE ACCOUNTS RF 150,000.00 62,500.00 87,500.00 58.33% ENERGY AUDIT EXPENSE JP 1,105,759.00 174,252.26 931,506.74 84.24% ADMIN & GEN SALARIES VC 776,201.00 307,650.69 468,550.31 .60.36% OFFICE SUPPLIES & EXPENSE VC 264,600.00 104,281.43 160,318.57 60.59% OUTSIDE SERVICES VC 398,500.00 137,736.88 260,763.12 65.44% PROPERTY INSURANCE - JD 443,150.00 158,893.95 284,256.05 64.14% INJURIES AND DAMAGES JD 60,039.00 22,783.91 37,255.09 62.05% EMPLOYEES PENSIONS & BENEFITS JD 1,093,185.00 453,250.73 639,934.27 58.54% MISC GENERAL EXPENSE VC 223,038.00 64,695.02 158,342.98 70.99% RENT EXPENSE JD 212,000.00 69,344.47 142,655.53 .67.29% ENERGY CONSERVATION JP 0.00 145,256.64 (145,256.64) 100.00% TOTAL.OPERATION EXPENSES 8,575,677.00 3,187,257.92 5,388,419.08 62.83% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 1,135.40 1,864.60 62.15% MAINT OF STRUCT AND EQUIPMT KS 158,859.00 23,790.00 135,069.00 85.02% MAINT OF LINES - OH KS 1,060,849.00 369,993.79 690,855.21 65.12% MAINT OF LINES - UG KS 144,228.00 66,955.83 77,272.17 53.58% MAINT OF LINE TRANSFORMERS KS 93,500.00 52,756.70 40,743.30 43.58% MAINT OF ST LT & SIG SYSTEM JD 9,888.00 (93.88) 9,981.88 100.95% MAINT OF GARAGE AND STOCKROOM JD 625,632.00 187,341.71 438,290.29 70.06% MAINT OF METERS DA 4,863.00 531.31 4,331.69 89.07% MAINT OF GEN PLANT RF 116,100.00 40,214.50 75,885.50 65.36% TOTAL MAINTENANCE EXPENSES 2,216,919.00 742,625.36 1,474,293.64 66.50% DEPRECIATION EXPENSE RF 3,390,000.00 1,400,528.90 1,989,471.10 58.69% ** PURCHASED POWER FUEL EXPENSE JP 40,893,477.00 17,293,075.70 23,600,401.30 57.71% VOLUNTARY PAYMENTS TO TOWNS RF 1,254,000.00 522,500.00 731,500.00 58.33% TOTAL OPERATING EXPENSES 58.02% 48,229,319.32 34,895,004.68 83,124,324.00 ** REFORECASTED AS OF 11101109 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 11/30/09 PROFESSIONAL SERVICES BY PROJECT 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 ROMARKE INSURANCE BRODERAGE MASSACHUSETTS MUNICIPAL WHOLESALE RUBIN AND RUDMAN TOTAL (13) ACTUAL 23,919.28 876.57 2,406.25 15,954.42 34,515.52 300.00 200.00 600.00 2,500.00 666.85 55,797.99 137,736.88 ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 29,750.00 33,000.00 (3,250.00) 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 0.00 5,000.00 (5,00.0.00) 3 IT CONSULTING ACCOUNTING 10,000.00 (10,000.00) 4 LEGAL- FERC /ISO ISSUES ENERGY SERVICE 0.00 20,835.00 (20,835.00) 5 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 28,773.25 20,835.00 7,938.25 6 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 20,835.00 (20,835.00) 7 NERC COMPLIANCE E & 0 2,406.25 4,165.00 (1,758.75) 8 ENGINEERING STUDIES ENGINEERING 876.57 7,500.00 (6,623.43) 9 LEGAL SERVICES- GENERAL GM 48,411.53 20,835.00 27,576.53 10 LEGAL SERVICES - ARBITRATION HR 16,778.38 0.00 16,778.38 11 LEGAL GENERAL HR 5,188.17 16,665.00 (11,476.83) 12 LEGAL SERVICES - UNION CONTRACT HR 3,052.73 22,500.00 (19,447.27) 13 LEGAL GENERAL BLDG. MAINT. 0.00 625.00 (625.00) 14 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 2,085.00 (2,085.00) 15 ENVIRONMENTAL BLDG. MAINT. 0.00 2,085.00 (2,085.00) 16 ENGINEERING SERVICES BLDG. MAINT. 0.00 3,550.00 (3,550.00) 17 LEGAL GEN. BENEFIT 0.00 4,165.00 (4,165.00) 18 PROPERTY APPRAISAL GEN. BENEFIT 2,500.00 0.00 21500.00 TOTAL 137,736.88 194,680.00 (56,943.12) 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 ROMARKE INSURANCE BRODERAGE MASSACHUSETTS MUNICIPAL WHOLESALE RUBIN AND RUDMAN TOTAL (13) ACTUAL 23,919.28 876.57 2,406.25 15,954.42 34,515.52 300.00 200.00 600.00 2,500.00 666.85 55,797.99 137,736.88 DIVISION ENGINEERING AND OPERATIONS ENERGY SERVICES GENERAL MANAGER FACILITY BUSINESS DIVISION SUB -TOTAL PURCHASED POWER - BASE PURCHASED POWER - FUEL TOTAL RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 ACTUAL BUDGET VARIANCE % CHANGE 1,408,894 1,506,816 (97,922) -6.50% 348,307 520,186 (171,879) - 33.04% 321,452 354,930 (33,478) -9.43% 1,059,395 1,200,642 (141,248) - 11.76% 3,646,982 3,722,340 (75,358) -2.02% 6,785,030 7,304,914 (519,884) -7.12% 11,749,016 11,541,590 207,426 1.80% 17,293,075 17,706,629 (387,816) -2.34% 35,827,121 36,553,133 (700,275) -1.99% 4:19 PM 12/28/2009 RMLD ENGINEERING AND OPERATIONS BUDGET VARIANCE REPORT -" "FOR PERIOD ENDING NOVEMBER 30, 2009 Page 1 ACTUAL BUDGET ACT /BUD YTD YTD VARIANCE E &O MGR 55 JUL AUG SEP OCT NOV TOTAL TOTAL % 01 -55- 5920 -101 LABOR REG 12,834 14,016 17,172 13,955 14,380 72,357 70,769 2.24% 01 -55- 5920 -102 LABOR OT 0 0 0 0 0 0 1,000 - 100.009. 01 -55- 5921 -000 OFFICE SUPPLIES 0 0 11 51 9 71 415 - 82.80% 01 -55- 5930 -103 BE EDUCATION 0 0 1,354 930 0 2,284 7,100 - 67.84% 01- 55- 5930 -106 VEHICLE (561) (314) (286) (71) (482) (1,714) 2,164 - 179.19% 01 -55- 5923 -000 OUTSIDE SERVICES 0 1,031 475 400 500 2,406 41165 - 42.23% 01 -55 -5930 -105 MISC GENERAL 0 0 0 0 0 0 500 - 100.00% SUB -TOTAL 12,273 14,733 18,725 15,266 14,407 75,404 86,113 - 12.44% ENGINEERING 65 01 -65- 5580 -101 LABOR REG 13,356 30,128 36,193 25,097 27,833 132,608 124,572 6.45% 01 -65- 5580 -102 LABOR OT 3,502 2,441 1,630 11663 5,132 14,368 19,875 - 27.71% 01 -65 -5580 -103 BE EDUCATION 0 0 800 335 1,116 2,251 16,500 - 86.36% 01 -65- 5580 -105 SUPPLIES 125 137 922 125 386 1,695 2,085 - 18.68% 01- 65- 5580 -106 VEHICLE (450) (252) (229) (57) (386) (1,374) 2,164 - 163.50% 01 -65- 5921 -000 OFFICE SUPPLIES 9 205 92 121 8 435 415 4.77% 01 -65 -5923 -000 OUTSIDE SERVICES 0 877 O 0 0 877 7,500 - 88.31% SUB -TOTAL 16,541 33,536 39,409 27,284 34,089 150,859 173 111 - 12.85% LINE 66 0 ",.. -'- 5568 -109 MAINT OF TRANS EXP 227 227 227 227 227 1,135 1,250 -9.17% 0 ;5581 -101 LABOR MISC 46,688 52,011 28,374 40,284 43,928 211,285 160,084 31.98% oill_,. 5581 -109 GENERAL EXP 4,321 3,923 8,542 8,516 11,685 36,988 52,085 - 28.99% 01 -66- 5581 -103 BE EDUCATION 0 0 3,343 3,268 0 6,611 22,500 - 70.629. 01- 66- 5585 -109 STREET LIGHT EXP 630 907 1,252 11560 1,674 6,024 8,335 - 27.739. 01 -66- 5585 -101 LABOR REG ST LIGHT 1,261 1,008 1,909 2,665 1,809 8,652 81004 8.09% 01 -66- 5585 -102 LABOR OT ST LIGHT 444 129 344 234 658 1,808 51000 - 63.83% 01 -66- 5585 -106 VEHICLE ST LIGHT 264 372 939 1,088 801 3,463 10,822 - 68.00% 01 -66- 5593 -000 MAINT OF LINES 1,288 (799) 1,694 7,915 3,159 13,257 16,250 - 18.42% 01 -66- 5593 -101 LABOR REG MAINT LINE (630) 28,783 65,052 8,736 34,271 136,212 124,217 9.66% 01 -66- 5593 -102 LABOR OT MAINT LINE 27,098 21,697 21,170 22,259 22,006 114,230 100,300 13.89% 01 -66- 5593 -106 VEHICLE MAINT OH LINE (4,824) 2,615 7,022 16,606 (3,882) 17,537 73,590 - 76.17% 01 -78- 5593 -110 TREE TRIMMING 6,825 18,737 14,932 22,856 25,408 88,759 103,229 - 14.02% 01 -66- 5594 -109 MAINT UG LINE 1,602 12,307 18,545 1,765 25,229 59,448 48,235 23.25% 01 -66- 5594 -101 LABOR REG UG LINES 0 349 2,171 1,192 2,692 6,404 5,611 14.13% 01 -66- 5594 -102 LABOR OT UG LINE 0 199 0 0 193 391 2,085 - 81.24% 01 -66- 5594 -106 VEHICLE UG LINE (561) (148) 513 406 503 713 3,899 - 81.73% 01 -66- 5596 -109 ST LT & SIG EXP 0 0 0 0 0 0 210 - 100.00% 01 -66- 5596 -101 LABOR REG ST LT /SG 0 0 0 0 0 0 2,494 - 100.00% 01 -66- 5596 -102 LABOR OT ST LT /SG 0 0 0 0 0 0 210 - 100.00% 01 -66- 5596 -106 VEHICLE ST LT /SG (47) (22) (19) 13 (19) (94) 1,082 - 108.67% 01 -66- 5921 -000 OFFICE SUPPLIES 0 0 0 0 0 0 210 - 100.00% SUB -TOTAL 84,587 142,293 176,010 139,592 170,340 712,822 749 704 -4.92% Page 1 4:19 PM 12/28/2009 RNLD ENGINEERING AND OPERATIONS BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 STATION 68 81 64 0 0 0 ACTUAL BUDGET ACT /HUD 01 -68- 5581 -109 STATION OP 376 376 376 566 376 YTD YTD VARIANCE METER READING BO JUL AUG SEP -OCT NOV TOTAL TOTAL % 01 -80- 5902 -101 LABOR REG 8,632 5,861 4,845 4,583 4,393 28,314 22,362 26.61% 01 -80- 5902 -102 LABOR OT 0 0 0 0 0 0 835 - 100.00% 01 -80- 5902 -105 SUPPLIES 0 0 0 0 320 320 415 - 22.89% 01 -80- 5902 -106 VEHICLE 1,204 1,172 1,014 1,133 711 5,233 3,247 61.19% SUB -TOTAL 9,836 7,032 5 859 5,716 5,425 33,867 26,859 26.09% METER TECHNICIANS 67 (168) (94) (86) (21) (144) (513) 1,082 - 147.44% 01 -67 -5586 -109 METER TECH EXP 210 200 700 589 622 2,321 5,000 - 53.58% 01 -67- 5586 -101 LABOR REG 20,604 29,921 39,209 29,104 32,636 151,474 152,072 -0.39% 01 -67- 5586 -102 LABOR OT 615 202 404 498 0 1,719 2,085 - 17.58% 01 -67- 5586 -103 BE EDUCATION 0 0 0 0 0 0 2,000 - 100.00% 01- 67- 5586 -106 VEHICLE (912) (539) (267) 78 (839) (2,478) 6,493 - 138.16% 01 -67 -5921 -000 OFFICE SUPPLIES 0 0 0 0 0 0 210 - 100.00% SUB -TOTAL 20,517 29,785 40,046 30,269 32,420 153,036 167,860 -8.839. STATION 68 81 64 0 0 0 145 6,250 - 97.68% 01 -68- 5581 -109 STATION OP 376 376 376 566 376 2,068 2,085 -0.829. 01 -68- 5581 -101 LABOR REG SUP 0 0 2,666 2,378 6,093. 11,136 26,000 - 57.17% 01 -68- 5582 -109 STATION SUPPLIES (209) (273) (672) (11650) (275) (3,080) 3,125 - 198.55% 01 -68- 5582 -101 LABOR REG 21,033 29,719 36,586 22,911 23,206 133,455 108,419 23.09% 01 -68- 5582 -102 LABOR OT 11,167 12,674 15,489 9,746 12,432 61,509 50,100 22 01 -68- 5582 -103 BE EDUCATION 0 0 0 0 0 0 7,500 -1004 01 -68 -5582 -105 SUPPLIES (5) 468 161 136 88 847 0 10O.u,.v 01 -68- 5582 -106 VEHICLE (168) (94) (86) (21) (144) (513) 1,082 - 147.44% SUB -TOTAL 32,193 42,869 54,520 34,065 41,775 205,422 198,311 3.59% 01 -68- 5590 -109 SENIOR TECH EXP 81 64 0 0 0 145 6,250 - 97.68% 01 -68- 5590 -101 LABOR REG (4,909) 7,180 10,682 155 7,981 21,090 39,733 - 46.92% 01 -68- 5590 -102 LABOR OT 449 448 0 281 811 1,988 5,825 - 65.88% 01 -68- 5590 -103 BE EDUCATION 0 0 405 0 0 405 5,415 - 92.52% 01 -68- 5590 -105 SUPPLIES 106 165 310 387 113 1,081 2,700 - 59.96% 01- 68- 5590 -106 VEHICLE (168) (94) (86j (21) (144) (513) 1,082 - 147.44% 01- 68- 5595 -000 TRANSFORMER MAINT 7,097 3,740 16,550 16,605 8,764 52,757 41,460 27.25% 01 -68- 5597 -109 MAINT METERS 531 0 0 0 0 531 835 - 36.379' 01 -68- 5597 -101 LABOR REG 0 0 0 0 0 0 933 - 100.00% 01 -68- 5597 -102 LABOR OT 0 0 0 0 0 0 210 - 100.00% 01 -68- 5921 -000 OFFICE SUPPLIES 0 0 0 0 0 0 415 - 100.00% SUB -TOTAL 3,187 11,504 27,862 17,406 17,525 77,483 104,857 - 26,110 GRAND TOTAL 179,134 281,752 362,429 269,598 315r981 1,408,894 1,506,816 -6.5091. Page 2 4:07 PM 12/28/2009. RMLD BUSINESS DIVISION BUDGET VARAANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 MISCELLANEOUS DEDUCTIONS 57/77 01 -77- 5403 -000 DEPRECIATION EXP 280,106 280,106 280,106 280,106 ACTUAL BUDGET ACT /BUD -0.8591. 01 -77- 5408 -000 VOLUNTARY PAYMENTS 104,500 104,500 104,500 YTD YTD VARIANCE ACCOUNTING 59 JUL AUG SEP OCT NOV TOTAL TOTAL % 01 -59- 5903 -101 LABOR REG 13,107 16,160 19,395 14,509 15,424 78,594 76,512 2.72% 01 -59 -5903 -102 LABOR OT 0 0 0 0 0 0 200 - 100.00% 01 -59- 5903 -103 EE EDUCATION 0 0 0 0 0 0 0 0.00% 01 -59- 5903 -105 SUPPLIES 9,571 33,686 595 27,631 973 72,456 110,665 - 34.53% 01 -59 -5921 -000 OFFICE SUPPLIES 3,191 20,701 29,833 24,653 23,578 101,957 100,000 1.9691. 01 -59- 5923 -000 OUTSIDE SERVICES 0 0 24,000 5,750 0 29,750 48,000 - 38.02% SUB -TOTAL _25,869 70,547 73,823 72,543 39,975 282,756 335,377 - 15.69% CUSTOMER SERVICE 62 GRAND TOTAL 01 -62- 5903 -101 LABOR REG 32,203 42,301 45,245 37,653 42,313 199,715 201,008 -0.64% 01 -62 -5903 -102 LABOR OT 0 0 0 0 0 0 1,000 - 100.00% 01-62- 5903 -103 EE EDUCATION 0 0 0 0 0 0 1,500 - 100.00% 01 -62- 5903 -105 SUPPLIES 156 1,391 1,607 7,280 205 10,638 6,250 70.21% 01 -62- 5903 -106 VEHICLE (561) (314) (286) (71) (482) (1,714) 2,164 - 179.19% 01 -62- 5903 -109 RES ENERGY AUDITS 0 140 (140) 1,680 0 1,680 0 100.00% 01 -62- 5904 -000 UNCOLLECT ACCOUNTS 12,500 12,500 12,500 12,500 12,500 62,500 62,500 0.00% 01 -62- 5921 -000 OFFICE SUPPLIES 0 13 106 187 0 306 1,000 - 69.39% SUB -TOTAL 44,298 56,031 59,032 59,229 54,535 273,125 275,423 - 0.83% Mi 01 -61 -5903 -101 LABOR REG 29,072 34,187 39,909 32,388 36,883 172,437 168,948 2.079, 01 -62 -5903 -102 LABOR OT 0 0 0 0 0 0 400 - 100.00% 01- 61- 5903 -103 EE EDUCATION 0 398 0 0 30 428 6,000 - 92.88% 01 -61- 5903 -105 SUPPLIES 1,421 1,799 2,321 2,014 998 8,553 10,000 - 14.47% 01 -61- 5935 -000 MAINT GEN PLANT 5,289 7,890 7,052 10,981 9,001 40,215 48,375 - 16.87% 01 -61- 5921 -000 OFFICE SUPPLIES 0 692 104 321 0 1,117 5,000 - 77.67% SUB -TOTAL 35,782 44,965 49,386 45,704 46,911 222,749 238,723 -6.69% MISCELLANEOUS DEDUCTIONS 57/77 01 -77- 5403 -000 DEPRECIATION EXP 280,106 280,106 280,106 280,106 280,106 1,400,529 1,412,500 -0.8591. 01 -77- 5408 -000 VOLUNTARY PAYMENTS 104,500 104,500 104,500 104,500 104,500 522,500 522,500 0.00% 01 -77 -5419 -000 INTEREST EXP 1,304 1,277 1,291 1,291 9,933 15,095 6,250 141.52% 61 -77- 5426 -000 OTHER DEDUCTIONS 182,225 182,220 182,223 182,223 182,223 911,113 911,125 0.00% 01 -77- 5427 -000 INTEREST EXP BONDS 2,222 0 2,224 0 0 4,446 4,444 0.04% 01 -77- 5428 -000 AMORT DEBT EXP 122 122 122 1,099 0 1,465 625 134.36% 01 -57- 5920 -101 AC /BUS MGR LABOR RE( 174 3,422 3,422 2,738 3,363 13,120 14,374 -8.72% 01 -57- 5930 -109 AC /BUS MGR MISC GEN 0 0 0 85 0 85 1,000 - 91.55% SUB -TOTAL 570,653 571,647 573,887 572,040 580,124 2,868,352 2,872,818 -0.16% GRAND TOTAL 676,602 743,190 756,128 749,516 721,546 3,646,982 3 722 340 -2.02% Page 3 4:05 PM 12/28/2009 GENERAL BENEFITS 53 01- 53- 5920 -101 LABOR REG 01 -53- 5921 -000 OFFICE SUPPLIES 01 -53- 5930 -103 EE EDUCATION 01 -53- 5930 -105 SUPPLIES 01 -53- 5923 -000 OUTSIDE SERVICES 01 -53- 5924 -000 PROPERTY INSURANCE 01 -53- 5925 -000 INJURIES & DAMAGES 01 -53- 5926 -000 EE PENS & BENEFIT 01 -53 -5930 -109 MISC GENERAL 01 -53- 5931 -000 RENT r-01- mii- 10.1w TRANSPORTATION 63 01 -63- 5933 -109 MISC GENERAL 01 -63- 5933 -101 LABOR REG 01 -63 -5933 -102 LABOR OT 01 -63- 5933 -103 EE EDUCATION 01 -63 -5933 -105 SUPPLIES LESS ALLOCATION RECLASS SUB -TOTAL BUILDING MAINTENANCE 64 01 -64- 5923 - 000 OUTSIDE SERVICES 01 -64- 5932 -101 LABOR REG 01 -64- 5932 -102 LABOR OT 01 -64- 5932 -103 EE EDUCATION 01- 64- 5932 -105 SUPPLIES SUB -TOTAL MATERIALS MANAGEMENT 60 01 -60- 5588 -109 MISC DIST EXP 01- 60- 5588 -101 LABOR REG 01 -60- 5588 -102 LABOR OT 01 -60- 5588 -103 EE EDUCATION 01- 60- 5588 -105 SUPPLIES 01 -60- 5588 -104 RFP EXPENSES 01- 60- 5921 -000 OFFICE SUPPLIES ��Iit E�- il•1�i;�e GRAND TOTAL RMLD FACILITY DIVISION BUDGER VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 (160) (40) 10 0 40 ACTUAL BUDGET ACT /BUD 1,340 4,868 6,145 2,983 21,148 YTD YTD VARIANCE JUL AUG SEP OCT NOV TOTAL TOTAL 0 5,213 9,412 9,436 5,924 7,868 37,852 35,422 6.869. 0 0 0 0 0 0 425 - 100.00% 501 8 0 0 0 509 2,085 - 75.585. 0 0 25 0 0 25 415 - 94.0151 0 0 0 0 2,500 2,500 4,165 - 39.98% 31,020 31,020 34,055 31,399 31,399 158,894 184,655 - 13.95% 3,064 3,060 7,965 3,695 5,001 22,784 25,280 63,504 57,787 (20,088) 257,256 94,792 453,251 464,075 -2.33% 0 0 0 0 150 150 1,250 - 88.00% 13,446 13,968 14,001 13,967 13,962 69,344 88,335 - 21.50% 116,748 115,255 45t394 312,240 155,672 745,309 806,107 -7.54% (160) (40) 10 0 40 (150) (76,100) 5,813 1,340 4,868 6,145 2,983 21,148 22,996 428 134 294 667 748 2,273 3,250 0 0 0 75 0 75 1,000 (33,182) (16,617) 18,971 (10,310) (26,969) (68,108) 157,075 27,101 15,184 (24,143) 3,422 23,198 44,762 (108,221) (0) 0 0 (0) 0 (0) 0 0 0 0 0 0 0 8,345 5,887 10,927 13,274 10,325 13,085 53,499 50,188 373 1,108 2,725 3,848 1,523 9,578 5,000 0 0 0 0 0 0 1,000 22,749 36,840 34,787 15,619 14,270 124,265 190,980 29,009 48,876 50,786 29,793 28,878 187,342 255,513 1,071 3,771 3,711 3,694 3,257 15,503 18,750 19,372 21,521 24,769 20,028 21,798 107,488 110,457 0 0 0 0 0 0 1,665 0 223 0 66 0 289 875 623 807 654 856 496 3,437 6,250 0 0 0 0 0 0 400 0 28 0 0 0 28 625 21,066 26,350 29,133 24,644 25,551 126,744 139,022 166,823 190,481 125,314 366r6 7 210,101 1,059,395 _ 1,200,642 Page 4 4:05 PM 12/28/2009 RMLD GENERAL MANAGER DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 Page 5 ACTUAL BUDGET ACT /BUD YTD YTD VARIANCE GENERAL MANAGER 51 JUL AUG SEP OCT NOV TOTAL TOTAL % 01 -51 -5920 -101 LABOR REG 16,146 19,776 22,754 18,546 19,696 96,917 97,364 -0.46% 01 -51- 5921 -000 OFFICE SUPPLIES 84 110 70 9 12 286 1,040 - 72.53% 01 -51 -5923 -000 OUTSIDE SERVICES 0 4,397 934 25,283 17,797 48,412 20,835 132.36% 01 -51 -5930 -103 EE EDUCATION 0 0 479 0 12 491 5,000 - 90.19% 01 -51 -5930 -105 MISC GENERAL 4,364 4,318 4,274 4,281 4,274 21,510 22,915 -6.13% 01 -51- 5930 -106 VEHICLE (561) (314) (286) (71) (482) (1,714) 2,164 - 179.19% SUB -TOTAL 20,033 28,287 28,225 48,048 41,308 165,901 149,319 11.11% HUMAN RESOURCES 52 01- 52- 5920 -101 LABOR REG 8,777 11,327 9,349 9,614 9,711 48,777 50,110 -2.66% 01 -52 -5921 -000 OFFICE SUPPLIES 0 0 0 0 68 68 100 - 31.60% 01 -52 -5923 -000 OUTSIDE SERVICES 0 3,176 1,738 15,786 4,319 25,019 39,165 - 36.12% 01 -52- 5930 -103 EE EDUCATION 385 125 (480) (50) 50 30 4,000 - 99.25% 01 -52- 5930 -105 SUPPLIES 0 0 63 548 (50) 561 450 24.65% 01 -52- 5930 -109 MISC GENERAL 237 1,150 984 431 237 3,038 7,800 - 61.05% SUB -TOTAL 9,399 15,778 11,653 26,330 14,335 77,494 101,625 - 23.74% __`4UNITY RELATIONS 54 G- ;:..;4- 5920 -101 LABOR REG 5,789 8,193 9,318 6,754 8,362 38,416 37,552 2.30% 01 -54- 5921 -000 OFFICE SUPPLIES 0 0 0 0 0 0 250 - 100.00% 01 -54- 5930 -109 MISC GENERAL 2,768 61891 5,147 779 17,650 33,235 57,150 - 41.85% 01 -54- 5930 -103 EE EDUCATION 0 0 0 0 0 0 0 0.00% 01- 54- 5930 -105 SUPPLIES 0 0 0 180 0 180 250 - 28.00% SUB -TOTAL 8,557 15,084 14,465 7,713 26,012 71,831 95,202 - 24.55% CAB 56 01 -56- 5920 -101 LABOR REG 0 0 212 0 0 212 2,034 - 89.58% 01- 56- 5920 -102 LABOR OT 0 0 0 0 0 0 500 - 100.00% 01 -56- 5930 -109 MISC GENERAL 2,200 0 1,289 660 0 4,149 3,625 14.44% SUB -TOTAL 2,200 0 1,501 660 0 4,361 6,159 - 29.20% BOARD 58 01 -58- 5930 -109 MISC GENERAL 0 0 1,866 0 0 1,866 2,625 - 28.93% SUB -TOTAL 0 0 1,866 0 0 1,866 2,625 - 28.93% GRAND TOTAL 40,189 59,149 57,710 82,750 81,655 321,452 354,930 -9.43% Page 5 4:04 PM 12/28/2009 ENERGY SERVICES 75 01 =75- 5916 -000 ENERGY SERV EXP 01 -75- 5916 -101 LABOR REG 01 -75- 5916 -103 EE EDUCATION 01 -75- 5916 -109 KEY ACCOUNT 01 -75 -5921 -000 OFFICE SUPPLIES 01 -75- 5923 -000 OUTSIDE SERVICES 01 -75- 5916 -402 RES CONSERVE PROG 01 -75- 5916 -403 RES CONSERVE OTHER 01 -75- 5916 -502 COMM CONSERVE PROD 01 -75- 5916 -503 COMM CONSERVE OTHER GRAND TOTAL RMLD ENERGY SERVICES DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING NOVEMBER 30, 2009 Page 6 ACTUAL BUDGET ACT /BUD YTD YTD VARIANCE JUL AUG SEP OCT NOV TOTAL TOTAL % 310 310 7,090 (8,894) 1,810 626 16,665 - 96.24% 26,544 37,539 39,758 34,614 33,228 171,683 171,455 0.13% 0 997 149 0 759 11906 21500 - 23.77% 0 37 0 0 0 37 2,085 - 98.23% 25 0 0 0 0 25 210 - 88.30% 0 0 18,410 3,488 6,875 28,773 62,505 - 53.97% 10,391 13,266 12,576 3,751 14,868 54,851 101,084 - 45.74% 0 0 (5,000) 0 0 (51000) 8,480 - 100.00% 620 0 5,242 68,809 0 74,671 135,415 - 44.86% 3,770 3,770 3,770 3,770 5,655 20,735 19,786 4.79% 41,660 55,919 01,994 105,539 63,195 348,307 520,186 - 33.04% Page 6 RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 11/30/09 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 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2010 CONTRACTORS UG LINE 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 �� ACTUAL 10 BUD. JUL AUG SEP OCT NOV TOTAL 09 09 09 09 09 GENERAL MANAGER GENERAL MANAGER 2 2 2 2 2 2 HUMAN RESOURCES 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 TOTAL 5 5 5 5 5 5 BUSINESS ACCOUNTING 2 2 2 2 2 2 CUSTOMER SERVICE 9 9 9 9 9 9 MGMT INFORMATION SYS 6 6 6 6 6 6 MISCELLANEOUS 1 1 1 1 1 1 TOTAL 18 18 18 18 18 18 ENGINEERING & OPERATION AGM E &O 2 2 2 3 3 3 ENGINEERING 5 5 5 3 3 3 LINE 20 18 18 19 19 19 - METER 7 7 7 7 7 7 STATION 9 9 9 10 10 10 TOTAL 43 41 41 42 42 42 PROJECT BUILDING 2 2 2 2 2 2 GENERAL BENEFITS 2 2 2 2 2 2 TRANSPORTATION 0 0 0 0 0 0 MATERIALS MGMT 4 4 4 4 4 4 TOTAL 8 8 8 8 8 8 ENERGY 9 RtTTCESS' ENERGY SERVICES 6 6 6 6 6 6 TOTAL 6 6 6 6 6 6 RMLD TOTAL 80 78 78 79 79 79 CONTRACTORS UG LINE 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 �� Dt: January 21, 2010 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier P Sj: December 31, 2009 Report The results for the first six months ending December 31, 2009, 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 December, net loss or the negative change in net assets was $1,177,998 decreasing the year to date net income for the first six months to $1,387,442. The budgeted net income for this period was $1,472,998, resulting in net income being under budget by $85,555, or 5.8 %. $1,020,000 of the $1,387,442 net income is attributable to fuel revenues exceeding fuel expenses. Revenue projections were reforecasted again from the original budget resulting in actual figures being used for the period July through December, 2009, and reforecasted figures for the period January through June, 2010. 2) Revenues: (Page 11B) Due to the reforecast of revenue figures, there is no variance to report. Actual base revenues were at $19.8 million. Expenses: (Page 12A) *Purchased power base expense was $292,700 or 2.1% over budget. Actual purchased power base costs were $14.0 million compared to the budgeted amount of $13.7 million. *Operating and Maintenance (O &M) expenses combined were under budget by $330,000 or 6.1 %. Actual O &M expenses were $5.1 million compared to the budgeted amount of $5.4 million. The major expenses that were under budget are energy audit expense and conservation ($141;000), garage and stockroom ($60,000) and professional services ($80,000). '`Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) ''`Operating Fund balance was at $5,969,996. *Capital Funds balance was at $5,492,066. ''`Rate Stabilization Fund balance was at $5,260,033. ''`Deferred Fuel Fund balance was at $2,549,279. 5) General Information: Kwh sales (Page 5) continue to lag behind last year's figure by 21.3 million kwh or 5.8 %. 6) Budget Variance: All five divisions were under budget cumulatively by $342,731 or 3.87 %. 7) Trends: The fuel charge remained unchanged in December at $.0615 ♦ 4001:4galzmam DECEMBER 31, 2009 ISSUE DATE: JANUARY 21 2010 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 (1) 62,124,680.88 65,588,490.94 4,553,349.57 5,492,066.95 23,951,655.33 18,346,600.63 90,629,685.78 89,427,158.52 101,169,220.24 99,572,964.09 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 12/31/09 PREVIOUS YEAR CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 8,164,621.96 5,972,996.16 RESTRICTED CASH (SCH A P.9) 14,225,841.74 12,499,265.52 RESTRICTED INVESTMENTS (SCH A P.9) 2,900,000.00 4,400,000.00 RECEIVABLES, NET (SCH B P.10) 10,313,124.84 7,802,174.98 PREPAID EXPENSES (SCH B P.10) 1,313,368.26 1,790,537.25 INVENTORY 1,437,427.49 1,396,008.11 TOTAL CURRENT ASSETS 38,354,384.29 33,860,982.02 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 122,391.17 108,967.43 CAPITAL ASSETS, NET (SCH C P.2) 62,674,680.88 65,588,490.94 OTHER ASSETS (SCH C P.2) 17,763.90 14,523.70 TOTAL NONCURRENT ASSETS 62,814,835.95 65,711,982.07 TOTAL ASSETS 101,169,220.24 99,572,964.09 LIABILITIES CURRENT ACCOUNTS PAYABLE 5,399,237.64 5,516,051.42 CUSTOMER DEPOSITS 493,669.37 484,880.63 CUSTOMER ADVANCES FOR CONSTRUCTION 714,529.12 524,225.93 ACCRUED LIABILITIES 699,880.75 747,533.26 CURRENT PORTION OF BONDS PAYABLE 550,000.00 0.00 TOTAL CURRENT LIABILITIES 7,857,316.88 7,272,691.24 NONCURRENT BONDS PAYABLE, NET OF CURRENT PORTION 0.00 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,682,217.58 2,873,114.33 TOTAL NONCURRENT LIABILITIES 2,682,217.58 2,873,114.33 TOTAL LIABILITIES 10,539,534.46 10,145,805.57 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 (1) 62,124,680.88 65,588,490.94 4,553,349.57 5,492,066.95 23,951,655.33 18,346,600.63 90,629,685.78 89,427,158.52 101,169,220.24 99,572,964.09 TOWN OF READING, MASSACHUSETTS MUNTCIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 12/31/09 SCHEDULE C PREVIOUS YEAR CURRENT YEAR SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC 46,153.24 41,937.50 NEW ENGLAND HYDRO TRANSMISSION 76,237.93 67,029.93 TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 122,391.17 108,967.43 SCHEDULE OF CAPITAL ASSETS LAND 1,265,842.23 1,265,842.23 STRUCTURES AND IMPROVEMENTS 7,288,907.18 6,997,417.80 EQUIPMENT AND FURNISHINGS 10,296,166.23 12,737,093.56 INFRASTRUCTURE 43,823,765.24 44,588,137.35 TOTAL UTILITY PLANT 62,674,680.88 65,588,490.94 SCHEDULE OF OTHER ASSETS PURCHASED POWER WORKING CAPITAL 14,523.70 14,523.70 UNAMORTIZED DEBT EXPENSE 3,240.20 0.00 TOTAL OTHER ASSETS 17,763.90 14,523.70 TOTAL NONCURRENT ASSETS 62,814,835.95 65,711,982.07 (2) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/09 OPERATING REVENUES: (SCHD P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH E P.12) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME OPERATING REVENUES (EXPENSES) - i3ONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF DECEMBER MONTH .MONTH LAST YEAR CURRENT YEAR YTD % LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 3,155,116.49 2,977,414.70 19,970,943.39 19,782,389.95 -0.94% 4,283,950.91 3,177,509.05 32,660,241.87 22,277,640.84 - 31.79% 31,213.23 529,416.60 1,476,045.37 2,043,921.89 38.47% 75,931.65 80,013.08 418,168.27 427,140.30 2.15% 43,716.75 42,280.30 134,589.15 279,337.15 107.55% 0.00 (29,048.13) 0.00 (210,225.80) 100.00% 7,589,929.03 6,777,585.60 54,659,988.05 44,600,204.33 - 18.40% 1,843,049.67 2,311,554.45 12,477,605.90 14,060,571.25 12.69% 4,556,551.42 3,964,453.98 31,273,059.53 21,257,529.68 - 32.03% 682,747.12 823,940.52 3,949,084.51 .4,011,198.44 1.57% 172,500.08 333,121.28 1,198,724.23 1,075,74 6.64 - 10.26% 261,.200.00 280,105.78 1,567,200.00 1,680,634.68 7.24% 77,481.00 104,246.00 581,231.00 (120,663.96) 7.839. 7,593,529.29 7,817,422.01 51,046,905.17 42,712,426.69 - 16.33% (3,600.26) (1,039,836.41) 3,613,082.88 1,887,777.64 - 47.75% 2,526.21 0.00 156,478.04 410,356.43 (176,060.50) (182,222.50) (1,056,363.00) (1,093,335.00) 57,069.97 20,917.23 229,098.61 86,575.93 (31907.60) 6,250.00 (23,779.88) (13,290.84) 3,308.22 16,893.83 88,140.44 104,358.24 (117,063.70) (138,161.44) (606(425.79) (500,335.24) (120,663.96) (1,177,997.85) 3,006,657.09 1,387,442.40 (3) 87,623,028.69 88,039,716.12 90,629,685.78 89,427,158.52 162.25% 3.50% -62.21 -44.11% 24.07 9,. - 17.49% - 53.85% 0.48. -1.335. TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 12/31/09 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE ** FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME ACTUAL BUDGET YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE 19,782,389.95 19,782,389.00 0.95 0.00% 22,277,640.84 22,277,640.00 0.84 0.00% 2,043,921.89 1,800,000.00 243,921.89 13.55% 427,140.30 435,214.00 (8,073.70) - 1.86% 279,337.15 307,557.00 (28,219.85) -9.18% (210,225.80) 0000 (210,225.80) 100.00% 11.2851. OTHER (MDSE AND AMORT) 44,600,204.33 44,602,800.00 (2,595.67) -0.01% 14,060,571.25 13,767,849.00 292,722.25 2.13% 21,257,529.68 21,001,803.00 255,726.68 1.22% 4,011,198.44 4,330,985.00 (319,786.56) -7.38% 1,075,746.64 1,086,121.00 (10,374.36) -0.96% 1,680,634.68 1,695,000.00 (14,365.32) -0.85% 626,746.00 627,000.00 (254.00) -0.04% _ 42,712,426.69 42,508,758.00 203,668.69 0.48% 1,887,777.64 2,094,042.00 (206,264.36) -9.85% NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 410,356.43 200,000.00 210,356.43 105.18% RETURN ON INVESTMENT TO READING (1,093,335.00) (1,093,350.00) 15.00 0.00% INTEREST INCOME 86,575.93 225,000,00 (138,424.07) - 61.52% INTEREST EXPENSE (13,290.84) (11,944.00) (1,345.84) 11.2851. OTHER (MDSE AND AMORT) 109,358.24 59,250.00 50,108.24 84.57% TOTAL NONOPERATING REV (EXP) (500,335.24) (621,044.00) 120,708.76 - 19.44% CHANGE IN NET ASSETS 1,387,442.40 1,472,998.00 (85,555.60) NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 88,039,716.12 0.00 NET ASSETS AT END OF DECEMBER 89,427,158.52 89,512,714.12 (85,555.60) * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12/31/09 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (3A) -5.81% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 12/31/09 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 DECEMBER PAID ADDITIONS TO GAW THRU DECEMBER TOTAL USE OF CAPITAL FUNDS GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/09 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL (4) 1,605,631.68 1,006,404.00 4,403,129.56 1,000,000..00 13,934.39 1,680,634.68 0.00 1,006,404.00 8,104,102.63 2,612,035.68 5,492,066.95 1,006,404.00 3,136,764.00 1,895,975.00 6,039,143.00 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 12/31/09 (5) MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 19,418,656 18,734,396 129,422,952 125,735,335 -2.85% COMM. AND INDUSTRIAL SALES 32,112,770 30,330,261 225,023,274 206,559,585 -8.21% PRIVATE STREET LIGHTING 71,266 71,314 426,937 425,749 -0.28% TOTAL PRIVATE CONSUMERS 51,602,692 49,135,971 354,873,163 332,720,669 -6.24% MUNICIPAL SALES: STREET LIGHTING 241,611 237,395 1,449,286 1,423,372 -1.79% MUNICIPAL BUILDINGS 798,269 764,313 6,635,772 4,823,632 - 27.31% TOTAL MUNICIPAL CONSUMERS 1,039,880 1,001,708 8,085,058 6,247,004 - 22.73% SALES FOR RESALE 239,849 221,759 1,713,340 1,634,491 -4.60% SCHOOL 1,344,317 1,289,861 4,040,279 6,771,847 67.61% TOTAL KILOWATT HOURS SOLD 54,226,738 51,649,299 368,711,840 347,374,011 -5.79% (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 12/31/09 (6) TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 18,734,396 5,740,120 2,762,699 4,139,295 6,092,282 COMM & IND 30,330,261 3,704,850 258,318 4,914,651 21,452,442 PVT ST LIGHTS 71,314 13,867 1,360 21,010 35,077 PUB ST LIGHTS 237,395 78,651 32,851 39,710 86,183 MUNI BLDGS 764,313 195,157 131,624 153,213 284,319 SALES /RESALE 221,759 221,759 0 0 0 SCHOOL 1,289,861 449,716 253,068 179,880 407,197 TOTAL 51,649,299 10,404,120 3,439,920 9,447,759 28,357,500 YEAR TO DATE RESIDENTIAL 125,735,335 38,875,897 18,315,939 29,004,539 39,538,960 COMM & IND 206,559,585 25,391,270 1,668,649 32,365,976 147,133,690 PVT ST LIGHTS 425,749 84,166 8,160 125,232 208,191 PUB ST LIGHTS 1,423,372 471,806 197,106 238,194 516,266 MUNI BLDGS 4,823,632 1,192,169 817,840 965,781 1,847,842 SALES /RESALE 1,634,491 1,634,491 0 0 0 SCHOOL 6,771,847 2,526,363 1,392,568 836,040 2,016,876 TOTAL 347,374,011 70,176,162 22,400,262 63,535,762 191,261,825 LAST YEAR TO DATE RESIDENTIAL 129,422,952 40,548,220 18,878,480 29,807,745 40,188,507 COMM & IND 231,659,046 29,846,383 3,223,719 40,206,098 158,382,846 PVT ST LIGHTS 426,937 82,818 8,200 130,433 205,486 PUB ST LIGHTS 1,449,286 498,702 197,166 237,436 515,982 SALES /RESALE 1,713,340 1,713,340 0 0 0 SCHOOL 4,040,279 1,530,379 796,961 507,920 1,205,019 TOTAL 368,711,840 74,219,842 23,104,526 70,889,632 200,497,840 KILOWATT HOURS SOLD TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 36.27% 11.11% 5.35% 8.01% 11.80% COMM & IND 58.72% 7.17% 0.50% 9.52% 41.53% PVT ST LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.46% 0.15% 0.06% 0.08% 0.17% MUNI BLDGS 1.48% 0.38% 0.25% 0.30% 0.55% SALES /RESALE 0.43% 0.43% 0.00% 0.00% 0.00% SCHOOL 2.50% 0.87% 0.49% 0.35% 0.79% TOTAL 100.00% 20.14% 6.65% 18.3091 54.91% YEAR TO DATE RESIDENTIAL 36.20% 11.19% 5.27% 8.35% 11.39% COMM & IND 59.46% 7.31% 0.48% 9.32% 42.35% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% MUNI BLDGS 1.39% 0.34% 0.24% 0.28% 0.53% SALES /RESALE 0.47% 0.47% 0.00% 0.00% 0.00% SCHOOL 1.95% 0.73% 0.40% 0.24% 0.58% TOTAL 100.00% 20.20% 6.45% 18.30% 55.05% LAST YEAR TO DATE RESIDENTIAL 35.10% 11.00% 5.12% 8.08% 10.90% COMM & IND 62.82% 8.09% 0.87% 10.90% 42.96% PVT ST LIGHTS 0.13% 0.02% 0.00% 0.04% 0.07% PUB ST LIGHTS 0.39% 0.14% 0.05% 0.06% 0.14% SALES /RESALE 0.46% 0.46% 0.00% 0.00% 0.00% _ SCHOOL 1.10% 0.42% 0.22% 0.14% 0 .32 % TOTAL 100.00% 20.13% 6.26% 19.22% 54.395, (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 12/31/09 TOTAL OPERATING REVENUES (P.3) 44,600,204.33 ADD: POLE RENTAL 37,806.00 INTEREST INCOME ON CUSTOMER DEPOSITS 1,406.43 LESS: OPERATING EXPENSES (P.3) (42,712,426.69) BOND INTEREST EXPENSE (4,445.77) CUSTOMER DEPOSIT INTEREST EXPENSE (8,845.07) FORMULA INCOME (LOSS) 1,913,699.23 (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 PEAR LOAD TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT.' DEPARTMENT GENERAL STATISTICS 12/31/09 MONTH OF DEC 2008 54,226,738 61,606,646 0.029916 0.058164 0.103878 0.144984 41283,950.91 73.27% 115,177 MONTH OF % CHANGE YEAR THRU DEC 2009 2008 2009 DEC 2008 DEC 2009 51,649,299 -1.96% -5.79% 368,711,840 347,374,011 62,237,327 -2.59% -3.77% 377,360,606 363,130,364 0.037141 15.6991. 17.10% 0.033065 0.038720 0.057647 3.09% 5.14% 0.054164 0.056948 0.100840 47.65% - 16.11% 0.115939 0.097260 0.119168 40.63% - 15.18% 0.142743 0.121080 3,177,509.05 77.38% - 31.79% 32,660,241.87 22,277,640.84 75.54% 112,865 (8) 60 030 60 AON 60100 60 d3S 60 env 60 ,lnr 60 Nnr 60 Adw 60 ddH 60 adw 6093-4 60 NVr 80 030 80 AON 80100 80 d3S 4- v! (`) > so and W 0 cn > so -inr U 0 so Nnr 80 AM cz cz so add 90 adw 90 93d I 80 NVr Lo 030 LO AON I i LO 100 I LO d3S j i I i i I I I I I I 60 030 60 AON 60100 60 d3S 60 env 60 ,lnr 60 Nnr 60 Adw 60 ddH 60 adw 6093-4 60 NVr 80 030 80 AON 80100 80 d3S so and so -inr so Nnr 80 AM so add 90 adw 90 93d 80 NVr Lo 030 LO AON LO 100 LO d3S LO E)nv LO inr LO Nnr LO AM LO dd`d LO HVIN LO 93d LO NVr 90 030 r �-- 0 O 0 0 0 0 I TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 12/31/09 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 TOTAL RESTRICTED CASH RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS ** TOTAL RESTRICTED INVESTMENTS TOTAL CASH BALANCE DECEMBER 2008 * FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP DECEMBER 2009 * FED HOME LOAN NTG CORP FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP FED HOME LOAN MTG CORP FED NATIONAL MTG ASSN t; E PREVIOUS YEAR 8,161,621.96 3,000.00 8,164,621.96 4,553,349.57 363,020.29 0.00 290,400.00 2,292,513.04 4,786,209.76 28,988.15 1,232,439.84 35,251.72 150,000.00 493,669.37 14,225,841.74 1,400,000.00 1,500,000.00 2,900,000.00 SCHEDULE A CURRENT YEAR 5,969,996.16 3,000.00 5,972,996.16 5,492,066.95 0.00 0.00 0.00 2,549,279.61 2,360,033.14 28,988.15 1,398,765.32 35,251.72 150,000.00 484,880.63 12,499,265.52 2,900,000.00 1,500,000.00 4,400,000.00 25,290,463:70 22,872,261.68 1,400,000.00; DTD 05/08/08; INT 4.00 %; MATURITY 11/15/13 500,000.00; DTD 01/17/08; INT 4.255.; 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 06/01/09; 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 12/31/09 UNBILLED ACCOUNTS RECEIVABLE 4,762,361.75 TOTAL ACCOUNTS RECEIVABLE, NET 10,313,124.84 SCHEDULE OF PREPAYMENTS PREPAID INSURANCE 1,126,420.99 PREPAYMENT PURCHASED POWER (143,369.13) PREPAYMENT PASNY 330,316.40 PREPAYMENT WATSON 0.00 TOTAL PREPAYMENT 1,313,368.26 * ACCOUNTS RECEIVABLE AGING DECEMBER 2009: RESIDENTIAL AND COMMERCIAL 3,609,671.61 LESS: SALES DISCOUNT LIABILITY (239,477.87) GENERAL LEDGER BALANCE 3,370,193.74 CURRENT 2,642,847.48 78.420 30 DAYS 434,561.81 12.8951. 60 DAYS 152,608.49 4.53% 90 DAYS 71,991.53 2.14% OVER 90 DAYS 68,184.44 2.0296 TOTAL 3,370,193.75 100.00% (10) SCHEDULE B 3,609,671.61 278,288.63 195,958.89 1,067.16 (239,477.87) (216,278.02) 3,629,230.40 4,172,944.58 7:802,174.98 1,201,807.66 139,124.61 286,833.66 162,771.32 1,790,537.25 PREVIOUS YEAR SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL 5,427,061.85 ACCOUNTS RECEIVABLE - OTHER 392,016.38 ACCOUNTS RECEIVABLE - LIENS 185,828.96 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 SALES DISCOUNT LIABILITY (258,954.23) RESERVE FOR UNCOLLECTIBLE ACCOUNTS (196,257.03) TOTAL ACCOUNTS RECEIVABLE BILLED 5,550,763.09 UNBILLED ACCOUNTS RECEIVABLE 4,762,361.75 TOTAL ACCOUNTS RECEIVABLE, NET 10,313,124.84 SCHEDULE OF PREPAYMENTS PREPAID INSURANCE 1,126,420.99 PREPAYMENT PURCHASED POWER (143,369.13) PREPAYMENT PASNY 330,316.40 PREPAYMENT WATSON 0.00 TOTAL PREPAYMENT 1,313,368.26 * ACCOUNTS RECEIVABLE AGING DECEMBER 2009: RESIDENTIAL AND COMMERCIAL 3,609,671.61 LESS: SALES DISCOUNT LIABILITY (239,477.87) GENERAL LEDGER BALANCE 3,370,193.74 CURRENT 2,642,847.48 78.420 30 DAYS 434,561.81 12.8951. 60 DAYS 152,608.49 4.53% 90 DAYS 71,991.53 2.14% OVER 90 DAYS 68,184.44 2.0296 TOTAL 3,370,193.75 100.00% (10) SCHEDULE B 3,609,671.61 278,288.63 195,958.89 1,067.16 (239,477.87) (216,278.02) 3,629,230.40 4,172,944.58 7:802,174.98 1,201,807.66 139,124.61 286,833.66 162,771.32 1,790,537.25 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 12/31/09 (11) SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 2,881,996.74 2,436,486.22 19,965,563.23 16,700,574.85 - 16.35% COMM AND INDUSTRIAL SALES 4,170,272.36 3,380,966.43 30,346,865.22 23,369,717.35 - 22.99% PRIVATE STREET LIGHTING 11,552.33 10,307.78 72,561.66 62,600.05 - 13.73% TOTAL PRIVATE CONSUMERS 7,063,821.43 5,827,7b0.43 - 20.35% 50,384,990.11 40,132,892.25 MUNICIPAL SALES: STREET LIGHTING 50,731.16 45,723.58 - 315,081.81 278,281.05 - 11.68% MUNICIPAL BUILDINGS 110,403.52 92,038.40 1,091,978.57 589,612.40 - 46.01% TOTAL MUNICIPAL CONSUMERS 161,134.68 137,761.98 - 38.32% 1,407,060.38 867,893.45 SALES FOR RESALE 33;975.38 27,316.66 269,271.60 206,574.58 - 23.28% SCHOOL 180,135.91 162,084.68 569,863.17 852,670.51 49.63% SUB -TOTAL 7,439,067.40 6,154,923.75 52,631,185.26 42,060,030.79 - 20.09% FORFEITED DISCOUNTS 75,931.65 80,013.08 418,168.27 427,140.30 2.15% PURCHASED POWER CAPACITY 31,213.23 529,416.60 1,476,045.37 2,043,921.89 38.47% ENERGY CONSERVATION - RESIDENTIAL 9,716.24 9,372.78 27,919.97 62,901.96 125.29% ENERGY CONSERVATION - COMMERCIAL 34,000.51 32,907.52 106,669.18 216,435.19 102.90% PASNY CREDIT 0.00 (29,048.13) 0.00 (210,225.80) 100.00% TOTAL REVENUE 7,589,929.03 54,659,988.05 - 18.40% 6,777,585.60 44,600,204.33 (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 12/31/09 TOTAL READING LYNNFIELD NO.READING WILMINGTON RESIDENTIAL 2,436,486.22 749,533.19 357,258.35 538,748.09 790,946.59 INDUS /MUNI BLDG 3,473,004.83 459,120.98 46,158.05 575,364.24 2,392,361.56 PUB.ST.LIGHTS 45,723.58 15,833.61 5,644.35 7,588.24 16,657.38 PRV.ST.LIGHTS 10,307.78 1,977.27 197.01 3,181.38 4,952.12 CO -OP RESALE 27,316.66 27,316.66 0.00 0.00 0.00 SCHOOL 162,084.68 56,654.54 31,451.49 22,999.84 50,978.81 TOTAL 6,154,923.75 1,310,436.25 440,709.25 1,147,881.79 3,255,896.46 THIS YEAR TO DATE RESIDENTIAL 16,700,574.85 5,178,804.35 2,420,248.83 3,858,722.41 5,242,799.26 INDUS /MUNI BLDG 23,959,329.76 3,156,971.61 296,891.01 3,836,561.95 16,668,905.18 PUB.ST.LIGHTS 278,281.05 96,352.78 34,442.32 46,192.01 101,293.94 PRV.ST.LIGHTS 62,600.04 12,125.95 1,203.29 19,279.06 29,991.75 CO -OP RESALE 206,574.58 206,574.58 0.00 0.00 0.00 SCHOOL 852,670.51 316,507.80 172,764.60 109,204.12 254,193.99 TOTAL 42,060,030.79 8,967,337.07 2, 925, 55Q. 03 7,869,959.56 22,297,184.13 LAST YEAR TO DATE RESIDENTIAL 19,965,563.23 6,276,312.43 2,898,123.25 4,602,890.91 6,188,236.64 INDUS /MUNI BLDG 31,438,843.79 4,196,142.64 463,271.93 5,469,851.97 21,309,577.25 PUB.ST.LIGHTS 315,081.81 111,529.95 38,999.16 51,455.02 113,097.68 PRV.ST.LIGHTS 72,561.66 13,840.31 1,402.44 23,082.25 34,236.66 CO -OP RESALE 269,271.60 269,271.60 0.00 0.00 0.00 SCHOOL 569,863.17 215,268.19 110,988.16 73,468.26 170,138.56 TOTAL 52,631,185.26 11,082,365.12 3,512,784.94 10,220,748.41 27,815,286.79 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 39.59% 12.18% 5.80% 8.75% 12.86% INDUS/MUNI BLDG 56.43% 7.46% 0.75% 9.35% 38.87% PUB.ST.LIGHTS 0.74% 0.26% 0.09% 0.12% 0.27% PRV.ST.LIGHTS 0.17% 0.03% 0.00% 0.05% 0.09% CO -OP RESALE 0.44% 0.44% 0.00% 0.00% 0.00% SCHOOL 2.63% 0.92% 0.51% 0.37% 0.83% TOTAL 100.00% 21.29% 7.15% 18.64% 52.92% THIS YEAR TO DATE RESIDENTIAL 39.71% 12.31% 5.75% 9.17% 12.48% INDUS /MUNI BLDG 56.96% 7.51% 0.71% 9.12% 39.62% PUB.ST.LIGHTS 0.66% 0.23% 0.08% 0.11% 0.24% PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07% CO -OP RESALE 0.449. 0.4996 0.00% 0.00% 0.00% SCHOOL 2.03% 0.75% 0.41% 0.26% 0.61% TOTAL 100.00% 21.32% 6.95% 18.71% 53.02% LAST YEAR TO DATE RESIDENTIAL 37.959. 11.93% 5.51% 8.75% 11.76% INDUS /MUNI BLDG 59.73% 7.97% 0.88% 10.39% 40.4951. PUB.ST.LIGHTS 0.59% 0.21% 0.07% 0.10% 0.21% PRV.ST.LIGHTS 0.14% 0.03%. 0.00% 0.04% 0.071 CO -OP RESALE 0.51% 0.515. 0.00% 0.00% 0.00 %, SCHOOL 1.08% 0.41% 0.21% 0.14% 0.32% " TOTAL 100.00% 21.06% 6.67% 19.42% 52.85% (11A) 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 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 12/31/09 ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 8,630,348.96 8,630,349.00 (0.04) 0.00% 10,443,162.26 10,443,162.00 0.26 0.00% 187,185.90 187,186.00 (0.10) 0.00% 101,506.31 101,506.00 0.31 0.Dr0% 420,186.52 420,186.00 0.52 .0.00% 19,782,389.95 19,782,389.00 0.95 0.00% 22,277,640.84 22,277,640.00 0.84 0.00% 42,060,030.79 42,060,029.00 1.79 0.00% 427,140.30 435,214.00 (8,073.70) -1.86% 2,043,921.89 1,800,000.00 243,921.89 13.55% 62,901.96 92,276.00 (29,374.04) - 31.83% 216,435.19 215,281.00 1,154.19 0.54% (210,225.80) 0.00 (210,225.80) 100.00% 44 602 800.00 (2,595.67) -0.01% 44,600,204.33 (11B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 12/31/09 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR YTD OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE PURCHASED POWER BASE EXPENSE 1,843,049.67 2,311,554.45 12,477,605.90 14,060,571.25 12.6991. OPERATION SUPER AND ENGIN -TRANS 0.00 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 33,113.05 50,642.93 194,166.05 200,190.99 3.10% STATION SUP LABOR AND MISC 5,598.63 13,348.49 45,497.12 26,552.88 - 41.64% LINE MISC LABOR AND EXPENSE 44,555.99 64,495.27 311,138.86 319,378.99 2.65% STATION LABOR AND EXPENSE 34,519.56 55,220.27 240,682.95 247,843.33 2.98% STREET LIGHTING EXPENSE 6,833.38 4,950.81 29,473.33 24,897.82 - 15.52% METER EXPENSE 32,987.69 47,125.51 193,025.02 200,161.49 3.70% MISC DISTRIBUTION EXPENSE 25,767.92 35,069.67 165,038.90 161,786.19 -1.97% METER READING LABOR & EXPENSE 6,012.72 6,349.05 38,551.63 40,216.35 4.32% ACCT & COLL LABOR & EXPENSE 116,081.72 150,722.56 739,049.06 693,508.46 -6.16% UNCOLLECTIBLE ACCOUNTS 10,400.00 12,992.92 62,400.00 75,492.92 20.98% ENERGY AUDIT EXPENSE 41,874.70 56,406.11 246,765.72 230,658.37 -6.53% ADMIN & GEN SALARIES 61,368.70 87,677.61 374,184.33 395,328.30 5.65% OFFICE SUPPLIES & EXPENSE 22,940.05 24,372.69 138,598.19 128,654.12 -7.17% OUTSIDE SERVICES 15,875.38 10,261.98 119,892.38 147,998.86 0.00% PROPERTY INSURANCE 26,282.44 31,399.48 157,693.39 190,293.43 20.67% INJURIES AND DAMAGES 4,135.39 6,572.39 31,449.15 29,356.30 -6.65% EMPLOYEES PENSIONS & BENEFITS 138,713.97 100,446.64 643,759.72 553,697.37 - 13.99% MISC GENERAL EXPENSE 9,827.23 16,876.53 90,089.52 81,571.55 - 9.46% RENT EXPENSE 15,614.60 14,294.47 85,972.19 83,638.94 -2.71% ENERGY CONSERVATION 30,244.00 34,715.14 41,657.00 179,971.78 332.03% TOTAL OPERATION EXPENSES 682,747.12 823,940.52 3,949,084.51 4 011 198.44 1.57% MAINTENANCE EXPENSES: NAINT OF TRANSMISSION PLANT 227.10 227.10 1,362.50 1,362.50 0.00% MAINT OF STRUCT AND EQUIP14T 18,693.53 14,057.69 158,276.99 37,847.69 - 76.09% X&INT OF LINES - OH 76,348.60 154,784.57 604,522.50 524,778.36 - 13.19% MAINT OF LINES - UG 9,078.21 11,143.20 70,858.69 78,099.03 10.22% MAINT OF LINE TRANSFORMERS 2,688.32 85,616.64 47,196.91 138,373.34 193.18% MAINT OF ST LT & SIG SYSTEM 53.12 36.75 52.65 (57.13) 100.00% NAINT OF GARAGE AND STOCKROOM 58,657.21 60,706.61 270,999.55 248,048.32 -8.47% MAINT OF METERS 0.00 0.00 0.00 531.31 100.00% MAINT OF GEN PLANT 6,753.99 6,548.72 45,454.44 46,763.22 2.88% TOTAL MAINTENANCE EXPENSES 172,500.08 333,121.28 1,198,724.23 1,075,746.64 - 10.26% DEPRECIATION EXPENSE 261,200.00 280,105.78 1,567,200.00 1,680,634.68 7.24% PURCHASED POWER FUEL EXPENSE 4,556,551.42 3,964,453.98 31,273,059.53 21,257,529.68 - 32.03% VOLUNTARY PAYMENTS TO TOWNS 77,481.00 104,246.00 581,231.00 626,746.00 7.83% TOTAL OPERATING EXPENSES - 16.33% 42,712,426.69 51,046,905.17 7,817,422.01 7,593,529.29 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/09 SCHEDULE G MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT ACTUAL BUDGET (137.50) % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE PURCHASED POWER BASE EXPENSE 14,060,.571.25 13,767,849.00 292,722.25 2.13% MAINT OF LINES - UG 78,099.03 OPERATION SUPER AND ENGIN -TRANS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP 200,190.99 203,734.00 (3,543.01) -1.74% STATION SUP LABOR AND MISC 26,552.88 35,300.00 (8,747.12) - 24.78% LINE MISC LABOR AND EXPENSE 319,378.99 295,576.00 23,802.99 1 8.05% STATION LABOR AND EXPENSE 247,843.33 208,764.00 39,079.33 18.72% STREET LIGHTING EXPENSE 24,897.82 39,601.00 (14,703.18) - 37.13% METER EXPENSE 200,161.49 210,711.00 (10,549.51) -5.01% MISC DISTRIBUTION EXPENSE 161,786.19 172,032.00 (10,245.81) -5.96% METER READING LABOR & EXPENSE 40,216.35 33,108.00 7,108.35 21.47% ACCT & COLL LABOR & EXPENSE 693,508.46 723,684.00 (30,175.54) -4.17% UNCOLLECTIBLE ACCOUNTS 75,492.92 75,000.00 492.92 0.66% ENERGY AUDIT EXPENSE 230,658.37 551,052.00 (320,393.63) - 58.145. ADMIN & GEN SALARIES 395,328.30 386,468.00 8,860.30 2.29% OFFICE .SUPPLIES &EXPENSE 128,654.12 132,308.00 (3,653.88) -2.76% OUTSIDE SERVICES 147,998.86 228,016.00 (80,017.14) - 35.095. PROPERTY INSURANCE 190,293.43 221,586.00 (31,292.57) - 14.12% IN=IES AND DAMAGES 29,356.30 30,246.00 (889.70) -2.94% EMPLOYEES PENSIONS & BENEFITS 553,697.37 546,455.00 7,242.37 1.33% . MISC GENERAL EXPENSE 81,571.55 131,342.00 (49,770.45) - 37.89% RENT EXPENSE 83,638.94 106,002.00 (22,363.06) - 21.10% ENERGY CONSERVATION 179,971.78 0.00 179,971.78 100.00% TOTAL OPERATION EXPENSES 4,011,198.44 4,330,985.00 (319,786.56) - 7.38 %, MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT 1,362.50 1,500.00 (137.50) -9.17% MAINT OF STRUCT AND EQUIPMENT 37,847.69 78,886.00 (41,038.31) - 52.02% MAINT OF LINES - QH 524,778.36 513,580.00 11,198.36 2.18% MAINT OF LINES - UG 78,099.03 72,089.00 6,010.03 8.34% MAINT OF LINE TRANSFORMERS 138,373.34 46,752.00 91,621.34 195.97% MAINT OF ST LT & SIG SYSTEM (57.13) 4,926.00 (4,983.13) - 101.16% MAINT OF GARAGE AND STOCKROOM 248,048.32 307,906.00 (59,857.68) - 19.44% MAINT OF METERS 531.31 2,432.00 (1,900.69) - 78.15% MAINT OF GEN PLANT 46,763.22 58,050.00 (11,286.78) - 19.44% TOTAL MAINTENANCE EXPENSES 1,075,746.64 1,086,121.00 (10,374.36) -0.96% DEPRECIATION EXPENSE 1,680,634.68 1,695,000.00 (14,365.32) -0.85% ** PURCHASED POWER FUEL EXPENSE 21,257,529.68 21,001,803.00 255,726.68 1.22% VOLUNTARY PAYMENTS TO TOWNS 626,746.00 627,000.00 (254.00) - 0.04% TOTAL OPERATING EXPENSES 42,508,758.00 0.48% "42,712,426.69 203,668.69 * ( ) = ACTUAL UNDER BUDGET ** REFORECASTED AS OF 12/31/09 ** 6 MONTHS ACTUAL /6 MONTHS BUDGET (12A) ** REFORECASTED AS OF 12/31/09 (128) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 12/31/09 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 14,060,571.25 12,733,679.75 47.52% OPERATION SUPER AND'ENGIN -TRANS KS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP KS 398,196.00 200,190.99 198,005.01 49.73% STATION SUP LABOR AND MISC KS 71,651.00 26,552.88 45,098.12 62.94% LINE MISC 'LABOR AND EXPENSE KS 576,553.00 319,378.99 257,174.01 44.61% STATION LABOR AND EXPENSE KS 423,826.00 247,843.33 175,982.67 41.52% STREET LIGHTING EXPENSE KS 79,519.00 24,897.82 54,621.18 68.69% METER EXPENSE DA 424,973.00 200,161.49 224,811.51 52.90% MISC DISTRIBUTION EXPENSE JD 345,498.00 161,786.19 183,711.81 53.17% METER READING LABOR & EXPENSE DA 66,772.00 40,216.35 26,555.65 39.77% ACCT & COLL LABOR & EXPENSE RF 1,462,217.00 693,508.46 768,708.54 52.57% UNCOLLECTIBLE ACCOUNTS RF 150,000.00 75,492.92 74,507.08 49.67% ENERGY AUDIT EXPENSE JP 1,105,759.00 230,658.37 875,100.63 79.14% ADMIN & GEN SALARIES - VC 776,201.00 395,328.30 380,872.70 49.07% OFFICE SUPPLIES & EXPENSE VC 264,600.00 128,654.12 135,945.88 51.38% OUTSIDE SERVICES VC 398,500.00 147,998.86 250,501.14 62.86% PROPERTY INSURANCE JD 443,150.00 190,293.43 252,856.57 57.06% INJURIES AND DAMAGES JD 60,039.00 29,356.30 30,682.70 51.10% EMPLOYEES PENSIONS & BENEFITS JD 1,093,185.00 553,697.37 539,487.63 49.35% MISC GENERAL EXPENSE VC 223,038.00 81,571.55 141,466.45 63.43% RENT EXPENSE JD 212,000.00 83,638.94 128361.06 - 60.55% ENERGY CONSERVATION JP 0.00 179,971.78 (179,971.78) 100.00% TOTAL OPERATION EXPENSES 8,575,677.00 4,011,198.44 4,564,478.56 53.23% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 1,362.50 1,637.50 54.58% MAINT OF STRUCT AND EQUIPMT KS 158,859.00 37,847.59 - 121,011.31 76.18% MAINT OF LINES - OH KS 1,060,849.00 524,778.36 536,070.64 50.53% MAINT OF LINES - UG KS 144,228.00 78,099.03 66,128.97 45.85% MAINT OF LINE TRANSFORMERS KS 93,500.00 138,373.34 (44,873.34) - 47.99% MAINT OF ST LT & SIG SYSTEM JD 9,888.00 (57.13) 9,945.13 100.58% MAINT OF GARAGE AND STOCKROOM JD 625,632.00 248,048.32 377,583.68 60.35% MAINT OF METERS DA 4,863.00 531.31 4,331.69 89.07% MAINT OF GEN PLANT RF 116,100.00 46,763.22 69,336.78 59.72% TOTAL MAINTENANCE EXPENSES 2,216,919.00 1,075,746.64 1,141,172.36 51.48% DEPRECIATION EXPENSE RF 3,390,000.00 1,680,634.68 1,709,365.32 50.42% ** PURCHASED POWER FUEL EXPENSE JP 40,893,477.00 21,257,529.68 19,635,947.32 48.02% VOLUNTARY PAYMENTS TO TOWNS RF 1,254,000.00 626,746.00 627,254.00 50.02% TOTAL OPERATING EXPENSES 42,712,426.69 48.62% 83,124,324.00 40,411,897.31 ** REFORECASTED AS OF 12/31/09 (128) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 12/31/09 PROFESSIONAL SERVICES BY PROJECT TOTAL 147,998.86 228,016.00 (80,017.14) PROFESSIONAL SERVICES BY VENDOR ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 29,750.00 33,000.00 (3,250.00) 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 0.00 5,000.00 (51000.00) 3 IT CONSULTING ACCOUNTING 666.85 10,000.00 (10,000.00) 4 LEGAL- FERC /ISO ISSUES ENERGY SERVICE 0.00 25,002.00 (25,002.00) 5 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 28,773.25 25,002.00 3,771.25 6 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 25,002.00 (25,002.00) 7 NERC COMPLIANCE E & 0 2,943.75 4,998.00 (2,054.25) 8 ENGINEERING STUDIES ENGINEERING 876.57 7,500.00 (6,623.43) 9 LEGAL SERVICES- GENERAL GM 55,650.81 25,002.00 30,648.81 10 LEGAL SERVICES - ARBITRATION HR 16,830.16 0.00 16,830.16 11 LEGAL GENERAL HR 5,369.38 19,998.00 (14,628.62) 12 LEGAL SERVICES - UNION CONTRACT HR 5,304.94 22,500.00 (17,195.06) 13 LEGAL GENERAL BLDG. MAINT. 0.00 750.00 (750.00) 14 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 2,502.00 (2,502.00) 15 ENVIRONMENTAL BLDG. MAINT. 0.00 2,502.00 (2,502.00) 16 ENGINEERING SERVICES BLDG. MAINT. 0.00 4,260.00 (4,260.00) 17 LEGAL GEN. BENEFIT 0.00 4,998.00 (4,998.00) 18 PROPERTY APPRAISAL GEN. BENEFIT 2,500.00 10,000.00 (7,500.00) TOTAL 147,998.86 228,016.00 (80,017.14) PROFESSIONAL SERVICES BY VENDOR (13) ACTUAL CHOATE HALL AND STEWART 26,404.48 PLM ELECTRIC 876.57 UTILITY SERVICE 2,943.75 DUNCAN AND ALLEN 21,743.99 MELANSON REATH AND COMPANY 35,965.23 KATHLEEN GOOD - ARBITRATOR 300.00 HEALTH RESOURCES 200.00 GARRY WOOTERS- ARBITRATOR 600.00 ROMARKE INSURANCE BRODERAGE 2,500.00 MASSACHUSETTS MUNICIPAL WHOLESALE 666.85 RUBIN AND RUDMAN 55,797.99 TOTAL 147,998.86 (13) m 0 O N o a W W U U A 7 W y E W W C7 Q Pa o W H a W a a 0 w off° off° 0 0 off° 0 off° 0 \° W r- " w M m r- M N r` v m �i M N ri O U I a O M N; M ; N ;-I O 0 W 1 OD 1 O OD 1 1 OD 00 E W �W7 t^ OD v r sN m N r H ri H I r� W W w a .+ m o o r m M m o .-I V OD o 10 <n o m OD M 1 M 1 li 0 OD 1 H . . H . W O m m m N r` li �M N 0 q OD 1D -0 ep cA 00 N O to w w O W H W W WW m w a H H f1I u VJ O 2 ri N " %D OD r- r- 00 to H m to N N M N m rl r, N ei M V< <D M tD sM Ifi Itl U1 co m a-I r- in N O ti O «h. m M 0 ei O O %D U1 N M sN Ln O N 00 Um R,` ri N cp OD H N dl w z 0 H E W �W7 W r� W W w a o z 0 w w m H (� W N �a z H rwn w w w O W H W W WW m w a H H f1I u VJ O 2 ap A W W 0 W m a 04 W E H a O a W m O N H M W W m ri w W �zQ 1H H W W WWWW O Q O (a H a �Wa w H H z W R �o L N C7 r r N 0 0 0 0 0 0 0 % E3 SJ Oi O EI W M �-1 O n R7.C� Inobrw. -+o n E �e orbneNO I U H I I H I H y I I 1 a o s e e s a e m W b W N O H b O r M N b W m n mNbmmbm en H N W H m H W t I i I H I h eM u) m N n b m n ex tV In N h 01 M �0 O O O t� O b H O1 m O O M m m W M 01 n m W ul n m 0 0 0 M 0 N 01 b W r eM ri a1 00 tp 0 0 0 H H h h m O 0 0 0 N I N N b H 1 b b m N h I N I h CD 0 0 0 0 0 I i I 1 I I 1 1 H H H H H 1 1 1 1 1 m m o m 0" W O m O O O N" W o M O N N O N at O a1 O M O h W N O N b N m N n N ell O m O H N o m h Ill O O H m O M O n 0 0 0 N 0 b O m b b O1 W H O Qt N H m O N WO O ep '!b a1 b m N W Ill 1 b" m n 1 ill 1 1 O m O O m b M m H W 1 m ID N H N m N 'i n N" V W m ID N N h �q H O N N O O b m b m O W Vi n h N v M 1-1 F O Ill N H rq H b N ei ri H H b N W N Ill tYl W N 'i N N l-i ei ei O O h '0 M eA O H W W H N W N h a1 m m h" 0 a m b m m ep O N H co r m 0 0 0 h 0 O O W a H H m Ol H W sit eP al H 1 m to m m h 'er to O m H O m O O m a1 v Ot H afi h in N m a N ei N Qt ' l0 01 1 N ri In In W b M M 1 It b M 1 1- lD N Ill 1 M In VI In m H N y N w W CD N N V o H h co O ri ep n m to In N O W 0 0 0 0 0 u) N N N M M N M I t," H eM H N n �i Ot Qt T a1 at Qt Q1 {Q a N N ri N ri C7 I 1 1 1 1 I I M O ID O 01 m 0 h H 01 0 h h 0 O r m M b N O M b W m M M N er b al O O O h 0 M N M m w H eM b m ep W m N N b O r m er n m H Ill m a1 n b W M U 01 N m N M O " H H r N O b W m r b M O M ep m O H H Q ... ... ._. n N H ef' m N 1y a m to h rl m H 0 0 a1 O N O O h m N b b b W 0 O1 n W in o ep m W rf m e-i b N W a1 N m m O o 0 01 O m m O O m m H m m m N N W r 0 m O m h O co O N 01 D1 O H M' sp m ell W H H M M O N 01 1 b W b W H Cl o m It N 1 H m r N H v eN m H H H m eh N m m m N N M et' H M N" N N In O H O H O O b n m in Ill n H O ell n" b m 0 m v W m b 01 b b u1 N O b O O O m 0 U) m m n 0 b 01 b M N In N co N W H b b b M W H M m O m b a1 O H H 01 M "' 'd N O b m H— H N N N m N m b N O T r N b W n U m m N.. H N O m' m H N H r m N b N H H H H eN N H N N O H ef• b m O N M O O N 01 N O of n V1 N m N 01 eM 01 " N O N N m H O m 0 0 0 01 O n H In W -n N W m 0 N'al' O N Ch v eN m. O elt m 01 N r N m" n H a H 1 N" n H! % m (h N .. etl. N 1 m m N Cl M a1 b O H O 01 m H m .H.. n H v H co ID H v 01 m co m H H H m H h -P m N H m m N b N H H b 00 0 eN H O M W H O r N ul n b h H M O h m a1 N Ol m h !n h h m a1 W 0 0 0 N O H H m M N v m m O h M N H N O O N r 01 m m H m 0 10 tT eN N Ly O M O n Hen H N N m m N D OZ 01 O Hm n r b b h M m H H `- v v v sM H H ell H O N M N M H v W H N W N M m m N N H H e)t O O O H O O M b N O in 0 m O H n co ri 00 H eM dI m 300 eX m N O O H O O o r 0 m b Ln N W N M W eM b m M 01 N N 0 b e} Hj Ln N M N H v N tD m b N V1 N N b O W co to Ln hp t^ tD al .-i ri h a to ri � N m m a o a o w a D E vi C4 C7 ai ,W7., C. O m U W W yE O U W W W W aa�a�Q�" aaaaUUQ O 0 H W H m U O O W a H H m nWo oo H N O M b O m 0 0 0 0 0 0 0 NWT b H N M In b 0 0 H H O H H O H H 0 0 0 0 0 0 0 H H H H H O O F I I I 1 I I t u1 Q 0 0 0 0 0 u) N N N M M N M I H H ri In m 'W W m W N N 1 Ot Qt T a1 at Qt Q1 {Q a ut m m m N u) Ql m� N m m !n m C7 I 1 1 1 1 I I IQq rFcW,. m m m N m m m m H b b b b b -b b I I I I I I i Is H H H H H H H W O O o 0 0 0 0 W O O O o 0 0 0 H HH1 A m U' tm YaE M xU' lHC ww 2 a O E 2 y al a H W 7. f��1 � z 2 ED a s W H a a a MHO aO 0 m H H H H H p 0 O W E a W m m `� OW 9E a 0W O D M oW m M D om afx "owofGOwapi4o W Naowm a Q W a a u E a a u H E.a a v H a a U U 01 H 01 M 01 H N b O H N b O 01 H N b at H N b O H H H H H H H H O H H H H H H H H H H H H O F 1 1 1 1 1 1 1 1 I I I I I I I I I I I I I I m H H H In m m m M M m m m m m c m b b b b H b m W m m m m m m m m m 01 m 01 al O m to m m N I b N m m ul m m m N N m Ill W m m N m m m m In ul a1 b m ul ul ul m N N t(1 N m m m In m M m u1. ul m m m m I I I I I I I I I i l l l i l l l i i l i l m b b b b b b b b b tD b b m b b b b b b b b b b b b b b b b b b I,D b b h b b b b b b b b b H H H H H H H H H H H H H H H H H H H H H H H A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 l� d E a O a �a W ON o H N H CAF cE r) �zQ O W O QO (] H iC W N �Za W H :E o ¢ o L N N tn O O m In rn U N 1 QIn H M O O R rn N H y M M r z ~" M O O M m M O an H Il) O O V � H a m o W � H N N b M1 O m H In H N O O N p O an M O ,y tD N rC`'j m H 0 0 0 0 0 0 0 inbrnoDlo N m h N 0 an O H O N m O b 0 N -0 N O M O 1 1 1 H H H O r N 0 H N N O b O O an b b O M N O m N rn b N N N h O rn H M N rn O v O H 0 an m m b n tD h m M h H v H minbomo N O h m N N s H 1D N b O O rn O N M M to b W C11 rnanm0m0 OD O rn r In H o N ornanopa 0 0 0 b h N a M o H N o m o O N O M N rn N v N O V1 N A N O H o H H N b b v N 0 0 0 0 0 0 N O O H b z t�'vona � rmmrrn.nrm000 o r M an m a4 rn O O N N O H In h rn m rn rn O O O m H N b M H tD .N O yl h N m H r n aX W O rn N O E.1 b o an rn H � N rl M In N of 00100 O r h tn O O m In rn U N 1 QIn H M O O R rn N H y M M r z ~" M O O M m M O an H Il) O O V � H a m o W � H N N b M1 O m H In H N O O N p O an M O ,y tD N rC`'j m H 0 0 0 0 0 0 0 inbrnoDlo N m h N 0 an O H O N m O b 0 N -0 N O M O 1 1 1 H H H O r N 0 H N N O b O O an b b O M N O m N rn b N N N h O rn H M N rn O v O H 0 an m m b n tD h m M h H v H minbomo N O h m N N s H 1D N b O O rn O N M M to b W C11 rnanm0m0 OD O rn r In H o N ornanopa 0 0 0 b h N a M o H N o m o O N O M N rn N v N O V1 N A N O H o H H N b b v N 0 0 0 0 0 0 N O O H b N M b rmmrrn.nrm000 o r M an m a4 rn O O N N O H In h rn m rn rn O O O m H N b M H tD .N O yl N W V1 an M b� N b O O O n aX I N h M H rn O ap tn O O m In rn U N 1 QIn H M O O R rn N H y M M r z ~" M O O M m M O an H Il) O O V � H a m o W � H N N b M1 O m H In H N O O N p O an M O ,y tD N rC`'j m H 0 0 0 0 0 0 0 inbrnoDlo N m h N 0 an O H O N m O b 0 N -0 N O M O 1 1 1 H H H O r N 0 H N N O b O O an b b O M N O m N rn b N N N h O rn H M N rn O v O H 0 an m m b n tD h m M h H v H minbomo N O h m N N s H 1D N b O O rn O N M M to b W C11 rnanm0m0 OD O rn r In H o N ornanopa 0 0 0 b h N a M o H N o m o O N O M N rn N v N O V1 N A N O H o H H N b b v N 0 0 0 0 0 0 �rnbNmnoar b rmmrrn.nrm000 o r M an m a4 rn O O N N O H In h rn m rn rn O O O m H N b M H tD .N O yl N W V1 an M b� N b O O O n aX I N h M H rn O ap H T M h rn m eP rn aM 0 0 0 M 1 H 1 H H I I I I I I 1 H H I H H H I 1 1 1 o a N of 00100 O r h O 110 m O h N N b N W 10 n O M M m N O O b O m m m" O W O n m m b O 1 n h C H b M O x o a s a N 1 rn aM N M r 0 H N" In m N N M b O h H an h M b b M H b H H m O M M b N a W H W H CD M rn O rn h !n m N �nO.naNNanbm wrinmMw. -I In N an N m 0 H N h r- 14 b M O m W m N rn h h H rn 14 " N b M rn m M m v M N b m H V1 h rn r O M W ail MC y1 a b M N N H b m P H b O b H to n In H aN M N 1nMbrnn Hti N H N rn b b N b rn 0 H b n b [r m m b m M b .b In at H N b in M H b O M M V O m an n nHn torn M vh b an" rn N N H b O m M n 0 in m h O M b b M N O H v H H N H in dl h in an N M H O O O aHrnornW rM H H r" M In M 1n In H Hvm M M O aM H O M rn n 0 0 0 0 N H H b H O v M b an M H co O H H O M d1 " O O O O OD H H an tD rn m H v 1 r m D In H p h H N O p O O O m m N O H N M v b H O N O N O b tn 0 0 0 0 co oHmin b an M v N o b H H an O m D N a 0 0 0 0 O b m� bmat, Han Her h M H; m O b m h H O O O m O.an O b rn M rn VI H V O N v h N f0 rn a W H H a a a W o a H v°i a o x o a s a WO(� O W UUW WOD� E. 5 W U O CCr9� COi1 WUW Eaa W H W E E v� I E O E UOi a W H tno a O W z a ° H ao W aoao a v a aE a a A U V °Wxw H�aH�aO awWa u o0 oaaau w a° a u � wax H N N b L ' 0 0 0 0 H U rn H N M b...O 000000 rn H ON H N M m b 0 0 0 0 0 0 0 0 r $ rn H N M In b o rn H N O 0 0 0 0 0 0 0 0 0 0 0 ry' H H H H QEQ H H ri H. H H o offo H H H H H H H H QEQ H H H H H H o H H H o offo qH N N N N ['1 b t0 b b b H b H H N N N N N N E 0 0 0 0 0 0 In h h O O O O rn rn m rn I (Q U- W W m W Cl N in In N N to 0 I (wp m W W m m W W m m In In to N In In In i {� rn rn m m m m rn m m rn N N m N N N m In N N Ill 0 i H po W !n N N I 1 1 1 a 0 0 0 0 W co `J W a m In N In h N 1 1 1 1 1 1 h n n r h h �J W zi O H b N in h In in In m 1 1 1 1 1 1 1 1 W m CO CO m m M m ^� N N b h m W to W In N N to i I I 1 1 1 I I 1 I i m W CO CO CO m m m m m m �1 Co m' CO W H I 1 1 1 W E tD to b b b b 1 1 1 1 1 1 E b b b b b b b b 1 1 1 b tD b b b b b b b 10 b W H H H H jsj H H H H H H E 1 1 1 1 1 H H H H H H H H 1 1 I 1 I 1 1 1 1 1 1 H H H H H H H H H H H o F. 0 0 0 0 0 0 to 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c9 N f0 E O a O1 O N W H M W F W W W '2 H o H A H ° Q a W W (ah H {N w 0 N M .- r N aO p W n O In H N O (1 O O -0 [1 O b N n O O ll N D O1 M O -0 O n b M in h O oD N W H n W O Ol O O M 01 01 eX �0 M O N1 M H O O M O 1fl O H O D) all N O O h 0 0 ul Itl N O H Ey U (aa�ii H 1 I I O O N n O 1!1 H H i H H I 1 O n I H n H I I I 1 1 I H Ot 1 01 1 1 I q y I I I M O O W O O l am - N 0 0 0 " 0 0 0 m 00 0 0 00 O 0 0 0 0" O H O N O h 0 m O O ul h b O O O H co n m 0 0 0 Ill O co o O O m" ttl N O b O [y N h C 0 u) H O ul N b O N 01 01 ep 0 0 0 0 M O O N M ap n m N V) 1f1 (W� p E u) N O O 0) m N" to N H H h N N H O H tD N co t0 " u) h h m v m H h () A 01 W) h (N aN m H H u) m m N O) H all n nn N N 1 b O i I H H M sM 01 O O 0) b O OD cc N M 0 m" M H O 0) alt m o n u1 t0 N ul tD to h u) m m H N W ul to O) h aM 0 01 b b 01 W n'o N b M aM " m e!t b N co W al If1 O N h M O Vl al b eN N M H b 01 h Ill H b h O 1 sM aY N n b O1 N N ap co co ul v H N h a) m " H H b H b O b OD m ar H h N N H m N M N H a7 N w N O N (1 H tD b O m O ett H H M aM u) O O dl 01 O co M O O h a) O M OD OD all O N H 01 of 01 b b 0 m 00 h 0 H b N h N N co ID N 01 u1 M u) b N aM M H O" M N O M H U 0) M m b M H N 01 N N h N eN N' elt H N N N H eA h QH a1 M ap co u) v N to H H M b M O alt b N eP V W N H N b to •.- H to u) t0 OD 0 m w in N H H N n ait 00 M CD O I!) m 00 b N o 0 o It) m o o OD H O H b O m M cc (n o " b N n th n H O W O m co (n 0) O H O O m N b N al y at m N 01 M N v N 1t7 C m O 0) H 01 N M H In o N N ell b 0) tD n CD " 01 N m O H H N M eM H Ln M a4 W 0 0 o N N H H in n O) O O H m C. m m 00 0 H O O n m 0 O O a} H H alt b O H M O M M M O b O (n u) u) b b alt In CO h OD O OD N 0 H m (,1 O 6 0 0) N Ot m co all H UIt; ° h H N ul 1 N" 1 u) H h H N m O 01 M N 0 h Ln H If) N N O h i eq H N O N N N h m H to m H of co 0 0 N H H n in al n Ch N u) co in m 0 M !n co h t0 O O b N m co ei N eft ID b O H m 'd N N O n co m d m 0) M O M In o O N 0 ap O OD aM 0 0 M - O N In O Ol W N b N H ul H v v O O1 1 O H M H N N N N H a>t W tN-1 H M tV r H N N M H N N h u) Vt W O co h to N H H N n O O O to H O h H 00 H ap O O m H h o OD Ol O N N b 0 h o O N N 0 n O b 0 0 H 1 h v W! H co O) 0) m Ol W O O h N N N N tT b m 0 H O m m H m a N H V N O to H , M h W 10 eA H h O elt H In N N H 1 O eft H N m b H H M m N h ap H In M ap OD O CD n a N H H u) n h O O H H 0 01 m o O b H 0 0 0 co N 0 0 H a1 O N tO o a In N (N v 'o m N O h 0) b O In b O 0) n N O OD C 0 0 N N N h In O OD N H v ul N O ay N h H In m N N H H 10 b M O) M H to N N e► C H ul u1 O alt H N N O b N m H et N m N O W n n N H H b 0 H V1 qq q D W H H G o W U W C r- O c°O kak ° N z 4 4 a 2 A m z� ay� E ay� W� w ° ww �° N`�a H as °aWdWEaa a. o u�j W W WW D: o up w w WgWz W N WW W o u w o m a. q Q) m a a A U p U U a C� b a u H �r�l lHi HQ 0 o w a mE N a a A 1H-7 W Ia-1 °° a a A H E � 2 t5 a 7. H p p w u W x m u w R R D> a w m o 0 w w m a o w a° o A a o ff a s al In 0 N M 0 O O '�' H H H N M It) b O) O O 00000000 a r-0 H N m N O o 000000 a .0 m O O O O O O H at 00000000 rr; .0.1.�10.1.H00 Ei E H H H H H H o o E H H H H o o H ] o 0 0 0 0 o H H H I I 1 I I I 0 0 0 0 N. N QF 1 W fn O O O O o 0 0 N [Q� �^s� °j QE H [-1 m 0) a) O) 0) 01 In In u) Ln m to a 01 m m m m m m Of N N N i (q `J H O O O O M N O) 01 a) a1 01 Ol In to to to m to I pj D R: a O O H N N N N M ep dt dt p alt 0) 01 In to In Ln in In In u) 1 W D ° E O .I I I I 01 01 m 0) 0) 0) In u) u) Ol N to o t N N N N N N N N (D tD ) H H H H H H W I I I I I h n h h h h h n (fj f't b b b b b b w W b b b tD b to U h n h h h h N tf1 U H H H H H H .�j H H H H H H H H N H I I I i I I H H H H H H b H I I I I I I I I H H H H H H H H a' 0 cc 0 0 0 U 0 0 0 0 0 0 0 0 }y' 0 0 0 0 0 0 `y 0 0 0'0 O O O O (� F a o m w O N W m a � Q � w Q w Z Hq O 2 H w H A > 0 H F{ Qa a H a. a o H W �i k1 O Q O � N 0 0 0 0 0 0 0 0 0 0 o° �sj t0 O In 'i M N dl M O O N (�7.Ji I[1 O lD O M ei 01 M O ei M eo tD O m M M� N H O H m H H onmm. -I I mN 1 V� H 11 i I 1 I 1 H O N W W <0 b N O N W W H O iT ON m ar m 0 0 h ((E � MInIn<rmhNaeno tD p �! E Vii N H N M -0 H O 10 N i!1 rl 01 �1 m O m m O M w h o m N In in N M lD H b Eo dl N m N IMn m U E H m " 0 0 0 0 m m tD O h N m Cl In tD M O O O O m N h 0 VI M tD N a m r.n m U VI M In �P N Q m H tD O H M O H O O In m W O H M N N In b m O W O O O o m H N O N omo to O m O m N to ' m m M 1 h H m M N ... h N H In d M m o o o o h o W H M m H " 0 0 0 0 m m tD O h N m Cl In tD F m M tD N m VO In ri m h M In to H N 114 H W O O O In m W O H M N N In b m O a .x omo 0 m V h O N H Vl W M N ... H H N o m o o o o h o W H N ID m tD ep O 1 1 m m H - r M M In H M O H O O O VI VI O tD H O N tp O sp N N O O In aM !n rl M M M M W H W rn W W U O wW�77 H H A �aG 11 0 11 C7 'aJ H W H ttl WWI 7. w W] H a s {Hz a IMn o{q H w w w[� W i7 W U E r7 0 w w O W iZ-IhH w H HoMln0000mo W0 0 0 0 0 0 0 0 0 0 Z H o H H o 0 0 o H o H W O H O O M V N b O H H p] N N M M N N N N M M I m m m m m m m m m m w In If1 N In N N O N h N I I I I I I 1 1 1 1 W M M M M 1n M M M M m to Itl In m N m N In N I i l l l l l l l l W H H H H H H H H H C7 0000000000 ° \° VI h H O W N O co N W Ln h h O m H N N VI N O m H M m dt VI 1 1 1 I H H I 1 or000� (o N m O O H W (nomootD H m M H W O v N m M H v O W H in W" inHNhmM H W w H m m N VI to N m It1 O D m O O N O n a m n tDM o0 VI to H H H O M co O m co O eP W b w m m h m H N lD M N N o nrinoN o V W h H N H W M It ID O M O W Vt O H M O HtDm htX W N m H V W V• H V O O eY O h H Go O eM •N M W H l0 Ifi H H O M co O N H O tp H N m O H CO ap H H n M t M N W a VW C O z 11144 H z wo�H0HH a r4 r) woowa °a Hw�� Z M H N M M W H 0 O H 1 -1 H 1.1 H W r 11 H El m�m��,a OIn N In N to `a W V I I I O M M M M M ID t0 ID b t0 I i l H H H H H ' 0 0 0 00 0 0 0 0 \ o° O O H O O m o tD 1- o W m O N tD O N H O H ID O M N H H 1 i 1 i H n tD O O h H W ID O In H O M t0 O m m O N H H N h H tD H M H N M N m b h H H H I O m H O h H n H 1 W N co m N H M O In M O O OD N h O 1n N H H O M W o m N V H M m b 0 1n vi H H O a N O h h N W N h n M N v H M o h W o 0 N O VI m H W O H b H M O h M O m OD n w W M h n N N o° o° 0 o\° to m O O M O h W M h N 0 Ifl W O N M n M O O N b O b t0 m H I or<nom I 1 I H I I M I otD W 0000 a o oomino W In m co minmomvlr h M N m H H h N m N M h N H H V mlnomh0w 00 W W N •p H N m m m M H � N h 0 0 H O O O H In m tD N M O M h m o o w O o In m m M H N " W o w w o o mm w m b O W M O N H m 0 0" O O H to u1 h h tD M N H H O M h O W h N N O N h In N m M H N H N O O M O O h n N O M to H H 114 H a o w o W H O N H Vl W tD b W k O U w H ai 0 W W wawW H wooww o ww ooU wrm 0 o0000rio 00000 H O H H H H Ho H H H H H H o QFQ M N N N N E m m' m N M M M M in In In in M {Iq �Wj FC m m m m W W N In- u1 it1 In In u1 vt I N Q E4 A �nW FMHai 0000000 LD a tD tD tD tD tD W to to t0 tD t0 tD to H I I I I `a H H H H 2' H H H H H H H R (1:1) O E a 0 �a ai �H (Y� H >a (qW P U P� W q rH H Q Q a o W H W pQ4 W L' ` O M r N O Q H N y co H m O 0) m m N O N O O M O e11 O h cc H 00 0 O Uf U1 in H m m r m N OD l0 w N r H eM sp O h h U) UI CD W W H N H N v sM N e>t U) N H h M N H H H Q n h VI (71 U) N m H H H H N w to N r N .0 N W H co m O O h U) N O O O O N 0 0 0 O O O U) m H m H r CO O H W H Ln U) M m t0 Ln H in 9 tD r N a m n m +- N m m ID o tD 7. m n .x H of eM .p N n to ri H H M H H N W ID m m O H H O e!t O 1D O W H O -W -O m co m O O O O O O O " co CO r -0 H OD N V M M U) r m H to to Ul E U) N N O 1D r n " m h h H h to to h U O DD H 'M ao m N a ID r 7V N N 0 H d H V� O.4 m b Ul m O m O m -Y M W Cl h 00 in N O m H w W O U) r m r h m N a m m to co to H W to H co O to to H Wh m" N N N m b m H sll N N U) OD W h m N v V m m H~ H m U) d H H H H n N N H H Uf tD O h o O h h 0 to Ul o o OD m O H 0 0 " O O O O O O m I- H m H H O N r N N h m m O a I- H. m m m N M H H H h H o O H a' 'm-I VI VI v N H 1 H H Co % H UI t0 V O O a H M h 0 0 to O r m m O m 0 0 n 0 0 0 O o O m co tD ID m h OD M m m b in O O co H m U) O r M N m r h in N N H k IH 'W v N W m Ul N DD N N O� m m W U W U W k�] (w(rr]] O�j N W 4 m ee (O(rrd� W 2 E 0) E W Ll U o N a. W A E H I in Rai w H iG O H poi ff fu �m U H U) o H m w a U m o ff U n a o o U U rE W p W H W�' W p W p H Q w H W 0 H H a .7 O o w H D m O o w m H H Q w m Hx 2 r1 W H O O m Ln m I.a I� H O m M U1 '�' H N m Rai m 10-1 0 0 r0i r0i 10-1 EhEO' UCb r01 0 0 10-1 rl e0-I rEp�i 1.7 roi o .p-1 .p-I .p-I EOi X0-1 .o-I H- LCti rpi F �7 004 io 0o E Q or 100o H o yo0o E 000 E+ o E rG N N N m m M 1 m N N N M M m I N N N m m m I N N m 1 m m I E m m m m m m ((ssjj m m m m m m W E m m m m m m m m ((�� In m fA O U) to Ul U) m ,n fY Ul N U) Ui UI N p H M U) Ill U) U) 0 tiD in in U1 .7 U) h. E I 1 1 I I I m I I I I 11 m 1 1 1 1 1 m U) I 11 m 1 m H H H H H H N N N N N N .1 ep .1 "1 .1 b .1 ID Q O) U) m m m to UI m m U) U) U) U) m U) Uf N N a) a) Ln /µ�' U) I I 1 I I I 1 1 1 1 I I 1 1 1 1 1 I I I I W H H H H H H H H H H H H O H H H H H H H ri O H L7 O O O O O O p o o p O O U o 0 0 0 o U 0 0 0 W O C7 N Ln a r1 W O O m (A m ep N O O to O OD U) m O a as m m O h 0 W m m m O N W W N c co O OP^ U U) r 171 r H m N N b b N N O N N N i i O N O m b b U1 O n M M U1 U Ul H PQ O N H N b 10 VI N N H H m m OO m m m m m O N O h O O H O O m m m m m v tD N co I r H H m m m H in H H O O N O H H m O 1 m m U1 I Ill 1 U I I ID OD N O m •N O OD H O O O Ui O V V N N O O O O m m m 0 0 O OD O O O m F m m V O O m H I Ill m O m O r N W W H H N h m O O H O Ill l l0 ill L Ln y1 W Q l lO N 1 1 1 ID O O Ol H O '0 Ill N N O O1 N O N N N N ID m W W n h h H j IFj H H H in Ill r N m m N N -0 N O OD t t0 n N N N " n n O Ol «5'H� j N fV H H t0 " H H N N 0 0 H H H N H H H V V Ili h H H O m O O O OD " O rI i O O O O O N O O N N- N O m H H O O O h m r Ill 10 H VI m m " w O m W b b b m m m is h h �M tD i.0 OD m m m O N U) N n n U U1 m IN O O N 1 U Ul a m m to �yy F U U) Ul ri U U) r rl U N O m m m m W U W U W k�] (w(rr]] O�j N W 4 m ee (O(rrd� W 2 E 0) E W Ll U o N a. W A E H I in Rai w H iG O H poi ff fu �m U H U) o H m w a U m o ff U n a o o U U rE W p W H W�' W p W p H Q w H W 0 H H a .7 O o w H D m O o w m H H Q w m Hx 2 r1 W H O O m Ln m I.a I� H O m M U1 '�' H N m Rai m 10-1 0 0 r0i r0i 10-1 EhEO' UCb r01 0 0 10-1 rl e0-I rEp�i 1.7 roi o .p-1 .p-I .p-I EOi X0-1 .o-I H- LCti rpi F �7 004 io 0o E Q or 100o H o yo0o E 000 E+ o E rG N N N m m M 1 m N N N M M m I N N N m m m I N N m 1 m m I E m m m m m m ((ssjj m m m m m m W E m m m m m m m m ((�� In m fA O U) to Ul U) m ,n fY Ul N U) Ui UI N p H M U) Ill U) U) 0 tiD in in U1 .7 U) h. E I 1 1 I I I m I I I I 11 m 1 1 1 1 1 m U) I 11 m 1 m H H H H H H N N N N N N .1 ep .1 "1 .1 b .1 ID Q O) U) m m m to UI m m U) U) U) U) m U) Uf N N a) a) Ln /µ�' U) I I 1 I I I 1 1 1 1 I I 1 1 1 1 1 I I I I W H H H H H H H H H H H H O H H H H H H H ri O H L7 O O O O O O p o o p O O U o 0 0 0 o U 0 0 0 W O C7 N Ln a N Ln a 0 0 0 0 0 0 0 0 0 0 off° W " n N 0 m 10 N o v m " U w n w 0 N w M O n e-1 OD 11 H o \° OD N O m w M O O N E a 1 I ri 1 i I rV I I � I I P W O O N N w w m w r E m V 0 0 m o r-I m m m AH� m U1 M U1 N 1 O 1 VI 1 ✓I EO m U7 4 N m M O N" r1 11 r e-1 •-1 b N W E N H H -- N n O O M M O O W M w m" P c o O O r w n N W N r In O n" A wwm n ro1o1 E C7FH�� N n N w OD Ln � j" H N N r — w N Nd rn r M N T e c w m" P c o O O r w ""inm o 00 U N m 1 1 vLOxao4H q Nd rn r M In N E W z a � y o aawIxaa a w Ix 0 04 o w m o o Ln w o o Ln rl N In n W Ln WWi O N n w w 10 m O HH L7 a Q a U U U U o z ri fn tD " Ln M II N o TOJ W �7 w b4 O H � H W M W � 0 0 0 y U 01 co U b 0 0 W E w to sp 1 w n E �G 0 OD M M M to M q� D U W N N ri 'i E Q P4 A W m a% m m m m m m m m m m m m O m 0) u1 ut U7 Ln Ln N In in ut In E 0 0 0 H -z U' m to 41 n 0 v � IM H a O n ri eM U) O N r m n m v m M H Q W Ir7 ew-1 ,N-i Q o w O 0 W H u a H W O m n r 0 o to 0 o b a t-1 M m M to n M N m N r m w m m m r, a W O d O O U1 O ei 00 0 r -W N m N n r� In M to n O M C11 H T e c a acnw vLOxao4H a 0 X w U a 0 W z a � y o aawIxaa w Ix 0m2mmzz V U Ln HH L7 a Q a U U U n o TOJ W �7 w b4 O W W O m O O N M N U P 0 O 0 O O O o 0 0 0 0 0 H O ci .-1 .-i O O cM cN UI IL1 ai I 1 I 1 I I I 1 I I b O l0 W 'i M lD l0 1p to W N N ri 'i E W m a% m m m m m m m m m m m m O m 0) u1 ut U7 Ln Ln N In in ut In E U' Ln 177 Itl U1 U7 in 111 U1 U7 N rr- rrnrlrn n r 11 � I ri 1 1 I 1 I ri I 1 ri������ �p W o00000000o C7 Q o O N Cl) .- N T e c RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 12/31/09 GROSS DATE CHARGES REVENUES Jun -09 MONTHLY TOTAL Jul -09 4,071,238.32 3,748,077.09 Aug -09 4,051,360.93 4,269,717.20 Sep -09 2,973,452.04 4,335,754.22 Oct -09 3,206,685.71 3,559,022.94 Nov -09 2,990,338.70 3,187,560.34 Dec -09 3,964,453.98 3,177,509.05 MONTHLY TOTAL PASNY CREDIT DEFERRED DEFERRED 1,739,394.25 (3,440.16) (326,601.39) 1,412,792.86 (35,903.32) 182,452.95 1,595,245.81 (31,274.85) 1,331,027.33 2,926,273.14 (41,650.59) 310,686.64 3,236,959.78 (68,908.75) 128,312.89 3,365,272.67 (29,048.13) (815,993.06) 2,549,279.61 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2010 ACTUAL 10 BUD JUL AUG SEP OCT NOV DEC TOTAL 09 09 09 09 09 09 GENERAL 14AN GER GENERAL MANAGER 2 2 2 2 2 2 2 HUMAN RESOURCES 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 TOTAL 5 5 5 5 5 5 5 RTT._STNk'.._q S ACCOUNTING 2 2 2 2 2 2 2 CUSTOMER SERVICE 9 9 9 9 9 9 9 MGMT INFORMATION SYS 6 6 6 6 6 6 6 MISCELLANEOUS 1 1 1 1 1 1 1 TOTAL 18 18 18 18 18 18 18 ENCTNT'+.ERTNG k OPERATIONS 2 2 2 2 2 2 2 AGM E &O ENGINEERING 5 5 5 5 5 5 5 LINE 20 18 18 19 19 19 19 METER 7 7 7 7 7 7 7 STATION 9 9 9 9 9 9 9 TOTAL 43 41 41 42 42 42 42 PROJECT BUILDING 2 2 2 2 2 2 2 GENERAL BENEFITS 2 2 2 2 2 2 2 TRANSPORTATION 0 0 0 0 0 0 0 MATERIALS MGMT 4 4 4 4 4 4 4 TOTAL 8 8 8 8 8 8 8 RNERGIV SERVICES ENERGY SERVICES 6 6 6 6 6 6 6 TOTAL 6 6 6 6 6 6 6 RMLD TOTAL 80 78 78 79 79 79 79 CONTRACTORS UG LINE 2 2 2 2 2 2 2 TOTAL 2 2 2 2 2 2 2 GRAND TOTAL 82 80 80 81 81 81 81 fr._, T- w m j F- C5 6 6 cr IT " T N i �a . 0 �!�! I I O uL Iq q z O N � clE CT� Nj q Lf� Cf` n� CFj W wo N cT 00. 0 0 C 0 m 0 Ci R. - q CIL ll� li LU M LLI < w W - z w > w a z ui �oj .00 0 0 0 ZO la': w Z z L.- w U z w 0 ZO m 70 ., 'z M, 'u U, L 0 >� W- Z's c) a: ll� C� oz Dee e Deese - p 1p! oi 6 v Oi N I N z Im N clL ll� 1% lz� CC uj U3 Z a w w uj LU c 0 Lu (D LL 0 x Z 0 0 u < cc LLI w w z < z z; Lu LU Iq N zo a cc FLU w z 2 Z 0 Lu Lu 00 �,z 0 0 mA wl 1 . z 0 w 0 0 z L) mwwmm cc W W U) V) Ir m w �: z Z m :a LLJ 0 I'mw 0 Ul �: z "t ct 0. f z 0 W I 0 0) 0 0 Z D < uj LL, 0 IN 0 0 0 0 in 0 0 D. 0 ui vF N C% IrL m M Q IIL q q A -CL zi z -g -g g O N R R R C5 6 6 cr IT " T N O 0 C; 6 ci, z O N � clE CT� Nj q Lf� Cf` n� CFj W wo N cT 00. 0 0 C 0 m 0 Ci R. - q CIL ll� li LU M LLI < w W - z w > w a z ui �oj .00 0 0 0 ZO la': w Z z L.- w U z w 0 ZO m 70 ., 'z M, 'u U, L 0 >� W- Z's c) a: 0 oz Dee e Deese - p 1p! oi 6 v Oi N I N z Im z m 0 za 0 0 L) C5 6 6 cr IT " T N x N clL t-: M o? t2 O fl bII O 0 z O N � clE CT� Nj q Lf� Cf` n� CFj W wo N cT w w In Ci R. - q CIL ll� li LU M LLI < w W - z w > w a z ui �oj wm a. F) x 6 uj LU z z w ox ZO la': w Z z L.- w U z w 0 ZO m 70 ., 'z M, 'u U, L 0 >� W- Z's c) a: 0 oz < Lu z I Z w < - p 1p! < Lu Z, N I N z Im z m 0 za 0 0 L) CC uj U3 Z a w w uj LU c 0 Lu (D LL 0 x Z 0 0 u < cc LLI w w z < z z; Lu LU Z ow zo a cc FLU w z 2 Z 0 Lu Lu 00 �,z 0 0 mA wl 1 . z 0 w 0 0 z L) mwwmm cc W W U) V) Ir m w �: z Z m :a LLJ 0 I'mw 0 Ul �: z "t ct 0. f z 0 W I 0 0) 0 0 Z D < uj LL, 0 0 0 0 x N clL t-: M o? t2 O fl bII mo o 2" uo O 0 z O N 10 0 0 x LU w w w In LU M LLI < w W - z w > w a z ui �oj wm a. F) x 6 uj LU z z w ox W W -M 7.0- la': w Z z L.- w U z w 0 ZO m 70 ., 'z M, 'u U, L 0 >� W- Z's c) a: 0 oz z I Z w < - p a. F x z x 0 W UO 0 Wf- I Lu Uj 2 > Z wc Z, 0 0 z W. . . z Im z m 0 za 0 0 L) CC uj U3 Z a w w uj LU c 0 Lu (D LL 0 x Z 0 0 u < cc LLI w w z < z z; Lu LU Z ow zo a cc FLU w z 2 m � a Z 0 Lu Lu 00 �,z 0 0 x ox z 0 w 0 0 z L) mwwmm cc W W U) V) Ir m w �: z Z m :a LLJ 0 I'mw 0 Ul �: z < 0. f z 0 W I 0 0) 0 0 Z D < uj LL, 0 0 0 0 0 in 0 0 D. 0 ui >� 0 zi zi z mo o 2" uo O N 10 0 0 m Lc� cNL N Pl� Nt qL OL ll� cL Lq It -i Ili No I c Z m m O O P z 0 �_ cc < . p in z 0 0 u u, 9- > s 'o w 0 1 0 a.: 0 "o zo v) w � P g 4 z m w co w < w w Lu w w Q -z m en < S t= -j z m LU cc z w < a 0 (n z E, " < cn a _j OELu w z z 2 � 5 -11 > < 0 w 0 z a: < z 0 m mo o 2" uo To: Vincent Cameron From: Energy Services Date: January 19, 2009 Subject: Purchase Power Summary — November, 2009 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of November 2009. ENERGY The RMLD's total metered load for the month was 53,913,028 kWhs, which was a decrease of 4.30 % compared to November, 2008 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 3,585,656 $4.61 6.64% $16,547 ° 0.55 /o Seabrook 2,161,425 $6.77 4.01% $14,631 0.49% Stonybrook 966,325 $61.03 1.79% $58,977 1.97% Constellation 21,630,000 $69.06 40.08% $1,493,660 49.95% PASNY 1,820,383 $4.92 3.37% $8,956 0.30% ISO Interchange 11,202,072 $34.61 20.76% $388,455 12.99% NEMA Congestion 0 $0.00 0.00% - $8,237 -0.28% Coop Resales 53,450 $132.31 0.10% $7,072 0.24% Stonybrook Peaking 49,181 $211.89 0.09% $10,421 0.35% Integrys 12,330,000 $79.60 22.85% $981,470 ° 32.82/0 Braintree Watson Unit 162,659 $113.03 0.30% $18,386 0.61% Monthly Total 53,961,151 $55.42 100.00% $2,990,339 100.00% Resource ISO DA LMP Settlement RT Net Energy Settlement ISO Interchange (subtotal) 11,202,072 37.69 20.76% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of November, 2009. CAPACITY The RMLD hit a demand of 99,334 kWs, which occurred on November 30, 2009 at 6 pm. The RMLD's monthly UCAP requirement for November 2009 was 251,627 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Source Millstone #3 Seabrook Stonybrook Peaking Stonybrook CC Pasny HQICC ISO -NE Supply Auction Braintree Watson Unit Total Table 3 Table 2 Amount Cost % of Total of Energy of Energy Energy (kWh) ($ /Mwh) 7,904 10,560,683 38.79 19.57% 641,389 65.82 1.19% 11,202,072 37.69 20.76% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of November, 2009. CAPACITY The RMLD hit a demand of 99,334 kWs, which occurred on November 30, 2009 at 6 pm. The RMLD's monthly UCAP requirement for November 2009 was 251,627 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Source Millstone #3 Seabrook Stonybrook Peaking Stonybrook CC Pasny HQICC ISO -NE Supply Auction Braintree Watson Unit Total Table 3 Amount (kWs) Cost ($ /kW- month) Total Cost $ % of Total Cost 4,995 $63.86 $318,990 18.10% 7,904 $62.82 $496,539 28.17% 32,456 $1.67 $54,121 3.07% 50,684 $3.42 $173,280 9.83% 6,327 $1.88 $11,896 0.67% 5,631 $0.00 $25,176 1.43% 132,865 $4.09 $543,214 30.82% 10,765 $12.94 $139,334 7.91% 251,627 $7.00 $1,762,550 100.00% f 'I'F.ANSMISSION The RMLD's total transmission costs for the month of November, 2009 are $547,055. This is a 3.77% decrease from the October 2009 cost of $567,712. In 2008, the transmission costs for the month of November, 2008 were $424,708. Current Month Table 4 Last Year ......... Peak Demand (kW) Resource Energy Capacity Total cost % of Total Cost Millstone #3 $16,547 $318,990 $335,537 7.06% Seabrook $14,631 $496,539 $511,170 10.75% Stonybrook $58,977 $173,280 $232,257 4.89% HQ II $0 $25,176 $25,176 0.53% Constellation $1,493,660 $0 $1,493,660 31.43% PASNY $8,956 $11,896 $20,852 0.44% ISO Interchange $388,455 $543,214 $931,669 19.60% Nema Congestion - $8,237 $0 - $8,237 -0.17% Coop Resales $7,072 $0 $7,072 0.15% Stonybrook Peaking $10,421 $54,121 $64,542 1.36% Integrys $981,470 $0 $981,470 20.65% Braintree Watson Unit $18,386 $139,334 $157,721 3.32% Monthly Total $2,990,339 $1,762,550 $4,752,889 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. 'I'F.ANSMISSION The RMLD's total transmission costs for the month of November, 2009 are $547,055. This is a 3.77% decrease from the October 2009 cost of $567,712. In 2008, the transmission costs for the month of November, 2008 were $424,708. Current Month Last Month Last Year ......... Peak Demand (kW) .......................... ... ... ..... ..... ............ 99,334 .............. . ............ 93,890 .............., . ..... ..,... 108,566 ........ _. ... .... Energy (kWh) . .. . ......... 53 961,151 ................... . .................................... . 54,904,618 , ._ ................... 56,370,117 Energy ($) .............................. $2,990,339 ..... . ...................... ..... ............ $3,206,686 ........ .. ... ........... $4,095,042 �. ..... Capacity ($) . .. ._.....__ $1,762,550: _. . ......... $1,439,821 ........, $1,379,275 .. .... ........ ,..... Transmission ($) ....,...._. ._ ......... ., ..... ,...... . ............... . $547,055 $567,712! ..........._ $424,708'. . _ .._...._.. .__......._ ..... Total $5,299,943 .._. ... ........... $5,214,219 ... .... ..... $5,899,025'. Table 5 shows the current month vs. last month and last year (November, 2008). To: Vincent Cameron From: Energy Services Date: January 19, 2009 Subject: Purchase Power Summary — December, 2009 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of December 2009. ENERGY The RMLD's total metered load for the month was 62,180,054 kWhs, which was an increase of 1.01 % compared to December, 2008 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 2,260,699 $4.61 3.63% $10,433 0.26% Seabrook 2,071,075 $9.37 3.33% $19,406 0.49% Stonybrook 2,087,297 $102.70 3.35% $214,363 5.41% Constellation 22,320,000 $6920 35.86% $1;544,489 38.96% PASNY 1,831,616 $4.92 2.94% $9,012 0.23% ISO Interchange 18,274,864 $53.26 29.36% $973,973 24.57% NEMA Congestion 0 $0.00 0.00% - $9,291 -0.23% Coop Resales 57,382 $132.00 0.09% $7,574 0.19% Stonybrook Peaking 15,613 $223.94 0.03% $3,496 0.09% Integrys 13,072,000 $88.92 21.00% $1,162,408 29.32% Braintree Watson Unit 246,781 $115.86 0.40% $28,591 0.72% Monthly Total 62,237,327 $63.70 100.00% $3,964,454 100.00% Resource ISO DA LMP Settlement RT Net Energy Settlement ISO Interchange (subtotal) 18,274,864 61.76 29.36% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of December, 2009. CAPACITY The RMLD hit a demand of 112,865 kWs, which occurred on December 21, 2009 at 7 pm. The RMLD's monthly UCAP requirement for December 2009 was 245,075 kWs, Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Source Millstone #3 Seabrook Stonybrook Peaking Stonybrook CC Pasny HQICC ISO -NE Supply Auction Braintree Watson Unit Total Table 3 Table 2 Amount Cost % of Total of Energy of Energy Energy (kWh) ($ /Mwh) 7,904 15,321,641 57.10 24.62% 2,953,223 85.96 4.75% 18,274,864 61.76 29.36% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of December, 2009. CAPACITY The RMLD hit a demand of 112,865 kWs, which occurred on December 21, 2009 at 7 pm. The RMLD's monthly UCAP requirement for December 2009 was 245,075 kWs, Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Source Millstone #3 Seabrook Stonybrook Peaking Stonybrook CC Pasny HQICC ISO -NE Supply Auction Braintree Watson Unit Total Table 3 Amount (kWs) Cost ($ /kW- month) Total Cost $ % of Total Cost 4,994 $63.88 $319,015 18.05% 7,904 $64.08 $506,508 28.65% 32,456 $1.66 $54,018 3.06% 50,684 $3.42 $173,211 9.80% 6,111 $1.95 $11,896 0.67% 0 $0.00 $22,122 1.25% 132,161 $4.08 $539,536 30.52% 10,765 $13.13 $141,317 7.99% 245,075 $7.21 $1,767,622 100.00% TRANSMISSION The RMLD's total transmission costs for the month of December, 2009 are $566,539. This is a 3.56% increase from the November 2009 cost of $547,055. In 2008, the transmission costs for the month of December, were $488,561. ........ ._ _. ..................... .......... ......... Table 5 Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $10,433 $319,015 $329,448 5.75% -- Seabrook $19,406 $506,508 $525,914 9.17% Stonybrook $214,363 $173,211 $387,574 6.76% HQ II $0 $22,122 $22,122 0.39% Constellation $1,544,489 $0 $1,544,489 26.94% PASNY $9,012 $11,896 $20,907 0.36% ISO Interchange $973,973 $539,536 $1,513,509 26.40% Nema Congestion - $9,291 $0 - $9,291 - 0.16% Coop Resales $7,574 $0 $7,574 0.13% Stonybrook Peaking $3,496 $54,018 $57,514 1.00% Integrys $1,162,408 $0 $1,162,408 20.28% Braintree Watson Unit $28,591 $141,317 $169,908 2.96% Monthly Total $3,964,454 $1,767,622 $5,732,076 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. TRANSMISSION The RMLD's total transmission costs for the month of December, 2009 are $566,539. This is a 3.56% increase from the November 2009 cost of $547,055. In 2008, the transmission costs for the month of December, were $488,561. ........ ._ _. ..................... .......... ......... Table 5 _....._ ...., ..__ .. ........... Current Month .,.. . ... .......... .... Last Month . . ... .... ........... ._.. . Last Year Peak Demand (kW) ......:......... ........... ......... .......... 112,865 ............... ... 99,334 .. ........ ........... 115,177 ...,..... .. ... .......:.. ............ Energy (kWh) ......... . .............. 62,237,327 ...... . ................ 53,961,151 ! ................. 61,606,646 :Energy ($) $3,964,454' .._.._. _... $2,990,339. _.......$4,556,551( 'Capacity .. ... , ......,.. .. .... ............ w......... $1,767,622 ................. ............. ......................... ... ........... __... $1,762,550 ................... ._........ ...,' $1,350_,68.,,5 .......... ............ ..... .. .. .......:... .............. `Transmission ($) ........ ..... ............:.. $566,539 .._......... _........ .... ............... $547,055! ....., .... ........... '. $488,561' ............. Total ............,. .._......_ $6,298,615 _ _..._....._ $5,299,943 ... .. ........ $6,395,797! Table 5 shows the current month vs. last month and last year (December, 2008). if Energy Services Divisi ®n January 14, 2010 Memo To: Vincent Cameron, ,lane Parenteau_, Robert Fournier From: William Seldon �v-- - Subject: Revised FY 2010 Revenue Estimate Attached is a Revised FY 2010 Revenue Projection. Total Revised base Revenues (exclusive of fuel) are estimated to be $38,575,944. This is abase revenue reduction of $1,256,650, or 3.16 percent compared to the approved FY 2010 budget of $39,734,035. The revised Fuel revenue is projected to be $42,169,048. This represents a $289,835 reduction from the Purchased Power FY 2010 budgeted figure of $42,458,883. Total revised revenues are projected to be $82,652,556. The Revised Revenue Estimate assumes the following: KWE sales show a decrease as compared to the budgeted FY 2010 Revenue estimate in the School, Commercial and Industrial TOU off peal-, categories. This is based on 6 months actual kWh sales information. Also considered in the reduction of kWh sales were a reduction of cooling degree days over the summer monthly average by approximately 20 percent, a reduction in commercial kWh sales due to energy lighting retrofits as well as a decline in kWh sales due to current economic conditions. Taking all of these factors into consideration the commercial kWh energy sales were reduced by 1 percent, the school demand and energy sales were reduced by one half of one percent and the industrial TOU off peak kWh sales were reduced by 2 and one half percent. These percentage reductions were incorporated for the remainder of FY 2010 (January 2010 — June 2010). The actual kWh sales, based on bill frequency were used for the first six months (July 2009 — December 2009). The revised forecast assumes no rate increase in FY 2010. Oil and Natural gas costs are based on indicative pricing as of 12/1/2009. Customers by account type will remain steady at December 2009 levels. The attached spreadsheet breaks out the kWh sales and revenues by customer class. �a a tg �� 8 (H V3 Cr iH pVppp� to (ems(r� t� CV N �D N O OND 0 �O f�� W t ti V3 n fR fo y} O p po imp 1t� 8 .p Qyp� Mh g .p E � p p �p zy � e-i trj U3 p QQpp pp. 'pdp� 00 ��pp O fV tt� O � tmt� N fR co 2 g us e' 0 $ O � � � bid � 'A fVVPr�� V} NS_. &3 M Opp O�. a0 ��pDp �M L� �O p�Mpry t ~V N Lam. � �pDp M pp pOp� �N Gz Fn V% Fn y 00 fer NS VX Kr O O Cj C,NO fA �ppp ,p �Np Vr � H3 O N G N �i 0 (D U N cG c CL 3: -j cu =3 0 0 C') a) C: a) 0) m E A 0- cu cu > F c a) .- --o C: > a) . m c 0) 0 = CD .0 0 a) -0 cx c 0) cu cu m 0 0 U) 0) r CU a) j5 8 a) a) 0 2 0 E c E -- E 3: (n cu cn 0 -0 0) .0 0) c C: cu (n c " (D a) -0 L) E .0 . E �O (U U) - a) 0 a = CL CD 0) . C: 0 E Fu 0 0 0 '0 0 E 0) c -0 a) cn E z E Z Z Z E u E > cu a) z -Fu " a) '0 0 0 "0 'aa - a) E Qo) -0 a) > cu U) C� cc E E CL C� a. > CU E E E m U) > M cu U) C) .2) E 75 U) a a O. <c .Fq E E E E E cu 0 m 2 -0 CU Z 0 0 0 0 x 0 C: cu CL c cu 0 0 0 0 0 0 0 _c cL 0� CL C c m Z 0 W E LU W < w x C� z 0 o 0 o 0 0- < m ca l0 N 0 0 m co (M .2 0) 0) 0) 0) m 0 CD CD 9 0 0 C) 0 C) 0 0 — — C: O O CL iz: cq cq �) — Z! LO E Q E —r- n- 6 8 co :4 N O 0 CD C CD — — 0 0 CD CL E o0 000.0 LO U') LO CL 0 0 0 0 0 LO LO 0 C) O c, m 0 0 0 (D M t- h- 0 o o o o o N r- - <- <- — N 0 0) 0) 0) 0) 0) 0) 0) C) 0) 00 0) 00 OD m m -W 0 m a q 9 - 9990 0 CD 0 0 cq N m N Q 0 co a) M co C) m i�- — — 63 w w P- co — N — 0 U- m 0 0 0 0 0 0 I- U) CL 4) E 0) E CL 0 C L a Z5 0 ?: 7E t llc (D D CL Q -a E E E 0 c 0 0 C: cc O E U> 0 �5 E 0 co CD 0) 0) 0 cu y -a-a C: �B a) 0) m 'a 40— 0 " a) CL 0 465 �5 c 0 0 2 o L) C) < co aci E U) 0 O)t 0 0 c C) CD o C) 0 w E CD cu ED 0 w CD 0 CD ca. — CL m 5 r . 0.0 o 0 0 0 0 0 0 a) ca F- 0- Lu A t t 0 L) E E E E E a) m CL LLJ (D C 2 2 2 '5� 2 2 0 cc — > m 0) 0 c .2)'o z5 t a) C- C: C c Z5 '�5 C: c 0 Cl) 0 co (D 0 c c c c (n to 0 0 a) 0 0 0 0 (n 0 0 0 L) 0 0 L) L) m (D LL 1/19/2010 READING MUNICIPAL LIGHT DEPARTMENT 4:12 PM FY10 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING DECEMBER 31, 2009 ACTUAL YTD ACTUAL COST COST ANNUAL REMAINING # PROJECT DESCRIPTION TOWN DECEMBER THRU 12/31109 BUDGET BALANCE 4 kV Retirement - Stepdown Areas ** 1 Reading 22 Wilmington - Main Street NEW System Projects 2 Station #4 Getaway 4W30 Replacements 3 Station #4 Getaway 4W17 Replacements NEW ** 4 Salem Street Area 5 High Capacity Tie 4W18/3W8 Franklin Street 6 Haverhill Street - Reconductoring NEW URD Upgrades 7 URD Completions- Sanborn Village, Reading; Perkins Farm, Lynnfield; and Chestnut Village, North Reading New Circuits and Circuit Expansions 8 Salem Street to Glen Rd 13kV Feeder Tie 9 Reading Center -Main Street 10 Reading Center -Haven Street Station Upgrades Station #4 11 Transformer Replacement -Part 1- Contractual Labor 11 Transformer Replacement -Part 2- Procured Equipment 11 Transformer Replacement -Part 3 -RMLD Labor 11 Transformer Replacement -Part 4- Feeder Re- Assignment Station #5 23 15kV Circuit Breaker Replacement NEW New Customer Service Connections 12 Service Installations- Commercial /Industrial Customers 13 Service Installations - Residential Customers 14 Routine Construction Various Routine Construction Total Construction Projects R $78,125 $31,415 ($46,710) W R $112,152 $112,152 R $11,524 $145,168 $201,712 $56,544 R $23,311 $170,779 $170,779 W $109,129 $171,923 $62,794 R $6,311 $129,004 $129,004 R $44,344 $74,642 $184,460 $109,818 VAR $38,496 $38,496 W $18,144 $18,144 $80,063 $61,919 R $52,984 $5,363 $13,932 $8,569 R $225,140 17 Meter Annual Purchases $23,311 $23,311 R $64,080 $596,832 $1,231,500 $634,668 R $6,311 $155,842 $344,800 $188,958 R $30,933 $253,730 $432,405 $178,674 R $25,000 27 Hardware Upgrades $228,159 $228,159 W 28 Software and Licensing $32,142 $157,528 $157,528 ALL $0 $321,498 $24,029 $54,184 $30,155 ALL $16,081 $100,128 $176,623 $76,495 ALL $124,059 $729,406 $1,537,896 $808,490 $315,474 $2,290,538 $5,320,343 $3,029,805 Other Projects 15 GIS $40,000 $52,984 $12,984 16 Transformers /Capacitors Annual Purchases $16,249 $241,389 $225,140 17 Meter Annual Purchases $12,740 $139,360 $126,620 18 Purchase Two New Small Vehicles $33,544 $62,000 $28,456 19 Replace Line Department Vehicles $186,823 $353,823 $167,000 20 Cooling Towers $200,248 $200,248 21 Security Upgrades $25,000 $25,000 27 Hardware Upgrades $43,700 $43,700 28 Software and Licensing $32,142 $94,410 $62,268 Total Other Projects $0 $321,498 $1,212,913 $891,415 TOTAL RMLD CAPITAL PROJECT EXPENDITURES $315,474 $2,612,036 $6,533,256 $3,921,220 ** completed projects Reading Municipal Light Department Engineering and Operations Monthly Report December, 2009 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 — Underground work on Lowell Street including terminations, stress cones, bus insulation at switchgear, riser, and energizing. 3. Station #4 Getaway Feeder 4W17 - Wilmington — No activity. 4. Salem Street Area - Wilmington — Project Complete. 5. High Capacity Tie 4W1 813W8 Franklin Street - Reading No activity. 6. Haverhill Street — Reading /Lynnfield — Performed make -ready work for new messenger and spacer cable; framed; installed anchors, sidewalk guys, pulling rope, and 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 began on Cunningham, Beeching, and 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 — Invoices paid to Fischbach and Moore and Mark's Trucking and Rigging. 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 replacement/installations, primary or secondary cable replacement/installations etc. This portion of the project comes under routine construction. Note: No commercial installations this month. 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 $102,056 Maintenance Overhead /Underground $249,914 Projects Assigned as Required $98,145 Pole Damage includes knockdowns some reimbursable $43,537 Station Group $40,242 Hazmat/Oil Spills $11,318 Porcelain Cutout Replacement Program* $56,421 Lighting Street Light Connections $14,058 Storm Trouble $4,460 Underground Subdivisions $38,306 Miscellaneous Capital Costs $70,949 TOTAL $729,406 *In the month of December, 31 cutouts were charged under this program. Approximately 15 cutouts were installed new or replaced because of damage making a total of 46 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 System CAIDI — 40.62 minutes Industry Average — 65.91 minutes per outage (APPA 2005 Reliability Survey) On average, RMLD customers that experience an outage are restored in 40.62 minutes. 120.00 H 99.57 d 100.00 c 76.52 80.00 c� 60.00 Q 44.68 L. 35.76 36:97 C40.00 1 .26 23.89 20.00 v 0.00 po 00 Apo 00 0o po 00 00 00 00 00 00 Few 4 -o— Monthly minutes per outage — - - System average outage duration 40.62 Industry average outage duration 65.91 (APPA 2005 Survey) 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 System Average - .52 outages per year Industry Average — 1.6 outages per year (APPA 2005 Reliability Survey) Top quartile performance for the industry is one outage or less per year. The graph below tracks the month -by -month SAIFI performance. 1.80 N 1.60 aci 1.40 Z 1.20 1.12 0.93 O 1.00 0.76 Q 0.80 0.72 0.54 C 0.60 0.40 LL 0.20 0.00 SY —+— RMLD monthly outage frequency --- RMLD system average outage frequency .52 Industry average outage frequency 1.6 (APPA 2005 Survey Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage every 23 months. GI