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Home My WebLink About2010-10-27 RMLD Board of Commissioners MinutesReading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading, MA 01867 October 27, 2010 Start Time of Regular Session: 7:32 p.m. End Time of Regular Session: 8:50 p.m. Attendees Commissioners: Mary Ellen O'Neill, Chairman Philip B. Pacino, Secretary Robert Soli, Commissioner Staff: Vinnie Cameron, General Manager Robert Fournier, Accounting/Business Manager Kevin Sullivan, E &O Manager Citizens' Advisory Board Arthur Carakatsane, Chairman Thomas 011ila, Member Richard Hahn, Vice Chair Gina Snyder, Commissioner Jeanne Foti, Executive Assistant Jane Parenteau, Energy Services Manager j. 700 '`WC --b r 12: 1, I Chairman O'Neill called the meeting to order, stated that, this meeting of the Reading Municipal Light Department (RMLD) Board of Commissioners October 27, 2010, is being broadcast live at the RMLD's office at 230 Ash Street, Reading, MA. Live broadcasts are available only in Reading due to technology constraints. This meeting is being video taped for distribution to the community television stations in North Reading,. Wilmington and Lynnfield. Opening Remarks /Approval of Meeting Agenda Chairman O'Neill asked the Board if there were suggested changes or additions to the agenda, there were none. Introductions Chairman O'Neill introduced Citizens' Advisory Board Chairman, Arthur Carakatsane. Mr. Carakatsane formally introduced and welcomed the newest Wilmington representative to the CAB, Tom 011ila who has a tremendous background and will be a tremendous asset to the CAB. Approval of September 29, 2010 Board Minutes Mr. Hahn made a motion seconded by Mr. Pacino to accept the minutes as corrected to accept the following changes on page 3: "The first item at the meeting was an update by staff of the recent activities related to obtaining renewable power supply. The second item the Committee discussed was a submittal the RMLD made to the Department of Energy Resources outlining the Green House Gas Emissions related to the RMLD's power supply portfolio. The last item the committee took up was Commissioner Soli's analysis of the recently performed Cost of Service Study." "Mr. Hahn reported that there were three deliverables requested from the General Manager and staff. The first was a more specific description of the individual components of the energy portion of the RMLD's power supply portfolio for the next budget. The second was the General Manager would discuss the details of the next Cost of Service Study six months prior to bringing it to the committee. The last item requested was a metering plan for next year's capital budget that would increase the RMLD's energy usage data." Chairman O'Neill explained that these changes are from Mr. Cameron which represents a brief summary from the draft Power & Rate Committee meeting minutes. Mr. Soli said that on the bottom of page two of the minutes, although the motion was voted upon, the exact wording of his motion was not listed. He feels that if a motion is made it should be put in the minutes exactly as worded. Mr. Soli said that the Board votes on bids in which the Secretary reads word for word. Mr. Soli said that there was a specific motion made at that meeting which is not included. Secretary Pacino explained that it is important to understand the purpose of the minutes. It is a document of what went on. It is not to be a transcript otherwise there would be the need for a court reporter. Regular Session Meeting Minutes October 27, 2010 Approval of September 29, 2010 Board Minutes Mr. Pacino stated that on the next page of the minutes, Mr. Soli is given the option of putting an addendum to the minutes. Mr. Pacino said that he has forwarded to the Department the form the addendum should be in. Mr. Pacino commented that the audit opinion which appears in the same page of the minutes was accepted, but not in the exact words. Mr. Pacino pointed out that under Chapter 30B, so as not to be misunderstood, the motion for the bids should be read and recorded as verbatim. Chairman O'Neill said that there are two ways to approach this. Chairman O'Neill explained that the maker of the motion can approve the minutes with the change and has the option to accept or not accept these to make them part of the minutes or the minutes can be postponed while she and the Secretary can look again at the tape. Chairman O'Neill said that she looked at the tape and if there was no motion, it was not seconded which the tape bears this out. Chairman O'Neill said that the intent was not to have that in the minutes. Messrs. Hahn and Pacino accept the changes which Chairman O'Neill has presented. Mr. Hahn said that relative to Mr. Soli's suggested changes to the minutes it was voted at the last meeting and there is no need to accept it. Mr. Hahn said that if anyone else wants to make a motion on this they can. Motion carried 4:1:0. Mr. Soli voted against this motion. Report from RMLD Board Committees Budget Committee — Secretary Pacino Mr. Pacino said that the Budget Committee met on Monday, October 18 and discussed various items about the budget. Mr. Pacino said that there were some concerns that Chairman O'Neill had expressed about the timeliness of material for year end which the Department has been made aware of. There was also discussion on the budget process and he would like comments on the budget process - what is good, what is bad and what needs improvement as well as what people want for content as well as process. This opportunity to express one's opinion has been extended to the CAB and the RMLD staff as well. Mr. Pacino stated that he would like comments by November 1. Mr. Pacino said that he will compile all the comments and noted Mr. Hahn has already forwarded his comments. Mr. Pacino commented that the budget process is the same that has been used for twenty years which needs to be reviewed. Mr. Pacino noted that the thought process is there may be too much or too little detail in the budget all these comments he will sift through. Chairman O'Neill asked Mr. Pacino if he is also looking for comments for the monthly financials. Mr. Pacino responded that comments on the monthly financials are also welcomed because it will go hand and hand with the budget comments. General Manager's Report — Mr. Cameron Mr. Cameron reported on the following: • Wednesday, October 13 he made a presentation to the Town of Reading Finance Committee which is required by the Town Charter. • Jared Carpenter will be speaking at the Reading Public Library's Energy Forum, Tuesday, November 16 at 7:00 p.m. • The Reading Tree Lighting Ceremony is Sunday, November 28. • The Salvation Army annual kick off for blankets and sweatshirts donations are due to the RMLD by Wednesday, November 17. Mr. Cameron said that there has been large employee involvement with this in the past. • Chairman O'Neill will be making the Report to Subsequent Town Meeting, November 8. Mr. Cameron said that also at Town Meeting, there will be an article for a five year contract to enable the RMLD to enter into an agreement with Survalent Technology for RMLD's SCADA system. • The Indemnification Agreements are ready for signature at the meeting. Mr. Soli commented that he never saw the final copy. Chairman O'Neill asked if there were any changes to what was sent out. Mr. Cameron said that there were no changes from what the Commissioners had seen. At this point in the meeting, all Board members signed their respective Indemnification Agreements. Regular Session Meeting Minutes October 27, 2010 Financial Report - September, 2010 - Mr. Fournier (Attachment 1) Mr. Fournier apologized for the tardiness in getting the report out. Mr. Fournier reported on the Financial Report for September 2010. Mr. Fournier reported Net Income for September $1.3 million, year to date Net Income $775,000. The year to date budgeted Net Income is $672,000 with the difference being $101,000 or 15.9 %. Mr. Fournier said that on page 3a the Net Income line is incorrect; however, the detail is correct. Mr. Fournier said that the year to date Fuel Expense exceeded Fuel Revenue by $1.1 million. The year to date Energy Conservation Revenues exceeds Energy Conservation Expenses by $80,000. The Gaw soil remediation expense for the first three months is $528,000 with the cost year to date which includes last year's numbers to $1.6 million. Mr. Fournier noted that the Base Revenues are over budget $1.1 million or 10 %, the Base Revenues are at $12.4 million compared to the budgeted amount of $11.3 million. Purchase Power Base Expense is $63,000 or 1% over budget. Purchased Power Base costs were $7.4 million compared to the budgeted amount of $7.3 million. The Operating and Maintenance expenses were under budget by $267,000 or 8 %. Operating and Maintenance expenses were at $2.9 million compared to the budgeted amount of $3.2 million. The major expense over budget was the Gaw soil remediation expense. The Depreciation and Voluntary Payments to the Towns are on budget. Mr. Fournier said that the Cash for the month is as follows: Operating Fund is $4.8 million, Capital Fund $4.8 million, Rate Stabilization Fund $5.3 million, Deferred Fuel Cash Reserve $1.2 million and Energy Conservation $389,000. Discussion followed. Power Supply Report - September, 2010 - Ms. Parenteau (Attachment 2) Ms. Parenteau reported on the Power Supply Report for September 2010. Ms. Parenteau reported that RMLD's load for September was 61.3 million kilowatt hours which is an increase of 10% compared to September 2009. Energy costs were $3.4 million which is equivalent to $.056 per kilowatt hour. In September, the Fuel Charge Adjustment was $.059 per kilowatt hour. RMLD's sales in September were 67.9 million kilowatts. In September, the RMLD overcollected by $518,000 resulting in a Deferred Fuel Cash Reserve balance of $1.2 million. Ms. Parenteau said that the Fuel Charge Adjustment in October was set at $.064 per kilowatt hour which is currently projected to remain at this level for the balance of the calendar year. It is anticipated that the Deferred Fuel Cash Reserve Balance of $2.5 million will be achieved in the November to December timeframe. Ms. Parenteau stated that on a calendar year basis, the RMLD has taken advantage of the decrease in the commodity prices as follows: fiscal year 2009 average Fuel Charge was $.064, fiscal year 2010 projected $.0586 and the current fiscal year 2011 projected $.0545 which is down 7 %. Ms. Parenteau said that the RMLD purchased 13% of its energy requirement from the Spot Market. The average cost was in the high $40 per megawatt hour. The RMLD hit a demand of 161.5 megawatts on September 1, 2010 at 5:00 p.m. The RMLD's monthly capacity requirement was 212 megawatts which is based on the peak the RMLD hit in 2009. The RMLD paid $1.5 million for capacity which is equivalent to $7.13 per kilowatt month. The RMLD's transmission costs for September were $912,000 which is a decrease of 1.1 %. Discussion followed. Engineering and Operations Report - September, 2010 - Mr. Sullivan (Attachment 3) Gaw Update Mr. Sullivan reported on the E &O Report for September 2010. Mr. Sullivan provided an update on the Gaw milestones. Mr. Sullivan said that the Gaw project is very close to completion. What remains to be completed is one disconnect switch on one transformer and a section of the sound wall. The budget is up $31,000 of which $28,000 is RMLD labor, $1,700 contractor labor and $1,500 procured equipment. Mr. Sullivan reported on the soil remediation progress and as reported last month to the Board, the soil remediation was complete, however, costs were coming in. Mr. Sullivan said that Mr. Fournier reported that the RMLD is at $1.6 million however, it is over $1.8 million of paid and unpaid invoices at this point. Mr. Hahn asked if there are many outstanding unvoices that will close this gap. Mr. Sullivan replied that it will not close the gap completely; it will be just shy of $1 million closing that gap. Regular Session Meeting Minutes October 27, 2010 11 Engineering and Operations Report — September, 2010 - Mr. Sullivan (Attachment 3) Gaw Update Mr. Hahn asked if the final budget was $8 million do you think you will come in around $7 million. Mr. Sullivan replied that it will come in at just over $7 million. Chairman O'Neill pointed out the project will come under excluding the soil remediation; it is only the capital budget costs, the total cost including soil remediation will be $8.5 million to $9 million. Mr. Sullivan reported that Project 22 was completed in September. System Projects: Project 11 Feeder reassignment — Part 4 this needs to be reclassified and is fifty percent complete. Projects currently being worked on for the month: Project 3 - Station #4 - 4W17 Getaway Replacements, Project 6 — Haverhill Street — Reading - Re- Conductoring, Project 22 - Wilmington - Main Street and Project 37 — Elm Street — North Reading. Mr. Sullivan commented that under the substation project Project 11 - Part 4 Feeder Re- Assignment one feeder has been moved to C bus. New Customer Connections Commercial services two in Wilmington on Jewel Drive and residential customers twenty to twenty -five services were completed during the month. Routine Construction: twenty cutouts were replaced bringing the total to one hundred two. Reliability Report The rolling average for the year decreased by 2.16 minutes for the year to 44.79 minutes per outage. This dropped largely from August to September due to the function of the mix of outage types, causes and incidents. There were no transformer replacements in September. The System Average Interruption Frequency (SAIFI) increased marginally, the Months Between Interruptions (MBTI) decreased from 15.19 to 14.12 which is a function of the SAIFI. Outages for the month: 120 calls, 37 outage incidents, 1,700 customers affected. Causes of the outages include no feeder outages, 27 area outages, and 10 service outages. M.G.L. Chapter 30B Bids — (Attachment 4) 2011 -07 Meters New Mr. Sullivan reported that this bid is for high powered ERT watt hour residential meters fifteen bids were sent out with three responding, AvCom, WESCO and Stuart Irby. Mr, Sullivan explained that an abbreviated amount of meters will be used in fiscal year 2011 capital budget; however, the price will remain the same for Item 3. The fiscal year 2011 capital budget amount allocated to this project is $645,100. Discussion followed. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2011 -07 for Residential High Power ERT Watt-Hour Meters be awarded to AvCom Inc. for a total cost of $991,853 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 5:0:0. 2011 -09 750 MCM 15 KV Cable Mr. Sullivan explained that this is for the first project in the fiscal year 2011 budget for 4W14 for replacement of cable from Gaw substation to West Street. The bid was sent to twenty -one bidders, four responded and there was a tie between two bidders, Yale and Arthur Hurley. The RMLD sent out another sealed bid to the two bidders and Arthur Hurley won the bid. Mr. Soli asked if this was according to 30B. Mr. Cameron replied that the RMLD checked with the Inspector General's Office under 30B you can either flip a coin or re -bid, however, the re -bid for the two tied bids must be within forty eight hours. The bids were sent out on Friday and the bid was opened on Tuesday. Discussion followed. Mr. Pacino disclosed that he will not be voting on this item because one of his clients has a relationship with Arthur Hurley. Mr. Pacino made a motion seconded by Mr. Hahn that bid 2011 -09 for 750 MCM 15 KV Concentric Neutral Power Cable be awarded to Arthur Hurley Company for a total cost of $183,713 as the lowest qualified bidder on the recommendation of the General Manager. Motion carried 4:0:1. Mr. Pacino abstained. Regular Session Meeting Minutes October 27, 2010 General Discussion Chairman O'Neill said that she would like to see the development of an environmental policy statement. This would guide us in numerous areas such as the encouragement to pursue renewable energy options and give some direction to the Energy Efficiency program to make some efforts on the RMLD building which needs some work. Mr. Soli also expressed his interest. There was Board interest expressed in this item. The consensus was this would go to the Policy Committee in January. Chairman O'Neill on another matter said that she would like to see an overview of the Community Relations initiative because it is time to look at components that the Board needs to undertake on how the RMLD is communicating conservation and the energy efficiency message. Chairman O'Neill said that she is also interested in where the RMLD is donating to groups and how to change that. Chairman O'Neill said that the T -Shirt contest does have an education and conservation component. Chairman O'Neill commented that she is interested in having programs for middle and high school students. Chairman O'Neill commented that for Public Power week the RMLD does not do anything. Mr. Cameron commented that the Community Relations Policy would have to be addressed. Chairman O'Neill said that she would like an open mindedness for new ideas. Chairman O'Neill said that there was a Community Relations Committee in the past. Mr. Hahn said that he sees pieces of what is done and he is unsure if he can provide a comprehensive list before changing what RMLD does now. Mr. Hahn said that the design is a staff function the Board's roll is to give direction. Mr. Hahn conunented that there should be a summary of what the RMLD does now and the Board could look at that and make suggestions. Mr. Pacino suggested digging out the policy. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED Rate Comparisons, September 2010 E -Mail responses to Account Payable /Payroll Questions UpcominLy Meetings Reading Public Library's Forum on Energy, Tuesday, November 16 at 7:00 p.m RMLD Board Meetings Wednesday, December 1, 2010 and Wednesday, January 5, 2011 and Wednesday, January 26, 2011 Citizens' Advisory Board Meetin Tuesday, November 9, 2010, RMLD at 6:30 p.m. Mr. Carakatsane said that there will not be much on the agenda for the CAB meeting. They are also waiting for a second new member to be appointed to the CAB. The meeting will be an update on projects not much more than that. Executive Session At 8:44 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to approve Executive Session meeting minutes; to discuss strategy with respect to litigation based on Chapter 164 Section 47D exemption from public records, and return to Regular Session for the sole purpose of adjournment. Motion carried 5:0:0. Mr. Pacino, Aye; Mr. Hahn, Aye; Chairman O'Neill, Aye; Ms. Snyder, Aye; Mr. Soli, Aye. Adjournment At 8:50 p.m. Mr. Pacino made a motion seconded by Mr. Hahn to adjourn the Regular Session. Motion carried 5:0:0. A true copy of the RMLD Board of Commissioners minutes as approved by a majority of the Commission. Philip B. Pacino, Secretary RMLD Board of Commissioners Dt: October 26, 2010 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier d Sj: Financial Report September 30, 2010 The results for the first three months ending September 30, 2010, for the fiscal year 2011 will be summarized in the following paragraphs. 1) Change in Net Assets or Net Income: (Page 3A) For the month of September, the net income or the positive change in net assets was $1,331,677, bringing the year to date net income to $774,518. The year to date budgeted net income was $672,961, the difference being $808,161 or 120.1 %. Year to date fuel expenses exceeded fuel revenues by $1,142,584. Year to date energy conservation revenues exceeded energy conservation expenses by $80,183. Year to date GAW soil remediation expenses totalled $528,012, bringing the total cost to date for this project to $1,624,444. 2) Revenues: (Page 11B) Year to date base revenues were over budget by $1,108,473 or 9.79 %. Actual base revenues were $12.4 million compared to the budgeted amount of $11.3 million. 3) Expenses: (Page 12A) *Year to date purchased power base expense was $63,179 or .9% over budget. Actual purchased power base costs were $7.4 million compared to the budgeted amount of $7.3 million. *Year to date operating and maintenance (O &M) expenses combined were under budget by $267,162 or 8.2 %. Actual O &M expenses were $2.9 million compared to the budgeted amount of $3.2 million. The major expense that was over budget was maintenance of line transformers ($82,710). *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund balance was at $4,876,701. *Capital Funds balance was at $4,887,487. *Rate Stabilization Fund balance was at $5,376,663. *Deferred Fuel Fund balance was at $1,183,528. *Energy Conservation balance was at $389,066. S) General Information: Year to date kwh sales (Page 5) were 9.1 %, or 17.5 million kwh, ahead of last year's figure. 6) Budget Variance: Cumulatively, the five divisions were under budget by $279,698 or 5.6 %. � �: � �. �w �� , �; TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF NET ASSETS 9/30/10 ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) RESTRICTED CASH (SCH A P.9) RESTRICTED INVESTMENTS (SCH A P.9) RECEIVABLES, NET (SCH B P.10) PREPAID EXPENSES, (SCH B P ".10) INVENTORY TOTAL CURRENT ASSETS NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) CAPITAL ASSETS, NET (SCH C P.2) OTHER ASSETS (SCH C P.2) TOTAL NONCURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT ACCOUNTS PAYABLE CUSTOMER DEPOSITS CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES TOTAL CURRENT LIABILITIES NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT RESTRICTED FOR DEPRECIATION FUND (P.9) UNRESTRICTED TOTAL NET ASSETS (P.3) TOTAL LIABILITIES AND NET ASSETS (1) PREVIOUS YEAR CURRENT YEAR 4,288,835.90 13,756,638.22 4,400,000.00 9,812,819.85 1,277,484.35 1,496,241.63 35,032,019.95 108,967.43 64,775,402.64 1,098.57 4,879,701.6C 15,197,199.73 2,200,000.00 9,358,167.27 1,577,313.43 1,598,313.60 34,810,695.63 97,690.11 66,888,739.15 0.00 64,885,468.64 66.986,429.26 99,917,488.59 101,797,124.89 5,297,030.07 5,425,029.01 493,602.07 500,259.67 705,309.36 349,729.00 625,312.40 907,691.05 7,121,253.90 7,182,708.73 2,873,114.33 3,020,032.75 2,873,114.33 3,020,032.75 9,994,368.23 64,775,402.64 5,008,575.87 20,139,141.85 89,923,120.36 99,917,488.59 10,202,741.48 66,888,739.15 4,887,487.58 19,818,156.68 91,594,383.41 101,797,124.89 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 9/30/10 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF CAPITAL ASSETS LAND STRUCTURES AND IMPROVEMENTS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL UTILITY PLANT SCHEDULE OF OTHER ASSETS UNAMORTIZED DEBT EXPENSE TOTAL OTHER ASSETS TOTAL NONCURRENT ASSETS (2 ) SCHEDULE C PREVIOUS YEAR 41,937.50 67,029.93 CURRENT YEAR .36,244.74 61,445.37 108,967.43 97,690.11 1,265,842.23 6,997,417.80 11,760,574.52 44,751,568.09 64,775,402.64 1,265,842.23 6,748,734.96 12,738,853.40 46,135,308.56 66,888,739.15 1,098.57 0.00 1,098.57 0.00 64,885,468.64 66,986,429.26 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 9/30/10 OPERATING REVENUES: (SCH D P.11) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE GAW 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 NO"-2ERATING 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 SEPTEMBER MONTH MONTH LAST YEAR CURRENT YEAR YTD o LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE 3,672,441.83 4,401,254.43 10,805,012.92 12,425,647.55 15.00% 4,335,754.22 4,007,231.89 12,353,548.51 11,202,572.27 -9.32% 345,388.37 56,917.20 675,099.29 1,003,982.02 48.72% 75,978.81 82,047.97 205,263.69 279,827.29 36.33% 52,400.16 54,420.78 152,304.76 163,545.87 7.38% 0.00 67,915.44 0.00 67,915.44 100.00% (31,274.85) 774,518.80 (70,618.33) (201,094.69) 184.76% 8,450,688.54 8,617,124.72 24,120,610.84 24,942,395.75 3.41% 2,475,027.86 2,427,569.76 7,421,401.77 7,394,319.87 -0.36% 2,973,452.04 3,437,081.39 11,096,051.29 12,144,061.42 9.44% 601,510.22 603,997.60 1,677,027.46 1,943,861.81 15.91% 216,563.67 260,722.75 437,278.02 1,034,870.51 136.66% 280,105.78 287,729.05 840,317.34 863,187.15 2.72% 104,500.00 110,000.00 313,500.00 330,000.00 5.26% 6,651,159.57 7,127,100.55 21,785,575.88 23,710,300.76 8.83% 1,799,528.97 1,490,024.17 2,335,034.96 1,232,094.99 - 47.23% 5,235.78 5,085.86 10,448.71 14,987.06 (182,222.50) (180,990.00) (546,667.50) (542,970.00) 6,243.16 4,119.01 38,652.41 47,596.57 (3,514.53) (1,017.96) (8,316.94) (3,054.27) 10,509.61 14,455.77 23,842.91 25,864.45 (163,748.48) (158,347.32) (482,040.41) (457,576.19) 1,635,780.49 1,331,676.85 1,852,994.55 774,518.80 (3) 88,070,125.81 90,819,864.61 89,923,120.36 91,594,383.41 43.43% -0.68% 23.14% -63.28% 8.48% -5.08% -58.20% 3.121 1.86% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS 9/30/10 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE GAW REVENUE PASNY CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPERATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MDSE AND AMORT) TOTAL NONOPERATING REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF SEPTEMBER * ( ) = ACTUAL UNDER BUDGET ACTUAL BUDGET (85,012.94) YEAR TO DATE YEAR TO DATE VARIANCE* 12,425,647.55 11,317,174.00 1,108,473.55 11,202,572.27 11,406,646.00 (204,073.73) 1,003,982.02 1,531,647.00 (527,664.98) 279,827.29 248,978.00 30,849.29 163,545.87 150,739.00 12,806.87 774,518.80 30,000.00 50.39% (201,094.69) (150,000.00) (51,094.69) 120.09% 25,648,999.11 24,535,184.00 369,296.31 7,394,319.87 7,331,140.00 63,179.87 12,144,061.42 11,775,937.00 368,124.42 1,943,861.81 2,200,102.00 (256,240.19) 1,034,870.51 1,045,793.00 (10,922.49) 863,187.15 875,001.00 (11,813.85) 330,000.00 330,000.00 0.00 23,710,300.76 23,557,973.00 152,327.76 1,938,698.35 977,211.00 961,487.35 CHANGE 9.79% -1.79% - 34.45% 12.39. 8.50% 34.06% 4.54, 0.86% 3.13% -11.65% -1.04 % -1.35% 0.00% 0.65% 98.39% 14,987.06 100,000.00 (85,012.94) - 85.01% (542,970.00) (543,750.00) 780.00 -0.14% 47,596.57 112,500.00 (64,903.43) - 57.69% (3,054.27) (3,000.00) (54.27) 1.81% 25,864.45 30,000.00 (4,135.55) - 13.79% (457,576.19) (304,250.00) (153,326.19) 50.39% 1,481,122.16 672,961.00 808,161.16 120.09% 90,819,864.61 88,039,716.12 2,780,148.49 92,300,986.77 88,712,677.12 3,588,309.65 (3A) 3.16% 4.04% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 9/30/10 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7 /1/10 CONSTRUCTION FUND BALANCE 7 /1/10 INTEREST ON DEPRECIATION FUND FY 11 DEPRECIATION TRANSFER FY 11 FORCED ACCOUNTS REIMBURSEMENT GAW SUBSTATION FY 11 TOTAL SOURCE OF CAPITAL FUNDS USE OF CAPITAL FUNDS: PAID ADDITIONS TO PLANT THRU SEPTEMBER PAID ADDITIONS TO GAW THRU SEPTEMBER TOTAL USE OF CAPITAL FUNDS GENERAL LEDGER CAPITAL FUNDS BALANCE 9/30/10 PAID ADDITIONS TO GAW FROM FY 11 PAID ADDITIONS TO GAW FROM FY 10 PAID ADDITIONS TO GAW FROM FY 09 PAID ADDITIONS TO GAW FROM FY 08 TOTAL (4) 781,793.75 88,633.00 4,801,693.77 0.00 4,400.41 863,187.15 0.00 88,633.00 5,757,914.33 870,426.75 4,887,487.58 88,633.00 1,372,876.00 3,136,764.00 1,895,975.00 6,494,248.00 (5) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 9/30/10 MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 23,692,725 25,067,355 70,626,721 82,803,011 17.24% COMM. AND INDUSTRIAL SALES 38,854,473 40,227,709 112,328,783 117,498,656 4.6096 PRIVATE STREET LIGHTING 70,628 71,070 212,697 213,302 0.28% TOTAL PRIVATE CONSUMERS 62,617,826 65,366,134 183,168,201 200,514,969 9.47% MUNICIPAL SALES: STREET LIGHTING 237,183 238,701 711,549 716,255 0.66% MUNICIPAL BUILDINGS 895,898 857,818 2,554,615 2,526,632 -1.10% TOTAL MUNICIPAL CONSUMERS 1,133,081 1,096,519 3,266,164 3,242,887 -0.71% SALES FOR RESALE 349,866 366,494 970,585 1,133,176 16.75% SCHOOL 1,101,901 1,083,347 2,969,480 2,953,375 -0.54% TOTAL KILOWATT HOURS SOLD 65,202,674 67,912,494 190,374,430 207,844,407 9.18% (5) MONTH RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL ot+i khl ►'i�F��5L�i3si�µ�l RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL oo dtl LAST YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL TOTAL KILOWATT HOURS SOLD TO TOTAL MONTH YEAR TO DATE LAST YEAR TO DATE RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL TOTAL RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS NMI BLDGS SALES /RESALE SCHOOL 00114A RESIDENTIAL COMM & IND PVT ST LIGHTS PUB ST LIGHTS MUNI BLDGS SALES /RESALE SCHOOL TOTAL TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 9/30/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON 25,067,355 8,490,166 3,242,199 6,050,520 7,284,470 40,227,709 4,894,911 343,935 6,104,815 28,884,048 71,070 14,019 1,360 20,918 34,773 238,701 80,436 32,437 39,657 86,171 857,818 207,470 160,285 191,005 299,058 366,494 366,494 0 0 0 1,083,347 393,128 235,162 133,600 321,457 67,912,494 14,446,624 4,015,378 12,540,515 36,909,977 82,803,011 25,854,825 12,199,843 19,190,120 25,558,223 117,498,656 14,499,225 973,826 17,899,106 84,126,499 213,302 41,753 4,080 62,654 104,815 716,255 241,308 97,463 118,971 258,513 2,526,632 614,921 464,673 560,907 886,131 1,133,176 1,133,176 0 0 0 2,953,375 1,093,142 663,908 374,600 821,725 207,844,407 43,478,350 14,403,793 38,206,358 111,755,906 70,626,721 21,595,561 10,438,657 16,374,729 22,217,774 112,328,783 13,941,101 919,109 17,495,037 79,973,536 212,697 42,869 4,080 62,331 103,417 711,549 235,893 98,553 119,064 258,039 2,554,615 626,549 438,878 510,915 978,273 970,585 970,585 0 0 0 2,969,480 1,158,252 656,673 327,160 827,395 190,374,430 38,570,810 12,555,950 34,889,236 104,358,434 TOTAL READING LYNNFIELD NO.READING WILMINGTON 36.91% 12.50% 4.77% 8.91% 10.73% 59.24% 7.21% 0.51% 8.99% 42.53% 0.10% 0.02% 0.00% 0.03% 0.05% 0.35% 0.12% 0.05% 0.06% 0.12% 1.26% 0.31% 0.24% 0.28% 0.43% 0.54% 0.54% 0.00% 0.00% 0.00% 1.60% 0.58% 0.35% 0.20% 0.47% 100.009. 21.2891. 5.92% 18.47% 54.33% 39.84% 12.44% 5.87% 9.23% 12.30% 56.53% 6.98% 0.47% 8.61% 40.47% 0.10% 0.02% 0.00% 0.03% 0.05% 0.34% 0.12% 0.05% 0.06% 0.11% 1.22% 0.30% 0.22% 0.27% 0.43% 0.55% 0.5596 0.00% 0.00% 0.00% 1.42% 0.53% 0.32% 0.18% 0.39% 100.00% 20.94% 6.93% 18.38% 53.75% 37.10% 11.34% 5.48% 8.60% 11.68% 59.01% 7.32% 0.48% 9.19% 42.02% 0.11% 0.02% 0.00% 0.03% 0.06% 0.37% 0.12% 0.05% 0.06% 0.14% 1.34% 0.33% 0.23% 0.27% 0.51% 0.51% 0.51% 0.00% 0.00% 0.00% 1.56% 0.61% 0.34% 0.17% 0.44% 100.00% 20.25% 6.58% 18.32% 54.85% (6) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 9/30/10 TOTAL OPERATING REVENUES (P.3) ADD: POLE RENTAL INTEREST INCOME ON CUSTOMER DEPOSITS LESS: OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE FORMULA INCOME (LOSS) (7) 24,942,395.75 17,914.36 444.14 (23,847,200.76) (3,054.27) 1,110,499.22 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 9/30/10 (8) MONTH OF MONTH OF % CHANGE YEAR THRU SEP 2009 SEP 2010 2009 2010 SEP 2009 SEP 2010 SALE OF KWH (P.5) 65,202,674 67,912,494 -6.639, 9.189, 190,374,430 207,844,407 KWH PURCHASED 55,562,196 61,414,052 -5.07% 9.92% 192,027,268 211,073,048 AVE BASE COST PER KWH 0.044545 0.039528 16.93% -9.36% 0.038648 0.035032 AVE BASE SALE PER KWH 0.056323 0.064808 9.65% 5.33% 0.056757 0.059783 AVE COST PER KWH 0.098061 0.095494 - 21.62% -4.01% 0.096431 0.092567 AVE SALE PER KWH 0.122820 0.123814 - 15.55% -6.55% 0.121647 0.113682 FUEL CHARGE REVENUE (P.3) 4,335,754.22 4,007,231.89 - 34.35% -9.32% 12,353,548.51 11,202,572.27 LOAD FACTOR 72.85% 52.11% WEAR LOAD 104,481 161,453 (8) ^, (D � � � N c� � (.� 0 (D i r1 U /11 W app a{. ( I O L d3S of end of Nnr of Nnr O L l dw of add OL adw o L aid o L Nvr 6003(l 60 nON 60100 60 d3S 60 9nv 60 -inr 60 Nnr 60 AM 60 add ■�i_i% 60 adW 60 03d 60 Ndr 80 034 80 AON 80100 cc 90 d3S 80 and .� so inr 80 Nnr so AM 80 add 80 UM 80 83d 80 Ndr LO 034 LO nON Lo 100 LO d3S ® Ul") 0 U-) ® L10) LO T- O CO (`- LO ,I- N r r z- ® O O ® O CD (i)- -6a to 69- 613- (a (a (wa TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 9/30/10 UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASH CASH - DEPRECIATION FUND CASH - CONSTRUCTION FUND CASH - TOWN PAYMENT CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - UNCOLLECTIBLE ACCTS RESERVE CASH - SICK LEAVE BENEFITS CASH - INSURANCE RESERVE CASH - HAZARD WASTE RESERVE CASH - CUSTOMER DEPOSITS CASH - ENERGY CONSERVATION CASH - OPEB TOTAL RESTRICTED CASH RESTRICTED INVESTMENTS RATE STABILIZATION SICK LEAVE BENEFITS ** OPEB * ** TOTAL RESTRICTED INVESTMENTS TOTAL CASH BALANCE SEP 2009 * FED HOME LOAN MTG CORP * FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED HOME LOAN MTG CORP ** FED NATIONAL MORT ASSN SEP 2010 * FREDDIE MAC ** FREDDIE MAC * ** FREDDIE MAC 1,400,000.00; 1,500,000.00; 500,000.00; 500,000.00; 500,000.00; 1,000,000.00; 1,000,000.00; 200,000.00; PREVIOUS YEAR CURRENT YEAR 4,285,835.90 4,876,701.60 3,000.00 3,000.00 4,288,835.90 4,879,701.60 5,008,575.87 516,206.71 860,175.00 2,926,273.14 2,357,417.40 28,988.15 1,380,148.16 35,251.72 150,000.00 493,602.07 0.00 0.00 2,900,000.00 1,500,000.00 0.00 4,400,000.00 22,445,474.12 4,887,487.58 0.00 873,750.00 1,183,528.25 4,376,663.29 200,000.00 2,022,668.83 0.00 150,000.00 500,259.67 389,066.29 613,775.82 15,197,199.73 1,000,000.00 1,000,000.00 200,000.00 2,200,000.00 22,276,901.33 DTD 05/08/08; INT 4.00 %; MATURITY 11/15/13 DTD 01/23/09; TNT 2.00 %; MATURITY 01/15/13 DTD 01/23/09; INT 2.00 %; MATURITY 01/15/13 DTD 01/25/08; INT 4.25 %; MATURITY 01/15/15 DTD 11/13/07; INT 5.25 %; MATURITY 11/13/17 DTD 09/10/10; INT 2.00 %; MATURITY 09/15/20 DTD 09/10/10; INT 2.00 %; MATURITY 09 /15/20 DTD 09/10/10; INT 2.00 %; MATURITY 09/15/20 (9) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 9/30/10 SCHEDULE OF ACCOUNTS RECEIVABLE RESIDENTIAL AND COMMERCIAL ACCOUNTS RECEIVABLE - OTHER ACCOUNTS RECEIVABLE - LIENS ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES SALES DISCOUNT LIABILITY RESERVE FOR UNCOLLECTIBLE ACCOUNTS TOTAL ACCOUNTS RECEIVABLE BILLED UNBILLED ACCOUNTS RECEIVABLE TOTAL ACCOUNTS RECEIVABLE, NET SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREPAYMENT PURCHASED POWER PREPAYMENT PASNY PREPAYMENT WATSON PURCHASED POWER WORKING CAPITAL TOTAL PREPAYMENT ACCOUNTS RECEIVABLE AGING SEPTEMBER 2010: RESIDENTIAL AND COMMERCIAL LESS: SALES DISCOUNT LIABILITY GENERAL LEDGER BALANCE CURRENT 30 DAYS 60 DAYS 90 DAYS OVER 90 DAYS (10) PREVIOUS YEAR 5,829,701.14 223,187.95 98,922.67 1,067.16 (312,778.86) (200,224.79) 5,639,875.27 4,172,944.58 SCHEDULE B CURRENT YEAR 5,831,505.29 72,406.59 54,049.80 1,067.16 (416,160.06) (239.860.62) 5,303,008.16 4,055,159.11 9,812,819.85 9,358,167.27 732,103.82 79,939.99 324,535.66 126,381.18 14,523.70 1,277,484.35 822,729.04 120,089.08 247,206.63 372,764.98 14,523.70 1,577,313..43 5,831,505.29 (416,160.06) 5,415,345.23 4,776,862.33 88.21% 465,131.56 8.59% 97,470.16 1.80% 14,214.01 0.26% 61,667.17 1.1496 5,415,345.23 100.00% TOWN. OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 9/30/10 (11) SCHEDULE D MONTH MONTH LAST YEAR CURRENT YEAR YTD SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 3,194,028.75 3,428,726.31 9,428,580.56 10,308,695.61 9.33% COMM AND INDUSTRIAL SALES 4,460,485.98 4,632,349.85 12,749,647.95 12,379,350.10 -2.90% PRIVATE STREET LIGHTING 10,574.80 10,611.85 31,471.77 29,798.51 -5.32% TOTAL PRIVATE CONSUMERS 7,665,089.53 8,071,688.01 22,209,700.28 22,717,844.22 2.29% MUNICIPAL SALES: STREET LIGHTING 46,979.43 47,053.36 139,880.26 134,214.85 -4.05% MUNICIPAL BUILDINGS 110,438.24 107,640.89 311,892.57 290,254.74 -6.94% TOTAL MUNICIPAL CONSUMERS 157,417.67 154,694.25 451,772.83 424,469.59 -6.0496 SALES FOR RESALE 44,990.60 46,881.91 123,636.97 133,677.10 8.12% SCHOOL 140,698.25 135,222.15 373,451.35 352,228.91 -5.68% SUB -TOTAL 8,408,486.32 23,628,219.82 23,158,561.43 8,008,196.05 FORFEITED DISCOUNTS 75,978.81 82,047.97 205,263.69 279,827.29 36.33% PURCHASED POWER CAPACITY 345,388.37 56,917.20 675,099.29 1,003,982.02 48.72% ENERGY CONSERVATION - RESIDENTIAL 11,850.66 12,545.43 35,329.68 41,425.75 17.25% ENERGY CONSERVATION - COMMERCIAL 40,549.50 41,875.35 116,975.08 122,120.12 4.40% GAW REVENUE 0.00 67,915.44 0.00 67,915.44 100.00% PASNY CREDIT (31,274.85) (52,662.99) (70,618.33) (201,094.69) 184.76% TOTAL REVENUE 24,120,610.84 3.4196 24,942,395.75 8,450,688.54 8,617,124.72 (11) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 9/30/10 TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 3,428,726.31 1,162,627.45 442,529.60 826,382.56 997,186.70 INDUS /MUNI BLDG 4,739,990.74 619,773.46 61,686.12 740,750.63 3,317,780.53 PUB.ST.LIGHTS 47,053.36 16,480.91 5,746.77 7,745.95 17,079.73 PRV.ST.LIGHTS 10,611.85 2,029.82 202.52 3,267.53 5,111.98 CO -OP RESALE 46,881.91 46,881.91 0.00 0.00 0.00 SCHOOL 135,222.15 49,226.83 29,084.40. 17,138.11 39,772.81 TOTAL 8,408,486.32 1,897,020.38 539,249.41 1,595,284.78 4,376,931.75 THIS YEAR TO DATE RESIDENTIAL 10,308,695.61 3,240,181.87 1,503,310.67 2,396,834.19 3,168,368.88 INDUS /MUNI BLDG 12,669,604.84 1,670,119.73 161,442.26 1,987,525.48 8,850,517.37 PUB.ST.LIGHTS 134,214.85 47,078.66 16,319.69 22,084.13 48,732.37 PRV.ST.LIGHTS 29,798.51 5,670.60 568.23 9,169.74 14,389.94 CO -OP RESALE 133,677.10 133,677.10 0.00 0.00 0.00 SCHOOL 352,228.91 130,156.34 77,552.77 45,951.92 98,567.88 TOTAL 23,628,219.82 5,226,884:30 1,759,193.60 4,461,565.47 12,180,576.45 LAST YEAR TO DATE RESIDENTIAL 9,428,580.56 2,890,163.32 1,385,556.37 2,192,775.65 2,960,085.22 INDUS /MUNI BLDG 13,061,540.52 1,727,260.58 164,511.34 2,070,841.14 9,098,927.46 PUB.ST.LIGHTS 139,880.26 48,433.41 17,329.71 23,210.25 50,906.89 PRV.ST.LIGHTS 31,471.77 6,207.22 605.33 9,648.09 15,011.13 CO -OP RESALE 123,636.97 123,636.97 0.00 0.00 0.00 - SCHOOL 373,451.35 144,469.44 80,686.89 43,572.68 104,722.34 TOTAL 23,158,561.43 4,940,170.94 1,648,689.64 4,340,047.81 12,229,653.04 PERCENTAGE OF OPERATING INCOME TO TOTAL TOTAL READING LYNNFIELD NO.READING WILMINGTON MONTH RESIDENTIAL 40.78% 13.83% 5.26% 9.83% 11.86% INDUS /MUNI BLDG 56.37% 7.37% 0.73% 8.81% 39.46% PUB.ST.LIGHTS 0.56% 0.20% 0.07% 0.09% 0.20% PRV.ST.LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% CO -OP RESALE 0.56% 0.56% 0.00% 0.00% 0.00% SCHOOL 1.61% 0.59% 0.35% 0.20% 0.47% TOTAL 100.00% 22.57% 6.41% 18.975. 52.05% THIS YEAR TO DATE RESIDENTIAL 43.62% 13.71% 6.36% 10.14% 13.41% INDUS /MUNI BLDG 53.62% 7.07% 0.68% 8.41% 37.46% PUB.ST.LIGHTS 0.57% 0.20% 0.07% 0.09% 0.21% PRV.ST.LIGHTS 0.13% 0.02% 0.00% 0.04% 0.07% CO -OP RESALE 0.57% 0.57% 0.00% 0.00% 0.00% SCHOOL 1.49% 0.55% 0.33% 0.19% 0.42% TOTAL 100.00% 22.12% 7.44% 18.8796 51.57% LAST YEAR TO DATE RESIDENTIAL 40.71% 12.48% 5.98% 9.47% 12.78% INDUS /MUNI BLDG 56.41% 7.46% 0.71% 8.94% 39.30% PUB.ST.LIGHTS 0.60% 0.21% 0.07% 0.10% 0.22% PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07% CO -OP RESALE 0.53% 0.53% 0.00% 0.00% 0.00 %` SCHOOL 1.61% 0.62% 0.35% 0.19% 0.45% TOTAL 100.00% 21.33% 7.11% 18.74% 52.82% (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 GAW REVENUE PASNY CREDIT TOTAL OPERATING REVENUES * ( ) = ACTUAL UNDER BUDGET TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 9/30/10 ACTUAL YEAR TO DATE 5,855,946.07 BUDGET YEAR TO DATE 5,042,237.00 SCHEDULE F VARIANCE * CHANGE 813,709.07 16.14% 6,208,856.17 5,888,295.00 320,561.17 5.44% 95,537.80 134,484.00 (38,946.20) - 28.96% 72,738.63 71,601.00 1,137.63 1.59% 192,568.88 180,557.00 12,011.88 6.65% 12,425,647.55 11,317,174.00 1,108,473.55 9.79% 11,202,572.27 11,406,646.00 (204,073.73) -1.79% 23,628,219.82 22,723,820.00 904,399.82 3.98% 279,827.29 248,978.00 30,849.29 12.39% 1,003,982.02 1,531,647.00 (527,664.98) - 34.459-o 41,425.75 33,607.00 7,818.75 23.27% 122,120.12 117,132.00 4,988.12 4.26% 67,915.44 30,000.00 37,915.44 126.38% (201,094.69) (150,000.00) (51,094.69) 34.06% 24,535,184.00 1.66% 24,942,395.75 407,211.75 (11B) OPERATION EXPENSES: PURCHASED POWER BASE EXPENSE OPERATION SUPER AND ENGIN -TRANS OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND EQUIPMT MAINT OF LINES - OH MAINT OF LINES - UG MAINT OF LINE TRANSFORMERS ** MAINT OF ST IT & SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MAINT OF METERS MAINT OF GEN PLANT TOTAL MAINTENANCE EXPENSES DEPRECIATION EXPENSE PURCHASED POWER FUEL EXPENSE VOLUNTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 9/30/10 SCHEDULE E MONTH MONTH LAST YEAR CURRENT YEAR LAST YEAR CURRENT YEAR TO DATE TO DATE 2,475,027.86 2,427,569.76 7,421,401.77 7,394,319.87 YTD % CHANGE -0.36% 0.00 0.00 0.00 0.00 0.00% 39,316.66 32,983.02 88,304.22 109,258.51 23.73% 3,041.18 8,854.66 3,792.34 27,089.18 614.31% 40,259.95 61,729.52 147,202.51 164,350.72 11.65% 51,883.41 37,174.79 126,194.80 110,737.93 - 12.25% 4,444.35 7,817.59 9,459.02 15,020.66 58.80% 40,045.93 24,776.80 90,347.54 73,107.44 - 19.08% 29,133.18 27,519.45 76,521.87 80,855.09 5.66% 5,858.55 5,917.73 22,726.60 22,009.71 -3.15% 108,645.76 81,125.71 323,359.74 264,471.25 - 18.21% 12,500.00 15,000.00 37,500.00 45,000.00 20.00% 46,996.66 25,886.91 112,734.47 100,234.76 - 11.09% 71,662.11 50,219.08 186,741.64 163,450.61 - 12.47% 30,205.39 30,503.34 55,263.89 76,050.49 37.61% 45,557.27 30,437.82 55,038.22 47,969.70 - 12.84% 34,055.43 30,631.88 96,095.25 92,465.64 -3.78% 7,965.14 4,552.67 14,088.43 12,480.70 - 11.41% (20,088.10) 87,249.11 101,203.32 382,163.37 277.62% 14,438.29 7,680.48 35,634.43 32,201.36 -9.63% 14,001.46 14,027.39 41,415.37 41,582.65 0.40% 21,587.60 19,909.65 53,403.80 83,362.04 56.10% 601,510.22 603,997.60 1,677,027.46 1,943,861.81 15.91% 227.08 227.08 681.24 681.24 0.00% 10,906.27 3,648.18 14,228.32 21,871.74 53.72% 109,869.01 85,341.70 210,658.76 268,279.13 27.35% 21,228.33 11,213.19 34,975.99 35,919.81 2.70% 16,550.27 110,452.49 27,387.21 557,336.83 1935.03% (19.01) (48.81) (87.81) (145.95) 66.21% 50,749.36 39,880.85 128,670.88 126,724.53 -1.51% 0.00 0.00 531.31 0.00 - 100.00% 7,052.36 10,008.07 20,232.12 24,203.18 19.63% 216,563.67 260,722.75 437,278.02 1, 034, 870. 51 136.66% 280,105.78 287,729.05 840,317.34 863,187.15 2.72% 2,973,452.04 3,437,081.39 11,096,051.29 12,144,061.42 9.44% 104,500.00 110,000.00 313,500.00 330,000.00 5.26% 6,651,159.57 8.83% 23,710,300.76 7,127,100.55 21,785,575.88 ** FY 11 YTD total includes CAW soil remediation expenses totalling $528,012.64 Total costs to date for entire project is $1,624,444.44 (12) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 9/30/10 OPERATION EXPENSES: PURCHASED POWER BASE EXPENSE OPERATION SUPER AND ENGIN -TRANS OPERATION SUP AND ENGINEERING EXP STATION SUP LABOR AND MISC LINE MISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE METER EXPENSE MISC DISTRIBUTION EXPENSE METER READING LABOR & EXPENSE ACCT & COLL LABOR & EXPENSE UNCOLLECTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADMIN & GEN SALARIES OFFICE SUPPLIES & EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS & BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION TOTAL OPERATION EXPENSES MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT MAINT OF STRUCT AND 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 YWAN-514114-swe1 ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE 7,394,319.87 7,331,140.00 63,179.87 0.86% 0.00 0100 0.00 109,258.51 108,577.00 681.51 27,089.18 20,930.00 6,159.18 164,350.72 132,040.00 32,310.72 110,737.93 103,960.00 6,777.93 15,020.66 16,905.00 (1,884.34) 73,107.44 118,571.00 (45,463.56) 80,855.09 85,141.00 (4,285.91) 22,009.71 16,153.00 5,856.71 264,471.25 340,116.00 (75,644.75) 45,000.00 45,000.00 0.00 100,234.76 114,546.00 (14,311.24) 163,450.61 190,528.00 (27,077.39) 76,050.49 69,532.00 6,518.49 47,969.70 96,132.00 (48,162.30) 92,465.64 119,709.00 (27,243.36) 12,480.70 16,539.00 (4,058.30) 382,163.37 335,574.00 46,589.37 32,201.36 50,585.00 (18,383.64) 41,582.65 53,001.00 (11,418.35) 83,362.04 166,563.00 (83,200.96) 1,943,861.81 2,200,102.00 (256,240.19) 0.00% 0.63% 29.439. 24.47% 6.529. -11.15% -38.34% -5.03% 36.26% -22.24% 0.00% -12.49 % -14.21% 9.37% -50.10% -22.76% -24.54% 13.88% -36.34% -21.54% -49.95% -11.65% 681.24 750.00 (68.76) -9.17% 21,871.74 47,768.00 (25,896.26) - 54.21% 268,279.13 292,252.00 (23,972.87) - 8.20% 35,919.81 47,591.00 (11,671.19) - 24.52% 557,336.83 474,626.00 82,710.83 17.4390 (145.95) 2,233.00 (2,378.95) - 106.54% 126,724.53 146,620.00 (19,895.47) - 13.57% 0.00 953.00 (953.00) - 100.00% 24,203.18 33,000.00 (8,796.82) - 26.66% 1,034,870.51 1,045,793.00 (10,922.49) -1.04% 863,187.15 875,001.00 (11,813.85) -1.35% 12,144,061-.42 11,775,937.00 368,124.42 3.13% 330,000.00 330,000.00 0.00 0.00% TOTAL OPERATING EXPENSES 23,710,300.76 23,557,973.00 152,327.76 0.65% * ( ) = ACTUAL UNDER BUDGET ** FY 11 YTD total includes GAW soil remediation expenses totalling $528,012.64 Total costs to date for entire project is $1,624,444.44 (12A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 9/30/10 ** FY 11 YTD total includes GAW soil remediation expenses totalling $528,012.64 Total costs to date for entire project is $1,624,444.44 (12B) RESPONSIBLE REMAINING SENIOR 2011 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE" BUDGET % PURCHASED POWER BASE EXPENSE JP 27,711,574.00 7,394,319.87 20,317,254.13 73.3291 OPERATION SUPER AND ENGIN -TRANS KS 0.00 0.00 0.00 0.00% OPERATION SUP AND ENGINEERING EXP KS 441,828.00 109,258.51 332,569.49 75.27% STATION SUP LABOR AND MISC KS 85,205.00 27,089.18 58,115.82 68.215. LINE MISC LABOR AND EXPENSE KS 520,806.00 164,350.72 356,455.28 68.44% STATION LABOR AND EXPENSE KS 426,438.00 110,737.93 315,700.07 74.03% STREET LIGHTING EXPENSE KS 66,694.00 15,020.66 51,673.34 77.48% METER EXPENSE DA 482,771.00 73,107.44 409,663.56 84.86% MISC DISTRIBUTION EXPENSE JD 347,115.00 80,855.09 266,259.91 76.71% METER READING LABOR & EXPENSE DA 64.,358.00 22,009.71 42,348.29 65.80% ACCT & COLL LABOR & EXPENSE RF 1,397,984.00 264,471.25 1,133,512.75 81.08% UNCOLLECTIBLE ACCOUNTS RF 180,000.00 45,000.00 135,000.00 75.00% ENERGY AUDIT EXPENSE JP 494,776.00 100,234.76 394,541.24 79.74% ADMIN & GEN SALARIES VC 776,849.00 163,450.61 613,398.39 78.96% OFFICE SUPPLIES & EXPENSE VC 278,100.00 76,050.49 202,049.51 72.65% OUTSIDE SERVICES VC 293,500.00 47,969.70 245,530.,30 83.665. PROPERTY INSURANCE JD 478,900.00 92,465.64 386,434.36 80.6991 INJURIES AND DAMAGES JD 64,805.00 12,480.70 52,324.30 80.74% EMPLOYEES PENSIONS & BENEFITS JD 1,188,607.00 382,163.37 806,443.63 67.85% MISC GENERAL EXPENSE VC 212,096.00 32,201.36 179,894.64 84.82% RENT EXPENSE JD 212,000.00 41,582.65 170,417.35 80.39% ENERGY CONSERVATION JP 643,730.00 83,362.04 560,367.96 100.00% TOTAL OPERATION EXPENSES 8,656,562.00 1,943,861.81 6,712,700.19 77.54% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 681.24 2,318.76 77.29% MAINT OF STRUCT AND EQUIPMT KS 187,404.00 21,871.74 165,532.26 88.33% MAINT OF LINES - OH KS 1,199,735.00 268,279.13 931,455.87 77.64% MAINT OF LINES - UG' KS 190,258.00 35,919.81 154,338.19 81.12% MAINT OF LINE TRANSFORMERS ** KS 693,500.00 557,336.83 136,163.17 19.63% MAINT OF ST LT & SIG SYSTEM JD 8,857.00 (145.95) 9,002.95 101.65% MAINT OF GARAGE AND STOCKROOM JD 676,532.00 126,724.53 549,807.47 81.27% MAINT OF METERS DA 3,875.00 0.00 3,875.00 100.00% MAINT OF GEN PLANT RF 132,000.00 24,203.18 107,796.82 81.66% TOTAL MAINTENANCE EXPENSES 3,095,161.00 1,034,870.51 2,060,290.49 66.56% DEPRECIATION EXPENSE RF 3,500,000.00 863,187.15 2,636,812.85 75.34% PURCHASED POWER FUEL EXPENSE JP 39,512,664.00 12,144,061.42 27,368,602.58 69.27% VOLUNTARY PAYMENTS TO TOWNS RF 1,320,000.00 330,000.00 990,000.00 75.00% TOTAL OPERATING EXPENSES 71.70% 60,085,660.24 83,795,961.00 23,710,300.76 ** FY 11 YTD total includes GAW soil remediation expenses totalling $528,012.64 Total costs to date for entire project is $1,624,444.44 (12B) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 9/30/2010 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 23,250.00 36,000.00 (12,750.00) 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 5,000.00 0.00 5,000.00 3 LEGAL- FERC /ISO ISSUES ENERGY SERVICE 0.00 4,500.00 (4,500.00) 4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 769.01 12,000.00 (11,230.99) 5 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 7,500.00 (7,500.00) 6 NERC COMPLIANCE E & 0 1,800.00 1,875.00 (75.00) 7 ENGINEERING STUDIES ENGINEERING 0.00 3,750.00 (3,750.00) 8 LEGAL SERVICES- GENERAL GM 17,006.94 12,501.00 4,505.94 9 LEGAL SERVICES - ARBITRATION HR 0.00 0.00 0.00 10 LEGAL GENERAL HR 143.75 10,500.00 (10,356.25) 11 LEGAL GENERAL BLDG. MAINT. 0.00 375.00 (375.00) 12 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 1,251.00 (1,251.00) 13 ENVIRONMENTAL BLDG. MAINT. 0.00 1,251.00 (1,251.00) 14 ENGINEERING SERVICES BLDG. MAINT. 0.00 2,130.00 (2,130.00) 15 INSURANCE CONSULTANT GEN. BENEFIT 0.00 2,499.00 (2,499.00) TOTAL 47,969.70 96,132.00 (48,162.30) PROFESSIONAL SERVICES BY VENDOR ACTUAL MELANSON HEATH & COMPANY PC 24,817.77 RUBIN AND RUDMAN 10,506.14 DUNCAN AND ALLEN 5,702.04 CHOATE HALL AND STEWART 143.75 UTILITY SERVICES INC. 1,800.00 STONE CONSULTING INC. 5,000.00 TOTAL 47,969.70 (13) RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 DIVISION ACTUAL BUDGET VARIANCE ENGINEERING AND OPERATIONS 1,450,692 1,436,704 13,989 ENERGY SERVICES 184,291 305,234 (120,943) GENERAL MANAGER 146,295 184,092 (37,797) FACILITY MANAGER 751,628 788,898 (37,270) BUSINESS DIVISION 2,185,038 2,282,714 (97,676) SUB -TOTAL 4,717,944 4,997,642 (279,698) PURCHASED POWER - BASE 7,394,320 7,331,140 63,180 PURCHASED POWER - FUEL 12,144,061 11,775,937 368,124 TOTAL 24,256,325 24,104,719 151,606 CHANGE 0.97% - 39.62% -20.53% -4.72% -4.28% -5.60% 0.86% 3.13% 0.63% 9:09 AM 30,945 RMLD 27,846 88,541 93,778 -5.58% 10/26/2010 ENGINEERING AND OPERATIONS DIVISION BUDGET VARIANCE REPORT 5,058 11,633 9,999 FOR PERIOD ENDING SEPTEMBER 30, 2010 01 -65 -5580 -103 EE EDUCATION 0 0 0 0 2,500 - 100.00% ACTUAL BUDGET ACT /BUD 465 10,238 1,125 810.07% YTD YTD VARIANCE E &O MGR 55 JUL AUG SEP TOTAL TOTAL 6 01 -55 -5920 -101 LABOR REG 15,351 13,955 13,895 43,201 44,095 -2.03% 01 -55- 5920 -102 LABOR OT 0 0 0 0 250 - 100.00% 01 -55 -5921 -000 OFFICE SUPPLIES 0 28 0 28 126 - 77.75% 01 -55 -5930 -103 EE EDUCATION 0 0 893 893 11500 - 40.43% 01 -55- 5930 -106 VEHICLE (792) (165) (481) (1,439) 1,174 - 222.57% 01 -55- 5923 -000 OUTSIDE SERVICES 0 0 1,800 1,800 1,875 -4.00% 01 -55 -5930 -105 MISC GENERAL 348 165 54 567 126 350.01% SUB -TOTAL 14,907 13,983 16,161 45,050 49,146 -8.33% ENGINEERING 65 01 -65- 5580 -101 LABOR REG 30,945 29,750 27,846 88,541 93,778 -5.58% 01 -65 -5580 -102 LABOR OT 5,241 1,333 5,058 11,633 9,999 16.34% 01 -65 -5580 -103 EE EDUCATION 0 0 0 0 2,500 - 100.00% 01 -65- 5580 -105 SUPPLIES 91599 175 465 10,238 1,125 810.07% 01 -65- 5580 -106 VEHICLE (635) (133) (386) (1,154) 1,174 - 198.29% 01 -65- 5921 -000 OFFICE SUPPLIES 75 6 43 125 249 - 49.85% 01 -65- 5923 -000 OUTSIDE SERVICES 0 0 0 0 3,750 - 100.005. SUB - TOTAL" 45,225 31,132 33,026 109,383 112,575 - 2.83% T 66 01 -66- 5568 -109 MAINT OF TRANS EXP 227 227 227 681 750 -9.17% 01 -66 -5581 -101 LABOR MISC 42,650 38,225 46,504 127,380 95,666 33.15% 01 -66 -5581 -109 GENERAL EXP 7,059 12,028 11,074 30,161 24,999 20.65% 01 -66 -5581 -103 EE EDUCATION 2,206 453 4,151 6,810 11,375 - 40.13% 01 -66- 5585 -109 STREET LIGHT EXP 700 .1,604 2,797 5,101 5,001 2.00% 01 -66- 5585 -101 LABOR REG ST LIGHT 1,557 1,743 2,878 6,179 4,783 29.17% 01 -66- 5585 -102 LABOR OT ST LIGHT 377 65 871 1,313 1,251 4.96% 01 -66- 5585 -106 VEHICLE ST LIGHT 355 801 1,272 2,428 5,869 - 58.63% 01- 66- 5593 -109 MAINT OF LINES 7,580 2,592 11,462 21,634 22,251 -2.77% 01 -66- 5593 -101 LABOR REG MAINT LINE 3 0,857 36,751 4,766 72,373 74,772 - 3.21% 01 -66- 5593 -102 LABOR OT MAINT LINE 45,585 21,265 43,161 110,011 65,010 69.22% 01 -66 -5593 -106 VEHICLE MAINT OR LINE (5,468) 12,938 7,575 15,046 39,908 - 62.30% 01 -78- 5593 -110 TREE TRIMMING 13,892 16,945 18,378 49,215 90,311 - 45.50% 01- 66- 5594 -109 MAINT UG LINE 18,587 1,374 11,213 31,174 39,999 - 22.06% 01- 66- 5594 -101 LABOR REG UG LINES 3,541 279 371 4,191 3,419 22.59% 01 -66- 5594 -102 LABOR OT UG LINE 0 583 0 583 2,499 - 76.67% 01 -66- 5594 -106 VEHICLE UG LINE 274 69 (370) (28) 1,675 - 101.65% 01 -66- 5596 -109 ST LT & SIG EXP 0 0 (20) (20) 63 - 131.75% 01 -66- 5596 -101 LABOR REG ST LT /SG 0 0 0 0- 1,519 - 100.00% 01 -66 -5596 -102 LABOR OT ST LT /SG 0 0 0 0 63 - 100.00% 01- 66- 5596 -106 VEHICLE ST LT /SG (80) (17) (29) (126) 587 - 121.46% 01 -66- 5921 -000 OFFICE SUPPLIES 0 0 0 0 63 - 100.,00% SUB -TOTAL 169,900 147,925 166,280 484,106 491,833 Page 1 9:09" AM _ RMLD 10/26/2010 ENGINEERING AND OPERATIONS DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 STATION 68 01 -68- 5581 -109 STATION OP 01 -68- 5581 -101 LABOR REG SUP 01 -68- 5582 -109 STATION SUPPLIES 01 -68- 5582 -101 LABOR REG 01 -68- 5582 -102 LABOR OT 01 -68- 5582 -103 EE EDUCATION 01 -68- 5582 -105 SUPPLIES 01 -68- 5582 -106 VEHICLE SUB -TOTAL 01 -68- 5590 -109 SENIOR TECH EXP 01 -68- 5590 -101 LABOR REG 01 -68- 5590 -102 LABOR OT 01 -68- 5590 -103 EE EDUCATION 01 -68- 5590 -105 SUPPLIES 01 -68- 5590 -106 VEHICLE 01 -68- 5595 -000 TRANSFORMER MAINT 01- 68- 5597 -109 MAINT METERS 01 -68- 5597 -101 LABOR REG 01 -68- 5597 -102 LABOR OT 01 -68- 5921 -000 OFFICE SUPPLIES C-_),II+�Ii 4A GRAND TOTAL 603 385 385 1,373 ACTUAL BUDGET 7,845 8,470 25,716 19,679 YTD YTD METER READING 80 JUL AUG SEP TOTAL TOTAL 01 -80- 5902 -101 LABOR REG 8,133 5,003 4,823 17,960 13,843 01 -80- 5902 -102 LABOR OT 1,138 0 101 1,239 250 01 -80- 5902 -105 SUPPLIES 36 0 12 48 300 01 -80- 5902 -106 VEHICLE 725 1,056 982 2,763 1,761 SUB -TOTAL 10,033 6,059 5,918 22,010 16,154 METER TECHNICIANS 67 (1,512) 29 0 (1,483) 01 -67- 5586 -109 METER TECH EXP 1,143 1,615 134 2,892 3,249 01 -67- 5586 -101 LABOR REG 21,587 23,846 24,838 70,271 79,701 01-67-5586-102 LABOR OT 647 202 472 1,321 30,849 01 -67- 5586 -103 EE EDUCATION 0 0 0 0 1,250 01 -67- 5586 -106 VEHICLE (899) 189 (667) (1,377) 3,521 01 -67- 5921 -000 OFFICE SUPPLIES 0 0 0 0 63 SUB -TOTAL 22,478 25,853 24,777 73,107 118,633 _ STATION 68 01 -68- 5581 -109 STATION OP 01 -68- 5581 -101 LABOR REG SUP 01 -68- 5582 -109 STATION SUPPLIES 01 -68- 5582 -101 LABOR REG 01 -68- 5582 -102 LABOR OT 01 -68- 5582 -103 EE EDUCATION 01 -68- 5582 -105 SUPPLIES 01 -68- 5582 -106 VEHICLE SUB -TOTAL 01 -68- 5590 -109 SENIOR TECH EXP 01 -68- 5590 -101 LABOR REG 01 -68- 5590 -102 LABOR OT 01 -68- 5590 -103 EE EDUCATION 01 -68- 5590 -105 SUPPLIES 01 -68- 5590 -106 VEHICLE 01 -68- 5595 -000 TRANSFORMER MAINT 01- 68- 5597 -109 MAINT METERS 01 -68- 5597 -101 LABOR REG 01 -68- 5597 -102 LABOR OT 01 -68- 5921 -000 OFFICE SUPPLIES C-_),II+�Ii 4A GRAND TOTAL 603 385 385 1,373 1,251 9,402 7,845 8,470 25,716 19,679 (1,701) (78) (197) (1,977) 1,251 30,236 27,667 19,214 77,117 70,247 10,152 7,436 17,211 34,799 30,000 0 0 602 602 1,875 74 64 489 627 0 (237) (50) (144) (431) 587 48,529 43,269 46,030 137,827 124_,_890 (1,512) 29 0 (1,483) 5,000 8,364 9,919 -3,123 21,406 37,433 1,290 168 588 2,045 2,499 0 0 0 0 1,251 45 208 81 334 999 (237) (50) (144) (431) 587 49,473 397,411 110,452 557,337 474,626 0 0 0 0 249 0 0 0 0 577 0 0 0 0 126 0 0 0 0 126 57,423 407,685 114,101 579,209 523,473 368 494 675,906 406,292 1,450,692 1,436,704 Page 2 ACT /BUD VARIANCE 0 29.73% 395.58% -84.00% 56.94% 36.25% - 10.98% -11.83% -95.72% - 100.00% - 139.11% - 100.00% - 38.38% 9.76% 30.68% - 258.00% 9.7V 16.01 - 67.91% 100.00% - 173.42 10.36% - 129.66% - 42.82% - 18.15% - 100.00% -66.54% - 173.42 17.43% - 100.00% -100.00% - 100.00% - 100.00% 10.65% 9:07 AM RMLD 10/26/2010 BUSINESS DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 ACCOUNTING 59 01 -59- 5903 -101 LABOR REG 01 -59- 5903 -102 LABOR OT 01 -59- 5903 -103 EE EDUCATION 01 -59 -5903 -105 SUPPLIES 01 -59 -5921 -000 OFFICE SUPPLIES 01 -59- 5923 -000 OUTSIDE SERVICES SUB -TOTAL CUSTOMER SERVICE 62 01 -62- 5903 -101 LABOR REG 01- 62- 5903 -102 LABOR OT 01 -62 -5903 -103 EE EDUCATION 01 -62- 5903 -105 SUPPLIES 01 -62- 5903 -106 VEHICLE 01 -62 -5904 -000 UNCOLLECT ACCOUNTS 01 -62 -5921 -000 OFFICE SUPPLIES 4#17-35011034 MI 1 01 -61- 5903 -101 LABOR REG 01 -62- 5903 -102 LABOR OT 01 -61- 5903 -103 EE EDUCATION 01 -61- 5903 -105 SUPPLIES 01 -61- 5935 -000 MAINT GEN PLANT 01 -61 -5921 -000 OFFICE SUPPLIES SUB -TOTAL MISCELLANEOUS DEDUCTIONS 57/77 34,762 31,632 30,130 ACTUAL BUDGET ACT /BUD 41 0 0 YTD YTD VARIANCE JUL AUG SEP TOTAL TOTAL % 15,020 13,836 13,628 42,485 47,364 - 10.30% 0 0 0 0 100 - 100.00% 0 0 0 0 0 0.00% 13,757. 2,708 2,165 18,631 70,350 - 73.52% 18,407 26,404 29,549 74,360 63,750 16.64% 1,250 4,000 23,000 28,250 36,000 - 21.53% 48,434 46,949 68,342 163,725 217,564 - 24.75% 34,762 31,632 30,130 96,523 111,898 - 13.74% 41 0 0 41 1,000 - 95.89% 4,437 152 188 4,778 750 537.05% 0 0 0 0 3,750 - 100.00% (792) (165) (481) (1,439) 1,174 - 222.57% 15,000 15,000 15,000 45,000 45,000 0.00% 0 0 0 0 600 - 100.00% 53,448 46,618 44,837 144,904 164,171 - 11.74% 33,295 31,965 33,442 98,702 95,029 3.86% 0 0 0 0 200 - 100.00% 0 0 495 495 2,500 - 80.20% 995 1,703 1,557 4,256 6,000 - 29.07% 6,901 7,294 10,008 24,203 33,000 - 26.66% 619 0 680 1,299 3,000 - 56.70% 41,810 40,962 46,183 128,955 139,729 -7.71% 01 -77 -5403 -000 DEPRECIATION EXP 287,729 287,729 287,729 863,187 875,001 01 -77- 5408 -000 VOLUNTARY PAYMENTS 110,000 110,000 110,000 330,000 330,000 01 -77 -5419 -000 INTEREST EXP 1,017 1,019 1,018 3,054 3,000 01 -77- 5426 -000 OTHER DEDUCTIONS 180,990 180,990 180,990 542,970 543,750 01 -57- 5920 -101 AC /BUS MGR LABOR REG 2,718 2,738 2,738 8,193 8,898 01 -57- 5930 -109 AC /BUS MGR MISC GEN 0 0 50 50 600 SUB -TOTAL 582,454 582,476 582,525 1,747,455 1,761 249 GRAND TOTAL 726,145 717,005 741,888 2,185,038 2 282 714 Page 3 -1.35% 0.00% 1.81% -0.14% -7.92% -91.67% -0.78% -4.28% 11:33 AM RMLD 10/26/2010 FACILITY MANAGER DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 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 SUB -TOTAL 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 SUB -TOTAL GRAND TOTAL ACT /BUD VARIANCE - 30.57% -83.49% - 100.00% - 100.00% - 100.00% - 22.76% -24,54% 13.88% -98.00% -21.54% -1.41% (50) (40) (80) ACTUAL BUDGET - 99.70% 6,712 5,261 YTD YTD JUL AUG SEP TOTAL TOTAL 7,713 4,547 2,963 15,224 21,928 0 0 42 42 255 0 0 0 0 1,251 0 0 0 0 249 0 0 0 0 2,499 30,632 31,202 30,632 92,466 119,709 4,380 3,548 4,553 12,481 16,539 195,092 99,822 87,249 382,163 335,574 0 0 15 15 750 13,446 14,110 14,027 41,583 53,001 251,263 153,229 139,482 543,973 551,755 ACT /BUD VARIANCE - 30.57% -83.49% - 100.00% - 100.00% - 100.00% - 22.76% -24,54% 13.88% -98.00% -21.54% -1.41% (50) (40) (80) (170) (56,280) - 99.70% 6,712 5,261 7,751 19,725 14,236 38.56% 669 482 268 1,419 1,950 - 27.23% 0 0 0 0 500 - 100.00% (45,602) (13,689) (31,184) (90,475) 98,283 - 192.06% 38,271 7,986 23,244 69,501 (58,689) - 218.42% 0 0 (0) 0 0 0.00% 0 75 0 75 5,007 - 98.51% 9,459 11,960 10,407 31,825 29,657 7.31% 1,310 1,745 2,565 5,620 3,000 87.33% 0 0 0 0 500 - 100.00% 14,643 47,727 26,909 89,279 113,462 - 21.31% 25,413 61,506 39,881 126,799 151,626 - 16.37% 1,662 3,648 4,375 9,685 11,250 - 13.91% 22,053 20,048 20,028 62,129 68,378 -9.14% 0 0 0 0 999 - 100.00% 0 0 75 75 525 - 85.71% 937 4,988 3,042 8,967 3,750 139.11% 0 0 0 0 240 - 100.00% 0 0 0 0 375 - 100.00% 24,652 28,684 27,519 80,855 85,517 -5.45% 301,328 243,418 206 881 751,628 788,898 -4.72% Page 4 9:07 AM 10/26/2010 GENERAL MANAGER 51 01 -51- 5920 -101 LABOR REG 01 -51 -5921 -000 OFFICE SUPPLIES 01 -51- 5923 -000 OUTSIDE SERVICES 01 -51- 5930 -103 EE EDUCATION 01 -51- 5930 -105 MISC GENERAL 01 -51- 5930 -106 VEHICLE SUB -TOTAL HUMAN RESOURCES 52 01 -52- 5920 -101 LABOR REG 01 -52 -5921 -000 OFFICE SUPPLIES 01 -52 -5923 -000 OUTSIDE SERVICES 01 -52- 5930 -103 EE EDUCATION 01 -52- 5930 -105 SUPPLIES 01 -52- 5930 -109 MISC GENERAL SUB -TOTAL COMMUNITY RELATIONS 54 0" -4- 5920 -101 LABOR REG 0 e -5921 -000 OFFICE SUPPLIES 01 -54- 5930 -109 MISC GENERAL 01 -54- 5930 -103 EE EDUCATION 01 -54- 5930 -105 SUPPLIES SUB -TOTAL CAB 56 01 -56- 5920 -101 LABOR REG 01 -56- 5920 -102 LABOR OT 01 -56- 5930 -109 MISC GENERAL SUB -TOTAL BOARD 58 01 -58- 5930 -109 MISC GENERAL SUB -TOTAL GRAND TOTAL RMLD GENERAL MANAGER DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 8,562 7,750 7,630 ACTUAL BUDGET ACT /BUD 0 0 0 YTD YTD VARIANCE JUL AUG SEP TOTAL TOTAL % 20,099 18,546 18,546 57,190 60,273 -5.11% 8 545 189 197 624 - 68.49% 1,568 10,010 5,429 17,007 12,501 36.04% 475 1,061 0. 1,536 2,125 - 27.73% 4,241 4,133 5,034 13,407 13,749 -2.49% (792) (165) (481) (1,439) 1,174 - 222.57% 25,598 33,584 28,716 87,898 90,446 -2.82% 8,562 7,750 7,630 23,943 30,649 - 21.88% 0 0 0 0 50 - 100.00% 0 144 0 144 10,500 - 98.63% 0 0 0 0 1,600 - 100.00% 0 545 0 545 150 263.33% 300 185 82 567 3,696 - 84.66% 8,862 8,624 7,712 25,198 46,645 - 45.98% 5,894 5,358 4,387 15,639 22,875 - 31.63% 0 0 0 0 125 - 100.00% 284 7,785 1,998 10,066 17,767 - 43.34% 150 0 0 ISO 0 100.00% 0 0 517 517 125 313.68% 6,328 13,143 6,901 26,372 40,892 - 35.51% 0 0 61 61 1,259 - 95.19% 0 0 0 0 300 - 100.00% 1,100 2,001 0 3,101 2,175 42.57% 1,100 2,001 61 3,161 3,734 - 15.34% 1,650 2,014 0 3,664 2,375 1,650 2,014 0 3,664 2,375 43,538 59,366 43,390 146,295 184 092 Page 5 54.29% 54.29% - 20.53$. 9:06 AM 10/26/2010 RMLD ENERGY SERVICES DIVISION BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2010 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 PROG 01 -75 -5916 -503 COMM CONSERVE OTHER GRAND TOTAL Page 6 ACTUAL BUDGET ACT /BUD YTD YTD VARIANCE JUL AUG SEP TOTAL TOTAL 325 1,825 3,325 5,475 6,000 -8.75% 35,749 30,521 26,035 92,305 106,795 - 13.57. 894 1,495 27 2,416 1,250 93.31% 3,538 0 (3,500) 38 501 - 92.42% 0 0 0 0 126 - 100.00% 0 485 209 694 24,000 - 97.11% 11,667 10,534 19,054 41,254 49,408 - 16.50% 0 0 0 0 5,251 - 100.00% 27,912 5,800 (2,914) 30,798 99,651 - 69.09% 3,770 3,770 3,770 11,310 12,252 -7.69% 83,855 54,430 46,005 184,291 305,234 - 39.62% Page 6 RMLD DEFERRED FUEL CASH RESERVE ANALYSIS 9/30/10 GROSS MONTHLY TOTAL DATE CHARGES REVENUES PASNY CREDIT DEFERRED DEFERRED Jun -10 2,326,112.09 Jul -10 4,555,108.56 3,536,618.90 (98,501.74) (1,116,991.40) 1,209,120.69 Aug -10 4,151,871.47 3,658,721.48 (49,929.96) (543,079.95) 666,040.74 Sep -10 3,437,081.39 4,007,231.89 (52,662.99) 517,487.51 1,183,528.25 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2011 ACTUAL 11 BUD JUL AUG SEP TOTAL 10 10 10 GENERAT_. MANAGER GENERAL MANAGER 2 2 2 2 HUMAN RESOURCES 1.5 1 1 1 COMMUNITY RELATIONS 1.5 1 1 1 TOTAL 5 4 4 4 R_TT._S' T_NER A ACCOUNTING 2 2 2 .2 CUSTOMER SERVICE 9 8 8 8 MGMT INFORMATION SYS 6 6 6 6 MISCELLANEOUS 1 1 1 1 TOTAL 18 17 17 17 FnTCTNEERTNG & OPERATIONS AGM E &O 2 2 2 2 ENGINEERING 5 5 5 5 LIME 20 19 19 19 METER 6 6 6 6 STATION 9 9 9 9 TOTAL 42 41 41 41 PROJECT BUILDING 2 2 2 2 GENERAL BENEFITS 2 2 2 2 TRANSPORTATION 0 0 0 0 MATERIALS MGMT 4 4 4 4' TOTAL 8 8 8 8 'c'*TRVnY G'F!R�7T["G!G ENERGY SERVICES 6 6 5 5 TOTAL 6 6 5 5 RMLD TOTAL 79 76 75 75 CONTRACTORS UG LINE 2 2 2 2 TOTAL 2 2 2 2 GRAND TOTAL 81 78 77 77 To: Vincent Cameron From: Energy Services Date: October 22, 2010 Subject: Purchase Power Summary — September, 2010 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of September, 2010. ENERGY The RMLD's total metered load for the month was 61,354,589 kWhs, which was an increase of 10.56 % compared to September, 2009 figures. Table 1 is a breakdown by source of the energy purchases. Resource Millstone #3 Seabrook Stonybrook Constellation PASNY ISO Interchange NEMA Congestion Coop Resales Stonybrook Peaking MacQuarie Braintree Watson Unit Amount of Energy (kWh) 3,548,252 5,679,440 3,851,656 14,400,000 1,642,364 7,923,714 0 57,837 203,828 23,304,000 802,961 TABLE 1 Cost of % of Total Energy Energy ($ /Mwh) 0.10% $1.01 5.78% $8.86 9.25% $50.62 6.27% $60.96 23.45% $4.92 2.67% $73.48 12.90 % $0.00 0.00% $131.95 0.09% $172.90 0.33% $70.20 37.95% $56.32 1.31% Monthly Total 61,414,052 $55.95 100.00% Total $ $ as a Costs % $3,596 0.10% $50,319 1.46% $194,971 5.67% $877,824 25.55% $8,080 0.24% $582,949 16.97% - $5,529 -0.16% $7,632 0.22% $35,242 1.03% $1,635,826 47.61% $45,224 1.32% $3,436,135 100.00% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of September, 2010. CAPACITY The RMLD hit a demand of 161,453 kWs, which occurred on September 1, 2010 at 5 pm. The RMLD's monthly UCAP requirement for September 2010 was 212,197 Ms. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount (kWs) Table 2 Total Cost $ % of Total Cost Amount Cost % of Total Resource of Energy of Energy Energy $56.59 (kWh) ($ /Mwh) Stonybrook Peaking ISO DA LMP - 7,326,268 50.65 - 11.93% Settlement 42,925 $3.29 $141,236 RT Net Energy 15,249,982 51.64 24.83% Settlement 0.79% HQICC 6,570 ISO Interchange 7,923,714 52.55 12.90% (subtotal) $3.64 $415,829 27.47% Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of September, 2010. CAPACITY The RMLD hit a demand of 161,453 kWs, which occurred on September 1, 2010 at 5 pm. The RMLD's monthly UCAP requirement for September 2010 was 212,197 Ms. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount (kWs) Cost ($ /kW- month) Total Cost $ % of Total Cost Millstone #3 4,991 $62.79 $313,361 20.70% Seabrook 7,902 $56.59 $447,140 29.54% Stonybrook Peaking 24,981 $1.98 $49,469 3.27% Stonybrook CC 42,925 $3.29 $141,236 9.33% Pasny 0 $2.96 $11,896 0.79% HQICC 6,570 $3.64 $23,931 1.58% ISO -NE Supply Auction 114,308 $3.64 $415,829 27.47% Braintree Watson Unit 10,520 $10.54 $110,880 7.32% Total 212,197 $7.13 $1,513,742 100.00% Table 4 Resource Energy Capacity Total cost % of Total Cost Millstone #3 $3,596 $313,361 $316,957 6.40% Seabrook $50,319 $447,140 $497,459 10.05% Stonybrook $194,971 $141,236 $336,208 6.79% HQ 11 $0 $23,931 $23,931 0.48% Constellation $877,824 $0 $877,824 17.73% PASNY $8,080 $11,896 $19,976 0.40% ISO Interchange $582,949 $415,829 $998,778 20.18% Nema Congestion - $5,529 $0 - $5,529 - 0.11% Coop Resales $7,632 $0 $7,632 0.15% Stonybrook Peaking $35,242 $49,469 $84,711 1.71% Integrys $1,103,892 $0 $1,103,892 22.30% MacQuarie $531,934 $0 $531,934 10.75% Braintree Watson Unit $45,224 $110,880 $156,104 3.15% Monthly Total $3,436,135 $1,513,742 $4,949,877 100.00% Table 4 shows the total dollar amounts for energy and capacity per source. TRANSMISSION The RMLD's total transmission costs for the month of September, 2010 are $912,485. This is a 1.12% decrease from the August 2010 cost of $922,671. In 2009, the transmission costs for the month of September, 2009 were $841,693. Table 5 Table 5 shows the current month vs. last month and last year (September, 2009). Current Month Last Month Last Year Peak Demand kW 161,453 159,614 104,481 :Energy (kWh) 61,414,052 71,625,136 ' 55,562,196~ !Energy ($) $3,436,135 $4,151,871 $2,973,452 _ ----------- ........ ._ ... .._ _ ........_.. iCapacity ($) . __._ -- _... -. $1,513,7421 .._ ..... .... ... -.. $1,567,802; _ _ ...__ .. __ _.. _ ...... , $1,622,793 ;Transmission ($) $912,485; $922,671! $841,693; :Total $5,862,361 $6,642,344 $5,437,939 Table 5 shows the current month vs. last month and last year (September, 2009). d r _m CL 0.0.000 E o 0 o o o m m o m �O♦ T V rn c .E cu E 0 0 T C T 3 U- 0 C U •� a) � L U d N •p E E E E E E E d Z o00000C) 0 d r «t D 0) 0) 0) 0) 0) 0 000 c p 0.0C)CDC) -TT t- cq I- NNLf�CAO r00 �-N000 mm 00 0 M m a) m 0 0 .. Q. 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Station #4 Getaway 4W17 Replacements - Reading (FY10 Budget) - Installed new underground feeder cable and stress cone; spliced, energized, and engineering labor. Project is complete. 4. Boutwell Street - Wilmington - No activity. 5. Chestnut Street - Wilmington - No activity. 6. Haverhill Street - Reading - Reconductoring - (FY10 Budget) - Transfers and engineering labor. 7. URD Completions - Perkins Farm, Lynnfield and Chestnut Village, North Reading - No activity. 8. Salem Street to Glen Road 13 kV Feeder Tie - Wilmington (FY10 Budget) — Complete. 22. Wilmington -Main Street (FY 10 Budget) -Transfer secondary cable poles. 33. 4W4 Reconductoring - Wilmington - No activity. 36. 3W8 Salem & Bay State Road - Reading - No activity. 37. Elm Street- North Reading -Framed, installed transformers and poles. Substation Upgrade Projects 38. 1151kV Insulator Replacement - Station 4 - Reading - No activity. 9. 11 5k Disconnect Replacement Station 4 - Reading - No activity. 1 11. Transformer Replacement — Station 4 - Reading Part 1 — Contractual Labor — Underground work. Part 2 — Procured Equipment — Miscellaneous Items. Part 3 — RMLD Labor — Relay panel relocations and control wire modifications. Part 4 — Feeder Re- Assignment — One feeder has been added to "C" Bus. 23. 15kV Circuit Breaker Replacement — Station 5 — Wilmington — Circuit breakers for project received. New Customer Service Connections 12. Service Installations — Commercial /Industrial Customers — This item includes new service connections, upgrades, and service replacements for the commercial and industrial customers. This represents the time and materials associated with the replacement of an existing or installation of a new overhead service, the connection of an underground service, etc. This does not include the time and materials associated with pole replacements /installations, transformer replacement/installations, primary or secondary cable replacement/installations etc. This portion of the project comes under routine construction. 13. Service Installations — Residential Customers — This item includes new or upgraded overhead and underground services, temporary overhead services, and large underground development. 14. Routine Construction — The drivers of the Routine Construction budget category YTD are listed. This is not an inclusive list of all items within this category. Pole Setting/Transfers $91,485 Maintenance Overhead /Underground $106,300 Projects Assigned as Required $26,402 Pole Damage (includes knockdowns) some reimbursable $9,133 Station Group $0 Hazmat/Oil Spills $0 Porcelain Cutout Replacement Program $2,389 Lighting Street Light Connections $4,474 Storm Trouble $6,808 Underground Subdivisions $749 Miscellaneous Capital Costs $37,439 TOTAL $285,178 *In the month of September, three cutouts were charged under this program. Approximately 17 cutouts were installed new or replaced because of damage making a total of 20 cutouts replaced this month. Force Accounts — The Commonwealth of Massachusetts requires utility plant equipment relocations in conjunction with various roadway reconstruction projects. No projects scheduled at this time. 2 Reliability Report Two key industry standard metrics have been identified to enable the RMLD to measure and track system reliability. A rolling 12 -month view is being used for the purposes of this report. Customer Average Interruption Duration Index (CAIDI) — Measures how quickly the RMLD restores power to customers when their power goes out. CAIDI = Total of Customer Interruption Duration for the Month in Minutes/ Total number of customers interrupted. RMLD 12 month system average outage duration — 44.79 minutes RMLD 4 year average outage (2006 -2009) — 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 44.79 minutes. 90.00 76.52 *G; 80.00 66.05 = 70.00 38 60.00 51.2 61 Im ry 50.00 - O 40.00 d 30.00 25.6 E ,0 20.00 N V 10.00 0.00 O°b O°� (Z§b NIZ, NQ1 Nlz� NIZI NIZ) N(Z' NQ' NQ ♦ Monthly minutes per outage — - - RMLD 12 month system a\,erage outage duration 44.79 RMLD 4 year a \erage outage duration 50.98 (2006 -2009) 3 System Average Interruption Frequency (SAIFI) – Measures how many outages each customer experiences per year on average. SAIFI = Total number of customer's interrupted / Total number of customers. RMLD 12 month system average - .85 outages per year RMLD 4 year average outage frequency - .82 The graph below tracks the month -by -month SAIFI performance. 1.80 1.56 w 1.60 m of nc, 1.40 V 1.12 1.12 1.13 c 1.20 c 1.00 0.76 � 0.80 -- -- — - -- — — - -- 0 0.60 m 0.40 31 u' 0.20 0.00 o°' ,�o NQo ,�o ,�o ,�o ,�o ,�o ,�o ,�o OG �o�- p�� ,��- ��,�- ��t- �-�r �.�A' —♦— RMLD monthly outage frequency --- RMLD 12 month system average outage frequency .85 RMLD 4 year average outage frequency .82 (2006 -2009) Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage every 14.12 months. 11 RMLD October 22, 2010 Reading Municipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading, MAO 1867-0250 Tel: (781) 944 -1340 Fax: (781) 942-2409 Web: www.rmld.com Town of Reading Municipal Light Board Subject: Residential High Power ERT Watt -Hour Meters On September 16, 2010 a bid invitation was placed as a legal notice in the Reading Chronicle requesting proposals for Residential High Power ERT Watt-Hour Meters for the Reading Municipal Light Department An invitation to bid w WESCO AvCom Inc. Yale Electric Hasgo Power Sales Power Sales Group as emailed to the following: Graybar Electric Company Sensus Metering Systems J. F. Gray & Associates Robinson Sales MetroWest Electric Sales, Inc Bids were received from AvCom, Inc., WESCO and Irby. Stuart C Irby Co. UPSC Shamrock Power E.L. Flowers & Associates Itron The bids were publicly opened and read aloud at 11:oo a.m. October 13, 2010 in the Town of Reading Municipal Light Department's Board Room, 23o Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2011 -07 for Residential High Power ERT Watt-Hour Meters be awarded to: AvCom Inc. for a total cost of $991,853.00 Item (desc.) 1 Form 2S, Class 200, 240 volts, 3 wire, 3o amps 2 Form 2S, Class 320, 240 Volt, 3 Wire, 5o amps 3 Form 2S, Class Zoo, 240 Volt, 3 Wire, 3o amps 4 Form 2S, Class 320, 240 Volt, 3 Wire, 5o amps 5 Form 1S, Class 100, 120 Volt, 2 Wire, 15 amps 6 Form 12S, Class Zoo, 120 Volt, Network Meter 7 Form 4S, Class 20, 240 Volt, 3 Wire, 2.5 Amps 8 Form 4S, Class 20; 240 Volt, 3 Wire, 2.5 Amps w /Time of Use capabilities Manufacturer 2' Unit Cost Total Net Cost Itron 34 162.00 $5,5o8.00 Itron 8 176.25 $1,410.00 Itron 24,000 36.92 $886,o80.00 Itron 204 67.00 $13,668.00 Itron 40 62.95 $2,518.00 Itron 970 75.10 $72,847.00 Itron 30 155.6o $4,668.00 Itron 30 171.80 $5,154.00 As the lowest qualified bidder on the recommendation of the General Manager, File: Bid /F110 /Nieter /2011 -07 R/L /� J LD Reading M.unicipal Light Department RELIABLE POWER FOR GENERATIONS 230 Ash Street, P.O. Box 150 Reading, MA 01867 -0250 Invoicing for item #3 will be based upon 10 shipments, one per quarter, until the order is complete (FY'13). The expenditure for line item #3 in FY'1i will be $265,824. Total projected expenses for the FY'11 meter purchase are $371,597. The FT11 Capital Budget allocation for meters used in the Meter upgrade Project is $645,100. Although WESCO was lowest bidder on items 1, 4, 5, 6, 7 and 8, a check of references revealed that they have only been offering this product for one year, not 4 years as we were initially led to believe. There is no substantial population of any meters being used by the references given. Therefore WESCO is being rejected as not responsible. in �ce:r t F. Ca eron, Jr. fi n Sullivan - eirdre Ahearn File: Bid /FY10/ Meter/ 2011-07 d N O s W m 3 CL° T O r� d r a C°, d abi � N � N � = T Q � o N N o c X N b ob C Y O U Ui$ N E o O Q 4. N C T wa o ami is � m T O U 2 Fa c OIU m 0 j O O O O O O O O 0 0 O O � O m V mt N 4M7 � Efl ER O N m N O 10 N O l0 O O O O N 0 O m O m CNO h m frD fN0 n � Y Y Y Y Y Y Y Y m m m m m m m m 3 3 3 3 3 3 3 3 m m co co <r v v v O O N 0 0 � o 2 m C9 m a N v (D M U T 0 d d uo V N v O C m tm0 N Cp @ V 3 N � T T T `m s� @ T T = T M N O � T N N N r @ >. W U Z O O O O O O O 0 0 O O � O m V mt N 4M7 � Efl ER O N m N O 10 N O l0 O O O O N 0 O m O m CNO h m frD fN0 n � Y Y Y Y Y Y Y Y m m m m m m m m 3 3 3 3 3 3 3 3 m m co co <r v v v N N N N N N E E E E E ° E E > N N N N er V O N N Q N CN'J N N O N N N� N N N N N N N N N N N N N N m N U m @ m @ @ U @ m N U U U U U U U N (n (n (n (n N U7 (n 1 € E E E E E E E m lL IL IL LL L IL LL l L F' N M v jn t r m 3 T @ 7 C N m p y U _ N m C N m @ N vo'�aa N N O N N C C T C C ° ° m a m N > G N a a m. 'm '2 t m U @ N w 3 T o103`c°� N O N ° m0 3 o N UO > > U W `1 o W w o aW C C � N m M � @ G o ZO o Z Q o o 1 h O O O- O O O 0 0 0 2 o 2 m C9 m C. m v (D M 0 0 d d uo V m tm0 .N- Cp V N N N N N N E E E E E ° E E > N N N N er V O N N Q N CN'J N N O N N N� N N N N N N N N N N N N N N m N U m @ m @ @ U @ m N U U U U U U U N (n (n (n (n N U7 (n 1 € E E E E E E E m lL IL IL LL L IL LL l L F' N M v jn t r m 3 T @ 7 C N m p y U _ N m C N m @ N vo'�aa N N O N N C C T C C ° ° m a m N > G N a a m. 'm '2 t m U @ N w 3 T o103`c°� N O N ° m0 3 o N UO > > U W `1 o W w o aW C C � N m M � @ G o ZO o Z Q o o 1 h O O O- O O O O O O O O O O O O O O O m C9 m C. m v (D M 0 0 d d uo V tm0 .N- Cp V s� O N 01 N O m O O O O O N N N N N N N 3 3 3 3 3 3 3 m m m m m m m c o o c o c o c o c o ,c . , , o c o .N .@ ,N ,@ N m N @ a' E o¢ E¢ E¢ E¢ E¢ E¢ E @ c m m @ m m m c c = c c N N N N N E E E E E ° E a m @ m @ m Q Q m Cl > N N O N - o y n ° > > > > > o 0 0 C N N N N .N- 't V O N N N M N m O NO N a uj N N N N N N N N@ W U U U U U U 0- N N N N N V 'uV O E E E E E E E E of lL lL lL t lL 11 IL lL C N M v �n co r m 3 @ C T T T O O O (00 O O O O N O r m 61) m m Cl! m N N i» i» O N m N 0! O O O rn rn rn r d0' tom- r W O —O —m O — m O � � �a ¢ a �a'Yi�m�ayi�aYi 0 d m w O O C C C C O O Q Q o 0 0 0 o c° °c 0 °c N N N N N E E E E E ° a @ @ @ @ @ N d N N N O N N `i ai M Z 3 M M M N M M U °> > > > > O > 0 O N O N O N O O N M N M N N N n N N N N N N @ @ @ @ @ N @ N N O U U U U U Cli U U U) W (n W W N w ui N N N N V O E E E E€ E E€ E LL lL LL LL lL LL lL lL C N M v n m r m 3 A /(T j LD \ Reading Municipal Light Department j�/j. RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O. Box 150 Reading; MA 01867 -0250 Tel: (781) 944 -1340 Fax: (781) 942 -2409 Web: wwwmnld.com October 19, 2ozo Town of Reading Municipal Light Board Subject: 750 MCM 15 KV Strand Shield Power Cable On September 9, 2o lo a bid invitation was placed as a legal notice in the Reading Chronicle requesting proposals for 75o MCM 15 KV Strand Shield Power Cable for the Reading Municipal Light Department. Specifications were emailed to the following: The Okonite Company WESCO Yale Electrical Supply Graybar Arthur Hurley Company Hasgo:Power Shamrock Power Pirelli Cables & Systems HD Supply, Inc. Power Sales Group, Hendrix Wire &Cable Corp Champion Wire and Cable Anixter Wire & Cable Yusen Assoc Robinson Sales Power & Telephone Enterprise .Power Tech — UPSC E.L. Flowers General Cable USA Power Cable MetroWest Electric Sales Bids were received from Arthur Hurley Company, Yale Electric, The Okonite Company and Prysmian. The bids were publicly :opened and read aloud at 11:oo a.m. October 13, 2010 in the Town of Reading Municipal Light Department's BoardRoom,.23o Ash Street, Reading, Massachusetts. The bids were reviewed, analyzed and evaluated by the General Manager and the staff. Move that bid 2oi:L -og for 75o MCM 15 KV Concentric Neutral. Power Cable be awarded to: Arthur Hurley Company for a total cost of $1837712.50 Item Ou anti Description Unit Cost Total Cost 1 1o,650' 750 MCM 15 kV concentric neutral power cable 17.25 ft 8183,712.50 .as the lowest qualified bidder, on the recommendation of the General Manager. The unit cost of $17.25 ft is a firm price for the delivered quantity with the allowable tolerance of o% to +o feet. The Capital budget allocation for the purchase of the underground cable for the Feeder 4W14 UG Cable Replacement from the substation to VAc- st Street was estimated at $162,855• �ri intent F. C eron; Jr. Keen Sullivan n ! Peter Price File: Bid /FY11 Cable /2011 -09 IW O rL 10 a) C/3 O Ch cv M co G) CD 0 U) 75 -0 CD cl, < C) 0 — a- C: = -j 2 L) U) N m (V CY) C) a) E C) 0) cc O r 1 (D V) U), 0) 0) cn -0 (Y) C Cl) Y) C\j d a) CD — = + m = 0 CD 0 0 < m co ti 0 CN -0 L) a) CD 0 0 tL6 M CD O t6 < a CL == 0 >1 LIJ CL) (1) Z 0 C: M Ct) CA .0) cn C-) O a) .2 M E a) M — 0 LU CD — SO 0).2 co w = — LD CD 0) Cc L) — < a) + E5 75 a) a) u 0- CL 0 0 w CD N < —0) m U) - U') cn a) Co = Cl) C) a) cc tm cc I CD M * ";t- — U) CD to V) 0 U) 0 c6 Lo oc) -Y- (1) w 0 0 'o .W 0 0 , C6 = w M 2 -0 (D 0 CD CL— 0) CL < W 0 . — M 0- 0 w 0 0 to a) 0) -0 0) L) 0 L) •= -0 'D tu CD a) -0 . = , —D , (1) 'E . 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CL CL) OD U) CL m -0 , — m m a) a) = E L) -Fu E m cL = C) o CL a) cu (n a) w 0) = C-) LLJ co C: L) (n > >1 0 to a) OC < m m 3: Q C) cc = CD -0 (1) Cl) -0 U) a) M U- .0 a) m 0 t6 75 —0 co .2 a) a) 0 —C U) .2' a) .2 C6 L) V5 z -:�: "D C) O U) an --,C 0- >,Eo=mca) LO WO (D G) a) CD COG) .2 a-) :L E -Q) 0 E a) Q) 0) . - - — -T C6 cn :02, —0 iL E z 0 =1 a O y m s E w o C O O m T o � Z N _ N a w c H y A O N � J Y ❑ d O o 2 h h r U M c 47 M a a U c m w = m m K C C{ Y o 0 x C C W a O Q y m s � � U m n ❑ O w 0 Y?, N� O O Ono U N N LU w y a L N dN s M N Nr r O 2 0° fA 699 N K O co LO F y w Q = 6 O P 3: N M N wok a) ❑ u ;; C5 H V5 w S M Z J p Q N o 17 W z s N O � Z Ow Y O +�- O Q Z W v3 IL o W p f K 2 � O O J o6 I' IL a z n U ° S Z W C7 S 2 (/l J O a � U W C S LL S 2 U O U ? m Z w ❑ Q Y o w Q ° a O D V co � o r n r O Yf � M o � � r � r M a�v yr OR o r 0 C co � � r n � o Q C T Ci O O ,N- p) a) o Ny � O Cl) � � r n� n o to r r N o n Ay Z, r N Q) Za O r O O O � � r w ° w 2 = U J J U W Q m 2 W O YU' Q LL _ z�IL O n � N o C r M n N r M O r O O N O CO � � M O O O N n n m � o r � � O O rtA � r N m ° o f.- Lo r fR 61 L N O d) o M O D) m� � N p O o N r V OD } w Z f7 S W a Q U 2 Z J U W O m W Q Q Y LL N o w ° z t-n.o n O O o M T V N � O G n o O � � O v� O r o N N OI eh n !O o � O r (fl ' O N M tfJ o ID O) O Cl) m p r fR b3 � O o NaN-R O O N o n yq� N n rn e V d O C 61) C) F Z CL J 2 O J a w UJ U Q S Z U O J 3 LL C1 a IL IL Lo P o M M � n M O N M W O O N (D to O n d o yr 6r� O V O c to O C? K} N. " o NO �2 M O O tH � V O N o N P O r n � O U') fR m M N o OOi .M- .Od. UrhO N n o 0 n M r Oi N to 0 40 O 1? <A F a ❑ 2 U' J J IL U w Ir Q U Z J U Z p J W F m 2 W J j Y LL LL 0 d n r M D) [t o M O r N M O V d3 � CO n O M Q1 � r M d o m m O o Q) � f O � � n o t r p� M n r O O O ti tH � � � o O � M M O � O r fR N W a CD o ado O co O L6 ffl co co M o 0 W O 'Ir N rM O r 69 � H IL uj ❑ x J J a a U w Z f.7 o fl� w 2 U U W m W w J = LL O R,ao Yage 1 of 1 Jeanne Fob From: Vincent Cameron Sent: Monday, September 27, 2010 10:54 AM To: MaryElien O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: FW: Account Payable Question - September 24 Soli 1. Cushing Jamallo - Invoices say "Summer Street" is there one in Reading? Yes, it should read Summer Avenue as it does on the PO. 9/27/2010 Page 1 of 1 Jeanne Fob From: Vincent Cameron Sent: Tuesday, October 05, 2010 2:20 PM To: MaryEllen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti; Patricia Mellino; Jane Parenteau; Kevin Sullivan; Beth Ellen Antonio; Joe Donahoe Subject: Answer to Payabies 10 -4 -10 Soli 1. Dell - In the past Dell sold some business computers (Otiplex I think) with bad capacitors & then tried to cover it up. Is the RMLD aware of this? I will let MIS know. 2. SMS - What is the service contract for (HW /SW)? Hardware. Hahn 1. Kiley and Lovin - Are both of these for Golight on Vehicle 15? No. According to the RMLD PO, one Golight is for Vehicle 15 and the other is for Vehicle 23. Snyder 1. NR. Police - Why getting July bill now? We never received the original invoice NR claimed they sent. 2. NEPPA - Is there a report on the safety audit? Yes. It is in'Engineering. 3. Transdata - What are the energy meters? These are meters that record demand and energy consumption for larger commercial customers. 4. Why are the hallways outside the GM Conference Room all lit up @ 7 pm on Sunday? Security. Two of the five lights outside the GM Conference Room stay on. If all five lights were on then the cleaning company may have left them on. I will check with them. 10/18/2010 1 agu i Vl 1 Jeanne Foti From: Vincent Cameron Sent: Wednesday, October 13, 2010 8:57 AM To: MaryElien O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Mark Uvanni; Jane Parenteau; Kevin Sullivan; Beth Ellen Antonio; Joe Donahoe; Jeanne Foti; Patricia Mellino Subject: Answer to Payabies 10 -12 -10 Soli 1. Iron Speed - What is this for? Iron Speed is software that is referred to as rapid application development software. It generates database- driven Web 2.0 applications for NET straight from a relational database. In a nutshell, it creates Web - enabled applications quickly with little programming. It was used to create the RMLD Outage Management System and is being utilized for various other applications such as UAN, Appliance Rebates, etc. 10/18/2010 1 of Jeanne FoU From: Vincent Cameron Sent: Friday, October 22, 2010 9:24 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti; Jane Parenteau; William Seldon Subject: Answer to Payables 10 -15 -10 Hahn 1. Hudson River Group - Could this analysis be done by RMLD employees? Yes. However, the RMLD has chosen to have some analysis and issues followed and tended to by outside experts. 10/22/2010