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HomeMy WebLinkAbout2010-07-28 RMLD Board of Commissioners Minutes Reading Municipal Light Board of Commissioners Regular Session 230 Ash Street Reading,MA 01867 C1 F July 28,2010 %A Start Time of Regular Session: 7:30 p.m. End Time of Regular Session: 9:42 p.m. 2ojo OCT 2 Attendees: Commissioners: Mary Ellen O'Neill,Chairman Richard Hahn,Vice Chair Philip B.Pacino,Secretary Gina Snyder,Commissioner Robert Soli,Commissioner Staff: Vinnie Cameron,General Manager Jeanne Foti,Executive Assistant Robert Fournier,Accounting/Business Manager Jane Parenteau,Energy Services Manager Kevin Sullivan,E&O Manager Citizens'Advisory Board Guest Arthur Carakatsane,Chairman Larry Stone,Stone Consulting,Inc. Chairman O'Neill called the meeting to order,stated that,this meeting of the Reading Municipal Light Department(RMLD) Board of Commissioners July 28,2010, 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 additional changes to the agenda,there were none. -iroductions Chairman O'Neill introduced Citizens' Advisory Board Chairman,Arthur Carakatsane. Approval of June 30,2010 Board Minutes Mr.Hahn made a motion seconded by Mr.Pacino to approve the Regular Session meeting minutes of June 30,2010 with the changes presented by Chairman O'Neill, page one change, North Reading Board of Selectmen in paragraph two, page two sentence to read"The DPU recognizes that even if someone has a medical condition,the customer needs to pay their bills.", page three changes, first paragraph should read kilowatt "hour" sales, $.0025 for the Fuel Charge, delta change that to "difference",and spell out LSP. Motion carried 4:0:1. Ms.Snyder abstained as she was not present at the meeting. Actuarial Valuation—Mr.Stone,Stone Consulting,Inc.(Attachment 1) Draft Actuarial Study Mr. Cameron stated that Mr. Larry Stone has performed the Actuarial Valuation on the Pension Trust for the RMLD in the past. Mr. Cameron said that Mr. Stone will be presenting his findings to the full Board. Mr. Cameron pointed out that Mr. Stone had presented the Actuarial Valuation to the Budget Committee prior to the Board meeting this evening. Mr. Stone presented the Reading Municipal Light Department,Draft Actuarial Valuation as of January 1, 2010. Mr. Stone explained that he used a 7.25%discounted interest rate and 4.75%salary assumptions in the study. Since the 2008 study the assets have decreased 19%. Discussion ensued. The fiscal year 2010 actuarial study shows that the RMLD should contribute$1.4 million into the Pension Trust. D-iscussion ensued. J Regular Session Meeting Minutes 2 July 28,2010 Budget Committee—Secretary Pacino Mr.Pacino reported that the Budget Committee had met this evening,to review the presentation on the assumptions,and had requested a full copy of the actuarial valuation. Mr. Pacino said that the Department recommended transferring $200,000 into the Pension Trust Fund in which the Budget Committee was in agreement with. The Budget Committee voted at its meeting to recommend to the Board to transfer$200,000 for fiscal year 2010,into the Pension Trust Fund,the motion carried 3:0:0. Mr. Soli asked what the contributions will be in the future. Mr. Stone replied the first year will be $1.4 million and the second year will be slightly higher due to the payroll increase. Mr. Soli asked what will happen in fiscal year 2011 because the budget process has already taken place. Mr. Cameron replied that the RMLD needs to see how fiscal year 2011 plays out;because there is$150,000 budgeted. Chairman O'Neill asked what was in the fiscal year 2010 budget. Mr. Cameron replied$100,000. Mr.Hahn pointed out that the discussion at the committee level is how the$1.4 million gap will be addressed. Mr.Hahn said that the$1.4 million will have to be put into rates. Mr. Hahn explained that this was not in the Cost of Service Study,nor the fiscal year 2011 budget. Mr.Hahn said that in four years they will run out of money in the Pension Trust Fund if there is not a dramatic improvement in the market. There is a need to do something about the lack of funding. Mr.Hahn pointed out that$200,000 was approved because that is what the RMLD has. Mr. Stone said that he will be sending a final report based on their input he received. Mr.Hahn said that it does not matter on --- the assumptions because the range of funding runs from$1.1 million to$1.5 million annually. Mr.Hahn stated that the issue is not the assumptions but the bigger question of how to address the shortfall. Mr. Hahn suggested utilizing the first set of assumptions that come up at$1.4 million. Mr. Stone said that he can get a full report together within three weeks. Discussion ensued. Ms. Snyder made a motion seconded by Mr. Pacino that the RMLD Board of Commissioners authorize the General Manager to transfer$200,000 into the RMLD Pension Trust Fund for the fiscal year ending June 30,2010. Motion carried 5:0:0. Report from RMLD Board Committees Power&Rate Committee—Vice Chair Hahn(Attachment 2) Fiscal Year 2011 Cost of Service Study(COSS) Mr. Cameron reported that the Cost of Service Study(COSS)was performed in house based on the fiscal year 2011 budgeted numbers in expected sales. Mr. Cameron explained that the overall proposed rate increase is 2.78%that is required based on the fiscal year 2011 budget,Operations&Maintenance budget with adjustments for one time expenditures. Mr.Cameron reported that as in the last COSS,some rate classes showed that they needed an increase such as the Residential A Rate, Residential A Rate Water Heater, and Commercial whereas the rest of the rates showed a decrease, but instead remained stable in this part of the COSS. Mr. Cameron said that the monies that account for the reduction in the rates is $850,000 that was allocated to the three classes that called for a rate increase and it abated the rate increases in those classes. This resulted in rate increases of 3.65%Residential A Rate, 3.96%Residential A Rate Water Heater and 4.27%Commercial Rate. Mr. Cameron explained that there is another component to the COSS which is the Purchased Power Adjustment. Mr. Cameron said that the Purchase Power Adjustment is a portion of the bill that adjusts the base rates to account for increases in the base purchase power costs. Since the last COSS, the Purchase Power base adjustment is $.0072 per kilowatt hour. In addition to the rate increase to the three rate classes,the Purchase Power Adjustment rate of$.0072 per kilowatt hour will be rolled into each rate.The result is the base rates make up 40%to 45%of the overall rate. The overall rate increase including the fuel charge comes in with the COSS increase represents approximately 2.6%for the three rate classes. Mr. Cameron commented that the Residential A Rate under the existing rate is$99.49 under the new rate it will be$102.08. Mr. Cameron explained that the customers who had no rate increase,but had an increase due to the PPA being rolled in is the Residential Time of Use rate with the overall increase .6% which represents $.0072 being rolled into the base energy rate. Mr. Cameron said that under the existing rate they would pay$108.21 however under the new rate would pay$108.86. The COSS also takes into account the $2.5 million return on investment which is less than half of the RMLD's return which is a little over$5 million. In the COSS the RMLD's targeted return is$2.5 million. f Mr. Carakatsane stated that the Citizens' Advisory Board voted to recommend to the Reading Municipal Light Department Board of Commissioners that the Cost of Service Study be accepted as presented to the CAB at its meeting on July 12,2010. The motion was approve unanimously at that meeting. Regular Session Meeting Minutes 3 July 28,2010 l'-Dort from RMLD Board Committees Power&Rate Committee—Vice Chair Hahn(Attachment 2) gal Year 2011 Cost of Service Study(COSS) Mr. Hahn reported that the COSS has already been discussed at the Budget Committee meeting as well as discussion on potential changes to Massachusetts regulations defining renewable energy resources particularly in regards to biomass projects. These resources could still qualify to meet certain thresholds. Also discussed at this meeting was the potential purchase of biomass projects which are still under development with additional buyers besides the RMLD. Other issues discussed were net metering with the concept of behind the meter generation. It was the sense of the committee that the pursuit of the output from renewable energy sources is still something the committee recommends to the Board and would direct the RMLD to pursue renewable energy, but do not buy renewables at any price. The general consensus of the committee is if there is a renewable project above market at a reasonable price that receives the environmental benefits the Department should bring this to the committee. Mr. Pacino asked if the discount rate could be decreased and has the same effect as a rate increase. Mr. Cameron said that lowering the discount rate would increase rates,but it would not constitute an across the board increase and he has not looked at the increase from a Cost of Service perspective. Mr. Soli said that he has given out a handout and proceeded to explain the handout. (Attachment-Addendum 1) Addendum to the minutes submitted by Mr. Soli. Chairman O'Neill said that Mr. Soli had submitted several motions. Chairman O'Neill asked Mr. Soli if he had any questions,Mr. Soli said that Mr.Hahn did not report on the vote of the Budget Committee. Mr.Hahn reported that the.committee voted to approve the COSS,2 in favor, 1 against this motion with no abstentions. Mr. Hahn made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners approve the RMLD's Fiscal `w 2011 Cost of Service Study based on the recommendations of the RMLD Power and Rate Committee and the Citizens' 1 —visory Board. Motion carried 4:1:0. Mr.Soli voted against this motion. Chairman O'Neill stated that they will handle questions relative to the presentation then address Mr. Soli's motions. Mr. Pacino asked where certain numbers in Mr. Soli's analysis came from. Mr. Soli said that it is in the spreadsheet but could not clarify exactly how it was calculated. Mr.Hahn said that they have requested several times that spreadsheets should be submitted in advance of meetings in order that they can be studied. Mr.Hahn commented that Mr. Soli could e-mail the spreadsheet with the formulas and this could be addressed at a Rate&Power Committee meeting or the next Board meeting. Discussion ensued. Mr. Hahn pointed out that a statement was made this evening that the school demand amount is too high, which is not true. Mr. Hahn stated that the assertion that the amount of demand costs allocated to the schools is too high has not been verified therefore cannot be accepted until the spreadsheet has been reviewed. Mr. Hahn emphasized you cannot let that statement stand on the record without rebuttal. Mr. Hahn said that he would be willing to address this at a Power&Rate Committee meeting in the future. Mr.Cameron said that he completely agrees with Mr.Hahns'comments. On another matter, Mr. Cameron stated that the RMLD performs a calculation on a monthly basis of what the benefit of receiving NYPA power is and then it is credited to all residential customers. This point needed to be clarified. Chairman O'Neill told Mr. Soli to provide this information in a readable fashion so it can be sent to the committee to be `ussed because there are many questions. Mr. Soli made a motion seconded by Ms. Snyder that the RMLD General Manager provide to the RMLD Board the cost projections and revenue results for the 2008 COSS rate changes that went into effect. Motion failed 2:2:1. Messrs.Hahn and Pacino voted against this motion. Ms.Snyder abstained. Regular Session Meeting Minutes 4 July 28,2010 Report from RMLD Board Committees Power&Rate Committee—Vice Chair Hahn(Attachment 2) Fiscal Year 2011 Cost of Service Study(COSS) Mr. Soli included several motions as part of his package that requires the General Manager to perform certain tasks. Mr. Cameron suggested that the Board not make the motion,but just direct the General Manager to perform the tasks. The Board agreed. Chairman O'Neill said that she would put Mr. Soli's requests in the minutes as a matter of record and they can be evaluated prior to the next COSS. Mr.Pacino suggested looking into a legal opinion on church rates. Commissioner Soli's Motions: Some COSS-related Motions 1. Move that the RMLD GM provide to the RMLB the cost projections & revenue results for the 2008 COSS rate changes went into effect.(This motion did not carry.) 2. Move that the RMLD GM provide to the RMLB the cost projections & revenue results for the 12 months after COSS rate changes enacted after 30 June 2010 go into effect. Improved RMLD Metering 3. Move that all metering for Industrial TOU be of the type to record hourly data. 4. Move that the metering for at least 100 randomly selected Commercial customers (non house of worship) be of the type to record hourly data. 5. Move that the metering for at least 25% randomly selected houses of worship be of the type to record hourly data. Basis of Charges from Demand&Transmission Vendors 6. Move that basis of charges, i.e., on what basis are the charges computed and what could the RMLD do to decrease the charge by 5%,be obtained from Demand and Transmission vendors. General Manager Committee—Chairman O'Neill Chairman O'Neill reported that this year anew form for the General Manager's evaluation is being used which has been e- mailed to all Board members and is to be completed by Monday,August 2. Survalent Contract Mr. Cameron reported that the RMLD uses Survalent Technology program in real time in its system for the Supervisory Control and Data Acquisition (SCADA) system. Mr. Cameron explained that Survalent has offered the RMLD a five year contract that will provide for a twenty five percent discount for a cost savings of$12,200. Mr. Cameron explained that under Chapter 30B rules since the contract is longer than three years the RMLD must ask permission from Town Meeting. The motion will go on the warrant for Subsequent Town Meeting in November. Chairman O'Neill said that the motion is to place the full article on the fall Subsequent Town Meeting. Chairman O'Neill made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners place the following article on the warrant of the fall 2010 Town of Reading Subsequent Town Meeting: To see if the Town will vote to authorize the General Manager of the Reading Municipal Light Department, on the recommendation of the RMLD Board of Commissioners,to enter into a five-year contract,including all extensions,renewals, and options, for maintenance of the Supervisory Control and Data Acquisition (SCADA) program at the RMLD or to take any other action with respect thereto. Motion carried 5:0:0. Mr. Cameron reported that the RMLD went out for an RFP for power supply in early June in which JP Morgan was awarded the bid for 2011 to 2014. Financial Highlights-June,2010(Attachment 3) Mr.Fournier reported that he is in the process of closing out the fiscal year and the annual audit will be starting on August 9. Mr. Fournier will have the pre-audit figures the first week of August. Mr. Fournier said the kilowatt sales for the fiscal year are 684 million which are down 11.5 million or 1.7%compared to last year's total of 696 million. The DPU has notified the RMLD that the 2%depreciation rate has been approved in fiscal year 2010. Mr.Hahn asked if the depreciation rate will default back to the 3%in the future. Mr.Fournier replied that it will go back to 3% if the RMLD does not notify the DPU. Regular Session Meeting Minutes 5 July 28,2010 F—ancial Highlights-June,2010(Attachment 3) Arman O'Neill said that for the next Board book Mr.Fournier would have draft numbers for June. Mr. Fournier said that he will have the June numbers and some July estimates. Mr. Fournier said that the kilowatt hour sales for June were 60 million and 72 million for July. Power Supply Report—June,2010—Ms.Parenteau(Attachment 4) Ms.Parenteau reported on the Power Supply Report for June. The RMLD's load for June 2010 was 66 million kilowatt hours which is a 16.4%increase compared to June 2009,energy costs were$3.6 million which is equivalent to $.0548 per kilowatt hour,the June Fuel Charge Adjustment was$.0465 per kilowatt hour,the kilowatt sales were 59.6 million kilowatt hours and as a result of that differential the RMLD undercollected by $950,000 resulting in a Deferred Cash Fuel Reserve of$2.688 million. Ms. Parenteau said that the Fuel Charge for July was $.049 with anticipating increasing the Fuel Charge for August to $.054 which is an increase of$.005 per kilowatt hours. Ms.Parenteau then reported on the power supply purchases, costs and peak demand. Mr.Pacino asked if a new peak was hit in July due to the heat. Ms.Parenteau replied we were at 168 whereas the historical high is 172. Engineering and Operations Report—June,2010-Mr.Sullivan(Attachment 5) Gaw Update Mr. Sullivan reported that there are no changes in Gaw this month on the milestones. Mr. Sullivan reported that there is an increase of$113,000 total contractor labor for the cubicle manufacturer for installation and$11,000 in RMLD labor. Chairman O'Neill asked about the soil remediation. Mr. Sullivan said that$1.1 million for paid and unpaid invoices to date for soil remediation. Mr. Sullivan commented that the soil remediation will have a mid August completion based on the information from the Licensed Site Professional. ' ',,Sullivan then reported on the variance report Projects worked on in June: 22—Main Street, Wilmington, 3 — Station 4 Away Feeder, 6 — Haverhill Street, 7 —URD Completions, 8 Salem Street to Glen Road Feeder Tie, Project 8 — Salem Street to Glen Road Feeder Tie is complete. Projects 22,3, 6 will be completed in mid August. Project 7 will be completed in the fall. Mr. Sullivan reported for the month of June service installations 35 residential services changed out, under routine construction 23 cutouts were changed out for a total of 663 which is 118%planned or 562 cutouts. There are 1,200 to 1,400 cutouts to be replaced. Chairman O'Neill asked the timeline for completion. Mr. Sullivan replied two years. Mr. Sullivan then reported on the CAIDI, SAIFI and MBTI numbers. Mr. Sullivan provided information from the APPA survey that involved 89 utilities that the average CAIDI was 86.75 minutes whereas the RMLD is at 54.2 minutes for the same timeframe. The average SAIFI was .88 incidents for APPA whereas the RMLD was at 1.13 incidents. The RMLD CAIDI was in the upper quartile whereas for the SAIFI the RMLD was in the lower quartile. Mr. Sullivan said that many of the respondents have midstream devices and it would behoove the RMLD to look into this. Chairman O'Neill asked Mr. Sullivan is that something that he proposes for the capital budget for the following year. Mr. Sullivan replied affirmatively. M.G.L.Chapter 30B Bid—Material(Attachment 6) 2010-23—Residential High Powered ERT Meters Mr. Sullivan stated that bid 2010-23 for Residential High Powered ERT Meters is being rejected for the public good on the recommendation of the General Manager. Mr. Sullivan explained that the bid was sent to nine bidders and three were returned, however, not all prospective bidders received the invitation to bid. The RMLD is recommending rejection of the bid in the best interest of the public good. Mr. Hahn clarified that the bid was sent to nine participants, but not all prospective bidders received the invitation. Mr. 1..ivan said that it his understanding that eleven to twelve prospective bidders should have received the bid and did not; ✓ever,it was due to an RMLD error.Mr.Hahn asked is this why Ms.Ahearn disagrees with the recommendation. Regular Session Meeting Minutes 6 July 28,2010 M.G.L.Chapter 30B Bid—Material(Attachment 6) 2010-23—Residential High Powered ERT Meters Mr. Sullivan stated that the disagreement is based on two separate things;Ms. Ahearn believes that enough bidders received the IFB,and the second thing is that she is concerned with the delay of resubmission. Mr.Hahn said that he is unsure of the delay as it appears to be a valid process. Mr. Cameron said that under Chapter 30B rejection of the bid is in the best interest of the public good which is permitted. Discussion followed. Mr. Pacino made a motion seconded by Ms. Snyder that bid 2010-23 for Residential High Power ERT Watt-Hour Meters be rejected on the recommendation of the General Manager. Motion carried 3:1:1. Mr.Hahn voted against the motion. Mr.Soli abstained. General Discussion Ms. Snyder said that the Cities for Climate Protection(CCP)is seeking a representative from the RMLD and would like Mr. Cameron to speak to staff. BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED(Attachment 7) Rate Comparisons,June 2010 E-Mail responses to Account Payable/Payroll Questions Upcoming Meetings RMLD Board Meetings Wednesday,August 25,2010,Tour of Wildwood Station will take place at 6:30 p.m. - Wednesday,September 29,2010 RMLD Committee Meeting RMLD General Manager Committee Meeting,Monday,August 9,2010,7:30 p.m. Adjournment At 9:42 p.m.Mr.Pacino made a motion seconded by Mr. Soli to adjourn the Regular Session. Motion carried 5:0:0. 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I� I;1��{lel f. _ 6ti�Yip � I a�r�rGu;j I : 0 �Y III I s j �t t,414 ...a3'^ 6c n1lY,u Idl l r ` ��prJJj4 �. 7 I p. iS 1 READING MUNICIPAL LIG DE TMENT To: RMLD Board, Citizens' Advisory Board Date:June 29,2010 From: Vinnie Cameron Subject: FY 2011 Cost of Service Study Attached is the FY 2011 Cost of Service Study (FY11 COSS) performed by the Reading Municipal Light Department (RMLD). The RMLD performed this study internally using the FY11 Operating and Capital Budget approved by the RMLD Board of Commissioners and the Citizens' Advisory Board (CAB). During the FY11 budget discussion, the RMLD believed that a 5.2% increase in Base Rates was necessary for the RMLD to meet its revenue requirements during FY11. Adjustments to the revenue requirements and an increase in kWh sales during the last of quarter of FY10 resulted in a Base Rate increase of 2.78% The results of the FY11 COSS show that only the Residential A-Rate, Residential Hot E Water Rate, and the Commercial C-Rate require Base Rate increases. As in the 2008 COSS, the RMLD recommends increasing the Base Rates of the above mentioned rate classes and keep the remainder of the rate classes at their present levels. The Base Rate increases are recommended for the Residential A-Rate (3.65%), Residential Hot Water Rate(3.96%),and the Commercial C-Rate (4.27%). In addition, the RMLD recommends the FY10 average Purchased Power Adjustment (PPA) of $.0072/kWh be rolled into the Base Rate energy charges. The RMLD also recommends the FY11 PPA be re-adjusted to average $.00073/kWh, which will recover additional power supply costs above the FY10 level. In doing so,all rate classes will see a Base Rate increase whether it is from the FY11 COSS, or the PPA being rolled into the Base Energy Rates, or both. The FY11 COSS was based on a revenue requirement of $45,892,928, which is derived from the FY11 Operating Budget with adjustments for one time expenditures and known and measureable differences in the budget since its approval. The FY11 COSS also include a Rate of Return of $2.5 million, which represents approximately 3.79% of the Net Plant. (The RMLD is allowed to earn up to 8% of its Net Plant.) Table 4 and Exhibit 1 in the attached report shows the rate increases for each rate class by either Base Rate Increase or the PPA being rolled into the Base Energy Rates. ATTACHMENT 2 READING MUNICIPAL LIGHT DEPARTMENT 2011 COST OF SERVICE STUDY June 29, 2010 1.0 EXECUTIVE SUMMARY The Reading Municipal Light Department(RMLD) has performed the Fiscal Year 2011 Cost of Service Study (FY11 COSS) to address increases in the RMLD's Operation and Maintenance Expenses and decreasing sales over the last two years. The combination of these two impacts to the RMLD's financial operation has created the need for a Base Rate increase. The RMLD's FY11 Operations and Maintenance Expense minus the Fuel Expense, and Miscellaneous Revenues and Expenses are projected to be $45,250,297, which is an increase of 3.1%as compared to the FY10 expenses of$43,882,744, as shown in Table 1. Table 1 ' Operations,Maintenance(minus Fuel Expense) FY10 FY11 Power Supply $19,687,248 $19,032,105 Transmission $7,524,890 $8,679,469 Oper. &Maint. $10,811,091 $11,751,723 Depreciation $3,366,058 $3,500,000 Town Payments $1,253,746 $1,320,000 Misc.Ded. $1,239,711 $967,000 Total $43,882,744 $45,250,297 The increase in the FY11 expenses is $1,367,553 over the FY10 projected (ten months actual and two months projected) expenses. The FY11 Power Supply and Transmission expenses increase $499,436, which are recovered through the PPA. The remaining cost increases in FY11 of$868,117 need to be recovered through increases in the Base Rates. 1 The reason for the increase in transmission expense is due to transmission construction activity throughout New England. The transmission construction costs are passed onto all load serving entities in the New England Power Pool. The transmission construction activity is expected to go on for a few more years;therefore the PPA is expected to increase. The FY11 COSS was developed based on the RMLD's fully allocated FY11 Operating Budget and $2 million of Return on Net Plant. The COSS methodology uses the Twelve Coincident Peak Demand (12CP) method. A 12CP methodology uses the average of the monthly coincident peak demand in each customer class to allocate demand related costs. This is done to equitably allocate costs to customers so that seasonal usage patterns are taken into consideration in the cost allocation process. The 12CP COSS methodology was used in the last COSS performed by Virchow &Krause in 2008. In addition to the 12CP allocator,there are several other allocators used to assign costs to their correct functions and rate classes. Fuel cost is not included in this study since it is passed through to the customer. Table 2 shows the FY11 Operating Budget and the items that were approved by the RMLD Board of Commissioners. The FY11 Revenue Requirement approved by the RMLD Board is $84,522,091 ($83,555,091-$1,270,000+$2,237,000). After taking out the Purchased Power - Fuel Expense($39,271,794)the Total Base Expense is$45,250,297. For the purposes of the COSS the Base Expenses are adjusted for the following items. • Hazardous Materials Expense is non-recurring and will be recovered through a Hazardous Waste Charge. • Energy Efficiency Expenses are recovered through the Energy Conservation Charge. • Return on Net Plant is not included in the Operating Budget. • Depreciation expense decreased based on revised gross plant in FY11. 2 TABLE 2 , FISCAL YEAR 2011 OPERATING BUDGET Budget Comm. Draft 1 Approved Operating Operating Budget Budget OPERATING REVENUE SALES OF ELEC.-BASE 45,890,283 (341,000) 45,549,283 SALES OF ELEC.-FUEL 39,271,794 39,271,794 FORFEITED DISCOUNTS 876,838 (6,479) 870,359 ENERGY CONSERVATION 533,228 533,228 PURCHASED POWER ADJSUTMENT 259,071 259,071 HAZ AMT CHARGE 300,000 300,000 86,831,214 (47,479) 86,783,735 OPERATING EXPENSES PURCHASED POWER-BASE 27,711,574 27,711,574 PURCHASED POWER-FUEL 39,271,794 39,271,794 OPERATION EXPENSE 8,720,671 (135,545) 8,585,126 MAINTENANCE EXPENSE 2,541,597 625,000 3,166,597 DEPRECIATION EXPENSE 3,500,000 3,500,000 TOWN PAYMENTS 1,320,000 1,320,000 TOTAL OPERATING EXPENSES 83,065,636 489,455 83,555,091 Approved TOTAL OPERATING INCOME 3,765,578 (536,934) 3,228,644 NON-OPERATING REVENUES MDSE AND JOBBING 120,000 120,000 INTEREST INCOME 450,000 450,000 MMWEC REFUND AND ADV. IN AID 700,000 700,000 TOTAL NON-OPERATING REVENUES 1,270,000 - 1,270,000 Approved NON-OPERATING EXPENSES CUSTOMER DEPOSIT INTEREST EXP 12,000 12,000 BOND INTEREST EXP AMORTIZATION OF DEBT EXP PORJECTED RATE REFUND 2,225,000 2,225,000 TOTAL NON-OPERATING EXPENSES 2,237,000 - 2,237,000 Approved NET INCOME 2,798,578 (536,934) 2,261,644 • Forfeited discounts are a credit to expenses. • MMWEC Flush of Funds was estimated at $700,000, however the actual came in at $384,497,with the result being a$315,503 adjustment. The adjustments to the FY11 Operating Budget are shown below. Approved O&M Budget $45,250,297 Hazardous Material Expense ($600,000) Energy Efficiency Expense ($643,730) Demolition of Station ($25,000) Return on Net Plant $2,500,000 Depreciation ($33,783) Forfeited Discounts ($870,359) MM WEC Flush of Funds $315,503 Revenue Requirement $45,892,928 The result of the adjustments shows that the Revenue Requirement for FY11 COSS is $45,892,928. Table 3 shows the proposed Cost of Service for FY11 for each customer class, which totals $45,892,928. The Forecast Revenues at Current Rates for FY11 is $44,618,035 and is discussed later in the report. The expected shortfall is $1,274,893 or 2.86%. The Effective Rate Changes are either positive or negative depending on rate class. The RMLD recommends increasing the Residential A-Rate, Residential A-Rate Water Heater, and the Commercial C Rate, since the FY11 COSS indicates that these customer classes should have their rates increased. The RMLD also recommends keeping the remainder of the customer classes at their present rate levels. In doing so, the over-recovery in the remaining rate 3 oeeeee°ao > M M 0�0 0 0 O M . M C)O N 0 0 0 0 h W c m A m U O a. m m M N M O O M M .Q C a M N tP M N w m m O M M O M O M(O N lM0 M ONl C m m n N O! M > �2 : tn. m 0 � � r w w L o 0 0 0 0 0 0 0 VC O 0 9 m m m N � m w M ch N IM N O( +M'1 N N 0117 I�d'I�NM M M O O M N V m CR N tovw wr�<o 0 Y r�r�oid'aimv M M M N M N �N fC m C m L U m > C C C C m o 0 o e o 0 o e � OM Of NN m > a m •� L � U W M nI E u IR LrvRmroR oc `U da NN�V~'MMMA N F o o v o s o s e o 1ml m V r N r�d'm 9 t M C m a N m > O N O c o U O O N M O m M N m tlo O M O am0 O r O m m m N t0 lV N N m m w N O ON N N Of b z I ' co T ` rN LL u U oo m u' w w m M M0^mNN CO M lom U N L m t0 O K It EI •� 111 O M 11)m O m M N m ' N Vim' rGi Nco W W C T G W W N o u U � � m w op �a�N o � Y �u o Q mU t- rn m m wwow _ a� E O U d U QQ0 Ovi W G tO�l N C J J J g J=Q �zZo g w W C w eo W W W W 1�o 'm•c n .�. no v1 Wap m m `o a m W W W O O O U o C'W tLU K �IrEU?oi 0va I- classes, $850,931, would be used to lower the amount of the rate increase to 2.78%,as shown in the last column of Table 3. The RMLD recommends increasing the Residential A-Rate 3.65%, the Residential A - Rate Water Heating Rate 3.96°/x, and the Commercial C - Rate 4.27%. In addition to the proposed rate increase, the Purchased Power Adjustment (PPA) is being readjusted to $.00073/kWh and the FY10 PPA of$.0072/kWh be rolled into the Base Rates in all the rate classes. The readjusted PPA is expected to recover the additional power supply expenses in FY11 of$499,436. Table 4 shows the average monthly bills for each customer class for both the Existing Rate and the Proposed Rate. The Overall Increase shows the total increase between the Existing Rate and the Proposed Rate. The Overall Increase also includes a rate increase, a PPA increase, or both. In the case of the Residential A-Rate the Overall Increase was 2.601%, and is comprised of the Rate Increase of 2.105% and the PPA Increase of .496%. Since the Base Rates make up approximately 50% to 60% of the total electric bill the overall rate increases are less than what is shown on Table 3. The Residential Time of Use Rate is expected to have an Overall Increase of .608%, which is solely attributable to the PPA increase. The rates that remain at their former levels only experience a PPA increase. Exhibits 1A through 1G show the detail of the figures on Table 4 for each rate class. 2.0 DATA COLLECTION The revenue requirement of $45,892,928 for FY11 is based on the FY11 Capital and Operating budget and includes Base Power Supply Expense, Operating and Maintenance Expense, Depreciation Expense, and the Town Payments, Non-operating Expense, Non- operating Revenues, and Return on Net Plant. Table 5 shows the Bill Frequency used in the FY11 COSS and includes the amount of r` customers and energy and demand projected to be billed in FY11. The total kWh for FY11 is 4 0 0 0 0 0 0 N CO LC) 00 r 00 0) r d (q; CO LC) LC) Ln LNC) i 0 O O O O O O U � C , Q , 1 i 0 0 -0-0 o -0-� o O LO N O LO O O O C ONO O, 7 � O i N r O N O O O U ' C � , , , N ' co i i , 0 0 0 0 0 0 0 N i ti O co co O r N , COO COO COO, Ste- LC) Lm LNC), 1 CL) N N O N O O O C , , co ' L ' 1 1 O i 1 00 M CO o0 N 00 a) O Cfl a0 O O Cl? O i O ON It LO W 1 T- I V- 0) 00 Imo- N O i EA EF} Ef? 6c . Ci Efl J N i LO U) m O 69 � 1 O A ; O) 0) N CO d' Cfl d' LC) N 7 00 N P- N i 0) co O C~O N Ltd CA i EFT H> 69. .: C � C , � E!> w i C CCS 4) CV _ ecu O o co LL I co a) N t"6 O m r- tU E N E a) tll U Cao C C C a) N N a) L O a E v O CL N w to E :3 O C' M N b (n M b b W b N O 00 00 to O O O 00 M M 00 O M 07 V) V) h M M O v b b N b N N Vl 00 t� N ti y� M 00�I er N O Vi h b f�1'7 h 00 ID b O - 7 � O H OD 00 C' M h O N O M 00 O M M r 00 b M W N h O G H v M M V1 N OD b Op et M N 00 OD r M N N M M 7 Vi M v b O b 7 CT OD v M h O N b b O M M O b b ti 00 Oi 01 r ti b 01 0 V) CT h b 1 Cl 0� N V1 00 r1 M 00 b O N h O N 07 W .fir ol M O, 00 10 VI v N N M A b ti N b 7 ti h M h t�00 M 00 O b R V1 to OD 00 M O� CT l� b In 00 m b 00 v H W 00 O N M 00 O VI 00 M O b M 00 b to 00 00 00 IOi M N * N M N V) V) ti ti ti .r b ti a' N N M VI V r a tn N 01 O N try N V) bh 00 to V M h OI V] V� ap M en O NIIn n a a W Q 00 `C O M a 00 M H b M h 10 ti 00 O Vi H vy 00 M M 7 O V1 M M V O v b h D\ Q h b N ill M 0�00 N M N t w h 0'p ti ti � N ti M M M ti M VI V1 r a O h 07 h O O 7 7 0 M h b M N O N VI V) r N M 00 h b ti ff M M N OD ti a ti Vl � 7 V) ` M 00 O N O VI et 00 et h a0 b (�VI M V) O O O H H 'et 0p r1 O+00 00 0p GT O+10 0 0 et a N V) -tr M 01 b M 10 O O M M a b b M N M M O N M M O O r N N !Nn h O O 0~0 N 00 01 M v V'b O b O V) M a 00 D\ M a en N N b .0 M OD h 00 r-:, f 00 VI 00 �D V7 [ O,V) V1 N N O, 0 t-O� O M 10 00 N ".m 7 N -It V1 b 0 t- W h h O LL Ve O v to en 0 M M C�O^rl G ti nl VI N V) hh r VMi r m v b 7 N N 00 N b b et M h o0 O h h M n Tv W try t C,Wi 'bQ� 7 M M 00 d'en Ma b O h h '7`7 O Q\N v h b h O M 00 M t`h O a0 b b O b a0 O ' 00 N M M 00 a0 N N Ihi ~ w ti M O O en b 0 } Ln U W In vr- a 0000 en by �o by v00n N C,,� o 0aa°ho W = ap VI b OD Vi M h R et DD b 00 b 00 M M h M N N 00 t`c•i ti 10"e{ y t,O -ef O� of O 00 O\ t- 00 Iz J C! d o OD v o M In oo M N o M M n o b v a m W Q O VI h N M b M N en N b .•...•..... w 00 00 4 ti M ti M Vi V1 LL 1- J J_ O N rti O 01— b Q, V) ID 00 v 01 H v M N 00 00 O M M D\ m r ti N h Iz OI ti eF er 0l r1 M OI N b 00 .+ OI OI O ID N �D M �O M O.ti r1 M r 0 h t`O�M N t`Ch -T a0 d'O,00 Vi t,ti 00 ti n h Vi p V) M 0o v V) 00 M O 00 O M h O h N N CT N Z N V) O� N N '7 M fn N M N 00 O0 O O 00 b h N O b V) 00 V)b VI b 01 O h h b r 00 d' M N M N M ti ri O h O O h 00 ti OD 00 H N 7 10 O� N 00 O b r N M r V)N O n OI Ki M 00 00 et en b Vi en O h O h N N N CT Vl M 01 M V/10 N M Ol et M M h O V) N N CT h Q 00 N O�et I(^ N M N VI V) M en O 00 M M N D\ kn h h Ln rl M b 00 N M 0o H b O v -e V) 00 N N 0\01 N 0, O ti O h M 00 V1 ti N 00 h h r1 d M N ID It en V) 'T V)O, 00 O, N VI 01 b M O 7 O M O M h O O 0 0 OD b Ip^ Q\ O h a? N M v N N N en ti ~ N ti O M m 7 b 10 O h h m N M 00 10 00 N O d' M M O M N O N M b r OD M 01 M O N b v 0 0 00 00 N O O\ N N h Ip O Vl O I-I t ID 1D Iry t�M 01 V)O�, N ( 01 00 h�I N h Q ID b I r 7 b 00 M M O N h m en N N ti N N b IMi M \ O W M O Ill b N N 00 h 'r v N N M" M OI N r b b .-1 -It b V1 0\h O O V1 !t ti v en O M M O h Vl IO M M V) O. O N b N O\ M O 0 hh N 0l N 1D N 00 00 v� 'Rt-N CT 00 v V O 01 OC)H M h O 7 ti � 00 N M M Qn O� 00 cc N N M 10 10 F 0 � OiL w F W W a = a Y w z NLL Q Q W w w — !0 E d C C R J J Q = J J z aLLF D W Ed IL F W F w O Q m www zLLQ O d� dc� y U p R ai o o G O O Q a vwi Q Q J m 3» m E E d r c° »> m m> m O fnF F Ix w Q Q 0 0 0 y U O W W 0 0 0 0 N a s U) v 0 0 0 forecast to be 683,056,320 and is approximately the same as the expected total sales for FY10 684 million kWh. It should be noted that the kWh sales in FY09 were 696 million kWh, which shows a decreasing trend in sales over the last two fiscal years due to the economy and energy conservation. The RMLD believes the economic impact on the RMLD's sales has leveled off;however, the RMLD will continue its efforts in the energy conservation area. The demand for the Commercial and Industrial classes is expected to be 1,210,558 kW for FY11,which is also very similar to the expected billed demand for FY10. 2.1 Residential Customer Class Residential electric sales are from Table 5 of the Bill Frequency report. The coincident and non-coincident peak demand was calculated using demand and customer data on feeders 3W7 (North Street, Haverhill,and Marblehead Streets, and lateral streets in North Reading) and 3W14 (Park and Elm Streets and lateral streets in North Reading). These two feeders are largely residential load with the commercial load removed from the total load in order to reflect residential demand. The monthly coincident and non-coincident peak demands were determined using the monthly peak demand days on each feeder and the number of customers on the feeders. This data was used to develop the coincident and non-coincident demand allocators. The coincident and non-coincident peak demand for the Residential Time of Use class and the Water Heating class were based on the data collected from the feeders mentioned above with adjustments to the load factors to account for more efficient peak demand usage. 2.2 Commercial C-Rate The energy and demand for the Commercial C-Rate was taken from the Bill Frequency for FY11. The coincident and non-coincident load factors for this customer class were based on the load factors similar to that which were used in the 2008 Cost of Service Study. 5 2.3 Industrial Time of Use Rate The energy and demand for the Industrial Time of Use Rate was taken from the Bill Frequency for FY11. The coincident and non-coincident peak demands for these customers were calculated using hourly load data for twenty-six of the forty customers in this rate class. These twenty-six customers have TOU metering that also stores hourly load data. 2.4 School Rate The energy and demand data for this rate class is taken from the FY11 Bill Frequency. The coincident and non-coincident peak demands for the schools were calculated using hourly load data to formulate the monthly load factors for this rate class. 2.5 Coop/Resale Rate Commercial monthly demand was developed using load factors based on monthly energy and demand billing. 3.0 METHODOLOGY Initially, costs in the FY11 COSS were functionalized in order to properly assign the allocators used to define the cost responsibility in each rate class. In doing so, each expense item included in the total revenue requirement is assigned an allocator. The allocators used in the FY11 COSS are based on energy sales, monthly peak demand, number of customers, street lights,meters,forfeited discounts,net plant, and rate of return. Exhibit 2 shows the number of customers, annual energy, revenue, load factors, and non- coincident and coincident peak demands, calculated for each customer class based on the data collection discussed above. The information in Exhibit 2 was used to develop many of the allocators used in the FY11 COSS. Table 6 is a list and description of the allocators used in the FY11 COSS. Table 7 shows the allocators used in the COSS along with the information used to develop many of the 6 Table 6 Description of Allocators A&G Expense - Blended allocator based on CP-12 (60%), Energy (25%), Cust-Sec (15%). Bilhng.wgt - Number of customers adjusted by the time it takes to bill each customer in the class (weightings used in study: Residential: 1, Commercial/Schools:3,Industrial: 10). CP-12 - Average of customer peaks with system peaks during each month of the year. (Used to allocate demand related purchase power expenses). Customer-Total number of customers in each class. Cust.Sec - Weighted average number of customers served at the secondary voltage level. Cust.Wgt - Number of customers in each class adjusted by a weighting factor to compensate for the additional time and expense to serve each customer class. Direct.SL-Costs allocated directly to street light class. Forfeited.Disc -3 year average of forfeited discounts taken by customer class. Meter.rd.wgt-Number of customers adjusted for the time it takes to read each type of meter (weightings used in study: Residential:1, Commercial/Schools: 3,Industrial: 10). Meter.rd - Number of customers adjusted for the time it takes to read each type of meter. Meters.wgt - Number of customers adjusted for the cost to purchase meters and associated equipment. NBV-Net Book Value blended allocator based on net plant values. NCP-Input-Peak of each customer class, adjusted for system losses. NCP-Sec - Peak of each customer class, adjusted for losses occurring in the secondary distribution system. ROR - Rate of Return blended allocator based on class associated assets and allowable rate of return on investment. m 0 m m m m m m O e m e O e m e a M e m e N N Y l O N N m 0 O O N O N O O O O O O N O O O O M M N N 0 O O O m 0 m O mmM N mmm(h r In�- O MO N W O NO O OO NO NO OIM O V c+i O M O OmN 9 e A A00 V'Oe e M 000 a O e M Oe eO Oe e e M e Oa O a V'e m M J N X-ON V f d'a MN�O m M Q iMM O mNm m O V N O <rC N 16 .- ^ [V N •C fV �-O r .-O Mr O �O �-O m� M N O A N M N O m = U N fR (A f9 f9 fA fA fA ONme O e Me Oe o a Oe a V'e me Oe Oe me aW vmmN OMN��� NN^ V N O> N r am mON V O AN mm sFm �f m MO N N N m � O M«'��m N N N N «m N O M N N O M N m N N O N O o N A K A N c6 M V a 0 0 U ' Ml (R fA tl! f9 t9 f9 m e eemmAr Me e o em � r 0•ar B O O V V O� ' A V O � ' r •C N � O er ' O O ?V M O ' O � O nj N m m m A m •� M M M N N fA Hi b9 FA f9 fA b9 O m e r e e 0 0 M N m a e 0 0 0 e y e e 0 O a e O O e Ne O e O e m e O m m_ o N Norm O O m O Mg O M O N N m M f'd'••f mNmOC-I««O�i�m ONa m00 N V r O m�- m N Om« MN Nr W« MM Q NaLL'JOOstm OimO mOm N V'�O NN Or �t� st W r sf ON To m Nm�m V O m M M M s l'M m m r ••t N Nm �t N « N N �N Z �r w vi (a en ea Fn O M N e m e a o w .....a M 0 0 0e e O e M o* m e a O O e a A e � a .9 .9 'e 01N m sYN0 m-c^mN N OOO NIA O m Om m 00 O m vm Om Om m AOS V m It l MNflm V'M OMO m mn N Om mm,NO mMOO rO OOm O Am �:� `(O ��NOMOO�-MO d�1� � l+iN W N V N W t0 ml0 ODr CON NN m .:' W FIA f9 f9 f9 fR fA f9 N Me e e MMaymN me a �NOO e e me r Ne ONe Me me Ne Ne Me A N m r O O m m A m N rO A m O)O O A ro O O aa N A m A m a N N N m m O N N N N N M m N �!'! N N M N M N N M A M N M N M N M �d N Vl W fA M f9 f9 bi fA M Q vaAe a emmmomoe e «voo e eoe.- ve mee ove re me ae ve me mMNa{ OOH-�-NONm V V' m00 N M Om m V' MNm Om V O mm mA ma d' ON W O O O O� N m m r O N m O O m M N O m M N M a O m O m O E'L•Lul W rA r OONNN N-N2 W n C N�- W r r ODr W'- NZ •04-V Om AaA m N M m W w A r m N�2 W en ea� yr e"i en ei NOme e a««Omm Me a «NOO e r e e�- Na •Fe a ONe a V e Ne Ne Ne me m M m N O M A A N m N N m A m 0 0 m 1(1 m m e m m. O m m O N m N m m s{ m M M<ar O m m m V A V i� m m f0 sf.- m N m V�- M m m m cp O O O •Y �-O N of t•� O -O O O 2 F m M m M O.....m M m V N M y m sY N A m r N m N 9 r m r lm l' Wa N m m N N •d' ' N A N N N N N Q M m V N m N 2 lo � di t9 f9 V3 f9 Ni f9 C � � N o N m m? = A. _ m �w -6 oY �o2ycac°ic -Y 3 H `w w om 'o o m m c V U m a _ v `m y v K 'a m J •o -3o m C } d �dO �'N9 N N tO.VOrnN� r C d U d Ol o c W �p N e U U U o 3 LL LL ^ o o a- u c v o o " m oo m h F Z W LL'J O U f q_Z Z Z U Y J J U 3 M U W Z U d' O Z LL m Q _ A p N v d o d C W LL Q allocators. As stated earlier the allocators were developed using the information from Exhibit 2. 4.0 PLANT IN SERVICE Exhibit 3 shows the Forecasted Ratebase, which includes Gross and Net Plant and Depreciation Expenses for FY10 through FY11. The Capital Additions for FY10 are based on ten months of actual data and two months forecast data. The retirements are estimated to be approximately $1 million, which is based on recent historical trends. The Net and Gross Plant is also sub-allocated to demand and energy related functions. These sub-allocations result in splitting the depreciation expenses into either demand or energy costs. The Gross Plant in Service for FY11 is projected to be $121,268,618,which is shown on Page 2 of Exhibit 3. The FY11 Net Plant is expected to be $66,910,490 and the Depreciation Expenses of $3,466,217, which are shown on Page 4 of Exhibit 3. These balances are based on present Gross and Net Plant for FY10 and increases in plant according to the FY11 Capital Budget. The projection of Net Plant and Depreciation Expense include 2% depreciation in FY10 and 3%depreciation in FY11. 5.0 OPERATION AND MAINTENANCE EXPENSES Exhibit 4 shows the Operation and Maintenance Expenses for FY11, which includes the Power Production Expense, Transmission Expense, Distribution Operation Expense, Customer Account Expense, Administrative and General Expense, Depreciation Expense, and Other Expenses and Revenues. There are sub-allocations for the Distribution Operation and Maintenance Expense and the Depreciation Expense. The Forecast FY11 Total Revenue Requirement is$43,392,928 as shown on page 4 of Exhibit 4 and does not include the Rate of Return(ROR)of$2,500,000. 6.0 REVENUE REQUIREMENT ALLOCATION Exhibit 5 shows the FY11 Allocated Total Revenue Requirement, which includes the allocated costs of Operation and Maintenance Expense for FY11. The Total Revenue 7 Requirement for FY11 is forecast to be $45,892,928 and includes the $2,500,000 Rate of Return, which is 3.79% of Net Plant. The RMLD is allowed to earn 8% of its Net Plant. The allocators used to determine the Cost of Service for each line item are shown in Column 4. The Total Revenue Requirement for each rate class is shown at the bottom of Exhibit 5, page 6 and is also on Table 3. 7.0 REVENUE PROOF Exhibit 6 shows the Revenue Proof for FY11 at the current rates and at the Potential New Rate. The Current Rates calculation includes the RMLD's electric rates presently in effect, the PPA of$.0072/kWh, and the energy and demand usage in Table 5—Bill Frequency. Each customer class has a Forecast Class Total, which is the calculated revenue for FY11 without the base rate increase. The Forecast Class Total at Current Rates is$44,618,035 and is shown at the bottom of Page 4 of Exhibit 6. The Potential New Rate for each customer class represents the rates from the Current Rates plus the Reallocated Effective Rate Change suggested in Table 3 for the Residential A-Rate (3.65%), Residential A-Rate Water Heating (3.96%), and the Commercial C-Rate (4.27%). Also included in the energy rates for all classes is the average FY10 PPA of $.0072 being rolled into the Energy Charge. At the bottom of Exhibit 6 the Forecast Class Total is $45,741,164 with the Reallocated Revenue Req. Class Total being $45,892,928, which is a minimal difference of$124,863 or.33% due to rounding. 8.0 RECOMMENDED NEW RATES The changes in the electric rates recommended by the RMLD are shown below. In addition to these rates there will also be a Fuel Charge, an Energy Conservation Charge,a Hazardous Materials charge, Purchased Power Adjustment (PPA), and a -10% Prompt Payment Discount. 8 The Fuel Charge is charged to each rate class and represents the average monthly cost of fuel from the RMLD's power suppliers. The cost of fuel was not included in the FY11 COSS and the fuel expenses are directly passed through to each customer. The Energy Conservation Charge is the same as was introduced in the last rate increase in 2008 and recovers the Energy Conservation Expense. The Energy Conservation Expense was not included in the COSS. The Energy Conservation Charge in FY10 was $.0005/kWh for the residential customers and$.001/kWh for the commercial customers. The Hazardous Materials (HAZMAT) Charge is intended to recover the cost of the soil remediation at the Gaw Sub Station due to the Poly Chlorinated Biphenyls (PCB) contamination and will be charged to each customer on a kWh basis and which will fluctuate from time to time. The RMLD estimates that it may recover$300,000 of HAZMAT cost during FY11. The RMLD believes that the remediation costs may reach$2,000,000. The HAZMAT Charge will only be used to recover hazardous material charges and will be adjusted to$.00/kWh when the there are no outstanding Hazardous Material costs. As stated earlier the PPA is a component of the bill that is adjusted monthly to recover fluctuations in power supply costs during the year. The Prompt Payment Discount is 10% and is applied to the non-fuel expenses on a customer's electric bill. The customer will receive the Prompt Payment Discount if the bill is paid within the seventeen day discount period. The recommended rates discussed below are taken from Exhibit 6. 8.1 Residential A Rate The typical residential customer in the RMLD service territory uses approximately 9,200 kWh annually. 9 Residential-A Rate Customer Charge $3.47/Month Energy Charge $.0836/kWh Under the recommended rates a typical residential customer, using an average of 750 kWh per month,would pay$102.08 under the new rates as compared to$99.49 under the existing rates,as shown on Table 4 and Exhibit 1A. The overall increase is 2.601%of which 2.105%is due to the rate increase and .496%due to the readjusted PPA. 8.2 Residential Hot Water Rate Under this rate the residential water heaters are automatically shut-off peak 2 PM to 4 PM each day through the use of special meters and time clocks. This is not a mandatory rate. Residential Water Heating (100 kW through 433 kWh) Customer Charge $3.48 <100 kWh $.0807 100-433 kWh $.0366 >433 kWh $.0807 It is estimated that water heating usage averages 333 kWh per month. According to Table 4 and Exhibit 1B the Water Heating Rate will cost the average customer $119.63, which is an overall increase of 2.607% as compared to the existing rate of $116.59. The increase in this rate is due to the rate increase of 1.942%and.665%from the readjusted PPA. 8.3 Residential Time of Use Rate The Residential Time of Use (RTOU)Rate gives the customer the choice of moving a portion of their energy usage from the On-Peak to the Off-Peak period and take advantage of an overall lower kWh rate. 10 Residential Time of Use Rate Customer Charge $5.51/month On-Peak Energy Charge $.0826/kWh Off-Peak Energy Charge $.0614/kWh TOU Water Heater Rate $.0350/kWh The On-Peak period is defined as the hours between 10 AM and 8 PM Monday through Friday except for major holidays. The Off-Peak period is defined as the hours between 8 PM and 10 AM Monday through Friday and all hours Saturday, Sunday and holidays. The average customer on this rate uses approximately 1,000 kWh a month based on usage patterns. The average monthly bill under the recommended rate is projected to be$108.86, which is an increase of.608% over the existing rate of$108.21,which is due to the readjusted PPA. 8.4 Commercial C-Rate The Commercial Rate C-Rate was developed based on the cost of service for all the existing commercial customers except for the Industrial Time of Use Customers and the Schools in Reading,Wilmington,North Reading, and Lynnfield. Commercial C-Rate Customer Charge $5.97/Month Demand Charge $6.25/kW-Month Energy Charge $.0519/kWh Based on an average monthly usage of 25 kW and 7,300 kWh (40% load factor) the monthly energy cost is estimated to be $905.12 under the existing rate and $929.88 under the recommended rate, which is approximately 2.736% higher than the existing rate with the rate increase being 2.205%and the PPA increase being.531%. 11 8.5 Industrial Time of Use Rate The Industrial Time of Use (ITOU) Rate is presently being billed to twenty-six of the RMLD's larger customers. Due to the structure of this rate and the metering used to bill it,a customer must remain on this rate for a minimum of one year. It is not economically beneficial for a customer to be on this rate unless it has an annual load factor of at least 55% and uses 60%or more of its electricity usage Off-Peak. The On-Peak period is defined as 10 AM to 8 PM during week days excluding holidays with the Off-Peak period being the remaining hours. Industrial Time of Use Rate Customer Charge $27.54/Month Demand Charge $7.90/kW-Month On-Peak Energy Charge $.0484/kWh Off-Peak Energy Charge $.0362/kWh Based on an average monthly usage of 914 kW and 462,864 kWh (68% load factor) an average electric bill will be $51,567.86 under the existing rates and $51,876.01 under the recommended rate or an increase of.598%due to the readjusted PPA. Customers electing to be billed under this rate will be required to have electronic metering installed at their facility with the capability to record fifteen minute demand data that can be retrieved in order to determine the amount of load that was used at any given time. 8.6 Schools The School Rate was developed in 2008 and reflects usage in the school in the RMLD's service territory. The usage patterns for the schools are very similar because they all exhibit winter peaks and reduced summer usage due to school vacation. 12 School Rate Customer Charge $5.51/Month Demand Charge $5.76/kW-Month Energy Charge $.0483/kWh The School Rate is lower than the Commercial C-Rate and the Industrial Time of Use Rate because the school usage, both demand and energy, is lower during the summer months, when the RMLD experiences its peak demand usage. An average school uses 108 kW and 30,406 kWh on an average monthly basis. The average monthly bill under the recommended rate is projected to be $3,744.32 or an increase of .539%over the existing rate of$3,724.24, due to the readjusted PPA. 8.7 Coop/Resale The Coop/Resale Rate is charged to neighboring utilities for power resale at the franchise boundary. There are customers adjacent to the RMLD's service territory, which are served by the Department because of the system configuration. These sales are classified under the Coop/Resale category. Coop/Resale Rate Customer Charge $3.20/Month Energy Charge $.0766/kWh The average monthly cost under the existing rates is$252.76 and is expected to increase, due to the readjusted PPA, .521%to$254.08 under the recommended rates. 8.8 Streetlights The Street Lights rates have been increased by the PPA and will have no other adjustments made to them. 13 EXHIBIT I \ 4 \ | \ \ y $ § cli Gq N $k / / §§ \- | If / \ % \ § ¥ + Q $ 7 f . \ \ § \ / 2 . a o a / 2 % & ^ � @J@ % \ $ / J & ow e U) Z ƒ \ . / F- / z / / u u 3 ƒ < < F- z E \ 0 i / ? E CL \ E / / \ � u $ z 9 = c 3 0 \ / / < i U) w < o cn \ \ k \ LU/ } \ z ƒ ƒ zw \ \ \ \ \ \ \ \ ƒ o o I E z < o = ƒ t » LLI \ 17 k | 2 \ E $ \ L § n w r w e Cl) a � a m w ® & ® ; 2 / f f % � e ; LU < / uj \ g p / % a g 'i \ \ \ \ LLI 2 2 & 2 ■ / / k R z e ty0 \ �° Z . %LLI 0 � LLI F- < < y z } p \ \ \ \ \ ƒ 2 E \ ƒ ® 2 R 2 \ E e ? . = O E u \ \ / / \ \ 2 . 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N � N f9 f9 (A (9 d E b R A h o 12 d C U m w° LL LL w d LL t�Q N OI d y'LL E 0 01 LL LL Q N° d m O J c o 02 d nto 9�cm�mwU 8�d�8 ��No.oE=w�ddiwdi gE�Uwvz'sgw= div` wltaxc a0a Ew� �e1tn9 IK xa�mE = 2 �zwonziwzzw¢ ozw& o0.1Zijzwm3owzo � EXHIBIT 3 W t O O m M co O N N t• 117 t M 1 N 00 N 1 0 t t O N N N a)M 10 10 h 1� M O(D O u'1 t• O m N W M M 1 M O co } O ' m00 N t0 ' O r ' W O ' r i� ' fD V ' O t O V 1D ' t ' M N r 0) ' t` ' I` a 16 m M w O M to m c6(D L6 c`. m M 10 N N(M Na) O(D W M O M m N �-M(D I� 'OM OM NN N�-- N OO t O co�M 1 (Ij �O r 0 co N N W(D N M n M M N� M t O m p .- M N M -It N M t' u'1(V N 1D N m 0 N 0) O LL � fA fA N co M co 0 t1A O)N O 0 N cl O 1 M O W M in W OO D)O!in O N V ' 1 117 m t`O ti N M O M M (a �O V' M�-OMNt (vt ONO N cct M '-t O 4 (R » » c •� N i � r � � � r i � r i r . . i r i i r i . r r U y m c 6 N m W (n (t7 u) o m rn v ao y r . . . . . . i C N r N r r E N o ui m O O O N O 0.' ff3 (A b3 ao t N n O N O A = ' N i r i r r r i i r i i i i r r O 0 ' h ' N ' 10 ' O CL N')Cm ti M N O O U ,0 N N to c0 M N N t L 'p 10 M V O O O) 0)W O)N N 1� 1n t i� t 0O CA N N N O 00 D)1D N m W W M � t17 1� t• M O w (D (O i n W N M N I"n N M 1 M O ' N ' N 10 ' O ' W O �-(� ' 0 1 ' 0 1 M t(n r t` ' W M ' c �- �-(O ' O t �• 1D 7 m m (D O M f� ' M O w(D m M ti M N 1 N M M co N M fV 1 o 01 M(D N O N co 0 (D M (D M (D N N r N r t a0 t`r-M t O O)O N O r NM m O1p tti MO7 (Dm O N M o MN I� t (DN co "rO Nm Nm 0 0 LL U v> (» ea m d't0m0Cn t�O)co O0)C\l m N nm M 00 V'NN(f)(D 001n 01t)NN r NO)MO (lJMtO limn t M 1D O(D cl t N i^.(D N cl O ' oDN(q O.-•W 000 corh-OO tt O� ' OrI� �--00MN0�f� [D V Ot p 0 M0)(P tD(00 m 00 ht(h m t 001D M 1DM LO C14 (D CO 000 NM 1n 00 MM to t O f- 'o W tONvN�-vN� tl�I� �10(O0)(DMMO)D)r- M m D7 LLlM NtI� Mdu O(D mN O(ONM t .0 vM N v m tDN N(Dt 1Dt0�N 10 vN In ) O _ Z N C X o m W •� r i � i i r r i r i r i (L X y W O fl va rfl N Cr i r i i r i i i i r i i i r r i r i r i r i N i r r r i r r i W O M W co v . 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O c d = O .- oaa LLa dna dUa d c-o d ca d�' o �� �a °�m 3a �Ua ��a Baa `d$-o d a `m LL o y w ti ,a c E LL c E a c E L c E c E m m c c E m ' c E a c E J c E c c E " c E c E m m C (c y N O N O N N O t0 O t0 O W J d W t0 O N O t0 (6 O N O O (O O C (0 O N N O lO d E y�' E m d E w m E m m E N y o(j _7 C E y p)°� E v, d E (n m E N U E m N E m d E U U O) d J (O d J d J d d J d J O d J d d J L d J d J d 7 F' d J U d J U d'•" d y 3oU CDU dOUaDUaDU m a (')'-OU m dO Ud OUaOU-o0U d0U C)L) 0 0 O o > G c o m 2 l0 o p > c C C d d C y W LL LL F- (L 0 D 13� J 05 V) v)LL 0 > > J (1) —J v)v)(4 1� M fD M t�t` (O N N co o } O (D Lf) r`r V' m m O i rn CO O ' N ' M W O N ' tD O O V_ •p i� o W m (O T 00 O m OOD 11j NV O �O N N N r pNp M m ID c V' (D (M r Lo (D U N M M D O m O LL 64 69 69 69 64 64 64 69 wm. O i m R C U Q fA 69 Vi 64 69 69 64 69 C r m (D V M co N O N i� n O O i co W i I m ' ti-�� ' M or N i N N r O cq (A V� M m O co M m to (D m C � co N r O (MD C V a m N N M M m ❑ Fj (» 69 64 69 64 69 69 N W t M m N 69 6 r d � 64 9 Eli 69 69 69 69 r O Is; o C w 69 6964 69 C 4 oo co o c>co dt V O V d m C N V (o N (n t0 n O (D r O �O O ' W ' O ' O n R O ' co n O W I d W of N eN� (P W M (D O V OpL N a0 lot �r a00 y W M M V N M r In lo co o J. V 6s EA V) ffi 64 Vi 64 69 m O o o O Co , . . . . . , . . . cn m W m N 69 64 di 69 69 69 fi3 _ } X O D N OV O N coO�O r O � 07 of m oo ' f� ' ' ' O ' ' n ' W r h ' 7 N OD C C 1 o (D M (O N O(o n N ' O O O mm d (OD_ W st N N CL W r r (V (V O Eli Eli En vi N Ov m � I r 00 w 69 Ki 64 69 69 69 fl) O = i i i i p +m o O O U Q 69 Vi 64 EA 69 69 69 P. O N co o0 O N M m O N O y co M N m M O N O M N (D W O {L (D N D) 00 Co to M M R'R OJ O ' O U ,d n co N W V W O r co (V 1� C (D oo (D co co n N r O w N () CN oc O h o) 'Ir N _ i� O (D m (p M M 'R (o N r -It oo 7m. ep'l 69 69 Vi 69 EA 64 Vi t C w m 14 ❑ r ' m C d N = a' d o o c Q m E o m m A p mq D a i0 m W C m O'-o O.E m� o_ a. Z.v s ° `m v m Eum N asO c mmm m V U Q; = N m m 7w O W S O G Q m oI m wv (mi m 06 2 N a w`� (� E W C c c m m c2 2 ' Em `oo °D3Ey o oo W li ti __ (7 Jin inOUF-in F- (L L) EXHIBIT 4 EXHIBIT 4 Reading Municipal Light Department Electric Cost of Service/Unbundling Study Forecasted Operation and Maintenance Expenses Forecasted Year Ending June 30th,2011 Adjustments Budgeted Suballocate Adj Account Expenses FYI Suballocate Suballocate Adj 1 1 Forecast FYI Operation and Maintenenance Expenses Power Production Expenses Other Power Supply Expenses Purchased Power $ 27,711,574 $ $ $ $ $ 27,711,574 System Control and Load Dispatching - - PASNY Costs Unused Total Other Power Supply Expenses $ 27,711,574 $ $ $ $ $ 27,711,574 Total Power Production Expenses $ 27,711,574 $ $ $ $ $ 27,711,574 Transmission Expenses Transmission Maintenance Expenses Maintenance Supervision and Engineering $ 3,000 $ $ $ $ $ 3,000 Maintenance of Structures - - Maintenenace of Station Equipment Demand Customer Maintenenace of Overhead Lines Demand Customer Maintenance of Underground Lines Demand Customer Maintenenace of Misc.Transmission Plant Unused Total Transmission Maintenance Expenses $ 3,000 $ $ $ $ $ 3,000 Total Transmission Expenses $ 3,000 $ $ $ $ $ 3,000 Distribution Expenses Distribution Operation Expenses Operation Supervision and Engineering 441,931 $ $ $ $ $ 441,931 Load Dispatching 619,609 619,609 Station Expenses 426,490 (426,490) - Demand 298,543 298,543 Customer 127,947 127,947 Overhead Line Expenses - - - Demand Customer Underground Line Expenses - Demand Customer - Street Lighting and Signal System Expenses 67,892 67,892 Meter Expenses 483,082 483,082 Customer Installation Expenses Misc.Distribution Expenses 347,115 347,115 Rents - Unused Total Distribution Operation Expenses $ 2,386,119 $ $ $ $' $ 2,386,119 Page 1 of 4 EXHIBIT 4 Reading Municipal Light Department Electric Cost of Service/Unbundling Study Forecasted Operation and Maintenance Expenses Forecasted Year Ending June 30th,2011 Adjustments Budgeted Suballocate Adj Account Expenses FY11 Suballocate Suballocate Adj 1 1 Forecast FYI Distribution Maintenance Expenses Maintenance Supervision and Engineering $ 187,456 $ $ $ $ $ 187,456 Maintenance of Structures Maintenenace of Station Equipment _ Demand Customer Maintenenace of Overhead Lines 1,211,643 (1,211,643) - Demand 363,493 363,493 Customer 848,150 848,150 Maintenance of Underground Lines 190,362 (190,362) - Demand 57,109 57,109 Customer 133,253 133,253 Maintenenace of Line Transformers 93,500 (93,500) Demand 65,450 65,450 Customer 28,050 28,050 Maintenance of Street Lighting and Signal System 8,909 8,909 Maintenance of Meters 3,875 3,875 Maintenenace of Misc.Distribution Plant _ _ Maintenance of Rental Lights Total Distribution Maintenance Expenses $ 1,695,745 $ (0) $ $ $ $ 1,695,745 Total Distribution Expenses $ 4,081,864 $ (0) $ $ $ $ 4,081,864 Total Expenses Before Administration $ 31,796,438 $ (0) $ $ $ $ 31,796,438 Customer Accounts Expenses Supervision $ _ $ $ $ $ $ - Meter Reading Expenses 64,512 64,512 Customer Records&Collection Expenses 1,398,088 1,398,088 Uncollectible Accounts 180,000 180,000 Misc.Customer Accounts Expenses Unused Total Customer Accounts Expenses $ 1,642,600 $ $ $ $ $ 1,642,600 Customer Service and Information Expenses Supervision $ $ $ $ $ $ _ Customer Assistance Expenses Informational and Instructional Advertising Expenses Misc.Customer Service and Informational Expenses Unused Unused Total Customer Service and Information Expenses $ $ $ $ $ $ Sales Expenses Supervision $ $ $ $ $ $ Demonstrating and Selling Expenses Advertising Expenses _ Miscellaneous Sales Expenses 494,776 494,776 Unused Total Sales Expenses $ 494,776 $ $ $ $ $ 494,776 Administrative and General Expenses Administrative and General Salaries $ 776,849 $ $ $ $ $ 776,849 Office Supplies and Expenses 278,100 278,100 - Utility Office Salary Elec.Share Outside Services Employed 293,500" 293,500 Property Insurance 478,900 478,900 Injuries and Damages 64,805 64,805 Employee Pensions and Benefits 1,188,607 1,188,607 Energy conservation Residential _ _ Energy conservation Non-Residential Duplicate Charges--Cr. Miscellaneous Advertising Expense _ _ Miscellaneous General Expenses 212,303 212,303 Interest _ Rents 212,000 212,000 Maintenance of General Plant 755,689 755,689 Insurance General Total Administrative and General Expenses $ 4,260,753 $ $ $ $ $ 4,260,753 Page 2 of 4 EXHIBIT 4 Reading Municipal Light Department Electric Cost of Service/Unbundling Study Forecasted Operation and Maintenance Expenses Forecasted Year Ending June 30th,2011 Adjustments Budgeted Suballocate Adj Account Expenses FY11 Suballocate Suballocate Adj 1 1 Forecast FY11 Total Administration Expenses $ 6,398,129 $ $ $ $ $ 6,398,129 Total O&M Expenses $ 38,194,567 $ (0) $ $ $ $ 38,194,567 Depreciation Expenses Transmission Plant Land&Land Rights $ - $ $ $ $ $ Structures&Improvements 47,526 47,526 Station Equip. 178,465 (178,465) - Demand 107,079 107,079 Customer 71,386 71,386 Towers&Fixtures 2,585 (2,585) Demand 1,680 1,680 Customer 905 905 Poles&Fixtures 3,178 (3,178) - Demand 2,066 2,066 Customer 1,112 1,112 Overhead Conductors and Devices 2,547 (2,547) - Demand 1,655 1,655 Customer 891 891 Underground Conduit 1,321 (1,321) - Demand 859 859 Customer 463 463 Underground Conductors and Devices 1,154 (1,154) Demand 750 750 Customer 404 404 Roads and Trails Total Transmission Plant $ 236,777 $ $ $ $ $ 236,777 Distribution Plant Land&Land Rights $ $ $ $ $ $ - Structures&Improvements 137,567 137,567 Station Equip. 277,379 (277,379) - Demand 194,165 194,165 Customer 83,214 83,214 Storage Bat.Equip. 1,012 - 1,012 Poles&Towers 634,385 (634,385) - Demand 190,316 190,316 Customer 444,070 444,070 Overhead Conductors 469,808 (469,808) Demand 140,942 s;. 140,942 Customer 328,865 328,865 Underground Conduit 218,513 (218,513) - Demand 65,554 65,554 Customer 152,959 152,959 Undg Conductors 227,804 (227,804) Demand 68,341 68,341 Customer 159,463 159,463 Line Transformers 268,379 (268,379) - Demand 187,865 187,865 Customer 80,514 80,514 Services 155,831 (155,831) Demand 46,749 46,749 Customer 109,082 109,082 Meters 126,365 - 126,365 Inst.Cust.Premises 777 777 Leased Property on Customers'Premises Street Lights&Signal System 72,519 72,519 Street Lights&Signal System Overhead - Street Lights&Signal System Underground Instail Security Lights Total Distribution Plant $ 2,590,339 $ (0) $ $ $ $ 2,590,339 Total Plant Before General Plant $ 2,827,116 $ (0) $ $ $ $ 2,827,116 Page 3 of 4 EXHIBIT 4 Reading Municipal Light Department Electric Cost of Service/Unbundling Study Forecasted Operation and Maintenance Expenses Forecasted Year Ending June 30th,2011 Adjustments Budgeted Suballocate Adj Account Expenses FYI Suballocate Suballocate Adj 1 1 Forecast FY11 General Plant Land&Land Rights $ _ $ $ $ $ $ Structures and Improvements 219,884 219,884 Structures&Improvements(new) . Office Furniture&Equipment 194,903 194,903 Computer(hardware,software,labor) _ Transportation Equip. 123,727 123,727 Stores Equip. 3,161 3,161 Tools,Shop&Garage 15,173 15,173 Laboratory Equipment 10,142 10,142 Power Operated Equipment _ Communication Equipment 68,719 68,719 Misc.Equipment 3,392 3,392 Training Equipment _ Total General Plant $ 639,101 $ $ $ $ $ 639,101 Total Depreciation $ 3,466,217 $ (0) $ $ $ $ 3,466,217 Other Customer Deposit Interest Expense $ 12,000 $ $, $ $ $ 12,000 Bond Interest Expense - Amortization Expense _ _ Other Deductions(incl.ROI) 2,225,000 2,225,000 Town Payments 1,320,000 1,320,000 Purchased Power Adjustment _ Debt Retirement Not Used Not Used Total Other $ 3,557,000 $ $ $ $ $ 3,557,000 Total Expense $ 44,578,683 Less: Other Revenues Forfeited Discounts $ (870,359) $ $ $ $ $ (870,359) P.I.L.O.T Customer Fuel Reimbursements Generating Credits Transmission Wheeling Rent MMWEC Refund (384,497) (384,497) Other Electric Revenues (120,000) (120,000) Interest Income (450,000) (450,000) Total Other Revenues $ (1,824,856) $ $ $ $ $ (1,824,856) Total Revenue Requirement(Excluding ROR) $ 43,392,928 $ (0) $ $ $ $ 43,392,928 .......... Page 4 of 4 EXHIBIT 5 fa b U) M M O M M O J M 0 Ci l3 N V h M U W O N ro M o v v OO N N M r N U ass » r» (» e> e» e> o in h co M d U v> ea » rn F» cn <n o r h h a h eo N o s m NCI m M M M r m m p h h h Z e> (n cfl f» ea e» » h h n min �a o V C 01 c0 ' N N � � � � � � UJ � O d E 06 m ro 0 v e> f» <» us u> va yr J N 00 t0 O) m m M O <7 V N � M N ' W �t W = c- p O UJ M U) U W � V3 E9 fA cfl fN fA V3 JM M M M M M O(D UJ M m N d V Y M H w i � � � � i i i i i � M M r n ' N V . . i . r 2 F- W U, N U') N U) M N O M o a u� N N N ul W Q 3 IlJ _... F � 4H V3 EA fA fA 69 EA tO O f • � Ol O) M UJ N h O M Qa V UJ O h N M M O N � � � i � � � � � i N N O O ' Q Ii W O d F N M Z O O O p W b3 to fH !fl EA vi K3 O _ .,, S O1 c c c Q --- 3--3-- -- d. 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NYPA,$ 142,752 11,896 11,896 11,896 11,896 ... YPA,l-w 67,141 4,534 4,019 4,533 6,328 ... ISO$,% 32.05% 32.25% 27.22%i 31.03% 37.33% ... ISO Dmd$ 6,309,820 515,991 511,784 503,549 537,098 ... ISO Kw 15 43,677 125,958 125,846 125,496 131,553 ... Total Dmnd$ 19,687,248 1,600,167 1,880,365 1,622,793 1,438,821 ... Total Kw 2,884,520 228,562 227,926 228,092 250,315 ... $/ Kw $6.83 $7.00 $8.25 $7.11 $5.75 ... ISO Kw,% 53.52% 55-11% 55.21% 55.02% 52.55%, ... 240,377 Average Kw per month in 2010 from 2011 budget summary,reduced by 19,032,105 19,033,110 0.9999997 Item $ $ Project 3-Debt 1,432,402 C 1,432,402 Project 4-Debt 4,351,075 C 4,351,074 Project 5-Debt 579,973 C 579,973 1°Iydro-Support 284,400 C 284,400 Peaking-Capacity 606,782 C 606,782 Sub-total Braintree Watson 1-517,232 C 1,517,232 8,771,863 Nuke#1 Millstone 2,260,783 V 2,260,782 Nuke Mix 1 Seabrook 255,698 V 255,698 Sub-total Intermediate-Capacity 1,505,613 V 1,50.5,613 4,022,093 NYPA Capacity 152,352 X 152,352 %ofKw ISO Capacity 6,085,800 Z 6,085,797 Av'g rate $6.60 100.00% Sum 19,032,110 New Sum 19,032,105 NYPA rate $2.27 2.33%r> Capacity, Kw 19,032,105 6,886,739 155,176 40,389 6,023,936 5,370,915 31,252 113,008 410,689 Percents 100.00% 36.18% 0.82%n 0.21%, 31.65% 28.1-1% 0.16% 0.59% 2.16% Original,Exhibit 5 Total Res Res-Water Res-TOU Commercial TOU Resale Lights School Demand,COSS p. 1 19,032,105 6,886,739 155,176 40,389 6,023,936 5,370,915 31,252 113,008 410,689 Estimated Kw 2,788,530 1,009,026 22,736 5,918 882,610 786,931 4,579 16,558 60,173 Percentages 100.00% 36.18% 0.82% 0.21% 31.65% 28.22% 0.16% 0.59% 2.16% ISO Capacity Cost,$ 6,085,800 2,202,138 49,620 12,915 1,926,243 1,717,430 9,993_ 36,136 131,324 RMLD peak 8/18/09 155,800 School peak 8118/09 1,991 Thus school demand% 1.28% School ISO demand amInt 77,772 COSS amount too high by 53,552 68.86% Res Res-Water Res-TOU Commercial TOU Resale Lights School .Zemove old School 5,954476 2202,138 49,620 12,915 1,926,243 1,717430 9,993 36,136 t m` Percentages 100.00% 36.98% 0.83% 0.22% 32.35%, 28.84% 0.17% 0.61%, ODA',- Spread of School-delta 53,552 19,805 446 116 17,324 15,446 90 325 O New ISO Spread 6,085,800 2,221,943 50,066 13,031 1,943,567 1,732,876 10,083 36,461 77,772 Some COSS-related Motions What Are the hupacts of COSS Changes? Move that the RMLD GM provide to the RMI..B the cost&revenue results for the 12 months atter the previous COSS rate changes went into effect. 2- Move that the RMLD GM provide to the RMLB the cost& revenue results for the 12 months after COSS rate changes enacted after 30 June 2010 go into effect. Improved RMLD Metering 3. Move that all metering for Industrial TOU be of the type to record hourly data.. 4. Move that the metering for at least 100 randomly selected Commercial customers (non house of worship) be of the type to record hourly data. 5. Move that the metering for at least 25% randomly selected houses of worship be of the type to record hourly data Basis of Charges from Demand & Transmission Vendors 6. Move that basis of charges, i.e., on what basis are the charges computed and what could the RMLD do to decrease the charge by 5%, be obtained from Demand and Transmission vendors is, "fix e., 1xene r a l Lawss of Massachusetts.------1 , ._..... .. .,................... --' Go To: Next Section Previous Section PART I. ADMINISTRATION OF THE GOVERNMENT Chapter Table of Contents MUL Search Page. General Court Home TITLE M.LAWS RELATING TO STATE OFFICERS CHAPTER 30B. UNIFORM PROCUREMENT ACT Chapter 30B: Section 12. Term of contract; information to be included in solicitation; cancellation of contract Section 12. (a) Unless otherwise provided by law and subject to paragraph(b), a governmental body may enter into a contract for any period of time which serves the best interests of the governmental body; provided,however, that the procurement officer shall include in the solicitation the term of the contract and conditions of renewal, extension or purchase, if any. The procurement officer shall not enter into a contract unless funds are available for the first fiscal year at the time of contracting. Payment and performance obligations for succeeding fiscal years shall depend on the availability and appropriation of funds. (b) Unless authorized by majority vote, a procurement officer shall not award a contract for a term exceeding three years, including any renewal, extension, or option. Such authorization may apply to a single contract or to any number or types of contracts, and may specify a - --' uniform limit or different limits on the duration of any such contracts. (c) The invitation for bids, request for proposals, or other solicitation of any contract for a term exceeding one year, including a renewal, extension or option, shall state, in addition to the other information required by this chapter: (1) the amount of supplies or services required for the proposed contract period, and whether such amount is the actual amount required or an estimate; (2) that the bidder or offeror shall give a unit price for each supply or service, and that the unit price shall remain the same throughout the contract, except to the extent that the solicitation and resulting contract provides for price adjustments; (3) that the procurement officer shall cancel the contract if funds are not appropriated or otherwise made available to support continuation of performance in any fiscal year succeeding the first year; (4) whether the bidder or offeror shall submit prices for: (i)the first fiscal year only; (ii) the entire time of performance only; or (iii)both the first fiscal year and the entire time of performance; and http://www.mass.gov/legis/laws/mgl/30b-12.htm 7/21/2010 (5) how the award will be determined, including, if the contractor submits prices for the first fiscal year and the entire time of performance, how the prices will be compared. When a contract is to contain an option for renewal, extension, or purchase,the solicitation shall include notice of the provision. The governmental body shall retain sole discretion in exercising the option, and no exercise of an option shall be subject to agreement or acceptance by the contractor. (d) When funds are not appropriated or otherwise made available to support continuation of performance in a subsequent fiscal year, the procurement officer shall cancel the contract. (e) The governmental body shall not exercise an option for renewal, extension or purchase unless the procurement officer, after reasonable investigation of costs and benefits, has determined in writing that the exercise of the option is more advantageous than alternate means of procuring comparable supplies or services. (f)Notwithstanding the provisions of paragraphs (a), (b), clause(3) of paragraph(c) and paragraph(d) and further notwithstanding any contrary provision of any law or the provisions of any charter, a city or town may, in a contract for the disposal of its garbage, refuse,and offal or treatment or disposal of sewage, septage or sludge, agree that said city or town shall not be exempt from liability on such contract; provided, however, that such disposal shall be in a sanitary manner approved by the department of environmental protection; provided further, that the contract, including any renewal, extension, or option, shall be for a period not exceeding twenty years; and provided, further, that such contract has been authorized by majority vote. http://www.mass.gov/legis/laws/Mgl/30b-12.htm 7/21/2010 READING MUNICIPAL L T DEPARTMENT To: RMLD Board of Commissioners Date:July 21, 2010 From: Vinnie Cameron Subject: Survalent Technology Maintenance Agreement The Reading Municipal Light Department (RMLD) has a Supervisory Control and Data Acquisition (SCADA) program that provides real-time data on the RMLD's electrical system. This program was purchased from Survalent Technologies in 2008, which includes an annual maintenance contract for the Survalent software. Survalent recently offered the RMLD a five-year maintenance contract, which would result in a cost savings compared to signing a contract with a shorter time period. The costs of the contract is shown below with the relative discount amounts. If the RMLD signs a five-year maintenance contract with Survalent the RMLD could save $12,187.50 or 25% of the five-year maintenance cost. The RMLD intends to use this software for the long term, well more than five years. The RMLD's prior SCADA system was installed in the 1980's. Table 1 shows the contract years, the amount of the contract, and the relative discount. TABLE 1 Survalent Technology Gold Service/Annual Software Support/ Maintenance Years Cost Multi year Discount ( � Discount Savings Total cost 1 9,750.00 0.00 9,750.00 2 19,500.00 10% -1,950.00 17,550.00 3 29,250.00 15% -4,387.50 24,862.50 4 39,000.00 20% -7,800.00 31,200.00 5 48,750.00 25% -12,187.50 36,562.50 f._ 1 According to Massachusetts General Laws Chapter 30B, Section 12 (attached) a municipal entity cannot sign a contract for more than a three-year period without the approval of Town Meeting. I recommend that the RMLD Board of Commissioners approve the following motion so that an article can be placed on the Subsequent Town Meeting warrant for Town Meeting approval. The recommended RMLD motion is shown below. RMLD Board Vote Move that the RMLD Board of Commissioners recommend to the Town Meeting to vote pursuant to Massachusetts General Laws Chapter 30B, Section12 to authorize the General Manager of the Reading Municipal Light Department to enter into a five year contract, including a/I extensions renewals and options, in order to save $12,187.50 as compared to signing a one year contract, for maintenance of the Supervisory Control and Data Acquisition (SCADA)program for electric distribution system monitoring Board, upon such terms and conditions determined by the Reading Municipal Light Department General Manager, or take any other action with respect thereto. I have discussed this issue Reading Town Manager, Peter Hechenbleikner. He is agreeable to include an article on this issue for the fall Subsequent Town Meeting Warrant, if the RMLD approves the motion. Attachment: 1 2 Dt: July 22, 2010 ATTACHMENT 3 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier /�j"' )"o, S j: June 2010 Memo The 2010 fiscal year end figures are still being finalized. The audit will begin on Monday, August 9. I will have pre-audit figures during that first week in August. Kwh sales are 684,400,000, down by 11,600,000 or 1.7 %, compared to last year's total of 696,000,000. Bad debt expense could be as high as $190k. Last year's write offs were$232k. ATTACHMENT 4 To: Vincent Cameron From: Energy Services Date: July 23, 2010 Subject: Preliminary Purchase Power Summary—June, 2010 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of June, 2010. ENERGY The RMLD's total metered load for the month was 66,058,595 kWhs, which was an increase of 16.35 % compared to June, 2009 figures. Table 1 is a breakdown by source of the energy purchases. TABLE 1 Amount of Cost of %of Total Total$ $as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone#3 3,584,799 $4.61 5.42% $16,543 0.46% Seabrook 5,704,501 $8.86 8.63% $50,542 1.39% Stonybrook 5,272,050 $54.36 7.97% $286,604 7.91% Constellation 14,400,000 $64.26 21.78% $925,272 25.53% PASNY 1,541,403 $4.92 2.33% $7,584 0.21% ISO Interchange 8,124,119 $37.29 12.29% $303,695 8.38% NEMA Congestion 0 $0.00 0.00% -$4,560 -0.13% Coop Resales 67,517 $132.35 0.10% $8,936 0.25% Stonybrook Peaking 272,994 $171.74 0.41% $46,884 1.29% MacQuarie 26,368,000 $73.22 39.88% $1,930,781 53.28% Braintree Watson Unit 789,152 $65.29 1.19% $51,523 1.42% Monthly Total 66,124,535 $54.80 100.00% $3,623,804 100.00% Table 2 Amount Cost % of Total Resource of Energy of Energy Energy (kWh) ($/Mwh) ISO DA LMP 5,619,860 35.08 8.50% Settlement RT Net Energy 2,504,259 50.28 3.79% Settlement ISO Interchange 8,124,119 39.76 12.29% (subtotal) Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT Net Energy for month of June, 2010. CAPACITY The RMLD hit a demand of 152,014 kWs, which occurred on June 28, 2010 at 3 pm. The RMLD's monthly UCAP requirement for June 2010 was 212,197 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement. Table 3 Source Amount(kWs) Cost($/kW-month) Total Cost$ %of Total Cost Millstone#3 4,991 $63.49 $316,889 20.32% Seabrook 7,902 $54.48 $430,479 27.61% Stonybrook Peaking 24,983 $2.09 $52,163 3.35% Stonybrook CC 42,925 $3:81 $163,369 10.48% Pasny 0 $2.96 $11,896 0.76% HQICC 6,570 $3.46 $22,734 1.46% ISO-NE Supply Auction 114,306 $4.18 $478,347 30.67% Braintree Watson Unit 10,520 $7.94 $83,546 5.36% Total 212,197 $7.35 $1,559,422 100.00% Table 4 Resource Energy Capacity Total cost %of Total Cost Millstone#3 $16,543 $316,889 $333,432 6.43% Seabrook $50,542 $430,479 $481,021 9.28% Stonybrook $286,604 $163,369 $449,973 8.68% HQ II $0 $22,734 $22,734 0.44% Constellation $925,272 $0 $925,272 17.85% PASNY $7,584 $11,896 $19,479 0.38% ISO Interchange $303,695 $478,347 $782,042 15.09% Nema Congestion -$4,560 $0 -$4,560 -0.09% Coop Resales $8,936 $0 $8,936 0.17% Stonybrook Peaking $46,884 $52,163 $99,047 1.91% Integrys $1,338,989 $0 $1,338,989 25.83% MacQuarie $591,793 $0 $591,793 11.42% Braintree Watson Unit $51,523 $83,546 $135,069 2.61% Monthly Total $3,623,804 $1,559,422 $5,183,226 100.00% TRANSMISSION The RMLD's total transmission costs for the month of June, 2010 are $862,371. This is a 59.6% increase from the May 2010 cost of$540,275. In 2009,the transmission costs for the month of June, 2009 were $491,881. Table 5 Current Month Last Month Last Year ..r..- .:.......... .,....................... �,_ -...... Peak Demand(kW) 152,014 150,886 112,757 i Energy(kWh) 66,124,535 : 59,563 301 € 56,820 690 'Energy ($) $3,623,804! $3,058,961 $3,419,957: .__._,. w..............W__„_ ._..... .. ........... .. .. ..._........_...._..r_.................._...:...................r. lCapacity ($) $1,559,422 $1,655 184 $2,061,056: ;Transmission ($) $862,371 $540,275; $491 881 'Total $6,045,597 $5,254,420; $5,972,894 Table 5 shows the current month vs. last month and last year(June, 2009). 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W (6 r— CL W � CL CO N N N O tC) I� t` 0Y+O ,yf M M co O O m N tt) O O = lf) 2 O O — O t— CO r- co O z u u N V O O N O 0 0 0 Lo LO Ma CD moi• > W � S4' V/ V ^] O M F �/ • MM 4 O O Wy fQ N ti R W W O O O CO N f` t1) LO 0 0 0 0 0 0 CO CO CO d OU) O M 0 0 0 cc ++ E O M M d N Imo- N r N �— 0 0 00 y-+ N r- O O O N O O 0 0 0 0 66 ..� -------- --- ------------------ --------------- --------------- 00 ------------- --------------00 O O ' r p p V N N N COV N U- cn C + C + E .� M L Q CUL Q m L I0 O M N O t� O N '� -W coCIO ca U) ❑ fn ❑ ❑ C U J U J U J •� •� V 0 0 0 t6 0 0 0 0 0 O o 0 i- vn ryU- va- 0LL0CLru.. as 7/20/2010 11:36 AM READING MUNICIPAL LIGHT DEPARTMENT FY10 PRELIM CAPITAL BUDGET VARIANCE REPORT a FOR PERIOD ENDING JUNE 30,2010 ACTUAL YTD ACTUAL COST COST ANNUAL REMAINING # PROJECT DESCRIPTION TOWN JUNE THRU 6/30/10 BUDGET BALANCE 4 kV Retirement-Stepdown Areas - 1 Reading R $78,125 $31,415 ($46,710) 22 Wilmington-Main Street NEW W $16,209 $25,544 $112,152 $86,608 System Proiects - 2 Station#4 Getaway 4W30 Replacements R $146,540 $201,712 $55,172 3 Station#4 Getaway 4W 17 Replacements NEW R $851 $851 $170,779 $169,928 - 4 Salem Street Area W $109,129 $171,923 $62,794 5 High Capacity Tie 4W18/3W8 Franklin Street R $300 $129,004 $128,704 6 Haverhill Street-Reconductoring NEW R $52,644 $243,114 $184,460 ($58,654) URD Upgrades 7 URD Completions-Sanborn Village,Reading;Perkins VAR $5,496 $13,347 $38,496 $25,149 Farm,Lynnfield;and Chestnut Village,North Reading New Circuits and Circuit Expansions 8 Salem Street to Glen Rd 13kV Feeder Tie W $34,225 $303,235 $80,063 ($223,172) - 9 Reading Center-Main Street R $5,363 $13,932 $8,569 10 Reading Center-Haven Street R $23,311 $23,311 Station Upgrades Station#4 11 Transformer Replacement-Part 1-Contractual Labor R $102,250 $739,125 $1,231,500 $492,375 11 Transformer R eplacem ent-Part 2-Procured Equipment R $157,673 $344,800 $187,127 11 Transformer Replacement-Part 3-RMLD Labor R $11,263 $379,851 $432,405 $52,553 11 Transformer Replacement-Part 4-Feeder Re-Assignment R $228,159 $228,159 Station#5 23 15kV Circuit Breaker Replacement NEW W $157,528 $157,528 New Customer Service Connections 12 Service Installations-Commercial/Industrial Customers ALL $396 $40,653 $54,184 $13,532 13 Service Installations-Residential Customers ALL $15,987 $186,705 $176,623 ($10,082) 14 Routine Construction Various Routine Construction ALL $101,969 $1,423,638 $1,537,896 $114,258 Total Construction Projects $341,290 $3,853,192 $5,320,343 $1,467,151 Other Proiects 15 GIS $44,450 $52,984 $8,534 16 Transformers/Capacitors Annual Purchases $16,249 $241,389 $225,140 17 Meter Annual Purchases $28,382 $139,360 $110,978 18 Purchase Two New Small Vehicles $62,555 $62,000 ($555) 19 Replace Line Department Vehicles $349,192 $353,823 $4,631 20 Cooling Towers $398 $16,099 $200,248 $184,149 21 Security Upgrades $3,770 $25,000 $21,230 27 Hardware Upgrades $3,590 $43,700 $40,110 28 Software and Licensing $5,462 $39,098 $94,410 $55,312 Total Other Projects $5,860 $563,385 $1,212,913 $649,528 TOTAL RMLD CAPITAL PROJECT EXPENDITURES $347,150 $4,416,577 $6,533,256 $2,116,679 "' completed projects Reading Municipal Light Department Engineering and Operations Monthly Report June, 2010 FY 2010 Capital Plan 4 kV Retirement— Stepdown Areas 1. Reading — Project Complete. 22. Main Street— Wilmington — Installed transformers, cable, transfer services, and energized new primary and transformer on Lloyd Road. Framed for new primary on Main Street and Marjorie Road. System Projects 2. Station #4 Getaway Feeder 4W30 Replacement — Reading — Project complete. 3. Station #4 Getaway Feeder 4W17 - Wilmington - Engineering labor. 4. Salem Street Area - Wilmington — Project complete. 5. High Capacity Tie 4W18/3W8 Franklin Street— Reading — No Activity. 6. Haverhill Street— Reading/Lynnfield — Framed, installed spacers and spacer cable, and spliced spacer cable. URD Upgrades 7. URD Completions — Sanborn Village, Reading; Perkins Farm, Lynnfield; and Chestnut Village, North Reading — Underground- Install new cable, splices, make and install three stress cones for new pole riser, and energize. New Circuits and Circuit Expansions 8. Salem Street to Glen Road 13 kV Feeder Tie —Wilmington — Install new cable, spacers, transfer services, framed poles, and pulled in messenger on Everett Street, Wicks Street, and Salem Street. 9. Reading Center- Main Street — Project complete. 10. Reading Center- Haven Street— Project complete. Substation Up-grade Proiects 11. Transformer Replacement— Station 4- Reading Part 1 — Contractual Labor— Manufacture and install switchgear cubicles. Part 2 — Procured Equipment— No activity. Part 3 — RMLD Labor— Relay panel relocations and control wire modifications. Part 4 — Feeder Re-Assignment— No activity. 23. 15kV Circuit Breaker Replacement— Station 5 —Wilmington — No activity. 1 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 $181,123 Maintenance Overhead/Underground $472,677 Projects Assigned as Required $155,251 Pole Damage includes knockdowns some reimbursable $99,494 Station Group $48,522 Hazmat/Oil Spills $11,318 Porcelain Cutout Replacement Program $108,206 Lighting (Street Light Connections) $23,444 Storm Trouble $42,510 Underground Subdivisions $99,727 Miscellaneous Capital Costs $181,366 TOTALI $1,423,639 *In the month of June, two cutouts were charged under this program. Approximately 21 cutouts were installed new or replaced because of damage making a total of 23 cutouts replaced this month. 29. Force Accounts —The Commonwealth of Massachusetts requires utility plant equipment relocations in conjunction with various roadway reconstruction projects. No projects scheduled at this time. 2 Reliability Report Two key industry standard metrics have been identified to enable the RMLD to measure and track system reliability. A rolling 12-month view is being used for the purposes of this report. Customer Average Interruption Duration Index (CAIDI) — Measures how quickly the RMLD restores power to customers when their power goes out. CAIDI = Total of Customer Interruption Duration for the Month in Minutes/ Total number of customers interrupted. RMLD 12 month system average outage duration —44.72 minutes RMLD 4 year average outage (2006-2009) — 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 44.72 minutes. 90.00 .,r 80.00 76'52 70.00 66:05 60.54 60.00 50:28 50.00 p 40.00 -- 30.00 - 0.00 30.00 5.66 N 20.00 - 6 10.00 0.00 o'`�� P 5 0 , �tRMLD Monthly minutes per outage RMLD 12 month system average outage duration 44.72 4 year average 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 - .74 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 1.40 c 1.20 1,12 1.12 c 1.00 022 0.76 0.80 - - - - m 0.60 - - - - - - m 0.40 0 31 v_ 0.20 0.00 J e p o e Q a • RMLD monthly outage frequency — - - RMLD 12 month system average outage frequency .74 RMLD 4 year average outage frequency .82 (2006-2009) Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage every 16.22 months. 4 /(jL Reading Municipal Light Department � RELIABLE POWER FOR GENERATIONS 230 Ash Street P.O.Box 150 ATTACHMENT 6 Reading,MA 01867-0250 Tel:(781)944-1340 Fax:(781)942-2409 Web:www.rmld.com July 22, 2010 Town of Reading Municipal Light Board Subject: Residential High Power ERT Watt-Hour Meters On June 18, 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 was emailed to the following: WESCO Graybar Electric Company Stuart Irby Holbrook Associates AvCom Inc. Sensus Metering Systems Meterman Supply Inc. Elster Electricity, LLC UPSC Bids were received from Graybar Electric, Itron and Irby. The bids were publicly opened and read aloud at 11:0o a.m. July 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. Not all prospective bidders received the Invitation To Bid therefore, the RMLD is recommending to the RMLD Board of Commissioners to reject this bid in the best interest of the public. Move that bid 2010-23 for Residential High Power ERT Watt-Hour Meters be rejected on the recommendation of the General Manager. c4 XAJ--4j incent F. Omeron,Jr. vin ullivan Deirdre Ahearn -�---z- di C I File:Bid/FYI 0/Meter/2010-23 O m m o °' v A M J p . Qf N t!j o n N (O') Go O n o to o a 0 0 �` O O O O < N M O O M T N r M r M V O O < p N p n V p N <p r M p O M p n z r h - N W C F w m Q L E m V O Ln f' N M CO CO q n m C? O 'ITN o N n o n 00 c m O o p M e J y O N N V tV fp 07 n M r- to MN fV O O M co to W CO Oo 01r NrM N 1706 � < O n,r O ^r 6 x o MO at O°� CD OO st ON V ON V ON 1n O KT VY 40 d} yy N-7 VF fA 6FY 69, y}fPr U ri p fn :2 Q v U � uL E mcM 00 O o Mn 1 O WO W .Oa.o n o W O o �o N o O o 'S to � LIO o �on m �ro co �Mo � rrn U ap s O O CM O� O O O 4 O r J p ca 69 EH Efl to 6P 6R 69 J � O G N V J m E LO n m m v M n O< U '_ N T n yo 69 O b?O M rO NO co h NN � OrN� O OM � u W p O o p O o O o O o M C')o F- Y t0O N V 107 h ui Op M N(D NM OC,C) M� 0 o O r "i 00 N r M r M r x o �C) y.61) tR61 V 0 r ��N ��N y ulC O O N y M co OD co Q '- d M tir o M Oo Mo {Oy No N No V F s OD.N- W{ � (OD N N W VN' 00 00 Cn0 Z o f0< N V O N 01 p p u> O t o 0 V, O M O O`" �p n �O n O V} fR H3 fR 11 r 61LU r N K N J O� O MM M COtO NZ O WrC,4 p P- MZ Q o Z W 3 N co r r �2 M C � O D N OO OEs 6 O p OJ O p Qz W 2. 11 61 62, 64 6)61 IL rM _ w O D � F- a' S t9 (n n r eta d z w w 0 0 J f9 W -i a z a x x ~ C7 0 v � _ x Z_ W _U' 2 J J I J J Q Q U) J j a a Z z Q w w w a w v w w ? ° O z O cD z z CD Q ¢ z a a V UJ Qa a v a cwi a v a IL -jLL rG 2 , U J J U W O0 J U w J U W OZ J U W D - U W 0 0 U m S Q C1 S W U m x W 0 m s F m 2 Q: W m S K U Z J Z J LL a' J w O J 3' LL W J LL u' J LL 7i IW- LL Q IQ- K O F- F-a' p F IQ- Q:. p Q N K p p IQ- a' p Y F K p O w O w Q O w m F- {- O W w O w O w Fep a Z no z a o Jeanne FoU From: Vincent Cameron Sent: Tuesday, June 29, 2010 10:09 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: Answer to Payables 6/21/10 Snyder 1. Patricia Chambers-No GM signature +what is note about"TOO LATE." An employee asked another employee not to take an action on an account. The employee responded that it was already done. The work that had to be done on the account were accomplished. 2. Kristina Higgins-Needs GM signature. Done. 3. William Marshall -GM signature. Done. 4. Richard Segal -GM signature. Done. 5. ISO-NE -What is"Transitional Payment?" the agreed upon payment for the capacity in the New England market prior to the auction process that will calculate capacity price in the future. O'Neill 1. Reading Police Department- No RMLD signature on one detail sheet, Who signed in officer's line and on RMLD line on last detail sheet-neither match previous signatures of either party. I looked into the signature issue and the officer did sign both slips. Payroll Question O'Neill 1. At about the half-way mark on the calendar year, how does the overtime total amount compare to the last couple of years at the same point? Will we be trying to come in less than last year at year end? Overtime Costs as of 6/27/2008 $433,484 Overtime Costs as of 6/20/2009 $337,956 Overtime Costs as of 6/25/2009 $433,967 "n the 5/24/10 pay period there was about$48k of OFF costs, much of which was directly related to the reconfiguration of the Gaw Sub Station. 6/29/2010 Jeanne FoU From: Vincent Cameron Sent: Tuesday, June 29, 2010 11:17 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: FW:Account Payable Question June 25 Hahn 1. Robert Fournier-Why does Bob need to use a credit card for PO box fee? Why can't this be paid like other invoices? The PO Box fee was needed ASAP because the RMLD did not receive the bill until last week. The RMLD does not have a credit card or petty cash for such purchases. I am looking into a policy for both petty cash and a credit card. 2. MMWEC-Why not wired? The bill was under$50K and the RMLD had enough time to-.send a check. Saves wire charges. 3. General Question=-What caused large outage last Friday in North Reading and Reading? Bad connector on Feeder 4W18,which was also carrying Feeder 4W17. These feeders serve a portion of Reading and N.Reading. The outage lasted twenty minutes (1:30 pm to 1:50 pm): 6/29/2010 Jeanne Fob From: Vincent Cameron Sent: Friday, July 09, 2010 9:03 AM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni; Jeanne Foti Subject: FW:Account Payable Questions -412110 O'Neill 1. Asplundh -We were charged for 2 people, lift+ chipper for 4 hours of overtime on Mon., June 14 but there is no description of work done. Please explain. Asplundh had their truck maintained for five hours on June 14, for which the RMLD was not charged. They then worked on Davis Road, Wilm. from 12 pm to 4 pm. The Asplundh crews work nine hours a day, the ninth hour being overtime. The four hours overtime for this period is for the ninth hour worked each day(Tuesday through Friday). 2. Mal's-What happened to this vehicle? The door on Truck 15 was damaged while pulling out of the garage. 3. NE Restrooms-PO never signed? Why would "pd to date"note indicate $945 has been paid to date when there are 11 stamps at$105 each marked on the PO? The "to date balances"are on an Excel spreadsheet and the total on the sheet needed updating. The $1,155 is correct. 7/9/2010 Jeanne Fob From: Vincent Cameron Sent: Wednesday, July 14, 2010 3:15 PM To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder Cc: Bob Fournier; Lee Ann Fratoni;Jeanne Foti Subject: FW:Account Payable-July 9 Soli 1. Why 5 sheets to sign? Some packages were for FY 2010 and others were for FY 2011 Snyder 1. GM on 35 Green St. Bill? will sign. 2. Refunds-253 Haven +3 Greenbriar don't have negative balances? These are the bills that went out,were paid, and are part of the process to determine the overpayment by the customer. Sometimes final bills are paid but by the time the RMLD receives the payment the RMLD has sent the bill out again as a reminder. The customers may pay the reminder bill and that is when the overpayment process starts. 3. Fischbach +Moore-Why do some time sheets have "scrap"on them. ............: That is to show accounting that the cable pulled out was scrapped(put in dumpster). 4. N. Reading Police Detail 7/2-Bruce.Heerter 7 hours? 7-12+ 1 to 3 pm?+ how can date be 6/30/10 when detail in July? The RMLD booked all activity in the NR Police detail bill in FY 2010(16 hours in late June and 16 hours in early July). 5. Wilmington Police Detail-6/30 Krochune 9-3 is 6 hours. Why is Julie Biodo$80/hour? Is that a typo? If a Police detail works more than four hours then they receive eight hours pay. Officer Biodo worked a detail on July 4th because the RMLD had to replace a cutout on Woburn St. Wilmington. The detail receives double time for holiday pay($40 hour X 2). Jeanne Foti Executive Assistant Reading Municipal Light Department 781-942-6434 Phone 781-942-2409 Fax Please consider the environment before printing this e-mail. r' 7/15/2010