HomeMy WebLinkAbout2011-05-25 RMLD Board of Commissioners Minutes Reading Municipal Light Board of Commissioners
Regular Session
230 Ash Street RECEIVED
Reading,MA 01867 TOWN CLERK
May 25,2011 RE ADI NG, MASS,
Start Time of Regular Session: 7:30 p.m. 2011 JUN 21 P I` 5
End Time of Regular Session: 9:00 P.M.
Attendees:
Commissioners:
Richard Hahn,Chairman Philip B.Pacino,Vice Chair
Gina Snyder,First Secretary Mary Ellen O'Neill,Second Secretary
Robert Soli,Commissioner
Staff:
Vinnie Cameron,General Manager Robert Fournier,Accounting/Business Manager
Paula O'Leary,E&O Operational Assistant Jane Parenteau,Energy Services Manager
Kevin Sullivan,E&O Manager
Citizens'Advisory Board
Arthur Carakatsane,Chairman
Chairman Hahn called the meeting to order and stated that the meeting of the Reading Municipal Light Department(RMLD)Board of
Commissioners 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 was video taped for distribution to the community television stations in North
Reading,Wilmington and Lynnfield.
Opening Remarks/Approval of Meeting Agenda
Chairman Hahn asked the Board members present if there were suggested changes or additions to the agenda.
Ms. ONeill requested that future agendas specify any anticipated items for action by the Board. The motion itself need not be listed,
but if there are any anticipated motions,the topic of those should be listed under the committees or separately if appropriate.
Chairman Hahn asked if it would be where the Board expects to take a vote.
Ms. ONeill responded,"yes,"and explained that if someone wanted to come down and speak on a particular topic,he/she would know
what was being discussed at the meeting.
Chairman Hahn suggested that in the right hand column on the agenda words be added such as"Vote Required".
Discussion followed.
Mr.Pacino suggested the words,"Action Item",and the Board agreed.
Introductions
There were no members of the public present,and the CAB representative,Chairman Arthur Carakatsane,would be late arriving.
Report from Board Committees
Budget Committee—Vice Chair Pacino
Report of May 9 and May 25 Meetings
Mr. Pacino reported that the Budget Committee reviewed the FYI Capital and Operating Budgets as presented on May 9. The CAB
approved those versions of the budgets. The Committee approved both the Capital and Operating Budgets as presented at that meeting
by a vote of 3:0:0.
Mr.Pacino reported that at this evening's Committee meeting two items were considered: 1)The Operating Budget had some changes
listed in an addendum that lowered the Net Income from $4.3 million to $3.9 million, approximately a $430,000 decrease due to
additional costs related to Power Supply, the demolition of the old Control Center, fuel expenses and fuel revenue. Mr. Pacino said
that the Budget Committee reviewed those changes this evening with the General Manager and staff and approved the changes by a
vote of 3:0:0. Mr. Pacino explained that these changes had been presented to members of the CAB and at least four of the members
saw no problems with the addendum,and did not feel a meeting was necessary to discuss the changes. 2)Although the Department is
Regular Session Meeting Minutes 2
May 25,2011
Budget Committee—Vice Chair Pacino
Report of May 9 and May 25 Meetings
still below making its 8% return, it made more revenue than anticipated. The Committee discussion about the excess included
returning it to the customers or putting it in the Pension Reserve, which is severely under funded. If it were to be refunded now,
customers may have to give it back in the future in the form of a rate increase. It doesn't rule out a rate increase,but it would delay the
process. The Budget Committee felt it was prudent to transfer the funds into the Pension Reserve, and recommended that the motion
for the transfer be approved.
Mr. Soli asked about whether the CAB was meeting on the changes.
Mr. Cameron explained that when the CAB recommends the budget, it includes "no significant changes are made without CAB
approval." The CAB was notified by e-mail and asked if they considered these changes significant, and they e-mailed back that they
did not.
Mr. Soli questioned the Open Meeting Law.
Mr. Cameron responded that it was informational only and no discussion took place.
Mr. Pacino made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners approve the FY12 Capital Budget as
presented in the amount of$5,910,048 on the recommendation of the RMLD Board Budget Committee,the RMLD Citizens'Advisory
Board,and the General Manager.
Motion carried 5:0:0.
Mr. Soli questioned why the topic/motion was not on the agenda.
Chairman Hahn stated that the discussion of the budget was on the agenda,but not flagged as a vote.
Mr.Cameron noted that the e-mails from the CAB would be a part of the meeting.
Mr. Pacino made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners approve the FY12 Operating Budget
based on a Net Income Amount of$3,939,043 on the recommendation of the RMLD Board Budget Committee, the RMLD Citizens'
Advisory Board,and the General Manager.
Mr. Soli moved to table the motion until Mr.Carakatsane arrived to hear his input. Mr.Pacino seconded the motion.
Motion carried 4:1:0.(Chairman Hahn voted against this motion.)
Ms.O'Neill asked if this is the format(the Net Income Amount)that the Board usually approves for the budget.
Mr. Cameron stated that it has been used in the past, although last year was done differently, the Board accepted the Operation and
Maintenance section of the budget,but the revenues were not accepted,because a Cost of Service Study(COSS)needed to be done.
Mr.Pacino noted that he would have liked to see the two(budget)motions on the agenda.
Chairman Hahn asked if they could be attached separately, and Mr. Pacino said that was fine. Chairman Hal&s preference was to
attach motions separately or the agenda becomes crowded. He said that motions for bids will continue to be put in the agenda itself,
and motions that can be reasonably anticipated will be attached.
Power&Rate Committee—Chairman Hahn
Report of May 16 Meeting
Chairman Hahn reported the following: 1) A discussion continued from the Power&Rate Committee's April meeting regarding the
possibility of a long term contract with an existing resource in New England, and the Committee decided not to recommend any action
at this time. 2)An Annual Request for Proposals(RFP) for Power Supply was discussed, and a motion was made and approved by a
vote of 3:0:0 to recommend to the full Board that they approve the RFP as presented. 3)New streetlight rates were recommended by
the General Manager. Chairman Hahn pointed out for the most part the rates are lower than the existing rates for most categories of
streetlights, although some old fashioned streetlights cost more. The Committee made a motion to recommend to the full Board that
these new rates be accepted by a vote of 2:1:0 with Mr. Soli voting against this motion. 4) A change to the Commercial C Rate was
discussed at the April 20 Committee meeting,but no action was taken, because it had to go to the CAB. The CAB accepted the
Commercial C Rate at its May 18 meeting,and the Power&Rate Committee voted to recommend the rate change to the full Board by
a vote of 3:0:0.
i\.cguiai OU061Vu iviccLutg ivuuuLc�i 3
May 25,2011
Power&Rate Committee—Chairman Hahn
Report of May 16 Meeting
CAB Chairman,Mr.Carakatsane,arrived at this time during the meeting.
Chairman Hahn told Mr. Carakatsane that there was one item regarding the FY12 Operating budget that was held until he arrived.
Mr. Carakatsane stated that the CAB had met several times on the FY12 budgets and recommended approval of both the Capital and
Operating budgets. He noted that the CAB was apprised of the changes to the Operating Budget and no one requested that a
discussion be re-opened. He added that they also recommended other items,i.e.,rate changes that are before the Board tonight.
Ms. Snyder made a motion seconded by Mr.Pacino that the RMLD Board of Commissioners approve the Annual Request for Proposal
for Power Supply based on the recommendation of the RMLD Board Power & Rate Committee, the RMLD's Citizens' Advisory
Board, and the General Manager to authorize the General Manager to execute one or more Power Supply Agreements in accordance
with the RMLD's Strategic Power Supply Plan for power supply purchases for a period not to exceed 2012 through 2015 and in
amounts not to exceed 22.050 MW in 2012, 16.750 MW in 2013, 17.600 MW in 2014,and 15.925 MW in 2015.
Mr. Pacino amended the original motion with the following changes: strike the word"and",between Committee and the RMLD and
place a comma there. Add in after the Citizens'Advisory Board,"and the General Manager",and delete the words in the last sentence
after 2015.
Ms. Snyder accepted the amended motion.
Motion carried 5:0:0.
Ms. O`Neill mentioned that she still wants the Department to continue to pursue efforts to obtain additional renewable energy power
supply resources.
Chairman Hahn noted that it is still the objective of the Board to find reasonably priced renewable energy.
Ms. Snyder made a motion seconded by Mr. Pacino that the Reading Municipal Light Department Board of Commissioners approve
the adoption of the streetlight rate as proposed based on the recommendation of the RMLD Board Power & Rate Committee, the
RMLD's Citizen's Advisory Board,and the General Manager.
Mr. Soli was concerned that sometime in the future someone may ask what did they really vote on since no real record of what is being
voted on,i.e.,the rates,is in the motion.
Chairman Hahn stated that his recollection is that the filing of the rates speaks for what was done, and asked the General Manager if
the rates have been attached to motions in the past.
Mr.Cameron responded that rates have not been attached in the past,but can be.
Mr. Soli said that a COSS has generally been on the meeting agenda, and the Board has approved the COSS, which is the record of
what the Board voted on.
Ms. O'Neill proposed to amend the main motion to read, "Move that the Reading Municipal Light Department Board of
Commissioners approve the adoption of the revised streetlight rate as shown in attachment A based on the recommendation of the
Power&Rate Committee,the RMLD's Citizens'Advisory Board,and the General Manager.
Mr. Soli handed out a chart,and said that he would say,"Table 1 attached". He said the table shows what the committee voted on,but
that he had a problem squaring the number with Table 2,the operating budget,and came up with an$84,000 disparity.
Chairman Hahn stated that if Mr. Soli's intention is to attach this Table, he could not support that. The only thing voted on was the
rates for each class of streetlight. He added that it is not appropriate to attach this Table to the motion, but if Mr. Soli would like to
bring the table to the Committee for discussion that would be fine.
Mr. Soli wanted to find out about the disparity that appeared to be in the table between budget and expense on the streetlights.
It was noted that there are two components,capital and maintenance per lamp.
Chairman Hahn said that he has the opportunity to bring it to the Committee, and also noted that the table should be reviewed by the
staff and the Committee prior to being presented at a board meeting.
tceguiar session meeting ivimuies
May 25,2011
Power&Rate Committee—Chairman Hahn
Report of May 16 Meeting
Ms. O'Neill clarified that the attachment is the chart that the Power & Rate Committee received that showed the different type of
streetlights and the proposed rates. Mr.Cameron suggested that the FYI l Streetlight COSS be attached.
Chairman Hahn stated that the Power & Rate Committee and the CAB voted to accept the rates that are contained in the FYI
Streetlight COSS,and suggested creating a two-column table to show the lamps that are offered and the rates that will be charged. He
stated that the handout is inappropriate,and he would not attach the entire COSS,because it was the rates that were voted.
Ms.O'Neill asked if there were one chart in the COSS that contained the rates.
Chairman Hahn stated that Table 4 lists the existing rate and the proposed rate, and could be attached to the motion. He asked if the
motion could refer to Table 4.
Ms. O'Neill amended the motion as follows:
Move that the Reading Municipal Light Department Board of Commissioners approve the adoption of the revised streetlight rate
as shown in Table 4 of the April 14, 2011 memorandum from the General Manger to the Board of Commissioners based on the
recommendation of the RMLD Board Power&Rate Committee,the RMLD Citizens'Advisory Board,and the General Manager.
Ms. Snyder accepted the amended motion.
Motion carried 3:2:0.(Messrs.Pacino and Soli voted against this motion.)
Chairman Hahn asked the General Manager to take Mr. Soli's handout,review it,and respond to Mr. Soli's question.
Mr.Cameron stated that the response would go to the entire Board.
Ms. Snyder made a motion seconded by Mr. Pacino that the Reading Municipal Light Department Board of Commissioners approve
the adoption of the Commercial C rate changes based on the recommendation of the RMLD Board Power & Rate Committee, the
RMLD's Citizens'Advisory Board,and the General Manager.
Mr. Soli had the same comment and concerns as the previous motion with no rate(s)being listed in the motion.
Ms. Snyder moved to amend the motion as follows:
Move that the Reading Municipal light Department Board of Commissioners approve the adoption of the Commercial C rate
changes based on the attached RMLD Tariff— MDPU #223 dated to be filed June 1, 2011 and on the recommendation of the
RMLD Board Power&Rate Committee,the RMLD's Citizens'Advisory Board,and the General Manager.
Ms. O'Neill seconded the motion.
Motion carried 3:0:2.(Messrs.Pacino and Soli abstained.)
Mr.Pacino made a motion seconded by Mr. Soli to bring the(FYI 2 Operating Budget)motion(see below)back to the table.
Motion carried 5:0:0.
Mr. Carakatsane stated that the CAB received the changes to the Operating Budget, and no member requested a meeting to reconsider
the budget. He added that if a member were interested in a meeting,one would have been convened.
Move that the RMLD Board of Commissioners approve the FY12 Operating Budget based on a Net Income Amount of
$3,939,043 on the recommendation of the RMLD Board Budget Committee, the RMLD Citizens' Advisory Board, and the
General Manager.
Motion carried 5:0:0.
Approval of April 27,2011 Board Minutes
Ms. Snyder made a motion seconded by Mr. Pacino to approve the Regular Session meeting minutes of April 27, 2011 with the
following changes requested by Mr. Soli: On Page 5, third paragraph from the bottom, after the words "transfer scheme", change the
period to a comma and add"and its design is being improved."
Motion as revised carried 5:0:0.
Pension Trust Transfer
Mr. Cameron reminded the Board a motion was needed for a transfer to the Pension Trust.
Regular Session Meeting Minutes 5
May 25,2011
Pension Trust Transfer
Ms. O'Neil made a motion seconded by Ms. Snyder to approve the transfer of$1 million from the Operating Fund to the Pension Trust
based on the recommendation of the Budget Committee and the General Manger.
Motion carried 5:0:0.
General Manager's Report—Mr.Cameron
E-Billing - The e-billing system went live on May 1, 2011 for both the residential and commercial customers, and any residential
customer who did not fill out an RMLD update sheet and would like to receive an e-bill should contact the RMLD.
Investments—The RMLD has a considerable amount of cash in a MMDT fund that has very low interest, and therefore not working
well for the Department. Mr. Cameron advised the Board that he will be going out for an RFP for investment services. If a
satisfactory investment firm were selected,he would probably recommend that the OPEB fund be invested to try to earn more interest.
He spoke to the Town Manager and met with the Assistant Town Manager, Treasurer, and Mr. Fournier. They interviewed one firm
just to see what they do for other municipal entities.He does have an RFP that he can put together and send out.
Chairman Hahn questioned if this is something that the Department would make a recommendation to the Budget Committee.
Mr. Cameron stated that bids do not go to a committee and the Board.
Chairman Hahn stated that the idea of choosing a different investment strategy, not the RFP itself, is something reasonable to put
before the Budget Committee.
Mr.Cameron said that he had no problem with submitting it to the Budget Committee.
Mr. Soli questioned when the Board went through the paperwork for the OPEB,the Board was very careful about the language saying
that the Town Treasurer had that responsibility not the Board. He wondered how all of this would affect the language that is currently
set up for the OPEB.
Mr. Cameron responded that he didn't know how this would affect that language,and added that the town treasurer would be using this
firm to invest money.
Mr.Pacino asked if the town would have input with the selection of the firm.
Mr. Cameron stated that given that the town treasurer is custodian,they would be part of the selection process.
Mr.Pacino asked if this is going to change the legal ramifications of what they put in that document.
Mr.Cameron suggested speaking to Rubin and Rudman.
Mr.Pacino stated that he would feel comfortable with Rubin and Rudman looking at it.
Chairman Hahn stated that one of the reasons he would want it sent to the Budget Committee is because he thinks it is important to
understand what the liability question is. He said that is why the change in strategy should be discussed further before an RFP is sent
out. The Board should have a better understanding and have some documentation on the pros and cons of doing this and how it affects
the Department. Chairman Hahn will leave it up to the General Manager as to how to best proceed in improving the use of the assets.
Mr. Pacino wished to again stress that if any member of the public has any questions or concerns, the General Manger is available
anytime in his office. Mr.Pacino added that the public may contact the General Manger directly or the Chairman of the Board or even
Mr.Pacino,the senior member of the Board.
Financial Report—April,2011—Mr.Fournier(Attachment 1)
Mr.Fournier reported on the Financial Report for April 2011.
Mr.Fournier reported that the ten-month year to date Net Income is a little over$2.6 million. The year to date budgeted Net Income is
$1.6 million, making the difference $989,000. Mr. Fournier said that the year to date Fuel Revenues exceeded Fuel Expenses by
$338,000. The energy conservation expenses exceeded energy conservation revenues by $129,000. The Gaw soil remediation
expenses total$1.2 million for this fiscal year bringing the total cost combining the two fiscal years to$2.3 million.
Mr. Fournier reported major expenses over budget were the maintenance of line transformers by$634,000, which represents a lot of
the Gaw soil remediation expense, and employee benefits by $325,000. The latter number was due to sick leave buy back payments
made.
Regular Session Meeting Minutes 6
May 25,2011
Financial Report—April,2011—Mr.Fournier(Attachment 1)
The Depreciation Expense and Voluntary Payments to the Towns were on budget. Cumulatively, all five divisions were over budget
by$541,275.
Discussion followed.
Power Supply Report—April,2011—Ms.Parenteau(Attachment 2)
Ms. Parenteau presented the Power Supply Report for April 2011. Ms. Parenteau reported that RMLD's load for April was 53.3
Million kWh, about a half percent increase compared to April 2010. Energy costs were $2.75 million, which is equivalent to $.051
cents per kilowatt hour. RMLD sales totaled approximately 56.3 million kWhs and,as a result,the RMLD overcollected by$229,000
resulting in a Deferred Fuel Cash Reserve balance of$2.66 million.
In April and May,the Fuel Charge Adjustment was set at$.0535 cents per kilowatt hour.
Ms. Parenteau reported that the RMLD purchased approximately 27% of its energy requirement from the ISO Spot Market at an
average cost of$41.20 per kilowatt hour. The RMLD hit a peak of 92.6 MW at noon on April 28,2011 as compared to a peak of 95.6
MW, which occurred on April 7, 2010 at 9:00 P.M. The RMLD's monthly capacity requirement was around 213 MW. The RMLD
paid $1.62 million for capacity, which is equivalent to $7.59 per kW-month. Ms. Parenteau noted that on Table 3, the Stoneybrook
Peaking Plant had an adjustment.
Ms.Parenteau reported that transmission costs for April were$620,000.
Discussion followed.
Engineering and Operations Report—April,2011-Mr.Sullivan(Attachment 3)
Gaw Update
Mr. Sullivan reported on the Engineering and Operations Report for April 2011.
Mr. Sullivan said that the Gaw Project had no changes in the tangible milestones. He added that the running total of the project is
$6.846 million,and the soil remediation expense for this month is$7,600.
Mr. Sullivan listed the following projects worked on during the month: Projects 1,2, 5,36,9, and 11. He added that another project
was completed this month making a total of 9 completed projects.
Mr. Sullivan said that on the service installations that there were two commercial services in Wilmington, one on Ballardvale Street
and one on Main Street. Residential services: there were approximately 25-30 services for the month. In routine construction there
were 31 cutouts replaced making a total of 338 for fiscal year 2011.
Mr. Sullivan reported on the Reliability Report: Customer Average Interruption Duration Index(CAIDI) is up nine minutes due to the
storm on April 1; the System Average Interruption Frequency Index(SAIFI) decreased with 494 April customers affected by outages
as compared to March's 1,877. The Months between Interruptions(MBTI)is up from 22 to 23 months.
Mr. Sullivan provided an update on the reliability statistics numbers that include the April 1 storm: 124 calls, 24 (14 on 4/1) outage
incidents,494 customers affected, no feeder outages,20 area outages, and 4 service outages. Fifteen outages were due to trees,others
were caused by birds,insulators and failed hardware.
Ms. ONeill stated that although she understands the numbers on reconciling the Gaw Project, the numbers do not include the soil
remediation expenses,and to her that is the total project cost and therefore more realistic.
Ms. ONeill asked for an update on the Meter Upgrade Project,and would like one each month. She added that the publicity has been
good on the Project.
Mr. Sullivan responded that the running total of installed meters is about 4,900, averaging about 1,000 per month. He added that the
concentration of installations has presently been in Reading, but does include all four towns, and installation is also being done on
Saturdays.
Mr. Soli questioned Mr. Sullivan on an invoice from the Massachusetts Department of Environmental Protection(MassDEP)regarding
the Gaw Project asking how long these charges would be billed,and Mr. Sullivan responded that there was just this one charge.
Regular Session Meeting Minutes 7
May 25,2011
M.G.L.Chapter 30B Bid
2011-14 Residential and Commercial Energy Audits
Ms. Snyder made a motion seconded by Ms. ONeill to award bid 2011-14 for Tier II Residential Energy Audits to Energy Egghead,
LLC as the only qualified bidder on the recommendation of the General Manager.
Motion carried 5:0:0.
Mr.Cameron explained the bid was sent to many potential bidders,and only one was received. He then went over the costs.
Ms. Snyder asked if the Department is tracking if customers are saving energy after an audit.
Ms.Parenteau stated that it has not been done;however,the Department has the ability to do it.
Ms. Snyder stated that she would like to see that.
Ms.O'Neill had some reservations about awarding the contract to the only one that was received,not knowing why no one else bid.
Ms. Parenteau had spoken to the Purchasing Manager, who did contact several of the potential bidders as did Mr. Carpenter. It
appears to be a staffing issue for some of the organizations, because the RMLD requires that they be certified; others want to provide
more than just an audit. She added that the bid was advertised in the Reading Chronicle. Chairman Hahn noted that the bid was e-
mailed to many companies, and thought that a longer term of two or three years might be more attractive to some. He added that there
is not a lot of margin in this for a company, and since the contract takes effect on July 1; there is no time fora second bid. Mr. Hahn
asked if Egghead is the incumbent firm, and Ms. Parenteau replied that Egghead does provide the current audits. Ms. O'Neill asked if
there had been a previous bid, and Ms. Parenteau responded that it had been bid last year. Ms. Parenteau added that the Customer
Service Manager has received positive feedback from customers regarding the firm. The Department hopes to go out for a longer-term
contract next year. Ms.Parenteau reported that through April 144 audits were completed,and three audits using the blower door.
Mr. Soli asked if all the mums have to provide this service, and Mr. Cameron responded that it is his understanding that they do, and
added that the investor-owned companies must also provide the service.
Discussion followed.
General Discussion
Mr.Carakatsane suggested making the Meter Project and E-billing more prominent on RMLD's web site.
Regarding e-billing,Ms. Snyder stated that she thought she would receive an e-mail after she returned the red card.
Mr.Fournier responded that he would look into it.
Ms. ONeill requested an update on the Green Communities Act in Massachusetts.
BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED
Rate Comparisons,April,2011
E-Mail responses to Account Payable/Payroll Questions
Upcoming Meetings
RMLD Board Meetings
Wednesday,June 22,2011
Executive Session
Not held.
Adjournment
At 9:00 p.m.Mr. Soli made a motion seconded by Mr.Pacino to adjourn the Regular Session.
Motion carried 4:1:0. (Ms. ONeill voted against this motion.)
A true copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
Gina Snyder, Secretary
RMLD Board of Commissioners
ATTACHMENT 1
Dt: May 20, 2011
To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti
Fr: Bob Fournier �
Sj: Financial Report April 30,2011
The results for the ten month period ending April 30, 2011, for the fiscal year
2011 will be summarized in the following paragraphs.
1) Change in Net Assets or Net Income: (Page 3A)
For the month of April, the net income or the positive change in net assets was
$370,526, increasing the year to date net income to $2,607,149. The year to date
budgeted net income was $1,617,515 the difference being $989,634, or 61.18%.
Year to date fuel revenues exceeded fuel expenses by$338,232. Year to date
energy conservation expenses exceeded energy conservation revenues by
$129,427. Year to date GAW soil remediation expenses totalled $1,264,665,
bringing the total cost to date for this project to $2,361,097.
2) Revenues: (Page 11B)
Year to date base revenues were over budget by $4,097,933 or 11.98 %. Actual
base revenues were $38.3 million compared to the budgeted amount of$34.2
million.
3) Expenses: (Page 12A)
*Year to date purchased power base expense was under budget by $12,793 or
.06%. Actual purchased power base costs were $23.1 million compared to the
budgeted amount of$23.1 million.
*Year to date operating and maintenance (O&M) expenses combined were over
budget by $585,040 or 5.89%. Actual O&M expenses were $10.5 million
compared to the budgeted amount of$9.9 million. The major expenses that were
over budget were maintenance of line transformers ($634,022) and employee
benefits ($325,079).
*Depreciation expense and voluntary payments to the Towns were on budget.
4) Cash: (Page 9)
*Operating Fund balance was at $5,639,131.
*Capital Funds balance was at$4,396,630.
*Rate Stabilization Fund balance was at $5,394,423.
*Deferred Fuel Fund balance was at $2,664,344.
*Energy Conservation balance was at$179,455.
5) General Information:
Year to date kwh sales (Page 5) were 4.95%, or 28.3 million kwh ahead of last
year's figure. GAW revenues to date are $460,613
6) Budget Variance:
Cumulatively, the five divisions were over budget by $541,275 or 3.43 %.
FINANCIAL REPORT
APRIL 30, 2011
ISSUE DATE: MAY 19, 2011
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
4/30/11
PREVIOUS YEAR CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH (SCH A P.9) 5,810,528.47 5,642,131.37
RESTRICTED CASH (SCH A P.9) 15,595,772.52 16,316,333.81
RESTRICTED INVESTMENTS (SCH A P.9) 4,400,000.00 2,200,000.00
RECEIVABLES, NET (SCH B P.10) 7,436,121.00 8,545,496.69
PREPAID EXPENSES (SCH B P.10) 1,594,241.51 1,111,552.37
INVENTORY 1,454,998.89 1,580,950.08
TOTAL CURRENT ASSETS 36,291,662.39 35,396,466.32
NONCURRENT
INVESTMENT IN ASSOCIATED CO (SCH C P.2) 97,690.11 85,253.67
CAPITAL ASSETS, NET (SCH C P.2) 65,660,229.99 67,799,172.60,
TOTAL NONCURRENT ASSETS 65,757,920.10 67,884,426.27
TOTAL ASSETS 102,049,582.49 103,280,892.59
LIABILITIES
CURRENT
ACCOUNTS PAYABLE 5,804,150.95 4,646,349.36
CUSTOMER DEPOSITS 493,550.76 515,001.03
CUSTOMER ADVANCES FOR CONSTRUCTION 392,533.09 330,793.90
ACCRUED LIABILITIES 1,259,093.10 1,341,701.19
TOTAL CURRENT LIABILITIES 7,949,327.90 6,833,845.48
NONCURRENT
ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,873,114.33 3,020,032.75
TOTAL NONCURRENT LIABILITIES 2,873,114.33 3,020,032.75
TOTAL LIABILITIES 10,822,442.23 9,853,878.23
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 65,660,229.99 67,799,172.60
RESTRICTED FOR DEPRECIATION FUND (P.9) 5,542,457.61 4,396,630.66
UNRESTRICTED 20,024,452.66 21,231,211.10
TOTAL NET ASSETS (P.3) 91,227,140.26 93,427,014.36
TOTAL LIABILITIES AND NET ASSETS 102,049,582.49 103,280,892.59
(1)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
4/30/11
SCHEDULE C
PREVIOUS YEAR CURRENT YEAR,
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC 36,244.74 23,538.60
NEW ENGLAND HYDRO TRANSMISSION 61,445.37 61,715.07
TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 97,690.11 85,253.67
SCHEDULE OF CAPITAL ASSETS
LAND 1,265,842.23 1,265,842.23
STRUCTURES AND IMPROVEMENTS 7,005,719.88 6,886,943.43
EQUIPMENT AND FURNISHINGS 13,071,518.15 13,481,025.03
INFRASTRUCTURE 44,317,149.73 46,165,861.91
TOTAL UTILITY PLANT 65,660,229.99 67,799,172.60
TOTAL NONCURRENT ASSETS 65,757,920.10 671884,'426.27
(2)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL, LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
4/30/11
MONTH MONTH LAST YEAR CURRENT YEAR YTD
DPERATING REVENUES: (SCH D P.11) LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
BASE REVENUE 3,085,000.90 3,660,111.34 32,643,230.50 38,308,752.41 17.36%
FUEL REVENUE 3,034,544.66 3,010,590.83 36,434,519.31 34,304,616.99 -5.85%
PURCHASED POWER CAPACITY 562,754.55 42,210.28 3,714,946.58 1,261,097.12 -65.52%
FORFEITED DISCOUNTS 76,001.53 80,357.89 728,011.95 862,533.16 18.48%
ENERGY CONSERVATION REVENUE 43,134.77 38,776.10 458,999.20 425,520.44 -7.29%
GAW REVENUE 0.00 56,288.13 0.00 460,613.87 100.00$
PASNY CREDIT (62,656.68) {32,781.99) (451,922.77) (645,295.28) 42.79%
TOTAL OPERATING REVENUES 6,738,779.73 6,855,552.58 73,527,784.77 74,997,840.71 2.00%
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE 2,191,177.03 2,239,347.49 23,028,630.72 23,080,815.94 0.23%
PURCHASED POWER FUEL 2,618,558.77 2,748,671.80 33,697,024.27 33,321,091.62 -1.12%
OPERATING 632,746.60 668,734.55 6,732,203.27 7,148,937.95 6.19%
MAINTENANCE 188,508.89 254,047.37 2,373,297.42 3,363,683.32 41.73%
DEPRECIATION 280,105.78 287,729.05 2,801,057.80 2,877,290.50 2.72%
VOLUNTARY PAYMENTS TO TOWNS 104,500.00 110,000.00 1,044,746.00 1,095,885.00 4.89%
TOTAL OPERATING EXPENSES 6,015,597.07 6,308,530.26 69,676,959.48 70,887,704.33 1.74%
OPERATING INCOME 723,182.66 547,022.32 3,850,625.29 4,110,136.38 .6.73%
T "'?PERATING REVENUES (EXPENSES)
.ONTRIBUTIONS IN AID OF CONST 199,005.23 25.00 760,061.07 47,164.02 -93.79%
RETURN ON INVESTMENT TO READING (182,222.50) (180,990.00) (1,822,225.00) (1,809,900.00) -0.68%
INTEREST INCOME 3,110.01 3,070.12 157,857.05 95,189.56 -39.70%
INTEREST EXPENSE (1,254.96) (1,006.30) (18,305.17) (12,307.63) 32.76%
OTHER (MDSE AND AMORT) 2,392.00 2,405.00 259,190.90 176,867.42 -31.76%
TOTAL NONOPERATING REV (EXP) 21,029.78 (176,496.18) (663,401.15) (1,502,9.86.63) 126.56%
CHANGE IN NET ASSETS 744,212.44 370,526.14 3,187,424.14 2,607,149.75 18.21%
NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 90,819,864.61 3.16%
NET ASSETS AT END OF APRIL 91,227,140.26 93,427,014.36 2.42%
(3)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL, LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
4/30/11
ACTUAL BUDGET
YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE
OPERATING REVENUES: (SCH F P.11B)
BASE REVENUE 38,308,752.41 34,210,619.00 4,097,933.41 11.98%
FUEL REVENUE 34,304,618.99 33,904,179.00 400,439.99 1.18%
PURCHASED POWER CAPACITY 1,281,097.12 4,529,006.00 (3,247,908.88) -71.71%
FORFEITED DISCOUNTS 862,533.16 752,638.00 109,895.16 14.60%
ENERGY CONSERVATION REVENUE 425,520.44 450,130.00 (24,609.56) -5.47%
GAW REVENUE 460,613.87 240,000.00 220,613.87 91.92%
PASNY CREDIT (645,295.28) (500,000.00) (145,295.28) 29.06%
TOTAL OPERATING REVENUES 74,997,840.71 73,586,772.00 1,411,068.-71 1.92%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER BASE 23,080,815.94 23,093,609.00 (12,793.06) -0.06%
PURCHASED POWER FUEL 33,321,091.62 33,983,897.00 (662,805.38) -1.95%
OPERATING 7,148,937.95 7,255,310.00 (106,372.05) -1.47%
MAINTENANCE 3,363,683.32 2,672,271.00 691,412.32 25.87%
DEPRECIATION 2,877,290.50 2,916,670.00 (39,379.50) -1.35%
VOLUNTARY PAYMENTS TO TOWNS 1,095,885.00 1,100,000.00 (4.115.00) -0.37%
TOTAL OPERATING EXPENSES 70,887,704.33 71,021,757.00 (134,052.67) -0.19%
OPERATING INCOME 4,110,136.38 2,565,015.00 1,545,121.38 60.24%
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST 47,164.02 400;000.00 (352,835.98) -88.21%
RETURN ON INVESTMENT TO READING (1,809,900.00) (1,812,500.00) 2,600.00 -0.14%
INTEREST INCOME 95,189.56 375,000.00 (279,810.44) -74.62%
INTEREST EXPENSE (12,307.63) (10,000.00) (2,307.63) 23.08%
OTHER (MDSE AND AMORT) 176,867.42 100,000.00 76,867.42 76.87%
TOTAL NONOPERATING REV (EXP) (1,502,986.63) (947,500.00) (555,486.63) 58.63%
CHANGE IN NET ASSETS 2,607,149.75 1,617,515.00 989,634.75 61.18%
NET ASSETS AT BEGINNING OF YEAR 90,819,864.61 88,039,716.12 2,780,148.49 3.16%
NET ASSETS AT END OF APRIL 93,427,014.36 89,657,231.12 3,769,783.24 4.20%
ACTUAL UNDER BUDGET
(3A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
4/30/11
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/10 4,801,693.77
CONSTRUCTION FUND BALANCE 7/1/10 0.00
INTEREST ON DEPRECIATION FUND FY 11 13,001.94
DEPRECIATION TRANSFER FY 11 2,877,290.50
FORCED ACCOUNTS REIMBURSEMENT 0.00
GAW SUBSTATION FY 11 499,608.00
TOTAL SOURCE OF CAPITAL FUNDS 8,191,594.21
USE OF CAPITAL.F'UNDS:
PAID ADDITIONS TO PLANT THRU APRIL 3,295,355.55
PAID ADDITIONS TO CAW THRU APRIL 499,608.00
TOTAL USE OF CAPITAL FUNDS 3,794,963.55
GENERAL LEDGER CAPITAL FUNDS BALANCE 4/30/11 4,396,630.66
PAID ADDITIONS TO GAW FROM FY'11 499,608.00
PAID ADDITIONS TO GAW FROM FY 10 1,372,876.00
PAID ADDITIONS TO GAW FROM FY 09 3,136,764.00
PAID ADDITIONS TO GAW FROM FY 08 1,895,975.00
TOTAL 6,905.223.00
(4)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF KILOWATT HOURS
4/30/11
MONTH MONTH LAST YEAR CURRENT YEAR YTD
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 19,519,599 19,064,952 209,064,190 223,822,024 7.06%
COMM. AND INDUSTRIAL SALES 31,560,864 34,316,102 336,710,454 349,904,958 3.92%
PRIVATE STREET LIGHTING 71,242 72,762 710)293 720,110 1.38%
TOTAL PRIVATE CONSUMERS 51,151,705 53,453,616 546,484,937 574,447,092 5.12%
MUNICIPAL SALES:
STREET LIGHTING 238,833 239,009 2,374,390 2,388,614 0.60%
MUNICIPAL BUILDINGS 779,788 876,643 8,327,307 8,461,992 1.62%
TOTAL MUNICIPAL CONSUMERS 1,018,621 1,115,652 10,701,697 10,850,606 1.39%
SALES FOR RESALE 230,211 280,673 2,739,164 2,977,455 8.70%
SCHOOL 1,311,344 1,452,876 12,260,805 12,228,694 -0.26%
TOTAL KILOWATT HOURS SOLD 53,711,881 56,303,017 572,186,603 600,503,847 4.95%
(5)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
4/30/11
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 19,064,952 6,445,459 2,363,561 4,611,690 5,644,242
COMM & IND 34,316,102 4,351,760 271,760 5,353,047 24,339,535
PVT ST LIGHTS 72,762 14,081 1,360 20,948 36,373
PUB ST LIGHTS 239,009 80,436 32,437 39,837 .86,299
MUNI BLDGS 876,643 252,423 142,291 164,710 317,219
SALES/RESALE 280,673 260,673 0 0 0
SCHOOL 1,452,876 509,476 301,232 201,880 440,288
TOTAL 56,303,017 11,934,308 3,112,641 10,392,112 30,863,956
YEAR TO DATE
RESIDENTIAL 223,822,024 70,331,320 31,480,187 52,139,409 69,871,108
COMM & IND 349,904,958 43,752,481 2,830,827 53,021,642 250,300,008
PVT ST LIGHTS 720,110 140,048 13,600 211,201 355,261
PUB ST LIGHTS 2,388,614 804,360 324,522 397,330 862,402
MUNI BLDGS 8,461,992 2,303,481 1,444,107 1,685,386 3,029.,018
SALES/RESALE 2,977,455 2,977,455 0 0 0
SCHOOL 12,228,694 4,324,662 2,587,968 1,607,920 3,708,144
TOTAL 600,503,847 124,633,807 38,681,211 109,062,888 328,125,941
LAST YEAR
TO DATE
RESIDENTIAL 209,064,190 65,820,874 29,329,920 48,335,228 65,578,168
COMM & IND 336,710,454 41,837,386 2,725,650 52,992,839 239,154,579
PVT ST LIGHTS 710,293 139,482 13,600 209,564 347,647
PUB ST LIGHTS 2,374,390 788,195 326,248 396,981 860,966
MUNI BLDGS 8,327,307 2,253,088 1,395,256 1,575,359 3,103,604
SALES/RESALE 2,739,164 2,739,164 0 0 0
SCHOOL 12,260,805 4,472,662 2,491,732 1,590,240 3,706,171
TOTAL _ 572,186,603 118,050,851 36,284,406 105,100,211 312,751,135
KILOWATT HOURS SOLD TO TOTAL
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 33.86% 11.45% 4.20% 8.19% 10.02%
COMM & IND 60.95% 7.73% 0.48% 9.51% 43.23%
PVT ST LIGHTS 0.12% 0.03% 0.00% 0.04% 0.06%
PUB ST LIGHTS 0.44% 0.149. 0.06% 0.079. 0.17%
MUNI BLDGS 1.56% 0.45% 0.25% 0.29% 0.56%
SALES/RESALE 0.50% 0.50% 0.00% 0.00% 0.00%
SCHOOL 2.58% 0.90% 0.54% 0.36% 0.78%
TOTAL 100.01% 21.20% 5.97% 18.01% 54.83%
YEAR TO DATE
RESIDENTIAL 37..62% 11.71. 5.24% 8.68% 11.64%
COMM & IND 58.27% 7.29% 0.47% 8.83% 41.68%
PVT ST LIGHTS 0.12% 0.029. 0.00% 0.04% 0.07%
PUB ST LIGHTS 0.40% 0.13% 0.05% 0.07% 0.15%
MUNI BLDGS 1.39% 0.38% 0.24% 0.2B% 0.49%
SALES/RESALE 0.50% 0.50% 0.00% 0.00% 0.00%
SCHOOL 2.04% 0.72% 0.43% 0.27% 0.62%
TOTAL 100.00% 20.75% 6.53% 16.16% 54.64%
LAST YEAR
TO DATE
RESIDENTIAL 36.54% 11.50% 5.13% 8.-45% 11.46%
COMM & IND 58.85% 7.31% 0.48% 9.26% 41.80%
PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06%
PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14%
MUNI BLDGS 1.46% 0.39% 0.24% 0.28% 0.55%
SALES/RESALE 0.48% 0.48% 0.00% 0.00% 0.00%
SCHOOL 2.14% 0.78% 0.44% 0.28% 0.64%
TOTAL 100,00% 20.62% 6.35% 18.38% 54.65%
(6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA INCOME
4/30/11
TOTAL OPERATING REVENUES (P.3) 74,997,840.71
ADD:
POLE RENTAL 99,586.40
CUSTOMER DEPOSIT INTEREST INCOME 1,322.54
LESS:
OPERATING EXPENSES (P.3) (70,867,704.33)
CUSTOMER DEPOSIT INTEREST EXPENSE (12,307.63)
FORMULA INCOME (LOSS) 4,198,737.69
t7)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
GENERAL STATISTICS
4/30/11
MONTH OF MONTH OF % CHANGE YEAR THRU
APR APR 2011 2010 2011 APR APR 2011
SALE OF KWH (P.5) 53,711 861 56,303,017 —3.72% 4.950 572,186,603 600,503,847
KWH PURCHASED 53,132,239 53,431,859 —0.36% 4.120 589,440,219 613,733,632
AVE BASE COST PER KWH 0.041240 0.041910 9.55% —3.74% 0.039069 0.037607
AVE BASE SALE PER KWH 0.057436 0.065007 2.71% 11.520 0.057050 0.063794
AVE COST PER KWH 0.090524 0.093353 —11.56% —4.51% 0.096236 0.091900
AVE SALE PER KWH 0.113933 0.118479 —11.20% 0.16% 0.120725 0.120921
FUEL CHARGE REVENUE (P.3) 2,971,887.98 2,977,808.84 —23.3.9% —6.46% 35,982,596.54 33,659,323.71
LOAD FACTOR 76.15% 79.06%
PEAK LOAD 95,585 92,584
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TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
4/30/11
SCHEDULE A
PREVIOUS YEAR CURRENT YEAR
UNRESTRICTED CASH
CASH - OPERATING FUND 5,807,528.47 5,639,131.37
CASH - PETTY CASH 3,000.00 3,000.00
TOTAL UNRESTRICTED CASH 5,810,528.47 5,642,131.37
RESTRICTED CASH
CASH - DEPRECIATION FUND 5,542,457.61 4,396,630.66
CASH - TOWN PAYMENT 1,146,900.00 1,165,000.00
CASH - DEFERRED FUEL RESERVE 4,024,966.52 2,664,344.18
CASH - RATE STABILIZATION FUND 2,401,832.89 4,394,423.98
CASH - UNCOLLECTIBLE ACCTS RESERVE 28,988.15 200,000.00
CASH - SICK LEAVE BENEFITS 1,405,178.54 2,036,505.05
CASH - INSURANCE RESERVE 35,251.72 0.00
CASH - HAZARD WKSTE RESERVE 150,000.00 150,000.00
CASH - CUSTOMER DEPOSITS 493,550.76 515,001.03
CASH - ENERGY CONSERVATION 366,646.33 179,455.96
CASH - OPEB 0.00 614,972.95
TOTAL RESTRICTED CASH 15,595,772.52 16,316,333.81
RESTRICTED INVESTMENTS
RATE STABILIZATION * 2,900,000.00 1,000,000.00
SICK LEAVE BENEFITS ** 1,500,000.00 1,000,000.00
OPER *** 0.00 200,000.00
TOTAL RESTRICTED INVESTMENTS 4,400,000.00 2,200,A00.00
TOTAL CASH BALANCE 25,806,300.99 24,158,465.18
APR 2010
* FED HOME LOAN MTG CORP 1,400,000.00; DTD 07/02/09; INT 3.25%; MATURITY 07/15/14
* FED HOME LOAN MTG CORP 1,500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13
** FED HOME LOAN MTG CORP 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13
** FED HOME LOAN MTG CORP 500,000.00; DTD 06/01/09; INT 3.70%; MATURITY 06/11/16
** FED NATIONAL MTG ASSN 500,000.00; DTD 05/07/09; INT 3.00%; MATURITY 05/15/15
APR 2011
* FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
** FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
*** FREDDIE MAC 200,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
(9)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
4/30/11
SCHEDULE B
PREVIOUS YEAR CURRENT YEAR
SCHEDULE OF ACCOUNTS RECEIVABLE
RESIDENTIAL AND COMMERCIAL 3,436,793.48 5,003,503.79
ACCOUNTS RECEIVABLE - OTHER 135,182.30 134,235.15
ACCOUNTS RECEIVABLE - LIENS 157,671.62 88,707.99
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 892.14
SALES DISCOUNT LIABILITY (249,022.37) (384,074.89)
RESERVE FOR UNCOLLECTIBLE ACCOUNTS (218,515.77) (352,924.60)
TOTAL ACCOUNTS RECEIVABLE BILLED 3,263,176.42 4,490,339.58
UNBILLED ACCOUNTS RECEIVABLE 4,172,944.58 4,055,159.11
TOTAL ACCOUNTS RECEIVABLE, NET 7,436,121.00 8,545,498.69
SCHEDULE OF PREPAYMENTS
PREPAID-INSURANCE 928,803.27 739,896.45
PREPAYMENT PURCHASED POWER 246,751.78 (1,843.12)
PREPAYM[EN" PASNY 264,212.66 239,666.63
PREPAYMENT WATSON 139,950.10 119,308.71
PURCHASED POWER WORKING CAPITAL 14,523:70 14,523.70
TOTAL PREPAYMENT 1,594,241.51 1,111,552.37
ACCOUNTS RECEIVABLE AGING APRIL 2011:
RESIDENTIAL AND COMMERCIAL 5,003,503.79
LESS: SALES DISCOUNT LIABILITY (384,074.89)
GENERAL LEDGER BALANCE 4,619,428.90
CURRENT 3,852,732.20 83.40%
30 DAYS 324,733.30 7.03%
60 DAYS 149,507.17 3.24%
90 DAYS 99,965.82 2.16%
OVER 90 DAYS 192,490.41 4.17%
TOTAL 4,619,428.90 100.00%
(10)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE
4/30/11
SCHEDULE D
MONTH MONTH LAST YEAR CURRENT YEAR YTD
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 2;437,547.09 2,517,605.48 27,660,265.72 29,638,016.80 7.150
COMM AND INDUSTRIAL SALES 3,353,014.67 3,794,118.09 37,965,329.52 39,540,594.08 4.150
PRIVATE STREET LIGHTING 9,941.80 10,455.65 104,173.65 105,852.50 1.61%
TOTAL PRIVATE CONSUMERS 5,800,503.56 6,322,179.22 65,729,768.89 69,284,463.38 5.410
MUNICIPAL SALES:
STREET LIGHTING 44,686.20 45,837.15 462,763.03 463,671.69 0.20%
MUNICIPAL BUILDINGS 89,593.49 104,941.52 1,010,251.09 1,033,833.51 2.33%
TOTAL MUNICIPAL CONSUMERS 134,279.69 150,778.67 1,473,014.12 1,497,505.20 1.66%
SALES FOR RESALE 27,199.13 34,376.97 344,824.79 368,770.02 6.94%
SCHOOL 157,563.18 163,367.31 1,530,142.01 1,462,632.80 -4.41%
SUB-TOTAL 6,119,545.56 6,670,702.17 69,077,749.81 72,613,371.40 0.10
1 ITED DISCOUNTS 76,001.53 80,357.89 728,011.95 862,533.16 18.48%
PURCHASED POWER CAPACITY 562,754.55 42,210.28 3,714,946.58 1,281,097.12 -65.52%
ENERGY CONSERVATION - RESIDENTIAL 9,765.29 13,342.12 104,586.20 123,990.03 18.55%
ENERGY CONSERVATION - COMMERCIAL, 33,369.48 25,433.98 354,413.00 301,530.41 -14.92%
GAL`' REVENUE 0.00 56,288.13 0.00 460,613.87 100.00%
PASNY CREDIT (62,656.68) (32,781.99) (451,922.77) (645,295.28) 42.79%
TOTAL REVENUE 6,738,779.73 61855,552.56 73,527,784.77 74,997,840.71 2.00%
(11)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOWN
4/30/11
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 2,517,605.48 852,231.87 311,629.83 607,430.50 746,313.28
INDUS/MUNI BLDG 3,899,059.61 537,356.61 49,347.76 626,643.67 2,685,711.57
PUB.ST.LIGHTS 45,837.15 16,026.89 5,568.70 7,578.81 16,662.75
PRV.ST.LIGHTS 10,455.65 1,977.74 195.04 3,139.08 5,143.79
CO-OP RESALE 34,376.97 34,376.97 0.00 0.00 0.00
SCHOOL 163,367.31 57,745.58 33,423.73 22,995.06 49,202.94
TOTAL 6,67.0,702.17 1,499,715.66 400,165.06 1,267,787.12 3,503,034.33
THIS YEAR TO DATE
RESIDENTIAL 29,638,016.80 9,352,132.56 4,137,899.60 6,908,602.26 9,239,382.38
INDUS/MUNI BLDG 40,574,427.59 5,523,436.43 516,723.00 6,337,614.04 28,196,654.12
PUB.ST.LIGHTS 463,671.69 162,257.44 56,501.51 76,465.76 168,446.98
PRV.ST.LIGHTS 105,852.50 19,975.00 1,983.91 32,747.32 51,146.27
CO-OP RESALE 368,770.02 368,770.02 0.00 0.00 0.00
SCHOOL 1,462,632.80 519,394.92 304,463.07 196,630.48 442,144.33
TOTAL 72,613,371.40 15,945,966.37 . 5,017,571.07 13,552,059.87 38,097,774.09
LAST YEAR TO DATE
RESIDENTIAL 27,660,265.72 8,727,589.99 3,866,218.44 6,400,146.06 8,666,311.23
INDUS/MUNI BLDG 38,975,580.61 5,216,625.65 491,813.89 6,262,193.02 27,004,948.05
PUB.ST.LIGHTS 462,763.03 160,393.04 57,185.10 76,747.76 168,437.13
PRV.ST.LIGHTS 104,173.65 20,016.61 1,995.62 32,195.99 49,965.43
CO-OP RESALE 344,824.79 344,824.79 0.00 0.00 0.00
SCHOOL 1,527,142.01 557,066.59 306,513.88 201,266.74 462,292.80
TOTAL 69,074,749.81 15,026,516.67 4,723,726.93 12,972,549.57 36,351,954.64
PERCENTAGE OF OPERATING INCOME TO'TOTAL
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 37.74% 12.78% 4.67% 9.11% 11.18%
INDUS/MUNI BLDG 58.45% 8.06% 0.74% 9.39% 40.26%
PUB.ST.LIGHTS 0.680 0.24% 0.08% 0.11% 0.25%
PRV.ST.LIGHTS 0.16% 0.03% 0.00% 0.05% 0.08%
CO-OP RESALE 0.52% 0.52% 0.00% 0.00% 0.00%
SCHOOL 2.45% 0.87% 0.50% 0.34% 0.74%
TOTAL 100.00% 22.500 5.99% 19.00% 52.51%
THIS YEAR TO DATE
RESIDENTIAL 40.81% 12.88% 5.70% 9.51% 12.72%
INDUS/MUNI BLDG 55.88% 7.61% 0.71% 8.73% 38.83%
PUB.ST.LIGHTS 0.64% 0.22% 0.08% 0.11% 0.23%
PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07%
CO-OP RESALE 0.51% 0.51% 0.00% .0.00% 0.00%
SCHOOL 2.01% 0.72% 0.42% 0.27% 0.60%
TOTAL 100.00% 21.97% 6.91% 18.67% 52.45%
LAST YEAR TO DATE
RESIDENTIAL 40.04% 12.63% 5.60% 9.27% 12.54%
INDUS/MUNI BLDG 56.42% 7.55% 0.71% 9.07% 39.09%
PUB.ST.LIGHTS 0.67% 0.23% 0.08% 0.11% 0.25%
PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07%
CO-OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00%`,.
SCHOOL 2.22% 0.81% 0.44% 0.30% 0.67%
TOTAL, 100.00% 21.75% 6.83% 18.60% 52.62%
(11A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
4/30/11
SCHEDULE F
ACTUAL BUDGET
SALES OF ELECTRICITY: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
RESIDENTIAL 16,910,915.46 14,948,815.00 1,962,100.46 13.130
COMM AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING 20,112,698.75 17,890,738.00 2,221,960.75 12.42%
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING 326,686.61 448,136.00 (121,449.39) -27.100
SALES FOR RESALE 199,990.94 210,477.00 (10,486.06) -4.98%
SCHOOL 758,460.65 _ 712.653.00 45,807.65 6.43%
TOTAL BASE SALES 38,308,752.41 34,210,819.00 4,097,933.41 11.98%
TOTAL FUEL SALES 34,304,618.99 33,904,179.00 400,439.99 1.18%
TOTAL OPERATING REVENUE 72,613,371.40 68,114,998.00 4,498,373.40 6.60%
FORFEITED DISCOUNTS 862,533.16 752,638.00 109,895.16 14.60%
PURCHASED POWER CAPACITY 1,281,097.12 4,529,006.00 (3,247,908.88) 71.71%
ENERGY CONSERVATION - RESIDENTIAL 123,990.03 98,632.00 25,358.03 25.71%
ENERGY CONSERVATION - COMMERCIAL 301,530.41 351,498.00 (49,967.59) -14.22%
GAT^' REVENUE 460,613.87 240,000.00 220,613.87 91.92%
PASNY CREDIT (645,295.28) (500,000.00) (145,295.28) 29.06%
TOTAL OPERATING REVENUES 74,997,840.71 73,586,772.00 1,411,068.71 1.92%
* ( ) = ACTUAL UNDER BUDGET
(11B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
4/30/11
SCHEDULE E
MONTH MONTH LAST YEAR CURRENT YEAR YTD $
OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
PURCHASED POWER BASE EXPENSE 2,191,177.03 2,239,347.49 23,028,630.72 23,080,815.94 0.23%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP 31,799.31 39,652.68 341,308.98 378,617.58 10.93%
STATION SUP LABOR AND MISC 8,401.13 10,643.58 66,730.24 91,828.21 37.61%
LINE MISC LABOR AND EXPENSE .77,424.44 45,469.11 553,278.47 528,855.84 -4.41%
STATION LABOR AND EXPENSE 36,070.72 40,941.40 385,539.71 376,036.63 -2.460
STREET LIGHTING EXPENSE 7,135.87 8,474.31 .45,244.98 78,265.12 72.98%
METER EXPENSE 25,711.08 26,959.83 323,398.76 266,335.96 -17.64%
MISC DISTRIBUTION EXPENSE 24,660.00 29,808.84 268,050.52 273,533.47 2.05%
METER READING LABOR & EXPENSE 5,092.88 4,885.34 59,415.93 59,913.72 0.84%
ACCT & COLL LABOR & EXPENSE 101,267.29 116,022.92 1,118,468.77 1,.066,382.19 -4.66%
UNCOLLECTIBLE ACCOUNTS 12,500.00 15,000.00 125,492.92 150,000.00 19.53%
ENERGY AUDIT EXPENSE 30,693.39 32,516.99 381,259.47 317,393.33 -16.75%
ADMIN & GEN SALARIES 53,724.26 67,046.89 637,649.94 585,867.31 -8.12%
OFFICE SUPPLIES & EXPENSE 26,192.35 20,545.08 224.,803.84 223,144.00 -0.74$
OUTSIDE SERVICES 15,799.62 28,184.47 224,547.65 197,940.65 -11.85%
PROPERTY INSURANCE 30,646.58 31,705.39 313,229.61 311,182.88 -0.65%
INJURIES AND DAMAGES 4,432.42 4,265.93 47,843.69 37,762.39 -21.07%
EMPLOYEES PENSIONS & BENEFITS 98,968.45 96,791.56 1,040,544.11 1,341,509.98 28.92%
MISC GENERAL EXPENSE 8,445.30 7,530.19 129,807.54 139,428.83 7.41%
RENT EXPENSE 14,591.56 15,660.04 162,520.87 169,992.92 4.60%
ENERGY CONSERVATION 19,189.95 26,630.00 283,067.27 554,946.94 96.05%
TOTAL OPERATION EXPENSES 632,746.60 668,734.55 6,732,203.27 7,148 937.95 6 19%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT 227.08 227.08 2,270.82 2,270.84 0.00'.
MAINT OF STRUCT AND EQUIPMT 13,769.07 12,896.37 83,917.24 136,541.41 62.71%
MAINT OF LINES - OH 85,228.19 135,625.47 978,398.36 1,144,913.31 17.02%
MINT OF LINES - UG 20,590.88 20,354.86 151,483.76 127,660.68 -15.73%
MRINT OF LINE TRANSFORMERS ** 15,651.22 7,802.45 664,088.11 1,316,942.64 98.31%
MAINT OF 'ST LT & SIG SYSTEM 37.82 12.20 (68.56) (129.07) 88.26%
MAINT OF GARAGE AND STOCKROOM 45,641.25 54,924.84 414,775.13 522,845.71 26.06%
MAINT OF METERS 0.00 8,425.07 531.31 21,664.86 3.977.63%
MAINT OF GEN PLANT 7,363.38 13,779.03 77,901.25 90,972.94 16.78%
TOTAL MAINTENANCE EXPENSES 188,508.89 254,047.37 2,373,297.42 3,363,683.32 41.73%
DEPRECIATION EXPENSE 280,105.78 287,729.05 2,801,057.80 2,877,290.50 2.72%
PURCHASED POWER FUEL EXPENSE 2,618,556.77 2,748,671.80 33,697,024.27 33,321,091..62 -1.12%
VOLUNTARY PAYMENTS TO TOWNS 104,500.00 110,000.00 1,044,746.00 1,095,885.00 4.89%
TOTAL OPERATING EXPENSES 6,015,597.07 6,308,530.26 69,676,959.48 70,887,704.33 1.74%
** FY 11 YTD total includes GAW soil remediation expenses totalling $1,264,665.38
Total costs to date for entire project is $2,361,097.18
(12)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
4/30/11
SCHEDULE G
ACTUAL BUDGET
OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
PURCHASED POWER BASE EXPENSE 23,080,815.94 23 093 609.00 (12,793.06) -0.06%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP 378,617.58 366,701.00 11,916.58 3.25%
STATION SUP LABOR AND MISC 91,828.21 70,102.00 21,726.21 30.99%
LINE MISC LABOR AND EXPENSE 528,855.84 451,703.00 77,152.84 17.08%
STATION LABOR AND EXPENSE 376,036.63 353,803.00 22,233.63 6.28%
STREET LIGHTING EXPENSE 78,265.12 55,364.00 22,901.12 41.36%
METER EXPENSE 266,335.96 399,949.00 (133,613.04) -33.41%
MISC DISTRIBUTION.EXPENSE 273,533.47 266,735.00 (13,201.53) -4.60%
METER READING LABOR & EXPENSE 59,913.72 53,414.00 6,499.72 12.17%
ACCT & COLL LABOR & EXPENSE 1,066,382.19 1,161,798.00 (95,415.81) -8.21%
UNCOLLECTIBLE ACCOUNTS 150,000.00 150,000.00 0.00 0.00%
ENERGY AUDIT EXPENSE 317,393.33 402,409.00 (85,015.67)
ADMIN & GEN SALARIES ) -21.13%
585,867.31 641,367.00 (55,499.69) -8.65%
OFFICE SUPPLIES & EXPENSE 223,144.00 231,890.00 (8,746.00) -3.77%
OUTSIDE SERVICES 197,940.65 255,940.00 (57,999.35) -22.66%
PROPERTY INSURANCE 311,162.88 399,030.00 (87,847.12) -22.02%
INJURIES AND DAMAGES 37,762.39 54,080.00 (16,317.61) 30.17%
EMPLOYEES PENSIONS & BENEFITS 1,341,509.98 1,016,430.00 325,079.98 31.96%
MISC GENERAL EXPENSE 139,428.63 191,372.00 (51,943.17) -27.14%
RENT EXPENSE 169,992.92 176,670.00 (6,677.08) -3.78%
ENERGY CONSERVATION 554,946.94 536,553.00 18,393.94 3.43%
TOTAL OPERATION EXPENSES _ 7,148,937.95 _ 7,255,310.00 (106,372.05) 1.47%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT 2,270.84 2,500.00 (229.16) -9.17%
MAINT OF STRUCT AND EQUIPMENT 136,541.41 155,362.00 (18,820.59) -12.11%
MAINT OF LINES - OH 1,144,913.31 975,638.00 169,275.31 17.35%
MAINT OF LINES - UG 127,660.68 156,471.00 (30,610.32) -19.44%
MAINT OF LINE TRANSFORMERS ** 1,316,942.64 682,920.00 634,022.64 92.84
MAINT OF ST IT & SIG SYSTEM (129.07) 7,353.00 (7,482.07) -101.76%
MAINT OF GARAGE AND STOCKROOM 522,845.71 576,821.00 (53,975.29) -9.36%
MAINT OF METERS 21,664.86 3,206.00 18,458.86 575.76%
MAINT OF GEN PLANT 90,972.94 110,000.00 (19,027.06) -17.30%
TOTAL MAINTENANCE EXPENSES 3.,363,683.32 2,672,271.00 691,412.32 25.87%
DEPRECIATION EXPENSE 2,677,290.50 2,916,670.00 (39,379.50) -1.35%
PURCHASED POWER FUEL EXPENSE 33.,321;091.62 33,983,897.00 (662,805.38) 1.95%
VOLUNTARY PAYMENTS TO TOWNS 1,095,885.00 i,100,000.00 (4,115.00) -0.37%
TOTAL OPERATING EXPENSES 70,887,704.33 71,021,757.00 (134,052.67) -0.19%
* ( ) = ACTUAL UNDER BUDGET
** FY 11 YTD total includes GAW soil remediation expenses totalling $1,264,665.38
Total costs to date for entire project is $2,361,097.18
(12A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
4/30/11
RESPONSIBLE REMAINING
SENIOR 2011 ACTUAL BUDGET REMAINING
OPERATION EXPENSES: *+MuuJGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET %
PURCHASED POWER BASE EXPENSE JP 27,711,574.00 23,080,815.94 4,630,758.06 16.710
OPERATION SUPER AND ENGIN-TRANS KS 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP KS 441,828.00 378,617.58 63,210.42 14.31%
STATION SUP LABOR AND MISC KS 85,205.00 91,828.21 (6,623.21) -7.77%
LINE MISC LABOR AND EXPENSE KS 520,806.00 528,855.84 (8,049.84) -1.55%
STATION LABOR AND EXPENSE KS 426,438.00 376,036.63 50,401.37 11.82%
STREET LIGHTING EXPENSE KS 66,694.00 78,265.12 (11,571.12) -17.35%
METER EXPENSE DA 482,771.00 266,335.96 216,435.04 44.830
MISC DISTRIBUTION EXPENSE JD 347,115.00 273,533.47 73,581.53 21.20%
METER READING LABOR & EXPENSE DA 64,358.00 59,913.72 4,444.28 6.91%
ACCT & COLL LABOR & EXPENSE RF 1,397,984.00 1,066,382.19 331,601.81 23.72%
UNCOLLECTIBLE ACCOUNTS RF 180,000.00 150,000.00 30,000.00 16.670
ENERGY AUDIT EXPENSE JP 494,776.00 317,393.33 177,382.67 35.85%
ADMIN & GEN SALARIES VC 776,849.00 585,867.31 190,981.69 24.58%
OFFICE SUPPLIES & EXPENSE" VC 278,100.00 223,144.00 54,956.00 19.76%
OUTSIDE SERVICES VC 293,500.00 197,940.65 95,559.35 32.56%
PROPERTY INSURANCE JD 478,900.00 311,182.88 167,717.12 35.02%
INJURIES AND DAMAGES JD 64,805.00 37,762.39 27,042.61 41.73%
EMPLOYEES PENSIONS & BENEFITS JD 1,188;607.00 1,341,509.98 (152,902.98) -12.86%
MISC GENERAL EXPENSE VC 212,096.00 139,428.83 72,667.17 34.26%
RENT EXPENSE JD" 212,000.00 169,992.92 42,007.08 19.81%
ENERGY CONSERVATION JP 643,730.00 554,946.94 88,783.06 13.79%
TOTAL OPERATION EXPENSES 8,656,562.00 7,148,937. 1,507,624.05 17.42%
MAINTENANCE EXPENSES:
MAXNT OF TRANSMISSION PLANT KS 3,000.00 2,270.84 729.16 24.31%
MAINT OF STRUCT ,AND EQUIPMT KS 187,404.00 136,541.41 50,862.59 27.14%
MAINT OF LINES - OH KS 1,199,735.00 1,144,913.31 54,821.69 4.57%
MAINT OF LINES - UG KS 190,258.00 127,660.68 62,597.32 32.90%
MAINT OF LIM TRANSFORMERS ** KS 693,500.00 1,316,942.64 (623,442.64) -89.90%
MAINT OF ST IT & SIG SYSTEM JD 8,857.00 (129.07) 8,986.07 101.46%
MAINT OF GARAGE AND STOCKROOM JD 676,532.00 522,845.71 153,686.29 22.72%
BO INT OF METERS DA 3,875.00 21,664.86 (17,789.86) -459.09%
MAINT OF GEN PLANT RF 132,000.00 90,972.94 41,027.06 31.08%
TOTAL MAINTENANCE EXPENSES 3,095,161.00 3,363,683.32 (268,522.32) -8.68%
DEPRECIATION EXPENSE RF 3,500,000.00 2,877,290.50 622,709.50 17.79%
PURCHASED POWER FUEL EXPENSE JP 39,512,664.00 33,321,091.62 6,191,572.38 15.67%
VOLUNTARY PAYMENTS TO TOWNS RF 1,320,000.00 1,095,885.00 224,115.00 16.98%
TOTAL, OPERATING EXPENSES 83,795,961.00 70,887 70A.33 12,908,256.67 15.40%
** FY 11 YTD total includes GAW soil remediation expenses totalling $1,264,665.38
Total costs to date for entire project is $2,361,097.18
(12B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
4/30/2011
PROFESSIONAL SERVICES BY. PROJECT
ITEM DEPARTMENT ACTUAL BUDGET VARIANCE
1 RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 31,750.00 36,000.00 (4,250.00)
2 PENSION ACTUARIAL EVALUATION ACCOUNTING 6,000.00 1,000.00 5,000.00
3 LEGAL- FERC/ISO ISSUES ENERGY SERVICE 0.00 15,000.00 (15,000.00)
4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 38,561.91 40,000.00 (1,438.09)
5 PROFESSIONAL SERVICES ENERGY SERVICE 0.00 25,000.00 (25,000.00)
6 NERC COMPLIANCE E & O 7,912.50 6,250.00 1,662.50
7 ENGINEERING STUDIES ENGINEERING 0.00 15,000.00 (15,000.00)
8 LEGAL SERVICES- GENERAL GM 103,390.81 41,670.00 61,720.81
9 LEGAL SERVICES- ARBITRATION HR 3,481.90 16,000.00 (12,516.10)
10 LEGAL GENERAL HR 2,663.18 35,000.00 (32,336.82)
11 LEGAL GENERAL BLDG. MAINT. 0.00 1,250.00 (1,250.00)
12 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 4,170.00 (4,170,00)
13 ENVIRONMENTAL BLDG. MAINT. 1,472.00 4,170.00 (2,698.00)
14 ENGINEERING SERVICES BLDG. MAINT. 0.00 7,100.00 (7,100.00)
15 INSURANCE CONSULTANT GEN. BENEFIT 2,708.35 8,330.00 (5,621.65)
TOTAL 197,940.65 255,940.00 (57,999.35)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
MELANSON HEATH & COMPANY PC 56,798.03
RUBIN AND RUDMAN 97,308.88
DUNCAN AND ALLEN 18,445.81
WILLIAM F CROWLEY ATTORNEY 650.00
CHOATE HAIL AND STEWART 5,945.08
UTILITY SERVICES INC. 7,912.50
AMERICAN ARBITRATION ASSOCIATION 200.00
COVINO ENVIRONMENTAL ASSOCIATES 1,472.00
ROMARXE INSURANCE 2,708.35
FIG LEAF SOFTWARE INC 500.00
STONE CONSULTING INC. 6,000.00
TOTAL 197,940.65
(13)
5/19/2011 RMLD
2:58 PM BUDGET VARIANCE REPORT
FOR PERIOD ENDING APRIL 30, 2011
DIVISIONS AND DEPARTMENTS ACTUAL BUDGET VARIANCE CHANGE
ENGINEERING AND OPERA'T'IONS:
E&0 MGR 168,449 168,854 (405) -0.24%
ENGINEERING 379,367 382,528 (3,161) -0.63%
LINE 1,882,002 1,651,236 230,766 13.98%
METER READING 59,914 53,416 6,497 12.16%
METER TECHNICIANS 267,081 400,158 (133,077) -33.26%
STATION OP 467,865 423,905 43,960 10.37%
STATION TECHS 1,475,149 841,909 633,239 75.21%
DIVISION TOTAL 4,699,627 3922 007 777,820 19.83%
ENERGY SERVICES DIVISION TOTAL 910,839 1,019,368 (108,529) -10.65%
GENERAL MANAGER:
GENERAL MANAGER 350,561 303,715 46,845 15.42%
HUMAN RESOURCES 97,969 174,579 (76,610) -43.88%
COMMUNITY RELATIONS 126,376 154,520 (28,144) -18.21%
CAB 4,186 12,465 (8,278) -66.41%
BOARD 3,664 7,250 (3,586) -49.46%
DIVISION TOTAL 582,757 652,529 (69,772) -10.69%
FACILITY MANAGER:
GENERAL BENEFITS 1,919,503 1,736,807 162,696 10.52%
BUILDING MAINTENANCE 524,392 593,510 (69,117) -11.65%
MATERIALS MANAGEMENT 273,545 267,987 (14,442) -5.01%
DIVISION TOTAL 2,717,440 2616303 99,138 3.79%
BUSINESS DIVISION:
ACCOUNTING 605,416 645,924 (40,508) -6.27%
CUSTOMER SERVICE 503,929 551,146 (47,217) -8.57%
MIS 462,714 486,226 (23,512) -4.84%
MISCELLANEOUS DEDUCTIONS 5,825,083 5,871,227 (46,144) -0.79%
DIVISION TOTAL 7,397,142 7,554,524 (157,381) -2.08%
DIVISION TOTALS 16,308,005 15,766,731 541,275 3.43%
PURCHASED POWER - BASE 23,080,816 23,093,609 (12,793) -0.06%
PURCHASED POWER - FUEL 33,321,092 33,983,897 (662,805) -1.95%
TOTAL 72,709,913 72,844 ,237 (134,324) -0.18%
RMLD
DEFERRED FUEL CASH RESERVE ANALYSIS
4/30/11
GROSS MONTHLY TOTAL
DATE CHARGES REVENUES PASNY CREDIT DEFERRED DEFERRED
Jun-10 2,326,112.09
Jul-10 4,555,108.56 3,536,618.90 (98,501.74) (1,116,991.40) 1,209,120.69
Aug-10 4,151,871.47 3,658,721.48 (49,929.96) (543,079.95) 666,040.74
Sep-10 3,437,081.39 4,007,231.89 (52,662.99) 517,487.51 1,183,528.25
Oct-10 2,586,224.15 3,632,858.99 (62,298.35) 984,336.49 2,167,864.74
Nov-10 2,717,341.26 3,468,972.22 (32,335.11) 719,295.85 2,887,160.59
Dec-10 3,582,794.01 3,213,832.76 (71,724.91) (440,686.16) 2,446,474.43
Jan-11 3,620,814.67 3,629,698.16 (59,937.36) (51,053.87) 2,395,420.56
Feb-11 2,983,759.61 3,153,393.61 (92,678.30) 76,955.70 2,472,376.26
Mar-11 2,937,424.70 2,992,700.15 (92,444.57) (37,169.12) 2,435,207.14
Apr-11 2,748,671.80 3,010,590.83 (32,781.99) 229,137.04 .2,664,344.18
RMLD
STAFFING REPORT
FOR FISCAL YEAR. ENDING JUNE, 2011
ACTUAL
11 BUD JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
TOTAL 10 10 10 10 10 10 11 11 11 11
GENERAL MANAGER 2 2 2 2 2 2 2 2 2 2 2
HUMAN RESOURCES 1.5 1 1 1 1 1 1 1 1 1 1
COMMUNITY RELATIONS 7 .5 1 1 1 1 1 1 1 1 1 1
TOTAL 5 4 4 4 4 4 4 4 4 4 4
BUS2DTE,S.S
ACCOUNTING 2 2 2 2 2 2 2 2 2 2 2
CUSTOMER SERVICE 9 8 g g 8 8 g 8 7 7 7
MGMT INFORMATION SYS 6 6 6 6 6 6 6 6 6 6 6
MISCELLANEOUS 7 1 1 I 1 1 7 1 1 1
TOTAL 18 17 17 17 17 17 17 17 19 16 16
T'TTGTTTT+'FR TTTG f� 11pT."RhTTf1TTs
AGM E&O 2 2 2 2 2 2 2 2 2 2 2
ENGINEERING 5 5 5 5 5 5 5 5 5 5 5
LINE 20 19 19 19 19 19 19 19 20 20 20
METER 6 6 6 6 6 6 6 6 6 5 5
STATION 9 9 9 q 9 9 9 q q 8 8
TOTAL 42 41 41 41 41 41 41 41 42 40 40
PStOW1EC,T
BUILDING 2 2 2 2 2 2 2 2 2 2 2
GENERAL BENEFITS 2 2 2 2 2 2 2 2 2 2 2
TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0
MATERIALS MGMT 4 4 4 4 4 4 4 4 4 4 4
TOTAL 8 8 8 8 S 8 8 8 8 8 8
ENERGY SEPVICES
ENERGY SERVICES 6 6 5 5 5 5 5 5 5
TOTAL 6 6 5 5 5 5 5 5 5 5
RMLD TOTAL 79 76 75 75 75 75 75 75 75 73 73
UG LINE 2 2 2 2
TOTAL 2 2 2 2 2 2 2 2 2 2
GRAND TOTAL 81 78 77 77 77 77 77 77 77 75 75
ATTACHMENT 2
To: Vincent Cameron
From: Energy Services
Date: May 19, 2011
Subject: Purchase Power Summary —April 2011
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of April, 2011.
ENERGY
The RMLD's total metered load for the month was 53,367,877 kWh, which was an
increase of.58 % compared to April, 2010 figures.
Table 1 is a breakdown by source of the energy purchases.
TABLE 1
%of
Amount of Cost of Total Total$ $as a
Resource Energy Energy Energy Costs %
(kWh) ($/Mwh)
Millstone#3 3,602,285 $5.54 6.74% $19,955 0.73%
Seabrook 0 $0.00 0.00% $0 0.00%
JP Morgan 2,936,400 $51.90 5.50% $152,399 5.55%
Stonybrook CC 2,301,779 $54.38 4.31% $125,161 4.56%
Constellation 7,200,000 $61.77 13.48% $444,727 16.19%
NYPA 1,910,788 $4.92 3.58% $9,401 0.34%
ISO interchange 14,488,683 $41.20 27.12% $596,991 21.73%
NEMA Congestion 0 $0.00 0.00% -$47,655 -1.73%
Coop Resales 68,728 $131.79 0.13% $9,058 0.33%
Stonybrook Peaking 42,155 $171.49 0,08% $7,229 0.26%
MacQuarie 18,255,600 $65.04 34.17% $1,187,266 43.21%
Braintree Watson Unit 1353,002 $75.66 0.66% $26,710 0.97%
Swift River Projects 2,272,439 $95.27 4.25% $216,486 7.88%
Monthly
Total 53,431,859 $51.44 100.00% $2,747,726 100.00%
Table 2
Amount Cost % of Total
Resource of Energy of Energy Energy
(kWh) ($/Mwh)
ISO DA LMP* 16,404,951 43.78 30.70%
Settlement
RT Net Energy'' -1,916,268 63.24 -3.59%
Settlement
ISO interchange 14,488,683 41.20 27.12%
(subtotal)
Table 2 breaks down the ISO.interchange between the DA LMP Settlement and the
RT Net Energy for month of April, 2011.
CAPACITY
The RMLD hit a demand of 92,584 kWs,which occurred on April 28, 2011 at noon.
The RMLD's monthly UCAP requirement for April, 2011 was 212,960 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 $62.10 $309,939 19.17%
Seabrook 7,902 $37.89 $299,403 18.52%
Stonybrook Peaking 24,981 $11.71 $292,435 18.09%
Stonybrook CC 42,925 $3.25 $139,336 8.62%'
NYPA 0 $2.96 $11,896 0.74%
HQICC 6,570 $4.10 $26,953 1.67%
ISO-NE Supply Auction 115,071 $3.70 $425,721 26.33%
Braintree Watson Unit 10,520 $10.55 $111,022 6.87%
Total 212,960 $7.59 $1,616,704 100.00%
*ISO DA LMP: Independent System Operator Day-Ahead Locational Marginal Price
**RT Net Energy: Real-Time Net Energy
Table 4
Resource Energy Capacity Total cost %of Total Cost
Millstone#3 $19,955 $309,939 $329,893 7.56%
Seabrook $0 $299,403 $299,403 6.86%
Stonybrook CC $125,161 $139,336 $264,497 6.06%
HQICC $0 $26,953 $26,953 0.62%
Constellation $444,727 $0 $444,727 10.19%
NYPA $9,401 $11,896 $21,297 0.49%
ISO Interchange $596,991 $425,721 $1,022,711 23.43%
NEMA Congestion -$471655 $0 -$47,655 -1.09%
Coop Resales $9,058 $0 $9,058 0.21%
Stonybrook Peaking $7,229 $292,435 $299,664 6.87%
JP Morgan $152,399 $0 $152,399 3.49%
MacQuarie $1,187,266 $0 $1,187,266 27.20%
Braintree Watson Unit $26,710 $111,022 $137,732 3.16%
Swift River Projects $216,486 $0 $216,486 4.96%
Monthly Total $2,747,726 $1,616,704 $4,364,430 100.00%
TRANSMISSION
The RMLD's total transmission.costs for the month of April, 2011 are $620,461. This is
a decrease of 7.35%from the March 2011 cost of$669,697. In 2010,the transmission
costs for the month of April, 2010 were$583,311.
Table 5
Current Month Last Month Last Year
Peak Demand(kW) 92,584 102,790 95,585
Energy(kWh) 53,431,859 58,516,206 53,132,239
Energy($) $2,748,672 $2,937,425 $2,618,559
Capacity($) $1,616,704 $1,517,821 $1,604,581
Transmission($) $620,461 $669,697 $583,311
Total $4,985,837
$5,124,942 $4,806,451
Table 5 shows the current month vs. last month and last year(April, 2010).
ATTACHMENT 3
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5/19/2011 READING MUNICIPAL LIGHT DEPARTMENT
12:53 PM FY 11 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING APRIL 30,2011
ACTUAL YTD ACTUAL ANNUAL
COST COST BUDGET
# PROJECT DESCRIPTION TOWN APRIL THRU 4/30/11 AMOUNT VARIANCE
E&O Construction-System Proiects
1 4W14 Reconductoring-West Street W 2,531 81,494 234,470 152,976
2 4W14 Extension-Woburn Street W 18,529 18,529 157,958 139,429
`* 3 Station#4 Getaway 4W17 Replacements(FYI 0 Budget) R 157,877 169,928 12,051
** 4 Boutwell Street W 96,215 125,955 29,740
5 Chestnut Street W 39,023 103,657 171,933 68,276
** 6 Haverhill Street-Reconductoring(FYI 0 Budget) R 102,575 100,534 (2,041)
** 7 URD Completions-Perkins Farm-Lynnfield NR, L 45,068 72,484 27,416
and Chestnut Village,North Reading(FY10 Budget)
** 8 Salem St.to Glen Rd.13kV Feeder Tie(FYI 0 Budget) W 11,531 11,334 (197)
** 22 Wilmington-Main Street(FY10 Budget) W 30,834 34,975 4,141
33 4W4 Reconductoring(formerly Project 3) W 103,315 103,315
36 3W8 Salem Street&Baystate Road(formerly Project 6) R 32,471 162,557 207,439 44,882
** 37 Elm Street(Formerly Project 7) NR 155,262 132,011 (23,251)
Station Uparades
Station#4
** 38 11 5k Insulator Replacement (formerly Project 8) R 68,058 144,323 76,265
9 11 5k Disconnect Replacement R 7,016 7,016 87,975 80,959
11 Transformer Replacement
Part 1 -Contractual Labor R 340,235 545,500 205,265
Part 2-Procured Equipment R 7,162 30,000 22,838
Part 3-RMLD Labor R 2,523 104,584 64,324 (40,260)
Part 4-Feeder Re-Assignment R 47,627 236,034 188,407
Station#5
** 23 1 5k Circuit Breaker Replacement(Carryover FYI Bud) W 125,552 158,731 33,179
New Customer Service Connections
12 Service Installations-Commercial/Industrial Customers ALL 16,447 66,279 55,055 (11,224)
13 Service Installations O/H&U/G-Residential Customers ALL -14,477 163,986 200,345 36,359
14 Routine Construction
Various Routine Construction ALL 59,345 964,050 982,565 18,515
Total Construction Projects 192,362 2,860,147 4,027,188 1,167,040
Other Proiects
15 GIS 12,125 20,000 7,875
16 Transformers/Capacitors Annual Purchases 7,184 273,136 190,167 (82,969)
17 Meter Annual Purchases 7,575 246,314 765,875 519,561
18 Purchase Two New Small Vehicles 45,107 45,107 64,000 18,893
19 Replace Line Department Vehicles 349,279 349,279 360,000 10,721
20 Purchase Pole Trailer 15,000 15,000
21 Upgrade Lighting Stockroom and Meter Room 3,798 22,400 18,602
24 Enlarge Parking Area and Construct Island 10,775 10,775
27 Hardware Upgrades 1,410 33,700 32,290
28 Software and Licensing 3,648 96,476 92,828
Total Other Projects 409,145 934,817 1,578,393 643,576
TOTAL RMLD CAPITAL PROJECT EXPENDITURES 601,507 3,794,964 5,605,581 1,810,617
29 Force Account/Reimbursable Projects ALL - - - -
TOTAL FYI1 CAPITAL PROJECT EXPENDITURES 601,507 3,794,964 5,605,581 1,810,617
** completed projects
Reading Municipal Light Department
Engineering and Operations
Monthly Report
April, 2011
FY 2011 Capital Plan
E&O Construction — System Projects
1. 4W14 Reconductoring —West Street—Wilmington Set up manhole for splicing.
Rack cables into place and installed splice onto new 4W14.
2. 4W14 Extension —Woburn Street- Wilmington — Frame and transfer poles; install
gang operated switch and down ground; make taps
3. Station#4 Getaway 4W17 Replacements — Reading (FYI 0 Budget)— Project
complete
4. Boutwell Street-Wilmington — Project complete.
5. Chestnut Street—Wilmington Clipped in and sagged cable; installed spacer cable
and spacers, framed poles; installed guys; spliced cable; installed 336 cable;pole
transfers; engineering labor; installed taps; installed stress cone.
6. Haverhill Street— Reading — Reconductoring - (FY10 Budget) — Project complete.
7. URD Completions — Project complete.
8. Salem Street to Glen Road 13 kV Feeder Tie Wilmington —(FYI 0 Budget)—
Project complete.
22. Wilmington - Main Street (FY 10 Budget) — Project complete.
33. 4W4 Reconductoring —Wilmington - No activity.
36. 3W8 Salem & Bay State Road — Reading — Transferred primary and secondaries;
installed transformers, installed spacer cable; framed,pole transfers; installed gang
operated switch; engineering labor.
37. Elm Street- North Reading — Project complete.
Substation Upgrade Projects
38. 115kV Insulator Replacement— Station 4— Reading — Project complete.
9. 11 5k Disconnect Replacement— Station 4— Reading - Changed out disconnect
switches; RMLD Linemen and Sr. Tech labor
1
11. Transformer Replacement Station 4— Reading
Part 1 — Contractual Labor—
Part 2 — Procured Equipment—
Part 3 — RMLD Labor— Senior Tech labor
Part 4 — Feeder Re-Assignment—
23. 15kV Circuit Breaker Replacement— Project complete.
New Customer Service Connections
12. Service Installations — Commercial/Industrial Customers—This item includes new
service connections, upgrades, and service replacements for the commercial and
industrial customers. This represents the time and materials associated with the
replacement of an existing or installation of a new overhead service, the connection of
an underground service, etc. This does not include the time and materials associated
with pole replacements/installations, transformer replacement/installations, primary or
secondary cable replacement/installations etc. This portion of the project comes under
routine construction. NOTE: New Commercial/Industrial customers this month
included 269 Ballardvale Street, Wilmington and 910 Main Street, Wilmington.
13. Service Installations — Residential Customers—This item includes new or upgraded
overhead and underground services, temporary overhead services, and large
underground development.
14. Routine Construction —The drivers of the Routine Construction budget category
YTD are listed. This is not an inclusive list of all items within this category.
Pole Setting/Transfers $177,346
Maintenance Overhead/Underground $299,621
Pro'ects Assigned as Required $33,683
Pole Damage (includes knockdowns) some reimbursable $39,558
Station Group $9,709
Hazmat/Oil Spills $0
Porcelain Cutout Replacement Program $24,039
Lighting Street Light Connections $35,776
Storm Trouble $9,957
Underground Subdivisions $50,193
Miscellaneous Capital Costs $284,169
TOTAL $964,050
*In the month of April, two cutouts were charged under this program. Approximately
29 cutouts were installed new or replaced because of damage making a total of 31
cutouts replaced this month.
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.
CAID1 = Total of Customer Interruption Duration for the Month in Minutes/Total
number of customers interrupted.
RMLD 12 month system average outage duration —44.80 minutes
RMLD 4 year average outage (2006-2009) — 50.98 minutes per outage
On average, RMLD customers that experience an outage are restored in 44.80 minutes.
80.00
w 70.66
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--♦—Monthly minutes per outage
--- RMLD 12 month system average outage duration 44.80
RMLD 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 - .52 outages per year
RMLD 4 year average outage frequency - .82
The graph below tracks the month-by-month SAIFI performance.
1.20 1.1.2 1.13
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---�—RMLD monthly outage frequency
--- RMLD 12 month system average outage frequency.52
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 23
months.
4
D LD T T COD Reading Municipal Light Department
j� RELIABLE POWER FOR GENERATIONS
230 Ash Street
P.O.Box 150
Reading,MA 01867-0250
Tel:(781)944-1340
Fax:(781)942-2409
Web:www.rmld.com
May 18, 2011
Town of Reading Municipal Light Board
Subject: Tier II Residential Energy Audits
On March 29, 2o11 a bid invitation was placed in the Reading Chronicle requesting bids for Tier II Residential
Energy Audits for the Reading Municipal Light Department.
An invitation to bid was emailed to the following:
HomeWorks Energy Total Green Energy Solution
Nexamp, Inc Analytics,LLC
The Energy Hound JSR Adaptive Energy Solutions
Certified Energy Ratings,Inc Bone Builders
Infrared Diagnostic,LLC Eco Horne Services
New England Home Energy Audits Reelaimed.Energy Inc.
Energy Efficiency.Associates Advanced Building Analytics,LLC
Energy Egghead,LLC Atlas Glenmor
Next Step Living Inc Boston Energy Retrofit,LLC
Joe Green Home Solutions Azimuth Home Energy Ratings
A bid was received from Energy Egghead, LLC.
The bid was publicly opened and read aloud at ll:oo am on May 4, 2011 in the Town of Reading Municipal
Light Department's Board Room,23o Ash Street,Reading,Massachusetts.
The bid was reviewed,analyzed and evaluated by the General Manager and staff.
Move that bid 2011-14 for Tier II Residential Energy Audits be awarded to: Energy Egghead,LLC
as the only qualified bidder on the recommendation of the General Manager.
The FY12 Budget for residential energy audits is $36,000. All financial numbers could fluctuate based on the
number of audits requested by customers. The numbers were estimated based on the history of audits and the
h e gro requests.,;
1
r
ineent F. amero. Jr.
J Parenteau
Jared Carpenter
File:Bid/FY12-14/Tier II Residential Audits/2011-14
List of Certified
Time in Previous All forms Check or Bid Authorized
Energy Egghead, LLC Unit Price Business Proiects filled out Bond signature
Level 1 Audit $22,350.00 4 years yes yes N/A yes
Level 2 Audit $5,070.00
Level 3 Audit $3,980.00
$31,400.00
Definitions of services:
Level i Audit: 15o estimated audits, $149.00 each. Base Audit that provide evaluation and analysis of the
potential energy efficiency measures for the particular building being audited to include an overview of the
insulation effectiveness in the homes walls and ceilings. The auditor will inspect thermostats, ventilation
systems, air infiltration(doors,windows, outlets, etc.),attic,bedrooms,bathrooms, common space,basement,
etc. Provide reports to customer and RMLD to include recommendations, potential savings, and return on
investment.
Level 2 Audit: 3o estimated audits, $169.00 each. Include all requirements of the Base Audit and include a
blower door test.
Level 3 Audit: 20,estimated audits, $199.00 each. Base Audit plus blower door test plus full combustion zone
analysis.
File:Bid/FY12-14/Tier II Residential Audits/2011-14
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Jeanne Fob
From: Vincent Cameron
Sent: Monday, May 16,2011 9:58 AM
To: Richard Hahn; Phil Pacino; Gina Snyder; MaryEllen O'Neill; Bob Soli
Cc: Bob Fournier; Jane Parenteau; Jared Carpenter; Lee Ann Fratoni; Jeanne Foti
Subject: Answer to Payables 5/16/11
O'Neill
1. Howard Industries- No signature on PO.
Done.
2. Sustainable Life Solutions-Why,not order a bunch at once to have on hand -lots of paperwork for
multiple orders of less than ten.
The RMLD does not have these on hand. When the strips are purchased by an RMLD customer; the
rebate to the customer(s) is billed to the RMLD and we pay Sustainable Life Solutions.
3. When will the new Petty Cash Policy be implemented?
It is in place.
5/16/2011
Jeanne FoU
From: Vincent Cameron
Sent: Friday, May 13, 2011 10:42.AM
To: Richard Hahn; Phil Pacino; Gina Snyder; Mary Ellen O'Neill; Bob Soli
Cc: Bob Fournier; Lee Ann Fratoni; Kevin Sullivan; Jeanne Foti
Subject: Answer to Payable Questions 5/9/11
Snyder
1. Duncan and Allen -What is the RMLD's involvement in the shale gas issue?
During the APPA Legislative conference Duncan and Allen set up a meeting with FERC Commissioner
Cheryl LaFleur. Duncan and Allen attended the meeting and the development of the shale gas market
was discussed.
2. RMLD Employee- If there was lodging, why so many miles?
The employee stayed in Smithfield and commuted to the Line School classroom in Pascoag and also
drove to pole yard,which is several miles from the classroom.
3. Tomes Chronicle-Was notice required of rate restructuring?
Yes. According to Chapter 164, Section 58.
4. Rubin Rudman-What is the background on TOSCA deed restriction, I thought site was cleaned up.
and give en the ok?
The Gaw substation will have a deed restriction placed on it as the site could not be cleaned to a level of
below 1 ppm. The paragraph below has been taken from the RAMC/RAO report prepared for MADEP by
CJW on behalf of the RMLD in March 2011.
The cleanup level for bulk PCB remediation waste (e.g., soil) is less than or equal to 25
ppm (parts per million) unless otherwise specified in 40 CFR 761.61(a)(4)(i)(B). In this
case where PCB concentrations remain at levels less than or equal to 25 ppm but
greater than 1 ppm, an institutional control[T e., deed restriction, 40 CFR 761.61(a)(8)J
is to be implemented;
5/13/2011
Jeanne FoU
From: Vincent Cameron
Sent: Monday, May 02, 2011 1:17 PM
To: Richard Hahn; Phil Pacino; Gina Snyder; Mary Ellen O'Neill; Bob Soli
Cc: Bob Fournier; Lee Ann Fratoni; Joe Donahoe; Beth Ellen Antonio; Jeanne Foti
Subject: Account Payable Questions -5/2/11
Snyder
1. Lights were on in the hallways.
I am looking into the lighting scheme in the building.
Soli
1. Wilmington HS -$20 donation - I thought we stopped doing donations?
The RMLD will have a booth at the Wilmington HS Career Fair. The Fair organizers requested a donation
to participate. The RMLD will have informational and educational materials to hand out at the Fair,
therefore, I consider the.payment fitting within the RMLD Policy 1 -Community Relations.
5/2/2011
Jeanne Fob
From: Vincent Cameron
Sent: Tuesday, April 26, 2011 3:16 PM
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 4/25/11
Hahn
1. Gustafson -What is this for?
This is for the bike being used for a generating project with North Reading school kids. On the invoice it
states "for energy generating bike project with NR students."
Snyder
1. 1 recall you were going to check on what the 800#is for. Looks like no usage.
The 800 839 7909 number is being discontinued. There is another 800 number that employees use to
access voice mail that will still be in effect.
2. Gatehouse-Why 2 subscriptions to the Advocate?
Different departments within the RMLD look at all newspapers in the service territory that is'why we order
more than one subscription.
3. Office Depot-Computer question of a sensitive nature.
Please call me on this and I will discuss it with you.
4/27/2011