HomeMy WebLinkAboutLight Comm. 08/16/2021RECEIVED
CLERKS OFWftde Commission Meeting Minutes
August 16, 2021
eft �EP 23 A 156
Present: Fra a ecchio, Chair; Jess Aptowitz, Vice -Chair; Neil Rhein, Clerk; Michael Trowbridge,
Commissioner anojq#"FSftfih&veld, Commissioner, Joseph Sollecito, General Manager were also
present in Hall.
Guests: Annika Nilsson Ripps and Justin Humphreys of TEA ARCHITECTS attended remotely via GOTO
Meeting
1. Call To Order Select Board Meeting -Pledge of Allegiance
Chair DelVecchio called the meeting to order at S:OOPM. He then asked those present to state the
Pledge of Allegiance. He reminded everyone that the meeting was being broadcast live and taped for
future broadcast on Mansfield Cable.
2. Citizen Comments
None.
3. Review and approve Board Minutes of July 19, 2021
Commissioner Trowbridge questioned 2n1 page, 511 paragraph:... New England has paid,
should say New England is depending . Vice -Chair Aptowitz motioned to edit motion to
include that change. Commissioner Schoonveld abstained because he wasn't in.
Motion: To approve Board Minutes of July 19, 2021 with changes
(Aptowitz/Trowbridge/Schoonveld) Vote 4:0:0
4. General Manager's Report
• Review bid results for Equipment Storage Building and potential
vote
Annika Nilsson & Justin Humphreys presented details on the bid
results and discussed cost escalation as compared to anticipated
budget. Several reasons were discussed including the costs for
environmental cleanup and the timing of this project resulted in
limited responses. It was determined that the project should be
shelved for now, but reviewed again with the potential to reissue
bid proposal at the beginning of 2022.
• Review financials (June 2021)
Net Income: through the month of June is $1.76 million compared
to prior year June net income of $1.83 million.
Primary drivers is increase in transmission expense, discount and
lower bobbins and sales revenue.
Generation charge: accounts payable: money owed t electric
customer from MMED in the form of a Generation Chare payable is
currently $445K vs $154K in 2020.
Cash Position: MMED's operating cash position as of June 2021 is
Electric Commission Meeting Minutes
August 16, 2021
$16.6 million vs $16.7 in 2020.
Energy Sales: Energy kWh sales for the month of June was up 13.0%
compared to last year and the year -to -days sales through Fiscal
Year June 2021 is 4.4% higher compared to the same period
through 2020.
Depreciation Fund: MMED's Depreciation Fund balance is $3.092
million. This level is set to fund MMED's capital program.
S. Performance Review of General Manager
All five commissioners reviewed Joe Sollecito —GM on sixteen (16) different categories. All
very favorable.
6. Comments from the Commissioners
Chair DelVecchio will have Joe sign evaluation and gets to Human Resources. They will have
an executive session at the next meeting scheduled to discuss compensation.
7. Any items not anticipated by the Chair 48 hours priorto this meeting
8. Adjournment
Motion: To adjourn the meeting of the Mansfield Light Commission at 6:58 pm
(DelVecchio/Schoonveld)Vote 5:0
Respectfully submitted by Larry Wells
Si ature of Clerk
ate of Approval
Electric Commission Meeting Minutes
August 16, 2021