HomeMy WebLinkAboutLight Comm 02/10/2026Mansfield Municipal Electric Department rC %RE'CE VET
Minutes of Light Commissioners Meeting 1E1 C1.F1'
February 10, 2026 1616 w hIS OFFICE
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Present: Maureen R. Doherty, Chair, Kostas Loukos, Vice Chair, Michael Feck, Clerh,. e dap 3: 29
Roche, Commissioner, and Walter Wilk, Commissioner. f/ Z,S � 1 D
Also Present: Joe Sollecito, General Manager -Mansfield Electric, Joe Pereira, Business S/'rTS
Finance Manger -Mansfield Electric, and Mayhew Seavey- PLM
1) Call to Order Municipal Electric Commission meeting - Pledge of Allegiance.
The meeting was called to order at 6:01 pm by Maureen Doherty, Chairperson.
2) Review and consideration to approve minutes from November 17, 2025 Light
Commissioners meeting.
Motion: To approve meeting minutes of November 17, 2025 (Feck/Roche) 5-0
3) General Manager's Report
a. Review December 2025 Financials.
Joe Sollecito, General Manager turned the presentation over to Joe Pereira,
Business and Finance Manager for a review of the December financial statements.
Mr. Pereira summarized, through six months, net income remains positive at
approximately $1.3 million, largely due to stabilization funds from prior over -
collections. The stabilization fund has been reduced from $2.6 million to
approximately $466,000. Cash position increased to $13.1 million due to expense
timing. Energy sales for December were up 2.4%, driven by unusually cold
weather. Depreciation funds remain well -funded at approximately $4.1 million.
b. Review Estimated Purchase Power Adjustment effective March 01, 2026 with
Mayhew Seavey, PLM and consideration to approve.
Consultant Mayhew Seavey reported that December purchase power costs were
significantly higher than budgeted due to extreme cold weather and sharply
increased spot market prices. Anticipating continued impacts through January and
February. Mr. Sollecito recommended a temporary two -cent Purchase Power Cost
Adjustment effective March 1, 2026, to stabilize finances through the end of the
fiscal year.
Motion: To approve Increase Purchase Power Adjustment by two center effective
March 01, 2026 (Feck/Roche) 5-0
c. Review J. Pereira memo regarding Customer Billing Cycle Consolidation
Feasibility Review.
Mr. Pereira discussed a preliminary review of billing cycle efficiencies, including
the possibility of consolidating billing cycles from seven per month to four. The
goal is to improve operational efficiency and better align billing with business
processes. Mr. Sollecito noted potential customer impacts during a transition
month and indicated that any proposed changes would be brought back to the
Commission at a future meeting with recommendations and, if necessary, a
temporary policy for consideration.
d. Discussion of potential Artificial Intelligence (AI) data centers.
Mr. Sollecito discussed the potential impacts and opportunities associated with
data centers locating in Mansfield. Topics included system capacity, infrastructure
requirements, rate design, carbon -free energy goals, zoning considerations, and
financial safeguards to protect existing ratepayers. Consultant Mayhew Seavey
emphasized that any such project would require careful, case -by -case evaluation
and negotiation to ensure economic and operational benefits to the Town. No
formal proposals were before the Commission, and no action was taken.
4) Citizens Questions & Comments
None
5) Commissioners Questions & Comments
None.
6) Any items not anticipated by the Chair 48 hours prior to this meeting
None.
7) Adjourn
Motion: To adjourn at 6:31 pm. (Feck/Roche) 5-0
Respectfully submitted by Nancy Griffin
Signature of Clerk Date