The Board meets on the first and third Monday of each month. Meetings begin at 1:00 p.m. and are held in the department conference room at 65 Lafayette Ave, Littleton. Board meetings are open to the public and time is allotted for public comments at each meeting.
The regularly scheduled Board of Commissioners (BOC) meeting began at 1:00 p.m. on Monday, October 15, 2018 in the Littleton Water and Light (LWL) conference room. Present were Commissioner Ralph Ross, Commissioner Peter Cooper, Commissioner Schuyler Sweet, Financial Director Cheryl Wilkins, and Superintendent Thomas Considine.
The minutes of the October 1, 2018 regularly scheduled Commissioners meeting were reviewed. Commissioner Sweet made a motion to accept the minutes as presented, seconded by Commissioner Cooper.
The vote was in favor of the motion 3-0-0.
At the request of the LWL BOC, Mr. David Doskocil, representative of NextEra Energy presented everyone with a power point slide packet and proceeded with a brief introduction of NextEra Energy. He stated that NextEra Energy, Inc. is a Fortune 200 corporation with two (2) principal subsidiaries, Florida Power and Light and NextEra Energy Resources. NextEra is a stable company with an A- and Baa1 credit worthiness rating as determined by Fitch and Moody’s respectively. They are an investor grade company that is traded on the Standard and Poors 500 stock market and was named to the Forbes “America’s Best Employers” list for the past three (3) years. They can provide LWL with a variety of market resources ranging from battery storage to an all requirements type contract.
Mr. Doskocil proceeded to discuss three (3) programs that he feels may be of interest to the LWL going forward: 1) Load Following Energy, 2) Managed Load and 3) Full Requirements. Mr. Doskocil discussed the merits of each program and presented examples of how each program functioned and how he thought they might apply to LWL operations.
Mr. Doskocil then proposed that LWL take a second look at the Blend and Extend energy and capacity offer that was submitted several weeks ago and stated that he could have the terms revised as it may save LWL $100,000 a year. He will have the terms of the previous offer changed to reflect the concerns that the BOC raised and feels strongly that NextEra can successfully accommodate those concerns.
The BOC agreed and stated that they would reconsider providing that their concerns are addressed. NextEra should provide Superintendent Considine with the new rates and contract terms for LWL review.
Mr. Doskocil thanked the BOC for their time and consideration and exited the meeting at about 2:00 p.m.
FINANCIAL DIRECTORS REPORT:
Mrs. Wilkins reviewed the highlights of the financial statements for the month ended August 2018 with the Commissioners. Several variances as compared to budget were discussed and explained by Mrs. Wilkins.
Mr. Considine reviewed the results of the August 2018 rate increase with the BOC. It was noted that the rate design is performing as anticipated and the margins are within the projection design goal.
SUPERINTENDENT/ GENERAL MANAGERS REPORT:
1. Mr. Considine briefed the BOC with regard to LWL participation with the river district project. The water works are complete with the exception of a service shut off to the tannery building. This is not a critical need but would be nice to relocate the valve away from the proposed permaculture vegetative growth as future maintenance purposes will most likely be restricted. The street lighting circuits are being installed; some additional work/ assistance from LWL will be needed before project completion.
2. Mr. Eli ImMasche, an electrical engineer from ESC Engineering, will be paying LWL a site visit on Wednesday, October 17th for a couple of hours in the morning. The pending system electrical planning study and several site visits are planned.
3. LWL personnel will be working on the street lighting circuit in the vicinity of Jiffy Mart on Main Street in an attempt to troubleshoot the underground (UG) street lighting circuit. During a prolonged rain event the UG circuit becomes saturated and opens the breaker which causes several lights on the west end of Main Street to go out. LWL proposes to replace a section of UG conductor that may have been damaged when the Hidden Brook washout caused a sink hole in the Jiffy Mart parking lot. If that does not correct the issue then additional investigation will be required to select another section for replacement.
Commissioner Sweet made a motion to adjourn the meeting, seconded by
The vote was in favor of the motion 3-0-0.
Meeting adjourned at 2:24 p.m.
The regularly scheduled Commissioner’s meeting is held twice monthly on the first and third Monday, at 1:00 p.m., in the Department’s conference room.