Our Light bills should Be “LIGHTER”
On July 1, MMWEC made the final payments required to retire
the bonds issued for its Nuclear Mix No. 1 Power Supply Project, which
represents a 19.6-megawatt ownership interest in Millstone Unit 3 and a
2-megawatt ownership interest in Seabrook Station. Via Nuclear Mix No. 1 and
four other power supply projects, MMWEC owns 4.8% of Millstone Unit 3 and
11.59% of Seabrook Station. A total of $167.1 million in MMWEC debt associated
with these other power supply projects remains outstanding but is scheduled for
retirement by 2019, at which point all of MMWEC’s power supply projects will be
debt-free.
In the case of Nuclear Mix No. 1, there will be no debt
service expenses after July 1 for the 25 participating municipal utilities,
which are based in the communities of Ashburnham, Boylston, Danvers,
Georgetown, Groton, Hingham, Holden, Holyoke, Hudson, Hull, Ipswich, Littleton,
Mansfield, Marblehead, Middleborough, Middleton, North Attleborough, Paxton,
Peabody, Reading, Shrewsbury, Templeton, Wakefield, West Boylston and
Westfield. MMWEC is a non-profit, public corporation and political subdivision
of the Commonwealth of Massachusetts created by an Act of the General Assembly
in 1975 and authorized to issue debt to finance a wide range of energy facilities.
MMWEC provides a variety of power supply, financial, risk management and other
services to the state’s consumer-owned, municipal utilities.
With many
factors increasing the inflow of money to TMLWP a town owned department. One
would think the reason we have been charged extra for the Nuke plant
investments is it would pay off. My bill has not changed to reflect the better
solar deals,nuke plant debt reductions or the work / other income the
department has in their accounts. WHY? Does the money go somewhere they should
have put it long ago. Have they underfunded liabilities we spoke of years ago?
Looking at pg. 47 2014 town report... facts put in are odd.
MMWEC peaking
project reports Templeton kilowatt-hours use @=55,441 Cost
85,805.00=rate of 154.77cents ISO interchange market was 6.60
cents.
It’s no wonder why the Princeton light dept. purchases no
power from MMWEC.
They can get a better deal from another source.
Would the answer YES be a surprise to you?
Demand lower Electric bills as the cost gets reduced , so
should our bills.
AND SO THEY WILL RAISE RATES TO COVER THIS EXPENSE AS WELL. NO,ACTUALLY,LONG TERM PPAs HAVE SAVED ELECTRIC RATEPAYERS MONEY,AND TMLWP WILL LOWER RATES WHEN THE NUCLEAR DEBT IS PAID OFF.
ReplyDeleteNOW DANA HOW DID THAT WORK OUT FOR THE RATEPAYERS.
NOW DANA WHY ARE THERE NO REPORTS OF COSTS INVOLVED FOR THE 2014 REPORT.
I GUESS NOW WHEN THE SMOKE HAS CLEARED THINGS LOOK JUST AS WE SAID THEY WERE!
3.00 per customer x 12 months=36.00 x 3600 customers = income 130k
2.00 per customer x 12 months=24.00 x 3600 customers = income 87k this sound better to me or less would be a reduction of rates like you said.