So with the roads not getting much better and falling apart as fast as we rebuild the way we do it may be time to think out of the box. The light plant owned by the Town of Templeton and their commission has said on record they would like to pay for road projects rather than see the town through the pilot money away. There's been ample time for it and nothing has been done. No pilot money and still high rates.When asked to pay higher taxes to fix roads the voters said no. No to south road ,no to hubbardston, No to barre and others as well. We can have all new roads and have a better electric rate to go with them. Sell the out of control broken wind turbine company we can do without. Can't afford and are being used by people who could care less about our town or the rate payers.Sell Sell Sell fix the roads and cut the cords to the pirate company we don't need. All the reserve money they have hidden away will be plenty to bring the roads in our town up to par and then some .If they won't pay their share and play games with our money time to flush them and let the sewer plant have them.Let their boys at the paper mill big business get the power like all the others do from the grid lines and pay for it. Why should we have to pay a higher rate to keep their rates lower. Volume is what the rates get higher for when we use it to much so why not the higher user pay for it.
We have a department that needs to be changed and liquidated to get Templeton back on it feet. Do the light people know what the balances are or if it's funds are where they are told they are?Your guess is as good as anyone.Lets ask Matt Angle former accountant if he ever found out where it was.
Owe he quit too.
Well funny thing he was one who talked the talk and didn't!
Time for some full Light dept.financials to be on display for all to see.
Year end and statements should be forthcoming soon.
Lets see where "we" stand with our business and what "we're" worth
Paul working for you.
Friday, January 1, 2016
Shedding Some Light...
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Light company General Manager James S. Robinson said the reduction is partly because of lower fossil fuel costs, but mainly from the retiring of debt owed for the building of the Seabrook nuclear power plant.
ReplyDelete"We're finally paying it off," he said.
The same should be true in Templeton. Why NOT?
Are we being taken to the cleaners and rates being kept higher then needed.
We were told the rates would be reduced when the debt was paid off like in Holden.
We should have the cheapest power rates and it's not. We have paid a higher rate from the day we bought in on the nukes back in the 1970s. Told then we would have stable rates and it was the reason to take the chance on nuclear. Well the chance is greater and the amount is not what you think it is. Templeton is on the hook if a disaster hits one of theses 5 nuke plants were partner with.
How much is a nuke cleanup cost? No answer there.
Ask Japan!
Can we pay the cost for it. When we all chip in and bail out MMWEC in the case of a disaster maybe. How much will it cost us as a town or ratepayers to chip in for a cleanup?
Ask Japan!
Templeton is on the hook!
As Templeton light has paid off the same debt the only thing we see is the rates stay the same. We could say we told you so. As the handout at the town meeting said and so they will raise your rates. Have you looked at the rates? With the cheaper solar and debt paid off one would need to wonder what they are doing with the extra piles of money. Raises,Trucks,SUVs,How about a new heating system for the old building their in.What should Templeton light dept.do to be able to get the costs under some kind of control? Mr. Robinson said paying off the Seabrook debt should mean significant decreases in costs for the Holden utility in 2016 and 2017. He said he is not ready to suggest the possibility of future rate decreases, but this coming year ratepayers will benefit. To start with as we were told time and time again at the commission meetings the rates we pay are mostly nuclear and will pay off both now and later when the debt is paid off. Every year we have some paid off but the rates have stayed the same? What do they do with the extra money? As the last paragraph shows above the net income for Holden has has a true manager behind it.Templeton light is being run as a for profit dept for it's own profit. No posting of financials are a way to keep things quiet. It would be nice to see the pilot payment Holden does for their town. I'll bet it's not something the town has to fight for,like Templeton used to.
ReplyDeleteAs Princeton pays the highest rates just think about the wind turbine we have and they have two sister of ours. When will it turn and produce a profit. Do our bill reflect the poor decision to purchase it and now we will loose all the cheaper nuclear power after the debt has been paid off. When will we all start to watch whats going on at TMLWP closer? Or should i ask will we ever?
I do but there are very few others who do.
Watch your BILLS!!!!
ReplyDelete
david smartDecember 26, 2015 at 2:11 PM
Among other things, the PSAs require each Project Participant to pay its
pro rata share of MMWEC’s costs related to the Project, which costs include debt service on the revenue bonds issued by MMWEC to finance the Project, plus 10%
of MMWEC’s debt service to be paid into a Reserve and Contingency Fund. In addition, should a Project Participant fail to make any payment when due, other Project Participants of that Project may be required to increase (step-up) their payments
and correspondingly their Participant’s share of that Project’s Capability to an additional amount not to exceed 25% of their original Participant’s share of that Project’s Project Capability.
ReplyDelete
david smartDecember 26, 2015 at 2:31 PM
The Wind Energy Cooperative issues are for two municipal bonds,issued in October and December of 2009 to finance the 1.65 megawatt wind turbine at Templeton’s w
ind farm in Baldwinville, Massachusetts. Principal amounts at inception were $993,750 and $2,116,000. The amount payable on these bonds at December 31, 2014
and 2013 was $1,819,375 and $2,051,000, respectively.
Ever wonder how a bond goes from 993,750 to 1,819,375. respectively?
ReplyDelete
david smartDecember 26, 2015 at 2:32 PM
"We're finally paying it off,"
?
ReplyDelete
until the voters in this town vote in a new light board and school board, we are at their mercy!!!!
ReplyDeleteThe School board and system needs a major overhaul. Our method of governing our community needs to be overhauled also. We cannot keep operating, voting, meeting like this is 1816. How is it right when roughly 30% of the workforce works alternative shifts that do not allow for them to attend "town meetings"
ReplyDeleteWhy are we required to attend the meeting to vote? Look at the school 5 school votes a couple years ago. That was an endurance event that burned people out and made many say why bother.
We need more access so more people can vote.
As the turbine turns continued!
ReplyDeleteAs i checked today the lawn ornament was turning.
Was it production or bearing exercise?
Hard to tell when it's rare to see it turn at all.
I hope they/we produce enough to pay for the light at the top of it.