Where are the financials for TMLWP?
Were they "omitted" because as in South Hadley:
"If the omitted disclosures and statements of cash flows were included in the financial statements, they might influence the user's conclusions about the Department's financial position, results of operations and cash flows."
Our Templeton Municipal Light Company would like it if we just left them alone to do what ?? Well, they have no interest in working with, or helping the rest of the town. This is not the way this Company was set up, to watch out for themselves and live high off the hog. Historically the Light was treated as just another department, run by the Selectmen, while it's profits were used by the town. Records going back in time support my telling you this. The town has been conned by the very people who were elected to watch out for it's own welfare, and it is time to bring this selfish behavior to a stop. The Light Commissioners have to be held accountable. This is not your father's Municipal Light Company, but it could be again. Bev.
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ReplyDeleteSchool vs. city/town issue is hurting more towns than just Templeton and speaking on the above issue will take time, a lot of time. It took a year just to lose a town coordinator and 2 1/2 years to get a Town Administrator and we still do not have a full time TA so change comes hard and it involves a lot of work. In my opinion, the issue with Templeton light is a combination of long entrenched light commissioners and the fact that Templeton light has been left alone for a long time and again, in my opinion, this came from buying us off, like "generously giving the town funds and paying for a town building study, buy tending to the wind turbine project in a touch feel good project with regards to a teacher and that whole green thing and on and on. Then the big joyous day of a letter from the DOR Director of Bureau of Accounts, Gerald Perry. Within that letter is a statement of "with respect to fiscal matters generally, under MGL c. 164, light plants are not separate legal entities and need approval of their municipalities' legislative bodies (town meeting) to borrow, as in a USDA loan to paint the TOWN'S water tanks. Templeton light said they are separate but could not borrow money because of no town bond rating, other important things are taken care of by the TOWN, So there is an issue as important as the schools with regards to Templeton Light and I think the only way to fix it is for a change of the commissioners beginning next year.
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ReplyDeleteOk huff or S R
ReplyDeleteLets see, according to boston business journal, the median residential tax rate is $15.69 per thousand, median commercial rate is $17.30 per thousand. Long meadow listed as highest residential at $23.62 per thousand and Holyoke has highest commercial at $39.93 per thousand. Oddly enough, the highest tax rate does not equal highest tax bills.
ReplyDeleteWhen I looked at the financials for the 2014 town reports to compare with the previous year report I was unable to see a financial report for either the Light or the Water dept. If the Commission was to wonder why people would think the transparency issue would come out again there it is. When the amounts of cost to purchase power range from under 7 cents to over 30 cents for power one would begin to question why. If we do the research to find the answers and bring it to the attention of our commissioners we are told we are only a chosen few who cause the trouble and that most of the ratepayers are satisfied with the things the way they are. I say what choice do they have? The only place we can get our power is from them.
ReplyDeleteIs this what you thought the power cost included?
ReplyDeletePursuant to the PSAs, the MMWEC Seabrook and Millstone project participants are liable for their proportionate share of the costs associated with decommissioning the plants, which costs are being funded through monthly project billings. Also, the project participants are liable for their proportionate share of the uninsured costs of a nuclear incident that might be imposed under the Price-Anderson Act ("Act"). Originally enacted in 1957, the Act has been renewed several times. In July 2005, as part of the Energy Policy Act of 2005, Congress extended the Act until the end of 2025. Templeton Municipal Light Plant has entered into PSAs and power purchase agreements ("PPAs") with MMWEC. Under both the PSAs and PPAs, the Plant is required to make certain payments to MMWEC payable solely from Plant revenues. Under the PSAs, each Participant is unconditionally obligated to make payments due to MMWEC whether or not the project(s) is completed or operating, and notwithstanding the suspension or interruption of the output of the project(s).
If we let the commissioners do in the future as done in the past we stand to be on the hook for more.
Bob M. i still have not recieved any email from you and i need to verify who you are ASAP.
ReplyDeleteEmail me at smart@nii.net
I would offer the same to huff n puff but thats a waist of my time.
Bob you have to respond to remain.
Thats smart@nii.net
Bob M you can still use you tag name we just need to know who uses it.
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