When will the light shine like we were told it would?
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.39 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.
So what the hell do they do with all that extra money they don't have to pay to the generation part of the costs.
ReplyDeleteWhy should we pay for all the extra cost they don't have like the solar power on Farnsworth rd.
They only pay the power generation costs and charge us as though they pay all the other costs they charge us.
6.245 per kwhr and then we pay over double or do they sell it to the commercial customers for less?
It’s no wonder why the Princeton light dept. purchases no power from MMWEC.
So stop blaming the light commissioners for the added debt, they just asked for it, town meeting said do it and the selectmen supported it!
ReplyDeleteposted by Jeff Bennett