1. Mass Government Finance Officers Assoc
September 8, 2016

2. AGENDA Municipal Electric Utility Overview
Number / size
Local Control
Braintree Electric Business Model
Non-profit
Components of budget
Hedging plan
Potter II repowering project
Anticipated benefits
Obstacles to construct
Schedule

3. 41 Municipal Utilities in Massachusetts
Smallest 1MW, Largest 170 MWs
2,886,000 MWH or 13% of total in Mass

4. BELD Organization 100 Employees 63 T&D, Admin 25 Generation
12 Broadband
$85 million annual budget
$25 million generation
$60 million T&D, Admin

5. BELD Business Vertically Integrated
385,000 MWH with a peak of approx. 85 MW
Costs broken down into
Distribution
Energy
Transmission
Capacity

6. Hedging Plan

7. Transmission - RNS

8. BELD Transmission Cost

9. New England Capacity Costs

10. BELD Capacity Cost*
* If BELD did not have generation

11. BELD’s Current Capacity Supply
BELD has a diverse capacity supply provided by their assets and contracts. BELD’s total obligation is 112 MWs.
Potter II – 68.6 MWs
Watson 1 & 2 – 31.6 MWs
Seabrook Station – 7.6 MWs
NYPA – 2.0 MWs
Contracted – 15.3 MWs
Total – 125.1*
* BELD has surplus capacity and is paid for it by ISO-NE

12. Potter II Repowering Commercial Operation since 1977
Enhanced Maintenance to get us to 2025
Benefits
Repowered Potter II gives us a hedge against future volatile capacity prices
Efficient generation
Obstacles
Forward Capacity Auction
Construction Risk
Bonding

13. NEW POWER PLANT SCHEDULE/MILESTONES
Permitting Ongoing Fall 2017
Forward Capacity Auction Feb 2017
RFP for gas turbine 2017
RFP for EPC contractor 2017
Engineering 2018
Site prep 2018
Construction 2019 – June 2020
Commercial Operation June 2020
Forward Capacity Market fully implemented by January 2010
Energy prices start to rise significantly by 2010
Further we get along in permitting process the tighter we should be able to control the scope and drive the price down.

14. Location of New Power Plant

15. QUESTIONS ??
Thank you