##VIDEO ID:1VGn3cDvSUc## e e e e e e e e recording in progress e hi Pam is here I I can't hear anything so I'm not sure if I'm with anybody else e e e [Music] e e e e e e e e recording stopped recording in progress e for e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e [Music] Erica can you hear me e e e e e e e two Pam could you hear that yes now I can hear you that's the first thing I could hear excellent on it's going to take me a minute to I think you can mute that guys Pam can you still hear us yes I can Pam can you hear us yes I can but see if I shut that sound off it comes out of my computer so just mute this one and then if I mute this one for some reason it's not working on this one oh yep understand what you're saying now MH uh well just make this one little soft than it may be and not muted completely hello yeah can you hear us Pam I can hear you can you hear us now I I can hear you I could hear you the whole time hear her one second I think he's yikes I haven't heard anything for while so I'm just doing a sound check what that [Music] ER change link one second okay e e e e I'm unmuting but I I haven't heard anything for a while so I'm not sure if you guys can hear me e [Music] e e [Music] you guys hear me e e [Music] can you test it again she can you hear us can you ask if you can hear us now me do this wait let me do mine one two three one two3 I see it Pam can hear us now they're actually ay uh com to so I think we're just going to call her and as long as I can record it on mine I think we should be fine okay I'll call you back if anything else thanks bye can hear hi just mute the P say hello hi hi Pam yeah we can give us a sentence how's the weather oh my gosh you're sick I'm so sorry oh goodness gracious where are you where are you home probably oh all right oh oh all right I'm so sorry all right well it's on it's repeating it's on delay okay I'm delay what's uh what's the going on with just gonna run PS on try something different things I mean we're not great you might not be able to hear us but if you have Pam we at least can record it we have Pam we can record something okay so just so what is the what are we left with as far as how the meeting gets you know documented and played back or anything what we'll be able to we're in the AV room the room and just check rctv stream and tell me if you can hear it and I will send you the link right now also just look on our phones the volume hang so sorry not feeling like back I know hope it be like done by now you should have it you When I Leave the Room can you just talk a little bit and the [Music] regular hear the wers you hear the munching of candy in through the [Laughter] microphon input volume is too high ignore the boys M getting the wrong impression I we just here to eat candy which is reasonable incentive that's what you get paid in I know I get two point5 Pat let's keep going then okay so we're ready to go yes sir okay so we're gonna call regular session back to order right and um the meeting is being AUD recorded held remotely on zoom and live streamed on rctv or two out of three of those yeah live stream sced and likely reported yes okay likely reported find out unfortunately the sound okay okay um so how do you I think the way to do this would be you you run through your self-report andun results quick and then um I was talking with Phil about how to do this and maybe going through one by one with seniority first uh great of or we could go Section by section major section by section you want to do it that way right yeah because I think otherwise we're just hopping and skipping and jumping and we can a little more Focus if we okay by Major section so in other words Greg would do section A and then we'd all talk about section A no we all do vision of which There's A and B right yeah same page yep so okay so you'd start with vision and then we'd all talk about vision and now you've given yourself numerical and I I that that could be something that we do as well or just speak to it y I think we speak we we we've never agreed on a numerical no I don't know what okay so this voice got it to two decimal places I is that logical or no two two significant digits two significant figures log scale or or exponential scale I not quite sure what straight okay well then I would suggest at least that we would say whether the goals have been met or not met or um as that would be the minimum threshold of what we would say and um and then anything that we it's it's a verbal feedback and that if we wanted to provide because the one of the things in reading through there was some things where I was wanting more data that if we would have the opportunity to hand in a final written in at the next meeting how would anybody feel about that I think I think no yes okay let's say that in my vast experience yeah yes I don't know we can morph into it there's morph into it but it's verbal feedback if there's if there's a need for a data followup then we could have the other we could hand in something in two days if need be okay all right okay section eight section Vision we call to order we're sort of in order okay uh you saw my context slide right first half of the year we were we were moving quick I'll just leave it at that um the structure Vision team customers platform funding power supply um I do want to just pick a moment slide four let me just put it up on the screen sorry um as you guys know on slide three right I organized this around the goals that we had agreed to back in 2024 right it's categorized by that those goals as you guys remember are driven around supporting the mission right um all right big picture summary right the mission real simple reliable low cost noncarbon um just I want to kind of set the stage right as you guys know from recent presentations and again a slide in this deck our uh we are we have a very reliable Network right now right um part of the focus is reducing vulnerabilities um trees and Wildlife as we've talked about before are two key causes of outages um obviously as we've talked about before we have no control over storms um but we also are very quick in terms of responding and restoring relative to low cost right our average monthly bills we're in the mid Fleet in terms of MLPs and we are significantly lower than the IUS on the residentials on the commercials um we are also um on the lower end of um of the other MLPs and way below the IUS um as you guys know power supply is a key cost driver and we actively manage that from a risk management perspective the other element which we don't talk about as much but we will going forward um is our cast position and our cast position is very strong and as you guys remember um last year um S&P did a a revised rating on us and it's double A minus which is very very good we're shooting for double A but we're dou minus right now and then obviously on the third element of our mission um we are at 55% um retirement of certificates um in 2024 um that's five years it's six years ahead of the um tunnel and 5% higher and we are from our current Port power supply portfolio and that ability to do that to my power supply are we are in very good shape through the mid 2030s which is a great place to be um again you've heard me say before and this is what the employees tend to believe we are a winning team right it was a tumultuous second half of the year but there's internal calmness and internal confidence that is returning to the organization um our external reput reputation um is still in good shape which is very important very very important we'll talk about that when we get to the legislative piece hang on one second and we have the rp3 diamond go ahead Bob no I just I I never thought it was in question you know I there's no no point where I thought it was ever in in question um news travels very fast B well and no you I mean we were very so Ed Nea news was traveling all over the place Fu no yeah but we don't need that kind of talk well don't need to bring that up into that slide but just just oh no but our external reputation is part of the reason why we have Partners discussion it's part of the reason why legislature and the regulatory guys think favorably of us but if if if they think that we don't know how to manage our internal business they'll run the other way blunt I hear all right so back in October 22 we set the Strategic plan right we've revised um and represented it back in September and October of last year um that vision and that mission in particular were important for the we used them for positioning our Regulatory and legislative presentations it was part of the reason why the Partners came to join us um and it was the basis of our grant submission that's a also an a right it allows that um framework of reliable low cost non-carbon it is a framework to prioritize our resources internally um it is helping the rest of the organization not just the GM office prioritize but the rest of the organization do it without having without me having to make every last prioritization decision um it's part of the U um we're looking that both the Ami um upgrade which we'll talk about more detail at a later time and also the operating platform update which we are in the process of doing but all of those items underneath that second a are prioritized around in fact to your point Ray right land is a prerequisite to doing any sort of in territory generation the last uh part part B there which ties back to the first two we hosted a series again um took the initiative back in the beginning of febru of of January of 2025 but we had a series of meetings with our state um senators and Representatives um again in March April and December um we also did a uh a small um uh in-house presentation that's why the tables are gone out of the uh uh the GM conference room um comination of Partners Etc but this is basically setting us up that the legislature um in particular will be asking them for support um in the form of potentially Grant dollars e marks specifically for the storage project and also some of the cleanup of Maple Meadows um those are the key pieces of vision feedback should we go seniority wise bill you know first I'll make a general comment here first y um I'm shortterm here so my some of my comments we're looking at things that are going to be in the future when I'm not here okay so I mean others comments should carry more weight than mine at this point at this point um you know I I think you know in all truthfulness you know you Greg did talk about the second half of the year was a a tough year it was a very trying Year my own personal feeling is that the board created that quite truthfully I speak frankly the board created that created those problems you saw we had all the employees here and they they expressed their support the general manager you know as far as I'm concerned that's you know that's what the employees felt and that's you know they were here to express that so you know again in division you know all these items that are here look fine to me um you know I always have coule rating what's what's a one what's a two what's a three what's a four what's a five you know you know as far as I'm concerned all these things all these things were met from my my standpoint so again limited comments this point okay thank you Phil so I'll I'll go I'll bat second um I think the two items you had in the goals were you know the Strategic plan and engag legislators so a lot of the um you know the updating the plan and a lot of the things in the plan are you know do rely as as Ray was noting on first well first a lot of focus was on carbon capture fuel cells there was a lot of time and effort that you spent on that and you you still have Partners up there for um in this slide today your evaluation of that's that's long since been you know it's been shelv it's been voted down as as as a feasible option for rmld at this point so that that hasn't happened and I don't know what the what it means to say that form is a partner or that Asam or that I don't know what those when you say they're Partners like what you're referring to we're trying to do projects with some novel projects with them so yeah and on the bloom and carbon Quest you while the board decided not to pursue that doesn't negate the the fact that a lot of um positive work was done in the first half of the year to get to a point where the board said no thanks well I mean you didn't have you didn't have land to do it on zoning approvals regulatory approvals uh there were many many none of those pieces were it wasn't anywhere near being feasible so I mean I mean it's I hear the feedback it's just factual and then so the land pieces are are are exciting um and I think we've talked about the need for like understanding milestones and what what are the concrete points of getting from talking about these things so like we would understand that they're going to happen as far as acquisition and then the full business case and um you know the failure mode analyses type things that we we went through with Bloom is that we're far from having and we we want everything to work out but we're far we're far from knowing what those pieces are and when they're going to happen so it's it's it there aren't really metrics to say how how those are going at this point which could change in a week or a month um so and that's on the engaging legislators you mentioned meetings but but meetings are meetings but what are the specific legislative pieces that are or actions or or things that are resulting from those meetings that you would point to I mean just having a meeting I mean we have that's great but what is what is the a meeting example would be with d they gave us was a a uh a way for us to um properly clean up Maple Mets where no plan had existed before so we actually have that plan when we can execute it so that was a successful series of meetings with d as an example with the legislators um well hold on let's stay on that for a minute so that's something I hadn't heard about like that that we we talked about that you know in Spring of last year that would be the February March discussion probably the March meeting but that that would be something but that I'm just saying it's not it's not in your self review of I got I'm not gonna list every last thing we did Dave I mean again we go keep going that's that's all it's it's it's similar to the other of not you know that you mentioned having meetings but the concrete things that resulted from them or if you say there's an agreement with the EP on land that obviously we don't own and maybe someday we could lease it but again when is that lease going to be real and then what is this D you know it's so there's a question I hear I hear your question on land um and my apologies for not providing more details relative to the results of the legislative and Regulatory pieces okay so it it's just on this one I mean the other stuff there's more specifics this one my only feedback is that there's not specifics for us to understand where these things stand or what's resulting from them that's my feedback so it's not really a rating because I don't have the information to provide that's all thank you go um so again I'd prefer to provide feedback right you get a feedback session right this is this is a feedback session right so um I'm personally not interested in in a rating I just wanted for everybody to give feedback right your end of year goals and and and then or how how you're doing I think um one of the things I you do talk about those meetings and we talk about grants but what was you know did we get them didn't we get them why didn't we get them is probably we get them great when we didn't get them what's why why didn't we right was it the application was it the competition was it the um it didn't exist you know there was a lot of um things you know when we already talked about the um all the money we were going to get for all a lot of projects right that's what killed prob and catch your fuel some right we we we well I I one of them was that just you know there was too many unknowns right and it was there was it was a lot of concrete I I think we just need to make sure we attack the right projects in the vision right um I we we talk about um a a lot of the big things but you know I'd love to put a nuclear reactor right in the middle of reading it would be great but next to your it's yeah right no um but I think those are the types of things we just have to stay focused on what is a doable project right what is what is something that's going to be concrete that's going to be executable in a certain time frame so that that's my feedback on the vision think that's Pam now right Pam has a few months on Ray or I hope you guys hear okay yes we can yes we can take a second dump into the details behind this I I appreciate that a lot of the things on this page certainly not just you a large group of folks who are working really hard on many many different things and I just want to express appreciation for the team who contributed to all of this work um you know and and you know Rec that there's AET of different set Asal you're never G to hit them all um and appreciate you know the fact that you shared some of the activities and work that went towards them um I'll just briefly you know reiterate kind of one of the points J made around you know results versus activities um just for efficiencies I think most helpful if we just talk about just the specific results that you know impactful in each these areas but again recognize that there's a lot of work that goes into achieving those results sometimes you know work happens that you know doesn't actually get a result we made different decision so that happen um feedback uh you know I think the vision is very very clear the mission is very clear um to the organization and definitely appreciate that that provides guidance to the organization to make decision um on their own I I think you know we'll get into team and Personnel later um you know the more the team can self-direct and drive their activities and their results towards that vision and Mission um you know I'd like to continue to see the organization move in that direction so that you know you you aren't in every detail um of of what's happening or every decision um you know so the focus be on the strategy and the leadership the organiz that's that's all I have TOS thank thank you P very helpful thank you being the junior member of the organization um I think as a topic vision and strategic Vision I think you do a very good job setting that um reliable lowcost no carbon I think that's every third sentence that comes out of your mouth you about that but it does set the tone uh for everyone to understand and in territory uh generation is kind of another Mantra to that that also kind of sets uh where we're going so in terms of uh I don't think anyone's confused that those are those are theall things uh that we're trying to do um within that I I generally agree that the systems have reliable getting the trees cut certainly is part of that uh performance is generally good uh I do power supply is a key cost driver agreed and is actively risk managed um we had a discussion this year about when we had um low demand and high power purchase um and I'm still not clear that we actively managed that I'm not sure there's a strategy but that was a um an issue that came up and regardless of how we arrived at that the point is that that that's a going to be a phenomenon that you have when you get independent Supply and independent demand is going to be back and force and sometimes going to be this sometimes going to be this but at least I'm not clear that this is an actively an active strategy managing that um if if there is I I I haven't I don't quite understand stand it um do I mean I know on the other end when there's high demand and low Supply we have systems in place to try to pull that back um certainly putting more batteries into the system is is a way to do that sending emails out so so on on the on the high demand side um we have some things in place it's it's on the low demand side and high supply side um that I'm not clear where where is where we want to be on that um uh I think yay we're we're at the 55% goal um but it that's always going to be a Pursuit and Beyond the 2030s we still still need to plan for that um I think only in the I think the lesson in the carbon capture fuel sell for me is that while I get that that was a Pursuit for in territory Generation Um and the options are few so that was the more likely of the of the options I think what became successful was the partnership with the Board of Commissioners and the CAC to have that subcommittee engage with you and begin to set up a risk assessment methodology where uh we could understand what things we did not have in place ultimately we made a decision not to go that way because we found too many things not in we didn't have the land we didn't have the permits there were things that came up that made that not viable so my my lesson or instruction going forward is as we have these larger projects let's look to create more communication create more subcommittees um bring um or or whatever skill set we have a great skill set on the board here so you know and same with the CAC we've got great people in the CAC let's bring create that team let's let's have them help guide that those projects make them successful um early so that we can avoid spending a lot of effort and then finding out that we are where we need to be um our the own lands I know we're putting a lot of priority there um I've also said we also we don't need land we need area um and I'd like to see more in the uh solar solar Choice solar uh residential options um but again that's just my feedback that I'd like to see more in that area but other than that um my my feedback on that topic okay team excuse me slide 17 so we had CDE f and g um so obviously in the case of recruiting engaging several key um team members you can see the list here operations director in January HR director in March um we hired the assistant director in March of ird and then promoted her to director in August um we uh promoted interal candidate um to be the engineering assistant director um with a plan to make that individual the director um likely in the 2025 time frame um the ird team as you guys know was uh kind of uh decimated is probably not the right word but it imploded so we in the second half of the year have renewed rebuilt it almost fully staffed um it's a good solid team with good leadership um we decided to pause the intern Co-op program so back to the idea let's not do too many things but we're not going to expand that right now um we initiated Again part of that team was the contracts that was the E element of it and so that's in process um you'll see in the uh goals the updated goals and the package that goes out tomorrow we can talk about on Wednesday uh the goal is to get that done in the first half of the Year part of that is driven by um the uh Union responses um we continued we continue refinement of the work schedule that's the 4 by10 we made some additional refinements to it back in the summer the program working better um and then we push the testing of a semiannual review into 2025 our focus is to get the Reg annual reviews done and we're already in the process of doing those for the 2024 year in the first two months of this year we just back to a regular schedule so that's the big picture on team and Personnel feedback please all right so first up again General some general comments you've seen we had the meeting with the employees and you saw the support they had for the general manager uh we've heard from the ird head about that sta the condition of that Division and what she's done to train it out at this point where the training what's Peter's last name price what price what Peter price price yeah Peter Bryce the time he appeared in front of this board I must tell you it just absolutely was amazing this is a man who and Peter if you if you listening I'm sorry caused a lot of trouble in the past the best way to put it appearing in front of this board was like a new man when he appeared in front of this board I I you know I thought to myself is this the same guy so I think you know the transformation that U Greg did with that particular employee was just amazing absolutely amazing so that's what I to say okay okay uh thank you Phil um so going through you had leadership team broaden Co-op program negotiate contracts and new work schedule I think I mean there has been a lot of turnover I think kind of back where we were about a year ago so yeah first half of the year yeah exactly um broaden Co-op program so there may be value in that to create you know um a pipeline right 10 and it's sheld so I I you had your reasons for doing it um I don't know why it was a goal and then shelding it but uh yeah the goal was to try and get um younger people into the program Y and we were able to do that with full-time hires the idea is we still ran a program this past year the point is we we didn't bring it into the U Engineering Group yet again just trying not to do too many things simultaneously right so the big the big one here is the new work schedule and what that did to planned overtime um which was something that has come up repeatedly and we mentioned very you know very clearly over the summer and again looking at the numbers the plan plan OT which is not storms not outages not trees um in 2022 was 7 from your number 750,000 of which 460,000 was Line crew and that went up to 1.55 million in 2023 of which 66 three was lying through and then this year it's doubled in two years it's now 1.5 million of which more than one million is Line crew it's like and then the supervisors has also doubled the OT is up five or 600,000 and it's out from 2023 from 2022 to 2020 so 2022 when you took over as interim you became full-time GM in but end of uh well January 1 2023 so so 2024 and this goes back to theou you know it is apparent and you can dispute this if you want that the implementation of that schedule the the Friday line contractors and then guys covering those with OT shifts has cost uh our multi something on the order of of hundreds of thousands of dollars of OT and this is something that I think Bob has mentioned many times warned you about before you did it it was clear this was happening throughout the year we called it we called out in summer that this was happening and wanted it addressed and I don't you could tell us whether you have addressed it um but you know the OT uh surging five to $600,000 that's a lot of money and it's it's rate payers are covering this and it's because of your management decisions please feel free to disagree with that statement yeah I think um a couple things that are in the mix is what those numbers don't aren't normalized for is the head of the Line crew in particular and also the annual rate changes that are built into the contract also in the existing contract that would be a piece of it fair enough no yeah and they do go up a little bit every year for that reason but the doubling in two years totally out of I don't think it's doubling but that's a different in two years yeah okay um we should go back and double check the numbers but the point being that one of the key results of that is um that we have a lot of work that has to be done with our Network and we have three mechanisms with which to get that work we have four things we can do we can defer the work but if we want to get the work done we can either hire more full-time people we can Andor hire subcontractors more subcontractors which we do have we've actually worked that down or we can provide overtime to additional employees our view is that we are fully staffed in the line right now um and have been in the year 2024 and currently in our current structure the overtime is the least expensive way to get the work done the benefit of getting the work done is to improve our reliability which we have done significantly we've basically improved by a factor of two our reliability metrics right and the other element is we all know from what happened in Hawaii in 23 Northern California in 2021 and most recently in uh in California is we do not want to be the source of any sort of major events so we are really focused on the safety of the network and the reliability Network and in both cases you can think of the additional cost as being a benefit to the customers and insurance yeah I don't I mean it would be interesting to have you provide data to support what you just said as the data in the slid but that the extra half a million in overtime produced is the is why our system is Rev it's a pie of okay right and think you and I both agreed that the other element is headcount and the other element is the existing contract and the other element is the rate change so are all contractually done when we brought this up in the summer and what how the scheduling that you implemented seemed to be causing it did you take any action then or do have you taken any action recently on contract labor for example U yes on on subcontract labor well on the the the the Friday you know doing these uh what is it power line contractors coming in on Fridays Bob could speak to this more authoritatively than I could but so in the contract that's been in place at least two cycles um the Line crew um have guaranteed um overtime of eight hours each week that there's at least one subcontractor on the premise and so we have reduced the number of subcontractors but we haven't brought it to zero we're in the process of doing that right now so now you're taking action to no no we problem we U we've been doing several things in terms of better managing the overtime hours um going back before August of last year and those actually listed in the other slides that we will keep an executive session until after we finished the Union contract um but but I but I hear the feedback that um so I just I dismute the fact that it's um it's just a net negative to our customer base I would dismute that well I mean it's just a high a high high OT cost from a scheduling regime that you implement it so I was the one initiated the four four1 that is correct so that that to me is a big that's a significant problem and also that it didn't seem like there was a response to it over the summer um but maybe as you say now that you're doing some things now but uh this is something you could follow up on later if you wanted to but um that's that's okay also the last piece you had under team Personnel was semiannual reviews that you would implement semiannual reviews and then you said you didn't Implement that that's correct okay so those would have value you know to help people grow and get feedback and all that but then if it's a goal to do it then why why why didn't you do it well I think Phil spoke to a little bit of that issue associated with the tumultuous nature okay I'm I'm all set thank you yeah Bob um do think one of the things that that uh I think uh we did have a significant turnover right and and I'm hoping that's stopped um you know just but but that tumultuousness the turnover led to that tumultuousness um and and that's something that that it's very difficult right when when people are leaving or or in organization and I think that was one of the Sparks right you want to talk you know we gonna that that that definitely have have something and that's definitely something that that we need to seems like it's calm calmed down you know but I I I just that's a huge turnover me know at one point we talking about I think upwards of almost 20 out of a 80 person roughly 80 person organization that that was a big number right but that said it seem we've moved on from that um you know uh just one one of the things that um Your Role is as as you go into the negotiations is as the GM you need to be the the buck stuff with you you know it it it's something that you know um you have to be the leader and sometimes that's a difficult position and that means you have to say no and you have to offer you know different differing points of view I I think that that that's something that that you're Your Role demands out of you and I think that that's something that's going to be very very important um coming up uh let uh you know and as um we've we know we've gone through um certain things I I I we know we did have a co-op program uh I'd like to see at least if you can do some kind of summer internships if that's to to maintain that you know um to bring in some students as as they come in I think that's beneficial for the students as much as it is for for for reading light you know you're you're there to give them experience not so much hire them change the focus of of what that that goal is um and and to give them uh you know like you said an experience and and the different aspects of the business thanks that's thank com the most important category uh because you know leaders of the organization doing this well means you're kind of a for everybody does their job well they're engaged and they have Clarity on their objectives and they're supported and so you know one piece I would say is there are certainly a few things that got off track you know focus on know whatever it might be that that we do our best to stick to that with in particular but appreciate all of the effort that goes into leading an organization of 85 people and you know all of the details without Thank you Pam GRE um yeah me um I think we've come through a difficult period And so negotiation of mutual benefit Union contracts that's ongoing transition to Winer work schedule hopefully that'll come out of the uh contracts too and and um we've got new teams we've got a new I ird manager and for all that I've been told uh she's doing well I met her and fine with me but I have I haven't seen her work with her staff Ian might that might really my job but um and and fill other roles um but we didn't while we got to a good place now I feel like that was a big issue and I don't rate this very highly in terms of how we got through that um and I don't want to rehash it all but I I want to see that people are being trained I want to see that there's Comm effective communication about what their expectation is I want there see be a pathway for glow growth if people feel like there's a pathway for them I want to understand that those three things are the types of things the general manager and HR is supportive of and and and messaging back to the organization that you know what you're doing this is what I expect of you and this is your pathway forward um the feedback that I received interns were lost people didn't know what they were doing um even interns that came back ended up getting fired it was it was not good it was a function of leadership um and so I'm I'm hope we're through it um but as far as rating you on this this this was not good um I hope we don't anything like requesting staff the right letters support again that was I don't know where that came from or where that AB that should good well yeah that that should I was with you guys in NE well that that was all we shouldn't be asking staff you do that and and those that reacted negatively aren't here which is not a good correlation either category oh that was awful let's not do that again but we're we're in a good place now yeah I think so yeah well before we move on I just that last Point Greg I think it's important for you to sometimes take ownership and responsibility for things and when you're running the organization and there's a memo left all over the office and in the cafeteria with our personal email addresses recruiting employees to come and say positive things about you and you're saying oh didn't know about it it sat there for a week or two and and and you didn't put a stop to it and you and you as if oh you don't have control over that I mean it's just a little bit sometimes you can take responsibility for things and think yeah maybe that wasn't you know but you you to sit there and say oh as if you have nothing to do with it is just a little bit acute Okay or that you don't have any or that you have no control excuse me that you have no ability to like say hey that's not cool people um you know come on well you're the general manager goes back to what Bob said of you know the buck stops with you on what's going on in your office okay so I'm I'm just backing up what Ray just said so let's go on to the next topic please customers so again the organization of these big categories are you know the vision where where we're going the team how you know the tools to get it done the team to get it done and then the customers those are the people that we serve rate payers new businesses and towns so as you guys saw there expand the weatherization program we basically streamlined the weatherization program right we looked at expanding it as a stand toone program and we deferred that we decided not to pursue that um we've talked about that in a couple of sessions in the middle of the year uh we did initiate and negotiated and we're about to um announce in February uh another option another to the rebate which is basically a loan program we borrowed some of the ideas from massve again willing to learn from other people um but again back to the idea of trying to make weather resedation um a more affordable depending upon your individual situation that's what we tried to do um we are preparing for the broader to you rollup we've talked about this for two years um the MDM program is a piece of it and then the Ami program so on the Ami program we went through a very extensive RFP process last year we selected an Ami vendor um again it's a prerequisite to the toou Our intention is to get that um Ami we're finishing contract negotiations as we speak our goal is to get that signed in the next week and a half two weeks um it's been an extensive um discussion just making sure that we properly protect the rmld um we have a good partner um we believe who is accommodating our request um and our intention and will continue as uh Nick did a presentation um back in December our goal is to get the and you'll see that in the goals to get the first phase of that done in this year and then get the full roll out done in 2026 there are different strategies in terms of do an Ami our goal is to do it quickly rather than extend it out over a long period of time um the again we'll take these I spread them across two pages because there's a lot of stuff in here um we started incremental changes to rmld d.com um there was a peri time where we did not have somebody in marketing or marketing Communications um but we did revise the communication strategy and plan in terms of how we were going to do better external Communications that's why we created the new marketing manager role we successfully recuit recruited somebody in that position um as part of the prerequisite of doing the um website update and the broader communication um as a logo update so we made some progress on that I'll report to that in the next few months um we refined the newsletters um we were doing uh again taking ownership Bill and um Dave and Bob um we typically were trying to do four webinars a year we did not achieve that last year those were very helpful in terms of part of our marketing communication program um we did run podcasts through the first three quarters of the year and we did a lot of communic uh of uh Community engagement um we have not restarted the podcast program again trying to prioritize things um in terms of going to slide nine same category right new customers um we constantly are trying to recruit new customers um there's a hydrogen electrolyzer company that's very interested in coming to our space into our territory part of the bit part of the interest is a combination of the price of our power supply the reliability of our power supply and the renewable nature or the green nature of our power supply um there's also continuing discussions with small scale data centers and that has actually ramped up even more aggressively in the past few weeks um partially um not completely done but we are trying to get the outage map testing done last year um there are some software issues that we're resolving again as a team uh and the customer portal the customer portal will release um literally any day now but the outage map we were hoping to have in place by the end of last year it's not yet completely ready to go um relative to um the town leadership item M um one of the things unique things that we're doing again there's a new town manager in the town of Wilmington um one of the key topics that we're working on there again going back to some specifics was the collocation of a new Fire Stop station uh on the Andover Street property um North Reading we actually have some momentum and interest relative to the land acquisition that we talked about earlier um in Lindfield um we've got a new uh the small 500 KW Mobile Battery system going into station three um we were successfully in getting approval that land Le item with the lyfi water department um that was Phil and I were able to get that done in May again a lot of work ahead of time it's a team effort um reading we talked about a variety of different solar PV opportunities um we provided Green community support we' provided coordination and support with the town already on Ash Street campus development so those are just some examples of the stuff we're doing with Town leadership we have a very good relationship with all four towns right now and then in terms of new efficiency programs right we rolled out the drive EV and we also rolled out the connected homes program we did that in the last two the second half of 202 four those are those are the main categories uh the customer section the customer focus section those people who we are serving and we're serving not just rate payers but the businesses and the towns themselves feedback please okay so first thing I got I got the uh this letter from Rebecca libran yeah that you're aware of yep that it should be you know you that I recommend that you take that you look into it and take whatever we need to finish taking action so some of the things that she mentioned were in process part of it is the email stuff that's the key piece right sure so we'll be releasing probably the so the email request on that um we're hoping to get that done by the end of this this month yeah it'll be halfway through February realistically yeah so few things I mean I hate to see you change the logo to be honest with you you know I like that logo it was put in place many years ago when I was first on the board so um I like Phil 19 it was probably 1988 when that changed yeah when that came off it was used to be a stone tablet right and [Laughter] then no Phil was basically that the what the town SE was basically old logo and all said underneath it was ready Municipal light department yeah you know which which is one of the points that you know some of the points I'm concerned about the data centers yeah I've heard a lot of reports about data centers and the amount of the amount of power they're going to need um and whether or not uh you know there'll be there'll be S capacity to handle those data centers so I think we need to you know think about that in terms of the data centers on that um also seen uh with the Pres Administration that goor that there will def be some sort of slowdown electrification yeah probably well at this point Fally Yeah question yeah we're looking at that that's that's exactly the right question we're trying to the federal and state legislation will drive and Regulatory will drive that we're asking exactly the same question just things like right now that the executive order related to Offshore wind farms and you know that's a supply issue not electrification issue yeah but yeah that's that's that's a serious issue yeah agree but enough to enough Supply to get to the electrification I would imagine to Y the only other thing that and I've said it before and I'll say it again many people think this is reading's light department this is not reading's light department and it cannot be treated as if the town reading owns this this belongs to the out to the rate payers Department who this department belongs to and you must always be aware of the outside towns because there more there's more people there's more low low Revenue that's outside of the Town reading than there is inside of the Town 7% so the problem must always be run from the customer side for the rayer at this point so good reminder let just reminder that you know I live through the the town of Wilmington pulling out taking two votes I'm pulling out and the 20-year agreement that we came about with and that was there was really some really consequences big consequences on that had that ever gone through that everybody would have end up paying higher rates both here in breing uh you know in Wilmington North Reading and the half of Linfield that we have so and hopefully that agreement stays around after long I'm gone I hope hopefully okay thank you okay good reminder on the thanks Phil yeah so on my my part yes so first of all Ami it's a great uh it's great that we now have a contract and you're right it's foundational for a lot of things uh on the recruit large customers I I I don't I don't I do not hold you responsible for recruiting I applaud you for trying but I don't think any of us should be trying to rate whether you were recruited you can't control that so it's great that you talk about it and in fact it's not on the 2025 for that that reason yeah I mean we're going to be supportive as we possibly can you can't control whether somebody moves their company to the territory good feedback and later like when we talk about relationships with towns and also you know you're doing you're good at keeping in touch with the towns and uh but at the end of the day it's not you you can't control whether a town does something or doesn't do something it'll be subject convincible Toc oh yeah so getting back to customer Communications so there there it you're right about Ami being foundational but time of use rates do not require a new Ami system and we have time of VI rates time abuse rates now we have for many years and we know when Peaks are we know when a we when we want to push load around and there hasn't been any uh I don't think talk or or we haven't heard about plans for revamping or broadening our time use rates to say that it's reliant on Ami I think that's not quite right because again we know when the Peaks are happening uh we know the current time use rates are probably not optimal in that they do the Peak from noon to seven and really the Peaks I think as you've said are more like I don't know three to eight four to eight so well currently currently and it's going to change right and that um and that also the differential between the peak price and the off peak price isn't really that much um it could be more so there's things that could be done with time of use and particularly commercial industrial where you do you in fact do have an Ami system effectively for the 40% of your load so I guess what I'm saying is that there has not been any so that I've seen that movement towards time of use changes just so I don't think they need to rely on on the new Ami system um so I I would love I've you know as a as a time of use user myself one of the 400 or 500 that there are I've always wanted to see more time use and and pushing pushing Behavior a little bit that way uh but it it it's not something that's that's been happening so I don't know if I think we talked earlier today about you know whatever the next rate proposal would be it sounded like it's just going to be another cross the board um it would be nice to think that even now there could be flexibility to say you know what let's tweak time use a little bit even though we don't have Ami let's do the 4 to8 let's let's make with you with you on that Fe work that's we're trying to put together yeah because that's that one now armal d. obviously it doesn't it does not appear that the site has has been revamped and unfortunately we have had and uh Phill pointed out the letter is there's actually a lot of there has been a lot of outdated information on it like the solar Choice program was still on there until some weeks ago is still a solar Choice fre FAQ up there now um and so I don't know is is the no no interest no load what's the no interest program the weatherization thing is that a real no it's a no interest Loan program for heat pump and weatherization projects okay is that on the website and it hasn't we haven't we'll announce it in February we're just yeah we're okay we're we're negotiated it we had with one of the local banks okay um took the lessons from Mass Save so I I don't think any of these these types of customer interaction customer communication website re revamping have actually happened um and I know we had problems over the summer The Shred the peak emails weren't going out because there was a problem we hadn't paid the the invoice and it was many weeks before that got fixed so uh there was the issue of the customers still getting overcharged when they were paying extra for 50% noncarbon even though we'd already reached 55 and that got brought up by this same resident um Rebecca and uh then you came back and had to refund people so there's things you know I think there there has not been there there's a lot of work to be done and the revamping of rlc.com you know did not occur so hopefully that will change in the coming months um so yeah that's basically yeah that's that's my feedback thank you yeah the t t so it won't be just a straight across the board each one will be adjusted a little bit um and we'll review all that stuff in the February meeting but that does the encouragement to to make adjustments between rate classes um we will do and you'll see also in the 2025 we'll do more comprehensive customer segmentation and characterization and then a more comprehensive um uh rate study which we do every three to four years as well yeah and I just want to Bill pointed out the letter that came in just today that there's nothing about um like the the email address we don't have that the that the uh this customer's Bill still doesn't uh promote renewable choice but things like that and they they've been we've been talking about these things for a bunch of months now these would seem to be simple things to to do to improve customer Communications without a lot of doesn't seem like it would take a lot of effort to just do it so anyway um a lot I I I did like the new ideas for Mass Save I think that's a good incorporate learn from others right I think that that that's actually you know working down um you know taking certain things that were out of the rebates that just weren't wen't yeah logical anymore though sometimes you don't like them you gota you got to do them so you you you did you did well um streamlining that I know there's a lot of people that are interested in weatherization you know we're not we are not mass safe you know you know can we ever be Mass safe so I think expectations are are important in that as well um Dave touched on time of use I I you know I just see that as a it's that's going to be something that's going to um we have some ability now it's going to be new and it's going to be Ever Changing um over the next couple of years um not having someone in the in the social media marketing manager role uh definitely you know our website and our Communications have been have been slow I'm not going to repeat what what what Dave's Dave said um and you know talking you know we talked about the outage you talked about the outage map and um the the customer portal um again it we're not going to be as as we don't have a lot of money and I understand that so they're not going to be the bells and whistles on on that so I think you know understanding what people setting expectations you can spend a lot of money on something that's not going to give you a lot of benefit and and I just want to make sure that that Focus stays stays true on on a a lot of things that that we do here um you know there's there's certain we could spend that a lot of time and a lot of effort on things that have no yes they would work be be nice to have but at the same time picking up the the oldfashioned phone or cell phone can can call in does the same Effectiveness and and you know okay maybe the map only exists on our website I'm sorry but you know maybe we're not going to do an app maybe we're not going to do some something else it it just is there's a bank v a buck and I just want to always make sure that that we stay focused on on on that um I I do think you're doing a good job with um talking to other entities and and staying on track um with with the other communities and I I do I do I do think that's important but I also do think that that could be the role of others in in your staff right doesn't necessarily have to be you you know to be able to delegate people here to to do those meetings as well you know in and you know let let others be that person I think that's also uh an important fact and um yeah and and again the Energy Efficiency programs yeah we we those are going to come uh based on that it's always an ever changing changing one thank you thank you good good feedback thank you yeah um I [Music] guess will be able to get on top of those quickly and then I think just looking ahead you know I think a few folks kind of talked about this or hinted at it but there's clearly a lot changing at the federal level customers may have questions about what that means for what is available to them or you know there maybe a segment of customers say you know I do individually we want to be able to provide them with information on those options that's really clear and for them so they can make their own choices around what they want to do so it's Dev a really clear set of options for them make that available thank you P helpful thank you Raymond um yeah I think uh some good things here and and some things we want to grow on um streamline weatherization Center programs I glad we we tweak the numbers a little bit um that's that's always going to have to happen um but I I agree where um heat pumps EVs and the res itial solar are still um incentives we need to to kind of pull out time of use um mean I agree with Dave's comments that we we we can TW it in a tweak it in a crude way and but Ami certainly is going to change the whole dynamic so um looking forward to that roll out when when it happens um the marketing yeah I mean let's there's just so much um get the webinars back we need to promote stepwise we need to promote Adobe we need to get messaging uh Network out with other groups uh ready and climate advisory committee Town committees uh whatever um likeminded organizations in the other towns um let them Echo uh what whatever messaging we're trying to put out there um is and and again I I think really want to Second what Pam just said is your role isn't to do those things it's to motivate and encourage and and support your marketing manager to do those things y right and I met her she's a great person and I I'm sure she'll um we we're gonna have some staff to help yeah I mean it's it only happens to her capacity to do it um Y and um but I know she's she's excited about the opportunities um as far as industrial customers my only question on that is we still need customers that aren't going to drive up our Peak demand periods I mean Whatever Whatever Whenever people come in it's nice that they're increasing a base load but they need to have a plan where when we get to the Peaks that they they have a plan correct with you on that one only caution on that um yeah I I think it in general the communication with Town leadership is good I think you have um you've Sly spoken to town leaders um I've heard back from Matt and Jackie from the town of reading and oh yeah yeah Dr Greg about this this um we're making great progress in killum but I I agree with David um right now our town manager is not the most uh uh buoyant or uh exuberant person on this topic so if the town doesn't push him he's not likely to go very far so um let's get kill him done let's get kill him done and then we can go back and look at Parker um but yeah certainly there's green Su support awesome um and um let's keep the the solar opportunities up there um so so yeah I think again looking in the past year we fell down on of some things but I I think we got people in place to move forward so um I'm I'm more optimistic that the next year will go better than the past one thanks great platform Dave platform all right so platform the focus on platform right is um we talked we already started talking about some of these elements but it's basically to allow us to more efficiently support um electrification which is driving load growth as um as a couple of you mentioned already fill you know there's changes at the federal level which will have some impact um but the other thing that we're staying going back to the legislative and Regulatory engagements that we're doing we're trying to stay very close to them to make sure that we see how they see the world changing right now they still see they they are still um on their same current path in terms of driving toward electrification and decarbonization but we are actively updating our load forecast to say what do we think a re a revised schedule might look like so that's that goes back to the load growth and knowing where that is and as you guys know load growth is a critical assumption we're never going to get it perfectly but we want to have it directionally correct and to the order to the aggree that we can the magnitude and the timing of that directional move as well because that impacts our Revenue that impacts how much investment we need to make in the infrastructure the timing of it etc etc so on these op and Q here right so we talked about the Ami vendor right we've established project Milestones as you can see there right phase one is a 2025 event phase two of 2026 event you'll see those in the goals as well one of the things that we did do and uh Dave I know you know this firsthand but we actually engaged in some third parties to uh help us um uh properly manage the project we only do Ami project project once every 15 years so it was appropriate for us to engage a team that helped us do this properly um there were two from the RFP went through a very arduous RFP process there there are two very strong candidates we had four as we talked about before anyway so that's we're feeling very good about the Ami project and equally importantly the internal team is excited about it and the and most not say most importantly and very encouraging is that the internal team wants to do it um quickly as opposed to have it so some some um Ami programs will last three or four or five years our goal is to get it done in 18 months um and there's a couple of anyways so that I think is going extremely well um we talked about pursuing new numerous land opportunities we talked about that before uh one of the key things as we talked about earlier right back in in may we secured the approval to do a lease of the lynfield water district that required a lot of preparation a lot of meetings um and and getting the support the vote support from the lynfield water district themselves we talked about Wilmington North Reading Ben avento New England power um we've got a bunch of different angles in terms of land you guys know intimately well there is a lot of land left in our territory um there's you know the good Parcels are all gone um this scale of land acquisition including Ash Street um is is new to rld you know we did back in uh 2022 the end of 2022 early 23 we did the 326 Ballard Veil but before that the last time we did a land acquisition was in 1995 and Phill remembers he was instrumental in helping us get station three which was the 166 um property so so this is new territory for us we've made good progress but we need to accelerate um we did do an RFP for the land um that's coming back in um in the early part of February that's probably not the ideal we tried it um again to try and uncover additional opportunities it is served primarily to let people know that we are in land acquisition mode but I don't expect a lot to come out of that um but there's a lot of effort in terms of pursuing land um on uh on Q and terms of the performance metrics this goes back to a suggestion you guys made and Pam had made specifically um you know we we are not we we have not fully put in a dashboard um what I have done is I've sat down and walked the team through you know what are the key metrics in terms of how the business Works what are the nature of the you know the key piece is to make sure that the different departments ird and engineering and it and um operations in particular as well as the HR the finance guys but they understand together how the business operates so as we pull these um dashboard metrics into place we can make it happen we did get it done in um 2025 um we made some progress but did get it fully done but it is a critical element um and it you'll see it as the goal for 2025 um the other element is um again internal metrics I talked a few moments ago but load forecast models are they they impact almost every part of our business cash flow Reven Revenue investment hiring etc etc so that's important so that's a quick summary on on platform feedback Phil I don't even know what to say here you know I G say it looks okay to me I mean that's best this I can say here so I'm gonna pass that pass that on yeah just real quick because we've gone over some of these already um you've talked about the need for some kind of understanding of concrete Milestones with the land Acquisitions and what's realistic and you know not losing sight of the uh as Bob's you know has been saying of you know nuts and blls day-to-day stuff in you know while while pursuing the big the big uh the big dog if you will um and and with the data analytics it would be nice not tonight but some point what what are these items what business metrics and um how has the load forecast been deepen how is it different than what en gives us not tonight but you know you're referring to these things but it's not I don't know quite what it what it refers to or how it adds value um and with AMI when we get um you know obviously it produces a lot of data then the trick is to use the data so that's goes back to you know we already have some a lot of data coming in from industrial customers so but we weren't using it so it's a question of using the data um so that's it hopefully we can get clarity on some of these things y that's that's what I have uh just real quick um I I liked it when Nick came in and and discussed the the project yeah I'd like Nick to come in appropriate and and on the substation those are two big projects for us yeah yeah and and just to give us updates on that because it's you know those are the two big things that are going on to do that and uh keep it quick good Pam if if you're still with us fam okay right um yeah just repeating themes that I've had uh Ami managing load growth versus Energy Efficiency supply side versus demand side we need to keep both of those um opportunities in mind when we look at data and opportunities to uh leverage that data um yeah land land is key um it'll be generation and storage solar drives to solar Choice programs um battery storage but also uh land yes but area that's going to be my yeah you're going to hear that more than once Greg uh no no that's part of the focus I mean that's part of parking lots yeah they're expensive but so land so let's get get some stuff on parking lots um and then the internal performance metrics yeah uh Peak power demand versus Peak power supply those are independent variables now and uh we just need to understand how we manage them when the curves don't line up right good no that's part of the equation great thank you all all right um funding funding y I'll be quick here yeah I mean at the end of the day um we we made quite a bit of progress early in the year um through the second half of through the end of basically q24 the first half of 2024 but once we paused the car tempure field sell project we basically paused any of the additional bonding stuff we will need to look at bonding later on this year and into um likely 2026 um 2026 depending upon how fast we do our buildout um there might be a time where we will need to do some bonding but it won't be till 2026 um at the earliest so preparation so um the fact that we have our AA lady rating is good um we did several grants you know back to your earlier comment um Dave um we did learn um how to do better Grant applications um and on part of these early process like the uh the first one um we actually um you know the ones that were not what uh several of them basically we ended up not getting through we got through the first round but didn't get to the second round um and so part of it was we could have done a better job with our applications part of it is there was nothing awarded than New England area I mean there are different reasons for each one of them um some of the smaller ones right s well they're all s I'm sorry but the second one from the bottom the cyber security one um uh we actually won that one the last one the EV charger Grant submission um we were actually weren't well positioned for that but it all got allocated to the city of Boston all 5.1 million of it um the third one down um which is the joint application with form energy um this is one that we did later in the year so we took lessons we learned earlier on um we were recommended by the um Mass CC for 3 million out of the 9.2 million so a big chunk of that Grant dollars um it's in doe hands right now to award um um obviously you know there's still work to do on the form project so we'll update you guys on the economics of the form energy piece um that is a different type of storage system on a whole bunch of different pieces we spent a lot of time um in uh the spring of 2024 talking about that project uh we have kept it moving forward because it is a storage project of a different nature um Our intention right now is to make an equity investment in it but probably at half the scale that we originally thinking about um we'll give you more details on that but that's an example going back to your comment Dave of taking lessons learned and trying to make it a reality you're talking about form energy yep form energy the three and the $3 million out of the 9.3 we're actually looking for another 10 million to be honest um in addition 3 million in addition to the IRA so you're you're looking for you have a $3 million Grant application to doe so he said yeah so it went through Mass CC mass mass CC um out of the $9.2 million that they were allocated said we want to we recommend that they have to get doe approval so they're recommending that three out of that 9.2 go to a form rmld project that's it's the good news is we've learned U how to do a better job in terms of position well if that's another huge project sorry I made a cut front you come with me okay yeah sorry go okay so the one thing that I see is you know the funding going for bonding um if we can get to the MWI yeah that may be a better route than go to the town meeting yeah because you know I've had experience of going to in front of town meeting and asking for um bonding and people get up and say well what more are you going to give to town R that's why you're better off to get to mck if you can do that we can we have the option yeah as opposed to going to to reading town meeting because they they usually have their hand out want once something when you go to town meeting that's been the experience of the last the two yeah the two Bond issues of which I have presented the town meeting on so even though it it'll increase the above the line amount you know the more than that yeah yeah you know because we're doing more construction therefore the above line amount will increase y um you know they'll they usually want something because it falls back to many people consider in town here that it's reading's light department yeah you know and that's you know you're never gonna come I don't know how you're ever gonna overcome that with people um you know having fought that with a few times good feedback on keeping the option at Le have at least fought that issue at least four different times in my time in my time yeah so any that's all I got so all that's good on the slide so that's good stuff um that's that's my feedback thanks yeah no I just uh um the third smart grid monetization the 30 million yeah pbd um oh yeah what what's your in informed date um what's your what's your next feedback cycle on that application on the one Fe yeah oh right above it next to it it was not awarded not I that was a subset that yeah know we we got invited back to the first part of the year we resubmitted um but none of those all that none of that money came to New England yeah we had actually in that particular case because we went back and took the Lessons Learned we had a good pitch and we did it with another partner which made it even more attractive but nothing came in that particular project nothing came yeah I read that first and that was there was nothing nothing WR yeah and that's you know yeah grants grants are always a little bit of a crapshoot um try to just make smart choices and Lessons Learned From ones you don't win for to ones you do it's um I would continue to say keep trying keep trying yeah um it's uh you know and and partners partnering with PE buddy um or whatever partnering of form um you know those those are the another one those are the success factors that that kind of help you win those um so so yeah I'm I encourage you to keep keep chasing funding I I I consider this a a good effort great Pam okay all right last but not least personal favorite we love power L power item 12 so power supply right um it's important for resiliency it's important to manage cost as we talked about before and obviously we have a compliance obligation our compliance obligation is tied specifically to power supply so as you guys know right we explored in territory generation PV R um rml and and as you recommended right RL this is one of the many factors that you've looked at right Lindfield water um is continue to have legs Route 125 potentially has legs and over Street potentially has legs we added four new PV projects to the 2025 budget so there's a the the theme of the 2025 budget is solar PV um you know as you guys know I know you guys commented earlier on the carbon capture fuel cell project to tie to base load um uh we made a lot of progress very in a fairly short period of time um but I think it was the if I remember correctly it was the discussion of the uh potential of the IRA falling through that was the key factor that decided for the subcommittee not to recommend it and the bocc uh not to pursue it but um a lot of lessons learned um uh a lot of good analysis went into it um including how we were going to do the bid um design build process um uh actual projects that got completed Ray um crookwood printing put a put a 225 224 um KW um solar r as part of our incentive program um we presented to North ran high school Parker kilums and process Senior Center Parker obviously the group decision with the town was let's pause that one and focus on killum um we developed two long-term storage Partnerships um uh alome energy is a small project we're doing a Grant application with them right now um and then there's the you know um 10 megawatt 100 hour sorry about that 10 megawatt 100 hour form energy project um that's a very good partnership with them right now and then the other element uh which is not part of the T through W um but in terms of actively manag the power supply this was back in the February uh time frame we uh we actually secured a ra we got approval from you presented negotiated but a rather large nuclear one which took us all the way through to 2050 and it's actually it progresses as it goes out further it gets larger so that was a particularly strong piece and then we are supposed to report on tfas but um the TFA program um we haven't done we haven't signed a TFA project in over three years and the last of the Tas are expiring that was that structure made a lot of sense at a time when um prices were not so volatile um the TFA structure right now doesn't really work in today's environment of of much more volatile prices so anyways that's the last piece on power supply power supply again back to you know somebody's asking about actively managed we we spent a all of these pieces are part of it including um contracts um feedback Dave or Phil none none okay none uh well we've covered it already of just the need for understanding milestones and um what what are the Tim taes and Milestones and and evidence of progress on on the various ambitious land and generation projects you mentioned the Kirkwood that's a what did what what was arml D that was an incentive to do rooftop solar incentive to do rooftop solar okay yeah so that's just a customer that wanted to do solar and G of is there is there any more active rooll Army took in that in terms of its uh we provided advice and sizing Etc um but um you know again we encouraged it that was part of so we were we are part of the enabling factor that actually made it out okay dollars was a big piece of it okay yeah and that fits in with what Ray's point is of or so area area and was that so we didn't lease it you know it's it's more sold in our territory yeah Bob yeah I just kind of kind of touches back in the vision you know I I I know where rates and reliability yeah and looking at the projection of what's going to occur potentially in our next few years and the natural gas and oil environment you know I'd like you to think about and even propose you know right now we're retiring XM certificates but in an open market purchase you know if gas prices are going to go down that's beneficial to rmld I want I I you know I I I I know it's not the most green way to think it's a very economical way to think for the next couple of years and as as things change I'd like to be open to the idea of being being you know if rates is our number one of our number one components Miss y right I I just want to make sure that we're even though when we can unless we still pursue every non-carbon in every single one of these things on the page but I also want to see a pursuing us pursuing the cheapest rates that we can acquire and power supply contracts on the open market right now would allow us to do that you know a larger purchase of gas if gas is available now I I don't know if there gonna be an option in the Northeast right it it it's very difficult already but you know as as things progress and things change um maybe that's something that that but just don't I just don't want to put it off the table but I want to make sure that that is part of the power supply contract going forward and and that impact it it's I said it I didn't say it in the very we got it nice way yeah well remember you know part of our intention behind the carbon cater fuel cell project was actually to to have a natural natural gas system correct right correct and again the world has changed significantly in the past six months yeah um again we look very carefully at natural gas and oil but natural gas in particular coming into the ter into the region right because the view is right now natural gas prices will eventually in two or three whatever at some point point in time they will start to decrease nationally and ultimately somewhere in the 2030 range or beyond our because right now natural gas in New England is continuing to grow um and the forecast right now the industry forecast is 2030 2032 starts Decline and so what I think we should so I'm with you that part of our strategy is to have natural gas now have we have to deal with the carbon piece of it but with the idea that that will eventually become less expensive and not be constrained like it is right now that should be a bigger piece of our portfolio and it could be a lot sooner than than you think the price price right and I just don't want to lose sight of that over you I as a as an energy Supply so in two weeks I I'll talk about this on Wednesday but you know the one of the people that that we that are very good in terms of looking at Natural Gas forecast or the next a team so they used to come to us so last February I went down to three-day conference I'm going to go down again this February I'll I'll walk you through what the objectives but bring back specifics I know natural gas prices in the forecast is going to be one of the topics so mission mission heard Mission accepted in terms of thinking about natural gas in the portfolio going forward and still hting compliance obligations one other item while I look at that little rmld logo Bill's face would look perfect in a light just toodling it've got plan for Phil's face and so I just want to make sure that we see those images of that if there was going to be a change Phil gets the play in the in in there too thank you bu bam yeah continue encourag explore all options taking some of the lessons we learn from the the carbon capture just thinking through you know how do we make know all theang appla contining AC all the thank you P yeah yes not much to add um we're 80% leverag we've shown that that's good value we're looking for in territory generation on the project you mentioned that means we're at 20% 20% market rate so find the best deals um you know just there're going to be opportunities we're going to go after another big scheme carbon capture fuel cell space laser powered Sun generated reflector I'm not sure what what we'll go after but I I think tying the Board of Commissioners uh cled um s but advisory committee the CAC uh in a risk management support plan I I think that gives you the plugs a great resource to the te to the team and and helps um identify risk and manage that piece so um there'll be something out there that we'll we'll want to go after We're not gonna give up yeah I mean you gota you got you've got to sometimes um be aggressive and um just understand that that that has risks and permitting and but yeah otherwise we're good okay Dave I'm G to jump to you guys wanted to pass on those are my ratings you got you can AR going to comment say it's verbal I do want to talk about the last slide 14 right so areas Improvement for 2025 so that first element key metrics beyond the basic actual versus budget and dollars you know there's some basic stuff that we've been managing for a while but what I'm really working on with the management team right now and I've got a bunch of materials that actually we we're regrouping again tomorrow morning but to really put together a um I'll call it a first cut but a much more um reflective of how our business operates dashboard and so it's going to help all the different department understand the decisions that they make and how they affect the rest of the organization um their cost trend lines Etc um you know we've talked about more effective internal and external Communications um past couple years we were doing pretty good at that um last year um it wasn't as good um so I'm going to work diligently uh with myself but the whole team to improve the communications um and then the last element there is the goal is by the end of February to have all of my direct reports and encourage them which is the program that I'm working on with HR to get them all done in the first two months so again areas for improvement for 2025 has your metric U of uh um reliably low cost no carbon along with that um I would see areas for improvement with staff training communication um training communication and growth bring people on tell them what they do what they need to do and your communication part is reviews but um you know this the people are electrons don't go from here to the house without people that's whyi a whole lot of stuff so completely training communication and grow uh is your is your next three words after you say a reliable low cost no I think that feeds into it's we've it's been a three-hour meeting and three hour meetings are brutal so we should we should we should call it a night but thank you yeah and I think thank you Greg and I think you're on a start of like helping us flush out the goals that we're g to be conect and I also you know I think we should sleep on it but consider that you know Greg gave numerals that after letting all this bake sleeping on all the comments and what Greg said and his responses is consider coming back on Wednesday with our own uh one to FES on these items um you know we can we can talk about it on Wednesday I I don't want to so let's we got other so happy to have it I don't do another three hours no no no no no it would be it would be just like what's the when you w wake up tomorrow what's the distillation of all this and come in on Wednesday and talk about whether we want to offer that we just do one digit I don't think two or three digs well he did a one to five each thing saying because whatever you want to do there a mismatch let's talk about that on Wednesday do we need to add it to the agenda probably just well it's in there already it's in there okay good sh okay um with that Pam thank you I just moved her around the regular session time to adj miss m i you got a roll I okay thank you very much everybody recording stopped my last I have a chronology of each of our seats from beginning to end so I figure I may leave that with you okay before I disappear a chronology yes of the seat same chair but I can tell you who served before you all the way back I thought you were going to propose a human sacrifice the entire board e e e e e e e e e e e