2026-10-27 - SELCO Commission Meeting

00:04Good morning. It's

00:06Tuesday, October 27th, 19 2026

00:09at 8:00 a.m. in the morning.

00:12That explains that. And

00:14calling the Selco Commission

00:16meeting to order.

00:18First on our agenda is to review and

00:20consider approval of the September 2026

00:23bill schedules and warrants. Do we have

00:26any questions or comments on said

00:28schedules and warrants?

00:31Hearing none, do I have a motion to

00:33accept said schedule and warrants?

00:35>> So moved.

00:35>> Okay, I'll second. All in favor?

00:37>> I.

00:38>> Okay.

00:40Those are approved and we'll pass that

00:42around for signature.

00:44There you go.

00:45Next thing on the agenda is the meeting

00:49minutes of September 22nd, 2026.

00:53Do we have any comments or questions

00:55about those said minutes from the last

00:57meeting?

00:59>> No.

00:59>> Hearing none, do I have a motion to

01:01accept the minutes of September 26th?

01:03>> So moved.

01:03>> I'll second.

01:04>> Okay, all in favor?

01:05>> I.

01:06>> Okay.

01:07Third, we have the

01:11We have review and consider approval of

01:13the generation and transmission

01:15adjustment, otherwise known as GTA.

01:18And uh

01:20Chris, I'll turn it over to you.

01:22>> I'll take the GTA baton if I may pass it

01:25to our

01:26team over here.

01:27>> Okay.

01:28>> No.

01:29>> Who are you folks?

01:29>> I'm Melissa

01:31I'm our director of electric service.

01:34>> I'm Patrick Collins, the integrated

01:36resources manager.

01:37>> Okay.

01:38>> And you all are lucky today. You get us

01:39for three topics. It's very exciting.

01:41Yeah.

01:42The first is GTA and my buff. And as you

01:45know, we look at these charges every 6

01:47months.

01:48So we've gone through our standard

01:50analysis here and today we're

01:52recommending no change to the GTA,

01:54keeping the charge that's in place right

01:57now as is. And this is in line with the

02:00plan we had when we launched this rate

02:03back in July. So, no surprises there.

02:06And then we are recommending a small

02:07tweak to NYPA, though. And Patrick will

02:10go through some of the details with you.

02:13>> Let's do NYPA first because that's

02:15pretty straightforward. So, the period

02:19for this NYPA analysis was April of this

02:22year through July of this year. And

02:26basically how we calculate that is we

02:29compare the price of this NYPA

02:32hydropower to the average ISO New

02:35England wholesale

02:36price and that gets us to a savings. We

02:40divide that savings by the kilowatt-hour

02:43sales of that same period to our

02:44residential customers.

02:46And we pass that savings on to the

02:48residential customers in the form of

02:50small credit. So, it was

02:56point

02:58one

03:00Sorry, 0.4 cents a kilowatt-hour. We're

03:03recommending changing that to 0.27 cents

03:06a kilowatt-hour.

03:08So, a reduction of the credit by 0.13

03:10cents a kilowatt-hour. So, for the

03:12average residential customer that is an

03:14increase of less than $1 on their bill.

03:18So, a very minor change.

03:21>> And by the way, what does NYPA stand

03:22for?

03:23>> Yeah.

03:23>> NYPA is the New York Power Authority.

03:26>> And this credit

03:27>> it was something that was brokered back

03:29in the '70s that I believe all of the

03:33munis that participated in NYPA have

03:34some form of this NYPA credit that is

03:37allocated to residential customers that

03:39gives them the value passes through the

03:40value of this contract like in real

03:42time.

03:43>> Okay.

03:46>> Okay, so on to the generation and

03:48transmission adjustment.

03:50So, for this analysis the actuals period

03:54was the first half of 2026, so January

03:56through June.

03:58Expenses and revenue and the forecasted

04:01period was second half of 2026, July

04:04through December.

04:06Um

04:07the actuals came in 9% under collection.

04:11Um

04:12and we we kind of talked about that

04:14already. That was mainly due to January

04:16and February coming in much higher than

04:18expected.

04:20Um

04:21so for the

04:23forecasted period, we did have July and

04:26August prelim actuals.

04:28Um and we have the GTA effective July.

04:32Um so

04:34we are forecasting an over collection of

04:361.6 million and also 9% over.

04:39So the GTA is working.

04:42Um that will leave us

04:44at a forecasted on target collection

04:47through the end of this year, so through

04:48December.

04:50Um

04:51so we do recommend keeping the GTA,

04:54which is currently 1.4 cents kilowatt

04:56hour, through the winter just as a

04:59a hedge against winter pricing. We did

05:01receive some preliminary forecasts for

05:04pricing for this winter and it does look

05:07like it's possible that

05:09records might be broken for pricing.

05:11>> Okay.

05:12>> Um again

05:14so uh we think keeping that

05:16uh 1.4 cents will help mitigate any

05:19potential loss and if we do end up over

05:21collecting, we can just transfer that

05:23over collection to rate stabilization

05:25fund.

05:26And bolster that cuz we are currently a

05:28a bit underfunded

05:30for that.

05:32Um and just

05:34an update on rate comparisons.

05:37So for the 12-month

05:39uh rolling average of July through

05:42uh June 2026, um we're in the bottom

05:45third [snorts] for residential rates.

05:48Uh

05:50and then just for June alone,

05:52we're also around the bottom third

05:55for residential rates.

05:59>> I don't know. It's good.

06:00>> Here's our recent history of GTA and

06:03Niagara.

06:08Okay, with that said,

06:10it looks like

06:12we would

06:13make a motion to

06:16to continue with the same rates for GTA

06:20and to approve the slight upward

06:23adjustment

06:24of the NEPA

06:26rate.

06:27>> Correct.

06:28>> Correct.

06:29>> So moved.

06:29>> So moved. We have a second?

06:31>> I it.

06:31>> Second.

06:32>> Okay. And then all in favor of the

06:33approving of the the generation and

06:36transmission adjustments as it

06:37discussed.

06:38>> I.

06:38>> I.

06:39>> I.

06:40>> Great. Thank you for that.

06:42Uh next on the agenda is net metering

06:45policy revision.

06:47And

06:48okay, revisions added to this is on my

06:50agenda but okay, so you got it.

06:53We can revise what you're already going

06:54to revise. Yes.

06:55>> You can if you want.

06:56>> That's in your jurisdiction. Um so this

07:00policy has not been looked at since

07:022015. Correct? Oh, I'm sorry, 2020.

07:06>> 2020.

07:07>> With a lot of them the substance coming

07:09earlier than that. I believe the 2020

07:12tweaks were pretty minor.

07:13>> Pretty minor.

07:14>> So we just we thought it was time to

07:17look at this just in general and we you

07:19have the redline version of the policy

07:21so all the details are in there but we

07:23did want to call attention to three main

07:25things we did.

07:26One, we've pulled out a lot of

07:30administrative operational work from the

07:33policy, stuff that we believe should be

07:35in another document that we have

07:36internally that that actually is forward

07:39facing but that we manage internally.

07:40It's the interconnection policy. Um that

07:44solar or other technology customers get

07:47when they're applying to put solar on

07:50their homes. Um

07:51so we thought we reading this policy a

07:54lot of the

07:55stuff in here really did belong in that

07:57distinct document so we've you'll see a

08:00lot of deletions in the policy and that

08:02is because that's what we were doing was

08:04removing things from this document

08:05placing them over in the other one.

08:07Um the other big thing we're doing is

08:09broadening this policy to include new

08:11modern technology, like battery storage

08:14and bidirectional chargers. Um,

08:17when this policy was written, solar was

08:20really the only bidirectional technology

08:23out there that customers were adopting,

08:24but things have changed and

08:26um,

08:27we want to get up with the times.

08:29And then the third thing, which is

08:32um,

08:34uh, rate change really, is we have this

08:37distribution standby charge that most

08:40solar customers get, but there is a

08:42group of grandfather customers that have

08:45not received the charge since 2016.

08:48So, we are recommending that um,

08:50all customers receive this charge now.

08:53So, those are the highlights and then

08:55again, I'll turn it over to Patrick for

08:56some of the detail.

08:58>> Sure. Yeah, so

09:00um, as Becca mentioned, we're updating

09:02our policy to follow updated technology.

09:06Um,

09:07so this is really adding battery storage

09:10as an eligible technology for net

09:12metering.

09:13Um,

09:14and these customers would typically

09:16enroll in our connected homes program,

09:18which is an incentive program to

09:22uh, reduce our peak load and uh, we

09:25incentivize customers with bill credit.

09:28Um,

09:29and it's kind of like sharing those

09:30transmission and capacity savings that

09:32we would see.

09:34Um, and cars are essentially batteries

09:36on wheels, so

09:38uh, bidirectional chargers are starting

09:40to come up um,

09:43throughout town and

09:44we would like to enroll those in the

09:45connected connected homes program and

09:47also

09:48um,

09:49be able to net meter these customers.

09:51So, the kilowatt hours that they could

09:53send back to us would be accounted for.

09:56Um,

09:57so that's those are the primary changes

09:59to the policy.

10:01Um, and again, just separating out the

10:03interconnection requirements

10:05from the policy.

10:07Um,

10:08those will be posted on our our website.

10:12Um

10:13and just to give a bit more background

10:15on the

10:16distribution recovery standby charge. Um

10:20so when we started net metering

10:22customers back uh

10:25a decade ago

10:27um

10:28we were thinking about what was the best

10:29rate design. Um

10:32and we decided instead of uh

10:34going with like a wholesale buyback rate

10:36for the power sent back to us

10:39we would go with a flat monthly standby

10:41charge. And that is based on the size of

10:44the solar system. Um so currently it's

10:47at 450 per kilowatt of AC installed

10:50capacity.

10:51Um

10:52and so for the

10:53typical

10:557.6

10:56kilowatt system, that's a $34.27

11:0020 cents charge per month.

11:03Um and this has increased incrementally

11:05over the years. It started at 250 per

11:07kilowatt AC in 2016.

11:10Um and as Beth had mentioned, customers

11:12who installed solar before that

11:14that time period where we started

11:16charging that uh

11:19standby charge were grandfathered. So

11:21there's about 35 to 40 customers that

11:24are not

11:25paying that charge due to

11:27grandfathering. And the reason behind

11:29that was

11:30um previous leadership decided um

11:33that wasn't really a factor for these

11:36customers when deciding to install solar

11:38because payback period is a considerable

11:41factor when you're deciding, should I

11:43get solar or should I not? And that

11:45charge um would impact that payback

11:47period for them. But since it's been so

11:50much time

11:51since 2016, it's been over a decade um

11:54those systems have

11:56reached that payback period. Um

11:59and we we feel that it's equitable and

12:02uh fair to charge all of these customers

12:05this charge and end the grandfathering.

12:08Um

12:09and this this charge is really a way to

12:11ensure that these customers are

12:14contributing to the maintenance of our

12:16distribution system fairly.

12:18Um, so some customers that are sending

12:22uh, more power back to grid than they're

12:24consuming, they might have a negative

12:26uh, balance on their bill.

12:28Um, yet they're still using electricity

12:31overnight and we're still providing

12:33those services to them, but they're not

12:36um, paying into our

12:38our uh, revenue that is used to maintain

12:41our system.

12:43Um,

12:44so that's the gist of it. Um, the bill

12:46impacts, like I said, it's it's around

12:48$30 per month for these customers that

12:50they would see. So it's not an

12:52insignificant change to their bill.

12:54Um, we do plan on

12:57having this be effective January. So

12:59January usage, they would see it on

13:01February bills.

13:03So that would give us enough time to

13:06uh, write personalized letters to these

13:08customers and and mail those.

13:11Um,

13:12and then also, uh, add this charge to

13:14their accounts in the billing system.

13:16>> the number of 30 or 40 people?

13:18>> Yeah, around 35 to 40 people. And

13:20they're all residential customers.

13:22Um, we do apply this charge to

13:24commercial customers, but there aren't

13:26any

13:27uh, commercial customers that are

13:29currently grandfathered.

13:32>> Okay, we've done previous sweep ups of

13:34uh, different rates as well. And I

13:35remember the time we had where

13:37if you had an electric water heater, we

13:39would have the option of turning it on

13:41or off and then we never did it and

13:43people were getting a benefit of that.

13:44We kind of swept up that to take make it

13:47more equitable as far as the rates go.

13:49So so I mean, there's always

13:52polishing of uh, of our rates that need

13:54to be done.

13:55>> Even uh, we de-escalated the um,

13:58senior discount from the 90s and 70s

14:01retirement as well when we

14:03changed

14:04>> the people are still like 120 years old.

14:07>> And then what's intriguing is some of

14:09these some of these um,

14:11accounts, you know, have to actually

14:12change hands, you know.

14:13>> Exactly, yeah. People moved out, so it

14:15like it wasn't a factor for these

14:17customers as well.

14:17>> Yes, that's a good point you bring up.

14:19Um, can you describe this on from my

14:21technology, what you mean when cars are

14:24battery

14:26cars with batteries on wheels and and

14:28how that

14:29Do people get net credits on their car

14:32batteries or what's what's What are we

14:34describing there?

14:35>> Yeah, so that's what we're proposing.

14:38Yeah,

14:39that's what we're proposing. Currently

14:40that's not the case, so the only

14:43technology that's eligible for net

14:44metering in Shrewsbury solar.

14:47Um, so on-site solar generation.

14:49Um, so what we're proposing is changing

14:52the eligible technology to include

14:54battery storage, stand-alone battery

14:56storage. Currently there's no

14:59uh

14:59just battery storage systems without

15:01solar in Shrewsbury. There's some with

15:03coupled with solar.

15:05Um

15:06but also battery storage can take the

15:08form of an EV because it's just like I

15:11said, a battery on wheels.

15:12>> Right.

15:13>> Um, so people can pull into their

15:15garage, plug in to their car,

15:18and that energy from the battery would

15:20go essentially backwards through their

15:22service panel to their house and also to

15:24the grid.

15:26Um

15:26>> And at what point does it trigger the

15:28reverse when it's at full capacity and

15:31then for it's going the other direction?

15:32>> Yeah, so

15:34>> It's creating energy.

15:35>> Exactly, yeah. If the house consumption

15:38is less than

15:40what the battery is capable of pushing

15:42back then that would send it back to our

15:44grid.

15:45>> Well, it's also an incentive to those

15:46who do own cars, electric cars, not to

15:49charge during peak, but rather to have

15:52already charged on off-peak hours so

15:55they can give back a little bit and

15:56actually make some money on that.

15:57>> Yeah, this would work really well for

15:58TOU

16:00in the future. What's that?

16:01>> What's TOU?

16:05>> [laughter]

16:06>> Um, yeah, these customers can control

16:09exactly when they're using energy and

16:10sending it back, so

16:12>> So the guy who charges up his thing

16:14off-peak and And he gets some of it

16:17sucked away and then he goes to work and

16:19says, "I thought I had 100% and I only

16:21got 65%."

16:23>> He'll know.

16:23>> Oops, you know, that's Well, that could

16:26be a problem.

16:26>> It'll take more than 100 that you got.

16:28Like, doesn't it?

16:29>> Yeah.

16:30>> Uh

16:31sorry, I can speak to like four. You can

16:33program in safety stuff like that.

16:36You can discharge to a certain level.

16:38That's all a customizable feature in the

16:41vehicles being released today.

16:43>> Yeah. And the Connected Homes program

16:45has those car rings, too. So, that it

16:47would it can see what the state of

16:48charge of the the car, and it won't

16:51discharge it to a an unreasonable level.

16:54>> So, when the peaks uh cars usually

16:56plugged in at those peak hours, one of

16:58the peak hours?

16:59>> Typically, they're 4:00 p.m. to 8:00

17:01p.m.

17:01>> So, they would be plugged in at that

17:03time.

17:04>> Which is one of the main points of

17:05Connected Homes for us, systems and

17:07device people to not follow that normal

17:09routine, right?

17:10And to be aware of those peak moments.

17:12So,

17:12>> And then maybe we could use that power

17:14from the batteries.

17:15>> Exactly.

17:15>> Take off the peak.

17:16>> good one.

17:17>> And then they could recharge later on

17:18off the

17:19>> And and everyone when Circle wants to

17:21not customize

17:21>> That's good.

17:22>> and the rest of the customers, yeah.

17:24>> Yes, since there is some it's uh say you

17:27want to

17:29participate in that program, is there

17:30something more you have to do, or does

17:32it happen automatically?

17:34>> Uh you would have to enroll either the

17:36charger or your car or whatever eligible

17:38device you want to enroll, and then it's

17:40pretty automated from there. You would

17:42get email and text messages saying,

17:44"Hey, a peak is coming today."

17:46>> No.

17:47>> There's an opt-out option. You wouldn't

17:49get the incentive if you opt out all the

17:51time.

17:52Um but it's it's pretty automated and

17:55hands-off.

17:56>> And you plan some kind of education

17:57program or enrollment, or just kind of

17:59let it see if it works for a while?

18:02What's the What's the communication

18:03expectation?

18:06>> Um we do a pretty good job marketing the

18:08program in general with Olivia um and

18:10her team. Um

18:13there's been pilot programs for

18:15bidirectional EV chargers from the

18:17state, so they they gave them away for

18:20free to some residents.

18:22Um and we know who they are, so we'll be

18:24reaching out to them

18:26um individually to see if they would

18:28like to enroll in our card

18:31program.

18:31>> Cool.

18:32Will we provide bi-directional

18:35chargers?

18:35>> No. No plans to do that.

18:44>> Can I Now, slightly off-topic, but

18:46on-topic a little bit.

18:48Do we have an estimate of how the

18:50electric car market is doing? You know,

18:54we were well, you know,

18:56running like crazy about 4 or 5 years

18:58ago. There was all sorts of incentive.

19:00We're going to build chargers around the

19:01country. That all fell on its sword. And

19:04and then the whole market of electric

19:06car is kind of went away with incentives

19:08that were canceled and whatnot. Where do

19:10we stand today?

19:12>> Yeah, um like you mentioned,

19:15uh the incentive, the federal tax

19:16credit, has gone away. Um that was a

19:19major factor in the decision of people

19:21purchasing EVs.

19:24Um the general economic conditions are

19:26tough right now, I think, for any big

19:28purchases. And typically, EVs are a bit

19:29more expensive up front compared to gas.

19:33Uh but in the long run, you end up

19:34saving due to

19:36ongoing maintenance and energy savings.

19:39Um I think EVs and electrification in

19:43general is

19:44underrated right now, which is

19:46um

19:48Maybe it was overrated 5 years ago.

19:51Uh different political and economic

19:54conditions.

19:55But I think

19:56uh the pendulum will swing the other way

19:59in the next 5 years. Where it

20:01electrification is a bit underrated

20:03right now,

20:04meaning the benefits aren't fully

20:05understood and supported. Um

20:09but I do see that changing in the next 5

20:11years. The technology is just simply

20:13better.

20:14>> Hey, and we as Selco, do we still

20:16provide anybody that purchases an EV a

20:19a discount?

20:21>> Uh we provide a rebate for the purchase

20:23early of of Yep, that program has has

20:26been going for

20:275 years and we have plans to keep that

20:29going.

20:30>> I do think this is one of the first

20:31years we're going [clears throat] to

20:32come in under budget in that program.

20:34>> Yes.

20:34>> That since I've been here. I mean, we

20:36were just we're looking at this cuz we

20:37>> Yeah.

20:38>> It is a little bit of a sea change which

20:40I think you're agreeing to.

20:41>> We have noticed it dipped down a little

20:43bit. Past few years we've had to

20:45increase that budget or take money from

20:47other programs because that has been one

20:49of the most

20:49>> So, California's doing their own

20:51state-wide EV rebates and their sales

20:54have gone up. I think it's

20:56$7,500

20:57or something like this. I was reading in

20:59the Wall Street Journal

21:01that it is is going the other way. It's

21:03the the uh starting to climb.

21:05I don't know if Massachusetts

21:07>> I think well, there's something

21:07>> I wouldn't be surprised.

21:08>> I know.

21:09>> But

21:10>> Okay.

21:11>> Yeah.

21:12>> Thank you.

21:12>> Uh

21:12>> Okay.

21:13>> Oh, I was just going to add a uh

21:15shameless plug a little bit back on the

21:17electrification

21:18topic is

21:20So, Carl,

21:22you know, to your point about

21:23[clears throat] the Wall Street Journal

21:24and these larger national or even

21:26state-wide politics, you know, you can

21:29see the trend of an EV market.

21:32Well, you know, folks that I've met

21:34with, Shrewsbury's unique. If you look

21:37at how much you pay for gas and you're

21:39paying five

21:41you know, bucks a gallon

21:43and you do the analysis in Shrewsbury

21:45different than Westborough

21:47or even with the GTA, our electric rates

21:50to fuel your vehicle

21:53makes that the economics of

21:54electrification

21:56vastly more favorable than if you were

21:59to compare to a national grid. And so,

22:01the national politics

22:03doesn't necessarily apply to Shrewsbury

22:06because our economics are so different.

22:09Um, so that's where you know, if if for

22:11folks living in this community

22:14you know,

22:15uh

22:16EVs

22:17and you know, paying our electric rates

22:19to charge a battery is much more

22:21favorable than

22:23you might read in a in a national

22:25newspaper, Uh, heat pumps, any of these

22:28technologies instead of paying six plus

22:31gallons a gallon a dollars a gallon for

22:33heating oil.

22:35You know, so that helps our marketing,

22:37you know, getting those analysis out

22:39there for folks to see. Helps people

22:41save money.

22:43>> Okay.

22:45Okay, so on the um

22:48>> I think we

22:48>> Really what we're looking for is just an

22:50approval of the void for the net

22:51metering policy as presented to be

22:53revised as presented.

22:54>> I think we will suggest two different

22:55votes, right? Cuz we want the policy to

22:58be effective um immediately on November

23:011st.

23:01>> Yeah, but the rates to change to

23:03January.

23:04>> Exactly. Yeah. And we can have a written

23:06you something.

23:06>> We can do it but we can do it two for

23:08one and

23:08>> Okay.

23:09>> Two for one.

23:10>> So So you want um

23:12So we you're looking for a motion then

23:14to approve the net metering policy

23:16revision as proposed to be effective

23:19immediately and with the rate adjustment

23:22that was included in the said uh

23:24revision to commence 1 January.

23:27>> So someone

23:27>> Second. [clears throat]

23:28>> All in favor? All right. Okay, great.

23:30Well, thank you very much.

23:33Oh, yes.

23:34>> Yes.

23:36>> GM highlights.

23:38>> Oh.

23:38>> Thank you.

23:39>> Round of applause.

23:39>> What we all come here for.

23:41Appreciate that.

23:43Um

23:45So trying to stay in theme, uh I forgot

23:48I had a couple of these in here. So

23:50maybe I didn't have to do my shameless

23:51plug. I mean it was

23:52>> No, you did good.

23:54>> Um

23:55Uh just something to keep your eye on,

23:57uh heat pumps that fit in your window.

24:00Um so just something I found

24:02interesting. Nothing imminent, but I

24:04didn't mean to imply that this is

24:06something that we see

24:08uh cropping up in town, but just as

24:10technology marches on, I think this was

24:12an interesting uh

24:14uh

24:15article that highlights the technology.

24:18Uh uh you know, recent meetings we've

24:21talked about our battery projects. Uh so

24:24just wanted to highlight Amerex's award

24:27with Light Shift Energy for these energy

24:29storage systems.

24:31Um

24:32we are

24:35next on the list, if you will, uh to

24:38start our project. So,

24:41that should see some activity

24:43next year.

24:44Excuse [clears throat] me.

24:45Um

24:48Uh there's a lot of articles in here, so

24:51we'll try not to go through each one.

24:53Just something we're keeping eye on with

24:55FEMA and cost reimbursements.

24:58There's some you know, funding

25:00ramifications there if we have a major

25:02storm event and

25:04um FEMA reimbursement's not available.

25:08Um

25:08These [clears throat] ones I bunched

25:09together, so

25:11uh kind of shifting topics

25:13uh

25:14in the same theme of energy

25:15affordability.

25:16Uh you're seeing an uptick not just

25:20in Massachusetts, but nationally with

25:24um

25:26interest in the public power business

25:28model.

25:29Uh so, I threw some of these articles

25:31that

25:32um help frame general

25:35understanding of of the public power

25:37business model across the country. So,

25:39you see San San Francisco

25:41um and Ann Arbor, Michigan.

25:44Uh it seems like it might not translate

25:47to Massachusetts, but they're all

25:48represented by the same trade

25:50organization that is giving them the

25:52strategy to combat public power

25:55um movements, so it actually does

25:58translate because the same trade

26:00organization's behind the scenes

26:04running the strategy effort.

26:06Um and so, [clears throat] in that

26:08theme, uh I just wanted to highlight

26:11what the local one uh the Sorry, what

26:14the local article

26:16uh the power bill divide. If you have

26:18not seen it in Bloomberg, I thought uh

26:20they did a really nice job of

26:22highlighting

26:23um

26:24the difference between

26:26>> Yeah.

26:26>> uh

26:27customer in Worcester versus a customer

26:29in Shrewsbury and the affordability

26:32challenges that the

26:34Worcester side faces.

26:36Um

26:37so that that's a good um read if if you

26:40have not seen that, the links are there.

26:44So then

26:46uh moving forward, you know, we try and

26:48keep an eye on, as I mentioned with like

26:51heating oil prices,

26:53uh I thought this heating oil assistance

26:55article was interesting because if

26:57at least to me, when I read this, I'm

26:59like, "Oh, wait a minute. This sounds

27:02like a very familiar program." Uh so,

27:05you know,

27:06probably unknowingly so, the state is

27:08implementing heating assistance that is

27:12matched matches our program that we've

27:14been offering for

27:16I don't even know for many years.

27:18I don't know the exact number.

27:20Um so, just another one, um you know,

27:23how it compares to Share the Warmth.

27:26Um

27:28now, relating to

27:30last meeting's topic and and the

27:33discussion to come in the agenda, just

27:36threw in some wind generation

27:37statistics.

27:40Monthly wind generation in our region is

27:4268% higher than last year.

27:45Um so,

27:47again, that is

27:48>> jump.

27:49>> This is This is a really big jump.

27:52You know, your last last uh meeting was

27:56offshore. The one we'll be discussing is

27:58onshore.

28:00So, it's a a mix of both types of

28:03construction.

28:05Um another interesting uh tidbit that

28:08we've been following, and I and I

28:09apologize that I can't remember if we

28:11talked about it at a prior meeting,

28:13um but uh there's been activity at FERC

28:16where there was a FERC ruling that the

28:19transmission owners, which are the

28:21investor-owned utilities, Eversource,

28:22National Grid,

28:27gleaned too much profit from the

28:29transmission system, and so they ruled

28:32over the last decade to refund 1.5

28:35billion dollars in

28:37excessive profits to ratepayers.

28:40Um

28:41Needless to say, uh they did not like

28:44that. And so they responded to the

28:48refund with a filing to actually

28:51increase the tariff.

28:53Which to me just seems absurd.

28:55Um but uh

28:58There this is the Massachusetts article,

28:59but all of the New England states

29:02uh have some form of article indicating

29:04that they have not seen these refunds.

29:06They're not

29:07moving very quickly to return this money

29:09to ratepayers.

29:10>> Well, somebody that lives in Shrewsbury

29:12that sees this on the news,

29:14um

29:15do we sell co

29:17uh

29:18have a uh

29:21a part of this in the in the rebates cuz

29:23we we would be a customer of of

29:26So we there's some small portion of that

29:28that so we are back that part of this.

29:30>> Absolutely. Most definitely. So um so

29:33through our uh we have representation

29:36through I mark. So we do have a seat at

29:38the table. We've been long advocating

29:41for this Burke ruling over this decade

29:43of activity.

29:45Uh and now with this ruling

29:49you know, we're the next step is now to

29:52actually get the

29:54uh

29:55refunds delivered to consumers, which

29:56includes Shrewsbury.

29:58So

29:59we were monitoring that. Uh hopefully we

30:02can

30:04you know,

30:05all jointly spur some action to to get

30:07those uh refunds next year.

30:10Uh

30:11My guess would be it'd be sometime in

30:132027.

30:15Um

30:17Let's see. What what's uh

30:19um

30:22Just skipping through here. Uh I just

30:24wanted to highlight the specifics of

30:28heating oil prices again as folks

30:30consider their

30:31uh alternative options such as heat

30:34pumps.

30:35Um

30:36You're seeing prices that are $2 a

30:38gallon higher than last year.

30:40Uh I believe my parents did pay this

30:44average, maybe slightly more than the

30:46$6.12 a gallon.

30:48>> Mhm.

30:49>> [clears throat]

30:49>> Um

30:50so we we I'm sure Patrick would be happy

30:52to help folks run analysis on

30:55you know, the economics of switching to

30:57heat pump

30:58um to combat that $6 a gallon.

31:02Uh and then just uh with respect to the

31:04GTA topic and

31:07um general price prices in the power

31:10markets,

31:11uh you can see here

31:14uh

31:15prices in the real-time energy market in

31:16August of '26 were up 33% compared to

31:20last year. The day-ahead markets were up

31:2214% from last year. So

31:26um just I would take that more as a

31:28general indication of where prices are

31:30headed. It's one supporting factor for

31:33our GTA recommendation

31:35earlier.

31:38Um

31:39shifting gears. Uh so HR, uh some of the

31:43most important items uh of the meeting.

31:46We've uh been continuing to actively

31:48recruit. We have a new employee, Carl,

31:52uh who joined SELCO as the utility

31:54applications analyst.

31:56Um

31:57he's on week two.

31:59This could be week two. So we wel-

32:01welcome to Carl. He sits

32:03uh over by Olivia on that side of the

32:05office, so if you make your way in to

32:08say hi,

32:09>> And what does that NIS stand for?

32:11>> So uh utility applications analyst uh

32:15take uh our our primary enterprise

32:17system like

32:18uh is that NIS? Another acronym.

32:21National Information Solutions

32:22Cooperative. It's our enterprise system

32:25that basically provides the foundation

32:27for all of our financial transactions,

32:29mailings, operations, outage management.

32:33And so he's our primary point of contact

32:36for how that integrates with our

32:37operations, and

32:40uh

32:41the

32:42end functions of the software platform.

32:44Um that needs regular updates. Then

32:47there's a quasi IT component to that,

32:50ticketing, um

32:52as well as any other applications

32:55that need integration with operations.

32:57So, it's it's kind of a

32:59I wouldn't call it an IT role, but it's

33:01basically integrating our software

33:04platforms with how we operate.

33:06>> Mhm.

33:06Very close to Jim rather than

33:08>> It's largely financial. It's a It's a

33:11uh

33:13It's a financial focus, but with a

33:14technology

33:15>> [clears throat]

33:16>> understanding.

33:19Um

33:21So, we have a broadband recruitment.

33:24Um

33:25So, we'll we'll uh skip past that one

33:27until we have a, you know, an

33:29announcement.

33:30Um

33:31But, if you know anyone,

33:33um

33:34the other one I I thought was an

33:35interesting um

33:38tidbit. Uh this has been uh

33:41a

33:41popular request is for cross-department

33:44job shadowing.

33:45Um

33:46you know, other places I I

33:49feel like I've called it a walk

33:51walk in my shoes type of program.

33:53>> Mhm.

33:53>> Um I think this would be

33:55a valuable tool to help people

33:58understand how the operations work as a

34:01whole,

34:02build some camaraderie,

34:05um

34:06you know, general understanding of

34:07self-cooperation. So,

34:09um just something to

34:12noteworthy that, you know, if

34:15if you have feedback or maybe worked in

34:18this personally,

34:19we're open to

34:21um

34:22you know, making the program the best it

34:24can be.

34:26Uh

34:28All right, communications customer

34:29experience.

34:31Uh

34:31oh, there it is again, the Bloomberg

34:33news article. Um

34:36We're working on the stronger together

34:37campaign, which is through the

34:39Massachusetts electric association

34:42municipal electric association of

34:44Massachusetts mean uh want a grant to

34:47help all 40 MLPs in Massachusetts

34:51uh tout the benefits of public power,

34:55what we do for our communities.

34:57Um

34:58some MLPs aren't as fortunate as we are

35:00to have a good communications and

35:02marketing group. Um so this also helps

35:05those smaller munis that don't have a

35:07team to help with that to give them

35:09templates to provide to the community.

35:11Um our uh Olivia

35:14um and I know uh

35:17uh you know

35:19uh others you know other a few other

35:21MLPs have been heavily involved to help

35:23form that campaign. So

35:27So

35:28we have that as a tool and we're

35:30deploying that here.

35:32Um

35:33and then these other events that I know

35:36you're

35:37familiar with fire department open house

35:39house and then

35:41truck or treat was just a couple days

35:43ago and there's still candy corn and my

35:45parking space.

35:47Um

35:49So integrated resources we talked about

35:51the GTA.

35:53Um the past me auction I I

35:56covered the um

35:58other firm ruling you know, but there's

36:01others this capacity auction reform.

36:04Um so we just put that in there so you

36:06can see some of the other

36:08uh

36:09larger issues that we're working on uh

36:12uh behind the scenes.

36:15Uh

36:17And then shifting to electrical

36:18engineering and operations AMI

36:20deployment uh that this one we are right

36:24at the cusp of completion three uh

36:27meters remain for conversion.

36:29I'm not sure how that translates that's

36:3199.99%.

36:34percent [snorts]

36:35>> Every soap kind of thing.

36:36>> You know, we're pretty pretty close to

36:38that.

36:39Um

36:41So and then uh

36:43the sentec I'll just skip to this one,

36:45the Sentech transformer replacement.

36:48Um the new transformer has been

36:50transported

36:52from the National Grid storage facility.

36:55Uh crews have been on site with cranes

36:57and construction equipment assembling

37:00the new

37:01uh the new temp- new temporary unit.

37:04Um and then for the track and to try and

37:07get that online for mid-November.

37:09>> How temporary is it? I mean, we can

37:12>> Probably at least 3 years.

37:14Just That's the [clears throat]

37:16>> the lead time for that.

37:17>> That's the lead time for a new one on a

37:18good day.

37:19>> So.

37:21In that same neck of the woods, uh the

37:23state master plan for Route 20 shows a

37:27roundabout going into Valencia Drive by

37:29the YW- YMCA and another one and then a

37:33couple of street lights and widening of

37:35the road and putting Jersey like they

37:37they put sidewalks and all that.

37:39Okay, but all and that's from I think

37:41Green Street towards Northborough. Then

37:43there's another stage that and

37:45eventually we'll get to the really bad

37:47safety area on the west side of town by

37:49Edgemere, but with that said, uh how

37:51much does the state coordinate with us

37:54because we I mean, we've got poles

37:56running up and down Route 20 and and

37:57also for broadband and whatever to try

37:59and get in underneath the roads while

38:01they're doing the conversions or or

38:03we're going to go over the top and you

38:04know, the lead time and that sort of

38:05stuff. Bottom line is what sort of

38:07coordination are we doing right now on

38:09this whole master uh improvement of

38:11Route 20?

38:12>> That's a great question. I do know the

38:13team is in communication with MassDOT.

38:18Um

38:20and they're engaged in that process

38:22where

38:23they

38:25create the project, reach out to us,

38:28we survey what infrastructure is

38:30impacted, come up with a a cost for

38:33um

38:35you know, modifying our infrastructure

38:37to comply with the construction plans,

38:39and then we provide that back.

38:41Uh I believe that is where we're at.

38:44We've compiled the cost, we've submitted

38:46it back.

38:48And I believe that's where we stand

38:49today.

38:50>> Of course, we have to front the money

38:52and then reimburse us.

38:53>> Yeah, and

38:54and and of course they say in the start

38:55and you know, the end of this year to to

38:57on these things and

38:59I don't see that happening, but I could

39:01I could be wrong.

39:02>> Yeah.

39:02>> And they don't think so.

39:04>> I'm sorry.

39:04>> Um but to your point and that that's a

39:07good point about fronting the money.

39:09That is something we also monitor

39:11because if you have a substantial

39:12project that impacts our

39:14>> trunk lines

39:15>> fiber optic, you know, cable. I mean

39:19that could be

39:20over the duration of the whole project.

39:22I mean that's two that's a couple

39:23million dollars.

39:24>> At least. Yeah. I mean it's

39:26the the whole master plan kind of grows

39:29all the way down Route 20 and you drive

39:31down Route 20 and we get utility poles

39:34all up on the north side all the way

39:36down and they begin to expand to four

39:37lanes and five or six lanes at South

39:39Street. Um yeah, something's got to got

39:42to give and then and it's going to

39:43become out of our pocket for a while.

39:45>> Yeah.

39:46>> Plus it's a lot of um administrative

39:47work on our team because it's the state

39:49so they have all these requirements for

39:51documenting and we have to do it

39:53correctly and in triplicate to get every

39:56dollar back. So it's it's also, you

39:58know, another type of project for us,

40:00too.

40:01>> [music]

40:01>> Sure. Forgot a comma, I guess you don't

40:03get your million dollars.

40:04>> Yeah.

40:04>> Yeah.

40:05>> Exactly. But we're on top of it, don't

40:07worry.

40:07>> Yeah.

40:09Okay. Well,

40:11>> Uh

40:12>> Yeah. So that um

40:14That was the big one for Sentech. Uh

40:17There's some other uh field operations

40:20that you might see crews out and about

40:22working on.

40:23Um

40:24A big one

40:26Uh

40:27a big one as in terms of importance is

40:29the 5 kV conversion, upgrading that

40:31older infrastructure across town.

40:34Um so you have the first year ave area,

40:36but more generally that is one we just

40:38continue to chip away at different parts

40:40of town.

40:40>> How far are we done along?

40:43>> Oh, we're pretty far.

40:44>> Uh

40:45>> Geez, if if I may try and come up with a

40:48percentage. Probably 75%

40:53converted.

40:54So that's that remaining 25 that we're

40:58just continuing to chip away.

41:00>> And we submitted a grant to I think it

41:02was in the highlights last month. I

41:04don't know if you talked about it, but

41:07It was It was the state Was it CUC?

41:10>> I believe so. Grid reliability. Grid

41:12reliability to put some on the ground.

41:14>> Yeah, exactly. So the whole angle of it

41:17was where are we going to bury in the

41:18grid? So let's pursue some of the state

41:20on the ground on that topic. So

41:22hopefully we'll get that to

41:24help us out a little bit.

41:26>> Yeah, all the improvements up by Glenn

41:27Clinton and whatnot. You know, all that

41:29development. Is that all underground or

41:30is that

41:31>> Uh yes, it

41:33>> All the new development is it

41:34>> I believe it is.

41:36That's some of the challenge.

41:38Just to not to take up a lot of your

41:40time with with this

41:42topic, but

41:44Johnson substation on Municipal Drive

41:47and Logan

41:49over by Wolf Fab, those are 4 KB

41:52substations.

41:54Part of this is they're

41:56getting older. And so these upgrades

41:59also help

42:00us reduce the load on those substations

42:04and um

42:06And so there is some time sensitivity

42:08there. We can't You you know, so

42:10undergrounding obviously takes longer,

42:11so we have balanced just overhead

42:16one-for-one replacements with strategic

42:18like the ground type of situation where

42:20we can underground certain areas that

42:22have high value.

42:24But we're trying to move that relatively

42:25quickly cuz those substations aren't

42:27getting any younger.

42:28>> So those [snorts] substations that are

42:29getting upgraded to this higher voltage

42:31with the new transformers and all that

42:34are

42:34>> So they're

42:35>> not going to be retired, are they?

42:37>> Uh

42:39So the short answer would be no.

42:41Um

42:42the

42:43current discussions are shifting that

42:46load to our 15 KB class equipment that

42:50exists already at Ralph and Sentech.

42:52Um but what is really unique and we

42:55perhaps talked about [clears throat]

42:56this in other

42:58subjects.

43:00We have the 69 kV transmission class

43:03cable that goes to Johnson. So that

43:05actually presents an opportunity to use

43:07that for other ways. So it might not be

43:10upgraded

43:11for distribution. It actually might be

43:13upgraded for transmission.

43:15Um but those are things that are still

43:17in the works.

43:22Um

43:24broadband Um

43:27You can just skip over that.

43:29Uh

43:31No.

43:32So broadband um

43:34So they again I have to give credit to

43:38the construction team on this. They

43:40continue to make significant progress on

43:42on the fiber conversion.

43:44Uh we've shut down several initial

43:46nodes.

43:48Um

43:49The

43:50uh there's the two customers remaining

43:53from the previous round. So again just

43:56without going into specific nodes

43:58numbers um you know, there's a lot of

44:01progress being made there. And um you

44:04know, I I think it it follows suit. AMI

44:07is wrapping up, fiber is wrapping up. So

44:10it's really indicating that our system

44:11is

44:12um just keeping pace and exceeding pace

44:15if you will with the modernization

44:17efforts of the utility sector as a

44:18whole.

44:19So it's a testament to the team to get

44:21these big projects completed.

44:23Um and then

44:25uh to support the the poles and cabling

44:28aspect, we have the network improvements

44:30that have been completed.

44:32Um

44:33this also includes

44:35uh municipal buildings which we

44:36highlighted there fire HQ, fire station

44:39two.

44:40Um and then on top of that we continue

44:43to work on speed increases, band

44:46bandwidth increases. Uh so there's all

44:49those aspects to then leverage the

44:51infrastructure that's being built out.

44:54Um

44:55so then with with that bandwidth and the

44:58ability for users to basically,

45:02you know, uh leverage those speeds in

45:04whatever form they'd like to do so, we

45:06have customer-facing tools that we uh

45:09are continually reviewing and attempting

45:11to implement. Um there's this community

45:14Wi-Fi uh feature that we're

45:17uh looking to deploy.

45:19And um and so our teams working on the

45:22system configurations for that.

45:25Um

45:26So that would, you know, things like,

45:28for instance,

45:29um

45:30but I'm not saying this is a tomorrow

45:32situation, but community Wi-Fi would

45:34enable, if you're a Selco customer and

45:37you're

45:38um connected to the system, you

45:40basically will have that connectivity

45:42wherever you are in town. That's the

45:44goal. So no more cell phone dead zones,

45:46you know, perhaps Wi-Fi calling, things

45:49like that. Like as we look to the

45:50future, those are some of the benefits

45:53that we're looking to implement as

45:55leveraging our our

45:58Wi-Fi capability and our bandwidth

46:01and speeds.

46:03Um

46:04and then

46:06uh just on fiber build-out itself, uh

46:08construction you'll see AML run.

46:11Uh that's the new development with 200

46:14units. That's near completion.

46:17And uh

46:19we're we're

46:21continuing to chip away at the

46:22multi-dwelling units.

46:25To to

46:26complete the 100% build-out of fiber

46:28just

46:29uh across the whole town.

46:32Um and then last but never least, uh IT.

46:37So those are just some of the IT

46:39projects we're working on updating

46:41security cameras.

46:43Um

46:44and then we had Microsoft release a

46:47patch that broke Wi-Fi.

46:49Um so our team's trying to figure out uh

46:52how to get the Wi-Fi back.

46:56We

46:57appreciate Microsoft's uh

47:00>> you know, making

47:01our lives interesting.

47:03Uh

47:04projects.

47:05And then uh we continue to work heavily

47:08on cybersecurity. You know, that's

47:09another field um

47:11field of

47:13uh

47:16I guess continuous evolution.

47:18Um so we can we're reviewing our

47:21internal policies, how we deploy devices

47:24to uh employees.

47:26Um

47:27just to to reiterate a point from

47:29before, we had an outside consultant

47:32test our

47:34procedures, our systems, and basically

47:38try and identify any vulnerabilities we

47:40have so we can address those.

47:42Um so we've been working on a follow-up

47:45plan that stemmed from that audit.

47:47Uh

47:49And so one of those, you know,

47:52fundamental uh

47:54features is multi-factor authentication.

47:57Um it's not, you know, adding security

47:59doesn't always add convenience. Uh it

48:01takes me 17 steps to get into my

48:03computer now, but it's locked down.

48:06Um

48:07but uh but no, multi-factor,

48:09[clears throat]

48:09it's really not bad. Uh so multi-factor,

48:12we've implemented that.

48:14Uh we are, you know, something

48:18that's coming in the very near term, for

48:20instance, is no longer allowing um Selco

48:24So we're right we are uh they are Google

48:27platform.

48:28No longer allowing

48:30um

48:30Shrewsbury MA.gov accounts to be logged

48:33in on personal devices.

48:36Um we're seeing that's a major

48:37vulnerability where, you know,

48:40people can use their personal devices

48:42however they see fit, and that includes

48:44clicking on links that we have no

48:46control over, and then those links, when

48:48combined with the Selco login,

48:50provides an intrusion point for our

48:53corporate network. So we're starting to

48:55try and shut those potential risks off.

48:58>> Well, thanks, man. Good to see you.

49:01>> Those are things that again

49:04in the interest of time not to go

49:05through each of these, but we'll work on

49:07those including

49:10you know, these security enhancements.

49:12So, IT is very busy um

49:15even though they largely work behind the

49:17scenes.

49:18Uh and then their support metrics. I

49:21like that they

49:22uh can add that to the report. That way

49:25we get

49:27to highlight how

49:28it just the spoiler alert is they're

49:31very efficient at resolving tickets.

49:35Um for those that are interested in

49:37statistics, you can see the the um

49:41source of the tickets and how quickly

49:42they're resolved.

49:44And so, a credit to them, they do a

49:46great job and

49:48um

49:49my personal goal is to be the person to

49:52submit the least amount of tickets. So,

49:53my

49:55Okay.

49:57So, that's it?

49:58>> Well, thanks.

50:00Um

50:02We're going to be going to executive

50:03session, but before we do that and and

50:05coming back out of the executive

50:06session. But before we do that, we want

50:08to schedule the next meeting. And right

50:11now it's proposed to be Tuesday,

50:12November 17th. It would normally be the

50:1524th, but that would be 2 days before

50:18Thanksgiving and we got to get home and

50:20get the turkeys thawed out. So,

50:23we're going to be proposing that

50:24November 17th would be the the next

50:27meeting.

50:28So, everybody can Yeah. That meeting

50:30would be

50:31>> I'm unable to attend.

50:32>> You cannot?

50:33>> I cannot.

50:34Sorry.

50:34>> Okay.

50:35Is it something I said?

50:37>> I'll be in California.

50:39>> Oh, well, well. Okay.

50:42She getting into an electric car.

50:44>> [laughter]

50:45>> I'm going to take advantage of the

50:46rebates in California.

50:47>> I heard about that. She's going to get a

50:49buy a car there and drive it out.

50:51>> [laughter]

50:52>> Okay, but uh

50:54>> It's [snorts] going to be

50:54>> Okay.

50:55>> It's That's already on the schedule. So,

50:56that's already on the

50:57>> Okay. I just want to make sure we're all

50:58set and then we'll go.

51:00Good enough. So, that the next thing is

51:02uh

51:03to move going to executive session and

51:05then we're going to come back out of

51:07executive session. But the reason we

51:09want to go into executive session is to

51:12uh is pursuant to Mass. General Law

51:14Chapter 30A Section 21 10

51:18to discuss trade secrets or

51:19confidential, competitively sensitive,

51:22or other proprietary information

51:24provided in the course of activities

51:26conducted by a governmental body as an

51:28energy supplier under a license granted

51:31by the Department of Public Utilities

51:33pursuant to General Law Chapter 164

51:37Paragraph 1 Foxtrot MMWEC Special

51:40Project 2026 Bravo.

51:44So, do I have a motion? You have to do a

51:46roll call but to go into executive

51:48session and to then come back out of

51:49executive session. So, I just this

51:52against all of them there. We have a

51:53second on that.

51:54>> Okay.

51:54>> Second, sorry.

51:55>> Okay, and a roll call, Tony?

51:56>> Yes.

51:57>> Yes.

51:58>> Yes.

51:58>> And Bob Holland, yes.

51:59>> Okay, thank you.

52:05>> The time is

52:079:07 and we've just come out of

52:09executive session into open session

52:11again after reviewing an MMWEC Special

52:14Project 2026 Bravo. And we need to

52:19vote on to participate in Project 2026

52:23Bravo and allow the general manager to

52:25sign and execute the

52:28public where the purchase power

52:29agreement documents. And then we

52:31recommend the committee uh

52:33With that said,

52:33>> Mhm.

52:34>> uh

52:35Just as background for folks that we

52:36discussed buying onshore

52:40wind power being supplied from Maine

52:43from an already established provider

52:46which we deal with uh

52:48and you know, it's just going to be an

52:49increased amount of uh electric power

52:52power generated by wind uh to a point of

52:55almost almost two two and a half percent

52:58of what we overall power demand. And we

53:01have very favorable rate now

53:03consideration.

53:03>> Mhm.

53:04>> Okay. Is there anything else I should be

53:06adding to anybody comments? And if not,

53:09we'll take a roll call vote to just to

53:10verify we give a motion to to approve to

53:14uh participate in special project 2026

53:16Bravo.

53:17>> Second.

53:17>> Okay.

53:18>> Tony?

53:18>> Yes.

53:19>> Okay.

53:19>> Yes.

53:20>> Yes.

53:20>> And Bob Holland, yes. Okay, uh we have

53:23approved the

53:24the Selco should go forward with the the

53:27working with them work for special

53:28project 2026 Bravo.

53:31With that, we've already agreed that the

53:32next meeting would be Tuesday, November

53:3417th at uh

53:36at 8:00 a.m. And with that, we have a

53:38motion to adjourn.

53:39>> So moved.

53:40>> Second.

53:40>> Second. All in favor?

53:41>> Aye.

53:41>> Aye.

53:41>> Thank you very much.

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