Tuesday, February 7, 2012
Final additions to Article 2 allows for talks with NSTAR, caps bonding authority to $53.7M.
The Belmont Light Board dotted the 'i's' and crossed the 't's' as it added wording to the measure going before Special Town Meeting tomorrow, Wednesday, Feb. 8, that will authorize the sale of more than $50 million in municipal bonds to create a new electrical substation. The Light Board – made up of the three-member Board of Selectmen – approved Monday night, Feb. 6, an amendment to Article 2 to allow the Selectmen to negotiate with utility-giant NSTAR on its offer to continue working with the town's independent electric company as supplier to the current 13.8 kilovolt system. The design, construction and installation of an electrical substation will be determined by the Light Board "after due consideration of all options including but …
42.39627
-71.17714
Belmont Town Hall
455 Concord Ave, Belmont, MA
/articles/light-board-adds-wording-to-substation-article
157295
/locations/6332116
Friday, February 3, 2012
Financial watch dog gives OK to bond $53.7M, asks selectmen to negotiate with utility giant.
The last-minute insertion by energy giant NSTAR into the four-year debate on building a new electric substation has thrown a curve into the vote before the reconvened Special Town Meeting on Wednesday on the town’s largest capital project in decades. Representatives at the meeting Feb. 8 will not only be voting to approve a $53.7 million bond authorization to purchase land on Flanders Road and build the electrical substation, but will now allow the Belmont Board of Selectmen to negotiate with the electrical and natural gas utility monopoly on the continued use of the current electrical standard, the 13.8 kilovolt system. “It is a surprise that they came forward" with an offer, said Ralph Jones, chairman of the Light Board and Board of …
42.38652
-71.17051
W. L. Chenery Middle School
95 Washington St, Belmont, MA
/articles/last-minute-surprise-nstar-enters-substation-debate
157120
/locations/6311858
42.39531
-71.15736
25 Flanders Rd, Belmont, MA
/articles/last-minute-surprise-nstar-enters-substation-debate
/locations/6311859
Friday, December 23, 2011
Selectmen suggest a review of the utilities' annual payment to the town in February.
The Belmont Light Board approved a $650,000 payment in lieu of tax (PILOT) from the Belmont Municipal Light Department to the town at the board meeting Monday, Dec. 19. The Light Board – made up of the town's Board of Selectmen – indicated that it is likely they, in their selectmen role, will be reviewing the current formula used to calculate how much the town's non-profit utility provides to the town. "The formula is up for review this coming year ... and I anticipate we will revisit the current policy," said Light Board member and Selectman Mark Paolillo, who added that he expects a February meeting to discuss the matter. "There is no prediction the way we will go when we meet," said Paolillo. Under the current PILOT formula negotiated …
42.389682
-71.182587
Belmont Municipal Light Department
40 Prince St, Belmont, MA
/articles/light-department-s-pilot-lands-650k-to-town
230754
/locations/6065358
Wednesday, September 28, 2011
Will set dates in November, January to present proposal to public for $50M plant.
The Belmont Municipal Light Department will be presenting its case for a new $50 million electrical substation at a series of public meetings before a critical Town Meeting vote this January, James Palmer, general manager of the Light Department, told the Belmont Light Board – made up of the Belmont Board of Selectmen – on Sept. 26. Palmer said the department is scheduling a single meeting in November and three in January for the public to hear and ask questions concerning the need to increase electrical capacity to its 11,000 customers. The general manager told the Board his department is close to finalizing the project's total costs as well as nearly closing on the purchase of the Purecoat North plating facility on Hittinger Street …
42.39627
-71.17714
Belmont Town Hall
455 Concord Ave, Belmont, MA
/articles/light-department-prepares-to-sell-substation-plan
157295
/locations/5477652
42.389682
-71.182587
Belmont Municipal Light Department
40 Prince St, Belmont, MA
/articles/light-department-prepares-to-sell-substation-plan
230754
/locations/5477653
42.39511
-71.159609
Purecoat North
39 Hittinger St, Belmont, MA
/articles/light-department-prepares-to-sell-substation-plan
156938
/locations/5477654
Waverly Watchdog
12:00 am on Wednesday, February 8, 2012
It's time the Belmont ratepayers were the primary concern, not the Selectmen's schemes to extract indirect PILOT payments from the non-profits in town, via the increased commercial electric rates and the increased Return on Plant that the substation wiould allow. Belmont is already paying over $2,000,000 per year more for electricity than NSTAR customers would be for the same usage. That will … more ›