opportunities again to continue down that path again to advance the climate action plan goals and so coming from that the anticipation options we will have available to us to vet will be more wind solar biomass and nuclear and so sitting through that presentation they went through more detail some of which are covered under an n d a so it's another one of those power supply things were feel free to call i can give you more information on that but i think that will is also on the agenda is going through the st wave of power supply changes with the upcoming l back discussions also are waived to so i think important for those knowing those opportunities are coming down the pike will be important to make to align our power supply to make sure you know we can evaluate whether or not those opportunities are consistent with what we're looking for you know namely i mean wind and solar those are pretty much pretty straightforward but biomass a new killer start to muddy the waters a little bit and so i think working through the power supply will  help make those clarifications i met was standard and poor's last week to provide the necessary information for a credit rating for bella lite so they really were interest in the cost of service agencies but i think since we use movies as a community and we include the light departments and entrails in our overall financial typically and through the credit rating for the town which had been aaa since i've been sitting on the board for decades maybe it get like a print out of the ratings and we get the rating from moody's floyd sends us the actual rating in the reasons why it has all the background all the information and all that and i've never seen the belmont light actually either be the radio document quest will they be updating their power so i have that in my inbox i haven't read it yet but i can for that around to i mean right when moody's is doing our reading you know government i mean unless there's some specialty running then related to power they don't there it just be a matter of just inertia from prior years and probably the absolute we can look into that church kind of switching into the topics that are also on the agenda you may or may not be aware i was a panelist on the b h s energy summit and that was on october th so some of the key points that i'm hoping to touch upon later in the agenda but really talking about strategic electrification and the role we can play with zero net energy on a broader basis right you know we hear a lot about it in the context of the high school but there's really a larger picture behind that and so that that's incorporated into the next gen item but that message was also conveyed at the energy summit similar to that and we held the an ice cream how almost like can function as an entity to really help belmont as a community means goals and so that was a success and that was actually was a lot of fun that the questions were unbelievable  climate action network again on the broader topic of strategic electrification the role of public power in that and and basically how all that comes together to meet our climate action goals especially that you know particular porn is a large part of the answer to our climate issues and so through the power we use and interpol exactly to save our choices here in the community what we sort of purchase exactly exactly so that'll be saturday pictures that just demonstrates the crews out there we received a nice message from the crew supervisor today just saying that he you know our folks have really demonstrated some superior aptitude out there so really week you know not only is it an opportunity for belmont to contribute to the community and the help of the community in need it allows us to be part of the reciprocity that if we were to ever need something similar it's available but you said it also creates great training opportunities for some  right next question topic will be a discussion in vote on the update to our power supply policy so just a little bit of context for anyone who's watching at home because i think everybody in the room is well familiar with this but this was a topic that came up a couple of months ago when we were talking about some of our recent power purchases and there were some questions about updating and bringing a power supply policy in line with our current practices and perhaps addressing some of the sort of inconsistency that  had emerged between some of our approaches and what was in the policy so the light board asked al back to take a look at this and work closely with you chris as i understand it to put together an alternative updated power supply policy so steven ralph who want to join us up terminology over energy capacity and what is what they're hedging around the house so i mean chris can this is primarily chris's language what you see here the red line i'll let him  you like i can i'll skip over just the typographical type of changes and stick to the larger themes so with with portfolio supply section big changes that last sentence or it so that the term power consist of three distinct portfolios energy capacity and renewable energy credits and so that is i think of one of the key changes to this where we had energy and capacity but in again to tie back to the climate discussion we just had it's the renewable energy credit market participation in that is what will our was to bridge our gaps from the concrete power supply contracts in the climate action plan goals so similar to an energy portfolio we were looking for of the latter or staggered approach for acquiring new contracts as old ones expire we would do the same thing with renewable energy credits these wind solar and other opportunities that we are seeking out actively as they become available you just explain i mean i guess for me again i just generally for the viewing public what happens when you purchase a rack how does that help sure so a wreck any time like a clean generator produces a megawatt of power you're assigned a financial search if a kit that has a serial number associated with it haven't really engaged with concrete you couldn't drive to new hampshire and see a facility built so it's really a financial mechanism to incentivize development somewhere in the region and so as those get developed and then we tired the record basically means you've taken a serial number and taken it out of the market and so some folks there you know there are many different passionate debates and how to treat all of these attributes but in theory what you could do just to talk in extremes really was you could go out and buy all coal power and then you could buy all racks and you would be in theory classified as green because you bought the certificates but that's not necessarily the intent so likewise you could buy all solar and then sell all the rocks to someone who's buying all coal so in reality you've now allowed to that coal facility to get away with investor owned utilities in the state are required to buy an increasing percentage of them every year so that creates a market for them and to the extent the retire one that increases the cost of them which further incentiv you're not depending on what the goal at some point is for us not to do x and we're correct it's it is the way we purchased correct just get more branded wind and just go straight to the producer exact buy the power and get out of the record thing clarification there's no some sort of change we look for an eighty percent hedge and with certain number of contracts same with capacity in the next paragraph and then and then the rest of the rest of the document and we talked about some of the big changes really with that is a couple of just word changes and moving things around the other big one i wanted to just highlight just change that to fifty thousand megawatt hours of power because eight megawatts of solar megawatts of gas that they're not equivalent it's very hard to use that for any decision making purpose everything is measured  right and the rest are or are smaller and then just so to know last week's meeting i was just looking to introduce someone of a round to those of updates to this simple as is this is a went there to this paragraph pull out the tables of reference to plug it in that way people don't have to go to the d p website figure out what does this mean look at the other one thousand pages of documents in there and this generation options on the incinerator site in preparation for our thursday conversation which is a community conversation around future uses for the incinerator site one of the discussion topics is is solar and opportunities solar so i thought it might make sense for chris to discuss with this this group a little bit of the options there that potential and help ensure we had an important conversation good so frank thank you for making an effort to do that for my came to mind also with the with the high school energy form where you know there are news you know if you see things on the news and you have a lot of folks that work with ious on school projects building projects architectural projects right and you know for argument's sake call it you know nine out of ten times those projects are all with investor owned utilities and so when you hear them speak about you know the  projects and the revenue streams and the impacts of the community a lot of times those comments i think in most cases are unknowingly biased towards how it works with an iou territory and so why why this is important here is because different than say a town neighboring community cambridge watertown with out and i'm healthy if you enter if you're looking to develop a site for generation  you have one opportunity to get that revenue from a developer and then their offer goes into the our your portfolio and it's done so you try as much as you can to squeeze that funding and economic development funding from the developer before they disappear and you leave lose control over the situation so different obviously in a miniscule like point is it's one in the same and so any cost so why is this particularly important for the incinerator site because it's in or out of sight we've talked about a lot about the cap and talking with there and hearing from floyd over the last couple of weeks it sounds like the figure that's being bounced around a seven hundred thousand dollars short for capping and so the key there is any funds that we and to contractual arrangements for a developer obviously are going to be recovered through whatever revenue streams they have and so in this case for generation that's the energy and power supply which you know belmont light would be procuring and so breaking that down to a more concise version there are really two documents for any generation source solar or otherwise on the site that produce revenue for a general fund and that would be the ground lease and the tax payment for for the facility and so those are two dollars big revenue stream say just speaking for solar s mentioned because there's no other products you lease the land and then you tax sensually what is the value of that development those are your two sources the then the on the flip side the other benefit to the community is whatever the energy rate is they procured from the solar site so then introduce storage and then on the energy side now you're participating and you know the peak shaving and othe r markets frequency regulation and other think other financial markets that then can translate to benefits to the ratepayers so again big difference those now those two entities are one of the same with  done i think there were two years call it eighteen months two years ago fractal report for solar plus storage analysis and a hypothetical site what does that do for revenue so in similar fashion we're looking to tailor that to what would what mechanisms can we employ because all of a storage introduces other revenue streams that could potentially be used to fund the shortfall in the cap so the way you know the way i look at it is when you see the seven hundred thousand dollars so if we built a generation source on the site and we injected another seven hundred thousand dollars of expense to the project can we recover it and how can we recover and so that's the study we're looking to engage with solar design associates on because with solar alone you really can't do it i mean it's basically energy price and roughly speaking you know any any ten thousand dollars of  solar project incurs that's a penny out of to that sort of price so it's really you can't do it the key to the whole thing is the storage because you are the storage is in the financial markets that provide additional revenue streams that can be manipulated you know to produce a return so we're you know i don't have this piece of figures but that's what we're looking to get so with a parcel solar the tax credits are changing there are now import tariffs on solar models so so with out the revenue sources of storage it still works but it's it's not as the guy who develops the saw from you sees someone else does are correct but maher i think specially you know looking at our specific case the capital outlay to just build it with i had the part that is perhaps discouraging as relates to that is that if i understand correctly the solar energy that we could generate there may not produced sufficient revenue to cover the cost of the cap right we may not be able to find a developer that's willing to incur the cost of the cap even for access to the solar generation if that writer is correct and so just to throw  actual numbers if you'd like for the landfill project i was i worked on again with this paradigm between general fund versus enterprise fund being the same folks in an m l p situation the ground leas based on the value of the array but that was forty six thousand dollars a year so that so those were the two financial mechanisms going into the general fund that resulted in a compelling again because i can't say it but a compelling energy price for the m l p portfolio those are those are your big three dollars contracts so ground  e tax payments p p a and so when we say one hundred percent solar for the site would it be more feasible to do it as one hundred percent storage yes or even because i mean we you know you could say that's part of a storage unit would give you more capability to do multi uses on that site whereas the solar array the one mega takes takes the whole thing i mean they go our goal was to get a post closure use chosen by factor i mean it's a big number in the building and if we define built a park no one's paying for the cap but us and we don't have the money if someone could we could get the park and someone to pay for the cabin be awesome i think that's exactly right so chris can you over the next few weeks they engage them they  engage them to help us work through this and run this down absolute with your support we can make it happen if you come to spain and making a presentation about the solar choice for thursday night form i was not i was just intended i figured it was public i guess i wasn't entirely sure on the on the format so i didn't necessarily think i think the form of the pretty much what we did last time except we're not instead of them the whole universe of uses to discuss we're going to just talk about five of which one th of them are you so you know i don't know who else what explain it if you're not there to explain it so it would be helpful if you i mean i'm not asking about slides together or anything but if you were there to sort of just give a summary of what you just gave  you can bring up this you know it could be solar farm solar generation solar storage a combination of the two and we in europe were going to get the solar cell seats to look into it sort of thing you know down to commit to anything but at least to give the public some information there's also another consideration you had mentioned which is even if we were to get pursue the aerobic type jester one part of that financial model includes energy generation as well right and you had talked about  some constraints with our project see being completed there are still some substation constraints in terms of capacity so you could talk about that as well i guess so stick around for the just your discussion sure they'll be great or any other questions and so my thought here so having we have the casa service study presentation and stemming from that was some questions about how to implement some of the great suggestions so that's thought on in mind it became more and more clear to me that really what i think would be helpful in this situation is to have an umbrella policy make a strategic plan that says why are we making decisions why do we what does  an increase fixed charge do for us in terms of an ultimate goal what you know in theory i mean why blue stevie's why why support you know why introduce a new program content so this would be the umbrella document to say all the citizens in actions that we have are advancing these goals and so that was that was the theme that we tried to answer a year ago and i provide this as an example but again the lo to talk to that a little bit more slide five is really one of those key slides that says what our goals so this is the big the big picture right most of them i find to be the common sense type of things maintain system reliability you know does a really need to be stated somewhere but it is helpful to have it because you can set metrics against it because there are some that aren't that reliable so it is a good metric to have so all the ones that are available these are the ones that were chosen for this particular group that holds true for many of the themes that i think that we're trying to accomplish here so this is an example just purely an example that we could update because  get to a few other sides but a lot of this work has already been done and a lot of this work is ongoing through the energy committees roadmap and so you know benefit number three or four whatever one rat is it ties together the efforts of the energy committee it ties together with the missions the mission of belmont light in a ties together the climate action plan so you have all these things going on this is this clarifies why are we're making each decision and so so you see those are the big six  and all these were a result of some passionate discussion so i'm i'm please don't take it as a suggestion as to the public ok so the process to create this sensually  we have a lot of these numbers and what we did was we this was a presentation to the board and then with the subsequent i think it was three public hearings and so there was a draft and the draft was then evolved with the input direct input i mean that's yes time yes it's a good thing but i also think it's actually a very useful tool for guiding a lot of our decision that if you take off or take slide six i mean it's a nice graphic it shows like the card you know why why you these are reference for forever and i think this is a really good exercise i think of a really good thing to pursue but the freeman yes ok so chris could we ask you too and i'd be curious you sort of discuss them and a lot of time and effort it's you know and then officially hopefully to your team as well because you have a set of guiding principles and strategic goals that you can work towards when you're doing it and i think it's a great idea let's do it come for i love this idea about the possibility of soul from the always been intrigued by it if it can be done in storage or otherwise and then maybe some combine something else would be ideal because storage pieces is clever i hadn't thought of that that's a really that's a really good idea after the april twenty one thousand dollars election computer would become chair down to be vice chair of the board of selectmen daf said you don't want the chair to be in the rd year of their term to prevent manipulation of the agendas politically that's what i've sa calendars to that meeting and take care of that so with that a motion to adjourn so moved back of all in favor i thank you