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HomeMy WebLinkAbout2008 Minutes BWL 1 Approved by the Board: January 27, 2009 MINUTES OF iTHE BOARD OF COMMISSIONERS' RESCHEDULED MEETING LANSING BOARD OF WATER AND LIGHT Tuesday, November 18, 2008 The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran(teleconference), Tony DeLuca, Semone James, Peter Kramer, Tracy Thomas and Sandra Zerkle. Absent: Commissioners Frank Lain and Julee Rodocker. The Secretary declared a quorum present. Acting Chairperson Zerkle called the meeting to order at 5:35 p.m. APPROVAL OF MINUTES Motion by Commissioner Kramer, seconded by Commissioner Thomas, to approve the minutes of the regular meeting held September 23, 2008 and special board meetings held October 16 and 29, 2008. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT. ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. COMMUNICATIONS Card received September 25, 2008, from Ann L. Andrews concerning proposed BWL coal plant. Received and placed on file. Card received September 26, 2008, from Eric W. Crosley concerning proposed BWL coal plant. Received and placed on file. Board Meeting Nov. 18,2008 Page 3 of 19 Public Comments There were no public comments. BWL Cash Investment Update Susan Devon, Chief Financial Officer gave an update regarding Board of Water and Light (BWL) cash investments. Excess cash is invested in qualified financial institutions in short and intermediate term fixed income securities. The primary investment objective is to preserve capital, provide liquidity and earn interest. The BWL follows the Operating Cash Policy Summary and the Investment of Surplus Funds of Political Subdivisions Act 20 of 1943. A securities log spreadsheet that detailed the BWL's security accounts, investment amounts, interest rates/yields, maturity dates, interest amounts, financial institutions and investment types was distributed to the committee members. As such, the committee discussed the designated funds, the decrease of commercial paper investments due to increased risk, and the BWL's desire to maintain diversified monetary funds. In response to a Commissioner inquiry, Ms. Devon noted that the BWL could invest a maximum of 3% of assets or$25 million in any one particular institution. It was also noted that LaSalle Bank and National City are the BWL's depository banks. Susan Devon and staff met with National City representatives in light of the current financial environment to help ensure access to its account. As such, a Sweep Account was created to ensure that when funds reach a certain amount they are swept into a mutual fund account to earn interest and provide access if needed. The BWL is also depositing customer checks at Bank of America and then wire transferring them to National City in order to reduce the number of float days. In response to another inquiry, Ms. Devon advised that there is a net gain of interest on the mutual fund relative to the cost of the sweep and wire transfer transactions. Following further discussion, the Commissioners commended staff for their proactive efforts in the management and safeguarding of the BWL's cash assets. Other Bargaining Unit Contract. Commissioner Zerkle reported that the IBEW Local 352 bargaining unit contract negotiations are going well and appear to be coming to an end. After the contract is presented to the union body, union representatives will then ask the Board of Commissioners to hold a Special Board meeting to ratify the contract. The current contract is set to expire November 1, 2008. There being no further business, the meeting adjourned at 9:29 a.m. Respectfully submitted, Frank Lain, Chair Executive Committee FINANCE COMMITTEE October 14, 2008 Board Meeting Nov. 18,2008 Page 5 of 19 Update on Internal Auditor Selection Michael Flowers, Human Resources Director provided an update regarding the Internal Auditor selection process. As such, a request for proposal (RFP) to hire a firm to provide executive search services was sent to nine different vendors in which six responses were received. The vendors were rated based on their responses to the questions contained in the bid packet. Following brief clarification regarding the vendor's fees and expenses, Mr. Flowers recommended the selection of Global Business Resource Group Incorporated due to their scope of work, communication, past experience and quality of work. Subsequent to discussion regarding the cost differential between vendor fees and expenses, the Finance Committee took the following action: On motion by Commissioner Lain, seconded by Commissioner DeLuca, the Finance Committee moved to award the RFP for the Internal Auditor Executive Search Services to Global Business Resource Group Incorporated. Abstain: Commissioner James. Action: Carried unanimously. Additional Comments: Mr. Flowers noted that he would move forward and provide the Finance Committee with an update next month. In response to a Commissioner inquiry, Mr. Flowers also noted a 30-60 day selection process. Commissioner Kramer advised that there had been varying opinions from different Commissioners over time regarding the Internal Auditor position. As such, he asked the committee members if there were any particular qualities or qualifications of importance that the search firm should be aware of as they move forward in the process. Commissioner Kramer also indicated that he wanted all of the Commissioners to come out of the process buying into the qualifications of the individual and knowing that it is the right choice. In response to Commissioner Kramer's inquiry, Commissioner James advised that she would like to see highly qualified and able candidates. Commissioner Lain noted that he would defer to Michael Flowers expertise in this area. Commissioner Cochran suggested the review of prior materials and criteria used in the previous internal auditor search process. There being no further business, the meeting adjourned at 4:47 p.m. Respectfully submitted, Peter W. Kramer, Chair Finance Committee Board Meeting Nov. 18,2008 Page 7 of 19 MINUTES BOARD OF WATER AND LIGHT PENSION FUND TRUSTEES' ANNUAL MEETING Tuesday, November 4, 2008 Present: Trustees Robert W. Cochran,Tony DeLuca, Semone M.James,Frank Lain,Julee M. Rodocker and Tracy Thomas. Absent: Trustees Peter W. Kramer and Sandra Zerkle Staff Present: General Manager J. Peter Lark, Executive Director and Chief Financial Officer Susan Devon, Human Resource Director Michael Flowers, Interim Director of Internal Audit Charles Moore, Manager of Finance and Planning Bill Aldrich, Manager of Financial Services Gennie Eva, and Corporate Secretary Rhonda Jones. Consultant Present: First Vice President Marie Vanerian, Associate Financial Advisors Keith Azar and Michael Muirhead of Merrill Lynch. The Secretary declared a quorum. Chairperson Lain called the meeting to order at 5:30 p.m. Public Comments There were no public comments. Audited Financial Statements Executive Director and Chief Financial Officer Susan Devon reported that the financial statements for the Defined Benefit, Defined Contribution, and Retiree Benefit and Trust Reports (VEBA) each received a clean, unqualified audit report by external independent auditors, Plante &Moran. The pension plan audit reports were completed September 2008. Defined Benefit Pension Plan Performance Report Susan Devon also gave an overview of the fiscal year end performance results for the Defined Benefit Pension Plan. The total assets held in trust as of June 30, 2008 were $107 million and decreased to $95 million as of September 30, 2008 due to declines in the stock market. As of June 30, 2008, the net investment income was negative -$7.6 million and$1.6 million was transferred to the VEBA fund pursuant to Internal Revenue Code Section 420. The Mercer Actuarial Valuation Report as of February 29, 2008 indicates a funded ratio of 127%, which is a reduction from its previous figure of 138%, effective February 28, 2007. The benefit payments including administrative expenses for year ending February 29, 2008 were approximately$8.1 Board Meeting Nov. 18,2008 Page 9 of 19 the current market. The packet materials further contained information relative to the following data: • Plan assets by class • Historical performance of funds • Historical performance benchmarks In response to a Trustee request, it was noted that future benchmark reports would contain the corresponding fund information on the same page. It was also advised that once the transition from Prudential to ICMA is complete, the Board of Trustees would begin to see new reporting. Post-retirement Benefit Plan and Trust Susan Devon gave an overview of the fiscal year end performance results for the Post-retirement Benefit Plan and Trust (VEBA). Total plan assets held in trust were $62 million as of June 30, 2008. However, as of September 30, 2008 they had decreased to $58 million due to the decrease in the stock market. Target contributions for VEBA as of June 30, 2008 were $14.8 million and $18.1 million respectively for June 30, 2009. In addition, the net target VEBA contribution estimates for June 30, 2008 were $6.4 million and $8.4 million respectively for June 30, 2009. In response to a Trustee inquiry, it was noted that the BWL's VEBA funding is doing well compared to other local entities. The BWL's policy also dictates that the trust will be fully funded in 15 years. Marie Vanerian provided a brief overview of fiscal year end market returns for the Post- retirement Benefit Plan and Trust for the period ending June 30, 2008. Summary reports pertaining to the trusts performance highlighted the following areas: total portfolio performance, asset and manager allocations, investment earnings and cash flows, and distribution returns. It was noted that a glossary of terms is contained in the report to aid in understanding the terminology. In the future, the report will also contain a running addendum that speaks to policy changes and various matters that the board has considered over time. The addendum will provide new board members with a history of decisions made by the board to provide insight regarding the trust. In addition, it was also advised that the trust was overweight in Cash and Cash Equivalents and underweight in Large Cap Exposure. There was also underperformance in the bond accounts due to issues with some of the bonds contained within the portfolio. The total distribution of returns for March 2008 to June 2008 was—1.7% and it ranked 68% against other managers, which does not take into account risk factors that the peer group comparison is incurring within their respective portfolios. Following the presentation, the Pension Fund Trustees took the following action: Moved by Trustee James, seconded by Trustee Thomas, to approve the following resolution: RESOLUTION Board Meeting Nov. 18,2008 Page 11 of 19 Commissioner Zerkle noted that she would ask the Board to consider the matter and would contact Mr. Rall regarding their response. Contact information was provided to Secretary Jones on behalf of the Board. Doug Jester of Lansing noted that even in the Integrated Resource Plan issued by Board of Water and Light (BWL) staff, the cost per kilowatt (kWh) of load avoided through energy efficiency measures is less than the cost per kWh of energy generation and distribution. He went onto note that the purpose of his letter was to address concerns regarding the principles of this region, the environment, global warming, and quality of life. Mr. Jester urged the Board to look at the proposal as an economic and environmental alternative to generation and welcomed the opportunity to present the proposal to the Board when time permits. Approval of Minutes Motion by Commissioner Lain, seconded by Commissioner DeLuca to approve the minutes of the Committee of the Whole meeting held September 9, 2008 as amended. Action: Carried unanimously. Discharge of Easements General Manager J. Peter Lark presented the proposed resolution. The discharge of easements is no longer needed for facilities that have been removed as a consequence of the Ottawa Property sale. The BWL released the property to the City of Lansing for sale to and redevelopment by The Christman Company. On motion by Commissioner Cochran, seconded by Commissioner DeLuca, the Committee of the Whole agreed to move the proposed resolution for the Discharge of Easements to the full board for consideration and approval. Abstain: Commissioner Kramer. Action: Carried unanimously. On motion by Commissioner Lain, seconded by Commissioner Cochran, the Committee of the Whole corrected the last line in staff comments to read, "City of Lansing" as opposed to "Accident Fund". Abstain: Commissioner Kramer. Action: Carried unanimously. Consideration of PURPA Standards Under the Independence and Security Act of 2007 J. Peter Lark introduced the proposed resolution concerning PURPA Standards Under the Independence and Security Act of 2007. The Board must consider five standards that include integrated resource planning, rate design, smart grid investments and information, and recovery Board Meeting Nov- 18,2008 Page 13 of 19 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:05 p.m. on Tuesday, November 18, 2008. Finance Committee Chair Peter Kramer called the meeting to order and asked the Secretary to call the roll. Commissioner Peter Kramer and alternate committee members Tony DeLuca and Semone James were present. Absent: Commissioners Robert Cochran, Julee Rodocker and Tracy Thomas. Public Comments There were no public comments. Approval of Minutes Motion by Commissioner DeLuca, seconded by Commissioner James to approve the minutes of the Finance Committee meeting held October 14, 2008. Action: Carried unanimously. Public Hearing for 2009 Rate Increase General Manager J. Peter Lark reviewed the proposed utility rate increases for calendar year 2009. Due to recent stock market fluctuations and higher than anticipated operating expenses, i.e. healthcare costs, the value of the Defined Benefit (DB) Pension fund is lower than expected. Although, the DB plan is still fully funded, money cannot be transferred from the DB fund to the Post-retirement Benefit Plan and Trust (VEBA) as originally budgeted thereby, creating a$6.5 million shortfall for the VEBA fund. Other concerns affecting the current fiscal budget include fewer cooling degree-days that lead to a 15% decrease in retail sales, lower than usual natural gas prices, and decreased third party sales. Board of Water and Light (BWL) residential electric rates are approximately 24% lower than Consumers Energy who recently filed for a 16.4% residential rate increase with the Michigan Public Service Commission. BWL residential electric rates are also lower than DTE, whose rates are currently higher than Consumers Energy. The BWL's return on assets is 6.18%. In order to achieve the return on assets, the BWL would need to increase utility rates by the following: electric 11%, water 47%, steam 30% and chilled water 60%. Recognizing that such utility rate increases are not amendable to the ratepayer the BWL budgeted for rate increases of 4% for electric, 7% for water and 9% for steam. Nevertheless, due to the existing difficult economic landscape, the City of Lansing's rate of foreclosures, and General Motors shift reductions staff proposed to reduce the rate increases and cut costs. Staff in cooperation with the General Manager and Chief Financial Officer Susan Devon are reviewing the Capital and Operations and Maintenance budgets for possible cost saving measures. Some of the measures include the elimination of employee travel unless deemed essential or required for certification, no new vehicle purchases, developing a fleet vehicle pool and considering the reduction of P-cards currently in circulation. During the current economic environment the BWL is attempting to position itself to continue to thrive. Hence, it was recommended that the Finance Committee consider a proposed resolution to schedule a public hearing for January 26, 2009 at 5:30 p.m. to solicit public input regarding proposed rate increases of 2.5% for electric, water, steam and chilled water. In addition, the Electric Residential Basic Service Charge would Board Meeting Nov. 18,2008 Page 15 of 19 FURTHER RESOLVED, that the Corporate Secretary be directed to record the release of easement with the Ingham County Register of Deeds. -------------------- Motion by Commissioner James, seconded by Commissioner Thomas to approve the Discharge of Easements at 300 N. Graven Avenue resolution. Abstain: Commissioner Kramer In response to a Commissioner inquiry, it was noted that the easement, which is small in scale would become a part of the Accident Fund redevelopment project. Action: Carried unanimously. esolution 2008-11-2 B. Consideration of PURPA Standards under the Energy Independence and Security Act of 2007 WHEREAS, the Energy Independence and Security Act of 2007 (EISA) contains four new Public Utility Regulatory Policies Act (PURPA) standards and a fifth non-PURPA "standard" requiring covered utilities to consider adopting these new standards; and WHEREAS, the EISA of 2007 amendments to PURPA require covered utilities to begin consideration of 1) Integrated Resource Planning, 2) Rate Design Modifications to Promote Energy Efficiency Investments, 3) Consideration of Smart Grid Investments, and 4) Smart Grid Information. Although, the fifth standard is not an amendment to PURPA, utilities are required to consider "Additional Incentives for Recovery, Use, and Prevention of Industrial Waste Energy" under the same process as the other PURPA standards; and WHEREAS, the Lansing Board of Water and Light, with electric retail sales in excess of 500 million kWhs meets the definition of a non-regulated covered utility. RESOLVED, that the Lansing Board of Water and Light will commence consideration of the five standards required by the Energy Independence and Security Act of 2007 before December 19, 2008. FURTHER RESOLVED, that the Lansing Board of Water and Light shall hold a public hearing to accept public comments on the five EISA standards listed above, in 2009. -------------------- Motion by Commissioner James, seconded Commissioner Kramer to approve the resolution regarding the Consideration of PURPA Standards under the Energy Independence Security Act of 2007. Board Meeting Nov. 18,2008 Page 17 of 19 esolution 2008-11- Compensation Increase For Charter Position of Corporate Secretary RESOLVED, That the Corporate Secretary, Rhonda Jones, is hereby eligible to receive a salary adjustment effective as of July 1, 2008. RESOLVED FURTHER, That the Board of Commissioners authorizes a three percent (3.00%) salary adjustment for the Corporate Secretary, based on the evaluation of the employee's performance from July 24, 2007 through June 30,2008. ................ Motion by Commissioner James, seconded by Commissioner Thomas to approve the resolution regarding the Compensation Increase for Charter Position of Corporate Secretary. Action: Carried unanimously. esolution 2008-11- BOARD MEETING SCHEDULE In accordance with the Board's Rules of Administrative Procedure, a schedule of dates, places, and times for each regular meeting of the Board of Commissioners for the calendar year shall be adopted in November. RESOLVED, That regular meetings of the Board of Commissioners are hereby set for calendar year 2009 as follows, unless otherwise notified or as a result of date conflicts with rescheduled City Council meetings: 2009 Tuesday January 27 Tuesday March 24 Tuesday May 26 Tuesday July 28 Tuesday September 22 Tuesday November 24 Meetings will be held in the Board Room located in the Board of Water and Light Customer Service Center, 1232 Haco Drive, Lansing, at 5:30 p.m. RESOLVED FURTHER, That a notice of the meeting schedule be published in the Lansing State Journal the week of January 4, 2009. Board Meeting Nov. 18,2008 Page 19 of 19 On motion by Commissioner Cochran, seconded by Commissioner James, the meeting adjourned at 6:00 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk November 26, 2008 WATER&LIGHT Mae Hometown People.Hometown Power. M E M O R A N D U M TO: Chris Swope Lansing City Clerk FROM: Rhonda Jones BWL Corporate Secretary CC: Rosemary Sullivan DATE: January 7, 2009 RE: Board of Water and Light Special Board Meeting Minutes ZD October 16, 2008 and October 29, 2008 A typographical error was found in the body of the Board of Water and Light Special Board meeting minutes dated October 161h and 29th of 2008 respectively. As such, please disregard your previous copy and instead utilize the attached version. If there are any questions or concerns, feel free to contact me at your earliest convenience. Thank you. Approved by the Board: November 18, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT Wednesday, October 29, 2008 The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Frank Lain, Julee Rodocker, Tracy Thomas and Sandra Zerkle. Absent: Commissioner Peter Kramer. The Secretary declared a quorum present. Chairperson Lain called the meeting to order at 9:05 a.m. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. MANAGER'S RECOMMENDATION esolution 2008-10-2 Collective Bargaining Agreement between the Lansing Board of Water & Light and the International Brotherhood of Electrical Workers,AFL-CIO, Local 352 WHEREAS, on October 9, 2008 the Board of Water and Light and IBEW Local 352 entered into a Tentative Agreement to extend the Collective Bargaining Agreement for four years; WHEREAS, the terms and conditions of the Tentative Agreement are in accordance with the direction and authority that was delegated to the Board's negotiating team by the General Manager; and Special Board Mtg. October 29,2008 Pa.-e 3 of 7 Final Tentative Agreement October 7, 2008 Extend Collective Bargaining Agreement, Attachment and MOUs by a term of forty- eight months. All provisions will remain in effect until Midnight, October 31, 2012. As outlined in Article XV, page 46, of the CBA, except as follow: 1. Effective November 1 2008: 3% wage increase to all bargaining unit classifications 2. Effective November 1, 2009: 3% wage increase to all bargaining unit classifications 3. Effective November 1, 2010: 3% wage increase to all bargaining unit classifications 4. Effective November 1, 2011: 3% wage increase to all bargaining unit classifications 5. Effective January 1, 2009, in the event a surviving spouse remarries; the subsequent spouse of the surviving Spouse shall not be eligible for Spouse Benefits under the Post Retirement Benefit Plan. Benefits shall not be withdrawn from spouses of Surviving spouses that are/were receiving benefits under the Post Retirement Benefit Plan as of December 31, 2008 6. Eligible Employees hired after January 1, 2009 shall receive the same level of coverage, and be responsible for health care premium sharing, and co-pays at the same level as other active employees. To the extent the eligible Employee, who is hired after January 1, 2009, is eligible for benefits under the Post Retirement Benefit Plan, their respective level of coverage, co-pays and health care premium sharing as a retiree through retirement shall be at the same level it was as of the date of retirement. In the event the retiree dies and is survived by a spouse or eligible dependent, the surviving Spouse and/or eligible dependent shall continue to be responsible for the same level of health care premium sharing as the respective retiree. Upon retirement, active employees hired on or before December 31, 2008 will continue with the same health care benefit level of coverage, co-pay, and premium sharing as retirees pay as of September 15, 2008, and the provisions of the Post Retirement Benefit Plan shall remain in full force and effect. 7. Emergency room co-pay will increase from$75.00 to $150.00; co-pay will be waived if admitted. Special Board Mtg. October 29,2008 Page 5 of 7 Additional discussion: Commissioner Cochran complimented IBEW Local 352 Business Manager Ron Byrnes, Jr., Assistant Business Manager Jim Dravenstatt-Moceri, and Chief Financial Officer Susan Devon for their professionalism and effort in negotiating the agreement. General Manager J. Peter Lark thanked the Board of Commissioners and Commissioner Zerkle in particular for their support. It was also noted that previous contract negotiations had taken significantly longer to resolve. As such, Mr. Lark noted his appreciation of the Board's timely approval. NEW BUSINESS Moved by Commissioner Thomas, seconded by Commissioner Cochran to enter into closed session to discuss a pending litigation matter with Attorney Scott Mandel of Foster, Swift, Collins & Smith,P.C. as protected by Open Meetings Act exemption MCL 15.268(e). (9:13 a.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, James, Lain, Rodocker and Zerkle. Nays: None. Absent: Commissioner Kramer. Carried unanimously. Moved by Commissioner Cochran, seconded by Commissioner Thomas that the Special Board meeting return to open session. Carried unanimously. The Special Board meeting reconvened in open session at 9:17 a.m. Upon conclusion of closed session, the Board of Commissioners took the following action: Motion by Commissioner Thomas, seconded by Commissioner Cochran to approve the agreement as put forth (and consistent with the Board resolution passed October 16, 2008). Action: Carried unanimously. MANAGER'S REMARKS Solar Array Groundbreaking. General Manager J. Peter Lark thanked those in attendance at the Solar Array Groundbreaking ceremony held October 22, 2008. Granger Landfill Gas Ceremony. The Granger Landfill Gas Ceremony is scheduled for November 18th. Invitations are forthcoming. Special Board Mtg. October 29,2008 Page 7 of 7 Action: Carried unanimously. PUBLIC COMMENTS There were no public comments. ADJOURNMENT On motion by Commissioner Thomas, seconded by Commissioner. DeLuca, the meeting adjourned at 9:30 a.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk November 3, 2008 ATTACHMENT L to Agreement between BOARD OF WATER AND LIGHT Lansing, Michigan and LOCAL UNION NO. 352, IBEW, AFL-CIO CUSTOMER SERVICE SUBPROCESS PROGRESSION SYSTEM Effective XX-01-08 Recommended by: Robert Perialas, Manager Leslie Grannell, RPR3 Beth Chenoweth, Supervisor Michele Mickel, CSSL Dated: September 30, 2008 REMITTANCE PROCESSING The Remittance Processing section of the Customer Service Subprocess is structured to include the following classifications : Remittance Processing Representative (RPR 1-3) Remittance Processing Specialist (RPS) POSTING - The RPR-1 will be an entrance level classifications . RPR2 and RPR3 are progressive and will not be posted. The RPS will be a Subprocess only posting. SELECTION - RPR-1 : Qualified applicants who meet the pre-selection criteria as measured through an assessment process will be chosen for the RPR position-e. RPS : Applicants for this position will be considered on the basis of performance, ability, demonstrated RPR level 3 skills, results of the pre-selection leadership assessment center and seniority. PROGRESSION- Classification Progression RPR Level 1 1 Year Level 2 2 Years Level 3 2 Years RPS 1 Year Employees may progress, based upon performance and appropriate skills demonstrated, at a faster pace than prescribed above presuming training is available . All RPR' s are expected to progress to the top of level 3 . If Management has acted in good faith and sufficient training has been made available but it is taking longer than the prescribed time for an employee to progress, a decision will be made whether or not the employee should remain in the position and appropriate action will be taken. If it has been determined that Management has not acted in good faith to make sufficient training available in the prescribed time, the employee will progress to the highest rate of their current classification. Training and re-training will be offered on an as-needed and as-available basis taking seniority into consideration. RATES OF PAY - See Attachment A and A-1 . CUSTOMER ACCOUNTING The Customer Accounting section of the Customer Service Subprocess is to be structured to include the following classifications : 1 . Customer Billing Representative (CBR 1-3) 2 . Customer Account Specialist (CAS) POSTING - The CBR position will be an entrance level classification. The CAS will be a Subprocess-only posting. SELECTION - CBR: Qualified applicants who meet the pre-selection criteria as measured through an assessment process will be chosen for the CBR position. CAS : Applicants will be considered on the basis of performance, ability, demonstrated CBR level 3 skills & results of the pre-selection leadership assessment center and seniority. PROGRESSION - CBR: Skill Groups Progression CBR 1 1 Year CBR 2 2 Years CBR 3 2 Years CAS : 1 Year Employees may progress, based upon performance and appropriate skills have been demonstrated, at a faster pace than prescribed above presuming training is available. Evaluations will be available upon request at least every six months . If Management has acted in good faith and sufficient training has been made available but is taking longer than the prescribed time for an employee to progress, a decision will be made whether or not the employee should remain in the position and appropriate action will be taken. If it has been determined that Management has not acted in good faith to make sufficient training available in the prescribed time, the employee will progress to the highest rate of their current classification. All new CBR' s are expected to progress to the top of level 3 . Training and re-training will be offered on an as-needed and as-available basis taking seniority into consideration. RATES OF PAY - See Attachment A. CALL CENTER The Call Center Section of the Customer Service Subprocess is to be structured to include the following classifications : 1 . Customer Service Representative 1 (CSR1) Customer Service Representative 2 (CSR2) Customer Service Representative 3 (CSR3) 2 . Customer Service Specialist (CSS) POSTING - The CSR1 position will be an entrance level classification. The CSS will be a Subprocess-only posting. SELECTION - CSR1 : Qualified applicants who meet the pre-selection criteria as measured through an assessment process will be chosen for the CSR1 position. CSS : Applicants will be considered on the basis of performance, ability, demonstrated CSR level 3 skills & results of the pre-selection leadership assessment center and seniority. PROGRESSION - Skill Group Progression CSR level 1 1 Year CSR level 2 2 Years CSR level 3 2 Years CSS 1 Year Employees may progress, based upon performance, ability, and demonstrated skills at a faster pace than prescribed above, except for the CSS position. Experience in the position is an important factor for the CSS position, so strict adherence to by the prescribed timetable is required. Evaluations will be available upon request at least every six months . If Management has acted in good faith and sufficient training has been made available but is taking longer than the prescribed time for an employee to progress, a decision will be made whether or not the employee should remain in the position and appropriate action will be taken. If it has been determined that Management has not acted in good faith to make sufficient training available in the prescribed time, the employee will progress to the highest rate of their current classification. All employees are expected to progress to the top level 3 . Training and re-training will be offered on an as-needed and as- available basis taking seniority into consideration. RATES OF PAY - See Attachment A. Approved by the Board: November 18, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT Wednesday, October 29, 2008 The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Frank Lain, Julee Rodocker, Tracy Thomas and Sandra Zerkle. Absent: Commissioner Peter Kramer. The Secretary declared a quorum present. Chairperson Lain called the meeting to order at 9:05 a.m. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. MANAGER'S RECOMMENDATION esolution 2008-10-2 Collective Bargaining Agreement between the Lansing Board of Water & Light and the International Brotherhood of Electrical Workers,AFL-CIO, Local 352 WHEREAS, on October 9, 2008 the Board of Water and Light and IBEW Local 352 entered into a Tentative Agreement to extend the Collective Bargaining Agreement for four years; WHEREAS, the terms and conditions of the Tentative Agreement are in accordance with the direction and authority that was delegated to the Board's negotiating team by the General Manager; and Special Board Mtg. October 29,2008 Page 2 of 7 WHEREAS, the Tentative Agreement was submitted by the IBEW Local 352 negotiating team to the IBEW membership for its approval and was ratified on October 17, 2008. RESOLVED, that the attached "Final Tentative Agreement" (dated and signed October 7, 2008) is hereby approved. RESOLVED FURTHER, that the Chair and Corporate Secretary are hereby authorized to sign the Agreement incorporating the settlement changes. ----------------------------------------- Staff Comments: The Board and the Union have tentatively agreed to a four year extension of the collective bargaining agreement through October 31, 2012. The agreement provides for a 3% across the board increase to all bargaining unit employees on November 1, 2008, November 1, 2009, November 1, 2010, and November 1, 2011. In addition several changes to health care benefits were agreed upon including increasing emergency room co-pay from$75.00 to $150.00, requiring $20.00 office visit co-pay for chiropractic services, increasing annual individual deductible from$100.00 to $150.00 and annual family deductible from$200.00 to $300.00, and offering employee paid group vision insurance that will be paid for with pre tax dollars. Effective January 1, 2009, in the event a surviving spouse remarries; the subsequent spouse of the surviving Spouse shall not be eligible for Spouse Benefits under the Post Retirement Benefit Plan. Benefits shall not be withdrawn from spouses of Surviving spouses that are/were receiving benefits under the Post Retirement Benefit Plan as of December 31, 2008. Eligible Employees hired after January 1, 2009 shall receive the same level of coverage, and be responsible for health care premium sharing, and co-pays at the same level as other active employees. To the extent the eligible Employee, who is hired after January 1, 2009, is eligible for benefits under the Post Retirement Benefit Plan, their respective level of coverage, co-pays and health care premium sharing as a retiree through retirement shall be at the same level it was as of the date of retirement. In the event the retiree dies and is survived by a spouse or eligible dependent, the surviving Spouse and/or eligible dependent shall continue to be responsible for the same level of health care premium sharing as the respective retiree. Upon retirement, active employees hired on or before December 31, 2008 will continue with the same health care benefit level of coverage, co-pay, and premium sharing as retirees pay as of September 15, 2008, and the provisions of the Post Retirement Benefit Plan shall remain in full force and effect. Finally, the parties agree to changes as proposed by a Board and Union subcommittee report provided in the attached Attachment L, Customer Service Subprocess Progression System. ----------------------------------------- Special Board Mtg. October 29,2008 Page 3 of 7 Final Tentative Agreement October 7, 2008 Extend Collective Bargaining Agreement, Attachment and MOUs by a term of forty- eight months. All provisions will remain in effect until Midnight, October 31, 2012. As outlined in Article XV, page 46, of the CBA, except as follow: 1. Effective November 1 2008: 3% wage increase to all bargaining unit classifications 2. Effective November 1, 2009: 3% wage increase to all bargaining unit classifications 3. Effective November 1, 2010: 3% wage increase to all bargaining unit classifications 4. Effective November 1, 2011: 3% wage increase to all bargaining unit classifications 5. Effective January 1, 2009, in the event a surviving spouse remarries; the subsequent spouse of the surviving Spouse shall not be eligible for Spouse Benefits under the Post Retirement Benefit Plan. Benefits shall not be withdrawn from spouses of Surviving spouses that are/were receiving benefits under the Post Retirement Benefit Plan as of December 31, 2008 6. Eligible Employees hired after January 1, 2009 shall receive the same level of coverage, and be responsible for health care premium sharing, and co-pays at the same level as other active employees. To the extent the eligible Employee, who is hired after January 1, 2009, is eligible for benefits under the Post Retirement Benefit Plan, their respective level of coverage, co-pays and health care premium sharing as a retiree through retirement shall be at the same level it was as of the date of retirement. In the event the retiree dies and is survived by a spouse or eligible dependent, the surviving Spouse and/or eligible dependent shall continue to be responsible for the same level of health care premium sharing as the respective retiree. Upon retirement, active employees hired on or before December 31, 2008 will continue with the same health care benefit level of coverage, co-pay, and premium sharing as retirees pay as of September 15, 2008, and the provisions of the Post Retirement Benefit Plan shall remain in full force and effect. 7. Emergency room co-pay will increase from $75.00 to $150.00; co-pay will be waived if admitted. Special Board Mt-g. October 29,2008 Page 4 of 7 8. Chiropractic services will now have a$20.00 office visit co-pay 9. Increase annual individual deductible from$100.00 to $150.00 and annual family deductible from $200.00 to $300.00 10. Offer employee paid group vision insurance that will be paid for with pre tax dollars. 11. The parties agree to the Attachment L subcommittee changes and report 12. The parties confirm that all provisions agreed to by this tentative agreement and memorandum of Understanding become part of the Collective Bargaining Agreement and have full force and effect. IBEW Local 352 BY: Dated: , 2008 Its: Lansing Board of Water &Light By: Dated: , 2008 Its: Motion by Commssioner Cochran, seconded by Commissioner DeLuca to approve the Collective Bargaining Agreement between the Lansing Board of Water&Light (BWL) and the International Brotherhood of Electrical Workers, AFL-CIO, Local 352 resolution. Discussion: Commissioner Zerkle advised that she was given responsibility for overseeing the negotiation process and found that there was minimal work for her to do. Reaching agreement on the new bargaining unit contract was a testament to both parties willingness to sit down with one another and workout the contract. It was also advised that the 4-year bargaining unit contract is a benefit to the employees and a cost savings to the BWL. Commissioner Lain thanked General Manager J. Peter Lark, the Union and especially that of Commissioner Zerkle for their efforts in this endeavor. He also noted that the relationships that have been built over the years enabled everyone to accomplish this task. Action: Carried unanimously. Special Board Mtg. October 29,2008 Page 5 of 7 Additional discussion: Commissioner Cochran complimented IBEW Local 352 Business Manager Ron Byrnes, Jr., Assistant Business Manager Jim Dravenstatt-Moceri, and Chief Financial Officer Susan Devon for their professionalism and effort in negotiating the agreement. General Manager J. Peter Lark thanked the Board of Commissioners and Commissioner Zerkle in particular for their support. It was also noted that previous contract negotiations had taken significantly longer to resolve. As such, Mr. Lark noted his appreciation of the Board's timely approval. NEW BUSINESS Moved by Commissioner Thomas, seconded by Commissioner Cochran to enter into closed session to discuss a pending litigation matter with Attorney Scott Mandel of Foster, Swift, Collins & Smith, P.C. as protected by Open Meetings Act exemption MCL 15.268(e). (9:13 a.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, graves, James, Lain, Rodocker, Thomas and Zerkle. Nays: None. Absent: Commissioner Kramer. Carried unanimously. Moved by Commissioner Cochran, seconded by Commissioner Thomas that the Special Board meeting return to open session. Carried unanimously. The Special Board meeting reconvened in open session at 9:17 a.m. Upon conclusion of closed session, the Board of Commissioners took the following action: Motion by Commissioner Thomas, seconded by Commissioner Cochran to approve the agreement as put forth (and consistent with the Board resolution passed October 16, 2008). Action: Carried unanimously. MANAGER'S REMARKS Solar Array Groundbreaking. General Manager J. Peter Lark thanked those in attendance at the Solar Array Groundbreaking ceremony held October 22, 2008, Special Board Mtg. October 29,2008 Page 6 of 7 Granger Landfill Gas Ceremony. The Granger Landfill Gas Ceremony is scheduled for November 18th. Invitations are forthcoming. Energy Efficiency Program. The BWL is scheduled to announce an aggressive energy efficiency program in early 2009. COMMISSIONERS' REMARKS Commissioner Lain introduced the concept of going paperless whereas, the Board of Commissioners would no longer receive paper copies of committee or board meeting materials. Instead board members would receive their materials electronically unless paper copies were deemed necessary. It was noted that other entities are moving in this direction and, it is also greener and in alignment with BWL energy efficiency goals. Depending on the need, notebook computers maybe essential to have at the meetings to access the materials as necessary. In addition, Commissioner Lain also advised that he receives several questions from the community asking what the board members are doing and what they themselves can do to save energy. As a result, Commissioner Lain suggested the need to create a pamphlet that would provide information on how to save energy within one's own household. The paperless initiative and the pamphlet project would also allow the Board to take the lead in becoming more energy conscious. In addition, Go Green Initiative Coordinator Taylor Heins was asked to assist with both respective projects. In response to Commissioner Lain's comments regarding electronic committee packets, Ms. Heins advised that the first step in the process is auditing the kind of documents that the Board receives, as everything will not be paperless. In addition, General Manager J. Peter Lark also advised that from his perspective he thought it a good idea. Commissioner James noted that she would like to continue receiving paper copies, as she does not have the opportunity to sit at a computer and read through documents. As such, paper copies will allow her the occasion to review said materials during and/or between meetings. After brief discussion, it was noted the Board of Commissioners were supportive of the idea, as it will save time, paper and money. It was also confirmed that all board members with the exception of Commissioner James would start to receive electronic meeting packet materials in the near future. It is estimated that the new process will begin December 2008. Commissioner James departed the meeting at 9:24 a.m.due to a prior obligation. Commissioner Thomas noted that he appreciates relationships because they are really powerful. He also advised that even during difficult times one must have good relations. EXCUSED ABSENCE Special Board Mtg. October 29,2008 Page 7 of 7 On motion by Commissioner DeLuca, seconded by Commissioner Thomas, to excuse the absence of Commissioner Peter Kramer. Action: Carried unanimously. PUBLIC COMMENTS There were no public comments. ADJOURNMENT On motion by Commissioner Thomas, seconded by Commissioner DeLuca, the meeting adjourned at 9:30 a.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk November 3, 2008 Approved by the Board: November 18, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT Thursday, October 16, 2008 The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran (teleconference), Tony DeLuca, Semone James, Frank Lain, Tracy Thomas and Sandra Zerkle. Absent: Commissioners Peter Kramer and Julee Rodocker. The Secretary declared a quorum present. Chairperson Lain called the meeting to order at 2:35 p.m. �. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. NEW BUSINESS Moved by Commissioner DeLuca, seconded by Commissioner Thomas to enter into closed session to discuss a pending litigation matter with Attorney Scott Mandel of Foster, Swift, Collins &Smith,P.C. as protected by Open Meetings Act exemption MCL 15.258(e). (2:38 p.m.) The roll was called. Yeas: Commissioners Cochran (teleconference), DeLuca, Graves, James, Lain and Zerkle. Nays: None. Absent: Commissioners Kramer and Rodocker. Carried unanimously. Special Board Mtg. October 23,2008 Page 3 of 3 to Joseph Pandy, Jr., subject to and limited by the provisions of the Plan, in accordance with the settlement. Adopted by Board of Commissioners at a Special Board meeting held Frank Lain Rhonda Jones Board of Commissioners, Chair Corporate Secretary Motion by Commissioner Thomas, seconded by Commissioner DeLuca to approve the Litigation resolution. Action: Carried unanimously. MANAGER'S REMARKS None. COMMISSIONER REMARKS None. PUBLIC COMMENTS There were no public comments. EXCUSED ABSENCES None. ADJOURNMENT On motion by Commissioner DeLuca, seconded by Commissioner Thomas, the meeting adjourned at 3:19 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk October 23, 2008 Approved by the Board: November 18, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT Thursday, October 16, 2008 The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran (teleconference), Tony DeLuca, Semone James,Frank Lain, Tracy Thomas and Sandra Zerkle. Absent: Commissioners Peter Kramer and Julee Rodocker. -:.1 The Secretary declared a quorum present. Chairperson Lain called the meeting to order at 2:35 p.m. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. NEW BUSINESS Moved by Commissioner DeLuca, seconded by Commissioner Thomas to enter into closed session to discuss a pending litigation matter with Attorney Scott Mandel of Foster, Swift, Collins & Smith,P.C. as protected by Open Meetings Act exemption MCL 15.268(e). (2:38 p.m.) The roll was called. Yeas: Commissioners Cochran (teleconference), DeLuca, Games, James, Lain, Thomas and Zerkle. Nays: None. Absent: Commissioners Kramer and Rodocker. Carried unanimously. Special Board Mtg. October 16,2008 Page 2 of 3 Moved by Commissioner Thomas, seconded by Commissioner DeLuca that the Special Board meeting return to open session. Carried unanimously. The Special Board meeting reconvened in open session at 3:17 p.m. RESOLUTION esolution 2008-10-I LITIGATION RESOLUTION WHEREAS, Joseph Pandy, Jr. brought suit against the Lansing Board of Water & Light (LBWL) in Ingham County Circuit Court (2003-11169-CZ); and WHEREAS, Joseph Pandy, Jr. and the LBWL desire to settle all disputes between them without the uncertainty, expense and delay of continued litigation; and WHEREAS, Joseph Pandy, Jr. and representatives from LBWL participated in a facilitative mediation held on October 131h and 14th 2008 in the interest of resolving the above referenced matter; and WHEREAS,Joseph Pandy, Jr. and representatives from LBWL tentatively reached a mutually agreeable settlement, subject to approval by the Board of Commissioners. RESOLVED, that the Board of Commissioners hereby approves the tentative settlement reached at facilitative mediation. FURTHER RESOLVED, that the Board of Commissioners hereby authorizes its insurers, American Insurance Group and Philadelphia Insurance Company to remit payment in accordance with the settlement. FURTHER RESOLVED, that the Board of Commissioners hereby authorizes the release of the full amount, less applicable taxes, in Joseph Pandy, Jr.'s 457(f) account Special Board Mtg, October 16,2008 Page 3 of 3 to Joseph Pandy, Jr., subject to and limited by the provisions of the Plan, in accordance with the settlement. Adopted by Board of Commissioners at a Special Board meeting held Frank Lain Rhonda Jones Board of Commissioners, Chair Corporate Secretary Motion by Commissioner Thomas, seconded by Commissioner DeLuca to approve the Litigation resolution. Action: Carried unanimously. MANAGER'S REMARKS None. COMMISSIONER REMARKS None. PUBLIC COMMENTS There were no public comments. EXCUSED ABSENCES None. ADJOURNMENT On motion by Commissioner DeLuca, seconded by Commissioner Thomas, the meeting adjourned at 3:19 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk October 23, 2008 Approved by the Board: November 18, 2008 MINUTES OF THE BOARD OF COMMISSIONERS' MEETING LANSING BOARD OF WATER AND LIGHT Tuesday, September 23, 2008 The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Semone James, Peter Kramer, Frank Lain, Julee Rodocker, Tracy Thomas and Sandra Zerkle. Absent: Commissioner Tony DeLuca. cJ C7 The Secretary declared a quorum present. ;_i F-3 , Chairperson Lain called the meeting to order at 5:30 p.m. APPROVAL OF MINUTES Motion by Commissioner Kramer, seconded by Commissioner James, to approve the minutes of the regular meeting held July 22, 2008 and the special board meeting held August 12, 2008. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT. ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. Carol Rall of Lansing asked the Board to consider an open dialogue format that would allow for presentations in regards to building a new coal plant. Ms. Rall also inquired as to how the board members are preparing themselves to make a decision regarding new generation. Lee Filfelske of Lansing with Lansing Can Do Better asked the Board of Commissioners to consider changing the meeting times of the New Generation Advisory Panel to increase public participation. She also asked that more advance notice through various mediums such as, the BWL newsletter and website to ensure public availability. Board Meeting September 23,2008 Page 2 of 24 David Gard, Energy Program Director with the Michigan Environmental Council echoed Carol Rall's sentiments and also asked the Board to consider expanding the public comment period to allow for indepth discussion with respect to the proposed coal plant. Anne Woiwode of Meridian Township with the Sierra Club of Lansing noted continued support of renewable power and her personal support of public power. She advised that of 150 proposed power plants in the United States, 70 were cancelled primarily due to cost. Ms. Woiwode noted that the Board of Commissioner are uniquely positioned to exercise fiduciary responsibility for Lansing residents and suggested they contact other entities for additional information and consider the rising cost of coal and carbon control. Steve Rall of Lansing thanked Commissioner Lain for meeting with him regarding new generation. He expressed concerns regarding a new coal plant and discussed various presentations given regarding new generation and wind energy. Mr. Rall also advised the Board of an upcoming environmental issues film scheduled to air on WKAR on October 91h and 27'. Brian Featy of East Lansing urged the Board to delay making a decision regarding the coal plant until its costs can be fully evaluated. He further noted that both presidential candidates support a carbon tax initiative and suggested the Board wait to see what will happen on the national level before making a local level decision. COMMUNICATIONS Verbal communication of July 24, 2008 from Steve Bell opposing general manager's salary increase. Received and placed on file. Email of July 24,2008 from Ann-Marie Smith opposing general manager's salary increase. Received and placed on file. Email of July 24, 2008 from Jason Allen opposing general manager's salary increase. Received and placed on file. Email of July 24, 2008 from Nick Pitlosh and Curt Micol opposing general manager's salary increase. Received and placed on file. Email of July 24, 2008 from Mary Anne Smith opposing general manager's salary increase. Received and placed on file. Email of July 24, 2008 from Vicki Kaiser opposing general manager's salary increase. Received and placed on file. Four anonymous phone calls opposing general manager's salary increase. Received and placed on file. Board Meeting September 23,2008 Page 3 of 24 Letter of July 25, 2008 from City Council office asking for information re general manager's salary increase. Received and referred to management. Letter of July 31, 2008 and Resolution#424 from City Council office re general manager's contract. Received and placed on file. Email of July 31, 2008 from Kirk Hewitt opposing general manager's salary increase. Received and placed on file. Email of August 3, 2008 from Lynn opposing general manager's salary increase. Received and placed on file. Verbal complaint of August 4, 2008 from Sharon Zenker opposing general manager's salary increase. Received and placed on file. Letter of August 4, 2008 from Susan Every opposing general manager's salary increase. Received and placed on file. Phone call of August 5, 2008 from Maria Anquiano opposing general manager's salary increase. Received and placed on file. Letter of August 6, 2008 from Randee Shul opposing general manager's salary increase. Received and placed on file. Letter of August 8, 2008 from Kenneth Wexler re tree damage during the June 7 storm. Received and referred to management. Letter of August 8, 2008 from Anne Woiwode, Dan Farough, Lana Pollack,John Lindemayer, Sarah Schillio, and Douglas Chester re resource planning for BWL. Received and placed on file. Letter of August 11, 2008 from Ron Byrnes and Jim Dravenstatt-Moceri of Local 352 regarding suspension of not providing same day service. Received and referred to management. Email of August 13, 2008 from Rebecca Payne re new coal-fired power plant. Received and placed on file. Letter of September 4, 2008 from Milton DeVinney re a new power plant. Received and placed on file. Letter of September 9, 2008 from Ron Byrnes and Jim Dravenstatt-Moceri of Local 352 agreeing with management's proposal for same day service. Received and placed on file. Card of September 19, 2008 from Nancy Lombardi concerning proposed BWL coal plant. Received and placed on file. Board Meeting September 23,2008 Page 4 of 24 Card of September 19, 2008 from Margaret R. Kingsbury concerning proposed BWL coal plant. Received and placed on file. Card of September 22, 2009 from Joe Droste concerning proposed BWL coal plant. Received and placed on file. Card of September 23, 2008 from Joe Bellgowan concerning proposed BWL coal plant. Received and placed on file. Card of September 23, 2008 from Fred Jacobs concerning proposed BWL coal plant. Received and placed on file. Card of September 23, 2008 from Hedluu Walton concerning proposed BWL coal plant. Received and placed on file. Card of September 23, 2008 from Donald D.Womboldt concerning proposed BWL coal plant. Received and placed on file. Card of September 23, 2008 from Emily Woodcock concerning proposed BWL coal plant. Received and placed on file. COMMITTEE REPORTS EXECUTIVE COMMITTEE August 1, 2008 The Executive Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 11:09 a.m. on Friday, August 1, 2008. Acting Executive Committee Chair Sandra Zerkle called the meeting to order. The following members were present: Commissioners James and Zerkle. Commissioners Robert Cochran and Peter Kramer were also present. The committee did not have quorum. Absent: Commissioner Frank Lain. Public Comments There were no public comments. Review General Manager's Contract The Commissioners present at the Executive Committee meeting unanimously agreed that the updated contract for the General Manager accurately reflected the resolutions, which pertained to re-appointment and contract adjustments, approved at the July 22, 2008 board meeting. There being no further business, the meeting ended at 11:11 a.m. Board Meeting September 23,2008 Page 5 of 24 Respectfully submitted, Sandra Zerkle, Acting Chair Executive Committee FINANCE COMMITTEE August 4, 2008 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:00 p.m. on Monday, August 4, 2008. Finance Committee Chair Peter Kramer called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Peter Kramer, Julee Rodocker and Tracy Thomas. Commissioner Frank Lain was also present. Absent: None Public Comments There were no public comments. Approval of Minutes Motion by Commissioner Cochran, seconded by Commissioner Rodocker to approve the minutes of the Finance Committee meeting held July 15, 2008. Action: Carried unanimously. External Auditors (SAS 114) Douglas Rober, Partner with Plante & Moran (P&M) reviewed the planning process for the audit of the financial statements and related pension plans for the Board of Water and Light (BWL) for fiscal year end 2008. Jacob Horner of P&M was also present. The BWL audit engagement letter for the Enterprise Fund and retirement plans include the Defined Benefit, Defined Contribution and the Retiree Benefit Plan and Trust. The new Statement of Auditing Standards (SAS) 114 effective the current fiscal audit year of 2008 requires changes relative to board communication. The standard requires formal upfront communication prior to any significant undertaking of the audit engagement. The auditors must also have a thorough understanding of internal controls, perform testing of those controls, and then directly link their observation with how the auditors will test various accounts. P&M will meet annually with the Finance Committee or the Board of Commissioners prior to its audit engagement and again following the completion of the audit. In response to a Commissioner inquiry, Mr. Rober advised that they are aware that all of the SAP modules have not been installed. As a result, they track those SAP modules Board Meeting September 23,2008 Page 6 of 24 presently in place so that an assessment of the controls for new modules will take place upon implementation. It was also advised that from year-to-year specific changes in audit scope and procedures are implemented, which are meant to be unpredictable so that the routine does not drive the focus of the audit. In response to a Commissioner inquiry, staff confirmed that they are not aware of any shortcomings in internal controls or financial reporting that warrant a change in the scope of the audit. Following the conclusion of the audit process review, Mr. Rober asked the committee members their views regarding the discussion points. • The appropriate person(s) with whom to communicate. • Delegation of responsibilities between the Board of Commissioners, Finance Committee and that of management. • Whether or not there are significant matters that warrant attention and/or additional procedures. • Concerns related to fraud or other controls. • Any matters related to communication with outside parties regarding governmental action or agencies. The committee indicated that there were no issues relative to fraud and that P&M is already aware of communication matters with outside parties. After brief discussion, the committee agreed that they had not gathered consensus amongst the board members regarding the other aforementioned discussion points and hence may need to add the topic to a future committee agenda for further review. A complete copy of the BWL Presentation to the Finance Committee regarding the Audit of June 30, 2008 Financial Statements &Related Pension Plans is on file in the Corporate Secretary's office. Defined Benefit's Investment Policy Susan Devon, Chief Financial Officer (CFO) gave a brief overview of the Defined Benefit Investment Policy process. Keith Azar, Micheal Muirhead, and Marie Vanerian of Merrill Lynch were also present to answer questions if needed. During the past year, a request for proposal was issued for an investment advisor for the BWL's Defined Benefit and Post-Employment Benefit Plans respectively. Upon completion of the process, Merrill Lynch was selected as the investment advisor and staff has since worked with them regarding the investment policy statement and the asset allocation recommendation. Revisions to the investment policy statement provide additional clarity, better understanding of the roles between the Board of Commissioners, the Finance Committee and Chief Financial Officer, and also includes Public Act 314 requirements. The proposed asset allocation strategy recommends reducing foreign equity and core fixed income while increasing large cap equity. Changes to the portfolio will enhance its efficiency and change the 12.46% current risk and 8.04 % rate of return to 13.00% and 8.20% respectively. It was also noted that the fifth paragraph of the resolution should read, "amend" as oppose to "rescind". Board Meeting September 23,2008 Page 7 of 24 In response to a Commissioner inquiry, Marie Vanerian noted that minor changes to the policy indicated that thoughtful work had been done in the past and traditionally one would not see large changes in the asset allocation mix. The work done is very strategic and they are looking at long-term risk return and correlation of different asset classes over time. It was further noted that Defined Benefits are a pool of assets that need to generate income in going forward. On motion by Commissioner Thomas, seconded by Commissioner Lain to approve the proposed resolution for the Revised Defined Benefit Plan Investment Policy Statement as amended and forward it to the full board for consideration and approval. Action: Carried unanimously. VEBA Trust Investment Policy Susan Devon noted that the Defined Benefit Investment Policy is similar to that of the VEBA Trust Investment Policy. The asset allocation recommendations are more aggressive with respect to increasing its value, as the Post-Employment Benefit Plan is currently under funded and annual contributions to the plan will continue to be made. Changes to the asset allocation mix would occur in the following asset classes: large cap equity, small cap equity, foreign equity, 3-month T-bill, core fixed income and private equity. The current asset allocation strategy carries a risk of 11.66% and returns are 7.75%. The asset allocation mix recommended would change the risk and return to 13.00% and 8.20% respectively. It was also advised that the fifth paragraph of the resolution should read, "amend" as oppose to "rescind". On motion by Commissioner Cochran, seconded by Commissioner Lain to approve the proposed resolution for the Revised Post-Employment Benefit Plan (VEBA Trust) Investment Policy Statement as amended and forward it to the full board for consideration and approval. Action: Carried unanimously. Update on General Motors Steam Settlement J. Peter Lark, General Manager reported that a settlement had been reached with General Motors (GM) in regards to the contractual termination fees associated with the cessation of steam delivery to GM Plants 1 and 6. Mr. Lark thanked Doug Wood, Executive Director of Operations and Susan Devon, CFO for their hard work regarding this endeavor. Ms. Devon also noted that total termination fees the BWL can expect to receive by September 2009 equal $12.8 million. Commissioners Cochran and Kramer congratulated staff in resolving a long-standing issue to both the satisfaction of the BWL and the customer. Bond Resolution— 1999B Bond Refinancing Susan Devon introduced Bond Advisor Warren Kramer and Bond Attorney Bill Danhoff who were available to answer questions regarding bond refinancing. As such, Susan Board Meeting September 23,2008 Page 8 of 24 Devon explained that the Series 1999B Junior Lien Bonds were used to develop the Central Utilities Complex at the General Motors Lansing Grand River Facility. The proposed resolution would allow the BWL to refinance the bonds at a lower interest rate and reduce the rate covenant from to 150% to 125%, which would reduce the debt service requirement over the life of the bonds thereby, mitigating the risk. The 1999B Bonds represents 40% of the BWL's outstanding bonds and GM is responsible for paying the bond principle and interest. In order to take this action the BWL must receive GM's consent. As such, GM is supportive of the changes and would like the BWL to move forward. The interest rate is currently 7.5% with hopes to refinance at a rate between 5.0% - 5.5%. In response to a Commissioner inquiry, Bill Danhoff reported that in exchange for reducing the interest rate, GM was asked to make-up the difference in the debt service as a fee to the BWL. Hence, refinancing the bonds does not jeopardize the BWL's collection from GM. On motion by Commissioner Lain, seconded by Commissioner Rodocker to approve the proposed resolution Authorizing Sale of Refunding Bonds for Series 1999B Junior Lien Bonds and to forward it to the full board for consideration and approval. Action: Carried unanimously. Rate of Return Assets Recommendation Susan Devon gave an overview of the Return on Assets Research and Recommendation presentation materials. The proposed resolution recommends using the Utility Financial Solutions method thereby, changing the overall rate of return for fiscal year 2009 to 6.18% including a return on equity of 6.31%. Utility Financial Services conducts cost of service studies and rate of return recommendations for municipal utilities located in Michigan and other areas. Not including investor owned utilities, Michigan's municipals average a return on equity of 5% - 7%. Net plant financed debt is 30.08% and equity in assets is 69.92%, which gives a combined weighted average of 6.18% (net plant 1.77% plus equity in assets of 4.41%). Through research and review, staff recommended the BWL use a modified Utility Financial Solutions (UFS) method applied to net fixed assets plus materials and supplies. All of the various rates of return application methods are reasonable but the UFS method is easily understood and explained to others. In response to a Commissioner inquiry, Ms. Devon noted that the BWL achieved a rate of return on electric of 4% and the other utilities are well below that amount. In addition, it was noted that the Commissioners and staff would have future discussions regarding the impact of rate adjustments relative to the new rate of return. Following brief discussion, it was suggested that the resolution language in the last paragraph be changed to read a, "rate of return target" to reflect the BWL's attempt to meet this respective goal. On motion by Commissioner Cochran, seconded by Commissioner Thomas to approve the Return on Assets proposed resolution as amended, and to forward it to the full board for consideration and approval. Board Meeting September 23,2008 Page 9 of 24 Action: Carried unanimously. There being no further business, the meeting adjourned at 4:55 p.m. Respectfully submitted, Peter W. Kramer, Chair Finance Committee COMMITTEE OF THE WHOLE September 9, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Tuesday, September 9, 2008. Committee of the Whole Chair Sandra Zerkle called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Tony DeLuca, Semone James, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioners Robert Cochran, Peter Kramer and Tracy Thomas. Public Comments General Manager J. Peter Lark announced that Senior Internal Control Analyst Kathryn Krause passed stringent academic, professional, and character requirements to become a Certified Fraud Examiner CFE). The CFE exam taken by Ms. Krause was comprised of financial transactions, fraud investigation, legal elements of fraud, and criminology. Certification in this field denotes proven expertise in fraud prevention, detection, deterrence, and investigation. Mr. Lark also announced the upcoming 2nd Annual Connections Live event scheduled for Monday, September 15, 2008 from 5:30 p.m. to 7:30 p.m. at Dwight Rich Middle School. The event will be an opportunity to discuss issues such as, energy efficiency, Pennies For Power, Greenwise program and tree trimming. All Commissioners were invited to attend. Approval of Minutes Motion by Commissioner Lain, seconded by Commissioner DeLuca to approve the minutes of the Committee of the Whole meeting held July 8, 2008. Action: Carried unanimously. Fair and Accurate Credit Transactions Act (FACTA) Mike Collins, Manager of Internal Controls briefly explained that following the Board of Commissioners authorization to establish an identity theft program, staff took several Board Meeting September 23,2008 Page]0 of 24 steps to design and implement said program. Some of those steps included attending a FACTA seminar to gain a better understanding of its rules and regulations, the appointment of Chief Financial Officer Susan Devon as the Board of Water and Light's (BWL) Privacy Officer, and the establishment of a privacy committee and associate members. The privacy committee members include Harvey Briggs, Mike Collins, Brandie Ekren, Gennie Eva, Mike Flowers and Jerry Mills. The associate members who will also be significantly involved in the programs development and implementation include Rebecca Bidelman, Laurie Briggs-Dudley, Dallas Burdick, Karen Burdick, Whitney Ezis, Greg Hess, Kathryn Krause, Anne Stump and Linda Taylor. Staff is in the process of completing a needs assessment and will develop a training program for supervisors and essential employees. The program and associated training are designed to help improve handling and safeguard of personal customer information. On motion by Commissioner James, seconded by Commissioner Rodocker, the Committee of the Whole agreed to move the proposed resolution for the Identity Theft Prevention Program Policy to the full board for consideration and approval. Action: Carried unanimously. Record Retention Policy J. Peter Lark advised that BWL staff members worked with the State of Michigan Department of History, Arts and Libraries, Records Management Services to develop a records retention policy. Upon approval by the Board of Commissioners, the retention policy and disposal schedule will be forwarded to the Records Management Services, the Archives of Michigan and the State Administrative Board. Mike Collins further noted that with the assistance of Caryn Wojick from the State of Michigan, a significant amount of time was spent with staff developing the necessary retention schedules to cover all BWL critical business functions. Once the approval process is complete, the BWL will have the legal right to begin disposal of records and will also develop a procedure that will address the proper disposal mechanism. On motion by Commissioner Lain, seconded by Commissioner James, the Committee of the Whole agreed to move the proposed resolution for the Record Retention Policy to the full board for consideration and approval. Action: Carried unanimously. MMEA Mutual Aid Agreement J. Peter Lark noted that although the BWL was not a participating member of the Michigan Municipal Electric Association (MMEA) Mutual Aid Agreement several members came to its aid during the previous storm. There are 29 mutual aid participating members and the agreement specifically lays out the terms of the program when municipal utilities assist one another by request. Doug Wood, Executive Director of Electric Operations advised that the agreement standardizes the relationship between municipal members during a storm event in regards to payment of labor, material and Board Meeting September 23,2008 Page 11 of 24 equipment costs, liability, and indemnification. The agreement is a 30-year term of which any member can withdraw at anytime. On motion by Commissioner Lain, seconded by Commissioner Rodocker, the Committee of the Whole agreed to move the proposed resolution for the MMEA Mutual Aid Agreement to the full board for consideration and approval. Discussion: In response to Commissioner inquires, staff confirmed that the mutual aid agreement works for both the BWL and participating members. Hence, participating members can contact the BWL for assistance if needed. In the addition, the party requesting aid also provides the supervision for the parties responding to their call. Employees are paid at their present rate of pay when assisting another entity and if people are assisting the BWL then they are also paid at their usual rate of pay including overtime when applicable. Furthermore, the markup for overhead is 1.5 times the multiplier. Action: Carried unanimously. Resolution Honoring Joseph E. Graves,Jr. Commissioner James noted a correction to the resolution honoring former Commissioner Joseph E. Graves, Jr. in which the second paragraph should read "At Large Ward" and not "First Ward". On motion by Commissioner James, seconded by Commissioner Lain the Committee of the Whole agreed to move the proposed resolution Honoring Joseph E. Graves, Jr. to the full board for consideration and approval. Action: Carried unanimously. Executive Committee Member Election Commissioner Lain advised that the Board of Commissioners Executive Committee is in need of one additional member. In response to Commissioner Lain's inquiry, no one expressed interest in sitting on said committee. On motion by Commissioner Lain, seconded by Commissioner James, the Committee of the Whole nominated Commissioner Peter Kramer to the Board of Commissioners Executive Committee. Action: Carried unanimously. Other Commissioner Zerkle noted that there was discussion at the July 22, 2008 board meeting regarding the new procedure for service reconnection. It is her understanding that the General Manager and IBEW Local 352 representatives met and resolved the issue to the satisfaction of the customer, employee, and the BWL. As such, Commissioner Zerkle asked that the letter presented by the IBEW on September 9, 2008 at the Committee of the Whole meeting be introduced into the minutes. Board Meeting September 23,2008 Page 12 of 24 Commissioner DeLuca asked to be excused from the September 23, 2008 board meeting, as he will be out of town and unable to attend. There being no further business, the meeting adjourned at 5:56 p.m. Respectfully submitted, Sandra Zerkle, Chair Committee of the Whole FINANCE COMMITTEE September 18, 2008 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:00 p.m. on Thursday, September 18, 2008. Finance Committee Chair Peter Kramer called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Peter Kramer and Tracy Thomas. Alternate committee member Tony DeLuca was present in addition to Commissioner Frank Lain. Absent: Commissioner Julee Rodocker Public Comments There were no public comments. Approval of Minutes Motion by Commissioner Cochran, seconded by Commissioner Thomas to approve the minutes of the Finance Committee meeting held August 4, 2008. Action: Carried unanimously. Presentation of Audited Financial Statements Susan Devon, Chief Financial Officer(CFO) presented the fiscal year-end June 30, 2008 Audited Financial Statements for the Board of Water and Light (BWL) Enterprise Funds. In comparison to fiscal year 2007, there was an increase in total net assets of$13.7 million and a return on total net assets of approximately 2.7%. Labor, materials and other expenses increased due to storm damage that occurred in June 2008. Depreciation expenses for fiscal year 2008 were also higher, as new plant assets were added and the SAP financial module was more precise in calculating depreciation as opposed to previously used manual calculations. In addition, expenses related to fuel, coal, and rail costs also increased in fiscal year 2008. Board Meeting September 23,2008 Page 13 of 24 Doug Rober, Managing Partner with Plante &Moran was also present and distributed required communication letters for each financial statement that included the Enterprise Fund, Defined Benefit Plan, Pension Plan and the Retiree Benefit Plan and Trust. Supplemental materials for the purpose of the presentation were also distributed. Mr. Rober reviewed the Enterprise Fund financial report, which was an unqualified opinion on the audit of the enterprise and pension funds. Some of the items specifically referenced included the environmental remediation costs, General Motors (GM) steam service termination fees,bond issuance, and emission sales. In addition, Mr. Rober also reviewed historical information contained within the supplemental report that addressed the following topics: • Comparison of Operating Revenue by utility category from 2005 —2008. • Comparison of Operating Expenses by expense category from 2005 —2008. • Comparison of Significant Power Costs from 2004—2008. • Comparison of Operating Income (Loss) from 2004—2008. • Comparison of Kilowatt Hours Generated Versus Purchased from 2004—2008. • Comparison of Sales Source of Kilowatt Hours Generated from 2004—2008. • Comparison of Bond Debt Service Requirements from 2008—2013. In response to a Commissioner inquiry, Gennie Eva Manager of Financial Services advised that most of the steam issues over the last 3 years were in relation to a billing discrepancy and settlement of termination fees with GM. It was noted that since the closing of GM plants, in going forward, steam billing and accounting treatments should be consistent. However, the BWL is budgeting a loss in the steam utility. In response to another inquiry, staff also noted that generated but unsold kilowatt-hours are considered line loss. BWL line losses are low in comparison to other Michigan utilities, which are contributed to the age of its infrastructure and the distance needed to travel to deliver service. In continuation of the presentation, Mr. Rober also reviewed the management letter that contained audit comments and recommendations as well as management's response. The management letter included information relative to the following topics: • Stores Inventory • Accounts Receivable • Capital Assets • Approval Documentation • IT Systems 1) Access Termination 2) Segregation of Duties 3) User Access Review 4) Perimeter Controls 5) Authentication Controls—Network and Financial Applications 6) Information Security Program 7) Third-Party Services • Defined Contribution Loans Board Meeting September 23,2008 Page 14 of 24 Emissions Allowances In response to a Commissioner inquiry, Susan Devon noted that SAP modules were implemented in April 2007. Hence, stores inventory cycle counting was not in place last year due to the implementation of the new module. Since the implementation a plan is in place, staffing levels have increased, and Stores is now able to conduct cycle counting. Following further discussion, Doug Rober also advised that none of the items in the management letter are significant deficiencies. The general recommendations provided in said letter should enhance the controls and structure of the aforementioned items. Susan Devon also noted that the Internal Controls Department is in the process of conducting an assessment of capital assets to identify risks and internal controls that need to put in place. The assessment is scheduled for completion by the end of the year. In response to a Commissioner Cochran's inquiry, staff confirmed that the auditors' recommendations would be implemented simultaneously and also assigned to specific persons, but a timeline had been included. In lieu of developing said timeline, Commissioner Lain suggested his meeting with the CFO to receive status report updates regarding the auditors' recommendations. Presentation of Electric Cost of Service Study Bill Aldrich, Manager of Finance and Planning gave a brief overview of the Electric Cost of Service Study—2009 Test Year. The study based on the fiscal year 2009 budget, estimates the net revenue requirement from retail rates needed to meet net return on assets. The study also takes into account the new net return on assets rate of 6.18% and the payment in lieu of taxes rate of 4%. The returns by class of customers recommend a rate increase to meet the increased revenue requirement. However, the BWL is in good condition relative to different rate classes, as they do not cross subsidize one another. In response to a Commissioner inquiry, it was noted the information contained in the study would be extremely helpful with regard to future rate discussions relative to splitting rate changes between residential and commercial customers, and service charges. It was also advised that new proposed Michigan legislation for private utility companies intended to eliminate cross subsidization would increase residential customer rates. The legislation would primarily affect DTE and Consumers Energy customers, as the BWL is in good standing relative to cross subsidization. Presentation of Environmental Remediation Surcharge Proposal Susan Devon gave a brief overview regarding Electric and Steam Environmental Surcharges. It was noted that the BWL has not recognized $15.7 million in expenses for environmental restoration projects at the North Land Fill and Comfort Street sites, as the Board of Commissioners gave permission for deferral under FAS 71. Thereby, allowing customers to pay the expenses through a surcharge over a period of 5 years. The revenues and expenses can be recognized as they come in which was viewed positively by the external auditors. Staff proposed a$0.002/kWh electric surcharge to be billed to all rate classes except that of outdoor protective lighting and street lighting. In addition, a Board Meeting September 23,2008 Page 15 of 24 $0.25/Mlb steam surcharge would also be billed to all steam rate classes except that of GM. The electric and steam surcharge would act similar to that of the energy cost adjustment and would be included in the commodity charges. Following brief discussion, staff clarified that there is no action necessary at this time, as a rate hearing and proposal sheet is needed to move forward. It was also advised that this is an agenda topic that the Board should expect to see in the future. Staff also understood from the Commissioners that a bundled package of materials that took into account the cost of service study would be appropriate for said discussion. Plan Advisor 40[(a) and 457 Susan Devon briefly reviewed the 401(a) Defined Contribution Pension and 457 Deferred Compensation Savings Plan Bid Evaluations. Upon conclusion of the review, it was recommended that the BWL combine the plan administration of both plans under ICMA —RC due to the best, most cost-effective plan administration services. On motion by Commissioner Cochran, seconded by Commissioner Lain, the Finance Committee agreed to move the proposed resolution for the Selection of ICMA as Plan d Contribution 401(a) and 457 Plans to the full Administrator for the Combined Define board for review and consideration. Discussion: In response to a Commissioner inquiry regarding the effects of the current market, Susan Devon noted that ICMA is a nonprofit organization and there is nothing that they are aware of in that regard that would affect the plan. Ms. Devon went onto advise that she would discuss the matter with ICMA and advise the Board of any additional information. Action: Carried unanimously. Update on Replacement of Cooling Tower Doug Wood, Executive Director of Electric Operations gave a brief update regarding the rs due to the June 2008 storm. As such, the following replacement of the cooling towe information was provided. Cooling Towers Tower removal, temporary cooling tower estimate, and cooling tower replacement • costs total $3,680,000. • Insurance proceeds are $734,000. Estimated cost recovery from FEMA for cooling towers is $2,867,000. •• Un-recovered costs total an estimated $79,000. T&D System • Storm related expenses, which include overtime and direct costs were $1,169,000. • Estimated FEMA eligible costs for reimbursement are$948,000. System Totals Board Meeting September 23,2008 Page 16 of 24 • Total storm related costs are estimated at $4,848,000. • Estimated recoverable costs to date are $4,549,000 (dependent upon final costs and FEMA allowances). There being no further business, the meeting adjourned at 5:23 p.m. Respectfully submitted, Peter W. Kramer, Chair Finance Committee MANAGER'S RECOMMENDATIONS esolution 2008-9-I A. Identity Theft Prevention Program Policy WHEREAS, the Fair and Accurate Credit Transactions Act of 2003 (FACT Act of 2003) amended the Fair Credit Reporting Act of 1970 (FCRA) requiring creditors that maintain covered accounts to develop and implement a written Identity Theft Prevention Program; and WHEREAS, the Board of Commissioners believes a written Identity Theft Prevention Program consistent with the FACT Act of 2003 may be considered best practices and appropriate for the Lansing Board of Water and Light; WHEREAS, the Board of Commissioners have previously designated the General Manager the oversight, development, implementation and administration of an appropriate Program to prevent, detect, and mitigate identity theft in connection with customer accounts; RESOLVED, that the Board of Commissioners for the Board of Water and Light hereby adopt the following policy: Fair and Accurate Credit Transaction Act of 2003 is deemed best practices. Therefore, the Lansing Board of Water and Light shall establish and maintain an Identity Theft Prevention Program consistent with the guidelines set forth in the Fair and Accurate Credit Transaction Act of 2003. The General Manager will appoint a Privacy Officer to administer the Program. The Privacy Officer, with assistance from the privacy committee members, is responsible for developing appropriate written procedures and. -------------------- Board Meeting September 23,2008 Page 17 of 24 Motion by Commissioner James, seconded by Commissioner Kramer to approve the Identity Theft Prevention Program Policy resolution. Action: Carried unanimously. esolution 2008-9-2 B. Records Retention Policy and Records Retention and Disposal Schedule WHEREAS, Michigan law (MCL 399.5 and 750.491)requires that all public records be listed on an approved Retention and Disposal Schedule that identifies the minimum amount of time that records must be kept to satisfy administrative, legal, fiscal and historical needs; and WHEREAS, the Michigan Freedom of Information Act (FOIA) (MCL 15.231-15.246) defines public records as recorded information "prepared, owned,used, in the possession of, or retained by a public body in the performance of an official function, from the time it is created." RESOLVED, that the Board of Water and Light Policy 18-01 "Records, Retention" is hereby amended as follows: The Board of Water and Light (BWL) shall only retain records during the period of their immediate use, unless a longer retention period is required by law or for internal or historical reference. A Records Retention and Disposal Schedule, as approved by this Board and the Records Management Services, the Archives of Michigan and the State Administrative Board, shall specify the length of time records are to be retained. Where the BWL has knowledge that some records are or may become relevant to a legal action, such records shall not be destroyed except and until the legal issues have been resolved and with the approval of the Staff Attorney. FURTHER RESOLVED, that the Retention and Disposal Schedule proposed by the General Manager be approved and forwarded to the Records Management Services, the Archives of Michigan and the State Administrative Board for their approval. -------------------- Motion by Commissioner Zerkle, seconded by Commissioner Rodocker to approve the Records Retention Policy and Records Retention and Disposal Schedule resolution. Action: Carried unanimously. esolution 2008-9- C, MMEA Mutual Aid Agreement Board Meeting September 23,2008 Page 18 of 24 WHEREAS, the Lansing Board of Water & Light is a member of the Michigan Municipal Electric Association (MMEA); and WHEREAS, from time to time it becomes necessary for members of MMEA to request emergency assistance in the form of equipment and personnel from other MMEA members in connection with the operation of their respective electric utilities; and WHEREAS, MMEA has prepared a standardized written agreement entitled the "MMEA Mutual Aid Agreement" which sets forth requirements and conditions regarding the furnishing of emergency assistance by MMEA members to one another; and WHEREAS, it is advisable and in the best interest of the Lansing Board of Water & Light to have standardized requirements, obligations and conditions under which emergency assistance will be furnished to, or may be requested by the Lansing Board of Water& Light; and WHEREAS, all of the terms of the MMEA Mutual Aid Agreement are acceptable to the Lansing Board of Water& Light and are in the best interests of its ratepayers. WHEREAS, the Lansing Board of Water & Light desires to designate the persons authorized on its behalf to request emergency assistance or to act on the Lansing Board of Water & Light's behalf in response to requests for emergency assistance as set forth in the MMEA Mutual Aid Agreement. NOW, THEREFORE, BE IT RESOLVED, that the General Manager is authorized to sign and enter into the MMEA Mutual Aid Agreement, and The following persons are hereby designated and authorized to request emergency assistance on behalf of the Lansing Board of Water & Light under the MMEA Mutual Aid Agreement and to approve requests made to the Lansing Board of Water & Light for emergency assistance under that agreement. These persons are listed in the specific descending order in which they are authorized on behalf of the Lansing Board of Water & Light to request emergency assistance or, alternatively in which they are to be contacted by another signatory to the agreement, if the person at the top of the list is not timely available under the applicable circumstances. 1. J. Peter Lark 2. Douglas Wood 3. Timothy Palmer 4. James Macklin The preceding list may from time to time be amended by the General Manager. -------------------- Motion by Commissioner Thomas, seconded by Commissioner Cochran to approve the MMEA Mutual Aid Agreement resolution. Board Meeting september 23,2008 Page 19 of 24 Action: Carried unanimously. esolution 2008-9- D, Selection of ICMA as Plan Administrator for Combined Define �._:t.ri utio ((401a) and457 Plans VVll Ll A5 Board of Commissioners directed a review of plan administration for the WHERE , Defined Contribution Pension Plan and the 457 Plan; and sioners W HEREAS,the Finance Committee of the Board o ov der rs is pension planed that a Request for Proposals (RFP)be issued to various pr administration services, and strators has let to the WHEREAS, an extensive review of potential plan mbineadminithe plan administration of both determination that the best course of action is to cO the 401a and 457 plans under one administrator; and ers for the Board NOW THEREFORE BE IT RESOLVED, that hig Bo determines that ICMA shouldd of Commission plan be of Water and Light of the City of Lansing, reta ined as the Plan Administrator for the Combined Defined Contribution Pension and the 457 Plan. econded by Commissioner Kramer to approve the Motion-by Commissioner lan amen,Admi s st ator for Combined DC (401 a) and 457 Plans Selection of ICM resolution. Action: Carried unanimously. Vesolution 2008-9- ment Rider for Chilled Water E. Economic Develo ering chilled water to customers in the downtown WHEREAS,the BWL began off Lansing area in the summer of 2001; and EAS currently the State of Michigan, Constitution Hall,Michigan Economic WHERE Development Corporation and Ingham County Courts are chilled water customers; an P ater enances WHERE ,AS the Economic Development Rider for Chilled Wail eshn the BWL'muc development by encouraging customers to locate or expand will result in a net benefit to the BWL and its customers; and serv ice area which acity for the foreseeable future; WHERE AS, the BWL will have ample chilled water cap and Board Meeting September 23,2008 WHEREAS, the proposed Economic Development Rider for Chilled Water offerPage'o oeza discounts to customers on the capacity charges for the first 6 years; and s WHEREAS, adding new chilled water customers will add to revenues which can keep rates more stable; and help WHEREAS, a public hearing on the Economic Development Rider for Chilled W was held on September 8, 2008. Water RESOLVED, that the Economic Development Rider for Chilled Water be aPP rov the Board of Commissioners with an effective date of November 1, 2008. ed by CHILLED WATER: Economic Development Rate Rider (Attachment) Motion by Commissioner Cochran, seconded by Commissioner Rodocker to a Economic Development Rider for Chilled Water resolution. Pprove the Action: Carried unanimously. UNFINISHED BUSINESS Commissioner Cochran inquired as to whether or not it was necessary for the Boa resurface a previously tabled matter and refer it to committee. rd to In response Commissioner Lain noted that any Commissioner at anytime could motion to bring an item off the table. make a After brief discussion and in an effort to show a clear path of intent, the Board took the following action: oo On motion by Commissioner James, seconded by Commissioner Cochran, the B Commissioners motioned that the resolutions to approve the Corporate Secretary's oard of contract and compensation be referred to the review. Human Resource Committee for further Action: The motion carried by roll call vote. Yeas: Commissioners Cochran, James, Kramer, Lain, Rodocker, Thomas and Ze Nays: None. rkle. Absent: Commissioner DeLuca. NEW BUSINESS None. Board Meeting September 23,2008 Page 21 of 24 RESOLUTIONS esolution 20 88-9- BOARD OF WATER AND LIGHT RESOLUTION HONORING JOSEPH E. GRAVES,JR• sion of our thanks and best WHEREAS, it is a pleasure to extend this expressioner of the Board of Water wishes to Joseph E. Graves, Jr., for his service as a Comm and Light; and Commissioner of the Jr.,WHEREAS, Joseph E. Graves, was appointed as a Board si g. D Water and Light on April 11, 2005,to represent the At Large Ward dtn the City of Lansing. During his time n the Board, o served on the oneRules s ' e Human Resources Committee, Ad-Hoc Committee on the Rules of Executive Commttte , Administrative Procedure, and the Ad-Hoc CPa Chair Eletee for ct;and Development; also served as Finance Committee Chair and t with City of Lansing as WHEREAS, Joseph E. Graves, Jr.,past employmen and with the State of Michigan, as Chief Deputy Director r ct hos the numerous y Chief of Staff, Community Black Child Services Administration,Michigan Department of Social Big Brothers and Big community organizations such as the Child Abuse and Neglect,Concerns, n and Family Institute, Council Agains g Food Sisters,National Association for AdvancemenUocColored ll contributed torenhancing the Bank, and is a member of Mt. Zion Baptist quality of life at the Board of Water and Light and the best interest of citizens,business, and industry in Lansing; and WHEREAS, on behalf of his colleagues, employees of the Board of Water W gratitude for the time, energy, and Light and the citizens of Lansing, of the Board of Water and Light. and talent he devoted as a reby honor and commend d service. In Regular Session RESOLVED,That the members of this board he Joseph E. Graves, Jr. for his over three years of distinguished 3rd da of September 2008, we wish Joe continued success in all his future this 2 Y endeavors. BOARD OF COMMISSIONERS Sandra Zerkle,Vice Chair Frank Lain Tony DeLuca Robert W. Cochran Board Meeting September 23,2008 Page 22 of 24 Semone M. James, Past Chair Peter W. Kramer Julee M. Rodocker Tracy Thomas Motion by Commiss resolut loner James, seconded by Commissioner Kramer ion Honoring Joseph E. Graves, Jr. to approve the Action: Carried unanimously. MANAGER'S REMARKS Chilled Water Groundbreaking. General Manager J. Peter Lark thanked those who were in attendance for the Chilled Water Groundbreakin g. He noted the undertaking by staff and also thanked those who were involved in coordinating ating the event. COMMISSIONERS' REMARKS In response to public comments, Commissioner Zerkle indicated that future informal public comments are received for rie the record, ta neration are g meetings with dialogue regarding b She also noted that ken very seriously,Board of Commissioners. y, and reviewed by the Commissioner Lain echoed Co mmissioner Zerkle,s sentiments and thanked the public for their comments. He clarified that thepurpose information. In addition Co ain also comment is to receive d note thatner Lain also advised that there would be Opportunities for dialogue and noted that the Board is very interested in what t has to say. he public Commissioner Thomas thanked those who made remarks during public comment. He advised that the Board of Commissioners are listening to the public and take comments seriously. Commissioner Thomas also thanked General Manager their staff for their efforts regarding the Chilled Water Groundbreakingand of b ark and Commissioner James advised that former Commissioner her tasks. as he served the City of Lansing well through his expertise, mental agility, would spirited missed debate. Commissioner James also noted that Mr. Graves was a fine Commissioner and spirited person, and she wished him well in all his future endeavors. mrrussioner and Commissioner Lain echoed Commissioner James' sentiment and noted that former Commissioner Joseph Graves is a beautiful person who will be missed. Board Meeting September 23,2008 Page 23 of 24 EXCUSED ABSENCE On motion by Commissioner James, seconded by Commissioner Cochran to excuse the absence of Commissioner Tony DeLuca. Action: Carried unanimously. PUBLIC COMMENTS None. ADJOURNMENT On motion by Commissioner Cochran, seconded by Commissioner Thomas, the meeting adjourned at 6:15 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk October 2, 2008 Board Meeting September 23,2008 Page 24 of 24 Board of Water and Light, Lansing, Michigan—Chilled Water Rates ECONOMIC DEVELOPMENT RIDER FOR CHILLED WATER Purpose—The primary purpose of this rider is to enhance economic development in the Board of Water& Light (BWL) service area. It will be offered to new customers when, in the utility's judgment, the availability of the rider is a major factor for the customer choosing to take chilled water service and will result in a net benefit to the BWL and its customers. Availability—The rider is available to new commercial and industrial customers that qualify for General Chilled Water Service Rate No. 1. This rate would be available for the first six years from the date of the contract. All provisions of this rider are the same as the General Chilled Water Rate No. 1 with the following exceptions: Monthly Rate Capacity Charge: A discount on the capacity charge will be made available under this rider. The capacity charge per ton will be as follows: Contract Year Capacity Charge (per ton) 1 - 2 $10.00 3 - 4 $20.00 5 - 6 $30.00 At the start of the seventh year and all years thereafter, the customer will be billed the standard capacity charge as listed in the General Chilled Water Service Rate 1. Adopted: September 23, 2008 Effective: November 1, 2008 Approved by the Board: September 23, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT rh /J Tuesday, August 12, 2008 c t The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Peter Kramer, Frank Lain, Julee Rodocker, Tracy Thomas and Sandra Zerkle. Absent: None The Secretary declared a quorum present. Chairperson fames Lain called the meeting to order at 5:30 p.m. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. COMMUNICATIONS Letter from Ron Byrnes, IBEW Local 352 Business Manager and Jim Dravenstatt- Moceri, Assistant Business Manager regarding same day service. The letter was read into the record and received and placed on file. Commissioner Cochran expressed concern over new policies not brought before the Board of Commissioners in light of current customer relations. He requested that the Board be involved in the decision-making process prior to implementation. Commissioner James echoed Commissioner Cochran's sentiments and inquired why, given the effect upon ratepayers, the Board was not involved. Commissioner James requested that implementation of the new change not take place as presented. Special Board Mtg. August 12,2008 Page 2 of 22 General Manager J. Peter Lark clarified that the change was operational in nature and within management's judgment. He further highlighted the change improves efficiency and safety, reduces overtime, and saves approximately$70,000 a year. Because the Board of Water and Light (BWL) does not turn-off service for non-payment on Friday's, customers have a full business day to make payment and have service restored the same day when possible. Mr. Lark advised that the change was not scheduled to take place as of yet. Therefore, while he thought this to be good policy, he was confident there was time to amicably resolve any particular issues in order to ensure the BWL realizes savings while providing utmost customer service. Lark also advised that he intended to have continued discussion with union representatives. In response to Commissioner inquiries, Mr. Lark highlighted that all customers are affected by the policy. Making decisions that benefit most customers while saving money requires the balancing of interests. Mr. Lark advised that he would make a better effort in understanding those matters that affect the Board. In addition, Mr. Lark confirmed that the policy would not go into effect at this time. Commissioner Lain asked that when the General Manager deems necessary, the Board of Commissioners should receive 48-hours notice prior to implementing changes that affect the end-user. It was also agreed that this matter would be referred to the Committee of the Whole for further discussion if necessary. MANAGER'S RECOMMENDATIONS esolution 2008-8-1 A. Revised Defined Benefit Plan Investment Policy Statement Whereas, the Board has engaged Merrill Lynch Institutional Consulting Group to provide consulting advisory services to the Defined Benefit Plan for Employees' Pension regarding Investment Policy Statement review; Strategic Asset Allocation Modeling; Investment Manager due diligence, search, and selection; Portfolio Strategy and Performance Measurement; and Whereas, on July 15, 2008 Merrill Lynch Institutional Consulting Group updated the Finance Committee on the results of its Asset Allocation Study for the Defined Benefit Plan that was completed utilizing its Strategic Allocation Modeling technique to determine a long range asset mix that represents an appropriate blend of risk and return; and Whereas, the Trustees of Lansing Board of Water and Light Defined Benefit Plan for Employees' Pension, consisting of all members of the Board of Commissioners, desire to revise the asset allocation mix for the investments in the Trust Fund; and Whereas, the Board of Commissioners desire to update the Investment Policy Statement for the Lansing Board of Water and Light Defined Benefit Plan for Employees' Pension Special Board Mtg. August 12,2008 Page 3 of 22 consistent with recommendations provided by Merrill Lynch Institutional Consulting Group. RESOLVED, That the Board of Commissioners amend the resolution dated March 27, 2007, adopting policy changes to the Defined Benefit Investment Policy; and FURTHER RESOLVED, that the Board of Commissioners hereby approve the amended Investment Policy Statement for Lansing Board of Water and Light Defined Benefit Plan for Employees' Pension dated July 2008, as attached. -------------------- Motion by Commissioner Cochran, seconded by Commissioner James to approve the resolution for the Revised Defined Benefit Plan Investment Policy Statement. Action: Carried unanimously. esolution 2008- B. Revised Post-Employment Benefit Plan (VEBA Trust) Investment Policy Statement Whereas, the Board has engaged Merrill Lynch Institutional Consulting Group to provide consulting advisory services to the Post-Employment Benefit Plan (VEBA) regarding Investment Policy Statement review; Strategic Asset Allocation Modeling; Investment Manager due diligence, search, and selection; Portfolio Strategy and Performance Measurement; and Whereas, on July 15, 2008 Merrill Lynch Institutional Consulting Group updated the Finance Committee on the results of its Asset Allocation Study for the Post-Employment Benefit Plan (VEBA) that was completed utilizing its Strategic Allocation Modeling technique to determine a long range asset mix that represents an appropriate blend of risk and return; and Whereas, the Trustees of Lansing Board of Water and Light Post-Employment Benefit Plan (VEBA), consisting of all members of the Board of Commissioners, desire to revise the asset allocation mix for the investments in the Trust Fund; and Whereas, the Board of Commissioners desire to update the Investment Policy Statement for the Lansing Board of Water and Light Post-Employment Benefit Plan (VEBA) consistent with recommendations provided by Merrill Lynch Institutional Consulting Group. RESOLVED, that the Board of Commissioners amend the resolution dated March 27, 2007, adopting policy changes to the VEBA Trust Investment Policy; and FURTHER RESOLVED, that the Board of Commissioners hereby approve the amended Investment Policy Statement for Lansing Board of Water and Light Post-Employment Benefit Plan (VEBA) dated July 2008, as attached. Special Board Mtg. August 12,2008 Page 4 of 22 -------------------- Motion by Commissioner Cochran, seconded by Commissioner James to approve the resolution for the Revised Post-Employment Benefit Plan (VEBA Trust) Investment Policy Statement. Action: Carried unanimously. esolutiou 2008-8-3 C. Sale of Refunding 1999B Bonds RESOLUTION AUTHORIZING SALE OF REFUNDING BONDS UNDER FOURTH SUPPLEMENTAL REVENUE BOND RESOLUTION A RESOLUTION TO: • Refund the Subordinate Lien Revenue Bonds, Series 1999B (Federally Taxable) through issuance of up to $60,000,000 of Subordinate Lien Revenue Refunding Bonds (Federally Taxable); • Create and Fund the Series 2008B Junior Lien Bond Reserve Account; • Reduce future Rate Covenant to 125% of debt service; • Refunding Bonds to be sold by Negotiated Sale; • Chief Financial Officer to Select Underwriters of Bonds; • Chief Financial Officer to sell Bonds within parameters of this resolution; and • Other matters relative to issuance, sale and delivery of Bonds. WHEREAS, the City of Lansing acting by and through the Lansing Board of Water and Light has previously issued its revenue bonds payable from revenues of the Water Supply, Steam, Chilled Water and Electric Utility System under the provisions of Act 94, Public Acts of Michigan, 1933, as amended, and a Bond Resolution amended and restated on October 24, 1989 and further amended and supplemented as described under the definition"Bond Resolution"below; and WHEREAS, under the terms of the Fourth Supplemental Revenue Bond Resolution adopted October 26, 1999 and a Sales Resolution adopted by the Board on November 30, 1999, the Board has heretofore issued and sold Water Supply, Steam and Electric Utility System Subordinate Lien Revenue Bonds, Series 1999B (Federally Taxable) (the "Series 1999B Bonds") in the aggregate principal sum of$78,455,000 for the purpose of financing the construction and equipping of a central utilities complex to provide hot water, chilled water, deionized water, compressed air and wastewater treatment, among other utility services (the "Series 1999B Project"); and WHEREAS, the Board's Financial Advisor, Robert W. Baird & Co. has advised the Board that it may be able to accomplish a net savings of debt service costs, and thereby reduce the cost to the Board of the Series 1999B Project, by refunding all or a portion of the outstanding Series 1999B Bonds through the issuance of revenue refunding Bonds in Special Board Mtg. August 12,2008 Page 5 of 22 an aggregate principal amount of not-to-exceed $60,000,000 (the "Series 2008B Bonds"); and WHEREAS, Section 20(b) of the Fourth Supplemental Revenue Bond Resolution authorizes the issuance of Additional Junior Lien Bonds of equal standing and priority of lien with the outstanding Series 1999B Bonds for the purposes of refunding a part of the Series 1999B Bonds and paying costs of issuance if, after giving effect to the refunding, the maximum amount of Aggregate Debt Service in each future fiscal year shall be less than the Aggregate Debt Service in each future fiscal year prior to giving effect to the refunding; and WHEREAS, in order to take advantage of the most favorable market for sale of the Series 2008B Bonds and purchase of securities to be escrowed for payment of the Series 1999B Bonds to be refunded, the Board wishes to authorize the Chief Financial Officer to sell the Series 2008B Bonds at negotiated sale without further resolution of the Board. NOW, THEREFORE, BE IT RESOLVED THAT: Section 1. Supplemental Resolution. The Fourth Supplemental Revenue Bond Resolution is hereby amended and supplemented by this Resolution Authorizing Sale of Refunding Bonds in accordance with Section 20(b) of the Fourth Supplemental Revenue Bond Resolution and Section 23(a)(1) of the amended and restated Bond Resolution. Section 2. Definitions. All terms not defined herein shall have the meanings set forth in the Bond Resolution, and whenever used in this Bond Resolution, except when otherwise indicated by the context, the following terms shall have the following meanings: (a) "Additional Junior Lien Bonds" means Additional Junior Lien Bonds issued pursuant to Section 20 of the Fourth Supplemental Revenue Bond Resolution and Section 11 of this Resolution of equal standing and priority of lien with the Series 1999B Bonds and the Series 2008B Bonds. (b) "Bond Resolution" means the Bond Resolution adopted by the Board on September 26, 1989, as amended and restated on October 24, 1989 and supplemented by the First Supplemental Revenue Bond Resolution adopted by the Board on October 26, 1993, the Second Supplemental Revenue Bond Resolution adopted by the Board on January 11, 1994, the Third Supplemental Revenue Bond Resolution adopted on September 2, 1999, the Fourth Supplemental Revenue Bond Resolution adopted October 26, 1999, the Series 1999B Sales Resolution adopted by the Board on November 30 1999, the Fifth Supplemental Bond Resolution adopted by the Board on April 24, 2001, the Sixth Supplemental Revenue Bond Resolution adopted by the Board on July 23, 2002, the Seventh Supplemental Bond Resolution adopted by the Board on July 23, 2002, the Eighth Supplemental Revenue Bond Resolution adopted on August 12, 2003, the Ninth Supplemental Revenue Bond Resolution adopted on July 26, 2005, the Tenth Supplemental Revenue Bond Resolution adopted on Special Board Mtg. August 12,2008 Page 6 of 22 January 29, 2008, and this Resolution Authorizing Sale of Refunding Bonds, and any other resolution which amends or supplements the Bond Resolution. (c) "Chief Financial Officer"means the Chief Financial Officer of the Board. (d) "Junior Lien Bond and Interest Redemption Fund" means the Junior Lien Bond and Interest Redemption Fund established under Section 11C of the amended and restated Bond Resolution and Section 5 of the Fourth Supplemental Revenue Bond Resolution. (e) "Junior Lien Bond Reserve Requirement" means the Reserve Requirement determined to be necessary to sell the Series 2008B Bonds in consultation with the Board's Financial Advisor as provided in Section 7 of this Resolution. (f) "Junior Lien Bonds" means the Series 1999B Bonds, the Series 2008B Bonds, and any Additional Junior Lien Bonds of equal standing hereafter issued as permitted by Section 20(b) of the Fourth Supplemental Revenue Bond Resolution and Section 11 of this Resolution. (g) "Senior Lien Bonds" means the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 1999A, the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2002A, the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2002B, the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2003A, and the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2005A, and the Water Supply, Steam, Chilled Water and Electric Utility System Revenue Bonds, Series 2008A and any Additional Bonds hereafter issued of equal standing to the Senior Lien Bonds. (h) "Series 1999B Bonds" means the Water Supply, Steam and Electric Utility System Subordinate Lien Revenue Bonds, Series 1999B (Federally Taxable)being refunded pursuant to this Resolution. (i) "Series 1999B Escrow Agreement" means the Series 1999B Escrow Agreement described in this Resolution to provide for payment of principal of and interest on the Series 1999B Bonds. (j) "Series 1999B Escrow Fund" means the Series 1999B Escrow Fund established pursuant to the Series 1999B Escrow Agreement to hold the cash and investments necessary provide for payment of principal of and interest on the Series 1999B Bonds. (k) "Series 1999B Project" means the construction and equipping of a central utilities complex to provide hot water, chilled water, deionized water, compressed air and wastewater treatment, among other utility services, financed by the Series 1999B Bonds and re-financed by the Series 2008B Bonds. Special Board Mtg. August 12,2008 Page 7 of 22 (1) "Series 2008B Bonds" means the Water Supply, Steam, Chilled Water and Electric Utility System Subordinate Lien Revenue Refunding Bonds, Series 2008B (Federally Taxable). (m) "Series 2008B Junior Lien Bond Reserve Account" means the Series 2008B Junior Lien Bond Reserve Account created within the Junior Lien Bond and Interest Redemption Fund under Section 7 of this Resolution. (n) "System" means the complete facilities of the Board for the supply and distribution of water and the generation and distribution of electricity, steam, chilled water, and heat, including all plants, works, instrumentalities and properties, used or useful in connection with the supply and distribution of water and the generation and distribution of electricity, steam, chilled water, and heat and all additions, extensions and improvements thereto existing or hereafter acquired by the Board. (o) "Utility Services Agreement" means the Utility Services Agreement as amended by the First Amended and Restated Utility Services Agreement dated August 12, 2004 relating to the Series 1999B Project among Trigen/Cinergy— Solutions USFOS of Lansing, LLC, and the City acting by and through the Board, and General Motors Corporation, Worldwide Facilities Group, Lansing Luxury Assembly Plant. Section 3. Conditions Permitting Issuance of Additional Bonds. Pursuant to Section 20(b) of the Fourth Supplemental Revenue Bond Resolution, the Board hereby determines that the Series 2008B Bonds shall be issued as Additional Junior Lien Bonds for the purpose of refinancing the Series 1999B Project by refunding all or a portion of the Series 1999B Bonds and paying costs of issuance of the Series 2008B Bonds, only if, after giving effect to the refunding, the maximum amount of Aggregate Debt Service in each future fiscal year shall be less than the Aggregate Debt Service in each future fiscal year prior to giving effect to the refunding. Section 4. Refunding of Series 1999B Bonds; Series 2008B Bonds Authorized; Priority of Lien; Applicable Law. To pay costs of refunding all or a portion of the Series 1999B Bonds, including the payment of the costs of legal, financial, bond insurance (if any), underwriter's discount and other expenses incident thereto and incident to the issuance and sale of the Series 2008B Bonds, the City, acting by and through the Board, shall borrow the sum of not-to-exceed Sixty Million Dollars ($60,000,000) as finally determined upon the sale thereof, and issue the Series 2008B Bonds therefor. The Series 2008B Bonds shall be payable solely out of the Net Revenues of the System subject in priority only to the statutory lien with respect to the Senior Lien Bonds. The statutory lien on Net Revenues which is hereby established and pledged to secure payment of the Series 2008B Bonds shall be subordinate in priority of lien to the statutory lien on the Net Revenues of the System pledged to pay the principal of and interest on the Senior Lien Bonds. The Series 2008B Bonds shall have equal standing and priority of lien to the statutory lien on the Net Revenues of the System with any portion of the Series 1999B Bonds which are not paid in full or defeased. The Lansing City Council shall not be requested to pledge the full faith and credit of the City for Special Board Mtg. August 12,2008 Page 8 of 22 payment of the Series 2008B Bonds. The Series 2008B Bonds shall be sold and the proceeds applied in accordance with the provisions of Act 94. Section 5. Series 2008B Bond Details, Registration and Execution. The Series 2008B Bonds shall be designated as the "WATER SUPPLY, STEAM, CHILLED WATER AND ELECTRIC UTILITY SYSTEM SUBORDINATE LIEN REVENUE REFUNDING BONDS, SERIES 2008B (FEDERALLY TAXABLE)." The Series 2008B Bonds shall be issued as fully registered bonds registered in the denomination of $5,000 or integral multiples thereof and shall be numbered in consecutive order of registration or authentication from 1 upwards. The Series 2008B Bonds shall be dated as of the Date of Delivery thereof or such other date as determined at the time of sale of the Series 2008B Bonds, shall mature as serial bonds or term bonds on such dates as shall be determined at the time of sale of the Series 2008B Bonds but not-to-exceed eight (8) annual maturities. The Series 2008B Bonds shall bear interest at a rate or rates to be determined on sale thereof, payable on January 1, 2009, or such other date as provided at the time of sale of the Series 2008B Bonds, and semi-annually thereafter on January 1st and July 1st of each year. The Series 2008B Bonds shall be subject to optional or mandatory redemption prior to maturity at the times and prices finally determined at the time of sale of the Series 2008B Bonds. The Chief Financial Officer may determine that the Series 2008B Bonds shall not be subject to optional or mandatory redemption prior to maturity. The Series 2008B Bonds shall be executed by the manual or facsimile signature of the Chairperson and the Corporate Secretary of the Board. No Series 2008B Bond shall be valid until authenticated by an authorized representative of the Transfer Agent. The Series 2008B Bonds shall be delivered to the Transfer Agent for authentication and be delivered by the Transfer Agent to the purchaser in accordance with instructions from the Chief Financial Officer upon payment of the purchase price for the Series 2008B Bonds in accordance with the bid therefor when accepted. Executed blank bonds for registration and issuance to transferees shall be delivered to the Transfer Agent for safekeeping from time to time as necessary. Section 6. Registration and Transfer. The bank or trust company serving as registrar and Transfer Agent for the Series 1999B Bonds is hereby designated as transfer agent for the Series 2008B Bonds (the "Transfer Agent"). The Chief Financial Officer is hereby authorized to execute one or more agreements with the Transfer Agent on behalf of the Board. The Board reserves the right to replace the Transfer Agent at any time, provided written notice of such replacement is given to the registered owners of record of bonds not less than sixty (60) days prior to an interest payment date. Principal of and interest on the Series 2008B Bonds shall be payable by check or draft mailed by the Transfer Agent to the registered owner at the registered address as shown on the registration books of the Board maintained by the Transfer Agent. Interest shall be payable to the person or entity who or which is the registered owner of record as of the fifteenth (15th) day of the month prior to the payment date for each interest payment. The date of determination of the registered owner for purposes of payment of interest as Special Board Mtg. August 12,2008 Page 9 of 22 provided in this paragraph may be changed by the Board to conform to market practice in the future. The Series 2008B Bonds may be issued in book-entry-only form through The Depository Trust Company in New York, New York ("DTC"), and the Chief Financial Officer is authorized to execute such custodial or other agreement with DTC as may be necessary to accomplish the issuance of the Series 2008B Bonds in book-entry-only form and to make such changes in the form of the Series 2008B Bonds within the parameters of this Resolution as may be required to accomplish the foregoing. Notwithstanding the foregoing, if the Series 2008B Bonds are held in book-entry-only form by DTC, payment of principal of and interest on the Series 2008B Bonds shall be made in the manner prescribed by DTC. The Series 2008B Bonds may be transferred upon the books required to be kept by the Transfer Agent pursuant to this section by the person or entity in whose name it is registered, in person or by the registered owner's duly authorized attorney, upon surrender of the bond for cancellation, accompanied by delivery of a duly executed written instrument of transfer in a form approved by the Transfer Agent. Whenever any bond shall be surrendered for transfer, the Board shall execute and the Transfer Agent shall authenticate and deliver a new bond of the same series in like aggregate principal amount, maturity and interest rate. The Transfer Agent shall require the payment by the bondholder requesting the transfer of any tax or other governmental charge required to be paid with respect to the transfer. Notwithstanding the foregoing, if Bonds are held by DTC in book-entry-only form, the transfer of Bonds shall be made in the manner prescribed by DTC. Upon payment by the Board of all outstanding principal of and interest on the Series 2008B Bonds, the registered owner thereof shall deliver the Series 2008B Bonds to the Board for cancellation. Section 7. Reserve Requirement Determined; Reserve Account Established and Funded. The Surety Bond issued by MBIA Insurance Corporation, the "Bond Insurer" as defined in the Fourth Supplemental Revenue Bond Resolution, which Surety Bond is on deposit in the Junior Lien Bond Reserve Account established under the Fourth Supplemental Revenue Bond Resolution for the Series 1999B Bonds, does not secure the Series 2008B Bonds. On or prior to the sale of the Series 2008B Bonds, the Chief Financial Officer shall obtain a recommendation from Robert W. Baird & Co., the Board's Financial Advisor, regarding the amount which the Board should pledge to maintain as the Junior Lien Bond Reserve Requirement in order to sell the Series 2008B Bonds, and the Chief Financial Officer is hereby authorized to determine the Junior Lien Bond Reserve Requirement for the Series 2008B Bonds based upon the recommendation from the Financial Advisor in an amount not to exceed one-half of the maximum Aggregate Debt Service Requirement of the Junior Lien Bonds. The Series 2008B Junior Lien Bond Reserve Account is hereby established in the Junior Lien Bond and Interest Redemption Fund as separate account separate from the Junior Lien Bond Reserve Account established under the Fourth Supplemental Revenue Bond Resolution with respect to the Series 1999B Bonds. On or prior to the date of Special Board Mtg. August 12,2008 Page 10 of 22 delivery of the Series 2008B Bonds, the Chief Financial Officer shall deposit into the Series 2008B Junior Lien Bond Reserve Account any amount necessary to cause the amount on deposit in the Series 2008B Junior Lien Bond Reserve Account to be equal to the Junior Lien Bond Reserve Requirement for the Series 2008B Bonds. The Board may meet the Junior Lien Bond Reserve Requirement for the Series 2008B Bonds by a letter of credit, a surety bond, or an insurance policy if the provider or issuer thereof shall be rated AAA by Moody's Investors Service and Standard and Poor's Corporation or any successor to either. Except as hereinafter provided, the moneys credited to the Series 2008B Junior Lien Bond Reserve Account shall be used solely for the payment of the principal of, redemption premiums (if any) and interest on the Series 2008B Bonds as to which there would otherwise be a default. If at any time it shall be necessary to use moneys credited to the Series 2008B Junior Lien Bond Reserve Account for such payment, then the moneys so used shall be replaced from the Net Revenues first received thereafter which are not required for expenses of administration, operation and maintenance of the System, for current principal and interest requirements of any Bonds issued under the Bond Resolution, or for deposit to the Bond Reserve Account securing the Senior Lien Bonds. At any time that the amount of the Series 2008B Junior Lien Bond Reserve Account is in excess of the Junior Lien Bond Reserve Requirement for the Series 2008B Bonds, whether as a result of investment earnings or any other reason, such excess shall be deemed to be surplus moneys and may be transferred to such fund or account as the Board shall direct. Upon payment or defeasance in full of the Series 2008B Bonds the amount in deposit in the Series 2008B Junior Lien Bond Reserve Account shall be deemed to be surplus moneys and may be transferred to such fund or account as the Board shall direct. Section 8. Series 2008B Bond Proceeds. From the proceeds of sale of the Series 2008B Bonds there first shall be immediately deposited in the Junior Lien Bond and Interest Redemption Fund an amount equal to the accrued interest and premium, if any, received on delivery of the Series 2008B Bonds, and the Board may take credit for the amount so deposited against the amount required to be deposited in the Junior Lien Bond and Interest Redemption Fund for payment of the next maturing interest on the Series 2008B Bonds; provided, however, that at the discretion of the Chief Financial Officer, all or a portion of any premium received upon delivery of the Series 2008B Bonds may be deposited in the Bond Reserve Account or the Series 1999B Escrow Fund in consultation with Bond Counsel. There shall next be deposited in the Series 2008B Junior Lien Bond Reserve Account an amount, if any, designated by the Chief Financial Officer at the time of sale of the Series 2008B Bonds as necessary to cause the amount on deposit in the Series 2008B Junior Lien Bond Reserve Account to be equal to the Junior Lien Bond Reserve Requirement for the Series 2008B Bonds. There shall next be deposited in the Series 1999B Escrow Fund cash and investments in direct obligations of or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America, not redeemable at the option of the issuer, and in an amount sufficient to pay principal and interest on the Series 1999B Bonds being refunded. The Series 1999B Escrow Fund shall be held by the Escrow Agent (defined below) in trust pursuant to the Series 1999B Escrow Agreement Special Board Mtg. August 12,2008 Page 11 of 22 which shall irrevocably direct the Escrow Agent to take all necessary steps to call the Series 1999B Bonds being refunded for redemption as specified in the Series 1999B Escrow Agreement. The cash and investments and income received thereon held in the Series 1999B Escrow Fund will be sufficient without reinvestment to pay the principal and interest on the Series 1999B Bonds upon call for redemption as required by this section. The bank or trust company serving as registrar and Transfer Agent for the Series 1999B Bonds is hereby designated as Escrow Agent under the Series 1999B Escrow Agreement. Either the Chief Financial Officer or the Manager of Finance and Planning is hereby authorized to execute and deliver the Series 1999B Escrow Agreement and to purchase, or cause to be purchased, escrow securities in an amount sufficient to fund the Series 1999B Escrow Fund. The remaining proceeds of the Series 2008B Bonds shall be deposited in a fund which may be established in the Series 1999B Escrow Agreement to pay costs of issuance of the Series 2008B Bonds and the costs of refunding the Series 1999B Bonds. Section 9. Rate Covenant. After payment or defeasance in full of the Series 1999B Bonds, the Board will at all times fix, establish, maintain and collect rates, fees and charges for the sale of the output, capacity, use or service of the System which, together with other income, are reasonably expected to yield Net Revenues equal to at least 125% of the Aggregate Debt Service Requirement for the forthcoming twelve month period plus such amount as is necessary to comply with all covenants in the Bond Resolution and to pay all charges and liens whatsoever payable out of Net Revenues in such period. The Rate Covenant applicable to the Outstanding Senior Lien Bonds shall remain in effect as provided in the resolution authorizing the Outstanding Senior Lien Bonds. Section 10. Series 2008B Bond Form. The Series 2008B Bonds shall be in substantially the following form with such revisions, additions and deletions as the Board may deem advisable or necessary to comply with the final terms of the Series 2008B Bonds established upon sale thereof- Special Board Mtg. August 12,2008 Page 12 of 22 BOND NO. R- UNITED STATES OF AMERICA STATE OF MICHIGAN COUNTIES OF INGHAM AND EATON CITY OF LANSING LANSING BOARD OF WATER AND LIGHT WATER SUPPLY, STEAM, CHILLED WATER AND ELECTRIC UTILITY SYSTEM SUBORDINATE LIEN REVENUE REFUNDING BONDS, SERIES 2008B (FEDERALLY TAXABLE) Date of Interest Rate Date of Maturity Original Issue CUSIP % July 1, 20 , 2008 Registered Owner: Cede & Co. Principal Amount: ($ ) Dollars The City of Lansing, Counties of Ingham and Eaton, State of Michigan (the "City"), acting by and through the Lansing Board of Water and Light (the "Board"), acknowledges itself to owe and for value received hereby promises to pay to the Registered Owner specified above, or registered assigns, only from the Net Revenues of the System as hereinafter provided, the Principal Amount specified above, in lawful money of the United States of America, on the Date of Maturity specified above, unless prepaid prior thereto as hereinafter provided, with interest thereon (computed on the basis of a 360-day year of twelve 30-day months) from the Date of Original Issue specified above or such later date to which interest has been paid, until paid, at the Interest Rate per annum specified above, first payable on 1, 2009 and semiannually thereafter. Principal of this bond is payable at the designated corporate trust office of or such other transfer agent as the Board may hereafter designate by notice mailed to the registered owner of record not less than sixty (60) days prior to any interest payment date (the "Transfer Agent"). Interest on this bond is payable by check or draft mailed by the Transfer Agent to the person or entity who or which is as of the fifteenth (15th) day of the month prior to each interest payment date, the registered owner of record at the registered address. For the prompt payment of principal and interest on this bond, the revenues received by the Board from the operations of the water supply and electric utility systems including the steam, steam heat and chilled water distribution systems (the "System") after provision has been made for reasonable and necessary expenses of operation, maintenance and administration of the System (the "Net Revenues"), are irrevocably pledged and a statutory lien thereon has been created to secure the payment of the principal of and interest on this Bond when due subject only to the lien in favor of the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 1999A, Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2002A, Water Supply, Steam and Electric Utility System Special Board Mtg. August 12,2008 Page 13 of 22 Revenue Refunding Bonds, Series 2002B, Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2003A, Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2005A, and Water Supply, Steam, Chilled Water and Electric Utility System Revenue Bonds, Series 2008A. This bond and the series of which it is one are of equal standing and priority of lien as to the Net Revenues with the outstanding portion of the Water Supply, Steam and Electric Utility System Subordinate Lien Revenue Bonds, Series 1999B (Federally Taxable) and additional junior lien bonds which might be issued in the future pursuant to the Bond Resolution(defined below). This Bond is one of a series of bonds of like tenor, except as to denomination, rate of interest and date of maturity, aggregating the principal sum of $ , issued pursuant to a Bond Resolution adopted by the Board on October 24, 1989, as amended and supplemented from time to time, including by the Fourth Supplemental Revenue Bond Resolution adopted by the Board on October 26, 1999, as amended by the Sales Resolution adopted by the Board on November 30 1999 and the a resolution authorizing sale of refunding bonds adopted by the Board on , 2008 (collectively, the "Bond Resolution"), and under and in full compliance with the Constitution and statutes of the State of Michigan, including specifically Act 94, Public Acts of Michigan, 1933, as amended ("Act 94"), for the purpose of refunding certain outstanding subordinate lien revenue bonds which had been issued to construct and equip a central utilities complex to provide hot water, chilled water, deionized water, compressed air and wastewater treatment, among other utility services, [making a deposit to a bond reserve account] and paying the costs of issuing the bonds. For a complete statement of the revenues from which and the conditions under which this bond is payable, a statement of the conditions under which additional bonds of equal standing as to the Net Revenues may hereafter be issued, and the general covenants and provisions pursuant to which this bond is issued, reference is made to the Bond Resolution. Reference is hereby made to the Bond Resolution and any and all supplements thereto and modifications and amendments thereof, if any, and to Act 94, for a more complete description of the pledges and covenants securing the bonds of this issue, the nature, extent and manner of enforcement of such pledges, the rights and remedies of the registered owners of the bonds of this issue with respect thereto and the terms and conditions upon which the bonds of this issue are issued and may be issued thereunder. To the extent and in the manner permitted by the terms of the Bond Resolution, the provisions of the Bond Resolution or any resolution or agreement amendatory thereof or supplemental thereto, may be modified or amended by the Board, except in specified cases, only with the written consent of the registered owners of at least fifty-one percent (51%) of the principal amount of the bonds of the System then outstanding. Bonds of this issue are not subject to redemption prior to maturity. [Standard provisions for optional or mandatory redemption to be inserted if applicable.] This bond is transferable only upon the books of the Board kept for that purpose at the office of the Transfer Agent by the registered owner hereof in person, or by the Special Board Mtg. August 12,2008 Page 14 of 22 registered owner's attorney duly authorized in writing, upon the surrender of this bond together with a written instrument of transfer satisfactory to the Transfer Agent duly authorized in writing and thereupon a new registered bond or bonds in the same aggregate principal amount and of the same maturity shall be issued to the transferee in exchange therefore as provided in the Bond Resolution, and upon the payment of the charges, if any, therein prescribed. [If bonds can be called prior to maturity, then provision to be inserted stating that bonds to be redeemed are not required to be exchanged beginning 15 days before mailing redemption notice, except the unredeemed portion of bonds being redeemed in part.] THIS BOND IS A SELF-LIQUIDATING BOND AND IS NOT A GENERAL OBLIGATION OF THE CITY AND DOES NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY WITHIN ANY CONSTITUTIONAL, STATUTORY OR CHARTER LIMITATION, AND IS PAYABLE BOTH AS TO PRINCIPAL AND INTEREST SOLELY FROM THE NET REVENUES OF THE SYSTEM AND CERTAIN FUNDS AND ACCOUNTS ESTABLISHED UNDER THE BOND RESOLUTION. THE PRINCIPAL OF AND INTEREST ON THIS BOND ARE SECURED BY THE STATUTORY LIEN HEREINBEFORE DESCRIBED. The Board has covenanted and agreed, and covenants and agrees, to fix and maintain at all times while any bonds payable from the Net Revenues of the System shall be outstanding, such rates for service furnished by the System as shall be sufficient to provide for payment of the principal of and interest on the bonds of this issue and any other bonds payable from the Net Revenues as and when the same shall become due and payable, to provide for the payment of expenses of administration and operation and such expenses for maintenance of the System as are necessary to preserve the same in good repair and working order, and to provide for such other expenditures and funds for the System as are required by the Bond Resolution. It is hereby certified and recited that all acts, conditions and things required by law to be done precedent to and in the issuance of this bond and the series of bonds of which this is one have been done and performed in regular and due time and form as required by law. This bond is not valid or obligatory for any purpose until the Transfer Agent's Certificate of Authentication on this bond has been executed by the Transfer Agent. IN WITNESS WHEREOF, the City, acting by and through the Board, has caused this bond to be signed in the name of the City with the facsimile signatures of the Chairperson and Corporate Secretary of the Board, and a facsimile of the City's corporate seal to be printed hereon, all as of the Date of Original Issue. CITY OF LANSING by and through the LANSING BOARD OF WATER AND LIGHT By [ Signature of Chairperson to Appear I Chairperson Countersigned: Special Board Mtg. August 12,2008 Page 15 of 22 By [ Signature of Corporate Secretary to Appear ] Corporate Secretary [INSERT STANDARD FORMS OF CERTIFICATE OF AUTHENTICATION AND ASSIGNMENT] Special Board Mtg. August 12,2008 Page 16 of 22 Section 11. Additional Junior Lien Bonds. The reference to the Series 1999B Bonds Aggregate Debt Service Requirement contained in Section 20(a) of the Fourth Supplemental Revenue Bond Resolution shall refer to the Aggregate Debt Service Requirement for all Outstanding Junior Lien Bonds issued as permitted under Section 20 of the Fourth Supplemental Revenue Bond Resolution and this Section 11, and the Additional Junior Lien Bonds then being issued. After payment or defeasance in full of the Series 1999B Bonds, Section 20(b) of the Fourth Supplemental Revenue Bond Resolution is amended to provide as follows: (b) For refunding all of the Outstanding Junior Lien Bonds and paying costs of issuing such Additional Junior Lien Bonds. Section 12. Bond Counsel. The Board recognizes that Miller, Canfield, Paddock and Stone, P.L.C. ("Miller Canfield"), has represented from time to time, and currently represents, various underwriters, financial institutions, and other potential participants in the bond financing process for unrelated projects, any of which might offer to purchase the Series 2008B Bonds or provide services related to issuance and sale of the Series 2008B Bonds. The Board hereby requests that Miller Canfield continue to serve the Board as bond counsel for the Series 2008B Bonds, notwithstanding the potential concurrent representation of any such participant in the bond financing process regarding any unrelated matter. Section 13. Financial Advisor. The Board hereby requests that Robert W. Baird & Co. continue to serve the Board as Financial Advisor for the Series 2008B Bonds. Section 14. Negotiated Sale. The Board hereby determines to sell the Series 2008B Bonds at a negotiated sale instead of a competitive sale for the reason that a negotiated sale will permit the Board to enter the market on short notice at a point in time which appears to be most advantageous, and thereby possibly obtain a lower rate of interest on the Series 2008B Bonds, and in order to take advantage of the most favorable market for purchase of securities to be escrowed for payment of the Series 1999B Bonds to be refunded. The Chief Financial Officer is authorized to select one or more underwriters, in consultation with the Financial Advisor, and to negotiate a Bond Purchase Agreement with the underwriters. This authorization includes, but is not limited to, designation of the portion of the Series 1999B Bonds to be refunded and called for redemption prior to maturity; determination of original principal amount of the Series 2008B Bonds; the prices at which the Series 2008B Bonds are sold; the date of the Series 2008B Bonds; the schedule of principal maturities and whether the Series 1999B Bonds shall mature serially or as term bonds; provisions for early redemption including mandatory redemption of term bonds, if any; the interest rates and payment dates of the Series 2008B Bonds; application of the proceeds of the Series 2008B Bonds; transfer of balances, if any, from the Junior Lien Bond and Interest Redemption Fund to the Series 1999B Escrow Fund; and purchase of securities for the Series 1999B Escrow Fund. Approval of the matters delegated to the Chief Financial Officer under this Resolution may be evidenced by execution of the Bond Purchase Agreement or the Official Statement. Special Board Mtg. August 12,2008 Page 17 of 22 The underwriter's discount for the Series 2008B Bonds shall not be greater than 1.00% of the principal amount of the Series 2008B Bonds, net of original issue discount or premium. The Series 2008B Bonds shall not be issued unless there shall be gross savings after payment of all costs of issuance. By adoption of this Resolution the Board assumes no obligations or liability to any underwriter for any loss or damage that may result to said underwriter from the adoption of this Resolution, and all costs and expenses incurred by the underwriters in preparing for sale of the Series 2008B Bonds shall be paid from the proceeds of the Series 2008B Bonds, if the Series 2008B Bonds are issued, except as may be otherwise provided in the Bond Purchase Agreement to be signed by the Board at the time of sale of the Series 2008B Bonds. Section 15. Bond Ratings. The Chief Financial Officer is hereby authorized to apply for bond ratings from such municipal bond rating agencies as she deems appropriate in consultation with the Financial Advisor. Section 16. Bond Insurance. The Series 2008B Bonds shall not be considered "Insured Bonds" insured by MBIA Insurance Corporation, the "Bond Insurer" as defined in the Fourth Supplemental Revenue Bond Resolution. If the Financial Advisor or the underwriters recommend that the Board consider purchase of municipal bond insurance, then the Chief Financial Officer is hereby authorized to negotiate with insurers regarding acquisition of municipal bond insurance, and, in consultation with the Financial Advisor and the underwriters, to select an insurer and determine which bonds, if any, shall be insured, and the Chief Financial Officer is hereby authorized to execute an agreement with the insurer relating to procedures for paying debt service on the insured bonds and notifying the insurer of any need to draw on the insurance and other matters. Section 17. Official Statement. The Chief Financial Officer is authorized to approve circulation of a Preliminary Official Statement describing the Series 2008B Bonds and, after sale of the Series 2008B Bonds, to prepare, execute and deliver a final Official Statement. Section 18. Continuing Disclosure. The Chief Financial Officer is hereby directed to execute and deliver, prior to delivery of the Series 2008B Bonds, a written continuing disclosure undertaking in order to enable the underwriters of the Series 2008B Bonds to comply with the requirements of Securities and Exchange Commission Rule 15c2-12. The continuing disclosure undertaking shall be in substantially the form which she shall, in consultation with Bond Counsel, determine to be appropriate. Section 19. Utility Services Agreement. The Chief Financial Officer is hereby authorized, in consultation with the General Manager of the Board, to negotiate any changes, amendments, or modifications to the Utility Services Agreement to provide that the payments received will be sufficient to pay debt service on the Series 1999B Bonds and the Series 2008B Bonds. The General Manager and the Corporate Secretary of the Board are hereby authorized to execute and deliver the amendment or supplement to the Utility Services Agreement. Section 20. Other Actions. In the event that the Chief Financial Officer is not available at the time that it becomes necessary to take actions directed or authorized Special Board Mtg. August 12,2008 Page 18 of 22 under this resolution, then either the Manager of Finance and Planning or another person designated by the Chief Financial Officer or the General Manager of the Board or a person designated by him is authorized to take the actions delegated to the Chief Financial Officer by this Resolution. The officers, administrators, agents and attorneys of the Board are authorized and directed to take all other actions necessary and convenient to facilitate issuance and sale of the Series 2008B Bonds and the refunding of Series 1999B Bonds and the call of the refunded bonds prior to maturity, and to execute and deliver all other agreements, documents and certificates and to take all other actions necessary or convenient in accordance with this Resolution, and to pay costs of issuance including but not limited to transfer agent fees, financial advisor fees, bond counsel fees, rating agency fees, verification agent fees, auditor fees, bond insurance premiums, costs of printing the Series 2008B Bonds and the preliminary and final official statements, and any other costs necessary to accomplish the refunding of Series 1999B Bonds and the call of the refunded bonds prior to maturity and the sale and delivery of the Series 2008B Bonds. Section 21. Applicability cability of the Outstanding Bond Resolutions. Except to the extent amended, supplemented or otherwise provided in this Resolution, all of the provisions and covenants provided in Bond Resolution shall apply to the Series 2008B Bonds issued pursuant to provisions of this Resolution, such provisions of said Resolution being made applicable to the Series 2008B Bonds herein authorized. Section 22. Conflicting Resolutions. All resolutions and parts of resolutions insofar as they conflict with the provisions of this resolution are hereby rescinded. Section 23. Severability and Paragraph Headings. If any section, paragraph, clause or provision of this Resolution shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this Resolution. The paragraph headings in this Resolution are furnished for convenience of reference only and shall not be considered to be part of this Resolution. Section 24. Publication and Recordation. In accordance with the provisions of Section 6 of Act 94, this Resolution shall be published once in full in either the Lansing State Journal or The City Pulse, each of which is a newspaper of general circulation in the City qualified under State law to publish legal notices, promptly after its adoption, and this Resolution shall be recorded in the minutes of the Board and such recording authenticated by the signatures of the Chairperson and Corporate Secretary of the Board. Section 25. Effective Date. This Resolution is hereby determined to be immediately necessary for the preservation of the public peace, property, health and safety of the City. In accordance with the provisions of Section 6 of Act 94, this Resolution shall become effective immediately upon its adoption. Special Board Mtg. August 12,2008 Page 19 of 22 We hereby certify that the foregoing is a true and complete copy of a resolution duly adopted by the Lansing Board of Water and Light of the City of Lansing, State of Michigan, at a meeting held on day, , 2008, at _._ _.m., prevailing Eastern Time, and that said meeting was conducted and public notice of said meeting was given pursuant to and in full compliance with the Open Meetings Act, being Act 267, Public Acts of Michigan, 1976, and that the minutes of said meeting were kept and will be or have been made available as required by said Act 267. If the above meeting was a Special meeting, I further certify that notice of said Special meeting was given to each member of the Board in accordance with the rules of procedure of the Board. We further certify that the following Commissioners were present at said meeting: and that the following Commissioners were absent We further certify that Commissioner moved adoption of said Resolution, and that said motion was supported by Commissioner We further certify that the following Commissioners voted for adoption of said Resolution: and that the following Commissioners voted against adoption of said Resolution: I further certify that said Resolution has been recorded in the Resolution Book and that such recording has been authenticated by the signature of the Chairperson and Corporate Secretary of the Board. Chairperson Corporate Secretary -------------------- Motion by Commissioner Kramer, seconded by Commissioner DeLuca to approve the resolution for the Sale of Refunding 1999B Bonds. Discussion: In response to Commissioner Cochran's inquiry, Susan Devon noted that the maturity date of the bonds was not extended. Special Board Mtg. August 12,2008 Page 20 of 22 Action: Carried unanimously. esolution 2008-8- D. Return on Assets Whereas, the Board of Commissioners requested that the Staff conduct research and prepare a recommendation for the Board's consideration regarding the setting of an appropriate rate of return target for the Lansing Board of Water and Light; and Whereas, the Staff completed its research and presented its study to the Finance Committee meeting on August 4, 2008; and Whereas, the Staff recommends that a modified Utility Financial Solutions (USF) approach be adopted by the Board as a standard to calculate the Overall Rate of Return; and Whereas, in recognition of the large coal inventory carried by the BWL, the Staff recommends the overall rate of return be applied to net fixed assets plus materials and supplies; and Whereas, the Staff recommends the overall rate of return should be subject to review each year as part of the budgeting process; and Whereas, the Staff recommends that the Board directive for return on fixed assets should be changed to accommodate the UFS approach and should include the flexibility to adjust the calculated return upward for large construction projects and other unusual circumstances as needed and as approved by the Board. RESOLVED, that the Board of Commissioners adopt the modified UFS approach for determining an appropriate rate of return target for the Lansing Board of Water and Light, the return should be subject to review each year as part of the budgeting process, and should be flexible to allow for upward adjustment to accommodate large construction projects and other unusual circumstances as needed and as approved by the Board; and FURTHER RESOLVED, that the Overall Rate of Return target for Fiscal Year 2009 will be 6.18% including a Return on Equity of 6.31%: -------------------- Motion by Commissioner Rodocker, seconded by Commissioner Cochran to approve the resolution regarding the Return on Assets Target using Utility Financial Solutions' Approach. Discussion: Commissioner James was pleased to see the Return on Assets Policy before the Board of Commissioners and had questions regarding the return on equity table and whether or not other Michigan utilities were using the Wisconsin method. Special Board Mtg. August 12,2008 Page 21 of 22 Chief Financial Officer Susan Devon explained the return on equity table. She further noted that staff recommended using the Utility Financial Solutions (UFS) method, as modified to include materials and supplies, which is appropriate due to the large coal inventory. Most other utilities do not carry large coal inventories similar to that of the BWL. The BWL would also have opportunity to adjust the approach in the future to calculate a different rate of return should a large construction project take place. Commissioner James also inquired as to why staff was not recommending the Wisconsin method as it yields a higher rate of return. Ms. Devon advised that they recommended the USF method but any of the approaches would work. Commissioner James thanked Ms. Devon for the information and noted that she may contact her in the future. Action: Carried unanimously. RESOLUTIONS None. MANAGER'S REMARKS Fiscal Budget 2008. General Manager J. Peter Lark advised that the BWL originally forecast for a loss of$6 million and recently expected a net income of$12 million. Although, the books have not closed for fiscal year 2008, the BWL expects a net income of$13.5 million. It was noted that net income was used to help fund previously budgeted capital expenditures and debt principle repayment. In addition, while last years budget called for a significant reduction in reserves no such reduction is required for fiscal year 2008. Rate Comparisons. The BWL's electric rates are approximately 20% lower than Consumers Energy. The electric rate difference for the average residential customer using approximately 750 kWh's per month is 24%. New Generation Taskforce. The New Generation Taskforce is scheduled to meet on Thursday, August 14t at 9:00 a.m. on the West Campus of Lansing Community College. All Commissioners were invited to attend. COMMISSIONERS' REMARKS Commissioner Kramer expressed appreciation and congratulated the General Manager and staff on turning the projections around and achieving financial success as a result of their hard work. Commissioner Lain echoed the sentiment. Special Board Mtg. August 12,2008 Page 22 of 22 Commissioner Thomas congratulated and expressed confidence in staff. He further acknowledged the need for Commissioner communication, but discouraged the micromanagement of staff responsibilities. Commissioner Cochran agreed with Commissioner Thomas in principle. His desire to be informed is with the purpose of deflecting issues and educating those individuals who contact Commissioners. Commissioner Cochran further applauded staff for the financial turnaround and setting a new rate of return, which will benefit budget reviews and rate setting deliberations. Commissioner James reported that BWL employee, Jimmy Lee Townsend passed away last Sunday and his service is scheduled for Wednesday, August 13th. As such, she asked the Secretary to send a floral arrangement on the Board's behalf. In addition, Commissioner Lain asked that the Board be informed of such matters in the future. EXCUSED ABSENCE None. PUBLIC COMMENTS There were no public comments. UNFINISHED BUSINESS None. ADJOURNMENT On motion by Commissioner Kramer, seconded by Commissioner Zerkle, the meeting adjourned at 6:12 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk August 22, 2008 Approved by the Board: September 23, 2008 MINUTES OF THE BOARD OF COMMISSIONERS' MEETING LANSING BOARD OF WATER AND LIGHT Tuesday, July 22, 2008 —J The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Peter Kramer, Frank Lain, Julee Rodocker, Tracy Thomas and Sandra Zerkle. Absent: None. The Secretary declared a quorum present. Chairperson James called the meeting to order at 5:30 p.m. APPROVAL OF MINUTES Motion by Commissioner Cochran, seconded by Commissioner Rodocker, to approve the minutes of the regular meeting held May 27, 2008 and the special board meeting held July 21, 2008. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT. ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. Steve Rall, 1608 E. Shiawassee, Lansing spoke in opposition to building a new coal plant. Mr. Rall also presented a series of questions to the Board of Commissioners and provided a copy of said inquires following the meeting. Connie Doetcher, 2173 Bellinger Court, Okemos spoke in opposition to building a new coal plant. Ms. Doetcher also expressed concerns regarding carbon dioxide emissions and the need to look at other alternatives such as, wind and solar. Board Meeting Page 2 of 28 July 22,2008 Dawn Fleming, 1612 W. Shiawassee, Lansing spoke in opposition to building a new coal plant. She also advised that the Board of Water and Light (BWL) is a publicly owned utility and asked that additional public input be gathered and that the BWL utilize renewable resources and energy efficiency as a means to resolve its issues. Rev. Richard Preston, 628 Lincoln Avenue, Lansing spoke in opposition to building a new coal plant. Rev. Preston expressed concerns regarding the lack of leadership, public input, and moral sensitivities regarding the matter. Eric Crosley, 228 S. Foster Avenue, Lansing thanked the BWL for replacing his house service as a result of recent storms. He also spoke in opposition to building a new coal plant and asked the board to consider other options. Carol Rall, 1608 W. Shiawassee, Lansing spoke in opposition to building a new coal plant. Ms. Rall noted the high cost and advised that alternative energies can be utilized with proper consultation. COMMUNICATIONS Email of May 29, 2008 from Lacey Cunningham, Lansing, Michigan regarding possible rate increases. Received and placed on file. Email of May 29, 2008 from Richard L. Foster, Lansing, Michigan regarding new power plant. Received and placed on file. Letter of July 7, 2008 from Susan Pifer regarding her resignation as Director of Internal Audit effective July 18, 2008. Received and placed on file. Letter of July 8, 2008 from U.S. Representative Tim Walberg regarding BWL customer without power during recent storms. Received and referred to management. Email of July 21, 2008 from John Dowell, Lansing, Michigan opposing the BWL coal- fired power plant. Received and placed on file. Email of July 22, 2008 from Trevor Hobbs, Lansing, Michigan opposing the BWL coal- fired power plant. Board Meeting Page 3 of 28 July 22,2008 Received and placed on file. Email of July 21, 2008 from Julie Roy, Lansing, Michigan opposing the BWL coal-fired power plant. Received and placed on file. Email of July 21, 2008 from Charles Liken, Lansing, Michigan opposing the BWL coal- fired power plant. Received and placed on file. Email of July 21, 2008 from Charles Dekubber, Mason, Michigan opposing the BWL coal-fired power plant. Received and placed on file. COMMITTEE REPORTS Joint Meeting of the Board of Water and Light Commissioners and Lansing City Council June 18, 2008 Board of Commissioners Chair Semone James called the meeting to order at 8:15 a.m. The meeting was held in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Commissioners Present: Tony DeLuca, Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioners Robert Cochran and Joseph Graves. Councilmember's Present: Sandy Allen, Eric Hewitt, A'Lynne Robinson(arrived 8:48 a.m.) and Carol Wood. Absent: Councilmember's Kathy Dunbar, Brian Jeffries, Tim Kaltenbach and Derrick Quinney. BWL Staff Present: General Manager J. Peter Lark, Chief Financial Officer Susan Devon, Executive Director of Water Operations and Special Projects Dick Peffley, Executive Director of Strategic Planning and Development George Stojic, Executive Director of Electric Operations Doug Wood, Director of Governmental &Public Relations Calvin Jones, Director of Internal Audit Susan Pifer and Corporate Secretary Rhonda Jones. IBEW Local 352 Representatives Present: Business Manager Ron Byrnes Board Meeting Page 4 of 28 July 22,2008 City Staff Present: None. Public Comments There were no public comments. The purpose of the joint meeting was to present an update to City Council regarding the following topics: 1. Update on Restoration of Power Following Storms of June 6th— 8th General Manager J. Peter Lark gave a verbal update regarding recent storms that affected the greater Lansing area. The storms damaged approximately 1/3 of the Board of Water and Light's (BWL) distribution system and caused several outages. Although, the damage was extensive, approximately 90% of the customers were restored within 60 hours and there were no reported injuries to any of the workers. During the outage communication modifications with Customer Service were changed to help improve the dissemination of information. It was also noted that the BWL intends to take steps in the future to improve its communications with City Council regarding such matters. Councilmember Wood commended staff on the work that was done and also advised that there were some communication issues. It was suggested that BWL send email updates to City Council to help ensure assess to current information. It was further noted that City Council used the storm outages as an opportunity to address internal emergency procedures. In response to a Council question, Mr. Lark noted that there was excellent cooperation between City of Lansing and BWL employees. Commissioner Lain thanked IBEW 352 Business Manager Ron Byrnes for his customer assistance during the storms aftermath. It was also suggested that the BWL develop stronger agreements between the different entities, i.e. fire, police, and the City to ensure that everyone is aware of their role during a storm situation. 2. Update on CSO Project. Mr. Lark reported that the BWL will participate in a pilot project whereby it will replace up to 1,500 feet of water main in the CSO area. The project scheduled to begin during the 2009 construction season will occur in areas where sewer work is not needed. As such, the BWL will continue to work with the City of Lansing Public Service Department to seek out similar opportunities for the following construction season. 3. Update on Strategic Plan. Mr. Lark gave an update regarding the BWL's strategic plan, which included information relative to meeting its future generation needs. It was noted that the BWL has growing load and a need to replace the units at Eckert Station by 2018. The BWL is attempting to be the cleanest utility in the country with the use of solar, wind, hydro and biomass. It was also advised that the BWL has sent letters to sixty different groups to begin the public input process regarding the possibility of building a new hybrid plant composed of 30%biomass. Board Meeting Page 5 of 28 July 22,2008 4. Update on Water Bonds. Mr. Lark advised that $40 million in LBWL utility system bonds were competitively sold on April 2, 2008. Four bids were received in total and the bid was awarded to Wachovia Bank. 5. Update on Ottawa Station/Phoenix Project. Mr. Lark noted that the Ottawa Station/Phoenix Project is scheduled to close on September 30, 2008. Preparations to build the new chiller facility at Allegan and Pine Street are currently on schedule. In addition, a groundbreaking ceremony for the new chiller facility will take place in October 2008. 6. Update on Financials. Mr. Lark reported that prior to the weekend storms of June 6, 2008, the BWL forecast $12.9 million in net income for fiscal year ending June 30, 2008. The cost associated with the storm damages including that of replacing the Eckert Station cooling tower will negatively impact projected net income. However, it is estimated that prices in the wholesale market may offset the storm costs and the BWL will still fair better than its original budgeted net loss of($5.8 million). 7. Update on Senior Citizen Rate Reduction. Mr. Lark advised that the Board of Commissioners approved an amendment to the Electric Residential Senior Citizen Rate No. 21, which resulted in a$2.00 monthly service charge reduction. The rate change takes effect July 1, 2008 resulting in a 9% discount for the average senior customer and a 30% discount over Residential Rate No.1 customers. Rate 21 is available to customers 65 years of age or older who use less than 620 kWhs per month. 8. Update on EPAct of 2005 Public Hearing &Net Metering. Mr. Lark advised that the BWL currently has two net metering customers that include Two Men &A Truck and Horrocks. The BWL does not have an official net metering policy in place but it is not adverse to the idea. Presently, the BWL's electric rates have not been divided into distribution, transmission and generation costs. However,proper relays for both locations have been installed to prevent back feed onto the system and protect the safety of the workers. 9. Update on First STEP Program. Mr. Lark advised that the program directed towards area high school students will allow for up to 20 part-time internships with the BWL. Following completion of the internship, up to 10 students will be offered full-time employment with the BWL and 10 will be given scholarships to Lansing Community College. In response to a Council question, Director of Governmental &Public Relations Calvin Jones advised that they have not allocated a certain number of positions to Lansing area students. However, the parameters are still being modified and they are focusing on the Lansing area. Councilmember Hewitt left the meeting at 9:02 a.m. 10. Update on Diversity Council. Mr. Lark advised that the BWL Inclusion and Equity Diversity Council is working with Public Policy Associates, Incorporated to review the BWL's existing environment and conduct a company-wide survey. The review and survey currently underway will aid the BWL in its efforts to install diversity in all aspects Board Meeting Page 6 of 28 July 22,2008 of the organization. Current diversity levels in the managerial areas of the organization consist of the following: executive directors—25%, directors—50%, and management— 25%. 11. Update of Lead Line Replacement Program. Mr. Lark noted that the BWL added a third crew to work with the lead line replacement program. The additional crew scheduled to start work July 1, 2008 was provided with the necessary vehicles and equipment to do the replacement work. In response to a Council question regarding sidewalk repairs, staff noted that they were unaware of any recent issues with the lag time in replacing/repairing the sidewalks after construction. Nevertheless, staff indicated that they would contact Chad Gamble with the Public Service Department to address the issue. 12. Use of Low Energy Lights for Streetlights. Staff confirmed that the low energy streetlights are located in various residential areas. The streetlights, which will be evaluated for future continued use is a program sponsored by the American Public Power Association DEED Grant. 13. Mercury Light Bulb Disposal. Mr. Lark noted that as of October 2007 people could dispose of CFL bulbs at the BWL regardless of whether or not the individual is an existing BWL customer. As such, for safety purposes people are asked to place the bulbs inside a sealable plastic bag for proper disposal. Currently, the BWL receives a small amount of bulbs on a monthly basis. 14. Historic Lighting on Washington in Old Town. Councilmember Wood inquired as to the cost of acquiring historic lighting along Washington Avenue in Old Town. In response, Executive Director Doug Wood noted that it used to cost $40,000 a block, which was added to the City of Lansing's streetlight bill. As such, Mr. Wood will follow-up with City Council to provide the current cost to install new historic lighting. 15. Streetlights on Martin Luther King (MLK) Jr., Blvd. Doug Wood advised that there are loading and splicing issues on MLK Jr. Blvd, which have been a source of the streetlight outages. In response to Council's question, it was confirmed that contractors installed the streetlights services in question. 16. Other. Fire Hydrants. Councilmember Wood noted that the BWL is scheduled to replace 100 fire hydrants due to the CSO Project. As such, it was noted that when City Council passed the fire code ordinance they specifically passed it so that BWL employees would do the type of work in question. Councilmember Wood also advised that she could forward a copy of the City Council meeting minutes that speak to the issue if needed. Executive Director of Water Operations and Special Projects Dick Peffley advised that the matter was brought to his attention and they have since gathered some information Board Meeting Page 7 of 28 July 22,2008 and forwarded it onto the BWL's Legal Department for review. He is currently awaiting their response and will address the matter at said time. Power Grid. Councilmember Robinson asked to receive a copy of the BWL's power grid as a means to help explain the spotty power outages that occurred in her ward during the June 6th—8th storms. In response to Councilmember Robinson's request, staff noted that customer's can be feed from different circuits, which can result in partial power. It was also noted that at times there was customer confusion regarding responsibility for repairs to the mast. In addition, staff advised that they would send a storm update to employees and customers alike. There being no further business, the meeting adjourned at 9:22 a.m. NOMINATING COMMITTEE June 26, 2008 The Nominating Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 1:05 p.m. on Thursday, June 26, 2008. Nominating Committee Chair Semone James called the meeting to order and asked the secretary to call the roll. The following committee members were present: Commissioners Joseph Graves, Semone James, Peter Kramer and Julee Rodocker. Commissioner Tony DeLuca was also present. Absent: None. Public Comment There were no public comments. Nominate Board Officer Candidates for FY 2009 The Nominating Committee met to review Commissioner survey responses for consideration of board officer nominations for fiscal year 2009. Upon reviewing an updated copy of the officer and committee survey results, the Nominating Committee discussed at length each respective officer position. After further discussion, the committee did not recommend a slate of officers for fiscal year 2009. Hence, the Nominating Committee agreed that they had reached an impasse and decided to forward the matter to the full board for further review and discussion on July 22, 2008. There being no further business, the meeting adjourned at 1:42 p.m. Respectfully submitted, Semone M. James, Chair Board Meeting Page 8 of 28 July 22,2008 Nominating Committee COMMITTEE OF THE WHOLE July 8, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Tuesday, July 8, 2008. Committee of the Whole Chair Julee Rodocker called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioner Semone James Public Comments There were no public comments. Approval of Minutes Motion by Commissioner DeLuca, seconded by Commissioner Zerkle to approve the minutes of the Committee of the Whole meeting held May 13, 2008. Action: Carried unanimously. Fair and Accurate Credit Transactions Act (FACTA) Mike Collins, Manager of Internal Controls gave a brief overview of the Determination of Identity Theft Prevention Program resolution. As such, it was noted that the proposed resolution would delegate the General Manager the responsibility for the oversight, development, implementation, and administration of said program. The program represents good business practice and is consistent with the Board of Water and Light's (BWL)policy regarding customer information and confidentiality. On motion by Commissioner Cochran, seconded Commissioner Graves, the Committee of the Whole agreed to move the proposed resolution for the Determination of Identity Theft Prevention Program to the full board for consideration and approval on July 22, 2008. Action: Carried unanimously. Economic Development Rate for Chilled Water George Stojic, Executive Director of Strategic Planning and Development gave an overview of the proposed resolution regarding a public hearing for the Economic Development Rider for Chilled Water. The purpose of the rider is to allow the BWL to offer a complete integrated energy and water service package to customers locating in the Board Meeting Page 9 of 28 July 22,2008 downtown Lansing area. The chilled water rate composed of capacity and commodity charges offers both non-cost and cost benefits to those seeking to utilize the service. The new pricing strategy (which is on a life cycle basis) should allow the BWL to increase its customer base by adding capacity without additional fixed charges added to the system. As a result, the pricing strategy will allow the BWL to grow the chilled water business and stabilize its revenues and finances. Following brief discussion, the Committee of the Whole took the following action: On motion by Commissioner Lain, seconded by Commissioner Cochran, the Committee of the Whole agreed to move the proposed resolution for a public hearing regarding the Economic Development Rider for Chilled Water to the full board for consideration and approval on July 22, 2008. Action: Carried unanimously. EPAct of 2005 PURPA Standards Sue Warren, Marketing Manager gave a brief overview of the EPAct of 2005 PURPA Standards. The standard requires that the BWL review five new PURPA standards. The last three currently under review include net metering, fuel sources, and fossil fuel generation efficiency. As such, a public hearing was held May 22, 2008 to receive public input regarding the aforementioned topics. It was determined that the BWL has fulfilled the review of fuel sources and fossil fuel generation efficiency within the confines of its current process. Fuel sources are reviewed during the Renewable Portfolio Standard (RPS)process and in diversifying the BWL's portfolio. Fossil fuel generation efficiency is also reviewed during the integrated resource process, capital investments, and in considering new plant generation needs. It was recommended that the BWL develop a net metering program in which they would utilize a Michigan Public Service Commission standard as the model for the program. There are some issues specific to the BWL that must be addressed. However, it is believed that customers will benefit from the program and the cost of service study currently in progress will aid with unbundling the BWL's existing rate structure. Following brief discussion, the Committee of the Whole took the following action: On motion by Commissioner Cochran, seconded by Commissioner DeLuca, the Committee of the Whole agreed to move the proposed resolution regarding the Determination of Net Metering and Additional Standards to the full board for consideration and approval on July 22, 2008. Action: Carried unanimously. Jackson National Life Development Agreement J. Peter Lark, General Manager advised that Jackson National Life (JNL) is relocating their data centers worldwide to their Alaiedon Township location. As such, a new agreement was developed to address the additional load. The agreement, which the Board Meeting Page 10 of28 July 22,2008 General Manager is prepared to sign was drafted in the same spirit as the original agreement from 1998. JNL is obtaining their Board of Directors authority to enter into the development agreement and requested that the BWL do likewise. Following brief discussion, the Committee of the Whole took the following action: On motion by Commissioner Lain, seconded by Commissioner Kramer, the Committee of the Whole agreed to move the proposed resolution regarding the Jackson National Life Development Agreement to the full board for consideration and approval on July 22, 2008. Action: Carried unanimously. Discussion of Attorney Client Privileged Document Moved by Commissioner Lain, seconded by Commissioner Kramer to go into executive session to discuss a privileged document received from Brandie Ekren, General Counsel and protected by the Open Meetings Act exemption MCL 15.268(h). (6:04 p.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, Kramer, Lain, Rodocker and Zerkle. Nays: None. Absent: Commissioner Semone James. Carried unanimously. Moved by Commissioner Cochran, seconded by Commissioner Lain that the Committee of the Whole meeting return to open session. Carried unanimously. The Committee of the Whole meeting reconvened in open session at 6:10 p.m. On motion by Commissioner Graves, seconded by Commissioner Lain, the Committee of the Whole agreed to move forward with the execution of any and all pertinent documents in resolution of the Section 125 Compliance Matter with the Internal Revenue Service. Action: Carried unanimously. Other Excused Absence. On motion by Commissioner Lain, seconded by Commissioner Kramer to excuse the absence of Commissioner Semone James. Action: Carried unanimously. Employee Evaluations. Commissioner Zerkle asked that all of the Commissioners turn in their board appointee evaluations as soon as possible. Board Meeting Page 11 of 28 July 22,2008 There being no further business, the meeting adjourned at 6:13 p.m. Respectfully submitted, Julee M. Rodocker, Chair Committee of the Whole EXECUTIVE COMMITTEE July 10, 2008 The Executive Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Thursday, July 10, 2008. Executive Committee Chair Semone James called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, Semone James and Julee Rodocker. Commissioners Tony DeLuca and Frank Lain were also present. Absent: None. Public Comments There were no public comments. Transition Plan for the Internal Audit Department On July 8, 2008 the Board of Commissioners received Director of Internal Audit Susan Pifer's letter of resignation effective July 18, 2008. The committee members thanked Ms. Pifer for her service and wished her well in her future endeavors. Due to the pending departure, the Executive Committee discussed a transition plan for the Internal Audit Department. Following discussion, Susan Pifer was directed to work with Charles Moore of C.L. Moore & Associates, P.C. to obtain an engagement letter, which expands his current audit contract to include an interim directorship period. It was noted that Mr. Moore was familiar with Board of Water and Light (BWL) activities and has acted in such a capacity on behalf of the Board of Commissioners in the past. Mr. Moore's current audit contract with the BWL will be expanded to include compensation for his role as the Interim Director of Internal Audit as well as those activities associated with that respective position. On motion by Commissioner Graves, seconded by Commissioner Cochran it was moved to expand the contract with C.L. Moore &Associates, P.C. to include the interim period that the Board of Commissioners is facing in regards to the vacancy created by Susan Pifer's departure. Board Meeting Page 12 of 28 July 22,2008 Action: Carried unanimously. Further Discussion: Commissioner Graves advised that the engagement letter would be added to the next Finance Committee meeting and they would also discuss the role of the internal auditor and its independence. The committee also briefly discussed how they go about permanently filling the internal auditor position or outsourcing the function. There being no further business the meeting adjourned at 5:50 p.m. Respectfully submitted Semone M. James, Chair Executive Committee FINANCE COMMITTEE July 15, 2008 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 3:00 p.m. on Tuesday, July 15, 2008. Finance Committee Chair Joseph Graves called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, Peter Kramer and Semone James. Alternate committee member Commissioner Frank Lain was also present. Absent: None Public Comments There were no public comments. Approval of Minutes Motion by Commissioner Cochran, seconded by Commissioner Lain to approve the minutes of the Finance Committee meeting held May 13, 2008. Action: Carried unanimously. DB and VEBA Asset Allocation Studies Marie Vanerian, First Vice President and Michael Muirhead, Associate Financial Advisor with Merrill Lynch Institutional Consulting Group gave an overview of the Board of Water and Light (BWL) Asset Allocation Studies. Also present were Bill Mackay and Keith Azar with Merrill Lynch. The studies reviewed in detail addressed the following topics: total program management, importance of asset allocation, plan sponsor dilemma, data frequency, objectives of analysis, asset allocation modeling process, scenario development, and the Defined Benefit (DB) and VEBA asset mixes for consideration. It Board Meeting Page 13 of 28 July 22,2008 was advised that asset allocation is a critical component of the plan. The target rate of return is 7.5%, of which one will not typically achieve in any given year but should reach over time. The BWL has met its expectations regarding the current plan and do not expect it to go any lower. It is advised that the BWL should be cognizant of what is occurring in the current environment and the building block methodology takes this issue into account. Every asset class added to the mix either contributes or dampens the asset allocation. Hence, each asset class brings something different to the asset allocation mix. Emerging markets contain a certain level of international exposure and private equity lacks transparency and is not subject to Sarbanes-Oxley(SOX). It was further suggested that the BWL entertain a change to the asset allocation mix for the VEBA fund to include private equity while keeping in mind that Public Act 314 restricts the 5% asset class. Susan Devon, Chief Financial Officer (CFO)noted that staff would review the Defined Benefit and VEBA Trust Investment Policies, make a specific recommendation regarding the asset allocation, and eventually interview asset allocation managers. It was also confirmed that the BWL filled out a Merrill Lynch survey that addressed its desire to seek diversity in their candidate pool. A complete copy of the Lansing Board of Water and Light Asset Allocation Studies prepared by Merrill Lynch Institutional Consulting Group is on file in the Corporate Secretary's office. Engagement Letter from C.L. Moore & Associates, P.C. The Finance Committee discussed the engagement letter received from Charles Moore of C.L. Moore &Associates, P.C. The engagement letter addresses audit processing services for fiscal year 2008-09 and Mr. Moore's role as Interim Director of Internal Audit due to the pending departure of Susan Pifer. It was noted that the interim director stipend stipulated in the engagement letter would cease upon permanent replacement of the directorship for the internal audit position. It was also suggested that the audit processing services contract be extended for a period of two years and that the contractual amount be increased from $110,000 (as stipulated in the engagement letter) to $150,000 per fiscal period at a billable rate for an increase in the scope of work. The committee members also noted the need to have in depth discussion regarding the directorship position and whether to post and fill the pending vacancy as currently structured or outsource the director responsibilities. On motion by Commissioner Lain, seconded by Commissioner James to approve the engagement letter as presented by Charles Moore with the following modifications: 1) audit processing service fees are limited to $150,000 and 2) the audit processing service contract is extended for an additional two years (or whichever date is in compliance with the existing request for proposal). Discussion: Susan Pifer, Director of Internal Audit noted that she prefers the hybrid model for the internal audit position. Whereas, an external auditor handles the directorship responsibilities and maintains an in-house associate who would be intricately Board Meeting Page 14 of 28 July 22,2008 familiar with the organization, as there maybe difficulties in the job market in obtaining and retaining an internal auditor. Ms. Pifer also referenced information contained in the Institute of Internal Auditors Position Paper on Resourcing Alternatives for the Internal Audit Function. See attached document. Yeas: Commissioners Cochran, Graves, James and Lain. Nays: None Abstain: Commissioner Kramer Action: Motion carried. Commissioner Lain departed the meeting at 4:19 p.m.due to a prior obligation. Internal Controls Structure The Management's 2008 Report on Internal Control Structure was presented by the Chief Financial Officer, Susan Devon to the Committee. The report provided an update on the 2008 activities and future plans for the Internal Control & Tariff Administration Department that was created in November 2007. In response to a Commissioner inquiry, Susan Devon advised that SOX does integrate the COSO internal control framework into its requirements. However, SOX is focused on publicly traded companies that report to the Security Exchange Commission (SEC), have shareholders, and executive bonus plans based ear be based on financial performance. As such, Chief Executive Officers must file and certify quarterly reports with the SEC, which requires the implementation of a number of costly and time-consuming controls and monitoring systems. It was noted that the BWL wants strong internal controls without stating that it is SOX compliant, as some of the steps are unnecessary for the BWL. Currently, the Board of Commissioners receives monthly Financial Reports from the General Manager to keep the Board abreast of current financial matters. It was also advised that the internal auditor could review the financial statements on behalf of the Board if interested. Mike Collins, Manager of Internal Controls advised that the Committee of the Sponsoring Organizations of the Treadway Commission(COSO)was formed in 1992 and the SOX Act were passed in 2002. As such, COSO standards were included in SOX, which made best practices a requirement of law. The purpose of the Internal Control and Tariff Administration Department at the BWL is to establish centralized management of the BWL Internal Control Structure under the direction of the CFO. A strong Internal Control Structure will provide reasonable assurance regarding the achievement of objections in: 1) effective and efficient operations, 2)reliability of financial reporting and 3) compliance with applicable laws and regulation. Presently, the Internal Control and Tariff Administration Department is reviewing various processes at the BWL to ensure that proper internal controls structure is in place. Commissioner Graves advised that the best practices implemented by staff are value added. He also agreed that the internal auditor should review the financial materials to ensure a separate and independent opinion of the matter. The General Manager was also applauded for his efforts in creating the internal controls division, which with the addition Board Meeting Page 15 of 28 July 22,2008 of the Director of Internal Audit provides a comfort level essential to moving the organization forward. SOX Follow-up and Discussion Susan Pifer advised that she and the CFO were previously directed to conduct a preliminary evaluation of SOX and the attendant auditing standards effective for fiscal year 2008. As such, Ms. Pifer briefly reviewed the proposed committee discussion information contained in the meeting packet materials and advised that the review had been completed. It was also noted that there was no need for the Finance Committee to take action at this time. The committee members noted the possibility of future discussions regarding the benefits of having an audit versus finance committee. Internal Audit Charter Commissioner Graves noted that he would like the internal auditor to independently review the financials and budget assumptions separate and apart from staff. Separate reporting to the governing body regarding various projects, financials,budget assumptions and other items would serve to acknowledge that there is understanding and agreement with the information presented. Susan Pifer presented the proposed resolution regarding the Internal Audit Charter and noted that it was previously modified and approved by the Board of Commissioners on May 22, 2007. On motion by Commissioner Kramer, seconded by Commissioner Cochran, the Finance Committee agreed to move the proposed resolution regarding the Internal Audit Charter to the full board for consideration and approval on July 22, 2008. Action: Carried unanimously. Auto Audit Demonstration Auto Audit Software Implementation and Design materials prepared by Susan Pifer were included in the Finance Committee packet materials for informational purposes. Auto Audit Software is currently in place and being utilized by the Internal Audit Department. Other Microsoft Project. In response to a Commissioner question, Susan Pifer advised that Charles Moore and Associate Internal Auditor Perez Goree will discuss what reports and/or software each party will maintain. Director of Internal Audit. The Finance Committee and Peter Lark applauded and thanked Susan Pifer for her hard work and service as the Director of Internal Audit. There being no further business, the meeting adjourned at 4:53 p.m. Board Meeting Page 16 of 28 July 22,2008 Respectfully submitted, Joseph E. Graves, Jr., Chair Finance Committee HUMAN RESOURCE COMMITTEE July 21, 2008 The Human Resource Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 11:30 a.m. on Monday, July 21, 2008. Human Resource Committee Chair Sandra Zerkle called the meeting to order and asked the secretary to call the roll. The following committee members were present: Commissioners Tony DeLuca, Joseph Graves, Frank Lain and Sandra Zerkle. Alternate committee members Semone James and Julee Rodocker were present in addition to Robert Cochran and Peter Kramer. Absent: None Public Comments There were no public comments. Approval of Minutes Motion by Commissioner James, seconded by Commissioner Graves to approve the minutes of the Human Resource Committee meeting held May 1, 2008. Action: Carried unanimously. FY 2009 Salary Structure, Skill Family Salary Range Adjustments and Merit Increases Susan Devon, Chief Financial Officer gave a brief overview of the proposed resolution for the fiscal year 2009 salary structure, skill family salary range adjustments and merit increases. Modification to the current salary structure would eliminate the lower tier of the current two-tier base pay caps system. Thereby, allowing a single minimum and maximum pay range for each salary grade. As such, the new salary range maximum would be equivalent to the current pay range control point. Considered best practice under SAP, the Board of Water and Light (BWL) is in the process of implementing a new SAP Human Resources Management and Payroll System. It was also noted that employees would not be adversely affected by the proposed adjustments. On motion by Commissioner James, seconded by Commissioner Graves, the Human Resource Committee agreed to move the proposed resolution for the Salary Management System for Fiscal Year 2008-2009 to the special board meeting for consideration and approval on July 21, 2008. Board Meeting Page 17 of 28 July 22,2008 Action: Carried unanimously. FY 2008 Board Appointee Performance Reviews for Corporate Secretary and General Manager The Human Resource met to conduct the annual performance reviews of the Corporate Secretary and General Manager for fiscal year-end 2008. Rhonda Jones, Corporate Secretary and Board appointee requested a closed session for the purpose of receiving her contractual year-end performance evaluation as permitted by Open Meetings Act exemption MCL 15.268(a). (11:40 a.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, James, Kramer, Lain, Rodocker and Zerkle. Nays: None. Absent: None. Carried unanimously. Moved by Commissioner Graves, seconded by Commissioner Rodocker that the Human Resource Committee returns to open session. Carried unanimously. The Human Resource Committee meeting reconvened in open session at 12:27 p.m. Upon conclusion of the closed session, the Human Resource Committee took the following action: On motion by Commissioner Graves, seconded by Commissioner James, the Human Resource Committee recommended that Rhonda Jones' contract as Corporate Secretary is renewed for a period of one year with a base pay salary increase of 3%. Action: Carried unanimously. General Manager Performance Review J. Peter Lark, General Manager and Board appointee requested a closed session for the purpose of receiving his contractual year-end performance evaluation as permitted by Open Meetings Act exemption MCL 15.268(a). (12:35 p.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, James, Kramer, Lain, Rodocker and Zerkle. Nays: None. Absent: None. Carried unanimously. Board Meeting Page 18 of 28 July 22,2008 Moved by Commissioner Lain, seconded by Commissioner DeLuca that the Human Resource Committee returns to open session. Carried unanimously. The Human Resource Committee meeting reconvened in open session at 1:55 p.m. Upon conclusion of the closed session, the Human Resource Committee took the following action: On motion by Commissioner DeLuca, seconded by Commissioner Lain, the Human Resource Committee recommended to renew the General Manager's contract for one year with six months severance, 15% contribution, six months COBRA, outplacement services, and salary of$239,000 with a possible provision of an additional multi-year contract. Discussion: Commissioner James noted that the Board of Commissioners should ensure that legal counsel review the issue with respect to any possible multi-year contract. Action: Carried unanimously. There being no further business the meeting adjourned at 2:00 p.m. Respectfully submitted, Sandra Zerkle, Chair Human Resource Committee MANAGER'S RECOMMENDATIONS esolution 2008-7-3 A. Implementation of Identity Theft Prevention Program WHEREAS, the Fair and Accurate Credit Transactions Act of 2003 (FACT Act of 2003) amended the Fair Credit Reporting Act of 1970 (FCRA) requiring creditors that maintain covered accounts to develop and implement a written Identity Theft Prevention Program; and WHEREAS, the American Public Power Association has had preliminary discussions suggesting that municipal utilities are subject to the FACT Act of 2003; and WHEREAS, the Board of Commissioners, upon recommendation from the General Manager, believed FACT Act of 2003 may be considered best practices and worth implementing for the Lansing Board of Water and Light. Board Meeting Page 19 of28 July 22,2008 RESOLVED, that the Board of Commissioners for the Board of Water and Light designates the oversight, development, implementation and administration of an appropriate Program of the General Manager, who is directed to: 1. Provide the Board of Commissioners with an update of the Program when it has been implemented. -------------------- Motion by Commissioner James, seconded by Commissioner Lain to approve the Implementation of Identify Theft Prevention Program resolution. Action: Carried unanimously. esolutlon 2008-7- B. Public Hearing Date for Economic Development Rider for Chilled Water WHEREAS, the BWL began offering chilled water to customers in the downtown Lansing area in the summer of 2001; and WHEREAS, currently the customers who are utilizing chilled water are: State of Michigan(12 buildings), Constitution Hall, MEDC and Ingham County Courts; and WHEREAS, the purpose of this proposed Economic Development Rider for Chilled Water is to enhance economic development by encouraging customers to locate or expand facilities in the BWL's service area which will result in a net benefit to the BWL and its customers; and WHEREAS, the BWL will have ample chilled water capacity for the foreseeable future; and WHEREAS, the proposed Economic Development Rider for Chilled Water offers discounts to customers on the capacity charges for the first 6 years. After that time, the customer then is billed on the standard capacity rate as published; and WHEREAS, the BWL will consider adding new chilled water customers for the purpose of adding to revenues which can help keep rates more stable; and WHEREAS, prior to such consideration, public input is warranted in the form of a public hearing as such addition will result in a change in the existing rate structure. RESOLVED, that the Economic Development Rider for Chilled Water be made the subject of a public hearing prior to further consideration by the Board of Commissioners. RESOLVED FURTHER, that the Board of Commissioners hereby set the date of Thursday, September 18, 2008, at 5:30 p.m. for a public hearing to solicit public input on the proposed Economic Development Rider for Chilled Water. The hearing will be held Board Meeting Page 20 of 28 July 22,2008 in the Board of Water and Light's offices, 1232 Haco Drive, Lansing. The Corporate Secretary is directed to file with the City Clerk, no later than August 31, 2008, information regarding the proposed Economic Development Rider for Chilled Water with an effective date of October 1, 2008. CHILLED WATER: Economic Development Rate Rider(Attachment) -------------------- Motion by Commissioner Kramer, seconded by Commissioner Cochran to approve the Public Hearing Date for Economic Development Rider for Chilled Water resolution. Action: Carried unanimously. esolution 2008-7 C. PURPA Standards for Net Metering, Fuel Sources, and Fossil Fuel Generation Efficiency WHEREAS, the Energy Policy Act of 2005 (EPAct of 2005) amended the Public Utility Regulatory Policies Act of 1978 (PURPA) requiring covered utilities to consider adopting five new standards; and WHEREAS, the EPAct of 2005 amendments to PURPA require covered utilities to begin consideration of the Net Metering and Additional Standards, by August 8, 2007, with a public hearing and a determination made by August 8, 2008; and WHEREAS, the Lansing Board of Water and Light (BWL), with electric retail sales in excess of 500 million kWhs meets the definition of a non-regulated covered utility; and WHEREAS, a public hearing on Net Metering and Additional Standards was held on May 22, 2008. BE IT RESOLVED, that the BWL shall implement the PURPA Standards accordingly: 1. Net Metering: Develop and promote a net metering program which meets the PURPA standard as applicable to the BWL. 2. Fuel Sources: Adopt the Fuel Sources standard as applicable to the BWL. 3. Fossil Fuel Generation Efficiency: Adopt the Fossil Fuel Generation Efficiency standard as applicable to the BWL. -------------------- Motion by Commissioner Lain, seconded by Commissioner Kramer to approve the PURPA Standards for Net Metering, Fuel Sources, and Fossil Fuel Generation Efficiency resolution. Board Meeting Page 21 of 28 July 22,2008 Action: Carried unanimously. esolution 2008-7 D. Jackson National Life Development Agreement WHEREAS, a Development Agreement between the city of Lansing, the Lansing Board of Water and Light, and Jackson National Life Insurance Company (Jackson National) has been negotiated and is presented for approval; and WHEREAS, the Development Agreement sets forth the terms, conditions, and agreements of the parties relative to the future expansion of Jackson National's world headquarters,business operations, and related facilities on an additional property site now located in Alaiedon Township adjacent to the current world headquarters; and WHEREAS, the Alaiedon Township additional property site is the subject of a proposed agreement between the City and the Township conditionally transferring the site to the city of Lansing pursuant to 1984 Public Act 425 (the 2008 PA 425 Agreement); and WHEREAS, the Development Agreement calls for the signatories to attach a Corporate Resolution certifying the persons executing the Development Agreement are duly authorized to do so; and WHEREAS, the Contract Signature Authority (Res. 2004-01-08) and Line Extensions and Service Territory Expansions (Res. 2003-3-2) authorize the General Manager to execute agreements of this nature; and WHEREAS, the Development Agreement is subject to the approval and execution of the 2008 PA 425 Agreement by the City and Alaiedon Township. NOW, THEREFORE, BE IT RESOLVED, the General Manager and Corporate Secretary are authorized to execute the Development Agreement with Jackson National Life Insurance Company and the city of Lansing dated June 23, 2008, on behalf of the Lansing Board of Water and Light. -------------------- Motion by Commissioner Cochran, seconded by Commissioner Rodocker to approve the Jackson National Life Development Agreement resolution. Action: Carried unanimously. esolution 2008-7-- E. Section 125 Compliance Settlement RESOLVED, that the Lansing Board of Water& Light finalize and execute any and all pertinent documents in resolution of the Section 125 Compliance Matter with the Internal Revenue Service. ----------------------- Board Meeting Page 22 of 28 July 22,2008 Motion by Commissioner Zerkle, seconded by Commissioner Cochran to approve the Section 125 Compliance Settlement resolution. Action: Carried unanimously. UNFINISHED BUSINESS None. NEW BUSINESS Motion by Commissioner Cochran, seconded by Commissioner DeLuca to nominate the following slate of officers for fiscal year 2008-2009: Chair—Commissioner Frank Lain Vice Chair—Commissioner Sandra Zerkle Discussion: There were no additional nominations from the floor. Action: The Board of Commissioners voted for each officer position separately. The motion carried unanimously to elect Commissioner Frank Lain to the position of Chair and Commissioner Sandra Zerkle to the position of Vice Chair. Comments: Commissioner James noted that it was a honor serving the board as Vice Chair for 2-months and then as Chair for 10-months. She expects the board to move forward in a positive manner, as there are critical issues facing them in the coming year. It was also advised that there are ratepayers at the board meeting with concerns in which they can hopefully bring about positive resolution. Commissioner James went onto congratulate Commissioners Lain and Zerkle and wished them well for the next fiscal year. She also advised that in serving as Chair, she viewed it as an honor and humbly and graciously accepted the challenge. Commissioner James noted that it is a tremendous honor to serve our citizens and hopefully the board will make the right decisions going forward as they have done over the last year. RESOLUTIONS esolution 2008-7- Internal Audit Charter RESOLVED, that the Board of Commissioners hereby approves the Internal Audit Charter, appended to the July 15, 2008, Finance Committee meeting minutes and the resolution as Attachment A, which conforms to the International Standards for the Professional Practice of Internal Auditing, Generally Accepted Government Auditing Standards and the Statements of Auditing Standards promulgated by the American Institute of Certified Public Accountants. On May 22, 2007, the Internal Audit Charter was approved by the Board of Commissioners and hereto referenced by Resolution 2007- Board Meeting Page 23 of 28 July 22,2008 5-12. It was subsequently resubmitted and discussed at the Finance Committee meeting held July 15, 2008, and deemed suitable for continued use with an amendment to comply with Generally Accepted Government Auditing Standards, revised in July 2007 for use by internal audit functions of federal, state and local government entities. --------------------- Motion by Commissioner Lain, seconded by Commissioner Cochran to approve the Internal Audit Charter resolution. Action: Carried unanimously. Reappointment of the Charter Position of Corporate Secretary The Board's Rules of Administrative Procedures specify that the Board is to appoint a Director and General Manager, Internal Auditor, and Corporate Secretary, respectively at its first regular meeting following July 1st of each year or as soon thereafter as may be appropriate. RESOLVED, That the Board of Commissioners hereby reappoints the following individual to the Charter position of Corporate Secretary for fiscal year 2008-2009, or, until a successor is appointed, whichever last occurs: Rhonda Jones, Corporate Secretary RESOLVED, That Rhonda Jones' current employment contract is amended to reflect the new reappointment and contract commencement period of July 1, 2008. ---------------- Motion by Commissioner Kramer, seconded by Commissioner Lain to table revised agenda items 1 Ob and 1 Oc pertaining to the Reappointment of the Charter Position of Corporate Secretary and Compensation Increase and Contract Amendment for the Charter Position of Corporate Secretary. Discussion: No reasoning was provided to Commissioner James' inquiry regarding the desire to table the resolution. The motion carried by roll call vote. Yeas: Commissioners DeLuca, Kramer, Lain, and Rodocker. Nays: Commissioners Cochran, James, and Zerkle. Abstain: Commissioner Thomas. Board Meeting Page 24 of 28 July 22,2008 Compensation Increase For Charter Position of Corporate Secretary RESOLVED, That the Corporate Secretary, Rhonda Jones, is hereby eligible to receive a salary adjustment effective as of July 1, 2008. RESOLVED FURTHER, That the Board of Commissioners authorizes a three percent (3.00%) salary adjustment for the Corporate Secretary,based on the evaluation of the employee's performance from July 24, 2007 through June 30, 2008. ---------------- Motion by Commissioner Kramer, seconded by Commissioner Lain to table revised agenda items 1 Ob and 1 Oc pertaining to the Reappointment of the Charter Position of Corporate Secretary and Compensation Increase and Contract Amendment for the Charter Position of Corporate Secretary. Discussion: No reasoning was provided to Commissioner James' inquiry regarding the desire to table the resolution. Action: The motion carried by roll call vote. Yeas: Commissioners DeLuca, Kramer, Lain, and Rodocker. Nays: Commissioners Cochran, James, and Zerkle. Abstain: Commissioner Thomas. esolution 2008-7- Reappointment of the Charter Position of Director and General Manager The Board's Rules of Administrative Procedures specify that the Board is to appoint a Director and General Manager, Internal Auditor, and Corporate Secretary, respectively at its first regular meeting following July lst of each year or as soon thereafter as may be appropriate. RESOLVED, That the Board of Commissioners hereby reappoints the following individual to the Charter position of Director and General Manager for fiscal year 2008- 2009, or, until a successor is appointed,whichever last occurs: J. Peter Lark, Director and General Manager RESOLVED, That J. Peter Lark's current employment contract is amended to reflect the new reappointment and contract commencement period of July 1, 2008. Page 25 of 28 Board Meeting July 22,2008 ---------------- Motion by Commissioner Lain, seconded by Commissioner Kramer to approve the Reappointment of the Charter Position of Director and General Manager resolution. Action: Carried unanimously. esolution 2008-71 Compensation Increase and Contract Amendment For Charter Position of Director and General Manaller RESOLVED, That the Director and General Manager, J. Peter Lark, is hereby eligible to receive a salary adjustment effective as of July 1, 2008. RESOLVED, That the Board of Commissioners authorizes a salary adjustment for the Director and General Manger, such that his base salary equates to $239,000. RESOLVED, the Director and General Manager's contract shall be amended to reflect a defined contribution increase to 15%, and a severance package which includes 6 months severance pay, 6 months employer paid COBRA premiums, and outplacement services. FURTHER RESOLVED, The Board of Commissioners shall consider a possible provision for granting the Director and General Manager a multi-year contract. -------------------- Motion by Commissioner Lain, seconded by Commissioner Rodocker to approve the Compensation Increase and Contract Amendment for Charter Position of Director and General Manager resolution. Discussion: Commissioner James advised that the Human Resource Committee met yesterday and recommended that Peter Lark's salary be increased from $190,000 to $239,000. Commissioner James noted that she was not in favor of the amount and instead suggested a cost of living increase of 3-4%. The compensation will also consist of a 6-month severance package, 6-months COBRA, and employment assistance after termination. In addition, there was question as to whether or not the monthly car allowance and existing memberships to the Lansing Country Club and University Club was still included. Commissioner James indicated that she was in favor of the other items but thought she and the citizens of Lansing would find the club memberships and $239,000 salary to be excessive. The BWL is a public entity that should not compensate its Director in this manner. Commissioner James also advised that it was a gross injustice and she maybe the only Commissioner that shares this sentiment. The citizens are the ratepayers and it is believed that if put to a vote, the citizens of Lansing would not agree with the compensation package. Commissioner James advised that Mr. Lark has done a good job and she did not begrudge a modest salary increase of 3-4%. However, on behalf of the ratepayers she could not recommend nor thought warranted a 26% or $49,000 Page 26 of 28 Board Meeting July 22,2008 salary increase. Commissioner James noted that they owe accountability to the citizens of Lansing and if fellow Commissioners feel the increase is warranted then she is only one vote. It was further advised that Commissioner James thought it neither appropriate nor acceptable and she would not be in support of the compensation package. Commissioner Cochran advised that although he is not a member of the Human Resource Committee, he too was present for the discussion. He further noted that sometimes you think that you are going to feel good and find something acceptable on one day and after you have some time to think about it you change your mind. Commissioner Cochran noted that Mr. Lark had done a very good job as was previously stated. He also referenced the state of the economy; Lansing's current situation, upcoming union negotiations, and the low percentage amount budgeted for anticipated rate increases for non-bargaining employees and executive officers. He further advised that a raise of $49,000 is approximately a little over 20% and when the board hired Mr. Lark a year ago his salary was adjusted from $120,000 to $190,000. Commissioner Cochran noted that Mr. Lark has one years experience as a General Manager and because of his performance he deserves a raise but he found it hard to wrestle with his conscience that the board would give such a huge raise when he did not believe it necessary. He noted that just recently they asked the ratepayers to increase rates across the board and they are paying for this; such a big increase is going to affect the budget that was just presented. Commissioner Cochran further advised that he did not think it appropriate and hence he will vote no on the resolution. Commissioner James echoed Commissioner Cochran's sentiments and also noted that there are many foreclosures and people losing their jobs in Lansing. As such, it would not be in their best interest to grant the increase. Commissioner Kramer noted that none of the previous comments were voiced during the time in which the board was discussing said matters. He also provided the following information for the general public's understanding: finding talented executives that are capable of managing and operating a public utility company is very difficult. When you are in an organization where you can find the right talent, at the right place, and time to lead an organization, one of the most important things you need to do is to be able to retain that talent. The analysis prepared by the Human Resource Department and independent consultants found that the median average (50% of all similar positions) presented an average pay scale of plus 10%was $293,000. Therefore, 50% of the executives nationally in similar positions of responsibility earn $290,000 on average (which represents 80-90 positions). It was noted that Mr. Lark accepting a$190,000 contract a year ago was very nice and very good for him to accept at a time when the BWL needed an executive but it is time to respect and recognize the performance that he has done and the capabilities that he is able to provide for the BWL. The new pay structure is still well below the national average and well below what an individual of his capabilities is able to earn at other organizations. Hence, it takes money to retain and seek talented people to run a very complicated organization. Commissioner Kramer also noted that he fully supports the resolution and believes that Mr. Lark is still underpaid for the capabilities he brings to the organization. Page 27 of 28 Board Meeting July 22,2008 Commissioner Lain thanked Mr. Lark for coming to Lansing at the lower rate and noted that his current pay is at the bottom of the scale for people in his venue. Commissioner James stated that she would like to vehemently express her displeasure at what she considered a horrendous amount for a public official and especially inappropriate during tough economic times. Commissioner James acknowledged that she was unaware that the board was trying to retain Mr. Lark and did not know that there was another offer on the table, which would warrant this type of salary and compensation package. She also advised that she did not begrudge Mr. Lark the ability to go out and earn as much as possible. However, this is a public utility owned by the ratepayers and everyone has to be accountable. There are people who cannot pay their bills, receive cutoff notices, and are laid off. Commissioner James further advised that if she were Mr. Lark she would not accept the compensation. She also noted that Mr. Lark is earning a good amount of money and strongly encouraged him to accept a 4%increase until times in Lansing get better. Commissioner James further noted that she understood the range information developed by the Human Resource Department. However, she did not think the resolution to be in the best interest of Lansing. Action: The motion carried by roll call vote. Yeas: Commissioners DeLuca, Kramer, Lain, Rodocker, Thomas and Zerkle. Nays: Commissioners Cochran and James. Abstain: None. MANAGER'S REMARKS Coal Contract. General Manager Peter Lark reported that the BWL with the assistance of Executive Director Dick Peffley executed a coal rail contract with DTE that will allow the citizens of Lansing to save $52 million over the next two years. Fiscal Budget. Peter Lark inherited a budget with a net income loss of$6 million. Although not guarantee, it is projected that the BWL will have year-end net income profit of$12 million as opposed to a loss of$6 million, which is positive for the ratepayers. Connections Live! The BWL is scheduled to host its 2"d Annual Connections Live on September 15th from 5:30 p.m. to 7:30 p.m. at Dwight Rich Middle School. The event is designed to help BWL customers lower their rates and save on electricity and natural gas through various conservation efforts. COMMISSIONERS' REMARKS Commissioner James noted that she was displeased at the tabling of the resolutions regarding the Corporate Secretary. She also advised that the Secretary has done a fine job for the Board and they will take up the matter at another time. Page 28 of 28 Board Meeting July 22,2008 EXCUSED ABSENCE No excused absences. PUBLIC COMMENTS Eric Crosley, 228 S. Foster, Lansing shared a short poem and expressed concern regarding the General Manager's salary increase. Rev. Richard Preston, 628 Lincoln Avenue, Lansing discussed the guiding principle of common good and expressed concern regarding the General Manager's salary increase. Steve Rall, 1608 W. Shiawassee, Lansing thanked Commissioners Cochran and James for their comments regarding the General Manager's salary increase. He also expressed concern regarding the mountain top removal coal mining process and its environmental and economic effects in the Appalachia area. ADJOURNMENT On motion by Commissioner Cochran, seconded by Commissioner DeLuca, the meeting adjourned at 6:42 p.m. /s/Rhonda, Corporate Secretary Filed with Lansing City Clerk August 1, 2008 Approved by the Board: July 22, 2008 MINUTES OF THE BOARD OF COMMISSIONERS SPECIAL MEETING LANSING BOARD OF WATER AND LIGHT .71 Monday, July 21, 2008 (-' The Board of Commissioners met at the Executive Offices of 1232 Haco Drive, Lansing; Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: None The Secretary declared a quorum present. Chairperson James called the meeting to order at 2:04 p.m. PUBLIC COMMENT THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT AND ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. COMMUNICATIONS None. MANAGER'S RECOMMENDATIONS esolution 2008-7-1 Salary Management System Fiscal Year 2008-2009 Whereas, the Human Resource Department, in conjunction with Paul Reagan of Dorey, Reagan &Associates, has conducted a review and analysis of the Lansing Board of Special Board Mtg. July 21,2008 Page 2 of 5 Water & Light's current direct compensation design and administrative processes for its Non-Bargaining Salary Management System; and Whereas, the Chief Financial Officer and Human Resources Department, with the concurrence of the General Manager has recommended to the Human Resources Committee that the Board of Commissioners modify the current salary structure so as to eliminate the lower tier of the current two-tiered base pay caps resulting in single minimum/maximum pay ranges for each grade level and that the new range maximum level be equal to the current pay range Control Points (50t"percentile of the labor market + 10% ); and Whereas, the proposed salary structure change is designed to provide competitive base pay packages that will enhance potential employee attraction, improve equity for recent hires, and maintain cost management capabilities; and Whereas, the Board of Water & Light is currently in the process of implementing a new SAP Human Resources Management and Payroll System and the proposed salary structure changes are considered"best practices" under SAP. Therefore, adoption of staff s recommendations will save time and money in implementation because no special configuration would be required; and Whereas, the Human Resource Department has completed its annual review of the Lansing Board of Water & Light's skill family ranges for non-bargaining employees for the purpose of maintaining salary ranges in line with comparable positions in the labor marketplace; and Whereas, the Board of Commissioners approved the Board of Water and Light's Fiscal Year 2009 Operating Budget, on May 27, 2008, that reflected merit increases for non- bargaining unit employees of 2%; and Whereas, the Board of Commissioners has been advised as to these recommendations. RESOLVED, that the Board of Commissioners approve modification of the current salary structure to eliminate the two-tier base pay caps, and set the pay range maximum equal to the current pay range Control Point; and FURTHER RESOLVED, that the Board of Commissioners adopt the recommended adjustments to the non-bargaining unit skill family ranges; and FURTHER RESOLVED, that the General Manager is authorized to develop all procedures necessary for implementation of the new salary structure and skill family ranges. Motion by Commissioner Cochran, seconded by Commissioner Graves, to approve the Salary Management System for Fiscal Year 2008-2009. Special Board Mtg. July 21,2008 Page 3 of 5 Action: Carried unanimously. CLOSED SESSION Moved by Commissioner Lain, seconded by Commissioner Zerkle to go into closed session to discuss a privileged document received from Melissa Jackson, Attorney with Foster, Swift, Collins & Smith, P.C. as protected by the Open Meetings Act exemption MCL 15.268(h). (2:06 p.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, James, Kramer, Lain, Rodocker and Zerkle. Nays: None. Absent: None. Carried unanimously. Moved by Commissioner Lain, seconded by Commissioner Cochran that the Special Board meeting return to open session. Carried unanimously. The Special Board meeting reconvened in open session at 3:00 p.m. On motion by Commissioner James, seconded by Commissioner Kramer, to authorize the Board's attorney to proceed in accordance with the attorney's recommendation made in closed session. Action: Carried unanimously. The Special Board meeting took a meeting break at 3:05 p.m.and resumer!at 3:12 p.nr. RESOLUTIONS esolutio 2008-7 ENGAGEMENT LETTER FROM C.L. MOORE & ASSOCIATES, P.C. RESOLVED, that the Lansing Board of Water & Light accept the engagement letter as presented by Charles Moore of C.L. Moore &Associates, P.C. which includes, Auditing Process Services Fees in an amount not to exceed $150,000 per annum and for a term not to exceed August 1, 2010. FURTHER RESOLVED, in accordance with the engagement letter Charles L. Moore shall perform directorship responsibilities until a date not to exceed July 18, 2009, or until the Board of Commissioners appoint a Director of Internal Audit, whichever occurs first. Special Board Mtg. July 21,2008 Page 4 of 5 ................ Motion by Commissioner Lain, seconded by Commissioner Graves, to approve the Engagement Letter from C.L. Moore &Associates, P.C. Action: Carried unanimously. MANAGER'S REMARKS None. COMMISSIONERS' REMARKS Commissioner Cochran advised that he is scheduled to attend a demonstration plant in Madison, Pennsylvania Wiseonsi to see how a plasma plant operates in making biofuels del for a variety of uses. Commissioners Lain and James both thanked Commissioner Graves for his service to the Board of Water and Light (BWL). Commissioner Graves noted that his will miss dealing with the BWL in a direct manner and advised that his time as a Commissioner has been both challenging and rewarding. EXCUSED ABSENCE None. PUBLIC COMMENTS Jim Dravenstat-Moceri, Assistant Business Manager for IBEW Local 352 expressed appreciation to Commissioner Graves for the work he has done as a Commissioner. The Special Board ineeting took a meeting break at 3:22 p.m.and resumed at 3:32 p.m. UNFINISHED BUSINESS Moved by Commissioner Graves, seconded by Commissioner Kramer to go into closed session to discuss a privileged document received from Brandie Erken, General Counsel as protected by the Open Meetings Act exemption MCL 15.268(h). (3:35 p.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves, James, Kramer, Lain,Rodocker and Zerkle. Nays: None. Absent: None. Carried unanimously. Special Board Mtg. July 21,2008 Page 5 of 5 Moved by Commissioner Cochran, seconded by Commissioner DeLuca that the Special Board meeting return to open session. Carried unanimously. The Special Board meeting reconvened in open session at 3:55 p.m. ADJOURNMENT On motion by the Board of Commissioners, the meeting adjourned at 3:57 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk July 22, 2008 Approved by the Board: July 22, 2008 MINUTES OF THE BOARD OF COMMISSIONERS' MEETING << LANSING BOARD OF WATER AND LIGHT Tuesday, May 27, 2008 �•'� The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Peter Kramer, Frank Lain and Sandra Zerkle. Absent: Commissioners Joseph Graves and Julee Rodocker The Secretary declared a quorum present. Chairperson James called the meeting to order at 5:30 p.m. APPROVAL OF MINUTES Motion by Commissioner Cochran, seconded by Commissioner DeLuca, to approve the minutes of the regular board meeting held March 25, 2008. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT. ANYONE WISHING TO COMMENT ON ANY MATTER NOT ON THE AGENDA MAY DO SO IMMEDIATELY PRIOR TO ADJOURNMENT. There were no public comments. COMMUNICATIONS Letter from Commissioner Frank Lain regarding Commissioner Retiree Appreciation Gift. Received and placed on file. Board Meeting Page 2 of 26 May 27,2008 COMMITTEE REPORTS COMMITTEE OF THE WHOLE April 8, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Tuesday, April 8, 2008. Committee of the Whole Chair, Julee Rodocker called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioner Peter Kramer. Public Comments There were no public comments. Approval of Minutes Motion by Commissioner Cochran, seconded by Commissioner Zerkle to approve the minutes of the Committee of the Whole meeting held March 13, 2008. Carried unanimously. Balanced Scorecard Steve Brennan, Manager of Erickson Station gave an overview of the balanced scorecard, its components, and current standing. The balanced scorecard composed of four perspectives and measures include financial performance, customer service, operational excellence, and people excellence. Some of the items compete against one another therefore it is their goal to have greater than 50% of the items meet their respective targets, of which the BWL is currently at 75%. Listed below are the measures for each respective performance. • Financial Performance o Operations and Maintenance Budget to Actual Variance o Rate Comparison to Competitors o Commodity Unit Cost - $/KWH, $/ccf, $/Mlb, $/Ton-hrs • Customer Service o Speed of answer(seconds) o Percentage of Meters Read o Percentage New Services Installed on Time • Operational Excellence Page 3 of 26 Board Meeting May 27,2008 o Asset Reliability—CAIDI (minutes), Availability Factor, and Number of Circuits with 5 or more Breaker Actions o Enviromnental Stewardship -Percentage of fly Ash Sold and Number of Variances, Compliance Notices and Fines People Excellence o Safe Workplace o Employee Development—Average number of training hours per employee In response to a Commissioner question regarding the BWL's rate comparison, staff noted that some of the percentage changes were a result of varying fuel cost adjustments, rate changes (including summer and winter month variations) and surcharges. BWL and Consumers Energy(CE) do not have identical rate comparisons due to the unbundled surcharges contained in CE's rate structure. Following the completion of the overview, it was further noted that scorecard explanations are available online and each department has a departmental scorecard available to all employees. Shut Off for Non-Pay Procedure Bob Perialas, Manager of Customer Accounts and Collections thanked the committee members for an opportunity to present. He then proceeded to give an overview of the shut off for non-pay procedure relative to the billing cycle, grace period, delayed payment charge, shut off eligibility/final notices and the shut off pool. it was noted that the comuter alorithm In response to a Commissioner e determines which accounts are eligible for shut off based on the number of days of delinquently and the amount owed. It was also advised that the BWL has the flexibility to extend the leave on for heat season to protect the health and safety of its customers as well as the BWL's equipment. The leave on for heat season is a practice in which electricity is not disconnected for non- payment during the winter months of December 1st thru April 1st due to incremental weather. It was also stressed that disconnecting are service for made to contact t customer in an effort ent is viewed as a last resort. Prior to disconnection, attempts to make account arrangements prior to service interruption. Customer Account Representatives also have the ability to install 8 amp limiters in lieu of disconnecting service,which typically allows limitd use f the count service The BWLll appropriate also have color-coded arrangements and/or payments have been made on the ac security tabs that alert personnel to a medical condition within the household that requires electricity. In addition, the BWL also partners with various agencies throughout the area that assist customers with utility bills. In response to a Commissioner question regarding the representatives' discretion, it was noted that in order to have a positive field action one of the following three things must happen: 1) the power will be shut-off, 2) the customer must make a signed arrangement, or 3) they can make a payment on the account. In response to another question regarding periodic patterns relative to the field representatives, it was advised that it is customary Page 4 of 26 Board Meeting May 27,2008 for the same representatives to work in the same territory. Therefore, if a promise to pay is not kept then the field representativeeT less audits lfor homeowners (via Urban Options), y to work with the customer. In addition, the BWL can also conduct en gy which help customers learn how to reduce their consumption. Credit Card Payment Bob Perialas gave an overview of the changes to the credit card payment process. It was advised that beginning May 1, 2008 the BWL would no longer directly accept non- enrolled credit card payments in an effort to reduce costs. Currently, the BWL is responsible for all credit card charges which amount to over$700,000 ye r for As as result, customers would be allowed to pay credit I addition,through Hers an also continue to convenience fee payable to the vendor. participate in the automatic payment program in which the bill amount is deducted from their respective credit card at no additional fee. An automatic teller machine has been placed in the customer service lobby to allowas to access cash and a phone lcard ine will also be available to allow persons to contact the 3 party vendor to make credit payments by phone. Changing the current process would allow the BWL to save approximately$400,000 a year. A customer feedback hotline number was installed to allow customers an opportunity to provide input regarding the changes. Thus far, staff has only received a couple of calls in which they were able to provide satisfactory explanations. Reducing the cost helps to eliminate the subsidy. It was also noted that approximately 10% of BWL customers pay by credit card, including those that are enrolled in the automatic bill payment plan. Peter Lark, General Manager noted that 90% of the cutomer base is resent t mesnone of the larger udtilitie taccept who choose to pay by credit card. At the p credit card payments and it is an option for the B ound by allowing their continuedL to eliminate their use in its 1useY However, it was thought best to create a mid gr and eliminating the indiscriminate user. The first step would be implementing the change and then determining other options for the nextyear. Following the overview, the Commissioners expressed concern with charging some customers a fee to pay by credit card while others are not required to do so. ut 1 t bill. hey also noted that occasional credit card users might have difficulty in paying Y Therefore, an additional convenience fee may unfairly tter thaparage that customer base. The should have brought before the Commissioners also advised this to be a policy committee prior to its implementation. In addition,ratepayer.was suggested After further discussiondthe aware in advance of any changes that impact t following action was taken: On motion by Commissioner Lain, seconded b ttee for further discussion.issioner ,thecredit card payment matter was referred to the Finance Comm Action: Carried unanimously. Page 5 of 26 Board Meeting May 27,2008 Renewable Energy Update George Stojic,Executive Director of Strategic Planningis d the ercompoIt nts of the regarding forthcoming strategic plan and recommendations g g new advised that staff is waiting for the completion of the integrated resource plan, cost lan related to compliance as well as cost associated with oximate y 3aweekss It waspfurther should be complete and ready for presentationpp noted that the BWL is the first utility company in the state of Michigan to institute a renewable portfolio standard. As of now, the BWL is on schedule to meet its 2012 and 2016 goals respectively. The renewable energy update provided information relative to landfill energy,hydroelectric, wind, solar and biomass. • Landfill energy—very reliable,high availability and significantly less expensive than other renewable resources rice competitive • Hydro-electric—lower capacity factor than landfill facilities,p p relative to wind and solar, limited usage to existing instate dams o LBWL Moores Park— South unit will be aback onlinert has beenbdle porlse08. North 0ral years. unit dam is scheduled for investigation, o BWL North Lansing—It is unlikely that this dam will return to service due to rehabilitation cost, expiration of the FERC license, the cost to re-license and the uncertainty of the dam itself. act to the BWL is o Tower-Kleber—The dam under con tr the end of 2010. A re-evaluation as to whether h scheduled expire to at e BWL shouldrenewhe contract is under review. Wind—high energy cost and low reliability. It also has a low capacity factor depending on its location within the state. The BWL cur size units has possible wind projects with Granger under review for small o Solar—low capacity factor,higher cost compared to other renewable resources, and can have its greatest impact during the summer peak periods. instalWL staff is lation on on top of the currently developing a solar energy evaluation project f potential reservoir located across from the Dye Water plant. Biomass—involves the use of waste matter and oo es Park steam generators and tontly exploring the use of biomass to co-fire the M evaluate its use at one of the BWL's pulverized coal units. The Committee of the Whole took a meeting breakfrom 6:52 p.m. to 7:10 p.m.after which the meeting resumed. Marketing Update Marketing George Stojic introduced and acknowldKellee Chrd newly istenseneds contributions and efforts to ager Sue Warren and Customer Projects Manager the existing marketing and customer development ro e t that staff members a eHe also gave a aworking on update, which noted several new development pand in which to provide infrastructure estimates. It was are north Ter noted that the he BWLes long- revenue amounts are estimated and the projects guaranteed. term forecast projects 1.4% growth and the developmentonlprojects roects to that represent 7%spe give rowth n spread out over 5-7 years,with some projects coming prior timeframe. Board Meeting Page 6 of 26 May 27,2008 In addition, the BWL along with six other utilities is a member of the Michigan Public Power Agency (MPPA). The BWL sells a significant amount of power to the power pool and the majority of the other members aside from Grand Haven are net purchasers. There has been significant conflict during the past few years as to how the power should be priced for sell, which resulted in a termination of the BWL's power pool participation effective calendar year 2010. Nevertheless,based on the negotiation efforts of Dave Bolan, Peter Lark and Doug Wood the MPPA has agreed to modify the price paid to the BWL for the energy it supplies to the pool. As a result, the BWL expects to receive approximately$1,000,000 in additional revenue during the first year and approximately $5,000,000 in incremental steps over the next three years. The resolved conflict is a major step forward for the municipal community, which is beneficial to the BWL and the MPPA members in forging a long-term partnership with regards to new generation. In response to a Commissioner question, it was noted that despite the termination notice given to the MPPA approximately 2.5 years ago, the BWL is still committed to its obligations. It was advised that the BWL did not increase its obligations to the MPPA within the confines of the new agreement. The BWL is also not committed to providing bridge power to the municipalities unless they are partners in the building of a new power plant. In relation to new generation, it was advised that utility companies need to determine their strategy relative to proposed environmental legislation and carbon footprints. EPAct of 2005 Update Sue Warren, Marketing Manager gave an EPAct of 2005 update which included a request to host a public hearing on May 22, 2008 to receive public comment regarding net metering, fuel diversity and fossil fuel generation efficiency. In response to a Commissioner question, it was noted that the customer group interested in said topics are those who store renewables on their property and are interested in selling it via net metering. Following the public hearing, staff is required to make its final recommendation to the Board of Commissioners prior to August 8, 2008. On motion by Commissioner James, seconded by Commissioner Cochran, the Committee of the Whole agreed to host a public hearing on May 22, 2008 to fulfill the requirements of EPAct of 2005 that will address Net Metering, Fuel Diversity and Fossil Fuel Generation Efficiency. Action: Carried unanimously. Bond Issue Sue Devon, Chief Financial Officer gave an update regarding the bond issue and also introduced Bond Counselor, Bill Danhoff of Miller, Canfield, Paddock and Stone, P.L.C. and Bond Financial Advisor, Warren Cramer of Robert W. Baird & Company. The bonds were sold through a competitive bid process on April 2, 2008 at a premium rate of 4.835%. There were four bidders that included City Group (4.91%), Merrill Lynch (5%), RW Baird (4.95%) and Wachovia Bank (4.83%). Following the conclusion of the bond process, the bid was awarded to Wachovia Bank. The BWL's rating with Standard& Page 7 of 26 Board Meeting May 27,2008 Poor's is AA- and Moody's is Aa3. The previous rate covenant was 150% and was recently reduced to 125%,which results in lower covenant requirements and lower promises to bond holders. It was also noted that the BWL has standalone status regarding its financial qualifications. Therefore,the BWL's qualification status is separate from that of the City of Lansing. It was further advised that in moving forward the BWL is in a good position if it were to seek additional bonds for a large capital improvement proj ect. In response to a Commissioner question, it was noted that customers could contact Wachovia Bank directly to determine whether or not the bonds are available for sale to the general public. Following the update, the Commissioners requested a copy of the rating report and official statement. Sparrow Foundation Update Calvin Jones, Director of Public Relations, Diversity and Organizational Development presented an update regarding the Sparrow Foundation. The Sparrow Foundation in conjunction with the Sparrow Hospital has presented the BWL with an opportunity for it to partnership in donating a monetary gift to the foundation. As such, the Sparrow Foundation has proposed a naming gift of$50,000 that could be paid over a course of 10 years. The primary source of the monetary gift will be a portion of the proceeds raised during the BWL Chili Cook-off so as not to impact ratepayer dollars. In return for its investment the BWL has the option to name one of three areas: trauma room inside Sparrow's new Emergency Department, smaller Northside Rooftop Patio on the fifth floor of the new West Tower, or the Fast Track (Urgent Care) waiting room inside Sparrow's new Emergency Department. In response to a Commissioner question, it was noted that proceeds from the Chili Cook- off are currently donated to the Impression 5 Museum and the Hope Scholarship program; and each charity will continue to be a recipient of said funding. In response to another question, staff noted that they were unaware of how much is donated to Pennies for Power. However, the BWL is currently in the early stages of developing a large fundraising effort that would benefit the Pennies for Power program. On motion by Commissioner James, seconded by Commissioner Graves, the Committee of the Whole agreed to select the naming option of the Fast Track(Urgent Care) waiting room inside Sparrow's new Emergency Department. Action: Carried unanimously. APPA National Conference Discussion The Committee of the Whole discussed the upcoming American Public Power Association(APPA)National Conference scheduled for June 2008. It was noted that the conference is worthwhile and offers fine educational activities. It was also advised that as part of the conference, APPA is offering an opportunity to work with Habitat for Board Meeting Page 8 of 26 May 27,2008 Humanity in building new homes. As such, the Committee of the Whole agreed that since it is an APPA sponsored activity hosted as part of the conference, the cost to depart in advance in order to participate in said event would be covered in the overall conference cost. Commissioner Cochran reported that he plans to attend the following pre-conference seminars entitled, "Improving Controls to Protect Your Utility's Assets" and"Rates Part 2: Understand Marginal Cost-Based Rates". He also recommended that other Commissioners consider attending the seminar entitled "Rates Part 1: Understanding Cost-of-Service-Based Rates". In addition, it was also noted that it is general practice for the Secretary to receive a copy of the presentation materials from each Commissioner upon their return and compile a complete conference packet to distribute to each Commissioner for future reference and review. Internal Auditor of the Year Award Discussion The Board of Commissioners received a letter from the Institute of Internal Auditors soliciting nominations for the Internal Auditor of the Year Award. On motion by Commissioner James, seconded by Commissioner Cochran, the Committee of the Whole agreed to nominate Susan Pifer, Director of Internal Audit for the Internal Auditor of the Year Award with the Institute of Internal Auditors. Action: Carried unanimously. Following brief discussion, Commissioner Graves agreed that he would take responsibility for composing the information and submitting the nomination. Commissioner Graves also asked that all of the board members provide input within the next two days via email to Secretary Jones in order to finalize and submit the nomination letter by the April 16, 2008 deadline. Commissioner Retiree Appreciation Resolution Discussion On motion by Commissioner Cochran, seconded by Commissioner Lain, the Committee of the Whole agreed to postpone the Commissioner Retiree Appreciation resolution. Discussion: It was noted that the Commissioner Retiree Appreciation resolution was previously passed at a prior committee meeting. It was then suggested that the Board continue to act under past practice regarding departing Commissioners as opposed to creating a new policy. Therefore, a departing Commissioner would continue to receive a resolution, BWL watch, and a dinner in honor of their service to the BWL. However, if a departing Commissioner does not want the dinner for any reason then they would have other options not to exceed $500.00. The choice to have or not have a dinner would be the option of the departing Commissioner. It was further advised that Director of Internal Audit Susan Pifer and Charles Moore of C.L. Moores &Associates confirmed that $500.00 does not meet the threshold of a 1099 form. In addition, it was also noted that the gift amount would be deducted from the Board of Commissioners budget. Board Meeting Page 9 of 26 May 27,2008 Commissioner DeLuca expressed concern regarding the perception of giving a departing Commissioner a gift certificate in lieu of a dinner in their honor. Following brief discussion, the Committee of the Whole voted on the motion. Action: Carried unanimously. Other On motion by Commissioner Lain, seconded by Commissioner Cochran, the Committee of the Whole agreed to excuse the absence of Commissioner Peter Kramer. Action: Carried unanimously. There being no further business, the meeting adjourned at 8:25 p.m. Respectfully submitted, Julee M. Rodocker, Chair Committee of the Whole FINANCE COMMITTEE April 22, 2008 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:00 p.m. on Tuesday, April 22, 2008. Finance Committee Chair, Joseph Graves called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran(arrived at 4:17 p.m.), Joseph Graves, Semone James, and Peter Kramer. Alternate committee member Commissioner Frank Lain was present in addition to Commissioner Tony DeLuca. Absent: None Public Comments There were no public comments. Budget Information Sue Devon, Chief Financial Officer gave note of the Board of Water and Light (BWL) budget assumptions for fiscal year 2009. The presentation materials contained information pertaining to the budget calendar, sales forecast, revenue assumptions, operating expenses and capital expenditures. Following brief review, the committee asked that the presentation materials contained on page 5 under rate increases be changed to reflect, "increases/decreases", since they have Board Meeting Page 10 of 26 May 27,2008 not made a determination as to whether or not future rate changes will increase or decrease. In addition, the committee also requested five years of charts/graphs depicting the yearly average increased costs for health care, prescription drugs and co-pays, which pertains to the anticipated health care,prescription increase of 9.5%noted on page 7 of the presentation. In response to the request, Sue Devon noted that they would have the additional healthcare information available, which would also include a breakdown between active and retired employees. Budtet Review Internal Auditor. Susan Pifer, Director of Internal Audit gave a brief overview of the proposed budget for the Department of Metrics and Audit for fiscal year 2009. During the overview it was noted that the proposed budget is on a continuance basis that contains 3 full time equivalents and a 3/4 equivalent rate for outside consultant fees for the services of C.L. Moore &Associates. Corporate Secretary and Board of Commissioners. Rhonda Jones, Corporate Secretary gave a brief overview of the Corporate Secretary and Board of Commissioners proposed budgets for fiscal year 2009. It was advised that both budgets were essentially similar to the previous year with decreases made to the Commissioners budget relative to outside services due to a decreased anticipated need for consultants. Following brief discussion, the Finance Committee took the following action: On motion by Commissioner James, seconded by Commissioner Lain, the Finance Committee approved the fiscal year 2009 budget for the Department of Metrics and Audit, Corporate Secretary, and the Board of Commissioners, which will be submitted with the overall budget to the full board on May 27, 2008. Discussion: Commissioners DeLuca and Lain noted for the record that they are not supportive of the retiree gifts. Action: Carried unanimously. Credit Card Payment Peter Lark, General Manager gave an overview of the credit card payment system and the effects of the current structure,proposed changes, and the possible application of convenience fees to all credit card paying customers. The proposed change would eliminate the use of non-enrolled credit card payments. Therefore, customers who are enrolled in the automatic payment plan would not see any changes. Instead those who are not enrolled and desired to pay by credit card would contact a third party vendor who in turn would assess the customer a convenience fee. The proposed change made in an effort to reduce cost would save the BWL approximately$400,000. It was further advised that the change is the middle ground between either leaving the program as is or charging all credit card customers a convenience fee. In addition, Manager of Customer Accounts and Collections Bob Perialas explained the specifics of the cost breakdown Board Meeting Page 11 of 26 May 27,2008 associated with the credit card payment process and the analysis regarding merchant banks. Following lengthy discussion, Commissioner Cochran expressed concern regarding the creation of disparity between one customer base versus another, and suggested that staff either leave the program as is or end the acceptance of credit card payments in its entirety. Subsequent to additional discussion, it was also noted that the proposed credit card change is a good business practice and a way in which to exhibit cost reductions to the ratepayer. As such, cost reduction measures should be communicated to the ratepayer accordingly, as operating cost reductions were a topic of discussion during the previous rate hearing. Pursuant to additional discussion, the Finance Committee took the following action: On motion by Commissioner James, seconded by Commissioner Kramer, the Finance Committee voted to support the credit card payment proposal as presented by the General Manager. Yeas: Commissioners Graves, James, Kramer and Lain Nays: Commissioner Cochran. Action: Motion carried. Following the vote, Commissioner Kramer congratulated staff regarding the task and asked that they continue to look for opportunities to save money. Commissioner Graves also asked staff to send the Commissioners a copy of the verbiage they intend to use in announcing the proposed changes to the ratepayers prior to the next Board meeting. Other Commissioner Cochran gave a brief overview of his experience as a judge for the BWL amateur chili cook-off contest held on April 19, 2008. There being no further business, the meeting adjourned at 4:35 p.m. Respectfully submitted, Joseph E. Graves, Jr., Chair Finance Committee Board Meeting Page 12 of 26 May 27,2008 HUMAN RESOURCE COMMITTEE May 1, 2008 The Human Resource Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 12:10 p.m. on Thursday, May 1, 2008. Human Resource Committee Chair, Sandra Zerkle called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Tony DeLuca, Frank Lain and Sandra Zerkle. Alternate committee members Commissioners Semone James and Julee Rodocker were also present. Absent: Commissioner Joseph Graves Public Comments There were no public comments. Uniform Board Appointee Evaluation Forms The Human Resource Committee met to discuss the need for a simplified uniform evaluation tool in which to conduct the performance evaluations for the board's appointees. As such, the committee members discussed utilizing the Board of Water and Light (BWL) Planning and Feedback Summary Form in conjunction with the Salary Development Interview Form as the performance evaluation tool. It was noted that the appointees would list their performance goals and objectives on the planning and feedback form and complete a self-evaluation at fiscal year-end. Following lengthy discussion, the Human Resource Committee took the following action: On motion by Commissioner James, seconded by Commissioner Lain, the Human Resource Committee agreed to use the BWL Planning and Feedback Summary Form and the Salary Development Interview Forms as the employee performance evaluation tools for the Board of Commissioner board appointees. As such, the Salary Development Interview Form should remove the terminology of limited asset, definite asset, and strong asset and replace it with exceeds expectation, meets expectation, and does not meet expectation. In addition, an extra page will be added to the evaluation form to allow for appointee feedback following their respective evaluation. Discussion: The committee confirmed that the forms would be used in the evaluation process for the current fiscal period. A copy of each appointee's fiscal year-end goals will be included in their evaluation materials as a reference point. Additionally, the Human Resource Committee recommendation regarding the evaluation forms will be forwarded to the Committee of the Whole for further review and approval. Action: Carried unanimously. There being no further business, the meeting adjourned at 12:43 p.m. Board Meeting Page 13 of 26 May 27,2008 Respectfully submitted, Sandra Zerkle, Chair Human Resource Committee FINANCE COMMITTEE May 13, 2008 The Finance Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:00 p.m. on Tuesday, May 13, 2008. Finance Committee Chair, Joseph Graves called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, and Semone James (arrived at 4:10 p.m.). Alternate committee members Commissioners Frank Lain and Julee Rodocker were present in addition to Commissioners Tony DeLuca and Sandra Zerkle(arrived at 4:32 p.m.). Absent: Commissioner Peter Kramer. Public Comments There were no public comments. Approval of Minutes Motion by Commissioner Lain, seconded by Commissioner Cochran to approve the minutes of the Finance Committee meeting held April 22, 2008. Action: Carried unanimously. Rules and Regulations for Electric, Water, Steam and Chilled Water Kellee Christensen, Manager of Water System Integrity and Customer Projects referenced the Rules and Regulations summary update information contained in the committee meeting packet. Following brief discussion, the Finance Committee took the following action: On motion by Commissioner Cochran, seconded by Commissioner Lain, the Finance Committee agreed to forward the proposed resolution for the Rules and Regulations for Electric, Water, Steam, and Chilled Water Utility Services to the full board for consideration and approval on May 27, 2008, Action: Carried unanimously. FY 2009 BudIlets and Six Year Forecasts Susan Devon, Chief Financial Officer gave an overview of the fiscal year(FY) 2009 financial plan. The budget presentation materials included the following: sales forecast, revenue assumptions, operating expense assumptions, operations and maintenance budget Board Meeting Page 14 of 26 May 27,2008 by category, budgeted net income/cash flow, comparative financials (FY08/FY09), return on net fixed assets, six year forecast, FY2009 capital budget, and historical and budgeted health care costs. SALES FORECAST FOR FY 2009 COMPARED WITH FY 2008 % '08 Forecast Utility FY09 Forecast FY08 Budget to '08 Budget Electric—Retail (mwh) 2,346,879 2,275,881 3.1% Electric—Wholesale (mwh) 1,037,009 909,322 14.0% Electric (mwh) 3,383,888 3,185,203 6.2% Water(ccf) 10,697,797 10,782,933 -0.8% Steam (mlb) 692,250 749,719 -7.7% Chilled Water(tnhrs) 9,641,418 8,613,560 11.9% Electric: • Residential & commercial is approximately flat. • Industrial forecast is up due to increase in FY2008 actual sales. • Wholesale volumes increased due to projected increases in power plan availability. Water: • Retail load is down 2.8% due to lost GM load. • Wholesale volumes increased over FY08 budgeted levels for Delta Township and ELMWA. Steam: • Steam loads for GM approximately flat, reduction in Steam Commercial due to conservation. Chilled Water: • Chilled Water loads up due to higher 2007 and YTD 2008 sales. REVENUE ASSUMPTIONS • Projected rate increases, January 2009: • Electric: 4.0% _ $3.2 million additional net revenue annually • Water: 7.0% _ $.8 million additional net revenue annually • Steam: 9.0% _ $.4 million additional net revenue annually • Chilled Water based on minimum bill level, no rate increase. • Electric Wholesale • Lower revenue than expected due to anticipated Belle River outage. • Electric Wholesale margin: • Margins will be affected by higher fuel costs. • Belle River 12-week outage will affect availability. • Increased MPPA power pool revenues. Board Meeting Page 15 of26 May 27,2008 • Water Wholesale—contract negotiations continue, anticipated increase included in budget. OPERATING EXPENSE ASSUMPTIONS • Reviews held with each department. • Overall O&M increase 4.4% compared to final FY 2008 forecast. • Current CPI Index—4% inflation. • Increase of 30 FTE employees while maintaining only 4.4% increase overall. • Wage and salary increases =2%. • Increase in Health Care cost= 9.5%. • Total cost per ton of coal in FY 2009 has increased 25% due to 30% increase in rail costs and 17% increase in coal costs vs. FY 2008. F Y 2009 O&M B UDGET BY CATEGORY(excludes depreciation) Coal, Chemicals $77,958,000 33% Labor 49,213,000 20% Purchased Power 45,629,000 19% Active/Retiree Benefits 27,612,000 11% Other 22,238,000 9% Material 11,534 5% Pension 6,604 3% $240,788,000 FY 2009 B UDGETED RETURN ON NET FIXED ASSETS Total Electric Water Steam Chilled Water 0.9% 3.0% -1.1% -5.7% -5.3% FINANCIAL PROJECTIONS: Six-year Forecast FY2009—FY2014 -Assumptions • Projected sales levels—conservative growth • Rate increases • Electric (January) =4% in FY09, 3% in FY10, 2.5% in FYI 1 —FY14 • Water(January) = 7% in FY09, 6% in FY10—FY14 • Steam (January) =9% in FY09, 7.5% in FY10—FY14 • Chilled Water (July) = 3% in FY10—FY14 • Begins with FY09 Operating expenses (included allocations) with 2.5% inflation in FY10—FY14, benefits at 5%. • Capital & environmental expenditures per six year forecast. • $40mm bond issue for Water in FY09/10 only. • Includes $6mm per year drawn from Belle River fund. CREDIT ISSUES • Financial Goals • Maintain credit quality • Ensure adequate liquidity • Maintain rate competitiveness Board Meeting Page 16 of 26 May 27,2008 • Efficient & appropriate use of capital • 4% Return on Net Assets FY2009 CAPITAL BUDGET ASSUMPTIONS • Revenue producing customer driven capital additions and those projects justified by 7-year cost/benefit analysis (will be noted as "Revenue Projects"), • Lead service replacement program budgeted at $7,000,000. • CSO related expenses budgeted to coincide with most recent City of Lansing schedule. • Environmental Compliance Projects included as required to meet current and projected future emissions regulations. • Renewable Energy Projects budgeted at $2,230,000. • Financial systems upgrades (HR and payroll) to SAP environment budgeted at $2,645,000. FY 2009 CAPITAL BUDGET PROJECT CATEGORIES Reliability $31,504,000 60% Revenue 6,574,000 13% Compliance 5,836,000 11% Safety 4,570,000 9% Environmental 4,002,000 8% $52,486,000 The FY2009 capital budget recommendation also itemized by electric,water, steam, chilled water and common facilities total $52,486,000. The FY2009—FY2014 six-year capital forecast and the historical and budgeted health care costs were also included in the committee meeting packet materials. Following discussion, the Finance Committee took the following action: On motion by Commissioner Cochran, seconded by Commissioner Lain, the Finance Committee agreed to forward the proposed resolution for the Fiscal Year 2009 Operating and Capital Budgets to the full board for consideration and approval on May 27, 2008. Action: Carried unanimously. RFP (401A, 457) Update Susan Devon provided a Request for Proposal (RFP) update regarding the Defined Contribution Pension (401A) and Deferred Compensation Savings (457) Plan's respectively. It was noted that the top four (4) RFP's as ranked by the Joint Evaluation Committee members will be scheduled for an interview for further analysis. It was also suggested that Susan Pifer, Director of Internal Audit review the committees' numerical analysis prior to scheduling the interviews. In addition, Commissioner Cochran advised that he would like the opportunity to sit in on the vendor interviews if possible. There being no further business, the meeting adjourned at 4:41 p.m. Board Meeting Page 17 of 26 May 27,2008 Respectfully submitted Joseph E. Graves, Jr., Chair Finance Committee COMMITTEE OF THE WHOLE May 13, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Tuesday, May 13, 2008. Committee of the Whole Chair, Julee Rodocker called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioner Peter Kramer. Public Comments There were no public comments. Approval of Minutes Motion by Commissioner James, seconded by Commissioner Graves to approve the minutes of the Committee of the Whole meeting held April 8, 2008. Discussion: Commissioner Lain provided a letter regarding the proposed Commissioner Retiree Appreciation resolution and asked that it be placed on file. Following his request, the committee members discussed the contents of the letter and explained their understanding of the resolution that was previously postponed. Following further discussion, the Committee of the Whole took the subsequent action regarding approval of the April 13, 2008 meeting minutes: Action: Carried unanimously. National Safety Council Assessment 2008 Report Summary Sue Pemberton, Director of Industrial Health and Safety gave an overview of the National Safety Council Assessment 2008 report. The Board of Water and Light (BWL) has improved its rating from 1.3 in 2005 to 2.0 (fair) in 2008 on a 4.0 scale. There was significant improvement in 8 of the 9 assessment categories that included the following: • Management Leadership and Commitment • Assessments, Audits and Continuous Improvements • Hazard Recognition, Evaluation and Control • Motivation, Behavior and Attitudes • Training and Orientation Board Meeting Page 18 of 26 May 27,2008 In moving forward, it was also noted that the BWL should better utilize existing data, improve follow thru on near misses and accident reports, continue to evaluate risk, communicate information, and document policies and procedures. Following the overview, the committee noted the huge improvements over the last two years and applauded staff for their efforts. Soil Erosion and Sedimentation Control Procedures George Stojic, Executive Director of Strategic Planning and Development provided a brief review of the Soil Erosion and Sedimentation Control Procedures. It was noted that under Part 91 of Public Act 451 of 1994, the BWL is a designated Authorized Public Agency allowed to issue Soil Erosion and Sedimentation Control permits for earth disturbance projects. The designations issued by the Michigan Department of Environmental Quality(MDEQ) are reviewed every five years. As such, the MDEQ reviewed the BWL's program in June 2007, and their recommendations have since been incorporated in the program. On motion by Commissioner Cochran, seconded by Commissioner Graves, the Committee of the Whole agreed to forward the proposed resolution for the BWL Soil Erosion & Sedimentation Control Program and In-house Contract General Requirements to the full board for consideration and approval on May 27, 2008. Action: Carried unanimously. Designated Representative and Alternate Designated Representative George Stojic gave a brief overview of the proposed resolution, which names Nicholas Burwell and George Bibbings as the Designated Representative and Alternate Designated Representative for the purpose of reporting to the Environmental Protection Agency. The revised resolution is a result of personnel changes at the BWL. On motion by Commissioner Zerkle, seconded by Commissioner Lain, the Committee of the Whole agreed to forward the proposed resolution for the Designated Representative and Alternative Designated Representative to Comply with the Clean Air Act to the full board for consideration and approval on May 27, 2008. Action: Carried unanimously. Integrated Resource Plan George Stojic provided a copy of the 2008 Integrated Resource Plan(IRP) Update and gave a high level overview of the respective plan, which contained extensive modeling as the basis for the recommendations. The modeling looked at the organizations energy needs in determining all of the combinations necessary for analysis. During the course of the IRP, a total of 37 sensitivities and scenarios were considered, and each one created several different resource plans to address future generation needs. Some of the presentation highlights include the following: Board Meeting Page 19 of 26 May 27,2008 Major Goals of Electric Generation Planning • Minimize cost of providing electric generation services. • Maintain electric generating reliability. • Manage future risk and uncertainty. Electric Resource Modeling Steps • Assess adequacy of electric generating resources. • Compile inventory of new electric generating options. • Perform resource modeling. - Develop base case - Develop scenarios and sensitivities Loads and Resource Assessment • The analysis looked at maintaining the existing units versus replacement. • The BWL has budgeted $1.4 million for an energy efficiency program; half of which will begin this year and the full program will commence next year. Base Case Forecasts • Annual energy and peak demand forecast - Annual energy forecast 1.4% - Peak demand forecast 1.6% • Fuel forecast - Coal - Natural gas • Air emissions allowances forecasts SO2 NOx - GHG • Construction cost escalation Base Case Modeling Results • Selects natural gas/market purchase for short-term capacity need in 2016. • Selects new base load unit to replace Eckert units in 2018. Model Scenarios • Base • High and low energy demand growth • Energy efficiency programming • Expanded renewable energy program • Energy efficiency and expanded renewables • Joint unit construction • No greenhouse gas (GHG) regulatory controls • Exclusive reliance on Midwest wholesale markets Modeling Sensitivities • High natural gas costs Board Meeting Page 20 of 26 May 27,2008 • High construction cost escalation • Low emission allowances costs • High emission allowances costs Modeling Results • Short-term capacity needs beginning in 2016 in most scenarios and sensitivities. • New baseload generation is selected to replace the Eckert units in all scenarios and sensitivities. • It is not cost-effective to make major investments in Eckert plant. • GHG regulations represent a major future regulatory cost. • Exclusive reliance on wholesale markets increases the BWL's costs significantly. • Energy efficiency programs lower the total cost of meeting future electric energy needs. Recommendations • Implement an energy efficiency and load management programs to eliminate capacity need in 2016 and meet future electricity growth. • Begin the process of replacing Eckert with a new baseload generating plant. - Develop "hybrid" biomass/coal fueled unity. - Plan for unit about the size of Eckert with Lansing accounting for about 250 Mw. Following the presentation and further discussion, it was noted that staff would a)meet with the Lansing State Journal editorial board on May 27th, b) work to permit the new baseload generating project with the Department of Environmental Quality, and c) involve the community. The permit process takes approximately 1 - 2 years. It was confirmed that the Board would be kept abreast of the research, findings and public support involved in replacing Eckert Station. It was further noted that the Board of Commissioners do not need to take action at the present time. Strategic Plan George Stojic provided an overview of the BWL Strategic Plan 2008, which is an update to the existing plan developed in 2004. One of the primary changes to the strategic plan involved the addition of long term planning. Following brief discussion, the committee members took the following action: On motion by Commissioner Cochran, seconded by Commissioner James, the Committee of the Whole adopted the BWL Strategic Plan 2008. Action: Carried unanimously. Uniform Board Appointee Evaluation Forms Commissioner Zerkle, Human Resource Chair noted that the Human Resource Committee addressed the matter of board appointee evaluation forms due to various past issues and a need to create a uniform evaluation process. Board Meeting Page 21 of 26 May 27,2008 On motion by Commissioner James, seconded by Commissioner Lain, the Committee of the Whole adopted the BWL Planning and Feedback Summary Form, as the formal evaluation tool for Board appointed employees, as modified in the May 13, 2008 Committee of the Whole meeting packet. Action: Carried unanimously. Solar George Stojic reported that in an effort to meet the 7%renewable portfolio standard by 2016 as previously adopted by the Board of Commissioners, the BWL is considering the installation of solar panels on top of the Dye Water conditioning reservoir located in Lansing, Michigan. The location of the solar panels would provide visibility and electricity most notably during on-peak summer hours. Joint Commissioner/City Council MeetinLy Agenda The Committee of the Whole reviewed a tentative agenda for the Joint Commissioner/City Council meeting scheduled for June 18, 2008 at 8:00 a.m. Following brief discussion, the committee members agreed to remove the Update on Credit Card Payments Changes item from the respective agenda. Other On motion by Commissioner Lain, seconded by Commissioner DeLuca, the Committee of the Whole agreed to excuse the absence of Commissioner Peter Kramer. Action: Carried unanimously. There being no further business, the meeting adjourned at 7:32 p.m. Respectfully submitted, Julee M. Rodocker, Chair Committee of the Whole MANAGER'S RECOMMENDATIONS esolutivn 2008-5-1 A. Electric Residential Senior Citizen Rate No. 21 WHEREAS, the rate schedules of the BWL were subject to a general increase of 7% for the electric utility effective March 1, 2008, a general increase of 7% for the water utility effective March 1, 2008, and a general increase of 6% for the steam utility effective March 1, 2008 for electric, water, and steam consumption on or after March 1, 2008; and WHEREAS, the general rate increase of 7% is also applied to Rate Schedule No. 21, the BWL's electric senior citizen rate; and Board Meeting Page 22 of 26 May 27,2008 WHEREAS, other Michigan utilities provide special senior citizen electric rate schedules with larger discounts than are offered under the current BWL senior citizen rate; and WHEREAS,public comments support larger discounts for the BWL's senior citizen rate schedule; and WHEREAS, a$2.00 reduction in the monthly service charge under the BWL's Rate Schedule No. 21 electric senior citizen rate would provide a larger discount for customers utilizing BWL's senior citizen rate, and will bring the discounts available under the BWL's senior citizen rate closer to comparable rates provided by other Michigan utilities; WHEREAS, as notice of the proposed rate change was communicated to all customers by public notice on April 7, 2008, and a Public Hearing was held on May 22, 2008, to receive comments on the proposed $2.00 reduction in the monthly service charge under Electric Senior Citizen Rate Schedule No. 21; and WHEREAS, the Board of Commissioners has considered the comments of the public as well as the recommendation made by the BWL; RESOLVED, that the Electric Residential Senior Citizen Rate No. 21 as detailed in the attached rate schedule be made effective on or after July 1, 2008. (Electric Residential Senior Citizen Rate No. 21 —attached) -------------------- Motion by Commissioner Cochran, seconded by Commissioner Kramer, to approve the Electric Residential Senior Citizen Rate No. 21 resolution. Action: Carried unanimously. esolution 2008-5 B. Rules and Regulations for Electric, Water, Steam, and Chilled Water Utility Services RESOLVED, that the amendments to the Rules and Regulations for Electric, Water, Steam, and Chilled Water Services be approved as presented, to be effective July 1, 2008 (see attachments). -------------------- Staff Comments: Staff recommends these amendments to the Rules and Regulations for Electric, Water, Steam, and Chilled Water Utility Services. Staff also recommends that the Finance Committee approve these amendments and forward them to the full Board for adoption on May 27, 2008. -------------------- Board Meeting Page 23 of 26 May 27,2008 Motion by Commissioner Lain, seconded by Commissioner DeLuca, to approve the Rules and Regulations for Electric, Water, Steam, and Chilled Water Utility Services resolution. Action: Carried unanimously. (See attachments - electric, water, steam, chilled water). esolution 2008 C. Fiscal Year 2009 Operating and Capital Budgets RESOLVED, that the annual Operating Budget covering Fiscal Year 2009 is hereby approved as presented: RESOLVED: that the Fiscal Year 2009 Capital Budget is hereby approved as presented; RESOLVED, that the forecast for capital expenditures for the Fiscal Years 2009-2014 is hereby accepted as presented; and RESOLVED FURTHER, that the Corporate Secretary be directed to make the appropriate filings with the City of Lansing City Clerk's office and the Mayor's office in accordance with the Lansing City Charter regarding the above actions. -------------------- Staff Comments: Staff recommends an operating and expense maintenance budget of $240.8 million and a capital budget of$52.5 million for Fiscal Year 2009 to maintain ongoing services to customers and maintain and enhance facilities for continued future use. Capital expenditures for the Fiscal Years 2009-2014 are estimated to be $277 million. Staff recommends that the Finance Committee approve these budgets and proposed resolution for presentation and adopting by the Board at its May 27, 2008 Board Meeting. -------------------- Motion by Commissioner Zerkle, seconded by Commissioner Kramer, to approve the Fiscal Year 2009 Operating and Capital Budgets resolution. Action: Carried unanimously. esolutivn 2008-54 D. Soil Erosion & Sedimentation Control Program and In-House Contract General Requirements WHEREAS, the Lansing Board of Water & Light is a designated Authorized Public Agency under Part 91 of Public Act 451 of 1994, Natural Resources and Environmental Protection Act. This designation allows the Lansing Board of Water & Light to issue Soil Erosion and Sedimentation Control permits for their earth disturbance projects; and, Board Meeting Page 24 of 26 May 27,2008 WHEREAS, that Authorized Public Agency designations are issued by the Michigan Department of Environmental Quality and are reviewed every five years. During such reviews the Michigan Department of Environmental Quality identifies changes that need to be made in the "Soil Erosion and Sedimentation Control Program and In-House Contract General Requirements" (Program); and, WHEREAS, that on June 6 and 7, 2007 the Michigan Department of Environmental Quality performed an audit on the BWL's Program and identified needed changes to the Program. The Environmental Services Department has incorporated the requested changes into the Program. RESOLVED, that the Lansing Board of Water& Light Board of Commissioners does hereby support and adopt the "SOIL EROSION AND SEDIMENTATION CONTROL PROGRAM AND IN-HOUSE CONTRACT GENERAL REQUIREMENTS", prepared by the Lansing Board of Water & Light Environmental Services Department, and dated April 11, 2008. -------------------- Staff Comments: The control of soil erosion and sediment runoff from construction projects is a vital part of protecting the surface waters of the State of Michigan from pollution. To address this, the MDEQ has developed the Soil Erosion and Sedimentation Control (SESC) Program under Part 91 of Public Act 451 of 1994. Part 91 requires a SESC permit from a county or municipal permitting agency. Part 91 also allows for the designation of an Authorized Public Agency(APA) to allow agencies such as the BWL to permit their own projects without the complications and potential additional costs and delays of using other City, County or Township agencies to evaluate and formally approve our permits. The BWL has been an APA following our own SESC program since 1976. In June of 2007, the MDEQ performed a regular audit of the BWL SESC Program and based on that audit, recommended changes in the program to more effectively control soil and sediment from BWL projects. The MDEQ's recommended changes have been incorporated into the program and MDEQ has given preliminary approval to the program changes. They will issue a final approval when we supply them with a resolution from the Board of Commissioners stating that the Program has been adopted. -------------------- Motion by Commissioner DeLuca, seconded by Commissioner Cochran, to approve the Soil Erosion and Sedimentation Control Program and In-House Contract General Requirements resolution. Action: Carried unanimously. esolution 2008-5- E. Designated Representative and Alternative Designated Representative to Board Meeting Page 25 of 26 May 27,2008 Comply with Clean Air Act RESOLVED, that Nicholas Burwell and George Bibbings are respectively named the BWL's designated representative and alternate designated representative for the purpose of reporting to the Environmental Protection Agency(EPA) under the Clean Air Act; and RESOLVED FURTHER, that the designated representative and the alternate designated representative are authorized to bind the BWL by their respective actions, inactions, and submissions with respect to the Clean Air Act. ---------------- Sta ff Comments: Due to changes in personnel, this revised resolution is necessary. ---------------- Motion by Commissioner Cochran, seconded by Commissioner Zerkle, to approve the Designated Representative and Alternative Designated Representative to Comply with the Clean Air Act resolution. Action: Carried unanimously. UNFINISHED BUSINESS No unfinished business. NEW BUSINESS No new business. RESOLUTIONS No resolutions. GENERAL MANAGER'S REMARKS J. Peter Lark, General Manager reported that the Employee Diversity Survey would be presented during the Safety meetings held in June 2008. The survey will be followed up with focus interviews with approximately 70 employees in hopes of learning more about the BWL and its policies. In addition, staff also participated in a Lansing State Journal editorial board interview with respect to a new power plant. The interview went well and staff is hoping for a positive editorial in an upcoming edition of the Lansing State Journal. In response to Commissioner Zerkle's request, Mr. Lark gave a brief update regarding First STEP (School to Training and Employment Program). As such, the program is scheduled to offer approximately 20 qualified high school seniors an internship at the BWL. Following the internship, approximately 10 students will receive an offer of employment and the remaining students will receive a one-year scholarship to Lansing Board Meeting Page 26 of 26 May 27,2008 Community College. Those who become employees of the BWL can continue their education with the assistance of the BWL's tuition reimbursement program. The program directed at Lansing area high schools will also be open to other area high schools. COMMISSIONERS' REMARKS Commissioners James and Zerkle commended Mr. Lark and staff for their efforts in developing and implementing First STEP. Commissioner James also applauded staff s efforts for the work done on the senior citizen rate reduction and the fiscal year 2009 budget. Commissioner Cochran echoed the Commissioners sentiments regarding First STEP and also thanked the bargaining unit for their cooperation in this endeavor. EXCUSED ABSENCES On motion by Commissioner Lain, seconded by Commissioner Cochran, to excuse the absence of Commissioners Joseph Graves and Julee Rodocker. Action: Carried unanimously. PUBLIC COMMENTS No public comments. ADJOURNMENT On motion by Commissioner Zerkle, seconded by Commissioner Cochran, the meeting adjourned at 5:55 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk June 6, 2008 WATER Lansing Board of Water and Light Rules and Regulations For Electric Service Approved: 05/27/08 Effective: 07/01/08 WATER Lansing Board of Table of Contents Water and Light TABLE OF CONTENTS PAGE NUMBER Definitions....................................................................................................................................................................4 GeneralProvisions.......................................................................................................................................................6 ServiceConditions.......................................................................................................................................................7 Characterof Service..................................................................................................................................................7 Descriptionof Service............................................................................................... ...............................................7 AvailableVoltage..................................................................................................................................................7 DualVoltage Transformers...................................................................................................................................8 Agreements............................................................................................................................................................8 MaterialAvailability..............................................................................................................................................8 Useof Service...............................................................................................................................................................9 General......................................................................................................................................................................9 Accessand Damages.................................................................................................................................................9 CustomerEquipment.................................................................................................................................................9 PowerQuality............................................................................................................................................................9 PowerFactor............................................................................................................................................................10 Tampering................................................................................................................................................................10 Discontinuationof Service......................................................................................................................................10 Metering.....................................................................................................................................................................11 General....................................................................................................................................................................11 Installation/Ownership.............................................................................................................................................11 EquipmentLocation................................................................................................................................................I I MultipleOccupancy Buildings................................................................................................................................12 MeterCalibration Request.......................................................................................................................................12 Rate5 and 8 Meter Installations..............................................................................................................................12 Applicationof Rates..................................................................................................................................................13 General....................................................................................................................................................................13 Resale......................................................................................................................................................................13 Choiceof Rates........................................................................................................................................................14 ReactivePower........................................................................................................................................................14 Space Conditioning-Electric Water Heating Service.............................................................................................14 Mobile Homes in Courts-Individually Served.......................................................................................................15 Apartment Buildings and Multiple Dwelling Structures.........................................................................................15 Cogeneration and Small Power Production Facility................................................................................................15 BillingDemand........................................................................................................................................................16 MinimumCharges...................................................................................................................................................16 Property Owner-Rental Agent Agreement for'Leave On'Service........................................................................16 Responsibilityfor Payment of Bills..........................................................................................................................17 General....................................................................................................................................................................17 EstimatedConsumption...........................................................................................................................................17 BillingErrors...........................................................................................................................................................17 AccountSecurity Deposits......................................................................................................................................18 Disputeand Hearing Procedure...............................................................................................................................20 Disputes...................................................................................................................................................................20 Hearings...................................................................................................................................................................20 Saleand Lease of Service Facilities..........................................................................................................................22 General....................................................................................................................................................................22 DistributionSystem Extensions................................................................................................................................23 General....................................................................................................................................................................23 Request for Distribution System Extension.........................................................................................................23 Ownership............................................................................................................................................................23 Approved:05/27/08 Effective: 07/01/08 Page 2 of 42 WATE-'R3-''- Lansing Board of Table of Contents qPWater and Light Nonrefundable Contribution for Underground Extensions..................................................................................23 Deposit.................................................................................................................................................................23 Refunds................................................................................................................................................................24 EconomicDevelopment Offsets..........................................................................................................................25 Easements and Tree Trimming/Removal Permits...............................................................................................25 Non-Standard Equipment....................................................................................................................................25 Non-Standard Construction.................................................................................................................................25 OtherFacilities....................................................................................................................................................25 CustomerProvided Facilities...............................................................................................................................26 MobileHome Courts...........................................................................................................................................26 StreetLighting.....................................................................................................................................................26 OutdoorProtective Lighting................................................................................................................................27 Subdivisions.........................................................................................................................................................27 AvailableVoltage................................................................................................................................................27 Construction Date of Distribution Extension.......................................................................................................28 Trenchingand Duct.................................................................................................................................................28 Conversion of Existing Overhead Distribution Systems and Associated Services..................................................29 Electric Facility Relocations and Removals............................................................................................................29 Distribution System Extensions for Second Source................................................................................................30 Services.......................................................................................................................................................................31 General....................................................................... ...31 .......................................................................................... TemporaryServices.................................................................................................................................................31 Residential,Commercial and Industrial Overhead Services....................................................................................32 Residential,Underground Services from Underground Distribution Systems........................................................32 Residential.Underground Services from Overhead Distribution Systems...............................................................33 Commercial and Industrial Underground Services..................................................................................................33 Multi-Dwelling Structure Services..........................................................................................................................35 Conversion of Existing Overhead Electric Service...................................................................................................35 Electric Service Relocations and Removals............................................................................................................35 SecondService........................................................................................................................................................35 Motors.........................................................................................................................................................................36 Useof Board Equipment...........................................................................................................................................37 General....................................................................................................................................................................37 AuthorizedAttachments..........................................................................................................................................37 UnauthorizedUse and Removal..............................................................................................................................37 Interconnection for Distribution Generators..........................................................................................................38 General....................................................................................................................................................................38 Approvals................................................................................................................................................................38 Controland Protection.............................................................................................................................................38 Operation.................................................................................................................................................................38 Termination.............................................................................................................................................................39 Contract...................................................................................................................................................................39 Scheduleof Fees&Charges......................................................................................................................................40 Approved:05/27/08 Effective: 07/01/08 Page 3 of 42 WATE-Ram Lansing Board of Definitions 10Water and Light Electric Rule and Regulation 1 DEFINITIONS OF TERMS AND THEIR ABBREVIATIONS AMPERE— Unit of electrical current. ANNUAL REVENUE—Income received from a Customer or a group of Customers for a twelve(12)month period, less sales tax. BOARD— When used in these Rules and Regulations, Board is an abbreviation meaning the Board of Water and Light. BORING— To pierce the ground with a turning or twisting movement of a tool to make a hole for pipes, cables etc. CUSTOMER— A purchaser of electrical service supplied by the Board. DEMAND— The load at the terminals of an installation or system,averaged over a specified interval of time. Demand is expressed in kilowatts,kilovoltamperes(kVA)or other suitable units. DISTRIBUTION LINE—That portion of the Board's system which delivers Electric Power from transformation points on the transmission or bulk power system to the Customer. DUAL WOUND TRANSFORMER—A transformer whose primary windings are so designed and interconnected so that the transformer has the full rating capability to operate on either of two different Primary Voltages. DWELLING UNIT—A Dwelling Unit shall be considered as a single room, suite or groups of rooms or suites which have individual cooking and kitchen sink facilities designed for or used exclusively for residential purposes. ELECTRIC POWER — A term used in the electric power industry to mean inclusively power and Energy, expressed in kilowatts and kilowatt-hours. ENERGY— That which does or is capable of doing work. It is measured in terms of the work it is capable of doing; electric energy is usually measured in kilowatthours. FACILITIES— A general term which includes devices,associated structures and the like,used as a part of or in connection with an electric installation. HERTZ—(Hz)— Cycle per second. HIGH-RISE HOUSING STRUCTURE — A building in excess of three stories in height comprised primarily of several individually metered residential Rate Customers. HORSEPOWER(hp)—Unit of mechanical power equivalent to 746 watts of electrical power. KILO(k)— Prefix meaning one thousand. KILOVOLTAMPERE(kVA)—Unit of apparent electrical power which at 100%Power Factor is equivalent to one kilowatt. KILOWATT(kW)—Unit of electrical power representing rate of usage of Energy,equivalent to about 11/3 Horsepower. KILOWATT-HOUR(kWh)—Unit of electrical Energy equivalent to the use of one kilowatt for one hour. LOAD— The amount of power or kilovoltamperes delivered at a given point. MAIN LINE TRENCH—A Trench in which Primary Voltage Distribution Lines are installed. Approved: 05/27/08 Effective: 07/01/08 Page 4 of 42 WATE�IGHT Lansing Board of Definitions go Water and Light Electric Rule and Regulation 1 MOBILE HOME COURT—A mobile home court is defined as a parcel or tract of land upon which three(3)or more mobile homes are located and occupied on a continuous non-recreational basis. The mobile home court shall be of a permanent nature with improved streets and with individual water and sewer connection to each lot. MULTI-DWELLING STRUCTURE —A building containing 5 or more Dwelling Units, including but not limited to apartments,condominiums or senior housing projects. PERSON— Any individual, corporation, partnership, company, limited liability corporation, organization or governmental entity. POWER FACTOR(P.F.)—Ratio of kilowatt power to kilovoltampere apparent power,expressed in%. PREMISES— A building and its grounds. PRIMARY VOLTAGE—Nominal voltage of 601 Volts to 15,000 Volts. RATE— The unit prices as established by the Board's rate-making body and the quantities to which they apply as specified in the Rate Schedule. RATE SCHEDULE — A filed statement of the electric Rate and the terms and conditions governing its application as established by the Board's rate-making body. RESIDENCE (also residential) —Shall include one family, two family and Multi-Dwelling Structures containing three or more individual Dwelling Units,but not including High-Rise Housing Structures. RISER POLE— Pole where the transition takes place between underground and overhead Facilities. May be primary or secondary. SECOND SERVICE—Additional service of substantially the same characteristics usually supplied from the same source. SECOND SOURCE — Additional source of substantially the same characteristics supplied from a separate electric Distribution Line. SECONDARY VOLTAGE—Nominal voltage of 600 Volts or less. SERVICE ENTRANCE CONDUCTORS — The Customer-owned conductors between the Customer's main disconnecting device and the termination of the Board's service conductors. SERVICE LIMITER- Device used to minimize electric consumption by way of restricting amperage. SERVICE LOCATION—The point at which the Board has agreed to provide electric service. TRANSMISSION SYSTEM—That portion of the Board's system which delivers Electric Power with a nominal voltage of 138,000 Volts. TRENCH— A cut in the ground in which cables,pipes,etc.are installed. VOLT— Unit of electrical force. Approved: 05/27/08 Effective: 07/01/08 Page 5 of 42 WATER& "c r Lansing Board of General Provisions Water and Light Electric Rule and Regulation 2 General Provisions Copies of the Board's Rate Schedules for electric service are open to public inspection at the Board's offices and are available on the Board's Internet Web site www.tbwl.com or upon request. Application for original, modified or added service shall be made at the office of the Board of Water and Light, Utility Services,730 East Hazel Street, Lansing. Any .Person receiving or agreeing to receive electric service from Board Facilities shall be deemed a Customer of the Board subject to its Rates and these Rules and Regulations and responsible for the service used whether such service is provided under a signed agreement or not. Electric service will not be supplied to new or remodeled buildings until such installations have been inspected and approved by the appropriate inspection authority and are in accordance with these Rules and Regulations. Before purchasing equipment or installing wiring, the Customer should contact the System Integrity & Customer Projects Department of the Board to determine the characteristics of the electric service available at the Premises, since all voltages may not be available. The System Integrity&Customer Projects Department will inform the Customer of the Board's requirements, which must be fulfilled by the Customer, in order to receive electric service. The Board may discontinue electric service to any Customer for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Customer must pay a reconnection fee as stated in Rule 15 to cover the costs of restoring electric service that has been discontinued for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Board will release customer information in accordance with written customer authorization and Board policy. This document is intended to cover most situations where standardized policies and practices have been established. No officer, agent or employee of the Board has authority to waive or modify the provisions of this document unless specifically authorized to do so by the Board of Commissioners. The Board of Commissioners may revise this document at any time and may modify or suspend any portion of it temporarily or permanently. Approved:05/27/08 Effective: 07/01/08 Page 6 of 42 warE"Ra® Lansing Board of Service Conditions IN Water and Light Electric Rule and Regulation 3 Service Conditions 1. Character of Service The Board supplies 60 Hertz alternating current throughout its service area and will endeavor, but does not guarantee, to furnish a continuous supply of electric Energy and to maintain voltage and frequency within reasonable limits. The Board shall not be liable for interruptions in the service including without limitation, phase failure or reversal, or variations in the service characteristics, including but not limited to variations in frequency and voltage or for any loss or damage of any kind or character occasioned thereby, due to causes or conditions beyond the Board's reasonable control, and such causes or conditions shall be deemed to specifically include, but not be limited to, the following: acts or omissions of Customers or third parties; operation of safety devices except when such operation is caused by the negligence of the Board; absence of an alternate supply of service; failure, malfunction, breakage, necessary repairs or inspection of machinery, Facilities or equipment when the Board has carried on a program of maintenance consistent with the general standards prevailing in the industry; act of God; war; action of the elements; storm or flood; fire; riot; sabotage; labor dispute or disturbance, or the exercise of authority or regulation by governmental or military authorities. Notwithstanding any other provision of these rules, the Board may interrupt, curtail or suspend electric service to all or some of its Customers in accordance with the provisions of the Board's Emergency Electrical Curtailment procedures or as necessary to protect the health, safety and welfare of its employees or Customers. The Board shall be under no liability with respect to any such interruption,curtailment or suspension. 2. Description of Service A. Available Voltage (1) Single phase 120/240 Volt, three wire service is available for lighting and miscellaneous requirements. At the Board's option single phase 120/208V, three wire service may be made available. (2) Combined lighting and power service at 120/208 Volt, three phase, four wire; 120/240 Volt, three phase, four wire; or 277/480 Volt, three phase, four wire may be made available at the Board's option. (3) Three phase power service at 240 Volts, three wire, or 480 Volts, three wire, may be made available for Customers desiring a separate power service. The Board is not required to provide more than one lighting and one power service or one combined lighting and power service to a Customer's Premises. In cases where the Board permits a separate power source, the Customer shall pay the cost of providing this additional requirement. (4) If a Customer requires a three phase voltage different from the established voltage in the area, it may be furnished at the Board's option. In such cases, the Customer shall pay all extra costs involved. In the case where there is more than one established voltage in the area, the Board shall determine which voltage will be furnished and any applicable costs as determined by.Rule 10,Rule 11 and Rule 15. Approved: 05/27/08 Effective: 07/01/08 Page 7 of 42 WATE-1G�HT Lansing Board of Service Conditions Water and Light Electric Rule and Regulation 3 (5) Primary Voltage service is also available for Customers whose Demand is 100 kW or more. The Board shall determine the particular Primary Voltage available. All equipment necessary for the protection of the customer's equipment, the control of the electricity and utilization of service by the Customer shall be Board approved and shall be located on the Customer's side of the point of delivery and shall be furnished, installed and maintained by the Customer. Point of delivery shall be at the Board's electrical service connection to Customer owned equipment. For Customer owned transformer installations larger than those listed below, the Board may require the Customer to furnish, install and maintain special primary protective equipment. .Primary Voltage (Phase to Phase) Combined Transformer—3 phase kVA 4,160 V 500 kVA 8,320 V * 1,000 kVA 13,200 V 2,000 kVA * This voltage is only available for existing Customers currently receiving this voltage. (6) Service shall be provided at voltages specified in this Rule 3. Customer will be responsible for making any voltage modifications beyond the Service Location for equipment requiring a voltage different from this Rule 3. B. Dual Voltage Transformers All Customer owned transformers installed in an area that is not currently served by 13,200 V distribution voltage will be required to be dual wound. In such cases, the Board may share in qualified additional costs of such Dual Wound Transformers. C. Agreements The Board may require the Customer to enter into a written agreement that details the terms and conditions and price to be paid by the Customer prior to electric service construction. In addition,the Board may negotiate written contractual arrangements as to the provision of necessary service Facilities, duration of service, amount of deposit and refunds thereon, minimum bills or other service conditions for Customers or prospective Customers whose Load requirements exceed the capacity of the available distribution system in the area or whose Load characteristics or special service needs require unusual investments by the Board in service Facilities or where there is not adequate assurance of the permanent use of the service. The Board may charge a Connect Fee when the Customer request the service to be made active outside normal business hours as specified in Rule 15. No promises, agreements or representations of any agent or employee of the Board shall be of binding force upon the Board unless the same is within the authority of that individual and incorporated in the written agreement. D. Material Availability Subject to the restrictions contained in Rule 3.2.A, the Board will construct electric distribution Facilities and extensions only in the event it is able to obtain or use the necessary materials, equipment and supplies. The Board may, in its discretion, allocate the use of such materials, equipment and supplies among the various classes of Customers and prospective Customers of the same class. Approved:05/27/08 Effective: 07/01/08 Page 8 of 42 WATER R-T Lansing Board of Use of Service IM Water and Light Electric Rule and Regulation 4 Use of Service 1. General Electricity is supplied to a Customer for exclusive use on the Premises to which it is delivered by the Board. Service may not be shared with another, sold to another, or transmitted off the Premises without the written permission of the Board, except as noted in Rule 6. 2. Access and Damages The Customer shall provide and maintain appropriate access and working space around electric Facilities in accordance with all applicable electrical codes and Board standards so as to permit ready and safe operation and maintenance of such Facilities. The Board's authorized personnel or agents of the Board shall have access to the Customer's Premises at all reasonable hours for all purposes necessary to conduct business, including without limitation: 1) install, inspect, read, repair, maintain, test or remove its meters 2) to install, operate and maintain other Board equipment or Facilities, and 3) to inspect and determine the connected electrical Load. If a meter, metering equipment or other Board property is damaged or destroyed through the neglect of the Customer, the cost of necessary repairs or replacements shall be the responsibility of the Customer. If, for any reason beyond its control, the Board is unable to read a meter, operate, maintain or make inspection including, but not limited to, reasons such as Premises being locked, meter being inaccessible or unsafe conditions, then after due written notice to the Customer, the electric service may be disconnected until such time as arrangements have been made to permit access for Board inspection and approval, and the Customer has paid the appropriate reconnection fee as stated in Rule 15. 3. Customer Equipment The Board may deny or terminate service to any Customer whose wiring or equipment constitutes a hazard to the Board's employees, equipment or its service to others. However, the Board is not responsible to inspect the Customer's wiring or equipment and shall not be held liable for any injury or damage resulting from the condition thereof. The Customer shall install and maintain the necessary devices to protect Customer owned equipment against service interruptions, phase loss, variations in voltage and other disturbances on the Board's system, as well as the necessary devices to protect the Board's Facilities against overload caused by the Customer's equipment. 4. Power Quality The Customer shall use the service as not to cause interference, affect voltage,affect frequency, add harmonics, or otherwise cause other disturbances to the Board's system or another Customer's service. If the Board notifies the Customer of such a condition, the Customer shall discontinue operation of equipment causing such condition until a correction has been made. The Customer will be charged for all costs associated with alterations to the Board's system required to continue proper operation of the Board's system in conjunction with the Customer's equipment. Approved: 05/27/08 Effective: 07/01/08 Page 9 of 42 WATe' R'ate Lansing Board of Use of Service Water and Light Electric Rule and Regulation 4 In determining the existence of disturbances, the Board will rely on the latest revision of Standard 519, IEEE Recommended Practices and Requirements for Harmonic Control in Electric Power Systems. The Board may also use other appropriate standards or criteria in determining disturbances to the Board's system. 5. Power Factor The Board is not obligated to furnish service to loads with a Power Factor of less than eighty-five percent (85%) whether newly installed, reconnected or moved to another location. The Customer will be required to provide,at no expense to the Board, suitable equipment for improving the Power Factor to at least eighty-five percent(85%). 6. Tampering The Board may discontinue service and seek criminal charges, if it is determined that the meter or wiring on the Customer's Premises has been tampered with or altered in any manner to steal electricity. If the Board discontinues service for this reason, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 15, made appropriate restitution for stolen service and made provisions for an outdoor meter installation or other metering changes as may be required by the Board. 7. Discontinuation of Service A. Service may be voluntarily or involuntarily disconnected. (1)Voluntarily Service may be voluntarily disconnected per the Customer's request. The BWL recommends that the Customer or the Customer's representative be present for the disconnection to ensure complete shutoff. It can be difficult for the BWL to confirm that the service have been completely turned off if there is no one present at the premises during the shutoff. The Customer is responsible to advise the BWL if the shutoff was not entirely effective. (2) Involuntary Service may be involuntarily disconnected in the following instances: (a) Noncompliance with applicable Rules and Regulations; (b) Noncompliance with Municipal, State and or Federal law; or (c) Issuance of a Court Order. Approved:05/27/08 Effective: 07/01/08 Page 10 of 42 WATE� Lansing Board of Metering smWater and Light Electric Rule and Regulation 5 Metering 1. General All Energy sold to Customers shall be measured by commercially acceptable measuring devices owned and maintained by the Board except where it is impractical to meter, such as street lighting, temporary or special installation, in which cases the consumption may be calculated. 2. Installation/Ownership The Customer shall be responsible to install that metering equipment furnished by the Board and shall furnish, install, own and maintain all other service equipment, and all wiring and conduits, from the weatherhead of an overhead service connection and from the point of service of an underground service connection. 3. Equipment Location A. The Customer shall provide, at no expense to the Board, a space/enclosure suitable to the Board for the installation of the necessary metering equipment. The Customer shall also furnish the space and the provisions for mounting current and potential transformers to meet Board requirements. Where the Customer desires to utilize a Board standard current and potential transformer enclosure, the Customer shall make a payment as specified in R zle 15. Inquiries regarding installation requirements and equipment approval should be directed to the System Integrity&Customer Projects Department. B. The Board requires that the metering equipment for all residential and, where practicable, commercial and small industrial Customers be located outdoors on the Customer's building or structure. The meter shall be located within service pedestal line of sight and at the nearest point of attachment as practicable. The meter shall be located on the same half of the dwelling as the service pedestal and the service shall not pass under a driveway. Meters in existing indoor installations that are to be rearranged so as to affect the Service Entrance Conductors or service equipment shall be changed to outdoor installations where suitable locations are available. C. The Board must approve the mounting of metering equipment indoors in those cases where there is no suitable outdoor location. Indoor locations must be as near as practicable to the point where the Service Entrance Conductors enter the building. Interior walls, panels or meter boards on which meters are mounted shall be rigid and free from vibration and shall be located in a clean and dry part of the building. D. Meter sockets, meter connection boxes and instrument transformer enclosures shall not be used as junction boxes for supplying Customer's branch circuits or grounding conductor termination, and no wiring other than service entrance and bonding conductors shall be run through this equipment. Metered conductors from different meters shall not be placed in the same raceway between the meter and the main disconnect device. E. The height of single line meter settings shall not be less than four and one-half(4%) feet nor more than five and one-half(5'/z) feet above finished grade or floor level. F. When using stacked multiple meter socket panels, the lowest meter shall not be less than twenty-four (24) inches from the floor for indoor locations. For outdoor locations, the installed meter centerlines shall be a minimum of thirty (30) inches from finished grade, and a maximum of seventy-two (72) inches from finished grade, and shall be limited to a maximum four(4)meter stack. Approved: 05/27/08 Effective: 07/01/08 Page 11 of 42 WATe®HT Lansing Board of Metering sm Water and Light Electric Rule and Regulation 5 4. Multiple Occupancy Buildings The metering and Customer's service equipment for multiple occupancy buildings where several floors, apartments, stores, etc. are rented separately should be grouped in a common meter room, public hallway or some other Board-approved location where they will be accessible at all times to Board authorized personnel or agents of the Board. Metering equipment in multiple occupancy buildings shall be plainly marked with metal tags or neat lettering and/or numerals identifying the portion of the building served. Such identification shall be the responsibility of the building owner. 5. Meter Calibration Request A Customer may request the Board to test the meter calibration. The Board will perform such test to determine if the meter accuracy is within plus or minus 2%. If the test demonstrates the meter accuracy is within the allowed limits, the Customer may be charged an amount as stated in Rule 15. If the test demonstrates that the meter accuracy is outside of the phis or minus 2%, the Board shall replace the meter. 6. Rate 5 and S Meter Installations After July 1, 2002 all Customers selecting Rate Schedule 5 or Rate Schedule 8 shall install a phone line with active service to the meter enclosure in accordance with Board standards. The Customer shall be responsible for installation, maintenance and ongoing costs of the phone line. The Customer shall notify the Board of any phone number changes. The Board may impose a Meter Non- compliance Charge as specified in Rule 15 for each month the Customer has not complied with the requirements of this Rule 5.6. Approved:05/27/08 Effective: 07/01/08 Page 12 of 42 WATE-- Lansing Board of Application of Rates smWater and Light Electric Rule and Regulation 6 Application of Rates 1. General Residential Rates are predicated upon the Board not being required to provide more than one lighting service to a residential building or structure. All other Rates are predicated upon the Board not being required to deliver more than one lighting and one power service or one combined lighting and power service for the total requirements of each separate building or structure of the Customer, unless otherwise provided for in these Rules and Regulations. The Board shall separately meter and separately bill service at different points or at different buildings or structures unless specifically provided for in the applicable Rate Schedule. 2. Resale The owner or operator of an office building, apartment building, shopping mall, or similar structure may purchase Energy from the Board for resale to occupants on the condition that service to each occupant shall be metered separately and that the occupants may not be charged more for such service than the appropriate Rate of the Board available for similar service under like conditions. In order to qualify for resale to tenants,the owner or operator must state in writing their intent to resell in the application for service. The owner or operator shall be responsible for payment of purchased Energy for resale as required by Rule 7. The Board shall have no obligation to furnish, test or maintain meters or other Facilities for the resale of service by the reselling owner or operator to the occupant. Billing records of the owner or operator may be audited once every 12 to 18 months using generally accepted auditing practices. The audit shall be conducted by the Board or if the Board elects,by an independent auditing firm approved by the Board. The reselling owner or operator shall be assessed a reasonable fee for an audit conducted by the Board. The owner or operator providing the resale shall be responsible for testing each occupant's meter at least once every 3 years. The accuracy of such meters shall be maintained within 2% for non Demand meters and within 1% for Demand meters. Meters shall be tested only by outside testing services or laboratories approved by the Board. A record of each meter, including testing results, shall be kept by the reselling owner or operator during the use of the meter and for an additional period of one year thereafter. When requested,the reselling owner operator shall submit certified copies of the meter test results and meter records to the Board. The reselling owner or operator shall render a bill once during each billing month to each of the occupants' or tenants in accordance with the appropriate Board Rate Schedule. Every bill rendered by the reselling owner or operator shall specify the following information; The Rate Schedule title, the due date, the beginning and ending meter reading of the billing period and the dates thereof, the difference between the meter readings; the amount due for distribution services and/or Energy use, as applicable to the Rate; subtotal before taxes, the amount of sales tax, other taxes where applicable; the amount due for other authorized charges; and the total amount due. The due date shall be 21 days from the date of rendition. The reselling owner operator shall be responsible for all collections and payment disputes for resale occupants. Approved: 05/27/08 Effective: 07/01/08 Page 13 of42 WATE�R&LIG�HT Lansing Board of Application of Rates Water and Light Electric Rule and Regulation 6 The reselling owner or operator shall supply each occupant with an electric system adequate to meet the needs of the occupant with respect to the nature of service, voltage level and other conditions of service. If the reselling owner or operator fails to meet the obligations of this rule, the Board will notify the appropriate authorities and after reviewing with the reselling owner or operator, the problem(s) is not resolved,the Board may declare the reselling owner or operator in violation of Rule 2. The renting of Premises with the cost of electric service included in the rental as an incident of tenancy will not be considered a resale of such service. 3. Choice of Rates In some cases, the Customer may be eligible to take service under any one of two or more Rates. Upon request, the Board will advise the Customer in the selection of the Rate that will provide the lowest cost of service, based on the best available information, but the responsibility for the selection of the Rate shall be the sole responsibility of the Customer. After the Customer has selected a Rate, the Customer may not change from that Rate to another Rate until at least twelve (12) months have elapsed. The Customer shall not evade this rile by temporarily terminating service. The Board may, waive the provisions of this paragraph where it appears that a change of the Rate is necessary for permanent rather than temporary or seasonal advantage. The intent of this rule is to prevent frequent changes from Rate to Rate. The Board shall not be responsible to refund the difference in charges under different Rates applicable to the same class of service, unless the Board provided an incorrect initial service turn- on Rate setting or unless the Customer makes a written request and has a permanent change in Load profile. Any refund is subject to Board approval. 4. Reactive Power General Service Rates that include a capacity charge (Demand Rate) may be subject to an adjustment for a reactive power charge based on registered reactive kilovolt Ampere hours (kVARh) during the billing period. All Primary Voltage installations will include kVARh metering to determine the reactive power charge. The Board may require all or any Secondary Voltage Demand Rate Customers whose maximum Demand is 100 kW or more for six (6) months out of any one twelve (12) month period to install a kVARh meter for reactive power adjustment. Secondary Voltage Demand Rate Customers whose Demand is less than 100 kW may be tested with portable kVARh metering equipment to determine if permanently installed kVARh metering is justified. The Board may determine the average Power Factor by test and apply a reactive power charge. Customers who install Power Factor correction equipment may request that kVARh metering be installed. 5. Space Conditioning-Electric Water Heating Service 15 Space Conditioning-Electric Water Heating Service Rate No. 12 is available to commercial and industrial Customers for space conditioning and water heating service as specified in the availability clause in the Rate Schedule. Other uses of electricity at the Premises will be billed using an appropriate secondary General Service Rate. Approved:05/27/08 Effective: 07/01/08 Page 14 of 42 WATE"`LIHr Lansing Board of Application of Rates Water and Light Electric Rule and Regulation 6 6. Mobile Homes in Courts—Individually Served Service to new Mobile Home Courts and expanded service to existing Mobile Home Courts shall be provided through individual tenant metering. Ordinarily, electric service to a mobile home shall be in the name of the occupant; however, service to lots designated for occasional or short-term occupancy shall be in the name of the owner of the Mobile Home Court or an authorized representative. For rules covering installation of electric distribution and services for mobile homes in courts,see Rule 10.I.K. An individually served mobile home used as a Residence will qualify for an appropriate residential electric service Rate. 7. Apartment Buildings and Multiple Dwelling Structures 1. An apartment building or multiple dwelling structure containing four (4) or less Dwelling Units may elect to be billed on the appropriate Residential Service Rate. 2. Apartment buildings or multiple dwelling structures containing five (5) or more Dwelling Units shall have each Dwelling Unit separately metered. 3. Apartment buildings or multiple dwelling structures constructed after March 1, 1979 shall have each Dwelling Unit separately metered. 8. Cogeneration and Small Power Production Facility Customers who utilize cogeneration or small power production equipment as an Energly source may receive partial or standby service under the following applicable Board Rate Schedules: Residential Electric Service—Rate 1 General Service—Rate 3 Large General Service—Rate 4 Primary Service—Rate 5 Large Capacity Electric Service Rate—8 A Customer requesting electric service under this Rule shall enter into a special contract with the Board setting forth terms and conditions of service. Customers who elect to sell Energy to the Board will be paid for such Energy at the Rate specified in the applicable Rate Schedule as set forth above. When not so specified in the applicable Rate Schedule,the Board will pay for such Energy at a Rate which approximates its avoided costs. Approved: 05/27/08 Effective: 07/01/08 Page 15 of 42 WATEER&LI Hr Lansing Board of Application of Rates 1-1 Wm Water and Light Electric Rule and Regulation 6 WO 9. Billing Demand If a Customer's electric Load drops below the minimum Demand requirement of Rate No. 4, 5, or 8 the Board reserves the right to change the billing Rate of this service to another appropriate General Service Rate. 10. Minimum Charges A minimum charge, as defined by the Rate in effect, shall be applied to all services and billed to the Customer. Where the Customer requests that a service be discontinued, the Board shall deactivate the service by any appropriate means, including without limitation, removing the meter and/or by disconnecting the service from the Board's distribution system. 11. Property Owner-Rental Agent Agreement for"Leave On" Service: The BWL may waive application charges to maintain continuity of service at rental property locations provided: (1) the landlord agrees in writing to assume the responsibility for electric service during the interim between tenants, and(2) the landlord is in compliance with all other rules and regulations of the Board. Approved:05/27/08 Effective: 07/01/08 Page 16 of 42 w�rE' T Lansing Board of Responsibility for Payment of Bills Water and Light Electric Rule and Regulation 7 Responsibility for Payment of Bills 1. General Each Board Customer is responsible to pay all utility bills as rendered on or before the due date shown thereon. The Customer remains responsible for payment of the bills until the Customer orders service to be discontinued and the Board has had reasonable time to secure a final meter reading. Bills are rendered on approximately a monthly basis. Bills are mailed to Customers approximately fifteen(15) days before the due date shown on the bill. The Customer shall pay the net amount if paid on or before the due date on the bill. Failure on the part of the Customer, through no fault of the Board, to receive the bill shall not entitle the Customer to pay the net amount after the due date of the bill. If a bill remains unpaid after issuing a five (5) day written shut-off notice, the Board shall have the right to discontinue service. In extenuating circumstances, a Customer will be afforded the opportunity to make payment arrangements. Service shall not be discontinued for non-payment to residential, single unit services from December 1 to March 31. Instead, at the Boards option, a Service Limiter may be utilized for the purpose of minimizing consumption, thereby providing limited service for heat while mitigating a debt. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not in dispute. The Board may also require individual Customers to enter into a written `Billing Service Agreement,"insuring that the Customer is responsible for all services used and rendered. The Board will charge a "Non Sufficient Funds Fee" in accordance with Rule 15 for returned checks. 2. Estimated Consumption Readings may be estimated when conditions warrant. Until reconciled by an actual reading, bills rendered on estimated consumption have the same force and effect as bills rendered on actual meter readings. 3. Billing Errors A. When an error is found to exist in the billing rendered to a Customer, the Board will correct such error to recover or refund the difference between the original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. B. When an error is found to exist in the billing of a contract or service agreement with or governing the Customer, the Board will correct such error to recover or refimd the difference between original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. Approved: 05/27/08 Effective: 07/01/08 Page 17 of 42 WArE�HT Lansing Board of Responsibility for Payment of Bills so Water and Light Electric Rule and Regulation 7 4. Account Security Deposits The Board shall require an account security deposit from any new or existing Customer with an unacceptable credit history with the Board. The Board shall apply different rules to new Customers signing up for service in accordance with Rule 7.4.13. The deposit is normally 2 times the average monthly bill (actual or estimated) as determined by the Board and shall be applied according to Rule 15. Security Deposits shall be administered in accordance with Customer Service established Standards and Guidelines. The Board may waive deposits in special circumstances. The Board may also demand deposits larger than 2 times the average monthly bill if the Board determines that a Customer presents a higher than normal credit risk. A. Unacceptable credit history includes but is not limited to the following: (1) The Customer has deliberately misinformed or misrepresented facts to the Board. (2) The Customer misrepresents their identity. (3) The Customer fails to provide positive identification at the time of applying for service. (4) The Customer has diverted or interfered, in an unauthorized manner, with utility service in the past 6 years. (5) The Customer has had one or more payments canceled in the last 12 months due to: (1) non-sufficient fiords returned check, (2) account closed returned check, (3) non-sufficient funds bank bill, (4) account closed bank bill, (5) credit card reversal, (6) or other payment method cancellation. (6) The Customer has a prior account that is delinquent within the last 6 years. B. New Customers may not be required to submit a deposit, in any of the following situations: Residential Customers (1) The Customer has no service history with the Board and has been permitted into the Good Faith Deposit Program in accordance with Customer Service established Standards and Guidelines. (2) The Customer has previously established an acceptable payment history with the Board on a similar account. (3) The Customer's bill is paid by a governmental agency. (4) The Customer secures a guarantor; the guarantor has an acceptable payment history. (5) The Customer provides an acceptable surety bond. (6) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. Commercial and Industrial Customers (1) The Customer has previously established an acceptable payment history with the Board on a similar account. (2) The Customer's bill is paid by a governmental agency. (3) The Customer secures a guarantor; the guarantor has an acceptable payment history. (4) The Customer provides an acceptable surety bond. Approved: 05/27/08 Effective: 07/01/08 Page 18 of 42 WArE� R�3L� Lansing Board of Responsibility for Payment of Bills j Water and Light Electric Rule and Regulation 7 (5) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. The Board will refiund deposits to all Customers who have taken service for 12 months and have an acceptable payment history. The Board will also refund deposits to Customers who have voluntarily terminated service and paid all charges due. The Board will pay simple interest accrued on Account Security Deposits held. No interest will be paid until the deposit is returned to the customer. The interest rate will be updated on July 1 of each year. The interest rate used to calculate interest will be the sum of the Federal Funds rate in effect on the last day of March of the current year plus .25%. Approved: 05/27/08 Effective: 07/01/08 Page 19 of 42 WATE�UCHT Lansing Board of Dispute and Hearing Procedure Water and Light Electric Rule and Regulation 8 Dispute and Hearing Procedure 1. Disputes In accordance with the Lansing City Charter, the Board is required to provide a fair and equitable dispute and hearing process for its Customers as follows: A. When any Customer disputes a bill or service and the Board is so advised in writing, the date of the notice of dispute will be recorded. B. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not disputed. C. The disputed bill or service will be investigated promptly and completely. D. The Customer will be advised of the results of the investigation. E. An attempt will be made to resolve the dispute in a manner mutually satisfactory to both parties. F. The Board will provide the opportunity for each Customer to enter into a reasonable settlement agreement in order to mutually resolve the disputed claim or to satisfy any liability not in dispute. G. If a settlement cannot be reached between the Customer and the Board's Account Administrator, the Customer may choose to appear before the Board's Dispute Review Committee. The review will be scheduled within ten(10)days of the request or as mutually agreed to by both parties. H. If a settlement cannot be reached following examination by the Dispute Review Committee, the account will be referred to the Board's General Manager. 1. If a settlement is not reached after review by the Board's General Manager, the Customer shall be afforded an opportunity for a hearing. J. The Customer shall be responsible for payment of all other bills or portions of bills as rendered which are not in dispute. 2. Hearings A. Any Customer who disputes the services provided or a billing for services furnished in accordance with the Board's filed Rates, Rules and Regulations or established policies or procedures may request a hearing. If a hearing requested is based on a disputed past due bill, the request must be made within ten (10) calendar days following the final outcome of the dispute process. Any request for a hearing may be made in writing and received by the Board's corporate office at 1232 Haco Drive, Lansing,Michigan,48912. B. On receipt of a request for a hearing, the Board will forward this request to an independent Hearing Officer. The Hearing Officer will arrange a time for the hearing and advise both the Customer and the Board of the date, time and location in writing. The hearing will be scheduled during normal business hours. Failure of the Customer or Board to attend the hearing without due cause or prior request for adjournment will constitute a waiver of right of that party to the hearing. C. The Board and the Customer shall: (1) Have the right to be represented by Counsel or other persons of their choice. (2) Have the right to present evidence, testimony and oral and written argument. (3) Have the right to cross-examine witnesses appearing on behalf of the other party. Approved: 05/27/08 Effective: 07/01/08 Page 20 of 42 WATER Lansing Board of Dispute and Hearing Procedure Water and Light Electric Rule and Regulation 8 (4) Have the right to have the hearing recorded by a court reporter at the expense of the party requesting a court reporter. The Hearing Officer shall also have the right to have the hearing recorded by a court reporter. Recordings will be preserved at least six (6) months from the date of the hearing. All evidence relevant to the dispute will be received. D. For each hearing, the Hearing Officer shall compile a hearing record which will contain; (1) A concise statement in writing of the position of the Board in relation to the dispute. (2) A concise statement in writing of the position of the Customer in the dispute. (3) Copies of all evidence submitted by the parties. E. If a decision is reached during the hearing, the Hearing Officer shall state the decision to both parties. If the Hearing Officer does not reach a decision during the hearing, additional time will be allowed to reach a decision. When a decision has been reached, either at the hearing or later, the Hearing Officer will prepare a report which shall contain the following: (1) A concise summary of the evidence and argument presented by the parties. (2) The decision and a statement that the decision of the Hearing Officer was based solely on the evidence presented and reasons therefore. (3) Advise that the representatives of the Board and the Customer have a right to file an appeal with the Board of Commissioners. (4) A statement as to any settlement agreement. (5) A statement that the dispute determination is binding on both parties unless appealed to the Board of Commissioners within ten(10) days of the date of mailing of decision, and that any request for appeal must be in writing to the Corporate Secretary. F. The Hearing Officer shall file the written report with the Board of Commissioners and the Mayor of the City of Lansing. A copy of the report shall be sent to the Customer via certified mail. G. If the dispute is unresolved and the decision appealed, the Hearing Officer shall make recommendations to the Board of Commissioners on the dispute. The Secretary of the Board will arrange a time for the appeal and advise both the Customer and the Board of the date, time and location in writing. Failure of the Customer to appear at the time set for the appeal without due cause, or to request an alternate date,will constitute a waiver of right to appeal. H. The Board of Commissioners shall report its final action on any unresolved disputes together with the Hearing Officer's report and recommendations to the Mayor and the City Council of Lansing, Michigan. 1. The Mayor may make recommendations to the Board of Commissioners on each unresolved dispute. Approved: 05/27/08 Effective: 07/01/08 Page 21 of 42 WATER i� Lansing Board of Sale and Lease of Service Facilities so Water and Light Electric Rule and Regulation 9 Sale and Lease of Service Facilities 1. General To qualify for a primary electric service Rate, the Customer must own and maintain or lease from the Board all the necessary transforming, primary switching, primary metering and protective equipment required for such service and the entire electrical requirements must be supplied through a Board approved metering installation. This service is offered at the option of the Board and the Customer shall meet the requirements of this Rule 9, Rule 3.2.A.(5) and all electrical codes and Board standards. Prior to sale or lease of a Board owned installation for a primary electric service Rate, this installation shall be required to meet all applicable electrical codes, which may require the Customer to install additional equipment such as gang-operated disconnect devices and protective devices. Once the applicable code requirements are met, and subject to Board approval, the Customer will be allowed to purchase or lease the Board owned transformer(s) and associated equipment at estimated fair market value. Upon compliance with the provisions of this Rule 9, the Customer will be placed on the applicable primary electric service Rate. After date of sale, the Board disclaims any rights or ownership or responsibility for the equipment or Facilities and purchaser accepts the equipment or Facilities as is without warranty either express or implied and, further, the responsibility for any and all replacement, maintenance and/or repair as/or when needed wholly rests with the Customer. Approved:05/27/08 Effective: 07/01/08 Page 22 of 42 WATERRRIGHf Lansing Board of Distribution System Extensions UWater and Light Electric Rule and Regulation 10 Distribution System Extensions 1. General A. Request for Distribution System Extension Rule 10 sets forth the conditions under which the Board will extend overhead, underground or combination overhead and underground electric distribution systems. B. Ownership The Board will provide, own, maintain and specify all of its distribution Facilities including location, except as otherwise expressly provided herein. No ownership rights to Board Facilities shall pass to any owner(s), developer(s), or Customer(s) by reason of any contribution required hereunder. C. Nonrefundable Contribution for Underground Extensions The owner(s), developer(s) or Customer shall be required to make a nonrefundable contribution in aid of construction to the Board prior to construction, to cover the estimated difference in cost between overhead and direct burial underground Facilities. Residential: In Subdivisions: The amount of the contribution shall be computed on the basis of front lot footage as determined by the Board. Where underground distribution system extends through areas within a subdivision that are undeveloped or consists of lots for fiiture use, the front footage measurement of both sides of the street or easement along which the cable extends will be the basis for such contribution. The "Residential Underground Distribution Extension" charge for this contribution shall be as stated in Rule 15. Outside Subdivisions: The amount of the contribution shall be computed on the basis of Trench footage required and to be installed. The "Residential Underground Distribution Extension' charge for this contribution shall be as stated in Rule 15. Commercial, Industrial and Multi-Dwelling Strictures: The amount of the contribution shall be computed on the basis of Trench footage required and transformer capacity to be installed. The "Commercial Underground Distribution .Extension' charge and "Transformer kVA Capacity"charge for this contribution shall be as stated in Rule 15. D. Deposit The Customer may be required to make a deposit based on the following: (3) For Customer(s) to be served within one year: (a) The Board shall require a deposit from the Customer, prior to construction, in the amount that the estimated cost of the distribution extension exceeds one and one-half (1'/z) times the estimated new Annual Revenue to be received from the Customer(s). Any nonreffundable contribution in aid of Approved: 05/27/08 Effective: 07/01/08 Page 23 of 42 WATE`IG�HT Lansing Board of Distribution System Extensions Water and Light Electric Rule and Regulation 10 construction made will be credited against the cost of such extension for purposes of this calculation. (b) When serving residential subdivisions, the Board shall require a deposit from the Customer, prior to construction, in the amount that the estimated cost of the distribution extension exceeds one and one-half(P/2) times the estimated new Annual Revenue to be received from the Customer(s) based on up to 1/3 of the lots to be served by the distribution system to be immediately constructed. Upon request and sufficient documentation by the Customer(s), the Board may calculate the estimated new Annual Revenue based on more that 1/3 of the lots to be serviced by the distribution to be immediately constructed. Any nonrefundable contribution in aid of construction made will be credited against the cost of such extension for purposes of this calculation. (4) For serving Loads of questionable stability or development: A deposit, if required, by the Customer will be based on an evaluation of the Board's recovery of capital cost along with other business related matters. Rule 10.1.C. "Nonrefundable Contribution for Underground Extensions" may not apply to distribution system extensions evaluated under this section herein. Prior to the installation of a distribution system, the owner(s), developer(s) or Customer(s) who are to make any contribution required hereunder shall be required to enter into a written agreement. The agreement will generally describe the proposed distribution system and set forth the respective obligations of the parties. Such agreements shall be subject in all respects to the provisions of this Rule 10. Each proposed system shall be a separate and distinct unit and any extension thereof shall, if agreed to by the Board,be made the subject of a separate written agreement. E. Refunds Distribution Line extension deposits made with the Board shall be subject to refund without interest during the first five (5) twelve (12) month periods from the date of the written agreement for a distribution system extension as required by this Rule 10.1.D. Refunds will only be made to person(s) making the deposit and shall cease when they equal the amount deposited or at the close of the fifth twelve (12) month period following the month during which the line extension is completed, after which the Board shall have no further obligation to refund any remaining portion of the line extension deposit. The Board will refund to the party making the deposit: 1) $500 for each additional new residential permanent Customer(s) directly connected to the extension and; 2) An amount equal to one and one-half (1'/z) times the first year estimated Annual Revenue less the distribution system constriction cost for each additional new commercial/industrial permanent Customer(s) directly connected to the extension. Directly connected Customers are those that do not require the constriction of more than 300 feet of primary and/or secondary Distribution Lines. Refunds will not be made until the original Customer(s)or its equivalent are permanently connected to the extension. Approved: 05/27/08 Effective: 07/01/08 Page 24 of 42 WATER R&L®T Lansing Board of Distribution System Extensions Water and Light Electric Rule and Regulation 10 F. Economic Development Offsets Where the Board determines that the distribution system extension will promote development that provides substantial and sustainable economic benefits to its Customers or the Lansing region, the Board will consider an offset to its fees and .charges and/or an economic incentive subject to its availability. G. Easements and Tree Trimming/Removal Permits Prior to the installation of any distribution system, the owner(s), developer(s) or Customer(s) shall be required to furnish, at no expense to the Board, recordable easements, granting right-of-ways suitable for the installation and maintenance of the distribution system including any street lighting cables and distribution equipment as designed by the Board for present and future service. The owner, developer, or Customer shall also, in a form satisfactory to the Board, grant the Board permission to trim and remove trees as necessary to protect the integrity of its distribution system and the safety and welfare of its employees and the public. In the event the required easements and tree trimming and removal permits are not provided by the owner(s), developer(s) or Customer(s) for such extension, the Board may elect to construct all or any part thereof along public highways or other private property. In such event, the Board may require the owner(s), developer's) or Customer(s) to pay the added construction expense occasioned by the use of such highways or other private property, plus any expense encountered in acquiring permits and easements on other private property when necessary to provide service to the owner(s), developer(s) or Customer(s). H. Non-Standard Equipment Where the Customer requests that the Board utilize equipment which differs from its normal specifications, purchased or installed, the Board may elect to provide such non- standard equipment with the Customer paying any additional cost. I. Non-Standard Construction Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. J. Other Facilities The Board may elect to prohibit the construction of sanitary sewers and water Facilities in its easement so that sewer and water connections can be made without undermining electrical ducts or cables. It will be the responsibility of the owner(s), developer(s) or Customer(s) to provide locations of any existing privately owned underground Facilities such as lawn sprinkler systems, field drainage systems, septic tanks, Customer owned electric lines, etc. If privately owned Facilities are not properly located, the Board does not assume responsibility for any damage to these Facilities. Approved: 05/27/08 Effective: 07/01/08 Page 25 of 42 WATER aucHr Lansing Board of Distribution System Extensions Water and Light Electric Rule and Regulation 10 K. Customer Provided Facilities Customers who will be served by an underground distribution system and whose Load requires the installation of a padmounted transformer(s) larger than 500 kVA shall be required to own, install and maintain a concrete platform(s) constructed according to the Board's specifications. Where it is necessary or requested to place the Board's pole(s), transformer(s) or other above-grade equipment in an area on the Customer's property which is susceptible to vehicular traffic, it will be the Customer's responsibility to install guard posts to the Board's specifications or the Board will install them on an estimated installed cost basis. L. Nfobile Home Courts Underground distribution systems and services for Mobile Home Courts shall be installed under the provisions of this Rule 10 and Rule 11, except that the Board will provide, install and maintain suitable meter supports which will be located along the Main Line Trench at locations as specified by the Board. The Board will install, own and maintain the entire underground electric distribution system, including the pre- metered portion of the service laterals. The service conductors from the meter to the mobile home shall be the responsibility of the Mobile Home Court owner. M. Street Lighting The Board may provide street lighting in areas served directly by its distribution system subject to the governing entity's approval Board approved standards and the Board's Rate Schedules. The governing entity shall be required to sign a Street Light Construct and Billing Agreement. The Board may provide underground street lighting in areas served directly by underground distribution systems. (1) Where applicable street lighting facilities including standards,luminaries,cables and associated facilities will be installed after curb and gutter installation. (2) Street lighting facilities will be installed utilizing the direct buried method as described in Rule 10 Section 2 except where applicable per Rule 10 section M. (3) Underground conduits shall be installed under all drivable surfaces. (4) Where applicable a reasonable effort should be made by the governing entity and its contractor to coordinate the installation of conduits during road and driveway construction. (5) Conduits will be installed across all quadrants of intersections where street lights are proposed at locations to be specified by the customer projects engineer. The customer projects engineer may reduce or increase the number of conduits to meet the conditions of the system or site. (6) Street lighting underground cables will be installed at a minimum of 12 inches and a maximum of 24 inches behind back of curbs,gutter or drivable surface delineation. Depth of cable is as defined in Rule 10 Section 2. Trenching and Duct. (7) Where concrete is continuous between curb and sidewalk and or property line conduits shall be installed from light to light. Handholes will be installed at each light standard. The number of conduits installed will be specified by the customer projects engineer. (8) Standards and poles will be installed 3 feet behind the back of curb or drivable surface and 6 feet from any curb radius or driveway. Exceptions shall be approved by the customer projects engineer. (9) Street Lighting facilities installed on State of Michigan Highways or trunk lines will be installed according to the MDOT standards and approvals. Approved:05/27/08 Effective: 07/01/08 Page 26 of 42 wATE�e Lansing Board of Distribution System Extensions Water and Light Electric Rule and Regulation 10 (10) Roadway traffic signs may be installed on existing street light poles and standards with approval from the governing entity. Installation of signs shall be completed by the governing entity or its approved contractor. Signs shall be installed utilizing BWL approved methods and materials and meet all local codes. (11) Illumination levels,street lighting design and installation will be determined by the latest standards and guidelines set forth by the Illuminating Engineering Society of North America and BWL. Any deviations from these guidelines and standards must be submitted in writing and approved by governing agency and the BWL. N. Outdoor Protective Lighting The Board may provide Outdoor Protective Lighting (OPL) in areas served directly by its distribution system subject to the governing entity's approval, where applicable, Board approved standards and the Board's Rate Schedule. The customer shall enter into a Board Outdoor Protective Lighting(OPL) Contract. (1) OPL's may be installed on existing poles as approved by the customer projects engineer. (2) OPL's may be fed from overhead distribution or underground distribution. (3) Where applicable OPL facilities including standards,luminaries,cables and associated facilities will be installed after curb and gutter installation. (4) Underground OPL facilities will be installed utilizing the direct buried method as described in Rule 10 Section 2 except were applicable per Rule 10 section M. (5) Where applicable to the installation underground conduits shall be installed under all. drivable surfaces. (6) Where applicable a reasonable effort shall be made by the customer and its contractor to coordinate the installation of conduits during road and driveway construction. (7) OPL underground cables will be installed at a minimum of 12 inches and a maximum of 24 inches behind back of curbs,gutter or drivable surface delineation. Depth of cable is as defined in Rule10 Section 2. Trenching and Duct. (8) Where concrete is continuous between curb and sidewalk and or property line conduits shall be installed from light to light. Handholes will be installed at each light standard. The number of conduits installed will be specified by customer projects engineer. (9) Standards and poles will be installed 3 feet behind the back of curb or drivable surface and 6 feet from any curb radius or driveway. Exceptions shall be approved by the customer projects engineer. (10)Illumination levels,street lighting design and installation will be determined by the latest standards and guidelines set forth by the Illuminating Engineering Society of North America and BWL. Any deviations from these guidelines and standards must be submitted in writing and approved by governing agency and the BWL. O. Subdivisions The Board will install underground electric distribution systems for all new subdivisions. Likewise, where a new subdivision is located adjacent to an existing overhead distribution system, the Board will generally provide underground service from these overhead Facilities unless the local governmental authority approves the use of individual overhead service connections. P. Available Voltage If a Customer requires a three-phase voltage different from the established voltage in the area, it may be furnished at the Board's option. In such cases, the Customer shall pay all extra costs involved. In the case where there is more than one established voltage in the area, the Board shall determine which voltage will be furnished. Approved: 05/27/08 Effective: 07/01/08 Page 27 of 42 WATER&L�T Lansing Board of Distribution System Extensions so Water and Light Electric Rule and Regulation 10 Q. Construction Date of Distribution Extension The Board will, based on availability of work crews and material, and subject to approvals of the appropriate regulatory agencies, utilize best efforts in constricting the distribution extension to meet a mutually agreed upon date. 2. Trenching and Duct The owner(s), developer(s) or Customer(s) shall be required to provide, at no expense to the Board, rough grading (within six (6) inches of finished grade) prior to the installation of the Board's Facilities so that the underground electric distribution system and street lighting cables, if any, can be properly installed in relation to the finished grade. Owner(s), developer(s), or Customer(s) shall install and maintain permanent survey stakes indicating property lines, at no expense to the Board, after rough grading, and prior to installation of the Board's Facilities. The Board's construction standards for the installation of direct burial primary and secondary cables require a minimum cover of thirty-six (36) inches for primary cable and thirty (30) inches for secondary cables and a maximum cover of forty-eight (48) inches, unless otherwise approved by the System Integrity & Customer Projects Department and, in no cases, shall the Board allow any Board owned cable Facilities to remain energized when in known violation of the minimum depth requirements of the National Electrical Safety Code. Any subsequent relocation of Board Facilities required on account of a change in grade that violates this minimum depth requirement shall be done by the Board and billed at actual cost to the owner(s),developer(s)or Customer(s) causing for the violation. The Board may jointly utilize Trenches for primary, secondary cable and service conductors with other utilities. The other utility(s) electing to utilize joint trench will be responsible for payment of"Joint Trench Charges" in accordance with Rule 15, "Joint Trench Charges". All Trenching and backfilling will normally be provided by the utilities; however, the developer shall be responsible for all extra expense involved if paving is installed before cable or conduit crossings are in place. The Board may elect at its sole discretion to install additional conduit or duct at the request of other utility providers. The utility(s) utilizing the conduit or duct will be responsible for payment of joint installation in accordance with Rule 15. The Board will backfill Trenches for primary and secondary cables with the same material as has been excavated and with minimum compaction except in cases where material removed is found to be rubble, debris or unsuitable as determined by the Board. In such cases, sufficient sand shall be provided by the owner(s) or developer(s), at no expense to the Board, or the Board may, at the owner's expense, furnish the sand to backfill six(6) inches below and above the Board's cables. Where it is necessary for Trenching and installation of underground electric Facilities to be scheduled during the "Winter Constriction Period"as defined in Rule 15,the Customer may be required to pay a"Winter Construction Charge"as established therein. As an option, the Customer or developer may elect to provide all Trenching, backfill and restoration on the Customer's or developer's property to the Board's specifications. Approved:05/27/08 Effective: 07/01/08 Page 28 of 42 WATER&LIGHT Lansing Board of Distribution System Extensions &a Water and Light Electric Rule and Regulation 10 Prior to the installation of the Board's direct burial electric Facilities in a Trench provided by the Customer or developer, the Trench shall be inspected by the Board's authorized personnel for proper depth and cleaning of debris. The first inspection shall be at no charge, and all subsequent inspections may be subject to a"Site Inspection" fee as defined in Rule 15. If the Board determines that an installation is not practical for direct burial cable, the Board will require ducts. The owner shall be responsible to own, install and maintain ducts, manholes and vaults located on the owner's Premises when: A. The owner requests these Facilities; B. Direct burial installation is impractical; C. The Board requires these Facilities as an extension from a similar existing system, or; D. Other reasons as may be determined by the Board. Otherwise, the Board shall own, install and maintain such ducts and associated Facilities. Ducts,manholes and vaults shall be installed in accordance with the Board's specifications. 3. Conversion of Existing Overhead Distribution Systems and Associated Services At the request of a Customer, the Board will, if feasible, convert any existing overhead electric distribution system and associated overhead services, including any provisions for street lighting, to underground distribution Facilities. Prior to the commencement of the conversion of any existing overhead distribution systems and associated services, the Customer(s) shall be required to make a nonrefundable contribution in aid of construction. The contribution in aid shall reimburse the Board for the estimated fair market value of the existing overhead Facilities comprising such system plus the cost of removal less the salvage value thereof, plus the cost of the new underground Facilities including, without limitation, the cost of breaking and repairing streets, walks, parking lots, driveways, and the cost of repairing lawns and replacing shrubs, flowers,sod. Should the conversion of these Facilities cause the installation or re-arrangement of other overhead Facilities in the area, the Customer(s) shall reimburse the Board for the installed cost involved in re-arrangement or installation of other existing Facilities. Conversion of any existing overhead electric distribution system and associated overhead services are also subject to the easement provisions of Rule 10.1.F. Any additional rewiring of Customer owned Facilities made necessary by the conversion of an overhead service to any underground service shall be the responsibility of the Customer. Pole attachments other than the Board's are the responsibility of the attaching party. 4. Electric Facility Relocations and Removals At the request of a Customer or developer, or as required due to a conflict, or to meet Board Standards, the Board will relocate or remove its electric and associated Facilities provided: A. The relocation or removal is feasible and meets Board Standards. Approved: 05/27/08 Effective: 07/01/08 Page 29 of 42 WATER&LIGHT Lansing Board of Distribution System Extensions IM Water and Light Electric Rule and Regulation 10 B. The Customer or developer obtains approval from all Customers impacted by the proposed relocation. C. The relocation or removal does not degrade electrical reliability D. All governmental approvals,permits and easements are obtained Prior to any relocation or removal of electric Facilities, the Customer or developer shall be required to make a nonrefundable contribution in aid of constriction. The aid in contribution of constriction shall reimburse the Board for all relocation and removal costs including material, labor, the cost of breaking and repairing streets, walks, parking lots, driveways, etc., repairing lawns, replacing shrubs, flowers, etc., and any right-of-way costs as per this Rule 10, plus the cost of any necessary modifications to the Board's electric distribution system affected by the relocation or removal, less the salvage value of any portion of the electric Facilities removed. Where relocation or removal of electric Facilities is necessary to serve new or additional Load, the Board may elect to credit all or a portion of the value of any associated revenue to the cost of relocation or removal. The only exception to these relocation provisions will be the relocation of the Board's electric Facilities within public right-of-way that blocks the access to the first driveway to a residential Premise. There will be a charge for relocation work to provide access to any additional driveways to these Premises. Proof of driveway permits will be required prior to any relocation work. 5. Distribution System Extensions for Second Source A. The Board will not construct at its own expense a second electric source to any facility, new or existing, that can be adequately served with a single source as determined by the Board. Except that a Second Source shall be required for Customers served from the Board's underground lead cable system and the Board may require a nonrefundable contribution in aid of construction as determined by Rule 10.1.D. B. The Customer may have the additional source installed by making a nonrefundable contribution in aid of construction to the Board, in advance, to cover the entire cost of extending the Board's electric Distribution Lines to the Customer's Facilities, and any other cost incurred due to increasing the capacity of the Board's existing distribution Facilities. C. Where the reasonable probability exists for future Customers to be connected to the proposed Second Source line extension, the Board may elect to enter into a line extension agreement in accordance with the applicable provisions of this Rule 10. D. In the case of a request for a Second Source, the Board will endeavor, but does not guarantee, to maintain at all times two separate sources to the Customer's Facilities. Approved: 05/27/08 Effective: 07/01/08 Page 30 of 42 Lansing Board of Services Water and Light Electric Rule and Regulation 11 Services 1. General The Service Entrance Conductors shall be furnished, installed and maintained by the Customer in accordance with the National Electrical Code or other applicable local codes and shall conform to the Board's specifications. The Service Location shall be specified by the Board and shall be located so that the Board's service Facilities meet or exceed all clearance requirements of the National Electrical Code, National Electrical Safety Code and other applicable law,regulations and local codes. Service shall not be provided to a Service Location through an existing structure. Should it become necessary from any cause beyond the Board's control to change the Service Location, the entire cost of any changes in the Customer's service shall be the responsibility of the Customer. Should it become necessary for the Board to reinforce or upgrade area distribution Facilities to accommodate the requested service, a nonrefundable contribution in aid of construction may be required as determined by Rule 10.I.D. Any poles, wires and other equipment required at or beyond the Customer's meter shall be furnished, installed and maintained by the Customer. The Board will maintain and repair only those service conductors owned by the Board except as provided in Rule 11.6. In the course of maintaining or repairing service conductors, the Board shall bear no responsibility for damage incurred or restoration to areas where the service conductors pass under any area not readily accessible. The Customer shall be responsible for additional repair costs due to these encumbered services or for damage as a result of negligence, willful damage or carelessness by the Customer, owner or tenants. 2. Temporary Services Customers desiring temporary general secondary service (normally less than six (6) months) for, including without limitation, construction jobs, traveling shows, outdoor or indoor entertainments or exhibitions, shall pay the charge per Customer per month provided in the Board's applicable Rate. The Customer shall furnish a suitable support for the metering. The Customer shall be required to make a nonrefundable contribution in aid of construction with the Board in an amount to cover the cost of installing and removing these temporary Facilities plus a security deposit if required prior to the start of construction. Meters shall be installed by the Board and may be read daily and the deposit will be modified, as the Energy used may justify such modification. Minor temporary Loads such as construction security cameras may be unmetered and billed at a flat Rate at the approval of the System Integrity and Customer Projects Department. Where overhead temporary service of 400 Amperes or less is desired and where such service is available and does not exceed 100 feet at the time temporary service is needed, the charge will be as specified in Rule 15. Where overhead temporary service is not available at the site or exceeds 100 feet or 400 Amperes, the Customer shall be required to make a nonrefundable contribution in aid of construction to the Board Approved: 05/27/08 Effective: 07/01/08 Page 31 of 42 WATER R� Lansing Board of Services la Water and Light Electric Rule and Regulation 11 in advance to cover the estimated cost of installation(excluding services and meters),phis the cost of removal or abandonment of the temporary Facilities less the salvage realized. For all underground temporary services, the Customer is responsible to Trench and install each underground temporary service conductor(s) in accordance with the requirements of all electric codes applicable, to a point within two (2) feet of the Board's Facilities. Any excavation with power equipment will require notification of the"Miss Dig" system for the identification of all underground Facilities in the area as required by the laws of the State of Michigan. The Customer shall make a nonrefundable payment to the Board for connecting and disconnectin�-) temporary service conductor(s) to Board equipment as stated in Rule 15. 3. Residential,Commercial and Industrial Overhead Services Where suitable service is available, the Board will install, own and maintain overhead service conductors from its Distribution Lines to the nearest suitable point of attachment on the Customer's buildings or other structures as designated by the Board. The ampacity of the Board's overhead service conductors will be rated for the estimated electric Demand but not less than 50% of the customer's main over current device(s). Where the Customer requests a point of attachment other than that specified by the Board, then the Customer shall be responsible to pay the cost of installing additional intermediate supports, wires or fixtures necessary to reach the point of attachment requested. The Customer shall furnish, own, install and maintain service masts, when necessary in order to obtain required clearance. The Board will specify the location, height and size of the mast to adequately support the service wires under heavy loading conditions. While the mast should be firmly attached to the principal building frame, the Board does not make recommendations regarding the method of fastening and assumes no responsibility for damage caused by the service wires. The Customer should consult an architect or builder regarding the method of fastening prior to installation. Where paralleled Set-vice Entrance Conductors are used in overhead services, the Customer(s) or the contractor(s) shall be responsible to terminate the paralleled conductors in a single conductor suitable for connection to the Board's overhead service wires. 4. Residential,Underground Services from Underground Distribution Systems Upon request and where suitable .Facilities are available, the Board will install, own and maintain single phase underground direct burial residential electric service conductors to the nearest suitable point of attachment on the exterior of the Customer's building or other structure as designated by the Board, provided that the total capacity of all the Dwelling Units at each Service Location does not exceed the capacity of a single 167 kVA transformer. Where the total service capacity of all the Dwelling Units at one Service Location exceeds the capacity of a single 167 kVA transformer, the service conductors shall be installed in accordance with Rule 11.6. The developer or Customer shall be required to make a nonrefundable contribution in aid of construction to the Board to cover the additional cost resulting from the installation of an underground service. For standard installations, the amount of such contribution shall be computed on the basis of the "Residential Underground Service" charge as defined in Rule 15 and applied to the straight line distance from the termination of the Board's secondat Facilities normally at or near the front or rear Approved:05/27/08 Effective: 07/01/08 Page 32 of 42 WATE'aa-- Lansing Board of Services IM Water and Light Electric Rule and Regulation 11 property line, or at the Board's transformer, to a point directly below the Customer's meter as designated by the Board. Where special routing of the service conductors is requested by the Customer and the Board determines this request to be feasible, the cost of the additional service length required to accommodate such special routing shall be the responsibility of the Customer and will be based on the"Residential Underground Service"charge as defined in Rule 15. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved constriction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. 5. Residential Underground Services from Overhead Distribution Systems The Board will, where feasible, install, own and maintain single phase underground direct burial residential electric service conductors from an overhead electric distribution system in accordance with the provisions of Rule 11.4. In addition, the Board will impose a "Secondary Riser Pole Charge"for each underground service supplied from an overhead secondary as stated in Rule 15. If a crossing of a public road is necessary and the Customer requests that the crossing be installed underground, the Customer may be required to make an additional contribution in aid of construction to the Board, in an amount equal to the estimated difference in cost between an overhead and underground crossing. 6. Commercial and Industrial Underground Services The owner of each commercial or industrial building requiring an underground electric service system shall install, maintain and own the underground secondary service conductors between the building and the service pedestal, padmounted transformer or secondary attachment on the pole. Primary service conductors shall be installed,maintained and owned by the Board. Customers located in areas served by direct burial distribution systems may request the Board to install direct buried electric secondary service conductors to commercial services not exceeding 400 amps where the point of metering is located outside and is in compliance with the Board's requirements. The Board will comply with the request, if it is feasible, but shall only install service conductors to a meter enclosure supplied by the Board and installed by the Customer. The Customer shall still retain ownership of such service conductors with maintenance provided by the Board at the Customer's expense. The Customer or developer shall be required to make a nonrefundable contribution in aid of construction toward the cost of such Board-installed services that, for standard installations, will be computed on the basis of the"Commercial Underground Service"charge as defined in Rule 15. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved constriction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. The commercial or industrial Customer may request the Board to maintain and repair, and the Board may do so in its discretion, the Customer's underground secondary service conductors between the building and the service pedestal, padmounted transformer or secondary attachment on the pole. The Customer shall be responsible to pay all bills rendered by the Board for the cost to maintain or repair the Customer's service conductors. Secondary service conductors shall be installed in accordance with any applicable local codes and the following Board specifications: Approved: 05/27/08 Effective: 07/01/08 Page 33 of 42 WATER&LIGHT Lansing Board of Services so Water and Light Electric Rule and Regulation 11 A. The total ampacity of all secondary service cables connected to a transformer shall not exceed 2000 Amperes. The secondary service shall be in accordance with the National Electrical Code or other applicable local codes. Due to physical limitations of Board-owned transformers and secondary connectors, the maximum number of paralleled secondary cables for any single service dependent on service size shall be limited to: Single Service Size Cables Maximum No. of Parallel Copper Aluminum 200 Amperes 4 4 400 Amperes 4 4 600 Amperes 4 4 800 Amperes 4 4 1000 Amperes 4 4 1200 Amperes 4 4 1600 Amperes 4 5 1800 Amperes 5 6 2000 Amperes 5 6 The total number of cables connected to a single transformer connector shall not exceed five - 600 kcmil for copper cables and six - 750 kcmil for aluminum cables The Board will make connection of all service and primary cables to Board-owned transformers. B. A single secondary service in excess of 2000 Amperes shall be installed using one of the two following methods. (1) A bus duct that is provided and installed by the Customer or developer. The Applicant must provide flexible secondary connectors with bus duct. The Board will make connection of the bus duct to the secondary of the transformer. (2) The Applicant may purchase a Board approved multiple secondary termination cabinet. This cabinet is designed for use on single secondary services up to 3,000 Amperes and is available from the Board for a fee as specified in Ruffle 15. The Applicant shall construct a concrete pad, supply and install their own cable and provide terminal lugs for their supplied cables. The Board will make connection of the Applicant's cable to the cabinet. C. In locations where the Customer's service conductors are permitted to be connected directly to a Board-owned transformer, only Board approved and provided terminations shall be allowed. Approved: 05/27/08 Effective: 07/01/08 Page 34 of 42 WArE�IcHT Lansing Board of Services MA Water and Light Electric Rule and Regulation 11 7. Multi-Dwelling Structure Services The owner or developer of each Multi-Dwelling Structure requiring an underground single phase electric service system shall install, maintain and own the underground secondary service conductors between the building and the service pedestal,padmount transformer, or secondary attachment on the pole. The total capacity of the Dwelling Units connected to each service shall not exceed the capacity of a single 167 kVA transformer. Customers located in areas served by direct burial distribution systems may request the Board to install direct buried single phase electric secondary service conductors to Multi-Dwelling Structures not exceeding 800 A where the point of metering is located outside and is in compliance with the Board's requirements. The Board will comply with this request, if it is feasible, but shall only install service conductors to a Secondary Service Termination Box supplied by the Board and installed by the Customer. The Customer shall pay the cost of the Secondary Service Termination Box as specified in Rule 15. The Customer shall retain ownership of such service conductors with maintenance provided by the Board at the Customer's expense. The Customer or developer shall be required to make a nonrefundable contribution in aid of construction toward the cost of such Board installed services that, for standard installations, will be computed on the basis of the"Commercial Underground Service"charge as defined in Rule 15. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. 8. Conversion of Existing Overhead Electric Service At the request of a Customer, the Board will, if feasible, convert an existing overhead electric service to an underground electric service in accordance with.Rule 10.3. 9. Electric Service Relocations and Removals At the request of a Customer, or as required due to a conflict, or to meet Board Standards, the Board will relocate or remove its electric service Facilities in accordance with Rule 10.4. 10. Second Service A. The Board will not construct at its own expense a second electric service to any facility, new or existing, that can be adequately served with a single source as determined by the Board. Except that a Second Service shall be required for Customers served from the Board's underground lead cable system and may require a nonrefundable contribution in aid of construction as determined by Rule 10.1.D. B. The Customer may have the additional service installed by making a nonrefundable contribution in aid of construction to the Board, in advance, to cover the entire cost of providing a Second Service. C. In the case of a request for a Second Service, the Board will endeavor, but does not guarantee, to maintain at all times two separate services to the Customer's Facilities. Approved: 05/27/08 Effective: 07/01/08 Page 35 of 42 WATE�IGHT Lansing Board of Motors so Water and Light Electric Rule and Regulation 12 Motors Customers shall be responsible to protect a motor that cannot have its rotation safely reversed or that would be damaged by phase or voltage failure in all phases by phase reversal and phase failure relays and/or low voltage relays. These protective devices should be wired to automatically disconnect and prevent restarting of motors until the problem has been corrected and service restored to normal. Conventional single phase motors may be connected to operate at 120 or 240 Volts subject to the following limitations: Maximum Allowable Locked- Nominal Motor Size Permissible Operating oltage Rotor Current `/z hp or less 120 50 Amperes '/2 hp to 3 hp 240 105 Amperes Over 3 hp 240 To be connected only with written permission of the Board All single phase motors should be connected by the Customer to operate at 240 Volts whenever practical to minimize voltage drop in the Customer's wiring and supply system. The Board may restrict both the individual and combined Horsepower and locked rotor current of three phase motors installed in a Customer's facility. The Board may require the Customer to install reduced voltage starters, starting interlock systems, variable frequency drives, or other devices to reduce the locked rotor demands on the Board's electric distribution system. If the Board, in its sole discretion, determines that a larger sized transformer than what would normally be installed is required to supply the locked rotor currents,the Customer shall bear the added cost. Customers planning the use of three phase motors should consult the System Integrity & Customer Projects Department of the Board for characteristics, adequacy and availability of the service. Approved: 05/27/08 Effective: 07/01/08 Page 36 of 42 WATE® Lansing Board of Use of Board Equipment so Water and Light Electric Rule and Regulation 13 Use of Board Equipment 1. General The Board's wires, poles and apparatus, together with any interconnections thereof, are the exclusive property of the Board, and the connection of a Customer's Premises thereto does not entitle the Customer to any use thereof, except as permitted by the Board and as necessary for the delivery of the Board's service to the Customer. The use of any part of the Board's distribution or Transmission System without prior Board approval is expressly prohibited. 2. Authorized Attachments The Board may enter into a Pole Attachment Agreement providing joint use of certain of its wood poles for the purposes of providing telephone, CATV or other telecommunications services. The use of any pole by anyone, without first having entered into a written agreement with the Board is prohibited. The Board may also issue revocable permits to any person(s) or organization(s), seeking to attach any wire, cable, facility or apparatus for the transmission of telecommunications. Upon application for permit, the applicant shall pay a nonrefundable application fee as stated in Rule 15. Application shall be made to the System Integrity& Customer Projects Department of the Board. Any reconstruction work necessary to accommodate the Facilities of the applicant shall be done by the Board at the expense of the applicant. The annual pole rental fee shall be as stated in Rule 15. Poles found attached in the field without permission shall, at the Board's discretion, be removed in accordance with Rule 13.33 or be subject to a minimum of three years retroactive billing. The Board may exclude or limit certain Facilities from its poles. Furthermore, any poles that, in the opinion of the Board, are necessary for its sole use will be excluded from any pole attachment permit, joint use or rental agreements. 3. Unauthorized Use and Removal A. The unauthorized attachment (including painting or marking) of any signs, banners, lines, cables, equipment or any other matter to the Board's poles is prohibited. Authorization may be granted by the Board's General Manager or his designated representative based on purposes permitted by Michigan State law and requirements of governmental authority for the health, safety and welfare of the general public. B. The Board may remove or cause to be removed without notice any unauthorized foreign matter from its poles at the expense of the Customer, the person(s) attaching the unauthorized matter or, in the event neither can be identified, the individual, firm or organization which appears to be the primary sponsor, user or beneficiary of the unauthorized matter. The Board will observe reasonable precaution to prevent any damage resulting from such removal, but will not be liable for any damage thereto. Approved: 05/27/08 Effective: 07/01/08 Page 37 of 42 WATER Lansing Board of Parallel Power Sources MA � Water and Light Electric Rule and Regulation 14 Interconnection for Distribution Generators 1. General In order to provide for the safety of the Board's personnel and others and to assure reliability of electric service to all Customers, these requirements are established for operation of Customer generation in parallel with utility distribution systems. These requirements include all Customer systems under 100 kW. Systems 100 kW and over will be handled by the Board on an individual basis. All units over 10 kW must be three phase units unless specifically exempted. These requirements apply to both existing and proposed installations. 2. Approvals The Customer shall submit for Board approval, detailed electrical diagrams and equipment nameplate data, including the interface device and control systems of the Customer's power source. The completed installation must meet all local, state and national codes and is subject to inspection and test by the Board and local code enforcement authorities before commencement of parallel operation and such installation may be periodically inspected by the Board as required. The Customer shall obtain approval from the Board prior to making any revisions to the Customer's generating unit, its control systems or the interface between the two power systems after the initial installation. Control and Protection The Customer's control and protection system must be acceptable to the Board. The Customer's system shall provide for automatic separation from the Board's distribution system in the event of a short circuit or open circuit on the Board's distribution system. The Customer's control system shall also provide for automatic paralleling with the Board's system when conditions are proper for parallel operation. Manual paralleling is not permitted without prior approval of the Board. Over frequency, under frequency, over voltage and under voltage control may be required. The Customer shall be liable for damage or injury if any part of the Customer's protective scheme fails to function due to lack of proper maintenance or Customer negligence. The Customer is required to install a disconnecting device with a visible break suitable for use as a protective tag location so as to be accessible by Board personnel or its agents and in reasonable close proximity to the billing meter. This device shall accept a standard Board padlock and shall be located on the outside of all buildings. In no case shall the Customer tamper with or attempt to bypass the disconnect switch when the Board has locked it in the open position. Operation Should the parallel operation of the Customer's generating source cause interference or affect voltage, frequency or harmonic content of the Board's system or of another Customer's service, the Customer shall discontinue parallel operation until the condition has been corrected. The Customer will be charged for all costs associated with any alteration of the Board's equipment required for proper operation of the Customer's generating equipment in parallel with the Board's system. The Customer will also be liable for costs of future changes due to safety or adverse effects on the Board's and/or other Customer's systems. Approved:05/27/08 Effective: 07/01/08 Page 38 of42 WATER R�HT: Lansing Board of Parallel Power Sources so Water and Light Electric Rule and Regulation 14 Termination If the Customer does not meet all of the above requirements, the Board may require termination of parallel operation. Failure to terminate parallel operation when required shall be cause for the Board to interrupt electric service to the Customer. Contract The Customer must sign a contract with the Board before commencing parallel operation. In signing the contract, the Customer shall, among other things, accept liability for any damages or injuries caused by the Customer's parallel operation. Approved:05/27/08 Effective: 07/01/08 Page 39 of 42 WATE'�auk Lansing Board of Schedule of Fees & Charges so Water and Light Electric Rule and Regulation 15 Schedule of Fees & Charges ELECTRIC FEES and CHARGES Charge Description When Applied Charge Residential Underground Distribution When requested by Customer $3.50/ft Extension $7/ft for undeveloped lots Residential Underground Service When requested by Customer $4.50/ft Green space only,restoration not included. Installation S290 minimum requiring conduit,sidewalk crossing or other hindrances will be billed at time and material Commercial Underground Distribution When requested by Customer $7/ft Extension Commercial Underground Service When requested by Customer,restoration not included. 400 A or less and green space only $6.50/ft $525 minimum Multi-Dwelling Structure Single Phase 800 A or less $6.50/ft $525 minimum Transformer kVA Capacity Commercial or Industrial underground services with S l0/kVA padmounted transformation. Current and Potential Transformer When requested by Customer,401— 1000A S700 ea. Enclosure When requested by Customer,>100 1 A—1200A $1,200 ea. When requested by Customer,>1201 A—3000A $12,000 ea. Multiple secondary termination cabinet When requested by Customer,up to 3000A $9,500 ea. Secondary Service Termination Box BWL installed commercial services requested by customer $900 ea. with trough system 800 A or less on Multi-Dwelling Structures Temporary Service Overhead Install&remove service drop, 100 fit max, 200 A or less $500 ea. 201A to 400 A $700 ea. Temporary Service Overhead Install&remove service drop,exceeds t00 ft, At cost 400 A or not available Temporary Underground When requested by Customer, $375 ea. (Normal) Connection&disconnection only April l—December 14 Temporary Underground When requested by Customer, $550 ea. (Winter) Connection&disconnection only December 15—March 31 Secondary Riser Pole Charge When requested by Customer Single Phase 400 A or less $600 ea. Three Phase 400 A or less S850 ea. Site Inspection When applicable,per site inspection. $80 ea. Approved: 05/27/08 Effective: 07/01/08 Page 40 of 42 WATE®Ra®'r Lansing Board of Schedule of Fees & Charges smWater and Light Electric Rule and Regulation 15 ELECTRIC FEES and CHARGES Charge Description When Applied Charge Joint Use and Third Party,make ready and engineering At cost Pole Attachment Fees Annual fee $18 per attachment $340 minimum Application deposit,credited to make ready costs and $30 per pole engineering $600 minimum Joint Trench Charges To other utilities $2.10/ft if 3 joint users $2.85 /ft if 2 joint users $4.25 /ft if I joint user Winter charge may also apply. Conduit Delivery for Joint Facilities To other utilities when conduit is delivered to site for $2.00/ft if 2 joint users Installation road or drive crossing for installation by developer's in same conduit contractor or BWL for utilization by Joint user(s). $3.90/ft if 1 joint users Joint Conduit Push with BWL To other utilities to utilize separately installed conduit $21 /ft if 2 joint users in same conduit $31 /ft if I joint user Winter Construction Charge may apply. Joint Boring with BWL To other utilities to utilize separately installed flexible $23 /ft if 2 joint users in duct. same duct S34 /ft if l joint user Winter Construction Charge may apply. Winter Construction Charge December 15—March 31 $8.50 /ft In addition to normal charge Connect fee 7:30 a.m.—5:30 p.m.weekdays No charge After 5:30 p.m.on weekdays or weekends and holidays $130 Reconnection fee Each occurrence Non-pay(Normal hours) 7:30am—5:30 p.m.weekdays $25 Non-pay(Other than normal hours) After 5:30 p.m.on weekdays or weekends and holidays $130 Meter Tampering Any time $130 Cut at Pole Anytime $ 155 Security Deposits—Residential For all new and existing customers unless waived by $106 conditions stated in Rule 7. Security Deposits—Commercial& For all new and existing customers unless waived by 2 times average monthly Industrial conditions stated in Rule 7. bill Missed Appointment,No Show,No After second occurrence,then per occurrence $30 access Fee Approved: 05/27/08 Effective: 07/01/08 Page 41 of 42 WATEERS� Lansing Board of Schedule of Fees & Charges go -Water and Light Electric Rule and Regulation 15 ELECTRIC FEES and CHARGES Charge Description When Applied Charge Non Sufficient Funds(NSF)Fee For Non Sufficient Funds on Checks $30 Rate 5&8 Meter Non-compliance For each month of non-compliance with meter $80/month Charge requirements Meter Calibration Charge When Customer requested meter calibration check is $75 within plus or minus 2%accuracy OPL Disconnect/Reconnect When requested by customer $40 Charges other than published Relocations,damages,etc. At Cost Approved: 05/27/08 Effective: 07/01/08 Page 42 of 42 WATE�IGHT Lansing Board of Water and Light Rules and Regulations For Steam Service Approved: 05/27/08 Effective: 07/01/08 WATER Lansing Board of Table of Contents Water and Light TABLE OF CONTENTS PAGE NUMBER Definitions....................................................................................................................................................................4 GeneralProvisions.......................................................................................................................................................5 ServiceConditions.......................................................................................................................................................6 Characterof Service..................................................................................................................................................6 Descriptionof Service...............................................................................................................................................6 Availabilityof Service...........................................................................................................................................6 Agreements............................................................................................................................................................7 MaterialAvailability..............................................................................................................................................7 Useof Service...............................................................................................................................................................8 General......................................................................................................................................................................8 Accessand Damages.................................................................................................................................................8 CustomerPiping and Equipment...............................................................................................................................8 Steam Quality and Disturbances................................................................................................................................8 ImproperUse and Tampering....................................................................................................................................9 Discontinuationof Service........................................................................................................................................9 Metering.....................................................................................................................................................................10 General....................................................................................................................................................................10 Sizing/Installation/Ownership.................................................................................................................................10 EquipmentLocation................................................................................................................................................10 DamagedMeter.......................................................................................................................................................10 Applicationof Rates..................................................................................................................................................11 General....................................................................................................................................................................11 Resale......................................................................................................................................................................11 Choiceof Rates........................................................................................................................................................12 Billing......................................................................................................................................................................12 MinimumCharges...................................................................................................................................................12 Property Owner-Rental Agent Agreement for'Leave On'Service........................................................................12 Responsibilityfor Payment of Bills..........................................................................................................................13 General....................................................................................................................................................................13 EstimatedConsumption...........................................................................................................................................13 BillingErrors...........................................................................................................................................................13 AccountSecurity Deposits......................................................................................................................................14 Dispute and Hearing Procedure...............................................................................................................................16 Disputes...................................................................................................................................................................16 Hearings...................................................................................................................................................................16 DistributionSystem Extensions................................................................................................................................18 General....................................................................................................................................................................18 Request for Distribution System Extension.........................................................................................................18 Ownership............................................................................................................................................................18 Availability of Distribution System Extension....................................................................................................18 Installation of Distribution System Extension.....................................................................................................18 Adequate Temperature,Pressure and Flow Capacity..........................................................................................18 EconomicDevelopment Offsets..........................................................................................................................19 Easements and Tree Trimming/Removal Permits...............................................................................................19 Non-Standard Equipment....................................................................................................................................19 Non-Standard Construction.................................................................................................................................19 OtherFacilities....................................................................................................................................................19 Construction Date of Distribution System Extension..........................................................................................20 Steam Facility Relocations and Removals...............................................................................................................20 Services.......................................................................................................................................................................21 Approved: 05/27/2008 Page 2 of 28 Effective: 07/01/2008 WATER R&Lir- Lansing Board of Table of Contents Water and Light General....................................................................................................................................................................21 SteamService..........................................................................................................................................................21 General................................................................................................................................................................21 Customer Connections to Board Facilities..........................................................................................................22 CustomerSteam Piping.......................................................................................................................................22 Installation and Maintenance of Steam Services.................................................................................................23 Steam Facility Relocations and Removals...............................................................................................................23 Condensateand Master Trap...................................................................................................................................24 General....................................................................................................................................................................24 Condensate..............................................................................................................................................................24 MasterTrap.............................................................................................................................................................24 Condensate(Surge)Tanks.......................................................................................................................................25 By-pass Valve..........................................................................................................................................................25 SystemExtension&Service Deposit........................................................................................................................26 General....................................................................................................................................................................26 Distribution System Extension and Customer Steam Service.................................................................................26 Customer Steam Service Only.................................................................................................................................27 Scheduleof Fees&Charges......................................................................................................................................28 Approved: 05/27/2008 Page 3 of 28 Effective: 07/01/2008 WATE' R"-HT Lansing Board of Definitions sm Water and Light Steam Rule and Regulation 1 DEFINITIONS OF TERMS AND THEIR ABBREVIATIONS BOARD— When used in these Rules and Regulations, Board is an abbreviation meaning the Board of Water and Light. CUSTOMER— A purchaser of steam service supplied by the Board. CUSTOMER PIPING—A piping system owned or controlled by the Customer that conveys steam from the Service Location throughout the Customer's Premises. CUSTOMER STEAM SERVICE — Those pipes, valves and appurtenances installed between a Steam Main and Customer Piping. DEMAND— The rate of steam delivered at a given point. FACILITIES— A general term which includes pipes, fittings, valves, associated structures and the like, used as a part of or in connection with a steam installation. PERSON— Any individual, corporation, partnership, company, limited liability corporation, organization or governmental entity. PREMISES— A building and its grounds. RATE— The unit prices as established by the Board's rate-making body and the quantities to which they apply as specified in the Rate Schedule. RATE SCHEDULE — A filed statement of the steam Rate and the terms and conditions governing its application as established by the Board's rate-making body. SERVICE LOCATION—The point at which the Board has agreed to provide steam service to Customer Piping. SERVICE VALVE—The valve installed by the Board at the Service Location in the building. STEAM DISTRIBUTION SYSTEM — The system of Steam Mains, pipes, fittings, valves and all equipment and appurtenances thereto, necessary to distribute steam to Customer Steam Service. STEAM MAIN—A pipe owned and maintained by the Board that conveys steam to a Customer Steam Service. Approved: 05/27/2008 Page 4 of 28 Effective: 07/01/2008 WATER&LIGHT Lansing Board of General Provisions soWater and Light Steam Rule and Regulation 2 General Provisions Copies of the Board's Rate Schedules for steam service are open to public inspection at the Board's offices and are available on the Board's Internet Web site ww-w.lbwl.com or upon request. Application for original, modified or added service shall be made at the office of the Board of Water and Light at Utility Services, 730 East Hazel Street,Lansing. Any Person receiving or agreeing to receive steam service from Board Facilities shall be deemed a Customer of the Board subject to its Rates and these Rules and Regulations and responsible for the service used whether such service is provided under a signed agreement or not. Steam service will not be supplied to new or remodeled buildings until such installations comply with these Rules and Regulations. The Customer should contact the Board's System Integrity & Customer Projects Department to determine the characteristics of the steam service available at the Premises. The System Integrity & Customer Projects Department will inform the Customer of the Board's requirements, which must be fulfilled by the Customer, in order to receive steam service. The Board may discontinue steam service to any Customer for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Customer must pay a reconnection fee as stated in Rule 13 to cover the costs of restoring steam service that has been discontinued for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Board will release customer information in accordance with written customer authorization and Board policy This document is intended to cover most situations where standardized policies and practices have been established. No officer, agent or employee of the Board has authority to waive or modify the provisions of this document unless specifically authorized to do so by the Board of Commissioners. The Board of Commissioners may revise this document at any time and may modify or suspend any portion of it temporarily or permanently. Approved: 05/27/2008 Page 5 of 28 Effective: 07/01/2008 WATER�3UGH Lansing Board of Service Conditions Water and Light Steam Rule and Regulation 3 Service Conditions 1. Character of Service The Board produces and distributes saturated steam for public use throughout its service area and will endeavor, but does not guarantee, to furnish a continuous supply and to maintain steam temperature and pressure within reasonable limits. The Board shall not be liable for interruptions in the service including without limitation, variations in the service characteristics, or for any loss or damage of any kind or character occasioned thereby, due to causes or conditions beyond the Board's reasonable control, and such causes or conditions shall be deemed to specifically include, but not be limited to, the following: acts or omissions of Customers or third parties; operation of safety devices except when such operation is caused by the negligence of the Board; absence of an alternate supply of service; failure, malfunction, breakage, necessary repairs or inspection of machinery, Facilities or equipment when the Board has carried on a program of maintenance consistent with the general standards prevailing in the industry; act of God; war; action of the elements; storm or flood; fire; riot; sabotage; labor dispute or disturbance, or the exercise of authority or regulation by governmental or military authorities. Notwithstanding any other provision of these rules, the Board may interrupt or limit steam service to Customers without prior notice and in a manner that appears most equitable under the circumstances then prevailing or as necessary to protect the health, safety and welfare of its employees or Customers. The Board shall be under no liability with respect to any such interruption or limited supply. 2. Description of Service A. Availability of Service (1) Saturated steam service is available twelve(12)months a year to Customers in the City of Lansing except where the Board has determined it to be impractical to serve. (2) Low pressure steam service at pressures less than 15 pound per square inch (psig) is available where distribution mains are installed in a large portion of the downtown area. The pressure varies according to location, load conditions and ambient temperature,but generally is between 5 and 12 psig at building Service Valves. (3) Medium pressure steam service at pressures exceeding 15 psig is available in some portions of the service area. The pressure usually is 75 psig at building Service Valves but may vary from 25 psig to 125 psig according to location and load conditions. (4) High pressure steam service at pressures up to 275psig is available in some portions of the service area. (5) Steam service is not available where the Board must bring the Customer Steam Service across another parcel or lot in order to provide service. (6) In the case where there is more than one Steam Main capable of providing service, the Board shall determine which Steam Main will be used for service and the location of the Customer Steam Service connection. Approved: 05/27/2008 Page 6 of 28 Effective: 07/01/2008 WATEwATEERR&LL16HT Lansing Board of Service Conditions Water and Light Steam Rule and Regulation 3 B. Agreements The Board shall require the Customer to enter into a written agreement that details the terms and conditions and price to be paid by the Customer prior to steam service construction. In addition, the Board may negotiate written contractual arrangements as to the provision of necessary service Facilities, duration of service, amount of deposit and refunds thereon, minimum bills or other service conditions for Customers or prospective Customers whose load requirements exceed the capacity of the available distribution system in the area or whose load characteristics or special service needs require unusual investments by the Board in service Facilities or where there is not adequate assurance of the permanent use of the service. The Board may charge a Connect Fee when the Customer request the service to be made active outside normal business hours as specified in Rule 13. No promises, agreements or representations of any agent or employee of the Board shall be of binding force upon the Board unless the same is within the authority of that individual and incorporated in the written agreement. C. Material Availability Subject to the restrictions contained in Rule 3.2.A, the Board will construct steam distribution Facilities and extensions only in the event it is able to obtain or use the necessary materials, equipment and supplies. The Board may, in its discretion, allocate the use of such materials, equipment and supplies among the various classes of Customers and prospective Customers of the same class. Approved: 05/27/2008 Page 7 of 28 Effective: 07/01/2008 warE® Lansing Board of Use of Service 10Water and Light Steam Rule and Regulation 4 Use of Service 1. General Saturated steam is supplied to a Customer for exclusive use on the Premises to which it is delivered by the Board. Service may not be shared with another, sold to another, or transmitted off the Premises without the written permission of the Board, except as noted in Rule 6. Use of steam is only for the purposes authorized by the Board and is not to be extended to another building without authorization of the Board. 2. Access and Damages The Customer shall provide and maintain appropriate access and working space around steam Facilities in accordance with all applicable Board standards so as to permit ready and safe operation and maintenance of such Facilities. The Board's authorized personnel or agents of the Board shall have access to the Customer's Premises at all reasonable hours for all purposes necessary to conduct business, including without limitation: 1) install, inspect, read, repair, maintain, test or remove its meters 2) install, operate and maintain other Board equipment or Facilities, and 3) inspect service installations, Customer Piping, and to determine the connected steam Demand. If the meters, metering equipment or other Board property are damaged or destroyed through the neglect of the Customer, the cost of necessary repairs or replacements shall be the responsibility of the Customer. If, for any reason beyond its control, the Board is unable to read a meter, operate, maintain or make inspection, including but not limited to, reasons such as Premises being locked, meter being inaccessible or unsafe conditions, then after due written notice to the Customer, the steam service may be disconnected until such time as arrangements have been made to permit access for Board inspection and approval and the Customer has paid the appropriate reconnection fee as stated in Rule 13. 3. Customer Piping and Equipment The Board may deny or terminate service to any Customer whose Customer Piping or equipment constitutes a hazard to the Board's employees, equipment or its service to others. However, the Board is not responsible to inspect Customer Piping or equipment and shall not be held liable for any injury or damage resulting from the condition thereof. The Customer shall install and maintain the necessary facilities or devices to protect Customer owned equipment against service interruptions and other disturbances on the Board's system. Alterations to the Customer Steam Service or associated equipment are prohibited without approval of the Board. 4. Steam Quality and Disturbances The Customer shall operate equipment in a manner that does not cause surges, water hammer or other problems in the Steam Distribution System or to other Customers. If the Board notifies the Customer of such a condition, the Customer shall discontinue operation of equipment causing such condition until a correction has been made. Approved: 05/27/2008 Page 8 of 28 Effective: 07/01/2008 WATEER&_UGHT Lansing Board of Use of Service Y: - Water and Light Steam Rule and Regulation 4 5. Improper Use and Tampering Any person that uses steam without making proper application for steam service shall be responsible for all charges for steam service. The amount of such charges shall be determined by the Board either by meter readings or on the basis of calculated consumption for the time steam was used. If steam is being used by a Customer without proper application for service or steam service connection, the Board may discontinue service without notice. In case of such discontinuance of service, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 13 The Board may discontinue service and seek criminal charges, if it is determined that the meter or piping on the Customer's Premises has been tampered with or altered in any manner to steal steam. If the Board discontinues service for this reason, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 13, made appropriate restitution for stolen service and made provisions for metering and/or piping changes as may be required by the Board. 6. Discontinuation of Service A. Service may be voluntarily or involuntarily disconnected. (1)Voluntarily Service may be voluntarily disconnected per the Customer's request. The BWL recommends that the Customer or the Customer's representative be present for the disconnection to ensure complete shutoff. It can be difficult for the BWL to confirm that the service have been completely turned off if there is no one present at the premises during the shutoff. The Customer is responsible to advise the BWL if the shutoff was not entirely effective. (2) Involuntary Service may be involuntarily disconnected in the following instances: (a) Noncompliance with applicable Rules and Regulations; (b) Noncompliance with Municipal, State and or Federal law; or (c) Issuance of a Court Order Approved: 05/27/2008 Page 9 of 28 Effective: 07/01/2008 WATE-BHT Lansing Board of Metering Water and Light Steam Rule and Regulation 5 Metering 1. General All steam sold to Customers shall be measured by commercially acceptable measuring devices owned and maintained by the Board except where it is impractical to meter, such as for temporary or special installation, in which cases the consumption may be calculated. If for any reason all the steam used cannot be registered accurately as condensate, the unmetered portion shall be estimated by the Board on the basis of prior consumption or the operating characteristics of the building and equipment. 2. Sizing/Installation/Ownership A meter-set consisting of a gate valve, strainer, union, master trap and condensate meter shall be installed at the termination of the building's condensate piping system. The Customer shall furnish and install the gate valve, strainer, union and master trap according to the Board's specifications and standards. The Board shall furnish the condensate meter for installation by the Customer. The Board shall own and maintain the gate valve, strainer,union,master trap and condensate meter. The Board may furnish more than one meter for installation by the Customer, depending upon the total capacity needed, the system arrangement, or the number of Customers in the building. 3. Equipment Location A. The Customer shall provide, at no expense to the Board, a space/enclosure suitable to the Board for the installation of the necessary metering equipment. The Customer shall furnish the space and the provisions for mounting metering and service equipment to meet Board requirements. Inquiries regarding installation requirements should be directed to the Board's System Integrity& Customer Projects Department. B. The Customer shall locate metering equipment and master trap inside the building served in a well ventilated area with ample space for meter reading and maintenance. C. The Customer shall not place the meter in a pit below floor level, a rest room or on a platform higher than thirty (30) inches above the floor unless Board approved steps and platform are installed. D. The Customer shall fiumish a substantial, level, concrete, metal or wood support for the meter setting with enough space for the outlet piping and at least two (2) feet of unobstructed space directly above the meter. The elevation of the meter support shall not be less than eighteen (18)inches and not more than thirty(30) inches above the floor. 4. Damaged Meter The Customer shall be held liable for damage to the meter from acts of carelessness, negligence or willful damage by owner or his tenants. The Board will repair any meter so damaged, and the cost shall be billed to the Customer. Approved: 05/27/2008 Page 10 of 28 Effective: 07/01/2008 wATE Lansing Board of Application of Rates Water and Light Steam Rule and Regulation 6 Application of Rates 1. General Steam Rates are predicated upon the Board not being required to provide not more than one Customer Steam Service to a building or structure. The Board shall separately meter and separately bill service at different points or at different buildings or strictures unless specifically provided for in the applicable Rate Schedule. 2. Resale The owner or operator of an office building, apartment building, shopping mall, or similar stricture may purchase steam from the Board for resale to occupants on the condition that service to each occupant shall be metered separately and that the occupants may not be charged more for such service than the appropriate Rate of the Board available for similar service under like conditions. In order to qualify for resale to tenants, the owner or operator must state in writing their intent to resell in the application for service. The owner or operator shall be responsible for payment of purchased steam for resale as required by Rule 7. The Board shall have no obligation to furnish, test or maintain meters or other facilities for the resale of service by the reselling owner or operator to the occupant. Billing records of the owner or operator may be audited once every 12 to 18 month using generally accepted auditing practices. The audit shall be conducted by the Board or if the Board elects,by an independent auditing firm approved by the Board. The reselling owner or operator shall be assessed a reasonable fee for an audit conducted by the Board. The owner or operator providing the resale shall be responsible for testing of each occupant's meter at least once every 3 years. The accuracy of such meters shall be maintained within 2%. Meters shall be tested only by outside testing services or laboratories approved by the Board. A record of each meter, including testing results, shall be kept by the reselling owner or operator during the use of the meter and for an additional period of one year thereafter. When requested, the reselling owner operator shall submit certified copies of the meter test results and meter records to the Board. The reselling owner or operator shall render a bill once during each billing month to each of the occupants' or tenants in accordance with the appropriate Board Rate Schedule. Every bill rendered by the reselling owner or operator shall specify the following information; The Rate Schedule title, the due date, the beginning and ending meter reading of the billing period and the dates thereof; the difference between the meter readings; the amount due for services and/or commodity use, as applicable to the Rate; subtotal before taxes, sales tax, other taxes where applicable; the amount due for other authorized charges; and the total amount due. The due date shall be 21 days from the date of rendition. The reselling owner operator shall be responsible for all collections and payment disputes for resale occupants. The reselling owner or operator shall supply each occupant with a steam system adequate to meet the needs of the occupant with respect to the nature of service, pressure, and other conditions of service. Approved: 05/27/2008 Page I 1 of 28 Effective: 07/01/2008 WATER R&LIGH 10Lansing Board of Application of Rates Water and Light Steam Rule and Regulation 6 If the reselling owner or operator fails to meet the obligations of this rule, the Board will notify the appropriate authorities and after reviewing with the reselling owner or operator, the problem(s) is not resolved,the Board may declare the reselling owner or operator in violation of Rule 2. 3. Choice of Rates In some cases, the Customer may be eligible to take service under any one of two or more Rates. Upon request, the Board will advise the Customer in the selection of the Rate that will provide the lowest cost of service, based on the best available information, but the responsibility for the selection of the Rate shall be the sole responsibility of the Customer. After the Customer has selected a Rate, the Customer may not change from that Rate to another Rate until at least twelve (12) months have elapsed. The Customer shall not evade this rile by temporarily terminating service. The Board may waive the provisions of this paragraph where it appears that a change of the Rate is necessary for permanent rather than temporary or seasonal advantage. The intent of this rule is to prevent frequent changes from Rate to Rate. The Board shall not be responsible to refund the difference in charges under different Rates applicable to the same class of service, unless the Board provided an incorrect initial service turn- on Rate setting or unless the Customer makes a written request and has a permanent change in load profile. Any refiind is subject to Board approval. 4. Billing Customers having more than one meter shall have consumption computed by individual meter in accordance with the current Rate Schedule. 5. Minimum Charges A minimum charge,as defined by the Rate in effect, shall be applied to all services and billed to the Customer. Where the Customer requests that a service be discontinued, the Board shall deactivate the service by any appropriate means, including without limitation, removing the meter and by disconnecting the service from the Board's Steam Distribution System. 6. Property Owner-Rental Agent Agreement for"Leave On" Service The BWL may waive application charges to maintain continuity of service at rental property locations provided: (1) the landlord agrees in writing to assume the responsibility for steam service during the interim between tenants, and (2) the landlord is in compliance with all other rules and regulations of the Board. Approved: 05/27/2008 Page 12 of 28 Effective: 07/01/2008 WATE'—Ash Lansing Board of Responsibility for Payment of Bills Water and Light Steam Rule and Regulation 7 Responsibility for Payment of Bills 1. General Each Board Customer is responsible to pay all utility bills as rendered on or before the due date shown thereon. The Customer remains responsible for payment of the bills until the Customer orders service to be discontinued and the Board has had reasonable time to secure a final meter reading. Bills are rendered on approximately a monthly basis. Bills are mailed to Customers approximately fifteen (15) days before the due date shown on the bill. The Customer shall pay the net amount if paid on or before the due date on the bill. Failure on the part of the Customer, through no fault of the Board, to receive the bill shall not entitle the Customer to pay the net amount after the due date of the bill. If a bill remains unpaid after issuing a five (5) day written shut-off notice, the Board shall have the right to discontinue service. In extenuating circumstances, a Customer will be afforded the opportunity to make payment arrangements. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not in dispute. The Board may also require individual Customers to enter into a written `Billing Service Agreement," insuring that the Customer is responsible for all services used and rendered. The Board will charge a"Non Sufficient Funds Fee"in accordance with Rule 13 for returned checks. 2. Estimated Consumption Readings may be estimated when conditions warrant. Until reconciled by an actual reading, bills rendered on estimated consumption have the same force and effect as bills rendered on actual meter readings. 3. Billing Errors A. When an error is found to exist in the billing rendered to a Customer, the Board will correct such error to recover or refund the difference between the original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. B. When an error is found to exist in the billing of a contract or service agreement with or governing the Customer, the Board will correct such error to recover or refund the difference between original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. Approved: 05/27/2008 Page 13 of 28 Effective: 07/01/2008 WATE® Lansing Board of Responsibility for Payment of Bills Water and Light Steam Rule and Regulation 7 4. Account Security Deposits The Board shall require an account security deposit from any new or existing Customer with an unacceptable credit history with the Board.. The Board shall apply different rules to new Customers signing up for service in accordance with Rule 7.4.CB. The deposit is normally 2 times the average monthly bill (actual or estimated) as determined by the Board and shall be applied according to Rule 13. Security Deposits shall be administered in accordance with Custome Service established Standards and Guidelines The Board may waive deposits in special circumstances. The Board may also demand deposits larger than 2 times the average monthly bill if the Board determines that a Customer presents a higher than normal credit risk. A. Unacceptable credit history includes but is not limited to the following: (1) The Customer has deliberately misinformed or misrepresented facts to the Board. (2) The Customer misrepresents their identity. (3) The Customer fails to provide positive identification at the time of applying for service. (4) The Customer has diverted or interfered, in an unauthorized manner, with utility service in the past 6 years. (5) The Customer has had one or more payments canceled in the last 12 months due to: (1) non- sufficient funds returned check, (2) account closed returned check, (3) non-sufficient fiords bank bill, (4) account closed bank bill, (5) credit card reversal, (6) or other payment method cancellation. (6) The Customer has a prior account that is delinquent within the last 6 years. B. New Customers may not be required to submit a deposit,in any of the following situations: Residential Customers (1) The Customer has no service history with the Board and has been permitted into the Good Faith Deposit Program in accordance with Customer Service established Standards and Guidelines. (2) The Customer has previously established an acceptable payment history with the Board on a similar account. (3) The Customer's bill is paid by a governmental agency. (4) The Customer secures a guarantor; the guarantor has an acceptable payment history. (5) The Customer provides an acceptable surety bond. (6) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. Commercial and Industrial Customers (1) The Customer has previously established an acceptable payment history with the Board on a similar account. (2) The Customer's bill is paid by a governmental agency. (3) The Customer secures a guarantor; the guarantor has an acceptable payment history. (4) The Customer provides an acceptable surety bond. Approved: 05/27/2008 Page 14 of 28 Effective: 07/01/2008 WATE"-TIGHT Lansing Board of Responsibility for Payment of Bills ImWater and Light Steam Rule and Regulation 7 (5) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. The Board will refund deposits to all Customers who have taken service for 12 months and have an acceptable payment history. The Board will also refund deposits to Customers who have voluntarily terminated service and paid all charges due. The Board will pay simple interest accrued on Account Security Deposits held. No interest will be paid until the deposit is returned to the customer. The interest rate will be updated on July 1 of each year. The interest rate used to calculate interest will be the sum of the Federal Funds rate in effect on the last day of March of the current year phis.25%. Approved: 05/27/2008 Page 15 of 28 Effective: 07/01/2008 WATER IGHT Lansing Board of Dispute and Hearing Procedure MAWater and Light Steam Rule and Regulation 8 Dispute and Hearing Procedure 1. Disputes In accordance with the Lansing City Charter, the Board is required to provide a fair and equitable dispute and hearing process for its Customers as follows: A. When any Customer disputes a bill or service and the Board is so advised in writing, the date of the notice of dispute will be recorded. B. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not disputed. C. The disputed bill or service will be investigated promptly and completely. D. The Customer will be advised of the results of the investigation. E. An attempt will be made to resolve the dispute in a manner mutually satisfactory to both parties. F. The Board will provide the opportunity for each Customer to enter into a reasonable settlement agreement in order to mutually resolve the disputed claim or to satisfy any liability not in dispute. G. If a settlement cannot be reached between the Customer and the Board's Account Administrator, the Customer may choose to appear before the Board's Dispute Review Committee. The review will be scheduled within ten(10)days of the request or as mutually agreed to by both parties. H. If a settlement cannot be reached following examination by the Dispute Review Coni,:ruittee, the account will be referred to the Board's General Manager. I. If a settlement is not reached after review by the Board's General Manager, the Customer shall be afforded an opportunity for a hearing. J. The Customer shall be responsible for payment of all other bills or portions of bills as rendered which are not in dispute. 2. Hearings A. Any Customer who disputes the services provided or a billing for services fiimished in accordance with the Board's filed Rates, Rules and Regulations or established policies or procedures may request a hearing. If a hearing requested is based on a disputed past due bill, the request must be made within ten (10) calendar days following the final outcome of the dispute process. Any request for a hearing may be made in writing and received by the Board's corporate office at 1232 Haco Drive,Lansing,Michigan,48912. B. On receipt of a request for a hearing, the Board will forward this request to an independent Hearing Officer. The Hearing Officer will arrange a time for the hearing and advise both the Customer and the Board of the date, time and location in writing. The hearing will be scheduled during normal business hours. Failure of the Customer or Board to attend the hearing without due cause or prior request for adjournment will constitute a waiver of right of that party to the hearing. C. The Board and the Customer shall: (1) Have the right to be represented by Counsel or other persons of their choice. (2) Have the right to present evidence, testimony and oral and written argument. (3) Have the right to cross-examine witnesses appearing on behalf of the other party. Approved: 05/27/2008 Page 16 of 28 Effective: 07/01/2008 WATER Lansing Board of Dispute and Hearing Procedure .us Water and Light Steam Rule and Regulation 8 (4) Have the right to have the hearing recorded by a court reporter at the expense of the Customer. The Hearing Officer shall also have the right to have the hearing recorded by a court reporter. Recordings will be preserved at least six (6) months from the date of the hearing. All evidence relevant to the dispute will be received. D. For each hearing, the Hearing Officer shall compile a hearing record which will contain; (1) A concise statement in writing of the position of the Board in relation to the dispute. (2) A concise statement in writing of the position of the Customer in the dispute. (3) Copies of all evidence submitted by the parties. E. If a decision is reached during the hearing, the Hearing Officer shall state the decision to both parties. If the Hearing Officer does not reach a decision during the hearing, additional time will be allowed to reach a decision. When a decision has been reached, either at the hearing or later, the Hearing Officer will prepare a report which shall contain the following: (1) A concise summary of the evidence and argument presented by the parties. (2) The decision and a statement that the decision of the Hearing Officer was based solely on the evidence presented and reasons therefore. (3) Advise that the representatives of the Board and the Customer have a right to file an appeal with the Board of Commissioners. .(4) A statement as to any settlement agreement. (5) A statement that the dispute determination is binding on both parties unless appealed to the Board of Commissioners within ten(10) days of the date of mailing of decision,and that any request for appeal must be in writing to the Corporate Secretary. F. The Hearing Officer shall file the written report with the Board of Commissioners and the Mayor of the City of Lansing. A copy of the report shall be sent to the Customer via certified mail. G. If the dispute is unresolved and the decision appealed, the Hearing Officer shall make recommendations to the Board of Commissioners on the dispute. The Secretary of the Board will arrange a time for the appeal and advise both the Customer and the Board of the date, time and location in writing. Failure of the Customer to appear at the time set for the appeal without due cause, or to request an alternate date,will constitute a waiver of right to appeal. H. The Board of Commissioners shall report its final action on any unresolved disputes together with the Hearing Officer's report and recommendations to the Mayor and the City Council of Lansing, Michigan. I. The Mayor may make recommendations to the Board of Commissioners on each unresolved dispute. Approved: 05/27/2008 Page 17 of 28 Effective: 07/01/2008 WATE-IGHT Lansing Board of Distribution System Extensions INWater and Light Steam Rule and Regulation 9 Distribution System Extensions 1. General A. Request for Distribution System Extension Rule 9 sets forth the conditions under which the Board will extend its Steam Distribution System. B. Ownership The Board shall provide, own, maintain and specify all of its distribution Facilities including location. No ownership rights to Board Facilities shall pass to any owner(s), developer(s), or Customer(s)by reason of any contribution required hereunder. C. Availability of Distribution System Extension The Board shall in its sole discretion determine whether or not any particular Steam Distribution System extension shall be made, regardless of its intended use, and establish any special conditions or requirements that may apply, including but not limited to entering into an agreement with a developer,property owner(s) or Customer. Steam Distribution System extensions are generally available throughout the steam service area if the requested service will not disturb or impair service to prior users and is within or contiguous to areas presently served. D. Installation of Distribution System Extension All Steam Distribution System extensions shall be installed by the Board or its agent. Steam Distribution System extensions shall be installed in public right-of-way except in certain cases where, at the Board's discretion, they may be installed in dedicated recordable easements on private property at no cost to the Board. The Customer shall provide the Board a final preliminary approved site plan for Board review and approval. Installation of a Steam Distribution System extension will be initiated provided: (1) The Customer has entered into a written agreement with the Board for the construction of the Steam Distribution System extension. (2) The Customer has paid any deposits as required by Rule 7.4 and Rule 12 for the Steam Distribution System extension and any required system reinforcement. (3) Where applicable, the Customer has recorded the plat or final preliminary approval has been received, monuments or markers are in place, lot lines staked, sewers installed, streets at finished grade (before gravel and curb and gutter installation), sidewalk grading completed, and the ground in workable condition. (4) Construction during the winter season will only occur at the Board's discretion. E. Adequate Temperature,Pressure and Flow Capacity The Board shall not make Steam Distribution System extensions unless adequate temperature, pressure and flow capacity is available at the location of the Steam Distribution System extensions as determined by the Board. Approved: 05/27/2008 Page 18 of 28 Effective: 07/01/2008 WATER LIGHT i Lansing Board of Distribution System Extensions MAWater and Light Steam Rule and Regulation 9 Where a Steam Distribution System reinforcement is required to provide adequate temperature, pressure and flow capacity at the location of the Steam Distribution System extension, the Customer shall bear the cost of such Steam Distribution System reinforcement in accordance with Rule 12. F. Economic Development Offsets Where the Board determines that the Steam Distribution System extension will promote development that provides substantial and sustainable economic benefits to its Customers or the Lansing region, the Board will consider an offset to its fees and charges and/or an economic incentive subject to its availability. G. Easements and Tree Trimming/Removal Permits Where the Board has agreed to construct the Steam Distribution System extension in an easement and prior to such construction, the owner(s), developer(s) or Customer(s) shall be required to furnish, at no expense to the Board, recordable easements in a form satisfactory to the Board. The easement shall grant right-of-ways suitable for the ingress, egress and the installation and maintenance of the Steam Distribution System extension including any Steam Distribution System equipment as designed by the Board for present and future service. The owner, developer, or Customer shall also, in a form satisfactory to the Board, grant the Board permission to trim and remove trees as necessary to protect the integrity of its distribution system and the safety and welfare of its employees and the public. In the event the required easements and tree trimming and removal permits are not provided by the owner(s), developer(s) or Customer(s) for such extension, the Board may elect to construct all or any part thereof along public highways or other private property. In such event, the Board may require the owner(s), developer(s) or Customer(s) to pay the added construction expense occasioned by the use of such highways or other private property, plus any expense encountered in acquiring permits and easements on other private property when necessary to provide service to the owner(s), developer(s) or Customer(s). H. Non-Standard Equipment Where the Customer requests that the Board utilize equipment which differs from its normal specifications, purchased or installed, the Board may elect to provide such non- standard equipment with the Customer paying any additional cost. I. Non-Standard Construction Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. J. Other Facilities It will be the responsibility of the owner(s), developer(s) or Customer(s) to identify and provide locations of any existing privately owned underground facilities such as lawn sprinkler systems, field drainage systems, septic tanks, Customer owned electric lines, etc. If privately owned facilities are not properly located, the Board does not assume responsibility for any damage to these facilities. Approved: 05/27/2008 Page 19 of 28 Effective: 07/01/2008 WATE�HT Lansing Board of Distribution System Extensions 10Water and Light Steam Rule and Regulation 9 K. Construction Date of Distribution System Extension The Board, based on availability of work crews and material, and subject to approvals of the appropriate regulatory agencies, utilize best efforts in constructing the Steam Distribution System extension to meet a mutually agreed upon date. 2. Steam Facility Relocations and Removals: (1) At the request of a Customer or developer, or as required due to a conflict, or to meet Board Standards, the Board will relocate or remove its steam Facilities provided: A. The relocation or removal is feasible and meets Board Standards. B. The Customer or developer obtains approval from all Customers impacted by the proposed relocation. C. The relocation or removal does not degrade steam reliability or quality. D. All governmental approvals,permits and easements are obtained. Prior to any relocation or removal of steam Facilities, the Customer or developer shall be required to make a nonrefundable contribution in aid of construction. The aid in contribution of construction shall reimburse the Board for all relocation and removal costs including material, labor, the cost of breaking and repairing streets, walks, parking lots, driveways, etc., repairing lawns, replacing shrubs, flowers, etc., and any right-of-way costs as per this Rule 9, plus the cost of any necessary modifications to the Board's Steam Distribution System affected by the relocation or removal, less the salvage value of any portion of the steam Facilities removed. (2) If, at any time subsequent to completion of the Steam Distribution System extension, it is found that Steam Mains or related Facilities are not at the correct location or at the proper elevation due to changes beyond the control of the Board, the Customer or developer shall reimburse the Board to relocate Steam Mains or related Facilities to the correct location or at the proper elevation. Approved: 05/27/2008 Page 20 of 28 Effective: 07/01/2008 WATER LL�GHT Lansing Board of Services Im Water and Light Steam Rule and Regulation 10 Services 1. General: The Customer Steam Service shall be furnished, installed, owned and maintained by the Board. In the course of maintaining or repairing a Customer Steam Service, the Board shall bear no responsibility for damage incurred or restoration to areas where the Customer Steam Service passes under any area not readily accessible. The Customer shall be responsible for additional repair costs due to these encumbered services. The Service Location shall be specified by the Board and shall be located so that the Board's service Facilities meet or exceed all clearance requirements and applicable local codes. Should it become necessary for any cause beyond the Board's control to change the Service Location, the entire cost of any changes in the Customer's service shall be the responsibility of the Customer. Should it become necessary for the Board to reinforce or upgrade the Steam Distribution System to accommodate the requested service, a nonrefundable contribution in aid of construction may be required as determined by Rule 12. 2. Steam Service: A. General All steam supplied shall be condensed and piped to a condensate meter except where Board approval is given for reasonable or unavoidable exceptions such as humidifiers, steam tables, pressing equipment, cooking equipment, etc. A plot plan showing the proposed building size, location of service entrance and steam equipment to be supplied shall be submitted to the Board's System Integrity & Customer Projects Department for all service requests. Customer Steam Services shall be installed from the Steam Main to the Customer's building in the most direct manner. The pipe comprising the connection shall cross only that legally described property upon which the building to be serviced is located. It is the intent of the Board that all underground steam pipes be installed and maintained by the Board. However, where unusual or special circumstances exist, the Customer may request approval to install underground steam pipes. Applicants shall submit plans and specifications to the Board's System Integrity&Customer Projects Department for approval prior to installation. No person other than an authorized employee of the Board shall open or close the outside valve on the Customer Steam Service. No person except an authorized Board employee shall tap, revamp or connect to a Steam Main or any of the pipes comprising the Customer Steam Service. Approved: 05/27/2008 Page 21 of 28 Effective: 07/01/2008 WATE�GHT Lansing Board of Services so Water and Light Steam Rule and Regulation 10 B. Customer Connections to Board Facilities It shall be the Customer's responsibility to connect Customer Piping to the Customer Steam Service or meter-set. All work shall be in full compliance with all Board standards and applicable codes. The Customer shall install a Service Valve to control the entire steam supply to the building. This valve shall be installed within one foot of the outlet side of the Board's Service Valve and shall have ready access. The Customer shall not connect to the Customer Steam Service except at the outlet side of the Board Service Valve. C. Customer Steam Piping (1) General The Customer shall provide at least one automatic float type air vent for all systems except vacuum systems. The best location sometimes is in the condensate main. No Customer Piping shall depend upon the master trap for steam trapping or vent for air removal, except a single zone,one pipe, direct steam system. Customer Piping served with medium or high pressure steam shall be equipped with a pressure regulator, including a three valve by-pass and with a pressure relief valve. The relief valve shall have a capacity rating equal to the rating of the regulator, it is to be an ASME approved type, and shall discharge to the outside of the building or to a space in the building where little or no damage will occur if the valve operates. The proper relief setting depends upon the characteristics of the system. The Customer shall make sufficient provisions for the support, grade expansion, and contraction of pipe near the service connections. (2) Service Riser or Header Piping The total length of Customer's service riser or header piping shall be kept to a minimum, but in no case shall the length exceed twenty (20) feet from the Board's Service Valve. A gooseneck is required from the top of all service risers unless the grade of the service from the top of the riser to the first branch connection exceeds one diameter of the pipe. All service risers and header piping graded to the street main shall be insulated with at least one inch(I")thick standard pipe insulation. When more than one Customer is supplied from a single service, each Customer's branch connection shall have a valve for controlling his service. Each Customer will be supplied and metered independently, and access shall be provided to each individual Service Valve. The risers or branch connections to the individual Customer's valve shall be as short as practicable. When the length of the common header pipe exceeds twenty (20) feet the condensate shall be piped to a master trap and meter and the steam consumption assigned to the building owner or an occupant by the owner. Approved: 05/27/2008 Page 22 of 28 Effective: 07/01/2008 WATE—LI HT Lansing Board of Services Water and Light Steam Rule and Regulation 10 (3) Automatically Operated Valves Systems having an automatically operated valve which regulates the steam supply for more than one-third of the total installed capacity of space heating, space cooling, or domestic water heating shall be equipped with an adequately sized three valve by-pass around the automatic valve; unless the valve has a dependable, rapid, manual opening feature. The steam trap which serves the equipment shall also be equipped with a three valve by-pass. (4) By-Pass Valves All by-pass valves will be sealed in the closed position and shall not be operated except in emergencies. The Board's System Integrity & Customer Projects Department shall be notified any time a sealed by-pass valve is opened. D. Installation and Maintenance of Steam Services Installation of a steam service will be initiated provided: (1) The Customer has provided the Board a final preliminary approved site plan for Board review and approval. (2) The Customer has entered into a written agreement with the Board for the construction of the steam service. (3) The Customer has paid any deposits as required by Rule 7.4 and Rule 12 for the steam service. (4) Where applicable, the Customer shall have the plat recorded or final preliminary approval received, monuments or markers in place, lot lines staked, sewers installed, streets at finished grade (before gravel and curb and gutter installation), sidewalk grading completed, and the ground in workable condition. (5) Construction during the winter season will only occur at the Board's discretion. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. The Customer shall be responsible for additional repair costs due to encumbered Customer Steam Services or damage as a result of negligence, willful damage or carelessness by the Customer, owner or tenants. 3. Steam Facility Relocations and Removals: The Board will relocate or remove its steam Facilities in accordance with Rule 9.2. Approved: 05/27/2008 Page 23 of 28 Effective: 07/01/2008 WATER R� Lansing Board of Condensate and Traps Im Water and Light Steam Rule and Regulation 11 Condensate and Master Trap 1. General The only approved piping system consists of a single master trap and meter combination to serve an entire building. Systems designed for more than one master trap and meter combination in different parts of a building shall not be installed unless written approval has been obtained from the Board. Condensate disposal shall be the responsibility of the property owner once it passes through the Board's meter. All piping shall be supported so that none of its weight depends on the meter or master trap, except when the pipe length between the two is three(3) feet or less. 2. Condensate The Customer shall provide a condensate piping system in accordance with the following. (1) Pipes carrying condensate from the entire system supplied by each Customer's Service Valve shall be connected to a single pipe ahead of the master trap assembly or the pump receiving tank. (2) Provide a readily accessible screwed cap or plug and a valve slightly above and at each end of every concealed portion of piping or wherever leakage or the effects of leakage will not be obvious. Use copper or other non-ferrous pipe, without joints if practicable, for such piping. (3) When sections of the condensate piping depend on a water column to move the condensate, air loops or automatic vents ahead of the flooded portion shall be provided. (4) Unrestricted gravity flow, without pockets or lifts, should be provided wherever practicable. Unavoidable flooded portions, such as loops around doorways, are to be copper or other non- ferrous pipe. Where lifts are unavoidable, the maximum amount of lift to the master trap shall be determined by the characteristics of the system and approved by the Board before installation. (5) Sufficient drainage capacity shall be provided at the meter outlet to allow for gravity discharge at the maximum rate of condensate flow. Extend a short drain pipe riser loosely around the smaller meter outlet nipple wherever extension of the drain pipe is necessary to reach a floor drain or sewer. (The Board may strap the outlet piping to the meter support). 3. Master Trap For low, medium and high pressure systems except those equipped with a pump and surge tank, the Customer shall install a steam master trap ahead of the meter. The Customer shall in accordance with Board standards furnish and install the valve, strainer, and union just ahead of the trap inlet, and a union close to the trap outlet if the trap is not close to the meter inlet union. The trap may be at any convenient readily accessible location between the meter and the last branch connection into the condensate main. Capacity of the master trap, or traps, as rated by the Manufacturer shall be at least equal to the maximum condensate rate of the system at the maximum condensate (water column) pressure available, without flooding equipment, provided that this maximum pressure is not more than 48 inches. Approved: 05/27/2008 Page 24 of 28 Effective: 07/01/2008 WATER Lansing Board of Condensate and Traps Water and Light Steam Rule and Regulation 11 4. Condensate (Surge)Tanks The Customer shall provide a condensate (surge) tank instead of a master trap for systems which are equipped with a condensate pump or a vacuum pump. The volume of the tank shall be at least equal to the quantity of condensate discharged by the pump during two operations of the float-operated switch. The Customer shall also: (1) Install a valve in the single gravity discharge pipe from the bottom of the tank to the meter if the bottom of the tank is more than 12 inches above the meter inlet. (2) Provide a short, open vent pipe at the top of the tank, independent of the condensate inlet pipe. If the pump is a vacuum type, connect both the condensate and air discharge pipes to the top of the tank, independently. (3) Provide an emergency by-pass to a floor drain around the pump receiver. 5. By-pass Valve The Customer shall in accordance with Board standards install a 3 valve by-pass around the master trap for any system having a maximum load in excess of 2200 pounds per hour. Approved: 05/27/2008 Page 25 of 28 Effective: 07/01/2008 wnre-"r Lansing Board of System Extension & Service Deposit IM Water and Light Steam Rule and Regulation 12 System Extension & Service Deposit 1. General When application is made for steam service which requires the extension of the Board's existing Steam Distribution System, the Board will make such extensions when the estimated annual revenue, probable stability of the load and prospective load growth reasonably warrant the capital expenditure required. 2. Distribution System Extension and Customer Steam Service The Board shall bear the cost of an extension of its existing Steam Distribution System and installation of a Customer Steam Service up to one and one-half (1'/2) times the estimated annual revenue from Customers to be immediately served. Refunds Steam Distribution System extension deposits made with the Board shall be subject to refund without interest during the first five (5) twelve (12) month periods following the month in which each such extension is completed. Refunds will only be made to person(s) making the deposit and shall cease when they equal the amount deposited or at the close of the fifth twelve (12) month period following the month during which the line extension is completed, after which the Board shall have no further obligation to refund any remaining portion of the line extension deposit. The Board will refund to the party making the deposit an amount equal to one and one-half(I%2) times the estimated annual revenue for each additional new Customer who is furnished service from such extension. Reconciliation If at the end of three (3) years from the date which the Board deems the Customer Steam Service to be operational, the actual cost of the Steam Distribution System extension and Customer Steam Service exceeds the sum of three (3) years actual operating income, plus the Customer's contribution-in-aid to construction, the Customer shall pay the difference. Approved: 05/27/2008 Page 26 of 28 Effective: 07/01/2008 WATE-LIGHT Lansing Board of System Extension & Service Deposit so Water and Light Steam Rule and Regulation 12 3. Customer Steam Service Only The Board shall bear the cost of the installation of a Customer Steam Service up to one (1) times the estimated annual revenue from Customers to be immediately served. Reconciliation If at the end of one (1)year from the date which the Board deems the Customer Steam Service to be operational, the actual cost of the Customer Steam Service exceeds the sum of one (1) year actual operating income, plus the Customer's contribution-in-aid to construction, the Customer shall pay the difference. Approved: 05/27/2008 Page 27 of 28 Effective: 07/01/2008 WATE'�r Lansing Board of Schedule of Fees & Charges Im Water and Light Steam Rule and Regulation 13 Schedule of Fees& Charges STEAM FEES and CHARGES Charge Description When Applied Charge Security Deposits—Residential For all new customers unless waived by conditions S210 stated in Rule 7. Security Deposits—Commercial& For all new customers unless waived by conditions 2 times average monthly bill Industrial stated in Rule 7. Connect fee 7:30 a.m.—5:30 pm weekdays No charge After 5:30 pm on weekdays or weekends and $200 holidays Reconnection fee Non-pay or other(Normal hours) 7:30 a.m.—5:30 pm weekdays $80 Non-pay or other(Other than normal After 5:30 pm on weekdays or weekends and S200 hours) holidays Any time S200 Meter Tampering Missed Appointment,No Show,No After second occurrence,per occurrence $30 access Fee Non Sufficient Funds(NSF)Fee For Non Sufficient Funds on Checks $30 Charges other than those published Relocations,damages,etc. At cost Approved: 05/27/2008 Page 28 of 28 Effective: 07/01/2008 WATE® Lansing Board of Water and Light Rules and Regulations For Chilled Water Service Approved: 05/27/08 EFFECTNE: 07/01/08 WATER Lansing Board of Table of Contents Water and Light TABLE OF CONTENTS PAGE NUMBER Definitions....................................................................................................................................................................4 GeneralProvisions.......................................................................................................................................................5 ServiceConditions.......................................................................................................................................................6 Characterof Service..................................................................................................................................................6 Descriptionof Service...............................................................................................................................................6 Availabilityof Service...........................................................................................................................................6 Agreements............................................................................................................................................................7 MaterialAvailability..............................................................................................................................................7 Useof Service...................................................................... .......................... ................................... .........................8 General......................................................................................................................................................................8 Accessand Damages.................................................................................................................................................8 CustomerPiping and Equipment...............................................................................................................................8 Chilled Water Quality and Disturbances...................................................................................................................8 ImproperUse and Tampering....................................................................................................................................9 Discontinuationof Service........................................................................................................................................9 Metering.....................................................................................................................................................................10 General....................................................................................................................................................................10 Sizing/Installation/Ownership.................................................................................................................................10 EquipmentLocation................................................................................................................................................10 DamagedMeter.......................................................................................................................................................10 Applicationof Rates..................................................................................................................................................11 General....................................................................................................................................................................11 Resale......................................................................................................................................................................11 Billing......................................................................................................................................................................12 MinimumCharges...................................................................................................................................................12 Property Owner-Rental Agent Agreement for'Leave On'Service........................................................................12 Responsibilityfor Payment of Bills..........................................................................................................................13 General....................................................................................................................................................................13 EstimatedConsumption...........................................................................................................................................13 BillingErrors......................... .................................................................................................................................13 AccountSecurity Deposits......................................................................................................................................14 Disputeand Hearing Procedure...............................................................................................................................16 Disputes...................................................................................................................................................................16 Hearings...................................................................................................................................................................16 DistributionSystem Extensions................................................................................................................................18 General....................................................................................................................................................................18 Request for Distribution System Extension.........................................................................................................18 Ownership............................................................................................................................................................18 Availability of Distribution System Extension....................................................................................................18 Installation of Distribution System Extension.....................................................................................................18 Adequate Temperature,Pressure and Flow Capacity..........................................................................................18 EconomicDevelopment Offsets..........................................................................................................................19 Easements and Tree Trimming/Removal Permits...............................................................................................19 Non-Standard Equipment....................................................................................................................................19 Non-Standard Construction.................................................................................................................................19 OtherFacilities....................................................................................................................................................19 Construction Date of Distribution System Extension..........................................................................................20 Chilled Water Facility Relocations and Removals..................................................................................................20 Services.......................................................................................................................................................................21 General....................................................................................................................................................................21 Approved:05/27/2008 Effective: 07/01/2008 WATER R� Lansing Board of Table of Contents Water and Light ChilledWater Service..............................................................................................................................................21 General................................................................................................................................................................21 Customer Connections to Board Facilities..........................................................................................................22 CustomerChilled Water Piping...........................................................................................................................22 Installation and Maintenance of Chilled Water Services.....................................................................................22 Chilled Water Facility Relocations and Removals..................................................................................................22 SystemExtension&Service Deposit........................................................................................................................23 General....................................................................................................................................................................23 Distribution System Extension and Customer Chilled Water Service.....................................................................23 CustomerChilled Water Service Only....................................................................................................................23 Scheduleof Fees&Charges......................................................................................................................................24 Approved:05/27/2008 Effective: 07/01/2008 WATEER&— Lansing Board of Definitions I= Water and Light Chilled Water Rule and Regulation 1 DEFINITIONS OF TERMS AND THEIR ABBREVIATIONS BOARD— When used in these Rules and Regulations, Board is an abbreviation meaning the Board of Water and Light. BTU- British Thermal Unit, the heat necessary to raise one pound of water one degree Fahrenheit. CHILLED WATER DISTRIBUTION SYSTEM — The system of Chilled Water Mains, pipes, fittings, valves and all equipment and appurtenances thereto, necessary to distribute chilled water to Customer Chilled Water Service. CHILLED WATER MAIN—The pipes owned and maintained by the Board that conveys chilled water to and from a Customer Chilled Water Service. CUSTOMER— A purchaser of chilled water service supplied by the Board. CUSTOMER PIPING—A piping system owned or controlled by the Customer that conveys chilled water from the Service Location throughout the Customer's Premises. CUSTOMER CHILLED WATER SERVICE—Those pipes, valves and appurtenances installed between a Chilled Water Main and Customer Piping. DEMAND— The rate of chilled water delivered at a given point in Tons of refrigeration. FACILITIES— A general term which includes pipes, fittings, valves, associated structures and the like, used as a part of or in connection with a chilled water installation. PERSON— Any individual, corporation, partnership, company, limited liability corporation, organization or governmental entity. PREMISES— A building and its grounds. RATE— The unit prices as established by the Board's rate-making body and the quantities to which they apply as specified in the Rate Schedule. RATE SCHEDULE—A filed statement of the chilled water Rate and the terms and conditions governing its application as established by the Board's rate-making body. RTU- Remote Telemetry Unit housing Board owned Chilled Water metering and monitoring equipment. SERVICE LOCATION — The point at which the Board has agreed to provide chilled water service to Customer Piping. SERVICE VALVES — The valves installed by the Board at the Service Location at the customers property line. TON- A unit of refrigeration. One Ton equals to 12,000 BTU/hr. Approved:05/27/2008 Effective: 07/01/2008 WArEER&LIGHT Lansing Board of General Provisions Water and Light Chilled Water Rule and Regulation 2 General Provisions Copies of the Board's Rate Schedules for chilled water service are open to public inspection at the Board's offices and are available on the Board's Internet Web site www.lbwl.com or upon request. Application for original, modified or added service shall be made at the office of the Board of Water and Light, Utility Services,at 730 East Hazel Street,Lansing. Any Person receiving or agreeing to receive chilled water service from Board Facilities shall be deemed a Customer of the Board subject to its Rates and these Rules and Regulations and responsible for the service used whether such service is provided under a signed agreement or not. Chilled water service will not be supplied to new or remodeled buildings until such installations comply with these Rules and Regulations. The Customer should contact the Board's System Integrity & Customer Projects Department to determine the characteristics of the chilled water service available at the Premises. The System Integrity& Customer Projects Department will inform the Customer of the Board's requirements, which must be fulfilled by the Customer,in order to receive chilled water service. The Board may discontinue chilled water service to any Customer for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Customer must pay a reconnection fee as stated in Rule 12 to cover the costs of restoring chilled water service that has been discontinued for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Board will release customer information in accordance with written customer authorization and Board policy This document is intended to cover most situations where standardized policies and practices have been established. No officer, agent or employee of the Board has authority to waive or modify the provisions of this document unless specifically authorized to do so by the Board of Commissioners. The Board of Commissioners may revise this document at any time and may modify or suspend any portion of it temporarily or permanently. Approved: 05/27/2008 Effective: 07/01/2008 WATE�HT Lansing Board of Service Conditions Water and Light Chilled Water Rule and Regulation 3 Service Conditions 1. Character of Service The Board produces and distributes chilled water for public use throughout its service area and will endeavor, but does not guarantee, to furnish a continuous supply and to maintain chilled water temperature and pressure within reasonable limits. The Board shall not be liable for interruptions in the service including without limitation, variations in the service characteristics, or for any loss or damage of any kind or character occasioned thereby, due to causes or conditions beyond the Board's reasonable control, and such causes or conditions shall be deemed to specifically include, but not be limited to, the following: acts or omissions of Customers or third parties; operation of safety devices except when such operation is caused by the negligence of the Board; loss of electrical power needed to operate the Board's control valve, metering, and monitoring equipment; absence of an alternate supply of service; failure, malfunction, breakage, necessary repairs or inspection of machinery,Facilities or equipment when the Board has carried on a program of maintenance consistent with the general standards prevailing in the industry; act of God; war; action of the elements; storm or flood; fire; riot; sabotage; labor dispute or disturbance, or the exercise of authority or regulation by governmental or military authorities. Notwithstanding any other provision of these rules, the Board may interrupt or limit chilled water service to Customers without prior notice and in a manner that appears most equitable under the circumstances then prevailing or as necessary to protect the health, safety and welfare of its employees or Customers. The Board shall be under no liability with respect to any such interruption or limited supply. 2. Description of Service A. Availability of Service (1) Chilled water service is available twelve (12) months a year to Customers in the City of Lansing except where the Board has determined it to be impractical to serve. (2) The Board will endeavor to deliver Chilled Water Service at a maximum supply temperature not to exceed 44 degrees Fahrenheit. (3) The Board will endeavor to deliver Chilled Water Service with maximum pressure not to exceed 120 psig and minimum pressure of not less than 100 psig. (4) Chilled water service is not available where the Board must bring the Customer Chilled Water Service across another parcel or lot in order to provide service. (5) In the case where there is more than one Chilled Water Main capable of providing service, the Board shall determine which Chilled Water Main will be used for service and the location of the Customer Chilled Water Service connection. Approved:05/27/2008 Effective: 07/01/2008 WATER&LI- Lansing Board of Service Conditions IN Water and Light Chilled Water Rule and Regulation 3 B. Agreements The Board shall require the Customer to enter into a written agreement that details the terms and conditions and price to be paid by the Customer prior to chilled water service construction. In addition, the Board may negotiate written contractual arrangements as to the provision of necessary service Facilities, duration of service, amount of deposit and refunds thereon, minimum bills or other service conditions for Customers or prospective Customers whose load requirements exceed the capacity of the available distribution system in the area or whose load characteristics or special service needs require unusual investments by the Board in service Facilities or where there is not adequate assurance of the permanent use of the service. The Board may charge a Connect Fee when the Customer request the service to be made active outside normal business hours as specified in Rule 12. No promises, agreements or representations of any agent or employee of the Board shall be of binding force upon the Board unless the same is within the authority of that individual and incorporated in the written agreement. C. Material Availability Subject to the restrictions contained in Rule 3.2.A, the Board will constrict chilled water distribution Facilities and extensions only in the event it is able to obtain or use the necessary materials, equipment and supplies. The Board may, in its discretion, allocate the use of such materials, equipment and supplies among the various classes of Customers and prospective Customers of the same class. Approved:05/27/2008 Effective: 07/01/2008 WATE- Lansing Board of Use of Service IM Water and Light Chilled Water Rule and Regulation 4 Use of Service 1. General Chilled water is supplied to a Customer for exclusive use on the Premises to which it is delivered by the Board. Service may not be shared with another, sold to another, or transmitted off the Premises without the written permission of the Board,except as noted in Rule 6. Use of chilled water is only for the purposes authorized by the Board and is not to be extended to another building without authorization of the Board. 2. Access and Damages The Customer shall provide and maintain appropriate access and working space around chilled water Facilities in accordance with all applicable Board standards so as to permit ready and safe operation and maintenance of such Facilities. The Board's authorized personnel or agents of the Board shall have access to the Customer's Premises at all reasonable hours for all purposes necessary to conduct business, including without limitation: 1) install, inspect, read, repair, maintain, test or remove its meters and fiber optics 2) install, operate and maintain other Board equipment or Facilities, and 3) inspect service installations, Customer Piping, and to determine the connected chilled water Demand. If the meters, metering equipment or other Board property are damaged or destroyed through the neglect of the Customer, the cost of necessary repairs or replacements shall be the responsibility of the Customer. If, for any reason beyond its control, the Board is unable to read a meter, operate, maintain or make inspection, including but not limited to, reasons such as Premises being locked, meter being inaccessible or unsafe conditions, then after due written notice to the Customer, the chilled water service may be disconnected until such time as arrangements have been made to permit access for Board inspection and approval and the Customer has paid the appropriate reconnection fee as stated in Rule 12. 3. Customer Piping and Equipment The Board may deny or terminate service to any Customer whose Customer Piping or equipment constitutes a hazard to the Board's employees, equipment or its service to others. However, the Board is not responsible to inspect Customer Piping or equipment and shall not be held liable for any injury or damage resulting from the condition thereof. The Customer shall install and maintain the necessary facilities or devices to protect Customer owned equipment against service interruptions and other disturbances on the Board's system. Alterations to the Customer Chilled Water Service or associated equipment are prohibited without approval of the Board. 4. Chilled Water Quality and Disturbances The Customer shall operate equipment in a manner that does not cause surges, water hammer or other problems in the Chilled Water Distribution System or to other Customers. If the Board notifies the Customer of such a condition, the Customer shall discontinue operation of equipment causing such condition until a correction has been made. Approved:05/27/2008 Effective: 07/01/2008 WATE—tIc�hr Lansing Board of Use of Service so Water and Light Chilled Water Rule and Regulation 4 5. Improper Use and Tampering Any person that uses chilled water without making proper application for chilled water service shall be responsible for all charges for chilled water service. The amount of such charges shall be determined by the Board either by meter readings or on the basis of calculated consumption for the time chilled water was used. If chilled water is being used by a Customer without proper application for service or chilled water service connection, the Board may discontinue service without notice. In case of such discontinuance of service, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 12. The Board may discontinue service and seek criminal charges, if it is determined that the meter or piping on the Customer's Premises has been tampered with or altered in any manner to steal chilled water. If the Board discontinues service for this reason, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 12, made appropriate restitution for stolen service and made provisions for metering and/or piping changes as may be required by the Board. 6. Discontinuation of Service A. Service may be voluntarily or involuntarily disconnected. (1)Voluntarily Service may be voluntarily disconnected per the Customer's request. The BWL recommends that the Customer or the Customer's representative be present for the disconnection to ensure complete shutoff. It can be difficult for the BWL to confirm that the service have been completely turned off if there is no one present at the premises during the shutoff. The Customer is responsible to advise the BWL if the shutoff was not entirely effective. (2) Involuntary Service may be involuntarily disconnected in the following instances: (a) Noncompliance with applicable Rules and Regulations; (b) Noncompliance with Municipal, State and or Federal law; or (c) Issuance of a Court Order. Approved: 05/27/2008 Effective: 07/01/2008 WATER&L�IGHT Lansing Board of Metering Water and Light Chilled Water Rule and Regulation 5 Metering 1. General All chilled water sold to Customers shall be measured by commercially acceptable measuring devices owned and maintained by the Board except where it is impractical to meter, such as for temporary or special installation, in which cases the consumption may be calculated. If for any reason all the chilled water used cannot be registered accurately the unmetered portion shall be estimated by the Board on the basis of prior consumption or the operating characteristics of the building and equipment. 2. Sizing/Installation/Ownership The Board shall fiimish, own and maintain metering and monitoring equipment consisting of RTU cabinet, temperature elements and transmitters, flow transmitters, differential pressure transmitters, and temperature control valves for installation by the Customer. The Customer shall provide two 120 VAC 20 AMP power circuits to the RTU cabinet. The Board shall install, own and maintain all communication and control wiring for the metering and monitoring equipment. 3. Equipment Location A. The Customer shall provide, at no expense to the Board, a space/enclosure suitable to the Board for the installation of the necessary metering equipment. The Customer shall furnish the space and the provisions for mounting metering and service equipment to meet Board requirements. Inquiries regarding installation requirements should be directed to the Board's System Integrity& Customer Projects Department. B. The Customer shall locate metering equipment inside the building served in a well ventilated area with ample space for meter reading and maintenance. C. The Customer shall not place metering equipment in a pit below floor level, in a rest room or on a platform higher than thirty (30) inches above the floor unless Board approved steps and platform are installed. 4. Damaged Meter The Customer shall be held liable for damage to the metering and monitoring equipment, and communication and control wiring from acts of carelessness, negligence or willful damage by owner or his tenants. The Board will repair any meter so damaged, and the cost shall be billed to the Customer. Approved:05/27/2008 Effective: 07/0 l/2008 WATE�UGHT Lansing Board of Application of Rates NaWater and Light Chilled Water Rule and Regulation 6 Application of Rates 1. General Chilled Water Rates are predicated upon the Board not being required to provide not more than one Customer Chilled Water Service to a building or structure. The Board shall separately meter and separately bill service at different points or at different buildings or structures unless specifically provided for in the applicable Rate Schedule. 2. Resale The owner or operator of an office building, apartment building, shopping mall, or similar structure may purchase chilled water from the Board for resale to occupants on the condition that service to each occupant shall be metered separately and that the occupants may not be charged more for such service than the appropriate Rate of the Board available for similar service under like conditions. In order to qualify for resale to tenants,the owner or operator must state in writing their intent to resell in the application for service. The owner or operator shall be responsible for payment of purchased chilled water for resale as required by Rule 7. The Board shall have no obligation to furnish, test or maintain meters or other facilities for the resale of service by the reselling owner or operator to the occupant. Billing records of the owner or operator may be audited once every 12 to 18 month using generally accepted auditing practices. The audit shall be conducted by the Board or if the Board elects,by an independent auditing firm approved by the Board. The reselling owner or operator shall be assessed a reasonable fee for an audit conducted by the Board. The owner or operator providing the resale shall be responsible for testing of each occupant's meter at least once every 3 years. The accuracy of such meters shall be maintained within 2%. Meters shall be tested only by outside testing services or laboratories approved by the Board. A record of each meter, including testing results, shall be kept by the reselling owner or operator during the use of the meter and for an additional period of one year thereafter. When requested, the reselling owner operator shall submit certified copies of the meter test results and meter records to the Board. The reselling owner or operator shall render a bill once during each billing month to each of the occupants' or tenants in accordance with the appropriate Board Rate Schedule. Every bill rendered by the reselling owner or operator shall specify the following information; The Rate Schedule title, the due date, the beginning and ending meter reading of the billing period and the dates thereof, the difference between the meter readings; the amount due for services and/or commodity use, as applicable to the Rate; subtotal before taxes, sales tax, other taxes where applicable; the amount due for other authorized charges; and the total amount due. The due date shall be 21 days from the date of rendition. The reselling owner operator shall be responsible for all collections and payment disputes for resale occupants. The reselling owner or operator shall supply each occupant with a chilled water system adequate to meet the needs of the occupant with respect to the nature of service, and other conditions of service. Approved: 05/27/2008 Effective: 07/01/2008 WATER RR&L® Lansing Board of Application of Rates Water and Light Chilled Water Rule and Regulation 6 If the reselling owner or operator fails to meet the obligations of this rule, the Board will notify the appropriate authorities and after reviewing with the reselling owner or operator, the problem(s) is not resolved, the Board may declare the reselling owner or operator in violation of Rule 2. The renting of Premises with the cost of chilled water service included in the rental as an incident of tenancy will not be considered a resale of such service. 3. Billing Customers having more than one meter shall have consumption computed by individual meter in accordance with the current Rate Schedule and contract. 4. Minimum Charges A minimum charge, as defined by the Rate in effect, shall be applied to all services and billed to the Customer. Where the Customer requests that a service be discontinued, the Board shall deactivate the service by any appropriate means, including without limitation, removing the metering devices and by disconnecting the service from the Board's Chilled Water Distribution System. 5. Property Owner-Rental Agent Agreement for"Leave On"Service The BWL may waive application charges to maintain continuity of service at rental property locations provided: (1) the landlord agrees in writing to assume the responsibility for chilled water service during the interim between tenants, and(2) the landlord is in compliance with all other rules and regulations of the Board. Approved:05/27/2008 Effective: 07/01/2008 WATE'—GHT Lansing Board of Responsibility for Payment of Bills Water and Light Chilled Water Rule and Regulation 7 Responsibility for Payment of Bills 1. General Each Board Customer is responsible to pay all utility bills as rendered on or before the due date shown thereon. The Customer remains responsible for payment of the bills until the Customer orders service to be discontinued and the Board has had reasonable time to secure a final meter reading. Bills are rendered on approximately a monthly basis. Bills are mailed to Customers approximately fifteen (15) days before the due date shown on the bill. The Customer shall pay the net amount if paid on or before the due date on the bill. Failure on the part of the Customer,through no fault of the Board, to receive the bill shall not entitle the Customer to pay the net amount after the due date of the bill. If a bill remains unpaid after issuing a five (5) day written shut-off notice, the Board shall have the right to discontinue service. In extenuating circumstances, a Customer will be afforded the opportunity to make payment arrangements. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not in dispute. The Board may also require individual Customers to enter into a written "Billing Service Agreement,"insuring that the Customer is responsible for all services used and rendered. The Board will charge a"Non Sufficient Funds Fee"in accordance with Rule 12 for returned checks. 2. Estimated Consumption Readings may be estimated when conditions warrant. Until reconciled by an actual reading, bills rendered on estimated consumption have the same force and effect as bills rendered on actual meter readings. 3. Billing Errors A. When an error is found to exist in the billing rendered to a Customer, the Board will correct such error to recover or refund the difference between the original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. B. When an error is found to exist in the billing of a contract or service agreement with or governing the Customer, the Board will correct such error to recover or refund the difference between original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. Approved:05/27/2008 Effective: 07/01/2008 WATER ELIGHT Lansing Board of Responsibility for Payment of Bills Water and Light Chilled Water Rule and Regulation 7 4. Account Security Deposits The Board shall require an account security deposit from any new or existing Customer with an unacceptable credit history with the Board. The Board shall apply different rules to new Customers signing up for service in accordance with Rule 7.4.13. The deposit is normally 2 times the average monthly bill (actual or estimated) as determined by the Board and shall be applied according to Rule 15. Security Deposits shall be administered in accordance with Customer Service established Standards and Guidelines. The Board may waive deposits in special circumstances. The Board may also demand deposits larger than 2 times the average monthly bill if the Board determines that a Customer presents a higher than normal credit risk. Unacceptable credit history includes but is not limited to the following: (1) The Customer has deliberately misinformed or misrepresented facts to the Board. (2) The Customer misrepresents their identity. (3) The Customer fails to provide positive identification at the time of applying for service. (4) The Customer has diverted or interfered, in an unauthorized manner, with utility service in the past 6 years. (5) The Customer has had one or more payments canceled in the last 12 months due to: (1) non- sufficient funds returned check, (2) account closed returned check, (3) non-sufficient funds bank bill, (4) account closed bank bill, (5) credit card reversal, (6) or other payment method cancellation. (6) The Customer has a prior account that is delinquent within the last 6 years. B. New Customers may not be required to submit a deposit, in any of the following situations: Residential Customers (1) The Customer has no service history with the Board and has been permitted into the Good Faith Deposit Program in accordance with Customer Service established Standards and Guidelines. (2) The Customer has previously established an acceptable payment history with the Board on a similar account. (3) The Customer's bill is paid by a governmental agency. (4) The Customer secures a guarantor with a similar account and an acceptable payment history. (5) The Customer provides an acceptable surety bond. (6) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. Commercial and Industrial Customers (1) The Customer has previously established an acceptable payment history with the Board on a similar account. (2) The Customer's bill is paid by a governmental agency. (3) The Customer secures a guarantor with a similar account and an acceptable payment history. (4) The Customer provides an acceptable surety bond. Approved: 05/27/2008 Effective: 07/01/2008 wArE Lansing Board of Responsibility for Payment of Bills Water and Light Chilled Water Rule and Regulation 7 (5) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. The Board will refund deposits to all Customers who have taken service for 12 months and have an acceptable payment history. The Board will also refund deposits to Customers who have voluntarily terminated service and paid all charges due. The Board will pay simple interest accrued on Account Security Deposits held. No interest will be paid until the deposit is returned to the customer. The interest rate will be updated on July 1 of each year. The interest rate used to calculate interest will be the sum of the Federal Funds rate in effect on the last day of March of the current year plus .25%. Approved:05/27/2008 Effective: 07/01/2008 WATE�HT Lansing Board of Dispute and Hearing Procedure Water and Light Chilled Water Rule and Regulation 8 Dispute and Hearing Procedure 1. Disputes In accordance with the Lansing City Charter, the Board is required to provide a fair and equitable dispute and hearing process for its Customers as follows: A. When any Customer disputes a bill or service and the Board is so advised in writing, the date of the notice of dispute will be recorded. B. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not disputed. C. The disputed bill or service will be investigated promptly and completely. D. The Customer will be advised of the results of the investigation. E. An attempt will be made to resolve the dispute in a manner mutually satisfactory to both parties. F. The Board will provide the opportunity for each Customer to enter into a reasonable settlement agreement in order to mutually resolve the disputed claim or to satisfy any liability not in dispute. G. If a settlement cannot be reached between the Customer and the Board's Account Administrator, the Customer may choose to appear before the Board's Dispute Review Committee. The review will be scheduled within ten(10)days of the request or as mutually agreed to by both parties. H. If a settlement cannot be reached following examination by the Dispute Review Committee, the account will be referred to the Board's General Manager. I. If a settlement is not reached after review by the Board's General Manager, the Customer shall be afforded an opportunity for a hearing. J. The Customer shall be responsible for payment of all other bills or portions of bills as rendered which are not in dispute. 2. Hearings A. Any Customer who disputes the services provided or a billing for services furnished in accordance with the Board's filed Rates, Rules and Regulations or established policies or procedures may request a hearing. If a hearing requested is based on a disputed past due bill, the request must be made within ten (10) calendar days following the final outcome of the dispute process. Any request for a hearing may be made in writing and received by the Board's corporate office at 1232 Haco Drive, Lansing,Michigan,48912. B. On receipt of a request for a hearing, the Board will forward this request to an independent Hearing Officer. The Hearing Officer will arrange a time for the hearing and advise both the Customer and the Board of the date, time and location in writing. The hearing will be scheduled during normal business hours. Failure of the Customer or Board to attend the hearing without due cause or prior request for adjournment will constitute a waiver of right of that party to the hearing. C. The Board and the Customer shall: (1) Have the right to be represented by Counsel or other persons of their choice. (2) Have the right to present evidence, testimony and oral and written argument. (3) Have the right to cross-examine witnesses appearing on behalf of the other party. Approved:05/27/2008 Effective: 07/01/2008 WATE'A'aLIGHT Lansing Board of Dispute and Hearing Procedure Water and Light Chilled Water Rule and Regulation 8 (4) Have the right to have the hearing recorded by a court reporter at the expense of the Customer. The Hearing Officer shall also have the right to have the hearing recorded by a court reporter. Recordings will be preserved at least six (6) months from the date of the hearing. All evidence relevant to the dispute will be received. D. For each hearing, the Hearing Officer shall compile a hearing record which will contain; (1) A concise statement in writing of the position of the Board in relation to the dispute. (2) A concise statement in writing of the position of the Customer in the dispute. (3) Copies of all evidence submitted by the parties. E. If a decision is reached during the hearing, the Hearing Officer shall state the decision to both parties. If the Hearing Officer does not reach a decision during the hearing, additional time will be allowed to reach a decision. When a decision has been reached, either at the hearing or later, the Hearing Officer will prepare a report which shall contain the following: (1) A concise summary of the evidence and argument presented by the parties. (2) The decision and a statement that the decision of the Hearing Officer was based solely on the evidence presented and reasons therefore. (3) Advise that the representatives of the Board and the Customer have a right to file an appeal with the Board of Commissioners. (4) A statement as to any settlement agreement. (5) A statement that the dispute determination is binding on both parties unless appealed to the Board of Commissioners within ten(10) days of the date of mailing of decision,and that any request for appeal must be in writing to the Corporate Secretary. F. The Hearing Officer shall file the written report with the Board of Commissioners and the Mayor of the City of Lansing. A copy of the report shall be sent to the Customer via certified mail. G. If the dispute is unresolved and the decision appealed, the Hearing Officer shall make recommendations to the Board of Commissioners on the dispute. The Secretary of the Board will arrange a time for the appeal and advise both the Customer and the Board of the date, time and location in writing. Failure of the Customer to appear at the time set for the appeal without due cause, or to request an alternate date,will constitute a waiver of right to appeal. H. The Board of Commissioners shall report its final action on any unresolved disputes together with the Hearing Officer's report and recommendations to the Mayor and the City Council of Lansing, Michigan. I. The Mayor may make recommendations to the Board of Commissioners on each unresolved dispute. Approved:05/27/2008 Effective: 07/01/2008 WATER T Lansing Board of Distribution System Extensions so Water and Light Chilled Water Rule and Regulation 9 Distribution System Extensions 1. General A. Request for Distribution System Extension Rule 9 sets forth the conditions under which the Board will extend its Chilled Water Distribution System. B. Ownership The Board shall provide, own, maintain and specify all of its distribution Facilities including location. No ownership rights to Board Facilities shall pass to any owner(s), developer(s), or Customer(s)by reason of any contribution required hereunder. C. Availability of Distribution System Extension The Board shall in its sole discretion determine whether or not any particular Chilled Water Distribution System extension shall be made, regardless of its intended use, and establish any special conditions or requirements that may apply, including but not limited to entering into an agreement with a developer,property owner(s)or Customer. Chilled Water Distribution System extensions are generally available throughout the chilled water service area if the requested service will not disturb or impair service to prior users and is within or contiguous to areas presently served. D. Installation of Distribution System Extension All Chilled Water Distribution System extensions shall be installed by the Board or its agent. Chilled Water Distribution System extensions shall be installed in public right-of-way except in certain cases where, at the Board's discretion, they may be installed in dedicated recordable easements on private property at no cost to the Board. The Customer shall provide the Board a final preliminary approved site plan for Board review and approval. Installation of a Chilled Water Distribution System extension will be initiated provided: (1) The Customer has entered into a written agreement with the Board for the construction of the Chilled Water Distribution System extension. (2) The Customer has paid any deposits as required by Rule 7.4 and Rule 11 for the Chilled Water Distribution System extension and any required system reinforcement. (3) Where applicable, the Customer has recorded the plat or final preliminary approval has been received, monuments or markers are in place, lot lines staked, sewers installed, streets at finished grade (before gravel and curb and gutter installation), sidewalk grading completed,and the ground in workable condition. (4) Constriction during the winter season will only occur at the Board's discretion. E. Adequate Temperature,Pressure and Flow Capacity The Board shall not make Chilled Water Distribution System extensions unless adequate temperature, pressure and flow capacity is available at the location of the Chilled Water Distribution System extensions as determined by the Board. Approved:05/27/2008 Effective: 07/01/2008 WATE-311- Lansing Board of Distribution System Extensions IM Water and Light Chilled Water Rule and Regulation 9 Where a Chilled Water Distribution System reinforcement is required to provide adequate temperature, pressure and flow capacity at the location of the Chilled Water Distribution System extension, the Customer shall bear the cost of such Chilled Water Distribution System reinforcement in accordance with Rule 11. F. Economic Development Offsets Where the Board determines that the Chilled Water Distribution System extension will promote development that provides substantial and sustainable economic benefits to its Customers or the Lansing region, the Board will consider an offset to its fees and charges and/or an economic incentive subject to its availability. G. Easements and Tree Trimming/Removal Permits Where the Board has agreed to construct the Chilled Water Distribution System extension in an easement and prior to such construction, the owner(s), developer(s) or Customer(s) shall be required to furnish, at no expense to the Board, recordable easements in a form satisfactory to the Board. The easement shall grant right-of-ways suitable for the ingress, egress and the installation and maintenance of the Chilled Water Distribution System extension including any Chilled Water Distribution System equipment as designed by the Board for present and future service. The owner, developer, or Customer shall also, in a form satisfactory to the Board, grant the Board permission to trim and remove trees as necessary to protect the integrity of its distribution system and the safety and welfare of its employees and the public. In the event the required easements tree trimming and removal permits are not provided by the owner(s), developer(s) or Customer(s) for such extension, the Board may elect to construct all or any part thereof along public highways or other private property. In such event, the Board may require the owner(s), developer(s) or Customer(s) to pay the added construction expense occasioned by the use of such highways or other private property, plus any expense encountered in acquiring permits and easements on other private property when necessary to provide service to the owner(s), developer(s)or Customer(s). H. Non-Standard Equipment Where the Customer requests that the Board utilize equipment which differs from its normal specifications, purchased or installed, the Board may elect to provide such non- standard equipment with the Customer paying any additional cost. I. Non-Standard Construction Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. J. Other Facilities It will be the responsibility of the owner(s), developer(s) or Customer(s) to identify and provide locations of any existing privately owned underground facilities such as lawn sprinkler systems, field drainage systems, septic tanks, Customer owned electric lines, etc. If privately owned facilities are not properly located, the Board does not assume responsibility for any damage to these facilities. Approved:05/27/2008 Effective: 07/01/2008 WATER R�T Lansing Board of Distribution System Extensions Water and Light Chilled Water Rule and Regulation 9 K. Construction Date of Distribution System Extension The Board, based on availability of work crews and material, and subject to approvals of the appropriate regulatory agencies, utilize best efforts in constructing the Chilled Water Distribution System extension to meet a mutually agreed upon date. 2. Chilled Water Facility Relocations and Removals: (1) At the request of a Customer or developer, or as required due to a conflict, or to meet Board Standards,the Board will relocate or remove its chilled water Facilities provided: A. The relocation or removal is feasible and meets Board Standards. B. The Customer or developer obtains approval from all Customers impacted by the proposed relocation. C. The relocation or removal does not degrade chilled water reliability or quality. D. All governmental approvals, permits and easements are obtained. Prior to any relocation or removal of chilled water Facilities, the Customer or developer shall be required to make a nonrefundable contribution in aid of construction. The aid in contribution of construction shall reimburse the Board for all relocation and removal costs including material, labor, the cost of breaking and repairing streets, walks, parking lots, driveways, etc., repairing lawns, replacing shrubs, flowers, etc., and any right-of-way costs as per this Rule 9, plus the cost of any necessary modifications to the Board's Chilled Water Distribution System affected by the relocation or removal, less the salvage value of any portion of the chilled water Facilities removed. (2) If, at any time subsequent to completion of the Chilled Water Distribution System extension, it is found that Chilled Water Mains or related Facilities are not at the correct location or at the proper elevation due to changes beyond the control of the Board, the Customer or developer shall reimburse the Board to relocate Chilled Water Mains or related Facilities to the correct location or at the proper elevation. Approved:05/27/2008 Effective: 07/01/2008 ioLansing Board of Services Water and Light Chilled Water Rule and Regulation 10 Services 1. General: The Customer Chilled Water Service shall be furnished, installed, owned and maintained by the Board. In the course of maintaining or repairing a Customer Chilled Water Service,-the Board shall bear no responsibility for damage incurred or restoration to areas where the Customer Chilled Water Service passes under any area not readily accessible. The Customer shall be responsible for additional repair costs due to these encumbered services The Service Location shall be specified by the Board and shall be located so that the Board's service Facilities meet or exceed all clearance requirements and applicable local codes. Should it become necessary for any cause beyond the Board's control to change the Service Location, the entire cost of any changes in the Customer's service shall be the responsibility of the Customer. Should it become necessary for the Board to reinforce or upgrade the Chilled Water Distribution System to accommodate the requested service, a nonrefundable contribution in aid of construction may be required as determined by Rule 11. 2. Chilled Water Service: A. General The Customer shall provide the chilled water demand and a plot plan showing the proposed building size and location of proposed service entrance to the Board's System Integrity & Customer Projects Department. Customer Chilled Water Services shall be installed from the Chilled Water Main to the Customer's property line in the most direct manner. The pipe comprising the connection shall cross only that legally described property upon which the building to be serviced is located. It is the intent of the Board that all underground chilled water pipes be installed and maintained by the Board. However, where unusual or special circumstances exist, the Customer may request approval to install underground chilled water pipes. Applicants shall submit plans and specifications to the Board's System Integrity&Customer Projects Department for approval prior to installation. No person other than an authorized employee of the Board shall open or close the outside valve on the Customer Chilled Water Service. No person except an authorized Board employee shall tap, revamp or connect to a Chilled Water Main or any of the pipes comprising the Customer Chilled Water Service. The Customer shall flush the Customer Piping prior to connection to the Customer Chilled Water Service. The flushing shall remove all debris and foreign matter from the Customer Piping. The Board shall be notified of the date of flushing and given the opportunity to witness same. The Customer shall not use the Customer Chilled Water Service for cleaning or flushing of the Customer Piping. Approved: 05/27/2008 Effective: 07/01/2008 WATER&LI� Lansing Board of Services 10Water and Light Chilled Water Rule and Regulation 10 B. Customer Connections to Board Facilities It shall be the Customer's responsibility to connect Customer Piping to the Customer Chilled Water Service. All work shall be in full compliance with all Board standards and applicable codes. The Customer shall not connect to the Customer Chilled Water Service except at the outlet side of the Board Service Valves. C. Customer Chilled Water Piping The Customer shall make sufficient provisions to support the Customer Piping so that the Board's Customer Chilled Water Service is not adversely affected. The Customer shall inform the Board of the date of connection to the chilled water system. The Board shall be afforded the opportunity to witness the connection. D. Installation and Maintenance of Chilled Water Services Installation of a chilled water service will be initiated provided: (1) The Customer has provided the Board a final preliminary approved site plan for Board review and approval. (2) The Customer has entered into a written agreement with the Board for the construction of the chilled water service. (3) The Customer has paid any deposits as required by Rule 7.4 and Rule 11 for the chilled water service. (4) Where applicable, the Customer shall have the plat recorded or final preliminary approval received, monuments or markers in place, lot lines staked, sewers installed, streets at finished grade (before gravel and curb and gutter installation), sidewalk grading completed, and the ground in workable condition. (5) Construction during the winter season will only occur at the Board's discretion. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved constriction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. The Customer shall be responsible for additional repair costs due to encumbered Customer Chilled Water Services or damage as a result of negligence, willful damage or carelessness by the Customer, owner or tenants. 3. Chilled Water Facility Relocations and Removals: The Board will relocate or remove its chilled water Facilities in accordance with Rule 9.2 Approved:05/27/2008 Effective: 07/01/2008 WATER RtI� IGHT Lansing Board of System Extension $ Service Deposit IM Water and Light Chilled Water Rule and Regulation 11 System Extension& Service Deposit 1. General When application is made for chilled water service which requires the extension of the Board's existing Chilled Water Distribution System, the Board will make such extensions when the estimated annual revenue, probable stability of the load and prospective load growth reasonably warrant the capital expenditure required. 2. Distribution System Extension and Customer Chilled Water Service The Customer may be required to pay all or a portion of the cost of an extension of the Board's existing Chilled Water Distribution System and installation of a Customer Chilled Water Service, based on an evaluation of the Board's recovery of capital cost along with other business related matters. 3. Customer Chilled Water Service Only The Customer may be required to pay all or a portion of the cost of the installation of a Customer Chilled Water Service,based on an evaluation of the Board's recovery of capital cost along with other business related matters. Approved: 05/27/2008 Effective: 07/01/2008 WATE-Ii° Lansing Board of Schedule of Fees & Charges 10Water and Light Chilled Water Rule and Regulation 12 Schedule of Fees& Charges CHILLED WATER FEES and CHARGES Charge Description When Applied Charge Security Deposits—Commercial& For all new customers unless waived by conditions 2 times average monthly bill Industrial stated in Rule 7. Connect fee 7:30 a.m.—5:30 p.m.weekdays No charge After 5;30 p.m.on weekdays or weekends and $135 holidays Reconnection fee Non-pay(Normal hours) 7:30 a.m.—5:30 p.m.weekdays $80$135 Non-pay(Other than normal hours) After 5:30 p.m.on weekdays or weekends and holidays $135 Meter Tampering Any time Missed Appointment,No Show,No After second occurrence,per occurrence $30 access Fee Non Sufficient Funds(NSF)Fee For Non Sufficient Funds on Checks $30 Charges other than those published Relocations,damages,etc. _ At cost Approved:05/27/2008 Effective: 07/01/2008 WATER Lansing Bard of rCi�l Water and Light Rules and Regulations For Water Service Approved: 05/27/2008 Effective: 07/01/2008 WATERBUG—HT Lansing Board of Table of Contents Im Water and Light TABLE OF CONTENTS PAGE NUMBER Definitions....................................................................................................................................................................4 GeneralProvisions.......................................................................................................................................................6 ServiceConditions.......................................................................................................................................................7 Characterof Service..................................................................................................................................................7 Descriptionof Service...............................................................................................................................................7 Availabilityof Service...........................................................................................................................................7 Agreements............................................................................................................................................................8 MaterialAvailability..............................................................................................................................................8 Useof Service...............................................................................................................................................................9 General......................................................................................................................................................................9 Accessand Damages.................................................................................................................................................9 CustomerPiping and Equipment...............................................................................................................................9 WaterQuality and Disturbances..............................................................................................................................10 ImproperUse and Tampering..................................................................................................................................10 Discontinuationof Service......................................................................................................................................10 Metering.....................................................................................................................................................................11 General..........................................................................................................................................• ....................11 Sizing/Installation/Ownership.................................................................................................................................11 EquipmentLocation................................................................................................................................................11 MultipleOccupancy Buildings................................................................................................................................11 Damagedor Frozen Meter.......................................................................................................................................12 Applicationof Rates..................................................................................................................................................13 General....................................................................................................................................................................13 Resale......................................................................................................................................................................13 Choiceof Rates........................................................................................................................................................14 Apartment Buildings and Multiple Dwelling Structures.........................................................................................14 Billing......................................................................................................................................................................14 MinimumCharges...................................................................................................................................................14 Property Owner-Rental Agent Agreement for'Leave On'Service........................................................................15 Responsibilityfor Payment of Bills..........................................................................................................................16 General....................................................................................................................................................................16 EstimatedConsumption...........................................................................................................................................16 BillingErrors...........................................................................................................................................................16 AccountSecurity Deposits......................................................................................................................................17 Disputeand Hearing Procedure...............................................................................................................................19 Disputes...................................................................................................................................................................19 Hearings...................................................................................................................................................................19 WaterCustomer Choice Program............................................................................................................................21 General....................................................................................................................................................................21 Contractor Qualification and Approval...................................................................................................................21 ResidentialServices.................................................................................................................................................21 Deposit and Non-Refundable Contributions for On-Site Water Mains and Large Services..........................21 Permits.....................................................................................................................................................................21 DistributionSystem Extensions................................................................................................................................22 General....................................................................................................................................................................22 Request for Distribution System Extension.........................................................................................................22 Ownership............................................................................................................................................................22 Availability of Distribution System Extension....................................................................................................22 Contribution In Aid of Construction for System Extensions...............................................................................22 Installation of Distribution System Extension.....................................................................................................23 Approved: 05/27/2008 Page 2 of 38 Effective: 07/01/2 00 8 WATE� Lansing Board of 'Table of Contents Water and Light AdequatePressure and Flow Capacity................................................................................................................23 Permits.................................................................................................................................................................24 StakingRequirements..........................................................................................................................................24 FireHydrants.......................................................................................................................................................24 Oversizing of Distribution System Extension......................................................................................................24 Economic Development Considerations..............................................................................................................24 Easements and Tree Removal Permits.................................................................................................................24 Non-Standard Equipment....................................................................................................................................25 Non-Standard Construction.................................................................................................................................25 OtherFacilities....................................................................................................................................................25 Construction Date of Distribution System Extension..........................................................................................25 Water Facility Relocations and Removals...............................................................................................................25 Services.......................................................................................................................................................................27 General....................................................................................................................................................................27 TemporaryWater Service........................................................................................................................................27 DomesticWater Service..........................................................................................................................................27 General................................................................................................................................................................27 Customer Connections to Board Facilities..........................................................................................................28 Charges................................................................................................................................................................28 FireService..............................................................................................................................................................28 General................................................................................................................................................................28 Charges................................................................................................................................................................29 Lawn Sprinkler(Irrigation)Service.........................................................................................................................29 Water Facility Relocations and Removals...............................................................................................................29 LeadService Pull Ahead Program...........................................................................................................................29 BoosterPumps...........................................................................................................................................................31 WaterStorage Facilities............................................................................................................................................32 Cross—Connection......................................................................................................................................................33 General....................................................................................................................................................................33 Installation of Backflow Prevention Devices..........................................................................................................33 Inspection and Maintenance of Backflow Prevention Devices................................................................................33 Compliance..............................................................................................................................................................33 SevereHazard Locations.........................................................................................................................................33 SecondarySupplies..................................................................................................................................................34 Scheduleof Fees&Charges......................................................................................................................................35 Approved: 05/27/2008 Page 3 of 38 Effective: 07/01/2008 WATER RIGHT Lansing Board of Definitions em Water and Light Water Rule and Regulation 1 DEFINITIONS OF TERMS AND THEIR ABBREVIATIONS BOARD— When used in these Rules and Regulations, Board is an abbreviation meaning the Board of Water and Light. BORING— To pierce the ground with a turning or twisting movement of a tool to make a hole for pipes, cables etc. CUSTOMER— A purchaser of water service supplied by the Board or a governmental entity that authorizes the Board to provide water service. CUSTOMER OWNED FIRE HYDRANT—The hydrant and appurtenances owned and maintained by the Customer, installed on CUSTOMER PIPING on private property after the Board metering point. CUSTOMER PIPING—A piping system owned or controlled by the Customer that conveys water from the Service Location throughout the Customer's Premises. CUSTOMER WATER SERVICE—Those pipes, valves and appurtenances owned and maintained by the Board installed between a Water Main and Customer Piping. CROSS—CONNECTION — A physical interconnection, arrangement or condition of the Customer's plumbing through which the potable water furnished by the Board's Water Distribution System could become contaminated if backflow takes place. DEMAND— The rate of water delivered at a given point. DOMESTIC WATER SERVICE — Those pipes, valves, backflow devices and appurtenances installed from the Water Main to the Service Location for the purpose of providing water for consumption other than irrigation or fire service use on the served Premises. DWELLING UNIT— A dwelling unit shall be considered as a single room, suite or groups of rooms or suites which have individual cooking and kitchen sink facilities designed for or used exclusively for residential purposes. FACILITIES— A general term which includes pipes, fittings, valves, fire hydrants, associated structures and the like,used as a part of or in connection with a water installation. FIRE SERVICE — Those pipes, valves, backflow devices and appurtenances installed from the Water Main to the Customer's Premises for the sole purpose of providing water for fire fighting on the served Premises. METER SET—Those pipes,valves and appurtenances that house the water meter. ON-SITE WATER MAINS—Water Mains installed on private property that will be located in easements or public right-of-way and owned and maintained by the Board. PERSON— Any individual, corporation, partnership, company, limited Liability Corporation, organization or governmental entity. Approved: 05/27/2008 Page 4 of 38 Effective: 07/01/2008 WATE_R3-HT Lansing Board of Definitions Water and Light Water Rule and Regulation 1 PRIVATE FIRE HYDRANT — The hydrant and appurtenances owned and maintained by the Board, installed on Water Mains on private property in Board approved easements to provide water primarily for fire fighting purposes for the property benefit. PUBLIC FIRE HYDRANT — The hydrant and appurtenances owned and maintained by the Board, installed on Water Mains within public right-of-way or in Board approved easements to provide water primarily for fire fighting purposes for public benefit. PREMISES— A building and its grounds. RATE— The unit prices as established by the Board's rate-making body and the quantities to which they apply as specified in the Rate Schedule. RATE SCHEDULE — A filed statement of the water Rate and the terms and conditions governing its application as established by the Board's rate-making body. SERVICE LOCATION—The point at which the Board has agreed to provide water service to Customer Piping. SERVICE STUBS — That portion of a Customer Water Service that extends from the Water Main to a typical distance of 5 feet inside the property line. TRENCH— A cut in the ground in which pipes, etc. are installed. WATER DISTRIBUTION SYSTEM—The system of Water Mains, pipes, fittings, valves, fire hydrants and all equipment and appurtenances thereto, necessary to distribute water to Customer Water Services. WATER MAIN — A pipe owned and maintained by the Board installed in public right-of-way or easement that conveys water to a Customer Water Service or to a fire hydrant. Approved: 05/27/2008 Page 5 of 38 Effective: 07/01/2008 WATE® Lansing Board of General Provisions 10Water and Light Water Rule and Regulation 2 General Provisions Copies of the Board's Rate Schedules for water service are open to public inspection at the Board's offices and are available on the Board's Internet Web site w,.vw.lbwl.com or upon request. Application for original, modified or added service shall be made at the office of the Board of Water and Light, Utility Services, 730 East Hazel Street, Lansing. Any Person receiving or agreeing to receive water service from Board Facilities shall be deemed a Customer of the Board subject to its Rates and these Rules and Regulations and responsible for the service used whether such service is provided under a signed agreement or not. Water service will not be supplied to new or remodeled buildings until such installations comply with these Rules and Regulations. For water service requests that are 2" or larger in size, the Customer should contact the Board's System Integrity & Customer Projects Department to determine the characteristics of the water service available at the Premises, since adequate flow and/or pressure may not be available. The System Integrity & Customer Projects Department will inform the Customer of the Board's requirements,which must be fulfilled by the Customer, in order to receive water service. The Board may discontinue water service to any Customer for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Customer must pay a reconnection fee as stated in Rule 15 to cover the costs of restoring water service that has been discontinued for any breach of the Board's Policy, Rules and Regulations, Procedures or in accordance with law. The Board will release customer information in accordance with written customer authorization and Board policy This document is intended to cover most situations where standardized policies and practices have been established. No officer, agent or employee of the Board has authority to waive or modify the provisions of this document unless specifically authorized to do so by the Board of Commissioners. The Board of Commissioners may revise this document at any time and may modify or suspend any portion of it temporarily or permanently. Approved: 05/27/2008 Page 6 of 38 Effective: 07/01/2008 WATER Lansing Board of Service Conditions Water and Light Water Rule and Regulation 3 Service Conditions 1. Character of Service The Board produces and distributes potable water, approved by the Michigan Department of Environmental Quality (MDEQ), for public use throughout its service area and will endeavor, but does not guarantee, to furnish a continuous supply and to maintain water pressure within reasonable limits. The Board shall not be liable for interruptions in the service including without limitation, variations in the service characteristics, or for any loss or damage of any kind or character occasioned thereby, due to causes or conditions beyond the Board's reasonable control, and such causes or conditions shall be deemed to specifically include, but not be limited to, the following: acts or omissions of Customers or third parties; operation of safety devices except when such operation is caused by the negligence of the Board; absence of an alternate supply of service; failure, malfunction, breakage, necessary repairs or inspection of machinery, Facilities or equipment when the Board has carried on a program of maintenance consistent with the general standards prevailing in the industry; act of God; war; action of the elements; storm or flood; fire; riot; sabotage; labor dispute or disturbance, or the exercise of authority or regulation by governmental or military authorities. Notwithstanding any other provision of these rules, the Board may interrupt or limit water service to Customers without prior notice and in a manner that appears most equitable under the circumstances then prevailing or as necessary to protect the health, safety and welfare of its employees or Customers. The Board shall be under no liability with respect to any such interruption or limited supply. 2. Description of Service A. Availability of Service (1) Water service is provided to Customers in the City of Lansing and several surrounding governmental entities. Service to the surrounding governmental entities is by contractual agreement. (2) The Board, at its discretion, may provide service to individual Customers outside its service area with the approval of the local governmental entity. (3) Water service may be made available to Premises that has frontage on a public right- of-way. The Board, at its discretion, may install Water Mains and Customer Water Services in easements. (4) Water service is not available where the Board must bring the Customer Water Service across another parcel or lot without an easement in order to provide service. (5) In the case where there is more than one Water Main capable of providing service, the Board shall determine which Water Main will be used for service and the location of the Customer Water Service connection. (6) Water service is available in sizes one inch (1") and larger. The Board will evaluate service sizes two inches (2") and larger before installation to determine the adequacy of water supply and pressure. Inquiries regarding adequacy of water supply and pressure should be directed to the Board's System Integrity & Customer Projects Department. Approved: 05/27/2008 Page 7 of 38 Effective: 07/01/2008 WATE'-IGH Lansing Board of Service Conditions Water and Light Water Rule and Regulation 3 B. Agreements The Board shall require the Customer to enter into a written agreement that details the terms and conditions and price to be paid by the Customer prior to water service constriction. In addition,the Board may negotiate written contractual arrangements as to the provision of necessary service Facilities, duration of service, amount of deposit and refunds thereon, minimum bills or other service conditions for Customers or prospective Customers whose load requirements exceed the capacity of the available distribution system in the area or whose load characteristics or special service needs require unusual investments by the Board in service Facilities or where there is not adequate assurance of the permanent use of the service. The Board may charge a Connect Fee when the Customer requests the service to be made active outside normal business hours as specified in Rule 15. No promises, agreements or representations of any agent or employee of the Board shall be of binding force upon the Board unless the same is within the authority of that individual and incorporated in the written agreement. C. Material Availability Subject to the restrictions contained in Rule 3.2.A, the Board will constrict water distribution Facilities and extensions only in the event it is able to obtain or use the necessary materials, equipment and supplies. The Board may, in its discretion, allocate the use of such materials, equipment and supplies among the various classes of Customers and prospective Customers of the same class. Approved: 05/27/2008 Page 8 of 38 Effective: 07/01/2008 WATE-icy Lansing Board of Use of Service Water and Light Water Rule and Regulation 4 Use of Service 1. General Potable water is supplied to a Customer for exclusive use on the Premises to which it is delivered by the Board. Service may not be shared with another, sold to another, or transmitted off-the Premises without the written permission of the Board,except as noted in Rule 6. Use of water is only for the purposes authorized by the Board and is not to be extended to another building without authorization of the Board. No person except authorized Fire Department personnel, Director of Public Service, and such other people as determined by the Board shall operate and/or take water from fire hydrant, Fire Service, or any other unmetered connection. 2. Access and Damages The Customer shall provide and maintain appropriate access and working space around water Facilities in accordance with all applicable Board standards so as to permit ready and safe operation and maintenance of such Facilities. The Board's authorized personnel or agents of the Board shall have access to the Customer's Premises at all reasonable hours for all purposes necessary to conduct business, including without limitation: 1) install, inspect, read, repair, maintain, test or remove its meters 2) install, operate and maintain other Board equipment or Facilities, and 3) inspect Fire Service installations, Customer Piping, backflow devices and to determine the connected water Demand. If the meters, metering equipment or other Board property are damaged or destroyed through the neglect of the Customer, the cost of necessary repairs or replacements shall be the responsibility of the Customer. If, for any reason beyond its control, the Board is unable to read a meter, operate, maintain or make inspection, including but not limited to, reasons such as Premises being locked, meter being inaccessible or unsafe conditions, then after due written notice to the Customer, the water service may be disconnected until such time as arrangements have been made to permit access for Board inspection and approval and the Customer has paid the appropriate reconnection fee as stated in Rule 15. 3. Customer Piping and Equipment The Board may deny or terminate service to any Customer whose water piping or equipment constitutes a hazard to the Board's employees, equipment or its service to others. However, the Board is not responsible to inspect the Customer's piping or equipment and shall not be held liable for any injury or damage resulting from the condition thereof. The Customer shall install and maintain the necessary Facilities or devices to protect Customer owned equipment against service interruptions and other disturbances on the Board's system. The Customer shall install a valve on the outlet of the meter-set and shall maintain it in good repair. Alterations to the Customer Water Service or associated equipment are prohibited without approval of the Board. Approved: 05/27/2008 Page 9 of 38 Effective: 07/01/2008 WATE_ R� Lansing Board of Use of Service Water and Light Water Rule and Regulation 4 4. Water Quality and Disturbances The Customer shall operate equipment in a manner that does not cause surges, water hammer or other problems in the Water Distribution System or to other Customers. If the Board notifies the Customer of such a condition, the Customer shall discontinue operation of equipment causing such condition until a correction has been made. The Customer shall be responsible for the cost of installation, testing and maintenance of backflow prevention equipment necessary to prevent contamination of the Water Distribution System as required by the Board. 5. Improper Use and Tampering Any person that uses water without making proper application for water service shall be responsible for all charges for water service. The amount of such charges shall be determined by the Board either by meter readings or on the basis of calculated consumption for the time water was used. If water is being used by a Customer without proper application for service or water service connection, the Board may discontinue service without notice. In case of such discontinuance of service, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 15 The Board may discontinue service and seek criminal charges, if it is determined that the meter or piping on the Customer's Premises has been tampered with or altered in any manner to steal water. If the Board discontinues service for this reason, the Board shall restore service only after the Customer has paid the reconnection fee as stated in Rule 15,made appropriate restitution for stolen service and made provisions for metering and/or piping changes as may be required by the Board. 6. Discontinuation of Service A. Service may be voluntarily or involuntarily disconnected. (1)Voluntarily Service may be voluntarily disconnected per the Customer's request. The BWL recommends that the Customer or the Customer's representative be present for the disconnection to ensure complete shutoff. It can be difficult for the BWL to confirm that the service have been completely turned off if there is no one present at the premises during the shutoff. The Customer is responsible to advise the BWL if the shutoff was not entirely effective. (2) Involuntary Service may be involuntarily disconnected in the following instances: (a) Noncompliance with applicable Rules and Regulations; (b) Noncompliance with Municipal, State and or Federal law; or (c) Issuance of a Court Order Approved: 05/27/2008 Page 10 of 38 Effective: 07/01/2008 WATER R� Lansing Board of Metering Water and Light Water Rule and Regulation 5 Metering 1. General All water sold to Customers shall be measured by commercially acceptable measuring devices owned and maintained by the Board except where it is impractical to meter, such as for fire fighting, temporary or special installation, in which cases the consumption may be calculated. 2. Sizing/Installation/Ownership The Board shall furnish, install, own and maintain all metering equipment and reserves the right to size such metering equipment. 3. Equipment Location A. The Customer shall provide, at no expense to the Board, a space/enclosure suitable to the Board for the installation of the necessary metering equipment. The Customer shall furnish the space and the provisions for mounting metering and service equipment to meet Board requirements. Inquiries regarding installation requirements should be directed to the Board's System Integrity&Customer Projects Department. B. Wherever possible, metering equipment should be located inside the building served and as near as practicable to the point where the Customer Water Service enters the building. C. The space provided must have adequate ventilation and permanent heat to prevent freezing of the meter and associated piping. A clear overhead space of at least six feet (6') shall be provided. A floor drain of adequate capacity must be provided adjacent to the meter except where the Board has deemed it to be impractical to provide such drain. D. Where an approved location is not available inside the building, the meter shall be located in a meter manhole or pit at or near the property line, and the cost, ownership and maintenance of the meter manhole or pit structure and the piping from the outlet of the Meter Set thereof shall be the responsibility of the Customer, except where the Board has retained ownership. The customer shall at all times, provide clear access to the meter manhole or pit structure for the purpose of meter and meter set access and maintenance. 4. Multiple Occupancy Buildings Where the building owner desires to meter each tenant's water separately, a meter manifold may be permitted when the following conditions are met. A. An adequately sized room is made available by the owner for housing the water meters. The meter room shall be of sufficient size for access and provided with a door which can be fitted with an approved lock box; and B. Access to the meter area is by way of a common-use space; and C. The building owner attaches a tag to the valve on the outlet side of the meter identifying the number and/or address of the unit served; and D. The building owner installs a valve on the outlet of each meter-set and E. The building owner installs a valve at the point where each water supply line enters the apartment or unit served; and F. Each meter serves only one apartment or unit, with no interconnecting piping between each apartment or unit. Approved: 05/27/2008 Page 11 of 38 Effective: 07/01/2008 WATE-aI—T Lansing Board of Metering No. Water and Light Water Rule and Regulation 5 5. Damaged or Frozen Meter The Customer shall be held liable for damage to the meter from acts of carelessness, negligence, or willful damage by owner or his tenants. The Board will repair any meter so damaged, and the cost shall be billed to the Customer. The Board may, after an occurrence of a frozen meter, charge the customer for the replacement of a frozen meter as provided in Rule 15. Approved: 05/27/2008 Page 12 of 38 Effective: 07/01/2008 WATE�IIGHT Lansing Board of Application of Rates Water and Light Water Rule and Regulation 6 Application of Rates 1. General Water Rates are predicated upon the Board not being required to provide more than one Customer Water Service to a building or structure. The Board shall separately meter and separately bill service at different points or at different buildings or structures unless specifically provided for in the applicable Rate Schedule. 2. Resale The owner or operator of an office building, apartment building, shopping mall, or similar structure may purchase water from the Board for resale to occupants on the condition that service to each occupant shall be metered separately and that the occupants may not be charged more for such service than the appropriate Rate of the Board available for similar service under like conditions. In order to qualify for resale to occupants, the owner or operator must state in writing their intent to resell in the application for service. The owner or operator shall be responsible for payment of purchased water for resale as required by Rule 7. The Board shall have no obligation to furnish, test or maintain meters or other Facilities for the resale of service by the reselling owner or operator to the occupant. Billing records of the owner or operator may be audited once every 12 to 18 months using generally accepted auditing practices. The audit shall be conducted by the Board or if the Board elects, by an independent auditing firm approved by the Board. The reselling owner or operator shall be assessed a reasonable fee for an audit conducted by the Board. The owner or operator providing the resale shall be responsible for testing of each occupant's meter at least once every 3 years. The accuracy of such meters shall be maintained according to the most recent publication of Table 5-3, "Test Requirements for New, Rebuilt and Repaired Cold-Water Meters" within the AWWA M6 manual. Meters shall be tested only by outside testing services or laboratories approved by the Board. A record of each meter, including testing results, shall be kept by the reselling owner or operator during the use of the meter and for an additional period of one year thereafter. When requested, the reselling owner operator shall submit certified copies of the meter test results and meter records to the Board. The reselling owner or operator shall render a bill once during each billing month to each of the occupants' or tenants in accordance with the appropriate Board Rate Schedule. Every bill rendered by the reselling owner or operator shall specify the following information; The Rate Schedule title, the due date, the beginning and ending meter reading of the billing period and the dates thereof, the difference between the meter readings; the amount due for services and/or commodity use, as applicable to the Rate; subtotal before taxes, other taxes where applicable; the amount due for other authorized charges; and the total amount due. The due date shall be 21 days from the date of rendition. The reselling owner operator shall be responsible for all collections and payment disputes for resale occupants. Approved: 05/27/2008 Page 13 of 38 Effective: 07/01/2008 WATE"�NT Lansing Board of Application of Rates 10Water and Light Water Rule and Regulation 6 The reselling owner or operator shall supply each occupant with a water system adequate to meet the needs of the occupant with respect to the nature of service, water quality, pressure, Cross- Connection control and other conditions of service. If the reselling owner or operator fails to meet the obligations of this rule, the Board will notify the appropriate authorities and after reviewing with the reselling owner or operator, the problem(s) is not resolved, the Board my declare reselling owner or operator in violation of Rule 2. The renting of Premises with the cost of water service included in the rental as an incident of tenancy will not be considered a resale of such service. 3. Choice of Rates In some cases, the Customer may be eligible to take service under any one of two or more Rates. Upon request, the Board will advise the Customer in the selection of the Rate that will provide the lowest cost of service, based on the best available information, but the responsibility for the selection of the Rate shall be the sole responsibility of the Customer. After the Customer has selected a Rate, the Customer may not change from that Rate to another Rate until at least twelve (12) months have elapsed. The Customer shall not evade this rile by temporarily terminating service. The Board may waive the provisions of this paragraph where it appears that a change of the Rate is necessary for permanent rather than temporary or seasonal advantage. The intent of this rule is to prevent frequent changes from Rate to Rate. The Board shall not be responsible to refund the difference in charges under different Rates applicable to the same class of service, unless the Board provided an incorrect initial service turn- on Rate setting or unless the Customer makes a written request and has a permanent change in load profile. Any refuund is subject to Board approval. 4. Apartment Buildings and Multiple Dwelling Structures An apartment building or multiple dwelling structure served by one meter and containing four (4) or less Dwelling Units may elect to be billed on the appropriate Residential Service Rate. 5. Billing Customers having more than one meter shall have consumption computed by individual meter in accordance with the current Rate Schedule, with the exception of separate meters connected to the Customer Water Service and installed solely for lawn sprinkling. Lawn sprinkling meters connected to the Customer Water Service are subject to the Lawn Sprinkling Water Service Rate. 6. Minimum Charges A minimum charge, as defined by the.Rate in effect, shall be applied to all services and billed to the Customer. Where the Customer requests that a service be discontinued, the Board shall deactivate the service by any appropriate means, including without limitation, removing the meter and/or by disconnecting the service from the Board's Water Distribution System. Approved: 05/27/2008 Page 14 of 38 Effective: 07/01/2008 WATE-1- Lansing Board of Application of Rates IM Water and Light Water Rule and Regulation 6 7. Property Owner-Rental Agent Agreement for"Leave On"Service The BWL may waive application charges to maintain continuity of service at rental property locations provided: (1) the landlord agrees in writing to assume the responsibility for water service during the interim between tenants, and (2) the landlord is in compliance with all other rules and regulations of the Board. Approved: 05/27/2008 Page 15 of 38 Effective: 07/01/2008 WATE�IIGHT Lansing Board of Responsibility for Payment of Bills so Water and Light Water Rule and Regulation 7 Responsibility for Payment of Bills 1. General Each Board Customer is responsible to pay all utility bills as rendered on or before the due date shown thereon. The Customer remains responsible for payment of the bills until the Customer orders service to be discontinued and the Board has had reasonable time to secure a final meter reading. Bills are rendered on approximately a monthly basis. Bills are mailed to Customers approximately fifteen (15) days before the due date shown on the bill. The Customer shall pay the net amount if paid on or before the due date on the bill. Failure on the part of the Customer, through no fault of the Board,to receive the bill shall not entitle the Customer to pay the net amount after the due date of the bill. If a bill remains unpaid after issuing a five (5) day written shut-off notice, the Board shall have the right to discontinue service. In extenuating circumstances, a Customer will be afforded the opportunity to make payment arrangements. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing,pending results of the hearing. Service may be discontinued for nonpayment of bills that are not in dispute. The Board may also require individual Customers to enter into a written `Billing Service Agreement," insuring that the Customer is responsible for all services used and rendered. The Board will charge a"Non Sufficient Funds Fee"in accordance with Rule 15 for returned checks. 2. Estimated Consumption Readings may be estimated when conditions warrant. Until reconciled by an actual reading, bills rendered on estimated consumption have the same force and effect as bills rendered on actual meter readings. 3. Billing Errors A. When an error is found to exist in the billing rendered to a Customer,the Board will correct such error to recover or refiind the difference between the original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Re$inds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. B. When an error is found to exist in the billing of a contract or service agreement with or governing the Customer, the Board will correct such error to recover or refund the difference between original billing and the corrected billing. Corrected billings will not be rendered for periods in excess of three (3) years from the date the error is discovered. Refunds to Customers will normally be made promptly upon discovery of the error. Amounts due the Board from the Customer will be subject to normal collection policy and procedures. Approved: 05/27/2008 Page 16 of 38 Effective: 07/01/2008 WATER R" s-HT Lansing Board of Responsibility for Payment of Bills im Water and Light Water Rule and Regulation 7 4. Account Security Deposits The Board shall require an account security deposit from any new or existing Customer with an unacceptable credit history with the Board. The Board shall apply different rules to new Customers signing up for service in accordance with Rule 7.4.B. The deposit is normally 2 times the average monthly bill (actual or estimated) as determined by the Board and shall be applied according to Rule 15. Security Deposits shall be administered in accordance with Customer Service established Standards and Guedelines. The Board may waive deposits in special circumstances. The Board may also demand deposits larger than 2 times the average monthly bill if the Board determines that a Customer presents a higher than normal credit risk. A. Unacceptable cride history includes but is not limited to the following: (1) The Customer has deliberately misinformed or misrepresented facts to the Board. (2) The Customer misrepresents their identity. (3) The Customer fails to provide positive identification at the time of applying for service. (4) The Customer has diverted or interfered, in an unauthorized manner, with utility service in the past 6 years. (5) The Customer has had one or more payments canceled in the last 12 months due to: (1) non-sufficient funds returned check, (2) account closed returned check, (3) non-sufficient funds bank bill, (4) account closed bank bill, (5) credit card reversal, (6) or other payment method cancellation. (6) The Customer has a prior account that is delinquent within the last 6 years. B. New Customers may not be required to submit a deposit, in any of the following situations: Residential Customers (1) The Customer has no service history with the Board and has been permitted into the Good Faith Deposit Program in accordance with Customer Service established Standards and Guidelines. (2) The Customer has previously established an acceptable payment history with the Board on a similar account. (3) The Customer's bill is paid by a governmental agency. (4) The Customer secures a guarantor; the guarantor has an acceptable payment history. (5) The Customer provides an acceptable surety bond. (6) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. Commercial and Industrial Customers (1) The Customer has previously established an acceptable payment history with the Board on a similar account. (2) The Customer's bill is paid by a governmental agency. Approved: 05/27/2008 Page 17 of 38 Effective: 07/01/2008 WATERR&LIGHT Lansing Board of Responsibility for Payment of Bills Im Water and Light Water Rule and Regulation 7 (3) The Customer secures a guarantor;the guarantor has an acceptable payment history. (4) The Customer provides an acceptable surety bond. (5) The Customer provides an acceptable credit reference letter from a similar utility company for a similar account. Account must have been in the Customer's name and maintained for a minimum of 12 consecutive months. The Board will refund deposits to all Customers who have taken service for 12 months and have an acceptable payment history. The Board will also refund deposits to Customers who have voluntarily terminated service and paid all charges due. The Board will pay simple interest accrued on Account Security Deposits held. No interest will be paid until the deposit is returned to the customer. The interest rate will be updated on July 1 of each year. The interest rate used to calculate interest will be the sum of the Federal Funds rate in effect on the last day of March of the current year plus .25%. Approved: 05/27/2008 Page 18 of 38 Effective: 07/01/2008 WATE'-'IGHT Lansing Board of Dispute and Hearing Procedure so Water and Light Water Rule and Regulation 8 Dispute and Hearing Procedure 1. Disputes In accordance with the Lansing City Charter, the Board is required to provide a fair and equitable dispute and hearing process for its Customers as follows: A. When any Customer disputes a bill or service and the Board is so advised in writing, the date of the notice of dispute will be recorded. B. Service to a Customer shall not be discontinued for nonpayment of a disputed bill if the Customer has requested a hearing, pending results of the hearing. Service may be discontinued for nonpayment of bills that are not disputed. C. The disputed bill or service will be investigated promptly and completely. D. The Customer will be advised of the results of the investigation. E. An attempt will be made to resolve the dispute in a manner mutually satisfactory to both parties. F. The Board will provide the opportunity for each Customer to enter into a reasonable settlement agreement in order to mutually resolve the disputed claim or to satisfy any liability not in dispute. G. If a settlement cannot be reached between the Customer and the Board's Account Administrator, the Customer may choose to appear before the Board's Dispute Review Committee. The review will be scheduled within ten(10)days of the request or as mutually agreed to by both parties. H. If a settlement cannot be reached following examination by the Dispute Review Committee, the account will be referred to the Board's General Manager. 1. If a settlement is not reached after review by the Board's General Manager, the Customer shall be afforded an opportunity for a hearing. J. The Customer shall be responsible for payment of all other bills or portions of bills as rendered which are not in dispute. 2. Hearings A. Any Customer who disputes the services provided or a billing for services furnished in accordance with the Board's filed Rates, Rules and Regulations or established policies or procedures may request a hearing. If a hearing requested is based on a disputed past due bill, the request must be made within ten (10) calendar days following the final outcome of the dispute process. Any request for a hearing may be made in writing and received by the Board's corporate office at 1232 Haco Drive, Lansing,Michigan,48912. B. On receipt of a request for a hearing, the Board will forward this request to an independent Hearing Officer. The Hearing Officer will arrange a time for the hearing and advise both the Customer and the Board of the date, time and location in writing. The hearing will be scheduled during normal business hours. Failure of the Customer or Board to attend the hearing without due cause or prior request for adjournment will constitute a waiver of right of that party to the hearing. C. The Board and the Customer shall: (1) Have the right to be represented by Counsel or other persons of their choice. (2) Have the right to present evidence,testimony and oral and written argument. (3) Have the right to cross-examine witnesses appearing on behalf of the other party. Approved: 05/27/2008 Page 19 of 38 Effective: 07/01/2008 WATE"-IGH Lansing Board of Dispute and Hearing Procedure WA Water and Light Water Rule and Regulation 8 (4) Have the right to have the hearing recorded by a court reporter at the expense of the Customer. The Hearing Officer shall also have the right to have the hearing recorded by a court reporter. Recordings will be preserved at least six (6) months from the date of the hearing. All evidence relevant to the dispute will be received. D. For each hearing, the Hearing Officer shall compile a hearing record which will contain; (1) A concise statement in writing of the position of the Board in relation to the dispute. (2) A concise statement in writing of the position of the Customer in the dispute. (3) Copies of all evidence submitted by the parties. E. If a decision is reached during the hearing, the Hearing Officer shall state the decision to both parties. If the Hearing Officer does not reach a decision during the hearing, additional time will be allowed to reach a decision. When a decision has been reached, either at the hearing or later, the Hearing Officer will prepare a report which shall contain the following: (1) A concise summary of the evidence and argument presented by the parties. (2) The decision and a statement that the decision of the Hearing Officer was based solely on the evidence presented and reasons therefore. (3) Advise that the representatives of the Board and the Customer have a right to file an appeal with the Board of Commissioners. (4) A statement as to any settlement agreement. (5) A statement that the dispute determination is binding on both parties unless appealed to the Board of Commissioners within ten(10) days of the date of mailing of decision,and that any request for appeal must be in writing to the Corporate Secretary. F. The Hearing Officer shall file the written report with the Board of Commissioners and the Mayor of the City of Lansing. A copy of the report shall be sent to the Customer via certified mail. G. If the dispute is unresolved and the decision appealed, the Hearing Officer shall make recommendations to the Board of Commissioners on the dispute. The Secretary of the Board will arrange a time for the appeal and advise both the Customer and the Board of the date, time and location in writing. Failure of the Customer to appear at the time set for the appeal without due cause, or to request an alternate date, will constitute a waiver of right to appeal. H. The Board of Commissioners shall report its final action on any unresolved disputes together with the Hearing Officer's report and recommendations to the Mayor and the City Council of Lansing, Michigan. I. The Mayor may make recommendations to the Board of Commissioners on each unresolved dispute. Approved: 05/27/2008 Page 20 of 38 Effective: 07/01/2008 wATE'-ai- Lansing Board of Water Customer Choice Program Water and Light Water Rule and Regulation 9 Water Customer Choice Program 1. General The Board will accept and permit Customer installation of Customer Water Service(s), and On-Site Water Mains, except Meter Set and metering equipment,provided the following conditions are met. (1) The Board has approved the Customer's contractor prior to construction. (2) The Customer has signed, and complied with, a Customer Choice Water Service agreement with the Board prior to construction. (3) The Customer has provided, and the Board has approved drawings, material lists and a flushing and disinfection plan. (4) The Customer has paid any and all past and current applicable fees and charges. (5) The installation of Customer Water Service(s) and/or On-Site Water Mains has been inspected and approved by the Board. (6) Customer has dedicated Customer Water Service(s)and/or On-Site Water Mains to the Board. Inquiries regarding the Water Customer Choice Program should be directed to the Board's System Integrity&Customer Projects Department. 2. Contractor Qualification and Approval Contractors desiring to become qualified and approved to install On-Site Water Mains and Customer Water Services should contact the Material Services Management Resource Center. A charge for the initial Permit Application and an Annual Contractor's Qualification Permit shall be assessed as stated in Rule 15. 3. Residential Services Customers installing residential water services shall be required to pay an "Inspection" charge as stated in Rule 15 for each inspection. 4. Deposit and Non-Refundable Contributions for On-Site Water Mains and Large Services A deposit and non-refundable contribution shall be required for any Customer desiring to install On- Site Water Mains or commercial Customer Water Services. The amount of such deposit and non- refundable contribution shall be as stated in Rule 15. Upon project completion, the deposit shall be adjusted to reflect the actual Board cost with a final billing or refund made to the Customer, except no billing or refund will be made if the actual cost is within$100 dollars of the actual cost. 5. Permits The Board will obtain the MDEQ Permit for Water System Construction. The Customer shall be required to obtain all other permits. Approved: 05/27/2008 Page 21 of 38 Effective: 07/01/2008 warER&LIGHr Lansing Board of Distribution System Extensions Water and Light Water Rule and Regulation 10 Distribution System Extensions 1. General: A. Request for Distribution System Extension Rule 10 sets forth the conditions under which the Board will extend its Water Distribution Systeun. B. Ownership The Board shall provide, own, maintain and specify all of its distribution Facilities including location, except as otherwise expressly provided by agreement between the Board and the governmental entity or Rule 9. "Water Customer Choice ProQram'. No ownership rights to Board Facilities shall pass to any owner(s), developer(s), or Customer(s)by reason of any contribution required hereunder. C. Availability of Distribution System Extension The Board shall in its sole discretion determine whether or not any particular Water Distribution System extension shall be made, regardless of its intended use, and establish any special conditions or requirements that may apply, including but not limited to entering into an agreement with a developer,property owner(s) or governmental entity. Water Distribution System extensions are generally available throughout the water service area. Water Distribution System extensions may also be available outside the water service area to serve individual Customers. Water Distribution System extensions outside the service area shall be installed at the Board's discretion, and only with the approval of the local governing entity. D. Contribution In Aid of Construction for System Extensions The owner(s), developer(s), governmental entity(s) or Customer shall be required to make a contribution in aid of constriction to the Board to cover the cost of the Water Distribution System extension prior to construction, except as provided otherwise by agreement between the Board and the governmental entity or in Rule 9 "Water Customer Choice Program". The contribution in aid of constriction to the Board for Water Distribution System extensions shall, at the Board's option,be of the following: (1) At cost—The Customer will provide a deposit based on the Board's estimated cost to constrict the Water Distribution System extension. Reconciliation between the deposit and actual cost will be made upon project conclusion. (2) Not-to-exceed — The Customer will provide a deposit based on the Board's estimated cost to construct the Water Distribution System extension. If the actual cost to construct the Water Distribution System extension is less than the deposit, the Board will refund the difference upon project conclusion. (3) Firm Price—The Customer will provide a one-time payment based on the Board's estimated cost to construct the system extension. No reconciliation or refund will be made upon project conclusion. Approved: 05/27/2008 Page 22 of 38 Effective: 07/01/2008 WATErR&� L� Lansing Board of Distribution System Extensions Water and Light Water Rule and Regulation 10 E. Installation of Distribution System Extension All Water Distribution System extensions shall be installed by the Board or its agent except as provided in Rule 9 "Water Customer Choice Pro ram". Water Distribution System extensions shall be installed in public right-of-way except in certain cases where, at the Board's discretion, they may be installed in dedicated recordable easements on private property provided at no cost to the Board. Water Distribution System extensions shall traverse the total frontage of all property served and all streets within a new subdivision. The Board, in its sole discretion, may exempt side-lot streets where a Water Main is not required either to provide service or to provide proper system flow and pressure. Service Stubs shall be installed in conjunction with the Water Distribution System extension except in certain cases as determined by the Board. The Customer shall provide the Board a approved site plan for Board review and approval. Installation of a Water Distribution S ste extension will be initiated provided: (1) The owner, developer, governmental entity, or Customer has entered into a written agreement with the Board for the construction of the Water Distribution System extension. (2) The owner, developer, governmental entity, or Customer has paid the cost of the Water Distribution System extension and any required system reinforcement in a manner as determined by the Board or has fulfilled the commitments as otherwise provided by agreement between the Board and the governmental entity. (3) Where applicable, the owner, developer, or Customer has recorded the plat or final preliminary approval has been received, monuments or markers are in place, lot lines staked, sewers installed, streets at finished grade(before gravel and curb and gutter installation), sidewalk grading completed, and the ground in workable condition. (4) Construction during the winter season will only occur at the Board's discretion. F. Adequate Pressure and Flow Capacity The Board shall not make Water Distribution System extensions unless adequate pressure and flow capacity is available at the location of the Water Distribution System extensions as determined by the Board. Variances from the Board's flow and pressure capacity requirements may be granted in writing by the Board and where applicable, the governing Fire Marshal. Where Water Distribution System reinforcement is required to provide adequate pressure and flow capacity at the location of the Water Distribution System extension, the Customer, governmental entity or other benefiting parties shall bear the cost of such Water Distribution System reinforcement. Approved: 05/27/2008 Page 23 of 38 Effective: 07/01/2008 WATER Lansing Board of Distribution System Extensions Water and Light Water Rule and Regulation 10 OWN G. Permits All permits will be obtained by the Board or its agent, except as provided in Rule 9"Water Customer Choice Program", before construction is initiated. H. Staking Requirements The Customer shall provide all staking as required by the Board for installation of the Water Distribution System extension. Inquires regarding staking requirements should be directed to the Board's System Integrity& Customer Projects Department. I. Fire Hydrants Water Distribution Svstem extensions shall include fire hydrant coverage as determined by the Board or governmental entity. Fire Hydrants designated as Private Hydrants shall be billed according to Rate Schedule 6 and are the responsibility of the property owner. J. Oversizing of Distribution System Extension To meet the needs of existing and future Customers within the governmental area(s), the Board may choose to install a larger size Water Main than that needed for the Water Distribution Svstem extension. In such cases, the cost of oversizing shall be borne by the benefiting governmental entity(s) or as provided for in the agreements between the Board and the governmental entity(s). Where the Board has determined that oversizing of a Water Main is needed for its own purposes, the Board shall be responsible for the cost of such oversizing. K. Economic Development Considerations Where the Board determines that the Water Distribution Svstem extension will promote development that provides substantial and sustainable economic benefits to its Customers or the Lansing region, the Board will consider an offset to its fees and charges and/or an economic incentive subject to its availability. Where a Customer has obtained an approved Lansing Brownfield Plan and entered into a Brownfield Reimbursement Agreement with the Lansing Brownfield Redevelopment Authority (LBRA), The Board, subject to agreement with the LBRA, may seek reimbursement for its Water System Connection Fee (Rate 3 of the Board's Rate Schedule) directly from the LBRA. In the event the Board is not reimbursed for its Water System Connection Fee from the LBRA, the Customer shall be required to pay the remaining amount due. L. Easements and Tree Removal Permits Where the Board has agreed to construct the Water Distribution Svstem extension in an easement and prior to such construction, the owner(s), developer(s) or Customer(s) shall be required to furnish, at no expense to the Board, recordable easements in a form satisfactory to the Board. The easement shall grant right-of-ways suitable for the ingress, egress and the installation and maintenance of the Water Distribution System extension including any Water Distribution System equipment as designed by the Board for present and future service. The owner, developer, or Customer shall also, in a form satisfactory to the Board, grant the Board permission to trim and remove trees as necessary to protect the integrity of its distribution system and the safety and welfare of its employees and the public. Approved: 05/27/2008 Page 24 of 38 Effective: 07/01/2008 WArE" R' a� Lansing Board of Distribution System Extensions Water and Light Water Rule and Regulation 10 In the event the required easements and tree removal permits are not provided by the owner(s),developer(s) or Customer(s)for such extension,the Board may elect to construct all or any part thereof along public highways or other private property. In such event, the Board may require the owner(s), developer(s) or Customer(s) to pay the added construction expense occasioned by the use of such highways or other private property, plus any expense encountered in acquiring permits and easements on other private property when necessary to provide service to the owner(s),developer(s)or Customer(s). M. Non-Standard Equipment Where the Customer requests that the Board utilize equipment which differs from its normal specifications, purchased or installed, the Board may elect to provide such non- standard equipment with the Customer paying any additional cost. N. Non-Standard Construction Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. O. Other Facilities It will be the responsibility of the owner(s), developer(s) or Customer(s) to identify and provide locations of any existing privately owned underground Facilities such as lawn sprinkler systems, field drainage systems, septic tanks, Customer owned electric lines, etc. If privately owned Facilities are not properly located, the Board does not assume responsibility for any damage to these Facilities. P. Construction Date of Distribution System Extension The Board will, based on availability of work crews and material, and subject to approvals of the appropriate regulatory agencies, utilize best efforts in constructing the Water Distribution System extension to meet a mutually agreed upon date or as required by agreement between the Board and the governmental entity. 2. Water Facility Relocations and Removals: (1) At the request of a Customer or developer, or as required due to a conflict, or to meet Board Standards,the Board will relocate or remove its water Facilities provided: A. The relocation or removal is feasible and meets Board Standards. B. The Customer or developer obtains approval from all Customers impacted by the proposed relocation. C. The relocation or removal does not degrade water reliability or quality. D. All governmental approvals,permits and easements are obtained Prior to any relocation or removal of water Facilities, the Customer or developer shall be required to make a nonrefundable contribution in aid of construction. The aid in contribution of construction shall reimburse the Board for all relocation and removal costs including material, labor, the cost of breaking and repairing streets, walks, parking lots, driveways, etc., repairing lawns,replacing shrubs, flowers, etc., and any right-of-way costs as per this Rule 10,plus the cost Approved: 05/27/2008 Page 25 of 38 Effective: 07/01/2008 WATER R&LIGHT Lansing Board of Distribution System Extensions Water and Light Water Rule and Regulation 10 of any necessary modifications to the Board's Water Distribution System affected by the relocation or removal, less the salvage value of any portion of the water Facilities removed. (2) If, at any time subsequent to completion of the Water Distribution System extension, it is found that Water Mains or related Facilities are not at the correct location or at the proper elevation due to changes beyond the control of the Board, the Customer or developer shall reimburse the Board to relocate Water Mains or related Facilities to the correct location or at the proper elevation. Approved: 05/27/2008 Page 26 of 38 Effective: 07/01/2008 wATE"—'aa Lansing Board of Services Water and Light Water Rule and Regulation 11 Services 1. General The Customer Water Service shall be furnished, installed, owned and maintained by the Board except as otherwise provided in Rule 9 "Water Customer Choice Program". In the course of maintaining or repairing a Customer Water Service, the Board shall bear no responsibility for damage incurred or restoration to areas where the Customer Water Service passes under any area not readily accessible. The Customer shall be responsible for additional repair costs due to these encumbered services. The Service Location shall be specified by the Board and shall be located so that the Board's service Facilities meet or exceed all clearance requirements and applicable local codes. Should it become necessary for any cause beyond the Board's control to change the Service Location, the entire cost of any changes in the Customer's service shall be the responsibility of the Customer. Should it become necessary for the Board to reinforce or upgrade the Water Distribution System to accommodate the requested service, a nonrefundable contribution in aid of construction shall be required as determined by Rule 10.1.D. 2. Temporary Water Service Temporary water service is available to contractors and others for construction activities, sewer flushing, festival usage, and bulk tanker fill etc. The charge for such temporary water services shall be as specified in Rule 15. 3. Domestic Water Service A. General It shall be the Customer's responsibility to determine the correct pipe size for the Customer Water Service prior to making application. Plans shall be submitted to the Board's System Integrity & Customer Projects Department for services two inches(2") and larger or unusual connections. Customer Water Services shall be installed from the Water .Ntain to the Customer's building or metering manhole or pit in the most direct manner. The pipe comprising the connection shall cross only that legally described property upon which the building to be serviced is located. It is the intent of the Board that all underground water pipes to the meter or meter manhole or pit be installed and maintained by the Board. However,where unusual or special circumstances exist or as allowed by Rule 9 "Water Customer Choice Prorrrarn", the Customer may request approval to install underground water pipes. Applicants shall submit plans and specifications to the Board's System Integrity& Customer Projects Department for approval prior to installation. No person other than an authorized employee or agent of the Board shall open or close the outside valve (curb stop) on the Customer Water Service. No person except an authorized Board employee, agent of the Board or as allowed by Rule 9 "Water Customer Choice Program" shall tap, revamp or connect to a Water Main or any of the pipes comprising the Customer Water Service. Approved: 05/27/2008 Page 27 of 38 Effective: 07/01/2008 WATE&TIGHT Lansing Board of Services Water and Light Water Rule and Regulation 11 B. Customer Connections to Board Facilities It shall be the Customer's responsibility to connect his plumbing to the Customer Water Service or meter-set installed by the Board. All work shall be in firll compliance with all applicable plumbing codes. Where the water Meter Set is installed inside, the Customer shall connect by first installing a valve at the outlet of the Meter Set. Where it is required that the Meter Set be installed outside in a meter manhole or pit, the Customer shall connect at the outlet of Meter Set. The customer shall install a shut-off valve after the outlet of the Meter Set, normally installed at the inside wall of building to be served.. The customer shall be responsible to install, own and maintain Customer Piping from the outlet of the Meter Set and the customer shall be responsible to install, own and maintain the meter manhole or pit structures which house the Meter Set, except where the Board has retained ownership. No connection to the Customer Water Service shall be allowed except at the outlet side of the Meter Set. C. Charges For standard installations, the Customer shall pay a "Water Service" charge for the cost of the Customer Water Service installation prior to construction, in accordance with Rule 15 in a manner as determined by the Board. Where a water service connection is made from a Water Main subject to a "Front Foota�,Te Recovery"charge, such charge shall be as stated in Rule 15. All new Customer Water Service connections made to Water Mains shall be subject to a System Connection Fee in accordance with Rate Schedule 3 of the Board's Water Rate Schedules and any applicable charges contained in agreements between the Board and the governmental entity. Where, in the Board's judgment, practical difficulties exist such as unexpected governmental requirements, frost or wet conditions, contaminated soil, rock within the excavation surface, or where it is necessary to deviate from the Board's approved construction standards or established distribution system design, the Board may require the Customer to pay for the additional cost resulting therefrom. Where it is necessary for installation of a Customer Water Service to be scheduled during the "Winter Construction Period" as defined in Rule 15, the Customer may be required to pay a "Winter Constriction Charge"as established therein. The Customer shall be responsible for additional repair costs due to encumbered Customer Water Services or damage as a result of negligence, willful damage or carelessness by the Customer, owner or tenants. 4. Fire Service A. General The Board will provide water service for the sole purpose of providing direct fire protection. This service may include but is not limited to: (1) Public Fire Hydrants (2) Private Fire Hydrants (3) Connection to fire sprinkler systems Approved: 05/27/2008 Page 28 of 38 Effective: 07/01/2008 WATER IGHT Lansing Board of Services Water and Light Water Rule and Regulation 11 The Board owns and maintains all hydrants and all Fire Services up to the point of entry to the Customer's building, except were Customer Owned Hydrant or Fire Services are connected after the Board's metering point. An approved backflow prevention device shall be installed on the Fire Service and detector check by-pass line. The backflow devices shall be installed, owned, tested and maintained by the Customer. Test results shall be sent to the Board's System Integrity & Customer Projects Department. A detector check by-pass meter shall be installed, owned and maintained by the Board to monitor water consumption through the Fire Service. Water used for fire fighting is paid through the monthly Fire Service charge and is not metered. The Customer shall contact the Board's System Integrity & Customer Projects Department for fire system testing. In addition to the monthly Fire Service charge, the Customer shall be billed for excessive use of water for fire system testing and any water used from the Fire Service for non-fire fighting purposes. The Board reserves the right to inspect Fire Service installations. Fire Services are also subject to Rule 1 1.3.A. B. Charges The Board shall assess a"Fire Hydrant"charge as stated in Rule 15 prior to the installation of any individual fire hydrant. The Customer shall pay the Fire Service installation cost prior to construction. The Customer shall be responsible for additional repair costs due to encumbered Fire Services or damage as a result of negligence, willful damage or carelessness by the Customer, owner or tenants. 5. Lawn Sprinkler(Irrigation) Service Where a Customer requests that a separate meter be installed in parallel to an existing meter or that a separate meter be installed in conjunction with a new service installation for water use that does not enter the wastewater system and is permitted by the local governmental entity, the Customer shall pay the amount specified in Rule 15 prior to installation. Such separate meter shall be furnished and installed by the Board at an acceptable location. In no case shall this meter be larger than the service line size. The Customer shall install a valve at the outlet of the meter-set. An approved backflow prevention device shall be installed on all lawn sprinkler/irrigation services. The backflow devices shall be installed,owned,tested and maintained by the Customer. 6. Water Facility Relocations and Removals The Board will relocate or remove its water Facilities in accordance with Rule 10.2. 7. Lead Service Pull Ahead Program A. Where a customer has an identified lead service and desires to have that service replaced before the BWL Schedule Replacement date AND the customer does not qualify to be included in the Sensitive Population Replacement Schedule, the customer is eligible for a credit against the cost to replace the service and or stub as stated in Rule 15. B. For direct replacements of 1"or less standard copper service size the customer will utilize the Customer Choice Program(Rule 9). Approved: 05/27/2008 Page 29 of 38 Effective: 07/01/2008 WATE�I® Lansing Board of Services IM Water and Light Water Rule and Regulation 11 C. For direct replacement of service and or stub greater than 1"the Customer Project engineer will estimate the replacement and credit. D. For all upgrades, renovation and split services the Customer Projects engineer will estimate the replacement and credit. Approved: 05/27/2008 Page 30 of 38 Effective: 07/01/2008 TATE"RkLIGe Lansing Board of Booster Pumps Water and Light Water Rule and Regulation 12 Booster Pumps Where the Customer uses a booster pump to increase pressure to the Customer's internal plumbing, the pump shall be of such capacity to maintain the suction side of the pump at or above 35 psi. Where a jockey pump is used to maintain pressure on fire sprinkler systems or other unmetered Fire Service,the jockey pump must take suction from a metered Customer Water Service. The Customer shall suitably pipe, valve and protect all booster pumps such that the boosted pressure will not cause backflow into the Board's Water Distribution System. _ All booster pumps having a capacity that could develop velocities in excess of 10 feet per second in the Customer Water Service shall have modulating valves installed on the discharge so that start-up or shut-down pressure surges will not be generated back into the Board's Water Distribution Svstem. Approved: 05/27/2008 Page 31 of 38 Effective: 07/01/2008 waTE'�ickr Lansing Board of Water Storage Facilities Water and Light Water Rule and Regulation 13 Water Storage Facilities Where the Customer desires to maintain a stored water facility of any type (elevated storage tank, ground storage tank, etc.) that is directly connected to the Board's Water Distribution System, the storage vessel must be approved by the Board and any other agency or regulatory body with jurisdiction over the facility. Applicants shall submit plans and specifications to the Board's System Integrity& Customer Projects Department for approval prior to installation. The Customer must use a metered Customer Water Service for water used to fill, flush, and/or overflow such storage tanks,including those tanks used for fire protection purposes. The stored water facility shall include provision for protection against backflow into the potable water system as outlined in Rule 14. Approved: 05/27/2008 Page 32 of 38 Effective: 07/01/2008 77TE- 77 Hr Lansing Board of Cross Connection sm Water and Light Water Rule and Regulation 14 Cross—Connection 1. General A Customer shall not create or allow any actual or potential physical connection between a potable water line and a non-potable fluid, such that it is possible for the non-potable fluid to enter the potable water system. Potable water is provided to the Customer subject to the Board's Cross Connection Control Program which is available by contacting the Board's offices at 1232 Haco Drive, Lansing or on the Board's Internet Web site at www.lbwl.com. 2. Installation of Backflow Prevention Devices The Customer will be required to install a Backflow prevention device on a Customer Water Service to assure containment when the Board determines that an unprotected Cross-Connection exits. The Backflow prevention device shall be purchased, installed, tested and maintained by the Customer. The Customer must obtain the Board's approval of the type and manufacturer of the device. The Customer shall install the device at the termination of the Customer Water Service at the outlet side of the secondary valve and shall be installed in accordance with good design practice. Unprotected bypasses are not permitted. If, in the opinion of the Board the building use represents an extreme hazard, or that multiple hazards exist within the building, or Customer Piping (internal or external) is too complex to provide for reasonable inspection, or there exist a high potential for future cross connections, a backflow prevention device may be required at the Service Location, in addition to internal protection. 3. Inspection and Maintenance of Backflow Prevention Devices Backflow prevention devices must be installed in an area that will permit easy access for inspection, testing, and maintenance. The Board shall specify inspection and testing of all backflow prevention devices on a regular schedule. If a device is found to be defective, the Customer shall repair or replace the equipment as necessary within thirty days. The Customer shall then notify the Board of compliance. Test results shall be sent to the Board's System Integrity & Customer Projects Department. The Customer shall permit access for inspection by the Board of any backflow prevention devices and all internal plumbing with reasonable prior notice. 4. Compliance The Customer must immediately correct any potentially hazardous backflow condition found during an inspection of internal plumbing. Failure to take adequate corrective action may result in termination of water service. 5. Severe Hazard Locations Customer Water Services serving the following Facilities must be protected against backflow. A safe air gap or reduced pressure backflow preventer is generally specified for the following uses: (1) Hospitals,clinics, sanitariums and biological research centers (2) Morgues,funeral homes and other places with autopsy Facilities Approved: 05/27/2008 Page 33 of 38 Effective: 07/01/2008 WATER aucH"T Lansing Board of Cross Connection IN Water and Light Water Rule and Regulation 14 (3) Waste-treatment plants (both solid and liquid waste) (4) Chemical plating plants (5) Industrial plants having complex plumbing systems not visually traceable in their entirety (6) Premises with an auxiliary water supply (7) Premises where inspection is restricted (8) Laboratories (9) Marinas (10) Food and beverage processing plants (11) Petroleum processing or storage plants (12) Radioactive material processing plants (13) Premises with reclaimed water systems (14) Facilities using treated water for process purposes A pressure-type vacuum breaker is recommended for the following uses: (1) Underground lawn sprinkler systems (2) Irrigation systems 6. Secondary Supplies A Customer's potable water plumbing cannot be connected to any well-water or surface water source, or to any water storage tank not approved by the Board. Approved: 05/27/2008 Page 34 of 38 Effective: 07/01/2008 WATER&LIGH Lansing Board of Schedule of Fees & Charges Water and Light Water Rule and Regulation 15 Schedule of Fees & Charges WATER FEES and CHARGES When A hed Charge Charge Description pp Water Main Installation Based on design including fire protection Firm price quote,not to exceed coverage quote or at cost Water Main Front Footage Recovery /of the charge for either side of street if not previously collected. $55 /ft On 6" S70 /ft On 8" $110 /ft On 12" $135 /ft On16" When requested b Fire Hydrant Installation 9 y Customer Firm Price Quote Up to and incl. 1"Water Service Main-to-Curb Box Stub on previously $2,000 per stub plus installed water mains restoration cost Curb Box-to-Building(Trenched) $800 minimum,$17 /ft in excess of 45 feet plus restoration cost Curb Box-to-Building(Bored) 51,850 minimum,$39 /ft in excess of 45 feet plus restoration cost Indoor Meter Set—Standard $195 Water Services(BWL Installed) Indoor Meter Set-With Split Irrigation $265 Outdoor Meter Set with Meter pit $2,055 Outdoor Irrigation Meter Set with Meter pit $2,055 Outdoor Meter Set with Meter pit—Customer $120 Choice Program(labor only) (Connection Fee applicable) Retrofit of existing service to allow for split $410 irrigation service Charge for setting meter on a split service after S75 initial installation Greater than 1"Water Service Firm price quote Main-to-Curb Box Stub Curb Box-to-Building Firm price quote Meter Set—greater than 1"less than 3" Firm price quote service Meter Pit set—Customer Choice $165 Program(labor only) Spilt Irrigation Service Firm price quote Page 35 of 38 Approved: 05/27/2008 Effective: 07/01/2008 WATEu'GHT Lansing Board of Schedule of Fees & Charges Water and Light Water Rule and Regulation 15 WATER FEES and CHARGES Charge Description When Applied Charge Lead Service Pull Ahead Program Reimbursement of actual cost up to the following Credits- Utilizing Customer Choice schedule Program Up to and including 1"diameter lead services and stubs-direct replacement to BWL Standard Stub(Main-to-Curb Box) S 1,520 credit maximum Service(Curb Box-to-Building) S 1,380 credit maximum Stub and Service $ 2,900 credit maximum Greater than 1"Diameter lead services and stubs- Estimated Credit direct replacements to BWL standard For all Upgrades,Renovations and Split Services of Estimated Credit existing lead services to BWL standard Winter Construction Charge Water Services7and derS15 /Trench ftGreater than 2" ice Firm price quote December 15—March 31 In addition to normal charge Damage Meter Charge Upon occurrence For services: Up to 1" =S200 1 %=Labor and Material* 2"=Labor and Material* *minimum charge of S400 Hydrant Flow Testing When requested by Customer $250 ea. -7 Bulk Water Permit Fee Initial application fee Bulk Water Renewal Fee $110 ea Consumption Fee Yearly (Filled at Hazel Street Yard Hydrant) $30 yearly For commodity used S Commodity charge/ccf +chemical charge- calculated according to current General Water Service Rate 2. Domestic Service Inspection Fee Each inspection visit for 2"or less diameter services $75 ea. (Customer Choice Program) only—no engineering drawings or service evaluation required. Permit Application Initial request by contractor seeking qualification $250 (Customer Choice Program) Annual Contractor's Qualification Annually permit fee S 150 (Customer Choice Program) Approved: 05/27/2008 Effective: 07/01/2008 Page 36 of 38 WATE® Lansing Board of Schedule of Fees & Charges Water and Light Water Rule and Regulation 15 WATER FEES and CHARGES Charge Description When Applied Charge Engineering,Inspection and On-site mains and commercial services Deposit.of5%for inspection, Administration actual cost of inspection that (Customer Choice Program) are less than or exceeding deposit will be reimbursed or billed. Additionally a nonrefundable 3%for engineering and admin for projects based on BWL Estimated construction cost of $100,000 or less Deposit of 4%for inspection, actual cost of inspection that are less than or exceeding deposit will be reimbursed or billed. Additionally a nonrefundable 2%for engineering and admin for projects based on BWL estimated construction cost of >$100,000 $1,000 minimum non refundable fee for construction inspection and$600 minimum non refundable fee for engineering-and administration. Temporary Hydrant Usage for Within BWL service area for construction use construction,festivals and governmental special use by special Permit Fee per project $150 permit. (A) 1"RPZ backflow device plus $380 if required. Commodity fee $45 month or portion thereof (B) 2"RPZ backflow device plus $720 if required Continued on next page Commodity fee $130/month or portion thereof (C) Other approved backflow prevention device Cost based on estimated usage Temporary Hydrant Usage for Non-compliance fee $250 deposit construction,festivals and governmental special use by special Hydrant wrench S45 permit. Continued from previous page Water Theft Penalty Fee $500 1"occurrence Up to$1500 2nd occurrence Up to S5000 3`d occurrence and permit revocation Festivals,non-profit or otherwise 1" 1-3 days=$100 -includes rental of RPZ 4-7 days=$300 8+days=$500 2" 1-3 days=$250 4-7 days=$500 8+days=$750 Metered use for approved governmental special use Setup and removal cost plus —includes rental of RPZ Residential Water Service Rate 1 commodity charge. Approved: 05/27/2008 Page 37 of 38 Effective: 07/01/2008 WATE�UGHT Lansing Board of Schedule of Fees & Charges so Water and Light Water Rule and Regulation 15 WATER FEES and CHARGES Charge Description When Applied Charge Security Deposits—Residential For all new customers unless waived by conditions stated in Rule 7. Water&City Sewer $1 l2 Water Only $43 Security Deposits—Commercial& For all new customers unless waived by conditions 2 times average monthly bill Industrial stated in Rule 7. Connect fee 7:30 a.m.—5:30 p.m.weekdays No charge After 5:30 p.m.on weekdays or weekends and $l35 holidays Reconnection Fee Non-pay(Normal hours) 7:30am—5:30 pm weekdays S25 Non-pay(Other than normal hours) After 5:30 p.m.on weekdays or weekends and $135 holidays Meter Tampering Any time $135 Missed Appointment,No Show,No After second occurrence,per occurrence $30 access Fee Non Sufficient Funds(NSF)Fee For Non Sufficient Funds on Checks S30 Meter Calibration Charge Customer request meter calibration check is within $90 plus or minus 1.5%of accuracy Charges other than those published Relocations,repeat thawing,damages,etc. At cost Approved: 05/27/2008 Page 38 of 38 Effective: 07/01/2008 Approved by the Board. May 27, 2008 MINUTES OF THE BOARD OF COMMISSIONERS' RESCHEDULED MEETING LANSING BOARD OF WATER AND LIGHT Tuesday, March 25, 2008 The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Hack Drive, Lansing, Michigan. Present: Commissioners Robert Cochran, Tony DeLuca, Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: Commissioner Joseph Graves The Secretary declared a quorum present. Chairperson James called the meeting to order at 5:30 p.m. APPROVAL OF MINUTES Motion by Commissioner DeLuca, seconded by Commissioner Cochran, to approve the minutes of the rescheduled regular board meeting held January 29, 2008. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT OR ON ANY OTHER SUBJECT NOW, OR AT THE END OF THE MEETING. There were no public comments. COMMUNICATIONS None. COMMITTEE REPORTS Board Meeting Page 2 of 31 March 25,2008 WATER&LIGHT Xemefown People. Hometown Power. BOARD RETREAT SUMMARY February 1, 2008—8:30 a.m. to 1:30 p.m. The James B. Henry Center for Executive Development 3535 Forest Road—Lansing Present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Peter Kramer, Frank Lain, Julee Rodocker, and Sandra Zerkle. Absent: None Facilitator: Bryan Singletary, President of Practical Energies Staff Present: Acting Corporate Secretary Rosemary Sullivan The Board of Commissioners met with Facilitator Bryan Singletary on day one of the board retreat to receive guidance regarding board development and strategic planning in relation to Board of Water and Light (BWL) matters. Facilitator Bryan Singletary informed the Commissioners that the American Public Power Association may present a workshop in the near future on governance roles and responsibilities in Lowell, Michigan. For example, the Commissioners role is to set policy and hire and direct the Chief Executive Officer (i.e. General Manager). Whereas, staff's role is to focus on operational, financial, and engineering needs of the BWL, which includes but is not limited to customer complaint response. Strategic planning is structural, and looks at the future of the utility, based on market, consumer technology, and financial issues. A strategic plan is a living, written document that expresses consensus of the governing board on the future outcome of the utility. The roles of the Commissioners are to: • Hold staff accountable • Represent all consumers • Insure long-term success of the utility • Approve the budget • Evaluate the GM • Help the organization stay on course • Audit every aspect of the organization Value Mission Statements are an expression of what the organization wants to become. Value Statements are explanations of how one is expected to behave around others and how one values its stockholders. A Mission Statement is an explanation of what the company does and why it exists. Page 3 of 31 Board Meeting March 25,2008 Mr. Singletary presented a slide of the following exercise: Vision Statement Exercise a.) As an organization moves forward we will be..... b.) As a public power sector our governance structure will be characterized by..... c.) Our customers will view us as..... d.) What will we be known for in the community..... e.) We will lead through..... f.) Our employee's will describe the organization by..... Value Statement of Exercise: What are 4 to 6 core values the organization and employees should have? How will you value your: a.) Key Accounts b.) Commercial Customers c.) Residential Customers d.) Employee's e.) Community f.) Other Departments Mission Statement Exercise: Describe what the organization does: a.) Provide reliable utilities b.) Cost effectiveness c.) Ensure long term power discussion for the long haul d.) Environmental stewards e.) Planning new market strategies f.) 600 kW—last power plant Strength and weaknesses are internal, opportunities and threats are external (SWOT= Strength—Weaknesses - Opportunities—Threats) What are strengths of the BWL? Low rates • Top quality water • Good service • Reliability The Commissioners brainstormed a master list of issues that the BWL must have in order to do well and move towards a vision consistent with its values and mission: a.) Reliable cost effective power long term power supply b.) Human Resource Department-work to keep workforce healthy, insure reliable people power, succession planning c.) Evaluate direct reports accurately—General Manager, Internal Auditor, and Corporate Secretary d.) Labor relationships e.) Identify renewable energy resource opportunities—diversify quality Page 4 of 31 Board Meeting March 25,2008 f.) Customer service—maintain quality g.) Public image (advertising) customer public image h.) Maintain communication mechanism with public i.) Maintain sufficient cash for good bonding rates, maintain good bonding capabilities j.) Continue to seek Operations &Maintenance (O&M) cost reductions k.) Establish budget/perform budget maintenance 1.) Continue to identify new markets for sales m.)State of the art Information Technology operations, i.e. smart metering mobile tracking n.) Ensure public and workplace safety o.) Hold GM accountable to strategic issue metrics p.) Demand side management and efficiency programs q.) Maintain compliance The Commissioners again brainstormed items for information they would like to receive from the GM on a monthly basis: a.) Budget Compliance b.) Schedule Compliance on Capital Projects c.) Safety Metrics d.) Progression on Strategic Initiatives (issues) e.) Legal Updates f.) Press Releases (courtesy call) g.) What questions—CAIDI, SAIDI(reliability measures). How BWL did compared to others? h.) Customer Satisfaction i.) Employee Satisfaction j.) Management to Report on Community Involvement k.) Monthly Written Report on What GM has Done (maintain positive image) 1.) Regulatory Compliance m.)Rate Comparison n.) Financial Report o.) Information Technology Report Update Submitted by Rosemary Sullivan Acting Corporate Secretary The report will be filed with the minutes of the March 25, 2008 Board meeting. WATER&LIGHT IN. Hometown People. Hometown Power. BOARD RETREAT SUMMARY February 2, 2008—8:30 a.m. to 1:00 p.m. The James B. Henry Center for Executive Development 3535 Forest Road—Lansing Page 5 of 31 Board Meeting March 25,2008 Present: Commissioners Robert Cochran,Tony DeLuca, Joseph Graves, Semone James, Peter Kramer, Frank Lain, Julee Rodocker, and Sandra Zerkle. Absent: None Staff Present: General Manager J. Peter Lark,Executive Director and Chief Financial Officer Susan Devon, Executive Director of Operations Dick Peffley, Executive Director of Strategic Planning and Development George Stojic, Director of Production George Bibbings, Communications Director Mark Nixon, Director of Engineering Doug Wood, Government Relations Manager Calvin Jones and Corporate Secretary Rhonda Jones. On day two of the Board retreat, the Commissioners met with staff members to discuss strategic planning in relation to the Board of Water and Light (BWL). As such, General Manager J. Peter Lark discussed the need for the BWL to start thinking about its long-term electric generation plans. In essence, the BWL will look at renewables, energy efficiency and building a power plant to replace 120 mW (which are Eckert units 1-3 initially and units 4-6 eventually). Staff is working to obtain more landfill gas, making hydro's operational, and creating an energy efficiency program. It was also noted that staff worked with the Department of Environmental Quality (DEQ) regarding the mercury rules and air quality relative to the Eckert Station units. In addition, it would cost the BWL more money to cleanup the stacks than it is worth due to their current age and anticipated life span. It takes approximately 7-10 years to build a plant. Therefore, it is necessary to make decisions regarding whether to build a plant, partner with another entity or do nothing at all. Additionally, the BWL may also want to consider building and/or partnering to build a gas plant. The cap and trade program(which allows a certain amount of populants in the environment and also allows for the buy and sell of those allowances) will increase the cost of natural gas and will be dependent upon the results of the upcoming presidential election. Listed below are various facts regarding power plants in the state of Michigan. Plant Information: • Few plants have been built in the U.S. within the last 5-10 years. • Last base load plant built in Michigan was 1985. • Demand increased due to consumption and plant retirements. • The last nuclear plant built in the United States (U.S.) was 1979. • Detroit Edison (DTE) plans to build a nuclear plant, which should take 12-15 years. • Building a nuclear plant is not an option for the BWL due to size, cost, and opposition to build in the Lansing area. It was noted that during the plant consideration process, the BWL should form a community group that would be responsible for making recommendations relative to building a plant. Listed below is the suggested timetable for the upcoming project: • Receive integrated resource plan—March 2008 • Form community group—April 2008 • Receive community group recommendation(s) —July 2008 • File (if applicable) with the DEQ—Fall 2008 Page 6 of 31 Board Meeting March 25,2008 e existing response to a Commissioner question, staff noted that theynderre unsure n w enviro if nmental rules.ermit In p at Erickson Station would allow for a new plant to be built u However, they would check and see if it is possible. George Sto'ic,Executive Director of Strategic Planning and De plane ent.rev re a ew ad presentation materials en dressed titled, "Electric Generation Expansion number of items that specifically included the electric planning o°tions,rgenerating istorical a Q generating capacity, new resourcep sales, demand growth, existing g g p technologies, planning goals and contingencies as well asreliab ditm affordability and minimizing goals to consider in the electric planning process include Y risk. Electric planning process Forecast future electric peak demands and annual energy requirements • Identify inventory of operating its over planning horizon • un• Determine if additional resources are needed • Evaluate resource options to determine which resources best meet the need Li sted below is a brief summary of some of the specific points discussed during the presentation. • BWL forecast for retail sales load; 1.1 million mWh or one third of sales go to non-retail customers. BWL is long on base load generation, containing u its out by the year over 3 plants. • year 201 g • BWL anticipates taking some of the Eck • BWL also anticipates an overall 1.4% growth rate Commissioner Zerkle departed at 10:27 a.m. BWL ownership interest in Belle River is a long-term contract with MPPA until the plant is • taken out of service. Natural Gas— 1/3 more drilling wells are dedicated to natural gas. Supply is currently at • and prices are expected to increase.• in which the Environmental Retooling equipment can trigger new source review (NSR) Protection Agency can require air emissions controls. Eckert Power Plant NSR retrofit exposure and replacement costs include the following: • Air Emission Control Equipment $80,000,000 Selective Catalytic Reduction 130,000,000 Flue Gas Desulfurization 3,000,000 ACI with Polishing Filter 3,200,000 Annual O&M Water Intake Regulations $46,000,000 Closed Loop Water Cooling 146,000 Annual O&M Page 7 of 31 Board Meeting March 25,2008 Listed be low are the net unit heat rates per British thermal units (Btu,$) of input for each Kwh generated per new plant technologies and existing facilities. New Combined Cycle units—6,860to (Natural gas fired combined cycle units are verdue to l high gas pcient and r ces.)produce steam. They are only utilized a few months in a year New Circulized Fluidized Bed—9,837 CFB can burn almost anything including renewables. However, it is a little less efficient than pulzarized coal.) New Pulzarized Coal—9,643 Erickson— 10,645 Eckert 6— 11,759 Eckert 5 — 11,770 Eckert 4— 11,652 Eckert 3 — 12,330 Eckert 2— 13,062 Eckert 1 - 12,864 New Resource Options Traditional generating plants - Coal -Natural gas • Renewable energy • Energy efficiency • Load management • Market purchases Renewable Energy Options • Landfill gas—High reliability at• 97%. Hydro—Moores River is an option. • Wind—Availability is 25%. • Solar • Biomass—Is a possibility. Commissioner Zerkle returned at 11:13 a.m. In addition to the above items, staff reported that Sargent estimated that the BWLy is doing a site lysis build a generation facility. It w regarding the building of a new g at the site as well. 550 mW plant but it could also build the smallesnsu rcri tical with the BWL as they do not have Other municipalities have expressed an interest i partnering good op n the transrrussion tions BWLs The after 2010. If the BWL decides to partner with BWL is e pulling out of the MPPA will be the respective partners issue and not the . ective If the BWL covers its 1 and the have been notified to that effect resp ryou l oad Power Pool gh the MPPA for third party and what is needed for MPPA then the BWL still has to work through Page 8 of 31 Board Meeting March 25,2008 new plants in China and India has caused prices to rise in the United sells. Huge demand for States. In order to determine the cos t to build a new plant: multiply the number of kW's that one wool need by the cost per kW takes lace prior to taking bonding action. The BW st stream w would ill incarn rease Receiving air permits t P that the revenue from excess capacity is relatively so going on the bonds until it starts paying to actually build the plant. The r a until the project takes flight also noting DTE and Consumers Energy cost BWL cost will eventually increase. However, 1 120 mW of needed generation. faster ace than the BWI-• In addition, it was further advised that risk exposure to heighten at a fa p could be determined by how much the BWL exceeds the initial o February 2, 2008 is the Electric Generation Expansion Planning presentation dated A copy f on file in the once of the Corporate Secretary. Reca o Strate is Plannin Session—Da One that fined se elements ra a missioners presented staff with a list of item contain represented their strategic The Board of Com one of the board retreat. The listeady planning discussion from dayit was noted that ff is alr ent master issues, and reporting metrics• ed that he General Manager mission statement, Manager develop a working on many of the issues. However, it was sugges would incorporate the master issues and reporting the masterissues ononranb the strategic plan that would like to be ke t abreas I board retreat. In addition the Board w• in the project. The s an staff i regular Or uarterl basis. The information present damework to beg a of whatpt e Commissioners would like to see in the plan an cation would include the time s agreed that they would like to receive communication from staff as tot e Commissioner g 2008. The Comm framework of the strategic plan by May o. ts. needed to complete the plan,persons assigned to the task, and talking p In response to the overview,Peter Lark noted his reluctance to state what staff would have w. prepared by May 2008, as he has not worked on this topic until o rocess as In response the Com missioners clarified that the BWI-should formalize General Manager they are already working on many of the tasks. It was also conveyedd ensure that he is in r e ent with the plan. The time to digest what was discussed e that the ideas for the retreat are carried forward andth t the not Commissioners also want to ens forgot ten. Furthermore,the reports stipulated in the p°de of the BWLiI p Board of Commissioners abstains from the opera There being no further business the meeting ended at 1:05 p.m. Submitted by Rhonda Jones Corporate Secretary minutes of the March 25, 2008 Board meeting. The repor t will be filed with the page 9 of 31 Board Meeting March 25,2008 Report of the Joint Meeting of the Summary P ht Commissioners Board of Water nsingCity Lig Lansing Council and La September 279 2007 at Board of Commissioners Chair, Santiago Rios called the meeting to rder Ha co Drive,Lansing,- The meeting was held in the Boardroom of the Administrative Of ices, 1232 Michigan. The following Commissioners were present: Robert Cochran, Joseph Graves, Semone James, Peter Kramer, Santiago Rios, Julee Rodocker, and Sandra Zerkle. Absent: Commissioner Robin Smith. Brian Jeffries,Tim Kaltenbach, A Councilmember's Present: Kathy ey D d Carol Wood1 unbar (arrived at2Absent: Councilmember's Sandy Allen and Harold Leeman,Derrick Qu Y William Matt. City staff members were not present. cial Officer Susan Devon, er J. Peter Lark, Chief Fin an orate BWL Staff Present: General Manager er of Governmental Relations Calvin Jones, Corp Executive Director Dick Peffley,Manager Secretary Rhonda Jones, and Administrative Secretary Rosemary Sullivan. Sec Business Y resentatives Present: Business Manager Joseph ay. and President Manager Ron Byrnes, A IBEW Local 352 Repssistant Business Manager Jim D Dolores Appling. joint meeting was to present an update to City Council on the following The purpose of the Joy topics: Public Comment There were no public comments. Agenda Items: ear cycle. ' mina. J. Peter Lark, General Manager reported d of its that the Board of Water l, Update on Tree Trim b goo job with tree trimming and is at is doing a g J the process of and Light (BWI-) g Service contract continues to be reviewed ri ndim ork to the City of Lansing. is in The Wright Tree crew and contract g establishing one in-house tree is trimming crew at this project and others in a broad perspective. It was also noted that hi Waer Agreement. Mr. Lark noted than aat s eeable solutihe,met with Joe ons 2. Update on Delta Townsp relative t Delta Township Supervisor and is optimistic that they will workou b to issues involving the water agreement. ard of 3. Update on Rul es of Procedure. Commissioner Rios refroported igham Smith, City Attorney. Commissioners received input on the Rules of Procedure Board Meeting Page 10 of 31 March 25,2008 They were amended and approved at the September 25, 2007 Board meeting and will be resubmitted to the City Attorney and Council for approval as to form and final adoption. 4. Update on Safety Improvements. Mr. Lark noted that the BWL is considering the implementation of a safety incident plan. Whereas, employees are rewarded for going one year without a safety incident. They are reviewing a monetary and non-monetary reward system so that employees will know that management takes safety seriously. Joseph Davis, Business Manager and Dolores Appling, President of IBEW Local 352 recommended that proactive solutions such as, purchasing equipment and maintaining safety often works better than incentives. At times, monetary incentives cause people to work against one another and gives employees a sense of entitlement. It was noted that one must change their overall thought process regarding safety. 5. Update on Financials for Fiscal year end 2007. Susan Devon, Chief Financial Officer (CFO) reported the following net income for fiscal years 2006 and 2007. FY06 FY07 Electric $15,000,000 gain $22,700,000 gain Water 2,200,000 loss 900,000 gain Steam 5,300,000 loss 800,000 gain Chilled Water 1,100,000 loss 850,000loss Councilmember Wood inquired as to the status of negotiations between the BWL and City administrators regarding the payback contingency for the street light rider. Mr. Lark advised City Council that he was unaware of any negotiations regarding the payback contingency contained within the street light rider. He also noted that the payback period has commenced and the City of Lansing is on schedule with regards to repayment. Councilmember Dunbar asked if the City of Lansing and the BWL has had discussions regarding the annual amount charged for the Fire Department to tap fire hydrants. She further indicated that the Fire Department was assuming responsibility for consumption that is unrelated to their departments use, i.e. street sweepers. City Council will refer the question to Jerry Ambrose, Mayor's Chief of Staff for further discussion. 6. Update on Removal of Lead Pipes. It was reported that the BWL is ahead of schedule and is in the process of adding another BWL crew to assist with the removal of lead pipes. Customers with special priorities, i.e. churches, hospitals, community centers, etc. has been addressed and the removal process is essentially following the CSO Project. In response to a question from City Council, BWL staff noted that they would follow-up with Council regarding customer's ability to determine when their lead pipes will be replaced. City Council and the Commissioners also discussed increasing the BWL's involvement in the CSO Project to help increase efficiencies and reduce cost. Board Meeting Page 11 of 31 March 25,2008 An Ad Hoc Committee on Workforce Development comprised of Commissioners, staff persons, and union representatives was formed to look at tree trimming, high school partnerships, present BWL employment and the development of capacity to allow the BWL to do more work in-house. Corresponding cost benefit analysis of work presently done by external parties will also be taken into consideration during the review process. 7. Update on Public Relations. Mr. Lark advised Council that there have been several positive things that have recently occurred. Some of those items include the Renewable Portfolio Standard, an upcoming change a light announcement with the Mayor of Lansing and Urban Options, as well as a future BWL project involving the exchange of old incandescent light bulbs for compact fluorescent lamps (CFL's). 8. Update from the Director of Internal Audit. Susan Devon, CFO reported that the Internal Audit Department has completed three audits that include fuel procurement, procurement cards, and coal audit. Two requests for proposals (RFP) are also being developed relative to the SAP Controls Assessment and deferred benefit plan advisors. They will also conduct a feasibility study regarding the implementation of Sarbanes-Oxley. 9. Update on CSO Project. The BWL continues to work with the Public Service Department to coordinate work necessary due to the CSO Project. In response to Council's inquiry, BWL staff noted that they continue to receive customer complaints that are monitored on a daily basis. In addition, staff also confirmed that the BWL recoups cost whenever contractors dig into utility lines that were properly marked. 10. Update on Organizational Structure and Strategic Plan. Mr. Lark noted recent additions to the executive management team that include Susan Devon, Chief Financial Officer and George Stojic, Executive Director of Strategic Planning and Development. It was also advised that Dick Peffley was named Executive Director of Operations. In addition, the General Counsel position is currently vacant but has been posted and individual persons are now in charge of each respective power plant. Mr. Lark further noted that he has enjoyed his time at the BWL. He is very positive and upbeat and believes that they have a fine team in place. Joseph Davis, Business Manager of MEW Local 352 announced his scheduled departure from the BWL for a position with the MEW as an International Representative. He noted that there have been leadership changes at the BWL over the last several years and hopefully, they now has a team in place that will lead the company into the future. Mr. Davis advised everyone of the importance of having a good relationship between management, City Council and city leaders, as they are all charged under City Council and the City of Lansing. He also spoke about the importance of the Ad Hoc committee and the relevance of the work before them, i.e. training and technical committees. He went onto note that the BWL has a good program in place with good leaders. Commissioner Rios further advised that there is a good working relationship between the Board of Commissioners and management. He sees everything as positive and very optimistic. In addition, the Board of Commissioners is presently planning a joint retreat with key management staff to establish objectives. Board Meeting Page 12 of 31 March 25,2008 11. Pending Litigation. Mr. Lark directed City Council to the materials that were contained in the meeting packet. 12. Other. Calvin Jones. City Council congratulated Calvin Jones on his recent promotion to Manager of Governmental Relations. They also thanked him for his hard work and efforts in responding to their questions and concerns. Streetlights. Councilmember Woods reported streetlights out on Mt. Hope Avenue between S. Cedar and Martin Luther King Jr. Boulevard. She also inquired into the BWL's strategic plan for streetlights, as one light out can make a huge difference in a neighborhood. Mr. Lark reported that Dick Peffley is in the process of developing a program in which to monitor all of the streetlights and change out those that are older in existence. Special Thanks. Councilmember Woods thanked the Board of Commissioners and staff for condolence cards and contributions made in honor of her mother's passing. Compact fluorescent lamps (CFL's). Councilmember Dunbar reminded everyone that although CFL's are energy efficient they are not recyclable. It is important to advise customers that they are mercury-based light bulbs that save electricity but cannot be tossed away in the same fashion as traditional light bulbs. She also suggested either placing a sub-depository at either the BWL or the City Recycling Station to allow for easy and proper disposal of CFL's. Welcome. Councilmember Quinney welcomed Peter Kramer to the Board of Commissioners. He also announced and invited persons to participate in the upcoming American Diabetes 5k Walk scheduled for Saturday, October 61h at Oldsmobile Park at 9:00 a.m. The meeting adjourned at 1:24 p.m. The report will be filed with the minutes of the March 25, 2008 Board meeting. Joint Meeting of the Board of Water and Light Commissioners and Lansing City Council February 18, 2008 City Council President Brian Jeffries called the meeting to order at 8:55 a.m. The meeting was held in the Regency I Room of the Radisson Hotel, 111 N. Grand Avenue, Lansing, Michigan. Commissioners Present: Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: None. Board Meeting Page 13 of 31 March 25,2008 Councilmember's Present: Kathy Dunbar, Eric Hewitt, Brian Jeffries, A'Lynne Robinson and Carol Wood. Absent: Councilmember's Sandy Allen, Tim Kaltenbach and Derrick Quinney. BWL Staff Present: General Manager J. Peter Lark, Chief Financial Officer Susan Devon, Executive Director of Operations Dick Peffley, Executive Director of Strategic Planning and Development George Stojic, Director of Internal Audit Susan Pifer, Director of Engineering Doug Wood, Manager of Governmental Relations Calvin Jones and Corporate Secretary Rhonda Jones. IBEW Local 352 Representatives Present: Business Manager Ron Byrnes and Assistant Business Manager Jim Dravenstat-Moceri. City Staff Present: Mayoral Chief of Staff Jerry Ambrose and Legislative Office Manager Terese Horn. The purpose of the joint meeting was to present an update to City Council on the following topics: 1. Update on CSO Project. General Manager J. Peter Lark gave a brief overview of the CSO Project in which it was noted by Mayoral Chief of Staff Jerry Ambrose that the Board of Water and Light (BWL) would enter into a memorandum of understanding should both entities agree that the BWL would take on some of the CSO work. The BWL would also determine if there is a need to hire additional employees for this particular project. In addition, Commissioner Cochran advised that his objective was to ensure that the BWL hires new employees to work with existing staff members to help maintain the BWL's skilled labor force when the existing workforce retires. 2. Update on Strategic Planning. Mr. Lark reported that Executive Director of Operations George Stojic is currently working on an integrated resource plan that would address strategic planning. The BWL currently forecast an annual electric growth rate of 1.4% over twenty years. The Mayor and City Council has expressed interest in city growth, i.e. Accident Fund, Police Triangle, etc. As such, the BWL hopes to meet load growth with renewables and energy efficiencies. There is a need for the BWL to determine a way to service its customers reliably and effectively by 2018. The BWL must also determine its options relative to reliance on MISO, building a plant or partnering with Consumers Energy (CE) who has extended an offer to the BWL to buy into their new plant. In addition, the BWL plans to develop a Lansing area citizens group to receive community input. In response to Council questions, Mr. Lark noted the following: • Eckert Station Offline - The BWL does not intend for Eckert Station to come offline for a long time because it can still run Units 4-6. The primary concern resides with Units 1-3 and the need to determine a course of action under new environmental rules by 2018. • Green Power and the Strategic Plan—The BWL will rollout an energy efficiency program fall 2008. The BWL's renewable program requires $.03 more per kWh, which is inexpensive. However, staff is working to bring that cost to $.01 to $.01 1/2 per kWh. The Board Meeting Page 14 of 31 March 25,2008 BWL's green power cost is relatively the same as CE. However, even with those costs BWL's total rates including green power costs are below CE's normal rates by approximately 25%. It was also clarified that if the BWL does not sell all of its green power then it must absorb the cost. However, the BWL hopes that the new program will increase participation and offset some of the absorption cost. In response to a Councilmember's suggestion to spread the cost over the entire customer base, Mr. Lark noted that utility companies do not typically act in such a manner. The primary reason being a customer's reluctance to pay for a service that they did not request. Therefore, the BWL is working to reduce the cost and thereby, increase overall involvement. • Patty Ache Bill—The BWL does not have a position on the Patty Ache Bill. 3. Update on Water Bonds. In response to Council's question regarding the acceleration of the lead line program, Mr. Lark noted that the BWL is ahead of schedule and already accomplishing said task. Council inquired about the fly ash pit clean up and the timeline to have said project completed. In response Director of Engineering Doug Wood noted that the BWL recently awarded bids for the contract. Therefore, City Council should start to see the clean up project move forward in 2008. The BWL is also working with the Drain Commissioner and the Department of Environmental Quality regarding an easement. 4. Update on Ottawa Station/Phoenix Project. Mr. Lark noted that construction of the new chilled water facility slated for Pine and Allegan is scheduled to begin fall 2008. He confirmed that the BWL would work with multiple entities such as, the CSO Project, Lansing Community College and Ottawa Station to coordinate traffic issues during the construction period. In response to a Council question, it was verified that there is intent to have a Project Labor Agreement in place for the Ottawa Station Project. 5a. Update on Tree Trimming. In response to Council's question regarding the tree trimming process, staff advised that the BWL has a total of seven (7) trucks. Only those homes directly affected are notified of pending tree trimming work. The BWL is in the process of listing the designated areas and upcoming schedule on its website. Commissioner Lain suggested that the BWL and the City of Lansing consider placing both respective tree trimming schedules and parameters on the public access television channel. Staff also confirmed that the City's tree trimming crew is available to the BWL. Wright Tree Service does not have exclusive rights to the BWL's tree trimming work. In addition, it was also suggested that the BWL and City of Lansing coordinate efforts to minimize the number of tree trimming trips to the same respective areas. 5b. Update on Lead Line Replacement Program. It was reported that the BWL is ahead of schedule in replacing lead service lines. As of January 2008, approximately 5,100 (40%) were replaced with an expectation that the BWL will have completed approximately 5,600 (43%) by Board Meeting Page 15 of 31 March 25,2008 fiscal year end. This schedule will place the BWL head of schedule by approximately 100 services. In response to a Council question regarding foreclosures and access, staff noted that the increased rate of home foreclosures has slowed the process. However, the BWL can typically locate a contact person to gain access into the basement of a home in order to complete the lead service replacement. 6. Update on Power Plant Replacement. See item number 2. 7. Update on Financials. Mr. Lark gave a brief financial update in which he noted a 2.48% rate of return effective six months year ended December 31, 2007. However, BWL policy requires a 4% return on assets. The initial fiscal year 2007-08 budget was relatively stringent, resulting in cost overruns. Commissioner Cochran also advised and the General Manager concurred, that deferred maintenance issues based on past management practice has caused unscheduled budgeted items to development. Chief Financial Officer Susan Devon advised that one of the financial issues involves the transfer of funds from the Defined Benefit (DB) to the Retiree Benefit Plan and Trust (VEBA). Recent market changes have affected the assets value. Therefore, staff must wait and see what happens with the market, as funds must be transferred to the VEBA plan. 8. Update on Ad Hoc Committee on Workforce Development. Staff reviewed information provided in the meeting handout that gave an overview of the BWL's efforts regarding the following: • First Step Program—High school to work based learning program • Joint Technical Training Committee—The committee is in the process of developing a centralized technical training program for staff throughout the BWL • Anti-Harassment Policy Training—All BWL employees are scheduled to partake in anti- harassment training from December 2007 through February 2008. • Substance Abuse Awareness Training • Integrated Management Team Development Training • Diversity Council—Created by the General Manager in 2007, the council will propose a diversity plan and plan of action to the Board of Commissioners. The council will also create an advisory panel during the third quarter of 2008. 9. Update on BWL Rules of Procedures. The Board of Commissioners advised City Council that the BWL's Rules of Procedures is awaiting final approval by City Council. As such, the Board requested an update on its status. In response after brief discussion, Council President Brian Jeffries noted that City Council would take up the matter in approximately 2 weeks and requested that a BWL representative be present at the meeting if possible. 10. Other. Parliamentary Training. Commissioner James, Board Chair advised City Council that the Board of Commissioners is scheduled to attend parliamentary training at the BWL. As such, she Board Meeting Page 16 of 31 March 25,2008 extended an invitation to City Council to receive training in this area if interested. Secretary Jones will advise Legislative Office Manager Terese Horn of the training date once confirmed. Electric Supply. In reference to electric generation, Commissioner Lain noted that the primary difference in electric generation is the supply side. It is better for the BWL and its future to control the source of its electric generation. Quarterly Meetings. Council President Brian Jeffries noted and the General Manager agreed that the quarterly joint meetings are very beneficial. In addition, Mr. Lark welcomed City Council to contact for any reason, he advised new council members to schedule a BWL plant tour at their convenience. Dye Water Plant. In response to Council questions regarding water plant tours, Executive Director of Operations Dick Peffley advised that there are plans in the works to reopen the water plant for future tours. There being no further business the meeting ended at 9:58 a.m. The report will be filed with the minutes of the March 25, 2008 Board meeting. EXECUTIVE COMMITTEE March 13, 2008 The Executive Committee of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:10 p.m. on Thursday, March 13, 2008. Executive Committee Chair, Semone James called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, Semone James and Julee Rodocker. Commissioners Tony DeLuca and Frank Lain (5:20 p.m.) were also present. Absent: None Public Comments There were no public comments. Commissioner Retiree Appreciation Discussion Executive Committee members suggested that the Board of Commissioners consider different Commissioner retiree appreciation gifts in lieu of the traditional honoree dinner held upon retirement from the Board of Commissioners. Estimates for various suggested gift items were handed out to committee members as sample gift ideas. The suggestions included dinner and a movie, dinner and a Wharton Center show, and overnight stays at the English Inn, Great Wolf Lodge, Mackinaw Island, or the Soaring Eagle Hotel. After brief discussion, the Executive Committee agreed that the gift options were good ideas provided that the respective commissioner receives the option to make their own gift choice. The committee also agreed to Board Meeting Page 17 of 31 March 25,2008 make the retiree appreciation gift retroactive to former Commissioner Santiago Rios in lieu of the honoree dinner. The gift would not exceed an amount of$500.00; and the Corporate Secretary is responsible for designating the monetary split for the respective gift certificate, i.e. dinner and hotel stay, dinner and Wharton Center event, etc. It was further advised that the gift certificate should not be intended for alcoholic purchases. On motion by Commissioner Cochran, seconded by Commissioner Rodocker to form a resolution to move the item to the full board for consideration. Action: Carried unanimously. Budget Updates: Board of Commissioners, Internal Auditor and Corporate Secretary It was advised that Santiago Rios and Robin Smith no longer sit on the Board of Commissioners. As a result, the balance of their budgeted miscellaneous monies were allocated to new Commissioners based on ward appointment for the remainder of fiscal year 2008 for responsibility area (RA) 108. Susan Pifer Director of Internal Director confirmed that she did not anticipate overages for RA 106. It was also confirmed that a large portion of money would be spent utilizing the services of Plante &Moran. There being no further discussion, the meeting adjourned at 5:23 p.m. Respectfully submitted, Semone M. James, Chair Executive Committee The report will be filed with the minutes of the March 25, 2008 Board meeting. COMMITTEE OF THE WHOLE March 13, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Thursday, March 13, 2008. Committee of the Whole Chair, Julee Rodocker called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves, Semone James, Frank Lain and Julee Rodocker. Absent: Commissioners Peter Kramer and Sandra Zerkle. Public Comments There were no public comments. Board Meeting Page 18 of 31 March 25,2008 Customer Satisfaction Survey Andrew Morrison of Market Strategies International (MSI) presented the results of the Lansing Board of Water and Light (BWL), 2007 Annual Customer Satisfaction Survey dated March 2008. MSI has performed customer satisfaction surveys for the BWL since 1978. They also conduct similar surveys for approximately 50 other utilities including Detroit Edison. The results were positive and the report contains specific results relative to various questions. It was noted that customers relate to utility companies depending on their household characteristics or demographics of the service area. The surveys objectives include the following. • Trend the Board's overall satisfaction level and customer perceptions of the utility's performance on various activities and relationships. • Assess the utility's communications and community involvement activities, and the impact of customer awareness and reactions to media coverage of the Board. • Provide the Board with a utility industry benchmarking perspective on the utility's performance. • This type of survey is typically used by utility managers to identify relative strengths and weaknesses and to help determine future activities to address customer need and concerns. It was noted that there is a large education gap regarding consumer's knowledge of the environment, renewables, alternative technologies and its impact on the utility industry. It is believed that one of the responsibilities of the industry is to educate the public regarding these issues. Reliability versus cost is a tradeoff and it would be beneficial for consumers to have that understanding. It was further advised that using the BWL Connections Newsletter to inform customers of changes is one of the best channels for direct contact. There is good readership and it is an important vehicle to utilize in sharing information with customers. Those who are regular or occasional readers of Connections generally are much more positive toward the BWL than those who do not read it. The newsletter demonstrates the BWL's ability to preserve the level of positive response. The BWL is generally in the 1" quartile of the benchmarking summary compared to the national residential benchmarking database. The BWL has sustained its lst quartile status position for nearly 30 years, which is a great accomplishment. It was further advised that once customers get past the rate perception then they are primarily concerned about reliability and customer service. Therefore, one must maintain positive responses in those areas. In response to a Commissioner question, Mr. Morrison noted that the BWL can build on its perception of care about the community by continuing its long-term program of events and activities that involve community issues. Examples of such items include economic development, school sponsorships, and community partnerships. It was suggested that community events such as, Adopt-A-River develop a strategic plan similar to what is done for generation or customer service in order to gain leverage. By way of Commissioner recommendation, it was suggested that the survey be included in the Connections Newsletter to expand the sample size. However, in response to the suggestion Mr. Morrison noted that it would be difficult to scientifically blend together a scientific pole with a volunteer random pole. It was recommended that Connections maybe useful in obtaining customer ideas or suggestions. However, it could not be weighted properly to give the proper scientific results. Board Meeting Page 19 of 31 March 25,2008 Summaries of the survey findings are presented below. • The Board continues to perform well with regard to customer evaluations, with no particular weaknesses of note. • There are several topics that Market Strategies discusses with all of its utility clients in terms of sustaining a positive relationship with customers: • Rate moderation and effective communication to help customers understand why rate increases occur, when they do occur; • Strong, consistent, error-free operating performance; • Attention to economic circumstances; • Environmental and energy efficiency plans and activities; and • Using communication channels and messaging effectively to support and sustain the positive relationship or mitigate problems or concerns. A complete copy of the Lansing Board of Water and Light, 2007 Annual Customer Satisfaction Survey dated March 2008 is available in the office of the Corporate Secretary. Proposed Diversity Plan Susan Devon, Chief Financial Officer (CFO) introduced the proposed diversity plan and members of the Inclusion and Equity Diversity (IED) Council that included Cheval Breggins, Calvin Jones, Amy Ranno and Tracy Tolbert. The purpose of amending the corporate diversity policy is to enhance diversity prospects at the BWL. It was noted that the former corporate diversity policy is no longer in place due to Proposal 2. Therefore, staff requested that the amended policy be adopted to move forward as a foundation for the diversity plan. The IED Council gave an overview of the Inclusion and Equity Diversity Action Plan that included the following topics: • Organizational Assessment Survey, Interviews and Reporting • Developing the Inclusion and Equity Diversity Plan • Developing the Diversity Advisory Panel • Training and Communications • Diversifying the Workforce and Community Outreach The Commissioners commended the IED Council for an impressive presentation and encouraged them in their efforts regarding diversity. They also noted their concern regarding vendor and contractor diversification and wanted staff to ensure that those parties are also addressed in the ongoing action plan and program. In addition, the Commissioners advised staff that they do not want the project to fall through the cracks and they would also like to see it as a sustainable budgeted line item. In response to Commissioner questions, staff noted that they are seeking the growth and development of a diverse pool of suppliers, which is noted in the policy. It is also the BWL's goal to reflect the community that it serves. Although, a timeline was not included in the presentation materials the IED Council is considering a 5-year plan. Staff also noted that the organizational assessment survey, interviews and reporting, which will be conducted by Public Policy Associates will cost$15,000. Board Meeting Page 20 of 31 March 25,2008 On motion by Commissioner James, seconded by Commissioner Cochran, the Committee of the Whole agreed to move the proposed resolution to amend the Corporate Diversity Policy to the full board for consideration. Action: Carried unanimously. STEP—School to Training & Employment Program Dallas Burdick, Education and Training Administrator gave an overview of the BWL's School to Training and Employment Program (STEP). The purpose of the newly developed program is to expose local area high schools students to careers in the utility industry. The BWL has partnered with Ingham Intermediate School District, Eaton Intermediate School District, Lansing School District, Clinton County RESA, and Lansing Community College in developing the parameters for said program. The BWL also consulted with the Department of Labor and Capital Area Michigan Works. IBEW Local 352 is also involved in the program in that it agreed to provide eight (8) bargaining unit employment opportunities to assist with the program in helping to meet the BWL's needs for skilled labor. The program will target sixteen (16) participants of which eight will be offered full time employment at the programs end, and the other eight will be awarded $1,500 scholarships to Lansing Community College to help further their education. The Commissioners expressed support for the program and its intended purpose. They also asked staff to ensure that at risk students and those without parental involvement have opportunity to participate. The Commissioners suggested that students receive education regarding workplace expectations, i.e. dress. They also expressed concern regarding the diversity of the positions being offered and the potential male to female ratio. It was suggested that staff consider partnering with other entities including parochial schools and the Art of Leadership program. The Commissioners also noted the need to ensure that there is adequate funding in the budget to support the program. In addition, the Commissioners asked IBEW Local 352 Assistant Business Manager Jim Dravenstat-Moceri to consider expanding the number of bargaining unit positions made available to the program. In response to the request, Mr. Dravenstat-Moceri advised that he would discuss the request with Executive Committee, as future retiree potentials could allow the bargaining unit to expand the number of available positions. Update on Bonding Susan Devon, CFO gave a brief update regarding the Tenth Supplement Revenue Bond resolution passed at the January 29, 2008 board meeting. On February 8, 2008, rating agencies, Moody's and Standard & Poor's affirmed the BWL's bond ratings. Moody's affirmed the BWL's Aa3 rating and Standard & Poor's affirmed the BWL's AA- rating. As such, the BWL submitted a qualifying standalone statement on February 13, 2008 to the Michigan Department of Treasury (MDOT) based on its own financial statements not including that of the City of Lansing. As a result, MDOT determined that the BWL is in material compliance with criteria in section 303(3) of Public Act 34 of 2001 and authorized the BWL to issue municipal securities without need for its further approval. MDOT's approval thereby allows the BWL to move forward with the bond issuance as scheduled. The Preliminary Official Statement will be Board Meeting Page 21 of 31 March 25,2008 distributed to the public on March 12, 2008 and the BWL expects to move forward with a competitive bidding process on March 19, 2008. Resolutions Honoring Retired Commissioners On motion by Commissioner Cochran, seconded by Commissioner James, the Committee of the Whole agreed to forward the resolutions Honoring Retired Commissioners Gary Calkins, Santiago Rios and Robin Smith to the full board for further consideration. Action: Carried unanimously. There being no further business, the meeting adjourned at 7:16 p.m. Respectfully submitted, Julee M. Rodocker, Chair Committee of the Whole The report will be filed with the minutes of the March 25, 2008 Board meeting. FINANCE COMMITTEE March 20, 2008 The Finance Committee of�� `a�of the Board of Water and Light met at the Executive Offices, Lansing beginning at 4:00 5-40 p.m. on Thursday, March 20, 2008. Finance Committee Chair, Joseph Graves called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, Semone James and Peter Kramer. Commissioner Frank Lain, alternate committee member was also present. Absent: None Public Comments There were no public comments. Proposed Rate Restructuring (Senior Citizen Customers) Bill Aldrich, Manager of Finance and Planning gave an overview of the proposed Rate Restructuring for Senior Citizen Customers. The proposed change recommends a basic service charge reduction of$2.00 effective July 1, 2008, which would result in a subsidy of$60,231. However, if the reduction were $4.00 then it is estimated that the subsidy would cost approximately $120,000. If approved by the Finance Committee then the proposed rate restructuring would require a public hearing be held on May 22, 2008. It was also noted that any rate reduction significantly higher than what was recommended would require subsidies from other ratepayers. The rate change would effectively move the breakeven point from to 570- kilowatt hours to 620-kilowatt hours (kWh). Therefore, a senior citizen rate customer would benefit on this rate provided they average 620 kWh or less per month. It was further noted that Board Meeting Page 22 of 31 March 25,2008 approximately 1,800 persons are currently on the senior rate with an estimated 8,000—9,000 senior citizens in the BWL's territory. Staff also noted that the rate change information would be communicated to the general public via the Connections Newsletter. The Finance Committee discussed the proposal and obtained understanding from staff regarding its impact and implications of the breakeven point. It was suggested that staff communicate the percentage decrease of the rate restructuring to allow for better appreciation of the proposal. On motion by Commissioner James, seconded by Commissioner Kramer, the Committee of the Whole moved the proposed Rate Restructuring for Senior Citizen Customers to a Public Hearing to be held on May 22, 2008 at 5:30 p.m. Action: Carried unanimously. Mini SOX & Internal Controls Update Susan Pifer, Director of Internal Audit gave a high level update of Mini SOX and Internal Controls. A Enterprise Risk Management, Internal Controls Steering Committee handout entitled, "Building A Foundation" was provided to committee members during the meeting. It was also advised that Plante &Moran are onboard and documentation will be put in place for the benefit of internal and external auditors. The project objectives for SOX Risk Assessment and Pilot Scoping are listed below. Project Objectives • Compliance with new risk assessment standards (SAS 104— 111) or the "Spirit of SOX" • Perform risk assessment for significant financial statement accounts and related business processes • Develop methodologies for documenting and testing internal controls for key business process and sub-processes The Finance Committee commended Ms. Pifer for pushing the topic forward due to its importance relative to internal controls. Commissioner Cochran also suggested that board members attend the APPA conference class regarding SOX standards if possible as the class was very informative. On motion by Commissioner Cochran, seconded by Commissioner James, the Committee of the Whole approved board member SOX training scheduled for May 15, 2008. Action: Carried unanimously. SAP Controls Assessment Audit Manager John Nobis of Plante &Moran noted that they presented their SAP Control findings to management, noted their agreement and how they plan to move forward. In response to a Commissioner question, Ms. Pifer noted that the SOX project is not dependent on SAP. Therefore, it is not necessary for all of the SAP modules to be in place to proceed. In addition, bound copies of the SAP Control Assessment dated March 2008 were scheduled for distribution following the meeting. Board Meeting Page 23 of 31 March 25,2008 Internal Auditor Update & Organizational Review No discussion took place regarding this matter. Please see committee packet materials for details. Other Commissioner Retiree Appreciation Gifts. The Finance Committee discussed the proposed resolution regarding Commissioner Retiree Appreciation Gifts. The discussion centered on technical requirements and the public appearance of providing such a gift. Some thoughts concerning the proposed resolution included the appearance of compensation, the elimination of a social opportunity for staff and board members to mingle, the need to issue a 1099 form and the ethics policy. During discussion, it was suggested that the Board honor the Commissioner(s) prior to the end of their appointment. Therefore, the Commissioner(s) would receive a complimentary BWL watch and dinner prior to their exit from the Board. Another suggestion included allowing exiting Commissioners the opportunity to invite former Commissioners or staff members to participate in their respective honoree dinner. After further discussion, the Finance Committee took the following action: On motion by Commissioner Cochran, seconded by Commissioner James moved the proposed resolution for Commissioner Retiree Appreciation Gifts to the full board for consideration. Action: The motion carried by the following vote. Yeas: Commissioners Cochran, Graves and James. Nays: None Abstain: Commissioners Kramer and Lain. In response to a Commissioner question, Charles Moore of C.L. Moore & Associates advised that the gift certificate would be considered compensation regardless of the amount because it is not an expense. The honoree dinner however would not be considered compensation. It was also confirmed that the threshold for a 1099 is $599.00. Following brief discussion, the Finance Committee took the following action: On motion by Commissioner James, seconded by Commissioner Lain, to revisit the topic at the April 2008 Committee of the Whole meeting after due diligence has been completed by the Director of Internal Audit, General Counsel and C.L. Moore &Associates. The proposed resolution will not be moved to the full board at this time. Action: Carried unanimously. There being no further business, the meeting adjourned at 4:58 p.m. Respectfully submitted, Joseph E. Graves, Jr., Chair Finance Committee The report will be filed with the minutes of the March 25, 2008 Board meeting. Board Meeting Page 24 of 31 March 25,2008 MANAGER'S RECOMMENDATIONS esolution 2008-3-I A. Amend the Corporate Diversity Policy WHEREAS, the Lansing Board of Water and Light, the customers we serve, and our service areas include a broad spectrum of individuals with diverse backgrounds, cultures and experiences; WHEREAS, the Lansing Board of Water and Light is more than water, electricity, steam, and chilled water; we are hometown people working together to improve the quality of life in our community; WHEREAS, the Lansing Board of Water of Light is committed to becoming an industry leader in hiring, promoting, and retaining diverse and resourceful employees who will ensure stronger partnerships with our customers, our communities, and our legislators; WHEREAS, on October 30, 2007 the General Manager announced a new strategic diversity initiative for the Lansing Board of Water and Light that will embrace the diverse backgrounds, cultures and experiences of our current and future employees, recognize their inherent strengths, and allow us to work together as we become the most diversified and successful utility company in the nation; WHEREAS, diversity is a vital component of the Lansing Board of Water and Light's future business success by attracting and retaining a talented workforce, boosting creativity, improving the work environment, and creating a positive image and reputation within the community we serve; WHEREAS, a critical step in the development and implementation of a diversity program is the adoption of a corporate diversity policy; RESOLVED, that the Board of Commissioners recognizes and values the unique backgrounds and perspectives of the BWL's workforce and wishes to promote, integrate, implement and evaluate a variety of diversity initiatives that better serve our employees, customers, and our community and therefore; FURTHER RESOLVED, that the Board of Commissioners adopt the proposed Corporate Inclusion, Equity and Diversity Policy; CORPORATE INCLUSION, EQUITY, AND DIVERSITY POLICY As a public utility, the Lansing Board of Water& Light (BWL) recognizes the importance of inclusion, equity, and diversity among its workforce, suppliers, and in the communities that it serves. BWL generates its revenues from a broad cross-section of rate-payers, representing a diverse community of people. In recognition of that fact, and in recognition of the importance of diversity to the BWL and its rate-payers, the BWL will aggressively B Page 25 of 31 Board Meeting March 25,2008 support the growth and development of a diverse pool of suppliers, applicants, and employees, with the intent of making opportunities available to all genders, ethnic groups, races, sexual orientations, socio-economic statuses, ages, physical abilities, religions, and localities. BWL's goal, under corporate diversity, is to create an environment which values inclusion, equity, and diversity as enhancements to the products and services it offers to its ratepayers. The General Manager, or a designated representative, shall establish a diversity program consistent with this policy. -------------------- Motion by Commissioner Cochran, seconded by Commissioner Lain, to approve the Amended Corporate Diversity Policy. Action: Carried unanimously. esolution 2008-3-2 B. Senior Citizen Rate Restructuring WHEREAS, the rate schedules of the BWL were subject to a general increase of 7% for the electric utility effective March 1, 2008, a general increase of 7% for the water utility effective March 1, 2008, and a general increase of 6% for the steam utility effective March 1, 2008 for electric, water, and steam consumption on or after March 1, 2008; and WHEREAS, the general rate increase of 7% is also applied to Rate Schedule No. 21, the BWL's electric senior citizen rate; and WHEREAS, other Michigan utilities provide special senior citizen electric rate schedules with larger discounts than are offered under the current BWL senior citizen rate; and WHEREAS, public comments support larger discounts for the BWL's senior citizen rate schedule; and WHEREAS, a$2.00 reduction in the monthly service charge under the BWL's Rate Schedule No. 21 electric senior citizen rate would provide a larger discount for customers utilizing BWL's senior citizen rate, and will bring the discounts available under the BWL's senior citizen rate closer to comparable rates provided by other Michigan utilities. RESOLVED, that a proposed $2.00 reduction in the monthly service charge for Rate Schedule No. 21, the BWL's electric senior citizen rate,be made the subject of a public hearing prior to further consideration by the Board of Commissioners. RESOLVED FURTHER, that the Board of Commissioners hereby sets the date of Thursday, May 22, 2008, at 5:30 p.m. for a public hearing to solicit public input on the proposed $2.00 Pave 26 of 31 Board Meeting March 25,2009 reduction in the monthly service charge for Rate Schedule No. 21. The hearing will be held in the Board of Water and Light's offices, 1232 Haco Drive, Lansing. The Corporate Secretary is directed to file with the City Clerk, no later date of Apri 2008, information regarding the proposed rate decrease with an effective Y l, 2008. ELECTRIC: Residential Senior Citizen—Rate 21 (Attachment A) -------------------- Motion by Commissioner Kramer, seconded by Commissioner Cochran, to approve the Senior Citizen Rate Restructuring. Discussion: In response to Commissioner James question regarding the percentage effect of the rate reduction, General Manager Peter Lark noted that he could not give the exact number. However, the average senior on Rate 21 typically has a 20% lower bill than their residential neighbors. Therefore, with the new restructured rate it would add an additional 9% reduction off of the already reduced rate. Commissioner James also advised that she hopes staff will take the opportunity to enlist more senior customers on the program and they will publicize that the BWL is trying to help senior customers in this area. Action: Carried unanimously. UNFINISHED BUSINESS None. NEW BUSINESS None. RESOLUTIONS esolution 2008-3-3 BOARD OF WATER AND LIGHT RESOLUTION HONORING GARY CALKINS WHEREAS, it is a pleasure to extend this expression of our thanks and best wishes to Gary Calkins for his service as a Commissioner of the Board of Water and Light; and WHEREAS, Gary Calkins was appointed to the Board of Commissioners on February 23, 2004 as an At-Large Commissioner. He served on the Finance Committee, Human Resources Committee, Nominating Committee and, Executive Committee during his term as a Commissioner; and Page 27 of 31 Board Meeting March 25,2009 WHEREAS, Gary Calkins' past employment with the State of Michigan and his service in numerous community organizations such as the Landlord's Association Jee f ids all Michigan, d Newsboys, Camp Highfield, Lansing Symphony and Lansinga enhancing the quality of life at the Board of Water and Light and the best interest of citizens, business, and industry in Lansing; and ater and Light and WHEREAS, on behalf of his colleagues, employees ° 0nerdy,a of nd talen he devoted the citizens of Lansing, ewe offer our sincere Board of Water and Light.de for the time, g as a Commissioner of th RESOLVED, That the members of this body herebo or and In commend ar 3 ssion this ry Calkins upon leaving this Board with over three years of distinguishedears of 251h day of March 2008, we wish Gary success in all his future endeavors and many y well-deserved enjoyment on the golf course. BOARD OF COMMISSIONERS Semone M. James, Chair Julee M. Rodocker, Vice Chair Robert W. Cochran Peter W. Kramer Frank Lain Tony DeLuca Joseph E. Graves, Jr. Sandra Zerkle Motion by Commissioner Zerkle, seconded by Commissioner Cochran, to approve the resolution honoring former Commissioner Gary Calkins. Discussion: Commissioner James commended former o a d ss one ht.r Gae also ary cknowledged the ins on his years of service and positive contribution to the Board of Waterg appreciation dinner held in his honor. Action: Carried unanimously. esolutio�12008-3- BOARD OF WATER AND LIGHT RESOLUTION HONORING ROBIN M. SMITH Board Meeting Page 28 of 31 March 25,2008 WHEREAS, it is a pleasure to extend this expression of our thanks and best wishes to Robin M. Smith for her service as a Commissioner of the Board of Water and Light; and WHEREAS, Robin M. Smith was appointed to the Board of Commissioners on September 23, 2002 as a Third Ward Commissioner. This Board wishes to acknowledge her many contributions to the Board of Water and Light, the City of Lansing and its citizens; and WHEREAS, Robin served on the Finance, Executive and Nominating Committees and as an alternate on the Human Resource and Ad Hoc Committee on Workforce Development. She also served as the Board Chair during fiscal years 2004, 2005, and 2006; and WHEREAS, Robin is a teacher with the Lansing School District in the areas of language arts and literacy, and was previously employed by the Michigan State Chamber of Commerce; and WHEREAS, Robin is a lifelong resident of Lansing whose commitment to service in her community is demonstrated through a rich history of personal involvement. RESOLVED, That the members of the Board of Water and Light Commissioners hereby honor and commend Robin M. Smith upon leaving this Board with over five years of distinguished service. In Regular Session this 251h day of March 2008, we sincerely wish Robin continued success in all her endeavors. BOARD OF COMMISSIONERS Semone M. James, Chair Julee M. Rodocker, Vice Chair Robert W. Cochran Peter W. Kramer Tony DeLuca Frank Lain Joseph E. Graves, Jr. Sandra Zerkle Motion by Commissioner Kramer, seconded by Commissioner Zerkle, to approve the resolution honoring former Commissioner Robin Smith. Action: Carried unanimously. Board Meeting Page 29 of 31 March 25,2008 esolution 2008-3- BOARD OF WATER AND LIGHT RESOLUTION HONORING SANTIAGO RIOS WHEREAS, it is a pleasure to extend this expression of our thanks and best wishes to Santiago Rios for his service as a Commissioner of the Board of Water and Light; and WHEREAS, Santiago Rios was appointed to the Board of Commissioners on June 14, 2004 as an At Large Commissioner. This Board wishes to acknowledge his many contributions to the Board of Water and Light, the City of Lansing and its citizens; and WHEREAS, Santiago served on the Human Resources Committee, Executive Committee, Finance Committee, Ad Hoc Committee for Workforce Development and Board Chair from July to November 2007; and, WHEREAS, Santiago practiced law in Michigan and Illinois, served as Senior Vice President for Sosa, Bromley, Aguilar& Associates, a national marketing and advertising firm, and as Assistant Attorney General, Mr. Rios serves as General Counsel for the Michigan Department of Community Health; and WHEREAS, Santiago is a founding member of the Julian Samora Research Institute at Michigan State University, and has served as a member of the City of Lansing Human Relations and Community Services Board, and as chairperson of the Capital Area Cesar E. Chavez Commission for five years; and RESOLVED, That the members of the Board of Water and Light Commissioners hereby honor and commend Santiago Rios upon leaving this Board with three years of distinguished service. In Regular Session this 251h day of March 2008, we sincerely wish Santiago continued success in all his endeavors. BOARD OF COMMISSIONERS Semone M. James, Chair Julee M. Rodocker, Vice Chair Robert W. Cochran Peter W. Kramer Tony DeLuca Frank Lain Board Meeting Page 30 of 31 March 25,2008 Joseph E. Graves, Jr. Sandra Zerkle Motion by Commissioner Cochran, seconded by Commissioner Kramer, to approve the resolution honoring former Commissioner Santiago Rios. Discussion: Commissioner Cochran advised of his great respect and growing friendship with former Commissioner Santiago Rios. It was noted that Mr. Rios contribution to the board was good, important and informed. Commissioner Cochran noted that he was sorry Mr. Rios is no longer here but he applauded his service to the BWL. Commissioner James echoed Commissioner Cochran's sentiments. She also advised that she had a great deal of respect for Mr. Rios and his contributions to the BWL. He always came well prepared and she believed that he enjoyed being chair. Commissioner James noted that she missed Mr. Rios and wishes him well in his future endeavors. Action: Carried unanimously. MANAGER'S REMARKS Peter Lark noted that the BWL is consistently honored for its utility and community service work. The BWL recently received a Circle of Honor Award from the Capital Area United Way. The award recognizes the BWL's many years of funding and it's in kind support. In addition, the Arbor Day Foundation nationally recognized the BWL along with 148 other utilities in last weeks Wall Street Journal. Each year the Arbor Day Foundation gives out Tree Line USA awards. In order to win recognition a utility must meet the following requirements: provide a program of quality tree care, conduct annual worker trending, utilize quality tree care practices, and maintain a tree planting and public education program. Adopt-A-River Day is April 26, 2008 in which the BWL will give Lansing area families a chance to adopt hundreds of trees. Each family will receive an adoption certificate with their respective tree. This project will bring greater attention to the need to plant more trees in our community and the BWL can be proud of its efforts to promote tree planting and tree care. COMMISSIONERS' REMARKS Commissioner Zerkle commended staff for their work on the School to Training and Employment Program (STEP) that was a part of the initiative under the Ad Hoc Committee. The project seems to be growing and she is impressed with the forward movement of trying to encourage young people in areas aside from 4-year college programs. Commissioner James echoed Commissioner Zerkle's comments regarding STEP and commended staff on the program. She also noted that the Board of Commissioners looks forward to working with staff on all of their future initiatives. Board Meeting Page 31 of 31 March 25,2008 In addition, Commissioner James also commended former Commissioner Robin Smith for her valuable contributions as a board member. Ms. Smith was the Board Chair for three fiscal periods and is now the Chair of the Lansing Community College Board of Trustees. Commissioner James noted that Ms. Smith will be missed and wished her the best as well. EXCUSED ABSENCES On motion by Commissioner Lain, seconded by Commissioner Cochran, to excuse the absence of Commissioner Joseph Graves. Action: Carried unanimously. PUBLIC COMMENTS Tracy Tolbert, BWL employee and member of the Inclusion and Equity Diversity Counsel noted that she was proud to represent the union on this respective committee. She also noted that she attended a diversity summit at the Kellogg Center that addressed various things that the BWL is currently leading. The seminar noted the 3 A's of diversity that include the following: 1) assess what we have, 2) articulate where we as an organization are going and what value is placed on diversity, and 3) action. Action must take place after the assessment, which she believes is going to occur. Ms. Tolbert further advised that she is proud of the BWL and thanked the Board of Commissioners on behalf of the union, the BWL, and the community. ADJOURNMENT On motion by Commissioner Cochran, seconded by Commissioner DeLuca, the meeting adjourned at 5:54 p.m. /s/Rhonda Jones, Corporate Secretary Filed with Lansing City Clerk April 2, 2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates ATTACHMENT A PROPOSED RESIDENTIAL S SERVICE' ENIOR CITIZEN RATE NO.21 ears of age and ' available to any single family or multifamil ede dwelling eustomersmust be 65 y or less when ears entire electric Availahili -This rate is through the same m h the same meter. lied at one point of delivery appurtenant tbuildings may be taken through requirements are supplied served. Service to head of the household being ed that purposes unless the wiring is so arranged Service under this rat e is not available to any single family or multifamily dwelling of 4 units or less unit when a portion Purposes are metered separately. of the residence or dwelling unit is used for commercial,industrial,or resale service for residential and non-residential pure under this rate shall provide evidence of age and contract with the Board of Water and Light Customers taking service u (BWL)to remain on this rate for at least twelve(12)months n hertz,singl Nature of Service-The service e phase, l20/240 nominal volts. i is alternating Current, charges. Shall be compute Month)to- d in accordance with the following g 7/1/08 Basic Service Charge $2.76 Commodity Charge $.0509 per kWh for the first 300 kWh $.0859 per kWh for-the next 200 kWh $.l 152 per kWh for all over 500 kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly factor added to the above energy charges gY Adjustment fined on a separate rate schedule incorporated herein by this reference. EMU—Cost., -This rate is subject to an Ener Cost and calculated as de political subdivision which governmental authority or p production other charges against the BWL property,or its operation,or the p Tax Adjustment-Bills shall be increased within the limits of any g refees,Or anyvent other customers from being compelled to share levies taxes,license fees,franchise offset any such cost and thereby p and/or sale of electrical energy, payment charges, such local increases. dela ed charge of 5%of the unpaid balance,excluding Y Delayed Payment Charge-A delayed payment due shall be added to any bill that is not paid on or before to the first t regular bill for all customers turning on service at a Application Charge-A$7.00 charge shall be added service location irrespective of prior service with the BWL• Regulations for Electric Service Reuulations-Serviceunder this rate is subject to the BWL Rules and Rules and incorporated herein by this refere nce- Effective:July 1,2009 Adopted:proposed Approved by the Board: March 25, 2008 MINUTES OF THE BOARD OF COMMISSIONERS' RESCHEDULED MEETING LANSING BOARD OF WATER AND LIGHT Tuesday, January 29, 2008 The Board of Commissioners met in the Boardroom of the Administrative Offices, 1232 Haco Drive, Lansing, Michigan. Present: Commissioners Robert Cochran (5:35), Tony DeLuca, Joseph Graves, Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: None. The Acting Secretary declared a quorum present. co ;T- Chairperson James called the meeting to order at 5:30 p.m. APPROVAL OF MINUTES Motion by Commissioner Joseph Graves, seconded by Commissioner Peter Kramer, to approve the minutes of the regular meeting held November 27, 2007 and the special meeting held December 4, 2007. Carried unanimously. PUBLIC COMMENTS THE CHAIR ANNOUNCED THAT MEMBERS OF THE PUBLIC ARE WELCOME TO SPEAK TO THE BOARD ON ANY AGENDA SUBJECT OR ON ANY OTHER SUBJECT NOW, OR AT THE END OF THE MEETING. Phil Lemke, BWL employee, thanked Commissioners and staff for the support he has received since his accident. John Pollard spoke against the proposed rate increase. He believes that the Board of Water and Light (BWL) are losing its customer base because of the utility costs in this area. He cited the number of home vacancies in Lansing, the number of people living in poverty, and the senior citizen discount. Mr. Pollard also thinks that rates for BWL customers outside of the City of Lansing should be higher than those within the city. Board Meeting Page 2 January 29,2008 Jim Harken of Lansing addressed the labor, pension, health-care costs, and wages for BWL employees and stated that costs should be cut internally before increasing rates. He questioned the steam utility being subsidized by the electric utility. He also cited the amount of money that the city would have made if the BWL were sold in 1992. Steve Rulison, Osborn Road, Lansing spoke on geothermal heating and suggested this as an area that the BWL may be interested in pursuing. Dorothy Alagna spoke against the proposed rate increase. She and her husband are retired and on a fixed income and noted that the 7% increase is way out of line. Steve Goodwin of Lansing believes that the BWL customer base is shrinking and that too many people are losing their homes in this area. He questioned the high salary of executives and why the BWL has so many new vehicles. Leonard Wilson, Ada Street, Lansing thanked the BWL for repairing streetlights in his area. He also spoke against the proposed rate increase. He and his wife are both on disability and stated that it is difficult to make all of their monthly payments. He understands that rates may need to be raised but perhaps not quite so high at this time. Michael Cole of Lansing asked that the Commissioners consider a smaller rate increase, suggesting a 3% to 31h% rate increase instead of 7%. He spoke of the money that the BWL loaned the City by lowering the streetlight and fire hydrant rates as well as the sell of Ottawa Station. COMMUNICATIONS Letter from Robin M. Smith dated December 4, 2007, expressing her pleasure in serving as a Commissioner. Received and placed on file. Letter from Rev. Joe Huston, Sr., Minister of Central United Methodist Church dated January 17, 2008, regarding the proposed 6 percent steam rate increase. Received and placed on file. E-mail received from Mark Mitchell, 820 Britten Avenue, Lansing dated January 25, 2008, opposing the rate increase. Received and placed on file. Letter from the State of Michigan, Department of Management and Budget, dated January 28, 2008, opposing the rate increase. Board Meeting Page 3 January 29,2008 Received and placed on file. Message from Marilyn Ford, 1501 Shubel, Lansing dated January 28, 2008, opposing the rate increase. Received and placed on file. COMMITTEE REPORTS FINANCE COMMITTEE REPORT December 4, 2007 Finance Committee met at the Executive Offices, Lansing beginning at 4:30 p.m. on Tuesday, December 4, 2007. Acting Finance Committee Chair, Semone James called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Semone James and Peter Kramer(arrived at a:as p.m.). Commissioners Frank Lain and alternate committee member Robert Cochran were also present. Absent: None. Public Comments There were no public comments. Water Bonding Resolution Susan Devon, Chief Financial Officer(CFO) introduced Warren Creamer, Bond Financial Advisor with Robert W. Baird and William Danhof, Bond Counsel with Miller, Canfield, Paddock & Stone. Staff sought Board approval of the proposed tenth supplement to the Amended and Restated Bond Authorizing Resolution, dated October 24, 1989. The bond resolution would authorize an issue up to $40 million of revenue bonds for water and electric purposes. It would also provide for reserve, construction and other accounts that are needed to maintain the bond proceeds. In addition, the rate covenant and additional bonds test for the proposed and all future debt would change from 150% to 125% of the maximum annual debt service requirements. Outstanding bonds issued prior to the tenth supplement would remain at 150% of the maximum annual debt service requirement. It was further noted that the proposed tenth supplement bond detail provides for the sale of the bonds in either a competitive or negotiated sale as determined by the Board of Water and Light's (BWL) CFO based on the financial advisors recommendation. In response to a Commissioner question, Mr. Baird clarified that rating agencies tend to rate overall performance and not just legal covenants. Reducing the rate covenant to 125% increases the BWL's rate flexibility as it looks towards more significant capital improvements, by removing antiquated covenants that require the BWL to set rates to produce revenues in excess of normal operational maintenance administration at levels, which would provide recovery of Board Meetincy Page 4 January 29,2008 150% of maximum annual debt service requirements. In response to another question, it was noted that the BWL is fairing extraordinarily well against other public utilities. It was further advised that AAA ratings amongst electric utilities is typically an indication that an organization has more funds in the bank than necessary and could make better decisions with respect to rates and ratepayer money. In addition, the significant benefit between negotiated and open bonds is its flexibility. Investors tend to pay more money for bonds if they have particular features; the more complicated the transaction the more often one would see a negotiated sale. Mr. Baird suggested that the BWL consider selling the proposed bond on a negotiated basis, which would give the BWL an opportunity to re-familiarize itself with the process. It is not a decision that the BWL must make right now. However, the process tends to be very open and fluid in that it is real time whereas, one is allowed to adjust rates based on demand and supply for given maturities. On motion by Commissioner Graves, seconded by Commissioner Cochran, the Committee of the Whole agreed to forward the Tenth Supplemental Revenue Bond resolution to the full Board for consideration. Action: Carried unanimously. Internal Audit Reports Susan Pifer, Director of Internal Audits provided an update with respect to internal audit reports issued to date. In response to a Commissioner question, Ms. Pifer noted that any issues that arise during the course of an audit are typically presented to and addressed by the CFO. More specifically, she spoke to issues regarding the coal book inventory and shipping and receiving of the coal entries into the general ledger. Although, both issues are currently being addressed, the first one is relative to coal scales being used by the BWL and its vendor in determining their accuracy with respect to current standards. The second item is primarily an issue of internal control whereas; the buyer is making entries into the system and may need support and training in this regard. It was noted that the Associate Internal Auditor and Manager of Internal Controls and Tariff Administration could be sent to provide additional training and oversight relative to this issue. In addition, Ms. Pifer also asked the Board of Commissioners to consider the addition of an Audit Specialist to assist the Internal Audits and Metrics Department (IAD) and to also perform the most perfunctory audits. The additional position would not exceed a variance of $25,000. On motion Commissioner Graves, seconded by Commissioner Kramer, the Committee of the Whole agreed to add an Audit Specialist position to the Department of Internal Audits and Metrics at a variance not to exceed $25,000. Discussion: Commissioner Cochran asked if the variance amount was sufficient? Ms. Pifer noted that IAD currently has a positive variance but it should be noted that the Board would see a larger amount next year. Action: Carried unanimously. Board Meeting Page 5 January 29, 2008 Sarbanes-Oxley Update Susan Pifer noted that external auditor audit fees are expected to increase due to the implementation of Sarbanes-Oxley standards. The update noted an estimated increase of approximately 15 —20% in audit fees. In response to a Commissioner question, Ms. Pifer advised that she expects to receive a firm number from the BWL's auditors as to what they should expect to receive for the next audit cycle scheduled to begin in March/April 2008. There being no further business, the meeting adjourned at 4:58 p.m. Respectfully submitted, Semone M. James, Chair Finance Chair The report will be filed with the minutes of the January 29, 2008 Board meeting. COMMITTEE OF THE WHOLE Tuesday,January 8, 2008 The Committee of the Whole of the Board of Water and Light met at the Executive Offices, Lansing beginning at 5:30 p.m. on Tuesday, January 8, 2008. Committee of the Whole Chair, Julee Rodocker called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Tony DeLuca, Joseph Graves (teleconference), Semone James, Peter Kramer, Frank Lain, Julee Rodocker and Sandra Zerkle. Absent: None Public Comments Lansing City Mayor Virg Bernero commented on the Ottawa Station project by highlighting the tremendous historic opportunity of such a development. He also thanked the Accident Fund, Christman Company and the Board of Water and Light (BWL) for their partnership efforts in this endeavor. The project will bring five hundred new jobs, $130 million in private investments, riverfront reinvention, and downtown rejuvenation. It was noted that it has been a long process but it is a testament to the possibilities and talent of the community. Mayor Bernero went onto urge support and thanked the BWL for what they have done thus far. Kelly Rossman-McKinney of the Rossman Group and Secretary of the Lansing Economic Development Corporation (EDC) made remarks regarding the Ottawa Station project. Ms. Rossman advised that the Ottawa Station building is a huge landmark for those persons who have lived in Lansing and thanked the BWL for memorializing the landmark in a holiday greeting earlier this year. Ms. Rossman noted with great pride the ability to keep the Ottawa Station building while also allowing it to contribute to the City of Lansing's economic rebirth. Board Meeting Page 6 January 29, 2008 She also commented on Christman Company's significant investment and the BWL's commitment as the property owner and member of the EDC. In addition,Ms. Rossman thanked the members of the BWL, Christman Company and the Accident Fund for putting the project together. By unanimous consent the Committee of the Whole agreed to change the order of the agenda items. As such, an Update on Ottawa Station Facility was moved to the first agenda item. Update on Ottawa Station Facility J. Peter Lark, General Manager advised that there are two resolutions before the Committee of the Whole. The first resolution declares the entire Ottawa parcel as surplus property and the second resolution authorizes the General Manager of the BWL to enter into a development agreement with the City of Lansing and Christman Company. Staff recommended the aforementioned resolutions because they allow the BWL to exchange a$21 million liability for potential annual revenue of$635,000. Dick Peffley, Executive Director of Operations proceeded with the Ottawa Station update and acknowledged Robert Trezise and Karl Dorshimer of the Lansing Economic Development Corporation and Jim Cash and Anthony Pecchio of the Christman Company. Mr. Peffley provided the Board of Commissioners with a project summary sheet that gave specific details pertaining to the expenditures, savings and revenue of the project. He also offered the Commissioners a copy of the survey and complete appraisal if needed or so desired. In addition, Mr. Peffley noted that the Ottawa Station project is an opportunity for the BWL to turn a cost center into a revenue source. By request of Commissioner James, Mr. Peffley gave an overview of the summary sheet and provided explanation regarding various components of the project as well as additional information. Listed below are the highlights of said discussion. See Attachment) • Expenditures to date total $313,000. This includes outside attorney charges for the development agreement, stack removal, BWL sign removal, and BWL engineering labor for the chiller. All parties agreed to assume responsibility for their individual attorney fees. Last fall $50,000 was allotted for stack maintenance. However, due to the budgeted temporary repairs and the lack of value relative to the future development. It was decided to remove the stack at a cost of$218,000, which is included in the total cost of$313,000. • Expenditures after sale total $1,910,000. This includes outside attorney charges to close the deal and construction of the new steam facility, which is the BWL's responsibility to fund. • Negotiated property sale price of$275,000 (adjusted original $1.00 price to offset exit costs). • Capitol budget reduction totals $6,525,000. The budget reduction includes replacing the boiler and turbine room roofs, exterior maintenance, lead paint, asbestos abatement and soil removal, stack repairs, and pigeon dropping cleanup. The negotiated property sale price ($275,000) and the capitol budget reduction ($6,525,000) equates to a onetime savings to the BWL of$6,800,000. Board Meeting Page 7 January 29,2008 • Annual budget savings total $87,000. This includes maintenance and security, utilities, and insurance premiums. • New annual revenue totals $635,000. This includes estimated revenue figures for electric ($195,000), water($16,000), steam ($117,000; negotiations in progress), and chilled water ($307,000; negotiations in progress). • The Accident Fund development agreement will not be signed until September 2008. However, chiller construction will begin spring 2008. • There are two facilities currently within Ottawa Station that consist of chilled water and steam. The BWL has been allocated $20 million to relocate the chilled water facility to Pine and Allegan, which is the site of the State of Michigan's former chilled water facility. If relocation cost exceeds $20 million then the BWL will incur the cost for the overage. The BWL will oversee the project and Christman Construction will be the construction manager. • Building a new chilled water facility will improve the BWL's rates and structure for that respective utility. Thereby, allowing the BWL to possibly add new customer load with a prospective customer currently building a new facility in the City of Lansing. • The BWL will incur the cost associated with relocating the steam facility to an underground vault outside of Ottawa Station. The cost to relocate the steam service is $1.9 million. It is the BWL's intent to use in-house labor to complete the bulk of the steam relocation project and possibly farm out some of the construction work. Following the presentation, Commissioner Graves advised that he understood the project required incentives and he agreed with Mayor Bernero in that it is a great project for the City of Lansing. Incentives are needed to make the project work and the question arises as to where those incentives should be derived. Incentives are being provided from a number of sources. However, not being privy to all of the details of the respective deal, it was noted that he was unaware e of the origin of the incentives. Commissioner Graves wanted confirmation that the ratepayers would be responsible for the $1.9 million steam relocation cost, as he wants to assure customers that the BWL has done due diligence as it relates to minimizing cost to the ratepayer. Commissioner Graves also inquired about the appraisals relative to the sell of the property and environmental remediation issues. Dick Peffley agreed with Commissioner Graves' sentiment regarding the steam relocation cost relative to ratepayers and advised that there were two appraisals in 2005 and one in 2001. The three appraisals totaled $1.9 million relative to the value of the land. However, the appraisal excluded the power plant and did not address the environmental liability. As such, once the plant is factored into the equation, the other property then has a negative value of$21 million. In response to an additional question, Mr. Peffley advised the committee that the capital budget reduction of$6 million had not yet been included in the capital budget. However, the budget reduction is a cost avoidance slated for somewhere in the future. Board Meeting Page 8 January 29,2008 In response to Commissioner James' question regarding the construction budget, Mr. Peffley noted that they received two chiller construction estimates for$21 and$24 million respectively. In regards to Commissioner Graves' question regarding sufficient funding, Robert Trezise, Jr., President and Chief Financial Officer of the Lansing Economic Development Corporation noted the following information: • There is $130 million in private investment slated to cover the cost for the entire project. Revenue calculations and estimates were done to determine the approximate cost. There is no more funding beyond the $130 million currently allocated for said project. • Christman Company is paying a certain amount of money to replace the chiller and will be reimbursed through Brownfield Tax Increment Finance (TIF). • The TIF funding belongs to Christman Company and the Accident Fund who will be reimbursed over a period of 30 years with interest. In response to Commissioner James' question regarding excess funds, Mr. Peffley confirmed that if the chiller relocation costs come under budget ($20 million) then the remaining funds could be reallocated to the steam relocation project to offset costs. In addition, he noted that the BWL is currently negotiating a 30-year lease term with the State of Michigan. The State would be the sole leaseholder and they are not interested in buying the BWL's chilled water system at this time. On motion by Commissioner Cochran, seconded by Commissioner Zerkle, the Committee of Whole agreed to forward the proposed resolutions to the full Board for consideration. The aforementioned resolutions are titled as follows: 1) Proposed Resolution of the Board of the Lansing Board of Water and Light to Declare Property Surplus and Offer that Property to the City of Lansing and 2) Proposed Resolution of the Board of the Lansing Board of Water and Light to Approve the Execution of that Certain Property Purchase and Development Agreement. Discussion: Commissioner Graves asked Susan Pifer, Director of Internal Audit, for assurance that she has reviewed all of the materials and understands the liability to the BWL; and has agreed that there is nothing in the documents that should be of concern to the Board. In addition, he also asked Ms. Pifer if she was comfortable with the compromise previously discussed regarding the reallocation of funding from the chiller project to the steam project provided it comes under budget? In response, Ms. Pifer noted that she received the documents the day before and reviewed the estimates with Dick Peffley to the best of their ability. The estimates are reasonable given the information available and she cannot promise that they will not change as the project moves forward. Ms. Pifer also noted that she was comfortable with utilizing rates to spread the cost out over a period of time as opposed to absorbing the cost in one year. In addition, it is a better scenario if cost can be abated with some of the surpluses. Board Meeting Page 9 January 29,2008 Following brief discussion, staff confirmed that the aforementioned capacity to abate the steam relocation costs with the chiller surplus is already included in the resolution brought before the Committee of the Whole. Commissioner Kramer abstained from the discussion and subsequent vote regarding both resolutions. Action: Carried unanimously. Commissioner Craves departed the meeting at 6:22 p.m. Discussion on Board Retreat Agenda Items Commissioner James spoke to board retreat facilitator, Bryan Singletary who confirmed his attendance for day one of the retreat. He also agreed with the existing outline that includes board development and strategic planning with a minimal amount of time spent discussing board governance. Peter Lark confirmed that staff would provide a short outline to facilitate the discussion held on day two. Some of the discussion topics will include generation supply and buying on the open market. Approximately 5-10 key personnel from the executive team will be present to participate in day two of the retreat. Discussion on Agenda Items for joint Meeting with City Council The committee briefly discussed the tentative agenda items for the joint meeting with City Council. As such, the committee agreed to also provide an update on the Pension Plan (VEBA) and Defined Benefit (DB) Request for Proposal (RFP). In addition, it was noted that the joint meeting should be held after the board retreat so that the Board would be well updated on the strategic plan. Parliamentary Training for Commissioners A request to provide parliamentary training to the Board of Commissioners was sent to nine registered parliamentarians located in the southeastern Michigan area. Four proposals were received and forwarded to the Board of Commissioners for review and consideration. Following discussion, the committee took the following action: On motion by Commissioner Lain, seconded by Commissioner Cochran, the Committee of the Whole agreed to award the proposal to provide parliamentary training to Eleanor A. Siewert. Discussion: The Commissioners discussed the various estimates provided in the proposals, which included mileage, prep time and handouts. Upon further discussion, Commissioner Lain agreed to a friendly amendment to award the proposal to Eleanor A. Siewert to provide four hours of parliamentary training at a cost of$600.00 not to exceed a total of$750.00. Action: Carried unanimously. Board Meeting Page 10 January 29,2008 Rate Hearing Presentation The Committee of the Whole received a draft copy of the rate hearing presentation materials, which are subject to change. It was noted that the public hearing would be held on Tuesday, January 22nd at 5:30 p.m., at which time staff will present the need for BWL rate increases to the general public. During the discussion staff provided clarification and committee members suggested the following presentation changes. • Include graphs/pie charts explaining the cost of the CSO Project relative to the BWL. • Move slide 17 to the beginning of the presentation, as the remaining slides will clarify the slide and substantiate its findings. Commissioner Craves re-entered the meeting via teleconference at 7:07 p.m. Update on CSO Project Doug Wood, Director of Engineering provided an update on the CSO Project. As such, Mr. Wood noted that a letter was sent to Chad Gamble, Director of Public Service Department(PSD) with the City of Lansing. The letter reaffirmed that the BWL's relationship with the PSD and expressed an interest in performing some of the water work. Subsequent to the letter, Mr. Wood met with Mr. Gamble and the PSD also released a 2-year construction cycle schedule in which there are opportunities that the BWL could test pilot the project. There are obstacles to work out, coordination efforts to be made, and traffic detours to address. However, it appears that the City is receptive to the suggestion, which would allow the BWL to test its ability to perform some of the CSO work at a comparable price within the next 2 years. In addition, Mr. Wood advised that staff is preparing its annual construction season report, which will be forthcoming. Peter Lark advised the committee that he has had several conversations with Mr. Gamble who assured the BWL that they would give serious consideration on a going forward basis. It is optimistic that the BWL may receive some work this year but definitely next year. In response to Commissioner Graves' question, Mr. Lark confirmed that he was aware of the damage done to BWL equipment by the City's CSO contractors as well as issues with the quality assurance inspector relative to BWL equipment. It was noted that Jim Draventstatt-Morceri, Doug Wood and Mr. Lark would have further discussion regarding the matter after the release of the aforementioned report. Six-Month General Manager Performance Review and Performance Factors/Goals J. Peter Lark, General Manager and Board appointee requested an executive session for the purpose of receiving his six-month performance review as permitted by Open Meetings Act exemption MCL 15.268(a). Moved by Commissioner Cochran, seconded by Commissioner Zerkle to go into executive session. (7:14 p.m.) The roll was called. Yeas: Commissioners Cochran, DeLuca, Graves (teleconference), James, Kramer, Lain, Rodocker, and Zerkle. Board Meeting Page 11 January 29,2008 Nays: None. Absent: None. Carried unanimously. Moved by Commissioner James, seconded by Commissioner Cochran that the Committee of the Whole returns to open session. Carried unanimously. The Committee of the Whole meeting reconvened in open session at 8:30 p.m. There being no further business, the meeting adjourned at 8:31 p.m. Respectfully submitted, Julee M. Rodocker, Chair Committee of the Whole The report will be filed with the minutes of the January 29, 2008 Board meeting. FINANCE COMMITTEE January 15, 2008 The Finance Committee met at the Executive Offices, Lansing beginning at 4:00 p.m. on Tuesday, January 15, 2008. Finance Committee Chair, Joseph Graves called the meeting to order and asked the secretary to call the roll. The following members were present: Commissioners Robert Cochran, Joseph Graves, Semone James, and Peter Kramer. Commissioner Frank Lain, alternate committee member was also present. Absent: None. Public Comments There were no public comments. Capital Budget Update: Eckert Station Dick Peffley, Executive Director of Operations gave a brief overview of the Eckert Station Unit #1 Condenser Retubing project. The project cost for the fiscal year 2008 capital budget is $361,700. The original tubes currently in place are approximately 50 years old and have outlived their normal life expectancy by 10 years. It was recommended that the tubes be replaced now while unit#1 is down for a turbine overhaul. If not completed at this time, then the next cycle outage will be in two years of which the Production Utility has concerns regarding the tubes reliability. Mr. Peffley requested that the Finance Committee consider moving the Board Meeting Page 12 January 29,2008 resolution forward in order to allow for the replacement of the condenser tubes within the current fiscal budget. On motion by Commissioner James, seconded by Commissioner Cochran, the Finance Committee agreed to move the Eckert Unit#1 Condenser Retubing resolution to the full Board for consideration. Action: Carried unanimously. Update on Solicitation of DB & VEBA RFP Susan Devon, Executive Director and Chief Financial Officer gave a brief update on the solicitation process for the Defined Benefit (DB) and Retiree Benefit Plan and Trust (VEBA) request for proposal (RFP). The committee members included Director of Internal Audit Susan Pifer, Charles Moore of C.L. Moore &Associates and Susan Devon. In addition to the committee members, Commissioners Robert Cochran and Joseph Graves composed a panel of five and conducted interviews with the following vendors: Asset Consulting Group, Citizens Bank, LCG Associates and Merrill Lynch. Upon conclusion of the interviews and follow-up work completed by Susan Pifer, the committee recommended that the RFP be awarded to Merrill Lynch. The value of the assets included in the DB and VEBA plan total $165 million. Staff and the Finance Committee members agreed that there is no committee action necessary relative to the RFP update on the solicitation of the DB and VEBA plans. Update on Pension Advisory and Banking Services Susan Devon provided an update on the pension advisory services relative to the Defined Contribution (DC) and 457 plans as well as banking services. It was noted that a RFP for the DC and 457 plans were sent to different vendors in an attempt to determine if it would be beneficial for the Board of Water and Light (BWL) and its employees to combine services. The RFP was sent on December 20, 2007 and is due on January 25, 2008. The process for the current RFP will follow that of the process used for the DB and VEBA plans. It was also noted that any changes made to the plans would require extensive employee education. In addition, a request for information (RFI) was sent for banking services to help the BWL determine what is available and how it might combine services and receive improved cost savings and services. Once the responses have been evaluated then staff will prepare a RFP based on the information received from the respective RFI's. In response to a Commissioner question, Ms. Devon advised that the RFP for banking services would be separate from that of the pension advisory services (DC and 457 plans). Capital Budget Update: Mobile Resource Management Tom Marlow, Manager of Delivery Services presented an overview of the mobile resource management project. The total project cost is $2,353,000 that includes capital project cost of $1,840,000 and internal labor expenses of$513,000. The original budget estimate of$855,000 developed in 2005 did not take into account all related expenses. Therefore, the resolution proposes that the capital project budget be increased from$855,000 to $1,840,000 to accommodate cost. Board Meeting Page 13 January 29, 2008 The mobile resource management (MRM) project will allow for more efficient work planning, scheduling, and dispatch of BWL crews. Three major components of the project are hardware and software for the office and vehicles as well as communication. Combined these components will allow field workers the opportunity to communicate with the office electronically. It will also increase productivity, reduce the paper process, utilize a global positioning system (GPS), and provide access to future technologies. General Electric was recommended as the primary vendor to lead the project and other vendors will be utilized as needed. In response to a Commissioner question, Mr. Marlow noted that GE's system is being utilized by over twenty (20) other utilities including Consumers Energy. GPS will track the vehicles location, which covers the BWL's entire service territory, while the automotive vehicle locating (AVL) software will communicate potential problems and/or maintenance issues to Fleet Services. The benefit of the system is increased safety, productivity and security. The BWL outage management system will also be linked to the new product, which enables BESOC to know where trucks are located in order to route the proper resources and also allow employees to communicate when service work is complete. In response to a Commissioner question regarding the operating system, Mr. Marlow noted that the tracking system would be located at the BWL and the only outside component is that of the AVL satellite. It was also advised that annual recurring operations and maintenance (O&M) cost are $239,000 with a payback period of 4 years. In response to other Commissioner questions, Mr. Marlow noted that the fiscal year 2008 O&M cost of$563,330 is comprised of 6-months of O&M cost and budgeted employee wages. Additionally, the BWL will utilize existing employees and will not hire new employees for this project. It was also confirmed that the BWL would not need to build new cellular towers unless the BWL decides to build its own wireless infrastructure. On motion by Commissioner Cochran, seconded by Commissioner Kramer, the Finance Committee agreed to forward the Mobile Resource Management Project resolution to the full Board for consideration. Action: Carried unanimously. Other Audit Committee. Susan Pifer and Susan Devon will meet to discuss the merits of the Audit Committee and the need for committee meetings on a monthly or bi-monthly basis. There being no further business the meeting adjourned at 4:38 p.m. Respectfully submitted, Joseph E. Graves, Jr., Chair Finance Committee The report will be filed with the minutes of the January 29, 2008 Board meeting. Board Meeting Page 14 January 29,2008 MANAGER'S RECOMMENDATIONS esolution 2008-1-1 A. Tenth Supplement Revenue Bond Resolution WHEREAS, the City of Lansing acting by and through the Board of Water and Light has previously issued its revenue bonds payable from revenues of the Water Supply, Steam, Chilled Water and Electric Utility System under the provisions of Act 94, Public Acts of Michigan, 1933, as amended, and a Bond Resolution amended and restated on October 24, 1989 and further amended and supplemented as described under the definition "Bond Resolution"below; and WHEREAS, all terms not defined herein shall have the meanings set forth in the Bond Resolution; and WHEREAS, it is necessary for the public health, safety and welfare of the residents of the City and the users of the System to acquire and construct the Series 2008 Project (as defined below); and WHEREAS, the City, acting by and through the Board, took action on July 25, 2006 to declare official intent to reimburse expenditures for certain costs associated with acquisition and construction of the Series 2008 Project with proceeds of revenue bonds, in compliance with Treasury Regulation Section 1.150-2 issued by the Internal Revenue Service pursuant to the Internal Revenue Code of 1986, as amended; and WHEREAS, on October 12, 2007, the City published a Notice of Intent to Issue Revenue Bonds and Right to Petition for Referendum in the Lansing State Journal describing revenue bonds to be issued in one or more series to finance costs of the Series 2008 Project, and no petitions requesting referendum as described in the Notice were filed with the City Clerk within the referendum period; and WHEREAS, Section 18(a) of the Bond Resolution as amended by Section 6 of the Second Supplemental Revenue Bond Resolution permits the issuance of Additional Bonds of equal standing and priority of lien with the Outstanding Senior Lien Bonds (defined below) for repairs, extensions, enlargements and improvements to the System and costs of issuing such Additional Bonds, including deposits which may be required to be made to a bond reserve account, if the average actual or augmented Net Revenues of the System for the fiscal year of the System ending not more than 15 months prior to the sale of the Additional Bonds shall be equal to at least one hundred fifty (150%) percent of the maximum Aggregate Debt Service Requirement in any current or future fiscal year on the Outstanding Bonds and on the Additional Bonds then being issued; and WHEREAS, the conditions and requirements of Section 18(a) of the Bond Resolution have been met for the issuance of the proposed revenue bonds, and the City is ready to authorize issuance of the first series of bonds to finance the Series 2008 Project. NOW, THEREFORE, BE IT RESOLVED THAT: Board Meeting Page 15 January 29,2008 Section 1. Definitions. All terms not defined herein shall have the meanings set forth in the Bond Resolution, and whenever used in this Bond Resolution, except when otherwise indicated by the context, the following terms shall have the following meanings: (a) "Additional Bonds" means any Additional Bonds of equal standing with the Series 2008A Bonds issued pursuant to Section 18(a) of the Bond Resolution as amended by this Tenth Supplemental Revenue Bond Resolution. (b) "Bond Resolution" means the Bond Resolution adopted by the Board on September 26, 1989, as amended and restated on October 24, 1989 and supplemented by the First Supplemental Revenue Bond Resolution adopted by the Board on October 26, 1993, the Second Supplemental Revenue Bond Resolution adopted by the Board on January 11, 1994, the Third Supplemental Revenue Bond Resolution adopted on September 2, 1999, the Fourth Supplemental Revenue Bond Resolution adopted October 26, 1999, the Fifth Supplemental Bond Resolution adopted by the Board April 24, 2001, the Sixth Supplemental Revenue Bond Resolution adopted by the Board on July 23, 2002, the Seventh Supplemental Bond Resolution adopted by the Board on July 23, 2002, the Eighth Supplemental Revenue Bond Resolution adopted on August 12, 2003, the Ninth Supplemental Revenue Bond Resolution adopted on July 26, 2005, and this Tenth Supplemental Revenue Bond Resolution, and any other resolution which amends or supplements the Bond Resolution. (c) "Bonds" means the Series 2008A Bonds and any Additional Bonds of equal standing hereafter issued. (d) "Chief Financial Officer" means the Chief Financial Officer of the Board. (e) "Notice of Intent" means the Notice to Electors of the City of Lansing of Intent to Issue Revenue Bonds and Right to Petition for Referendum published in the Lansing State Journal on October 12, 2007. (f) "Outstanding Senior Lien Bonds" means the Outstanding portion of: the Water Supply and Electric Utility Bonds, Series 1994B, the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 1999A, the Water Supply, Steam and Electric Utility System Revenue Bonds, Series 2002A, the Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2002B, the Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2003A, and the Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2005A. (g) "Reserve Requirement" shall mean the Reserve Requirement established by Section 11 of this Tenth Supplemental Revenue Bond Resolution. (h) "Series 2008A Bonds" means the Water Supply, Steam, Chilled Water and Electric Utility System Revenue Bonds, Series 2008A issued pursuant to this Tenth Supplemental Revenue Bond Resolution. (h) "Series 2008A Construction Fund" shall mean the Series 2008A Construction Fund established pursuant to this Tenth Supplemental Revenue Bond Resolution. Board Meeting Page 16 January 29,2008 (i) "Series 2008 Project" means the acquisition and construction of improvements to the System, together with any appurtenances and attachments thereto and any related site acquisition or improvements, described in the Notice of Intent including, but not limited to, renovation, improvement and equipping of water conditioning plants; construction, improvement, and renovation of water transmission and distribution lines and related water utility system facilities; renovation, improvement and equipping of electric generating stations; and construction, improvement and renovation of electric transmission and distribution lines and related electric utility system facilities. (j) "System" means the complete facilities of the City for the supply and distribution of water and the generation and distribution of electricity, steam, chilled water, and heat, including all plants, works, instrumentalities and properties, used or useful in connection with the supply and distribution of water and the generation and distribution of electricity, steam, chilled water, and heat and all additions, extensions and improvements thereto existing or hereafter acquired by the City. Section 2. Conditions Permitting Issuance of Additional Bonds. Pursuant to Section 18(a) of the Bond Resolution as amended and supplemented through the date of issuance of the last series of the Outstanding Senior Lien Bonds, the City hereby determines that the Series 2008A Bonds shall be issued only if: (a) the average actual or augmented Net Revenues of the System for the fiscal year ending June 30, 2007 are equal to at least 150% of the maximum Aggregate Debt Service Requirement in any current or future fiscal year on the Outstanding Bonds and the Series 2008A Bonds, and (b) the City is not in default in making its required payments to the Operation and Maintenance Fund or the Redemption Fund. Section 3. Ratification of Notice of Intent. The Board hereby ratifies and confirms the actions taken by the Corporate Secretary of the Board to publish the Notice of Intent, and hereby determines that the form of notice and the manner of publication is the method best calculated to give notice to the electors of the City of the intent to issue the Series 2008A Bonds and the purpose therefore, the source of payment of the Series 2008A Bonds, and the right of referendum relating thereto, and the manner of publication is hereby determined to reach the largest number of persons to whom the notice is directed. Section 4. Necessity; Preliminary Approval of Plans; and Statement of Purpose. It is hereby determined to be a necessary public purpose of the City to acquire and construct the Series 2008 Project in accordance with the plans and specifications prepared by the City's consulting engineers, which plans and specifications are hereby approved. Section 5. Costs; Useful Life. The total cost of the Series 2008 Project is estimated to be not-to-exceed Forty Million Dollars ($40,000,000) including the payment of incidental expenses as specified in Section 6 of this Resolution, which estimate of cost is hereby approved and confirmed, and the period of usefulness of the Series 2008 Project is estimated to be not less than thirty(30) years. Section 6. Payment of Cost of Project; Bonds Authorized; Applicable Law. To pay part of the cost of acquiring and constructing all or a portion of the Series 2008 Project, including payment of all legal, engineering, financial and other expenses incident thereto and incident to Board Meeting Page 17 January 29,2008 the issuance and sale of the Series 2008A Bonds, the City shall borrow the sum of not-to-exceed Forty Million Dollars ($40,000,000) and shall issue the Series 2008A Bonds therefore pursuant to the provisions of Act 94. The remaining cost of the Series 2008 Project, if any, shall be defrayed from funds on hand and legally available for such use, or, if the principal amount of the Series 2008A Bonds is less than $40,000,000, from an additional series of bonds to be issued upon approval of a future resolution. The Series 2008A Bonds shall be sold and the proceeds applied in accordance with the provisions of Act 94. Section 7. Series 2008A Bond Details, Registration and Execution. The Series 2008A Bonds shall be designated as the "Water Supply, Steam, Chilled Water and Electric Utility System Revenue Bonds, Series 2008A" and shall be payable solely out of the Net Revenues of the System. City Council shall not be requested to pledge the full faith and credit of the City for payment of the Series 2008A Bonds. The Series 2008A Bonds shall be issued as fully registered bonds registered in the denomination of$5,000 or integral multiples thereof and shall be numbered in consecutive order of registration or authentication from 1 upwards. The Series 2008A Bonds shall be dated as of the Date of Delivery thereof or such other date as determined at the time of sale of the Series 2008A Bonds, shall mature as serial bonds or term bonds on such dates as shall be determined at the time of sale of the Series 2008A Bonds but not- to-exceed thirty (30) annual maturities. The Series 2008A Bonds shall be subject to optional or mandatory redemption prior to maturity at the times and prices finally determined at the time of sale of the Series 2008A Bonds. The Series 2008A Bonds shall bear interest at a rate or rates to be determined on sale thereof not exceeding 6.00% per annum, payable on July 1, 2008, or such later date as provided at the time of sale of the Series 2008A Bonds, and semi-annually thereafter on January 1st and July 1st of each year. The Series 2008A Bonds shall be executed by the manual or facsimile signature of the Chairperson and the Corporate Secretary of the Board. No Series 2008A Bond shall be valid until authenticated by an authorized representative of the Transfer Agent. The Series 2008A Bonds shall be delivered to the Transfer Agent for authentication and be delivered by the Transfer Agent to the purchaser in accordance with instructions from the Chief Financial Officer upon payment of the purchase price for the Series 2008A Bonds in accordance with the bid therefore when accepted. Executed blank bonds for registration and issuance to transferees shall be delivered to the Transfer Agent for safekeeping from time to time as necessary. Section 8. Registration and Transfer. The Chief Financial Officer is hereby authorized to appoint as transfer agent for the Series 2008A Bonds a bank or trust company qualified to act as bond registrar, paying agent and transfer agent (the "Transfer Agent"). The Chief Financial Officer is hereby authorized to execute one or more agreements with the Transfer Agent on behalf of the City. The City reserves the right to replace the Transfer Agent at any time, provided written notice of such replacement is given to the registered owners of record of bonds not less than sixty (60) days prior to an interest payment date. Principal of and interest on the Series 2008A Bonds shall be payable by check or draft mailed by the Transfer Agent to the registered owner at the registered address as shown on the registration books of the City maintained by the Transfer Agent. Interest shall be payable to the person or entity who or which is the registered owner of record as of the fifteenth (15th) day of the month prior to the payment Board Meeting Page 18 January 29,2008 date for each interest payment. The date of determination of the registered owner for purposes of payment of interest as provided in this paragraph may be changed by the City to conform to market practice in the future. The Series 2008A Bonds may be issued in book-entry-only form through The Depository Trust Company in New York, New York("DTC"), and the Chief Financial Officer is authorized to execute such custodial or other agreement with DTC as may be necessary to accomplish the issuance of the Series 2008A Bonds in book-entry-only form and to make such changes in the form of the Series 2008A Bonds within the parameters of this Resolution as may be required to accomplish the foregoing. Notwithstanding the foregoing, if the Series 2008A Bonds are held in book-entry-only form by DTC, payment of principal of and interest on the Series 2008A Bonds shall be made in the manner prescribed by DTC. The Series 2008A Bonds may be transferred upon the books required to be kept by the Transfer Agent pursuant to this section by the person or entity in whose name it is registered, in person or by the registered owner's duly authorized attorney, upon surrender of the bond for cancellation, accompanied by delivery of a duly executed written instrument of transfer in a form approved by the Transfer Agent. Whenever any bond shall be surrendered for transfer, the City shall execute and the Transfer Agent shall authenticate and deliver a new bond of the same series in like aggregate principal amount, maturity and interest rate. The Transfer Agent shall require the payment by the bondholder requesting the transfer of any tax or other governmental charge required to be paid with respect to the transfer. Notwithstanding the foregoing, if Bonds are held by DTC in book-entry-only form, the transfer of Bonds shall be made in the manner prescribed by DTC. Upon payment by the City of all outstanding principal of and interest on the Series 2008A Bonds, the registered owner thereof shall deliver the Series 2008A Bonds to the City for cancellation. Section 9. Deposit to Bond Reserve Account. On or prior to the date of delivery of the Series 2008A Bonds, the City shall deposit into the Bond Reserve Account any amount necessary to cause the amount on deposit in the Bond Reserve Account to be equal to the Reserve Requirement. The City may meet the Reserve Requirement by a letter of credit, a surety bond, or an insurance policy if the provider or issuer thereof shall be rated AAA by Moody's Investors Service and Standard and Poor's Corporation or any successor to either, and the Chief Financial Officer is hereby authorized to execute an agreement with the provider or issuer of the letter of credit, surety bond, or insurance policy. Section 10. Series 2008A Bond Proceeds. From the proceeds of sale of the Series 2008A Bonds there first shall be immediately deposited in the Redemption Fund an amount equal to the accrued interest and premium, if any, received on delivery of the Series 2008A Bonds, and the City may take credit for the amount so deposited against the amount required to be deposited in the Redemption Fund for payment of the next maturing interest on the Series 2008A Bonds; provided, however, that at the discretion of the Chief Financial Officer, all or a portion of any premium received upon delivery of the Series 2008A Bonds may be deposited in the Bond Reserve Account or the Series 2008A Construction Fund in consultation with Bond Counsel. Page 19 Board Meeting January 29,2008 There shall next be deposited in the Bond Reserve Account an amount, if any, designated at the time of sale of the Series 2008A Bonds as necessary to cause the amount on deposit in the Bond Reserve Account to be equal to the Reserve Requirement. The remaining proceeds of the Series 2008A Bonds shall be deposited in the Series 2008A Construction Fund which shall be established by the Chief Financial Officer in a bank or banks qualified to act as depository of the proceeds of sale under the provisions of Section 15 of Act 94. Monies in the Construction Fund shall be applied solely in payment of the portion of the cost of the Series 2008 Project being financed with proceeds of the Series 2008A Bonds and any costs of engineering, legal, financial, bond insurance premiums and other expenses incident thereto and to the issuance of the Series 2008A Bonds. Any unexpended balance of the proceeds of sale of the Series 2008A Bonds remaining in the Construction Fund after completion of the Series 2008 Project may, in the discretion of the Chief Financial Officer,be deposited to the Bond Reserve Account in order to meet the Reserve Requirement, or for further improvements, enlargements and extensions to the System. Any balance remaining after such expenditure shall be paid into the Redemption Fund for the purpose of purchasing Series 2008A Bonds on the open market at not more than the fair market value thereof but not more than the price at which the Series 2008A Bonds may next be called for redemption or used for the purpose of calling Series 2008A Bonds for redemption. Section 11. Amendment of Reserve Requirement. Until payment or defeasance in full of the Outstanding Senior Lien Bonds, the City must comply with the Reserve Requirement as defined in Section 1 of the Bond Resolution as amended and restated on October 24, 1989, which is the lesser of(a) the maximum Aggregate Debt Service Requirement for the then current and any subsequent operating year and (b) ten percent of the aggregate proceeds of all Outstanding Bonds. After payment or defeasance in full of the Outstanding Senior Lien Bonds, "Reserve Requirement" shall mean the lesser of(i) the maximum annual debt service requirements on the Outstanding Bonds, (ii) 125% of the average annual debt service requirements on the Outstanding Bonds, or(iii) the total of 10% of the original aggregate face amount of each series of the Outstanding Bonds, reduced by the net original issue discount, if any; provided, however, that the Reserve Requirement shall not at any time exceed the amount allowed to be invested at an unrestricted yield pursuant to Treas. Reg. Section 1.148 2(f)(2) or any successor provision thereto as applicable to the Bonds. Section 12. Amendment of Rate Covenant. Section 9 of the Bond Resolution, as previously amended by Section 5 of the Second Supplemental Revenue Bond Resolution, is amended to provide: After payment or defeasance in full of the Outstanding Senior Lien Bonds and the Water Supply, Steam and Electric Utility System Subordinate Lien Revenue Bonds, Series 1999B, the Board will at all times fix, establish, maintain and collect rates, fees and charges for the sale of the output, capacity, use or service of the System which, together with other income, are reasonably expected to yield Net Revenues equal to at least 125% of the Aggregate Debt Service Requirement for the forthcoming twelve month period plus such amount as is necessary to comply with all covenants in the Bond Resolution and to pay all charges and liens whatsoever payable out of Net Revenues in such period. Page 20 Board Meeting January 29,2008 Section 13. Amendment of Additional Bonds Test. Until payment or defeasance in full of the Outstanding Senior Lien Bonds, the City must comply with the additional bonds test imposed by Section 6 of the Second Supplemental Revenue Bond Resolution adopted January 11, 1994. Section 18(a) of the Bond Resolution, as previously amended by Section 6 of the Second Supplemental Revenue Bond Resolution, is amended to provide: The right is reserved, in accordance with the provisions of Act 94, to issue additional bonds payable from the Net Revenues of the System which shall be of equal standing and priority of lien on the Net Revenues of the System with the Series 2008A Bonds,but only for the following purposes and under the following terms and conditions: (a) For repairs, extensions, enlargements and improvements to the System or for the purpose of refunding a part of any Outstanding Bonds (unless such partial refunding is done in compliance with (b)below) and paying costs of issuing such Additional Bonds, including deposits which may be required to be made to a bond reserve account. Bonds for such purposes shall not be issued pursuant to this subparagraph (a) unless the actual or augmented Net Revenues of the System for the fiscal year of the System ending not more than 15 months prior to the sale of Additional Bonds shall be equal to at least one hundred twenty-five (125%) percent of the maximum Aggregate Debt Service Requirement in any current or future fiscal year on the Outstanding Bonds and on the Additional Bonds then being issued. If the Additional Bonds are to be issued in whole or in part for refunding Outstanding Bonds, the maximum Aggregate Debt Service shall be determined by deducting from the principal and interest requirements for each operating year the annual Aggregate Debt Service Requirement of any Bonds to be refunded from the proceeds of the Additional Bonds. Net Revenues may be augmented as follows for the purposes of this subsection (a): (1) If the System rates, fees or charges shall be increased at or prior to the time of authorizing the Additional Bonds, the Net Revenues may be augmented by an amount which in the opinion of the Board's financial advisor will reflect the effect of the increase had the System's billings during such time been at the increased rates. (2) The actual Net Revenues may be augmented by the estimated increase in Net Revenues which in the opinion of the Board's financial advisor will accrue as a result of new customers which have not been serviced during the fiscal year described in paragraph(a) above or as a result of the acquisition of the repairs, extensions, enlargements and improvements to the System which have been made during or subsequent to the fiscal year described in paragraph (a) above or which will be acquired in whole or in part from the proceeds of the Additional Bonds to be issued. No Additional Bonds of equal standing as to the Net Revenues of the System shall be issued pursuant to the authorization contained in subparagraphs (a) or (c) if the City shall then be in default in making its required payments to the Operation and Maintenance Fund or the Redemption Fund. Page 21 Board Meeting January 29,2008 The remainder of Section 18 of the Bond Resolution shall not be modified or amended by this Section. Section 14. Covenants. The City covenants and agrees as follows with the holders of the Series 2008A Bonds as long as any of the Series 2008A Bonds remain outstanding and unpaid as to either principal or interest: (a) The City will cause the portion of the Series 2008 Project being financed with proceeds of the Series 2008A Bonds to be acquired and constructed promptly and in accordance with the plans and specification therefore. (b) The City covenants and agrees with the Registered Owners of the Series 2008A Bonds that as long as any of the Series 2008A Bonds remain outstanding and unpaid as to either principal or interest, the City shall not invest, reinvest or accumulate any moneys deemed to be proceeds of the Series 2008A Bonds pursuant to the Internal Revenue Code in such a manner as to cause the Series 2008A Bonds to be "arbitrage bonds" within the meaning of the Internal Revenue Code. The City hereby covenants that, to the extent permitted by law, it will take all actions within its control and that it shall not fail to take any action as may be necessary to maintain the exemption of interest on the Series 2008A Bonds from gross income for federal income tax purposes, including but not limited to, actions relating to the rebate of arbitrage earnings, if applicable, and the expenditure and investment of Bond proceeds and moneys deemed to be Bond proceeds, all as more fully set forth in the Tax Compliance Certificate to be delivered by the City with the Series 2008A Bonds. (c) The City will not issue additional bonds of prior standing to the Series 2008A Bonds. Section 15. Series 2008A Bond Form. The Series 2008A Bonds shall be in substantially the following form with such revisions, additions and deletions as the City may deem advisable or necessary to comply with the final terms of the Series 2008A Bonds established upon sale thereof: Page 22 Board Meeting January 29,2008 BOND NO. R- UNITED STATES OF AMERICA STATE OF MICHIGAN COUNTIES OF INGHAM AND EATON CITY OF LANSING WATER SUPPLY, STEAM, CHILLED WAER M REVENUE BONDT SERIESD ELECTRIC UTILITY SYSTEM 2008A Date of Intere� Date of Maturity Original Issue CUSIP % July 1, 20_ 52008 Registered Owner: Cede &Co. Principal Amount: ($ ) Dollars The CITY OF LANSING, Counties of Ingham and Eaton, State of Michigan (the "City"), acting by and through the Board of Water and Light ode ed Olwner specifiedges above,lor�egistered owe and for value received hereby promises to pay to the R g assigns, only from the Net Revenues of the System as hereinafter provided, the Principal Amount specified above, in lawful money of the United aStates hereinafter provided, w t Dinterestte of Mthereon aturity specified above, unless prepaid prior thereto s (computed on the basis of a 360-day year of twelve 30-day months) from the Date of Original Issue specified above or such later date to which interest has been paid, until paid, at the Interest Rate per annum specified above, first payable on July 1, 2008 and semiannually thereafter. Principal of this bond is payable at the designated corporate trust office of or such other transfer agent as the City may hereafter designate by notice d to the registered owner of record not less than sixty (60) days prior to any interest payment date (the "Transfer Agent"). Interest on this bond is payable by check or draft mailed by the Transfer Agent to the person or entity who or Q stered ownehich is as of r trecord at the dregisay t red f the month prior to each interest payment date, the b address. For the prompt payment of principal and oftthest on this bond water supply and electric the uutil ty ses ystems ved by the Board of Water and Light from the operations including the steam, steam heat and chilled water distribution ex enses of operation,maintenanceaand provision has been made for reasonable and necessary P administration of the System (the "Net Revenues"), are irrevocably pledged and a statutory lien thereon has been created to secure the payment of the principal tory lien are ton at on parity lwi both, when due; however, the pledge of Net Revenues and thestatutory pledge of Net Revenues and statutory lien in favor of the sty of ansi Steam andater Supply and Electric Utility System Revenue Bonds, Series 199 Water Supply, System Revenue Bonds, Series 1999A, Water Supply, Steam and Electric Utility System Board Meeting Page 23 January 29, 2008 Revenue Bonds, Series 2002A, Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2002B, Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2003A, and Water Supply, Steam and Electric Utility System Revenue Refunding Bonds, Series 2005A. The pledge of Net Revenues and the statutory lien are senior in priority of lien to the City's Water Supply, Steam and Electric Utility Revenue Bonds, Series 1999B (Taxable Series) and any additional junior lien bonds issued pursuant to the Bond Resolution (defined below). This Bond is one of a series of bonds of like tenor, except as to denomination, rate of interest and date of maturity, aggregating the principal sum of$_,000,000, issued pursuant to a Bond Resolution adopted by the Board of Water and Light of the City (the "Board") on October 24, 1989, as amended and supplemented from time to time, including by a Tenth Supplemental Revenue Bond Resolution adopted by the Board on , 200_ (collectively, the "Bond Resolution"), and under and in full compliance with the Constitution and statutes of the State of Michigan, including specifically Act 94, Public Acts of Michigan, 1933, as amended, for the purpose of financing costs of improvements to the System, making a deposit to a bond reserve account, if necessary, and paying the costs of issuing the bonds. For a complete statement of the revenues from which and the conditions under which this bond is payable, a statement of the conditions under which additional bonds of equal standing as to the Net Revenues may hereafter be issued, and the general covenants and provisions pursuant to which this bond is issued, reference is made to the Bond Resolution. Reference is hereby made to the Bond Resolution and any and all supplements thereto and modifications and amendments thereof, if any, and to Act 94, for a more complete description of the pledges and covenants securing the bonds of this issue, the nature, extent and manner of enforcement of such pledges, the rights and remedies of the registered owners of the bonds of this issue with respect thereto and the terms and conditions upon which the bonds of this issue are issued and may be issued thereunder. To the extent and in the manner permitted by the terms of the Bond Resolution, the provisions of the Bond Resolution or any resolution or agreement amendatory thereof or supplemental thereto, may be modified or amended by the City, except in specified cases, only with the written consent of the registered owners of at least fifty-one percent (51%) of the principal amount of the bonds then outstanding. Bonds of this issue maturing on or prior to July 1, 20_ are not subject to redemption prior to maturity. Bonds or portions of bonds in multiples of$5,000 of this issue maturing on or after July 1, 20_ shall be subject to redemption prior to maturity without a premium, at the option of the City, in such order as the City shall determine and within any maturity by lot, on any date on or after July 1, 20_, at par plus accrued interest to the date fixed for redemption. [Mandatory redemption provisions to be inserted if term bonds are issued] In case less than the full amount of an outstanding bond is called for redemption, the Transfer Agent upon presentation of the bond called in part for redemption shall register, authenticate and deliver to the registered owner a new bond of the same maturity and in the principal amount of the portion of the original bond not called for redemption. Board Meeting Page 24 January 29, 2008 Notice of redemption shall be given to each registered owner of bonds or portions thereof to be redeemed by mailing such notice not less than thirty (30) days prior to the date fixed for redemption to the registered owner at the address of the registered owner as shown on the registration books of the City. Bonds shall be called for redemption in multiples of$5,000, and bonds of denominations of more than $5,000 shall be treated as representing the number of bonds obtained by dividing the denomination of the bonds by $5,000, and such bonds may be redeemed in part. The notice of redemption for bonds redeemed in part shall state that, upon surrender of the bond to be redeemed, a new bond or bonds in the same aggregate principal amount equal to the unredeemed portion of the bonds surrendered shall be issued to the registered owner thereof with the same interest rate and maturity. No further interest on bonds or portions of bonds called for redemption shall accrue after the date fixed for redemption, whether the bonds have been presented for redemption or not, provided funds are on hand with the Transfer Agent to redeem the bonds or portion thereof. This bond is transferable only upon the books of the City kept for that purpose at the office of the Transfer Agent by the registered owner hereof in person, or by the registered owner's attorney duly authorized in writing, upon the surrender of this bond together with a written instrument of transfer satisfactory to the Transfer Agent duly authorized in writing and thereupon a new registered bond or bonds in the same aggregate principal amount and of the same maturity shall be issued to the transferee in exchange therefore as provided in the Bond Resolution, and upon the payment of the charges, if any, therein prescribed. The Transfer Agent shall not be required (i) to issue, register the transfer of, or exchange any bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of bonds selected for redemption under the Bond Resolution and ending at the close of business on the date of that mailing, or (ii) to register the transfer of or exchange any bond so selected for redemption in whole or in part, except the unredeemed portion of bonds being redeemed in part. THIS BOND IS A SELF-LIQUIDATING BOND AND IS NOT A GENERAL OBLIGATION OF THE CITY AND DOES NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY WITHIN ANY CONSTITUTIONAL, STATUTORY OR CHARTER LIMITATION, AND IS PAYABLE BOTH AS TO PRINCIPAL AND INTEREST SOLELY FROM THE NET REVENUES OF THE SYSTEM AND CERTAIN FUNDS AND ACCOUNTS ESTABLISHED UNDER THE BOND RESOLUTION. THE PRINCIPAL OF AND INTEREST ON THIS BOND ARE SECURED BY THE STATUTORY LIEN HEREINBEFORE DESCRIBED. The City has covenanted and agreed, and covenants and agrees, to fix and maintain at all times while any bonds payable from the Net Revenues of the System shall be outstanding, such rates for service furnished by the System as shall be sufficient to provide for payment of the principal of and interest on the bonds of this issue and any other bonds payable from the Net Revenues as and when the same shall become due and payable, to provide for the payment of expenses of administration and operation and such expenses for maintenance of the System as are necessary to preserve the same in good repair and working order, and to provide for such other expenditures and funds for the System as are required by the Bond Resolution. Board Meeting Page 25 January 29,2008 It is hereby certified and recited that all acts, conditions and things required by law to be done precedent to and in the issuance of this bond and the series of bonds of which this is one have been done and performed in regular and due time and form as required by law. This bond is not valid or obligatory for any purpose until the Transfer Agent's Certificate of Authentication on this bond has been executed by the Transfer Agent. IN WITNESS WHEREOF, the City, acting by and through the Board of Water and Light of the City, has caused this bond to be signed in the name of the City with the facsimile signatures of the Chairperson and Corporate Secretary of the Board of Water and Light, and a facsimile of the City's corporate seal to be printed hereon, all as of the Date of Original Issue. CITY OF LANSING, BY AND THROUGH THE BOARD OF WATER AND LIGHT OF THE CITY OF LANSING By Chairperson Countersigned: By Corporate Secretary Date of Authentication: , 2008 CERTIFICATE OF AUTHENTICATION This bond is one of the bonds described herein. Transfer Agent By Its: Authorized Signatory [INSERT STANDARD FORM OF ASSIGNMENT] Board Meetincy Page 26 January 29,2008 Section 16. Bond Counsel. The City recognizes that Miller, Canfield, Paddock and Stone, P.L.C., has represented from time to time, and currently represents, various underwriters, financial institutions, and other potential participants in the bond financing process for unrelated projects, any of which might offer to purchase the Series 2008A Bonds or provide services related to issuance and sale of the Series 2008A Bonds. The City appoints Miller, Canfield, Paddock and Stone, P.L.C., Lansing, Michigan, as bond counsel for the Series 2008A Bonds, notwithstanding the potential concurrent representation of any such participant in the bond financing process regarding any unrelated matter. Section 17. Financial Advisor. Robert W. Baird & Co., Traverse City, Michigan, is hereby selected to act as Financial Advisor with respect to the Series 2008A Bonds. Section 18. Competitive Sale. If the Financial Advisor recommends that the most cost effective way to sell the Series 2008A Bonds is by competitive sale, then the Chief Financial Officer is hereby authorized to fix a date for sale of the Series 2008A Bonds and publish notice of sale of the Series 2008A Bonds in The Bond Buyer, of New York, New York, in substantially the form recommended by the Financial Advisor and bond counsel. The Chief Financial Officer is hereby authorized to award sale of the Series 2008A Bonds to the bidder whose bid produces the lowest interest cost computed in compliance with the terms of the Notice of Sale, which bid shall comply with the requirements for bids specified in the Notice of Sale and shall be within the limitations contained in Section 21 of this Resolution. Good faith checks received from the unsuccessful bidders shall be returned to each bidder as provided in the Notice of Sale. If the Series 2008A Bonds are sold at competitive sale, then approval of the matters delegated to the Chief Financial Officer under this Resolution may be evidenced by execution of a certificate awarding sale of the Series 2008A Bonds or the Official Statement. Section 19. Negotiated Sale. If the Financial Advisor recommends that the most cost effective way to sell the Series 2008A Bonds is by negotiated sale, then the City hereby determines to sell the Series 2008A Bonds at a negotiated sale instead of a competitive sale for the reason that a negotiated sale will permit the City to enter the market on short notice at a point in time which appears to be most advantageous, and thereby possibly obtain a lower rate of interest on the Series 2008A Bonds. The Chief Financial Officer is authorized to select underwriters, in consultation with the Financial Advisor, and to negotiate a Bond Purchase Agreement with the underwriters. By adoption of this Resolution the City assumes no obligations or liability to the underwriters for any loss or damage that may result to the underwriters from the adoption of this Resolution, and all costs and expenses incurred by the underwriters in preparing for sale of the Series 2008A Bonds shall be paid from the proceeds of the Series 2008A Bonds, if the Series 2008A Bonds are issued, except as may be otherwise provided in the Bond Purchase Agreement to be signed by the City at the time of sale of the Series 2008A Bonds. Section 20. Bond Ratings and Bond Insurance. The Chief Financial Officer is hereby authorized to apply for bond ratings from such municipal bond rating agencies as deemed appropriate, in consultation with the Financial Advisor. If the Financial Advisor or the underwriters recommend that the City consider purchase of municipal bond insurance, then the Chief Financial Officer is hereby authorized to negotiate with insurers regarding acquisition of municipal bond insurance, and, in consultation with the Financial Advisor and the underwriters, Board Meeting Page 27 January 29, 2008 to select an insurer and determine which bonds, if any, shall be insured, and the Chief Financial Officer is hereby authorized to execute an agreement with the insurer relating to procedures for paying debt service on the insured bonds and notifying the insurer of any need to draw on the insurance and other matters. Section 21. Parameters of Sale. The Series 2008A Bonds shall bear interest at a rate or rates not exceeding 6.00% per annum. The purchase price bid for Series 2008A Bonds sold by competitive sale, exclusive of any original issue discount or premium, shall not be less than 98% or more than 102% of the principal amount of the Series 2008A Bonds, plus accrued interest, if any. The underwriters' discount for Series 2008A Bonds sold by negotiated sale shall not be more than 1% of the principal amount of the Series 2008A Bonds. In making such determinations the Chief Financial Officer is authorized to rely upon data and computer runs provided by the Municipal Advisory Council of Michigan or the Financial Advisor. Section 22. Official Statement. The Chief Financial Officer is authorized to approve circulation of a Preliminary Official Statement describing the Series 2008A Bonds and, after sale of the Series 2008A Bonds, to prepare, execute and deliver a final Official Statement. Section 23. Continuing Disclosure. The Chief Financial Officer is hereby directed to execute and deliver, prior to delivery of the Series 2008A Bonds, a written continuing disclosure undertaking in order to enable the underwriters of the Series 2008A Bonds to comply with the requirements of Securities and Exchange Commission Rule 15c2-12. The continuing disclosure undertaking shall be in substantially the form which she shall, in consultation with Bond Counsel, determine to be appropriate. Section 24. Other Actions. In the event that the Chief Financial Officer is not available at the time that it becomes necessary to take actions directed or authorized under this resolution, then, then a person designated by the Chief Financial Officer or the General Manager of the Board or a person designated by him is authorized to take the actions delegated to the Chief Financial Officer by this Resolution. The officers, administrators, agents and attorneys of the City are authorized and directed to take all other actions necessary and convenient to facilitate issuance and sale of the Series 2008A Bonds, and to execute and deliver all other agreements, documents and certificates and to take all other actions necessary or convenient in accordance with this Resolution, and to pay costs of issuance including but not limited to bond insurance premiums, transfer agent fees, financial advisor fees, bond counsel fees, rating agency fees, costs of printing the Series 2008A Bonds and the preliminary and final official statements, and any other costs necessary to accomplish sale and delivery of the Series 2008A Bonds. Section 25. Applicability of the Outstanding Bond Resolutions. Except to the extent amended, supplemented or otherwise provided in this Resolution, all of the provisions and covenants provided in Bond Resolution shall apply to the Series 2008A Bonds issued pursuant to provisions of this Resolution, such provisions of said Resolutions being made applicable to the Series 2008A Bonds herein authorized. Section 26. Conflicting Resolutions. All resolutions and parts of resolutions insofar as they conflict with the provisions of this resolution are hereby rescinded. Section 27. Severability and Paragraph Headings. If any section, paragraph, clause or provision of this Resolution shall be held invalid, the invalidity of such section, paragraph, Board Meeting Page 28 January 29, 2008 clause or provision shall not affect any of the other provisions of this Resolution. The paragraph headings in this Resolution are furnished for convenience of reference only and shall not be considered to be part of this Resolution. Section 28. Publication and Recordation. In accordance with the provisions of Section 6 of Act 94, this Resolution shall be published once in full in The City Pulse, a newspaper of general circulation in the City qualified under State law to publish legal notices, promptly after its adoption, and shall be recorded in the minutes of the Board and such recording authenticated by the signatures of the Chairperson and Corporate Secretary of the Board. Section 29. Effective Date. This Resolution is hereby determined to be immediately necessary for the preservation of the public peace, property, health and safety of the City. In accordance with the provisions of Section 6 of Act 94, this Resolution shall become effective immediately upon its adoption. I hereby certify that the foregoing is a true and complete copy of a resolution duly adopted by the Board of Water and Light of the City of Lansing, Counties of Ingham and Eaton, State of Michigan, at a Regular meeting held on Tuesday January 29, 2008, at 5:30 p.m., prevailing Eastern Time, and that said meeting was conducted and public notice of said meeting was given pursuant to and in full compliance with the Open Meetings Act, being Act 267, Public Acts of Michigan, 1976, and that the minutes of said meeting were kept and will be or have been made available as required by said Act 267. I further certify that the following Commissioners were present at said meeting and that the following Commissioners were absent I further certify that Commissioner moved adoption of said Resolution, and that said motion was supported by Commissioner I further certify that the following Commissioners voted for adoption of said Resolution and that the following Commissioners voted against adoption of said Resolution I further certify that said Resolution has been recorded in the Resolution Book and that such recording has been authenticated by the signature of the Chairperson and Corporate Secretary. Chairperson Corporate Secretary -------------------- Board Meeting Page 29 January 29, 2008 Staff comments: The Finance Committee agreed with the proposed resolution at its December 4, 2007, meeting and sent it on to the full Board for approval. This resolution provides for: • Issuance of tip to $40,000,000 of Series 2008A Bonds for improvements to the Water Supply, Steam, Chilled Water and Electric Utility Systems; • Deposit to Bond Reserve Account and Creation of Construction Fund for deposit of Bond Proceeds; • Future Rate Covenant reduced to 125%; • Future Additional Bonds Test reduced to 125%; • Chief Financial Officer to sell Bonds without further resolution; and • Other matters relative to issuance, sale and delivery of Bonds. Motion by Commissioner Graves, seconded by Commissioner Cochran, to adopt the Tenth Supplemental Revenue Bond Resolution. Action: Carried unanimously. -------------------- esolution 2008-1-2 B. Declare Ottawa Station as Surplus and Offer Said Property to City of Lansing WHEREAS, the City of Lansing, a Michigan municipal corporation (the "City"), the Lansing Board of Water and Light, an administrative board and agency of the City ("BWL"), and Christman Capital Development Company, a Michigan corporation on behalf of a Michigan limited liability company to be formed ("CCDC") are exploring options to redevelop the real property commonly known as the Ottawa Power Station as more completely described in the attached Exhibit A (the "Property"), and such parties upon the completion of negotiations anticipate entering into a Property Purchase and Development Agreement (the "Agreement"), which sets forth conditions and terms of redeveloping the Property; WHEREAS, the Property, except for those certain Steam Facilities and Chilled Water Facilities, is no longer useful or required for the operation of the BWL; WHEREAS, in connection with the Agreement, the Steam Facilities and Chilled Water Facilities will be exchanged and/or replaced by"New Steam Facilities" and"New Chilled Water Facilities"; WHEREAS, BWL expects that under the terms of the Agreement, any transfer of Property shall be subject to certain rights of the City and BWL to use the Property from and after any such transfer, including without limitation, BWL shall be granted a"License" for certain "Removal Activities", which Removal Activities shall include, among other things, the right of entry onto the Property for the purpose of removing, relocating, salvaging, demolishing, operating, maintaining, repairing, and/or disassembling the Steam Facilities and the Chilled Water Facilities; Board Meeting Page 30 January 29,2008 WHEREAS, the License shall exist for thirty(30) days from and after the later of the date of closing or the date on which the New Steam Facilities and New Chilled Water Facilities are fully operational, and upon such operation, the Steam Facilities and Chilled Water Facilities will no longer be useful or required for the operation of the BWL or the Property; and WHEREAS, in connection with the Agreement, it is in the best interest of the BWL ratepayers that the Property be transferred to the City for public purposes, which include, among other things, the acquisition of new facilities and obtaining new customers by BWL, and the redevelopment of the Property. RESOLVED, that (a) subject to the terms and conditions of the Agreement, including but not limited to, the License and Removal Activities; and (b) contingent upon the satisfaction of the conditions precedent to the effectiveness of this Resolution which are set forth in the below paragraph, the Board finds that the Property is no longer useful or needed for the operation of the BWL and declares the same surplus and offers to transfer such surplus property and release jurisdiction of such surplus property to the City. FURTHER RESOLVED, that the conditions precedent to the effectiveness of this Resolution shall include: (i) the full execution and delivery of the Agreement, which Agreement shall be in substantially such form and substance authorized and approved by the BWL; and (ii) the acquisition of an interest in land by BWL for the New Steam Facilities and New Chilled Water Facilities. FURTHER RESOLVED, in furtherance of the best interests of the BWL ratepayers and for the public purposes recited above, the surplus property shall be transferred at a future time to the jurisdiction of the City, via such documents, affidavits and/or quit claim deeds, if any, which are required or appropriate in order to vest title to the Property in the City in the manner contemplated under the Agreement, when and if the Mayor of the City accepts such transfer and the City passes a resolution accepting jurisdiction over the Property pursuant to the terms and conditions of the Agreement. FURTHER RESOLVED, that J. Peter Lark, as the General Manager of BWL, is hereby authorized to execute and deliver, for and on behalf of BWL, any such documents, affidavits and/or quit claim deeds which are appropriate to complete such transfer to the City. FURTHER RESOLVED, that any proceeds which belong to BWL in connection with the above transactions shall remain with the funds and accounts of the BWL. FURTHER RESOLVED, the conveyance of the Property to the City, as set forth above, is hereby approved. -------------------- Staff Comments: the Committee of the Whole agreed with the proposed resolution at its January 8, 2008, meeting and sent it to the full Board for approval. Board Meeting Page 31 January 29, 2008 -------------------- Motion by Commissioner Rodocker seconded by Commissioner Graves, to declare Ottawa Station property as surplus and offer that property to the City of Lansing. Discussion: For the record, Commissioner Peter Kramer announced that he would abstain from the discussion and vote on this item. Action: Carried unanimously. esolution 2008-I-3 C. Enter into a Property Purchase and Development Agreement WHEREAS, the City of Lansing, a Michigan municipal corporation (the "City"), the Lansing Board of Water and Light, an administrative board and agency of the City ("BWL"), and Christman Capital Development Company, a Michigan corporation ("CCDC") have negotiated the terms and conditions of that certain Property Purchase and Development Agreement, a copy of which is attached hereto as Exhibit C, wherein the parties have agreed, subject to the conditions and terms of the Agreement, to, among other things, redeveloping the real property lying east of Grand Avenue at the easterly termini of Ottawa Street and Ionia Street as more completely described in the attached Exhibit A. WHEREAS, all capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement. WHEREAS, it is in the best interest of the BWL ratepayers for BWL to execute and enter into the Agreement for public purposes, which include, among other things, the acquisition of new facilities and obtaining new customers by BWL, all as set forth in the Agreement. RESOLVED, that subject to and contingent upon the execution of the Agreement by the City, BWL shall, and is authorized and directed to enter into the Agreement. FURTHER RESOLVED, that J. Peter Lark, as the General Manager of BWL, is hereby authorized to execute and enter into the Agreement, for and on behalf of BWL, in substantially such form as is attached hereto as Exhibit C for, among other things, the purposes set forth above and to acquire the New Steam Facilities and New Chilled Water Facilities in accordance with the terms of the Agreement. FURTHER RESOLVED, that any proceeds which belong to BWL under the Agreement, shall remain with the funds and accounts of the BWL. FURTHER RESOLVED, that BWL is authorized and directed to execute, deliver and perform its obligations under the Agreement. -------------------- Board Meeting Page 32 January 29,2008 Staff Comments: the Committee of the Whole agreed with the proposed resolution at its January 8, 2008, meeting and sent it to the full Board for approval. -------------------- Motion by Commissioner Graves, seconded by Commissioner DeLuca, to approve the execution of a Property Purchase and Development Agreement between City of Lansing and Christman Capital Development Company. Discussion: Commissioner Cochran advised that he noted some housekeeping things in the agreement that were passed onto Peter Lark. As such, Dick Peffley spoke to outside counsel, Eric Eggan who then met with the City Attorney. As a result, an erratum will come forth to address those minor matters. Mr. Lark concurred with Commissioner Cochran and advised that before the agreement is executed the errata will come forward and they will execute the changed agreement only. Action: Carried unanimously. esolution 2008-I- D. Budget Increase for Mobile Resource Management Project WHEREAS, the original project and budget estimates for the Mobile Resource Management Data Project (MRM) were developed in 2005 from Request for Information data and did not address all related expenses including training, BWL labor, maintenance and other expenses; and WHEREAS, this resulted in an initial budget amount of$855,000; and WHEREAS, when further research was completed, it was realized from vendor bids received that such a system was under budget and needed to be modified. BE IT RESOLVED, that the budget for the Mobile Resource Management Data Project be increased from$855,000 to $1,840,000 to accommodate costs for capital project costs ($1,840,000). This coupled with the internal labor expenses of$513,000 equate to a total project cost of$2,353,000. -------------------- Staff Comments: BWL Delivery Services was actively seeking a solution to scheduled and unscheduled planning for work crews that would result in greater safety, increased productivity and greater security for BWL owned vehicles. It was determined that a significant savings could be realized through the implementation of a Mobile Resource Management System that would allow personnel in the field to utilize data on mobile computers thus getting information out to our employees in the field on a real time basis. It would cut the expense of paper processing and Board Meeting Page 33 January 29,2008 be able to have employees utilize data while on location instead of having to return to the office or workplace to gather information to perform work duties. In addition to providing information, the AVL System (Automatic Vehicle Location) would provide personnel both in the office and in the field with direct access location that would assist dispatchers and crews in responding to outage and emergency situations as well as integrate their regularly scheduled work into the process. The system would interface with a number of applications such as OMS (Outage Management System), CIS (Customer Information System), and in the future SAP (Systems, Applications and Products in Data Processing). -------------------- Motion by Commissioner Graves, seconded by Commissioner DeLuca to approve the Budget Increase for the Mobile Resource Management Project. Action: Carried unanimously. esolution 2008-I- E. Addition to Capital Budget for Eckert Station Unit#1 Condenser Retubing WHEREAS, the BWL Production Utility requests the addition of the Eckert unit#1 condenser retubing to the 2007-2008 fiscal year capital budget. The Eckert unit#1 condenser retubing total project cost is estimated and budgeted for$361,700. BE IT RESOLVED, that the Eckert unit#1 condenser retubing budget of$361,700 be added to the 2007-2008 fiscal year capital budget. -------------------- Staff Comments: BWL Production Utility has actively requested the replacement of the condenser tubes. The replacement of these tubes has been scheduled twice previously, but was removed from the budget by past management. The existing tubes are original from the early 1950's installation and have well exceeded their design life expectancy of 30 years. The new replacement tube material has been purchased and delivered for$107,650 through the BWL warehouse facility (MSMRC) but has not been expensed out. Installation of the new tubes can be completed during the present Eckert unit#1 turbine overhaul outage for an estimated cost of $254,000. Installation of the tubes will improve the reliability and improve efficiency of the Eckert unit#1 turbine generator. This is the optimum time to complete this work since the unit is currently down for a turbine overhaul. The next scheduled opportunity will not occur for another two years. Due to the age and current condition of the existing condenser tubes, there is great concern by the Production Utility that the unit will not operate reliably for an additional two years. -------------------- Board Meeting Page 34 January 29,2008 Motion by Commissioner Cochran, seconded by Commissioner Rodocker, to approve the Addition to Capital Budget for Eckert Unit#1 Condenser Tubing. Action: Carried unanimously. Rate Increase Information General Manager Peter Lark responded in detail to questions previously presented by the general public at the public hearing held on January 22, 2008. In addition, it was noted that the rate increases the BWL seek are an attempt to balance its traditionally low rates with its duty to remain financially sound. While the BWL seeks rate increases of 7 percent for electricity service, 7 percent for water service and 6 percent for steam service, it has also undertaken a number of cost-cutting initiatives before seeking rate increases. Those cost-cutting initiatives, detailed last week during the public hearing, total more than $25 million a year. The rate increase the BWL seeks for electric service amounts to $2.50 cents a month for a typical residential customer. The rate increase the BWL seeks for water service amounts to $1.20 a month for a typical residential customer. The rate increases are in keeping with the BWL's long tradition of keeping its utility rates significantly lower than neighboring utilities. esolution 2008-I- F. Rate Increases for Electric, Water, and Steam Utilities WHEREAS, the staff of the BWL, in the course of its financial planning process, has determined that the electric, water, and steam utilities will experience significant revenue shortfalls in fiscal year 2008 and beyond; and WHEREAS, such revenue shortfalls are caused primarily by the combination of very modest revenue growth over the last four years, rising costs due to higher labor, health care, maintenance and environmental costs as well as overall inflation, and reduced steam consumption due to GM plant closings; and WHEREAS, the last general rate increase in the electric utility occurred in September 2006, the last general rate increase in the water utility occurred in July 2006, and the last general rate increase in the steam utility occurred in September 2006; and WHEREAS, the staff of the BWL has proposed a general increase of 7% for the electric utility effective March 1, 2008, a general increase of 7% for the water utility effective March 1, 2008, and a general increase of 6% for the steam utility effective March 1, 2008; and WHEREAS, notice of the proposed increases were communicated to all customers by public notice on December 7, 2007, and a public hearing was held on January 22, 2008 to receive comments on the proposed increases; and WHEREAS, the Board of Commissioners has considered the comments of the public as well as the recommendations made by the BWL. Board Meeting Page 35 January 29,2008 RESOLVED, That the electric, water, and steam rate schedules listed below and detailed in the attached rate schedules be adopted and made effective for electric, water, and steam consumption on or after March 1, 2008. ELECTRIC: (Attachment A) Residential Service-Rate l General Service-Rate 3 Large General Service-Rate 4 Primary Service-Rate 5 Municipal Water Pumping Service-Rate 7 Large Capacity Service-Rate 8 Outdoor Lighting Service-Rate 9 Traffic Light Service-Rate 11 Space Conditioning and Electric Water Heating Service-Rate 12 Residential Senior Citizen-Rate 21 Street Lighting Service-Rate 31 Street Lighting Service-Rate 32 STEAM: (Attachment B) General Service-Rate 1 Industrial Service-Rate 2 Residential Service-Rate 5 WATER: (Attachment C) Residential Water Service—Rate l General Water Service—Rate 2 Fire Service—Rate 4 Lawn Sprinkling Water Service—Rate 5 Fire Hydrant Charges—Rate 6 Motion by Commissioner Kramer, seconded by Commissioner Rodocker, to approve Rate Increases for Electric, Water and Steam Utilities. Action: Carried unanimously. UNFINISHED BUSINESS No unfinished business. NEW BUSINESS No new business. RESOLUTIONS No resolutions. Board Meetincy Page 36 January 29,2008 GENERAL MANAGER'S REMARKS No remarks. COMMISSIONERS' REMARKS Commissioner Graves sympathized with ratepayers and acknowledged the current challenging economic times. He also noted that the Commission challenged itself by looking at cost containment strategies and taking into account the plight of under and unemployed persons in the area. It was a difficult decision to make while also keeping in mind the viability of the utility and its competitive edge. Commissioner Graves went on record noting that the Commissioners did listen, hear, debated and challenged themselves; and made the best decision for the utility going forward. Commissioner Cochran stated that the rate increase was a compromise and they were not insensitive to those who spoke against it. Commissioner James echoed the comments made by Commissioners Graves and Cochran. She also stated that the Commissioners are not paid for their service on the board and that they pay the same rates as other BWL customers. Commissioner James noted that the BWL is a fine utility and also advised that costs in general are steadily rising. She complimented Peter Lark and staff for creating significant efficiencies, moving the company in a new direction and improving morale. General Manager Peter Lark thanked the Commissioners for their support. EXCUSED ABSENCES No excused absences. PUBLIC COMMENTS No public comments. ADJOURNMENT On motion by Commissioner James, seconded by Commissioner Graves, the meeting adjourned at 6:40 p.m. /s/Rosemary Sullivan Acting Secretary Filed with Lansing City Clerk February 8, 2008 EXHIBIT C PROPERTY PURCHASE AND DEVELOPMENT AGRE EMENT Tliis Property Purchase and Development Agreement is made as of , 2008 anion; the City of Lansing, a Michigan municipal corporation the principal business address of which is 124 W. Michigan Ave., Lansing, MI 48933-1694 (the "City"), the Lansing Board of Water and Light, an administrative board,and agency of the City, the principal business address of which is 1232 Haco Drive, Lansing, MI 48912 (the "BWL"), and Christman Capital Development Company, a Michigan corporation, the principal business address of which is 408 Kalamazoo Plaza, Lansing, MI 48933 ("CCDC") on behalf of a Michigan limited liability company to be formed("Developer"). RECITALS A. The City, through the BWL, owns the real property lying east of Grand Ave. at the easterly termini of Ottawa Street and Ionia Street as more completely described in the attached Exhibit A (the "City Property") which is a key site along the City's riverfroat and on which stands a formerly occupied generating plant with historic character (the "Powee-Station"). B• Much of the City Property was used for operations of the BWL and for other industrial uses by prior owners and occupants and will require measures to address environmental conditions on the City Property to make possible the uses of the City Property envisioned in this Agreement. C. The BWL currently has steam utility lines and facilities as described on the attached Exhibit B (the "Stearn Facilities") and chilled water utility lines and facilities as described on the attached Exhibit C (the "Chilled Water Facilities") on and in portions of the City Property that will -need to be removed from the City Property and relocated or replaced prior to occupancy of the City Property by another use. D. A City parking ramp that lies partially on the City Properly and over Grand Ave., to other City owned property on the west side of Grand Ave. as described on the attached Exhibit D (the "Current Ramp") is also an impediment to redevelopment and reuse of the City Property requiring demolition and replacement (the "New Ramp") before'the City Property can be used as envisioned in this Agreement. E. Developer has site control over adjacent property along Grand Ave, as also described on the attached Exhibit A(the"Developer Property"). F. Developer has proposed acquiring all of the City Property from the City and redeveloping the City Property together with the Developer Property (the Developer Property and City Property are referred to together as the "Site") for the national corporate headquarters of the Accident Fund Insurance Company of America ("AFICA") and for retail and other commercial and office uses as more completely described and.depicted on the attached Exhibit E (the "Project") if the Stearns Facilities, the Chilled Water Facilities and the Current Ramp can be removed from the City Property and if other economic development incentives are provided to make the Project economically viable. - 1 - G. The City wishes to preserve public access to.the riverfront property that is adjacent to the Site. H. The City, in cooperation with other governmental agencies, has assembled economic development incentives in the fornl of the Public Support as more fully described and defined in .Article V sufficient to make the Project economically viable. I. Because coordinating the activities of demolishing, relocating and/or replacing the Steam Facilities, the Chilled Water Facilities and the Current Rannp with Developer's redevelopment of the Site will follow a critical timetable and involve significant coordination of efforts, Developer desires coordinating control over that demolition, relocation and replacement and the City and BWL are amenable to allowing Developer such control provided certain bidding and other processes are maintained. 7. The parties have agreed that, tinder the terns and conditions of this Agreement, the Project can be redeveloped to meet their respective goals as generally described above. TERMS AND CONDITIONS In exchange for the consideration in and referred to by this Agreement, the parties agree: Article L• Purchase and Sale of the City Property 1.1 Purchase and Sale. The City agrees to sell and convey or cause to be conveyed the City Property to Developer and Developer agrees to purchase the City Property from the City under the terms and conditions stated in this Article I. 1.2 Purchase Price. Developer shall pay to the City as the purchase price for the City Property, the sum of$275,000(the "Purchase Price"), which shall be remitted to the BWL. (A) Developer shall pay the Purchase Price, less the Earnest Money (as defined in subsection (B) below) in frill at the closing. The Purchase Price shall be allocated at the closing among the land and existing improvements as agreed upon by the City and Developer. (B) Developer has made an earnest money deposit of $50,000 (the "Earnest Money") with the Title Company (as defined below). Generally, if this Agreement is terminated through no fault of Developer or Developer is permitted to terminate this Agreement according to its terms, the Earnest Money shall be returned to Developer. However,if Developer fails to close this transaction without permissible cause according to the terms of this Agreement, the City and BWL shall retain the Earnest Money as liquidated damages. 1.3 Condition of Real Estate. (A) The following definitions shall apply in thus Agreement. (1) "EnviroMnental Laws" means all federal, state and local environmental laws, including, but not li nited to, Federal Water Pollution Control Act (33 U.S.C. §1251 et seq.), the Resource Conservation & Recovery Act (42 U.S.C. §6901 et seq.), Safe Drinking Water Act (42 U.S.C. 5300f-j-26), Toxic Substances Control Act (15 U.S.C. §2601 et seq.), Clean Air Act (42 U.S.C. §7401 et seq.), the Comprehensive Enviromnental Response, Compensation and Liability Act (42 U.S.C. §9601 et seq.) ("CERCLA"), the Emergency Plaiuling and Community Right to Know Act, 42 U.S.C. §11001 et seq., the Michigan Natural Resources and Environmental Protection Act (MCL §324.101 et seq.) the administrative rules and regulations promulgated under such statutes, or any other similar federal, state or local law or administrative rule or regulation of similar effect, each as amended and as in effect and as adopted as of the date of execution of this Agreement. (2) "Hazardous Substances" means (i) any hazardous or regulated substance as defined by Environmental Laws (ii) any other pollutant, contaminant, hazardous substance, solid waste,hazardous material, radioactive substance, toxic substance, noxious substance, hazardous waste, particulate inatter, airborne or otherwise, chemical waste, medical waste, crude oil or any fraction thereof, radioactive waste, petroleum or petroleum-derived substance or waste, asbestos, PCBs, radon gas, all forms of natural gas, or any hazardous or toxic constituent of any of the foregoing, whether such substance is in liquid, solid or gaseous rorin, or (iii) any such substance the release, discharge or spill of which requires activity to achieve compliance with applicable law. (3) "Part 201" means Part 201 of Michigan's Natural Resources and Enviromne.ntal Protection Act, 1994 P.A. 451, as amended, MCL §324.20101 et seq., and the rules promulgated thereunder. (B) Environmental condition. (1) Developer acknowledges that the City Property constitutes a "facility" under Part 201 because its soils or groundwater contain Hazardous Substances exceeding applicable criteria under Part 201. (2) Developer has obtained an "Enviromnental Due Diligence Study Report" dated April 4, 2007,prepared by NTH Consultants,Ltd. (Project No. 16-070161- 00) on the City Property identifying a number of environrental conditions on or around the City Property, including by way of example and without limitation, the presence of lead based paint and asbestos within the Power Station building, Dense Non-Aqueous Phase Liquid in groundwater perhaps presenting a volatilization concern,materials related to coal storage,metals, and PCBs. (3) Not later than May 31, 2008, Developer shall complete all additional sampling, analysis, inspection and other environmental reviews Developer wishes to make of the City Property. Developer naay, not later than Tune 15, 200S, inform the City and the BWL in writing that Developer has detennined, in Developer's sole discretion, that it is not financially feasible for Developer to develop and use the City Property as provided in this Agreement. If Developer does so, the Earnest Money shall be returned to Developer and this Agreement shall tenninate upon Developer's receipt of the Earnest Money. (4) Developer shall have the right to have one or more BEAs and Due Care Plans for the City Property prepared in accordance with Part 201 and to submit them to the Michigan Department of Environmental Quality ("MDEQ") with a petition for determination of adequacy pursuant to Part 201. Until the MDEQ has approved "closure" (i.e., the MDEQ no longer requires any remedial activities, monitoring, reporting or other ongoing or periodic activities related to the envirorillental condition of the City Property, though restrictive covenants and other limitations may remain in place) pursuant to the RAP, each party shall provide the other parties with copies of any documents submitted to, filed with, or received from the MDEQ that are related to the City Property, The BWL shall notify the other parties in writing when closure occurs. To the extent necessary under applicable law the City and the BWL, shall, at Developer's request and without expense to the City or the BWL, cooperate with Developer to submit ally BEAs and Due Care Plans to the MDEQ. (5) No later than March 31, 2008, the BWL shall, after consultation with and considering the comments of Developer and the City, complete and file with the 1bIDEQ a remedial action plan for the City Property (the "RAP") and shall diligently respond to feedback from the MDEQ and otherwise diligently pursue approval of the RAP. The RAP shall be designed to address environmental issues (except such activities as Developer is undertaking pursuant to subsection 1.3(B)(7) of this Agreement) in such a mariner as to allow the uses of the City Property as contemplated in this Agreement. The parties recognize the MDEQ has the ultimate authority over the design of any remedial actions for the City Property, so if any condition is imposed as part of the MDEQ's approval of the RAP that, in Developer's determination, makes the City Property unsuitable for the uses contemplated in this Agreemment, Developer may terminate this Agreement and the Earnest Money shall be returned to Developer. This Agreement shall then terminate when Developer receives the Earnest Money. Until the MDEQ has approved "closure" pursuant to the RAP, the BWL shall provide Developer with copies of any documents that are to be submitted to, to be filed with, or are received from the MDEQ that are related to the City Property. The BWL shall allow Developer a reasonable time to colllllaeiit upon such proposed submissions and filings prior to making them. (6) The MDEQ's approval of the RAP shall be a condition of closing on the conveyance of the City Property to Developer. If such approval does not occur and the closing is not delayed as provided in this Agreement or the closing has been delayed and no other delay can occur consistent with the terms of this Agreement and any modification of deadlines as provided in this Agreement, then this Agreement shall terminate and the Earnest Money shall be returned to -Z - Developer. The termination shall be effective when Developer receives the Earliest Money. (7) Based on the information available to the parties as of the date of this Agreement, the parties anticipate that certain remedial activities will be necessary ID at the City Property for purposes of using the City Property as contemplated in this Agreement. The Developer has agreed: (a) to perform the remedial activities as set forth in Exhibit F, in compliance with Environmental Laws; and (b) to otherwise exercise due care responsibilities at the City Property in accordance with Envirorunental Laws and this Agreement ("Developer's Environmental Activities"). All other remedial activities necessary at the City Property for closure under the RAP, shall be the responsibility of the BWL runless the parties otherwise agree in writing. (8) No further information, reports or approval as to the enviroruriental condition of the City Property, or the presence or absence of any Hazardous Substances on the City Property shall be a precondition to closing. (C) Developer has commenced its inspection of the City Property including the structural conditions of all buildings and improvements on the City Property and the character or suitability of the soils on the City Property. Not later than May 31, 2005, Developer shall complete all additional inspection Developer wishes to make of the City Property including the structural conditions of all buildings and improvements on the City Property and the character or suitability of the soils on the City Property. Developer may, not later than June 15, 2008, inform the City and the BWL in writing that Developer has determined, in Developer's sole discretion, that it is not financially feasible for Developer to develop and use the City Property as provided in this Agreement. If Developer does so, the Earnest Money shall be returned to Developer and this Agreement shall terminate upon Developer's receipt of the Earnest Money. (D) Developer is aware that portions of the Site lie within a floodplain. Not later-than May 31, 2008, Developer shall complete all additional review of the impact the floodplain will have on the City Property and Developer's ability to develop and use it as provided in this Agreement. Developer may, not later than June 15, 2008, inform the City and the BWL in writing that Developer has determined, in Developer's sole discretion, that it is not financially feasible for Developer to develop and use the City Property as provided in this Agreement. If Developer does so, the Earnest Money shall be returned to Developer and this Agreement shall terminate upon Developer's receipt of the Earnest Money. (E) Except as otherwise expressly provided in this Agreement, the sale and conveyance of the City Property shall be "AS IS," "WHERE IS," and "WITH ALL FAULTS"basis without any covenants,representations or warranties of any kind. (1) The "AS IS," "WHERE IS," and "WITH ALL FAULTS" basis without any covenants, representations or warranties of any kind includes, without limitation, all of the following: - 5 - (a) The City Property's condition or any condition of any building, structure or other irrrprovement on, under, in or above the City Property. (b) The suitability of the City Property for any purpose or use. But it does not apply to the environmental condition of the Property which is addressed in subsection(2) immediately below. (2) Regardless of any other provision of this Agreement, with respect to the envirorvnental condition of the City Property at the. time of closing, the parties specifically agree: (a) Developer shall be responsible to perform only Developer's Environmental Activities. The BWL shall have the obligation to perform all activities required under the RAP and applicable Enviroruzzental Laws except to the extent they might duplicate Developer's Environmental Activities. (b) Developer shall, without cost to the City or the BWL, undertake and complete all Developer's Envirorv»ental Activities even if the cost of doing so exceeds Developer's expectations. (c) Developer shall hold the City, the BWL, and their respective officers and employees harmless from, defend them against and pay on their behalf any claims, demands, causes of action, fines, penalties, judgments, awards or other costs or losses incurred by the City or the BWL arising from the perfomnance or failure to perform Developer's Environmental Activities. To the extent penn.itted by law, the BWL shall hold the City, Developer, and their respective officers and employees harmless from, defend them against and pay on their behalf any claims, demands, causes of action, fines, penalties, judgments, awards or other costs or losses incurred by Developer arising From the performance nr failure to perform the BWL's obligations under the RAP and all applicable Environmental Laws. The City's, the BWL's and Developer's rights, duties and obligations under this subsection (c) shall survive the closing on the conveyance of the City Property to Developer. (d) All parties shall remain liable for any of their acts or omissions constituting exacerbation of- any environmental condition under Environmental Laws. (d) Except as otherwise expressly provided in this Agreement, the parties otherwise retain all rights, duties and obligations they may have under Environmental Laws. (F) Regardless of any other provision of this Agreement, the BWL shall retain an easement in the City Property, for the benefit of the BWL, the City, and any - 6 - governmental agency of competent jurisdiction, for purposes of fulfilling any obligations it has under the RAP. This shall be a Penmitted Exception as defined in subsection 1.4(E) below. It shall be fully defined and agreed upon among the parties prior to closing on the conveyance of the City Property to Developer and may not thereafter be modified except after consultation among the parties and the MDEQ or other goverurrental agency of competent jurisdiction. If, due to its effect upon the intended uses of the City Property, Developer objects to the terms of this easement, Developer may elect to terminate this Agreement, in which case the Earnest Money shall be returned to Developer and this Agreement shall tenninate upon Developer's receipt of the Earnest Money. In the event the MDEQ may require a revision to the easement in order for the BWL to fulfill any obligations it has under the RAP, any such revision shall require the consent of Developer, which consent shall not be unreasonably withlield, conditioned or delayed. If such an easement modification is required by the MDEQ and Developer does not accept that change, Developer may terminate this Agreement and the Earnest Money shall be returned to Developer, and this Agreement shall tenninate when the Developer receives the Earliest Money. 1.4 Title Commitment. (A) Tile Developer has obtained a commitment for an ALTA owner's policy of title insurance without standard exceptions with respect to the City Property in the amount of the Purchase Price, from First American Title Insurance Company (the "Title Company"), cornrnitment number NCS-325144-MICR, dated October 16, 2007 (the "Title Commitment"). (B) Developer shall have 30 calendar days after the final execution of this Agreement to notify the City in writing of any objections it has to any defects or exceptions disclosed in the Title Commitment. If Developer fails to so notify the City prior to the end of that 30 day period for review,Developer shall be deemed to have waived all objections to ally defects or exceptions disclosed in the Title Commitment. (C) The City, at its sole option, shall have 30 calendar days after the notification frolr7 Developer to correct any defects or remove any exceptions to Developer's reasonable satisfaction. (D) If the City cannot or otherwise does not do so within that 30 day period, Developer may, by written notice to the City within 10 calendar days thereafter, terminate this Agreement and the Earnest Money shall be returned to Developer as Developer's sole remedy. This Agreement shall terminate upon Developer's receipt of the Earnest Money. (E) All defects or exceptions disclosed in the Title Commitment that (i) Developer does not raise or fails to object to pursuant to subsection(B), (ii)that are not corrected or caused to be corrected as provided in subsection (C) biit Developer has not tenninated this Agreement as provided in subsection(D), (iii) that are expressly provided for in this Agreement, or (iv) that Developer expressly accepts, shall be deemed to be accepted by Developer (the "Permitted Exceptions"). The parties agree that the City and BWL illay - 7- retain, in the deed to Developer or by a separate instrument to be executed at the closing, easements in the City Property for a Chilled Water Facilities line, a manhole and related appurtenances, serving chilled water to one or more downtown offices and a sanitary and storm sewer line, a box culvert at the north end of the City Property, a marihole, and related appurtenances in their existing locations or in such other locations as the parties may agree in writing prior to closing and such easements are Pen-n.itted Exceptions. (F) At closing, the City shall pay the cost of a title insurance policy issued pursuant to the Title Commitment as it may be modified after the actions provided in subsection (C) above. A "marked tip" title cornmitinent shall be provided at closing that will provide "gap coverage" for the period between the completion of the closing and the issuance of the title insurance policy to be issued pursuant to the Title Commitment as marked up at Closing, 1.5 Suive . (A) Developer has obtained a survey of the Site(the "Survey") that is also certified to the City and the BWL without cost to the City or the BWL. (B) Developer shall have until 30 calendar days after the final execution of this Agreement to notify the City iii writing of any encroachments or other matters of concern to Developer disclosed by the Survey. If Developer fails to so notify the City prior to the end that 30 day period, Developers shall be deemed to have,waived all objections to any conditions disclosed by the Survey. (C) The City shall have 30 calendar days after notification from Developer to correct any such conditions disclosed by the survey to Developer's reasonable satisfaction. (D) If the City cannot or otherwise does not do so, Developer may, within 10 calendar days thereafter, terminate this Agreement and the Earnest Money shall be returned to Developer as Developer's sole remedy. This Agreement shall terminate upon Developer's receipt of the Barnest.Money, (E) All conditions disclosed in the survey that (i) Developer does not raise or fails to object to pursuant to subsection (B), (ii) that are not corrected or caused to be corrected as provided in subsection (C) but Developer has not terminated this Agreement as provided in subsection (D), (iii)that are expressly provided for in this Agreement, or (iv) that Developer expressly accepts, shall be deemed to be accepted by Developer (the "Permitted Survey Conditions"). 1.6 Access. (A) Developer may, with notice and coordination with the BWL and the City, have continuing access to the City Property in order to conduct, at Developer's sole expense, surveys, inspections, soil borings, groundwater sampling, and other investigations of the City Property the Developer may wish to perform. However, Developer shall promptly provide the City a copy of any analyses and reports generated as a result of such - S - investigations. Developer shall not perform any intrusive or evasive tests or inspections, including environmental tests or inspections, without the written consent of the City and BWL,which consent shall not be unreasonably withheld, conditioned or delayed. (B) Developer shall restore the City Property to the condition it was in prior to any inspections or investigations undertaken by or on behalf of Developer pursuant to this section. (C) Developer shall hold the City and' the BWL (including, for purposes of this provision, their respective officers and employees) harmless from, indemnify the City and the BWL for, and defend the City and the BWL (with attorneys reasonably acceptable to the City) against, any liability arising during such investigations Or inspections perfornied by, for or on behalf of Developer. Developer's obligations under this subsection (C) shall survive the termination of this Agreement. At the request of either the City or the BWL, Developer shall provide the City and BWL with proof that Developer or the contractor or agent entering upon the City Property pursuant to this Section 1.6 has a commercial liability insurance in a minimum coverage amount of $500,000 naming the City and the BWL (as well as their respective officers and employees) as named or additional insureds. 1.7 Conditions Precedent to Closing. (A) Zoning approvals. . (1) In order to construct and occupy the Project on the Site Developer will need to obtain various zoning and other land use related approvals fron the City. (a) The City represents and warrants that the Site is currently zoned G- 1 Business District which currently allows the following uses so it will not need to be.re-zoned and no special use approval is needed for those uses, and, because it will be part of the overall Project, no special use approval is required for the New Ramp. (i) A comparison retail store; (h) A private club, fraternal organization or lodge hall; (ii) A restaurant,bar or tavern; (iv) A enclosed theater, assembly hall or conceit hall; (v) A hotel or motel; (vi) A public park and playground, except indoor and outdoor swimming pools and golf courses; (vii) Any principal use permitted in a D-1 Professional Office District; (viii) A convenience store (ix) A post office (x) A motor vehicle service station; (xii) An office of a civic, professional, religious or charitable organization: - 9 - (xiii) An office of an accountant, architect, artist, attorney, doctor or dentist; (xiv) An insurance agency; (xv) A real estate office; (xvi) A trade association or union office, except those with auditoriums;. (xvii) Any otlier use which,by the decision of the Plamzing Board,is similar to the principally permitted uses set forth in this section; and (xviii) An accessory structure which is customarily incidental to any of the uses listed above. (b) Because of its use, its current zoning, anticipated changes to the Site and other factors, approval of an overall site plan for the Project and the Site(the"Site Plan") is required. (2) Not later than April 30, 2008, Developer shall file an application for approval of the Site Plan meeting the requirements of the City's zoning ordinance. Developer shall use its reasonable best efforts to pursue approval of the Site Plan including addressing on a timely basis (i.e., on or before agenda, notice and other deadlines set forth in the zoning ordinance, City policies or Platuiing Board bylaws, policies and procedures) all reasonable requests for additional information. (a) If Developer has complied with the requirements of this paragraph (2) and has not obtained the needed Site Plan by August 15, 2008, Developer may, upon written notice to the City and the BWL, tenninate this Agreement and the Eaaiest Money shall be returned to Developer. This Agreement shall tenninate when Developer receives the Earnest Money. (b) If Developer fails to comply with the requirements of this paragraph (2), either the City or the BWL may, upon written notice to Developer, terminate this Agreement and the Earnest Money shall be paid to the City and the BWL as liquidated damages. This Agreement shall terminate when the City and the BWL receive the Earnest Money. (c) If Developer has complied with the requirements of this paragraph (2) and has not obtained the needed Site Plan by August 15, 2008, and Developer has not exercised its right to tenninate this Agreement as provided in subsection (a) above, either the City or the BWL may, upon notice to the other parties, terminate this Agreement and the Earnest Money shall be returned to Developer. Tlus Agreement shall. terminate when Developer receives the Earnest Money, - 10 - (B) Floodplain approvals. (1) Because a portion of the Site lies within a floodplain, construction and occupancy of the Project might require special approvals frona federal, state, or local authorities and special lender approval. (2) Developer shall apply for any needed approvals prior to May 1, 2008. (3) If Developer has complied with the requirements of paragraph (B)(2) and has not obtained all required formal written approvals to construct and occupy the portion of the Project that lies withal the floodplain by August 15, 2008, any party to this Agreement may, upon written notice to the other parties, terminate this Agreement and the Earnest Money shall be .returned to Developer and this Agreement shall tennimate upon Developer's receipt of the Earnest Money. If Developer fails to comply with the requirements of paragraph (B)(2), the City or the BWL may, upon written notice to Developer, terminate this Agreement and the Eaniest Money shall be paid to the City and the BWL as liquidated damages and this Agreement shall terminate when the City have the BWL receive the Earnest Money. (C) Other governunental approvals. (1) Not later than May 1, 2008, Developer shall notify the City and the BWL in writing whether or not any other governnrmental approvals are legally required under then applicable laws, rules or regulations in order to construct and occupy the Project on the Site which notification shall also provide a list of the needed approvals, a list of the steps to be taken to obtain such approvals, and the timetable for obtaining such approvals. (2) To the extent any party wishes to matte any of those approvals a condition required to be met before closing on Developer's acquisition of the City Property, that party shall notify the other parties in writing not later than May 15, 2008. (3) If any party gives notification pursuant to paragraph (C)(2), such approval shall be obtained prior to August 15, 2008. Developer shall then make timely application to obtain any such required approvals prior to closing on Developer's acquisition of the City Property. However, no such approval shall be a condition of closing if it legally camlot be obtained until after closing on the conveyance of the City Property to Developer. (4) If Developer does not provide the City and the BWL with the notification required by paragraph (C)(1) and there is- such an additional govennmental approval that is legally required, which is known by Developer and not disclosed as required under paragraph (C)(1), either the City or the BWL, at their sole option, may upon written notice to Developer, terminate this Agreement in which case the Earnest Money shall be paid to the City and the BWL as liquidated - 11 - damages and this Agreement shall tenninate when the City have the BWL receive the Earnest Money. (5) If Developer complies with paragraph (C)(1), but fails to iliake timely application for the required approvals, then either the City or the BWL may, at their sole option, upoii written notice to the other parties, tenninate this Agreement in which case the Earnest Money shall be paid to the City and the BWL and this Agreement shall tenninate when the Earnest Money has been paid to the City and the BWL. (6) If Developer has complied with this subsection (C) and made timely application but has been unable to obtain the required approvals within the deadline established in this Agreement for closing, the parties shall have the following options: (a) Tine parties may waive that condition to closing and proceed to closing. (b) The parties may extend the date for closing until such approvals can be obtained. (c) Any party may, within 10 business days after Developer gives written notice of its inability to obtain the needed approvals, terminate this Agreement and the Earnest Money shall be returned to Developer. If any party fails to give such notice in that 10-day period, it waives its right to give such notice. This Agreement shall terminate upon the return of the Earnest Money.to Developer. (D) Major tenant. (1) A primary motivation for the City and the BWL to enter into this Agreement is to induce AFICA to occupy the Site as its national headquarters. The City Council and the BWL shall be informed as to whether or not that commitment exists and the nature of the commitment. Not less than 10 days prior to closing on the conveyance of the City Property to Developer, Developer shall demonstrate to the satisfaction of the City's and the BWL's attorneys that AFICA is contractually committed to long-term occupancy of the Site as its corporate headquarters. Developer shall also represent and warrant that AFICA is contractually bound to lease the Site for at least 20 years after the date of the closing subject to any right AFICA may have to purchase the Site and this representation and warranty shall survive the closing. (2) Any documents shared with the City's and the BWL's attorneys shall be solely for the purpose of providuig them with infornnation in order for them to advise their respective clients as to whether or not this condition has been met. Accordingly, except as may otherwise be required by law, such documents shall - 12 - be kept confidential and the financial tems of that commitment shall not be publicly disclosed. (3) If Developer falls to enter into a sufficient long-tern lease or other agreement with AFICA and, as a result, closing does not occur, this Agreement shall tenninate and the Earnest Money shall be returned to Developer. This Agreement shall tenninate upon Developer's receipt of the Earliest Money. (E) Developer Financing. (1) The parties want to assure, prior to closing, that Developer will have the financial resources needed to complete the Project. The City Council and the BWL shall be informed as to the nature and extent of Developer financial resources for the Project. To that end, not less than 10 days prior to closing, Developer shall demonstrate to the reasonable satisfaction of the City's and the BWL's attorneys that Developer has the financing needed to construct the Proj ect in accordance with this Agreement and the Site Plan. (2) Any documents shared with the City's and the BWL's attorneys shall be solely for the purpose of providing them with information in order for them to advise their respective clients as to whether or not this condition has been met. Accordingly, except as may otherwise be required by law, such documents shall be kept confidential and the financial teens of that commitment shall not be publicly disclosed. (3) If Developer fails to obtain sufficient financing and, as a result, closing does not occur, this Agreement shall tenninate and the Earliest Money shall be paid to the City and to the BWL as liquidated damages. This agreement shall terminate when the City and the BWL have received the Earnest Money. (F) Public Support. (1) The Project can be completed aiid occupied as provided in this Agreement only if the public sector economic development incentives and financing are provided as detailed in Article V of this Agreement (the "Public Support"). So, the parties want to reasonably assure, prior to closing, that the Public Support will be available when needed. (2) The approvals and/or. steps for the Public Support shall be completed within the times provided in Article V. Approval of the Public Support shall require compliance with certain processes, including without limitation, certain public hearings and others opportunities for public participation. Approval of the Public Support requires various public officials and bodies to make discretionary decisions, often using statutory or other criteria and considering a variety of information including information offered by the public. Nothing in thus Agreement is intended to impair or limit any discretion of any public official or body. - 13 - (3) If the approvals have not be obtained and steps completed as required by paragraph(F)(2), the parties shall have the following options: (a) The parties niay waive that condition to closing and proceed to closing. (b) The parties may extend the date for closing until such approvals can be obtained and/or steps completed. (c) Any party may terminate this Agreement and the Earnest Money shall be returned to Developer and this Agreement shall tenninate upon the Developer's receipt of the Earnest Money. (G) Public facility relocation. (1) As stated in the recitals, the removals, relocations and/or replacements-of the Steam Facilities and the Chilled Water Facilities are essential to the Project. The parties wish to assure prior to closing that work can be accomplished in a time and a maruier that is economically viable for all parties and consistent with this Agreement. (2) The approvals and/or steps for the removals, relocations and/or replacements of the Steam Facilities and the Chilled Water Facilities shall be completed within the limes provided in Articles III and IV. Those approvals and steps shall require compliance with certain processes, including without limitation, certain public hearings and others opportunities for public participation and will require various public officials and bodies to make discretionary decisions, often using statutory or other criteria and considering a variety of information including Infornlatlon offered by the public. Nothing in this Agreement is intended to impair or limit any discretion of any public official or body. (3) If the approvals have not been obtained and steps completed as required by paragraph (G)(2) above at least 10 days prior to the deadline for closing established in this Agreement, the parties shall have the following options: (a) The parties may waive that condition to closing and proceed to closing. (b) The parties may extend the date for closing until such approvals can be obtained and/or steps completed. (c) Any party may terminate this Agreement by written notice, to the other parties and the Earliest Money shall be returned to Developer. This Agreement shall terminate upon Developer's receipt of the Earnest Money. - 14- 1.8 Deed. Title to the City Property shall be transferred to Developer by a warranty deed subject to the Permitted Exceptions, to the Permitted Survey Conditions, and to the terms of this Agreement. (A) The following shall, in addition to others provided for in this Agreement, be Permitted Exceptions. (1) The City shall retain the right to construct an extension of its riverwallc on the real property owned by the City along the river front ("Riverwallc Property"), cantilevered over the River in accordance with plans and specifications to be reviewed by and reasonably acceptable to Developer. However, the City's use of the Riverwalk Property shall be subject to reasonable restrictions placed on its use by written agreement between the City and Developer, which written agreement shall be agreed upon between the City and Developer prior to the closing on the conveyance of the City Property to Developer. The nature and extent of the restrictions shall be for the purpose of limiting the City's or any subsequent owner of the Riverwallc Property from engaging in any activity on tine Riverwallc Property which may adversely affect or interfere with the intended and future use and enjoyment of the Project by its owner and/or occupants. The written agreement between the City and Developer shall be in recordable foml and recorded with the Ingham County Register of Deeds after the closing occurs for the conveyance of the City Property to Developer. (2) The City Property will be conveyed with the covenant that it cannot be occupied or used for "adult business" as that term is now defined in section 1296.01 of the City's zoning ordinance and Developer shall be required to impose such a covenant on the Developer Property immediately after Developer closes on the acquisition of the Developer Property which covenant shall be for the benefit of and enforceable by the City. (3) The City reserves the right to impose restrictive covenants, in the form of institutional controls, engineering controls, deed restrictions, or Notices of Approved Corrective Action as provided for under Enviroiunental Laws on the City Property that are reasonably related to the enviromnental condition of the City Property consistent with the RAP including, but not limited to, prohibiting the use of groundwater, requiring the containment, analysis and proper disposal of soils on the City Property, requiring notifications to transferees, lessees and other future occupants, requiring warning to excavators and underground utility workers, limiting allowable uses of the City Property, and providing for continuing access for the BWL and the MDEQ for monitoring and remedial activities (the "Restrictive Covenants"). The City or the BWL shall, upon the MDEQ's approval of the RAP, but in any case, not later than 60 days prior to closing, provide Developer all such Restrictive Covenants on the City Property for Developer's review and approval as to form. The parties recognize that,while the City and the BWL shall make all reasonable efforts so the Restrictive Covenants will allow all the Developer's intended uses of the City Property, the - 15 - MDEQ has the ultimate authority to determine the terms of such Restrictive Covenants prior to closing on the conveyance of the City Property to Developer. Developer shall be notified of and be invited to participate in all communications with the MDEQ regarding the Restrictive Covenants. (13) Any party may require that the deed or other documentation recorded at closing reflects any requirements of this Agreement that expressly or impliedly survive the closing of the conveyance of the City Property to Developer as provided in this Article I. 1.9 Taxes, Assessments, Utilities. Developer shall pay any special assessments, property taxes and any invoices for utilities levied against or for services provided to the City Property after the date of the closing. 'The City Property is currently exempt from property taxation and there are no outstanding special assessments levied against the City Property. The absence of special assessments shall be included in the Title Commitment and in the title insurance policy to be issued by the Title Company pursuant to the Title Commitment. 1.10 Closin . The closing on the conveyance of the City Property to Developer shall occur at the City Hall or such other place as agreed upon by the parties,no later than September 30, 2005, The City shall pay the cost for recording the deed and the title insurance costs as provided in section 1.4 above. The transaction will be exempt from transfer taxes pursuant to MCL 207.505(h) and MCL 207.526(h)(i). Developer shall pay all other closing costs and recording fees. The parties shall each pay their own attorney or other consultant fees. 1.11 Possession,Removal Activities. (A) The transfer of title to the City Property to Developer by the City shall be subject to the terns and conditions of this Section 1.11. The City shall deliver possession of the City Property to Developer at closing, subject to (i) Removal Activities ( as defined below), (ii) the right of the City to continue the use of the Current Ramp until its demolition begins as provided in Article IV of this Agreement, (iii) subject to any continuing obligations of the City and/or the BWL under the RAP, and (iv) subject to rights provided the City, the BWL or others in the Permitted Exceptions. The provisions of this Section 1.11 shall survive the closing. (B) Developer grants to the BWL an irrevocable license and right of entry (the "License") onto the City Property for the purpose of removing, relocating, demolishing, operating; maintaining, repairing, and/or disassembling the Steam Facilities and the Chilled Water Facilities for salvage, reuse, scrap or otherwise, all to the extent BWL, in its sole discretion, deers appropriate and as fiuther described below (collectively, the "Removal Activities'.'). (1) The term of the License shall commence with the closing and conveyance of the City Property to Developer and shall expire 30 days after the later of the date on which both the New Steam Facilities and New Chilled Water Facilities are fully operational. During that term,BWL shall have the right to conduct the Removal Activities tluough its employees, agents and/or contractors at any time without obtaining any consents or authorizations and at no cost or expense to - 16 - BWL for such use. However, the BWL right of access shall be subject to compliance with all of Developer's and its contractor's standard procedures for access to the City Property during construction of the Project. (2) Until the License expires, title to the Steam Facilities and the Chilled Water Facilities shall be held by the BWL, including, but not limited to, all personal property, fixtures, conduit, lines, leads, connections, facilities or any other like or similar devices or any improvements or replacements of the same of every nature and 16nd that comprise the Stearn Facilities and the Chilled Water Facilities. (3) Notwithstanding the foregoing, the BWL shall not be obligated or required to undertake or complete any Removal Activities except to the extent the BWL deems appropriate, in its sole discretion and the BWL shall not be obligated or required to make any repairs to the City Property. However, the BWL shall not cause any damage to any portion of the Power Station which may affect the ability of Developer to obtain the Maximum available federal and state historic tax credits for the Project, as set forth in this Agreement. Further, from and after the expiration of said License, the BWL shall not be responsible or liable in any una-uler whatsoever for the Steam Facilities or the Chilled Water Facilities, except those facilities that remain within the easement provided pursuant to subsection 1.4(E) of this Agreement. From and after the expiration of the License, any remaining components of the Stearn Facilities and Chilled Water Facilities shall become the property of Developer. To the extent the BWL's rights under this License are set forth in a document recorded with the Ingham County Register of Deeds, upon expiration of the License as set forth above,Developer shall have the right to prepare, execute and record with the Ingham County Register of Deeds the necessary document to terminate, of record, the License and, if requested by Developer, the BWL shall cooperate by co-signing that document. (4) Developer shall hold the BWL, the City and their engineers, officers, employees, agents, contractors and subcontractors harmless from, defend them (with legal counsel reasonably acceptable to the City and BWL) against, and pay on their behalf any amount ordered to be paid as a result of any and all demands, claims, liabilities, obligations, damages, awards, judgments or administrative losses or expenses either of them may receive or incur as a result, arising from or in connection with the Removal Activities except those resulting from the negligence or willful misconduct of F3WL, the City or either of their engineers, officers, employees, agents, contractors or subcontractors. The preceding sentence shall also not apply to any enviromnental condition on the City Property except to the extent of any release or exacerbation resulting from the negligence or other wrongfill action of-Developer or Developer's contractors, employees, agents or representatives. To the extent permitted by law, the BWL shall hold Developer, the City and their engineers, officers, employees, agents, contractors and subcontractors harmless from, defend them (with legal counsel reasonably acceptable to the City and Developer) against, and pay an their behalf any amount - 17 - ordered to be paid as a result of any and all demands, claims, .liabilities, obligations, damages, awards, judgments or administrative losses or expenses either of them may receive or incur as a result, arising from or in connection with the Removal Activities except those resulting front the negligence or willful -misconduct of Developer, the City or either of their engineers, officers, employees, agents, contractors or subcontractors. The provisions of this Section shall survive the expiration of the License, the closing on the conveyance of the City Property to Developer, and the expiration, cancellation or termination of this Agreement. (5) During the tenn of the License, Developer shall obtain and maintain a general liability and owner's liability insurance policy, naming the City and the BWL and their engineers, officers and employees as insw-eds or additional insureds and certificate holders with coverage of at least $1,000,000 per individual and $1,000,000 per occurrence. Such .insurance shall provide that it may not be canceled, modified or teminated without at least 30 days prior written notice to the City and the BWL. A copy of the certificate(s) and po.licy(ies) of insurance shall be provided to the City and BWL prior to the closing on the City Property with Developer. (6) During the terns of the License, the BWL shall obtain and maintain a general liability and owner's liability insurance policy, naming the City and Developer and their respective officers and employees as additional insured and certificate holders with coverage at least $1,000,000 per individual and $1,000,000 per occurrence, insuring all of the BWL's activities under the License. Such insurance shall provide that it may not be cancelled, modified or terminated without at least 30 days prior written notice to Developer. A copy of the certificates and policy(ies) of insurance shall be provided.to Developer prior to the closing on the City Property with Developer. (7) At Developer's expense, the BWL, its employees, agents and contractors, shall have the right to use electricity and other utilities at the City Property as needed for the Removal Activities. Article II: Project Development 2.1 Purpose. A primary purpose for the conveyance of the City Property to Developer and for the Public Support is to assure the redevelopment, use and occupancy of the Site in accordance with this Agreement. Moreover, much of the funding available for the Public Support is dependent upon the tax revenues to be generated by the redevelopment, use and occupancy of the Site as envisioned in this Agreement. 2.2 Redevelopment Required. Developer shall redevelop the Site or cause it to be redeveloped as described and depicted on the attached Exhibit E, subject to only such changes as are required by City bodies and officials ui the zoning approval process and in the review of the plans by the City's building inspector acid subject to AFICA's reasoi'ab le review mid consent. The AFICA shall occupy the Site as its corporate headquarters as provided in the lease to be - 1S - disclosed to the City's and the BWL's attorneys prior to closing as provided in subsection 1.7(D)(1)above. 2.3 Compliance and Approvals. (A) Developer shall assure that the Project and its construction and use comply with all applicable laws, rules, regulations, permits, orders, decisions and directives of any governmental official, agency or entity of competent jurisdiction. (P) Developer shall be solely responsible to obtain and maintain any needed licenses, pemnits, certifications or other reviews and approvals from any governmental officer, agency or entity of competent jurisdiction needed to construct or use the Project. (C) Without limiting the generality of the preceding subsections, Developer shall seek approval under the City's zoning.ordinance and applicable construction codes, obtaining whatever rezoning, special use approval, variances, site plan approvals, building and occupancy pen-nits as may be required. Nothing in this Agreement shall in any way limit the discretion of those officials or bodies as they engage in the required reviews and decision making. (D) The requirements .in this Section shall survive closing. 2.4 Proiect Timetable. The plaluling, pre-construction, construction and completion of the Project shall comply with the following dates and, upon the written request of either the City or the BWL,Developer shall provide a written status report on the Project's development. Event Deadline Submission of fully complete and approvable Site Plan to the City April 30, 2008 Closing September 30, 2008 Completion of and issuance of occupancy pennit(s) for first phase of the April 1, 2011 Project Completion of Project April 1, 2011 2.5 Value. Developer represents that the Project will have a market value currently estimated to be approximately $130,000,000 and will be completed by December 31, 2011. Developer understands and agees that the City and the Brownfield Redevelopment Authority of the City of Lansing (the `TBRA") are relying on that estimate of value and investment to generate the tax_ increment revenues needed to pay for publicly funded work on the Site. Payments to Developer (or its assignee) from tax increment revenues will depend on sufficient increases in the taxable value of the Site to generate sufficient tax increment revenues to pay Developer (or its assignee) after other obligations have first been paid from those tax increment revenues. - 19 - Article III: Utility Relocations 3.1 Steam Facilities Relocation.. (A) Replacements for the Steam Facilities shall be constructed in an underground vault (the "Steam Vault")to be constructed in or near Wentworth Park which is adjacent to the City Property (the "Steam Vault Location"). That relocation shall provide for a vent approximately 36 inches in diameter to extend from underground to a height of 9 feet above the ground and shall provide for access to the underground facilities. The design and configuration of the vent shall be subject to Developer's reasonable review and approval which shall not require any changes adversely affecting the use, efficacy or cost of maintaining the vent. A more particular, but nevertheless general description for the replacement to the Steam Facilities are as described in the attached Exhibit B (the "New Steam facilities"). (B) The BWL shall, at BWL's expense, cause plans and specifications for the New Steam Facilities to be prepared consistent with the general description in Exhibit B, and Stich plans and specifications shall be submitted to the City and the BWL for their respective reviews and approvals not later than September 20, 2008. The BWL will be responsible for all costs it incurs for BWL staff time needed to develop the plans and specifications. The City's review' and approval shall be limited to assuring the design, construction, operation, use, maintenance, and repair of the New Steam Facilities do not unreasonably interfere with the use of Wentworth Parlc and that they are consistent with the aesthetic and environmental vision for the riverfront as otherwise approved by the City and in accordance with the conditions and requirements of any federal or state grants or other sources of funding for Wentworth Park and the riverfront. The BWL shall review the plans and specifications to ensure the New Steam Facilities will meet BWL's operational requirements and standards. The costs incurred by Developer to prepare the plans and specifications and obtain any needed approvals of the plans and specifications shall be included in the cost of construction of the New Steam Facilities and paid (or reimbursed) from the same funds as are used to pay for the construction and installation of the New Steam Facilities. (C) Developer shall, at its own expense to be reimbursed from tax increment revenues pursuant to subsection 5.2(B) below, cause the New Steam Facilities to be constructed in accordance with the plans and specifications approved pursuant to subsection (B). The parties agree that, in order to assure the New Steam Facilities construction and installation .is coordinated with Developer's activities oil the Site, The Christian Company ("Christman") shall be the general contractor .for the constriction and installation of the New Stearn Facilities. Such construction shall begin not later than April 1, 2009 and be completed not later than September 30,2009. (D) The City hereby gives permission to the BWL to use the Steam Vault Location for the construction, installation, use, operation, maintenance, repair, replacement and improvement of the New Steam Facilities in accordance with a License Agreement to be executed by the City and the BWL prior to closing. (E) To the extent it wishes to salvage any of the Steam Facilities, the BWL shall have right to enter the City Property after the closing occurs on the City Property as set forth ir1 the License. (F) The requirements of this Section shall survive closing on the conveyance of the City Property to Developer. 3.2 Cliilled Water Facilities Relocation. (A) Replacements for the Chilled Water Facilities shall be constructed on a site to be designated and secured by the BWL (the "New Chiller Location") not later than March 30, 2008. A more particular, but nevertheless general, description for the replacement to the Chilled Water Facilities is in the attached Exhibit C (the "New Chilled Water Facilities"). (13) Developer shall, at Developer's expense to be reimbursed along with the New Chilled Water Facilities constriction costs as provided below, cause plans and specifications for the New Chilled Water Facilities to be prepared by a design professional reasonably acceptable to the BWL, consistent with the general description in Exhibit C, and such plans and specifications shall be submitted to the BWL for its review and approval not later than June 30, 2008. The BWL will be responsible for all costs it incurs for BWL staff time needed to develop the plans and specifications. (C) Developer shall cause the New Chilled Water Facilities to be constructed at the New Chiller Location in accordance with the plans and specifications approved pursuant to subsection (B). The parties.agree that, in order to assure the New Chilled Water Facilities constriction and installation is coordinated with Developer's activities on the Site, Christman shall be the general contractor for the construction and installation of the New Chilled Water Facilities. (1) Developer shall order the components of the New Chilled Water Facilities as needed for timely delivery to complete their construction and installation as required by paragraph (2)below. (2) Such construction and installation shall begin not later than September 30, 2008 and be completed not later than September-30,2009. (3) Progress payments will'be made to Developer from funds available to the BWL as provided in subsection 5.2(A) of this Agreement following the BWL's standard construction draw procedures. The BWL shall provide funds from another source to provide for any costs of the New Chilled Water Facilities and New Steam Facilities that exceed $20 million. Until Developer makes the infrastructure payment funds available as provided in subsection 5.2(b) of this Agreement, neither the City nor the BWL shall have any obligations for payment for the New Chilled Water Facilities. _ 71 _ (D) The requirements of this Section shall survive closing on the conveyance of the City Property to Developer. 3.3 Other Contract Requirements. The work provided oil the New Steam Facilities and the New Chilled Water Facilities shall comply with the following contract requirements. (A) The-construction contract with Christman shall be in a form acceptable to and approved by the BWL consistent with the BWL's standard procedures for construction and installation contracts. (1) That contract shall provide for performance and payment bonds in the amount of 100% of the contract price and shall note that it is work performed on public property for a public entity such that no contractor's or material supplier liens can be placed on the utility relocation project or the Site. (2) The contract shall provide for completion and acceptance of the work in accordance with standards customarily used by the BWL and shall provide operations manuals and warranties in accordance with common standards for such equipment and in accordance with the BWL's usual practices for such equipment. (B) The BWL shall have the right, but not the obligation, to inspect and test all construction, installation, and components of all equipment and the BWL shall be contacted before any portions of the work is covered. However, the BWL will not, simply by slaking such inspection(s) or testing(s), or by failing to raise any objections, relieve the Developer or Christman from any obligations they may have, or waive any warranties or guaranties covering the construction. (C) Developer shall ensure that Christman obtains sealed bids for all subcontracted work and major components and supplies, in a mariner generally in accordance with the BWL's purchasing policies, and shall open those bids in the presence of the BWL's designee. Developer shall ensure that Christman provides the bid tabulation and, if requested by the BWL's designee,the bids, to the BWL for review and comment prior to any bid award by Christman. (D) Upon completion of the construction and installation, Developer shall provide the City and the BWL with "as built" drawings showing the exact location of the work and any deviations from the approved plans and specifications. Such drawings shall be provided to the BWL before the BWL accepts the completed New Steam Facilities or New Chilled Water Facilities. (E) Developer shall hold the BWL, the City, the LBRA, and their engineers, officers and employees harmless from, indemnify them for, and defend their (with legal coruasel. reasonably acceptable to the City) against any and all demands, claims, liabilities, obligations, damages, awards, judgments, administrative fines, or other losses or expenses any of them may receive or incur as a result of the construction of the work to be performed or provided by Developer under this Article and any defects in that work. During constnlction and installation and until construction and installation is completed, -22- the premises is restored and the BWL has accepted the work, Developer shall ensure that Christman obtains and maintains a general liability and owners' liability insurance policy naming the City, the BWL, the LBRA. and their engineers, officers and employees as insureds or additional insureds and certificate holders with coverage of at least $5,000,000 per individual and $5,000,000 per occurrence. Such insurance shall provide that it may not be canceled, modified or terminated without at least 30 days prior written notice to the City. A copy of the certificate(s) and policy(ies) of insurance shall be provided to the BWL prior to the commencement of construction. In addition, Developer sliall assure that all necessary or required workers' disability compensation, unemployment compensation and other insurance has been obtained by Christman and its contractors. Article IV: Parking Ramp 4.1 New Ramp Location and Concept. (A) The New Ramp shall be located on a portion of the Site located to the north of the Power Station and south of Shiawassee Street which inay be part of the City Property and/or all or a portion of the Developer Property as the parties may reasonably agree is necessary for the construction and operation of the New Ramp in a manner that is compatible with the development of the remainder of the Site whicli will be surveyed and described in detail prior to the closing(the"New Ramp Site"). (B) The City and Developer have yet to work out the exact structure of the ownership of the New Ramp. It will either(1)be constructed and owned by Developer and leased to the City with an option to purchase it for a stated value pursuant to a lease purchase agreement between Developer and the City to be entered into prior to closing on the conveyance of the City Property to Developer, or (ii) the City or the Building Authority of the City of Lansing(the "Building Autlority") will issue bonds soon after the closing on the conveyance of the City Property to Developer and use the proceeds frolll the issuance of those bonds to pay the cost of constructing the New Ramp which, together with the New Ramp Site will be conveyed to the City as provided in a New Ramp purchase agreement between Developer and the City to be entered into prior to the closing on the conveyance of the City Property to Developer. Entry into either agreement shall be condition of closing on the conveyance of the City Property to Developer. That agreement shall, among other terms the parties may desire, address the following issues: (1) Whether any portion of the New Ramp structure will be constricted for commercial or residential uses and the terms of any such uses; (2) Any needed easements in the New Ramp or adjacent property needed to provide access to tiie New Ramp or any adjacent property; (3) The lease and/or purchase terns for the New Ramp, including any extensions or renewals; - 23 - (4) Parking rights and payments for AFICA, for Developer, for the general public, and for any other parties; (5) The design requirements, plans and specifications for the New Ramp; (6) Requirements for any construction contracts for the New Ramp, inchiding any payment and performance bond or other requirements; (7) Any rights to inspect the New Ramp's construction, to require "as built" drawings, to warranties, etc.; (8) What, if any,portion of the New Ramp will be located in or excluded from the renaissance zone to be created under Section 5,6 of this Agreement; and (9) Any operational or use requirements or limitation. (C) The Current Ranip may not be demolished prior to the tune permitted under the agreement to be entered pursuant to this Section. Article V: Economic Development 5.1 Pu_ ipose. (A) When completed, the Project will vastly alter the appearance of the vicinity with the elimination of the "tunnel" that the Current Ramp gives, the demolition of the building on the Developer Property, the re-occupancy of the long vacant Power Station, the addition of retail shops, the continuation and linkage of the riverwalk, and the general beautification of the area. Finally, it will enable the City to retain 623 jobs and a major corporate headquarters and to enable the creation of up to, an estimated additional 500 jobs in its downtown. The parties anticipate the estimated $130 million project will eventually add over an estimated $50 million to the City's tax base. (B) However, the parties estimate addressing the enviroarnental issues on the City Property, removing the existing Chilled Water Facilities and constructing new Chilled Water Facilities, relocating the Steam Facilities, and demolishing the Current Ramp will cost as much as $25 million, Constructing the New Ramp will cost about $20 million and improving and enhancing the riverfront along the Site will cost upwards of$3.0 million. Therefore, to obtain the economic, aesthetic and other. benefits of the Project, it is necessary to make the Project financially viable by addressing the many.chall"cngcs il-ierent in the Site and in retaining jobs in the City, (C) Accordingly, City officials have aligned an array of Public Support for the Project. Each is interdependent on the other and each requires attention to various requirements to assure its benefits are available on a timely basis. 5•92 Brownfield Fviancing and Infrastructure Payments. -?4 - (A) Infrastructure payment. (1) Developer shall, at or before the closing, mare available to the BWL, pursuant to a written agreement among all the parties which shall, at a millinium, require the'signature of a BWL official prior to the release of such funds, the amourrlt of$20 million to be used by the BWL to pay costs incurred to construct and install the New Chilled Water Facilities and the New Steam Facilities. (2) The BWL shall from its own funds pay any amounts incurred in excess of $20 million to construct and install the New Chilled Water Facilities-and the New Steam Facilities. (3) Disbursements from the funds to be provided under subsections (1) and (2) above shall be made as provided in Section 3.2 of this Agreement. (B) Reiribursernents from tax increments. (1) It is intended that available tax increment revenues captured pursuant to the Brownfield Redevelopment Financing Act, 1996 PA 381, as amended ("Act 381") be used to reimburse Developer for reimbursable costs incurred by Developer for relocating the Steam Facilities, constructing the new Chilled Water Facilities, removing the existing Chilled Water Facilities, and demolishing the Current Ramp which shall be the subject of a separately negotiated brownfield plan and reimbursement agreement. (2) Such funds can be captured only in accordance with all of the following: (a) A brownfield plan for the Site approved by the LBRA and the City Council which is a condition of closing under Article I. (i) The City, the BWL and Developer shall jointly prepare the brownfield plan for the Site for consideration by the LBRA not later than March 1, 2008. (ii.) Provided it is approved by the LBRA by the date provided in paragraph (i) above, the brownfield plan shall be submitted to the City Council for a public hearing and approval not later than April 15,2008. (b) In order to capture t.x increment revenues generated from state educational and local school operating tax millages, a brownfield work plan must also be approved by the Michigan Economic Growth Authority ("riIEGA") which is a condition of closing under Article I: The City, the BWL and the Developer shall jointly prepare the brownfield work plan. Provided it is first approved by the LBRA, the work plan shall be submitted to the MEGA for consideration by and approval of the MEGA not later than May 15,2008. - 25 - (c) Capture of these tax increment revenues will .require the City Council and the LBRA to.adopt resolutions. Nothing in this Agreement shall prevent the City Council and the LBRA Board from exercising their discretion in the adoption of the needed resolutions or other actions to be talcen, (d) A reimbursement agreement among the City, the LBRA, the BWL, and Developer, that provides for disbursement of the tax increment revenues pursuant to this Agreement is a condition of closing under Article I. '(3) To the extent AFICA occupies the Site at the time they are available for distribution, Developer shall have the right to assign to AFICA all of Developer's rights to receive the tax increment revenues captured by the LBRA as set forth above and as provided in the reimbursement agreement to be entered .into pursuant to subsection 5.2(B)(2)(d) above. Such assigninent shall not take effect until the City, the LBRA, and the BWL are notified in writing of the assignment'. 5.3 Brownfield Tax Credits. Act 381 also provides for state business tax credits with the approval of a brownfield plan by the LBRA and-the City Council and with the approval of the amount of the tax credits by the MEGA. The brownfield plan shall be submitted to and approved by the City Council as provided in paragraph 5.2(A)(2)(a) above. Developer shall submit the appropriate application to the MEGA for its consideration and approval not later than May 15, 2008. Approval of the tax credits in the amount of at least.$9.9 million is a condition of closing under Article I. 5.4 CMI Grant Funds. The parties.agree that enhancement of the riverfront along the Site is essential to the success of the Project. -The City has received a preliminary grant collnn]ltnlent from the MDEQ for a Clean Michigan Initiative ("CMI") grant of$3.2 million that are available to use for ettllancement of -the riverfront with public infrastructure improvements. After providing Developer an opportunity for review and comment, the City will,not later than May 1, 2008, submit an amended waterfront development plan to the MDEQ showing, at a mininnunt, proposed public infrastructure enhancements to the riverfiont contiguous to the Site. Final approval of this CMI grant is a condition to closing under Article I. 5.5 EPA Grant Funds. The City has obtained a $600,000 grant from the United States Envirotunental Protection Agency ("EPA") for use for environmental remediation in cormection with the Project. The City will, not later than August 30, 2008, obtain any additional needed approvals from state officials to use the funds for such purposes.. This is a condition to closing under Article I. 5.6 Renaissance Zone. Property located in a "renaissance zone" created under the Michigan Renaissance Zone Act, 1996 PA 386, as amended ("Act 386") is exempt from various taxes as are those who occupy such property. The parties agree that approval of.the Site as a renaissance zone is critical to the Pro cot's viability. The parties have yet to determine what, if any, portion of the New Ramp should be within a renaissance zone and will address that as. part of the agreement for the New Ramp under subsection 4.1(B) of this Agreement. Enactment of a ?6 - resolution by the City Council in support of the renaissance zone prior to September 15, 2008 shall be a condition to closing under Article I. Developer may elect the date upon which such renaissance zone application.is submitted to the State, which is currently estimated to be January 1,2009. 5.7 Historic Tax Credits. (A) The City and the BWL shall cooperate with Developer as Developer seeks creation by the City of a historic district encompassing the Power Station. Approval of the historic district is a condition for closing under Article I. Approval of tax credits related to that designation is not a •condition to closing and is solely Developer's responsibility. To the extent reasonably necessary prior to closing on the conveyance of the City Property to Developer, the City and the BWL shall execute as the owner of the City Property such documents as may be needed to obtain such tax credits. (B) If Developer does not apply for such designation by February 1, 2008 or does not waive the approval of the historic district as a condition of closing by February 1, 2008 and, as a result, closing does not occur, either the City or the BWL may elect to terminate this Agreement. If either does so, the Earnest Money shall be paid to the City and the BWL as liquidated damages and this Agreement shall terminate upon the City's and BWL's receipt of the Earnest Money. 5.8 Failure to Obtain or Give Public Support Approvals. (A) Approval of the Public Support requires various public officials and bodies to make discretionary decisions, often using statutory or other criteria and considering a variety of information including information offered by the public. Nothing in this Agreement is intended to impair or limit any discretion of any public official or body. (B) Except where another or additional remedy is expressly provided by this Agreement, if any approval that is required under this Article to be given prior to closing or any deadline under this Article is required to be met before closing is not given or met prior to the closing: (1) The parties may waive that condition to closing and proceed to closing. (2) The parties may, without amending this Agreement but with resolution approved by the City Council and the BWL, extend the date for closing until such approvals can be obtained and/or steps completed. (3) Any party may terminate this Agreement and the Earnest Money shall be returned to Developer. This Agreement shall terminate when the Earnest Money is returned to Developer. Article VI: Miscellaneous - 27 - 6.1 Fair Employment Practices. Developer agrees that in the constntction of the Project and all other work Developer is to perform under this Agreement, Developer and its contractors, agents and representatives shall comply with all applicable laws, ordinances, rules, regulations and other legal requirements, whether now.in effect or hereinafter taking effect with respect to equal opportunity, affirmative action, payment of prevailing wages and fringe benefits. Furthermore, Developer agrees to enter into a Project Labor Agreement in a form approved by BWL with Developer's contractors and subcontractors for the New Steam Facilities and the New Chilled Water Facilities. Finally,Developer intends to negotiate a Project Labor Agreement for any other work on the Project. Developer shall ensure that Christman and its subcontractors also comply with the provisions of the Project Labor Agreement entered into by Developer. 6.2 Remedies. (A) Where return or retention of the Earliest Money is provided, it shall be the sole remedy available to the party. Where payment of the Earnest Money to or the retention of the Earnest Money by the City and the BWL is provided, it shall be divided and dispersed as they mutually direct in writing. If the City and the BWL do not agree on the division and dispersal of the Earliest Money between them, the Earnest Money shall be allocated between them based on invoiced and paid costs each has incurred according to the following: first to pay for the costs of obtaining the return of the Earnest Money, then to pay for the costs of preparing this Agreement, then for the costs of preparing plans and obtaining approvals as required by this Agreement, and, finally, by dividing the remainder. Otherwise, any remedies provided in this Agreement shall be cumulative of all remedies available under applicable law or in equity. (B) Where this Agreement calls for the payment of attorneys fees and transactional costs, the party required to pay such amounts may review the invoices therefore to the extent the information in those invoices is not privileged. If the parties do not agree on the amounts to be paid, they shall seek the opinion of an attorney from another Michigan based law firm who has experience with transactions of such a nature and complexity as this transaction regarding the reasonableness of such fees and costs. If the parties can agree on an attorney to review those invoices, the opinion of that attorney shall be binding on the parties. If they cannot agree, the party seeking the fees shall select an attorney, the party to pay the fees shall select an attorney and the two selected attorneys shall select a third attorney and the majority decision of the three attorneys so selected shall be binding on the parties. No selected attorney or that attorney's law firm shall have provided services for any party within the last 5 years. (C) Remedies may be exercised together or separately and the exercise of one or more remedies shall not preclude the subsequent exercise of other remedies. (D) The parties agree that some legal remedies may be inadequate and that equitable remedies are more appropriate. The parties agree that any breach of this Agreement causes irreparable harm to non-breaching parties. -28 - (E) To tine extent permitted by law, the parties agree that the j urisdiction and venue for any action brought pursuant to, arising from or to enforce any provision of this Agreement shall be solely in the state courts in Ingliam County, Michigan. (F) To the extent permitted by law, the parties agree that in any action brought pursuant to, arising from or to enforce any provision of this Agreement the prevailing patty shall, in addition to any other remedy, be entitled to recover its costs, including, without limitation, actual, reasonable filing fees, legal fees, expert fees, discovery expenses and other costs incurred to investigate, bring, maintain or defend any such action for its first accrual or first notice thereof tlu'ough all appellate and collection proceedings. (G) Time is of the essence in this Agreement. The failure of any party to comply with a deadline imposed by this Agreement is a substantial breach of this Agreement. However, the parties may, by written agreement by the Mayor and the General Manager of the BWL agree to a one-time extension of a deadline of up to 60 days and after approval by tine City Council and the BWL, extend any deadline in this Agreement to whatever date is then agreed upon, without formally amending this Agreement. It is further provided, that if it is unable to meet any required deadline under Section 1.7 of this Agreement, Developer may, at its discretion extend the closing date by up to 180 days if it reasonably believes that, in doing so,it can meet the deadline. If any deadline is so extended, all subsequent deadlines in this Agreement that are established in reference or in harmony to the missed deadline shall be similarly extended. (H) If the BWL fails to perform any covenant or condition of this Agreement with regard to any of its obligations under any applicable Environmental Law and such failure continues for thirty(30) days after written notice from Developer to the BWL, Developer. ntay pay or perform on behalf of the BWL the defaulted obligation of tine BWL, in which case the BWL shall rebnburse Developer on demand for all costs incurred by Developer in so doing,including, without limitation, reasonable attorney fees, together with interest at the statutory rate for a civil judgement from the date of Developer's payment or performance until paid. Notwithstanding the foregoing: (1) if any such failure cannot reasonably be cured within thirty (30) days,the BWL shall not be in default if the BWL begins to cure during such 30-day period and diligently attempts to cure thereafter; and (2) if the BWL's breach materially interferes with Developer's construction schedule for tine improvements to be made to the Project,Developer may pay or perform the BWL's default obligation after three (3) days written notice. 6.3 Entire Ageement. This is the entire agreement among the parties or any of them with respect to its subject matter. It supersedes and replaces any prior or contemporaneous agreements whether written or verbal, express or implied. It may not be amended except by a writing signed by all the parties after approval by their respective governing bodies. 6.4 Interpretation. All parties had input into the drafting of this Agreement and all had the advice of legal counsel before entering into this Agreement. Therefore, this Agreement shall be coristnted as if mutually drafted. The captions are only for reference and shall not affect the - 29- interpretation of this Agreement. However, the recitals are an integral part of this Agreement. Several copies of this Agreement may be signed, but they shall all constitute only one agreeanent. A copy of this Agreement and all exhibits may be used as an original in any action or proceeding Involving this Agreement. The exhibits are an integral part of this Agreement and are incorporated into this Agreement. Whenever an officer is mentioned by title in this Agreement, it shall be construed as meaning that officer or his/her designee or, if the office is abolished or duties transferred to another officer, to the officer to whom such duties are assigned. 6.5 Notices. Notices shall be complete when delivered by personal delivery, by courier or delivery service (such as UPS, FedEx or other service) or by certified mail, return receipt requested to the addresses first written above. If any party refuses to accept delivery when presented,delivery shall be deemed to have occurred at the time of such refusal. 6.6 Assignment and Benefit. No party may assign this Agreement or any rights, duties or obligations under this Agreement without the express, prior written authorization of all the other parties following action by their respective governing bodies. Stich authorization shall not be unreasonably withheld, delayed or conditioned. This Agreement shall be binding on the parties and their pennitted successors and assigns. However, no other parties are .intended to benefit from or be beneficiaries of this Agreement. 6.7 Further Documents. Should further documentation reasonably be needed to effectuate the provisions and intent of this Agreement, each party agrees to execute such further documents as are reasonably needed without undue delay or conditions. 6.8 Recording. A memorandum of this Agreement may be recorded with the Ingham County Register of Deeds by and at the expense of any party wishing to do so. If requested by any party, the other parties shall cooperate in preparing and executing such a nnemorandunn for recording in a form reasonably acceptable to all parties. -;0- The parties have signed this Agreement as of the date first written above. CITY OF LANSING approval as to fonn: By: Virg Berrnero,Mayor Brigham C. Smith, City Attorney By: Cluis Swope, Clerk Clack Hill PLC Scott C. Snuth Paul F. Novak Miller, Canfield,Paddock & Stone PLC William J. Danhof Michael J. Hodge BOARD OF WATER AND LIGHT Or THE approval as to foizn: CITY OF LANSING By: J. Peter Lary, General Manager Honigman, Miller, Schwarz & Colin LLP Eric J. Eggan By: Sernone James, Chair By: Rhonda Jones, Corporate Secretary CHRISTMj AN CAPITAL DEVELOPMENT COMPANY By: Steven F.Roznowsld, President By: Matthew T. Chappelle, Secretary/Treasurer J S LANSING ECONOMIC DEVELOPMENT COPPOR.A.TION By: Robert L. Trezise, h.,President and CEO By: Karl Dorshimer,Vice President 5534051 v.1 EXHIBIT A LEGAL DESCRIPTIONS "CITY PROPERTY"DESCRIPTION Real property in the City of Lansing, County of Ingham, State of Michigan, described as follows: COMMENCING AT THE CENTER POST OF SECTION 16, T. 4 N.R. 2 W., CITY OF LANSING, INGHAM COUNTY,MICHIGAN; THENCE ALONG THE EAST-WEST 1/4 SECTION LINE OF SECTION 16, N 89° 59' 00" E 527.87 FEET; THENCE N 00' 01' 45" W 330.00 FEET TO THE NORTHWEST CORNER OF BLOCK 99, ORIGINAL PLAT OF THE TOWN OF MICHIGAN,NOW CITY OF LANSING,AS RECORDED IN LI13ER 2, PAGES 36-38, INGHAM COUNTY PLATS,AND THE POINT OF BEGINNING;THENCE ALONG THE EAST LINE OF NORTH GRAND AVENUE N 000 01' 45"W 519.77 FEET TO A FOUND R.R. SPU<E ON THE CENTERLINE OF VACATED IONIA.STREET;THENCE ALONG SAID CENTERLINE DUE EAST 89.09 FEET; THENCE N 50' 05' 10" E 157.52 FEET; THENCE N 00' 29' 40" E 39.86 FEET TO A POINT ON THE CENTERLINE OF THE PARTY WALL TO THE WEST EXTENDED EASTERLY; THENCE ALONG SAID EXTENSION AND ALONG THE CENTERLINE OF THE PARTY WALL N 890 58' 00" W 210.25 FEET TO THE EAST LINE OF NORTH GRAND AVENUE; THENCE ALONG SAID EAST STREET LINE DUE NORTH 296.14 FEET TO A FOUND CUT CROSS IN THE CONCRETE SIDEWALK, SAID POINT BEING ON THE SOUTH LINE OF SHIAWASSEE STREET; THENCE ALONG SAID SOUTH STREET LINE S 890 58' 00" E TO THE WESTERLY EDGE OF THE GRAND RIVER; THENCE SOUTHERLY ALONG THE WESTERLY EDGE OF THE GRAND RIVER TO THE SOUTH LINE OF OTTAWA STREET; THENCE ALONG SAID SOUTH STREET LINE DUE WEST TO THE POINT OF BEGINNING.. There shall be excluded from the final legal description of the City Property that portion of the parcel legally described above which constitutes "waterfront", as defined in City Ordinance 208.10 (except for that portion of"waterfront" that is occupied by the cun-ent Power Station Building, which shall be conveyed). Also, there shall be excluded from the final legal description of the City Property any property that is south of the vacated Ottawa Street curb line. "DEVELOPER PROPERTY"DESCRIPTION City of Lapsing,County of Ingham,State of Michigan,legally described as: Commencing at a point on the East side of Grand Avenue 296.1 feet South of the Southeast corner of Grand Avenue and Shiawassee Street,running thence East parallel with Shiawassee Street along the centerline of a 12 inch brick firewall whose bearing measures South 89 degrees 53 minutes 57 seconds East 210.25 feet,thence South 00 degrees 29 minutes 40 seconds West 39.74 feet, thence South 50 degrees 05 minutes 10 seconds West 157.52 feet to the centerline of the former Ionia Street now vacated, thence West along said centerline 89.09 feet to the East line of Grand Avenue,thence North 141.15 feet to the point of beginning,being a part of Lots 12 and 13 Block 66 and a part of Ionia Street between Blocks 66 and 98 of the original plat of the City of Lansing, Ingham County, [This exhibit is based on preliminary information currently available to the parties. It is subject to further refinement and definition prior to executing this Agreement and,following execution of this Agreement. It is specifically subject to survey verification, based on a survey to be obtained by )Developer, to be prepared by C2AE. The final legal descriptions for the "CITY PROPERTY" AND "DEVELOPER PROPERTY" shall be based on the survey to be obtained by Developer from C2AE,subject to the provisions of the Agreement) EXIS TING CHILLED WA 7EP, / LINES TO REMAIN VIA EASEMENT NORTH a I LANSING BOARD ri / OF NA TER AND LIGHT / O TTA WA STA TION J I I Z � I / 1 / I z O z / SEE PAGES B1-83 / z, FOR MAJOR EOUIRIVENT REMOVAL I o I � EXISTING STEMV TO REMAIN VIA EASEMENT CUT & CAP d'; 12" Q & JO" STEAM PIPING,' 2� V co ' 24"LP 57EAo1 yJ ; 30`LP STEAK/ 3� 0 TTA VIA s — - - - - — -_—= - ' STREET J"571.1 I EXHISI T S CHILLED VIA TER PLANT STEAM OISTRIEUTION REMOVAL PLAN SEE S-7 j I Steam Distribution Equipment j Removal List Iltem;Description _....-- -___-.— iQLY imecQical 1 1 1Steam Pressure Reducing Valves �: 2 Isolation Valves E 1� 4 5lrainers l I --___ I 5 Safety Valves ------- - — ----... 3 G ,Spare Parts Starred on Site Lot 7 ;I nstruments &Transmitters 1Lot '12/'14120073:18 PNl Development Agreement'I.AsExhibit B Steam It ------------- 45 4Y - -----------r ------------------ --------- I I- - - - - � ,Kr. NJ_ j I B 2 CHILLER PLANT MAJOR STEAM DISTRIBUTION EQUIPMENT REMOVAL BWL 152-152 WAT111,11GHT --------------- TGD 4 ...... ..... If Fl=fftM B3 W CHILLER PLANT MAJOR STEAM DISTRIBUTION EQUIPMENT REMOVAL BWL 152-358 152 j 35a I o 0 o ' / E,YISTINC CHILLED !'YA TER . LINES TO REMAIN VIA EASEdfENT 1 z r auRru I � o y / j I I LANSING BOARD OF KA TER AND LIGHT OTTAWA STA TION LL�i No � r � z S.FE PA CES C1—C12 lFOR MAJOR EOUIPMENT I I REMO I1AL I 22 I � i HIV � I CUT & CAP 6 CHILLED Q`c bfIA TER SUPPL Y & RETURN Y z EXISTING STEAM TO REMAIN o VIA EASEIVENT s 74 LP 57EA, JO"LP 5TEAAI �� I W � 1�6/G� GVh O TTA WA TREE I I SAI / I EXHIBI T C CHIL LED IIVA TER PLANT RE MO VA L RL AN SEE C-I 121;4C2OO711:5OA0 R1 12'13-D7 Development AgrenmenidyExhi bit C Chilled Water ' I i I N.0 ' .. i A I T = _ v� 1 : , M�: I ' ---- -----------43 ZY r.=r ■� I I h _:. } a. 1�.�..M.f ✓ - I I .. I —o>u:•. fly+�'r•� ------ -L-L--------1- ----------- -� --- ' , r t I t I T= _ J II ,l � l� •�� = I }� � J 'lid _1 CHILLER PLANT MAJOR EQUIPMENT REMOVAL BWL 152-084 �11 I i j I •I 1 i nay I n.o.•a I ply ffj ral 40 - :{){j, �_ —='��• - I I _.ter: I I - Zt J b I i II y I _ate M t,• 1 ••'- 1 1 I ., I _ __ _�___, ______ r •- �3 � I I I �-.e-�;�'r;"W tip.:.. ' - -- 1 �• --ems �`�- 1 - T-•n si _ ��� a� I anwtw�i{uicYt�`Y��-;��bv A .) I I li III!I I I C 3 f I 'I CHILLER PLANT MAJOR EQUIPMENT REMOVAL .__ y BWL 162-086 j 'I i I ------------------ 11-0 3 I. I �L 1 ,I r-O-- Of� fiV N illi I I I• n I I. - . � .4 CHILLER PLANT MAJOR EQUIPMENT REMOVAL BWL 152-089 11 I 1 i -- -- -- - 1 'j- --- ------- El ------------- ---------- - - ---------------- -------------------- --------------- rs AD C5 CHILLER PLANT MAJOR EQUIPMENT REMOVAL BWL 152-151 I I -- i I �yl l_ I h � �"-•a� .i r,. c;viy,.�r.-:\A i. I .'.'•'r.:zo..= 44, - M . Fel —b J ._ .�a.. :�_ - -- --- --- IT .:,.�• r.� C 6 EQUIPMENT REMOVAL BWL 152-1 52 l i ICHILLER PLANT MAJOR :.... �• _-- +�' 4M C-k 0 7 F- It-r C7 BWL 152-161 CHILLER PLANT MAJOR EQUIPMENT REMOVAL ---- 1 ` I - d." •`� rAr y I I i . ui+ ran `•n" , i - IJ ` I 10 Li u-r V V 1 CHILLER PLANT MAJOR EQUIPMENT REMOVAL _emu" I gWL 152-154 ' I IF ------------- ------ - ----------- ------------ ------------- -------------- ---- IL L-J ---------- --------- -------------- ----------- ------------- IT I -----------------------i=,--- ------------------A ------- ---------- ------ �kh C 9 CHILLER PLANT MAJOR EQUIPMENT REMOVAL BWL 152-155 i e� I - I - � I f Al , _ f ---------- i_- � 1 i r:rS.lairs•rm'F,�i��°� n c 1 e i i CHILLER PLANT MAJOR EQUIPMENT REMOVAL 11 BWL 152-156! -------- === _ rv._._ i '/ ii�M N c•o I - jI -� t I 17 _ is i;-�'•'°` ��� �/ I J I t I J � — � -----•J LI i ., 1 S •� l i i Cel l yf"•un::r:YfCC xMm vLJ CHILLER PLANT MAJOR EQUIPMENT REMOVAL BWL 152-157 i I T7 k 0 1 1,I] r If . r -x T I I 11-L ----- T %lall 10 Lq 7 L C12i I CHILLER PLANT MAJOR EQUIPMENT RL=MOVAL BWL 152-160 EXHIBIT D DESCRIPTION" CURRENT RAMP" Description of"Current Ramp". The "Current Ramp" is shown in the attached figure and is depicted inside the red border. The structure has been generally referred to as the"expansion ramp"and is bound by Ionia Street on the north,the west side of the Grand Avenue right of way Oil the west, Ottawa Street on the South, and the alley west of the former Ottawa Power Station on the east. For the purposes of demolition, the Current Ramp also includes the pedestrian and vehicular connections to the original North Grand Ramp. The original North Grand Ramp shall not be demolished. [This exhibit is based on prelinritrary information currently available to the parties. It is subject to further refinement and definition prior to executing this Agreement and,following execution of this Agreement.] r .. ` Z,Y_:ur+ ;_l .� d/c�� � r' .•it f`,.r ate•' �t a:' 1. L i J 1Jll aw rt}' • � h- tul+� is EXHIBIT E DESCRIPTION AND DEPICTION OF THE "PROJECT" DESCRIPTION OF THE "PROJECT" The proposed development will involve reptuposing of the historic Ottawa Power Station, a decommissioned electric power generation facility and the surrounding propetties, into Class A office space to be leased on a long-tens basis by Accident Fund Insurance Company of Arne-rica for use as a new national coil)orate headquatlers campus. Broadly, the project entails the following components: (1) Environmental remediation of site and building contamination, and demolition of ttivo existing buildings to the north of the power plant; (2) Development of the approximately seven acre site, including a 25-foot wide public "linear" park along the Grand River's edge, 'front Wentworth Park to Shiawassee Street, to be owned by tine City of Lansing; (3) Removal of an existing 10,000 ton chilled water plaint and high-pressure steam distribution facility currently situated within the power plant, and development of replacement facilities, at new offsite locations, to maintain utility services; (4) Removal of an existing parking deck expansion currently spanning Grand Avenue and partially occupying the southwest comer of the proposed site; (5) Renovation of the historic Ottawa plant, including comprehensive structural reconfiguration and abatement, to provide approximately 185,000 GSF of off ice space and 3,400 GSF of basement parking; (6) Development of an approximately 105,000 GSF building addition,designed to complement the historic power plant,with additional office space to house 400 employees and a central energy plant; (7) Purchase and installation of partitions, RlMiture, and other office equipment required for the corporate operations to be housed in the facility; (8) Development of technology and communications infrastructure,inchiding data center facilities; (9) Development, for either City of Lansing or private ownership,of an approximately 1,000 to 1,200 car parking deck, for use by Accident Fund employees and for potential public parking. EXHIBIT F DEVELOPER'S ENVIRONMENTAL REMEDIATION ON CITY PROPERTY [This exhibit is based on preliminary information currently available to the parties. It is subject to further refinement and definition prior- to executing this Agreement and, following execution of this Agreement.) As part of the contemplated redevelopment, the following environmental remediation and other related activities are anticipated to be included as the responsibility of the Developer. The items are intended to be general in mature, as it is intended that the extent of environmental contamination will be further characterized, and the associated remediation requirements delineated,by a Baseline Enviromnental Assessment and Due Care Plan(s) the Developer will prepare as pail of the due diligence and other investigatory activities prior to closing. For further ease of reference,please see the attached "Figure No. 1"prepared by NTH Consultants, Ltd. as part of the Due Diligence Study referenced under section 1.3 (B) (2) of this agreement. A.) Removal and disposal in a Type II landfill of soils located in the norlllcast quadrant of Parcel A that are contaminated with petl'olerinl compounds, specifically polynuclear aromatic (PNA) hydrocarbons, at concentrations that exceed MDEQ criteria for volatilization to ambient air. B.) Removal and disposal in a Type I landfill of lead and cadmium contaminated soils in the southwest quadrant of Parcel C. C.) Disposal in a Type 1.1 landfill of any soils removed from site during construction. D.) Abatement and proper disposal. of all asbestos-containing window caulk and/or other glazing materials from the windows of the Ottawa Power Station. E.) Abatement and proper disposal, or encapsulation, of lead-based paint within the Ottawa Power Station. R) Abatement of hazardous materials contained within 300 North Grand Avenue ("Stackable Building") and 312 North Grand Avenue ("BWL Building") as required from mass demolition of completed building and foundations. G.) Installation of vapor barrier in the basement of the Ottawa Power Station, including a concrete topping slab. II.) Any dewatering of site, as required for constriction, will include disposal in the City of Lansing municipal sanitary sewer system, including all permits and environmental or other controls required for such disposal. 550836 .S !6005/119350 IN I hT-� EAST SHUIWASSEE STRLLT J` A ••��' ESTIMATED LIMrr OF SOIL II IMPACTTHAT EXCEEDS VOLATILIZATION CRITERIA (DEPTH OF IMPACTED SOIL ' UIM I�'( ppPRO% ATELY2TO4FEET PARCEL"A" JIII BELOW GROUND SURFACE) NOTE W ANY SOIL REMOVED DURING }U11( CONSTRUCTION ACTIVITIES WILL S¢�I; Abatement and demolition EITHER NEEOTO BE RE-USED d!S; APPROPRIATELY ON-SITE BERMS)OR DISPOSED OF ATA 1i FACT II MUNICIPAL LANDFILL �r''•„ APPROXIMATE LIIAITS FACILITY. :r um•�it..:v:rn%.u==/ ( OF FORMER CON. i�` t STORAGE AREA, / //)l11 REPORTEDLY CAPPED H Dewatering r rl:r*fir/ ; WRHCLAYEY SOIL _ r LAST 10l TA STRGLT r J PARCEL ESTIMATED LIMIT OF SOIL IMPACTED WITH LEAD AND CADMIUM AT A LEVELREOUIRING Y L- - -J DISPOSAL EILANDFILL pARCEL"C" I (DEPTH OF IMPACTED SOILS 1 APPROXIMATELY]TO 7 FEET A.U. y ® Asbestos Window BELOW GROUND SURFACE) Caulk and Glazing E Lead-based paint FORMER MANUFACTURED GAS PLANT(MGP) I Vapor Barrier 1 '/.• Irrc,: LLGLND SEPARATE PHASE PRODUCT APPRO%RAATELOCATION OBSERVED.POSSIBLE MIGRATION FROM OFF.Sn OF MONITORING WELL E SOURCE OFIN MONI O RI ASSESS (MANUFACTURED GAS PLANT) /LY POTENTIAL CONTAMINANT �JI 'lr t�rcutvr.�//r�/rn'r ' MIGRATION FROM FORMERMGP LAST O-rrA,YA STRLLT , ------ -__,'/; GRAPHIC SCALE 120 0 120 1•=120' is-0iotela0 ooTDiolw Fqunen �ro Pad HTR consul an a,Ltd. PARCEL LAYOUT MAP W�esr x�NAR xooT I.. .� -N sHe i•�7x0' r,•�...,.,.IA.�s. FORMER COAL STORAGE SITE _(i �snua AnO, LANSING,MICHIGAN *=r*NOT TO SCALEE4*- Attachment A Electric Rate Schedules Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED RESIDENTIAL ELECTRIC SERVICE RATE NO.1 Availability-This rate is available to any single-family or multifamily dwelling of 4 units or less when the entire electric requirements are supplied at one point of delivery through one meter. Service to appurtenant buildings may be taken through the same meter. Service under this rate is not available to any single-family or multifamily dwelling unit of 4 units or less when a portion of the dwelling unit is used for commercial,industrial,or resale purposes unless the wiring is so arranged that service for residential and non-residential purposes are metered separately. Nature of Service-The service is alternating current,60 hertz,single phase, 120/240 nominal volts. Monthly Rate - Shall be computed in accordance with the following charges: 3/1/08 Basic Service Charge $4.76 Per customer per month Commodity Charge Summer Billing Months of June through October $.0705 Per kWh for the fast 500 kWh $.0752 Per kWh for all over 500 kWh Winter Billing Months of November through May $.0705 Per kWh for the first 500 kWh $.0734 Per kWh for all over 500 kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Enerev Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board of Water and Light(BWL)property,or its operation,or the production and/or sale of electric energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Auxiliary Power Provision-Domestic customers desiring electric service as an auxiliary source of power to wind or solar powered generating equipment may take service under this rate schedule under special agreement with the BWL. The customer shall pay the charges set forth above. A customer taking auxiliary power under this rate shall pay all reasonable costs associated with any alteration of BWL equipment required for proper operation of the customer's generating equipment in parallel with the BWL system. A customer may elect to sell energy to the BWL at the rate of $.022/kWh delivered. Customers selling energy to the BWL shall pay a charge of$6.40 per month or part thereof instead of the above Basic Service Charge. Rules and Regulations - Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED GENERAL ELECTRIC SERVICE RATE NO.3 Availability-This rate is available to any customer desiring secondary voltage service for any purpose when supplied at one point of delivery through one meter. 'Ilse limitation to secondary-voltage service may be waived in instances where the character of the electric load at the premises served has changed substantially. This rate is not available for emergency or standby service. Nature of Service-The service is altemating current,60 hertz,single phase or three phase. The secondary voltage is determined by the Board of Water and Light(BWL). Monthly Rate-Shall be computed in accordance with the following charges. 3/1/08 Basic Service Charge $16.78 per customer per month Commodity Charge Summer Billing Months of June through October $.0827 per kWh Winter Billing Months of November through May $.0796 per kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Enerev Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Metering-Where the BWL elects to measure the service on the primary side of the transformers,the metered kWh thus measured will be reduced by 3%for billing purposes to adjust for transformer losses. Where the customer receives service through more than one meter,the consumption as registered by the different meters will not be combined for billing purposes,but will be computed and billed separately. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7,00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Auxiliary Power Provision-Customers desiring electric service as an auxiliary source of power to wind or solar powered generating equipment may take service under this rate schedule under special agreement with the BWL. The customer shall pay the charges set forth above. A customer taking auxiliary power under this rate shall pay all reasonable costs associated with any alteration of BWL equipment required for proper operation of the customer's generating equipment in parallel with the BWL system. A customer may elect to sell energy to the BWL at the rate of$,022/kWh delivered. Customers selling energy to the BWL shall pay a charge of$25.00 per month or part thereof instead of the above Basic Service Charge. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED LARGE GENERAL ELECTRIC SERVICE RATE NO.4 Availability-This rate is available to any customer desiring secondary voltage for any purpose when the electrical requirements are supplied at one point of delivery through one metering installation and the billing demand is 15 kW or more. The limitation to secondary-voltage service may be waived in instances where the character of the electric load at the premises served has changed substantially. This rate is not available for standby or emergency services. Nature of Service-The service is alternating current,60 hertz,single phase or three phase. The secondary voltage is determined by the Board of Water and Light(BWL). Monthly Rate-Shall be computed in accordance with the following charges. 3/1/08 Basic Service Charge $35.79 per customer per month Capacity Charge $9.79 Per kW for all kW of Maximum Demand Commodity Charge Summer Billing Months of June through October $.0441 Per kWh Winter Billing Months of November through May $.0403 Per kWh Reactive Power Charge $0.0089 per kvarh in excess of 50%of total kWh. The Reactive Power Charge shall be applicable to customers who have reactive kilovar hour(kvarh)metering installed in accordance with BWL Rules and Regulations regarding power factor. Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Energy Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference, Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Billing Demand-The billing demand shall be the kW supplied during the 15-minute period of maximum use during the month. Metering-Where the BWL elects to measure the service on the primary side of the transformer,the metered kW and kWh quantities thus measured will be reduced by 3%for billing purposes to adjust for transformer losses. Where the customer receives service through more than one metering installation,the consumption as registered by the different metering installations will not be combined for billing purposes,but will be computed and billed separately. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2009 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED PRIMARY ELECTRIC SERVICE RATE NO.5 Availability-This rate is available to any customer desiring primary voltage service when the electrical requirements are supplied at one point of delivery through one metering installation(except as provided below for Multiple Delivery Point Aggregation)and the billing demand is 100 kW or more. This rate is not available for standby or emergency service. Nature of Service-The service is alternating current,60 hertz,three phase. The primary voltage is determined by the Board of Water and Light(BWL). Monthly Rate-Shall be computed in accordance with the following charges: 3/1/08 Basic Service Charge $89.49 per customer per month Capacity Charge $7.94 Per kW for all kW of On-Peak Billing Demand,plus $2.63 Per kW for all kW of Maximum Demand Commodity Charge Stummer Billing Months of June through October $0.0387 Per kWh for all kWh during the On-Peak Period,plus $0.0350 Per kWh for all kWh during the Off-Peak Period,plus Winter Billing Months of November through May $0,0369 Per kWh for all kWh during the On-Peak Period,plus $0.0350 Per kWh for all kWh during the Off-Peak Period Reactive Power Charge $0.0089 per kvarh in excess of 50%of total kWh The Reactive Power Charge shall be applicable to customers who have reactive kilovar hour(kvarh)metering installed in accordance with BWL Rules and Regulations regarding power factor. Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Energv Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Billine Demand On-Peak Billing Demand: The On-Peak Billing Demand shall be the kW supplied during the 15-minute period of maximum use during the On-Peak Period during the month. Maximum Demand: The Maximum Demand shall be the kW supplied during the 15-minute period of maximum use during the month whether on-peak or off-peak. Schedule of on-peak and off-peak periods-The On-Peak Period shall be from 10:00 a.m.until 6:00 p.m.,Monday through Friday. All other hours shall comprise the Off-Peak Period. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED PRIMARY ELECTRIC SERVICE RATE NO.5 Multiple Delivery Point egere¢ption-The 15-minute period demands of multiple delivery points of a customer may be summed for determination of the total On-Peak Billing Demand under the following conditions: (a)the Maximum Demand at each delivery point must equal or exceed 100 kW;(b)the total On-Peak Billing Demand shall not be less than 4,000 kW;and(c)the customer shall agree to a service contract with the BWL for the customer's full electrical service requirements at the aggregated delivery points for a period of not less than five(5)years. Aggregation shall be applicable for determination of the On-Peak Billing Demand only. All other charges,including the Basic Service Charge and Maximum Demand,shall apply to each delivery point independently. Metering-When the BWL elects to measure the service on the secondary side of the transformers,the metered kW and kWh quantities thus measured will be increased by 3%for billing purposes to adjust for transformer losses. Where the customer receives service through more than one meter installation,consumption as registered by the different meter installations will not be combined for billing purposes,but will be billed and computed separately except as provided for in Multiple Delivery Point Aggregation. Eaulpment Supplied by Customer-The customer shall be responsible for furnishing,installing and maintaining all necessary transforming,controlling and protective equipment required for service beyond the BWL primary-voltage delivery point. At the sole option of the BWL,a customer may lease such transformers or other equipment from the BWL under terms established by the BWL. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility hates PROPOSED MUNICIPAL WATER PUMPING ELECTRIC SERVICE RATE NO.7 Availability-This rate is available to any political subdivision or agency of the State of Michigan desiring service for potable water pumping and associated potable water production equipment when the entire electrical requirements are supplied at one point of delivery through one meter. This rate is not available for emergency,standby,or auxiliary service. Nature of Service-The service is alternating current,60 hertz,three phase. The secondary or primary voltage is determined by the BWL. Monthly Rate-Shall be computed in accordance with the following charges. 3/1/08 Basic Service Charge $11.18 Per customer per month Commodity Charge S.0627 Per kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Energy Cost Adiustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Meterine-Where the BWL elects to measure the service on the primary side of the transformers serving the customer,the metered kWh thus measured will be reduced 3%for billing purposes to adjust for transformer losses. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Aaolieition Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of-Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED LARGE CAPACITY ELECTRIC SERVICE RATE NO.8 Availability-This rate is available to any customer desiring primary voltage service when:(a)the electrical requirements are supplied at one or more points of delivery as provided below for Multiple Delivery Point Aggregation;(b)where the total On-Peak Billing Demand is 25,000 kW or more;and(c)the customer agrees to a service contract with the BWL for the customer's full electrical service requirements at the applicable delivery points for a period of not less than ten(10) years. This rate is not available for standby or emergency service. Nature of Service-The service is alternating current,60 hertz,three phase. The primary voltage is determined by the Board of Water and Light(B WL). -Monthly Rate-Shall be computed in accordance with the following charges: 3/1/08 Basic Service Charge $279.66 per delivery point per month Capacity Charge $8.95 per kW for all kW of On-Peak Billing Demand,plus $1.68 per kW for all kW of Maximum Demand Commodity Charge Summer Billing Months of June through October $0.0336 per kWh for all kWh during the On-Peak Period,plus $0.0291 per kWh for all kWh during the Off-Peak Period,plus Winter Billing Months of November through May $0.0322 per kWh for all kWh during the On-Peak Period,plus $0.0291 per kWh for all kWh during the Off-Peak Period Reactive Power Charge $0.0089 Per k varh in excess of 50%of total kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Enem Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Billine Demand On-Peak Billing Demand: The On-Peak Billing Demand shall be the total kW supplied to all applicable delivery points during the 15-minute period of maximum use during the On-Peak Period during the month. (See Multiple Delivery Point Aggregation.) Maximum Demand: The Maximum Demand for each delivery point shall be the kW supplied during the 15- minute period of maximum use during the month whether on-peal-or off-peak. Adopted:Proposed Efieciive:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED LARGE CAPACITY ELECTRIC SERVICE RATE NO.8 Schedule of on-peak and off-peak periods-The On-Peak Period shall be from 10:00 a.m.until 6:00 p.m.,Monday through Friday. All other hours shall comprise the Off-Peak Period. Multiple Delivery Point Aggregation-The 15-minute period demands of multiple delivery points of a customer shall be summed for determination of the total On-Peak Billing Demand under the following conditions: (a)the Maximum Demand determined at each delivery point must equal or exceed 1,000 kW;and(b)the total On-Peak Billing Demand shall not be less than 25,000 kW. Aggregation shall be applicable for determination of the On-Peak Billing Demand only. All other charges,including the Basic Service Charge and Maximum Demand,shall apply to each delivery point independently. Metering-When the BWL elects to measure the service on the secondary side of the transformers,the metered kW and kWh quantities thus measured will be increased by 3%for billing purposes to adjust for transformer losses. Where the customer receives service through more than one meter installation,consumption as registered by the different meter installations will not be combined for billing purposes,but will be billed and computed separately except as provided for Multiple Delivery Point Aggregation. Equipment Supplied by Customer-The customer shall be responsible for furnishing,installing and maintaining all necessary transforming,controlling and protective equipment required for service beyond the BWL primary-voltage delivery point. At the sole option of the BWL,a customer may lease such transformers or other equipment from the BWL under terms established by the BWL. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2009 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED OUTDOOR LIGHTING SERVICE RATE NO.9 Availability-This rate is available to any customer located within the Board of Water and Light(BWL)service area for dusk to dawn lighting of customer's premises. The BWL furnishes and maintains all lights. The installation will overhang private property from existing or new poles set at points accessible to BWL construction and maintenance equipment. This rate is not available for purposes of street,highway,or public thoroughfare lighting. Monthly Rate-Shall be computed in accordance with the following charges. Luminaires on Overhead Mast Arm on existing BWL poles High Pressure Sodium 3/1/08 100 W $10.11 250 W $17.06 400 W $18.23 Mercury Vaporl 175 W $10.60 400 W $18.23 Floodlighting Luminaires on Bracket Arm on existing BWL poles High Pressure Sodium 100 W $14.45 250 W $18.10 400 W $21.20 Metal Halide 400 W $26.34 1000 W $45.56 1500 W $63.24 In the event additional facilities or rearrangement of existing facilities is required,the BWL shall install,operate and maintain such facilities for the following monthly charges. Type of Facilities 3/3/08 3 5-foot wood poles including span of overhead $13.00 Per pole secondary extension 37-foot concrete pole including span of overhead $19.02 Per pole secondary extension Other facilities,band set poles,or rearrangement of existing facilities 1.67% of estimated cost Adopted:Proposed Effective:March 1,2008 Rates apply to existing luminaires only and are not open to new business. Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED OUTDOOR LIGHTING SERVICE RATE NO.9 Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Change-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill that.is not paid on or before the due date. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Service Contract-A written service agreement shall be entered into to take BWL service for a term of years determined as follows: (a) One year,if additional facilities are not required,or (b) Three years,if additional facilities are required (c) Five years,for metal halide lamps or if monthly charges calculated at 1.67%of estimated cost, (d) Ten years,if special contractual arrangements are made. In the event the customer discontinues service before the end of the agreement term,the established rate for the remaining portion of the agreement shall immediately become due and payable. The BWL will replace lamps or make repairs when practicable after the customer has reported that the installation requires servicing. Such replacements and repairs will be made during regular working hours. The BWL may refine or restrict the service provided in this rate to seasonal type customers and/or may require such customers to pay for the service annually in advance where the permanency of the customer is doubtful or has not been demonstrated by the customer. If relocation,including adjustment,of the outdoor protective light or relocation of other facilities used in connection with the light is desired by the customer during the term of the contract,the BWL will provide this service,if feasible,at the customer's expense. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED TRAFFIC LIGHT SERVICE RATE NO.11 Availability-This rate is available to any political subdivision or agency of the State of Michigan desiring unmetered secondary service for operating traffic lights installed on streets or highways for traffic control and guidance. Nature of Service-The service is alternating current,60 hertz,single phase, 120/240 nominal volts Monthly Rate-Shall be computed in accordance with the following charges. 3/1/08 Basic Service Charge $2.24 Per customer per month Commodity Charge $.0347 Per watt of active load per month The actual labor,material,miscellaneous and indirect charges experienced maintaining and relamping traffic signals during the preceding month. Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Determination of Active Load-The active load of flasher lamps or cyclically operated traffic control lamps shall be 50% of total wattage of all lamps used during one complete cycle of operation. The active load of continuous,non-intermittent steady burning lamps shall be 100%of the total wattage of all lamps used. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Rules and Regulxtions-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED SPACE CONDITIONING AND ELECTRIC WATER HEATING SERVICE . RATE NO.12 Availability-This rate is available to any customer desiring service for commercialfindustrial space conditioning and/or electric water heating furnished through a separate meter to which no other electrical device except electric space heating, electric air conditioning,humidity control equipment or electric water heating equipment may be connected. Electric space heating will be considered to include heating by light system provided the primary means of space heating at the time of maximum heating requirements will be furnished by the lighting system with the balance of the heating requirements furnished by supplementary electric heating equipment. This rate is not available to new applications for heat for light systems received after March 1, 1979. This rate is not applicable to the use of electricity for electric air conditioning unless the customer has permanently installed electric space heating equipment and uses it as the principal source of space heating,or to the use of electricity for occasional or seasonal substitute for another method of water heating. Nature of Service-The service is alternating current,60 hertz,single phase at Board of Water and Light(BWL)available secondary voltage. Three phase service will be furnished at BWL option. Monthly Rate-Shall be computed in accordance with the following charges. 311/08 Basic Service Charge $22.37 Commodity Charge Summer Billing Months of June through October $.0948 per kWh Winter Billing Months of November through May $.0589 per kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Energy Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bill shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED RESIDENTIAL ELECTRIC SERVICE, SENIOR CITIZEN RATE NO,21 Availability-This rate is available to any single family or multifamily dwelling of 4 units or less when the entire electric requirements are supplied at one point of delivery through the same meter. The customer must be 65 years of age and head of the household being served. Service to appurtenant buildings may be taken through the same meter. Service under this rate is not available to any single family or multifamily dwelling of 4 units or less unit when a portion of the residence or dwelling unit is used for commercial,industrial,or resale purposes unless the wiring is so arranged that service for residential and non-residential purposes are metered separately. Customers taking service under this rate shall provide evidence of age and contract with the Board of Water and Light (BWL)to remain on this rate for at least twelve(12)months. Nature of Service-The service is alternating current,60 hertz,single phase, 120/240 nominal volts. Monthly Rate-Shall be computed in accordance with the following charges. 311/08 Basic Service Charge $4.76 Commodity Charge $.0509 per kWh for the first 300 kWh $.0859 per kWh for the next 200 kWh $.1152 per kWh for all over 500 kWh Minimum Bill-The minimum bill is the basic service charge included in the monthly rate. Energy Cost Adjustment-This rate is subject to an Energy Cost Adjustment factor added to the above energy charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill that is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the BWL. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED STREET LIGHTING SERVICE BOARD OWNED SYSTEMS RATE NO.31 Availability-Available to any political subdivision or agency of the State of Michigan for street lighting service for any system consisting of one or more luminaires where the BWL has an existing distribution system with secondary voltage available. Luminaires may be installed with no limitations as to spacing between luminaires. Where an overhead line extension is required to serve one or more luminaires,the BWL will furnish 350 linear feet of line extension per luminaire served from such extension. A special agreement will be required if more than 350 linear feet of line extension per luminaire is required. Nature of Service-The BWL will furnish,install,own,operate,and maintain all equipment comprising the street lighting system,and supply the unmetered energy. The BWL reserves the right to furnish service from either a series or multiple system or both. Annual Rate-The annual rate per luminaire with fixture and setting,payable in twelve(12)monthly installments, shall be as follows; High Pressure Sodium Luminaire 3/1/08 70 W $76 100 W $86 150 W $100 250 W $122 400 W $155 1000 W $318 Mercury Vapor Luminaires 100 W $81 175 W $97 250 W $114 400 W $147 1000 W $278 Metal Halide Luminaire 175 W $170 250 W $194 400 W $196 1000 W $380 1500 W $583 Induction Luminaire 85 W $81 165 W $98 Adopted:Proposed Effective:March 1,2008 1 Rates apply to existing luminaires only and are not open to new business except where the BWL elects,at the customer's request,to install additional luminaires within an area already served by a mercury vapor lighting system. Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED STREET LIGHTING SERVICE BOARD OWNED SYSTEMS RATE NO.31 Annual Rate(continued) plus an additional annual charge,depending on type of installation,of: 3/1/08 Wood Pole—Overhead Service None Wood Pole—Underground Service $88 Concrete Pole—Overhead Service $139 Concrete Pole—Underground Service $139 Post Top $88 Historic—Single Top $288 Large Historic—Dual Top $842 Small Historic—Dual Top $598 Wall/Tunnel—8760 hours $122 Wall/Tunnel—4200 hours $74 Bollard $286 Customer Contribution-The annual rates are based on fixtures normally stocked by the BWL,and installed utilizing normal construction techniques. The BWL may,at its option,upon customer request install a street lighting system not covered by the rates below. The customer,after installation,will be required to make a one time contribution equal to the difference between the actual installed cost and the BWL estimated installed cost of a standard installation. The annual unit charge for each luminaire will then be as stated below. Unit Reolacement-The BWL may,at its option,upon customer request replace existing street light units. After installation,the customer shall make a one time contribution equal to the undepreciated value of the unit plus the cost of removal. Special Terms and Conditions-The BWL reserves the right to make special contractual arrangements as to termination charges,contributions in aid of construction,term or other special considerations when the customer requests service,equipment or facilities not normally provided under this rate. Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill that is not paid on or before the due date. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED STREET LIGHTING SERVICE CUSTOMER OWNED SYSTEMS RATE NO.32 Availability-Available to any political subdivision or agency of the State of Michigan for street lighting service for any system consisting of one or more luminaires where the BWL has an existing distribution system available. Nature of Service-The BWL will connect the customer's equipment to BWL lines,furnish the control equipment, supply the unmetered energy,control the burning hours of the lamps,provide normal replacement of luminaire refractors,control devices and lamps. The customer will furnish,install and own all equipment comprising the street lighting system,including,but not limited to the overhead wires or underground cables between luminaires and the supply circuits extending to the point of attachment with the BWL. All maintenance and replacement of the customer's equipment except normal lamp and glass replacement shall be paid by the customer. The BWL reserves the right to furnish service from either a series or multiple system or both. Annual Rate-The annual rate per luminaire,payable in twelve(12)monthly installments,shall be as follows: High Pressure Sodium Luminaire 3/1/08 70 W S40 100 W $50 150 W $63 250 W S85 400 W $120 1000 W $284 Mercury Vapor Luminaire' 175 W $59 250 W $77 400 W $109 1000 W $241 Incandescent Luminaire2 2500 L $80 4000 L $127 6000 L $154 Maintenance Charge-The actual labor,material,miscellaneous and indirect charges experienced maintaining street light units during the preceding month. Combined Rates-The annual rate for units consisting of more than one luminaire shall be the appropriate combination of individual unit charges above. Adopted:Proposed Effective:March 1,2008 Rates apply to existing luminaires only and are not open to new business except where the BWL elects,at the customer's request,to install additional luminaires within an area already served by a mercury vapor lighting system. 2 Rates apply to existing luminaires only and are not open to new business. Board of Water and Light,Lansing,Michigan—Electric Utility Rates PROPOSED STREET LIGHTING SERVICE CUSTOMER OWNED SYSTEMS RATE NO.32 Special Terms and Conditions-The BWL reserves the right to make special contractual arrangements as to termination charges,contributions in aid of construction,term or other special considerations when the customer requests service,equipment or facilities not normally provided under this rate. Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,fi=chise fees,or any other charges against the BWL property,or its operation,or the production and/or sale of electrical energy,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill that is not paid on or before the due date. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Electric Service incorporated herein by this reference. Adopted:Proposed Effective: March 1,2003 Attachment B Steam Rate Schedules Board or Water and Light,Lansing,Michigan—Steam Utility Rates PROPOSED GENERAL STEAM SERVICE RATE NO.I Availability-This rate is available to any customer receiving service from the Board of Water and Light(BWL)steam distribution system with a maximum gauge pressure of fifteen pounds per square inch(15 psi). Steam services at gauge pressures above 15 psi but not exceeding 100 psi,when available,may be supplied at the option of the BWL or upon request by the customer. Nature of Service-Saturated steam up to a maximum gauge pressure of 15 psi except as indicated above. Monthly Rate 3/1/OS Basic Service Charge $10.02 per customer per month Commodity Charge Billing Months of June through November $9.95 per 1000 lbs.for the first 200,000 lbs. $10.52 per 1000 lbs.for all 1000 lbs.over 200,000 lbs. Billing Months of December through May $10.09 per 1000 lbs for the first 200,000 lbs. $10.66 per 1000 lbs.for all 1000 lbs.over 200.000 lbs. Surcharge-A surcharge of ten(10)percent shall be added to the above rates for steam service supplied upon customer's request for service at gauge pressure above 15 psi but not exceeding 100 psi. Fuel Cost Adjustment-This rate is subject to a Fuel Cost Adjustment factor added to the above charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Amine Treatment Adjustment-The amine treatment adjustment allows for the monthly adjustment of rates to reflect the actual cost incurred due to amine feed. The factor shall be applied to each 1000 pounds(lbs)billed. The factor shall consist of 1.124 times the weighted average amine cost per 1000 lbs treated during the previous month. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL's property,or its operation,or the production and/or sale of steam,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-The Basic Service Charge included in the rate except that Special Minimum Charges shall be billed when the revenue received does not adequately compensate the BWL for the cost of furnishing service. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill which is not paid on or before the due date. Reconnect Charge-A reconnect charge shall be added to any account which discontinues and reconnects service at the same address within a twelve(12)month period. The reconnect charge is specified in the BWL Rules and Regulations for Steam Service. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Steam Service which are- incorporated herein by this reference. Effective:March 1,2008 Adopted:Proposed Board of Water and Light,Lansing,Michigan—Steam Utility Rates PROPOSED INDUSTRIAL STEAM SERVICE RATE NO.2 Availability:This rate is available to any customer engaged in mining or manufacturing and receiving steam at any BWL plant wall at a minimum gauge pressure of 250 psi. Service will be provided upon customer entering into a steam supply contract with the BWL. Terms and conditions of the contract may vary due to customer requirements and the impact on BWL facilities. Monthly Rate:_ 3/1/08 Demand Charge: $1.14 per pound per hour(lb/hr)for all lb/hrs of contract demand $1.00 per pound per hour(lb/hr)for all lb/1us exceeding contract demand Commodity Charge: $5.55 per thousand pounds(Mlb) Fuel Cost Adjustment-This rate is subject to a Fuel Cost Adjustment factor added to the above charges and calculated as defined on a separate rate schedule incorporated herein by this reference, Minimum Charge: Monthly Demand Charge above. Tax Adjustment: Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,or any other charges against the BWL's property.or its operation,or the production and/or sale of steam,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Billing Demand: The billing demand is the maximum demand(lb/hrs)supplied during the 15 minute period of maximum use during the month,but not less than the contract demand. Delayed Payment Charge:_ A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Rules and Regulations: Service under this rate is subject to the BWL Rules and Regulations for Steam Service which are incorporated herein by this reference. Effective:March 1,2008 Adopted:Proposed Board of Water and Light,Lansing,Michigan—Steam Utility Rates PROPOSED RESIDENTIAL STEAM SERVICE RATE NO.5 Availability-This rate is available to any single-family or multifamily dwelling of 4 units or less when the entire service requirements are supplied at one point of delivery through one meter. Service under this rate is not available to any single-family or multifamily dwelling unit of 4 units or less when a portion of the dwelling unit is used for commercial, industrial,or resale purposes unless the service is so arranged that residential and non- residential purposes are metered separately. Nature of Service-Saturated steam up to a maximum gauge pressure of 15 psi. Steam services at gauge pressures above 15 psi but not exceeding 100 psi,when available,may be supplied at the option of the BWL or upon request by the customer. Monthly Rate 3/1108 Basic Service Charge $7.42 per customer per month Commodity Charge Billing Months of June through November $7.37 per 1000 lbs.for the first 200,000 lbs. $7.79 per 1000 lbs,for all 1000 lbs,over 200,000 lbs. Billing Months of December through May $7.47 per 1000 lbs for the first 200,000 lbs. $7.90 per 1000 lbs.for all 1000 lbs.over 200.000 lbs. Surcharge-A surcharge of ten(10)percent shall be added to the above rates for steam service supplied upon customer's request for service at gauge pressure above 15 psi but not exceeding 100 psi. Fuel Cost Adiustment-This rate is subject to a Fuel Cost Adjustment factor added to the above charges and calculated as defined on a separate rate schedule incorporated herein by this reference. Amine Treatment Adiustment-The amine treatment adjustment allows for the monthly adjustment of rates to reflect the actual cost incurred due to amine feed. The factor shall be applied to each 1000 pounds(lbs)billed. The factor shall consist of 1,124 times the weighted average amine cost per 1000 lbs treated during the previous month. Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the BWL's property,or its operation,or the production and/or sale of steam,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-The Basic Service Charge included in the rate except that Special Minimum Charges shall be billed when the revenue received does not adequately compensate the BWL for the cost of furnishing service. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges, shall be added to any bill which is not paid on or before the due date. Reconnect Charge-A reconnect charge shall be added to any account which discontinues and reconnects service at the same address within a twelve(12)month period. The reconnect charge is specified in the BWL Rules and Regulations for Steam Service. Rules and Regulations-Service under this rate is subject to the BWL Rules and Regulations for Steam Service which are incorporated herein by this reference. Adopted:Proposed Effective:March 1,2000 Attachment C Water Rate Schedules Board of Water&Light,Lansing,Michigan—Water Utility Rates PROPOSED RESIDENTIAL WATER SERVICE RATE NO.1 Availability-This rate is available to any single-family residence or multifamily dwelling of 4 units or less served by one meter. Monthly Rate-Shall be computed in accordance with the following charges. Basis Service Charge:per customer per month or part thereof: Meter 3/1/08 518" $7.52 3/4"* $10.53 1" $19.57 1'/,"or 1'/z" $43.65 2" $76.75 Commodity Charge:per ccf of water used per month; $1.80 *The BWL standard residential installation is a 1"service line with a'/4"meter. The BWL reserves the right,in its sole judgment,to install 5/8"meters on any new service installation when circumstances warrant. Power and Chemical Cost Adjustment-The power and chemical cost adjustment shall consist of an increase or decrease of 0.10 per ccf billed for each 0.10 increase or decrease in the average cost of power and chemicals required to deliver treated water to the customer's meter above or below 17.50 per ccf. The cost per ccf for the billing period shall consist of the weighted average cost of chemicals,electricity,steam and oil used in pumping and treatment facilities during the one month period preceding the month billed by two months. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of water,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-The minimum charge shall be the above Basic Service Charge applied for 30 days. Delayed Payment Charge-A delayed payment cbarge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the fast regular bill for all customers turning on service at a service location irrespective of prior service with the Board. Rules and Regulations-Service under this rate is subject to the Board of Water and Light Rules and Regulations for Water Service which are incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water&Light,Lansing,Michigan—Water Utility Rates PROPOSED GENERAL WATER SERVICE RATE NO.2 Availability-This rate is available to any customer served on the BWL's water system. Service under this rate is not available for resale. Monthly Rate-Shall be computed in accordance with the following charges. Basic Service Charge:per customer per month or part thereof; Meter 3/1/08 5/8" $7.52 3/4" * $10.53 1" $19.57 or P/P $43.65 2" $76.75 3" $173.06 4" $308.50 6" $693.70 8" $1,232.50 10" $1,926.26 Commodity Charge:per ccf of water used per month; $1.80 The BWL standard residential installation is a 1"service line with a 3/s"meter. The BWL reserves the right, in its sole judgment,to install 5/8"meters on any new service installation when circumstances warrant. Power and Chemical Cost Adiustment-The power and chemical cost adjustment shall consist of an increase or decrease of 0.10 per ccf billed for each 0.10 increase or decrease in the average cost of power and chemicals required to deliver treated water to the customer's meter above or below 17.50 per ccf. The cost per ccf for the billing period shall consist of the weighted average cost of chemicals,electricity,steam and oil used in pumping and treatment facilities during the one month period preceding the month billed by two months. Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of water,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charee-The minimum charge shall be the above Basic Service Charge applied for 30 days. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a servicc location irrespective of prior service with the Board. Rules and Re2ulatioos-Service under this rate is subject to the Board of Water and Light Rules and Regulations for Water Service which are incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water&Light,Lansing,Michigan—Water Utility Rates PROPOSED FIRE SERVICE RATE NO.4 Fire Service - A fire service line will be installed to a fire hydrant(s)or a customer's detector check valve in accordance with the schedule of charges for water system connection fees(Rate 3)and the current water service installation charges set forth in the Rules and Regulations for Water Service. The location of the detector check valve shall be determined by the Water Distribution Engineering Department. Fire service lines shall be used for fire protection purposes only. No additional charges will be made for water used for testing and fire purposes. The customer shall maintain the detector check valve and fire protection system connected thereto in good condition in compliance with Section 34-9,Repair and Protection of Equipment,of the Code of the City of Lansing,Michigan. Monthly Fire Service Charge-Water supply and maintenance of a fire service line to a detector check valve shall be provided in accordance with the following schedule of charges: Service Size 311108 4"or smaller $55 6" $122 g" $216 10"or larger $337 Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of water,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-Billings subject to this rate are not subject to a minimum charge. Delaved Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Rules and Regulations-Service under this rate is subject to the Board of Water and Light Rules and Regulations for Water Service which are incorporated herein by this reference. Adopted:Proposed Effective: March 1,2009 Board of Water&Light,Lansing,Michigan—Water Utility Rates PROPOSED LAWN SPRINKLING WATER SERVICE RATE NO,5 Availability-This rate is available to any customer served on the BWL's water system where the meter or service is installed solely for lawn sprinkling. Municipalities having jurisdiction over sewer system rates may designate other uses of water which are subject to this rate. Monthly Rate-Shall be computed in accordance with the following charges. Basic Service Charge: Billings subject to this rate are not subject to a Basic Service Charge. Commodity Charge:per ccf of water used per month 3!1/08 all ccf $1.80 Power and Chemical Cost Adjustment-The power and chemical cost adjustment shall consist of an increase or decrease of o.l¢per ccf billed for each 0.10 increase or decrease in the average cost of power and chemicals required to deliver treated water to the customer's meter above or below 17.50 per ccf. The cost per ccf for the billing period shall consist of the weighted average cost of chemicals,electricity,steam and oil used in pumping and treatment facilities during the one month period preceding the month billed by two months. Tax Adjustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees, franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of water,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-Billings subj ect to this rate are not subject to a minimum charge. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Application Charge-A$7.00 charge shall be added to the first regular bill for all customers turning on service at a service location irrespective of prior service with the Board. Mules and Regulations-Service under this rate is subject to the Board of Water and Light Rules and Regulations for Water Service which are incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008 Board of Water&Fight,Lansing,]Michigan—Water Utility Rates PROPOSED FIRE HYDRANT CHARGES RATE NO.6 Annual Fire Hydrant Charge- Water Supply and maintenance of a fire service line to a public or private fire hydrant shall be provided in accordance with the following annual schedule of charges: 3/1108 All Hydrants S357 Tax Adiustment-Bills shall be increased within the limits of any governmental authority or political subdivision which levies taxes,license fees,franchise fees,or any other charges against the Board's property,or its operation,or the production and/or sale of water,to offset any such cost and thereby prevent other customers from being compelled to share such local increases. Minimum Charge-Billings subject to this rate are not subject to a minimum charge. Delayed Payment Charge-A delayed payment charge of 5%of the unpaid balance,excluding delayed payment charges,shall be added to any bill which is not paid on or before the due date. Rules and Regulations-Service under this rate is subject to the Board of Water and Light Rules and Regulations for Water Service which are incorporated herein by this reference. Adopted:Proposed Effective:March 1,2008