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Report of the Cape Light Compact To the Honorable Board of Selectmen and Citizens of the Town of Mashpee Town of Mashpee Activities The Cape Light Compact was formed in 1997 following two years of study and votes of town boards of selectmen and town council. It is organized through a formal intergovernmental agreement signed by all 21 member towns and Barnstable and Dukes counties. The purpose of the Cape Light Compact is to advance the interests of consumers in a competitive electric supply market, including the promotion of energy efficiency. Each participating municipality has a representative on the Compact Governing Board, which sets policy and works with staff, technical and legal support to advance the Cape Light Compact programs. I POWER SUPPLY In 2009, the Cape Light Compact (Compact) provided energy to residents and businesses in accordance with a competitive electricity supply contract negotiated by the Compact with ConEdison Solutions. Oil and natural gas prices were extremely volatile in 2008 with oil hitting its peak in July and then falling precipitously. Prices for 2009 were largely locked-in, in late 2008 when energy markets had decreased significantly from their peaks in July of 2008. Natural gas, electricity, and other energy prices continued to trend down in 2009. While the Compact's prices in 2009 did not reflect this (due to locking in prices at the end of 2008), 2010 prices will reflect this decrease. The Compact is actively pursuing strategies to stabilize prices at these attractive 2010 levels. As of December 2009, the Compact had 7,532 electric accounts in the Town of Mashpee on its energy supply. ENERGYEFFICIENCY From January to October 2009, rebates and other efficiency incentive programs provided to the town of Mashpee by the Compact totaled approximately $154,700ought savings to 496 participants of$112,896 or about 564,479 kilowatt-hours of energy saved for 2009. Funding for the energy efficiency programs' (i.e. energy audits for homes and businesses, rebates on the purchase of energy efficient appliances and energy education in our schools) comes from a monthly customer "energy conservation" charge ($0.0025 cents multiplied by the number of kilowatt hours used during the month) that appears on each customer's electric bill. Other Cape Light Compact Efforts Include: • The Cape Light Compact continues to bring energy education to the Town of Mashpee through teacher workshops, conferences and the NEED Project curriculum materials. • The PV system at the Mashpee High School as part of the "Solarize Our Schools" program has generated over 8,075 kWh of electricity and avoided over 13,937 lbs of CO2 since its installation in December, 2006. • 22 Low-Income homes retrofitted for a reduction in energy usage and increased comfort. • 1 ENERGY STAR® qualified new home 108