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4 <br /> Board of Selectmen <br /> Minutes <br /> March 27, 2000 <br /> APPOINTMENTS AND HEARINGS: <br /> Cape Light Compact: <br /> Charlotte Streile, Selectman of the Town of Yarmouth and <br /> Maggie Downey, Assistant County Administrator were present <br /> to discuss the benefits of the Cape Light Compact with members <br /> of the Board and interested public. <br /> The Electric Supply Agreement presented to the Selectmen is a <br /> four-year contractual agreement. Upon expiration, an extension may be <br /> negotiated or the Town would have the option to develop another request <br /> for proposal. <br /> In addition to direct financial savings,the Town will have opportunities <br /> for green power, pilot programs and long term leverage in market and <br /> industry advancement. <br /> The agreement is an option for all consumers at prices below <br /> Commonwealth Electric's standard offer price. The benefit of <br /> customer aggregation will provide choice for individual consumers. <br /> It was noted that customer participation is voluntary. The residential <br /> start of service is expected to begin in September of 2000. <br /> Motion made by Selectman Cahalane to authorize the Chairman <br /> of the Board of Selectmen to execute the Electric Supply Agreement <br /> with Select Energy and the Cape Light Compact in substantially <br /> the form contained in the draft dated March 9, 2000 on behalf of the <br /> Town of Mashpee and to approve minor, non-substantive changes to <br /> such agreement, provided, however,that such execution shall not take <br /> place until after approval of such Electric Supply Agreement by the <br /> Massachusetts Department of Telecommunications and Energy. <br /> Motion seconded by Selectman Leveille. <br /> VOTE: Unanimous. 5-0. <br />