Reports

 Financial Reports

Budgets

 
Energy Efficiency Budgets are approved by the Massachusetts Department of Public Utilities as part of the Compact’s approved Three-year Energy Efficiency Plan and run on a calendar year. The Compact’s current Plan covers 2013-15 (D.P.U. 12-107).

The budgets identify expenditures needed to achieve energy efficiency goals for residential, low-income, commercial and industrial customers on Cape Cod and Martha’s Vineyard. For each program, the budget includes costs for program planning and administration; marketing and advertising; participant incentives; sales, technical assistance and training, evaluation and market research.

 

The Operating Fund Budgets show the primary categories of expenses for each fiscal year. Each Operating Fund Budget is reviewed and approved by the Cape Light Compact Governing Board and monitored by the Compact Administrator, Treasurer and Governing Board through periodic reports. Funding is through a surcharge on the supplier portion of the Compact’s competitive electric supplier page.

FY16-Operating-Fund-budget-web

 

Financial Documents

Cape Light Compact Chart of Accounts

Cape Light Compact’s Operating Fund is on a fiscal year calendar, and the Energy Efficiency Fund operates on a regular calendar year.

Listed below are the revenues and expenditures for Cape Light Compact Fiscal Year Funds, since inception.

*Please note that these cash basis reports are converted to the accrual basis of accounting for the audited Financial Statements of Cape Light Compact and Barnstable County. The cash basis of accounting accounts for revenues when the money is received and for expenses when the money is disbursed. The accrual basis of accounting accounts for revenue when earned and expenses for goods and services when incurred.*

“Trade secrets, confidential, competitively sensitive and other proprietary information has been redacted pursuant to G. L. c. 4, § 7 (26)(s).”

FY2015 Cape Light Compact Fund – (1/1/15-6/30/15)

  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2015 Cape Light Compact Fund – (7/1/14-12/31/14)

  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2014 Cape Light Compact Fund

  • 2006 – Solarize Our Schools Grant
  • 2162 – Energy Efficiency Conservation Block Grant
  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2013 Cape Light Compact Fund (updated 6/24/14)

  • 0001 – General Fund
  • 2006 – Solarize Our Schools Grant
  • 2161 – Renewable Energy Grant
  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2012 Cape Light Compact Fund

  • 0001 – General Fund
  • 2161 – Renewable Energy Grant
  • 2162 – Energy Efficiency Conservation Block Grant
  • 8046 – Power Supply Reserve Fund
  • 8073 – RPS RECs Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2011 Cape Light Compact Fund (updated 9/11/14)

  • 0001 – General Fund
  • 2006 – Solarize Our Schools Grant
  • 2080 – Green Affordable Homes Grant
  • 2161 – Renewable Energy Grant
  • 2162 – Energy Efficiency Conservation Block Grant
  • 2163 – Energy Efficiency Appliance Rebate Grant
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 8073 – RPS RECs Fund
  • 8074 – CLC Operating Fund
  • 8075 – CLC Green Fund

FY2010 Cape Light Compact Fund

  • 0001 – General Fund
  • 2006 – Solarize Our Schools Grant
  • 2080 – Green Affordable Homes Grant
  • 2161 – Renewable Energy Grant
  • 2163 – Energy Efficiency Appliance Rebate Grant
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 8073 – RPS RECs Fund
  • 8075 – CLC Green Fund
  • 8076 – Forward Capacity Market Fund

FY2009 Cape Light Compact Fund (updated 6/18/14)

  • 0001 – General Fund
  • 2006 – Solarize Our Schools Grant
  • 2080 – Green Affordable Homes Grant
  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 8073 – RPS RECs Fund
  • 8075 – CLC Green Fund
  • 8076 – Forward Capacity Market Fund

FY2008 Cape Light Compact Fund (updated 6/18/14)

  • 0001 – General Fund
  • 2080 – Green Affordable Homes Grant
  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 8073 – RPS RECs Fund
  • 8075 – CLC Green Fund
  • 8076 – Forward Capacity Market Fund

FY2007 Cape Light Compact Fund (updated 6/18/14)

  • 0001 – General Fund
  • 2006 – Solarize Our Schools Grant
  • 2080 – Green Affordable Homes Grant
  • 8038 – Energy Efficiency Reserve Fund
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 8073 – RPS RECs Fund
  • 8075 – CLC Green Fund
  • 8076 – Forward Capacity Market Fund

FY2006 Cape Light Compact Fund – 1/1/06-6/30/06 (updated 6/18/14)

  • 0001 – General Fund
  • 8046 – Power Supply Reserve Fund
  • 8047 – Power Supply Fund
  • 2006 – Solarize Our Schools

FY2006 Cape Light Compact Fund – 7/1/05-12/31/05 (updated 6/18/14)

  • 010 – General Fund
  • 513 – Energy Reserve Fund
  • 515 – Power Supply Fund

FY2005 Cape Light Compact Fund

  • 010 – General Fund
  • 513 – Energy Reserve Fund
  • 515 – Power Supply Fund

FY2004 Cape Light Compact Fund

  • 010 – General Fund
  • 513 – Energy Reserve Fund
  • 515 – Power Supply Fund

FY2003 Cape Light Compact Fund

  • 010 – General Fund
  • 513 – Energy Reserve Fund

FY2002 Cape Light Compact Fund

  • 010 – General Fund

FY2001 Cape Light Compact Fund

  • 010 – General Fund

FY2000 Cape Light Compact Fund

  • 010 – General Fund

FY1999 Cape Light Compact Fund

  • 010 – General Fund

FY1998 Cape Light Compact Fund

  • 010 – General Fund

Calendar Year Energy Efficiency Financials Below are the financials documents for the Energy Efficiency Program listed by calendar year, since inception.

*Please note that these cash basis reports are converted to the accrual basis of accounting for the audited Financial Statements of Cape Light Compact and Barnstable County. The cash basis of accounting accounts for revenues when the money is received and for expenses when the money is disbursed. The accrual basis of accounting accounts for revenue when earned and expenses for goods and services when incurred.*

“Trade secrets, confidential, competitively sensitive and other proprietary information has been redacted pursuant to G. L. c. 4, § 7 (26)(s).”

CY2015 EE Fund – January-June

CY2014 EE Fund – July-December

CY2014 EE Fund – January-June

CY2013 EE Fund

CY2012 EE Fund

CY2011 EE Fund

CY2010 EE Fund

CY2009 EE Fund

CY2008 EE Fund

CY2007 EE Fund

CY2006 EE Fund

CY2005 EE Fund

CY2004 EE Fund

CY2003 EE Fund

CY2002 EE Fund

CY2001 EE Fund

Independently Audited Financial Statements

The operations of the Cape Light Compact are accounted for in the County of Barnstable’s financial records and, since the inception of the Compact, have been audited annually, as an agency fund, as part of the audit of the County of Barnstable’s financial statements. The annual audits are public documents.

In addition, the Cape Light Compact has initiated in dependent financial audits from 2009 to present. The results of these audits are provided below.

Other Reports Containing Financial Information

Financial information also is contained in the following reports found on this website:

  • Annual Report on Energy Efficiency Activities– Every year Cape Light Compact files an Annual Report for Energy Efficiency activities with the MA Department of Public Utilities and MA Department of Energy Resources. You can access these reports under Other Reports and Documents found on this page.
  • Monthly Energy Efficiency Reports – Every month a report on energy efficiency activities is sent to each respective town. These reports detail electric savings, expenditures and budget. You can access these reports under Other Reports and Documents found on this page.
  • Meeting Minutes – Operating Fund Budgets (including supplemental budgets) are approved by the Cape Light Compact Governing Board and can be found in the minutes.
  • Assembly of Delegates Inquiry – Documents relating to the Assembly of Delegates Special Committee on Inquiry into Cape Light Compact and Cape & Vineyard Electric Cooperative can be found on this page. 

Other Reports & Documents

Aggregation Plan

The Aggregation Plan is a document required by state law that describes a dozen key items such as structure of the program, purposes, funding, etc. Massachusetts Department of Public Utilities (DPU) approval of an Aggregation Plan is required for start up of a municipal aggregation program for electric customers. The Compact’s original Aggregation Plan was approved by the DPU in August 2000 following a process of planning with the state Division of Energy Resources and the DPU, and local public hearings. The Aggregation Plan was previously viewed as a formation period document, however, the DPU has utilized the Compact’s Aggregation Plan as a model for other municipalities seeking to form their own aggregation and suggested the Compact consider updating the document in 2013.

Links:

 

Annual Reports on Energy Efficiency Activities

The Annual Report on Energy Efficiency Activities is a calendar year report submitted to the Massachusetts Department of Energy Resources and Department of Public Utilities for review. It contains a summary of program achievements and breakout data for each individual energy efficiency program including cost-benefit analysis.

Select the year below to view the Annual Energy Efficiency Report. Highlights of annual energy efficiency activities are provided for reports filed from 2010 to present.

To view the report:

Highlights:

  • Total lifetime economic benefits realized by residential, commercial and industrial customers due to energy efficiency measures: $139,045,935
  • Total cost paid by Cape Light Compact for energy efficiency measures: $36,757,137
  • Lifetime kWh savings from energy efficiency measures: 494,299,000

To view the report:

Highlights:

  • Total lifetime economic benefits realized by residential, commercial and industrial customers due to energy efficiency measures: $107,277,829
  • Total cost paid by Cape Light Compact for energy efficiency measures: $25,638,933
  • Lifetime kWh savings from energy efficiency measures: 293,281,000

To view the report:

Highlights:

  • Total lifetime economic benefit realized by residential, commercial and industrial customers due to energy efficiency measures: $95,870,451
  • Total cost paid by Cape Light Compact for energy efficiency measures: $25,857,219
  • Lifetime kWh savings from energy efficiency measures: 297,160,000

To view the report:

Highlights:

  • Total lifetime economic benefit realized by residential, commercial and industrial customers due to energy efficiency measures: $69,262,085
  • Total cost paid by Cape Light Compact for energy efficiency measures: $16,908,160
  • Lifetime kWh savings from energy efficiency measures: 262,352,000

To view the report:

Highlights:

  • Total lifetime economic benefit realized by residential, commercial and industrial customers due to energy efficiency measures: $38,156,209
  • Total cost paid by Cape Light Compact for energy efficiency measures: $13,531,218
  • Lifetime kWh savings from energy efficiency measures: 165,946,000

 

Annual Report to Communities

The Annual Report to Communities provides an overview of the Cape Light Compact’s operations along with specific facts about events and programs during the year, including key financials.

2013 Annual Report to Communities

Monthly Reports to Towns on Energy Efficiency Activities

Every month a report is sent to each member town detailing energy efficiency activities in that town. The report shows activity in each energy efficiency program and corresponding budget, expenditure and savings figures.

Three Year Energy Efficiency Plan

The Three-Year Energy Efficiency Plan is a comprehensive statewide document compiled by the Massachusetts gas and electric energy efficiency program administrators (“PA”), working in cooperation with the state Attorney General, the Department of Energy Resources, and consumer stakeholders  The Cape Light Compact is the PA for the electric program for the 21 Cape Cod and Martha’s Vineyard towns. The three year plan contains goals and budgets for statewide efforts, as well as individual goals and budgets for each PA. The three year plan is reviewed and approved by the Massachusetts Department of Public Utilities.

Other Reports

 

 

 

 

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