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  2. Finance Committee - Minutes - 8/3/2022 - P11

Finance Committee - Minutes - 8/3/2022 - P11

By dnadmin on Sun, 11/06/2022 - 21:46
Document Date
Wed, 08/03/2022 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 08/03/2022 - 00:00
Page Number
11
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__080320…

Finance Committee — 08/03/2022 Page 11

PUBLIC GOMMENT - None

REMARKS BY THE ALDERMEN

Alderman Moran

Thank you Mr. Mayor. | would just like to acknowledge that right before this meeting | got to be on Changing the Stigma
on Nashua Public Television, which is with the guys over at WSMN are changing up the way we do public television in the
city and it was great. It was an experience. We talked about — | didn’t go on really as an Alderman. | went on as a health
professional and talked about what’s happening in the city, what’s happening in the State, and it’s hosted by James Klein
who he and | worked together at the mobile crisis and he’s also pursuing a Master’s Degree in social work. Something
that | already have and he’s just a great asset to the community. He already had a show on the radio station. He’s a
former Marine — a combat Marine. He also was in President Clinton’s guard down at Camp David. So he knows PTSD
from his work experience. We got to talk about that.

George Russell assures me that our entire segment will be on Monday at 10 a.m. and he said | could announce that here
tonight. He assured me that it would be on local access on Monday at 10.

Mayor Donchess

Sounds good.

Alderman Thibeault

Thank you Mr. Mayor. | just wanted to announce something that some people know and some people might not know.
It’s something I’ve talked to my constituents about. Even though | can’t hit all 10,000 of them, | don’t have all their e-
mails. One of the things that’s happening a lot of you guys know, August 1* the rates for electricity from Eversource are
going from 12 cents a kilowatt hour to 22 cents a kilowatt hour. That is a huge increase. Its 112% | believe if | got that
right. One thing people can do other than not use your air conditioners or your pools even though it’s going to be 100
degrees tomorrow is you can change you supplier. A lot of suppliers right now are cheaper than the Eversource rate.
You still have to get your — everything comes through Eversource still but you can change suppliers.

A couple things you should know is that some of these — like Direct Energy is one for example. They sometimes have
contracts that you have to sign or you have to fill out for three years, two years, and some have cancellation fees. So say
Eversource’s rate goes down, you wouldn’t be able to break that without cancellation fee. Well some of them now don't
have them. To tell your constituents to try to look in shopping as a supplier, you can look for ones that don’t have
cancellation fees or maybe ones that don’t have contracts, unless it’s got a really good rate. I’m seeing a lot out there of
15 cents, 16 cents. It’s still cheaper and once we get through this 100 degree day, it can go down.

Eversource is no making profit off these changes. It’s a pass through just like a lot of the utilities and different types of
things like gas. It’s due to the supply and demand and the global supply of natural gas. That’s causing a lot of problems.
The next rate change will be in January. So it could go down. | personally think it’s not going to go down to 12 cents.
That’s why I’m saying if you’re shopping, try to get a contract you can break because it may go down in January. Then
you can go back to Eversource. Eversource is saying this as well. This is not something I’m speaking out of turn on. |
work for Eversource. That’s just a—| put that out there. We’re telling our customers to shop. Thank you.

Alderman Klee

Thank you Mr. Mayor. Thank you Alderman for bringing that point up. | appreciate you sharing it specifically that it’s not
Eversource making a profit on it. We have Ms. Doria Brown who has been working with the group — if | have it correct Mr.
Mayor — it’s like a community co-op energy. | Know that they’re working on it. It hasn’t quite come to fruition but I’ve
asked Ms. Brown to speak to my Ward in September. Once that’s all settled, would it be possible to speak to the Board of
Aldermen and explain all of that.

Mayor Donchess

Oh, yes. They’re still...
Alderman Klee

They’re still working all their kinks out, | Know. They’re hoping that in another month or two. Because we’re going through

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Finance Committee - Minutes - 8/3/2022 - P11

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