Letter: In Support Of Philip Pacino For RMLD Board

Reading MA

28 March, 2022

9:13 AM

Description

READING, MA — The following letter was submitted by RMLD commissioner John Stempeck. I have worked with Mr. Pacino for over 9 years on the Reading Municipal Light Board. As thelongest serving Commissioner, he has brought a unique, historical perspective to our workwhich has been invaluable to the Board's decision-making. He has remained consistent throughprevious General Managers and numerous other Commissioners during this time. Mr. Pacino has always focused on how to make the RMLD better serve you, its customers. Thismeans continuing to provide low cost, highly reliable electrical power to our four towns. Mr.Pacino was a key architect of this four-town agreement many years ago, and it has remainedintact due to his talent for encouraging compromise that benefits everyone. A key asset Mr. Pacino brings to the table is his professional experience as a working, currentCPA running his own company, which makes him uniquely qualified to Chair the RMLD AuditCommittee. The RMLD is a complex entity, with revenues of close to $100 million per year andan intricate revenue structure shared by all four towns. The oversight of RMLD's revenues,expenses, and major funds addressing depreciation, construction, and pensions/retirementrequires Mr. Pacino's level of sophistication. As a fellow Commissioner who has worked with Mr. Pacino's for many years, I highlyrecommend that you re-elect him to the RMLD Board. Thank you. John Stempeck65 Avalon RoadReading, MA 01867