Peabody Municipal Light Plant (PMLP)

The Commission discussed several operational and financial items, including the introduction of new employees and an update on the deposit refund process. The 2026 budget was amended and approved, and the appointment of an alternative voting representative for the Massachusetts Municipal Utility Self-Insurance Trust was confirmed. The Commission received an update on the organizational review being conducted by BDO USA and passed a motion to implement a hiring freeze until the review is complete. Additionally, a motion was passed to hire a law firm specializing in utility law to review the contractual agreement with MMWEC. Performance updates on generation assets were provided, and a Commissioner reported on a legislative rally attended in Washington D.C.

This document outlines PMLP's commitment to environmental sustainability and its strategic path to achieving 100% net-zero carbon emissions by 2050. The plan emphasizes balancing environmental goals with providing safe, reliable, and affordable electricity to customers. Key strategic areas include diversifying the power supply with carbon-free sources and adhering to a detailed decarbonization timeline, which includes interim net-zero requirements for 2030 and 2040, while maintaining high-quality service and low rates.