Page 102 - Town of Bedford FY 2018-2019 Budget.pdf

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ELECTRIC FUND

MISSION

It is the mission of the Electric Department to supply and distribute the electric services as required by
its customers at the lowest possible rates consistent with responsible operations, financial integrity, a
commitment to reliability, and contributing to the economic and environmental quality of the
community.

DESCRIPTION

The Town of Bedford Electric Department was established in 1899 to provide electric service to the
residents, businesses and industries of the Town of Bedford and part of Bedford County. More than 100
years later, the department is still working to provide the same high quality service to the area. At the
present time, Bedford serves approximately 6,000 residential and 900 commercial/industrial customers
with 700 miles of distribution and transmission lines in the Town of Bedford and Bedford County.

GOALS, OBJECTIVES, & MEASURES

Goal Exceed customer’s expectations in producing and delivering environmentally responsible,
safe, low-cost and reliable power.
Objective Create a service delivery model focused on high quality customer care.
Measure: Total number of residential and commercial accounts.
FY 2017 FY 2018 FY 2019 (Goal)
6,623 6,655 6,687

Objective Strengthen distribution and generation assets to increase reliability and
efficiency.
Measure: Total number of miles of distribution and transmission lines.
FY 2017 FY 2018 FY 2019 (Goal)
Distribution 353 353 353
Transmission 29 29 29
Objective Budget and manage risk to maintain stable rates while continuing a
commitment to renewable energy.
Measure: Average percent of renewable energy versus energy sold.
FY 2017 FY 2018 FY 2019 (Goal)
New Measure 14.0% 20.0%
Objective Control or reduce power costs by dynamically managing supply portfolio.

Measure: Maximize portfolio by increasing sales on the open market by
10% per fiscal year.
FY 2017 FY 2018 FY 2019 (Goal)
$1,257,359 $1,425,318 $1,567,850

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