Letter: In Support Of Philip Pacino For RMLD Board

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 the
longest serving Commissioner, he has brought a unique, historical perspective to our work
which has been invaluable to the Board’s decision-making. He has remained consistent through
previous 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. This
means 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 remained
intact 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, current
CPA running his own company, which makes him uniquely qualified to Chair the RMLD Audit
Committee. The RMLD is a complex entity, with revenues of close to $100 million per year and
an intricate revenue structure shared by all four towns. The oversight of RMLD’s revenues,
expenses, and major funds addressing depreciation, construction, and pensions/retirement
requires Mr. Pacino’s level of sophistication.

As a fellow Commissioner who has worked with Mr. Pacino’s for many years, I highly
recommend that you re-elect him to the RMLD Board. Thank you.

John Stempeck
65 Avalon Road
Reading, MA 01867