Conservation and smart load management are, indeed, very important elements of the business startegy for Belmont Light. As Chair of the Municipal Light Advisory Board, it is important to point out that outr Board is pushing for more and better load management and conservation. We fully intend to be more aggressive on thaty front as time goes on. Conservation alone, however, will not resolve our capacity problems. Our interconnection with N-Star, on which we are 100% dependendt for electricity supply is less than our peak demand, a situation whichj is simply not sustainable for reliable electric service. The growth in actual and anticipated demand for electricity in Belmont has been driven largely by 3 factors, new home electronics, increased use of air conditioning, and new development, particularly at McLean’s. Moreover, the spike in demand is occurring at times where some tarditional means of conservation, suchj a efficient lighting, will do little to alleviate the demansd on the system. By law in Massachusetts, the Light Department is requitred to plan to meet the peak demand, so systematic involuntary curtailment of supply is both leaglly problematic, and almost certain to make customers highly dissatisfied. Thus, whikle, we do need to improve our demand side effciency programs, send better price signals to our customers in terms of providing incentives to be more efficient in their use of electricity, doing all of those things will not, in and of themselves, rersolve the tranmisssion capacity problems we ahve in Belmont. It is fo that reason that the Light Department needs to pursue conservations verty seruiously, but cannot rely on them exclusively to meeet the demand of our communityfor energy.