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The Municipal Light Board unanimously approved $261,855 in write-offs for past-due balances deemed no longer realistically collectible. The Board also unanimously approved an appointment policy and formed a subcommittee to interview candidates for an open board seat.
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The approved write-offs reduce the utility’s unpaid account balances and affect net income, but the Board determined the debts were unlikely to be recovered. The Board discussed reviewing the utility’s quarterly $250,000 voluntary contribution to the Town before future payments to confirm that sufficient surplus is available. Substation 453 construction and equipment work continued while maintaining service reliability.
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