Reading Municipal Light Department

Reading Municipal Light Department (RMLD) is a prominent municipal electric utility that has been providing safe, reliable, and affordable electricity to Reading, North Reading, Wilmington, and Lynnfield Center since its establishment in 1894. With over 29,000 meter connections, RMLD serves more than 70,000 residents and holds the distinction of being the largest of the 41 municipal light departments in Massachusetts in terms of electricity load. As a not-for-profit entity, RMLD is locally owned and controlled, governed by a 5-member Board of Commissioners elected by Reading voters. It is noteworthy that RMLD received a significant $1.00M grant investment in December 2017 from the Massachusetts Clean Energy Center. This investment reflects the recognition of RMLD's essential role in the energy and government sectors. The support from the Massachusetts Clean Energy Center not only signifies confidence in RMLD's mission but also underlines the growing significance of clean energy initiatives. The organization's offerings are not limited to its core services; a professional staff with a broad scope of utility experience manages RMLD’s daily operations. Moreover, a Citizens' Advisory Board, appointed by the communities served, actively contributes to the decision-making process and makes recommendations to the Board of Commissioners. RMLD has demonstrated an up-to-date understanding of the evolving energy market, positioning itself as an adaptable and forward-thinking player in the industry. With a strong foundation dating back to 1894 and ongoing support from reputable investors, RMLD stands as a key player in the energy and government sectors, driven by a commitment to serving its communities and staying abreast of industry advancements. For investors seeking opportunities in the energy and government sectors, RMLD presents a compelling prospect with its established presence, community-focused approach, and strategic positioning within the evolving energy landscape.