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______________________________________________________________________________ <br /> <br />Page 1 of 1 <br /> <br /> <br /> UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Melissa Karpinski – Finance Manager <br />MEETING DATE: <br />November 12, 2025 <br />AGENDA ITEM NUMBER: <br />6. 01c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br /> <br />DISCUSSION: <br />• Staff continues compiling 2026 budget information. <br />• Continued efforts on cost of service and rate studies. <br />• ERMU received its second settlement payment related to our portion of the 3M <br />Aqueous Film-Forming Foam (AFFF) liability litigation. The total settlement value from <br />3M is $99,778.85 with a net settlement award to-date of $42,133.95 after attorney’s <br />fees and other deductions. We should be receiving final payment before the end of the <br />year for $29,942.31. ERMU also received a settlement payment related to our portion of <br />the Dupont AFFF litigation. The total settlement from Dupont is $11,964.81. The <br />Dupont net settlement award was $8,383.74 after attorneys’ fees and other deductions. <br />• Continued research and review of our reserve balances and reserves policy. <br />• The Financial Reserves & Investment Committee met on October 27 and is meeting <br />again before the November Commission meeting. <br />• The auditors from Abdo will be performing preliminary audit work on December 4. The <br />2025 audit field work is scheduled for February 18-20. <br /> <br />121