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HomeMy WebLinkAboutRESO 6711. . RESOLUTION NO. 6711 RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO ADOPTING A GAS RATE REFUND PLAN ORIGINAL WHEREAS, actions cf the Palo Alto City Council will result in the availability of funds to be refunded to Palo Alto gas rate payers; and WHEREAS, the City of Palo Alto has de:ided to forego any extensive gas exploration program at the present time; NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. It is hereby found to be in the public interest to grant a refund to the rate payers of the gas utility of the City of Palo Alto in the dollar amount by which the Gas Transfer Stabilization Reserve and the Gas System Improvement Reserve exceed a total of $5.5 million dollars as of .June 30, 1988. SECITON 2. Refunds as a lump sum payment, showing as a credit on the customer's monthly bill shall be made as soon as possible during the 1988-89 fiscal year during or after the July, 1988 billing cycle. Refunds shall be made as a pro rata share of each customer's gas consumption in relation to the total gas consumption for the City of Palo Alto for the period July 1, 1987, through June 30, 1988, which will be the "RefuuJ Billing Period". Staff shall implement refunds for present and former customers of the gas utility as described in the City Manager's Report accompanying this resolution. INTRODUCED AND PASSED: July 11, 1988 AYES: Bechtel, Cobb, Fletcher, Klein, Levy, Renzel, Sutorius, Woolley NOES: Patitucci ABSTENTIONS: None ABSENT: None . . rrrectorof Utit ACB/kr 2. .. REVISEn 6 _. 9 BUDGET 88-89 Ju1y 7, 1988 THE HONORABLE CITY COUNCIL Palo Alto, California Att•nt'fon: Ffnan~e and PuMic Works Cotmrfttee Pro~osed Gas Rate Decrease. Customer Refund and Suspension of Gas Rate Pol cy ~embers of the Council: Thf s report recoimends a suspension of the City's lon~standfn9 po11cy to set Palo Alto's retail gas rates equal tc Pacific r,as and Electric Company (PGandE) rate levels, and reauests ap~rova1 of a 15 percent rate decrease effective July 11, 1988. In addition. staff recommends that a lar~ portion of ratepayer revenues previously reserved for financfn9 an extensive Gas Exploration Program be Plllde availahle and distributed to the City's gas customers in the form of a refund of approxf!l1!te1y $8.5 ~1111on be~fnnfn~ in the inonth of October. 19SS. This report also discusses a recent landmark decision rendered by the CaHfornia Public Utf11tfes Commission (CPUC), the status of the City's Gas Supply and Deve1oP1"!nt Pro.1ect. the much 1,.,roved financial condition of the Gas Fund, and related topics which bear directly u~n the·four reconwnendatfons contained fn this report. The report is divided into four sections, each with its own background discussion and specific recollllftendation. For c1ar1fication purposes. it ney be noterl that the proposa1s for a rate decrease and custorner refun~ are independent of each other. Recol'fW"endation to Suspend the City's Gas Rate Policy Since the early 1S50's, the City of Palo Alto has char~d natural qas rates equivalent to those char~d in surrounding co11111unitfes by PGandE. This policy has endured out of co~t1tive necessity and has giYen implicit recognition to the imprudence of raisin~ ?alo Alto•s retaf1 rates above those in surroundf nq areas. Oespite a brief i>erf od durin~ FY 1975·76 when Councf 1 found ft necessary to raise Pa1o Alto's rates 12 percent above PG&ndE's rates, the Cfty"s gas rates have trac~ed P66nc1E rates. However, due to a serious or1ce sQueeze sftuatfon arisin~ with its wholesale supplier. the lias Fund experienced four years of deficits between 1974 and 1981. A decision to discontinue the City's lon~standfng ~s rate policy !11.!St nec~ssarf1y be based on the expected financial health of the tltility and an assessment of the impact of prospectf ve wholesale gas purchase CMR:1~8:8 cost·.;. ~ecause the cost of purchasfnq aas wholesale froP.t PGantff represents the lar~st expense of the Palo Alto Sas utf lfty. no issue is r.iore flf'f'ortant to the financial fntearf ty of the Gas Fund than obtainfna a fafr PGandE resale rate. Ourfno FY 1983-84 such a fafr resale fornu1a was f1na'1y adoi>ted hy the CPUC, which resulted 1n ma;\or rate relief to the City and effectively beqan to turn around the Gas Utility's financial condition (CMR's:48~:~ and 164:4). The rdte relief was timely as ft enabled the City Council to establish a Gas System l"'f>rovernent Reserve (SIR) for ffnancfr.n specific progra"'5. inch1dfnq the Gas Supply and Oevelopment Prooram. Earlier in 19R3, Council had directed staff to secure low cnst supolernental su~p11es of natural gas f n an effort to e~:b1fsh future resources less expensive than P~andE an1 effect a sa~fnqs to the Utility an~ its ratepayers (CMR:370:3l. Althouah the ffnancia1 condition of the r.as Utf 1itv was be<rinnfnc to ftfflrove sfaniffcantlv. a decision to suspend t~e city's aas r!te.polfcy was necessarf 1y delayed ~u~ to an unfavorable resale rate forttiUla ~roposed hy PGandE w~ich wou1d have eventually re~1aced Palo Alto's existing resale formJla. The new resale formula could have erode~ the Gas Fund's tllBr~n approxirriately 50 percent and cost the Cfty an additional S4 nt111ion annually fn purchased ~s costs. T~ adverse rate proposal surfaced in the 1q86 CPlfC rate proceed1n~. Con- se~uently, suspension of Palo Alto's r..as Rate Policy had to await the outco~ of these CPUC rate hear1n95 which ~estructured gas rates and re9t1latory J)011cfes in California (CMR:583:6l. On Oeceat>er 9, 1987. the CPUC fss~d its long awaited decision (No. e;-12--0~9}. Whtle this 1andli9rk decisfon has altered the desf an and for"l.lla! of retail. resale. and transportation rates in Cat1forn1a, Palo Alto wai not adversely impacted by adontf on of a new resale formula. 8asf ca 11y. the Cf ty prevailed 1 n f ts 1r~11ents that PGandE' s forll'Ula o~rcharged resale custulners fm• expenditures 1ncll1"'red by PGandE on be ti al f of 1 ts own re ta 11 di stri but ion eust~rs. One outcome of the ttec1sfon fs that Pa1o Aito will essentially pay a cost of service based rate to PG~E, which results fn a slf oht increase fn purchased gas costs as a re3ult of chan~n~ to tN! new resale for"l.lla. Since the decision renufres Pf;and£ to net'IQtfatP. nev 5ervice anr~nts with its 1ar91! custo.rs; staff will seek aporova1 of a new ~neral servf ce a~eewnent ~th PGandE in the 1110nths ahead. The s;onfficance of the CPUC decision to Paio A1to is far-reachfno. Ttie fact that a Plll.1or revision fn resa1P. forl'ltllas did nnt result in a large increase tn purchased aas costs to the City wtll assure that the Palo Alto Gas Utf lity w111 re1111.1n ffnancf a11y stron9 in the years ahead. Of further sianff1cance is the fact that the Cl>ut's adol't1on of a reasonable res~le for1'1Ula hased on a cost of service a11ocatfon tnethodolOiJY will substantfally remove the burdenSOllle political cun· CMR:198:A . . sirlerat1ons from resale rate di!s1gn, which had plal'Ue~ the C1ty•s earliest resale forfllllla in the 1970•s. Finally, an fronf c outcome of the decision f s that by succeed1na fn "8fnta1nfna a 1ow wholesale rate, the City's !MS exploration option fs sf«mificantly less attractive. For the foreaofn~ reasons, staff recnmmends a departure fro~ the Citv's long standfna policy to char~ qas rates eouf valent to PGan<tr's reta11 rates and that the City's rates be reduced below PGandE's rates. In this manner the ratepayers fn Palo Alto wfll directly benefit from the City's efforts to lftinhrize fts 01>eratin!'.J costs. At the sa111e tfme, qas rates, lfke electric and water rates. wf 11 become based on a fiscal year bud~t and reflect similar rateM1.kin~ oh.iectives and policies. ~coft!Plendatf on to n1scontinue Plans Reoardfng an Er.tensive Gas txpioration Procn"afll · One of the ll'IC>re prom1sin~ approaches to secure 1ow-cost ~s supolies involves a ~s exploration alternative fn Cal1fornfa's Central Valley (CMR:370:~). Clearly, acou1r1no ~rship in reserves throunh a successful drillf"~ progra~ could offer the City a hed91! a(Jainst risin9 91s prf ces and enable the Gas UtiHty to exercise increased control oyer its lar~st expense. However. as recoan1zed in staff's initial assess"'!nt. a n!IMer of ina.ior ohstac1es are associated with thi !• aoproach. Certainly one s1Ql"lff1cant obstacle is rafsinc the reoufsfte ffnancfn~. Jn the first several years nf gas exploration, a substantial sum w~uld be required •up front• to cover the dri11fn~ costs ~fan adecuate number of we11s -to Meet Palo Alto's averaoe qas dePBnd. Such a sinn could aJ;proach u; "'1111on. otner pertinent· factors relevant t<' a decision to explore include the prevailing and proJected well-head price of natural ~s as well as the el{J)ected PC,andF wholesale rate. Perhaps the lar~st barrier confronting the Citv is obtainino a lono-term reliable (finn). transfrissfon apreement with PGantlf at a fair rate. In an effort to remove the rate and regulatcry obstacles associated with acquiring ~ranstnission service from PGandE, the City and a lar~ nul!t>er of other interested parties ha¥e actively pursued remedies fn onaoinQ CPuc·rate oroceed1n"5 since 1984. As a result of an extensive CPUC fnvestf ~tfon into t~ transportation practices of investor-owned utilftfes, Pr..andE p~e!~nt1y ~ffers transmission services. f4oweV@r, the rates are "lt!ry hi ah for such servf ces and thereby adversely affect the ec«"nomcs of an ertens'f ve Gas Exnlo•·,ation Program. On the other hand. ff the City elected to pursue a limited drf 111n~ or acquisition proaram to acoufre ~s for its interruptible customers o"ly. then PGanrlE's short-term transmission serrice mfnht acconwmodate that cr~nario since the rate ~ould be lower. While a nutftber of issues were addressed in CPUC evidentiary hearfn~s, one 1""°rtant issue which has a significant affect on the economics of CMR:198:f' ~s explorati~n in California has vet to be examined. The unresolve~ 1ssue is a ·~as ~ather1ia charoe• co11ected hy Pr.andE In addition to the transportation rate ft charoes for a11 ~s pr~rluced and transporte~ fn California. Aside fro~ the ouestf onable rnerft of this char~. the affect of this ~therin~ charf.le fs to reduce the eeonoM1C attractf veness of qas exp1orat1on in California. Althounh the CPllr. promisP.d in 1qs6 an fnvestioation into the need for the charoe, no such fnvestf ~tion has taken place. Recently Pr,anrl£ reouested that any such investi?ation be deferred to a later date. One factor which could mi ti oate the adverse iq>act of the PG1-E ~therf n~ charoe is a siqnfffcant rise in natural ~s prices at the wt.?11-head and an attendant increase in Palo Alto·s wholesale rate with PGandE. Since the economic sav1ngs of a gas exploration alternative depend to a lar~ extent on the well-head price of natural gas and the PGandE wholesale r&te. the merit of this apnroach improves with risin~ gas prices. HQweyer, in recent years. gas prices have dropped substantially. In particular, the 1986 plutrmet in ofl prices and its accompany1n~ influence on natural ~s prices materially affected the econo~ics of the City's ~s exp1orat1on ootf on. In 1ge3 the City paid Pt~ndE 46 cents per ther~. Today that wholesale rate has dropped approxf Pa.tely 40 percent to 27 cents per ther~. tn su"'"8.ry, the feasibility of embarkfn~ upon an extensive Gas Exploration Proora~ in California has been adversely affected by several devel01>mP"•!. Certainly the unavailability of lon~term, firm. trans"'1ssion service priced ~t a fair rate fs an important deficfencv. Secon~ly. an excessive gatherin~ char9! for talffornfa ~s production places an a~de~ burden UT>On exploration in the State. Finally. the drop in natural aas prices which be9an January 1, 1985 has effectivelv recaptured a 1ar~ ainount of the savfn~ whf ch would have occu,.,.ed under much hi~r prices. As mentioned earlier. the City's wholesale ~s price remafns at a reasonable level in accordance wfth the recent CPUC decision. Rased on these factors and the contfnufno uncertaf"tv of the CPUC to resnlve l'Bny outstandino issues, staff has' conclude~ · that an extensive ~as Exploration Pro9"am is not fn the City's best interests at this tine. In the eve"t circul'ftStancP.s chanoe, the City can re-evaluate the option at that tftne. · The staff's recomnendatfon to df scontinU@ plans reoardino tftt! extensive Gas Explor3tfon Program does not preclude the City.from pursuin~ other less •capital orfenteo• approaches to acoufre supp1efftenta1 supplies. For exalftP1e, Palo Alto began to purchase qas on the spot market in Septellber, 1qs7 and has purchas&d 100 percent of its needs fn five of the 1ast seven months from three different sources located f n the Southwestern United States. The savin~ to the City below PSandE's rate is approxfll\ltely $160.000 for that period and f s the first til'l'e f n 58 years that the C;ty has purchased natural 93S fr°'" I supplier other than Pnand£. It is staff's fntentf on to retain the spot f'llitrket purchase approach as a vtahle alternative to PGandE svstelft oas purchases. · · CMR:198:8 ; Proposed Customer Refund Plan With reoard to f1nancfnQ the extensive drillinq costs atten~ant to the Gas Exploration Pro9J"am, it was noted earlier that funds ~ere set aside for this ~urpose heg1nnfn9 1n FY 1983-84. While a nu!Tlher of key factors pertinent to ultimate resnlutinn of the vf a~f 1ity of a Gas Exploration Pro~am were bein9 addressed at the CPUC between 1984 and the e~d of 1987, the Gas Utility was financially able to build up reserves sf ~fffcantly during this period. For the current fiscal year, the balances in the System Improvement R~serve and Transfer Stabilization Reserve are projected t~ be aoproximate1y $5 million and $9 million, respectively, as of June 30, 19AA. Since an extensive Gas Exploratinn Pro9J"a~ is not deemed a viable approach to pursue in today's ntarket, staff reco11111en~s that a l'ajor portion of the revenue earll'lltrked for the Gas Supply and Development Progra~ he refunded to the ratepayers in the form of a credit nn their utility bill. The proposed refund amount is approximately sa.s million and is based on the difference hetween the pro~ected reserve balances at the end of the current fiscal year (approxi- mately $14 million) and the desired reserve balance to begin FY 1988-89 ($5.5 TI'illion}. The $5.S million reserve balance retains S3.0 million for a limited gas exploration option ff developments arise in the futur~ which justify such an approach or can be used to fund other Council approved protira~s. The proposed refund olan is similar to the plan used successfully by the City fn 1980 and 1985 (CMRS:37~:0 and 494:5}. Aecordin~ly, staff reco111Mends Council adopt the refund plan described below: o Refund to be ·ma~! in a one ti1ne credit to each oualifvf"o customer. Refund will be shown as a credit o. the custoiter•s 111nnthly ~s bill and a statement will accompany the bill fully advising the customer reoardin~ the refund. In the event the credit exceeds the total c:Jas bill, the credit will be carried forward to the successive YnOnth(s) until it is zero. o Dishurse"'!nt of the refund will be~n durin9 the Octotier 19~8 hillfn~ cycle. The 1110st recent twelve month period prior to df shursP-ment is the period July 1987 tnrou~h June 19R8, which will be the •refund bfllin9 period•. o Oualifyino customers are all active qas users at the til'le of ~f shursement who purchased gas during the refund billin~ period. A general attempt will not he ,iade to refund to former Palo Alto ~s custolflers, since findino such custoP"ers could be eJtremely costly, time-consumfn~ and aenera11y unsuccessful as current addresses of all such customers are not available. However, forl!ler customers who coll'e forward to initiate a request can re- ceive a refund, if they W@re customers dur1n9 the r~fund bf 11fn~ perio~. A notice re~rdfn~ the procedure to obtain a refund will be provided fn local newspapers. Also, customers who have moYed within the City durino the refund billing period ran apply for an additional credit for ~as usaoe at their previous Palo Alto address. Applications for this additional credit, CMR:l9A:fi as we11 as !"e01Jests for refuntts fro"" for111er Palo Alto custo!fters, will he tccepted no later tha~ March 31. 1989. Our experience wf th the last refund f n 1985 was that very few forrner cu~toners applie~ for a refunrl. o The customer's refund will be based upon their consumption durinc the refund bf llf n~ period, prooor1:fonate to Palo Alto•s total ~as consu!'lflt1on by active customers durfng that period. For example, ff a customer has been a Palo Alto qas customer since November of 19B7, then the refund will be based upon rec~rded consumption during the period November 1, 19~7 through June 30, 19AR. o Invest1t11tfon of the al'ltOunt of refund will be !'Y.l~e upon customer innufry and adjustments will be made ff dee111ed appropriate, when a present custorner disputes a refund. o The recol'l'llended refund forniula fs as follows: $8,500,000 = Refund Rate/Ther'lTI fofa1 therms sold to exfstino customers durf n9 FY 1987-88 Refund Rate/Therm X Respective Custo..ers Usage Ourfn~ FY 1987-~B = Customer's Refund Credit o Applyfn~ this formula, custo1t1er refunds will average approximately $200,00/resfdential customer. Sl,250.00/ccmmercfal customer, and $11,500.00/industrfal customer. A refund at this level represents approximately a seven f!IOnth period of no ~as charges to the customer. Proposed Gas Rate Decrease Based on the fair resale rate treatment established by CPUC Decf sion No. 87-12-039, the r,as Fund should re"'8fn ffnancially strong in the years ahead. While future resale rate increases will undoubtedly occur, PG~ndE reta11 rate levels should similarly rfse. Consequently, staff believes that the Gas ~und f s well positioned to reduce fts retaf 1 rates (except G-50 rates) below PGandE rates on July 11, 1988 and that the C1ty•s rates should continue to rell\8f n below PGandE ~s rates fri the years aheact. Accordingly, ft f s staff's reco~ndatfon to reduce Palo Alto's retaf l ~s rates approximatelv 15 percent or S2,745,000 on a" annual ~asis effective July 11, 1988. If Council approves thh pr-oposal, the City's ~s rates will drop to their lowest level sfnce July 19~1, and ft woulrl !'l!rk the first time in at least 35 years that Palo A~to's cas rates are below the rates char~d in surrounding collll'Qnitfes. It would also represent the fffth consecutive decrease f n the City's retail gas rates since January 1qAs. The proposed decrease fs based on arrfvfna at a revenue leYel which allows the Gas Fund in FY 1988-89 to meet all its operatfn~ costs. includf n~ a Sl,103,00n CMR:198:8 -----------------------------~-·-· -·--··-- transfer to the General Fund fn accordance with the Utility Enterprise Methodology. In addition, the Transfer Stabilization Reserve and the System Improvement Reserve are funded at reasonahle levels. Staff anticipates that such reserves will act as •buffers• to fund unanticipated swines fn operation costs. 1 nclucfi r.o PGandE ~as purchase costs. - In spreadin9 this 15 percent revenue decrease. all rates were lowered s11ohtly more than the syste~ averaoe of 15 oercent with the exception of the •interruptible .. rates contained on Schedule G-50 which serves four lar~e nonresidential CQStomers. The G-50 rates were necessarily increased to a level approximately 5 cents· above the projected ~as purchase cost in order to avoi~ sellina ~s to such customers at a dfrect loss to the lltility. As a result, all other retail customers will experience bf 11 reductions f" the 16 to 17 percent ranQe. As future cost of service studies are performed and experience 1s ~ined regarding the price responsiveness of the City's fuel switchin~ customers. the appropriateness of the five cent per therm marqfn will he ~xamined and reconnendations made accordfnQly. PGan~E's lowest retail rate is its r.-~o rate. which is approximately eaufvalent to Palo Alto's resale rate. The l>f..anrlE G-50 rate 1s based on a minimal rrero1n recovery by the Utility and a •spot gas• Drfce which is perhaps the lowest cost resource fn PGandE's portfolio of sup~lies. Staff believes that with today's market conditions and prices the 11kelf hood is mfnil'l\al that a Palo Alto G-50 custoP.1er woulrl reauest an alternate suppiier ~iven the hiqh costs of transportation. It can he noted that effective fillay 1, 198R PGandE 1s authorized to i"4'.>lement its ma .ior restructurf no of ret:1i 1 gas rates. The rates approved by the CPUC allow for an 11.8 percent increase in reside"t1a1 rates and a 4.9 percent decrease in commercial rates. tonsequently, the table shown below dep1ctfna the effect of staff's proposed rate decrease indicates a varyfno percenta~ below PGandE's retail rates (effective May 1, 198Al. S Prop. $ Increase Percent P.A.Bi 11 Customer Therms Monthly (Decrease) Increase {Below) Above Season llsed Bill Per Month (Oecrease) PGf.E Rates Ri!S i dent 1a 1 Winter Winter 100 $33.04 ~( 6.56) (16.6) (26.6) Residential Winter 150 64.26 (13.09} (16.9} (26e4) Resf ftential Sl11'Wl11!r 26 10.11 2.04) (16.8) (15 .O} Resident1a1 Su111mer 24 2l.Q7 4.S?l f17.ll ( ?1. ~, CMR:l98:8 Corrnercial Winter soo 235.59 (47.91} {16.Q) c2n.1> Industrial Winter 4,000 1,884.71 (3R3.2Q} (16.9) (18.0) Industrial (G-50) 60,000 20.100.00 3, lA0.00 18.8 7.7 Conclusion On Oecent't!r 9, 1987, the CPUC issued a far-reaching decision which, among other thin9s. authorizes PGanrlE to raise residential rates May 1, 1988 and establishes a ne1111 PGandE resale rate forlll.lla applicable to Palo f.lto gas f)urchases. Under the new forll'tlla, the Gas Fl1nd's fina!lcial condition should remain strong in the years ahead. As a result, staff has recommended that Council suspend the City 1s lon~standfng policy to track PGandE rates and lower the City's ~s rate's appro~i111ately 15 percent or $2,745,000 on an annual basis. If Council ap~roves this recomnendation, the Gas Utility will be a~le to avoid raising residential rates unnecessarily on May 1, and the City's rates can fall well be1ow those of surroundino areas for the first tit"ll! in at least 35 years. In addition, due to a cont>inatf on of factors. staff recorrmen~s fn this report that plans to fund an extensive Gas Exploratf on Procrram be discontinued and an approximately $8.5 million custoll'ler refunri he initiated in October 1988. to distribute revenues prev1ous1y set aside to finance this prc~am. Reco1t1nendati on · Staff recomniends that Council adopt the attached resolutions which will: 1. Ar.end Reso1ut1:>n No. 6568 to suspend the City's existin9 Gas Rate Policy; 2. Confirm staff's intention to discontinue plans and fundino of an extensive r,as txploration Progra"; 3. Adopt staff's proposed approxill'lltely ~R.S million Gas Customer Refund Plan; antt, 4. Revise Gas Rate Schedul~s G-1 and G-50 to decrease gas revenues approxflftately 15 percent effective July 11. 19R8. Resi!!~~subnlltted, ~ ~~ W. RANOY RALOSCHIJN ~~~~~~e!!Ulations WILLIAM ZANE~w Cfty Manaqer CMR: 198:8 ~J...~~ RICHARD l. voufG • Of rector cf utilities APPLICABILITY: GEIERAI. NATURAL &AS SERVICE UTILITY RATE SCHEOULE G-1 This schedule applies to all firm natural gas service. TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES: Gl-R Convnodity Charge: (For individually metered residential customers.) Summer Rate (May 1 to October 31): Per Meter Per Month 0-20 therms per therm .•.. , •...•.......•......................•..... 31. 8~ Over 20 therms per therm .•......................................... 6-2.4i Winter Rate (Nov. 1 to April 30): 0-96 therms per therm ..•..••...••••...••..•.•.....•..••..•.....•... 31. 8~ Over 96 therms per therm .....•.....................•.•......•...... 62.4~ Special Remote Meter Register Charge: per month ..........••••... $1.00 Gl-C CollltlOd;.y Charge: For all other customers. including co11111ercial customers) tear-round rate for all gas usage: 0-25,000 therms per therm .......................................... 4 7.1, Over 25,000 therms per therm ....•••....•...•••...........•......... 40. 9~ SPECIAL CONDITIONS: 1. Seasonal rate changes: The baseline allowances for space heating will be prorated in the May and November billing periods based on the rates ot the number of days prior to May 1 and subsequent to October 31. respectively, to the total nllftber of days in the billing period. CITY OF PALO Al TO UTILITIES Issued by the City Counci 1 Supersedes Sheet No. G-l-1 dated 1-1-87 Effecti¥e 7-11-88 Sheet Ho. G-1-1 -NATURAL &AS SERVICE UTILITY RATE SCHEDULE G-50 APPLICAllLlTY: This schedule applies to interruptible service for customers who have alternate fuel standby facilities and whose usage is classified as Prior- ities PJ and P4 according to the California Public Utilities Conwnissionjs Gas Curtaflment Priority System. TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES: Customer Charge: $250.00 per month. applicable to customers whose monthly usage is 50,000 therms or less. $600.00 per month, applicable to customers whose monthly usage is greater than 50.000 therms. Demand Charge: A mont.hly demand charge will be billed based upon the customers January, 1988 gas usage times 3 cents/therm. Conmodity Charge: Per Meter Per Month Per ther1~-........................................................ 30 .. Of Mf nimum Charge: This charge is for the first 5000 therms per meter per month. SPECIAL CONDITIONS: 1. Service under this schedule is subject to discontinuance in whole or in part in case of actual or anticipated shortage of natural gas resulting from an insuff1cient supply, inadequate transmission or delivery capacity of facilities, or shortag~ requirements. However, the City will attempt to minimize disruption by providing adequate notice prior to curtailment. The City will not be liable for damages occasioned by interruption or discontinuance of service supplied under this schedule. 2. No customer sh~ll be entitled to service hereunder unless adequate standby equipment and fuel are provided and are ready at all times for innediate operation in the event that the supply of gas hereunder shall be discontinued in whole or in part. CITY Of PALO ALTO trrILITIES Issued by the c;ty Coun~ii Supersedes Sheet No. G-50-1 dated 1-1-87 Effective 7-11-88 Sheet No. G··t:0-1