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HomeMy WebLinkAboutStaff Report 13840 City of Palo Alto (ID # 13840) Finance Committee Staff Report Meeting Date: 4/19/2022 City of Palo Alto Page 1 Title: The Utilities Advisory Commission and Staff Request that the Finance committee Recommend City Council Adopt a Resolution Approving the Fiscal Year 2023 Gas Utility Financial Plan, Including Proposed Transfers, and Increasing Gas Rates by Amending Ra te Schedules G-1 (Residential Gas Service), G -2 (Residential Master-Metered and Commercial Gas Service), G -3 (Large Commercial Gas Service), and G -10 (Compressed Natural Gas Service) From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission (UAC) request that the Finance Committee recommend that City Council adopt a resolution (Attachment A): a. Approving the fiscal year (FY) 2023 Gas Utility Financial Plan (Linked Document); and b. Transferring up to $3 million from the Operations Reserve to the CIP Reserve in FY 2022; and c. Transferring up to $2.766 million from the Rate Stabilization Reserve to the Operations Reserve in FY 2022; and d. Increasing gas rates by amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-3 (Large Commercial Gas Service), and G-10 (Compressed Natural Gas Service) (Attachment B). Executive Summary The FY 2023 Gas Utility Financial Plan includes projections of the utility’s costs and revenues for FY 2023 through FY 2027. Gas utility costs are made up of supply -related costs (30 percent of costs in FY 2021), which are collected through a supply rate that varies monthly, and distribution-related costs (70 percent of costs in FY 2021), which are collected through a distribution rate that is typically adjusted not more than one time per year. Distribution rates were last increased on July 1, 2021, which resulted in a roughly 3 percent increase in the total system average gas rate (the supply rates plus the distribution rates). This Financial Plan projects overall gas costs to increase from FY 2022 through FY 2027 at about 2% per year on average. Commodity prices have increased markedly in the last few months and are projec ted to increase by about 3% per year going forward, although weather and/or economic forces can shift this course rapidly. 3 Packet Pg. 61 City of Palo Alto Page 2 The proposed FY 2023 Gas Utility Financial Plan includes an increase in distribution rates effective July 1, 2022 and will result in a 4 percent increase to the total system average gas rate if supply rates remain unchanged. Additional 4 percent increases to the total system average gas rate are projected over the next three years. Capital Improvement Project (CIP) expenditures for the last several years were lower than normal while the City was completing the Upgrade Downtown project, and much of this increase is due to the Gas Utility resuming ongoing main replacement projects and the cross-bore safety verification program. The City’s natural gas rates are based on the 2019 Natural Gas Cost of Service and Rates Study, updated with current and proposed operating costs. With the onset of the COVID -19 pandemic, usage amongst businesses dropped to reflect people working and staying at home rather than going to the workplace, as well as restrictions to business operations. Businesses have been operating at minimum staffing conditions or fully remote during the pandemic. City of Palo Alto staff have endeavored to reduce cost increases, and some capital project work has been moved out or restructured to keep costs from rising too much during this time. However, costs related to the Gas Utility’s resumption of main replacement projects and the cross -bore safety verification program are increasing. In order to move towards full cost recovery while minimizing rate impacts in light of pandemic-related economic challenges, staff recommends a distribution rate increase to all customer classes of 6%, which staff estimates will result in a 4% system average rate increase, if supply rates remain unchanged. If, after the pandemic, usage and/or spending looks to be moving in a different direction, staff will suggest a re -balancing of rates for the next fiscal year. While staff is recommending that the distribution component of the rates be increased by 6%, distribution rates comprise about 70% of the overall rate, which consists of commodity (supply) and distribution components. Supply-related costs include the cost of the natural gas itself, gas transmission, and gas environmental charges. It’s not possible to precisely predict commodity rates, which make up approximately 30% of overall retail gas rates. Market prices are monitored monthly and automatically incorporated into monthly supply rate adjustments, which are passed directly to customers as a line item on their utility bills. Because it is not possible to exactly predict what supply rates will be during the planning horizon, the overall rate increases (commodity plus distribution) referenced in this report assume that the commodity portion of the overall rate remains unchanged. The net effect is a proposed 4% overall rate increase. Recent market indications have led staff to project supply cost increases of about 3% per year for the forecast horizon, but these circumstances could change based upon market conditions, as well as trends in the cost of environmental offsets and PG&E’s revised projections for transmission costs. 3 Packet Pg. 62 City of Palo Alto Page 3 Table 1: Revenue and Rate Increases by Customer Class Cost of Service Analysis FY 2023 Rate Increase needed for Distribution Charges Assumed Commodity Rate Changes Net Rate Increase for Combined Commodity and Distribution Charges G1 - Residential 6% 0% 4% G2 - Small Commercial 6% 0% 4% G3 - Large Commercial 6% 0% 4% TOTAL 6% 0% 4% Figure 1 below shows the primary drivers for the proposed rate change, which are split about 60/40 between increasing operating and capital improvement expenses. The increases are discussed in greater depth in the attached FY 2023 Gas Financial Plan. Figure 1: Allocation of 6% Distribution Rate increase Background Every year staff presents the Finance Committee with Financial Plans for its Electric, Water, Gas, and Wastewater Collection Utilities and recommends any rate adjustment s required to maintain their financial health. These Financial Plans include a comprehensive overview of the utility’s operations, both retrospective and prospective, and are intended to be a reference for UAC and Council members as they review the budget and staff’s rate recommendations. Each Financial Plan also contains a set of Reserves Management Practices describing the reserves for each utility and the management practices for those reserves. The City’s gas is purchased from a variety of marketers who source gas from throughout the Western United States and Canada. The City pays Pacific Gas and Electric (PG&E) to transport the gas across its gas transmission system to Palo Alto, which is then delivered to customers through Palo Alto’s gas distribution system. 3 Packet Pg. 63 City of Palo Alto Page 4 The Gas Utility’s costs are divided into two main categories: gas supply costs (which includes the cost of the gas itself, the cost of transmitting the gas to Palo Alto, and environmental costs 1) and the costs of running the business and operat ing the distribution system. As noted above, gas supply costs vary with the market, and the costs are passed through to customers through a gas supply rate component that varies monthly. The Finance Committee reviewed preliminary financial forecasts at its February 1, 2022 meeting (Staff Report 138392). Discussion Staff’s annual assessment of the financial position of the City’s gas utility is completed to ensure adequate revenue to fund operations, including reserves, and to ensure that the City’s rates comply with cost-of-service requirements set forth in the California Constitution and applicable law. The assessment includes making long-term projections of market conditions, of costs associated with the physical condition of infrastructure, and of other factors that could affect utility costs. Rates are then proposed that will be adequate to recover projected costs. Proposed Actions for FY2022 and FY 2023: The FY 2023 Gas Utility Financial Plan includes the following proposed actions: 1. Amend gas rate schedules (Attachment B) to increase distribution rates by 6 percent, resulting in an estimated 4 percent increase on overall rates, and increasing the cap on the Transportation charge to $0.25/therm from $0.15/therm; and 2. Transfer up to $3.0 million from the Operations Reserve to the CIP Reserve in FY 2022; and 3. Transfer up to $2.766 million from the Rate Stabilization Reserve to the Operations Reserve in FY 2022. These proposed actions are described in more detail below and in the FY 2023 Gas Financial Plan (Linked Document). Proposed Gas Rates Staff proposes to adjust gas rates as shown in Table 2 and Table 3 below, effective July 1, 2022. These changes are projected to increase the distribution rate by 6% resulting in a total system average gas rate (total of supply and distribution) by roughly 4 percent for all classes. These rate changes are included in the proposed amended rate schedules in (Attachment B). 1 These are the costs of complying with the State’s Cap and Trade system and procuring offsets under the City’s Carbon Neutral Gas program. 2 https://www.cityofpaloalto.org/files/assets/public/agendas -minutes-reports/agendas-minutes/finance- committee/2022/20220201/20220201pfcsm-final-linked.pdf 3 Packet Pg. 64 City of Palo Alto Page 5 Table 2: Current and Proposed Monthly Service Charges Rate Schedule Monthly Service Charge ($/month) Change Current (as of 7/1/21) Proposed for FY 2023 ($) (%) G-1 (Residential) $10.89 $11.54 $0.65 6% G-2 (Small Commercial) 100.85 106.90 6.05 6% G-3 (Large Commercial) 461.43 489.12 27.69 6% G-10 (CNG) 68.21 72.30 4.09 6% Table 3: Current and Proposed Gas Distribution Charges Change Current (as of 7/1/21) Proposed for FY 2023 ($) (%) G-1 (Residential) Tier 1 Rates $0.5290 $0.5607 $0.0317 6% Tier 2 Rates 1.3526 1.4338 0.0812 6% G-2 (Residential Master-Metered and Small Commercial) Uniform Rate 0.6948 0.7365 0.0417 6% G-3 (Large Commercial) Uniform Rate 0.6879 0.7292 0.0413 6% G-10 (Compressed Natural Gas) Uniform Rate 0.0113 0.0120 0.0007 6% Another component of the City’s supply cost is the Transportation Charge, which is the cost that PG&E charges CPAU for transporting gas to Palo Alto via P G&E’s pipelines. This charge applies to Palo Alto and other cities and agencies who procure natural gas for resale. In October 2016 Council adopted a resolution listing this pass-through of PG&E’s Gas Transportation Rate separately on the City’s gas rate schedules, and setting a cap of $0.15/therm on this rate. Effective January 1, 2022, PG&E increased their G-WSL rate to $0.15/therm. The transportation charge continues to increase as PG&E collects costs related to improving storage facilities, decommissioning older facilities, wildfire mitigation, and greenhouse gas mitigation costs. Based on PG&E’s estimates, prices are going to continue to escalate between 6 to 22% between 2023 and 2026, so staff is recommending raising the cap on the Transportation Charge to $0.25/therm. Current and historic per therm rates for the Transportation Charges are posted on the City Utilities website. Bill Impact of Proposed Rate Changes 3 Packet Pg. 65 City of Palo Alto Page 6 Table 4 shows the impact of the proposed July 1, 2022, rate changes on residential b ills for various usage levels. The average increase for the residential class is roughly 4 percent based on last year’s commodity prices. As the price of commodities changes monthly, the actual increase may be higher or lower than the 4% average. Table 4 shows a representative Winter period (November thru March) and Summer period (April through October) bill comparison: Table 4: Impact of Proposed Gas Rate Changes on Residential Bills Usage (Therms/month) Bill under Current Rates Bill under Proposed Rates Change $/mo. % Winter (Using November 2021 commodity prices) 30 $ 55.62 $ 57.22 $ 1.60 2.9% 54 (median) 91.40 93.76 2.36 2.6% 80 146.63 152.79 6.16 4.2% 150 308.64 320.48 11.84 3.8% Summer (Using October 2021 commodity prices) 10 $ 25.47 $ 26.44 $ 0.97 3.8% 18 (median) 37.13 38.35 1.22 3.3% 30 62.31 64.41 2.10 3.4% 45 96.53 99.85 3.31 3.4% Table 5 shows the impact of the proposed July 1, 2022 rate changes on various representative commercial customer bills. The overall increases for the G-2 and G-3 classes are projected to be about 3-4 percent on an annual basis assuming commodity prices stay flat. Table 5: Impact of Proposed Gas Rate Changes on Commercial Bills (Using December 2021 commodity prices) Usage (Therms/month) Bill under Current Rates Bill under Proposed Rates Change % 500 870 897 3.1% 5,000 7,792 8,007 2.8% 10,000 15,483 15,906 2.7% 50,000 77,029 79,121 2.7% FY 2023 Financial Plan’s Projected Rate Adjustments for the Next Five Fiscal Years Table 6 shows the projected rate adjustments over the next five years and their impact on the annual median residential gas bill (54 therms per month in winter, 18 therms per month in summer). 3 Packet Pg. 66 City of Palo Alto Page 7 Table 6: Projected Rate Adjustments, FY 2023 to FY 2027 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Gas Utility 4% 4% 4% 4% 3% Estimated Bill Impact ($/mo)* $1.70 $2.09 $2.17 $2.26 $1.76 * estimated impact on median residential gas bill, which was $50.45 for CY 2021 One of the main drivers for the increase in the Gas Utility’s short-term costs (and therefore rates) over the next several years are increases in CIP expenditures needed to maintain a safe and reliable system. FY 2017 included replacements of gas mains on University Avenue, a project that has evolved into the Upgrade Downtown project, involving a coordinated replacement of several different types of infrastructure to avoid multiple disruptions to the business district. This was a multi-year planning effort, completed in 2019, which did not allow for design of other new projects. Also, as government agencies regionally and nationally spend more on infrastructure improvement, contractor bids for underground construction have risen greatly from where they were in years past. This Financial Plan addresses these challenges in a way that will allow City of Palo Alto Utilities (CPAU) to meet its gas main replacement (GMR) targets. The next phase of the GMR program will be the replacement of all Polyvinyl Chloride (PVC) mains with Polyethy lene (PE) mains. CPAU installed PVC pipes from the early 1970s to mid -1980s. Some of the City’s PVC pipe is approaching 50 years of service, and according to industry data, PVC pipes have a much higher leakage rate than PE mains after 20 years of service d ue to potential disbandment of fittings and joints. This Financial Plan includes approximately $7 to 9 million every other year for main replacement construction instead of $5 to 6 million annually. This shift to larger main replacement construction projects every other year will slightly lengthen the amount of time needed to replace all PVC pipes in the system but will ideally attract more contractors and better bid pricing on the larger projects. Additionally, this gas main replacement project will be staggered with water and wastewater (water and wastewater construction every even year and gas construction every odd year), which will ease scheduling difficulties for staff coverage of inspections. This arrangement is likely to be a short-term solution (3-5 years) until project capacity can be increased and upward pressure on utility rates has eased. Table 7 below shows the reserve balance changes for each reserve from FY 2022 and projected through FY 2027. 3 Packet Pg. 67 City of Palo Alto Page 8 Table 7: Operations, Rate Stabilization and CIP Reserve Starting and Ending Balances, Revenues, Transfers To/(From) Reserves, Capital Program Contribution To/(From) Reserves, and Reserve Guideline Levels for FY 2022 to FY 2027 ($000) FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Starting Reserve Balances 1 Operations Reserve 11,981 11,569 8,017 8,842 8,653 10,436 2 CIP Reserve 3,820 6,820 3,820 4,820 1,820 4,320 3 Cap and Trade 5,905 7,427 9,660 12,260 15,165 18,353 4 Rate Stabilization 2,766 - - - - - Revenues 5 Total Revenues 45,209 47,890 50,223 52,360 54,541 56,805 6 Cap and Trade 1,522 2,232 2,600 2,905 3,188 3,540 Transfers 7 Operations Reserve (234) 3,000 (1,000) 3,000 (2,500) 2,000 8 CIP Reserve 3,000 (3,000) 1,000 (3,000) 2,500 (2,000) 9 Cap and Trade 10 Rate Stabilization (2,766) Expenses 11 Non-CIP Expenses (40,713) (44,225) (44,138) (45,252) (46,108) (47,221) 12 Planned CIP (4,674) (10,217) (4,261) (10,297) (4,150) (10,150) Ending Reserve Balances 1+5+7+11+12 Operations Reserve 11,569 8,017 8,842 8,653 10,436 11,870 2+8 CIP Reserve 6,820 3,820 4,820 1,820 4,320 2,320 3+6+9 Cap and Trade 7,427 9,660 12,260 15,165 18,353 21,892 4+10 Rate Stabilization - - - - - - Operations Reserve Guidelines 13 Minimum 7,016 7,270 7,255 7,439 7,651 7,762 14 Maximum 14,033 14,540 14,511 14,877 15,301 15,525 CIP Reserve Guidelines 15 Minimum 1,725 1,920 1,775 1,989 1,856 1,909 16 Maximum 8,627 9,601 8,874 9,946 9,280 9,547 Figures 2 below illustrates the projected long run changes in the Ga s Utility’s costs. Cost increases over the FY 2018 to FY 2027 time period are mainly from supply costs, followed by operations and capital expenses. 3 Packet Pg. 68 City of Palo Alto Page 9 Figure 2: FY 2018, FY 2023 and FY 2027 costs Over the longer term, gas commodity costs are the most variable factor in customer gas bills, being subject to market forces. Prices have risen dramatically in the current winter months, and are projected to increase by about 3% percent per year between FY 2023 and 2027. Operations costs are projected to increase by about 2 percent annually, due to inflation and salary and benefit increases. A large one-time increase in costs to pay for phase two of a cross- bore safety verification program occurs in FY 2023. The cross-bore safety program ensures that gas pipelines have not crossed through sewer laterals, which is rare but possible during trenchless installation. This is referred to as a “cross-bore,” and while they are very rare, if they exist, they pose a risk of gas leaks if a plumber uses a cutting to ol to clear a sewer line and accidentally cuts the gas line. The project will video inspect, determine, and repair any unintended conflicts between gas service pipelines and sewer laterals. Phase two of this program is estimated to require $1 million per year in FY’s 2022 and 2023, although the project may require additional funding depending on what inspections show. The COVID pandemic has resulted in gas usage decreasing by about 8 to 10%, similar as what has been seen in electric. Declines have come mainly in the commercial sectors as a result of many businesses operating with remote staffing. It is uncertain how long this trend will last. Staff worked with Northern California Power Agency (NCPA), the City’s electric load forecaster, to incorporate UCLA’s Anderson School GDP forecast into its electric load forecast for Palo Alto, which estimates the economic trend impacts to last through December 2022. The same recovery pattern was used in Figure 3 below to forecast various possible levels of gas usage recovery. As seen with prior economic and drought gas usage declines, it is likely that consumption will not return to pre-conservation/pandemic levels but will likely stabilize closer 3 Packet Pg. 69 City of Palo Alto Page 10 to the longer-run historical decline in gas usage. Further changes, such as the voluntary replacement of gas appliances with electric appliances, building electrification of new construction as mandated by the 2019 Reach Code, and customer behavior are also expected to lower long run usage, and this forecast will be revised accordingly as more customers adopt these measures.3 Staff has also done a preliminary analysis of the impacts of Sustainability and Climate Action Plan (S/CAP) goals on gas use and presented it to the UAC in January of 2021.4 The usage scenario used to develop the proposed rates is shown in Figure 3. A generally warm winter and continuing COVID impacts has contributed to lower gas usage in the short term. However, rapidly declining gas consumption will put upward pressure on rates, as a generally increasing cost to operate and distribute gas will be spread across fewer units of sale. Figure 3: Forecast Gas Consumption Gas Bill Comparison with Surrounding Cities Table 8 presents winter and summer residential bills for Palo Alto and PG&E at several usage levels for commodity rates in effect as of October 2021 (to illustrate a summer month bill) and November 2021 (to illustrate a winter month bill). The annual gas bill for the median residential customer for calendar year 2021 was $605, about 12% lower than the annual bill for a PG&E customer with the same consumption. PG&E’s distribution rates for gas have increased substantially to collect for needed system improvements for pipeline safety and maintenance. The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which includes the surrounding communities. 3 The City’s Sustainability and Climate Action Plan (S/CAP) is currently being updated. As building electrification goals in the S/CAP are updated, they will be modeled in this load forecast. 4 January 6, 2021 UAC Meeting, Discussion of Projected Electrification Impacts on Gas Utility System Average Rates: https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/agendas-minutes/utilities- advisory-commission/archived-agenda-and-minutes/agendas-and-minutes-2021/01-06-2021-special/01-06-21- uac-item-1.pdf 3 Packet Pg. 70 City of Palo Alto Page 11 Table 8: Residential Monthly Natural Gas Bill Comparison ($/month) Season Usage (therms) Palo Alto PG&E Zone X % Difference Winter (November 2021) 30 $ 55.62 62.48 -11.0% (Median) 54 91.40 116.08 -21.3% 80 146.63 182.76 -19.8% 150 308.64 362.30 -14.8% Summer (October 2021) 10 $ 25.47 19.52 30.5% (Median) 18 37.13 36.48 1.8% 30 62.31 65.69 -5.1% 45 96.53 102.20 -5.5% Table 99 shows the monthly gas bills for commercial customers for various usage levels for rates in effect as of December 2021. Bills for CPAU customers at the usage levels shown can vary from 11% lower to 8% higher for commercial customers than for PG&E customers. This is a substantial improvement over the calendar year 2013 bill comparison, when commercial gas bills for CPAU customers were 27% to 44% higher than for PG&E customers. This is primarily attributable to PG&E’s higher distribution rates as the commo dity rates for CPAU and PG&E are very similar, both being based on spot market gas prices. Table 9: Commercial Monthly Average Gas Bill Comparison (for Rates in Effect December 2021) Usage (therms/mo) Gas Bill ($/month) % Difference Palo Alto PG&E 500 870 938 (7%) 5,000 7,792 8,786 (11%) 10,000 15,483 16,008 (3%) 50,000 77,029 71,217 8% Timeline The City Council will consider the FY 2023 Gas Financial Plan, transfers and rate adjustments as part of the FY 2023 budget review and adoption process. If Council approves the proposed rate changes, they will become effective July 1, 2022. Resource Impact Normal year sales revenues for the Gas Utility in FY 2023 are projected to increase by roughly 4 percent or $1.5 million as a result of the proposed ra te increases, not including fluctuations in 3 Packet Pg. 71 City of Palo Alto Page 12 commodity revenue/cost. The City is also a gas customer and the rate increase impact to the City’s General fund, based on prior sales trends, is estimated to be about $17,000 in FY 2023. Gas Fund expenses and revenue impacts and General Fund expense impacts resulting from the recommendations in this report are programmed in the FY 2023 Proposed Operating Budget. If the final rates adopted by Council in June differ from those proposed in this report, further adjustments may be brought forward as part of the annual budget process. The FY 2023 Budget is being developed concurrent with these rates and, if Council adopts rates that differ from those presented here, budget adjustments may be brought forward as part of the annual budget process. See the attached FY 2023 Gas Financial Plan for a more comprehensive overview of projected cost and revenue changes for the next five years. Policy Implications The proposed gas rate adjustments are consistent with Council -adopted Reserve Management Practices that are part of the Financial Plan and were developed using a cost -of-service study and methodology consistent with the California constitution and industry-accepted cost of service principles. Stakeholder Engagement The UAC reviewed preliminary financial forecasts at its December 1, 2021 meeting, and the Finance Committee reviewed the preliminary forecasts at its February 1, 2022 meeting. The UAC reviewed staff’s recommendation on the FY 2023 Gas Financial Plan, proposed transfers and rate increases at its March 2, 2022 meeting. At that meeting, there was a question as to how future gas rates and expenditures reflect S/CAP goals for reduced carbon emissions. Staff responded that these efforts were still being evaluated, but that those efforts must be balanced with the need for gas system safety. The UAC voted to approve staff’s proposal 4-0, with Commissioners Bowie, Scharff and Smith absent. If approved, the Finance Committee’s recommendation on the FY 2023 Gas Financial Plan, proposed transfers and rate increases will be presented to City Council in June during the budget adoption process. (Attachment C) Environmental Review The Finance Committee’s review and recommendation to City Council on the FY 2022 Gas Financial Plan and rate adjustments does not meet the Californi a Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments: • Attachment A: Resolution • Attachment B: Rate Schedules • Attachment C: Excerpt Draft Minutes 3 Packet Pg. 72 Attachment A * NOT YET APPROVED * 6055597 Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving the Fiscal Year 2023 Gas Utility Financial Plan, Including Proposed Transfers, and Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-3 (Large Commercial Gas Service), and G- 10 (Compressed Natural Gas Service) R E C I T A L S A. Each year the City of Palo Alto (“City”) regularly assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations, including reserves. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Plans to summarize these projections. B. Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. C. On ____, 2022, the City Council heard and approved the proposed rate increase at a noticed public hearing. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby adopts the FY 2023 Gas Utility Financial Plan. SECTION 2. The Council hereby approves the transfer of up to $2.766 Million from the Rate Stabilization Reserve to the Operations Reserve, and up $3 Million from the Operations Reserve to the CIP Reserve, as described in the FY 2023 Gas Utility Financial Plan approved via this resolution. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-1 (Residential Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-1, as amended, shall become effective July 1, 2022. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-2 (Residential Master-Metered and Commercial Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-2, as amended, shall become effective July 1, 2022. 3.a Packet Pg. 73 At t a c h m e n t : A t t a c h m e n t A : R e s o l u t i o n ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) Attachment A * NOT YET APPROVED * 6055597 SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-3 (Large Commercial Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-3, as amended, shall become effective July 1, 2022. SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-10 (Compressed Natural Gas Service Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-10, as amended, shall become effective July 1, 2022. SECTION 7. The City Council finds as follows: a. Revenues derived from the gas rates approved by this resolution do not exceed the funds required to provide gas service. b. Revenues derived from the gas rates approved by this resolution shall not be used for any purpose other than providing gas service, and the purposes set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 8. The Council finds that the fees and charges adopted by this resolution are charges imposed for a specific government service or product provided directly to the payor that are not provided to those not charged, and do not exceed the reasonable costs to the City of providing the service or product. SECTION 9. The Council finds that approving the Financial Plan does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065 and CEQA Guidelines Section 15378(b)(5), because it is an administrative governmental activity which will not cause a direct or indirect physical change in the environment, and therefore, no environmental assessment is required. The Council finds that changing gas rates to meet operating expenses, purchase supplies and materials, meet financial reserve needs and obtain funds for capital improvements necessary to maintain service is not subject to the California Environmental Quality Act (CEQA), pursuant to California Public Resources Code Sec. 21080(b)(8) and Title 14 of the California Code of Regulations Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. // // // // // 3.a Packet Pg. 74 At t a c h m e n t : A t t a c h m e n t A : R e s o l u t i o n ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) Attachment A * NOT YET APPROVED * 6055597 // INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Assistant City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services 3.a Packet Pg. 75 At t a c h m e n t : A t t a c h m e n t A : R e s o l u t i o n ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-1 Sheet No G-1-1 dated 7-1-20201 Effective 7-1-20212 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from City of Palo Alto Utilities: 1. Separately-metered single-family residential Customers. 2. Separately-metered multi-family residential Customers in multi-family residential facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ...............................................................................................$10.8911.54 Tier 1 Rates: Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charge ............................................ $0.00-$0.25 3. Transportation Charge ................................................................. $0.00-$0. 1525 4. Carbon Offset Charge .................................................................. $0.00-$0.10 Distribution Charge:....................................................................................... $0.52905607 Tier 2 Rates: (All usage over 100% of Tier 1) Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-2.00 2. Cap and Trade Compliance Charge ............................................. $0.00-$0.25 3. Transportation Charge ................................................................. $0.00-$0.1525 4. Carbon Offset Charge .................................................................. $0.00-$0.10 Distribution Charge:............................................................................................. ............................................................................................................$1.35261.4 338 O CITYOF PALO ALTO UTILITIES 3.b Packet Pg. 76 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-2 Sheet No G-1-2 dated 7-1-20201 Effective 7-1-20212 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or Taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced in the burning of natural gas. The Carbon Offset Charge will change in response to changing market conditions, changing sales volumes and the quantity of offsets purchased within the Council-approved per therm cap. The Transportation Charge is based on the current PG&E G-WSL rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.1 2. Seasonal Rate Changes: The Summer period is effective April 1 to October 31 and the Winter period is effective from November 1 to March 31. When the billing period includes use in both the Summer 1 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.cityofpaloalto.org/files/assets/public/utilities/rates-schedules-for-utilities/monthly-gas-commodity-rates.pdf 3.b Packet Pg. 77 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-3 Sheet No G-1-3 dated 7-1-20201 Effective 7-1-20212 and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates for each period. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Calculation of Usage Tiers Tier 1 natural gas usage shall be calculated and billed based upon a level of 0.667 therms per day during the Summer period and 2.0 therms per day during the Winter period, rounded to the nearest whole therm, based on meter reading days of service. As an example, for a 30 day bill, the Tier 1 level would be 20 therms during the Summer period and 60 therms during the Winter period months. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} 3.b Packet Pg. 78 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) RESIDENTIAL MASTER-METERED AND COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-2-1 Effective 7-1-20212 dated 7-1-20201 Sheet No G-2-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities: 1. Commercial Customers who use less than 250,000 therms per year at one site. 2. Master-metered residential Customers in multi-family residential facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ...........................................................................................$100.85106.90 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ........................................... $0.00-0.25 3. Transportation Charge ................................................................. $0.00-$0.1525 4. Carbon Offset Charge .................................................................. $0.00-$0.10 Distribution Charge: .................................................................................................. $0.6948 7365 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or Taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. 3.b Packet Pg. 79 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) RESIDENTIAL MASTER-METERED AND COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-2-2 Effective 7-1-20212 dated 7-1-20201 Sheet No G-2-2 The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced in the burning of natural gas. The Carbon Offset Charge will change in response to changing market conditions, changing sales volumes and the quantity of offsets purchased within the Council-approved per therm cap. The Transportation Charge is based on the current PG&E G-WSL rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.1 {End} 1 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.cityofpaloalto.org/files/assets/public/utilities/rates-schedules-for-utilities/monthly-gas-commodity-rates.pdf 3.b Packet Pg. 80 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) LARGE COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-1 Effective 7-1-20212 dated 7-1-20201 Sheet No G-3-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities: 1. Commercial Customers who use at least 250,000 therms per year at one site. 2. Customers at City-owned generation facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: $461.43489.12 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .................................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ...................................................... $0.00-0.25 3. Transportation Charge .......................................................................... $0.00- $0.1525 4. Carbon Offset Charge ........................................................................... $0.00-$0.10 Distribution Charge: .....................................................................................................$0.68797292 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or Taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. 3.b Packet Pg. 81 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) LARGE COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-2 Effective 7-1-20212 dated 7-1-20201 Sheet No G-3-2 The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced in the burning of natural gas. The Carbon Offset Charge will change in response to changing market conditions, changing sales volumes and the quantity of offsets purchased within the Council-approved per therm cap. The Transportation Charge is based on the current PG&E G-WSL rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.1 2. Request for Service A qualifying Customer may request service under this schedule for more than one account or meter if the accounts are located on one site. A site consists of one or more contiguous parcels of land with no intervening public right-of- ways (e.g. streets). 3. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable City of Palo Alto full-service rate schedule. {End} 1 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.cityofpaloalto.org/files/assets/public/utilities/rates-schedules-for-utilities/monthly-gas-commodity-rates.pdf 3.b Packet Pg. 82 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) COMPRESSED NATURAL GAS SERVICE UTILITY RATE SCHEDULE G-10 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-10-1 Effective 7-1-20212 dated 7-1-20201 Sheet No. G-10-1 A. APPLICABILITY: This schedule applies to the sale of natural gas to the City-owned compressed natural gas (CNG) fueling station at the Municipal Service Center in Palo Alto. B. TERRITORY: Applies to the City’s CNG fueling station located at the Municipal Service Center in City of Palo Alto. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ...............................................................................................$68.2172.30 Per Therm Supply Charges: Commodity (Monthly Market Based) ................................................................ $0.10-$2.00 Cap and Trade Compliance Charges .............................................................. $0.00 to $0.25 Transportation Charge ................................................................................... $0.00-$0.1525 Carbon Offset Charge ........................................................................................ $0.00-$0.10 Distribution Charge .......................................................................................................$0.01130120 D. SPECIAL CONDITIONS 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or Taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. The Commodity charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. 3.b Packet Pg. 83 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) COMPRESSED NATURAL GAS SERVICE UTILITY RATE SCHEDULE G-10 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-10-2 Effective 7-1-20212 dated 7-1-20201 Sheet No. G-10-2 The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced in the burning of natural gas. The Carbon Offset Charge will change in response to changing market conditions, changing sales volumes and the quantity of offsets purchased within the Council- approved per therm cap. The Transportation Charge is based on the current PG&E G-WSL rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges will fall within the minimum/maximum range set forth in Section C. Current and historic per therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.1 {End} 1 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.cityofpaloalto.org/files/assets/public/utilities/rates-schedules-for-utilities/monthly-gas-commodity-rates.pdf 3.b Packet Pg. 84 At t a c h m e n t : A t t a c h m e n t B : R a t e S c h e d u l e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) Utilities Advisory Commission Minutes Approved on: Page 1 of 2 UTILITIES ADVISORY COMMISSION MEETING MINUTES OF MARCH 2, 2022 MEETING CALL TO ORDER Chair Forssell called the meeting of the Utilities Advisory Commission (UAC) to order at 6:03 p.m. Present: Chair Forssell, Vice Chair Segal, Commissioners Johnston, Metz, and Smith Absent: Commissioner Bowie and Scharff NEW BUSINESS ITEM 8: ACTION: Staff Recommendation That the Utilities Advisory Commission Recommend the City Council Adopt a Resolution Approving the Fiscal Year 2023 Gas Utility Financial Plan, Including Proposed Transfers, and Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-3 (Large Commercial Gas Service), and G-10 (Compressed Natural Gas Service). Dean Batchelor, Director of Utilities, introduced Eric Keniston who presented to the UAC the Gas Utility Financial Plan. Eric Keniston, Senior Resource Planner, reported that the proposal is to have a 4 percent overall increase for FY 2023 and then a 4 percent rate increase for subsequent years. The Operating Reserves were projected to remain near the targeted guideline levels. Gas commodity prices remain high, but future projections have those prices decreasing slightly. The City continued to have a lower rate than Pacific, Gas and Electric Company (PG&E) by 14 percent for residential customers. Vice Chair Segal recalled that the City’s approach is to have larger capital projects done every other year, but the budget has not increased to reflect that approach. Keniston noted that there are other CIP projects besides main replacements. Dave Yuan, Strategic Business Manager, confirmed that Vice Chair Segal is correct but the City budgets every year to smooth out the rates. In summary, the rates will raise $5 million annually and then large capital projects will be constructed every other year. Batchelor added that the annual $5 to $6 million is added to the $7 to $9 million for capital projects. Karla Dailey, Acting Assistant Director of Utilities, recalled that the every other year model was not able to be implemented over the last 2-years due to the Covid-19 Pandemic. Keniston noted that is not true. The City continued to plan through the pandemic a main replacements every other year. Commissioner Metz suggested that the new housing mandates and the City’s push to electrify should be baked into the financial forecast. Keniston noted that Staff is working on how to factor those two items into the plan for the future. In reply to Chair Forssell’s query regarding Council’s direction, Keniston remarked that until a template is established on how to downsize mains and reduce the use of the Gas Utility. It is difficult to include the City’s electrification plans into the financial forecast. Gas usage continued to decrease but at a slow rate. Commissioner Metz remarked UAC could seek direction from Council to help Staff with the process. DRAFT 3.c Packet Pg. 85 At t a c h m e n t : A t t a c h m e n t C : E x c e r p t D r a f t M i n u t e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s ) Utilities Advisory Commission Minutes Approved on: Page 2 of 2 Keniston added that Staff is working on components of the Sustainability and Climate Action Plan (S/CAP) and will be bringing those forward soon. Batchelor agreed that through more discussion with Council the plan will become clearer. Silvia Santos, Utilities WGW Manager, agreed that Staff could choose a block or neighborhood to electrify and discontinue gas to that area. Staff must to evaluate whether the transformer for that block or neighborhood can accommodate the electrical load. In answer to Chair Forssell’s question regarding the reserve transfers, Keniston confirmed that the Rate Stabilization Transfer is to mitigate a large rate increase. The funds will be transferred from the Operations Reserve to the CIP Reserve and held in the CIP Reserve. Then transferred back to the Operations Reserve when the capital project is ready. In reply to Chair Forssell’s question regarding a time delay for the pass- through commodity charge for the Gas Utility, Keniston explained that the gas price is published on the first day of each month. Daily added that the City purchases gas at the market rate. Council Member Cormack appreciated the comments regarding S/CAP. She acknowledged that the City’s infrastructure cannot accommodate electrification and the City must maintain the Gas Utility infrastructure until the electrical grid is modernized. She mentioned that there are teams working on different aspects of the S/CAP and a UAC Member may be able to be involved in the work of the community scaling team looking at electrification. ACTION: Vice Chair Segal moved Staff requests that the Utilities Advisory Commission (UAC) recommend that the Council adopt a resolution (Attachment A): a. Approving the fiscal year (FY) 2023 Gas Utility Financial Plan (Linked Document); and b. Transferring up to $3 million from the Operations Reserve to the CIP Reserve in FY 2022; and c. Transferring up to $2.766 million from the Rate Stabilization Reserve to the Operations Reserve in FY 2022; and d. Increasing gas rates by amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master- Metered and Commercial Gas Service), G-3 (Large Commercial Gas Service), and G-10 (Compressed Natural Gas Service) (Attachment B) Seconded by Commissioner Johnston Motion carries 4-0 with Chair Forssell and Vice Chair Segal, Commissioners Johnston, Metz voting yes. Commissioners Bowie, Scharff and Smith absent 3.c Packet Pg. 86 At t a c h m e n t : A t t a c h m e n t C : E x c e r p t D r a f t M i n u t e s ( 1 3 8 4 0 : F Y 2 0 2 3 G a s F i n a n c i a l P l a n s a n d R a t e s )