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HomeMy WebLinkAbout2001-02-20 City Council (19)City of Palo Alto City Manager’s Report TO:HONORABLE CITY COUNCIL ATTENTION: FINANCE COMMITTEE 1 FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE:FEBRUARY 20, 2001 CMR:144:01 SUBJECT:APPROVAL OF A RESOLUTION ADOPTING A GAS RATE INCREASE RECOMMENDATION The Utilities Advisory Commission (UAC) and staff recommend that the City Council approve a 25 percent retail gas rate increase effective April 1, 2001, in order to partially offset higher natural gas costs. BACKGROUND Natural gas prices are continuing an uncharacteristic rise, which began in May 2000, because of nationwide supply and demand issues. Since May 2000, the wholesale price of gas to the City has risen approximately .250 percent. To recover these higher purchased gas costs, staffs plan is to propose a series of rate increases over a 12- month period in combination with a substantial withdrawal of funds from the Gas Fund reserves. This financial strategy was identified in the two reports to Council requesting gas rate increases effective August 1, 2000 (CMR:330:00) and January 1, 2001(CMR:390:00). This proposed rate increase is the third in a series of four rate increases planned and will partially recover the wholesale cost of gas. Staff plans to propose a fourth rate increase for July 2001 that will fully recover the wholesale cost of gas and provide a contribution to reserves. DISCUSSION The rate increase has been spread among customer classes based on the system average of 25 percent. Despite this rate increase, Palo Alto retail gas rates remain significantly below PG&E gas rates in nearby communities. All gas customers were notified through the media and bill inserts that subsequent gas rate increases in 2001 would likely be necessary. The notice also encourages customers to invest in energy conservation solutions and, for Page 1 of 3 qualifying customers, to seek financial assistance through the Residential Rate Assistance Program. Other future gas rate increases may be necessary. However, the timing and size of any other rate increases will be based on future supply contracts and the projected ending balances in the reserves for the current fiscal year. UTILITIES ADVISORY COMMISSION REVIEW The UAC met on February 14, 2001. At this meeting the UAC recommended that the City Council approve the 25 .percent rate increase effective April 1, 2001. RESOURCE IMPACT Approval of this proposed rate increase will increase the Gas Fund revenues by approximately $800,000 from April 2001 through June 2001. On an annualized basis, the rate adjustment is projected to increase revenues approximately $5.9 million. The higher cost of gas purchases was partially funded in the BAO that was approved by Council with the January 1, 2001 rate increase (CMR:399:00). The adjustment in revenues resulting from the April 1, 2001 rate increase will be done with the mid-year adjustments. With regard to the Gas Fund reserves, staff Projects that the fiscal year 2000-01 ending balances for the Distribution Rate Stabilization Reserve and the Supply Rate Stabilization Reserve will be approximately $300,000 and $800,000 respectively. These ending balances reflect a combined withdrawal of funds from the two reserves of approximately $10 million for this fiscal year, The withdrawal of these reserves was done to lessen the severity of the rate increase. The staff gas rate proposal for July 2001 will be designed to build up the reserves. POLICY IMPLICATIONS These recommendations do not represent a Change in current City policies. TIMELINE The effective date of the proposed rates is effective April 1, 2001. ENVIRONMENTAL REVIEW The adoption of the resolution does not constitute a project under the California Environmental Quality Act, therefore, no environmental assessment is required. Page 2 of 3 ATTACHMENTS: A." B: C: Resolution Gas Rate Schedules, G-l, G-2, G-3, G-4, G-7, and G-10 Utilities Advisory Commission Report dated February 14, 2001 PREPARED BY:Lucie Hirmina, Rates Manager DEPARTMENT HEAD: CITY MANAGER: Assistant City Manager Page 3 of 3 RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING UTILITY RATE SCHEDULES G-l, G-2, G-3, G-4, G-7, and G-10-OF THE CITY OF PALO ALTO UTILITIES RATES AND CHARGES PERTAINING TO GAS RATES The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION i.Pursuant to .Section 12.20.010 of .the PaloAlto Municipal Code, Schedules G-I (Residential Core Gas Service), G-2 (Commercial Core Gas Service), G-3 (Large Commercial Core Gas Service), G-4 (Large Commercial Core Gas Transportation Service), G-7 (Large Commercial Core Gas Service), and G-10 (Compressed Natural Gas Service) of the Palo Alto Utilities Rates and Charges are hereby amended to read in accordance with Sheets G-l-l, G-2-1, G-3-1, G-3-2, G-4-1, G-7-1, G-7-2, and G-10-1, respectively, attached hereto and incorporated herein by reference. The foregoing Utility Rate Schedules, as amended, shall become effective on April i, 2001. SECTION 2. The Council finds that the revenue derived from the authorized adjustments of the several gas service rates shall be used only for the purposes set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 3. The Council finds that the adoption of this resolution does not constitute a project under the California Environmental Quality Act, California Public Resources Code section 21080, subdivision (b) (8). INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Senior Asst. City Attorney Mayor City Manager Director of Utilities Director of Administrative Services 010215 syn 0071981 RESIDENTIAL CORE GAS SERVICE no Do UTILITY RATE SCHEDULE G-1 APPLI.CABILITY: This schedule applies to core natural gas service to individually metered single family premises, including those separately metered in a multi-family complex. TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES: Per Meter Per Month (A)Summer Rates (May i to October 31): 0-20 therms per therm ...................... ...................................................$0.766Over 20 therms per therm ........................................................................ $1.073 Winter Rates (Nov. 1 to April 30): " 0-96 therms per therm Over 96 therms per therm $0.766 ........................................................................ $1.073 SPECIAL NOTES: ¸2. Seasonal rate changes: The summer period is effective May 1 to October 31 and the winter period is effective from November 1 to April 30. When the billing period is partly in the summer period and partly in the winter period, the billing will be computed by prorating the total therm usage and the applicable rates thereto between the two seasonal periods, according to the ratio of the number of days in each seasonal period to the total number of days in the billing period. Service under this schedule is subject to discontinuance in whole or in part, for operational reasons or if the City experiences supply or capacity shortages. The City will exercise reasonable diligence and care to furnish and deliver continuous service and a sufficient quantity of gas to customers, but does not guarantee continuity of service or sufficiency of quantity. The City shall not be liable for any damage caused by interruption of service, if the inten’uption of service is caused by an act of God, Fire, Strikes, riots, war, or any other cause that is beyond theCity’s control. CITY OF PALO ALTO’ UTILITIES Issued by the City Council Supersedes Sheet No.G-l-1 dated 7-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-l-1 COMMERCIAL CORE GAS SERVICE UTILITY RATE SCHEDULE G-2 A.APPLICABILITY: This schedule applies to non-residential customers who use less than 250,000 therms per year at a single address. B. TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES: All year-round delivered, commodity:Per Meter Per Month Per Therm " $0.800 SPECIAL CONDITIONS: Service under this schedule is subject to discontinuance in whole or in part, for operational reasons or if the City experiences supply or capacity shortages. The City will exercise reasonable diligence and care to fumish and deliver continuous service and a sufficient quantity of gas to customers, but does not guarantee Continuity of service or sufficiency of quantity. The City shall not be liable for any damage caused by interruption of service, if the interruption of service is caused by an act of God, Fire, Strikes, riots, war, or any other cause that is beyond the City’s control. {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No.G-2-1 dated 1-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-2-1 LARGE COMMERCIAL CORE GAS SERVICE UTILITY RATE SCHEDULE G-3 A. APPLICABILITY: This schedule applies to service for large commercial customers who use at least 250,000 therms per year at one site. _ B.TERRITORY: Co Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES: Monthly Market-based Power Supply Charge:Cents Per Therm Supply Charges: 1. Commodity Charge ................................................................................ $0.10-$1.00 2.Administrative Fee .........................................................................................$0.004 3.PG&E Local Transportation ...........................................................................$0.019 Distribution Charge: 1. Palo Alto Local Distribution ............................................................................ $0.237 D. SPECIALCONDITIONS: Service under this schedule is subject to discontinuance in whole or in part, for operational reasons, or if the City experiences supply or capacity shortages. The City will exercise reasonable diligence and care to furnish and deliver continuous service and a sufficient quantity of gas to customers, but does not guarantee continuity of service or sufficiency of quantity. The City shall not be liable for any damage caused by interruption of service, if the interruption of service is caused by an act of God, Fire, Strikes, riots, war, or ahy other cause that is beyond the City’s control. The commodity charge is equal to the City’s bidweek price of the natural gas paid at the PG&E City Gate for the month immediately preceding the month in which the customer is CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No.G-3-1 dated 1-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-3-1 LARGE COMMERCIAL CORE GAS SERVICE UTILITY RATE SCHEDULE G-3 (Continued) billed. The commodity charge will fall within the minimum/maximum range set forth in C. 1.and include the cost of transporting the gas to the PG&E City Gate. A customer who elects to be served under this rate will pay an administrative fee equal to the allocable administrative costs incurred by the City in providing the gas service. PG&E Local transportation charge is equal to the cost of transporting gas from the PG&E’s City Gate to the Palo Alto City Gate. The total monthly charge = therms used during the month X (commodity charge + administrative fee + PG&E local transportation charge + Palo Alto local distribution charge). A customer may request service under this schedule for more than one account or meter if the accounts are located on one site. A site shall be def’med as one or more utility accounts serving contiguous parcels of land with no intervening public right-of- ways (e.g. streets) and have a common billing address. Customers may request a rate schedule change at any time, but only once during a twelve- month period if the change is between City of Palo Alto full-service rate schedules. The 12 months limitation does not apply if a customer elects a Gas Direct Access rate schedule and is served by another Gas Service Provider. Qualified customers may elect Gas Direct Access at any time. {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. G-3-2 dated "1-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-3-2 LARGE COMMERCIAL CORE GAS TRANSPORTATION SERVICE UTILITY RATE SCHEDULE G-4 A. APPLICABILITY: This schedule applies to gas transportation service for large commercial customers who use at least 250,000 therms per year for one account. B.TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. RATES:Cents Per Therm Supply Charge: PG&E Local Transportation ...........~ ...............................................................i ............$0.019 ."Distribution Charge: Palo Alto Local Distribution .......................................................................................$0.237 SPECIAL CONDITIONS: Qualifying customers may request a change to this rate schedule at any time. Specific terms and conditions shall be covered by separate agreement between the City and Gas Service Provider. PG&E local transportation charge is equal to the cost of transporting natural gas fi’om the PG&E City Gate to Palo Alto City Gate. Customers who elect this service must have the gas delivered to PG&E City Gate. Total monthly charge = therms used x (PG&E local transportation charge + P.A. distribution charge). A customer may request service under this schedule for more than one account or meter if every account meets the minimum usage requirement of 250,000 therms per year. {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No.G-4-1 dated 1-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-4-1 LARGE COMMERCIAL CORE GAS SER~-ICE UTILITY RATE SCHEDULE G-7 A. APPLICABILITY: This schedule applies to service for large commercial customers who use at least 250,000 therms per year at one site. TERRITORY: Within the service area of the City of Palo Alto and on land owned or leased by the City. C.RATES:Per Therm Supply Charges: 1.Commodity Charge ........................................................................................$0.441 2.Administrative Fee ...........................; .............................i ...............................$0.004 3.PG&E Local Transportation ......................................... .............: ....................$0.019 Distribution Charge: 1.Palo Alto Local Distribution ..........................................................................$0.237 D.SPECIAL CONDITION: Service trader this schedule is subject to discontinuance in whole or in part, for operational reasons or if the City experiences supply or capacity shortages. The City will exercise reasonable diligence and care to furnish and deliver continuous service and a sufficient quantity of gas to customers, but does not guarantee continuity of service or sufficiency of quantity. The City shall not be liable for any damage caused by interruption of service, if the interruption of service is caused by an act of God, Fire, Strikes, riots, war, or any other cause that is beyond the City’s control. A customer who elects to be served under this rate will pay an administrative fee equal to the allocable administrative costs incurred by the City in providing the gas service. PG&E Local transportation charge is equal to the cost of transporting gas from the PG&E’s City Gate to the Palo Alto City Gate. CITY OF PALO ALTO UTILITIES ¯ Issued by the City Council Supersedes Sheet No. G-7-1 dated 1-1-01 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-7-1 o LARGE COMMERCIAL CORE GAS SERVICE UTILITY RATE SCHEDULE G-7 (Continued) The total monthly charge = therms used during the month X (commodity charge + administrative fee +.PG&E local transportation charge + Palo Alto local distribution charge). A customer may request service under this schedule for more than one account or meter if the accounts are located on one site. A site shall be defmed as one or more utility accounts serving contiguous parcels of land with no intervening ptiblic right-of- ways (e.g. streets) and have a common billing address. Customers may request a rate schedule change at any time, but only once during a twelve- month period if the change is between City of Palo Alto full-service rate schedules. The 12 months limitation does not apply if a customer elects a Gas Direct Access rate schedule and is served by another Gas Service Provider, or if a customer elects to be served under a term contract. Qualified customers may elect Gas Direct Access at any time. {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. G-7-2 dated 1-1-01 cITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No. G-7-2 COMPRESSED NATURAL GAS sERVICE UTILITY RATE SCHEDULE G-10 A. APPLICABILITY: This schedule applies to the sale of compressed natural gas (CNG) at the City-owned natural gas fueling stations to customer who use CNG for fueling CNG vehicles. B.TERRITORY: Co Applies to locations within the service area of the City of Palo Alto. RATES: Commodity Charge Per Therm $0.800 Per Gasoline Gallon Equivalent $0.930 For billing purposes, the number of gallons will be complied from a Summary of Transactions recorded by the dispensing unit for the customer during the month. D. SPECIAL CONDITIONS o 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 insufficient supply, inadequate transmission or delivery capacity of facilities. Service under this schedule is provided only from a designated City fueling station which will deliver CNG at approximatelY 3,000 pounds per square inch (PSI).. Individuals responsible for fueling a Natural Gas Vehicle shall be required to complete training sessions to be certified to fuel a vehicle. Each individual must sign and date the Certificate of Instruction for Fueling Natural Gas Vehicle. Customers requesting to take service under this rate schedule are required to sign a Compressed Natural Gas Agreement before commencing service. If required by local or federal law, assessed applicable taxes shall be added to charges shown in this rate schedule. {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supercedes Sheet No. G-10-1 dated 4-1-97 CITY OF PALO ALTO UTILITIES Effective 4-1-2001 Sheet No.G-10-1 TO: FROM: UTILITIES ADVISORY COMMISSION uTIITIES DEPARTMENT 3 DATE: SUBJECT: FEBRUARY 14, 200"1 PROPOSED GAS RATE INCREASE RECOMMENDATION This report requests the Utilities Advisory Commission (UAC) recommend that the City Council approvea 25%. percent system average retail gas rate increase effective April 2001, in order to offset higher natural gas costs incurred in FY 00-01. BACKGROUND Natural gas prices Continue an uncharacteristic rise, which began in May 2000, because of nationwide supply.and demand issues. Since May, the wholesale market price of gas has risen approximately 250 percent. This dramatic rise in .the cost to .purchase gas has dramatically altered the financial condition of the Gas Fund. To address these unanticipated costs, staff developed a financial plan to recover the increased gas purchase costs. The financial plan overlaps two fiscal years and includes a series-of rate increases in combination w:ith withdrawal of funds from the Rate Stabilization Reserves (RSR). This plan recognize~. the need to (1) cushion the rate shock of escalating natural gas prices to Palo Alto residents and businesses, (2) recover rising wholesale gas costs and,. (3) use and replenish-cash reserves. The fu:st step to execute this financial plan was taken by the City Council on July 17,.2000. At this meeting a 15 percent retail rate increase was .approved effective August 1, 2000 (CMR.330:00). In addition,. Council approved withdrawals of $3.5 million from the Supply Rate Stabilization Reserve (SRSR) and $1.7 million from the Distribution Rate Stabilization Reserve (DRSR) to partially offset the increased purchase costs. ~On January 1, 2001an additional 25 percent retail rate increase was implemented to cover distribution system costs and notification was provided to our customers that additional gas rate increases would likely be necessary in 2001. Page 1 of 4 DISCUSSION - Current retail rates are insufficient to ~ecover the wholesale cost of gas.. During this fiscal year, the Palo Alto Gas Utility executed supply agreements with.supp!iers to hedge against further price escalations.. Therefore, flarough June 30, 200I, Palo Alto’s Wholesale gas .costs are mostly fixed ,and are subject to variation if the load is different from forecast. Although .these fixed-price supply contracts have helped.to stab’flize Wholesale gas. costs through June 30, 2001, the wholesale gas costs are higher than budgeted for the current fiscal year. To offset these higher than budgeted fixed-price supply costs, retail rates need to be ramped up. Staff recommends a 25 percent retail rate increase effective 4-i-01. If approved by Council, staff projects that the SRSR and the DRSR will end the current fiscal year with estimated balances of $800,000 and $300,000 respectively. ¯ This rate increase has been spread among customer classes based on the system average of 25 percent. However, the Compressed Nature. Gas (CNG) Rate Schedule G-10 will be increased 42.6 percent to recover the cost of purchasing gas. The reason that the CNG rate is higher is that the CNG rate was not increased in August and January. With approval of this rate increase, the CNG rate is approximately 50-percent below PG&E’s CNG rate. The following table shows the impact of this rate proposal on a typical monthly bill for the various .customer.classes. . TABLE 1~ Impact of Rate Increase on Customer Bills Customer Residential/Winter Residential/Winter Residential/Summer Residential/Summer Commercial G-2 Industrial G-2 Industrial G-3 Industrial G-7 Usage Therms 100 150 26 40 500 10,000 60,000 30,~00 Monthly Bill $ 77.78 131.42 .21.75 36.77 400.14 8,002.75 42,075.00 21,037.50 Amountof Increase $15.56 26.28 4.35 7.35 80.03 1,600.55 8,415.00 4,~7.50~ Percent Increase 25.0 25.0 25.0 25.0 25.0 25.0 25.0 25.0 Percent PA. Below PG&E as of 1/5/01 " (56.7) (52.3) (53.0) (49.6) (54.7) (50.7) (54~5) (54.9) Page 2 of 4 Despite the two rate increases of.August 2000 and January 2001, and this proposed April 2001 rate increase~ Palo Alto retail gas rates remain below PG&E gas ra~es in’nearby communities.. The primary reason is because customers of PG&E have already experienced ~[l~the ab.rupt rise in wholesale gas prices this year. PG&E employs an automatic cost pass through mechanism mandated by the California Public Utilities Commission. For PG&E customers, rates change monthly to reflect the actual commodity cost for the .month. This approach has the advantage of automatic cost recovery for the utility, but can result in abrupt. changes in customer bills from month to month. In July 2001, staff plans to propose that the nine large industrial customers who are eligible for Direct Access commit to purchase gas for a defined period. This reduces the risk that the City would be saddled with gas purchase contract obligations that were entered into for large customers. The customer options are the following: (1) Pal0 Alto’s Gas Rate Schedule G-3 whereby the commodity price changes monthly (PG&E approach), or (2) enter into a fixed- term contract with the Palo Alto Gas Utility under .Rate Schedule G-11 or (3) continue service under Rate Schedule G-7, or (4) enter intoa customer contract with the City of Palo Alto Utilities under.Rate Schedule G-12, or (5) elect Direct Access under Rate Schedule G-4 whereby the customer would buy gas from an outside energy supplier. Large customers, who would.like to be included in the Palo Alto’s procurement plans and take advantage of the City’s portfolio management, will need to agree to forfeit their rights to Direct Access. Rate Schedule G-7 will be revised to acknowledge this election requirement. Finally, this proposed 25 percent retail rate increase is sufficient, to completely offset the higher fixed-price supply costs "incurred for this fiscal year., However, projections of the wholesale market indicate that with expiration of the current supply contracts on June 30,. 2001, the Palo Alto Gas Utility. will face even higher wholesale gas costs. Although the Palo Alto G~s Utility is presently in the process of executing f’Lxed-price supply contracts for the next three years, a fourth retail rate increase will be necessary in July 2001 to: (1) offset these higher costs and, (2) replenish the Rate Stabilization Reserves. The magnitude of the increase for July 1, 2001, will be determined during the fiscal year 2001-02 budget process. It is estimated in the range of 25 percent to 45 percent. REsoURcE IMPACT Approval. of this proposed rate increase "will increase the Gas Fund revenues by approximately $800,000 from April 2001 through June 2001. On an annualized basis, the rate adjustment is projected to increase revenues approximately $5.9 million. The adjustment tO the revenues will be done in the midyear report. ..;.. POLICY IMPLICATIONS These recommendations do not represent a change in current City policies. The effective date ofthe proposed rates is April 1, 2001. ENVIRONMENTAL REVIEW The adoptionof the resolution does not constitute a project under the California Environmental Quality Act, therefore, no environmental assessment is required.. ATTACHEMENTS: Gas Rate Schedules, G-l, G-2, G-3, G-4, G-7 and G-10 REVIEWED BY:Girish Balachandran, Manager Supply Resources Randy Baldschun,Assistant Director Of Utilities PREPARED BY: LUCre ~A /- Rates Manager DEPARTMENT HEAD: of Utilities