City of Colorado Springs
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File #: 20-025    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 1/6/2020 In control: City Council
On agenda: 1/28/2020 Final action: 1/28/2020
Title: A resolution setting the Gas Cost Adjustment effective February 1, 2020 Presenter: Scott Shewey, Acting Chief Planning and Finance Officer, Colorado Springs Utilities Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Attachments: 1. 2 - 01-28-2020 CC Mtg-GCA Resolution, 2. 3 - Sheet 2.4 G Rate Table - Redline, 3. 4 - Sheet 2.4 G Rate Table - Final, 4. 5 - GCA Schedule 1, 5. Signed Resolution 6-20.pdf

 

Title

A resolution setting the Gas Cost Adjustment effective
February 1, 2020

 

  Presenter: 

Scott Shewey, Acting Chief Planning and Finance Officer, Colorado Springs Utilities
Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities

 

Body

  Summary:

Colorado Springs Utilities (Utilities) is proposing changes to the Gas Cost Adjustment (GCA) rate effective February 1, 2020.  The proposed GCA rate adjustment changes the current effective rate of $0.1896 per Ccf to a proposed rate of $0.1243 per Ccf. 

 

  Background: 

Utilities performs continuous monitoring of GCA with monthly updates provided to the Utilities Board.

  Previous Council Action:

Enter On October 22, 2019, City Council approved the GCA rate effective November 1, 2019 by Resolution 105-19.

  Financial Implications:

Implementing the proposed rates will impact the respective customer’s Sample Total Monthly Natural Gas bill:
         
                     Residential natural gas bill decrease of $3.92 or 10.8%
                     Commercial natural gas bill decrease of $80.97 or 16.1%
                     Industrial natural gas bill decrease of $809.72 or 16.8%

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Move adoption of the proposed resolution.

 

Summary of Ordinance Language

N/A