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File #: 22-036    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 12/29/2021 In control: City Council
On agenda: 1/25/2022 Final action: 1/25/2022
Title: A Resolution Setting the Gas Cost Adjustment Effective February 1, 2022 Presenter: Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Attachments: 1. 01-25-2022 CC Mtg-GCA Resolution, 2. G Sheet 2.4 Rate Tbl - Redline, 3. G Sheet 2.4 Rate Tbl - Final, 4. GCA Schedule 1, 5. 01-25-2022 CC ECA-GCA, 6. Signed Resolution 13-22

  Title

A Resolution Setting the Gas Cost Adjustment Effective February 1, 2022

 

  Presenter: 

Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities
Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities

 

  Summary:

Colorado Springs Utilities (Utilities) is proposing a change to the Gas Cost Adjustment (GCA) rate effective February 1, 2022.  The proposed GCA rate adjustment changes the current effective rate of $0.8130 per Ccf to the proposed rate of $0.6928 per Ccf.

 

  Background: 

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

  Previous Council Action:

On November 9, 2021, City Council approved the GCA rate of $0.8130 per Ccf by Resolution 159-21.

 

  Financial Implications:

Implementing the proposed rates will impact the respective customer’s Sample Total Monthly Natural Gas bill:
                               Residential natural gas bill decrease of $7.21 or 9.6%
                     Commercial natural gas bill decrease of $149.05 or 11.2%
                     Industrial natural gas bill decrease of $1,490.48 or 11.4%

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

  Proposed Motion:

Move adoption of the proposed resolution.

 

  Summary of Ordinance Language

N/A



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