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File #: 22-576    Version: Name:
Type: Resolution Status: Mayor's Office
File created: 8/24/2022 In control: City Council
On agenda: 9/27/2022 Final action: 9/27/2022
Title: A Resolution Setting the Gas Cost Adjustment Effective October 1, 2022 Presenter: Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities Scott Shirola, Pricing and Rates Manager, Colorado Springs Utilities Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Attachments: 1. 09-27-2022 CC Mtg-GCA Resolution, 2. G Sheet 2.4 Rate Tbl - 19th Revised - Redline, 3. G Sheet 2.4 Rate Tbl - 19th Revised - Final, 4. GCA Schedule 1, 5. 09-26-2022 CC ECA-GCA, 6. 09-27-2022 CC ECA-GCA, 7. Signed Resolution No. 137-22

 

Title

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

 

  Presenter: 

Tristan Gearhart, Chief Planning and Finance Officer, Colorado Springs Utilities
Scott Shirola, Pricing and Rates Manager, Colorado Springs Utilities
Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities

 

Body

  Summary:

Colorado Springs Utilities (Utilities) is proposing a change to the Gas Cost Adjustment (GCA) rate effective October 1, 2022.  The proposed GCA rate adjustment changes the current effective rate of $0.7117 per Ccf to the proposed rate of $0.7775 per Ccf.

 

  Background: 

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

  Previous Council Action:

On June 28, 2022, City Council approved the GCA rate of $0.7117 per Ccf by Resolution 84-22.

 

  Financial Implications:

Implementing the proposed rates will impact the respective customer’s Sample Total Monthly Natural Gas bill:
                               Residential natural gas bill increase of $3.95 or 5.7%
                     Commercial natural gas bill increase of $81.59 or 6.8%
                     Industrial natural gas bill increase of $815.92 or 6.9%

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Move approval of the Resolution.

 

Summary of Ordinance Language

N/A



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