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HomeMy WebLinkAboutOrdinance 12075 ORDINANCE N0. ~~~ ATTACHMENT A r AN ORDINANCE REGULATING THE RATES AND CHARGES OF ALL PERSONS, FIRMS, CORPORATIONS OR ASSOCIATIONS OF PERSONS ENGAGED IN THE BUSINESS OF FURNISHING, DISTRIBUTING, OR DELIVERING NATURAL GAS TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN THE CITY OF FORT WORTH, TEXAS; REPEALING ORDINANCE NO. 10849; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on April 19, 1995, Lone Star Gas Company made application for an increase in Residential and Commercial gas rates designed to produce additional revenues of $6,634,762 from its Fort Worth Distribution System consumers, including $4,'83.9,230 from .' customers in the City of Fort Worth; and WHEREAS, a public hearing has been held on this application of Lone Star Gas Company, at which all interested parties were given a full opportunity to be heard on the requested rate increase; and WHEREAS, the hearing on said rate increase application has now been concluded and closed and the City Council has duly considered all matters presented to it; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the City Council of the City of Fort Worth, in the exercise of its sound legislative discretion, finds the following facts to be established: 2 a. That Lone Star Gas Company's distribution properties used and useful in serving the consumers in the Fort Worth Distribution System comprise an Invested Capital Rate Base of $56,254,055 and an Adjusted Value Base Rate of $85, 013, 704. b. That Lone Star Gas Company is entitled to a 8.860 rate of return on its Invested Capital Rate Base and a 5.87 rate of return on its Adjusted Value Rate Base; and that said rates of return are fair, reasonable and just under the facts and circumstances presented; c. That Lone Star Gas Company requires a net operating income of $4,984,109 on revenues from residential and commercial gas sales and service of $96,101,197 to achieve the foregoing fair rates of return. d. That the rates hereinafter fixed are determined to be fair, just and reasonable; and that all previously - adopted rates and charges for gas service to residential and commercial customers in the City of Fort Worth should be and are hereby repealed effective September 1, 1995. SECTION 2. That for all gas billed on and after September 1, 1995, all persons, firms, corporations or associations of persons engaged in the business of furnishing, distributing or delivering natural gas to residential and commercial consumers in the City of Fort Worth are hereby authorized to charge for their product and service in accordance with the following schedules: A. Rasidentia~ and omm rcial Rate The following rates are the maximum applicable to residential and commercial consumers per meter per month or for any part of a month for which gas service is available at the same location. -2- 1. Customer Charge $8.00 All Consumption @ $5.3868 Per Mcf B. 2;. Residential• An off-peak sales discount of $.25 per Mcf will apply to residential customers' volume purchased in excess of 8 Mcf for each of the billing months May through October. If the service period is less than 28 days i.n a month, the customer charge is $0.2857 times the number of days` service. Commercial• Customer Charge First 20 Mcf @ Next 30 Mcf @ Over 50 Mcf @ $14.00 5.5750 Per Mcf 5.2'750 Per Mcf 5.1250 Per Mcf If the service period is less than 28 days in a month, the customer charge is $0.5000 times the number of days' service. Gas Cost .Adjustment Each monthly bill at the above rates shall be adjusted for gas cost as follows: 1. The City gate rate increase or decrease applicable to current billing month residential and commercial sales shall be estimated to the nearest $0.0001 per Mcf based upon: a) A volume factor of 1.0301 determined in establishing the above rates for the distribution system as the ratio of adjusted purchased volumes divided by adjusted sales volumes. b) The City gate rate estimated to be applicable to volumes purchased during the current calendar month, expressed to the nearest $0.0001 per Mcf (shown below as "Re"). 2. Correction of the estimated adjustment determined by Item B 1. above shall be included as part of the adjustment for the second following billing month. The correcting -3- factor (shown below as "C") shall be expressed to the nearest $0.0001 per Mcf based upon: a) The corrected adjustment amount based upon the actual City gate rate, less b) The estimated adjustment amount billed under Item B 1, above, divided by c) Distribution system residential and commercial sales Mcf recorded on the Company's books during the prior year for the month that the correction is included as part of the adjustment. 3. The adjustment determined by Item B 1. and Item B 2. above shall be multiplied by a tax factor of 1.06146 to include street and alley rental and state occupation tax due to increasing Company revenues under this gas cost adjustment provision.. In summary, the gas cost adjustment (GCA) shall be determined to the nearest $0.0001 per Mcf by Item B 1., Item B 2., and Item B 3. as follows: GCA = [Item B 1. + Item B 2.] X Item B 3. GCA = [(1.0301) (Re - $4.0200) + C] X 1.06146 C. Weather Normalization Adjustment The Weather Normalization Adjustment clause authorized in the rate ordinance dated August 4, 1992 will continue in effect as follows: Effective with bills rendered during the October 1995 through Mary 1996 billing months, and annually thereafter for the October through May billing months, the above residential and commercial consumption rates for gas service, as adjusted, will be subject to a weather normalization adjustment each billing cycle to reflect the impact of variations in the actual heating degree days during the period included in the billing cycle from the normal level of heating degree days during the period included in the billing cycle. The weather normalization adjustment will be implemented on a per Mcf basis and will be applicable to the heating load of each customer during the period included in the billing cycle. It will be determined separately for residential and commercial customers based on heating degree data recorded by the D/FW Airport weather station. The adjustment to be made for each -4- billing cycle will be calculated according to the following formula: D. E. WNA=NDD- ADDxMxAHL ADD Where: WNA = Weather normalization adjustment NDD = Normal heating degree days during the period covered by the billing cycle ADD = Actual heating degree days during the period covered by the billing cycle M = Weighte d average margin per Mcf included in the commodity portion of the rates effecti ve during the October through May billing months AHL - Actual heating load per customer The heating load to which the weather normalization adjustment is to be applied for residential customers is determined by subtracting the residential class base load from the total volume being billed to the customer. The heating load to which the weather normalization adjustment is to be applied for commercial customers is determined by subtracting the base load for the customer from the total volume being billed to the customer. The base load of a customer is the average level of nonheating consumption. The weather normalization adjustment is subject to a 50$ limitation factor based on temperatures being fifty percent warmer or colder than normal. The weather normalization adjustment will be calculated to the nearest $.0001 per Mcf. Tax Adjustment The tax adjustment shall be an amount equivalent to the proportionate part of any new tax, or increased tax, or any other governmental imposition, rental, fee or charge (except state, county, city and special district ad valorem taxes and taxes or net income) levied, assessed or imposed subsequent to July 1, 1994, upon or allocable to the Company's distribution operations, by any new or amended law, ordinance or contract. Rate Case Expense It is the intention of Lone Star Gas Company to recover the current and any unrecovered prior rate case expense through a surcharge designed for a six-month nominal recovery period. The surcharge per Mcf would be calculated by dividing the rate case expense to be recovered by one-half of the adjusted -5- annual sales volume to residential and commercial customers. When a surcharge is applicable, monthly status reports will be provided to account for the collections. F. Special Provisions and Adjustments 1. Bills are due and payable when rendered and if not paid within 15 days of the date shown on the bill as the "present meter reading" date or the "for service through" date, subjects the customers to immediate termination of gas service unless they have made other payment arrangements with the Company. Provision of service is subject to the following schedule of charges: 2. In addition to the charges and rates set out above, the Company shall charge and collect the sum of: Schedule Charge 8 a.m. to 5 p.m. Monday through Friday $27.50 Night, week-end and holiday $41.25 as a connection charge for the initial inauguration of gas service, for each inauguration of service when the billable party has changed and for each reconnection of gas service where service has been discontinued at the same premises for any reason, with the following exceptions: a) For a builder who uses gas temporarily during construction or for display purposes. b) Whenever gas service has been temporarily interrupted because of system outage, or service work done by Company; or c) For any reason deemed necessary for Company operations. A returned check handling charge of $13.75 will be made for each check returned to the Company for any reason. 3. 4. A charge of $9.50 shall be made for each trip by a Company employee to a customer's residence or place of business when there is an amount owed to the Company that is past due. This charge shall not be made when the trip -6- is required for safety investigations or when gas service has been temporarily interrupted because of system outage or service work done by Company. SECTION 3. For the purpose of assuring rates to be charged by Lone Star Gas Company which are just and reasonable to the consumers of natural gas within the corporate limits of the City of Fort worth as well as Company, City reserves unto itself the right and privilege at any time to increase, decrease, alter, change or amend this ordinance or the rates herein established and provided for, or to enact any ordinance or adopt any such rates which would effectuate such purpose. In so doing, City further reserves unto itself the right and privilege of exercising any power granted it under statutory law, administrative rule or regulations or otherwise. SECTION 4. Lone Star Gas Company shall pay all reasonable rate case expenses to the City of Fort Worth, Texas, not to exceed $26, 000.00. SECTION 5. If any section, subsection, sentence, clause, phrase or portion of this ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such shall be deemed a separate, district and independent provision and such -7- holding shall not affect the validity of the remaining portions thereof. SECTION 6. All ordinances or parts of ordinances in conflict with this ordinance are hereby repealed. SECTION 7. That this ordinance shall take effect on September 1, 1995 and it is so ordained. 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5 6267 5 38680 5 2020 - - 25 25 25 12 00 14 00 14 00 5 4478 5 5749 5 5750 5 1478 5 2749 5 2750 4 9978 5 1249 5 1250 * An off-peak sales discount will apply to residential customers' volume purchases in excess of 8 Mcf for each of the billing months May through October A bill comparison using current, proposed and recommended residential and commercial rates is attached (Attachment B) Lone Star Gas Company has also requested increases in miscellaneous charges as shown below ' From To Connection Charge 8 a m to 5 p m Monday through Friday S25 00 S27 50 Nights, Weekends and Holidays 40 00 41 25 Returned Check Charge 7 50 13 75 Collection Charge (per trip) S 7 00 S 9 50 City of Fort Worth, Texas Mayor and Council Communication s DATE 08/08/95 REFERENCE NUMBER G-11188 LOG NAME 12RATES PAGE 3 of 3 SUBJECT LONE STAR GAS COMPANY REQUEST FOR INCREASE IN LOCAL RATES The consultant concurs that these increases are fair and reasonable CB a Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by• (to) APPROVED Charles Boswell $500 CITY COUNCIL Originating Department Head auG ~~ 1~~5 Wade Adkins 7623 (from) l Gc~,tJ ~ii.a~i~t-il./ For Additional Information City Socretarp of the City of Fort Worth,?exaa Contact: Danny Reed 6798