GAS RATES
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CITY OF CLEARWATER.
Interoffice Correspondence Sheet
TO:
Michael J. Wright, City Manager
Chuck Warrington, Gas System Managing Director ~
FROM:
COPIES:
Dan Deignan, Asst. DOAS Director; Karen Miles, Accounting Manager;
Carole Greiner, Customer Support Manager; Terry Neenan, Gas Superintendent
SUBJECf:
GAS RATFS
DATE:
October 16, 1992
Attached is Finance Division's recomputation of our gas rates for October 15th - November
14th. We are recommending an increase of 8 cents per therm this month (10.8% on the General
class) due principally to Florida Gas Transmission's commodity rates increasing by another
24.5% this month.
FGT has blamed their 44.5% (1O.2C/therm) increase over the past two months on Hurricane
Andrew's impact on the gulf platforms which disabled 5 % of the nation~s natura.! gas supply
coupled with an unusually high demand for natural gas due to late filling of storage fields this
Fall as a result of the late Spring cald snap which depleted same. In fact, we have seen the
price of our purchased spot market gas rise by 8.1 cents per therm in the past two months.
Regrettably, Hurricane Andrew's impact on the offshore Gulf platforms has impacted the cost
of gas in a period when we normally see prices rising anyway due to the increase in demand for
natural gas as winter approaches even if storage field demand were not impacting the situation.
We are working on either a bill message or insert to communicate the reason for this increase
to our customers.
Your approval of this increase in our rates would be appreciated. Please return this to me for
f1le.
CSW/sh
Attachment
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To: Carole Greiner, utilities Accounts Manager
Please Reset Gas Rates as Shown for: :October- 1992
Original Calc
Fixed Cost Per
Therm (FCPT)
October
November
December
January
February
March
April
May
June
July
August
September
WPPS
Total orig Est
Monthly Times
Therms Est Cost
Reserved Per Therm
2323760
2466180
2548386
2548386
2301768
2548386
3066180
1442151
1395630
1442151
1442151
1395630
600000
25520759
--------
--------
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
4.752
Est
Total
Cost
73617
78129
80733
80733
72920
80733
97137
45687
44214
45687
45687
44214
28512
RATES3
Est of Est Cost
Thrms to Per Thrm
Be Sold Sold
1030000
1160000
1470000
1650000
1430000
1380000
1160000
1020000
900000
900000
900000
900000
818003 13900000
------ --------
------ --------
Less: Revenue FYTD
Fiscal YTD Actual: Reservtn Cst/Thrm Tot Cst Thrms Sold
Subsequent Months
October
November
December
January
February
March
April
May
June
July
August
September
WPPS
Forecast:
2323760
2466180
2548386
2548386
2301768
2548386
3066180
1442151
1395630
1442151
1442151
1395630
600000
Estimated FY Total 25520759
Rate Class
General Gas (G)
Interruptible (I)
Trans (FTS & ITS)
--------
--------
Gross
Margin
43.033
24.014
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
3.168
4.752
73617
78129
80733
80733
72920
80733
97137
45687
44214
45687
45687
44214
28512
1030000
1160000
1470000
1650000
1430000
1380000
1160000
1020000
900000
900000
900000
900000
818003 13900000
------ --------
------ --------
Plus Plus FGT
FCPT Var Chg
5.885 33.185
5.885 33.185
Rate Analysis Prepared
Rates Recommended By:
Rates Approved By:
Calc
Rate
82.103
63.084
7.147
6.735
5.492
4.893
5.099
5.850
8.374
4.479
4.913
5.076
5.076
4.913
5.885
-----
-----
14-0ct
02:17 PM
Est Rev
At Orig
FCPT
60616
68266
86510
97103
84156
81213
68266
60027
52965
52965
52965
52965
818017
FCPT Revenue
------
------
-----
-----
5.885 New FCPT
Last
Recmnd Month
Rate Rec Rate
82.00
63.00
N/C
Date: fC) ,,+ 'rJ'
g:~:; ~~~~-
74.000
55.000