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GAS ADJUSTMENTS EFFECTIVE APRIL 1, 2004
CLEARWA TER GAS SYSTEM Interoffice Correspondence Sheet RECEIVED APR 0 1 2004 TO: FROM: William B. Horne II, City Manager ; \ Chuck Warrington, Managing Director ~ OFFICIAL RECORDS AND LEGISlATIVE SRVCS DEPT COPIES: Garry Brumback, Assistant City Manager; Cyndie Goudeau, City Clerk; CGS & CCS Management Teams; Janet Dorrough, Sr. Accountant/CGS; Tom Madley, Sr. Accountant/CCS; Laura Damico, Sr. Accountant/CCS SUBJECT: GAS ADJUSTMENTS EFFECTIVE APRIL 1, 2004 DATE: March 31, 2004 World energy prices are still somewhat volatile but have not risen appreciably. The bad news is they haven't dropped. Therefore, we are proposing no change in our Natural and Propane (LP) Gas Purchased Gas Adjustments (PGA) for April. We are also not recommending any change in our Energy Conservation Adjustment (ECA) nor our Environmental Imposition Adjustment (EIA) at this time. Finally, our Weather Normalization Adjustment (WNA) will not be applicable this year, as the number of Heating Degree Days was near normal. Our current NG therm rate is still 16% below the winter of 2001 when rates spiked historically, but the LP rate is about the same as this peak. Therefore, we are recommending your approval of the following rates to become effective for billings rendered on and after April 1, 2004: Natural Gas Firm Standard Rate Schedule PGA ....... $0.890 per therm (no change) Natural Gas Interruptible and Contract (Non-Standard) Rate Schedule PGA ............. $0.820 per therm (no change) Propane (LP) Gas Rate Schedule PGA .................... $0.990 per gallon (no change) = $1 .082 per therm equivalent (no change) Energy Conservation Adjustment (ECA) ............... $0.120 per therm (no change) & $0.120 per gallon of LP (no change) Environmental Imposition Adjustment (EIA) ......... $0.000 per therm (no change) and $0.000 per gallon of LP (no change) Weather Normalization Adjustment (WNA) .......... $0.000 per therm (no change) & $0.000 per gallon of LP (no change) :J / ~ /(~):;J ,0 :3 William B. Horne II, City Manager Page 2 March 31, 2004 Attachment #1 shows the current status of our Adjustment Recovery Clause balances with actuals thru February and projections thru the end of the fiscal year. These show that we are currently $2.9 Million behind on our collections and are attempting to recover about 70% of this by the end of the fiscal year. It is important to our overall financials for FY 03/04 that we bring this closer to balance by our Fiscal Year End, and our recommended recovery factors are based on this. Attachments #2 and #3 show the impact of these adjustment clause changes on our overall Natural and LP Gas rates, respectively. Finally, Attachment #4 shows the history of our Residential rates and the adjustments back to October 2000. I should point out that the overall effect is that our tvpical Residential customer rates are still 39% lower than electric for Natural Gas and 20% lower for LP. This is based on the rate increase that Progress Energy got approved from the Florida Public Service Commission for January, as they are experiencing similar fuel supply increases. It is our plan to use the above-proposed adjustments for billings through September 30, 2004, unless there is a significant change in our forecasts or we project a significant over/under recovery of our adjustment clauses. We will continue to track these balances monthly, make monthly projections of these factors based on market conditions, and let you know if any of these get significantly out of balance. Bill, I would appreciate your approval of these revised adjustment rates so we can get this information to CCS in order to make the appropriate adjustments in the billing formulas in time for the January 1 st billings. If you have any questions on this, please call me. CSW/csw Attachmen~ Approved: ~~::zr illiam B. Horne II, City Manager U:\My Documents\Word\GASRATES\FY 03-04\Gas Adjustments for April 2004.doc CLEARWATER GAS SYSTEM Attachment #1 SUMMARY OF RATE ADJUSTMENT CLAUSE COLLECTIONS Page 1 of 3 , . . NATURAL GAS PURCHASED GAS ADJUSTMENT IPGA-NG) Monthly Cumulative NG PGA Budget Reservation Commodity Interest Cost Center Total NG Fuel Total NG PGA Overage YTD Overage RatefTherm Month Charges Charges Expense Expenses Expenses Billed IShortage) (Shortage) Firm/Contr Prior Year $(1,819,606,17) Oct-03 $ 1,559,299.48 $ 711,235.99 $ 9,098.03 $ 28,076.77 1 $ 2,307,710.27 $ 1,029,841,27 $(1,277,869,00) $(3,097,475.17) ,850/.780 Nov-03 $ 147,692,22 $ 737,964.17 $ 15,487.38 $ 25,048.97 $ 926,192,74 $ 1,074,868,29 $ 148,675,55 $(2,948,799.62) ,850/.780 Dec-03 $ 158,575,65 $ 1,084,120.86 $ 14,744.00 $ 45,547,30 $ 1,302,987.81 $ 1,493,501.94 $ 190,514,13 $12,758,285.49) ,850/.780 Jan-04 $ 161,503,19 $ 1,384,925.45 $ 13,791.43 $ 34,544.03 $ 1,594,764.10 $ 1,818,976.71 $ 224,212,61 $(2,534,072,88) .890/,820 Feb-04 $ 150,738.91 $ 1,361,424.84 $ 12,670.36 $ 24,298.45 $ 1,549,132.56 $ 1,739,980.14 $ 190,847,58 $(2,343,225,30) ,890/.820 Mar-04 $ 157,000.00 $ 1,300,000.00 $ 11,250,00 $ 30,000.00 $ 1,498,250.00 $ 1,742,008.00 $ 243,758.00 $(2,099,467,30) ,890/.820 Aor-04 $ 120,000.00 $ 1,000,000,00 $ 10,000,00 $ 30,000,00 $ 1,160,000,00 $ 1,533,892,00 $ 373,892.00 $(1,725,575,30) ,890/.820 May-04 $ 79,000,00 $ 850,000,00 $ 8,000,00 $ 30,000;00 $ 967,000.00 $ 1,264,112,00 $ 297,112.00 $(1,428,463,30) .890/,820 Jun-04 $ 66,000,00 $ 750,000.00 $ 6,000.00 $ 30,000.00 $ 852,000.00 $ 1,187,032.00 $ 335,032.00 $(1,093,431,30) ,890/.820 Jul-04 $ 68,000,00 $ 700,000.00 $ 4,000.00 $ 30,000.00 $ 802,000.00 $ 1,148,492,00 $ 346,492.00 $ (746,939.30) ,890/.820 AUQ-04 $ 68,000.00 $ 700,000.00 $ 2,000.00 $ 30,000.00 $ 800,000.00 $ 1,156,200,00 $ 356,200.00 $ (390,739,30) ,890/.820 Sep-04 $ 70,000.00 $ 700,000.00 $ - $ 30,000.00 $ 800,000.00 $ 1,156,200,00 $ 356,200.00 $ (34,539.30) .890/.820 Period 13 - 9 893,440,50 $ 1893,440,50) $ 1927,979,79) - Total YTD $ 2,805,809.45 $ 11,279,671.31 $107,041.20 $ 367,515,52 15,453,477.97 16,345,104.35 891,626.38 (1 ) Includes annual charge for Admin and CCS chg of $1,429,480 (9) - Transfer of ECA Collected in PGA@ 1/2 of the ECA Rate ING ProDortion) (1 ) FY 02/03 WNA write off of $226.33, PGA of $16,179.26 I I PROPANE llP\ GAS PURCHASED GAS ADJUSTMENT fPGA-LP) Monthly Cumulative LP PGA Budget Gallons Monthly Interest Commodity Total LP Fuel Total LP PGA Overage YTD Overage ThennlGal. Month Sold WACOG Expense Charges Expenses Billed (Shortage) (Shortage) Prior Year $ (27,667,21 ) Oct-03 34,127.3 $ 0,64148 $ 138.34 $ 21,891.98 1 $ 100,840,31 $ 31,868.22 $ (68,972.09) $ (96,639.30) 1,017/,930 Nov-03 31,866,2 $ 0.65759 $ 483,20 $ 20,954.89 $ 21,438.09 $ 29,636,36 $ 8,198,27 $ (88,441,03) 1,017/.930 Dec-03 61,823.0 $ 0.66842 $ 442.21 $ 41,323,73 $ 41,765,94 $ 57,503,58 $ 15,737.64 $ (72,703,39) 1,0171.930 Jan-04 57,240.8 $ 0,71719 $ 363.52 $ 41,052,53 $ 41,416,05 $ 55,699,62 $ 14,283,57 $ (58,419,82) 1,082/,990 Feb-04 51,762.0 $ 0,73727 $ 292,10 $ 38,162,57 $ 38,454,67 $ 51,176.51 $ 12,721,84 $ (45,697,98) 1.082/,990 Mar-04 60,000.0 $ 0,77000 $ 225,00 $ 46,200,00 $ 46,425.00 $ 58,200.00 $ 11,775,00 $ (33,922,98) 1,082/,990 Apr-04 53,000,0 $ 0,77000 $ 150,00 $ 40,810,00 $ 40,960.00 $ 51,410,00 $ 10,450,00 $ (23,472.98) 1,082/,990 May-04 47,000,0 $ 0,77000 $ 75,00 $ 36,190.00 $ 36,265,00 $ 45,590,00 $ 9,325.00 $ (14,147,98) 1.082/,990 Jun-04 43,000.0 $ 0.77000 $ - $ 33,110,00 $ 33,110,00 $ 41,710,00 $ 8,600,00 $ (5,547.98) 1.082/.990 Jul-04 41,000.0 $ 0,77000 $ - $ 31,570.00 $ 31,570.00 $ 39,770.00 $ 8,200.00 $ 2,652.02 1,082/,990 Aug-04 33,000,0 $ 0.77000 $ - $ 25,410.00 $ 25,410.00 $ 32,010.00 $ 6,600,00 $ 9,252,02 1,082/.990 Sep-04 33,000.0 $ 0,77000 $ - $ 25,410,00 $ 25,410,00 $ 32,010,00 $ 6,600,00 $ 15,852,02 1.082/,990 Period 13 9 $ 22,908,73 $ - $ 122,908,73 $ 17,056,71 Total YTD 546,819,3 $ 0.73532 $ 2,169,36 $ 402,085.70 # $ 505,973.79 $ 526,584,29 $ 20,610,50 Cost Center Exoenses CCS Chg & Admin $ 62,000,00 1 (9) - Transfer of ECA Collected in PGA @ 1/2 of ECA Rate (LP Prop,) FY 02/03 Write off PGA $ 1,650.99 1 .. Fuel $ 15,000.00 1 PC Anywhere $ 159,00 1 Total $ 78,809.99 I I Attachment #1 I I Page 2 of 3 ENERGY CONSERVATION ADJUSTMENT lECA) Monthly Cumulative ECA Budget Cost Center Interest Total ECA Total ECA Overage YTD Overage NGlTherm Month Expenses Notes/Exceptionalltems Expense Expenses Billed (Shortage) lShortage) LP/Gal. Prior Year $ - Oct-03 $ 685,229.77 Promo$28,789,Adv $0, Employ Costs$62,117 $ - 1 $ 685,229.77 $ 60,398,24 $ (624,831.53) $ (624,831,53) .1001,100 Nov-03 $ 69,454.73 Promo$19,911,Adv $1,620, Employ Costs$47,923 $ 3,124.16 $ 72,578,89 $ 62,044.66 $ (10,534.23) $ (635,365,76) ,1001.100 Dec-03 $ 76,740,91 Promo$32,277,Adv $1.460, Employ Costs$43,004 $ 3,176,83 $ 79,917.74 $ 97,804.67 $ 17,886.93 $ (617,478.83) ,1001,100 Jan-04 $ 94,068.30 Promo$28, 179,Adv $1,328, Employ CostS$G4,S61 $ 3,087,39 $ 97,155.69 $ 139,443,04 $ 42,287.35 $ (575,191.48) ,1201.120 Feb-04 $ 141,600,16 Promo$72,187,Adv $1,893, Employ Costs$47,608 $ 2,875.96 $ 144,476.12 $ 129,246.37 $ (15,229,75) $ (590,421,23) ,1201,120 Mar-04 $ 140,000,00 $ 3,900.00 $ 143,900,00 $ 130,848.00 $ (13,052.00) $ (603,473,23) ,1201,120 Apr-04 $ 140,000.00 $ 4,300,00 $ 144,300,00 $ 115,225.20 $ (29,074.80) $ (632,548,03) .1201.120 May-04 $ 140,000,00 $ 4,700.00 $ 144,700.00 $ 95,146.80 $ (49,553,20) $ (682,101.23) .1201,120 Jun-04 $ 140,000.00 $ 5,100.00 $ 145,100,00 $ 89,281.20 $ (55,818.80 $ (737,920.03) ,1201,120 Jul-Q4 $ 140,000,00 $ 5,500.00 $ 145,500.00 $ 86,348.40 $ (59,151.60) $ (797,071.63) .120/.120 Aug-04 $ 140,000,00 $ 5,900.00 $ 145,900.00 $ 86,461,20 $ (59,438.80) $ (856,510.43) ,120/.120 Sep-04 $ 140,000.00 $ 6,300.00 $ 146,300.00 $ 86,461.20 $ (59,838.80) $ (916,349,23) ,120/.120 Period 13 9 916,349.23 $ 916,349.23 $ - Total YTD $ 2,047,093.87 $ 47,964.34 2,095,058.21 2,095,058.21 - (1 ) Includes annual charae for Admin and CCS chg of $163,020 + FY 02103 Write-off of $2,841.95 (9 = Transfer of ECA Collected in PGA @ 1/2 of the ECA Rate (up to ECA Annual Shortfall) + Service Order charges of $428,461,86 Note: Maximum amount which can be collected her $ 2,528,637.05 ENVIRONMENTAL IMPOSITION ADJUSTMENT tElA) Monthly Cumulative EIA Budget Cost Center Interest Total EIA Total EIA Overage YTD Overage NGlTherm Month Expenses Notes/Exceptionalltems Expense Expenses Billed (Shortage) (Shortage) LP/Gal. Prior Year $ 176,349,01 Oct-03 $ 14,303,84 $ - 1 $ 14,303.84 $ - $ (14,303,84) $ 162,045,17 ,000/.000 Nov-03 $ 472,00 $ - $ 472,00 $ - $ (472.00) $ 161,573,17 ,000/,000 Dee-03 $ 8,464,00 $ - $ 8,464.00 $ - $ (8,464,00 $ 153,109.17 ,0001.000 Jan-04 $ 472.00 $ - $ 472.00 $ - $ (472.00 $ 152,637.17 .000/.000 Feb-04 $ 63,466.34 $ - $ 63,466.34 $ - $ (63,466,34) $ 89,170,83 ,000/,000 Mar-04 $ 10,000,00 $ - $ 10,000.00 $ - $ (10,000,00) $ 79,170.83 ,000/.000 Apr-04 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000,00 $ 69,170,83 ,0001,000 May-04 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 59,170.83 .0001.000 Jun-04 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000,00 $ 49,170.83 ,000/,000 Jul-04 $ 10,000,00 $ - $ 10,000.00 $ - $ (10,000,00) $ 39,170,83 .0001,000 Aug-04 $ 10,000.00 $ - $ 10,000.00 $ - $ (10,000.00) $ 29,170,83 .000/.000 Sep-04 $ 10,000,00 $ - $ 10,000.00 $ - $ (10,000.00) $ 19,170.83 .0001.000 Period 13 $ - - $ - $ 19,170.83 Total YTD $ 157,178.18 $ - $ 157,178,18 $ - $ (157,178,18) (1 ) Includes annual charges for Admin Charge $10,000 + FY 02103 Write-off of $3.12 Attachment #1 Page 3 of3 TOTAL ALL COST RECOVERY ADJUSTMENT CLAUSES (Both PGAs+ ECA + EIA) I Monthly Cumulative Total Budget Total All Total Recovery Overage YTD Overage NGlTherm-Firm Month Expenses Billed (Shortage) (Shortage) LP/Gallon Prior Year $(1,670,924.37) Oet-03 1 $ 3,108,084.19 $ 1,122,107.73 $(1,985,976.46) $(3,656,900,83) .950/1.03 Nov-03 $ 1,020,681.71 $ 1,166,549,31 $ 145,867.60 $(3,511,033,23) .950/1.03 Dee-03 $ 1,433,135,49 $ 1,648,810.19 $ 215,674,70 $ 3,295,358,53) ,950/1,03 Jan-04 $ 1,733,807.84 $ 2,014,119.37 $ 280,311.53 $ 3,015,047,00) 1.010/1.110 Feb-04 $ 1,795,529,69 $ 1,920,403.02 $ 124,873.33 $ 2,890,173.67) 1.010/1.110 Mar-04 $ 1,698,575.00 $ 1,931,056.00 $ 232,481,00 $ 2,657,692.67) 1.010/1.110 Apr-04 $ 1,355,260,00 $ 1,700,527.20 $ 345,267.20 $ 2,312,425.47) 1.010/1.110 May-04 $ 1,157,965.00 $ 1,404,848.80 $ 246,883,80 $(2,065,541.67) 1.010/1.110 Jun-04 $ 1,040,210.00 $ 1,318,023.20 $ 277,813.20 $1,787,728,47) 1.010/1.110 Jul-Q4 $ 989,070.00 $ 1,274,610.40 $ 285,540,40 $ 1,502,188.07) 1.010/1.110 Aug-04 $ 981,310,00 $ 1,274,671.20 $ 293,361,20 :Ii 1,208,826,87) 1.010/1.110 Sep-Q4 $ 981,710.00 $ 1,274,671.20 $ 292,961.20 $ (915,865.67) 1.010/1.110 Period 13 $ 916,349.23 $ 916,349,23 $ - $ (915,865.67 Total YTD $ 18,211,688.15 $ 18,966,746.85 $ 755,058,70 (1) Includes Admin. & CCS Charges of $1,664,500 + Write-off Charges of $20,901,65 + Fuel of $15,000 + Service Order Charges of $428,461.86 + Other $159.00 = $2,129,022.51 Total WEATHER NORMALIZATION IWNA\ Monthly Cumulative WNA Budget Interest Overage YTD Overage NGlTherm Month LP Gallons Expense Rate/Gallon NG Therms RatelTherm (Shortage) (Shortage) LP/Gal Beg, Bal. $ - Oet-03 34,127,3 $ - $ - 1 1,429,952,1 - $ - $ - ,000/.000 Nov-03 31,866.2 $ - $ - 1,484,615.3 - $ - $ - ,000/,000 Dee-03 61,823.0 $ - $ - 2,007,739,0 - $ (0.80) $ {0.80 ,000/.000 Jan-04 57,240,8 $ - $ - 2,337,912.0 - $ (0.42) $ ( 1,22) ,0001.000 Feb-04 51,762,0 $ - $ - 2,261,111.0 - $ - $ ( 1.22) ,0001,000 Mar-04 60,000.0 $ - $ - 2,260,000,0 - $ - $ (1.22 ,0001.000 Apr-04 53,000.0 $ - $ - 1,990,000.0 - $ - $ 1,22) ,0001,000 May-04 47,000.0 $ - $ - 1,640,000.0 - $ - $ 1.22 ,QOO/.OOO Jun-04 43,000,0 $ - $ - 1,540,000.0 - $ - $ 1,22 .0001.000 Jul-04 41,000.0 $ - $ - 1,490,000,0 - $ - $ {1.22 ,0001.000 Aug-04 33,000.0 $ - $ - 1,500,000.0 - $ - $ (1.22) ,0001.000 Sep-04 33,000.0 $ - $ - 1,500,000.0 - $ - $ ( 1.22) .0001.000 Period 13 $ {1.22 Total YTD 546,819.3 - - 21,441,329.4 $ - $ ( 1.22) U:\My Doeuments\EXCEL\GASRATES\FY 03-04\fAdiustment Clause Reeoverv for FY 03-04,xlslNov Recove rv CSW:Updated 03/10104 CSW:03/31/04 Applicable Annual Therm Range or Other Rate Determinant Monthly Customer Charge Non-Fuel Eneroy CharoelTherm Non-Fuel Energy Charge Energy Conservation Adj, (ECA) EnYironmentallmposition Adj, (EIA) Weather Normalization Adj, (WNA) Total Non-Fuel Energy Charge Purchased Gas Adjustment (PGA) Total Energy ChargelTherm Minimum Monthly Bill Compares to LP/Gallon Rate of with 6,0% Franchise Change from 01101 Therm Rate % Change from 01/01 Therm Rate Utility Tax Note: Fuel Rate per Therm 10/01fi3 Non-Utility Taxable Fuel/Therm CLEARWATER GAS SYSTEM NATURAL GAS RATE BILLING FACTORS FOR JANUARY 1, 2004 - SEPTEMBER 30, 2004 BASED ON APPROVED GAS ADJUSTMENT FACTORS ---.M... SMF ....MME.... ....bME... NA(l- NA(4+ 3 Units) Units) $7,00 $15,00 $0,580 $0,580 0,120 0,120 NA (4 + NA (4 + Units) Units) $20,00 $50,00 Firm Natural Gas Rate Schedules SGS MGS ~~~ 0- 18,000- 100,000 17,999 99,999 & up $15,00 $20,00 $50,00 NA (1 - NA (0 - 3 Units) 149 tons) $7,00 if $15,00 if not prey, not prey, billed billed $0,200 $0,150 ~ NA(150 tons & +) $20,00 if not prey, billed $0,100 0.120 ~ SL w/M& Relioht NA NA ....!::!IDL NA Interr. NG Rate ~~ NA 100,000 &up $30,00 $100,00 $0,580 $0,580 $0,470 $0,410 $0,350 0,120 0,120 0,120 $15.00 $15,00 $7 Resl.! $15 GS if not prey, billed $0,300 $0,100 $0,470 $0,280 0,120 0,120 0,120 0,120 $0,200 0,120 0.120 0,120 0,120 NA 0,000 0,000 0,000 0,000 0,000 0,000 0.000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 NA 0,000 0,000 0,000 0,000 0.000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 $0,700 $0,700 $0,700 $0,700 $0,590 $0,530 $0,470 $0,320 $0.270 $0,220 $0,320 $0,420 $0,220 $0,590 $0,280 $1,590 $1,590 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,890 0,820 $7,00 $15,00 $1,590 $1.590 $1.480 $1.420 $1,360 $1,210 $1,160 $1,110 $7,00 @ $15,00 @ $20,00 @ premise premise premise $1,210 $15,00 +FAC $1,310 $1,110 $15,00 $7 Resl.! +FAC $15GS@ premise +FAC $1.480 $1,100 $30,00 $100,00 + FAC + Non-Fuel Therm Rate for 250 therms X # Days in Mo, $ 1,455 $ 1,455 $ 1,455 $ 1,455 $ 1,354 $ 1,299 $ 1,244 $ 1,107 $ 1,061 $ 1,016 $ 1.107 $ 1,199 $ 1,016 $ 1,354 $ 1.007 $ 1,542 $ 1,542 $ 1,542 $ 1,542 $ 1,435 $ 1,377 $ 1,319 $ 1,174 $ 1,125 $ 1,077 $ 1,174 $ 1,271 $ 1,077 $ 1.435 $ 1,067 $20,00 $50,00 $15,00 $20,00 $50,00 $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0.300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,300) $ (0,290) -15,9% -15,9% -15,9% -15,9% -16,9% -17,4% -18,1% -19,9% -20,5% -21,3% -19.9% -18,6% -21,3% -16,9% -20,9% $0,069 $0,069 $0,069 $0,069 $0,821 $0,821 $0,821 $0,821 BTU FACTOR = THERMS/100 CUBIC FEET ICCF\ Firm Service Rates Interruptible Service Rates 10/03 11/03 1,066 1,061 1,045 1,040 12/03 01/04 1,060 1,053 1,039 1,033 $0,069 $0,069 $0,069 $0,821 $0,821 $0,821 02/04 03/04 04/04 1,063 1,056 1,054 1,042 1,035 1,034 $0,069 $0.069 $0,821 $0,821 05/04 06/04 $0,069 $0,821 07/04 $0,069 $0,821 $0,069 $0,069 $0,069 $0,055 $0,821 $0,821 $0,821 08/04 09/04 $0,765 Attachment #2 Contract NG Rate ~ NA By Contract By Contract NA NA 0,000 Contract + $0,000 Plus 0,820 $0,820 + Non-Fuel Customer Charge + Non-Fuel T Rate for Cc # of Therm $ (0,290) -26,1% $0,069 $0,751 CSW:03/31/04 Attachment #3 Page 1 of2 BTU Factor: 2,714 Gallons/100 cubic feet (CCF) CLEARWATER GAS SYSTEM BTU Factor: 2.483 Therms/100 cubic feet (CCF) METERED PROPANE (LP) RATE BILLING FACTORS Therm Factor: 0,915 ThermslGallon FOR JANUARY 1, 2004 - SEPTEMBER 30,2004 BASED ON APPROVED GAS ADJUSTMENT FACTORS RESIDENTIAL MUL TI-FAMIL Y LOOP RESL. SMALL COML. LARGE COML. VEHICLE STANDBY CONTRACT MTRD MRLP MMLP LRLP MGLP MLLP LPV LPS CLP Applicable Annual Gallon Range NA NA NA o - 2,500 >2,501 NA NA NA or Other Rate Determinant (1 - 3 Units) (4 + Units) (1 - 3 Units) Monthly Customer Charge $7,00 $15.00 $7,00 $15.00 $20.00 $7.00 Res!. or $30.00 Set By Contract $15,00 GS if not Non-Fuel Enerav Charaes/Gallon: prevo billed @ premise Non-Fuel Energy Charge /Gallon $1.600 $1,600 $0.800 $0.200 $0.150 $0.100 $0,390 Set By Contract Energy Conservation Adj.lGallon 0.120 0,120 0.120 0,120 0,120 0.120 0,120 NA Environm'llmposition Adj, /Gallon 0.000 0.000 0.000 0.000 0.000 0,000 0,000 NA Weather Normalization Adj.lGallon 0.000 0,000 0,000 0.000 0.000 0.000 0.000 0.000 Total Non-Fuel Charges/Gallon $1.720 $1.720 $0.920 $0.320 $0.270 $0.220 $0.510 By Contract + $0,000 Purchased Gas AdjustmenUGallon 0,990 0,990 0,990 0,990 0,990 0,990 0.990 0,990 Total Energy Charges/Gallon $2,710 $2,710 $1,910 $1,310 $1,260 $1.210 $1.500 $0,990 + Contract NFE Minimum Monthly Bill $7,00 $15,00 $7,00 $15,00 $20,00 Any Applicable $30.00 Customer Charge + Customer Charge Non-Fuel Energy Chg. + Any Applicable for the Contracted Facility Charges # of Gallons/Mo, Utilitv Tax Note: Fuel Rate per Therm 10/01/73 0,161 0.161 0,161 0.161 0.161 0.161 0,161 0.161 Non-Utility Taxable FuellTherm $0,829 $0.829 $0.829 $0.829 $0.829 $0.829 $0,829 $0.829 Change from 01/01 Gallon Rate $ 0.209 $ 0.209 NA $ 0.009 $ 0.009 $ 0,009 $ 0.009 $ (0,010) % Change from 01/01 Gallon Rate 8.4% 8.4% NA 0,7% 0,7% 0.7% 0,6% -1,0% . . CSW: 03/31 /04 Attachment #3 Page 2 of 2 BTU Factor: 2,714 Gallons/100 cubic feet (CCF) CLEARWATER GAS SYSTEM BTU Factor: 2.483 Therms/100 cubic feet (CCF) BULK PROPANE (LP) RATE BilliNG FACTORS Therm Factor: 0,915 Therms/Gallon FOR JANUARY 1, 2004 - SEPTEMBER 30, 2004 BASED ON APPROVED GAS ADJUSTMENT FACTORS STANDARD RESIDENTIAL BULK LP SERVICE RESIDENTIAL "WILL CALL" COMMERCIAL "WILL CALL" CONTRACT "WILL CALL" (Rate Class is Based on Annual LP Gallon Usage Level) (Based on Annual Usage Level) BRLP1 BRLP2 BRLP3 ~ WRLP ~ ~ gg Applicable Annual Gallon Range 0-60 60,1 -120 120.1 - 300 > 300 1 st 300 > 300 o - 2,500 > 2,500 Any or Other Rate Determinant 1-3 UNITS 1-3 UNITS 1-3 UNITS 1-3 UNITS 1-3 UNITS For Add'l. Annual Customers in this Customers in this Contract Customers Who Gallons Used Range of Usage Range of Usage Request Bulk Delivery Annual Customer Charge $ 96.00 $ 72.00 $ 60.00 $ 48,00 $ 48.00 NA $ 60,00 $ 60.00 Set by contract Non-Fuel Enerav Charaes/Gallon: Non-Fuel Energy Charge/Gallon $ 1,500 $ 1,300 $ 0,800 $ 0.700 $ 0.800 $ 0.700 $ 0.200 $ 0,150 Set By Contract Energy Conservation Adj.lGallon 0,120 0,120 0.120 0.120 0.120 0.120 0.120 0,120 NA Environm'llmposition Adj.lGallon - - - - - - - - NA Weather Normalization Adj.lGallon - - - - - - - - 0.000 Total Non-Fuel Charges/Gallon $ 1.620 $ 1.420 $ 0.920 $ 0.820 $ 0.920 $ 0.820 $ 0.320 $ 0.270 Set By Contract + 0.000 Purchased Gas AdjustmenUGallon 0,990 0,990 0,990 0,990 0.990 0,990 0,990 0,990 0,990 Total Energy Charges/Gallon $ 2.610 $ 2.410 $ 1.910 $ 1.810 $ 1.910 $ 1.810 $ 1.310 $ 1.260 0.990 + Contract NFE Note: No Monthly Minimum Bill Utilitv Tax Note: Fuel Rate per Therm 10/01/73 0.161 0,161 0,161 0,161 0.161 0,161 0,161 0,161 0,161 Non-Utility Taxable FuellTherm 0,829 0,829 0,829 0,829 0.829 0,829 0,829 0,829 0,829 Change from 01/01 Gallon Rate $ 0,209 $ 0.159 $ 0.109 $ 0,109 $ 0.109 $ 0.109 $ 0,009 $ 0,009 $ (0,010) % Change from 01/01 Gallon Rate 8.7% 7,1% 6,1% 6.4% 6.1% 6.1% 0,7% 0,7% -1,0% CSW:03l31/04 I I I -r I I I I I I Attachment #4 I 1 I I I I I I I I Residential Rate History By Components Clearwater Gas Svstem I I I T Total Rate ComDonentslTherm Contract LP Month NGltherm LP/aallon ECA EIA WNA PGA PGA PGAlnallon Oct-OO $ 1,290 $ 1,601 $ 0,110 $ - $ - $ 0,600 $ 0,510 $ 0,800 Nov-OO $ 1,320 $ 1,651 $ 0,110 $ - $ - $ 0,630 $ 0.540 $ 0,850 Dee-OO $ 1.430 $ 1,651 $ 0,110 $ - $ - $ 0,740 $ 0,650 $ 0,850 Jan-Ol $ 1,890 $ 1,801 $ 0,110 $ - $ - $ 1,200 $ 1,110 $ 1.000 Feb-01 $ 1,890 $ 1,901 $ 0,110 $ - $ - $ 1,200 $ 1,110 $ 1,100 Mar-Ol $ 1.890 $ 1,901 $ 0,110 $ - $ - $ 1,200 $ 1,110 $ 1,100 ADr-Ol $ 1,670 $ 1,691 $ 0,110 $ - $ - $ 0,980 $ 0,895 $ 0,890 May-01 $ 1.580 $ 1,620 $ 0,120 $ - $ - $ 0,880 $ 0,795 $ 0,810 Jun-Ol $ 1,500 $ 1,578 $ 0,140 $ - $ - $ 0,780 $ 0,695 $ 0.750 Jul-Ol $ 1.420 $ 1,516 $ 0,160 $ - $ - $ 0,680 $ 0,595 $ 0,670 Aug-01 $ 1,390 $ 1.445 $ 0,180 $ - $ - $ 0,630 $ 0,545 $ 0,580 Sep-01 $ 1,340 !l: 1.433 $ 0,200 $ - $ - I $ 0,560 $ 0,540 !l: 0.550 FY Average $ 1.551 $ 1.649 S 0.131 S - S - $ 0.840 S 0.768 S 0.829 2000 Ava. $ 1.222 $ 1.584 S 0.103 $ 0.003 $ 0.010 . $ 0.527 $ 0.431 $ 0.779 Oct-Ol $ 1,340 $ 1,380 $ 0,140 $ - $ - $ 0,620 $ 0,540 $ 0,550 Nov-Ol $ 1,340 $ 1.380 $ 0,140 $ - $ - $ 0,620 $ 0,540 $ 0,550 Dee-Ol $ 1,340 $ 1,380 $ 0,140 $ - $ - $ 0,620 $ 0,540 $ 0,550 Jan-02 $ 1,360 $ 1,390 $ 0,160 $ - $ 0,020 $ 0,600 $ 0,520 $ 0,520 Feb-02 $ 1,360 $ 1,390 $ 0,160 $ - $ 0,020 $ 0,600 $ 0,520 $ 0,520 Mar-02 $ 1,360 $ 1,420 $ 0,160 $ - $ 0,040 $ 0,580 $ 0,500 $ 0,520 Apr-02 $ 1,360 $ 1,420 $ 0,160 $ - $ 0,040 $ 0,580 $ 0,500 $ 0,520 May-02 $ 1,340 $ 1,550 $ 0,160 $ - $ 0,040 $ 0,560 $ 0.480 $ 0,550 Jun-02 $ 1,340 $ 1,550 $ 0,160 $ - $ 0,040 $ 0,560 $ 0.480 $ 0,550 Jul-02 $ 1,360 $ 1,620 $ 0,160 $ - $ 0,040 $ 0,580 $ 0,500 $ 0,620 AUa-02 $ 1,360 $ 1,690 $ 0,160 $ - $ 0,040 $ 0,580 $ 0,500 $ 0,690 S~02 $ 1,360 !l: 1,690 S 0,160 S - S 0,040 S 0,580 S 0,500 !l: 0,690 FY Average 1.352 1.488 0.155 - 0.027 0.590 0.510 0.569 2001 Avg. $ 1.549 $ 1.586 $ 0.138 S - $ - $ 0.831 $ 0.751 $ 0.758 Oct-02 $ 1,300 $ 1,640 $ 0,100 $ - $ - $ 0,620 $ 0,550 $ 0,740 Nov-02 $ 1,300 $ 1,640 $ 0,100 $ - $ - $ 0,620 $ 0,550 $ 0,740 Dee-02 $ 1,300 $ 1,640 $ 0,100 $ - $ - $ 0,620 $ 0,550 $ 0,740 Jan-03 $ 1.420 $ 1,770 $ 0,120 $ - $ - $ 0,720 $ 0,650 $ 0,850 Feb-03 $ 1.480 $ 1,810 $ 0,120 $ - $ - $ 0,780 $ 0,650 $ 0,890 Mar-03 $ 1,560 $ 1,900 '$ 0,160 $ - $ - $ 0,820 $ 0,750 $ 0,940 Aor-03 $ 1,560 $ 1,900 $ 0,160 $ - $ - $ 0,820 $ 0,750 $ 0,940 Mav-03 $ 1,560 $ 1,900 $ 0,160 $ - $ - $ 0,820 $ 0,750 $ 0,940 Jun-03 $ 1,560 $ 1,900 $ 0,160 $ - $ - $ 0,820 $ 0,750 $ 0,940 Jul-03 $ 1,560 $ 1,900 $ 0,160 $ - $ - $ 0,820 $ 0,750 $ 0,940 Auo-03 $ 1,560 $ 1,900 $ 0,160 $ - $ - $ 0.820 $ 0,750 $ 0,940 SeD-03 $ 1,560 S 1,900 $ 0,160 $ - $ - $ 0,820 $ 0,750 $- 0,940 FY Average 1.477 1.817 0.138 - - 0.758 0.683 0.878 2002 Avg. $ 1.342 S 1.553 $ 0.145 $ - $ 0.027 S 0.590 I $ 0.513 $ 0.617 Oct-03 $ 1,530 $ 1,830 $ 0,100 $ - $ - $ 0,850 $ 0,780 $ 0,930 Nov-03 $ 1,530 $ 1,830 $ 0,100 $ - $ - $ 0,850 $ 0.780 $ 0,930 Dee-03 $ 1,530 $ 1,830 $ 0,100 $ - $ - $ 0,850 $ 0,780 $ 0,930 Jan-04 $ 1,590 $ 1,910 $ 0,120 $ - $ - $ 0,890 $ 0,820 $ 0,990 Feb-04 $ 1,590 $ 1,910 $ 0,120 $ - $ - $ 0,890 $ 0,820 $ 0,990 Mar-04 $ 1,590 $ 1,910 $ 0,120 $ - $ - $ 0,890 $ 0,820 $ 0,990 Apr-04 $ 1,590 $ 1,910 S 0,120 $ - $ - $ 0,890 $ 0,820 $ 0,990 Mav-04 Jun-04 Jul-04 Aug-04 Seo-04 FY Averaae 1.564 1.876 0.111 - - 0.873 0.803 0.964 2002 Avg. Incr. Above $ 0.030 $ 0.010 $ (0.0401 $ - $ - $ 0.070 $ 0.070 $ 0.050 Last Year Same Month 2% 1% -25% NA NA 9% 9% 5% Incr. Based $ 0.81 $ 0.30 on 27 Therms 2% 0% Eauivalent Cents/KWH 5.4 7.1 for Gas vs. FPC Rate 8.9 8.9 Residential) Gas Cheaper bv -39% -20% /irlfJCJh'f\~t~ r' 1J;..5 Clearwater Gas System Providing community service since 1923 Fuel Use and Cost Comparison Annual Natural Propane Appliance Therms Used Gas JLP) Gas Electric COOKING 45' $ 71.55 $94.05 $117.00 WATER HEATING 170 $270.30 $355.30 $442.00 HEATING 200 $318.00 $418.00 $520.00 CLOTHES DRYING 50 $79.50 $104.50 $130.00 TOTAL OF APPLIANCES $739.35 $971.85 $1,209.00 Natural Gas Savings 24% 39% Outdoor Recreation POOL HEATING* 375 $596.25 $716.25 $975.00 SPA/HOT TUB HEAT* 175 $278.25 $334.25 $455.00 * Varies according to pool size, weather conditions, and temperature maintained. All other figures are annual average projections based upon the following: 1. 1 Therm = 100,000 STUs of energy 2. Natural Gas 3. LP Gas per gallon (Bulk Bil/level 3 or WiI/ Call) 4. Progress Energy per kwh (above 1000 KWH rate) $1.59 per therm $1.91 per gallon or $2.09 per therm $0.08885 per KWH or $2.60 per therm Notes: 1, The above analysis is based on February 2004 residential energy and fuel charges and does not include applicable taxes or franchise fees. 2. Current monthly customer charges are: Progress Energy $8,03, Peoples Gas $10.00, Clearwater Gas System $7,00 (natural gas only). L.P, customers are billed annually, $48-$96 (non-refundable) depending on program. 2/04