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GAS ADJUSTMENTS EFFECTIVE SEPTEMBER 1, 2005 ..- CLEARWATER GAS SYSTEM Interoffice Correspondence Sheet RECEIVED AUG 30 2005 ,~)j;I~/CiAL RECORDS AND '-F.GISLATM SRVCS DEPT TO: FROM: William B. Horne II, City Manager Chuck Warrington, Managing Director ~ Rod Irwin, Assistant City Manager; tyndie Goudeau, City Clerk; CGS & CCS Management Teams; Janet Dorrough, Sr. Accountant/CGS; Tom Madley, Sr. Accountant/CCS; Laura Damico, Sr. Accountant/CCS COPIES: SUBJECT: GAS ADJUSTMENTS EFFECTIVE SEPTEMBER 1, 2005 DATE: August 26, 2005 Natural and LP gas supply prices are still historically high and volatile, and they have increased significantly this month. Therefore, we are recommending an increase of 15C/therm in our Natural Gas Purchased Gas Adjustments (PGA) and an increase of 8C/gallon in our Propane (LP) PGA for September. We are not recommending any change in our Energy Conservation Adjustment (ECA), Environmental Imposition Adjustment (EIA), nor Weather Normalization Adjustment (WNA) clauses this month. We are projecting similar PGA increases also next month to fully align our recovery factors with actual costs. The net effect of these recommended changes is an increase in our typical Residential Natural Gas customer's rate of 15(:/therm (up 8.2%) and an increase in our typical Residential LP customer's rate of 8(:/gallon (up 3.6%). Therefore, we are recommending your approval of the following rates to become effective for billings rendered on and after September 1, 2005: Natural Gas Firm Standard Rate Schedule PGA ....... $1.23 per therm (up 15Cltherm) Natural Gas Interruptible and Contract (Non-Standard) Rate Schedule PGA ............. $1.16 per therm (up 15Cltherm) Propane (LP) Gas Rate Schedule PGA .................... $1.24 per gallon (up 8C/gallon) Energy Conservation Adjustment (ECA) ............... $0.14 per therm (no change) & $0.14 per gallon of LP (no change) Environmental Imposition Adjustment (EIA) ......... $0.02 per therm (no change) & $0.02 per gallon of LP (no change) Weather Normalization Adjustment (WNA) .......... $0.00 per therm (no change) & $0.00 per gallon of LP (no change) William B. Horne II, City Manager Page 2 August 26, 2005 Attachment #1 shows the FY 04/05 FYTD status of our Adjustment Recovery Clause balances with actuals thru July and projections through FYE Period .13. These show that we are about $1.4 Million behind in our recovery clauses as of July and are raising our rates to stem the increase as much as reasonable by the end of the fiscal year. It is important to our overall financials for FY 04/05 that we bring this closer into balance, and our recommended recovery factors are based on controlling this level. Attachments #2 and #3 show our current annual projections for Natural Gas supply costs and LP supply costs, respectively. Attachments #4 and #5 show the impact of these adjustment clause changes on our overall Natural and LPGas rates, respectively. Attachment #6 shows our rate history over the past 3 years and shows our relationship to electric prices. I should point out that the overall effect is that our typical Residential customer rates are still at least 31 % lower than electric for Natural Gas and 12% lower for LP. This favorable margin between our gas rates and the comparable electric rates was helped by an increase in Progress Energy's rates for storm damage recovery and may be enhanced even more if their proposed rate increased is approved for next January. Therefore, we still remain very competitive as compared to electric rates. It is our plan to use the above-proposed adjustments for billings through September 30, 2005. 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 September 1 st billings. If you have any questions on this, please call me. CSW /csw Attachments Approved: ~ ~--:zr: William B. Horne II, City Manager U:\My Documents\MSOFFICE\WINWORD\GASRATES\Gas Adjustments for September 2005.doc ...'"' ~'O 5".. E Gl .c0l u III !a. C( I ~~ ~ El ~ ~ w ~ ~ ~ ~ tJ --. -- r'- " , CCEb 00 0 00 00 coco 0 C!!C!! Q)Q) ClGlg Q)Q) C!' 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Propane Weighted Average Cost of Gas (WACOG) FY 2004-05 II-fflh:#/W,#if) r ~.3 J Het€ r J -t: Z, 6/23/2005 I comnanJ Gallons P,opane Propane Shipping Total FYTD Cost of Tank Tank WACOG Date Invoice II Delivered Rate Cost Cost Cost Gallons Inventorv Invento~ Wlthdrawl I09i30/04 I . '~rif;"f '~!;:ij ". , $ 38,862.24 46 605 34,809 0.83386 , ~---- ~2L12/04 Sea-3 4004-0749 38.956 0.94926 $ 38,153.89 $ 825.29 $ 38979.18 38956.0 $ 75,841.42 85561 0.88640 ,1~1{()~u_ inv adiustment 344 0.94727 $ 325.86 $ $ 325.86 38 956.0 $ 76 187.28 85 905 0.88664 il0131/()4 adiustment N1A N1A $ /8.337.30\ N1A $ (8,337.301 38.956.0 $ 67 829.98 85 905 0.78959 10/31104 End of month $ 39,576.90 50,123 35 782 0.78959 , 11/09/04 Sea-3 4004-0814 1$ 8,337.31 I $ 8,337.31 I 38 956.0 I $ 47.914.21 50,123 0.95592 '11/16104 Sea-3 4004-0846 38,763 1.05835 I S 40,196.07 I $ 828.56 $ 41 024.63 I 77 719.0 I $ 88.938.84 88 886 1.00059 .11/30/04 invad'ustment 266 1$ 1$ $ - I 77 719.0 I $ 88,938.84 89,152 0.99760 11/30/04 End of month '~.~ , $ 46,483.79 46,595 42,557 0.99760 12113/04 _ Sea-3 4004-0924 38 895 0.98768 $ 37 590.85 $ 824.89 $ 38415.74 116614.0 $ 84 899.53 85,490 0.99309 ,12/15/0~.___ Suburban 132945 2.217 1.04420 $ 2,314.78 N1A $ 2,314.78 118 B30.8 $ 87.214.32 87,707 0.99438 ; 12/20104 Sea-3 4004-0948 19661 0.98781 $ 19.001.77 $ 415.59 $ 19417.36 138491.8 $ 106 631.66 107,368 0.99314 ! 12/31/04 inv ad'ustment 231 1. 78939 $ 413.35 $ $ 413.35 136,491.8 $ 107,045.03 107599 0.99485 '12/31/04 End of month I $ 46,044.48 48,293 59,306 0.99485 101/19/05 Saa-3 4005-0027 29 225 0.86877 $ 24.776.08 $ 613.58 S 25.369.66 167716.8 $ 73 434.14 77,518 0.94731 :91124/05 Sea-3 4005-0052 10.400 0.86877 $ 8,816.81 $ 218.35 $ 9,035.16 178116.8 $ 82 469.30 87918 0.93802 '01/26105 Suburban I 132973 2.313 0.99710 $ 2.305.79 N1A $ 2.305.79 180.429.8 S 84 775.09 90231 0.93953 ;01/31/05 inv adiustment 84 1.39000 $ 116.76 $ $ 116.76 180 429.8 $ 84,891.85 90,315 0.93995 :01131/05 End of month r $ 36,571.81 38,908 51,407 0.93995 :02/03/0~___ Sea-3 4005-0074 28 809 0.86156 I $ 24213.10 I $ 607.57 $ 24 820.67 I 209,238.8 I $ 61,392.48 67,717 0.90660 i 02/28/05 Sea.3 14005-0139 10,003 0.86156 I $ 8407.22 I $ 210.96 $ 8818.181 219241.8 I S 70.010.66 77,720 0.90080 i 02128/05 inv ad'ustment 246 1$ 1$ $ - 219241.8 I $ 70.010.66 77,966 0.89796 : 02/28/05 End of month ~t ~. . $ 27,060.27 30,135 47,831 0.89796 i 03/01/.Q~_._ Sea-3 4005-0139 9801 0.86156 $ 8.237.45 $ 206.70 $ 8444.15 229 042.8 $ 35,504.42 39,936 0.88903 .93/021QL Sea-3 4005-0163 19195 0.90015 $ 16.871.83 $ 406.60 $ 17,278.43 248.237.8 $ 52.782.85 59131 0.89264 .~15/05 Sea-3 4005-0206 19,806 0.90015 $ 17,408.88 S 419.54 $ 17 828.42 288,043.8 $ 70611.27 78,937 0.89452 .93/31/05 Sea-3 4005-0260 9,801 0.90015 $ 8614.79 $ 207.61 $ 8.822.40 277 844.8 $ 79 433.87 88,738 0.89515 03/31/05 cost adiustment , $ 0.01 $ 0.01 277 844.8 $ 79 433.68 88 738 0.89515 :03131105 inv ad'ustment 315 0.32219 I $ 101.49 I $ $ 101.49 277 844.8 $ 79 535.17 89 053 0.89312 i03/31/05 End of month ,j $ 28 914.94 32,375 56,678 0.89312 ; 04101/05 Sea-3 4005-0286 28470 0.99984 $ 27854.19 S 611.26 $ 28,465.45 308,314.8 $ 57 380.39 60.845 0.94306 104/20/05 Suburban 642625 2,229 1.09135 $ 2432.62 N1A $ 2 432.62 308,543.8 $ 59 813.01 63,074 0.94830 lO4/21/05 Sea-3 4005-0330 9,801 0.99984 $ 9 589.00 $ 210.43 $ 9 799.43 318344.8 $ 69612.44 72.875 0.95523 . O4/~ElLO!L__ ~-3 4005-0361 n_ _. 9800 0.99984 $ 9588.02 $ 210.41 $ 9,798.43 328.144.8 $ 79.410.87 82.675 0.96052 : 04/28/05 u. Sea-3 4006-0361 19,601 0.99984 $ 19,177.02 $ 420.84 $ 19,597.88 347745.8 $ 99 008.73 102,276 0.96805 ~/301()5 cost ad'ustment 'i1f~~' $ 3.80 $ 3.80 347,745.8 $ 99 012.53 102,276 0.96809 ! 04130105 inv adiustment 295 1.37725 I $ 408.29 T $ $ 408.29 347745.8 $ 99,418.82 102,571 0.96927 104130/05 End of month _M'~ $ 51 984.51 53,812 48,959 0.96927 , OS/21/05 Sea-3 4005-0426170188 9800 0.95845 $ 9 183.29 $ 209.48 $ 9.392.77 357,545.8 $ 61.357.28 63412 0.9l:!~ , 05123/05 ..~-- 4005-0448/ 9,690 0.95645 $ 9,080.21 $ 207.13 $ 9287.34 387 235.8 $ 70 844.62 73,102 0.96638 105124/05 Sea-3 4005-0448/ 10,093 0.95845 $ 9,457.85 $ 215.74 $ 9.673.59 377 328.8 S 80 318.21 83195 0.96542 .0?,25/05 Sea-3 4005-0448/ 9800 0.95845 $ 9,183.29 $ 209.48 $ 9.392.77 387.128.8 $ 89.710.98 92.995 0.96468 f 05131/05 cost ad'uslment $ 4.69 $ 4.69 387 128.8 $ 89 715.67 92,995 0.96473 ~05/31/05 inv ad'ustment I 318 1$ 1$ - $ - 387,128.8 $ 89715.67 93313 0.96145 ,05/31105 End of month $ 46,433.08 50,375 42,938 0.96145 106/15/05 Sea-3 14005-0498 I 37,816 0.90973 I $ 33 583.26 I $ 819.101$ 34,402.36 I 424,944.8 I $ 82.835.44 88,191 0.93927 106/30/05 cost ad'ustmenl to.Olll $ /0.0111 $ to.0211 424.944.8 I $ 82,835.42 88.191 0.93927 l06l30/05 ._ inv ad'ustment I 210 0.55676 I $ 116.921$ 1$ 118.92 424.944.8 I $ 82,952.34 88,401 0.93836 106/30105 End of month ,,:; . S 49,992.38 53,276 35,125 0.93836 - 07l21i0~_ Sea-3 I I 9.900 0.95712 $ 9,259.17 $ 216.32 $ 9,475.49 434,844.8 $ 59 467.87 63 176 0.94130 07/25/05 Sea-3 14005-0603 I 9,831 0.95712 $ 9,19464 $ 214.81 $ 9.409.45 444.675.8 $ 68,877.32 73 007 0.94343 r 14005-0603 107/26/05 Sea-3 9.900 0.95712 $ 9,259.17 $ 216.32 $ 9,475.49 454,575.8 $ 78,352.81 82 907 0.94507 '07~BJ()5____ 2~-.L. ,4005-0603 9,832 0.95712 $ 9.195.57 $ 214.83 $ 9410.40 464407.8 $ 87763.21 92.739 0.94634 '-----~-- ;~Y~~~-~:~Ff~u - 495 0.14014 S 69.37 $ '$ 69.37 464 407.8 $ 87,832.58 93 234 0.94206 ~~ -.Si ' ' ;';~ - ~ $ 81,479.29 65,260 27,974 0.94206 I I I FYTD Totals I 464,408 0.95232 $ 430 948.61 I $ 9 769.88 $ 447266.53 i LPWacog05 Current Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun~06 Jul-06 Aug-06 Se -06 Propane FY 2006 Projections NYMEX CGS Cost Gal Delivered Inventory Cost $ 0.942 65,260 $ 61,479.08 0.9500 1.0600 30,000 $ 31,800.00 0.9675 1.0775 36,000 $ 38,790.00 0.9725 1.0825 45,000 $ 48,712.50 0.9775 1.0875 60,000 $ 65,250.00 0.9900 1.0900 60,000 $ 65,400.00 0.9600 1.0600 54,000 $ 57,240.00 0.9600 1.0600 54,000 $ 57,240.00 0.9400 1.0400 50,000 $ 52,000.00 0.9400 1.0400 36,000 $ 37,440.00 0.9400 1.0400 36,000 $ 37,440.00 0.9400 1.0400 27,000 $ 28,080.00 0.9400 1.0400 27,000 $ 28,080.00 0.9400 1.0400 27,000 $ 28,080.00 ArrRc~r .iJ-.3 s~r 2- 01= 1- Projected WACOG 0.979 1.006 1.026 1.041 1.051 1.053 1.054 1.052 1.051 1.050 1.050 1.049 1.049 i il X! ~ o ~ ... z w j! 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I I I I I I I I I I Page 1 of 2 Residential Rate History By Components Clearwater Gas System I I I I Total Rate I ComDonentslThenn Contract LP Month NGlthenn LP/oallon * ECA EIA WNA ~A PGA PGAlaallon Oct-04 $ 1.710 $ 2.030 $ 0.100 $ - $ - $ 1.030 $ 0.960 $ 1.130 Nov-04 $ 1.710 $ 2.030 $ 0.100 $ - $ - $1.030 $ 0.960 $ 1.130 Dec-04 $ 1.750 $ 2.090 $ 0.100 $ - $ - $1.070 $ 1.000 $ 1.190 Jan-05 $ 1.750 $ 2.090 $ 0.100 $ - $ - $ 1.070 $ 1.000 $ 1.190 Feb-05 $ 1.830 $ 2.150 $ 0.130 $ - $ 0.010 $1.110 $ 1.040 $ 1.210 Mar-05 $ 1.860 $ 2.180 $ 0.130 $ 0.020 $ 0.020 $1.110 $ 1.040 $ 1.210 Apr-05 $ 1.860 $ 2.280 $ 0.130 $ 0.020 $ 0.020 $1.110 $ 1.040 $ 1.210 May-05 $ 1.790 $ 2.190 $ 0.130 $ 0.020 $ - $1.060 $ 0.990 $ 1.140 Jun-05 $ 1.790 $ 2.190 $ 0.130 $0.020 $ - $1.060 $ 0.990 $ 1.140 Jul-05 $ 1.790 $ 2.190 $ 0.130 $ 0.020 $ - $ 1.060 $ 0.990 $ 1.140 Aua-05 $ 1.820 $ 2.220 $ 0.140 $ 0.020 $ - $1.080 $ 1.010 $ 1.160 Sep-05 $ 1.970 $ 2.300 $ 0.140 $ 0.020 $ - $ 1.230 $ 1.160 $ 1.240 FY 04/05 Avg. ! $ 1.803 $ 2.162 $ 0.122 $ 0.012 $ 0.004 I $1.085 $ 1.015 $ 1.174 2004 Avg. S 1.652 $ 1.968 $ 0.123 $ - $ - $ 0.949 $ 0.879 $ 1.046 Incr. Above $ 0.280 $ 0.270 $ - $ - $ - $ (0.010) $ 0.020 $ - $ 0.270 $ 0.270 $ 0.160 Last Year Same Month 17% 13% -7% NA NA 28% 30% 15% Incr. Based $ 6.60 $ 6.90 on 20 Therms 16% 14% Equivalent Cents/KWH 6.7 8.6 for Gas vs. FPC Rate 9.7 9.7 (Residential) Gas Cheaper by -31% -12% ~- ... - --- -- ----- u...__ -....----..--.. --- -------- Notes: * Based on Bulk LP (BRLP3 which is applicable for customers using 120.1 - 300 aallons/year & equal to Residential LP Will Call (BRWCLP). CSW:04I28105 I I I I I I I I I Attachment #6 I I I I I I I [ I I I Page 2 of2 Residential Rate History By Components Clearwater Gas System I Total Rate ComDonenbUThenn Contract LP Month NGJthenn 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 Dec-OO $ 1.430 $ 1.651 $ 0.110 $ - $ - $ 0.740 $ 0.650 $ 0.850 Jan-01 $ 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-01 $ 1.890 $ 1.901 $ 0.110 $ - $ - $ 1.200 $ 1.110 $ 1.100 Apr-01 $ 1.670 $ 1.691 $ 0.110 $ - $ - $ 0.980 $ 0.895 $ 0.890 Mav-01 $ 1.580 $ 1.620 $ 0.120 $ - $ - $ 0.880 $ 0.795 $ 0.810 Jun-01 $ 1.500 $ 1.578 $ 0.140 $ - $ - $ 0.780 $ 0.695 $ 0.750 Jul-01 $ 1.420 $ 1.516 $ 0.160 $ - $ - $ 0.680 $ 0.595 $ 0.670 Aua-01 $ 1.390 $ 1.445 $ 0.180 $ - $ - $ 0.630 $ 0.545 $ 0.580 Seo-01 !I: 1.340 $ 1.433 S 0.200 1 - 1. - 9i 0.560 9i 0.540 9; 0.550 FY Average $ 1.551 $ 1.649 $ 0.131 $ - $ - $ 0.840 $ G.758 $ 0.829 2000 Avg. $ 1.222 $ 1.584 $ 0.103 $ 0.003 $ 0.010 $ 0.527 $ 0.431 $ 0.779 Oct-01 $ 1.340 $ 1.380 $ 0.140 $ - $ - $ 0.620 $ 0.540 $ 0.550 Nov-01 $ 1.340 $ 1.380 $ 0.140 $ - $ - $ 0.620 $ 0.540 $ 0.550 Dee-01 $ 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 ADr-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 Seo-02 $ 1.360 $ 1.690 S 0.160 ~ - ~ 0.040 9; 0.580 9; 0.500 9; 0.690 FY Average 1.352 1.488 0.155 - 0.027 0.590 0.510 0.569 2001 Ava. $ 1.549 S 1.586 $ 0.138 S . $ - 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 ADr-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 Aug-03 $ 1.560 $ 1.900 $ 0.160 $ - $ - $ 0.820 $ 0.750 $ 0.940 Seo-03 !I: 1.560 9; 1.900 $ 0 160 L...= 1 - $ 0.820 9> 0.750 $ 0.940 FY Average 1.477 1.817 0.138 - - 0.758 0.683 0.878 2002 Avg. $ 1.342 $ 1.553 S 0.145 S - S 0.027 S 0.590 $ 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 $ 0.120 $ - $ - $ 0.890 $ 0.820 $ 0.990 Mav-04 $ 1.610 $ 1.910 $ 0.120 $ - $ - $ 0.910 $ 0.840 $ 0.990 Jun-04 $ 1.610 $ 1.910 $ 0.120 $ - $ - $ 0.910 $ 0.840 $ 0.990 Jul-04 $ 1.690 $ 1.990 $ 0.150 $ - $ - $ 0.960 $ 0.890 $ 1.040 Aug-04 $ 1.690 $ 1.990 $ 0.150 $ - $ - $ 0.960 $ 0.890 $ 1.040 Seo-04 $ 1.690 !I: 2.030 S 0.150 ~ - 1. - 9; 0.960 $ 0.890 9; 1.080 FY Averaae 1.603 1.913 0.123 - - 0.901 0.831 0.991 2003 Avg. $ 1.534 S 1.864 $ 0.138 $ - $ - S 0.816 $ 0.741 S 0.926 Notes: * Based on Bulk LP lBRLP3 which is applicable for customers usina 120.1 - 300 aallonslvear & eaual to Residential LP Will Call lBRWCLP\.