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GAS ADJUSTMENTS EFFECTIVE JANUARY 2009
CLEARWATER GAS SYSTEM D E a E 0 1 N 1 Interoffice Correspondence Sheet s +8 TO: William B. Horne II, City Manager o,-E ?-- - - I LE FROM: Chuck Warrington, Managing Director COPIES: Rod Irwin, 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 JANUARY 2009 DATE: December 29, 2008 The Gas markets still remain high historically, but have continued to moderate significantly recently. Therefore, we are recommending that we decrease our Natural Gas Purchased Gas Adjustments (PGA) by another 40/therm and decrease our LP PGA by 530/gallon. You will recall that we made similar decreases in both of these clauses last month as well. We are implementing our new Gas Rates effective with January readings, which makes changes to most of our rates including changes to several of our adjustment clauses. We are recommending a 50/therm or gallon decrease in our Energy Conservation Adjustment (ECA) for the month, as these costs have been down with the decreased construction activities. We are not recommending any changes in our other two (2) clauses at this time. Both these are at 00/therm or gallon and, though both of these other clauses are broadening their scope, we see no need to add anything to them at this point. These are our Regulatory Imposition Adjustment (RIA), which replaced the Environmental Imposition Adjustment (EIA), and our Usage & Inflation Adjustment (UTA), which replaces the Weather Normalization Adjustment. The net effect of these recommended changes as well as the change in our rates is a 190/therm decrease (-9.8%) in our typical Residential Natural Gas customer's rate and a 480/gallon (-17.3%) decrease in our typical Residential LP customer's rate. Therefore, we are recommending your approval of the following rates to become effective for billings rendered on and after January 1, 2009: Natural Gas Firm Standard Rate Schedule PGA ....... $1.18 per therm (down 40/therm) Natural Gas Interruptible and Contract (Non-Standard) Rate Schedule PGA ............. $1.10 per therm (down 40/therm) Propane (LP) Gas Rate Schedule PGA .................... $1.20 per gallon (down 530/gallon) Energy Conservation Adjustment (ECA) ............... $0.09 per therm or gallon (down 50) Regulatory Imposition Adjustment (EIA) ................. $0.00 per therm or gallon (no change from old EIA) Usage & Inflation Adjustment (WNA) .................... $0.00 per therm or gallon (no change from old WNA) William B. Horne II, City Manager December 29, 2008 Page 2 Attachment #1 shows the status of our Adjustment Recovery Clause balances with actuals thru November and projections thru Period 13. These show that we are projecting being close to in balance by the end of the fiscal year, which is important to our overall financials. Attachments #2 and #3 show our annual projections for Natural Gas and LP supply costs, respectively. Attachments #4 and #5 show the impact of these adjustment clause changes on our overall Natural and LP Gas rates, respectively. Attachment #6 shows our rate history over the past 4+ years and shows our relationship to current electric prices. I should point out that the overall effect is that our typical Residential customer rates are now approximately 60% lower than electric for Natural Gas and LP is now about 43% lower than electric. Progress Energy Florida has announced that they have obtained FPSC approval for a 25% increase in rates to be implemented January 1' due principally to a huge increase in their Fuel Adjustment charges & these competitive positions vs. electric are based on that assumption. Additionally, TECO Peoples Gas has recently filed for a $25 + million increase in their natural gas rates. Of real interest is that Progress Energy Florida has said that a significant part of their need to increase rates is fuel supply cost and they have pointed to natural gas as a culprit. Interestingly, our recommended January PGA rate is 5% lower than last year vs. the +25% that they are indicating. 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 Attachments Url Approved: William B. Horne II, City Manager U:\My Documents\MSOFFICE\WINWORD\GASRATES\Gas Adjustments for January 2009.doc CLEARWATER GAS SYSTEM Attachment #1 SUMMARY OF RATE ADJUSTMENT CLAUSE COLLECTIONS FOR FY 08/09 Page 1 of 3 NATURAL GAS PURCHASE D GAS ADJUSTMENT PGA-NG Monthly Cumulative NG PGA Budget Reservation Commodity Interest Cost Center Total NG Fuel Total NG PGA Overage YTD Overage Rate/Therm Month Charges Charges Expense Expenses Expenses Billed (Shortage) (Shortage) Firm/Contr Prior Year $ 124,452.31 Oct-08 $ 4,614,098.43 $ 1,177,651.25 $ 622.26 $ 43,214.37 1 $ 5,835,586.31 $ 1,608,903.69 $ 4,226,682.62 $ 4,351,134.93 127/1.19 Nov-08 $ 156,107.77 $ 1,073,517.52 $ 21,755.67 $ 37,644.73 $ 1,289,025.69 $ 1,837,938.87 $ 548,913.18 $ 3,802,221.76 127/1.19 Dec-08 $ 180,000.00 $ 1,500,000.00 $ 19,011.11 $ 45,000.00 $ 1,744,011.11 $ 2,240,826.82 $ 496,815.71 $ 3,305,406.04 X1..22 2IT. A Jan-09 $ 180,000.00 $ 1,600,000.00 $ 16,527.03 $ 45,000.00 $ 1,841,527.03 $ 2,324,620.20 $ 483,093.17 $ 2,822,312.87 ? k}1.311 ?0:.'' 1 Feb-09 $ 170,000.00 $ 1,600,000.00 $ 14,111.56 $ 45,000.00 $ 1,829,111.56 $ 2,344,922.56 $ 515,810.99 $ (2,306.501 88)1 1.18/1.10 Mar-09 $ 180,000.00 $ 1,500,000.00 $ 11,532.51 $ 45,000.00 $ 1,736,532.51 $ 2,182,503.68 $ 445,971.17 $ 1,860,530.71 1.1811.10 Apr-09 $ 135,000.00 $ 1,350,000.00 $ 9,302.65 $ 45,000.00 $ 1,539,302.65 $ 2,030,235.98 $ 490,933.33 $ 1,369,597.38 1.18/1.10 May-09 $ 80,000.00 $ 1,200,000.00 $ 6,847.99 $ 45,000.00 $ 1,331,847.99 $ 1,806,910.02 $ 475,062.04 $ 894,535.35 1.18/1.10 Jun-09 $ 80,000.00 $ 1,150,000.00 $ 4,472.68 $ 45,000.00 $ 1,279,472.68 $ 1,614,037.61 $ 334,564.93 $ 559,970.42 1.1811.10 Jul-09 i $ 80,000.00 $ 1,150,000.00 $ 2,799.85 $ 45,000.00 $ 1,277,799.85 $ 1,553,130.53 $ 275,330.67 $ 284,639.74 1.1811.10 Aug-09 $ 80,000.00 $ 1,150,000.00 $ 1,423.20 $ 45,000.00 $ 1,276,423.20 $ 1,553,130.53 $ 276,707.33 $ 7,932.42) 1.1811.10 Sep-09 $ 80,000.00 $ 1,150,000.00 $ 39.66 $ 45,000.00 $ 1,275,039.66 $ 1,553,130.53 $ 278,090.86 $ 270,158.45 1.1811.10 Per 13 $ 185,349.66 $ - $ - $ - 5 $ 185,349.66 $ - $ (185,349.66) 1 $ 84,808.78 Total YTD $ 6,200,555.86 $ 15,601,168.77 $ 108,446.18 $ 530,859.10 $ 22,441,029.91 $ 22,650,291.01 $ 209,261.09 1 Includes annual charge for Admin of $663,080 + Annual CCS ch of $1,006,330 + Dividend of $1,224,210 + Bond Intterest/Pri nci al of $1,500,151 + FY 07108 PGA write off of $64,103.93 + WNA $115.73 = $ 4,457,990.66 2 5 Commodity adjustment from FYE transf er of ECA Collected in PGA c@ 112 of the ECA Rate Net RC = $ 1,557,215.54 NG Proportion = 97.78% x Total ECA Transfer = $ 185,339.95 + Transfer of WNA to PGA = $ 9. 1 PROPANE LP GAS PURCH ASED GAS ADJUSTMENT PGA-LP Monthly Cumulative LP PGA Budget Gallons Monthly Interest Commodity Total LP Fuel Total LP PGA Overage YTD Overage Rate/Gallon Month Sold WACOG Expense Charges Expenses Billed (Shortage) (Shortage) Prior Year $ 16,102.2 Oct-08 32,622.4 $ 1.73818 $ 80.51 $ 56,703.60 1 $ 229,309.88 $ 74,169.51 $ 155,140.37 $ (171,242.5!17) 2.26 Nov-08 30,772.7 $ 1.49187 $ 856.21 $ 45,908.87 $ 46,765.08 $ 68,188.12 $ 21,423.04 $ 149,819.5 2.26 Dec-08 52,000.0 $ 1.16000 $ 749.10 $ 60,320.00 $ 61,069.10 $ 89,351.78 $ 28,282.68 $ 121,536.85) ;3 Jan-09 59,000.0 $ 0.92000 $ 607.68 $ 54,280.00 $ 54,887.68 $ 70,321.32 $ 15,433.64 $ 106,103.22 Feb-09 55,000.0 $ 0.84000 $ 530.52 $ 46,200.00 $ 46,730.52 $ 65,553.77 $ 18,823.26 $ 87,279.96 1.20 Mar-09 54,000.0 $ 0.81000 $ 436.40 $ 43,740.00 $ 44,176.40 $ 64,361.89 $ 20,185.49 $ 67,094.48) 1.20 Apr-09 51,000.0 $ 0.80000 $ 335.47 $ 40,800.00 $ 41,135.47 $ 60,786.23 $ 19,650.75 $ 47,443.72 1.20 May-09 40,000.0 $ 0.78000 $ 237.22 $ 31,200.00 $ 31,437.22 $ 47,675.47 $ 16,238.25 $ (31,205.47) 1.20 Jun-09 35,000.0 $ 0.78000 $ 156.03 $ 27,300.00 $ 27,456.03 $ 41,716.04 $ 14,260.01 $ 16,945.46 1.20 Jul-09 35,000.0 $ 0.78000 $ 84.73 $ 27,300.00 $ 27,384.73 $ 41,716.04 $ 14,331.31 $ 2,614.15 1.20 Aug-09 35,000.0 $ 0.78000 $ 13.07 $ 27,300.00 $ 27,313.07 $ 41,716.04 $ 14,402.97 $ 11,788.82 1.20 Sep-09 35,000.0 $ 0.78000 $ 58.94 $ 27,300.00 $ 27,241.06 $ 41,716.04 $ 14,474.98 $ 26,263.80 1.20 Per 13 4 $ 4,207.96 $ - $ 4,207.96 $ 22,055.83 Total YTD 514,395.1 $ 0.94937 $ 4,027.99 $ 488,352.47 $ 669,114.20 $ 707,272.23 $ 38,158.03 Cost Center Expenses CCS Chg + Admin Ch + Dividend $ 120,790.00 1 (2) 1 FY 06/07 Write off PGA & WNA 1,777.48 1 Fuel 15,000.00 1 Donation to Events - 1 LP Yard Va ori zation & loss due to meter malfunction 544.06 1 4 Adjustment from F YE transfer of ECA in PGA @ 112 of the ECA Rate LP PGA Event fuel cost - 1 LP Proportion = 2.2 2% x Total ECA Transfer = $ 4,207.96 Depreciation of LP Tanks 34,414.23 1 + Suburban Software Systems - 1 Suburban Software Systems License - 1 Total Cost Cntr Exp Proj. Adders Allow for - 1 $ 172,525.77 $ 192,525.77 $ 20,000.00 CLEARWATER GAS SYSTEM Attachment u1 SUMMARY OF RATE ADJUSTMENT CLAUSE COLLECTIONS FOR FY OM Page 2 of 3 ENERGY CONSERVATION ADJUSTMENT ECA Monthly Cumulative ECA Budget Cost Center Interest Total ECA Total ECA Overage YTD Overage NG/Therm Month Expenses Notes/Exce tional Items Expense Ex nses Billed (Shortage) (Shortage) LP/Gal. Prior Year _ $ Oct-08 $ 216,601.60 Promo$21,385,Adv $1,020, Employ Costs$61,723 $ - 1 $ 216,601.60 $ 87,696.13 $ 128,905.47 $ 128,905.47 0.14/0.14 Nov-08 $ 73,607.53 Promo$26,203,Adv $0, Employ Costs$47,405 $ 644.53 $ 74,252.06 $ 99,314.76 $ 25,062.70 $ 103,842.77 0.14/0.14 Dec-08 $ 130,000.00 $ 519.21 $ 130,519.21 $ 127,454.84 $ 3,064.38 $ 106,907.14) 0.14/0.14 Jan-09 $ 80,000.00 $ 534.54 $ 80,534.54 $ 88,206.19 $ 7,671.65 $ 99,235.49 -9,Q9/0.09 Feb-09 $ 80,000.00 $ 496.18 $ 80,496.18 $ 88,807.00 $ 8,310.82 $ 90,924.67) 0.0910.09 Mar-09 $ 80,000.00 $ 454.62 $ 80,454.62 $ 82,761.36 $ 2,306.74 $ 88,617.93 0.09/0.09 Apr-09 $ 80,000.00 $ 443.09 $ 80,443.09 $ 77,016.13 $ 3,426.96 $ 92,044.89 0.09/0.09 May-09 $ 80,000.00 $ 460.22 2 $ 80,460.22 $ 68,341.96 $ 12,118.26 $ 104,163.15 0.09/0.09 Jun-09 $ 80,000.00 $ 520.82 $ 80,520.82 $ 61,019.61 $ 19,501.21 $ 123,664.36 0.09/0.09 Jul-09 $ 80,000.00 $ 618.32 $ 80,618.32 $ 58,766.58 $ 21,851.75 $ 145,516.10) 0.09/0.09 Aug-09 $ 80,000.00 $ 727.58 $ 80,727.58 $ 58,766.58 $ 21,961.00 $ 167,477.11 0.09/0.09 Se 09 $ 80,000.00 $ 837.39 $ 80,837.39 $ 58,766.58 $ 22,070.81 $ 189,547.92 0.09/0.09 Per 13 6 $ - $ 189 547.92 $ 189,547.92 $ - Total YTD $ 1,140,209.13 $ 6,256.50 $ 1,146,465.63 $ 1,146,465.63 $ - 1 Includes annual charge for Admin Ch of $9,550 + CCS ch of $65,030 6 = Transfer of ECA Collected in PGA 1/2 of the ECA Rate u to ECA Annual Shortfall + Dividend of $65,030+ FY 07/08 Write off of $4,432.68 = $ 132,472.68 Note: Maximum amount which can be transferred = $ 478,458.85 2 FY 08/09 SO Write Off adjustment = $ - 3 NetCCE= $ 1,007,736.45 ENVIRON MENTAL IMPOSIT ION ADJUSTMENT EIA Monthly Cumulative EIA Budget Cost Center Interest Total EIA Total EIA Overage YTD Overage NG/Therm Month Expenses Notes/Exceptional Items Expense Expenses Billed (Shortage) (Shortage) LP/Gal. Prior Year $ 126,721.52 Oct-08 $ 12,691.39 $ - 1 $ 12,691.39 $ - $ 12,691.39 $ 114,030.13 0.0010.00 Nov-08 $ 1,150.00 $ - $ 1,150.00 $ 0.03) $ 1,150.03 $ 112,880.10 0.0010.00 Dec-08 $ 10,000.00 $ - $ 10,001.00 $ - $ 10,000.00 $ 102,880.10 0.0010.00 Jan-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 92,880.10 0.00/0.00 Feb-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 82,880.10 0.00/0.00 Mar-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 72,880.10 0.00/0.00 Apr-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 62,880.10 0.0010.00 May-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 52,880.10 0.0010.00 Jun-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 42,880.10 0.00/0.00 Jul-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 32,880.10 0.00/0.00 Aug-09 $ 10,000.00 $ - $ 10,000.00 $ - $ 10,000.00 $ 22,880.10 0.00/0.00 Sep-09 $ 10,000.00 $ - $ 10,000.00 $ $ 10,000.00 $ 12,880.10 0.00/0.00 Per 13 $ - $ $ - $ - $ - $ 12,880.10 Total YTD $ 113,841.39 $ - $ 113,841.39 $ 0.03 $ 113,841.42 1 Includes annual charges for Admin Charge $10,000 + FY 07/08 write off of $1.39 = $ 10,001.39 2 Net CCE= $ 103,840.00 CLEARWATER GAS SYSTEM Attachment #1 SUMMARY OF RATE ADJUSTMENT CLAUSE COLLECTIONS FOR FY 08/09 Page 3 of 3 TOTAL ALL COST RECOVE RY ADJUSTMENT CLAUSES Both PGA9 + ECA + EIA Month) Cumulative Total Budget Total All Total Recovery Overage YTD Overage NG/Therm-Firm Month Expenses Billed (Shortage) (Shortage) LP/Gallon Prior Year - - $ - $ 13,832.99 Oct-08 $ 6,294,189.19 $ 1,770,769.33 $ 4,523,419.86 $ 4,537,252.85 1.41/2.40 Nov-08 1,411,192.83 2,005,441.72 $ 594,248.89 $ 3,943,003.96 1.41/2.40 Dec-08 1,945,599.42 2,457,633.44 $ 512,034.02 $ 3,430,969.94 p 1:5787 _- Jan-09 1,986,949.25 2,483,147.71 $ 496,198.46 $ (2,934,7f 7 11.48 ix2jl,1 Feb-09 1,966,338.26 2,499,283.33 $ 532,945.07 $ (2,40nl 896 41 1.27/1.29 Mar-09 1,871,163.53 2,329,626.93 $ 458,463.40 $ 1,943,363.01) 1.27/1.29 Apr-09 1,670,881.22 2,168,038.34 $ 497,157.12 $ 1,446,205.89 1.27/1.29 May-09 1,453,745.43 1,922,927.46 $ 469,182.03 $ 977,023.87 1.27/1.29 Jun-09 1,397,449.52 1,716,773.25 $ 319,323.73 $ 657,700.14 1.27/1.29 Jul-09 1,395,802.90 1,653,613.14 $ 257,810.24 $ 399,889.90) 1.27/1.29 Aug-09 1,394,463.85 1,653,613.14 $ 259,149.29 $ 140,740.61) 1.27/1.29 Se 09 1,393,118.10 1,653,613.14 $ 260,495.04 $ 119,754.43 1.27/1.29 Per 13 189,557.63 189,547.92 $ 9.71 $ 119,744.72 Total YTD $ 24,370,451.13 $ 24,504,028.83 $ 133,577.71 Total of All Additional Expenses Recovered Thru Adjustment Clauses = $ 4,772,990.50 I WEATHER NORMALIZATIO N (WNAI Month! Cumulative WNA Budget Interest Overage YTD Overage NO/Therm Month LP Gallons Expense Rate/Gallon NG Therms Rate/Therm (Shortage) (Shortage) LP/Gallon Beg. Bal. $ _ $ _ Oct-07 32,622.4 $ - 1,450,921.7 - $ 9.40 $ 9.40 0.0010.00 Nov-07 30,772.7 $ - - 1,690,117.3 - $ 0.31 $ 9.71 0.00/0.00 Dec-07 52,000.0 $ - - 2,130,000.0 - $ - $ 9.71) 0.00/0.00 Jan-08 59,000.0 $ - - 2,290,000.0 - $ - $ 9.71 0.00!0.00 Feb-08 55,000.0 $ - - 2,310,000.0 - $ - $ 9.71 0.00/0.00 Mar-08 54,000.0 $ - - 2,150,000.0 - $ - $ 9.71 0.00/0.00 Apr-08 51,000.0 $ - - 2,000,000.0 - $ - $ 9.71 0.0010.00 May-08 40,000.0 $ - - 1,780,000.0 - $ - $ 9.71 0.00/0.00 Jun-08 35,000.0 $ - - 1,590,000.0 - $ - $ 9.71 0.00/0.00 Jul-08 35,000.0 $ - - 1,530,000.0 - $ - $ 9.71) 0.00/0.00 Aug-08 35,000.0 $ - - 1,530,000.0 - $ - $ 9.71 0.00/0.00 Sep-08 35,000.0 $ - - 1,530,000.0 - $ - $ 9.71 0.00/0.00 Per 13 1 $ 9.71 $ - Total YTD 514,395.1 - 21,981,039.0 $ - 1 Transfer of WNA FYE balance to NG PGA Last U dated:l2/28/2008 ,A?'T f4c /? m ewr ,' 2-- CGS Natural Gas Cost Actual/Projections FY09 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 SOP-09 as of 12/5/2008 Contract Capacity Contract Excess Capacity Relinquishment Purchased Sold Gas Sold Gas Purchased % Sold Gas WACOG 2 No-NoOce Capacity Volume Cost Gas Actual Pro'acted Gas lost vs. Pro ected Purchased 170,438 41 788 15 500 34,004 10,427 1 782.70 178,222 146,092 149,000 5.17% 97.4% $ 5.99 3081170 53 430 22 155 727 60,129 $ 10 407.79 204,273 169,012 167,000 $ 8.22 316,789 55,211 31 000 143,000 (50,000) $ 10 000.00 229,000 213,000 $ 7.70 316,789 55,211 46,500 141,000 (50,000) $ (7,500.00) 231,000 229,0W $ 8.09 286,132 49,868 42,000 121 000 (50,000) $ 500.00 215,000 231 000 $ 7.86 316,789 55.2 1 31,0D0 172.000 50 000 $ 500.00 200.000 215 000 $ 8.07 216,570 53.4 30 22 500 92,000 (50,13N $ 15 000.00 178,000 200,000 $ 7.76 144,212 41.7 81 12,400 27,0W 30 000 12 000.00 159,000 178,000 $ 7.71 139,560 40440 10,500 27,000 30 000 $ 12 000.00 153 000 159,000 $ 7.71 144 212 41 788 10,850 33,0D0 (30,000) $ (12000. 00 153 000 153,000 $ 7.73 144,212 41 788 10,850 33,000 (30,000) $ 12 000.00 153,000 153,000 $ 7.93 139,560 40 440 10,500 27,000 (30,000) $ 12 000.00 153,000 153 000 $ 7.93 Total 2,641,833 570,393 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 266,100 1,005,731 (470,556) ($119,690.49) 2,206,495 314,104 2,200,000 5.17% 97.4% $7.74 Reservati n charges FTS-1 FTS-1 FTS-2 FGU Load Load Total FTS-1 FTS-2 No-Notice charges Usage Charge Usage Charge Total Monthly Fuel Cost Management fee Factor Factor Billing hase II hale III NNTS to II hale III Commod the es Ad ustments Fuel Retention) Per Month wl Rern uiah w/o Relinquish FGU+Peo les 69 12.6 32134797 787.26 92301 2 .6 9 3 5 30.8 32 323.39 9 36T. 86.3% 84.0% 1 068,260.04 124 314.14 41 087.87 1 113.76 11 077.24 2 789.28 1 508 397.45 2 036.18 44 201.98 11 174.00 68.1% 56.7% $ 1;679;939.28 $ 128 457.94 $ 42 457.26 $ 1,534.50 $ 3,448.45 $ 552.11 $ 1,585,483.17 $ $ 54 794.19 11 381.68 71.1% 61.6% $ 1,763,280.64 $ 128 457.94 42 457.26 2,301.75 $ 3,485.78 $ 552.11 1,685,124.17 $ 56 275.74 11 475.00 71.7% 62.1% $ 1,868,841.12 $ 116 026.53 38 348.49 2.079.00. 3,278.64 498.68 1,527.116.60 52 793.06 10 690.00 75.2% 64.0% $ 1,690,470.61 128 457.94 42 457.26 $ 1,534.50 S 2.873.781 $ 552.11 1.435.660.22 $ $ 49 640.90 9,945.00 62.1% 53.8% 1,613,809.92 $ 87 819.14 $ 41 087.67 $ 1,113.75 $ 2.471.40 534.30 $ 1,254.610.53 $ 43 372.52 $ 8,850.00 80.9% 65.9% $ 1,381,631.09 58 477.97 32 134.97 613.80 2,326. 4 $ 417.88 $ 1,136,477.11 $ $ 39 293.31 7,905.00 101.9% 85.5% $ 1,226 503.85 $ 56,5 1.58 31 098.36 $ 519.75 $ 2,233.20 404.40 $ 1 092 319.76 $ $ 37 766.23 $ 7,605. 00 102.0% 85.0% $ -11179,329.45 $ 58 477.97 $ 32 134.97 537.08 $ 2,206.24 $ 417.88 1,092,740. 32 $ 37 781.42 $ 7,605.00 98.1% 82.3% $ 1,182,690.33 $ 56 477.97 32 134.97 537.08 2,206.24 $ 417.86 1,123,054.04 $ $ 38 842.40 7,605.00 98.1% 82.3% $ 1,213,004.06 $ 56 591.58 $ 31 098.36 $ 519.75 $ 2 233.20 It 404.40 $ 1,126,56012 $ 38 964.64 $ 7,605.00 102.0% 85.0% $ 1,213,569.81 Total $1,071,263.29 $438,632.22 $13,171.95 $47,070.57 $9,552.68 $15,522,933.30 $ 7,167.04 $528,049.71 $111,202.68 85.0% Total Projected DTH WACOG 72.3% $17,081,330.19 1st 6 Months $987,430.19 $ 8,697,171.42 $9,684,601.61 1,257,495 $7.702 2nd 6 Months $570,966.70 $ 6,825,761.88 $7,396,728.58 949,000 $7.794 TOTAL $1,558,396.89 $ 15,522,933.30 $17,081,330.19 2,206,495 $7.74 rwNanc vvoiyiucu r%vulavc VV.7l ui vaa kvvr%v.wu/ IZ/4/ZUUt1 f FY 2008-09 Arr4cwme:?1 / __ L3 Invoice Gallons Propane Propane Shipping Total FYTD Cost of Tank Tank WACOG Date Company" Sea-3 L&L Shipping Delivered Rate Cost Cost Cost Gallons Inventory Invento Withdrawl 09130108 $ 67,016.24 36,146 1.85404 10/15/08 Sea-3 4008-0751 49,359 1.64122 $ 79,675.30 $ 1,333.65 $ 81,008.95 49,359.0 $ 148,025.19 85,505 1.73119 10/31/08 MONTHLY INVENTORY ADJUSTMENT 467 3.01777 $ 1,409.30 $ - $ 1,409.30 $ 149,434.49 85,972 1.73818 10/31/08 END OF MONTH $ 86,755.85 49,912 36,060 1.73818 11/11/08 Sea-3 4008-0807 29,053 1.08359 $ 30,732.26 $ 749.33 $ 31,481.59 29,053.0 $ 118,237.44 78,965 1.49734 11/30/08 MONTHLY INVENTORY ADJUSTMENT 388 0.37948 $ 147.24 $ - $ 147.24 $ 118,384.68 79,353 1.49187 11/30/08 END OF MONTH $ 58,186.07 39,002 40,351 1.49187 FYTD Totals 78,412 1.43461 $ 110 407.56 $ 2,082.98 $ 112 490.54 Projections Delivered Delivered Delivered Cost Total Tank EOM Tank EOM Tank Projected Month NYMEX CGS Cost Gallons Cost of Invento Gallons Withdrawl Gallons Cost WACOG Nov-08 39,002 $ 58,186.07 1.49 Dec-08 0.71 0.85 40,000 $ 33,800.00 $ 91,986.07 79,002 45,000 34,002 $ 39,590.27 1.16 Jan-09 0.65 0.79 60,000 $ 47,100.00 $ 86,690.27 94,002 60,000 34,002 $ 31,357.23 0.92 Feb-09 0.65 0.79 50,000 $ 39,250.00 $ 70,607.23 84,002 50,000 34,002 $ 28,580.12 0.84 Mar-09 0.65 0.79 50,000 $ 39,250.00 $ 67,830.12 84,002 50,000 34,002 $ 27,456.01 0.81 Apr-09 0.65 0.79 40,000 $ 31,400.00 $ 58,856.01 74,002 40,000 34,002 $ 27,042.81 0.80 May-09 0.65 0.78 40,000 $ 31, 000.00 $ 58, 042.81 74,002 40,000 34,002 $ 26, 669.17 0.78 Jun-09 0.65 0.78 30,000 $ 23,250.00 $ 49,919.17 64,002 30,000 34,002 $ 26,520.29 0.78 Jul-09 0.65 0.78 30,000 $ 23,250.00 $ 49,770.29 64,002 30,000 34,002 $ 26,441.19 0.78 Aug-09 0.65 0.78 20,000 $ 15,500.00 $ 41,941.19 54,002 20,000 34,002 $ 26,407.99 0.78 Sep-09 0.65 0.78 30,000 $ 23,250.00 $ 49,657.99 64,002 30,000 34,002 $ 26,381.54 0.78 CSW:12/29/2008 CLEARWATER GAS SYSTEM Attachment #4 NATURAL GAS RATE BILLING FACTORS FOR JANUARY 1, 2009 - SEPTEMBER 30, 2009 BASED ON APPROVED GAS ADJUSTMENT FACTORS Intern. Contract Finn Natural Gas Rate Schedules NG Rate NG Rate RS SMF MMF LMF SGS MGS LGS RAC GAC LAC SL SL w/M& NGV NSS IS CNS (Closed 1109) Reliaht (Non-Rest) (Non-Rest) Applicable Annual Therm Range NA (1 - NA (4 + NA (4 + NA (4 + 0- 18,000- 100,000 NA (1 - NA (0 - NA (150 NA NA NA NA 100,000 NA or Other Rate Determinant 3 Units) Units) Units) Units) 17,999 99,999 & up 3 Units) 149 tons) tons & +) & up Monthly Customer Charge $10.00 $25.00 $40.00 $95.00 $25.00 $40.00 $95.00 $10.00 $25.00 $40.00 $20.00 $20.00 By Contract $50.00 $250.00 By Contract (For Central Pasco Territory) ($15.00) ($40.00) ($70.00) ($160.00) ($40.00) ($70.00) ($160.00) ($15.00) ($40.00) ($70.00) ($30.00) ($30.00) (By Contract) ($75.00) $400.00 (By Contract) If not prev. if not prev. if not prev. Non-Fuel Energy CharaerTherm billed billed billed Non-Fuel Energy Charge $0.48 $0.48 $0.48 $0.48 $0.46 $0.40 $0.34 $0.20 $0.15 $0.10 $0.20 $0.35 By Contract $0.46 $0.28 By Contract Energy Conservation Adj. (ECA) 0.09 0.09 0.09 0.09 0.09 0.09 0.09 NA NA NA NA NA NA NA NA NA Regulatory Imposition Adj. (RIA) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA NA NA NA NA NA NA NA NA Usage & Inflation Adj. (UTA) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NA NA NA NA NA NA NA NA NA Total Non-Fuel Energy Charge $0.57 $0.57 $0.57 $0.57 $0.55 $0.49 $0.43 $0.20 $0.15 $0.10 $0.20 $0.35 By Contract $0.46 $0.28 By Contract Purchased Gas Adjustment (PGA) 1.18 1 1 1 18 L 1.18 1118 1.18 1.18 1.18 1.18 1.18 1.18 1.18 1118 1.10 1.10 Total Energy Charge/Therm 1.75 1.75 1.75 1.75 1.73 1.67 1.61 1.38 1.33 1.28 1.38 1.53 1.18 1.64 1.38 1.10 + Non-Fuel + Non-Fuel Minimum Monthly Bit $10.00 $25.00 $40.00 $95.00 $25.00 $40.00 $95.00 $10.00 $25.00 $40.00 $20.00 $20.00 By Contract $50.00 $250.00 Customer (For Central Pasco Territory) ($15.00) ($40.00) ($70.00) ($160.00) ($40.00) ($70.00) ($160.00) ($15.00) ($40.00) ($7000) ($30.00) ($30.00) (By Contract) ($75.00) $400.00 Charge + @ promise @ premise Q premise + FAC + FAC + FAC + FAC + Non-Fuel Therm Non-Fuel Therm Rate for Contract Rate for Contract # of Therms # of Therms Compares to LP/Gallon Rate of $ 1.60 $ 1.60 $ 1.60 $ 1.60 $ 1.58 $ 1.53 $ 1.47 $ 1.26 $ 1.22 $ 1.17 $ 1.26 $ 1.40 $ 1.08 $ 1.50 $ 1.26 with 6.0% Franchise $ 1.70 $ 1.70 $ 1.70 $ 1.70 $ 1.68 $ 1.62 $ 1.56 $ 1.34 $ 1.29 $ 1.24 $ 1.34 $ 1.48 $ 1.14 $ 1.59 $ 1.34 Change from 1/2006 Therm Rate $ (0.51) $ (0.51) $ (0.51) $ (0.51) $ (0.42) $ (0.42) $ (0.42) $ (0.50) $ (0.50) $ (0.50) $ (0.50) $ (0.45) $ (0.60) $ (0.51) $ (0.36) $ (0.36) % Change from 1/2006 Therm Rate -22.6% -22.6% -22.6% -22.6% -19.5% -20.1% -20.7% -26.6% -27.3% -28.1% -26.6% -22.7% -33.7% -23.7% -20.7% -24.7% Utility Tax Note: Fuel Rate per Therm 10/01/1973 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.055 $0.069 Non-Utitity Taxable Fuelfrherm $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.111 $1.045 $1.031 BTU FACTOR = THERMS/100 CUBIC FEET (CCF) 10/2008 11/2008 12/2008 01/2009 02/2009 03/2009 04/2009 0512009 06/2009 07/2009 08/2009 09/2009 Firm Service Rates 1.052 1.054 1.049 1.051 Interruptible Service Rates 1.032 1.034 1.028 1.030 CSW:12/29/2008 Attachment #5 Page 1 of 2 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 Therms/Gallon FOR JANUARY 1, 2009 - SEPTEMBER 30, 2009 BASED ON APPROVED GAS ADJUSTMENT FACTORS RESIDENTIAL MULTI-FAMILY LOOP RESL. SMALL COML. LARGE COML. VEHICLE STANDBY/GENERATOR CONTRACT MTRD MRLP MMLP LRLP MGLP MLLP LPV LPSM CLP (Non-Resl.Only) (Non-Resl.Only) Applicable Annual Gallon Range NA NA - NA 0 - 2,500 >2,501 NA NA NA or Other Rate Determinant (1 - 3 Units) (4 + Units) (1 - 3 Units) (Closed for New Rest. Applications) Monthly Customer Charge $10.00 $25.00 $10.00 $25.00 $40.00 $40.00 $50.00 Set By Contract For Each Meter Non-Fuel Energy Chames/Gallon: Non-Fuel Energy Charge (NFE)/Gallon $1.90 $1.90 $0.90 $0.30 $0.25 Set By Contract $1.00 Set By Contract Energy Conservation Adj.(ECA)/Gallor 0.09 0.09 0.09 0.09 0.09 NA NA NA Regulatory Imposition Adj.(RIA)/Gallor 0.00 0.00 0.00 0.00 0.00 NA NA NA Usage & Inflation Adj. (UTA)/Gallon 244 0.00 0.00 0_00 0.00 NA NA NA Total Non-Fuel Charges (NFuGal. $1.99 $1.99 $0.99 $0.39 $0.34 Set By Contract $1.00 By Contract + NA Purchased Gas Adjustment(PGA)/Gal. 1.20 1-20 1,20_ 1.20 Im 20 1.20 1.20 Total Energy Charges/Gallon $3.19 $3.19 $2.19 $1.59 $1.54 $1.20 $2.20 $1.20 + Contract NFE + Contract NFE Customer Charge Customer Charge + Minimum Monthly Bill $10.00 $25.00 $10.00 $25.00 $40.00 Any Applicable $50.00 Non-Fuel Energy Chg. Customer Charge for the Contracted + Any Applicable # of Gallons/Mo. Facility Charges Utility Tax Note: Fuel Rate per Therm 10/0111973 0.161 0.161 0.161 0.161 0.161 0.161 0.161 0.161 Non-Utility Taxable FueVThern $1.039 $1.039 $1.039 $1.039 $1.039 $1.039 $1.039 $1.039 Change from 8/2008 Gallon Rate $ (0.95) $ (0.95) $ (1.15) $ (1.15) $ (1.15) $ (1.44) $ (0.73) $ (1.22) % Change from 812008 Gallon Rate -22.9% -22.9% -34.4% -42.0% -42.8% -54.5% -24.9% -50.4% CSW:12/2912008 BTU Factor: BTU Factor: Therm Factor: 2.714 Gallons/100 cubic feet (CCF) 2.483 Therms/100 cubic feet (CCF) 0.915 Therms/Gallon STANDARD RESIDENTIAL BULK LP SERVICE (Rate Class is Based on Annual LP Gallon Usage Level) BRLP1 BRLP2 BRLP3 BRLP4 Applicable Annual Gallon Range 0-60 60.1 - 120 120.1 - 300 > 300 or Other Rate Determinant 1-3 UNITS 1-3 UNITS 1-3 UNITS 1-3 UNITS Annual Customer Charge $ 210.00 $ 180.00 $ 90.00 $ 75.00 Non-Fuel Charges (NFt/Gallon: Non-Fuel Energy Charge (NFE)/Gal. $ 1.800 $ 1.600 $ 1.00 $ 0.90 Energy Conservation Adj. (ECA)/Gal 0.090 0.090 0.09 0.09 Regulatory Imposition Adj. (RIA)/Gal. - - - - Usage & Inflation Adj. (UTA)/Gallon - - Total Non-Fuel Charges (NF)/Gal. $ 1.890 $ 1.690 $ 1.09 $ 0.99 Purchased Gas Adj. (PGA)/Gallon 1.200 1.200 $ 1.20 $ 1.20 Total Energy Charges/Gallon $ 3.090 $ 2.890 $ 2.29 $ 2.19 Note: No Monthly Minimum Bill Utility Tax Note: Fuel Rate per Therm 10/01/1973 $ 0.161 $ 0.161 $ 0.161 $ 0.161 Non-Utility Taxable Fuellrherm $ 1.039 $ 1.039 $ 1.039 $ 1.039 Change from 8/2008 Gallon Rate $ (0.950) $ (0.950) $ (1.15) $ (1.15) % Change from 8/2008 Gallon Rate -23.5% -24.7% -33.4% -34.4°/ Attachment #5 Page 2 of 2 CLEARWATER GAS SYSTEM BULK PROPANE (LP) RATE BILLING FACTORS FOR JANUARY 1, 2009 - SEPTEMBER 30, 2009 BASED ON APPROVED GAS ADJUSTMENT FACTORS RESIDENTIAL "WILL CALL" (Based on Annual Usage Level) WRLP1 WRLP2 0 - 120 > 120 1-3 UNITS 1-3 UNITS $ 150.00 $ 75.00 $ 1.60 $ 0.90 0.09 0.09 COMMERCIAL BULK LP SERVICE (Based on Annual Usage Level) BCLP1 BCLP2 0 - 2,500 > 2,500 Customers in this Customers in this Range of Usage Range of Usage $ 90.00 $ 90.00 $ 0.25 $ 0.20 0.09 0.09 BULK STANDBY/ GENERATOR LPSB (Closed for New Residental Applications) $ 420.00 CONTRACT BULK "WILL CALL" CLP Any Contract Customers Who Requests Bulk Del. Set by contract Set By Contract NA NA NA Set By Contract 1.20 1.20 + Contract NFE $ 1:69 $ 0.99 $ 1.20 $ 1.20 $ 2.89 $ 2.19 $ 1.00 NA NA NA $ 0.34 $ 0.29 $ 1.20 $ 1.20 $ 1.54 $ 1.49 $ 1.00 $ 1.20 $ 2.20 $ 0.161 $ 0.161 $ 0.161 $ 0.161 $ 0.161 $ 0.161 $ 1.039 $ 1.039 $ 1.039 $ 1.039 $ 1.039 $ 1.039 $ (0.95) $ (1.15) $ (1.20) $ (1.20) $ (0.73) $ (1.22) -24.7% -34.4% -43.8% -44.6% -24.9% -50.4% o cSW:12/MOOS --- --- Attachment #6 _-- Page 1 of 2 Residential Rate History By Components Clearw ater G as System Total Rate Adiustme nts/Therm Contract LP Month NG/thenm LP/ allon • ECA EIA/RIA# WNA/UTA# PGA PGA PGA/gallon Oct-08 $ 1.990 $ 3.300 $ 0.140 $ - $ - $ 1.270 $ 1.190 $ 2.260 Nov-08 $ 1.990 $ 3.300 $ 0.140 $ - $ - $ 1.270 $ 1.190 $ 2.260 Dec-08 $ 1.940 $ 2.770 $ 0.140 $ - $ - $ 1.220 $ 1.140 $ 1.730 Jan-09 $ 1.750 $ 2.290 # $ 0.090 $ - $ - $ 1.180 $ 1.100 $ 1.200 Feb-09 _ Mar-09 _ Apr-09 May-09 Jun-09 _ Jul-09 Aug-09 _ Sep-09 FY 08/09 Avg. 1.918 2.915 0.128 - - 1.235 1.155 1.863 2008 Avg. 1.965 3.186 0.136 - 0.013 1.237 1.157 2.138 Incr. Above $ 0.090 $ (0.880) $ 0.090) $ - $ - $ 0.100 $ 0.100 $ (0.890 Last Year _ _ Same Month -5°k -28% -50% NA NA 9% 10% -43% Incr. Based $ (4.50 $ (48.09 _ on 50 Therms -2% -26% Equivalent _ Cents/KWH _ 6.0 8.5 for Gas vs. FPC Rate 15.0 15.0 Note: This is Progress Energy's resi dential rate in 8/2008 for usage >1,000 KWH as of 12/2008 +25%, Residential as we understand this increased b about 25% in January, but do not have the exact numbers et. As soon as we et exact numbers we will update this, but we believe this is close. Gas Cheaper _ -- b -60% -43% Notes: * Based on Bul k LP BRLP3 which is applicable for customers using 120.1 - 300 allon ear & equal to Residential LP Will Call (BRWCLP . # New rates im lemented 1/1/2009, with following chan es: _ - RS NG Customer Charge increased $2 from $8 to $10/month & NFE rate droped 10 cents to 48 cents/therm CC +$1/Mo. in 4/1/2005). - BRLP3 LP Customer Charge increased $18 from $72 to $90 ear, and NFE rate raised 10 cent to $1.00/ gallon CC +12/Yr. In 4/1/2005). - EIA changed to RIA & WNA changed to UTA, but no additions to new components of these initially. csvv:08119now Attachment #6 Page 2 of 2 Residential Rate History By Components _ Clearwa ter Gas Sys tem Total Rate Com one nts/Therm Contract LP Month NG/therm LP/ allon'* ECA EIA WNA PGA PGA PGA/ allon 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 Aug-05 $ 1.820 $ 2.220 $O. 140 $ 0.020 $ - $ 1.080 $ 1.010 $ 1.160 Sep-05 $ 1.970 $ 2.300 t .140 $ 0.020 $ - $ 1.230 $ 1.160 $ 1.240 FY 04105 Av 1.803 2.162 . 1 22 0.012 0.004 1.085 1.015 1.174 2004 Av 1.652 1968 . 1 23 - - 9 0879 1.046 Oct-05 $ 2.190 $ 2.530 $ 0.120 $ 0.020 $ - $ 1.470 $ 1.390 $ 1.490 _ Nov-05 $ 2.190 $ 2.530 $ 0.120 $ 0.020 $ - $ 1.470 $ 1.390 $ 1.490 Dec-05 $ 2.260 $ 2.490 $ 0.120 $ 0.020 $ - $ 1.540 $ 1.460 $ 1.450 Jan-06 $ 2.260 $ 2.490 $ 0.120 $ 0.020 $ - $ 1.540 $ 1.460 $ 1.450 Feb-06 $ 2.220 $ 2.460 $ 0.160 $ 0.010 $ - $ 1.470 $ 1.390 $ 1.390 Mar-06 $ 2.220 $ 2.460 $ 0.160 $ 0.010 $ - $ 1.470 $ 1.390 $ 1.390 Apr-06 $ 2.110 $ 2.320 $ 0.170 $ 0.010 $ - $ 1.350 $ 1.270 $ 1.240 May-06 $ 1.960 $ 2.360 $ 0.170 $ 0.010 $ - $ 1.200 $ 1.120 $ 1.280 Jun-06 $ 1.920 $ 2.420 $ 0.180 $ 0.010 $ - $ 1.150 $ 1.070 $ 1.330 Jul-06 $ 1.910 $ 2.500 $ 0.200 $ 0010 $ - $ 1.120 $ 1.040 $ 1.390 Aug-06 $ 1.860 $ 2.600 $ 0.200 $ 0:"G $ - $ 1.070 $ 0.990 $ 1.490 Sep-06 $ 1.860 $ 2.600 $ 0.200 CO. - $ 1.0711 $ 0.990 $ 1. - FY 05/06 Avg. 2.080 2.480 0.1 - 1.247 F-- lAW 2005 Avg. 1.925 2.278 0. 27 0. 1.125 Oct-06 $ 1.940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Nov-06 $ 1,940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Dec-06 $ 1.940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Jan-07 $ 1.940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Feb-07 $ 1.940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Mar-07 $ 1.940 $ 2.600 $ 0.180 $ 0.010 $ - $ 1.170 $ 1.090 $ 1.510 Apr-07 $ 1.940 $ 2.600 $ 0.180 $ - $ 0.030 $ 1.150 $ 1.070 $ 1.490 May-07 $ 1.940 $ 2.740 $ 0.180 $ - $ 0.030 $ 1.150 $ 1.070 $ 1.630 Jun-07 $ 1.920 $ 2.990 $ 0.180 $ - $ 0.030 $ 1.130 $ 1.050 $ 1.880 Jul-07 $ 1.840 $ 2.990 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 1.910 Aug-07 $ 1.840 $ 2.990 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 1.910 Sep-07 $ 1.890 $ 2.990 $ 0.180 $ - $ - $ 1.130 $ 1.050 $ 1.910 FY 06/07 Avg. 1.918 2.742 0.180 0.005 0.008 1.145 1.065 1.649 2006 Avg. 2.012 2.501 0.175 0.011 - 1.246 1.166 1.415 Oct-07 $ 1.840 $ 2.990 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 1.910 Nov-07 $ 1.840 $ 3.170 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 2.090 Dec-07 $ 1.840 $ 3.170 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 2.090 Jan-08 $ 1.840 $ 3.170 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 2.090 Feb-08 $ 1.840 $ 3.170 $ 0.180 $ - $ - $ 1.080 $ 1.000 $ 2.090 Mar-08 $ 1.810 $ 3.120 $ 0.150 $ - $ 0.030 $ 1.050 $ 0.970 $ 2.040 Apr-08 $ 1.810 $ 3.120 $ 0.150 $ - $ 0.030 $ 1.050 $ 0.970 $ 2.040 May-08 $ 1.880 $ 3.120 $ 0.090 $ - $ 0.030 $ 1.180 $ 1.100 $ 2.100 Jun-08 $ 1.990 $ 3.150 $ 0.070 $ - $ 0.030 $ 1.310 $ 1.230 $ 2.150 Jul-08 $ 2.250 $ 3.230 $ 0.150 $ - $ 0.030 $ 1.490 $ 1.410 $ 2.150 Aug-08 $ 2.120 $ 3.440 $ 0.120 $ - $ - $ 1.420 $ 1.340 $ 2.420 Sep-08 $ 2.120 $ 3.340 $ 0.120 $ - $ - $ 1.420 $ 1.340 $ 2.320 FY 07/08 Avg. 1.932 3.183 0.146 - 0.013 1.193 1.113 2.124 2007 Avg. 1.893 2.869 0.180 0.003 0.008 1.123 1.043 1.779 ?/..a... r....a....-..- rL.. -..? i.... -........J L.. 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