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GAS ADJUSTMENTS EFFECTIVE JANUARY 2011Apf AM, CLEARWATER GAS SYSTEM?^ D Interoffice Correspondence Sheet CEI 2 2010 TO. William B. Horne 11, City Manager AND 1, IAt k C, ;;; DS AND LEf36SlAV1_' SkVCS DEPT FROM: Chuck Warrington, Managing Director COPIES: Rod Irwin, Assistant City Manager; Rosemarie Call, 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 2011 DATE: December 20, 2010 World Natural Gas supply markets have stabilized; however, we are seeing a slight winter increase in cost. Therefore, we are recommending an increase of 50/therm in our Natural Gas Purchased Gas Adjustment (PGA). The Propane (LP) Gas supply market has been increasing substantially. Therefore, we are recommending that we increase our LP PGA by 290/gallon in January. We are not recommending any change in our Energy Conservation Adjustment (ECA) nor our Regulatory Imposition Adjustment (RIA) for January. But, we are recommending that we implement our Usage & Inflation Adjustment (UTA) at this time at 20/therm or gallon for Residential rates and at 30/therm or gallon for Commercial Standard (Non-Contract) rates. The net effect of these recommended changes is an increase in our typical Residential Natural Gas customer's rate of 70/therm. (+4.8%) and an increase in our typical Residential LP customer's rate of 31¢/gallon (+10.3%). 'T'herefore, we are recommending your approval of the following rates to become effective for billings rendered on and after January 1, 2011: Natural Gas Firm Standard Rate Schedule PGA ....... Natural Gas Interruptible and Contract (Non-Standard) Rate Schedule PGA ....... $0.92 per therm (up 50/therm) $0.84 per therm. (up 50/therm) Propane (LP) Gas Rate Schedule PGA ................. Energy Conservation Adjustment (ECA) $2.19 per gallon (up 290) $0.10 per therm or gallon (no change) Regulatory Imposition Adjustment (ETA) ....................... $0.02 per therm or gallon (no change) Usage & Inflation Adjustment (WNA) - Residential ............ $0.02 per therm or gallon (up 20) Commercial ......... $0.0 3 per therm or gallon (up 3 0) William B. Horne 1.1., City Manager December 20, 2010 Page 2 Attachment #1 shows the status of our Adjustment Recovery Clause balances with actuals thru November. Our objective is to be close to at balance by FY ending. Attachments #2 and 43 show our annual projections for Natural Gas and LP supply costs, respectively. Attachment #4 shows our updated projections for PGA for FY 2010/2011. Attachment 95 shows our calculation of our new iJsage & Inflation Adjustment (UTA). which addresses the impact of Usage reductions (due to the poor economy) and general CPI-....U inflation. Attachments #6 and #7 show the impact of these adjustment clause changes on our overall Natural and LP Gas rates, respectively. Attachment #8 shows our rate history over the past 6+ years and shows our relationship to current electric prices. Please note that page 42 of this analysis shows that over the past 9 ears our residential natural as rates have risen lust 3.7% as compared to a 62% increase for Progress Energy Florida residential rates. That's an average annual increase of 0.4%/ ear for natural as vs. 6.9%/ ear for electric --- a remarkable difference! I should point out that the overall effect is that our typical Residential customer rates are still approximately 61% lower than electric for Natural Gas and LP is now about 9% lower than electric. This follows Progress Energy Florida obtaining FPSC approval for a substantial increase in their rates in the past year. These competitive positions vs. electric are a result of their increases, while we have been steadily decreasing rates due to falling NG supply prices. Additionally, TECO Peoples Gas received approval to increase their natural gas rates, so we are now below their pricing for a typical residential customer. 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 I st billings. If you have any questions on this, please call me. CSW/csw Attachments Approved: ' _ . iam B. Horne II, City Manager U:WIy DocumentsWSOFFICE\WINWORD\GASRATES\Gas Adjustments for January 2011.doc 0 u H e (}/1 C Q h (7 ? 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W a j O a LO LO LO 0 LO IT N O O O N ('14 f-- LO f` } c cJ U C) O r (0 0) f- (0 C0 IT It It ° N. r o N of m r 69- (711- 61). K? Cf} 4!-} 61} 69- 6}} H} 7 y Q> o N N m N 00 m -0 -0 rl Q d d d O O Q d d O Q d d d d d Q d d d O Q d d d d 0 0 d d d d O O d d d d Q d M iz w Z'- w U) r 00 M M 00 Op C7 M M W (v 0 0 00 1-- fl- h LO Lf) V) LO LCD rn V r r a v ? U )) r r t" c"' r r r ?' Y I ?ry a) V M o m la c o ?U c n d V IZ 2 °I z I 4 7 F Q ? F x r M d LO LO O ' V WO g o v z o O LO LSD U ) M M M V V M M N N N ry 2 L L 2 LL I r r r Y ['- r r r 'r r? m . F o C? F O 0 Z o z I? U ? u) a?W 1 y ddrt-v rr??r _ °' 0 0 0 ',00 0 T' 00 1 to +' ? ?^ ? r r r r" r r r r? . O 0 3 f1 ft3 0 01 Qf o O 4 O 'i .-- : CSW 12120120;01 PURCHASED GAS ADJUSTMENT (PGA) CALCULATIONS FOR THE BILLING PERIOD OF 0/112010-09/30, /2011 - U dated for 1/1/2011 1. Differential between the Natural Gas Firm Standard Rate Schedule PGA and the Natural Gas Interruptible & Contract (Non-Standard) Rate Schedule PGA (See attached Page 2) - $0.080 II. Calculation of the Required Natural Gas PGA WACOG for FY 10/11 A. Therm Sales Projection for 10/1/10 - 9/30/11 = 20,800,000 ATTACHMENT #4 B. Projected NG Reservation Cost 10/1/10 - 9/30/11 = Projected NG Commodity Cost 10/1/10 - 9/30/11 = Budgeted Other Supply Related Expenses = Total Recovery Needed for FY 10/11 only = Less Over Recovery of FYTD PGA thru 9/10 = Total Annualized Recovery Needed for FY 10/11 = $ 1,700,000 $ 12,400,000 S 3,500,000 $ 17,600,000 $ (100,000) $ 17,500,000 C. Required Weighted Average Recovery Cost/Therm = $ 0.841 Currently overall PGA Recovery is: 96.7% Therefore, Firm PGA needs to be: $ 0.87 Which makes Contract PGA: $ 0.79 of Firm Rate D. Projected NG PGA Annual Revenue = Pinellas NG PGA = Pasco NG PGA = $ 14,515,779 $ 2,984,221 Total NG PGA = $ 17,500,000 III. Proposed Natural Gas PGA Billing Factors for 10/1/10 - 9/30/11 PGA OnI ECA in PGA Total PGA A. Proposed Standard Rate PGA Billing Factor $ 0.87 $ 0.05 $ 0.92 B. Less Non-Standard Differential for Reservation Cost $ 0.08 1-- §_____T_.08) C. Proposed Non-Standard PGA Billing Factor $ 0.79 $ 0.05 $ 0.84 IV. Proposed LP Gas Billing Factors for 10/1/10 - 9/30/11 $ (Assumes current LP market conditions persist) Note: Includes 0 cents/gallon catch-up to recoup $0 projected under-recovery from 400,000 gallons over the year & 47 cents/gallon to recoup the $190,000 of Admin & CCS projected charges. Base est. was $1.67/gallon. PGA Only- ECA in PGA Total PGA 2.14 $ 0.05 $ 2.19 U:\My documents\EXCEI %GASRATES\FY 10-11gPGA for FY 10-11 - Jan 2011 UPdateASIPGACALC Csw:12/20/2010 ATTACHMENT #5 CALCULATION OF USAGE & INFLATION ADJUSTMENT (UTA) FOR FY 2009/2010 For Billings Be innin Januar 1 2011 Usage Adjustment Calculations: 1. Residential Sin le-Famit Natural Gas Use Customer: Average Number of Total FY 09/10 Therms Used FY 09110 Customers Therm Usage Per Customer 15,334 3,435,101 224.0 Threshhold for application of UTA per Rate Ordinance = Less Than 204 Therefore, no Residential Single Family Usage Adjustment is recommended Applicable FY 09/10 Non-Fuel Revenues = $ 4,251,910.88 2. Commercial Non-Interruptible) Natural Gas Use Customer: Average Number of Total FY 09/10 Therms Used FY 09/10 Customers Therm Usage Per Customer 2,089 12,661,277 6060.9 Threshhold for application of UTA per Rate Ordinance = Less Than 6,307 Shortfall as % of Applicable FY 09/10 Non-Fuel Revenues = -3.90% Applicable FY 09/10 Non-Fuel Revenues = $ 6,900,723.31 Authorized Commercial Usage Recovery for FY 09/10 = $ 269,237.36 Inflation Adjustment Calculations: U. S. Dept. of Labor CPI-U for September 2009 = 215.969 U. S. Dept. of Labor CPI-U for September 2010 = 218.439 CPI-U Inflatoion Increase Applicable to FY 09/10 Revenues = 1.144% Authorized UTA Recove for FY 2009 2010: 1. Residential Single-Family Recovery for FY 2009/2010 Usage Portion = $ - Inflation Portion = $ 48,628.37 Total = $ 48,628.37 Projected Therms & Gallons to Recover on for 1/1/2011- 9/30/2011 = 2,900,000 Projected Residential UTA Recovery Required = $ 0.02 2. Commercial (Non-Interruptible) Recovery for FY 2009/2010 Usage Portion = $ 269,237.36 Inflation Portion = $ 78,922.38 Total = $ 348,159.74 Projected Therms & Gallons to Recover on for 1/1/2011- 9/30/2011 = 12,500,000 Projected Residential UTA Recovery Required = $ 0.03 i l G E 00 r 0 Z j o z UI U U Q 27 ?. U i ° G o ?? U G d? hl O a U U C (7 ?1 ^C c? v ` Z ui n Oa 4J Ua c? LL w w OE w Z a Y J a y J_ z Imo W w F-- C Qa(A Q V/ N i U a' W G 16 M W IL F- LU Z T O N T m 3 w O c _N 3i U) U OW G p G z Q G ] C z 0 i i T f.. c o ¢ z ¢ <1 c o C?I v a? 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N m 0 N N d a d N U N N O O Il 7 W 0) A W co U ? 2 x N F 7. rc O . LL LL U Y. a m O 2 h ro C r m w f' a) ro •'_ 4 c ~ L CL O ? O fC U W G c 0 m m 1-- Q Z O Z C W m a 7 H LL C 7 N =1 LL 0 7_ (a r-) U e f? N N Q (O m N Co U m x p W U o a r- y c ?' ro o a c U z a U m a ¢ W JI U ' ° m° ?` U z z z U m [., C7 d 5¢ z M N Q y A 4 T O T N L c z Ir- Q CO I.- Z CL C y ¢ C m V m V) U f7 U LL + o Q ? U f7 0 C7 C] _ U _ t 7 Z z O i N0 N Q Q z z O v4.. Q1 O N N r N O O Q LL ¢ y d N m W l W a 0 0 0 0 0 J 2 W = Z m ? 0 LU v i 06 a o r w 43 Q z r ° ?» w w w w w c? yr H J a LL } G W _ ?! 41 21 p N d N O c? o N ['1 m v M W N f0 N W a' 2 ' O N C N 61 0 d O d 4 O N N d V p W W LLl 7 CL 0 9 ( m W J J N O 0 a W 7 LLm m A o rn w a o 3 Co w ¢ Y U v3 v1 w w v: ^ (n w wr J C Q¢ 's c1 N o O ?[] cO N ? ?? `v O C M M o O o O O (V N o N n O 4'i Q w U O a - ° ` >- O w 2 J p cv m U Z ¢ a n m m E m Q a m g O c o rn m ¢ a U U? a Q -2 v} w ur w w cs en O - y o p°j N 4 N d V O 6] f`1 C r e /? LL a J ? N U ? C4~ n o C7 P d N N a1 U N N r 6 o 6 . Q J J N z O Y y U K J m A' Cu m J? w w w w v} w F» w ¢ G 4 cp 4 o n 61 m e ¢ W O a ~ O 9 d r N O ('] W N N 4 Cl O N O J r N z 4 LU O M m v 43 ? w vi w EA 69 M o ? ? rn O O O p p Cl! r N Y M ^ O C r N e'i O b M 7 a 4 2 4 N W J m U_ m A > N r LL LL W H ? 5 q w w xv ew w (n w U U J o C, 0 O O C r 0 F (7 Z r O o C w (V m M [p `- N O r N O f w J r O o CV o U U J m W N o? J ? r ? U U p ? ? ? w w w vy e3 vt O 4 4 W¢ O d O A m 0 O O = 7 U e O N O w ?2 t r O C N Q r [V ii 0 N 0 61 m d N V) f7 1Vi H Uj a Z 0 C fJ C E E a' N a o- p 4i ?5 m m 0 M Co d U r r Q w ?» vi w w v? w w N w vi w z Z N U d uj 0 o m 0 N o o N a pf rn r ti rn 4 0 d (p o N m N V I I I J m N N o N N O m ° c? r tq w to w v1 w sq 1A w O O d m m w N LLI LL ¢ C7 LL C7 O __ m rn 0 a ?• p o c rn W m :o 'o ¢ 5 to 0 0 ? o ` C7 ° - O --- <6 z c6 ¢ C QI a y El C p -y ? [? L N U N L O . 'O to 01 C LL p co N O j d N T, m C U Q m co T N 0 m . C N E w 41 2 a p ? N 4 U U ¢ t 0 E N 7 U' T p O N ? O N LL C m 0 U W C O 20- c LL -° z n F- p r• L u LL a U ° m o ? m m es _ T m z w z ? m K - :D m e C M -- t r F a c `m o1 C V m - U Co m 1- ¢° ¢ 2 ° z LU ti a o z z i U CSW 12120120'C Attachment #8 Page 1 of 3 Residential Rate History By Comp onents Clearwater Gas System Month 1 N N Total Rate G G/therm LP/ n? Ad'ustments/Therm Contract LP 1 ECA EIA/RIA# ANA/UTA-Resl# UTA-Comll-- PGA ! PGA PGA/ allon ov S -08 S 1.990 $ 1 990 3.300 3 300 5 0.140 $ S g 1.270 $ . .190 S .260 Dec-08 . - 70.1 $ 0,146 $ 5 $ 0.140 $ S g 5 70 : $ S 1,2 $ 1 220 S 1.190 S 1 1 40 2.260 Jan 09 $ 1.750 $ : 2.2 90 # ,090 ' S $ S . .180 9 $ 1 .1 S S 1 00 11.730 200 Feb-09 1.750 S 90 .2 2 0 $ S $ 1.18D 5 I . 1 100 $ ...... 200 Apr-091 $ r 1.4580 1 $ 410 2270 $ 0.070 $ $ $ $ 1.030 . S . 1. 00 Ma -091 $ May 1 410 , $ 2200 $ 0.040 ! L $ 0 040 $ S I $ 0.890 0.810 5 60 1 Jun-09' S „ . 1.410 1 2266 . $ 004 $ $ - $ 0.890 S 0.810 S 1.160 . ul-09 $ ? 1.350 $ 2.330 1 $ - 0 040 5 $ $ S _ $ 0.890 $ 0.810 ... 0 Au -D9' $ 9 $ 1.350 - - 2.490 . . ? $ 0 040 5 S S $ 0.830 $ 0 830 0750 S 19 .2 0 . Sep-09, $ 1.39D $ I 2.650 `- $ 0.070 ' g 0.010 $ ... $ . $ $ 0.830 5 . 0750 S 0 750 5 1.450 1 570 FY 08109 Avg. $ 1.610 ! $ 2.524 1 $ 0.078 $ 0.001 S $ $ 1.026 $ , . 0.946 $ . 1 470 2008 Avg. 1 $ 1.965 $ 3.186 1 I i $ 0.136 1 $ - $ 0.013 $ $ 1.237 $ 1.157 1 $ . 2.138 Oct-09 _._.-..... ov-091 S _ S 1 390 $ 2.670 __. ... 2 670 .... , $ 0.830 S ?... 0750 S II 1.590 Dec-09 $ J . _ 1 390 $ . 2750 $ 0,070 $ 0.01o ..$ $ $ 0,830 . I S ... 0.750 1 .590 an-101 $ . _.-... 1 380 5 L 2 750 0 .070 $ 0.010 $ 06-1, r $ _ ... - -.. I eb -1 . _.-._. ... 1 480 $ . __.. 2 810 0.010 $ 0 S 0.830 S .750 $ 1. fi70 101 $ Mar - . .... ..... 1.520 . _.. ........... . $ _ .110 . .. $ D.010 $ g 0 110 ?i 6010 $ $ $ 0.8 80 ...3. ... - - 1 _ $ 0.800 1.690 Apr-101 --.._...', ... $ . I ...1_ - ... 880 - . ;..... $ D.11 0 0 $ $ 1 00 . 6 0.92 .... i ' $ 0 920 5 S 0.840 5 0 840 1.760 May-10 $ .490 $ 1 .. -- ..?.. 2.850 ,850 - $ 0 .090 $ 0 030 $ . $ S . 0 810 1 $ 1.760 1 730 Jun -101 $ '.. 1. 460 $ -- 2.950 . .... .- $ 0.090 1 $ 0.030 5 - $ 1 D.860 $ $ 0 . 1 0 780 S . 30 1 Jul-10 $. . Au 10 $ 1 .430 1 $ 1 390 $ 2 2.990 + 3 0 $ 0.090 $ 0.030 g . 1 0830 $.... .... . 0 I .:8 g ....... Se $ . 1.390 $ . 90 3 090 $ 0.090 $ 0.030 S -----.. .$... - _ S 0.790 $ ._ . 0.790 . S .. 1.970 1 FY 09/10 Avg. 1.437 1 $ . 2.865 $ 0 .088 I $ 0 ! $ 018 $ S 1 1.970 2009 Avg. 1 $ 1.464 1 $ 2.418 1 . $ 0.061 1 $ 0.003 $ $ $0.850 $ ! - ! $ 0.920 1 $ 0 0.7 $ 0.840 1 S 1.758 1.353 Oct 10 $ N 10 ._ . 1,47 $ 1 47 $ ......... I 3.02- -0.10 O-V ,...-. _._ $ .._ .... .... $ ..._.... 0.79 15 . 1.90 ov - Dec-10 $ . 1.47 $ 3.02 3.021 $ 0.10 $ 0.02 $ L 0 $ 6.10 $ 02 ' l S $ __ $ ..0.87 $ 0 87 0.79 90 $ n-11 .54 $ .33 . . l . . .. { 0 10 .- ... . -.. - - 0 _ $ 90 _ 1- - Feb-11 $ $ 0_0 2 $ 1 0.02 $ 0.03 5 0.92$ T 084S 2.1 11 Mar-1 1 = May-11 1 f - .....-_.._ Jun_-11 Jul-11 i _-- -- 9 , -- ... - FY 10111 Avg. 1 $ 1.488 ' $ 3.098 $ 0.100 $ 0.020 $ 0.00$ $ 0.008 $0.8 3 $ 0.803 $ 1 973 2D10 Avg. $ 1.457 $ 2.946 1 1 1 $ 0.096 1 $ 0.021 $ - $ - $ 0.86D $ 0.780 1 5 . 1 829 ncr. Above $ ............... .15 $ .58 ......._. .03 ..-.._... _....... _ $ .02 1 $ -._L... ---- . $ $ 0 03 0 09 .. . .. _09. _; $ 0 . 0 52 Last ear a II r- . ... . - . Same onth 1 ° .... 1r ° `... 21 k -._.... - - 10D k ? A N ..... .......... NA . ... 1...1% !..-.. --... ... 12%' °1° -... ?, . Incr. Based $ .._..... .... -. _ 6.75 ...._-? 52 i ...... ' - ....- .. . .. . ...- on 4 - Therms. ---- .... 21%1 ...... 'valent Cents/KWH 5.3; 12.41 for Gas ---- 1 i 1 vs. FPC Rate 13.6 ; 13.61 Note: This is Progress Energy's residential rate ? for usag 1 a X1 000 KWH (Residential) I ? , . 1 I Gas Cheaper -61/ 9/°I 1 / Base LP ( BRL customers using /20.1 - 300 gallons/year & equal to Residential LP Will Call (BRWCLP 1 1 pli ted /1 2l)09, # Newaate plem with owing changes: 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) BRL P3 LP Customer Charge increased $18 from $72 to S90/year and NFE rate rais d 10 t t $1 0 / l . . - changed to RIA & WNA , e cen o changed to UTA but no additions to new com onents of the t ll . 0 ga lon (CC +12/Yr. In 4/1/2005) ._ UTA implemented- m lemented 1/1/2011 , p se ini y. ia 1 CSW-9/29/2009 Attachment #8 Page 2 of 3 Competitive History of NG vs. Electric Rates Month-Year NG Therm Cost September 2001 $ 1.34 $ September 2002 $ 1.36 $ September 2003 $ 1.56 $ September 2004 $ 1.69 $ September 2005 $ 1.97 $ September 2006 $ 1.89 $ September 2007 $ 1.86 $ September 2008 $ 2.12 $ September 2009 $ 1.39 $ September 2010 $ 1.39 $ $ Increase over Last 9 Years $ 0.05 $ % Increase over Last 9 Years 3.7% NG Equivalent KWH Cost 0.046 $ 0.046 $ 0.053 $ 0.058 $ 0.067 $ 0.065 $ 0.063 $ 0.072 $ 0.047 $ 0.047 $ 0.00 $ 3.7% Avg. Annual Inc. Over Last 9 Yrs_ 0.4% 0.4% Progress Energy KWH Cost 0.084 0.074 0.084 0.089 0.097 0.119 0.120 0.120 0.132 0.136 0.05 62% 6.9% NG vs. Electric -46% -37% -37% -35% -31% -46% -47% -40% -64% -65% CsW:12/20/2010 Attachment #8 Page 3 of 3 Annual Average CGS Residential Rates Calender Year Fiscal Year Year GlThenm LP/Gallon lYear * 0880 LP/Gallon! l 199 NA FY 95/96 _ $ NIG/Therm 1995 NA 1996 $ 0.915 $ 1.239 * FY 96/97 $ 1.019 $ 1.370 1997 $ 1.049 $ 1.3$0 FY 97/98 $ 1.054 $ 1.318 1998 $ 1.032 I $ 1.288 FY 98/99 $ 1.052 $ 1.269 1999 $ 1.073 $ 1.311 j FY 99/00 $ 1.152 $ 1.504 2000 $ 1.222 $ 1.584 FY 00/01 $ 1-551 $ 1.649 2001 $ 1.549 ? $ 1.586 ' IFY 01 /02 $ : 1.352 $ 1.488 2002 1.342 $ 1.553 _... FY 02/03 . 1-477 $ 1,817 2003 _ $ ' 1.534 $ 1.864 FY 03/04 .._$._-... i ......1.603 $ 1.913: . 2004 - $ 1.652 $ 1.968 -----... FY 04/05 $ 1.803 $ 2.162 2005 $ 1.925 I 1 FY 05/0 80 2.480 _.._. 2006 $ ?.. - 2.012 f $ _ 2.501 i . ...... - -...._ ; F Y 06/07 ? .._1........ $ I 1.9 $ _... ,_... 2.742 2007 $ 1.8-6-3 1 8 I - . 2008 ..._.. . 1.965 $ 3. 86 j FY 08/09 I $ 1.610 I, $ 2 524 200 9 $ . _...... _....... ? 1.464 i $ 2.418 FY 09/10 $ 1.437 $ 2.865 201 -- 0 $ I 1.457 $ 2.946 FY 10/11 . ....... f . Average : $ 1.472 $ 1.998 $ 1.461 $ 1.966 i Notes: i Based on the Residential Metered Propane schedule which was closed for new custome _-........... --- - --- .............. rs effective March 8, 1999. For 1999 & FY 99/00 and beyond based on Bulk LP (BRLP3 which is applicable for customers using 120.1 - 300 gallons/year & is equal to Residential LP Will Call