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11/07/2017 (2)
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11/07/2017 (2)
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Last modified
5/1/2025 12:00:54 PM
Creation date
12/13/2017 3:45:06 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/07/2017
Meeting Body
Board of County Commissioners
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Florida City Gas <br />FPSC Natural Gas Tariff <br />Volume No. 9 <br />inal Sheet No. 75 <br />RIDER "A" <br />Purchased Gas Adjustment ("PGA") <br />Applicable to all Customers taking Sales Service from the Company under all GS, GL, RSG, <br />CSG and NGV Rate Schedules. The PGA Charge, as defined herein, is designed to recover the <br />cost to the Company of purchased gas or fuel used as a substitute for or supplemental to <br />purchased gas including the cost of storing or transporting said gases or fuel, the cost of financial <br />instruments employed to stabilize gas costs, other charges or credits as may result from the <br />operation of other tariff provisions, and taxes and assessments in connection with the purchase <br />and sale of gas. <br />A. The rate per therm for gas supplied in any billing period shall be adjusted by the <br />Company's expected weighted average cost of gas (WACOG), and other adjustments as specified <br />and approved by the Florida Public Service Commission. The WACOG may not exceed the <br />Commission approved purchased gas cost recovery factor based on estimated gas purchases for <br />the twelve-month period ending December 31st, in accordance with the methodology adopted by <br />the Commission. The factor determined as set forth above shall be multiplied by 1.00503 for <br />regulatory fees, and rounded to the nearest $0.00001 per therm, to be applied to the total number <br />of therms consumed by the Customer during the billing period. <br />B. The PGA cap recovery factor approved by the Commission for the billing months of <br />January 2018 through December 2018 is $0.75850 per therm. <br />C. If re -projected gas cost expenses for the remaining period exceed projected <br />recoveries by at least 10% for the twelve-month period, a midcourse correction may formally be <br />requested by the Company. For changes in market conditions and costs, the Company, upon one <br />day's notice to the Commission, shall have the option of flexing downward (reducing the WACOG) <br />or upward (increasing the WACOG) to the extent that the increase does not exceed the authorized <br />cap. The current month WACOG may be adjusted for prior months' differences between projected <br />and actual costs of gas purchased, but may not exceed the approved cap for the period. <br />D. Any overrecovery or underrecovery of purchased gas costs by the Company as a <br />result of adjustments made pursuant to the above shall be "trued -up" (refunded to Customer or <br />collected by Company) with interest, during succeeding billing periods as an adjustment to the <br />WACOG, in accordance with the methodology adopted by the Commission, or as such <br />methodology may be amended from time to time by further order of the Commission. <br />Issued by: Carolyn Bermudez Effective: <br />Vice President, Florida City Gas <br />P, L4�100 <br />
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