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Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013 PowerPoint PPT Presentation


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Falfurrias Utility Board Falfurrias, Texas. Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013 Capex Consulting Group Email: [email protected] Web site: www.capexconsulting.com. Seven Year Financial Performance.

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Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013

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Falfurrias Utility Board Falfurrias, Texas

Natural Gas Rate Study

and Long-Term Financial Plan

Presented

November 19, 2013

Capex Consulting Group

Email: [email protected]

Web site: www.capexconsulting.com


Seven Year Financial Performance


Operating Expenses Trends


Key Metrics by Customer Class


History of Gas Purchases and Sales


Advantages of Therm Billing

  • The energy factor of the natural gas is derived from the corresponding monthly statement provided by the City’s wholesale natural gas supplier

  • By billing in therms, FUB’snatural gas customers will pay for the heating value of their natural gas, not the volume of gas used

  • Losses should be reduced as a result of the conversion


Cost of Unsold / Unaccounted Gas


History of Account Growth


Average Cost of Delivered MMBTU, net of Wholesale Gas Cost


FUB - Current Retail Natural Gas Rate Structure


Residential Natural Gas Rate Comparison Usage = 10 CCF


Commercial Natural Gas Rate Comparison Usage = 200 CCF


Forecast Net Revenue Required from Rates


Forecast Cash Flow under Current Rates


Proposed Gas Rates: Residential ICL


Proposed Gas Rates: Residential OCL


Proposed Gas Rates: Commercial ICL


Proposed Gas Rates: BCDC


Pro Forma Cash Flow under Restructured Rates – Average Consumption


Recommended Next Steps

  • Evaluate no-charge gas accounts

  • Consider billing in hundreds of units instead of thousands

  • Consider billing in MMBTus instead of Cubic Feet

  • Incorporate Staff, Board, and Council comments into study

  • Advise ratepayers of proposed increases

  • Draft rate ordinance


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