Recommendation to authorize City Manager to adjust rates for natural gas service to recover current and future costs related to Assembly Bill 32, the California Cap-and-Trade Program; and increase appropriations in the Gas Fund (EF 301) in the Long Beach Gas and Oil Department (GO) by $1,800,000.  (Citywide)
Motion carries. Next item. Report from Long Beach Gas and oil recommendation to adjust rates for natural gas service to recover current and future costs related to Assembly Bill 32, the California Cap and Trade Program Citywide. Thank you. Can I get a second on this? Can any public comment on this item? Please cast your votes. It was a question of accounting council it. Yes. Just a quick question of staff. What will this mean to ratepayers? I'm going to turn this over to our interim director of Long Beach Gas and Oil at Farrell. No relation to our port commissioner. And Tony Foster. Councilmember we're looking to add. Per therm 0.0 to. $0.07 per therm, adjusted from 0.02 to $0.03 per therm. Okay. We're going to see an average bill increase of about $0.67. Okay. That that helps. Thank you. Okay. Thank you. Any public comment on this item? Please cast your votes. Council Supernova. Motion carries.