Recommendation to adopt resolution authorizing City Manager to adjust certain rates for natural gas service to reflect market conditions by implementing Gas Rate Schedules 1 through 5, 7, 9, and special conditions and incentives in Exhibits A and B.  (Citywide)
Thank you. And I believe we already handled the consent calendar as item number 18. Next. Yes. Report from team. Report from Long Beach Gas and oil. Recommendation to adopt resolution authorizing the city manager to adjust certain rates for natural gas service to reflect market conditions citywide. Is there emotion? And a second. Thank you. Our staff report. Bob Dow can give us that report for seven. Good evening, Vice Mayor. Council Members Agenda Item 1608 806 to approval to adopt a resolution to adjust certain rates for natural gas services long as meets gas and oil routinely reviews its gas utility rates against those charged by SoCal Gas and other surrounding utilities pursuant to the Long Beach City Charter and the Municipal Code. The CPC recently authorized increases to the gas transmission rates charged by SoCal Gas and SD genie to its ratepayers effective August 1st, 2016. These increases were approved to provide the necessary monies to fund replacement of aging natural gas pipeline infrastructure, to fund pipeline integrity programs as required by federal regulations, and to facilitate compliance of federal and state environmental regulations. The proposed rate increase sought this evening only affects the transmission rates for all customer classifications. The current the commodity price is charged. All customer classifications will continue to reflect the actual cost of monthly gas cost. Revenues collected from the transmission of natural gas not only depends not only on the actual rates, but also on the volumes used by the customers. Between 506 and 515, the volume of natural gas used by all LBGTQ customers decreased approximately 36%. This decrease in volume of natural gas used, along with the increase in pipeline maintenance and regulatory costs, require the proposed increase in transmission rates to meet the ongoing additional operating needs for the average residential customer in the city of Long Beach. This proposed rate increase would net approximately a monthly increase of about $0.87 or a 3% increase. This concludes my report, and I'm available to answer any questions you may have. Thank you. Council Member Eureka. Pierce. Okay. So any public comment on this? I'm seeing none. Please cast your vote.