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1983-07-20 Public Hearings and Regular Meeting
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1983-07-20 Public Hearings and Regular Meeting
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City Meetings
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City Council
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Minutes
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7/20/1983
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• <br />• equal to 10% of Sellers Weighted Average Cost of Gas (WACOG) for deliveries <br />at a secondary delivery point. The purpose of the Amendment is to allow <br />Air Products to purchase lower cost gas for use at its Pasadena Plant. <br />III. <br />The 35th day after the filing of this Statement of Intent is August 17, <br />1983, and for purposes complying with provisions of PURA § 43(a), that <br />day is the "effective date of the proposed change." However, Amoco <br />intends and requests that the rate change actually become effective on <br />the 1st of August, 1983. For good cause, this City should allow the <br />rate change to become effective on August 1, 1983, because the agreement <br />for the change in the price of the natural gas was agreed to as a result <br />of arms -length bargaining between Amoco Gas and Air Products and offers <br />Air Products the significant benefit of receiving lower cost gas for its <br />• Pasadena Plant. <br />11 <br />IV. <br />The proposed rate meets the requirements of § 38(b) of the PURA and <br />is agreed to by the parties to the "Gas Purchase Contract Amendment" <br />which is a product of arms -length negotiations. <br />V. <br />The increase in revenue to Amoco Gas, based solely on the proposed <br />change, will be approximately $182,500 per year. <br />VI. <br />Air Products will be the only Amoco Gas customer affected by the <br />proposed change. <br />VI I. <br />No municipalities are served by Amoco Gas. <br />-2- <br />
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