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

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Presentation transcript:

Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013 Capex Consulting Group Web site: Falfurrias Utility Board Falfurrias, Texas

Seven Year Financial Performance Page: 2

Operating Expenses Trends Page: 3

Key Metrics by Customer Class Page: 4

Page: 5

History of Gas Purchases and Sales Page: 6

Advantages of Therm Billing Page: 7 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’s natural 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 Page: 8

History of Account Growth Page: 9

Page: 10

Average Cost of Delivered MMBTU, net of Wholesale Gas Cost Page: 11

FUB - Current Retail Natural Gas Rate Structure Page: 12

Residential Natural Gas Rate Comparison Usage = 10 CCF Page: 13

Commercial Natural Gas Rate Comparison Usage = 200 CCF Page: 14

Forecast Net Revenue Required from Rates Page: 15

Forecast Cash Flow under Current Rates Page: 16

Proposed Gas Rates: Residential ICL Page: 17

Proposed Gas Rates: Residential OCL Page: 18

Proposed Gas Rates: Commercial ICL Page: 19

Proposed Gas Rates: BCDC Page: 20

Pro Forma Cash Flow under Restructured Rates – Average Consumption Page: 21

Recommended Next Steps Page: 22 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