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Resolution No. 2018-007RESOLUTION NO. 2018-07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON AMENDING NATURAL GAS RATE SCHEDULE NO. G-2 FOR GAS DISTRIBUTED AND SUPPLIED BY THE CITY WITHIN ITS BOUNDARIES WHEREAS, in connection with the operation of the Vernon natural gas system, the City owns, operates and maintains a gas distribution system, which includes not only mains and appurtenances but also meters, laterals and other connection infrastructure; and WHEREAS, the City Council of the City of Vernon adopted Ordinance No. 1122 on September 5, 2006, providing that rates to be charged for natural gas distributed and supplied by the City within its boundaries shall be set by resolution; and WHEREAS, by memorandum dated March 6, 2018, the General Manager of Public Utilities has recommended that the City Council amend natural gas tariff G-2 (Small Commercial Gas Service), to allow commercial gas customers on the G-2 rate schedule to elect a fixed price for gas supply for specified quantities during a specified term, up to five years; and WHEREAS, the City Council of the City of Vernon desires to approve the amended natural gas tariff G-2 (Commercial Gas Service). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the above recitals are true and correct. SECTION 2: The City Council of the City of Vernon finds that this action is exempt under the California Environmental Quality Act (CEQA), because it is a governmental fiscal activity that will not result in direct or indirect physical changes in the environment, and therefore does not constitute a "project" as defined by CEQA Guidelines section 15378. SECTION 3: The City Council of the City of Vernon hereby revises rate tariff G-2 (Small Commercial Gas Service), to read as set forth in Exhibit A to this Resolution. Such amendment shall become immediately effective. SECTION 4: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 6th day of March, 2018. ATTEST: rV Mari E. Ayala, Jity Clerk APPROVED AS TO FORM: tkll�- � Brian Byun, / Senior Deputy City Attorney - 2 - Name: Melissa' A. arra Title: Mayor / STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, Maria E. Ayala, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2018-07, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, March 6, 2018, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this 12:+" day of March, 2018, at Vernon, California. (SEAL) - 3 - �--t� Mar' E. Ayala, ity Clerk EXHIBIT A CITY OF VERNON NATURAL GAS DEPARTMENT Schedule G-2 COMMERCIAL GAS SERVICE APPLICABILITY This schedule is for combined gas commodity and transportation service to commercial customers using less than 250,000 Therms per year receiving Core gas service through City of Vernon's natural gas system. This schedule is also applicable to all other non-residential customers, regardless of usage volume, that have elected Core Service. Monthly Service Charge: $50 Monthly Transportation Charges: Rate, in Cents per Therm Tier I 0 — 4,187 Therms 17.312 Tier II Over 4,187 Therms 7.735 Commodity Charge: Commodity Charge is equal to the City's Weighted Average Cost of Gas calculated at the SoCalGas Citygate for gas purchased by the City for each month for customers purchasing gas from the City. Gas supply will consist of monthly index price gas, daily market priced gas, and long-term supply purchased for customers purchasing gas from the City. The Commodity Charge includes the cost of transporting the gas to the SoCalGas Citygate. Bond -financed, prepaid gas may be provided to customers at prices not to exceed market prices for monthly index price gas. From time -to -time, the Commodity Charge may include a Purchased Gas Adjustment that will be used to maintain a zero sum gain to City for gas sales. Commodity Administrative Fee: 0.30 Cents per Therm Fixed Price Option: Customers with annual gas consumption above 180,000 Therms shall have the option to request a mutually agreeable fixed price on an annual basis for specific quantities (Fixed Price Gas). Fixed Price Gas shall be passed through at City's cost plus 0.40 Cents per Therm to cover additional administrative work for customized billing and additional gas management. This 0.40 Cents per Therm is in addition to the Commodity Administrative Fee. A Fixed Price Addendum must be executed between Page 1 of 2 City of Vernon Council Resolution 2018-_ effective 2018 Customer and City in order to formalize Fixed Price Gas. Customer shall be responsible for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service, to which Customer agreed when applying for gas service in the first instance, and which incorporates by reference the City of Vernon Rules for Gas Service. SPECIAL NOTES 1. Prior to the commencement of service, Customers purchasing Gas Commodity from City of Vernon shall provide an estimate of each month's consumption, days of operation, and a facility contact responsible for natural gas consuming equipment. 2. Costs for connection of Customer's facility to City's gas system shall be covered by City up to three times the projected annual transportation revenue to the City from the account. Customer shall pay the balance of the costs. The total connection costs include traffic control, trenching, piping, repaving, and installation of the meter, regulator(s), and other equipment required by the City. See also Rule 14. An "Application and Contract for Natural Gas Service" is required. 3. In the event of curtailment, any Customer unable or unwilling to curtail shall be assessed penalty based on the rate per Therm that SoCalGas would charge customers whose volumes used are in violation of curtailment. The City shall not be liable for damages caused by curtailment, discontinuance, or shut off of gas service. 4. Gas purchased under this schedule shall be used only by the Customer and such Gas may not be sold, transported, assigned, distributed, exchanged, or otherwise transferred to benefit another customer or provide non -municipal natural gas to any natural gas user, transporter, or consumer within the City. 5. Any additional transmission costs, taxes, fees, regulatory surcharges, and interstate or intrastate pipeline charges, incurred by City on behalf of Customer will be passed through to Customer at cost. Page 2 of 2 City of Vernon Council Resolution 2018-_ effective , 2018 FIXED PRICE ADDENDUM City of Vernon Natural Gas Rate G-2 Customer: Maximum Fixed Price Acceptable to Customer: $O.xxx per Therm Actual Fixed Price Provided by City of Vernon: $ (To be provided by City) City of Vernon Signature Validating Actual Price: Estimated Month Total Therms Fixed Price Quantity Variable Price Estimate Estimated Month Total Therms Fixed Price Quantity Variable Price Estimate Fixed Price Addendum Page 1 of 2 City of Vernon Council Resolution 2018 effective , 2018 If during any Month Customer is unable to consume all specified Fixed Price Gas, the portion not consumed shall be purchased by City according to the Monthly Commodity Charge, minus 1.0 cent per Therm. Such price may result in a loss or gain for Customer compared to the Fixed Price, dependent on current market conditions. The Variable Price shall be the Monthly Commodity Charge. Customer shall be responsible for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service, to which Customer agreed when applying for gas service in the first instance, and which incorporates by reference the City of Vernon Rules for Gas Service. CUSTOMER: CITY OF VERNON: Signed Signed Printed Printed Title Title Date Date Fixed Price Addendum Page 2 of 2 City of Vernon Council Resolution 2018-_ effective 2018 STAFF REPORT Of rEq� RECEWF RECEIVE® . h 2018 FER 2 12018 MAR 01 G`VFLT tN9v6 CITY CLERK'S OFFICE STAFF REPORT PUBLIC UTILITIES DEPARTMENT DATE: March 6, 2018 TO: Honorable Mayor and City Council FROM: Kelly Nguyen, General Manager of Public Utilities RE: Proposed Resolution Amending Natural Gas Rate Schedule G-2 (Commercial Gas Service) to Add a Fixed Price Option Recommendation A. Find that approval of the proposed action is exempt under the California Environmental Quality Act ("CEQA") review, because it is a governmental fiscal activity that will not result in direct or indirect physical changes in the environment, and therefore does not constitute a "project" as defined by CEQA Guidelines section 15378; and B. Adopt a resolution modifying the gas tariff to allow commercial gas customers on the G-2 rate schedule to elect a fixed price for gas supply. Background This is a proposed gas tariff change to allow commercial gas customers on the G-2 rate schedule to elect a fixed price for gas supply for specified quantities during a specified term, up to five years. Fixed prices provide valued price stability to COV customers, presently desirable following the six -dollar price spike in December 2017, and also because fixed price offerings are historically low, near three dollars per MMBtu. A redline version of the proposed, modified G-2 rate schedule is attached. The following elements are considered for this new service to Vernon gas customers. Eligible Customers This program is designed for larger customers receiving bundled gas service from City of Vernon, specifically 22 customers consuming at least 180,000 Therms per year. The cut-off at 180,000 Therms is because of a natural break in customer size below 180,000. This service has diminishing value to smaller customers because the cost component of natural gas for them is less significant. Consequently, the 22 largest customers will each be contacted to introduce the program, assess interest, and proceed based on each customer's interest. The distribution of the top 22 customers is shown below. The two largest customers are removed such that the scale is Page 1 of 3 not skewed. This is because the largest customer consumes over 3,800,000 Therms per month, over three times the third customer in size. 1,400,0(k 1,200,000 1,000,000 800,000 600,000 400,000 200,000 Annual Bundled Gas Consumption: Top Customers Two top customers are removed: 3,800,000 and 2,700,000Therms per year. Cutoff for Fixed Price Option at 180,000Th/yr ............ 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 6163 65 67 69 Customer Count Wholesale Gas Purchase Fixed price gas provided to customers will be purchased through the Resource Management group such that the risk of price fluctuations is hedged, alleviating price risk to COV. Staff will work diligently through the customer list such that, ideally, one wholesale purchase can be made to cover the fixed price supply to the customers. If we assume that 60 percent of the eligible customer load purchases 80 percent of their requirements at a fixed price, the wholesale purchase will be approximately 2,400 MMBtu per month to provide a perfect hedge. Preliminary discussions have occurred with one credible supplier. The supplier has approved COV's credit to make up to a three-year purchase at this level of volume. Procedure for Customer to Elect a Fixed Price For each customer, monthly quantities will be established with an upper limit price accepted by signature. The format for this is shown on the new addendum to the G-2 Rate Schedule. This communication will be done prior to Resource Management making the overall purchase. When the fixed price is then secured by Resource Management, COV will then write in the final price on the addendum. The completed addendum will then be sent to the customer. Customer Billing The gas billing system does not presently have the ability to accommodate multiple commodity prices for retail customers; however, the proper result can be achieved manually. For the fixed - price customer group, an Excel workbook will be used each month to calculate the weighted Page 2 of 3 average cost of the fixed price and variable price supply for each customer. The calculated price will be manually input into the billing system for each customer, and the calculation is included in each customer billing statement. Though manually intensive, this is readily possible because less than 20 customers are expected to elect a fixed price. Administrative Component of Fixed Price The proposed fixed price language includes an administrative component of $0.004 per Therm to cover the additional billing effort and gas management. The billing component is $0.002 per Therm is based on $1,100 per month of labor cost. The gas management component is also $0.002 per Therm based on additional weekend transaction activity in Resource Management. The administrative component for fixed price transactions is in addition to the Commodity Administrative Fee of $0.003 per Therm. Mitigating Financial Risk to COV Fixed price sales to commercial customers will be backed by fixed price purchases from Vernon's wholesale gas suppliers, facilitated through the Resource Planning Group. Accordingly, price risk is mitigated. Volume risk is mitigated as customers will not be allowed to purchase more than their maximum projected loads, and they will be responsible for price variations in the event they do not take their entire fixed price commitment. The remaining financial risk component is if a customer stops payment prior to the end of a fixed price transaction (for example, bankruptcy), and the fixed price is above market at such time. Such likelihood is very low. Other Changes to G-2 Rate Schedule Beyond the fixed price option, the name for the G-2 Rate Schedule has been changed from "Small Commercial Gas Service" to "Commercial Gas Service." This is appropriate because several larger customers have elected G-2 service to receive the higher level of service priority associated with Core service. Additionally, Special Note 2 has been modified to streamline the language relating to the connection allowance. The "four cents" language no longer applies, as the three-year allowance is always more beneficial to the customer. Propositions 218 and 26 This proposed change is not a rate increase imposed on customers. Rather it gives each customer the option to elect for a fixed price. Subject to approval by the City Attorney, these changes do not require notification to all customers giving them the opportunity to protest. Financial Impact to COV This is a new, optional service for COV gas customers. It is designed such that the COV natural gas enterprise is revenue neutral, supported by the administrative component of the fixed price. Fiscal Impact None. Attachment(s) 1. Resolution 2. G-2 Commercial Gas Service Schedule — Redline Page 3 of 3 CITY OF VERNON NATURAL GAS DEPARTMENT Schedule G-2 COMMERCIAL GAS SERVICE , - Deleted: SMALL -------------------------------------- ---------------------- APPLICABILITY — K Formatted: Right: 0.5" This schedule is for combined gas commodity and transportation service to commercial customers - - - - Formatted: Justified, Right: 0.5" using less than 250,000 Therms per year jeceiving Core gas service through City of Vernon's - - _ _ _ � ' Deleted: small natural gas system. This schedule is also applicable to all other non-residential customers,. Deleted: that have elected regardless of usage volume, that have elected Core Service. -----------;s, Deleted:I RATES Formatted, Indent: Left: 0", Right: 0.5" Formatted: Right: 0.5" Monthly Service Charge: $50 Monthly Transportation Charges: Rate, in Cents per Therm Tier I 0 — 4,187 Therms 17.312 Tier Il Over 4,187 Therms 7.735 Commodity Charge: Commodity Charge is equal to the City's Weighted Average Cost of Gas - - calculated at the SoCalGas Citygate for gas purchased by the City for each month for customers purchasing gas from the City. Gas supply will consist of monthly index price gas, daily market priced gas, and long-term supply purchased for customers purchasing gas from the City. The Commodity Charge includes the cost of transporting the gas to the SoCalGas Citygate. Bond -financed. prepaid gas may be provided to customers at prices not to i' exceed market prices for monthly index price gas. From time -to -time, the i Commodity Charge may include a Purchased Gas Adjustment that will be used to maintain a zero sum gain togjty forgas sales.- - - - - - - - - - - Formatted: Justified, Indent: Left: 0", Hanging: 1.5', Right: 0.5" Deleted: COv Commodity Administrative Fee: 0.30 Cents per Therm .... Deleted: W --------------------- _ Formatted: Right: 0.5" Fixed Price Option: Customers with annual gas consumption above 180,000 Therms shall have Deleted - ---------------------rage Break -------------------- the option to request a mutually agreeable fixed price on an annual basis for specific quantities (Fixed Price Gas). Fixed Price Gas shall be passed through at City's cost plus 0.40 Cents per Therm to cover additional administrative work for customized billing and additional gas management. This 0.40 Cents per Therm is in addition to the Commodity Administrative Fee. A Fixed Price Addendum must be executed between Customer and City in order to formalize Fixed Price Gas. Customer shall be responsible Page 1 of 2 City of Vernon Council Resolution 2018-_ effective , 2018 for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service, to which Customer agreed when applying for gas service in the first instance, and which incorporates by reference the City of Vernon Rules for Gas Service. SPECIAL NOTES 1. Prior to the commencement of service. Customers purchasing Gas Commodity from City of Vernon shall provide an estimate of each month's consumption, days of operation, and a facility contact responsible for natural gas consuming equipment. 2. Costs for connection of Customer's facility to City's gas system shall be Covered by City _ un to three times the projected annual transportation revenue to the City from the account. Customer shall pay the balance of the costs. The total connection costs include traffic control, trenching, piping, repaving, and installation of the meter, regulator(s), and other equipment required by the City. See also Rule 14. An "Application and Contract for Natural Gas Service" is required. 3. In the event of curtailment, any Customer unable or unwilling to curtail shall be assessed penalty based on the rate per Therm that SoCalGas would charge customers whose volumes used are in violation of curtailment. The City shall not be liable for damages caused by curtailment, discontinuance, or shut off of gas service. 4. Gas purchased under this schedule shall be used only by the Customer and such Gas may not be sold, transported, assigned, distributed, exchanged, or otherwise transferred to benefit another customer or provide non -municipal natural gas to any natural gas user, transporter, or consumer within the City. 5. Any additional transmission costs, taxes, fees, regulatory surcharges, and interstate or intrastate pipeline charges, incurred by City on behalf of Customer will be passed through to Customer at cost. Page 2 of 2 City of Vernon Council Resolution 2018-_ effective , 2018 Formatted: Right: 0.5" Formatted: Justified, Right: 0.5" Deleted: shared between Customer and City. City shall contribute an amount equal to the greater of: (1) four cents per Therm multiplied by Customer's projected annual usage, not to exceed fifty percent of the total connection cost incurred for work done by the City; or (2) Formatted: Justified Formatted: Justified, Right: 0.5" Deleted: FIXED PRICE ADDENDUM City of Vernon Natural Gas Rate G-2 Customer: Maximum Fixed Price Acceptable to Customer: $O.xxx per Therm Actual Fixed Price Provided by City of Vernon: $ (To be provided by City) ut or vernon,m nature vanuaun rlcwal ruler. Estimated Fixed Variabl Total Price Price Therms Quantit.✓ Estimat Estimated Fixed Variabl Total Price Price Therms Quantit;✓ Estimat N �u iU Fixed Price Addendum Pa e Of 23 - 1 City of Vernon Council Resolution 0� 18-_ effective, _ _. 2018 Deleted: 1 Formatted: Default Paragraph Font, Font: 12 pt Deleted: 2 Formatted: Default Paragraph Font, Font: 12 pt Formatted: Normal, Left, No widow/orphan control Deleted: 2013-64 Deleted: June 18, 2013 If during any Month Customer is unable to consume all sMified Fixed Price Gas, the portion not consumed shall be purchased by City according to the Monthly Commodity Charge minus 1.0 cent per Therm. Such price may result in a loss or gain for Customer compared to the Fixed Price, dependent on current market conditions The Variable Price shall be the Monthly Commodity Charge. Customer shall be responsible for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service to which Customer agreed when aping for as service in the first instance and which incorporates by reference the City of Vernon Rules for Gas Service. CUSTOMER: Signed Printed Date CITY OF VERNON: Signed Printed Title Date I �n Fixed Price Addendum Page J_of 22 1 -- - - - - . City of Vernon Council Resolution 0� lg_ effectivet _ _. 2018 Deleted: I Formatted: Default Paragraph Font, Font: 12 pt Deleted: 2 Formatted: Default Paragraph Font, Font: 12 pt Formatted: Normal, Left, No widow/orphan control Deleted: 2013-64 Deleted: June 18, 2013 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON AMENDING NATURAL GAS RATE SCHEDULE NO. G-2 FOR GAS DISTRIBUTED AND SUPPLIED BY THE CITY WITHIN ITS BOUNDARIES WHEREAS, in connection with the operation of the Vernon natural gas system, the City owns, operates and maintains a gas distribution system, which includes not only mains and appurtenances but also meters, laterals and other connection infrastructure; and WHEREAS, the City Council of the City of Vernon adopted Ordinance No. 1122 on September 5, 2006, providing that rates to be charged for natural gas distributed and supplied by the City within its boundaries shall be set by resolution; and WHEREAS, by memorandum dated March 6, 2018, the General Manager of Public Utilities has recommended that the City Council amend natural gas tariff G-2 (Small Commercial Gas Service), to allow commercial gas customers on the G-2 rate schedule to elect a fixed price for gas supply for specified quantities during a specified term, up to five years; and WHEREAS, the City Council of the City of Vernon desires to approve the amended natural gas tariff G-2 (Commercial Gas Service). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the above recitals are true and correct. SECTION 2: The City Council of the City of Vernon finds that this action is exempt under the California Environmental Quality Act (CEQA), because it is a governmental fiscal activity that will not result in direct or indirect physical changes in the environment, and therefore does not constitute a "project" as defined by CEQA Guidelines section 15378. SECTION 3: The City Council of the City of Vernon hereby revises rate tariff G-2 (Small Commercial Gas Service), to read as set forth in Exhibit A to this Resolution. Such amendment shall become immediately effective. SECTION 4: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 6th day of March, 2018. ATTEST: Maria E. Ayala, City Clerk APPROVED AS TO FORM: Brian Byun, Senior Deputy City Attorney Name: Title: Mayor / Mayor Pro-Tem - 2 - STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, Maria E. Ayala, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. , was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, March 6, 2018, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this day of March, 2018, at Vernon, California. (SEAL) - 3 - Maria E. Ayala, City Clerk EXHIBIT A CITY OF VERNON NATURAL GAS DEPARTMENT Schedule G-2 COMMERCIAL GAS SERVICE APPLICABILITY This schedule is for combined gas commodity and transportation service to commercial customers using less than 250,000 Therms per year receiving Core gas service through City of Vernon's natural gas system. This schedule is also applicable to all other non-residential customers, regardless of usage volume, that have elected Core Service. RATES Monthly Service Charge: $50 Monthly Transportation Charges: Rate, in Cents per Therm Tier I 0 — 4,187 Therms 17.312 Tier II Over 4,187 Therms 7.735 Commodity Charge: Commodity Charge is equal to the City's Weighted Average Cost of Gas calculated at the SoCalGas Citygate for gas purchased by the City for each month for customers purchasing gas from the City. Gas supply will consist of monthly index price gas, daily market priced gas, and long-term supply purchased for customers purchasing gas from the City. The Commodity Charge includes the cost of transporting the gas to the SoCalGas Citygate. Bond -financed, prepaid gas may be provided to customers at prices not to exceed market prices for monthly index price gas. From time -to -time, the Commodity Charge may include a Purchased Gas Adjustment that will be used to maintain a zero sum gain to City for gas sales. Commodity Administrative Fee: 0.30 Cents per Therm Fixed Price Option: Customers with annual gas consumption above 180,000 Therms shall have the option to request a mutually agreeable fixed price on an annual basis for specific quantities (Fixed Price Gas). Fixed Price Gas shall be passed through at City's cost plus 0.40 Cents per Therm to cover additional administrative work for customized billing and additional gas management. This 0.40 Cents per Therm is in addition to the Commodity Administrative Fee. A Fixed Price Addendum must be executed between Page 1 of 2 City of Vernon Council Resolution 2018-_ effective , 2018 Customer and City in order to formalize Fixed Price Gas. Customer shall be responsible for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service, to which Customer agreed when applying for gas service in the first instance, and which incorporates by reference the City of Vernon Rules for Gas Service. SPECIAL NOTES 1. Prior to the commencement of service, Customers purchasing Gas Commodity from City of Vernon shall provide an estimate of each month's consumption, days of operation, and a facility contact responsible for natural gas consuming equipment. 2. Costs for connection of Customer's facility to City's gas system shall be covered by City up to three times the projected annual transportation revenue to the City from the account. Customer shall pay the balance of the costs. The total connection costs include traffic control, trenching, piping, repaving, and installation of the meter, regulator(s), and other equipment required by the City. See also Rule 14. An "Application and Contract for Natural Gas Service" is required. 3. In the event of curtailment, any Customer unable or unwilling to curtail shall be assessed penalty based on the rate per Therm that SoCalGas would charge customers whose volumes used are in violation of curtailment. The City shall not be liable for damages caused by curtailment, discontinuance, or shut off of gas service. 4. Gas purchased under this schedule shall be used only by the Customer and such Gas may not be sold, transported, assigned, distributed, exchanged, or otherwise transferred to benefit another customer or provide non -municipal natural gas to any natural gas user, transporter, or consumer within the City. 5. Any additional transmission costs, taxes, fees, regulatory surcharges, and interstate or intrastate pipeline charges, incurred by City on behalf of Customer will be passed through to Customer at cost. Page 2 of 2 City of Vernon Council Resolution 2018-_ effective , 2018 FIXED PRICE ADDENDUM City of Vernon Natural Gas Rate G-2 Customer: Maximum Fixed Price Acceptable to Customer: $O.xxx per Therm Actual Fixed Price Provided by City of Vernon: $ (To be provided by City) City of Vernon Signature Validating Actual Price: Estimated Month Total Therms Fixed Price Quantity Variable Price Estimate Estimated Month Total Therms Fixed Price Quantity Variable Price Estimate Fixed Price Addendum Page l of 2 City of Vernon Council Resolution 2018-_ effective 2018 If during any Month Customer is unable to consume all specified Fixed Price Gas, the portion not consumed shall be purchased by City according to the Monthly Commodity Charge, minus 1.0 cent per Therm. Such price may result in a loss or gain for Customer compared to the Fixed Price, dependent on current market conditions. The Variable Price shall be the Monthly Commodity Charge. Customer shall be responsible for payment of Fixed Price Gas in accordance with City of Vernon Contract for Gas Service, to which Customer agreed when applying for gas service in the first instance, and which incorporates by reference the City of Vernon Rules for Gas Service. CUSTOMER: CITY OF VERNON: Signed Signed Printed Printed Title Title Date Date Fixed Price Addendum Page 2 of 2 City of Vernon Council Resolution 2018-_ effective 2018