PASSED

This enacted ordinance approved Philadelphia Gas Works’ Fiscal Year 2000 capital budget, with total program authorization of up to $59.618 million. It authorized $57.331 million for spending during Fiscal Year 2000 and an additional $10.428 million reserve for projects continuing into future years, while rejecting PGW’s proposed capital forecast for Fiscal Years 2001 through 2005.

Approving the Fiscal Year 2000 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works, including the supplying of funds to be obtained in connection therewith, and rejecting the Forecast for Fiscal Years 2001 through 2005.