PASSED

This enacted ordinance further revises Philadelphia Gas Works’ Fiscal Year 2006 capital budget, raising the spending limit from $65.835 million to $68.145 million. The additional funding covers increased costs for high-pressure load growth projects and a new Civic Center Boulevard project line item, while keeping limits on transfers between budget items and requiring the total cap not be exceeded.

Further amending Bill No. 050792, entitled "An Ordinance approving the Fiscal Year 2006 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works (including the supplying of funds in connection therewith) subject to certain constraints and conditions, and acknowledging receipt of the Forecast of Capital Budgets for Fiscal Years 2007 through 2011", as previously amended by Bill No. 060011, by approving a further revised Capital Budget for Fiscal Year 2006.