PASSED

This enacted ordinance approved up to $70.648 million for Philadelphia Gas Works’ Fiscal Year 2008 capital projects, covering the period from September 1, 2007, through August 31, 2008. It also acknowledged PGW’s projected capital budgets for 2009 through 2013 and placed conditions on certain spending, including requirements for Gas Commission review and limits on transfers and the lifespan of budget items.

An Ordinance Approving the Fiscal Year 2008 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 2009 through 2013.