PASSED

This enacted ordinance approved up to $71,956,000 for Philadelphia Gas Works’ Fiscal Year 2009 capital projects, subject to conditions on spending, transfers, and project deadlines. It also acknowledged PGW’s forecast of capital budgets for Fiscal Years 2010 through 2014 and required oversight by the Gas Commission.

Approving the Fiscal Year 2009 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 2010 through 2014.