PASSED

The enacted ordinance authorized the Philadelphia Facilities Management Corporation to enter into contracts on behalf of the Philadelphia Gas Works for purchasing, storing, transporting, distributing, and transmitting natural gas and related services during an authorized period ending August 31, 2015, with services delivered by August 31, 2016. It set spending limits, approval requirements for certain contract changes and delayed payments, and reporting rules; the related gas costs were paid through Philadelphia Gas Works revenues and affected its ratepayers.

Authorizing the continuation and modification of the extended trial program authorized by Bill No. 090003 by establishing an Authorized Program under which advance approval is given to the Philadelphia Facilities Management Corporation to enter into certain contracts and transactions arising thereunder for the purchase, storage, distribution, transportation and/or transmission of natural and other gas supply on behalf of the Philadelphia Gas Works, subject to certain terms and conditions.