City of Philadelphia - File #: 000590

• File #: 000590
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 9/21/2000
• In control: Committee of the Whole
• Final action: 11/2/2000
• Title: Amending an ordinance approved April 11, 2000 (Bill No. 000005), adopting the Operating Budget for Fiscal Year 2001, by making, in accordance with Section 2-301(a) of the Philadelphia Home Rule Charter, certain additional appropriations needed to meet the unanticipated emergency created by a cash flow crisis at the Philadelphia Gas Works.
• Sponsors: Councilmember Krajewski
• Indexes: PHILADELPHIA GAS WORKS

Date	Ver.	Action By	Action	Result	Tally
11/15/2000	1	MAYOR	SIGNED
11/2/2000	1	CITY COUNCIL	READ
11/2/2000	1	CITY COUNCIL	PASSED	Pass	14:3
10/19/2000	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/19/2000	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
10/19/2000	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
10/17/2000	0	Committee of the Whole	HEARING HELD
10/17/2000	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
10/17/2000	0	Committee of the Whole	AMENDED
10/12/2000	0	Committee of the Whole	RECESSED
10/11/2000	0	Committee of the Whole	RECESSED
9/27/2000	0	Committee of the Whole	HEARING HELD
9/27/2000	0	Committee of the Whole	RECESSED
9/21/2000	0	CITY COUNCIL	Introduced	Pass
9/21/2000	0	CITY COUNCIL	Referred

Title
Amending an ordinance approved April 11, 2000 (Bill No. 000005), adopting the Operating Budget for Fiscal Year 2001, by making, in accordance with Section 2-301(a) of the Philadelphia Home Rule Charter, certain additional appropriations needed to meet the unanticipated emergency created by a cash flow crisis at the Philadelphia Gas Works.
Body
WHEREAS, The Operating Budget of the City was adopted by Council and approved by the Mayor on April 11, 2000, in accordance with the requirements of the Philadelphia Home Rule Charter ("Charter"); and

WHEREAS, The Operating Budget as adopted provided for General Fund appropriations of two billion eight hundred thirty million four hundred fifty five thousand nine hundred eighteen dollars ($2,830,455,918); and

WHEREAS, The City of Philadelphia (City) owned Philadelphia Gas Works (PGW) has requested of the Public Utility Commission a rate increase to bolster its fragile financial position; and

WHEREAS, Said rate increase would not take effect in time to infuse PGW with sufficient cash to enable the company to buy natural gas for the coming winter and meet payroll obligations; and

WHEREAS, The City has proposed a loan of forty five million ($45,000,000) dollars to PGW to allow the company to bridge the gap between when the natural gas is purchased and when the revenue from the proposed rate increase would begin to be realized; and

WHEREAS, Section 2-301 of the Charter expressly permits Council to make additional operation appropriations "to meet emergencies which could not be anticipated when the operating budget ordinance was passed;" and

WHEREAS, The cash crisis at PGW could not have been reasonably anticipated by City Council at the time of the adoption of the Operating Budget Ordinance for Fiscal Year 2001 (Bill No. 000005); and

WHEREAS, The Council wishes to avoid curtailment of essential natural gas services by providing for a loan to PGW; and

WHEREAS, The payment of the loan req...