City of Philadelphia - File #: 150443

• File #: 150443
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/7/2015
• In control: Committee on Finance
• Final action: 6/18/2015
• Title: Authorizing the extension of the program authorized by Bill No. 110109 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.
• Sponsors: Councilmember Tasco
• Indexes: PHILADELPHIA FACILITIES MANAGEMENT CORPORATION, PHILADELPHIA GAS WORKS

Date	Ver.	Action By	Action	Result	Tally
6/18/2015	0	CITY COUNCIL	READ AND PASSED	Pass	15:0
6/18/2015	0	MAYOR	SIGNED
6/11/2015	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/11/2015	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/11/2015	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/8/2015	0	Committee on Finance	HEARING NOTICES SENT
6/8/2015	0	Committee on Finance	HEARING HELD
6/8/2015	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/7/2015	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Authorizing the extension of the program authorized by Bill No. 110109 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.

Body
WHEREAS, The Philadelphia Facilities Management Corporation ("PFMC") must enter into contracts on behalf of the Philadelphia Gas Works ("PGW") to purchase gas supply, storage, distribution, transportation and transmission services in order to ensure a gas supply sufficient for the estimated maximum requirements of gas users in the City of Philadelphia; and

WHEREAS, Paragraph 2 of Section II of the Agreement Between The City of Philadelphia and the Philadelphia Facilities Management Corporation for the Management and Operation of the Philadelphia Gas Works dated December 29, 1972, authorized pursuant to an Ordinance of Council approved December 29, 1972 (Bill No. 455), as further amended ("Management Agreement/Ordinance") requires PFMC to submit such contracts to the Philadelphia Gas Commission ("Gas Commission") for its recommendations and to Council for approval before entering into them (except in temporary or emergency situations, in which case PFMC must submit contracts for such purchases within thirty (30) days after initiating such purchases to the Gas Commission and Council for their approval); and

WHEREAS, Due to interstate pipeline deregulation in the early 1990's, gas supply, storage, transportation and transmission service transactions now routinely occur in extremely short timeframes on a competitive basis such that PFMC on behalf of PGW must be able to enter into numerous authorized contracts on an expedited basis; and

WHEREAS, Current market conditions make it impracticable for PFMC on behalf of PGW to...