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Approving the Fiscal Year 2001 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works, including the supplying of funds to be obtained in connection therewith, and rejecting the Forecast for Fiscal Years 2002 through 2006.
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WHEREAS, Section IV(2)(b) of the Agreement Between the City Of Philadelphia And The Philadelphia Facilities Management Corporation For The Management and Operation of The Philadelphia Gas Works ("the Management Agreement") requires the Philadelphia Gas Works ("PGW" or "the Gas Works") to prepare annually a proposed capital budget for the ensuing year and a forecast for the six (6) years comprising the ensuing budget year and the five (5) years next following; and
WHEREAS, On June 19, 2000, the Philadelphia Gas Works ("PGW") filed with the Gas Commission its Proposed Capital Budget for Fiscal Year ("FY") 2001 totaling forty-nine million, six hundred eighty-eight thousand dollars ($49,688,000) and an outyear Forecast of Capital Budgets for Fiscal Years 2002 through 2006, together with supporting documentation and the testimony of various PGW witnesses.
WHEREAS, On July 7, 2000, PGW filed a capital budget financing plan, a revised outyear forecast, and supplemental testimony; and
WHEREAS, On July 21, 2000, PGW filed the Direct Testimony of the City Finance Director, Janice Davis, in which she advised the Gas Commission that PGW's proposed FY 2001 Capital Budget proposal was satisfactory to her in form and extent; and
WHEREAS, On September 26, 2000, the Gas Commission endorsed a recommendation that the City Council approve a grant of continued capital spending authority to PGW during FY 2001 subject to such final recommendation as the Gas Commission might make and such final action as the City Council might ultimately take with respect to the proposed FY 2001 Capital Budget; and
WHEREAS, On November 27, 2000, Hearing Examiner Tarleton D. Williams issued a Recommended...
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