|
Regional Gas Prices
(Projected for Jan. 2007)
Residential
Rates -
Effective 11/1/2007 Effective
1/3/08
|
Base Rate |
$0.11054
per CCF |
$0.11054 per CCF |
|
GCA |
$0.70279
per CCF |
$0.68709 per CCF |
|
GSA |
No
Charge |
No Charge |
|
Customer Charge |
$9.00
per customer account |
$9.00 per customer account |
|
RCC |
0.500 % of the total bill |
0.500 % of the total bill |
|
Base Rate |
$0.15501 per CCF |
$0.15501 per CCF |
|
GCA |
$0.70279 per CCF |
$0.68709 per CCF |
|
GSA |
No
Charge |
No Charge |
|
Customer Charge |
$12.00 per customer account |
$12.00 per
customer account |
|
RCC |
0.500 % of the total bill |
0.500 % of the
total bill |
|
Base Rate |
$0.12496 per CCF |
$0.12496 per CCF |
|
GCA |
$0.70279 per CCF |
$0.68709 per CCF |
|
GSA |
No
Charge |
No Charge |
|
Customer Charge |
$64.00 per customer account |
$64.00 per
customer account |
|
RCC |
0.500 % of the total bill |
0.500 % of the
total bill |
**
All customers are charged the same rate
for a 12-month period.
Q: How often does ENSTAR adjust the gas
price?
A: ENSTAR generally adjusts the cost of gas to its
customers annually, to coincide with the annual
price changes in its long-term gas supply contracts.
Q: Why did the gas price go up in 2007?
A: There are two primary contributors to the
increase in last year’s gas price. First, about 45% of ENSTAR’s
supply in 2007 came from older contracts that are priced in
relation to crude-oil market prices, which were up over 24% from
2006. Second, ENSTAR increased its purchases under the Unocal
contract that started deliveries in 2004. This contract uses a
Lower-48 market-based price, a 36-month average of the natural gas
future prices, which have averaged about $7.2436 during that period
(up about 17% over the 2006 price). Each of these items is
responsible for about 50% of the increase in the Gas Cost Adjustment
(GCA).
Q: Are we going to run out of gas soon?
A:
ENSTAR’s new gas
contracts have encouraged additional exploration and development in
the Cook Inlet. New gas supplies have been found and as a result,
our suppliers have committed to meet all of our needs through 2008,
as well as the majority of our needs into the next decade. ENSTAR
has just signed a new gas supply contract for deliveries to start in
2009. If the contract is approved by the Regulatory Commission of
Alaska, ENSTAR will have suppliers committed to meet all of our
needs through 2010. More exploration and development will be needed
to continue to meet the gas supply needs of Southcentral Alaska.
Click here to view a presentation from ENSTAR, ML&P and Chugach
Electric addressing the gas supply.
2007 Determination
of Gas Cost Adjustment
| (1) |
Current
average cost of system gas supply: |
|
|
|
| |
Base Supply
Contracts |
Estimated
Purchases |
Effective
Rate on 1/3/2007 |
Total (
A X B ) |
| |
|
(
A ) |
(
B ) |
(
C ) |
| a) |
APL-4 |
|
|
$ 63,919,300 |
| b) |
Beluga |
3,000,000
Mcf |
|
$
18,999,000 |
| c) |
Moquawkie |
|
|
$
0 |
| d) |
Unocal |
|
|
$ 126,236,200 |
|
e) |
North Fork (NorthStar) |
|
|
|
|
f) |
North Fork (Phillips) |
|
|
|
|
g) |
Total |
29,814,000 Mcf
|
|
$
209,164,500 |
| (2) |
Balance
of Gas Cost Balance Account at Sept 30, 2006. |
$(1,833,707) |
| |
(immediate prior month end) |
|
|
|
|
(negative
if credit balance) |
|
|
| (3) |
Estimated
Interest Charge (Credit) |
|
|
|
|
Pursuant
to 708c(4) |
|
|
$(91,400) |
|
(4) |
Total of
(1), (2) and (3) above |
|
$ 207,239,393 |
|
(5) |
Mcf Sales
* |
|
|
|
|
(6) |
Weighted
Average Unit Cost of Gas (4 divided by 5) |
$7.0279 |
|
(7) |
Cost of
Gas Base Rate |
|
|
0.0000 |
| (8) |
Gas Cost
Adjustment (6 minus 7) |
|
|
| |
*For a
12 month period beginning January 1, 2007 |
2008 Determination of Gas Cost Adjustment
| (1) |
Current
average cost of system gas supply: |
|
|
|
| |
Base Supply
Contracts |
Estimated
Purchases |
Effective
Rate on 1/1/2008 |
Total (
A X B ) |
| |
|
(
A ) |
(
B ) |
(
C ) |
| a) |
APL-4 |
|
|
$ 54,835,200 |
| b) |
Beluga |
4,000,000
Mcf |
|
$
24,612,800 |
| c) |
Moquawkie |
|
|
$
0 |
| d) |
Unocal |
|
|
$ 138,545,800 |
|
e) |
North Fork (NorthStar) |
|
|
|
|
f) |
North Fork (Phillips) |
|
|
|
|
g) |
Total |
30,282,367 Mcf |
|
$
217,993,800 |
| (2) |
Balance
of Gas Cost Balance Account at Sept 30, 2007. |
$(9,646,016) |
| |
(immediate prior month end) |
|
|
|
|
(negative
if credit balance) |
|
|
| (3) |
Estimated
Interest Charge (Credit) |
|
|
|
|
Pursuant
to 708c(4) |
|
|
$(480,900) |
|
(4) |
Total of
(1), (2) and (3) above |
|
$ 207,866,885 |
|
(5) |
Mcf Sales
* |
|
|
|
|
(6) |
Weighted
Average Unit Cost of Gas (4 divided by 5) |
$6.8709 |
|
(7) |
Cost of
Gas Base Rate |
|
|
0.0000 |
| (8) |
Gas Cost
Adjustment (6 minus 7) |
|
|
| |
*For a
12 month period beginning January 3, 2008 |
Page updated:
Friday May 09, 2008 |
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