(A) The base monthly rate for natural gas service inside corporate limits of the village based on furnishing 1,000 BTU per cubic foot natural gas at 60°F are as follows.
For general and space heating use (Rates effective 1-1-24) | |
First 1,000 cubic feet | $16 |
Every 1,000 cubic feet thereafter | Based on gas purchase price, plus distribution/ overhead cost: $0.45738 |
(B) The base monthly rate for natural gas service outside corporate limits of the village based on furnishing 1,000 BTU per cubic foot natural gas at 60°F are as follows.
For general and space heating use (Rates effective 1-1-24) | |
First 1,000 cubic feet | $17.60 |
Every 1,000 cubic feet thereafter | Based on gas purchase price, plus distribution/ overhead cost: $0.50358 |
(C) There is hereby established a purchased gas adjustment charge, which will be automatically added to or subtracted from the rates set forth in division (A) above. The purchased gas adjustment charge shall be calculated monthly on the tenth day of each month, and shall be the difference in cost per 1,000 cubic feet delivered to the village delivery station as of 11-1-2007, and the cost as of the tenth day of the month in which the calculation is made. The purchased gas adjustment charge shall be applied to all gas metered between the day on which it is calculated and the tenth day of the succeeding month.
(D) Beginning in November 2008, and every November thereafter, the Utilities Committee of the Village Board shall determine, based on the most recent audit, any percentage increase or decrease in overhead expense for the Gas Department in the previous year. At a regular or special Board meeting in December 2008, and every December thereafter, the Utilities Committee shall report any such percentage increase or decrease in the overhead expenses of the Gas Department to the Village Board, which report shall be placed in the minutes of the meeting. Effective 1-1-2009, and January 1 of every year thereafter, the base gas rates established in division (A) above will be increased or decreased by the percentage increase reported by the Utilities Committee, unless the Village Board by resolution determines otherwise. Should the Utilities Committee fail to report the percentage increase or decrease to the Village Board, then the foregoing base gas rates will be increased or decreased by the rate of increase in the Consumer Price Index for All Urban Consumers (CPI-U) as published by the U.S. Department of Labor, Bureau of Labor Statistics, for the previous calendar year, without further amendment of this chapter, unless the Village Board by resolution determines otherwise. The new rates shall be published on the village website.
(E) (1) For a period not to exceed 36 months following the effective date of this amendment, all natural gas customers of the Village of Riverton will pay a monthly surcharge as follows: residential gas customers (both within and outside the corporate limits) will pay a $12 monthly surcharge to be added to their monthly billing statements.
(2) Small commercial/industrial users (based on their February 2021 consumption) will be charged a $40 monthly surcharge to be added to their monthly billing statements.
(3) Large commercial/industrial users (based on their February 2021 consumption) will be charged a $100 monthly surcharge to be added to their monthly bills.
(4) The lists of small and large commercial/industrial users is available for inspection in the village office.
(5) Over this 36 month period, new residential customers will be charged the $12 monthly surcharge, and all new commercial/industrial customers will be charged the $40 monthly surcharge.
(6) These monthly surcharges will be in place for a period not to exceed 36 months or when the village is able to pay off the Illinois finance loan (either by forgiveness by the state of Illinois, with federal assistance or otherwise), whichever comes first.
(Prior Code, § 50G.007) (Ord. 2002-06, passed - -; Ord. 2003-003, passed - -; Ord. 2003-032, passed - -; Ord. 2004-021, passed - -; Ord. 2005-005, passed - -; Ord. 2005-010, passed - -; Ord. 2006-001, passed - -; Ord. 2008-001, passed 1-21-2008; Ord. 18-020, passed 11-19-2018; Ord. 19-037, passed 11-18-2019; Ord. 20-020, passed 11-16-2020; Ord. 21-007, passed 3-15-2021; Ord. 21-020, passed 12-6-2021; Ord. 22-023, passed 11-21-2022; Ord. 23-018, passed 12-4-2023)
Editor’s note:
Utility rate analysis and changes became effective 1-1-2012.