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Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013

Falfurrias Utility Board Falfurrias, Texas. Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013 Capex Consulting Group Email: jsnowden@capexconsulting.com Web site: www.capexconsulting.com. Seven Year Financial Performance.

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Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013

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  1. Falfurrias Utility Board Falfurrias, Texas Natural Gas Rate Study and Long-Term Financial Plan Presented November 19, 2013 Capex Consulting Group Email: jsnowden@capexconsulting.com Web site: www.capexconsulting.com

  2. Seven Year Financial Performance

  3. Operating Expenses Trends

  4. Key Metrics by Customer Class

  5. History of Gas Purchases and Sales

  6. Advantages of Therm Billing • The energy factor of the natural gas is derived from the corresponding monthly statement provided by the City’s wholesale natural gas supplier • By billing in therms, FUB’snatural gas customers will pay for the heating value of their natural gas, not the volume of gas used • Losses should be reduced as a result of the conversion

  7. Cost of Unsold / Unaccounted Gas

  8. History of Account Growth

  9. Average Cost of Delivered MMBTU, net of Wholesale Gas Cost

  10. FUB - Current Retail Natural Gas Rate Structure

  11. Residential Natural Gas Rate Comparison Usage = 10 CCF

  12. Commercial Natural Gas Rate Comparison Usage = 200 CCF

  13. Forecast Net Revenue Required from Rates

  14. Forecast Cash Flow under Current Rates

  15. Proposed Gas Rates: Residential ICL

  16. Proposed Gas Rates: Residential OCL

  17. Proposed Gas Rates: Commercial ICL

  18. Proposed Gas Rates: BCDC

  19. Pro Forma Cash Flow under Restructured Rates – Average Consumption

  20. Recommended Next Steps • Evaluate no-charge gas accounts • Consider billing in hundreds of units instead of thousands • Consider billing in MMBTus instead of Cubic Feet • Incorporate Staff, Board, and Council comments into study • Advise ratepayers of proposed increases • Draft rate ordinance

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