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Approving the request of District Energy St. Paul, Inc. to amend District Heating rates for fiscal year 2024.
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WHEREAS, District Energy St. Paul, Inc. filed a notice and official affidavit on August 13, 2023, notifying the City of Saint Paul of a proposed heating rate change; and
WHEREAS, the Saint Paul City Council acknowledged receipt of the notice of proposed heating rate change on September 13, 2023 via RES 23-1361 and directed staff to review and analyze the rate change; and
WHEREAS, the heating rate change became effective October 1, 2023, until approved or denied by the Saint Paul City Council pursuant to Section 6(e) of the Saint Paul Legislative Code, Appendix F - District Heating Franchise; and
WHEREAS, evidence and recommendations have been presented to the City Council in the form of the attached City staff report submitted to the City Council in conjunction with a public hearing on this matter; and
WHEREAS, the overall heating system customer rates as proposed by District Energy St. Paul, Inc. represents a 1.05% increase from fiscal year 2023 rates, and thus formal approval by City Council Resolution is required;
NOW, THEREFORE BE IT RESOLVED, that the City Council approves the following heating system customer billing rates changes as proposed by District Energy St Paul, Inc. per the attached amended Schedule A:
1. The heating demand rate increases from $6.03 to $6.28 per kilowatt per month effective for fiscal year 2024.
2. The heating energy rate increases from $32.75 to $32.75 per megawatt hour effective for fiscal year 2024.
3. The overall heating single rate increases from $0.0753 to $0.0771 per kilowatt hour effective for fiscal year 2024.