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Finance committee directs staff to use Proposition 26 as design principle for 2026 gas cost‑of‑service study
Summary
The Finance Committee voted unanimously to recommend that City Council direct staff to use Proposition 26’s reasonable‑cost standard as the guiding principle for the 2026 gas cost‑of‑service analysis, and to work with the Utilities Advisory Commission subcommittee under a timeline aimed at January 2026 effective rates.
The Palo Alto City Council Finance Committee voted unanimously Sept. 2 to recommend that the City Council direct staff to use Proposition 26’s reasonable‑cost requirement as the principal design principle for the 2026 gas cost‑of‑service analysis (COSA) and to proceed on a schedule that could support rates effective Jan. 1, 2026.
Staff told the committee the Utilities Advisory Commission (UAC) had debated several possible design principles and recommended relying on Proposition 26 while forming a UAC subcommittee to work with staff and the rate‑making consultant to develop the gas COSA. Staff provided a tentative timeline: staff and the consultant will work with a UAC subcommittee in September–October; staff expects the UAC…
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