clara_city_natural_gas_rate_committee_meeting_minu.md
Clara City Endorses Dooley's Natural Gas Rate Increase Plan
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Description
The Clara City Natural Gas Rate Committee recommended a contract action allowing Dooley’s Natural Gas LLC to increase rates by 3.14% annually for repayment of previous funding. The recommendation includes approval of DNG's capital proposals and sets an annual review process.
Contract Details
Contract Amount
$181,475 per year for three years (total $544,425)
Vendor
DOOLEY'S NATURAL GAS LLC
Agency
City of Clara, MN
Contract Type
UTILITIES
Document Date
November 12, 2024
Contract Term
Three years, beginning June 1, 2024
Renewal Date
2027-06-01
Renewal Info
Three-year term for repayment. Annual financial reviews and future rate stabilization mechanisms to be established. Further discussion for escrow account scheduled for February 2025.
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