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Long Beach
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Gas fund reserves below policy minimum

Long Beach

Summary

The gas fund is projected to end the year with only about $600,000 in reserves — far below the policy minimum of $26 million. Commissioners pressed staff on a plan to rebuild reserves, with budget sessions set for May and adoption in June.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Apr 16, 2026.

Impact analysis

💰Financial impact

Gas fund reserves projected at roughly $600,000 versus a $26 million policy minimum; budget and rate adoption scheduled June 4.

✅Who benefits

Ratepayers if reserves are rebuilt without steep rate increases.

⚠️Who could be affected

Gas customers could face future rate pressure if reserves are not rebuilt.

Mentions & discussions (1)

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