Resolution No. 4333
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RESOLUTION NOo 4333
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON CHANGING
THE FUEL COST ADJUSTMENT BILLING-FACTOR CHARGED FOR ELECTRICAL
ENERGY DISTRIBUTED AND SUPPLIED TO ITS ELECTRICAL CONSUMERS
THE CITY COUNCIL OF THE CITY OF VERNON RESOLVES AS FOLLOWS:
WHEREAS, Ordinance Noo 849 of the City of Vernon fixes
certain rates to be charged for electrical energy distributed
and supplied by said City of Vernon within its boundaries, and
WHEREAS, Ordinance Noo 850 amends Ordinance Noo 849 and
provides for a fuel clause adjustment billing factor and for
changes in such billing factor to be made from time to time by
resolutions of the City Council of the City of Vernon when, in
the City Council's opinion, such changes are necessary for the
sound financial position of the Light and Power Operating Funds,
and
WHEREAS, Edison has been authorized by the Federal Power
Commission to change the R-2 (FPC 13-9) rate charged to the City
of Vernon for purchased power by changing the fuel clause adjust-
ment billing factor, and Edison has increased such fuel clause
adjustments which will greatly affect the cost of po~er purchased
by the City of Vernon from Edison, and
WHEREAS, the City Council of the City of Vernon deems it
necessary for the sound financial position of the Light and Power
Operating Funds to increase the Vernon fuel clause adjustment,
NOW, THEREFORE, BE IT RESOLVED:
SECTION 1: That the City Council of the City of Vernon does
hereby adopt a Fuel Clause Adjustment billing factor of 1.053tllWH
net, which is the figure to be used after the application of the
5% Vernon discount on electrical energy sold to its electrical
consumers 0
SECTION 2: That the effective date of said Fuel Clause Adjust-
ment shall be May 30, 1975, and shall continue until rescinded or
amended by a resolution of the City Council of the City of Vernono
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. 4 ADOPTED AND APPROVED this 20th day of May, 1975.
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1 SECT ON 3: That the City Council of the City of Vernon shall
2 certify 0 the passage of this Resolution and thereupon and
3 thereaft r the same shall be in full force and effect.
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City Clerk
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STATB OF CALIFORNIA )
) 55.
COUNTY OF LOS ANGELES )
I,. F. A. ZIEMER,Ci ty Clerk of the City of Vernonf do
hereby certify that the foregoing resolution, being Resolution
No. 4333 ,was duly adopted by the City Council of the City of
Vernon, and approved by the Mayor of said City, a,t a regular
meeting of the City Council held on May 20, 1975
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Ci ty Clerk