Resolution No. 4872
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RESOLUTION NO. 4872
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON CHANGING THE ENERGY COST ADJUSTMENT
BILLING FACTOR CHARGED FOR ELECTRICAL ENERGY
DISTRIBUTED AND SUPPLIED TO ITS ELECTRICAL
CONSUMERS
6 WHEREAS, Ordinance No. 911 provides for an Energy
7 Cost Adjustment Billing Factor and for changes in such billing
8 factor to be made from time to time by resolutions of the City
9 Council of the City of Vernon when, in the City Council's opinion,
10 such changes are necessary for the sound financial position of
11 the Light and Power Operating Funds; and
12 WHEREAS, the Energy Cost Adjustment Billing Factor
13 adopted in Resolution No. 4850 has produced a surplus in the
14 energy cost adjustment account; and
15 WHEREAS, the "Report on Rate Design" adopted by the
16 City Council provides that surplus in the energy cost adjustment
17 account should be considered in determining the Energy Cost
18 Adjustment Billing Factor to be applied in future quarters; and
19 vlliEREAS, the projected Energy Cost Adjustment Billing
20 Factor in the wholesale market has been subject to wide
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variations in the last six (6) months; and
WHEREAS, the City Council of the City of Vernon deems
it necessary that the Energy Cost Adjustment Billing Factor be
as constant and stable as possible in order to allow the
customers to project their future financial needs; and
WHEREAS, the City Council of the City of Vernon finds
and determines that the accumulated surplus should be credited
to the Energy Cost Adjustment Billing Factor during the next
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1 quarter.
2 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
3 THE CITY OF VERNON AS FOLLOWS:
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SECTION 1: That the City Council of the City of
5 Vernon finds and determines that the recitals contained herein-
6 above are true and correct.
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SECTION 2: That the City Council of the City of Vernon
does hereby adopt an Energy Cost Adjustment Billing Factor of
0.682i per kilowatthour on electrical energy sold to its
electrical customers.
SECTION 3: That the effective date of said Energy
Cost Adjustment Billing Factor shall be February 1, 1982,
and shall continue until rescinded or amended by resolution of
the City Council of the City of Vernon.
SECTION 4: That this Resolution rescinds existing
Energy Cost Adjustment Billing Factor Resolution No. 4850.
SECTION 5: That the City Clerk of the City of Vernon
shall certify to the passage of this Resolution and thereupon
and thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 19th day of January, 1982.
ATTEST:
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BRUCE V. MALKENHORST, City Clerk
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BONi? C. MALB . G, May '.
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1 STATE OF CALIFORNIA
SSe
2 COUNTY OF LOS ANGELES
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4,1, BRUCE V. MALKENHORST, City Clerk of the City of
5 VernQn, do hereby certify that the foregoing Resolution, being
6 Resolut~on No. 4872 , was duly adopted by the City Council
7 of the City of Vernon, and was approved by the Mayor of said
8 City at a regular meeting of the City Council held on Tuesday,
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Janllal;'y 19
, 1982.
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BRUCE V. r-tALKENHORST,CityClerk
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CITY COUNCIL
: L~IS C. MALBURG. MAYOR
~.",' J 'HILARIO GONZALES
ft .~LIAM M. MCCORMICK
V THOMAS A, YBARRA
WILLIAM J. DAVIS
TELEPHONES
BRUCE V. MALKENHORST.
CITY ADMINISTRATOR / CITY CLERK
583-881 ,
1187-5171
583-4821
583-8811
583-8811
583-881 ,
OFFICERS
DAVID B, BREARLEY,
CITY ATTORNEY
CITY CLERK - -
POLICE DEPT. - - . -
FIRE DEPT. - - . - -
BUILDING DEPT, - - -
PUBLIC WORKS DEPT, -
HEALTH DEPT,- - - -
ARTHUR E. NELSON,
DIRECTOR OF COMMUNITY SERVICES / HEALTH OFFICER
LEWIS R, ADAMS.
DIRECTOR OF WATER II< POWER
GEORGE F. BASS.
FIRE CHIEF
AL ESPINOZA,
POLICE CHIEF
CITY HALL
4305 SANTA FE AVENUE, VERNON, CALIFORNIA 90058
January 19, 1982
IN REPLY REFER TO:
City Council
City of Vernon
Honorable Members:
Transmitted herewith is the computation sheet used to determine
the Energy Cost Adjustment Billing Factor for the next three (3)
month period, for your review. It has been calculated that the
new billing factor for the next three month period is 0.682% per
kilowatt hour. This factor is calculated to return an under
collection from the previous periods.
Yours truly, /7'/' #.. "
'A>/? / //$,;/~~
U.4~ t/ /
Bruce V. Malkenhorst
City Administrator/City Clerk
BVM/gjo
attchmnt
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CITY OF VERNON
OFFICE MEMORANDUM
DAT~
January 14, 19~
FROM:
Lewis R. Adams. Director Water & Power
Bruce V. Malkenhorst, City Administrator
TO:
SUBJECT' ENERGY COST ADJUSTMENT BILLING FACTOR
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\nce No. 911 and the "Report on Rate Design", by Baker G. Clay
I by the City Council, a computation has been made to determine
Billing Factor for the next three month period. Based on the
actual fuel expenses and revenues for previous periods and Edison Company's forecast of
fuel cost for the next three months, the new factor is O.682~ per kilowatt-hour. This
factor is calculated to return an under collection from the previous periods.
BY. ~ ;f!.~
City of Vernon
Energy Cost Adjustment
Computation Sheet
For Three Months Ending
Estimated Energy Costs (296,000,000 KWH)
1. Purchased Power from SCE
(a) Energy Charge
(b) Energy Cost Adjustment
2. Generation Fuel Costs (Account 547)
3. Total Energy Costs (1 + 2)
Correction Factor
4. Actual Energy Expenses for
Previous Period
5. Unrecovered Energy Expenses
from Previous Periods
6. Less: Billed Base Rate and ECA
Revenues from Previous Period
7. Unrecovered (Over~recovered)
Energy Expenses (4 + 5 - 6)
8. Toxal Costs to be Recovered (3 + 7)
Calculation of Factor
9. Estimated Kwhr Sales (98% of purchases)
10. Tot,al Energy Cost per Kwhr
(8 T 9)
11. Less: Amount in Base Rates
12. Energy Cost Adjustment Factor
(10 ... 11)
13. Tax Factor
14. Energy Cost Adjustment Factor (l2xI3)
.
April 30, 19 8L
$ 12,793,120
1,296~006
14,089,126
$ 14,926,693
$ 311,089
$ 14,610,835
.l\.ppendix A
Page 3 of 3
$ 14,089,126
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$ 14 ,089 ~ 126
$ 626,947
$ 14,716,073
290,080,000
$ 0.050731
$ .04411
0;662hJ;
x 1.03
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FERC FUEL COST ADJUSTMENT BILLING FACTOR
AS FURNISHED BY SCE
DATE ACTUAL PROJECTED FORECAST
Aug. 15, for Aug. 1-31/81 -1.005
August 1-31/81 -0.851 -0.482
Sept. 15, for Sept. 1-30/81 -0.851
September 1-30/81 0.325 -0.326
Oct. 15, for Oct. 1-31/81 0.325
October 1-31/81 0.820 .449
Nov. 15, for Nov. 1-30/81 0.820
November 1-30/81 0.584 .613
Dec. 15, for Dec. 1-31/81 0.584
December 1-31/81 0.066 .565
Jan. 15, for Jan. 1-31/82 0.066
January 1-31/82 1 . 1 32
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