Resolution No. 5201
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RESOLUTION NO. 5201
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
WHEREAS, Ordinance No. 929 provides for an Energy Cost
Adjustment Billing Factor ("ECABF") 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, the ECABF adopted in previous Resolution No.
5186 has produced a deficit in the energy cost adjustment
account; and
WHEREAS, the "Report on Rate Design" adopted by the
City Council provides that surpluses or deficits in the energy
cost adjustment account should be considered in determining the
ECABF to be applied in future quarters; and
WHEREAS, the projected ECABF in the wholesale market
has been and continues to be subject to wide variations; and
WHEREAS, the City Council of the City of Vernon deems
it necessary that the ECABF 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 deficit should be debited
to the ECABF during the next quarter.
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1 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
2 THE CITY OF VERNON AS FOLLOWS:
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SECTION 1:
That the City Council of the City of Vernon
finds and determines that the recitals contained hereinabove are
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truce and correct.
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SECTION 2:
That the City Council of the City of Vernon
7 does hereby adopt an ECABF of minus 0.500 per kilowatt hour on
8 electrical energy sold to its electrical consumers.
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SECTION 3:
That the effective date of said ECABF
10 shall be August 1, 1985, and shall continue until rescinded or
11 amended by resolution of the City Council of the City of Vernon.
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SECTION 4:
That effective August 1, 1985, this
13 resolution rescinds existing ECABF Resolution No. 5186.
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SECTION 5:
That the City Clerk of the City of Vernon
15 shall certify to the passage of this resolution and thereupon
16 and thereafter the same shall be in full force and effect.
17 APPROVED AND ADOPTED this 23rd day of July, 1985.
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o S A. YBA ., Mayor Pro-Tem
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BRUCE V. MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
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14 (SEAL)
I, BRUCE V. MALKENHORST, City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution; being
Resolution No. i:i?Ol ,was duly adopted by the City
the City of Vernon, and was approved by the Mayor of said City
an adjourned
at/~ regular meeting of the City Council held on Tuesday,
July 23
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BRUCE V. MALKENH RST,
Clerk
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