Resolution No. 5390
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RESOLU".rION NO. 5398
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
Adjustment Billing Factor ("ECABF") and for changesi.n suchbi.ll-
ing factor to be made from time to time by
City Council of the City of Vernon when,' in
opinion, such changes are necessary for the sound
tion of the Light and Power Operating Funds, and
WHEREAS, the ECABF adopted in previous
5362 has produced a
account, and
WHEREAS, Resolution No. 5342, adopted by the City Coun-
cil of the City of Vernon on December l6, 1986,provi.des a
methodOlogy to compute the ECABF that'reduces
fluctuations, includes data from Vernon's resources, and provides
a stable ECABF rate level, and
WHEREAS, the City Council
intends to approve a new
ance with Resolution No.
the City of Vernon to project their future financial needs in a
reasonable manner.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: Tbat the City
and determines
,
.
1 true and correct.
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SECTION 2 : That the City Council of the City of, Vernon
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does hereby adopt anECABF of Negative $0.01895 per ldlowat.t
4 on electrical energy sold to its electrical consumers.
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SECTION 3: That the effective date of said ECABF
be May 1, 1987, and shall continue until rescinded or
resolution of the City Council of the City of Vernon.
SECTION 4: That effective May 1, 1987, this
rescinds existing ECABF Resolution No. 5362.
SECTION 5: That the City Clerk of
shall certify to the passage of this
thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 28th day of April, 1987.
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ATTE~T: , / /~
~ -~//JWv/'l
BRUCE V. LKENHORST, City Clerk
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I
1 STATE OF CALIFORNIA )
) SSe
2 COUNTY OF LOS ANGELES )
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4 I, BRUCE V. MALKENHORST, .City Clerk of the City
5 Vernon, do hereby certify that the foregoing Resolution,
6 Resolution No. 5390 ,was duly adopted by th~ City
7 the City of Vernon, and was approved by the Mayor of s,aid
an adjourned
8 at 'l'lI/ regular meeting of the City Council held on Tuesday,
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April 28
, 19 87 .
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