Resolution No. 5414
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RESOLUTION NO. 5414
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 bill-
ing factor to be made from time to time by resolutions of the
City Council of the City of Vernon when, in the City Councills
opinion, such changes are necessary for the sound financial posi-
tion of the Light and Power Operating Funds: and
WHEREAS, the ECABF adopted in previous Resolution No.
5390 has produced a deficit in the energy cost adjustment
account: and
WHEREAS, Resolution No. 5342, adopted by the City Coun-
cil of the City of Vernon on December 16, 1986, provides a
methodology to compute the ECABF that reduces the degree of rate
fluctuations, includes data from Vernon's resources, and provides
a stable ECABF rate level: and
WHEREAS, the City Council of the City of Vernon hereby
intends to approve a new ECABF for future time periods in accord-
ance with Resolution No. 5342 in order to allow the customers of
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: That the City Council of the City of Vernon
finds and determines that the recitals contained hereinabove are
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true and correct.
SECTION 2: That the City Council of the City of Vernon
does hereby adopt an ECABF of Negative $0.02017 per kilowatt hour
on electrical energy sold to its electrical consumers.
SECTION 3: That the effective date of said ECABF shall
be August 4, 1987, and shall continue until rescinded or amended
by resolution of the City Council of the City of Vernon.
SECTION 4: That effective August 4, 1987, this resolu-
tion rescinds existing ECABF Resolution No. 5390.
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 4th day of August, 1987.
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ATTEST:
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MALKENHORST, City Clerk
BRUCE V.
-2-
,;'
1 STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
8
4 I, BRUCE V. MALKENHORST, City Clerk
5 Vernon, do hereby certify that the foregoing Resolution, being
6 Resolution No. 5414
, was duly adopted by the City Council of
7 the City of Vernon, and was approved by the Mayor of said City
8 ata regular meeting of the City Council held on Tuesday,
9
August 4
, 19 87
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BRUCE V. MALKENHORST,
Clerk
..
CITy COUNCIL
LEONIS C. MALBURG, Mayor
THOMAS A YBARRA, Mayor Pro-Tem
Wm, "BILL" DAVIS
H. "LARRY" GONZALES
W, MICHAEL McCORMICK
TELEPHONES
CITY CLERK"...."...,..,......"....".583-8811
POLICE DEPT. .....",..."...,.........587-5171
FIRE DEPT, ,.."...,............,,,......,,583-4821
BUILDING DEPT,....,..."..""....,583-8811
PUBLIC WORKS DEPT, ........,,583-8811
HEALTH DEPT. ."...........""......583-8811
OFFICERS
BRUCE V. MALKENHORST,
City Administrator/City Clerk
DAVID R BREARLEY,
City Attorney
VICTOR H. VAITS,
Director of Community Services
LEWIS R. ADAMS,
Director of Water & Power
GEORGE F, BASS,
Fire Chief
CITY HALL
AL ESPINOZA
Police Chief
4305 SANTA FE A VENUE, VERNON, CALIFORNIA 90058
Honorable City Council
City of Vernon
Vernon, CA 90058
Gentlemen:
In Reply Refer to:
July 29, 1987
Transmitted herewith is Resolution No. 5414,IIA Resolution of the City
Council of the City of Vernon Changill9" the Energy Cost Adjustment
Billing Factor Charged for Electrd;C;ial>Energy Distributed and Supplied
to its Electrical Consumers,lIfor the Energy Cost Adjustment Billing
Factor to be effective on August 4, 1987. The computation for this
ECABF was submitted and the factor approved at the Council meeting
held on July 21, 1987.
LRA/dp
Respectfully submitted,
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C:X:.C:4f,t/tf'::? 'L'~"" /?:;~~;;;i!--
Lewis R. Adams
Diector of Water & Power