Resolution No. 5785
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RESOLUTION NO. 5785
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. 911 provides for an Energy Cost
Adjustment Bi 11 inCAJ 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
10 position of the LiCAJht and Power OperatinCAJ Funds; and
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WHEREAS, the ECABF adopted in previous Resolution No.
5743 has produced a surplus in the energy cost adjustment
account; and
WHEREAS, Resolution No. 5342, adopted by the City
15 Council of the City of Vernon on December 16, 1986, provides a
16 methOdology to compute the ECABF that reduces the degree of rate
17 fluctuations, includes data from Vernon's resources, and provides
18 a stable ECABF rate level; and
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WHEREAS, the City Council of the City of Vernon hereby
intends to approve a neN ECABF for future time periods in
accordance with Resolution No.
5342 in order to allow the
22 customers of the City of Vernon to project their future financial
23 needs in a reasonable manner.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
25 THE CITY OF VERNON AS FOLLOWS:
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SECTION 1: That the Ci ty Counci 1 of the City of Vernon
27 finds and determines that the recitals contained hereinabove are
28 true and correct.
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1 SECTION 2: That the Ci ty Counc i I of the Ci ty of Vernon
2 does hereby adopt an ECABF of negative $ 0.02335 per kilowatt
3 hour on electrical energy sold to its electrical consumers.
4 SECTION 3: That the effect i ve date of said ECABF shall
5 be August 1, 1990, and shall continue until rescinded or amended
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by resolution of the City Council of the City of Vernon.
That effective August 1, 1990,
this
SECTION 4:
8 resolution rescinds existing ECABF Resolution No. 5743.
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SECTION 5: That the City Clerk of the City of Vernon
10 shall certify to the passage of this resolution and thereupon and
11 thereafter the same shall be in full force and effect.
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APPROVED AND ADOPTED this 17th day of July, 1990.
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BRUCE V. MALKENHORST, City Clerk
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1
STATE OF CALIFORNIA )
2 ) ss.
COUNTY OF LOS ANGELES)
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I, BRUCE V. MALKENHORST, Ci ty Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 5785 Mas duly adopted by the City Council of the
City of Vernon, and Mas approved by the Mayor of said City at a
regular meeting of the City Council held on Tuesday, July 17,
1990.
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(SEAL)
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BaUCE V. MALKENHORST, City Clerk