Resolution No. 5871
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RESOLUTION NO. 5871
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
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Adjustment Billing Factor ("ECABF") and for changes
WHEREAS, Ordinance No. 911 provides for an Energy Cost
in such billing
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factor to be made from time to time by resolutions of the City
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Council of the City of Vernon, when, in the City Council's opinion,
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such changes are necessary for the sound financial position of the
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Light and Power Operating 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 Council
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of the City of Vernon on December 16, 1986, provides a methodology
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to compute the ECABF that reduces the degree of rate fluctuations,
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includes data from Vernon's resources, and provides a stable ECABF
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rate level; and
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WHEREAS, the City Council of the City of Vernon hereby
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accordance with Resolution No. 5342 in order to allow the customers
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intends
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time
periods
in
for
future
new
ECABF
approve
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of the City of Vernon to project their future financial needs in a
reasonable manner.
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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
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finds and determines that the recitals contained hereinabove are
true and correct.
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SECTION 2: That the City Council of the City of Vernon
does hereby adopt an ECABF of negative $0.01920 per kilowatt hour
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on electrical energy sold to its electrical consumers.
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SECTION 3: That the effective date of said ECABF shall
be February 1, 1991, and shall continue until rescinded or amended
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by resolution of the City Council of the City of Vernon.
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SECTION 4 :
That effective February 1, 1991, this
resolution rescinds existing ECABF Resolution No. 5844.
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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 15th day of January 1991.
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ATTEST: . A~ ~~
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18 BRUCE v. MALKENHORST, City Clerk
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2 STATE OF CALIFORNIA )
) ss.
3 COUNTY OF LOS ANGELES)
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I, BRUCE V. MALKENHORST, ci ty Clerk of the Ci ty of
5 Vernon, do hereby certify that the foregoing Resolution, being
6 Resolution No. 5871 was duly adopted by the city Council of the
7 City of Vernon, and was approved by the Mayor of said City at a
8 regular meeting of the City Council held on Tuesday, January 15,
9 1991.
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BRUCE V. MALKENHORST, City Clerk