Resolution No. 5912
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RESOLUTION NO. 5912
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
7 Adjustment Billing Factor ("ECABF") and for changes in such billing
8 factor to be made from time to time by resolutions of the City
9 Council of the City of Vernon, when, in the City Council's opinion,
10 such changes are necessary for the sound financial position of the
11 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
16 of the city of Vernon on December 16, 1986, provides a methodology
17 to compute the ECABF that reduces the degree of rate fluctuations,
18 includes data from Vernon's resources, and provides a stable ECABF
19 rate level; and
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WHEREAS, the City Council of the City of Vernon hereby
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future time periods
in
to
approve a new
ECABF
for
accordance with Resolution No. 5342 in order to allow the customers
of the City of Vernon to project their future financial needs in a
24 reasonable manner.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
26 CITY OF VERNON AS FOLLOWS:
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SECTION 1: That the City Council of the City of Vernon
1 finds and determines that the recitals contained hereinabove are
2 true and correct.
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SECTION 2: That the city council of the City of Vernon
4 does hereby adopt an ECABF of negative $0.02601 per kilowatt hour
5 on electrical energy sold to its electrical consumers.
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SECTION 3: That the effective date of said ECABF shall
7 be May 1, 1991, and shall continue until rescinded or amended by
8 resolution of the City Council of the City of Vernon.
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SECTION 4: That effective May 1, 1991, this resolution
10 rescinds existing ECABF Resolution No. 5871.
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SECTION 5: That the City Clerk of the City of Vernon
12 shall certify to the passage of this resolution and thereupon and
13 thereafter the same shall be in full force and effect.
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APPROVED AND ADOPTED this 16th day of April 1991.
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, LE~NIS C. MALBG, Mayor
ATTEST:
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20 BRUCE v.
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MALKENHORST, C1ty Clerk
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STATE OF CALIFORNIA )
2 ) SSe
COUNTY OF LOS ANGELES)
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4 I, BRUCE V. MALKENHORST, city Clerk of the City of Vernon, do
5 hereby certify that the foregoing Resolution, being Resolution No.
6 5912 was duly adopted by the City Council of the City of Vernon,
7 at a regular meeting of the City Council duly held on Tuesday,
8 April 16, 1991, and thereafter duly signed by the Mayor of the
9 City of Vernon.
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BRUCE V. MALKENHORST, City Clerk