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Resolution No. 6577 .. . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION 6577 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON CHANGING THB ENERGY COST ADJUSTMENT BILLING FACTOR CHARGED FOR ELECTRICAL ENERGY DISTRIBUTED AND SUPPLIED TO ITS ELECTRICAL CUSTOMERS WHEREAS, Ordinance No. 911 provides for an Energy cost Adjustment Billing Factor ("ECABF") and for changes in such billing factor to be made from time to time by resolutions Qf the City council of the City of Vernon, when, in the City Council's opinion, such changes are necessary for the sound financial position of the Light and Power Operating Funds; and WHEREAS, the ECABF adopted in previous Resolution No. 6531 has produced a surplus in the energy cost adjustment account; and WHEREAS, Resolution No. 5342, adopted by the city Council 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 accordance 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 >. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Vernon finds and determines that the recitals contained hereinabove are true and correct. SECTION 2 : That the ci ty Council of the City of Vernon does hereby adopt an ECABF of negative $0.02816 per kilowatt hour on electrical energy sold to its electrical consumers. SECTION 3: That the effective date of said ECABF shall be February 1, 1995 and shall continue until rescinded or amended by resolution of the city Council of the City of Vernon. SECTION 4 : That effective February 1, 1995 this resolution rescinds existing ECABF Resolution No. 6531. 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 17th day of January 1995. ~~. . ~ONIS C. MALll G, Mayor --- A/L- /~ BRUCE V. MALKENHORST, City Clerk .... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) COUNTY OF LOS ANGELES) I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 6577 was duly adopted by the city Council of the City of Vernon, at a regular meeting of the city Council duly held on Tuesday, January 17, 1995 and thereafter signed by the Mayor of the City of Vernon. ~ v;Ht'~ BRUCE V. MALKENHORST, City Clerk (SEAL) \~~ i ~i;~~:: ~~ \:;; '.~ ~ ~ < ~ <~;~: ~~.: ;0,;,,) ,; i ~ (; ,~,..:,.: ",;, ';'"OOVC.\), )0..-,,;, ,. ,,*,, 4 \.,t;~. City of Vernon Energy Cost Adjustment Billing Factor Computation Sheet For Three Month Period - FEBRUARY 1 - APRIL 30,1995 Estimated EnerQY Costs 1. Purchased Power from SCE a. Energy Charge b. Energy Cost Adjustment 2. GenJReplacement Costs Cost of Interruptible Purchases Cost of Energy Associated with the purchase of Firm Power 3. 4. 5. Total Energy Costs (1+2+3+4) Correction Factor $1,936,830.13 ($541,746.24) 6. Actual Energy Expenses for the Previous $5,109,884.35 ThreeMonthPe~(OCTOBER,NOVEMBER,DECEMBER) 7. Balance of the Unrecovered ( Over-Recovered) Energy Expenses at the Start of the Previous Three Month Pe~ 8. Less: Revenue Billed - Base Rate and ECA from the PrevioUS Three Month Pe~ Unrecovered (Over-Recovered) Energy Expenses at the Termination ofthe Previous Three Month Pe~ (6+7-8) 10. Unrecovered (Over-Recovered) Energy Cost Estimate for the Month of (JANUARY) 9. 11. Total Cost to be Recovered (5+9+10) Calculation of Factor 12. Estimated KWH Sales 96.74% of Purchases 13. Adjustment for Billing Losses 14. Total KWH Sales 15. Total Energy Cost per KWh (11/14) 16. Less: Amount in Base Rates 17. Energy Cost Adjustment Billing Factor (15-16) $11,108.63 $5,366,276.59 1 395 083.88 $977 338.99 $0.00 1 733 251.61 105674.49 $245 283.61 3 784 764.28 247816923 241285 599 $0.01569 $0.04385 '. ........ ............. ....................... :.:.:.:::::::::::::::::::::::::::::::::~:::~t.:.~:~:~:~t:~:~:~:~:;:;:;:;:~:;:~:~:~:~:~:.. ........."....... . .................. . . . . . . . . . . . . . . . . . . . . .................... ........... ... Period 2 Apr -:.June Period 3 Jul - Sep Period 4 Oct - Dee Period 1 Jan - Mar .. ......... .................................... ':':':':':':':':':':':':':':':':':':':':'.':':':':':':'.-:':':':': ............................ -.... ....................... ..... .................. .. ........ ........ .................. .................. .................. .. . ..---.. ......... 1990 $6,866,955 Actual Expense ....... ............ ........ ............................... ................................ . .... ... ....................... ...... 1990 $7,223,099 1990 $7,161,536 Actual Revenue $7,164,910 ($58,189) $6,004,869 ($1,156,667) $6,408.325 $458,630 Over/(Under) ThIs Period Total Over/(Under) at End of Period $2,458,065 $2,399,876 $1.243,209 $784.5791 1991 1991 1991 Actual Expense $6,093,001 $5,233,574 $5.702,326 Actual Revenue $6,698.036 $4,797.010 $4.537,946 Over/(Under) $605,035 ($436,564) ($1,164,380) ThIs Period Total Over/(Under) $1,389,614 $953,050 ($211.330) at End of Period 1991 $5,811,737 \ $5,955,608 $143,871 ($67 ,459~ Actual Expense Actual Revenue Over/(Under) This Period T ota! Over/(Under) at End of Period Actual Expense Actual Revenue Over/(Under) This Period Total Over/(Under) at Ena of Period 1994 1994 1994 1994 Actual Expense $5,280,682 $4,866,537 $5,657.379 $5,109,884 Actual Revenue $5,203,876 $5,453,396 $5,285,209 $5,366,277 Over/(Under) ($76.806) $586,859 ($372,170) $256,392 This Period Total Over/(Under) ($225,798) $361,061 ($11,109) $245,284 , at End of Period * - Includes $116,772.01 of over recovered revenue found during an audit of ECABF calculations. , . ... fh - I- en 0 () (J)(J)~ (<) 0 ..- 10 N,... -J (<)(<)N 000 ~ cicici a. ~~~ < (J)(J)~ (<) 0 ..- ION,... I (<)(<)N () 000 a: cicici I < ~~~ ~ ~ - ~ - (J)(J)~ I- (<) 0 ..- z en ~ ION"" Q 0 (<) (<) N () <( 000 ~ ::l cicici I- a: ~~~ I- Z CO ::l ::l UJ a. u.. ~ o ~ ()Oa: 1-00. z-< UJa:O ~UJ 10 o.l-(J) -J I-UJ>-(J) < enIa:..- I- ~I-< 0 Oo::::l I- <Oa: I-u..CO en UJ o LL () >- -J C) ~ a: UJ I- a. 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";;:;:;;;;;Z ';:::::;::;W :Ic> luZClLL o - LL ()O~O y) ~N~(t)lOOtO T""'l:tO>MM....M ,..,:,..,:coci~co,..,: ~CX)MT""MU)....U) ~M,..-CX)O>....MN Uia)"O~~Na).,.f O~T"" T""U)<O " -~ ~~~ '-' - - U) U) c: (I) 0- X W .... 0- (/) .... .2 "1:' tU ...J o~ .... ~ Ui ~ 0 15..CP 15..(/)....;.- 'z15.. 5 ~ (/)w(I)(/)-(/) 5~~5-g.c -w 0-.... 0) "1:'" _"1:' <ll :;:] ,$'-'"1:',$EE <ll::5 <ll:;:;.c Ea..tUEU).... :;:;wE:;:;CP~ ~rx::;:;~w~ .___(1) lotS I wZCPa..c><( ()~>rx:Cla.. (/),-,a..(/)(/)CD T""NM'l:tu)<O "1:' o Oi:: a.. U) :;:] o os; .... a.. E o .... - c: o ~ ~ .... o () ~. if """/ .... b. ACTUAL REVENUES ECABF KWH BASE ECABF SUB-TOTAL SALES $ OCTOBER ($0,02464) 89,030,589 $3,903,991,33 (~2,193, 713, 71) 1,710,277,61 ADJUSTMENTS KWH BASE $ ECABF $ CORRECTIONS $ SUB-TOTAL SALES $ 164,979 $7,234,33 $515,71 $0,00 $7,750,04 TOTALS TOTAL KWH TOTAL BASE $ TOTAL ECABF $ TOTAL CORRECTION $ TOTAL SALES $ 89,195,568 $3,911,225,66 ($2,193,198,00) $0,00 $1,718,027,65 NOVEMBER ($0,02294) 92,444,368 $4,053,685,54 ($2,120.673,80) $1,933,011,73 (370,493) ($16,246,12) ($6,179,02) $0,00 ($22,425,14) 92,073,875 $4,037,439.42 ($2,126,852,82) $0,00 $1,910,586,60 DECEMBER Total ($0.02294) 85,052,047 266,527,004 $3,729,532,26 $11,687,209,13 ($1.951.093,96) ($6.265,481.47) $1,778,438,30 $5,421,727,65 (111 ,155) ($4,874.15) $28,355,53 ($64.257.35) ($40,775,97) (316,669) ($13,885.94) $22,692,22 ($64.257,35) ($55,451,07) 84,940,892 266.210,335 $3,724,658,11 $11,673,323,19 ($1,922,738.43) ($6,242.789.25) ($64.257,35) ($64.257,35) $1,737,662,34 $5,366.276.59 Average difference in purchases and generation to retail (KWH) is 3,26 lag, For Previous Three Month: Available (KWH) Recorded Retail (KWH) Retail projected 96,74% of 268,757,163 Adjustment For Billing Losses 259,995,679 266,527,004 Correction from Previous Period - Revenue 1 2 3 268,757,163 266,527,004 = 259,995.679 = (6,531,325) r _" ~ ~ _.. 3, ESTIMATED ENERGY REQUIREMENT AND TOTAL ENERGY COST FOR JANUARY ENERGY (KWH) UNIT COST COST($) ($/KWH) ($) RESOURCE JANUARY JANUARY JANUARY "S.C.E" ON 0 $0.03539 $0.00 MID 2,731,905 $0.03209 $87,658.65 OFF 23 543 200 $0.02714 $638891.82 TOTAL 26,275,106 $726,550.47 FORECASTED ($0.00898 $235 950.45 ECABF $490,600.03 ....................... ................., ....................... ...................... ::~~t~~~f~~~ ~~~:~f:~: ~~~~~~~ ~j~f~~:j~j:~ ?)\~~~~~j~~ ::::~;::~{:::~:~:~:::::~;::::~:::::::::::::::::::: ::::::: ;::::' GEN/REPLAceMeNT.... ~~~~j~j~j~;~~\j\;iiii~;~i;~~ri;i1i~;~~~~~~j~;j~;~~~1i~i~~ii1i;;;;~;~j~~;~~i~;~iji]\\\;;~~jfr~rt~~~rf?f} NON-FIRM ON MID OFF o o ::{::..:..::::::::::::::::: ..:((:::::::::::(::::::::::::::::::::::::.:::::~Q~299..,QOO .......,.. .......................... ..........,......... ....:.:.:.....:.:.:.:.:-;.:.:.:.;.:.:-:.:.;...:..... PALO VE'RDEq . $0.00 $0.00 . q....J~?O,OOO,OO ..................;.;.;.:.:.:.:.:.:.:.:.>:...:.:.:.:.:.;,:.;. ...,..-.........................'.....................'...........'..,............. ..................................... ................................................ $57,243,56 .......................... .......................... .......................... ......................... . . . . . . . . . . . . . . . . . . . . . ........ ........... ...... ................ .......................... ..-...........,.......... ...,...................... . ....................... ................................... ...................-................ ................... ............... .................................. . . . . . . . . . . . - . . . . . . - . . . . . . . . . . . . . . . . . ...............................'.. ......................... ...'................ .......................... ........... .............. .......................... ....................,.... .....................................'........,................ ... ........... ... .. $16,926.00 ..... .. ...................,......' ....................... ............,......................... .......... ........ ......'.............. .......................... $230,795,54 ...................-......'........... ..................-.................. ....................-............ .................................. ................................. ...................................................,..'............ .................................. .........................-..'..... ................................ .......................... ..................... $0.00 ..................-.-.........................................................,.,................ ..........................,......... ..................,.......... ........... ,......... .................-................................................................................ ......................................, . ...................:-:-:.;.:.:.;,;.:.;.:.:.;.:.:.:.:.: $139,003.20 ........................,.......... ............................. . . .................. . .................................... ............................ .........,........ FORECAST REVENUE ($0,02294) 86,121,818 $3,776,441.70 ($1,975,634.50) $1,800,807.21 ($75,626.60) KWH BASE(0.04385) ECABF ......... ..................................... ......................................... .......... .................................. ......................................... ESTIMATED UNRECOVERED (OVER-RECOVERED) ENERGY COST