Resolution No. 6695
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RESOLUTION 6695
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 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 of
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.
6655 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
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Vernon
finds
contained
and determines
that the recitals
hereinabove are true and correct.
SECTION 2:
That the City Council of the City of
Vernon does hereby adopt an ECABF of negative $0.02576 per
kilowatt hour on electrical energy sold to its electrical
consumers.
SECTION 3:
That the effecti ve date of said ECABF
shall be November 1, 1995 and shall continue until rescinded or
amended by resolution of the City Council of the city of Vernon.
SECTION 4 :
That effective November 1, 1995 this
resolution rescinds existing ECABF Resolution No. 6655.
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 October 1995.
'I -,_
~~~~~,~.J ,
, EONIS C. MALa G, May r
ATTEST:
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STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES)
I,
I, BRUCE V. MALKENHORST, City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 6695 was duly adopted by the City Council of the
City of Vernon, at a regular meeting of the City Council duly
held on Tuesday, October 17, 1995 and thereafter signed by the
Mayor of the City of Vernon.
/!{
BRUCE V. MALKENHORST,
(SEAL)
SUPPORTING
DOCUMENTS
City of Vernon
Energy Cost Adjustment Billing Factor
Computation Sheet
,
For Three Month Period - NOVEMBER 1995 TO JANUARY 1996
1.
Estimated Energy Costs
2.
3.
4.
5.
Purchased Power from SCE
a. Energy Charge
b. Energy Cost Adjustment
$148.020.00
($49,800.00)
GenlReplacement Costs
$108.042.00
$416.852.35
$1,840,384.41
$2,210.704.29
Cost of Interruptible Purchases
Cost of Energy Associated with the purchase of Firm
Power
Correction Factor
Total Energy Costs (1+2+3+4)
$4,575,983.05
6. Actual Energy Expenses for the Previous $4.786,903.87
Three Month Period (JULY. AUGUST, SEPTEMBER)
7. Balance of the Unrecovered ( Over-Recovered) ($241.816.05)
Energy Expenses at the Start of the Previous
Three Month Period
8. less: Revenue Billed - Base Rate and ECA $4.519,739.81
from the Previous Three Month Period
9. Unrecovered (Over-Recovered) Energy Expenses at the $25,348.02
Termination of the Previous Three Month Period (6+7-8)
10. Unrecovered (Over-Recovered) Energy Cost Estimate for $55.939.71
the Month of (OCTOBER)
11. Total Cost to be Recovered (5+9+10) $4.657.270.77
12.
Calculation of Factor
Estimated KWH Sales 96.74% of Purchases
256.361.002
1.032.289
257,393,291
$0.01809
$0.04385
($0.02576)
13.
14.
15.
16.
17.
Adjustment for Billing Losses
Total KWH Sales
Total Energy Cost per KWh (11/14)
Less: Amount in Base Rates
Energy Cost Adjustment Billing Factor (15-16)
..........-,..,.......
. . . . . . . . . . . . , . . . . . . . . . . . . . . .
..........................
................. .........
Period 1
Jan - Mar
.......................................................................................................,......................
. ....................................................,..................................................
.. ... ...........
Period 2
Apr-June
:,;,:-'.;-:-:.:-:-:.;.:-:-:.:-:-:.:-:-:-:-:-:.:.:-:.:-:.:.:.:.:.:.:.:.;.:.;.:.;.:-:::-:.:.:.:.:-:.;.:-:.:.:.:.:.'...:..-........
..,......................................... .
. ..... ....... -.............. .
Period 4
Oct - Dec
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
1991
$6,093,001
$6,698,036
$605,035
$1,389,614
1992
$5,598,749
$5,606,071
$7,322
($60,137)
1993
$5,195,373
$5,699,153
$503,781
$674,113
1994
$5,280,682
$5,203,876
($76,806)
($225,798)
1995
$4,411,608
$4,336,403
($75,205)
$170,079
1991
$5,233,574
$4,797,010
($436,564)
$953,050
1992
$5,716,352
$5,495,538
($220,814)
($280,951)
1993
$5,305,297
$4,740,503
($564,794)
$109,319
1994
$4,866,537
$5,453,396
$586,859
$361,061
1995
$3,842,555
$3,914,292
$71,737
$241,816
Period 3
Jul - Sep
1991
$5,702,326
$4,537,946
($1,164,380)
($211,330)
1992
5,928,387
5,880,390
($47,997)
($328,948)
1993
$6,016,873
$4,965,966
($1,050,907)
($941,588)
1994
$5,657,379
$5,285,209
($372,170)
($11,109)
1995
$4,786,904
$4,519,740
($267,164)
($25,348)
1991
$5,811,737
$5,955,608
$143,871
($67,459}1
1992
$5,783,980
$6,283,260 *
$499,280
$170,332 .
1993
$5,599,276
$6,391,873
$792,596
($148,992~
1994
$5,109,884
$5,366,277
$256,392
245,2841
1995
.
* - Includes $116,772.01 of over recovered revenue found during an audit of ECABF
calculations.
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b. ACTUAL REVENUES
JULY AUGUST SEPTEMBER Total
ECABF' ($0.02954) ($0.02690) ($0.02690)
KWH 86,751,507 89,159,657 92,623,647 268,534,811
BASE $3,804,053.58 $3,909,650.96 $4,061,546.92 $11,775,251.46
ECABF ($2,562,639.52) ($2,398,394.77) ($2,491.576.10) ($7 ,452.610.39)
SUB-TOTAL SALES $ $1,241,414.07 $1,511,256.19 $1,569,970.82 $4,322,641.07
ADJUSTMENTS
KWH 207,279 134,784 65,140 407,203
BASE $ $9,089.18 $5,910.28 $2,856.39 $17,855.85
ECABF $ $39.88 $2,233.87 $3,901.54 $6,175.29
CORRECTIONS $ $0.00 $0.00 $173.067.60 $173.067.60
SUB-TOTAL SALES $ $9,129.06 $8,144.15 $179,825.53 $197,098.74
TOTALS
TOTAL KWH 86,958,786 89,294,441 92,688,787 268,942,014
TOTAL BASE $ $3,813,142.77 $3,915,561.24 $4,064,403.31 $11,793,107.31
TOTAL ECABF $ ($2,562,599.64) ($2,396,160.90) ($2,487,674.56) ($7,446,435.10)
TOTAL CORRECTION $ $0.00 $0.00 $173.067.60 $173.067.60
TOTAL SALES $ $1,250,543.13 $1,519,400.33 $1,749,796.35 $4,519,739.81
Average difference in purchases and generation to retail (KWH) is 3.26 lag.
ForPrevious Three Month:
Available (KWH)
Recorded Retail (KWH)
278,651,127
268,534,811
Retail projected 96.74% of
278,651,127
= 269,567,100
Adjustment For Billing Losses
269,567,100
268,534,811
= 1,032,289
Correction from Previous Period - Revenue
, .
3. ESTIMATED ENERGY REQUIREMENT AND TOTAL ENERGY COST FOR OCTOBER
ENERGY (KWH)
UNIT COST
($/KWH)
OCTOBER
RESOURCE
OCTOBER
"S.C.E"
ON
MID
OFF
TOTAL
(160,875
(220,275
2 000 000
1,618.850
$0.03217
$0.02917
$0.02467
FORECASTED
ECABF
($0.00821
.'.............:0..............
.;.:.:.:.:.:.:.:-:.:.:.:.:.;.:.
::::::;:;::.;.;.:.:.:.:.;.:.;.:.:.;.;.:.;.;.:.:.:.:.:.:.;.;.:-::::::::::::;:::;:::.:::;:;:;:::;:::;:;:;;.:;:;:::;:::::::::::.;.;.:.;
GEN/REPLACEMENT
)/fttttf~~~~(::::r/~:~:~:~:~:~':':":';';';';';=;:~:;:;:;:;==.. :::'" .
COST($)
($)
OCTOBER
($5,175.35
($6,425.42
$49 340.00
$37,739.23
$13290.76
~?~'~::=;:;f:::
......,......................................'...........
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
... ..................
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.....
..... ...................
$0.00
$0.00
$677,450.33
..................................
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$71,276.16
..............................
...................
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.......... 0,' . '.
......................................................
............................
..... $0.0090~, .::.....:.. ......,.~.1.~..1~.'~~~.
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$0.00000
.................. ..
............................
.........................
. . . . . . . . . . . . . . . . . . . . . .
.......... ...........
. . . . . . . . . . . . . . . . . . . . . . . .
........................ .
.. ....... .............
FORECAST REVENUE
KWH
BASE(0.04385)
ECABF
($0.02690)
...~~q~.~?9.:.9.9.
................................................................
....................................
............... ..... ...........
....................................
......:.:.:.:.:.:.;.;.:.:.:.:.:.;.:.:.:.;.:.:.:.:.:.:.:.:.:.:.'
$0.00
$1.597,298.13
90.935,600
$3,987,526.06
($2,446,167.64)