Resolution No. 6784
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RESOLUTION 6784
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.
6742 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
that
the
recitals
contained
and determines
hereinabove are true and correct.
SECTION 2:
That the City Council of the City of
Vernon does hereby adopt an ECABF of negative $0.03186 per
kilowatt hour on electrical energy sold to its electrical
consumers.
SECTION 3:
That the effecti ve date of said ECABF
shall be May 7, 1996 and shall continue until rescinded or
amended by resolution of the City Council of the City of Vernon.
SECTION 4: That effective May 7, 1996 this resolution
rescinds existing ECABF Resolution No. 6742.
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 7th day of May 1996.
~ 'e~ .~
~kf...z> A ; .;r~~. /~',t . ~
"EO~IS C. MALB G, Mayo
ATTEST:
d
/~
BRUCE V. MALKENHORST, City Clerk
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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. 6784 was duly adopted by the City Council of the
City of Vernon, at a regular meeting of the City Council duly
held on Tuesday, May 7th 1996 and thereafter signed by the Mayor
of the City of Vernon.
~
BRUCE v.
(SEAL)
j ~.
"
City of Vernon
Energy Cost Adjustment Billing Factor
Computation Sheet
For Three Month Period - MAY 1 - JULY 311996
1.
Estimated Energy Costs
2.
3.
4.
5.
Purchased Power from SCE
a. Energy Charge
b. Energy Cost Adjustment
$148,020.00
($63.000.00)
GenlReplacement Costs
$93,522.00
$347,148.92
$747,181.88
$2,361,913.08.
Cost of Interruptible Purchases
Cost of Energy Associated with the purchase of Firm
Power
Total Energy Costs (1+2+3+4)
$3.549.765.89
Correction Factor
6. Actual Energy Expenses for the Previous $3,405,611.46
Three Month Period (JANUARY, FEBRUARY, MARCH)
7. Balance ofthe Unrecovered (Over-Recovered) ($420,494.29)
Energy Expenses at the Start of the Previous
Three Month Period
8. Less: Revenue Billed - Base Rate and ECA $3,294,182.61
from the Previous Three Month Period
9. Unrecovered (Over-Recovered) Energy Expenses at the ($309,065.44)
Termination of the Previous Three Month Period (6+7-8)
10. Unrecovered (Over-Recovered) Energy Cost Estimate for $210,783.71
the Month of (APRIL)
11. Total Cost to be Recovered (5+9+10) $3,451,484.15
Calculation of Factor
12.
13.
14.
15.
16.
17.
Estimated KWH Sales 96.74% of Purchases
278,379,024
9,455,357
287,834,381
$0.01199
$0.04385
($0.03186)
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)
.q
.:-:.:.;.;.;,;.;.:.:,:.:.:.:
.. ..,.,.,.......
..,.,......'..,.......,.....,...,...........
. . . . . . . . . . . . . .. . . . . .
Actual Expense
Actual Revenue
Over/(Under)
This Period
Total Over/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
Total Over/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
Total Over/(Under)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Urider)
at End of Period
Actual Expense
Actual Revenue
Over/(Under)
This Period
TotaIOver/(Under)
at End of Period
Period 1
Jan - Mar
Period 2
~e~ :.~.~~.!.
Period 3
Jul - Sep
........ ..... .... .' .. ...:.................:.....:..:... .:.:.;
i~i~~)iir:~tt:j~?(jt:r~:i(:tffr\iii!i!:/~::;~;~/:.:-:-:.:.:.:.;.:.:.:.::~:~:::::~~:~::~:~:i:~:::~:::~t:~:i~:i;~:~:~;~:~:i~r::
Period 4
Oct - Dee
..................................
....... ..... ..................
1992
$5,598,749
$5,606,071
$7,322
1992 1992
$5,716,352 5,928,387
$5,495,538 5,880,390
($220,814) ($47,997)
($280,951) . ($328,948
1993 1993
$5,305,297 $6,016,873
$4,740,503 $4,965,966
($564,794) ($1,050,907)
1992
$5,783,980
$6,283,260 *
$499,280
$170,332
1993
$5,599,276
$6,391,873
$792,596
$674,113
($941,588)
($148,992
1994
$5,109,884
$5,366,277
$256,392
245,284
1995
$4,227,466
$4,673,308
$445,842
$420,4941
1996
,
1993
$5,195,373
$5,699,153
$503,781
$109,319
1994 1994
$5,280,682 $4,866,537
$5,203,876 $5,453,396
($76,806) $586,859
($225,798) $361,061
1995 1995
$4,411,608 $3,842,555
$4,336,403 $3,914,292
($75,205) $71,737
$170,079 $241,816
1996 1996
$3,405,611
$3,294,183
($111,429)
$309,065
1994
$5,657,379
$5,285,209
($372,170)
($11, 1 09)
1995
$4,786,904
$4,519,740
($267,164)
($25,348)
1996
* -Includes $116,772.01 of over recovered revenue found during an audit of ECABF
calculations.
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b. ACTUAL REVENUES
JANUARY FE8RUARY MARCH Total
ECABF ($0.02576) ($0.03278) ($0.03278)
KWH 78,664,196 83,735,840 83,783,219 246,183,255
BASE $3,449,424.99 $3,671,816.58 $3,673,894.15 $10,795,135.73
ECABF ($2,026,389.69) ($2,744.860.84) ($2,746,413.92) ($7,517,664.44)
SUB-TOTAL SALES $ $1,423,035.31 $926,955.75 $927,480.23 $3,277,471.29
ADJUSTMENTS
KWH 148,112 176,718 204,306 529,136
BASE $ $6,494.71 $7,749.08 $8,958.82 $23,202.61
ECABF $ ($3,945.26) $761.10 $89.06 ($3,095.10)
CORRECTIONS $ $0.00 $0.00 ($3,396.19) ($3.396.19)
SUB-TOTAL SALES $ $2,549.45 $8,510.18 $5,651.69 $16,711.32
TOTALS
TOTAL KWH 78,812,308 83,912,558 83,987,525 246,712,391
TOTAL BASE $ $3,455,919.71 $3,679,565.67 $3,682,852.97 $10,818,338.35
TOTAL ECABF $ ($2,030,334.95) ($2,744,099.74) ($2,746,324.86) ($7,520,759.54)
TOTAL CORRECTION $ $0.00 . $0.00 ($3,396.19) ($3,396.19)
TOTAL SALES $ . $1,425,584.76 $935,465.93 $933,131.92 $3,294,182.61
Average difference in purchases and generation to retail (KWH) is 3.26 lag.
For Previous Three Month:
Available (KWH)
Recorded Retail (KWH)
264,253,269
246,183,255
Retail projected 96.74% of
264,253,269
= 255,638,612
Adjustment For Billing Losses
255,638,612
246,183,255
= 9,455,357
Correction from Previous Period - Revenue
."
3. ESTIMATED ENERGY REQUIREMENT AND TOTAL ENERGY COST FOR APRIL
"S.C.E"
ON
MID
OFF
TOTAL
ENERGY (KWH) UNIT COST COST($)
($/KWH) ($)
APRIL APRIL APRIL
0 $0.03217 $0.00
0 $0.02917 $0.00
2 000 000 $0.02467 $49 340.00
2,000,000 $49,340.00
RESOURCE
FORECASTED
ECABF
($0.01000 $20000.00
.. .:,:::,:,:,:,:,:,:::::<:::::::(::::::,::: ~:::::"":'::"::~)S~~:~:;,~~0::::;:g~g:::
.......::.:.:.:.:.?::::::::;=;=;=;=;:;=;:::;=;:::::::::;:;: ;:;:;:;;f':':.:-::/:::}:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:::;:::;:::;:;:;:;:::;
. ". . . ':}":'. :.::;;:' :;';;.' ..:'::;::\;. :.::(.: ':: {:{.:::::;:;:::.::::;:::::;:;:......:
NON-FIRM
ON 0 $0.00
MID 0 $0.00
,,"::~~::;::::;::~Z!i~;;~.:.
3,800,651" .. ..... "$6~00909 $34,533.91
..........:....:...:.:.:.:.::.:........................~,.?.~9..,~~6. . .. ....... $0. 02?~~. ..........,......~? 4~,.~~.?:.!5..1...
..............:_.:..:....:........::::;:~:~:;:;;;~;~;~;~;~;~;~;~;~;~[~~~~~~~i11j~~~~jjjjj~~~~[~~~f~fff~[jfff~1j~Ij~jJ~~~~jjfjfffjjjjjjjjjffffft~fffjijjjjjj~jjji~jj[jlfjj~~jj~Ij~j~jji~jjjIjj[tj~j~jjijjjj~j~jjjjj~j
)/(/:1/:::{r':}:I~':,~r:::~::~~::,~1~,::~~::
::::: . :::.. ::::;:::.:::;:::;::::::::
::::::[:::::::::::[:::::::::::::::::[~:lli:~::lli:~:ili:i:ili:i[~::;:::
$0.00
$1,163,895.21
FORECAST REVENUE
KWH
BASE(0.04385)
ECABF
($0.03278)
86,098,600
$3,775,423.61
($2,822,312.11)
$953,111.50
$210,783.71
ESTIMATED UNRECOVERED (OVER-RECOVERED) ENERGY COST
.