HomeMy WebLinkAboutOrdinances - No. 1765OF LODl AMENDING
ACT IN^ S~CTIONS
COST ADJUSTMENT
VICES - C~APTE~ 13.20,
I., I.
EiILLING 6Ak"fOR: AND FUrhtiEf3 REPEAl.ING SECTION 13.20.185 IN ITS
E N'fI RE7 Y RE!. A'I'I NG TO PF3 E EX1 S T I NG E L.EC'lP I C RA-TES
le electricity prices have increased by approximately 38.6% since the
justment was impl~mented as a result of unforeseen natural disasters
~~€ , the bodi ~lectric Utility is currently selling power to its customers at a significant
toss; and
, the iodi Electric Utility is fequired to set rates underthe rate covenants set forth
edne~s at 1 10 pefcent of its cost of service; and
r c~ntinued operation of the ~lectric Utility at a loss could place the Electric Utility
in default of its rate covenants and subject the City to significant litigation, costs, and threaten the
Electric Util~ty's ability to con~inue ~roviding electric service to its customers; and
cessa~ to provide for the public peace, health, and safety
WH
IL OF THE CITY OF LODI AS FOLLOWS:
Section 1. bodi Municip ode Title 13, "Public Services," Chapter 13.20, "Electrical Service," is
g $ection 13.20.1 75 @)-(I), (5), and (6) relating to the y amend~d by re
billing factor and
D. ~alcula~ion t Adju~tmen~ bill~ng factor
1. When the Electr~c Utility irector d~ems that substantial changes in power
oc~urred relative to the costs included in base rates, the
stment billing factor shall be activated following the
approval of the City Council in amounts and at times set by Resolution.
The Electric Utility epa~ment shall furnish to the City Council a notice of
any p~opos~d acti lion or change in the Market Cost Adjustment billing
vation or change in the Market Cost Adjustment billing factor
val of the City Council in amounts and at times set by
5.
6. rtment general^^ shall make the
ors effective as of the first day of th
month. Adjus~ments to the Market Cost Adjustment shall be no more
frequent than qua~er~y and no less than sem~-annuajly.
Section 2. Lodi ~unicipal
he~eby amend~d by repealing
blic Services," Chapter 13.20, "Electrical Service," is
5 in its entirety rela~ing to p~eexist~ng electric rates.
This ordinance is not intended to and shall not be
ich impo~es upon the City, or any officer or employee
ersons or property within the City or outside of the City
arnages, except as othe~ise imposed by law.
~rdinances and parts of ordinanc~s in conflict herewith are repealed insofar as Section 4.
such conflict m
Section 5. This o~dinance shall be publ~shed one time in the "Lodi News Sentinel," a daily
newspaper of g~n~ral circulation ~rint~d and ~ublished in the City of Lodi, and shall be in force and
take effect 30 days from and after its ~a~sage and approval.
Approved this 2"d day of November, 2005.
f Lodi, do hereby certify that Ordinance
Council of the~i~of Ladi held October 19,
to print at a regular rne~t~ng of said Council
- Hansen, itchc cock, Johnson, and Mayor Beckman
nd signed by the Mayor of the date of its
passa~e and ihe s me has been publishe
SUSAN J. BLACK
City Clerk
City A~orn~y
2