HomeMy WebLinkAboutResolutions - No. 91-138RESOLUTION NO. 91-138
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A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING APPLICATION OF THE "PURCHASED POWER COST ADJUSTMENT"
(PPCA) FOR A THREE-MONTH PERIOD
WHEREAS, Ordinance 1507 adopted by the Lodi City Council on
January 16, 1991 approved the establishment of revised rates for the
sale of electric energy by the City of Lodi, and acknowledged that
language had been included in the tariff sheets to incorporate a
"Purchased Power Cost Adjustment" (PPCA) clause which would enable
the City to later collect revenue to cover significant expense items
which were not anticipated; and
WHEREAS, because of adjustment in power plant operation in 1991,
unanticipated supplemental purchases of energy from Pacific Gas and
Electric and others will result in an increased Lodi revenue
requirement of approximately $1,250,000;
NOW, THEREFORE, BE IT
approves application of the
customer billings at a level
prepared on or after August 1,
the October 1991 billing cycle.
Dated: July 17, 1991
RESOLVED, the Lodi City Council hereby
PPCA, thereby increasing residential
of 11 mills/kwh beginning with bills
1991 and terminating with completion of
I hereby certify that Resolution No. 91-138 was passed and
adopted by the Lodi City Council in a regular meeting held July 17,
1991 by the following vote:
Ayes: Council Members - Pinkerton, Sieglock, Snider and
Hinchman (Mayor)
Noes: Council Members - Pennino
Absent: Council Members - None
Alice M. Reimche
City Clerk
91-138
RES91138/TXTA.02J