HomeMy WebLinkAboutResolutions - No. 2005-247RESOLUTION NO, 2005-247
A RESOLUTION OF THE LORI CITY COUNCIL
IMPLEMENTING AND ADJUSTING THE MARKET
COST ADJUSTMENT FOR ELECTRIC RATES
WHEREAS, the Council of the City of Lodi finds as follows:
1, The City of Lodi provides electricity to its citizens through the Lodi Electric Utility
Department;
2. The City charges customers of this utility a charge to fund the can -going operation
and maintenance of the electric supply;
3. Wholesale electric casts have experienced severe volatility in the 2005-06 budget
year and price volatility is expected to continue into the 2006-07 budget year;
4. The net cost for the cost increases in the 2005-06 budget year has to date been
borne by the Electric Utility Department's reserves and will, if left unchecked,
ultimately leave the account in a significant deficit;
5. The Lodi Municipal Cotte authorizes the City Council to impose by resolution a
Market Cost Adjustment to address cost spikes in the wholesale electric market
(Lodi Municipal Cade Section 13.20.175).
NOW, THEREFORE, RE IT RESOLVED by the City Council of the City of Lodi as follows:
ectlon 1 a Recitals. The foregoing recitals are true and correct.
Section 2. Lg of Ch rges. Pursuant to Section 13.20.175 of the Lodi Municipal Code,
the Market Cost Adjustment for electric rates is hereby implemented in the amounts shown on
Exhibit `°A" attached hereto and made a part of this Resolution.
Section 3. Effective Date. This resolution shall take off ect on December 2, 2005.
Dated: November 16, 2005
I hereby certify that Resolution No, 2005-247 was passed and adopted by the City Council of
the City of Lodi in a regular meeting Feld November 16, 2005, by the following vote:
AYES. COUNCIL MEMBERS w.. Hansen, Hitchcock, and Johnson
NOES: COUNCIL MEMBERS — Mounce and Mayor Beckman
ABSENT: COUNCIL MEMBERS — None
SUSAN J. BLAdKSTON
City Clerk
effective IBCA for 11 < 4000 kw is 1.56
Attachment 1
MARKET COSH" ADO UST `NT BILLING FACTOR
The Market Cost Adju.Stme€1t Billing Factor by designated rate schedule,
in cents per kilowatt-hour, shall be shown
in the Section,
Certain classes mav have a tiered MCAUF by level of monthly consumption.
Tier
kWh
cents per kWh
f
0.502
-BO
2
51.300
2.90
3
301-400
4.10
4
401505
4.90
5
509-600
4.90
Fa
601.781
6.50
7
782900
13.20
8
901-9 171
17.60
8
>1,171
19.00
Tier
kWh
cents Per kWh
2
51;300
1.75
3
3t)1-600
3.25
47
601.900
4.90
5
941-9V
5.76
6
953-1237
5.75
i
,_28$1,903
7.10
8
1,904-2r855
13.00
9
s2;8a5
2040
ED
Tier
ar
kWh
�ents Per �kft
1
0-50
1.40
2
61-300
4,40
3301-400
2.60
4
401-508
2.60
5
509-600
2.60
6
601-781
9.00
7
78^-9D0
12,00
9
9t -1,171
12,80
9
01,171
15,20
Tier
kWh
o�nts �P k1�ii
1 0-50
1.40
2 514300
1.40
3 301-600
2..60
4 661-900
192
5 90.1-952
4.60
6 953.1,237
4.60
i 4,238=1.,9t73
5.68
8 1,90.4-2 855
10.40
9 >2,855
16.00
class
T e
cents Per kWh
Es
All
0.94
Em
All
0.71
L
All
1.00
GC9n5h1�P�f�t�l[1dU5iP'6AI
Class
Tcert$
F kWlt
(31
All
4,09
G2
All
4.83
G3
All
4,45
G4
All
3,36
G5
All
2.80
11
<4,000 RW
3.12.
11
-4,(700 kW
2.50
effective IBCA for 11 < 4000 kw is 1.56