HomeMy WebLinkAboutResolutions - No. 2010-115RESOLUTION NO. 2010-115
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
THE CITY MANAGER OR ELECTRIC UTILITY DIRECTOR TO
CLOSE ENERGY POSITIONS IN ACCORDANCE WITH THE
CITY OF LODI ENERGY RISK MANAGEMENT POLICIES AND
APPROVAL OF THE ENERGY RISK OVERSIGHT COMMITTEE
WHEREAS, the City of Lodi must buy electricity and fuel to meet its customers' needs
for electricity; and
WHEREAS, it is expected that Lodi's purchases under this Resolution could occur in
various amounts and timeframes; and
WHEREAS, Lodi's purchases under this Resolution will conform to the accepted
transaction types and other provisions of the City of Lodi Energy Risk Management Policies,
adopted on January 18, 2006, by City Council Resolution No. 2006-19.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager or the Electric Utility Director to enter into contractual arrangements
for electric energy and capacity and fuel and related services to reduce Lodi Electric Utility's
open position to meet its service obligations in accordance with the City of Lodi Energy Risk
Management Policies and the approval of the City of Lodi Energy Risk Oversight Committee;
and
BE IT FURTHER RESOLVED that the Lodi City Council does hereby authorize the
Electric Utility Director or her designee to administer any such contract.
Dated: July 7, 2010
hereby certify that Resolution No. 2010-115 was passed and adopted by the Lodi City
Council in a regular meeting held July 7, 2010, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS — Hansen, Johnson, Mounce, and
Mayor Katzakian
COUNCIL MEMBERS — None
COUNCIL MEMBERS — Hitchcock
COUNCIL MEMBERS — None
2010-115