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Home My WebLink AboutReso 2021-141 - Establishing The Electric Utility Rates For Service To Customers Within The Corporate Limits Of The City Of Redding �soLUTION No. �0�1-1�1 A RESOLUTION QF THE CITY COUNCIL OF THE CITY t)F REDDING ESTABLISHING THE ELECTRIC UTILITY RATES FOR SERVICE TO CUSTOMERS WITHIN THE C4RPt�RATE LIMITS OF THE CITY OF REDDING EFFECTIVE JANUARY 1, 2022, AND JANUARY 1, 2023, AND ADOPTING A RESIDENTIAL MULTI-FAMILY RATE WHEREAS: A. Sectian 14.22.170 of the Redding Municipal Code provides that the City Council shall establish eleetrie utility rates by resolution; and B. Far the reasons set out in the report to Council, it has been recommended that the City Council adopt new, residential multi-family service and new, increased eleetrie utility rates; and C. These rates have been studied by means of rate study dated November l, 2021, which is hereby incorporated by reference into this Resolution; and D, The City Couneil has carefully c�nsidered this recommendation; reviewed the existing electric utility rate structures; studied the tariffs required to cover the adjustments for 2422 and 2023, including thereby the rate study dated November 1, 2021; and deems it to be in the best interest af the City af Redding to establish the new, revised, and adjusted electric rates as proposed; NO�V, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Redding as follows: 1. The recitals set forth above are incorporated herein as findings of fact and are true and correct. 2. Pursuant to Section 14.22.170 of the Redding Municipal Code, the City Couneil hereby adopts the rates and fixed eharges set forth in the Exhibit A,attached and incorporated herein,and directs staff to appropriately ineorporate the same into the eleetric utility rate tariffs. 3. That the purpose far the imposition of the increases and ather changes are as follc�ws: (1)to meet operating expenses and to fund State-mandated programs; {2)ta meet financial reserve needs and requirements; (3}to obtain funds for capital projeets necessary�to maintain service reliability and improve electrieal infrastructure; and {4) ta meet new campliance requirements as mandated by federal and State 1aws. 4. That the residential multi-family service rate established herein does not exceed the east of providing service to that customer class. 5. That the increases to electric utility rates set forth herein do not, and wi11 not when implemented, exceed the cost of providing service to REU customers. 6. That the City C1erk and the Financial �fficer of the City of Redding are hereby directed ta maintain available certified copies of this resolution in their respective offices for inspeetion and review by any interested persons or persons. I HEREBY CERTIFY that the faregoing resalution was introduced at a regular meeting of the City Council of the City of Redding an the 7th day of December, 2021, and was duly adopted at said meeting by the following vote: AYES: CQUNCIL MEMBERS: Daquisto,Mezzano, Schreder,Winter,and Resner NOES: COUNCIL MEMBERS:None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None .� ,.�- �� KRISTEN SC DER, Mayor ATTEST: FORM APPROVED: � a �r � �-� � < ��°: � � PA�E�.,A MIZE, Cit� ?-k BARRY E. DeW LT, City Attorney Exhibit A M � . ! M , � . � Rate Cc�mpQnent Current Rate propflsed Proposed 111122 lll/23 Network Access Charge ($IMeter) $15.00 $20.00 $25.00 Energy Charge ($ikVijh} $0.1528 $0.1508 $0.1488 � � � . � . � � � , � Rate CQmpanent Current Proposed Proposed Discount 111/22 111123 NetwQrk Access Charge Credit($lMeter) {$10.40) ($12.50) {$15.00) Energy Charge Discount {$fkWh) [450 kWh Max] ($0.0535} ($0.0528) ($0.0521) � � � . , . . � , . Rate Camponent Current Rate pT°p°�� proposed 1f1122 lllt23 Netwark Access Charge {$lMeter) $15.00 $18.00 $23.OQ Energy Charge {$/kVVh} $0.1528 $0.1508 $0,1488 � � i . , , � . Rate Component Current Rate proposed Praposed 111122 111123 Network Aceess Charge ($/Meter} $70.fl4 $200.00 $300.40 Energy Charge {$lkWh) $0.1528 $0.1508 $0.148$ ' � r • � Rate Cc�mponent Current Rate proposed Proposed ll1 J22 1/1123 Network Access Charge ($1Meter) $25.00 $30.�0 $40.00 Energy Charge ($1kWh} $O.lb7� $0.1679 $O.1b45 ' i � • � « � � : Rate CQmponent Current Rate Pr°�°�ed Proposed llll22 llll23 Network Aecess Charge ($fMeter) $140.00 $145.00 $145.00 Energy Charge {$fkWh) $O.Q9$0 $0.1011 $0.1044 Demand Charge {$1kW) $20.40 $20.00 $20.00 R � + � Rate Companent Current Rate Pr°�°sed Praposed 1/1/22 111123 Minimum Monthly Bill $20.75 $2Q.75 $20.75 Energy Charge {$1kWh} $0.2647 $Q.2716 $0.2718 � f � • � � t � � � Lamp Size Current Rate proposed Praposed 111I22 1/1123 70 watts high-pressure sodium $19.87 $2Q.27 $20.67 100 watts high-pressure sodium $28.12 $28,68 $29.26 150 watts high-pressure sodium $29.54 $30.13 $30.73 200 watts high-pressure sodium $32.{75 $32.b9 $33.34 250 watts high-pressure sodium $34.38 $35.07 $35.77 400 watts high-pressure sadium $38.14 $3$.90 $39.68 ' � E • t � � . � � i Lamp Size Current Rate Propased Proposed 111122 111123 7Q watts high-pressure sodium $6.46 $6,59 $6.72 1Q0 watts high-pressure sodium $8.24 $8.40 $8.57 150 watts high-pressure sodium $10.60 $10.81 $11.fl3 200 watts high-pressure sodium $12.73 $12.98 $13.24 250 watts high-pressure sodium $14.87 $15.17 $15.47 4Q0 watts high-pressure sodium $21.15 $21.57 $22.00 ' � � � � � � � Lamp Size Current Rate P�aposed Proposed llll22 111123 175 watts mercury vapor $3Q62 $31.23 $31.86 250 watts mercury vapor $34.38 $35.07 $35.77 40Q watts mercury vapor $3$.14 $38.90 $39.68 Z,000 watts mercury vapor $54.03 $55.11 $56.21 1,500 watts mercury vapor $73.70 $75.17 $76.6$ ' � � � i � Rate Component Current Rate prc�posed Propased U1J22 1i1123 Charge {$IkW) $b.35 $I 5.05 $15.45