HomeMy WebLinkAboutReso 2013-015 - Electric Utility Rates
e RESOLUTION NO. 2013-015 e
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
ESTABLISHING THE ELECTRIC UTILITY RATES FOR SERVICE TO
CUSTOMERS WITHIN THE CORPORATE LIMITS OF THE CITY OF
REDDING EFFECTIVE MARCH 5, 2013, AND MARCH 5, 2014
WHEREAS:
A. Section 14.22.170 of the Redding Municipal Code provides that the City Council shall establish
electric utility rates by resolution; and
B. For the reasons set out in the attached Report to Council, it has been recommended that the City
Council adopt new, increased electric utility rates incorporated herein by reference; and
C. The City Council has carefully considered this recommendation; reviewed the existing electric
utility rate structures; studied the tariffs required to cover the adjustments for 2013 and 2014; and deems it to be
in the best interests of the City of Redding to establish the new, revised, and adjusted electric rates as proposed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding as follows:
1. Pursuant to Section 14.22.170 of the Redding Municipal Code, the City Council hereby approves a
7.84 percent rate increase effective for usage beginning on the first day of the first electric billing cycle of March
2013, and a subsequent 7.84 percent rate increase effective for usage beginning on the first day of the first
electric billing cycle of March 2014, and directs staff to appropriately amend the electric utility rate tariffs.
2. That the purposes for the imposition of the increases and other changes are as follows: (1) to meet
operating expenses and to fund state-mandated programs; (2) to meet financial reserve needs and requirements;
(3) to obtain funds for capital proj ects necessary to maintain service reliability; (4) to meet the costs of purchased
power; and (5) to obtain funds necessary to maintain such intra-City transfers as previously authorized by law
(see e.g. Resolution 2011-111 from the June 22, 2011, City Council meeting approving the budget for FY 2011-
12 and FY 2012-13.
3. That the City Clerk and the Finance Officer of the City of Redding be hereby directed to maintain
available certified copies of this resolution in their respective offices for inspection and review by any interested
person or persons.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at the regular meeting of
the City Council of Redding on the 5th day of February, 2013, and was duly adopted at said meeting by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN :
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
McArthur, Sullivan, and Bosetti
Cadd and Jones
None
None
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RICK BOSET , Mayor
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Attest:
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Form Approved:
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