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09-11-2012 CC RPT 09
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City Council Reports
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09-11-2012 CC HA AGENDA
(Superseded by)
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\City Council Agendas\2010-2019\2012
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Schedule TED and Schedule BR—Page 5 <br /> hearing one letter was received in support of Schedule TED and is attached to this report. <br /> Effective Date <br /> Both Electric Rate Schedules go into effect following adoption by the Board of Public Utilities <br /> and approval by the City Council. Under the current proposed timing, Schedule TED will take <br /> effect on September 1, 2012 and billed with the initial billing cycles on October 1, 2012. The <br /> extension to Schedule BR will be effective upon City Council approval. <br /> FISCAL IMPACT: <br /> There is no negative fiscal impact from these rates. By offering Schedule TED, new customers <br /> immediately pay all power and transmission costs, while phasing in full distribution costs. <br /> Schedule TED will result in increased revenues to RPU and the General Fund, job creation <br /> and attraction of businesses. Schedule BR will allow for continued operations in the City and <br /> result in continued revenues to RPU and the General Fund. <br /> Prepared by: David H. Wright, Public Utilities General Manager <br /> Certified as to availability <br /> of funds: Brent A. Mason, Finance Director/Treasurer <br /> Approved by: Belinda J. Graham, Assistant City Manager <br /> for Scott C. Barber, City Manager <br /> Approved as to form: Gregory P. Priamos, City Attorney <br /> Attachments: <br /> 1. Recommended Rule and Rate Schedules: <br /> A. Proposed Electric Rate Schedules TED <br /> B. Proposed Temporary Economic Development Rate Agreement <br /> C. Proposed Electric Rate Schedule BR <br /> 2. City Council Resolution with Board Resolution attached (including Rate Schedules and Rate <br /> Agreement) <br /> 3. Board of Public Utilities minutes of August 17,2012 <br /> 4. Customer Letter <br /> 9-5 <br />
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