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3� <br />4 <br />5 <br />Gil <br />7 <br />8 <br />9 <br />10 <br />111 <br />12 <br />13. <br />14 <br />15� <br />16. <br />171 <br />18 <br />19 <br />20 <br />2111 <br />W% <br />23 <br />24 <br />25 <br />26 <br />27 <br />I <br />City Attorney's omce <br />3900 Main Street <br />Riverside, CA 92522 <br />(909) 782-5567 <br />RESOLUTION NO. 93-1 <br />A RESOLUTION OF THE BOARD OF PUBLIC UTILITIES OF <br />THE CITY OF RIVERSIDE, CALIFORNIA, ESTABLISHING <br />INCREASES IN THE ELECTRIC RATES OF THE CITY'S <br />ELECTRIC UTILITY, MAKING RELATED FINDINGS OF FACT, <br />AND RECOMMENDING CITY COUNCIL APPROVAL THEREOF. <br />WHEREAS the City of Riverside ("City"), by and <br />through its Public Utilities Department ("Department"), is <br />obligated to (1) serve its electric customers safe, reliable <br />and equitably priced electricity, (2) operate its Electric <br />Utility in an efficient and economical manner, and (3) <br />operate, maintain and preserve its Electric Utility in good <br />repair and working order; and <br />WHEREAS the Department is responsible for operating <br />the Electric Utility in such a manner that revenues from the <br />sale of electricity shall at least equal the costs of <br />operation, including all maintenance and operation, <br />administrative and general, debt service, capital <br />improvements, tax -related payment and other costs incurred in <br />complying with prudent utility business practices; and <br />WHEREAS the rates charged for electric services are <br />required to be designed on a fully allocated basis utilizing <br />a cost of service study and a design which provides for full <br />cost recovery on a fair and equitable basis for all rate <br />classes; and <br />WHEREAS the City's Board of Public Utilities <br />("Board") is charged by Section 1202(e) of the City Charter <br />to establish the rates for the Electric Utility, subject to <br />the approval of the City Council; and <br />F:\WPDATA\RES\93134702.RS <br />1 <br />2 <br />3� <br />4 <br />5 <br />Gil <br />7 <br />8 <br />9 <br />10 <br />111 <br />12 <br />13. <br />14 <br />15� <br />16. <br />171 <br />18 <br />19 <br />20 <br />2111 <br />W% <br />23 <br />24 <br />25 <br />26 <br />27 <br />I <br />City Attorney's omce <br />3900 Main Street <br />Riverside, CA 92522 <br />(909) 782-5567 <br />RESOLUTION NO. 93-1 <br />A RESOLUTION OF THE BOARD OF PUBLIC UTILITIES OF <br />THE CITY OF RIVERSIDE, CALIFORNIA, ESTABLISHING <br />INCREASES IN THE ELECTRIC RATES OF THE CITY'S <br />ELECTRIC UTILITY, MAKING RELATED FINDINGS OF FACT, <br />AND RECOMMENDING CITY COUNCIL APPROVAL THEREOF. <br />WHEREAS the City of Riverside ("City"), by and <br />through its Public Utilities Department ("Department"), is <br />obligated to (1) serve its electric customers safe, reliable <br />and equitably priced electricity, (2) operate its Electric <br />Utility in an efficient and economical manner, and (3) <br />operate, maintain and preserve its Electric Utility in good <br />repair and working order; and <br />WHEREAS the Department is responsible for operating <br />the Electric Utility in such a manner that revenues from the <br />sale of electricity shall at least equal the costs of <br />operation, including all maintenance and operation, <br />administrative and general, debt service, capital <br />improvements, tax -related payment and other costs incurred in <br />complying with prudent utility business practices; and <br />WHEREAS the rates charged for electric services are <br />required to be designed on a fully allocated basis utilizing <br />a cost of service study and a design which provides for full <br />cost recovery on a fair and equitable basis for all rate <br />classes; and <br />WHEREAS the City's Board of Public Utilities <br />("Board") is charged by Section 1202(e) of the City Charter <br />to establish the rates for the Electric Utility, subject to <br />the approval of the City Council; and <br />F:\WPDATA\RES\93134702.RS <br />