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I RESOLUTION NO. 97- 4 2 A RESOLUTION OF THE BOARD OF PUBLIC UTILITIES OF THE CITY OF RIVERSIDE, CALIFORNIA, RECOMMENDING APPROVAL BY THE CITY 3 COUNCIL OF THE PUBLIC BENEFITS CHARGE OF 2.85% OF TOTAL ELECTRIC USAGE CHARGES ON LOCAL DISTRIBUTION SERVICE, AS REQUIRED BY 4 A.B. 1890. 5 WHEREAS, the Legislature of the State of California has enacted legislation providing for 6 the restructuring of the electrical industry in California ("A.B. 1890"); and 7 WHEREAS, A.B. 1890 provides that each local publicly owned electric utility shall establish 8 a nonbypassable, usage based charge on local distribution service tied to the lowest percentage spent 9 by California's three largest investor owned utilities to fund investments by the utility in certain public 10 benefit programs ("public benefits charge"); and 11 WHEREAS, California Energy Commission data establishes that the lowest percentage 12 spent by California's three Iargest investor owned utilities on the public benefit programs is 2.85%, and 13 therefore the minimum public benefits charge is 2.85%; and 14 WHEREAS, the Public Utilities of Riverside is a local publicly owned electric utility 15 mandated under A.B. 1890 to levy a public benefits charge of at least 2.85%; and 16 WHEREAS, the Public Utilities of Riverside has the discretion to establish the public 17 benefits charge at a rate in excess of the mandated minimum of 2.85%; and 18 WHEREAS, under Section 1202 of the City Charter, the Board of Public Utilities has the 19 power and duty to establish rates for the electric utility in the City; and 20 WHEREAS, a public hearing, notice of which was published in the Press -Enterprise on 21 November 6 and 13, 1997, was commenced by the Board on November 21, 1997 to receive and 22 consider oral and written comments from the public on the amount of the public benefits charge, and 23 after receipt and consideration thereof the Board concluded the hearing; and 24 WHEREAS, the Board intends to limit the public benefits charge to 2.85% of total electricity 25 usage charges on local distribution services; 26 NOW THEREFORE, BE IT RESOLVED by the Board of Public Utilities of the City of 27 Riverside, California, as follows: Cityty Attorney's Mee 39ti0 Main Street Riverside, CA 92522 (909)782-5567 -1-