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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-029 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AUTHORIZING THE CITY MANAGER TO AMEND THE CITY <br />OF SEWARD ELECTRICAL TARIFF, EFFECTIVE APRIL 1, 2000, BY <br />DECREASING THE TARIFF FOR ALL CUSTOMER CLASSES, WITH THE <br />EXCEPTION OF INDUSTRIAL, AND YARD AND STREET LIGHTS <br />CUSTOMERS, BY APPROXIMA TEL Y SIX PERCENT <br /> <br />WHEREAS, The City of Seward negotiated a new Power Sales Contract with Chugach <br />Electric Association ("CEA") effective September 1, 1998; and <br /> <br />WHEREAS, The new contract has resulted in savings to the Electric Utility which can be <br />passed on to the customers in the form of a rate decrease; and <br /> <br />WHEREAS, The Council initiated an interim rate decrease of four percent (4%) effective <br />March 1, 1998, to pass some of the savings under the new CEA contract on to the customers; and, <br /> <br />WHEREAS, Council authorized a rate study for the Electrical Enterprise Fund to identifY <br />the appropriate rates for each customer class under the new CEA contract; and <br /> <br />WHEREAS, Peterson Consulting Group, Inc., has performed a rate study for the City of <br />Seward Electric Enterprise fund which recommends a new rate structure for the utility which fairly <br />allocates revenue requirements from each customer class and results in an overall decrease of <br />approximately six percent (6%) in all categories except Large Industrial and Yard and Street Lights; <br />and <br /> <br />WHEREAS, The Electrical Enterprise Fund is in good financial shape and can absorb the loss <br />of revenue resulting from this rate decrease; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. Effective April 1, 2000, the Electrical Rates and Charges are amended as follows: <br />