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HomeMy WebLinkAboutRESO 6437• • • ORIGINAL RESOLUTION NO. _-6lt.JL_ RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO ADOPTING A GAS RATE REFUND PLAN WL;~REA.S, by Advice No. 1310-G, Pacific Gas and Electric Company, on February 20, 1985, informed the City of Palo Alto that it would be entitled to a MGas Rate Credit"~ and WHEREAS, the City of Palo Alto has received the sum Hundred Eighty-Four Thousand, Eight Hundred Ten ($384,810.00), as a credit on its.July, 19&5, wholesale from Pacific Gas and Electric Company; of Three Dollars gas bill NOW I THEREFORE, the Counci 1 of the city of Palo Al to does hereby RESOLVE as follows: SECTION 1. It is hereby found to be in the public interest to grant a refund of Three Hundred Eighty-Four Thousand, Eight Hundred Ten Dollars ($384,810.00) to the rate payers of the gas utility of the City of Palo Alto. SECTION 2. Refunds as a lump sum payment, showing as a cred- it on the customers monthly bill shall be made during the November, 1985, billing cycle. Refunds shall be made as a pro rata share of each customers gas consumption in rela~ion to the total gas consumption for the City of Palo Alto for the period November 1, 1984, through October 31, 1985, which will be the "Refund Billing Period". Staff shall implement refunds for present and former custom- ers of the gas utility as described in the City Manager's Report accompanying this resolution. Adopted this ..2.1h_ d~y of Octo~b~e~r~~-' 1985, by the following vote: INTRODUCED AND PASSED; October 7, 1985 AYES: Bechtel, Cobb, Fletcher, Klein, Levy, Rer.zel, Sutorius, Woolley NOES: None ABSTENTIONS: None ABSENT: Witherspoon Ci tVilerk</ APPROVED ~ TO FORM: Se City Attorney Oi~ector of Utilitie~