HomeMy WebLinkAboutRESO 4594---------------------------------------·---
. . • • ORIGINAL
RESOLUTION NO. 4594
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING SCHEDULE G-1 (GAS RATES) OF THE CITY OF
PALO ALTO UTILITIES RATES AND CHARGES
WHEREAS, recently the California Public Utilities Commission
has heard and granted several wholesale gas rate inc~eases to
Pacific Gas & Electric Company, as "offsets" and "tracking,"
and
WHEREAS, said offsets include fluctuations in the cost of
gas to Pacific Gas & Electric Company from certain producing
companies, tax law changes, exchange rate changes and similar
items affecting the cost of gas to Pacific Gas & Electric
Canpany , and
WHEREAS, in addition to offsets, other increases, commonly
known as ''tracking," are authorized to be effective in the future,
when and if the Federal Power Commission grants requested rate
increases to gas producers, and
WHEREAS, Pacific Gas & Electric Company has received
authority to raise wholesale gas rates for offsets and tracking
on extremely short notice, and
WHEREAS, further applications are pending, or expected to
be filed, and
WHEREAS, it is des~rable for the City of Palo Alto ·to· adjust
its gas rates promptly upon commencement of -~, increase from
Pacific Gas & Electric Company in order to avoid loss of revenue;
NOW, THEREFORE, the Council of the City of Palo Alto RESOLVES
as follows:
SECTION l. until December 31, 1973, the City Manager is
hereby authorized to adjust the gas rates of the City of Palo Alto
contained on Schedule G-l of the City of Palo Alto Utilities
Rates and Charges, to substantially conform but not to exceed,
those rates contained on Pacific Gas & Electr!~_r.ompany Gene:r3.l
Service Rate G-2, applicable to the East Bay, Peninsula-San Jose
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and Sacramento qeo9raphical areas. The effective date of said
adjustments to Schedule G-1 shall be the same date on which the
wholesale rate increases from Pacific Gas & Electric Company
become effective for the City.
SECTION 2. Said rate adjustments may be made by the City
Manager to conform with offset and tracking increases granted,
previously granted, or which may be granted and placed into
effect during said period and shall be limited to a maximum of
ten percent (10%) over the existing rates currently contained
in Schedule G~l of the Palo Alto Utilities Rates and Charges.
This resolution shall not affect any increase granted to Pacific
Gas & Electric Company in its rate of return or in rates and
charges to produce its existing authorized rate of return, other
than as "offset" or "tracking" increases. The City Manaqer shall
report any change in qas rates authorized by this resolution to
the·City Council as soon aa practicable.
INTRODUCED AND PASSED: May 15, 1972
AYES: MAJORITY
NOES: PEARSON
ABSEN'l': BEAHRS, COMSTOCK
ATTEST:
Mayor
APPRO AS 'l'O FORM:
~~
APPROVE~Dc iFl-' . e ,
city M&Cjer
AP~rD= 0 ~~
APPROVED:
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