HomeMy WebLinkAboutRESO 4470RESOLUTION NO. 4470
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO
~MENDING 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 increases to
Pacific Gas & Electric Company, as "offsets" and "tracking", and
WHEREAS, said offsets include fluctuations in the cost of
qas to Pacific Gas & Electric Company from certain producing com-
panies, tax law ch?nges, exchange rate changes and sim.ilar items
affecting the cost of gas to Pacific Gas & Electric Company, 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,·Pacifi~ Gas & Electric Company has received authority
to raise wholesale gas rates for of £sets and· tracking on extremely
short notice, and
WHEREAS,· it is desirable for the City of Palo Alto to adjust
its gas rates promptly upon.commencement of an increase from
Pacific Gas f 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 June 30, 1972, the City Manager is hereby
authorized to adjust the qas rates of the City of Palo Alto con-
tained on Schedule G-1 of the City of Palo Alto Utilities Rates
and Charges, to substantially conform but not to exceed, tho~e
rates contained on Pacific Gas & Electric Company General Service
Rate G-2, applicable to the East Bay, ·Peninsula-San Jose and
Sacramento geographical areas. The effective date of said ad-
justments to Schedule G-l shall be the same date on which the
wholesale rate increases from Pacific Gas & Electric Company
become effective for the City.
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SECTION 2~ Said rate adjustments may be made by the City .
Manager to conform with offset and trackin9 increases granted,
previously granted, or which may be qranted and placed into effect
during said period and shall be limited to a maximum of ten.percent
(lOt) over the exi•ting rates currently contained in Schedule G-1
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 ret\lX'n or in rates and charges to produce.
its existing authorized rate of return, other than as "offset" or
"tracking" increases. The City Manager shall report any change
in gas rates authorized by this resolution to the City Council as
~oon as practicable.
INTRODUCED ANO PASSED: June 28, 1971
AYES: Arnold, Beahrs. Berwald, Comstock, Dias, Gallagher, Norton,
Spaeth, Wheatley
NOES: Pearson
ABSENT: . Clark
ATTEST: ·\ APPROVED:
citY:erk(f · ': . · Mayor
APt>ROVED AS TO FORMt -~ -,
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City -Minai2 ~
APPROVED:
APPROVED:
cit:Yner
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