Title
AN ORDINANCE AMENDING SECTIONS 1048.02 AND 1048.04 OF THE STREETS, UTILITIES AND PUBLIC SERVICES CODE TO ADOPT AN ADJUSTED ELECTRIC RATE STRUCTURE AND SCHEDULE OF CHARGES.
Executive Summary: The City's Public Works Department has completed an electric rate and cost of service study with consultants Courtney & Associates. The consulting firm has developed an electric rate adjustment proposal for City Council consideration.
Body
Legislative History
None
Purpose & Explanation
The Public Works Department has completed the Hudson Public Power electric rate and cost of service study. In 2014 Council was presented the results of the study. The study, which analyzed Hudson Public Power's cost of service including power supply, indicated that the current rate structure will not sustain the costs of service moving forward. Courtney & Associates have developed an electric rate and structure adjustment recommendation for City Council's consideration. Documents containing the rate adjustment information have been attached for review.
The last comprehensive electric rate adjustments taking into account cost of service and cost of power were passed by Hudson City Council on 4-3-96; Ord. 96-43. It should be noted that the newly proposed rate structure does not include recovering the current special ED rate arrangement.
Timing Considerations
None
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends City Council pass an ordinance adopting the proposed electric rate structure adjustments.
Submitted by,
Jane Howington, City Manager
Frank J. Comeriato, Jr.