City of Colorado Springs
Share to Facebook Share to Twitter Bookmark and Share
File #: 19-523    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 8/22/2019 In control: City Council
On agenda: 10/22/2019 Final action: 10/22/2019
Title: A resolution setting the Electric Cost Adjustment and Industrial Service - Large Power and Light Supply Credit effective November 1, 2019 Presenter: Scott Shewey, Acting Chief Planning and Finance Officer Aram Benyamin, Chief Executive Officer
Attachments: 1. 10-22-2019 City Council Agenda-ECA-ELG SC Rate Adj Filing Packet, 2. 10-22-2019 CC Mtg-ECA Resolution, 3. Signed Resolution 104-19.pdf

 

Title

A resolution setting the Electric Cost Adjustment and Industrial Service - Large Power and Light Supply Credit effective November 1, 2019

 

  Presenter: 

Scott Shewey, Acting Chief Planning and Finance Officer
Aram Benyamin, Chief Executive Officer

 

Body

  Summary:

Colorado Springs Utilities (Utilities) is proposing changes to the Electric Cost Adjustment (ECA)
and Industrial Service - Large Power and Light (ELG) Supply Credit rates effective November 1, 2019.  The proposed ECA rate adjustment changes the current effective rate of $0.0193 per kWh to a proposed rate of $0.0195 per kWh.  The proposed ELG Supply Credit adjustment changes the current effective credit rate of $(0.0030) per kWh to a proposed rate of $(0.0026) per kWh.

 

  Background: 

Utilities performs continuous monitoring of ECA with monthly updates provided to the Utilities Board. In July 2019, Utilities Board directed a phased-in reduction to the ELG Supply Credit.

  Previous Council Action:

On July 23, 2019, City Council approved the ECA and ELG Supply Credit rates effective August 1, 2019 by Resolution 68-19.

 

  Financial Implications:

Implementing the proposed rates will impact the respective customer’s electric bill as follows:
     Sample Total Monthly Electric bill:
         
                     Residential electric bill increase of $0.14 or 0.2%
                     Commercial electric bill increase of $1.20 or 0.2%
                     Industrial electric bill increase of $80.00 or 0.3%

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Move adoption of the proposed resolution.

 

Summary of Ordinance Language

N/A