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Council adopts ordinance changing electric-rate calculation to include monthly power-cost factor
Summary
The council adopted Ordinance No. A-855 amending Article II of Chapter 40 (Electric Service) to add a monthly fluctuating power cost recovery factor applied with annual base rates by customer class, effective as presented.
The Livingston City Council approved Ordinance No. A-855 on Sept. 9, amending Article II of Chapter 40 (Electrical Service) to establish a calculation of electric rates that combines an annual base rate by customer classification with a monthly fluctuating power cost recovery factor.
City Manager Billy S. Wiggins presented the ordinance. Alderman Elgin Davis moved approval and Alderman Alan Cook seconded; the council voted to adopt the measure as presented (all present voted aye). The ordinance is captioned in the minutes as: "ORDINANCE NO. A-855 AN ORDINANCE... AMENDING ARTICLE II OF CHAPTER 40 (ELECTRICAL SERVICE) ... ESTABLISHING A CALCULATION OF ELECTRIC RATES BASED ON A MONTHLY FLUXUATING [sic] POWER COST RECOVERY FACTOR RATE..."
The ordinance changes the structure used to calculate customer charges by adding a monthly component tied to power costs in addition to the existing annual base rates. The transcript does not specify implementation dates, rate amounts, or affected customer classes; council approved the ordinance as presented.
