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HomeMy WebLinkAboutA001 - Council Action Form dated May 10, 1994 Item # �� Date: May 10, 1994 COUNCIL ACTION FORM SUBJECT: Electric Utility Ordinance to add Load Management Credit to Residential Elctric Rate BACKGROUND: The 1994/1995 Budget includes $37,500 to be used for incentives to encourage participation in the Residential Load Management Program. This action is being implemented as outlined in discussions during the 1994 Performance Budget Review Hearings. The Load Management Program is being implemented to reduce the peak demand for electricity caused by residential air conditioners. The proposed ordinance would amend the current Residential Electric Rate to allow payment of a $20 per year credit to customers who allow the utility to install and maintain a load management device on their central air conditioner. ALTERNATIVES: 1. Approve the ordinance allowing a $20 per year Load Management Credit. 2. Reject the proposed ordinance and direct staff to develop alternatives. MANAGER'S RECOMMENDED ACTION: The City Manager recommends that the Council adopt Alternative No. 1. Approve the ordinance allowing a $20 per year Load Management Credit. COUNCIL ACTION: