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Record No: Res 31678    Version: Council Bill No:
Type: Resolution (Res) Status: Adopted
Current Controlling Legislative Body City Clerk
Final Action: 7/29/2016
Ordinance No:
Title: A RESOLUTION relating to the City Light Department; adopting a 2017-2022 Strategic Plan for the City Light Department and endorsing a six-year rate path required to support the Strategic Plan.
Sponsors: Kshama Sawant
Attachments: 1. Att A Ex 1 - Financial Forecast Assumptions, 2. Att A Ex 2 - Strategic Initiatives Summary, 3. Att A Ex 3 - Metrics Report, 4. Att A Ex 4 - Customer Outreach Summary, 5. Att A Ex 4a - Utility of the Future Agenda, 6. Att A Ex 4b - Strategic Plan Customer Survey, 7. Att A Ex 4c - Strategic Plan Employee Survey, 8. Att A Ex 5 - Review Panel Letter, 9. Att B - City Light Response to SLI 4-1-A-2, 10. Signed Resolution 31678
Supporting documents: 1. Att A - 2017-2022 Strategic Plan, 2. Juarez Amendment (added; 7/25/16), 3. Herbold Amendment 2 (added; 7/25/16), 4. Herbold Amendment 1, 5. Amendment to RES 31678 (added; 7/15/16), 6. Summary and Fiscal Note, 7. Central Staff Memo (6/22/16)
CITY OF SEATTLE
RESOLUTION __________________
title
A RESOLUTION relating to the City Light Department; adopting a 2017-2022 Strategic Plan for the City Light Department and endorsing a six-year rate path required to support the Strategic Plan.
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WHEREAS, the City Light Department ("City Light") is the tenth largest public utility in the nation, serving more than 400,000 customer accounts, and providing safe, affordable, and reliable electricity to its customers; and
WHEREAS, Resolution 31383 of July 2012 adopted City Light's 2013-2018 Strategic Plan and endorsed a six-year rate path that supported that plan; and
WHEREAS, Resolution 31383 also specified that City Light would review and update the Strategic Plan every two years, adding two years to and re-evaluating the remaining four years of the existing Strategic Plan; and
WHEREAS, Resolution 31529 of June 2014 adopted City Light's 2015-2020 Strategic Plan Update and endorsed a six-year rate path that supported that plan; and
WHEREAS, City Light has reviewed and updated the Strategic Plan by: (a) reviewing changes in its operating environment for the 2017-2020 period and making adjustments to remain within the previously approved rate path; and (b) adding a forecast of revenues, expenditures, and investments for two additional years, 2021 and 2022; and
WHEREAS, City Light continues to face challenges which include: (a) slowing load growth leaving less revenue to cover rising infrastructure costs; (b) technological changes and threats to cybersecurity; (c) an aging workforce stressing the importance of training, succession planning, and workforce development programs; (d) the emergence of electric vehicles, solar power, and other technological advances that promise to change the electric industry landscape; and (e) finding and achieving new operational efficiencies; and
WHEREAS, City Light seeks to provide rate predictability and stability in future rates, and to avoid the pattern of volatile rate adjustmen...

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