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Record No: Res 31819    Version: Council Bill No:
Type: Resolution (Res) Status: Adopted
Current Controlling Legislative Body City Clerk
On agenda: 7/9/2018
Ordinance No:
Title: A RESOLUTION relating to the City Light Department; adopting a 2019-2024 Strategic Plan for the City Light Department and endorsing a six-year rate path required to support the Strategic Plan.
Sponsors: Teresa Mosqueda
Attachments: 1. Att B - Appendix 1- 2019-2024 Strategic Plan Financial Forecast, 2. Att C - Appendix 2 - Summary of Customer and Stakeholder Outreach, 3. Att D - Appendix 3 - Review Panel Recommendations on 2019-2024 City Light Strategic Plan, 4. Att E – June 26, 2018, Review Panel letter, 5. Att F – July 24, 2017, Coalition Letter
Supporting documents: 1. Att A - Seattle City Light 2019-2024 Strategic Plan, 2. Summary and Fiscal Note, 3. Proposed Substitute (added 6/28/18), 4. SCL AMI Project Budget Transfer Request (added 6/28/18), 5. Proposed Substitute (added; 7/10/18), 6. Proposed Amendment (added; 7/10/18), 7. Signed Resolution 31819, 8. Affidavit of Publication
CITY OF SEATTLE
RESOLUTION __________________
title
A RESOLUTION relating to the City Light Department; adopting a 2019-2024 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, in consultation with the Mayor and the City Council, the City Light Department (City Light) initiated the strategic planning process in 2010 to provide more transparency and accountability for decision-making within City Light; and
WHEREAS, Resolution 31383, adopted 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, adopted June 2014, adopted City Light's 2015-2020 Strategic Plan Update and endorsed a six-year rate path that supported that plan, recognizing significant deviation of anticipated revenue through rates from the 2012 Plan; and
WHEREAS, Resolution 31678, adopted July 2016, adopted City Light's 2017-2022 Strategic Plan Update and endorsed a six-year rate path that supported that plan, recognizing even more significant deviation of anticipated revenue through rates from the 2012 Plan; and
WHEREAS, Resolution 31678 requested that City Light prepare options for mitigating and preparing for the financial impacts of flat or declining retail load including changes to the utility's approach to load forecasting as discussed in City Light's response to Council's 2015 Statement of Legislative Intent 4-1-A-2; and
WHEREAS, The financial policies and forecast methods behind the rate path established by the 2019-2024 Strategic Plan, should be periodically reviewed consistent with best practices and prudent financial management; and
WHEREAS, Resolution 31678 signaled the Council's interest in working wit...

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