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The City of Seattle
Resolution
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A resolution relating to the City Light Department; adopting a 2027-2032 Strategic Plan for the City Light Department and endorsing the associated rate path.
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Recitals:
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.
Per Ordinance 123256, the City Light Review Panel (Review Panel) is charged with representing City Light ratepayers and with reviewing and assessing City Light's strategic plans.
Resolution 31383, adopted July 2012, approved City Light's 2013-2018 Strategic Plan and six-year rate path, and directed the utility to review and update the Strategic Plan every two years, adding two years to the Strategic Plan and re-evaluating the remaining four years of the existing Strategic Plan.
Since 2013 the Review Panel has reviewed City Light's progress in carrying out the Strategic Plan and has also reviewed the Utility's proposed 2027-2032 Strategic Plan.
City Light continues the two-year update planning cycle and is delivering the 2027-2032 Strategic Plan (Attachment 1 to this resolution).
City Light's rates and revenue requirement are governed by financial policies adopted in Resolution 31187.
The Strategic Plan is foundational to the development of City Light's budget and establishing a rate path that protects long-term affordability by prioritizing the most critical work.
City Light conducted extensive outreach regarding the Strategic Plan, with customer and stakeholder group meetings, customer surveys, and employee engagement groups.
The US electric sector is experiencing significant load uncertainty influenced by economic conditions, technological advancements and policy decisions.
This uncertainty also arises from the variability in timing, type and rate of load growth and power demand expected ...
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