CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the rates, terms, and conditions for the use and sale of electricity supplied by the City Light Department for 2017 and 2018; amending Seattle Municipal Code (SMC) Sections 21.49.030, 21.49.040, 21.49.052, 21.49.055, 21.49.057, 21.49.058, 21.49.060, 21.49.065, 21.49.081, 21.49.082, 21.49.085, and 21.49.110, and repealing SMC Section 21.49.080, in connection therewith.
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WHEREAS, Resolution 31187, adopted by the City Council on March 22, 2010, established financial policies including the rate setting guideline of setting electric rates at levels sufficient to achieve a debt service coverage ratio of 1.8; and
WHEREAS, Resolution 31351, adopted by the City Council on May 7, 2012, established general policies and objectives for setting electric rates; and
WHEREAS, Resolution 31678, adopted by the City Council on July 25, 2016, adopted Seattle City Light's 2017-2022 Strategic Plan and calls for City Light to develop rates for 2017 and 2018 to support the investments set forth in that plan; and
WHEREAS, the City Council has reviewed the rates, terms, and conditions set forth within this ordinance, has determined they are consistent with the financial policies supported by the Council, and believes they support the provision of efficient electric service at low cost; NOW THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Section 21.49.030 of the Seattle Municipal Code, last amended by Ordinance 124978, is amended as follows:
21.49.030 Residential rates (Schedules RSC, RST, RSS, RSH, RSB, RSE, and RSL)
A. Schedules RSC, RST, RSS, RSH, RSB, RSE, and RSL are for all separately metered residential services ((, except those subject to Schedules REC, RET, RES, REH, REB, REE, REL, RLC, RLT, RLS, RLH, RLB, RLE, and RLL)). For all residential rate schedules, summer billing is defined as April 1 through September 30, and winter billi...
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