Loading...
HomeMy WebLinkAboutMin 04-03-96(1) CITY OF UKIAH CITY COUNCIL MINUTES Regular Adjourned Meeting COUNCIL WORKSHOP REGARDING ELECTRIC UTILITY April 3, 1996 5:30 p.m. The City Council convened at 5:31 p.m., in a regular meeting, of which the agenda was legally noticed and posted, in the Ukiah Civic Center Council Chambers, 300 Seminary Drive, Ukiah, California. Roll was taken and the following Councilmembers were present: Mastin, Malone, Wattenburger, and Mayor Schneiter. Councilmember Shoemaker was absent at roll call. Councilmember Shoemaker then joined the meeting at 5:34 p.m. Staff present: City Clerk McKay, City Manager Horsley, Public Utility Director Barnes, Electric Supervisor Bartolomei, Electrical Distribution Engineer Wobig, Electrical Technician Yoast, Water/Sewer Operations Superintendent Borecky, Engineering Technician Kaye, Finance Director Elton, Assistant to the City Manager Harris, and Assoc. Civil Engineer Woods. AUDIENCE COMMENTS ON NON-AGENDA ITEMS - No one came forward. NEW BUSINESS 3a. Council Workshop Regarding Electric Utility Industry Restructuring and Its Relationship to the City of Ukiah Electric Utility The Public Utility Director Barnes presented overhead slides and information to Council regarding electric retail wheeling, direct access and the recent deregulation of the electric industry. He addressed issues surrounding restructuring, transition charges, the process of deregulation, and the challenges in the coming competitive market. He reported on how stranded costs will affect us and outlined the total debt and noted areas that are risk. Council queried staff regarding electric markets, stranded costs of investments recovery by 2005, independent power companies, transition charges of the CTC, declining future revenues, the City's electric utility total debt of $79,309,740, and potential consequences if defaults occur. The Public Utility Director continued with his presentation regarding debt, revenue projections, power sales prices, generation and transmission costs, upgrades, system O & M, distribution overhead costs, interdepartmental charges, total costs, systems costs, potential aggregating of retail stores within Ukiah, and possible competitive strategies. Peter Caden, PG&E District Representative, stated PG&E has been preparing for this deregulation, the past 5 years. He explained it started in 1990's with the California recessions and energy costs were high. He spoke to issues such as the Federal regulation process is too long, gas competition is needing fast decisions, and that this deregulation presents a wide open field, and everyone is going through this process. He agreed with the Public Utility Director that there is a need to be customer focused. Mayor Schneiter questioned Mr. Caden regarding large companies. Mr. Caden explained that the utilities and independent power producers are ready to sign up large users, and the political process is still in the formation stage as there are pending bills in the legislature, and agreed that service areas are threatened. Council expressed their appreciation to the Public Utility Director for his informative presentation and noted we should keep abreast of this issue. There being no further business, the meeting was adjourned at 6:31 p.m. Cathy MoK~y'~MO/A~, City Clerk / / 391 Reg. Adj. Mtg. April 3, 1996 Page 1