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Res 04-065 RESOLUTION NO. 04-065 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA IN SUPPORT OF SAN DIEGO GAS & ELECTIC COMPANY'S FAIR SHARE PROPOSAL PENDING A HEARING BEFORE THE CALIFORNIA PUBLIC UTILITIES COMMISSION WHEREAS, of California's three largest -1 utilities are responsible for paying for the long-term contracts that the California State Department of Water Resources (DWR) entered into on behalf of all C at the height of the energy crisis of 2000-2001; and WHEREAS, the California Public Utilities C (CPUC) has approved the current DWR Revenue Requirement for 2004 that equitably allocates th =1 the three utilities; and WHEREAS, Pacific Gas & Electric (PG&E), Southern California Edison (SCE), and The Utility Reform Network (TURN), have proposed a settlement agreement methodology that will shift an additional $1 billion in electricity costs to San Diego Gas & Electric (SDG&E) the remainder of the terms of the DWR contracts; and WHEREAS, this payment methodology will adversely impact San Diego and industrial electrical by increasing the commodity rate portion of the electricity bills by 15%; and WHEREAS, this proposal will have negative implications for the regional San Diego economy and slow down the growth of the South Poway Business Park; and WHEREAS, SDG&E has submitted a Fair Share proposal to the CPUC to allocate the costs based on the amount of electricity used in each utility's service territory that is similar to the DWR Revenue Requirement for 2004 that was previously approved. NOW, THEREFORE, the City Council does hereby resolve that the City of Poway strongly supports SDG&E's Fair Share proposal and urges the CPUC to ensure a fair and equitable solution by rejecting the settlement agreement presented by PG&E, SCE, and TURN and by providing for a full evidentiary review of SDG&E's Fair Share proposal. Resolution No. 04-065 Page 2 PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway, State of California, this 3~ day of August 2004. ATTEST: ~or unch, Interim City Clerk STATE OF CALIFORNIA ) )SS. COUNTY OF SAN DIEGO ) I, Jeanne Bunch, Interim City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 04-065 was duly adopted by the City Council at a meeting of said City Council held on the 3rd day of August, 2004, and that it was so adopted by the following vote: AYES: EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: NONE Bunch, Interim City Clerk oway