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Res 198RESOLUTION NO. 198 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY STRONGLY OPPOSING THE $166 MILLION RATE INCREASE GRANTED TO THE SAN DIEGO GAS AND ELECTRIC COMPANY BY THE PUBLIC UTILITIES COMMISSION THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DOES RESOLVE AS FOLLOWS: WHEREAS the San Diego Gas and Electric Company rate charges are among the highest in the nation; and WHEREAS the San Diego Gas and Electric Company continues to charge higher and higher rates in order to increase profits to stockholders; and WHEREAS the San Diego Gas and Electric Company has for a number of years failed to demonstrate to the public an ability to properly manage its financial affairs; and WHEREAS the consumer, including the City of Poway, in spite of sincere and successful attempts at energy conservation, has been forced to subsidize profits and mismanagement; and WHEREAS the San Diego Gas and Electric Company has failed to show any responsiveness to the plight of the consumer and rate payer; and WHEREAS the Public Utilities Commission has just granted San Diego Gas and Electric Company a $166 million rate increase in spite of 1981 profit increases. NOW THEREFORE BE IT RESOLVED THAT the City Council of the City of Poway strongly opposes this rewarding of such blatant mismanagement and calls im- mediately for hearings by the appropriate agencies to accomplish the following: 1. An immediate roll-back of the $166 million rate increase granted to San Diego Gas and Electric Company. 2. An investigation conducted into the rate-making structure and procedures for quasi-public utilities. 3. The stockholders commit themselves to the assumption of their share of any financial reversals caused by the aforementioned mismanagement. 4. In the event that there is no action on the part of the San Diego Gas and Electric Company to relieve the plight of the consumer, the City Council of the City of Poway, on behalf of its citizens, requests that the Public Utilities Commission immediately investigate management alternatives for the operation of the utility. -2- 5. Should the Public Utilities Commission be unable to address this situation, that the legislature of the State of California form an independent commission which would investigate the policies and procedures of the Public Utilities Commission regarding rate setting and management alternatives for San Diego Gas and Electric Company. PASSED and ADOPTED this __ day of J~j /9~ · o e~t C'.-Eme~y, ~ ATTEST: a ~rie K-. Wahlsten, City