Title
Approving Energy Park Utility Company rates.
Body
WHEREAS, the City of Saint Paul granted the Port Authority of the City of Saint Paul, doing business as Energy Park Utility Company (hereinafter the Company), a franchise for providing hot and chilled water in the Energy Park Industrial District in 1982; and
WHEREAS, the Energy Park Utility Company franchise ordinance was recently amended (City Ordinance No. 10-59) to extend the term of the franchise; and
WHEREAS, on February 22, 2011, the Companys governing body via Resolution No. 4379, approved amended rates, rules and regulations, referred to and attached hereto as Schedule A; and
WHEREAS, the Company has now submitted to the City of Saint Paul for its approval by City Council resolution pursuant to Section 6(e) of the Energy Park Utility Company franchise Ordinance the amended rates set forth in Schedule A, and
WHEREAS, prior to City Council approval of the new rates a public hearing must be held.
NOW, THEREFORE, BE IT RESOLVED that the City Council approves the rates for the Energy Park Utility Company as set forth in Schedule A.
SCHEDULE A (AMENDED)
to
Energy Park Utility Company Franchise
granted to the
SAINT PAUL PORT AUTHORITY
by the
CITY OF SAINT PAUL
(Ordinance No. 10-59, adopted January 12, 2011)
COMPANY CHARGES: Pursuant to Section 16.A. of the Energy Park Utility Company Franchise, the following rates shall be effective beginning April 1, 2011 and shall remain in effect until superseded:
Fixed Customer Charge: Customer Charge $100.00 per month per Customer.
Demand Charge: Beginning on April 1, 2011, the Demand Charge portion of the Hot Water and Chilled Water rate schedules shall be as follows:
i) Budgeted Operating Expenses (4/1/11 to 12/31/11) $577,246
ii) All Debt Service Costs and Requirements 0
iii) Fixed Reimbursement (9 Months) 202,500
Subtotal $779,746
Multiplied By 1
iv) Budgeted demand revenues before 10% Reserve
for Repairs, Replacements, Modifications, and ...
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