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HomeMy WebLinkAbout21-05 RESOLUTION NO. 21-05 A RESOLUTION of the City Council of the City of Port Angeles, Washington, calling for the Bonneville Power Administration to set a target rate for wholesale power of $27/MWh. WHEREAS, the Bonneville Power Administration and its ability to historically deliver low cost power to the Northwest has been a cornerstone of economic success; and WHEREAS, the Bonneville Power Administration, which provides nearly half the electricity used in the Northwest, is contemplating a power rate structure that increases its wholesale power rates above the current high rates for the upcoming 2007-2009 rate period; and WHEREAS, regional economic stability in the Northwest depends upon reliable and affordable power; and WHEREAS, a power rate structure that increases rates above current record prices will have serious and negative implications on the economy, jobs and competitiveness in our region; and WHEREAS, prior to the 2001 West Coast energy crisis, BPA's average wholesale rates were less than $23 per megawatt hour; and WHEREAS, today's current wholesale average rate of $31 per megawatt hour far exceeds historical averages for power rates in the Northwest and represents an increase of almost 50 percent in less than five years; and WHEREAS, with the effects of the West Coast energy crisis behind us, customers expect BPA to lower rates substantially from their current high levels; and WHEREAS, the proposed rate structure represents a continuation of record high rates and places the region on a path to permanently higher rates for the foreseeable furore; and WHEREAS, the Joint Customers group, who represent aH facets of BPA's public and private customers, unanimously agree that regional economic stability depends on reduced power rates; and WHEREAS, the Joint Customers have requested BPA to set and meet a $27 per megawatt hour rate target for the next wholesale power rate period; and WHEREAS, a $27 per megawatt hour rate would represent an approximate 10 percent reduction from the record rates of today; NOW, THEREFORE, BE IT RES OLVED by the City Council of the City of Port Angeles that the City requests the Bonneville Power Administration to establish a rate target of $27 per average megawatt hour for wholesale power rates for the 2007-2009 rate period. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council held on the lsat day of November, 2005. k{(~ Rtchard A. Headnck, Mayor ATTEST: APPpVED AS~Tg?O~ Becky J. UptOn, C~'~ Clerk/- - William E. Bloor, City Attorney O:~Legal_Backup/Ol~DI N AN CES & KESO LU TI ONS\R2005 - 20 A ftbrdable Po~er-BPA Rates.102405 wpd -2-