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City of Colton <br />AGENDA REPORT (continued) <br />For Council Meeting of December 3, 2002 <br />Subject: JON -LIN ELECTRIC SERVICE AGREEMENT <br />their consumption pattern. The Electric Utility has been in negotiations with Jon -Lin for over a <br />year. A compromise was reached to have the effective date of the contract service as May 15, <br />2002. The Department had made a commitment to have the rate in effect during their summer <br />usage. This will result in a refund to Jon -Lin for that period. This amount by itself is not <br />significant enough to affect the revenue requirement for the remaining customers in the industrial <br />class or other classes. In addition, the Electric Utility is experiencing other load growth that <br />makes up for the revenue loss of the contract without increasing expenditures. <br />The financial condition of the Electric Division is such that this agreement will not adversely <br />impact the operating stability of the Division. <br />ENVIRONMENTAL IMPACT <br />None <br />RECOMMENDATION <br />Staff recommends that the Colton City Council approve the Electric Service Agreement between <br />the City and Jon -Lin, Inc. <br />EREVIEWEAM ONLY <br />y: Finance Director:er: /�Q.THER: <br />