Title
Resolution - Approval of 2023 Rate Plan - N Mack/D Thompson
Other Info
Submitted By: David Thompson
Department: Markets
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
Pursuant to the Cooperative’s Rate Policy, the Rate Plan will be presented to the Board annually and will be consistent and in alignment with the annual budget cycle. The Rates Committee presents the 2023 Rate Plan (“Plan”) for Board consideration and approval. The Plan presents a roadmap to meet the Cooperative’s rate objectives in alignment with the Cooperative’s mission to provide safe, reliable, and low-cost energy for our members. All recommendations from the 2023 Rate Plan that affect the Cooperative’s Tariff and Business Rules will be brought before the Board of Directors as amendments to the Tariff and Business Rules for consideration.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF PEDERNALES ELECTRIC COOPERATIVE, INC. that the Cooperative approves the 2023 Rate Plan that was presented to and discussed by the Board this day, with such changes thereto, if any, as were discussed and approved by the Board; and
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Chief Executive Officer, or designee, is hereby authorized to take such other actions necessary to implement this resolution.