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HomeMy WebLinkAbout2002-04-16; Municipal Water District; 526; Update Of MWD New Rate StructureU $4 0 a B $4 B 5 a U B a al U U a m $4 m 0 m m 0 z F 0 U n m .. 2 0 mi? 526 D: AN UPDATE OF THE METROPOLITAN WATER MTG. 4116102 DEPT. CMWD CITY DEPT' ATTY. HD. B- DISTRICT'S NEW RATE STRUCTURE CITY MGR. I I RECOMMENDED ACTION: This is an informational item and there is no recommended action at this time. ITEM EXPLANATION: The Metropolitan Water District of Southern California (MWD) recently adopted new wholesale rates and charges for imported water deliveries in the 2002-03 fiscal year. Metropolitan started a strategic planning process in 1998 that resulted in an action plan that coincides with newly enacted legislation that stresses the need to plan ahead for water and growth. The new rate plan is intended to provide the knowledge of how MWD intends to pay for future water supplies and conservation. The MWD Board established prices for all components of a tiered rate structure that unbundled existing rates by breaking them down into separate water supply and commodity charges that reflect MWD costs to treat, deliver and develop water supplies. Staff will be making a presentation on some of the details of this new rate structure. FISCAL IMPACT: This is an informational item and there is no fiscal impact at this time.