Publication Date
4-1-1972
Document Type
Report
Subjects
City planning -- Oregon -- Portland, City planners -- Oregon -- Portland, City planning -- Ohio -- Cleveland, City planners -- Ohio -- Cleveland
Persistent Identifier
http://archives.pdx.edu/ds/psu/14789
Recommended Citation
Cleveland (Ohio). City Planning Commission, "Proposal to acquire Cleveland Electric Illuminating Company's facilities" (1972). Ernie Bonner Collection. 5.
http://archives.pdx.edu/ds/psu/14789
Notes
In order to supply electric power to all customers in the City of Cleveland at the lowest possible rates through a power system which is reliable and free from injurious outages, the comprehensive planning staff recommends to the City Planning Commission a proposal that the City of Cleveland acquire and operate a portion of CEI's generation, transmission and distribution facilities in conjunction with the Muny Light Plant. This proposed acquisition is both legally and financially feasible, can be accomplished with no burden on City taxpayers nor the general faith and credit of the City, and will assure a viable utility enterprise with an operating surplus in excess of $2 million annually. Most important, the operation of the proposed system will accomplish savings of over $8 million annually to City of Cleveland electric consumers (from present CEI rates) and save City Hall approximately $600,000 annually. The staff recommends this proposal as a major part of our capital improvements program for the coming six years. In order to supply electric power to all customers in the City of Cleveland at the lowest possible rates through a power system which is reliable and free from injurious outages, the comprehensive planning staff recommends to the City Planning Commission a proposal that the City of Cleveland acquire and operate a portion of CEI's generation, transmission and distribution facilities in conjunction with the Muny Light Plant. This proposed acquisition is both legally and financially feasible, can be accomplished with no burden on City taxpayers nor the general faith and credit of the City, and will assure a viable utility enterprise with an operating surplus in excess of $2 million annually. Most important, the operation of the proposed system will accomplish savings of over $8 million annually to City of Cleveland electric consumers (from present CEI rates) and save City Hall approximately $600,000 annually. The staff recommends this proposal as a major part of our capital improvements program for the coming six years.