HomeMy WebLinkAboutCity Council Resolutions (R-05-2528)-03/15/2005
RESOLUTION R-05-2528
A RESOLUTION ACCEPTING SETTLEMENT WITH TXU ELECTRIC DELIVERY
WHEREAS, the City of Colleyville, Texas, is a member of the Steering Committee of
Cities served by TXU (Steering Committee); and
WHEREAS, the Steering Committee did encourage certain member cities to initiate
show cause rate proceedings against TXU and the City of Colleyville
passed Resolution R-04-2441 supporting these efforts; and
WHEREAS, Electric Delivery and the Steering Committee engaged in settlement
discussions regarding abatement of any full-scale rate investigation and
interim relief that may be available to Cities; and
WHEREAS, it remains impractical, if not impossible, to deliver rate relief to the vast
majority of residential customers until the expiration of price to beat (PTB)
on January 1, 2007; and
WHEREAS, the unfair and adverse impacts of street lighting and water pumping tariffs
that Cities have experienced since the implementation of retail
deregulation on January 1, 2002, can be addressed on an interim basis
pending a final order in a future rate case through a financial distribution
from the Steering Committee of funds received from Electric Delivery as
part of a Settlement; and
WHEREAS, the coupling of interim relief with the Steering Committee's recognition that
resources should be devoted to the 2005 Legislative Session to promote
overall enhancements in electric retail competition for the benefit of all
end-users; and
WHEREAS, the Steering Committee and Electric Delivery have entered into a
Settlement Agreement pending approval by the 20 Cities that passed
show-cause resolutions and ratification by other member cities with
original jurisdiction; and
WHEREAS, Electric Delivery has agreed to improve communication, coordination and
timing of construction in rights of way, permit development of a tariff that
will allow city mandated underground placement of distribution facilities,
modify certain franchise renewal negotiation positions and improve meter
reading on certain city accounts that are estimated; and
WHEREAS, Electric Delivery has committed to the Steering Committee, during the
period of rate case abatement, to share information on certain company
operations and procedures that should enhance the Cities' ability to
appropriately exercise regulatory responsibilities in the rate proceeding
that Electric Delivery has agreed to file on or before July 1, 2006; and
Resolution R-05-2528 I
Page 2 of 2
WHEREAS, that Agreement calls for immediate and long-term benefits to flow to all
city members of the Steering Committee, which in turn, have indirect but
positive benefit to all city residents and public safety in general.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
The Settlement Agreement between the Cities' Steering Committee and
TXU Electric Delivery is hereby ratified.
AND IT IS SO RESOLVED.
PASSED BY A VO~ OF 5' AYES, 0 NAYS AND
ON THIS THE .15' "' DAY OF 7 c'f; 2005.
ATTEST:
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o ABSTENTIONS
Cynthia Singleton, TRMC
City Secretary