HomeMy WebLinkAboutOrdinances (O-80-372)-06/05/1980
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ORDINANCE NO. 0-80-372 I
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AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY TEXAS l'
POWER & LIGHT COMPANY IN THE CITY OF COLLEYVILLE, TEXAS, PROVIDIN
FOR AN EFFECTIVE DATE FOR SUCH RATE SCHEDULES, AND PROVIDING
CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, .
MODIFIED, AMENDED OR WITHDRAWN.
WHEREAS, on January 4, 1980, Texas Power & Light Company filed
with the City of Colleyville a request for an increase
in rates to be charged within the City in the amount of
approximately $124 million per annum on a systemwide
basis, an increase of approximately 15.35%; and,
WHEREAS, the City, having suspended the effective date of such
proposed rate increase from February 8, 1980, and having
considered the same at a public hearing, is of the
opinion and finds that an increase in rates should be
approved; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
12 TEXAS:
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Sec. 1.
THAT an increase in the rates, tariffs and charges of
Texas Power & Light Company for electric power and
energy sold within the City be approved in an amount
such that the adjusted total systemwide operating
revenues for the Company be increased $81,876,07.8.00
per annum, based on the adjusted test year ending
September 30, 1979, which constitutes an increase of
approximately !D,.OS%. Such Schedule of Rates, as are
approved in accordance herewith, are those under which
said Company shall be authorized to render electric
service and to collect charges from its customers for
the sale of electric power and energy within the corpor-
ate limits of the City until such time as said Rate
Schedules may be changed, modified, amended or with-
drawn, with the approval of the City Council.
Sec. 2.
THAT Texas Power & Light Company shall, within 10 days
from the final passage of this Ordinance, file with the
City a revised Schedule of Rates and Tariffs consistent
with state and federal law setting forth those rates,
tariffs and charges based upon an increase in total
operating revenues as prescribed herein. Such Schedule
of Rates and Tariffs may be modified or amended by the
City Council of the City of Colleyville within 20 days
from the final passage of this Ordinance, otherwise,
same shall be considered approved as filed. Such
Schedule of Rates and Tariffs, as same may be modified
or amended, shall be effective from and after final
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Ordinance 0-80-372
Page 2
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passage of this Ordinance and shall apply to all power
and energy used by each customer after the final passage
of this Ordinance.
Sec. 3. THAT the action of the City Council of the City of
Colleyville enacting this Ordinance constitutes, on
the date of its final passage, a final determination
of rates for Texas Power & Light Company within the
City of Colleyville in accordance with Section 43(e)
of the Public Utility Regulatory Act.
Se c. 4.
THAT nothing in this Ordinance contained shall be
construed now or hereafter as limiting or modifying,
in any manner, the right and power of the City under
the law to regulate the rates and charges of Texas
Power & Light Company.
The
day
The
day
The
day
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first reading and public hearing being conducted on the 6th 'I
of May , 1980.
second reading and public hearing being conducted on the 20th I
of Ma y , 19 80 . I
third reading and public hearing being conducted on the 5Th I
of June , 1980. !
!
Passed, approved, and adopted by the City Council of the City
of Colleyville, Texas, this the 5th day of June
1980, by the following vote of 4 to 1
CITY OF COLLEYVILLE
By:
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~-Hubbar , Mayor
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