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HomeMy WebLinkAboutOrdinances (O-78-290)-06/20/1978 CITY OF COLLEYVILLE VOLUME~AGE If I fJ-j!;i7t .I:PJp''''' ~. ORDINANCE NO. 0-78-290 AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY TEXAS POWER AND LIGHT COMPANY IN THE CITY OF COLLEYVILLE, TEXAS, PROVIDING 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FOR SUCH RATE SCHEDULES, AND PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN.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 December 21, 1977, 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 $118 million per annum on a systemwide basis, an increase of approximately 18.4%; and WHEREAS, the City, having suspended the effective date of such proposed rate increase from January 25, 1978, and having considered the same at a public hearing, is of the opinion and finds that an increase in rates should be approved. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: SECTION 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 $35,017,000 per annum, based on the adjusted test year ending September 30, 1977, which constitutes an increase of approximately 5.4%. 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 service and to collect charges from its customers for the sale of electric power and energy within the corporate limits of the City until such time as said Rate Schedules may be changed, modified, amended or withdrawn, with the approval of the City Council. SECTION 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 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 passage of this Ordinance and shall apply to all power and energy used by each customer after the final passage of this Ordinance. SECTION 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. SECTION 4: 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. PASSES AND APPROVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS, THIS the 19th DAY OF JUNE, 1978, by the following vote: Ordinance 0-78-290 Page 2 VOLUME ~PAGE Jf~ JUDY L. WELCH YES C.L. VANOVER ABSENT LEONARD LEAR YES HOWARD COLLINS YES DALE R. HODGSON YES The 1st Pu b I ic Hear i ng and Reading being conducted on May 16, 1978, The 2nd Publ ic Hear i ng and Reading being conducted on June 6, 1978, The 3rd Publ i c Hearing and Reading being conducted on June 20, 1978. APPROVED: ATTEST: lac;Jj~ca%b~ APPROVED AS TO FORM AND LEGALITY~ Gi 11 i land, Cates and Flagg By: lvj