HomeMy WebLinkAboutOrdinances (O-98-1090)-03/03/1998
ORDINANCE 0-98-1090
AN ORDINANCE APPROVING RETAIL BASE RATE REDUCTIONS FOR TEXAS
UTILITIES ELECTRIC COMPANY, PROVIDING AN EFFECTIVE DATE, APPROVING A
MOST FAVORED NATION PROVISION, FINDING AND DETERMINING THAT THE
MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS
REQUIRED BY LAW.
WHEREAS, on December 22, 1997, Texas Utilities Electric Company (TUEC) filed with
the City of Colleyville a Petition and Statement of Intent to implement base
rate reductions for its retail electric service customers with Colleyville, which
base rate reductions are components of a settlement reached among
various parties set forth in the Stipulation and Joint Application for Approval
Thereof ("Stipulation") filed with Public Utility Commission of Texas ("PUC")
on December 17, 1997; and
WHEREAS, electric utility rates are an important economic issue to the citizen-
customers of Colleyville, and as such deserve a high level of scrutiny; and
WHEREAS, TUEC's rates should accurately reflect any and all changes that have
occurred since base rates were last reviewed in PUC Docket No. 11735;
and
WHEREAS, the Stipulation calls for the shifting of $335 million in Transmission and
Distribution depreciation to Nuclear Production Plant, which warrants
regulatory scrutiny to ensure that such is equitable, not anti-competitive,
and is consistent with sound regulatory and public policy; and
WHEREAS, it is anticipated that the Texas Legislature wi!1 consider depreciation shifting
as a part of legislation to restructure the electric industry in 1999; and
WHEREAS, the City of Colleyville encourages the Texas Legislature to carefully
consider whether depreciation shifting is consistent with sound regulatory
and public policy including depreciation shifting in any legislation
restructuring the electric utility industry; and
WHEREAS, Cities should encourage the PUG to review the Stipulation J PUG Docket No.
18490 to advocate any and all appropriate relief and to oppose any
provisions that are found to be contrary to sound regulatory and public
policy; and
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
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That the PUG is hereby encouraged to thoroughly review the equity of
Sec. 2:
Sec. 3:
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depreciation shifting from transmission and distribution assets to nuclear
production assets as called for in the Stipulation, to determ ine whether the
shifting of depreciation is consistent with sound regulatory and public policy.
The retail base rate reduction tariffs filed by TUEC (Rider RRD- Residential
Rate Reduction, Rider GSRD- General Service Secondary Rate Reduction,
and Rider RD - Rate Reduction) are approved effective January 1, 1998.
The referenced schedules shall remain in effect until such time as they may
be changed, modified, or amended by the approval of the City Council. The
filing of the rate schedules shall constitute notice to the consumers of
electricity, within this municipality, and of the availability and application of
such rate schedules.
Nothing contained in this Ordinance shall be construed now or hereafter as
limiting or modifying in any manner the right and power of the Governing
Body of this municipality under the law to regulate the rates, operations,
and services of TUEC.
Notwithstanding any other provision of this Ordinance, the rates authorized
for electric service in the City of Colleyville shall not exceed the lowest rates
available to residents of any other municipality served by TUEC finally
resulting from TUEC's filing of the Stipulation and any appeals from city
ordinances connected therewith.
This Ordinance shall be in full force and effect from and after its passage.
It is hereby officially found and determ ined that the meeting at which this
Ordinance is passed is open to the public as required by law and that public
notice of the time, place, and purpose of said meeting was given as
required.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the ~ day of
~ 1998.
]i\"~nd :eading and public hearing being conducted on the ?,r9 day of
1998.
ATTEST:
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CITY OF COLLEYVI LLE
CJ24~
Richard Newton
Mayor
Je Harris, CMC
City Secretary
:f7ED
Ross T. F ster
City Attorney
TO FORM AND LEGALITY: