Loading...
HomeMy WebLinkAboutOrdinance 0775 _Y' '7:___7' ¿--________ ORDI N.c..NCE NO. / ~ AN ORDI NANCE APPROVING RATE SCHEDULES TO BE CHÞ.RGED BY TExt,S ELECTRI C SERVJ CE Cm'~PANY IN THE CITY OF N. RIC.HL.ll~D HILLS, 1 EXAS, PROVI DING FOR AN EFFEcn VE DATE FOR SUCH RATE SCHEl)ÚLEs-:-ATr5-PRúvTDING CONDITIONS LHWER UHICH SUCH RATE SCHEDULES r~AY BE CHANGED, l·mDIFIED, Aj·:ENDED OR WITHDRÞ.~H'. ~HEREAS, on ~ay 17,1979, Texas Electric Service Company filed with the City of N.RICHLAt."ID HILIB__ a request for an increase in rates to be charged w-¡thin the--Cfty -lnth-ë--amount of approximately $87 million per annum on a s'yst[:;~-:-":ide basis, an incl'ease of approximately l6.n~; and WHEREAS, the City having suspended the effective date of such proposed rate increase from June 21, 1979, and having considered the same ðt a public hearing, is of the opinion and finds that an increase in rates should be approved. BE IT ORDAINED 8Y THE CITY COUNCIL OF THE CITY OF _~~~I{~~~~ ~I~ TEXAS: SECTION 1: That an increase in the rates, tariffs and charges of Texas Electric Service Company for electric power and energy sold within the City be approved in an amou~t such that the adjusted total systeffiHide operating revenues for the Company be increased $14,558,000 per annum, based on the adjusted test year ending l'~at-ch 31, 1979, \....hich constitutes an increase of approximately 2.74%. Such Schedule of Rates, as are approved in accordance herewith, are those under \vhich 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within the corporate limits of the City until such time as said Rate Schedules may be changed, modified, amended or withdrawn, with the approval of the City Council.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 Electric Service 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 . Tar; ffs may be modi fi ed or amended by the Ci ty Counci 1 of the Ci ty o(_N.__RICHL.'illDJIIUB wi thi n 20 days from the final passage of thi s Ordi nance, other....i se, same shall be considered approved as filed. Such Schedule of Rates and Tariffs, as same may be moòified·or amended, shall be effective from and after final passage of this Ordinance and shall apply to all power ~nd energy used by each customer after the final passage of this Ordinance. ,r SECTION 3: That the action of the City Council of the City ofN. RICHL~TD HILLS enacting this Ot~dinance constitutes, on the date of its final passage,- a fina'------ determination of rates for Texas Electric Service Company within the City of J'L._RlCl:JLA...~.m:Llß_ in accordance with Section 43(e) of the Public Utility Regulatory '"'_ .1- MLL. SECTION 4: Nothing in this Ordinance contained shall be construed now or hereafter as limiting or modifying, in any ma.nner, the right and pm·¡er of the City under the law to regulate the rates and charges of Texas Electric Service Company. PÞ.sSED AND APPFDv'}.:D THIS 18th DAY OF September 1979. d PJ:>PRO-Y'}J) : ç7'~ '? ~~ 1~è>Rvpro Tem A'lTES'T : . . _(1.. H';?~_~__ cp¡~:xcm;fAP.Y'? /' , .