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HomeMy WebLinkAboutResolution 2005-028 RESOLUTION NO. 2005-028 WHEREAS, the City of North Richland Hills, Texas (City) 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 (Electric Delivery); 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 has 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 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. THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS that: 1 . The Settlement Agreement between the Cities' Steering Committee and TXU Electric Delivery is hereby approved. PASSED this 11th day of April, 2005 by the City Council of the City of North Richland Hills, Texas. \ U'I \\\,\ .' C~'IIIII " 1;/ ~~' ~y.,.~........... 'l'l ~"n ..~"" :::... 1_. ~ k:fEST' ....:~\ ='c:Ji r '-4 ::_: :.... == -, . .~.,- ~Y:::~ .: ~ - . . ..... .' .' Oscar Trevino, Mayor APPROVED AS TO FORM: APPROVED AS TO CONTENT: ~ Karen Bostic, Managing Director