HomeMy WebLinkAboutResolution No. 99-19 ORIGINAL
RESOLUTION NO. ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS RATIFYING THE STEERING COMMITTEE EFFORTS AND
APPROVING THE AGREEMENT IN PRINCIPLE TO RESOLVE LONE STAR
GAS COMPANY'S APPLICATION FOR A CYCLE BILLING ADJUSTMENT;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on February 25, 1999, Lone Star Gas Company filed an application with the
Railroad Commission of Texas to add an additional correcting mechanism to Lone Star Gas-Transmission
Rate Schedule No. 56 to recognize the impact of cycle billing; and
WHEREAS, the City of The Colony, Texas, in cooperation with other cities served by Lone Star
Gas, intervened in Railroad Commission Docket No. 8935 to protect the interests ofratepayers; and
WHEREAS, the Cities' Steering Committee engaged in negotiations with Lone Star Gas to
resolve the issues raised by the Company's application; and
WHEREAS, the efforts of the Steering Committee have resulted in Lone Star's agreement to: (1)
mitigate the potential impact of a cycle billing adjustment by modifying the method of calculation and
crediting $500,000 annually to ratepayers; (2) limit the cycle billing adjustment to only two years; and (3)
replace the current monthly gas adjustment clause with a simpler, reconcilable gas recovery mechanism
that will eliminate the need for a cycle billing adjustment after two years.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
THE COLONY, TEXAS:
Section 1. Thc efforts of thc City's Steering Committee in Railroad Commission Docket No.
8935 are ratified; and
Section 2. The Agreement in Principle reached between Cities and Lone Star as Company in
resolving Railroad Commission Docket No. 8935 is approved.
PASSED AND APPROVED by the City Council of the City of The Colony, Texas this the
day of ~' [:' ~:>'7- ~ 1999.
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ATTEST:y..~~ .. ff/~. ~-'~~' William W. Manning, M~yor--
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Patti Hicks, City Secretary
APPROVED AS TO FORM:
Document #: 855804