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HomeMy WebLinkAboutResolution No. 02-26 RESOLUTION NO. RESOLUTION DENYING TXU GAS DISTRIBUTION'S REQUEST TO CHANGE RATES IN THE NORTH TEXAS METROPLEX DISTRIBUTION SYSTEM; REQUIRING PROMPT REIMBURSEMENT OF CITIES' RATE CASE EXPENSES WHEREAS, on or about March 1, 2002, TXU Gas Distribution, a division of TXU Gas Company file with thc City of The Colony, Texas a Statement of Intent to change gas rates in all municipalities within the North Texas Mctroplcx Distribution System effective April $, 2002; and WHEREAS, thc City of Thc Colony suspended thc effective date of thc proposed new rates for 90 days to evaluate thc reasonableness of existing rates and thc merits of TXU's proposed changes; and WHEREAS, thc City of Thc Colony participated with other municipalities in a comprehensive review of TXU Gas Distribution's application; and WHEREAS, consultants and counsel retained by thc coalition of cities have recommended denial of thc Company's application based upon a report from consultants demonstrating that the revenue requirement of the North Texas Mctroplex Distribution System is being met under current rates; and WHEREAS, the recommendation has been endorsed by thc Steering Committee of city representatives who have coordinated thc review of TXU Gas Distribution's rate application; and WHEREAS, thc Gas Utilities Regulatory Act provides that costs incurred by Cities in ratcmaking activities arc to bc reimbursed by the regulated utility. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY that: 1. The TXU Gas Distribution's Statement of Intent to change gas rates within thc North Texas Mctroplex Distribution System bc in all respects denied. 2.Thc costs incurred by Cities in reviewing TXU's application bc promptly reimbursed by the Company. 3. A copy of this resolution, constituting final action on TXU's application bc sent to Autry Warren, Rates Manager, TXU Gas Distribution, 1601 Bryan Street, Dallas, Texas 75201-3402 Bernetta Henville-Shannon, Mayor Patti A. Hicks, City Secretary APPROVED AS TO FORM: ik~l, City~o~ey ·