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HomeMy WebLinkAboutResolution No. 04-61 CITY OF THE COLONY RESOLUTION NO. 0~'~--~/~ [ DIRECTING TXU ELECTRIC DELIVERY COMPANY TO FILE CERTAIN INFORMATION WITH THE CITY OF THE COLONY; SETTING A PROCEDURAL SCHEDULE FOR THE GATHERING AND REVIEW OF NECESSARY INFORMATION IN CONNECTION THEREWITH; SETTING DATES FOR THE FILING OF THE CITY'S ANALYSIS OF THE COMPANY'S FILING AND RATIFYING THE HIRING OF LEGAL COUNSEL AND CONSULTANTS; RESERVING THE RIGHT TO REQUIRE THE REIMBURSEMENT OF THE CITY OF THE COLONY'S RATE CASE EXPENSES; SETTING A PUBLIC HEARING FOR THE PURPOSES OF DETERMINING IF THE EXISTING RATES OF TXU ELECTRIC DELIVERY COMPANY ARE UNREASONABLE OR IN ANY WAY IN VIOLATION OF ANY PROVISION OF LAW AND THE DETERMINATION BY THE CITY OF THE COLONY OF JUST AND REASONABLE RATES TO BE CHARGED BY TXU ELECTRIC DELIVERY COMPANY. WHEREAS, the City of The Colony is a regulatory authority under the Public Utility Regulatory Act (PURA) and has original jurisdiction over the rates of TXU Electric Delivery (TXU) to determine if such rates are just and reasonable; and WHEREAS, Sections 33.021, 36.003 and 36.151 of PURA empowers a regulatory authority, on its own motion or on a complaint by any affected person, to determine whether the existing rates of any public utility for any service are unreasonable or in any way in violation of any provision of law, and upon such determination, to determine the just and reasonable rates; and WHEREAS, the City of The Colony has reason to believe that TXU is overearning and its rates are excessive; and WHEREAS, the City of The Colony is a member of the Steering Committee of Cities Served by TXU; and WHEREAS, the Steering Committee of Cities Served by TXU has unanimously recommended that cities pas a resolution that requires TXU to show cause why its transmission and disthbution rates should not be reduced; and WHEREAS, the City of The Colony, and the City Council of the City of The Colony, desires, on its own motion, to exercise its authority under Sections 33.021, 36.003 and 36.151 of PURA; and WHEREAS, a procedural schedule should be established for the filing of certain information by TXU, procedures to be followed to obtain and review information from TXU, the filing of an analysis of such information by the City, the filing of rebuttal information from TXU, and a public heating at which time the City shall make a determination whether the existing rates of TXU are unreasonable or are in any way in violation of any provision of law and if such rates should be revised and just and reasonable rates determined for TXU. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. This resolution constitutes notice of the City's intent to proceed with an inquiry into the transmission and distribution rates charged by TXU. On or before November 30, 2004, TXU shall file with the City of The Colony, information that demonstrates good cause for showing that TXU's transmission and distribution rates should not be reduced. Specifically, TXU shall file with the City of The Colony information for the test year beginning July 1, 2003 and ending June 30, 2004, regarding TXU's cost of service elements, including, but not limited to, the elements detailed by the Public Utility Commission as necessary for the filing of a Statement of Intent to Change Rates. SECTION 2. City's designated representatives shall have the right to obtain additional information from TXU through the filing of requests for information, which shall be responded to within fifteen (15) days from the receipt of such request for information. SECTION 3. City's designated representatives shall file their analysis of TXU's filing and information on or before December 29, 2004. SECTION 4. TXU shall file any rebuttal to the analysis of City's representative on or before January 7, 2005. With its rebuttal, TXU may present whatever additional information it desires to defend its current rates. SECTION 5. A public heating shall be conducted by the City Council for the City of The Colony on January 7, 2005, during the regular council meeting scheduled to commence at 7:00 p.m. At such heating a representative of TXU and a representative of the City of The Colony's consultants will each be allowed to address the City Council and summarize previously flied reports for not more than 15 minutes. Based upon such hearing, a determination of the reasonableness of the existing rates of TXU shall me made by the City Council and, if necessary, just and reasonable rates shall be determined to be thereafter observed and enforced for all services of TXU within the City of The Colony, Texas. SECTION 6. The City Council may, from time to time, amend this procedural schedule and enter additional orders as may be necessary in the public interest and to enforce the provisions hereof. SECTION 7. Subject to the right to terminate employment at any time, the City of The Colony hereby ratifies the Steering Committee's selection of Geoffrey Gay and Kristen Doyle with the law firm of Lloyd, Gosselink, Blevins, Rochelle, Baldwin & Townsend as legal cotmsel to assist the City of The Colony in its ratemaking and to prosecute any appeals to the Texas Public Utility Commission or court. SECTION 8. Fees and expenses of attorneys and consultants assisting the City in the Steering Committee's review of the reasonableness of TXU's rate will be processed through the Steering Committee but the City reserves the right to seek reimbursement from TXU pursuant to the PURA Section 33.023. SECTION 9. That it is hereby officially found and determined that the meeting at which this ordinance is passed was open to the public as required by law, and that public notice of the time, place and purpose of said meeting was given all as required by Section 551.041, Texas Government Code. Passed and APPROVED this 16th day of August, 2004. Christie Wilson, City Secretary