HomeMy WebLinkAboutOrdinance No. 109 ORDINANCE NO. /~y
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, APPROVING RATE
SCHEDULES TO BE CHARGED BY TEXAS POWER & LIGHT COMPANY IN THE CITY
OF THE COLONY; PROVIDING FOR AN EFFECTIVE DATE FOR SUCH RATE SCHEDULES,
AND PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE
CHANGED, MODIFIED, AMENDED OR WITHDRAWN.
WHEREAS, on January 4, 1980, Texas Power & Light Company filed
with the City of The Colony a request for an increase in rates to be
charged within the City in the amount of approximately One Hundred
and Twenty Four Million Dollars ($124,000,000. 00) per annum on a skate
wide basis, an increase of approximately 15.35%; and,
WHEREAS, the City of The Colony, having suspended the effective
date of such proposed rate increase from February 8, 1980, for a
period of One Hundred and Twenty (120) days, and having considered
the same at a public hearing, is of the opinion and finds that an
increase in rates should be approved, NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
SECTION 1. That an increase in the rates, tariffs and charges
of Texas Power & Light Company for electric power and energy sold
within the City of The Colony be approved in an amount such that the
adjusted total systemwide operating revenues for the company be in-
creased from 43.7 million dollars per annum, based on the adjusted
test year ending September 30, 1979, which constitutes an increase
of approximately 5.4%. Such schedule of rates, as are approved in
accordance herewith, are those under which 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 of The Colony 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may be changed, modified, amended or withdrawn, with the approval of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 Power & Light Company shall, within ten
(10) days from the final passage of this ordinance, file with the City
of The Colony a revised schedule of rates and tariffs consistent with
State and Federal law setting forth those rates, tariffs and charges
based upon an increase in total operating revenues as prescribed
herein. Such schedule of rates and tariffs may be modified or
amended by the City Council of the City of The Colony within
twenty (20) days from the final passage of this ordinance, other-
wise, the same shall be considered approved as filed. Such
schedule of rates and tariffs, as may be modified or amended, shall
be effective from and after the final passage of this ordinance
and shall apply to all power and energy used by each customer after
the final passage of this ordinance.
SECTION 3. That the enactment of this ordinance constitutes
a final determination of rates for Texas Power & Light Company for
the City of The Colony, in accordance with Section 43(e) of the
Public Utility Regulatory Act.
SECTION 4. Nothing in this ordinance shall be construed now
or hereafter as limiting or modifying, in any manner, the right
and power of the City of The Colony to regulate the rates and
charges of Texas Power & Light Company as may be provided by law.
SECTION 5. This ordinance shall take effect immediately from
and after its passage on second and final reading and the publication
of the caption as the law and charter in such cases provide.
DULY PASSED ON FIRST READING BY THE CITY COUNCIL OF THE CITY OF
THE COLONY, TEXAS, ON THE ~ DAY OF .//[.s~f~, 1980.
FINALLY PASSED ON SECOND READING ON THE _ /~/ DAY OF //~/.~- ' ~
1980.
PROVE .
ATTEST:
CITY SECRETARY
A?P~OVED Ag TO LEGALITY
CITY ATTORNEY