HomeMy WebLinkAboutOrdinance No. 171 AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY TEXAS POWER &
LIGHT COMPANY IN THE CITY OF THE COLONY, TEXAS; PROVIDING FOR AN EFFEC-
TIVE DATE FOR SUCH RATE SCHEDULES AND PROVIDING CONDITIONS UNDER WHICH
SUCH HATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN.
WHEREAS, on March 6, 1981, Texas Power & Light Company ("Company")
~iled with the City of The Colony ("City") a request for an increase
in rates to be charged within the City in the amount of approximately
$198 million per annum on a systemwide basis, an increase of approximately
20.3% in total revenues and 32.94% in base rate revenues, and
WHEREAS, the City, having suspended the effective date of such
proposed rate increase from April 10, 1981, and having considered the
same at a public hearing, is of the opinion and finds that an increase
in rates should be approved.
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 be approved in an amount such that the adjusted total system-wide
operating revenues for the Company be increased $32,673,000 per annum,
based on the adjusted test year ending December 31, 1980, which consti-
tutes an increase of approximately 3.3% in total revenues and 5.44%
in base rate revenues. 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 same of electric power and energy within the corporate l~its
of the City 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modified, amended or withdrawn, with the approval of the City Council.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 a
revised Schedule of Rates and Tariffs 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, otherwise, same shall
be considered approved as filed. Such Schedule of Rates and Tariffs,
as same may be modified or amended, shall be effective from and after
final passage of this Ordinance and shall apply to all power and energy
used by each customer after the final passage of this Ordinance.
Provided, the rates approved hereby shall not be effective prior to the
time the Company shall have put the rate increase resulting from all
other cases filed simultaneously herewith into effect throughout its
system.
SECTION 3: That the action of the City Council of the City of The
Colony enacting this Ordinance constitutes, on the date of its final
passage, a final determination of rates for Texas Power & Light Company
within the City of The Colony in accordance with Section 43(e) of the
Public Utility Regulatory Act.
SECTION 4: Nothing in this Ordinance contained shall be construed
now or hereafter as limiting or modifyi~ in any manner, the right and
power of the City under the law to regulate the rates and charges of
Texas Power & Light Company.
PASSED AND APPROVED at a Regular meeting of the City Council of
the City of The Colony, Texas, this the 31 day of August, 1981.
ATTEST: YOR
JA~E CARROLL, CITY SECRETARY