HomeMy WebLinkAboutOrdinance 7757 ORDINANCE NO. $7 '7, 'J
AN ORDINANCE SUSPENDING THE RATE INCREASE
PROPOSED IN THE STATEMENT OF INTENT FILED BY
TEXAS ELECTRIC SERVICE COMPANY ON MAY 30,
1978, FOR AT LEAST 120 DAYS BEYOND THE IN-
TENDED EFFECTIVE DATE OF JULY 5, 1978; PRO-
VIDING A SEVERABILITY CLAUSE ; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, on May 30, 1978, the Texas Electric Service Company
filed with the City Secretary of the City of Fort Worth a State-
ment of Intent to Change Rates to make a major change in electric
rates proposed to go into effect on July 5, 1978, which major
change in electric rates is estimated by the Texas Electric Ser-
vice Company to increase its adjusted total operating revenue in
the amount of $109, 968,623 or 24.43%; and
WHEREAS, under the Texas Public Utility Regulatory Act,
(Article 1446c, V.T.C.S. ) , the City Council of the City of Fort
Worth is charged with the duty of making a "reasonable determi-
nation of rate base, expenses, investment and rate of return
within the municipal boundaries" , of the City of Fort Worth; and
WHEREAS, it is a matter of public necessity that a thorough
investigation be conducted and a hearing held on such requested
major change in rates ; and
WHEREAS, it is necessary that the proposed rate increase
intended to become effective on July 5, 1978, be suspended as
authorized by Article 1446c, the Public Utility Regulatory Act,
for at least 120 days beyond the date on which the schedule of
proposed rates would go into effect (November 1, 1978) ;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS :
SECTION I.
That the proposed rate increase of the Texas Electric
Service Company intended to become effective on July 5, 1978,
be and the same is hereby suspended as authorized by Article
1446 (c) , the Public Utility Regulatory Act for at least 120
days beyond such date on which the schedule of proposed rates
would go into effect and at least until November 1, 1978.
SECTION II.
Should any part, portion, section or part of a section of
this ordinance be declared invalid or inoperative or void for
any reason by a court of competent jurisdiction, such decision,
opinion or judgment shall in no way affect the remaining por-
tions, parts, sections or parts of sections of this ordinance,
which provisions shall be, remain and continue to be in full
force and effect.
SECTION III.
That this ordinance shall take effect and be in full
force and effect from and after the date of its passage, and
it is so ordained.
APPROVED AS TO FORM AND LEGALITY:
OP
city At •me ARTHUR R. FETERS
A
ADOPTED: 3 u a_t. ,-A '7� 1 1 'i e
EFFECTIVE :y
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