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HomeMy WebLinkAboutResolution 5226-05-2020 A Resolution NO. 5226-05-2020 A RESOLUTION OF THE CITY OF FORT WORTH, TEXAS FINDING THAT ONCOR ELECTRIC DELIVERY COMPANY LLC'S APPLICATION FOR APPROVAL TO AMEND ITS DISTRIBUTION COST RECOVERY FACTOR TO INCREASE DISTRIBUTION RATES WITHIN THE CITY SHOULD BE DENIED; AUTHORIZING PARTICIPATION WITH ONCOR CITIES STEERING COMMITTEE; AUTHORIZING THE HIRING OF LEGAL COUNSEL AND CONSULTING SERVICES; FINDING THAT THE CITY'S REASONABLE RATE CASE EXPENSES SHALL BE REIMBURSED BY ONCOR; FINDING THAT THE MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW; REQUIRING NOTICE OF THIS RESOLUTION TO ONCOR AND LEGAL COUNSEL. WHEREAS, the City of Fort Worth, Texas ("City") is an electric utility customer of Oncor Electric Delivery Company LLC ("Oncor"), and a regulatory authority with an interest in the rates and charges of Oncor; WHEREAS, the Oncor Cities Steering Committee ("OCSC") is a coalition of similarly situated cities served by Oncor that have joined together to efficiently and cost effectively review and respond to electric issues affecting rates charged in Oncor's service area in matters before the Public Utility Commission("Commission") and the courts; WHEREAS, on or about April 3, 2020, Oncor filed with the Commission an Application to Amend its Distribution Cost Recovery Factor ("DCRF"), Commission Docket No. 50734, seeking to increase distribution rates by $75.9 million annually (an approximately $0.88 increase to the average residential customer's bill); WHEREAS, the City will cooperate with OCSC in coordinating their review of Oncor's DCRF filing with designated attorneys and consultants, prepare a common response, negotiate with Oncor, and direct any necessary litigation,to resolve issues in Oncor's filing; WHEREAS, all electric utility customers residing in the City will be impacted by this ratemaking proceeding if it is granted; WHEREAS, working with the OCSC to review the rates charged by Oncor allows members to accomplish more collectively than each city could do acting alone; and WHEREAS, OCSC's members and attorneys recommend that members deny Oncor's DCRF. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT: SECTION 1. That the City is authorized to participate with OCSC in Commission Docket No. 50734. SECTION 2. That, subject to the right to terminate employment at any time, the City hereby authorizes the hiring of the law firm of Lloyd Gosselink Rochelle & Townsend, P.C. and consultants to negotiate with Oncor, make recommendations to the City regarding reasonable rates, and to direct any necessary administrative proceedings or court litigation associated with an appeal Oncor's DCRF application. SECTION 3. That the rates proposed by Oncor to be recovered through its DCRF charged to customers located within the City limits, are hereby found to be unreasonable and shall be denied. SECTION 4. That Oncor shall continue to charge its existing rates to customers within the City. SECTION 5. That the City's reasonable rate case expenses shall be reimbursed in full by Oncor within 30 days of the adoption of this Resolution. SECTION 6. That it is hereby officially found and determined that the meeting at which this Resolution is passed is open to the public as required by law and the public notice of the time, place, and purpose of said meeting was given as required. SECTION 7. That a copy of this Resolution shall be sent to Tab Urbantke, Attorney for Oncor, at Hunton Andrews Kurth LLP, 1445 Ross Avenue, Suite 3700, Dallas, Texas 75202, and to Thomas Brocato, General Counsel to OCSC, at Lloyd Gosselink Rochelle & Townsend, P.C., P.O. Box 1725, Austin, TX 78767-1725, or tbrocato@lglawfirm.com. Adopted this 5°i day of May 2020. Rr ATTEST: . 0 By: * ............. Marry J. Kayse y S Greta Tr City of Fort Worth,Texas Mayor and Council Communication DATE: 05/05/20 M&C FILE NUMBER: M&C 20-0295 LOG NAME: 21 ONCOR ELECTRIC DELIVERY RATE INCREASE DCRF FILING SUBJECT Adopt Resolution Denying Application for Approval to Amend its Distribution Cost Recovery Factor Proposed by Oncor Electric Delivery Company LLC and Authorizing Steering Committee of Cities Served by Oncor to Retain Law Firm and Consultants to Evaluate the Application (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that City Council 1.Adopt a Resolution denying the Application for Approval to Amend its Distribution Cost Recovery Factor rate filed by Oncor Electric Delivery Company LLC on or about April 3,2020;and 2.Authorize the City Manager to cooperate with other cities in the Steering Committee of Cities served by Oncor Electric Delivery Company LLC to hire and direct legal counsel(Lloyd Gosselink Rochelle&Townsend,P.C.)and consultants,to permit adequate time to review the filing and identify adjustments that should be made to the Application for Approval to Amend its Distribution Cost Recovery Factor(DCRF) DISCUSSION: The purpose of this Mayor and Council Communication(M&C)is to take action to deny an Application for Approval to Amend its Distribution Cost Recovery Factor(DCRF)filed by Oncor Electric Delivery Company LLC(Oncor). On April 3,2020, Oncor filed its DCRF application with the Public Utility Commission of Texas(Commission)Docket No.50734. In the DCRF, Oncor is seeking an increase in distribution revenues of approximately 75,889,531.00. This is Oncor's second DCRF filing under a law adopted in 2011 allowing electric utilities to file limited issue,limited review cases. Under state law,the City has original jurisdiction over the rates,operations and services of Oncor in the City. If the City takes no action on this matter,the amended DCRF rates will automatically take effect September 1,2020.However,state law also allows a municipality's governing body with original jurisdiction over an application for the DCRF or DCRF update to make a final decision on the application within 60 days after the application was filed. If the governing body does not make a final decision within 60 days after the application was filed,the application is deemed denied by the governing body.The electric utility may appeal the governing body's final decision to the commission no later than 30 days after the decision,regardless of whether the governing body approves or denies the application.The electric utility's appeal automatically suspends the governing body's final decision. It is recommended that the City Council deny the effectiveness of the rates and that the City work with the Steering Committee of Cities served by Oncor(Steering Committee)and its legal and technical consultants to assist the City in reviewing the DCRF application and making such a determination.The cost of the direct legal counsel and consultant is covered by the City's annual membership with the Steering Committee. In accordance with state law and pursuant to a the Settlement Agreement between Oncor and the Steering Committee,ratified by City Council February 28,2006(Resolution No.3316-02-2006, M&C G-15096),Oncor is required to reimburse the Steering Committee for reasonable consultant and other regulatory costs associated with this review. A Form 1295 is not required because:This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that this action will have no material effect on City Funds. Submitted for City Manager's Office by: Kevin Gunn 2015 Originating Business Unit Head: Steve Cooke 5134 Additional Information Contact: Roger Venables 6334