HomeMy WebLinkAboutOrdinance 13315ORDINANCE NO ~~.3
AN ORDINANCE APPROVING RETAIL BASE RATE
REDUCTIONS FOR TEXAS UTILITIES ELECTRIC COMPANY,
PROVIDING AN EFFECTIVE DATE THEREFOR, AUTHORIZING
INTERVENTION IN PUC DOCKET NO 18490; APPROVING A
MOST FAVORED NATION PROVISION, PROVIDING AN
EFFECTIVE DATE, AND FINDING AND DETERMINING THAT
THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS
OPEN TO THE PUBLIC AS REQUIRED BY LAW
WHEREAS, the City of Fort Worth is a regulatory authority under the
Utilities Code and has original jurisdiction over the rates of Texas Utilities Electric
Company (TUEC), and
WHEREAS, TUEC's retail base rates should be adjusted because of
changes that have occurred since such rates were last reviewed in PUC Docket
No 11735, and
WHEREAS, on December 22, 1997, TUEC filed with the Governing Body
of this municipality a Petition and Statement of Intent to Implement base rate
reductions for its retail electric service customers within this municipality, which
base rate reductions are components of a settlement reached among various
parties set forth in a Stipulation and Joint Application for Approval Thereof
(Stipulation) filed with the Public Utility Commission of Texas (PUC) on
December 17, 1997, and
WHEREAS, the Stipulation calls for recording depreciation that would
normally be charged against transmission and distribution assets as additional
depreciation on nuclear production assets, and
WHEREAS, the City of Fort Worth desires to intervene in the PUC's
proceeding to review the Stipulation, PUC Docket No 18490, to ask the PUC to
determine whether the provisions of the Stipulation are consistent with sound
regulatory and public policy
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
SECTION 1 The retail base rate reduction tariffs filed by TUEC (Rider
RRD -Residential Rate Reduction, Rider GSRD -General Service Secondary
Rate Reduction, and Rider RD -Rate Reduction) are hereby approved effective
January 1, 1998 The referenced schedules shall remain in effect until such time
as they may be changed, modified, or amended by the approval of the City
Council The filing of the rate schedules shall constitute notice to the consumers
of electricity, within this municipality, of the availability and application of such
rate schedules
SECTION 2. The City of Fort Worth shall intervene in PUC Docket No
18490 and coordinate its efforts in that regard with other cities through the
Steering Committee of Cities Served by TUEC In this regard, the PUC is
encouraged to review the shifting of depreciation from transmission and
distribution assets to nuclear production assets, as called for in the Stipulation,
and to determine whether the shifting of depreciation is consistent with sound
regulatory and public policy
SECTION 3 Nothing contained in this Ordinance shall be construed now
or hereafter as limiting or modifying in any manner the right and power of the
Governing Body of this municipality under the law to regulate the rates,
operations, and services of TUEC
SECTION 4 Notwithstanding any other provision of this Ordinance, the
rates authorized for electric service in this municipality shall not exceed the
lowest rates available to residents of any other municipality served by TUEC
finally resulting from TUEC's filing of the Sitpulation and any other appeals from
City ordinances connected therewith.
SECTION 5 This Ordinance shall be in full force and effect from and after
is passage, and it is so ordained.
SECTION 6 It is hereby officially found and determined that the meeting
at which this Ordinance is passed is open to the public as required by law and
that public notice of the time, place and purpose of said meeting was given as
required.
ROVED AS T ~ORM AND EGALITY
City Attorney
Adopted
e
Effective