HomeMy WebLinkAboutORD 1978-027 ORDINANCE NO. 78-27
"`�' AN ORDINANCE APPROVING RATE SCHEDULES TO BE
CHARGED BY TEXAS POWER AND LIGHT COMPANY IN
THE CITY OF GRAPEVINE, TEXAS, PROVIDING FOR AN
EFFECTIVE DATE FOR SUCH RATE SCHEDULES, AND
PROVIDING CONDITIONS UNDER WHICH SUCH RATE
SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED
O� WITWDRAWN, AND DECLARING AN EMERGENCY.
WHEREAS, on December 21, 1977, Texas Power & Light Company filed
with the City of Grapevine a request for an increase in rates to be charged
within the City in the amount of approximately $118 million per annum on a
systemwide basis, an increase of approximately 18.4°l0; and,
WHEREAS, the City, having suspended the effective date of such
proposed rate increase from January 25, 1978, 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 GRAPEVINE,
TEXAS:
� Section I. That an increase in the rates, tariffs and charges of Texas
Power & L ight Company for electric power and energy sold within the City be
approved in an amount such that the adjusted total systemwide operating revenues
for the Company be increased $ 35,017,000 per annum, based on the adjusted
test year ending September 30, 1977, which constitutes an increase of approximat�ely
5.4 °Jo . $uch 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 corp�rate limits of the City unti I such time as said Rat�e
Schedules may be changed, modified, amended or withdrawn, with the approval
of the City Council .
Section 2. That Texas Power & Light Company shall, within 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 Grapevine within 20 days from the final passage of this Ordinance, otherwise,
��_
�.,-�,
sams shall be considered approved as filed. Such Schedule of Rates and Tariffs,
� M as same may be modified or amended, shall be effective from and after final
passage of this Ordinance and shall apply to a{I power and energy used by each
customer after the final passage of this Ordinance .
Section 3. That the action of the City Cour�cil of the City of Grapevine
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
Grapevine in accordance with Section 43(e) of the Public Utilifiy Regulatory
Act.
Section 4. Nothing in this Ordinance contained shall be construed now
or hPreafter as limiting or modifying, in any manner, fihe right and power of the
City under the law to regulafie the rafies and charges of Texas Power & Light
Company.
Section 5. Emergency - That fact that the current rate ordi►iance of the City
of Grapevine regulating rate schedules is inadequate and this then creates an urgency
and an emergency and in the preservation of the publ ic health, safety, and welfare
� ' requires that this ordinance shall take effect immediately from and after its passage
and fihe publication of the capPion as the law and charter is such cases provides.
`�'`'°'� DULY PASSED by the City Council of the City of Grapevine, Tex�s,
this ffie 16 day of May , (978. on first reading.
DULY PASSED by tt� City Counc' 1 of theCity of Grapevine,
Texas on this the 24th day of May, 978 on second reading.
•— �����
Mayor, City of Grapevine, Texas
ATTEST:
f �'1_ ,�_.. i�� s,�
City S cretary`
�
"�"' City Attorney
�