HomeMy WebLinkAboutORD 1980-022 ORDINANCE NO. 80-22
A N ORDINANCE APPROVING RATE SCHEDULES TO BE
CHARGED BY TEXAS POWER & 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
OR WITHDRAWN.
� WHEREAS, on January 4, 1980, Texas Power & Light Company
filed with City of Grapevine a request for an increase in rates
�, to be charged within the City in the amount of approximately
$124 million per annum on a system wide basis, an increase of
approximately 15 .35/0; and
WHEREAS, the City, having suspended the effective date of
such proposed rate increase from February 8, 1980, and having
considered the same at a public hearing, is of the opinion and
finds that an increase in rates should be approved;
NOW, THEREFORE, BE IT ORDA INED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS :
Section l. 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 systemwide operating revenues for the
Company be increased $83, 371, 920 per annum, based on the ad-
justed test year ending September 30, 1979, which constitutes an
increase of approximately 10.1/. Such Schedules 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 corporate limits 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amended or withdrawn, with the approval of the City Council.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
10 days from the final passage of this Ordinance, file with the
City a revised Schedule of Rates and Tariffs consistent with
s�tate and federal law 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, other-
wise, 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.
� Section 3. That the action of the City Council 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 w ith
Section 43 (e) of the Public Utility Regulatory Act.
Section 4. Nothing in this ordinance �ontained shall be
construed now or hereafter as limiting or modifying, in any manner,
the right and power of the City under the �aw to regulate the
rates and charges of Texas Power & Light Company.
PASSED AND APPROVED by the Ci�y Council of the City of
Grapevine, Texas on this the 6th day of May, 1980, first reading.
MAY R
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ATTEST:
CITY SECR A
APPROVED AS TO FORM:
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CITY ATTORNEY
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