HomeMy WebLinkAboutORD 1980-028 ORDINANCE NO. 80-28
AN ORDINANCE APPROVING RATE SCHEDULES TO BE
CHARGED BY TEXAS POWER & LIGHT COMPANY IN
THE CITY OF GRAPEVINE, TEXAS, PROVIDING FOR
AN EFFECTIVE DA TE FOR SUCH RATE SCHEDULES,
AND PROVIDING CONDITIONS UNDER WHICH SUCH
RATE SCHEDULES MAY BE CHANGED, MODIFIED,
'� AMENDED OR WITHDRAWN; REPEALING ORDINANCE
I NUMBER 80-22 AND DECLARING AN EMERGENCY.
�""" WHEREAS, on January 4, 1980, 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
$124 million per annum on a systemwide basis, an increase of
approximately 15.35%; 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 ORDAINED BY THE CITY COUNCIL OF
THE CITY OF GRAPEVINE, TEXAS :
Section 1. 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 $81, 876,078 per annum, based
!� on the adjusted test year ending September 30, 1979, which
constitutes an increase of approximately 10.05%. 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 with-
drawn, with the approval of the City Council.
Section 2. That Texas Power & Light Company shall,
within ten (10) days from the final passage of this Ordinance,
file with the City a revised Schedule of Rates and Tariffs
�� consistent with state 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 twenty (20) days
from the final passage of' this Ordinance, otherwise, 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
i� 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 with Section 43 (e) of the Public Utility Regula-
tory Act. "�'�
�,�.
Section 4. Nothing in this ordinance contained shall
be construed now or hereafter as limiting or modifying, in
any manner, the right and power of the City under the law
to regulate the rates and charges of Texas Power & Light
Campany.
��
Section 5. That Ordinance Number 80-22 passed by the
City Council of the City of Grapevine on first reading, May
6, 19�0 is hereby repealed.
�
Section 6. The fact that the present ordinance relat�ng
to Texas Power and Light Company rate schedules is incorrect
creates an urgency and emergency and in the preservation of
the public health, safety and welfare requires that this
ordinance shall take effect immediately from and after its
passage.
PASSED AND APPROVED by the City Council of the City
of Grapevine, Texas on this the 20th day of May, 1980.
APPROVED:
Mayor �
� ATTEST:
�Irri.�
City Secr ar
�
APPROVED rAS TO FORM AND LEGALITY:
��
City Attorney
�
ir..