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HomeMy WebLinkAbout0422_420420 RESOLUTION AUTHORIZING EXECUTIVE COMMITTEE OF ASSOCIATION OF WHOLESALE POWER CUSTOMERS OF LCRA TO ACT IN OPPOSITION TO LCRA RATE INCREASE APPLICATION WHEREAS, the City of Georgetown is a purchaser of electric power wholesale from the Lower Colo- rado River Authority ("LCRA") and is a member of a group of electric cooperatives and cities each of which purchases electric power wholesale from LCRA (the Association of Wholesale Power Customers of LCRA, or "Wholesale Customers"); and WHEREAS, LCRA has filed with the Public Utility Commis- sion of Texas, Docket No. 2503, an application to increase its electric power rates by more than $17 million annually; and WHEREAS, t.hP Ci f of f-&_or�gptaWn desires to oppose LCRA's proposed rate increase in PUC Docket No. 2503 to the extent that it exceeds the level required to permit LCRA to render adequate service and meet its statutory obligations; and WHEREAS, such opposition can most efficiently and economically be achieved through participation in the Wholesale Customers group; and WHEREAS, because of the large number of members that comprise the Wholesale Customers, it is in the best inter- ests of each member to authorize the Executive Committee to act on behalf of the members of the Wholesale Customers. NOW, THEREFORE, BE IT RESOLVED BY THECi ter Council of the City of Georgetown , THAT the Executive Committee, as it is presently composed or as it may be composed in the future, is hereby authorized and directed to take any and all action it deems reasonable and necessary on behalf of the City of Georo own ,