HomeMy WebLinkAboutRES 020811-U - ONCOR Rate IncreaseRESOLUTION NO
RESOLUTION BY THE CITY OF GEORGETOWN, TEXAS
("CITY") SUSPENDING THE EFFECTIVE DATE FOR NINETY
DAYS IN CONNECTION WITH THE RATE INCREASE FILING
OF ONCOR ELECTRIC DELIVERY COMPANY LLC ON OR
ABOUT JANUARY 7, 2011; FINDING THAT THE MEETING
COMPLIES WITH THE OPEN MEETINGS ACT; MAKING
OTHER FINDINGS AND PROVISIONS RELATED TO THE
SUBJECT; AND DECLARING AN EFFECTIVE DATE
WHEREAS, Oncor Electric Delivery Company LLC ("Oncor" or "Company")
filed a Statement of Intent with the City on or about January 7, 2011 to increase its
system -wide, annual revenue requirement, by approximately $353 million, its system-
wide residential base rates by approximately 15%, and Lighting rates by approximately
26% increase, and seeks a vegetation -management surcharge to recover revenues in the
amount of approximately $34.6 million above actual expense; and
WHEREAS, the City is a regulatory authority under the Public Utility Regulatory
Act ("PURA') and under Chapter 33, §33.001 et seq. of PURA has exclusive original
jurisdiction over Oncor's rates, operations, and services within the municipality; and
WHEREAS, Oncor proposed February 14, 2011 as the effective date for its
requested increase in rates; and
WHEREAS, it is not possible for the City to complete its review of Oncor' filing
by February 14, 2011, and
WHEREAS, the City will need an adequate amount of time to review and
evaluate Oncor s rate application to enable the City to adopt a final .decision as a local
regulatory authority with regard to Oncor's requested rate increase.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GEORGETOWN, TEXAS THAT:
Section 1. The findings set out in the preamble are true and correct.
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Section 2. Oncor's proposed effective date for its proposed increase in rates is hereby
SUSPENDED for ninety days beyond February 14, 2011.
Section 3. The meeting at which this resolution was approved was in all things
conducted in strict compliance with the Texas Open Meetings Act, Texas Government
Code, Chapter 551,
Section4. This resolution shall become effective from and after its passage.
PASSED AND APPROVED this g day of eLV- Cup . 2011.
ATTEST:
APPROVBD AS TO FORM
City Attorney
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Mayor