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HomeMy WebLinkAboutOrdinance No. 88-09 ORDINANCE N0. 88-9 AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY TEXAS-NEW MEXICO POWER COMPANY IN THE CITY OF FRIENDSWOOD, TEXAS PROVIDING FOR SCHEDULES, CONDITIONS, SEVERABILITY; REPEAL OF CONFLICTING ORDINANCES. WHEREAS, on April 29 , 1988 , Texas-New Mexico Power Company ( "TNP" or "Company") filed with the City of Friendswood a request for an increase in eleetric utility rates to be charged within the City in the amount of $12 , 575, 887 per annum on a total Texas system basis; and WHEREAS , the City, having suspended the effective date of such proposed increase from June 3 , 1988 , and having considered the same at a public hearing, is of the opinion and finds that the rates of TNP should be adjusted ; NOW THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD , TEXAS: PART 1 : That the rates , tariffs , and charges of TNP for electric power and energy sold within the City be revised to increase annual revenues by $4 , 600 , 000 on a total Texas system basis . Such Sehedules of Rates , as are approved in accordance herewith, are those under which said Company shall be authorized to render electrie service and to collect charges from its customers for the sale of eleetric power and energy within the corporate limits of the City for all such consumption from and after September 1 , 1988 , until such time as said Rate Schedules may be changed , modified , amended , or withdrawn, with the approval of the City Council . PART 2: That TNP shall file with the City a revised Schedule of Rates and Tariffs setting forth those rates , tariffs, and eharges based upon such increase in total operating revenues as prescribed herein. The rate desi�n implemented by such sehedules and tariffs shall be in accord with the stipulation of the parties in Docket 8095 before the Publie Utility Commission of Texas and shall reflect the pereentage increases to each 1 customer elass shown on Exhibit 'A' attached hereto . Sueh Sehedule of Rates and Tariffs may be modified or amended by the City Council within the ten ( 10) days from the date of filing with the City, otherwise the same shall be considered approved as filed . Provided , however , notwithstanding any other provisions herein contained , the rate increase provided for herein shall not be eFfeetive prior to the effective date of the rate increase ordered by the Publie Utility Commission of Texas in Docket 8095 and no rate of TNP within the City of Friendswood shall , in any case , exceed the correspondin� rate of customers of TNP in unincorporated areas whether such rate for unincorporated areas are set prior to or after the adoption of this ordinance and it shall be unlawful for TNP , its agents , servants or employees to collect or attempt to collect any higher rate within the City of Friendswood than is colleeted by TNP within unincorporated areas. PART 3 : That the action of the City Council of the City of Friendswood enaeting this Ordinance constitutes a final determination of rates of TNP within the City of Friendswood in accordance with Section 43(e) of the Public Utility Regulatory Aet , with rate ' s retroactive to September 1 , 1988 . PART 4 : Nothing in this Ordinanee contained shall be construed now or hereafter as limiting or modifyin�, in any manner , the ri�ht and power of the City under the law to regulate the rates and char$es of TNP . PART 5: That all Ordinances , Resolutions, or parts thereof, in confliet herewith are repealed to the extent of sueh confliet . APPROVED ON FIRST READING THIS THE 12TH DAY OF SEPTEMBER, 1988 • APPROVED ON SECOND AND FINAL READING THIS THE 3RD DAY OF OCTOBER, 1988 . . Mayor Paul W. Schrader City of Friendswood ATTEST: . � r Deloris MeKe zie CMC City Secretary 2 EXHIBIT A TEXAS-NEW MEXICO POWER COMPANY SETTLEMENT REVENUES & PERCENT INCREASES TOTAL TOTAL PRESENT TARGET PROPOSED � REVENUES INCREASE REVENUES INCREASE RESIDENTIAL 118,066,228 1,969,985 120, 036,213 1.67� GENERAL SERVICE 49,776,350 1, 042,784 50,819, 134 2.09% LARGE GENERAL SERVICE 45,444, 066 952,025 46, 396, 091 2.090 RESALE 1, 121, 917 23 ,503 1, 145,420 2.09� INDUSTRIAL POWER SERVICE 53 , 313 , 123 444,776 53 ,757, 899 0.83% MUNICIPAL POWER 3,810,428 79,826 3 ,890,254 2.09% STREET LIGHTING 1,503 , 646 31,500 1,535, 146 2. 09% OUTDOOR LIGHTING 2 . 654 . 032 55. 600 2 , 709, 632 2.09% SUB-TOTAL 275, 689,790 4,600, 000 280, 289,790 1.67� OTHER REVENUES 5,800.945 0 5 , 800, 945 0. 00% TOTAL 281, 490,735 4, 600, 000 286, 090,735 1. 63% .