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<br />RESOLUTION NO. 2005-039 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, ACCEPTING A SETTLEMENT AGREEMENT WITH TXU <br />ELECTRIC DELIVERY AS RECOMMENDED BY THE STEERING <br />COMMITTEE OF CITIES SERVED BY TXU; MAKING OTHER FINDINGS <br />AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Paris, Texas, is a member of the Steering Cornmittee of Cities <br />rved by TXU (Steering Committee); and, <br /> <br /> <br />WHEREAS, the Steering Committee did encourage certain member cities to initiate show <br />ause rate proceedings against TXU; and, <br /> <br />WHEREAS, TXU Electric Delivery and the Steering Committee engaged in settlement <br />iscussions regarding abatement of any full-scale rate investigation and interim relief that may be <br />vailable to Cities; and, <br /> <br /> <br />WHEREAS, it remains impractical, if not impossible, to deliver rate relief to the vast <br />ajority of residential customers until the expiration of price to beat (PTB) on January 1,2007; and, <br /> <br />WHEREAS, the unfair and adverse impacts of street lighting and water pumping tariffs that <br />ities have experienced since the implementation of retail deregulation on January 1, 2002, can be <br />ddressed on an interim basis pending a final order in a future rate case through a financial <br />istribution from the Steering Committee of funds received from TXU Electric Delivery as part of <br />Settlement; and <br /> <br />WHEREAS, such interim relief is coupled with the Steering Committee's recognition that <br />r sources should be devoted to the 2005 Legislative Session to promote overall enhancements in <br />lectric retail competition for the benefit of all end-users; and, <br /> <br /> <br />WHEREAS, the Steering Committee and TXU Electric Delivery have entered into a <br />ettlement Agreement pending approval by the 20 Cities that passed show-cause resolutions and <br />tification by other member cities with original jurisdiction; and, <br /> <br />WHEREAS, TXU Electric Delivery has agreed to improve communication, coordination <br />d timing of construction in rights-of-way, permit development of a tariff that will allow city <br />andated underground placement of distribution facilities, modify certain franchise renewal <br />egotiation positions, and improve meter reading on certain city accounts that are estimated; and, <br />