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2006-013-RES-TXU
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2006-013-RES-TXU
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Last modified
8/18/2006 4:26:45 PM
Creation date
2/17/2006 2:17:03 PM
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CITY CLERK
Doc Name
2006-013-RES-TXU
Doc Type
Resolution
CITY CLERK - Date
2/13/2006
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<br />RESOLUTION NO. 2006-013 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, RATIFYING THE ACCEPTANCE OF SETTLEMENT <br />AGREEMENT BETWEEN STEERING COMMITTEE OF CITIES <br />SERVED BY TXU AND TXU ELECTRIC DELIVERY; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Paris, Paris, Texas, is a member of the Steering Committee of <br />Cities served by TXU (Steering Committee); and <br /> <br />WHEREAS, the Steering Committee did encourage certain member cities to initiate <br />show cause rate proceedings against TXU Electric Delivery (Electric Delivery); and <br /> <br />WHEREAS, Electric Delivery and the Steering Committee engaged in settlement <br />discussions regarding abatement of any full-scale rate investigation and interim relief that may <br />be available to Cities leading to a settlement in February 2005 that made Steering Committee <br />members whole for their alleged excess costs associated with street lighting and water pumping <br />in exchange for delay in Show-Cause filing requirements; and <br /> <br />WHEREAS, Electric Delivery has desired to further extend for two years the currently <br />scheduled June 2006 rate case filing in exchange for extension of payments to Cities under the <br />February 2005 Agreement and other benefits to Cities; and <br /> <br />WHEREAS, the Steering Committee and Electric Delivery have reached a Settlement <br />Agreement that extends the previously negotiated settlement terms by two years and adds <br />benefits to Cities, including reimbursement for participation in ERCOT and market development <br />activities and $18 million in funds for beneficial public use as may be determined in the <br />discretion of Steering Committee member cities and which may include, but which is not limited <br />to, energy education for citizens, reductions in rates for city services, investments in community <br />facilities, and investment in energy efficiency measures; and <br /> <br />WHEREAS, current electric market constraints make it impractical to pass the potential <br />benefits of rate reductions on to residential ratepayers, because most consumers remain on price <br />to beat rates which are fixed by statute and rule, and the minority of consumers who have <br />switched to service from a competitive retail electric supplier may only realize rate reduction <br />benefits if their REP contract requires a pass-through of such rate reduction; and <br /> <br />WHEREAS, the Steering Committee and Electric Delivery have reached a separate <br />agreement wherein the Company will increase franchise fee factors over a four-year period <br />producing increased revenues for each member city; and <br /> <br />WHEREAS, Electric Delivery has committed to the Steering Committee during the <br />period of rate case abatement to share information on certain company operations and <br />
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