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<br />DAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I February 26,2007 <br /> <br />D Discussion ~Information DRefer to: <br /> <br />DESCRIPTION: <br /> <br />Receipt of settlement check from Steering Committee of Cities Served by TXU in <br />the amount of $53,626. <br /> <br />BACKGROUND INFORMATION: <br /> <br />In 2004, Steering Committee cities exercised original ratemaking jurisdiction over <br />TXU Electric Delivery Company and passed resolutions compelling the Company <br />to file cost of service data to show cause why rates should not be reduced. After <br />several months of discussions, TXU and the Steering Committee reached an <br />agreement to postpone commencement of a TXU rate case. The settlement terms <br />called for TXU to work with cities on certain items of concern and to make annual <br />cash payments to the Steering Committee, which will be dispersed to member <br />cities. Last year, TXU and the Steering Committee agreed to extend the benefits <br />negotiated in 2004 and to increase value to the cities beyond the original <br />settlement through two "beneficial public use" payments. This check represents the <br />second installment payment. <br /> <br />FISCAL AUTHORITY: <br />BUDGETED: No Account #: 01-7330-00-00 <br />GRANT: Account #: <br />BOND / C 0 Account #: <br />Other: See attached for recommended funding <br /> <br />LEGAL REVIEW: <br />COMMENTS: <br /> <br />MANAGER'S RECOMMENDATION: <br /> <br /> <br />. -r <br /> <br />''1'''......"..."........0,.*... . <br />