Laserfiche WebLink
<br />MEMORANDUM <br /> <br />TO: <br />FROM: <br />SUBJECT: <br /> <br />TXU CITIES STEERING COMMITTEE <br />JAY DOEGEY, STEERlNG COMMITTEE C~ <br />2007 DISTRIBUTION OF SETTLEMENT PROCEEDS- STREET <br />LIGHTING PORTION <br />APRIL 4, 2007 <br /> <br />DATE: <br /> <br />Enclosed is a settlement check which represents your city's portion of the street lighting <br />payment for 2007 negotiated with TXU on behalf of the Steering Committee of Cities <br />served by TXU. The check we distributed to you earlier this year was the beneficial <br />public use payment. <br /> <br />In 2004, 20 cities exercised original ratemaking jurisdiction over TXU Electric Delivery <br />Company (the transmission and distribution or wires company portion of TXU) and <br />passed resolutions compelling the Company to file cost of service data to show cause <br />why rates should not be reduced. The efforts of the 20 cities were coordinated through <br />the TXU Cities Steering Committee to which your city belongs. After several months of <br />discussions, TXU and the Steering Committee reached an agreement to postpone <br />commencement of a TXU rate case. The settlement terms called for TXU to work with <br />cities on certain items of concern and to make annual cash payments of $8 million to the <br />Steering Committee, which was then dispersed to member cities. <br /> <br />If you have any questions or would like additional information, please contact Mary <br />Bunkley at 817/459-6878 or bunkleym@ci.arlington.tx.us. <br />