2001-033-ORD GRANTING TXU ELECTRIC COMPANY AN ELECTRIC LIGHT, HEAT AND POWER FRANCHISE

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making expenses are incurred through the entry of the last action by the Public Utility Commission of Texas (i.e. the said Commission's order overruling the last motion for rehearing) in said Docket No. 11735; the City hereby agrees that any rate-making expenses incurred in connection with said Docket No. 11735 that the City incurs on appeal of the order in Docket No. 11735 will be the City's sole responsibility and further agrees, in the event that the City is a participant in the joint intervention of cities managed by the Steering Committee of TXU Electric Service Area Cities intervening in Docket No. 11735, that the City decides to continue to participate with the Steering Committee in such appeal of said order, and the Company is required to reimburse said Steering Committee for rate-making expenses under Section 33.023 ofPURA, as amended, that are incurred on appeal of said order in Docket No. 11735, to reimburse the Company the City's share of reimbursable expenses related to said appeal and owed by the Company to said Steering Committee determined by the methodology chosen by the said Steering Committee (the City to notify the Company of the method so chosen by the Steering Committee prior to the submission on an invoice by the Steering Committee for the payment by the Company of said reimbursable expenses related to said appeal). Section 18. Assignment of Franchise; Local Office Location; Preservation of Records (a) The Company shall be a legal entity with legal capacity to operate, construct, reconstruct, and maintain an electric power and energy system in the City. Company's principal purpose shall be the provision of electric light, heat, power, and other services, including, but not limited to, transmission, transportation, and bulk sales to the citizens of Paris. The Company shall maintain operations in the city of Paris, and shall make available in Paris to the City, within five (5) business days of the City's request, such business records, accounts, documents, and papers relating to its ownership and operation within the city of Paris. All maps, plats, records, inventories, and books of the Company, insofar as they show values of existing property, shall be preserved for use, if necessary, in connection with future valuation of the property of the Company within the corporate limits of the City. (b) This grant shall not be assignable without the express consent, which shall not be withheld unreasonably, of the governing body of the City, such consent to be evidenced by an ordinance that fully recites the terms and conditions, if any, upon which such consent is given. Section 19. Insurance Company will insure against the risks undertaken pursuant to their franchise including indemnification under Section 21 hereof. Such insurance may be in the form of self-insurance to the extent permitted by applicable law under a Company-approved formal plan of self-insurance maintained in accordance with sound accounting practices. Otherwise, Company shall maintain reasonably adequate insurance covering its obligations of indemnity under Section 21 hereof. A certificate of insurance shall be filed with the City Clerk within 30 days of the effective date of this franchise and upon any substantial change in the nature of its coverage under this section. Should Company elect to self-insure, its notice to the City shall contain information identifying the process for filing a claim. 11