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<br />COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT <br /> <br />This Compromise, Settlement, and Release Agreement (the "Agreement") is made and <br /> <br />entered into as ofthe date set forth below by and between the City of Paris (the "City") and TXU <br /> <br />Electric Company nlk/a TXU US Holdings Company ("TXU Electric"), TXU Gas Company <br /> <br />("TXU Gas") and TXU Corp. (collectively sometimes referred to as the "TXU Defendants"): <br /> <br />WHEREAS, there is currently pending in the 1341h Judicial District Court of Dallas County, <br /> <br />Texas, in Cause No. 00-9383, a suit styled City of Denton, Texas et al. vs. TXU Electric Company, et <br /> <br />al. (the "Litigation") which includes claims by the City against the TXU Defendants arising out of <br /> <br />the electric and gas franchise ordinances entered into by and between the City and TXU Electric and <br /> <br />TXU Gas and, specifically, a dispute with regard to the amount of franchise fees paid to the City by <br /> <br />TXU Electric and TXU Gas; <br /> <br />WHEREAS, the City and the TXU Defendants have compromised and settled all claims <br /> <br />asserted in the Litigation; <br /> <br />NOW, THEREFORE, in order to settle and finally resolve the causes of action asserted in <br /> <br />the Litigation and to fully and finally resolve all disputes and claims arising out of the calculation <br /> <br />and payment of franchise fees to the City by TXU Electric and TXU Gas prior to and through <br /> <br />December 31, 2001, for the mutual promises and covenants set forth in this Agreement, the adequacy <br /> <br />and sufficiency of which consideration is acknowledged, and, without the TXU Defendants having <br /> <br />admitted any of the validity of any allegations made in the Litigation, the City and the <br /> <br />TXU Defendants agree as follows: <br /> <br />1. AMENDMENTS TO THE ELECTRIC FRANCHISE ORDINANCE <br /> <br />As the result of electric industry restructuring, the electric franchise formerly held by <br /> <br />TXU Electric has been assigned to Oncor Electric Delivery Company ("Oncor"), accordingly, <br /> <br />effective January 1,2002, the City agrees to enter into and TXU Electric agrees to cause Oncor to <br /> <br />COMPROMISE. SETfLEMENT AND RELEASE AGREEMENT - Pal!e 1 <br />EXHIBIT A- <br />