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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: Originating Department: Presented By: Agenda Item No.: <br />1-17-2011 <br />Council Date: Finance Gene Anderson 15. <br />1-24-2011 <br />RECOMMENDED MOTION: <br />Motion to approve a resolution suspending Oncor Electric Delivery Company's requested rate increase for ninety <br />days. <br />POLICY ISSUE(S): <br />Fiscal management. <br />Oncar Electric Delivery Company filed an application on or about January LUl 1 Wliri Cliles rcLaiiiiiIg <br />original jurisdiction seeking to increase system-wide transmission and distribution rates by $353 million. <br />The Company asks the City to approve a 14.6% increase in residential rates, a 15.5% increase in <br />commercial rates, and a 25.9% increase in street lighting rates. According to Oncor, annual rates would <br />increase by approximately $60 for an average residential customer. <br />The resolution suspends the February 14, 2011 effective date of the Oncor's rate increase for the <br />maximum period permitted by law to allow the City, working in conjunction with the Steering <br />Committee of Cities Served by Oncor, to evaluate the filing, determine whether the filing complies with <br />law, and if lawful, to determine what further strategy, including settlement, to pursue. <br />The law provides that a rate request made by an electric utility cannot become effective until at least 35 <br />days following the filing of the application to change rates. The law permits the City to suspend the rate <br />change for 90 days after the date the rate change would otherwise be effective. If the City fails to take <br />some action regarding the filing before the effective date, Oncor's rate request is deemed <br />administratively approved. <br />BOARD/ COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />R esolution <br />ACTION: <br />BUDGET INFO: <br />Fj Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$NA <br />~ Presentation ❑ Ordinance <br />yTD Actual <br />$NA <br />~ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris <br />iCevtseu I.ivI+ivo <br />89 <br />