05-D TXU Settlement Agreement - Laserfiche WebLink

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DRAFT F:ALICEIRESWORK\CURRENT\ TXU Settlement Res 2005 March 9, 2005 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, ACCEPTING A SETTLEMENT AGREEMENT WITH TXU ELECTRIC DELIVERY AS RECOMMENDED BY THE STEERING COMMITTEE OF CITIES SERVED BY TXU; MAKING OTHER FINDINGS AND PROVISIONS RELA TED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris, Texas, is a member of the Steering Committee of Cities served by TXU (Steering Committee); and, WHEREAS, the Steering Committee did encourage certain member cities to initiate show cause rate proceedings against TXU; and, WHEREAS, TXU Electric Delivery and the Steering Committee engaged in settlement discussions regarding abatement of any full-scale rate investigation and interim relief that may be available to Cities; and, WHEREAS, it remains impractical, if not impossible, to deliver rate relief to the vast majority of residential customers until the expiration of price to beat (PTB) on January 1, 2007; and, WHEREAS, the unfair and adverse impacts of street lighting and water pumping tariffs that Cities have experienced since the implementation of retail deregulation on January 1, 2002, can be addressed on an interim basis pending a final order in a future rate case through a financial distribution from the Steering Committee of funds received from TXU Electric Delivery as part of a Settlement; and WHEREAS, such interim relief is coupled with the Steering Committee's recognition that resources should be devoted to the 2005 Legislative Session to promote overall enhancements in electric retail competition for the benefit of all end-users; and, WHEREAS, the Steering Committee and TXU Electric Delivery have entered into a Settlement Agreement pending approval by the 20 Cities that passed show-cause resolutions and ratification by other member cities with original jurisdiction; and, WHEREAS, TXU Electric Delivery has agreed to improve communication, coordination and timing of construction in rights-of-way, permit development of a tariff that will allow city mandated underground placement of distribution facilities, modify certain franchise renewal negotiation positions, and improve meter reading on certain city accounts that are estimated; and, WHEREAS, TXU Electric Delivery has committed to the Steering Committee during the period of rate case abatement to share information on certain company operations and procedures that should