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05-L TXU Settlement
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05-L TXU Settlement
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Last modified
9/12/2012 9:31:39 AM
Creation date
8/9/2002 8:18:08 PM
Metadata
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Template:
AGENDA
Item Number
6-L
AGENDA - Type
RESOLUTION
Description
Compromise, Settlement, and Release Agreement - Denton, et al v. TXU, et al
AGENDA - Date
8/12/2002
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yeaz 2000 in the City in which TXU Electric did business in the aggregate amount of <br />i <br />$1,149,561,767.63 by a factor equal to 0.000869897. <br />C. The TXiJ Defendants agree and expressly represent that none of the amounts set <br />forth in paragraphs 3(B) and 4 shall be recovered from ratepayers pursuant to a tax <br />adjustment clause or by applying a surcharge to the monthly bills rendered to <br />ratepayers, or otherwise "passed thru" to ratepayer(s). <br />4. FEES AND EXPENSE REIMBURSEMENT <br />Upon execution and delivery of a fully executed and notarized original ofthis Agreement and <br />conditioned upon the dismissal of the Litigation with prejudice as provided by Pazagraph 5, the <br />TXiJ Defendants agree to pay and/or cause Oncor to pay the City, by payment to its attorneys, <br />Strasburger & Price, the sum of $14,651.42 the same being City's share of an aggregate sum of <br />exactly $915,000 which the TXU Defendants agreed to pay to the Plaintiffs to reimburse the <br />Plaintiffs for attomeys' fees and expenses incurred in the Litigation. <br />5. DISMISSAL OF THE LITIGATION <br />The parties recognize and agree that this settlement is a full settlement of all claims asserted <br />or which could have been asserted by the City against TXLJ Electric, TXU Gas and TXU Corp. in the <br />Litigation related to the calculation or payment of franchise fees prior to and through December 31, <br />2001 and the parties agree that, in connection with such settlement, they will jointly file with the <br />Court having jurisdiction of the Litigation appropriate pleadings in order to dismiss the Litigation <br />with prejudice as to the City, with the order of dismissal to provide that costs of court will be taxed <br />against the party incurring the same and be substantially in the form of the Agreed Order attached as <br />Exhibit C. <br />COMPROM[SE SETTLEMENTANDRELEASEAGREEMENT-PaeeS <br />
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