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05-A TXU Gas Rate Inc. Request
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05-A TXU Gas Rate Inc. Request
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Last modified
11/8/2005 11:21:12 AM
Creation date
7/10/2003 7:42:14 PM
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Template:
AGENDA
Item Number
5-A
AGENDA - Type
ORDINANCE
Description
Deny TXU Request for Rate Increase
AGENDA - Date
7/14/2003
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4. Revenue requirements should be reduced rather than increased. Cities have <br />provided consistent and more than fair rate relief to TXU over the past five years. This case <br />should be thoroughly reviewed at the Railroad Commission from the perspective that current <br />revenue requirements are excessive and that revenues should be reduced rather than increased by <br />$70 million as proposed by TXU. The proposed consolidations should result in cost savings, not <br />cost increases. <br /> <br /> 5. The TXU filing should be denied pursuant to agreement with the Company. <br /> <br />Cities and TXU have reached a procedural agreement for development of a thorough rate hearing <br />and consideration by the Railroad Commission. That agreement calls for TXU to extend <br />Commission jurisdiction from 185 days to 300 days in exchange for Cities taking prompt action <br />at the local level to allow perfection of all appeals before development of the case commences at <br />the Commission. <br /> <br />1668\09~9400~mmoO30703gmg <br /> <br /> <br />
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