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HomeMy WebLinkAbout020691 ORD - 06/13/1989AN ORDINANCL APPROVING RATE SCHEDULES TO BE CHARGED BY CENTRAL POWER AND LIGHT COMPANY IN THE CITY OF CORPUS CHRISTI, TEXAS, PROVIDING FOR SCHEDULES, CONDITIONS, SEVEkABILITY, AND REPEAL OF CONFLICTING ORDINANCES. WHEREAS, on February 15, 1989, Central Power and Light Company ("CPL or "Company") filed with the City of Corpus Christi a request for an increase in electric utility rates to be charged within the city in the amount of $157,554,732 per annum on a total Company basis, representing the first year of a nine-year phase-ir plan, or the equivalent of an ap, r;: motel} n annual increase on a traditional, one time basis, and; WHEREAS, the City, having suspended the effective date of such proposed increase from March 22, 1989, and having considered the same at a public hearing, is of the opinion and finds that the rates of CPL should be adjusted; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY CF CORPUS CHRISTI, TEXAS: SECTION 1. That the rates, tariffs, and charges of CPL for electric power and energy sold within the City be revised to increase annual revenues by $81,374,950 on a total Company basis. Further. the araour.t of $65,609,798 representing past overpayments of fiarchile iindunprotected excess deferred taxes shall be amortized through a refund, plus interest, to ratepayers over a three year period. Accordingly, the net first year increase to ratepayers shall be $59,505,017 per annum. Such Schedules of Rates, as are approved in accordance herewith, are those under which said Company shall be authorized to render electric service and to collect charges from its customers for the sale of electric power and energy within the corporate limits of the City until such time as said Rate Schedules may oe chanced, modified, amended, or withdrawn, with thc approvLi u•° the City Council. SECTION 2. That CPL shall file with the City a revised Schedule of Rates and Tariffs setting forth those rates, tariffs, and charges based upon such increase in total operating revenues as prescribed herein. The rate design implemented by such schedules and tariffs shall be in accord with the rate design filed by CPL. Such Schedule of Rates and Tariffs may be modified or amended by the City Council within ten (10) days from the Gate of filing with the City, otherwise the same shall be consideree approved as filed. Provided, however, notwithstanding any other provisions herein contained, the rate pic.riced for herein shall not be effective prior to the effective date of the rate increase ordered by the Public Utility Commission of Texas in Docket 8646 and no rate of CPL within the City of Corpus Christi shall, in any case, exceed the corresponding rate of customers of CPL in unincorporated areas whether such rate for unincorporated areas are set prior to or after the adoption of this ordinance and it shall be unlawful for CPL, its agerts, 2083B103.ord MICROFILMED) servants or employees to collect or attempt to collect ary higher rate within :no of Corpus Christi than is collected by CPL within unincorporated areas. `.LL1:Ld, That the action of the City Council of the City of Corpus Christi enacting this Ordinance constitutes, on the date of its final passage, a final determination of rates for CPL within the City of Corpus Christi in accordance with Section 43(e) of the Public Utility Regulatory Act. SECTION 4. Nothing in this Ordinance contained shall be construed now or hereafter as limiting or modifying, in any manner, the right and power of the City under the law to regulate the rates and charges of CPL. SECTION 5. That all Ordinance, Resolutions, or parts thereof, in conflict herewith are repealed tc tLe e;,tcnL ul cr:.fl1ct 208JBICS.crc That the foregoing ordinance was read for the first time and passed to its second reading on this the day of l , 19 , by the following vote: Betty N. Turner David Berlanga, Sr. Leo Guerrero Tom Hunt Edward A. Martin Joe McComb Clif Moss Mary Rhodes Frank Schwing, Jr. That the foregoing ordinance /was read for third reading on this the (,' day of following vote: Betty N. Turner David Berlanga, Sr. Leo Guerrero (2( / Tom Hunt t J the second time and passed to its 19 , by the Edward A. Martin Joe McComb Clif Moss Mary Rhodes Frank Schwing, Jr. 11( That the foregoing ordinance was read for the third time and passed finally on this the / 2) day of ( , 19(` ' , by the following vote: et et Betty N. Turner David Berlanga, Sr. /k( Leo Guerrero ;P(i Tom Hunt r ( tt) Edward A. Martin Joe McComb Clif Moss Mary Rhodes Frank Schwing, Jr. '1( ). I PASSED AND APPROVED, this the day of Ii, , 19 ATTEST: City Secretary APPROVED: a.6 DAY OF fel HAL GEORGE, CITY ATTORNEY , 19 SI: ant City Attgf]ney 99.044.01 (d.( /L r i t ,r i MAYOR THE CITY OF CORPUS CHRISTI, TEXAS v au) al >,s v 0 al 0)+-, W C U) .-r C - > al = >, .-r C C -.i -+ En H • 300sL W(-0 a mal W -0)0S. 0 H H'0 6 6i3r4 cv O ,C -I-2 9-I nryl(1) 0 Ntl al 0 W C O `) r0 +) -r-1 0) ,O o X N O) 0) n. to .0 C 1.00 W b Sr 0 --4 .k x 00 7, -,+ 0 .0 0 al O C.(1) W-03.-,-0 W (1) 0 S. -.. 0) A 0) 01 0 i-( 0 0 S-. -C'0P^, 4;N •"+ .4 al V 4 N L 0 O In Ca >, H -' -P O C) 0)) x al •.-i ---• al p:19 •r'+ - C .0 U1 - - O .c N a 1. 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O -P 05 0 0) - W cri pi 0 a al .0 W fC al C J A- 14 O 00 S�A+>E-. alAO+4 OC) -O 0 e CO 10 X June, 1989 NOTICE OF PASSAGE OF ORDINANCE NO. 20691 APPROVING RATE SCHED- ULES TO BE CHARGED BY CENTRAL POWER AND LIC'HT COMPANY IN THE CITY OF CORPUS CHRISTI, TEXAS, PROVIDING FOR SCHEDULES, CONDITIONS SEVERAB!L ID AND REPEAL OF CONFLICTING ORDINANCES. Was passed and approved on third read63 by the Cay COuUCIL of the City of Corpus Christ, Texas on the 13th day of June, 1989 and the full text of said ordinance Is avalL? Noble to the public 111 the Office Cary > rY City of Corpus