09171979 Special Meeting - Laserfiche WebLink

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I I I 44 ORDINANCZ 00. 39 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING RATE SCHEDULES TO BE CHARGED BY LOWER COLORADO RIVER AUTHORITY IN THE CITY OF SAN MARCOS, TEXAS, PROVIDING FOR AN EFFECTIVE DATE FOR SUCH RATE SCHEDULES, AND PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN. WHEREAS, on March 21, 1979, Lower Colorado River Authority filed with the City of San Marcos a request for an increase in retail electric rates to be charged within the City in the amount of approximately $1,981,250 per annum on a system-wide basis and; WHEREAS, the City having suspended the effective date of such proposed rate increase, and having considered the same at a public hearing, is of the opinion and finds that a decrease in rates should be ordered; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That a decrease in the rates, tariffs and charges of Lower Colorado River Authority (tlLCRAtI) for electric power and energy sold within the City be ordered in an amount such that the adjusted total system-wide retail operating revenues for LCRA be decreased $875,233 per annum. Such Schedule of Rates, as are approved in accordance herewith, are those under which LCRA 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within the corporate limits of the City until such time as said Rate Schedules may be changed, modified, amended or withdrawn, with the approval of the City Counc il . SECTION 2. That LCRA shall, within ten (10) days Mrom the final passage of this Ordinance, file with the City a revised Schedule of Rates and Tariffs setting forth those rates, tariffs and charges based upon a decrease in total operating revenues as prescribed herein. Such Schedule of Rates and Tariffs may be modified or amended by the City Council of the City of .San Marcos within twenty (20) days from the final passage of this Ordinance, otherwise, same shall be considered approved as filed. Such Schedule of Rates and Tariffs, as same may be modified or amended, shall be effective from and after final passage of this Ordinance and shall apply to all power and energy used by each customer after the final passage of this Ordinance. SECTION 3. That this Ordinance shall be effective from and after its final passage and the action of the City Council of the City of San Marcos enacting this Ordinance constitutes, on the date of its final passage, a final determination of rates for LCRA within the City of San Marcos 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, services and charges of LCRA. PASSED AND APPROVED on first reading August 28, 1979 PASSED AND APPROVED on second reading September 10, 1979 PASSED, APPROVED AND ADOPTED September 17, 1979