Res 1996-014 - Laserfiche WebLink

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'1bJ: Page 7 January 11, 1996 (f) To prescribe the form of accounts kept by each such utility; provided, that if the utility shall keep its accounts in accordance 'v'v'ith the uniform system of accounts for --- said utility' prescribed by the National Association of Railroad and Public Utility Commissioners, the Federal rO'NÐr Commission, the Federal Communications Commission, or the Railroad Commission of Texas, their successof, Of succcssors, this shall be deemed sufficient compliance 'vvith this paragraph. Sec. 11.08. Public utilities sen.-ice corporations to file annual reports. It shall.b~ the duty of the city council to pass an ordinance requiring each aH-public utility ser.-ice corporations operating within the corporate limits of the city to file a sworn annual report of the receipts from the operation of the utility said business for the current year, how expended, how much thereof for betterments or improvements, the rate of tolls or charges for services rendered to the public, and any other facts or information that the council may deem pertinent for its use in intelligently passing upon any questions that may arise between the city and the s-aiè public utility seNice corporations; the s-aiè reports to be filed with the city efeffl secretary, and preserved for the use of the city council. Such reports shall be reviewed annually by the council to determine the propriety of the rates being charged. These changes are to update and clarify current provisions, delete unnecessary detail, and provide uniform terminology ("public utility") throughout the Charter. 12. Amend Section 11.11 as follows: Sec. 11.11. Regulation of city owned utilities. The council has authority to supervise and regulate the operations of city owned utilities, including the following: (a) To establish the rates, terms and conditions for the sale of utilitY services. (b) To prescribe rules and standards for the construction, extension, maintenance and operation of production, transmission and distribution facilities. The Council may exercise this authority itself, or it may delegate all or part of the authority to a board of citizens to oversee one or more of the city's utilities.