Res 082-99 7/20/1999M
RESOLUTION NO. nc G�
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA
FALLS, TEXAS, RATIFYING THE WORK OF CITIES' STEERING
COMMITTEE IN PUC DOCKET NO. 20285 AND APPROVING
SETTLEMENT OF TEXAS UTILITIES ELECTRIC COMPANY'S FUEL
RECONCILIATION PROCEEDING FOR REFUNDS OF $52 MILLION
AND CERTAIN ACCOUNTING CHANGES THAT WILL BENEFIT
FUTURE RATEPAYERS; FINDING AND DETERMINING THAT THE
MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN
TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, Texas Utilities Electric Company (TXU Electric) did on
December 30, 1998, file an application with the Public Utility Commission of Texas
(PUC) to reconcile previously collected fuel costs from the period July 1, 1995 through
June 30, 1998; and,
WHEREAS, the City of Wichita Falls passed a resolution to intervene with other
cities served by TXU Electric in PUC Docket No. 20285 to ensure that any
unreasonable fuel costs previously collected from ratepayers were refunded; and,
WHEREAS, the consultants and attorneys retained by the Cities' Steering
Committee aggressively pursued certain issues where TXU Electric's practices and fuel
expenses were believed to be unreasonable; and,
WHEREAS, all parties to Docket No. 20285 have reached a unanimous
agreement that upon approval of a Stipulation and entry of an Order by the PUC
approving revised tariffs, TXU Electric will refund $52 million to ratepayers and make
certain accounting changes that will benefit future ratepayers.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The City of Wichita Falls ratifies the work of the Cities' Steering
Committee in PUC Docket No. 20285 and authorizes and approves settlement of TXU
Electric's fuel reconciliation proceeding for refunds of $52 million and certain accounting
changes that will benefit future ratepayers.
SECTION 2. It is hereby officially found and determined that the meeting at
which this resolution was passed was open to the public as required by law.
PASSED AND APPROVED this the 20th day of July, 1999.
1
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ATTEST:
City Clerk