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Ord 3745 11/4/1980 or ORDINANCE NO. J74 AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY TEXAS ELECTRIC SERVICE COMPANY IN THE CITY OF WICHITA FALLS, TEXAS, PROVID- ING 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FOR SUCH RATE SCHEDULES, AND PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN.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 May 15, 1980, Texas Electric Service Company filed with the City of Wichita Falls a request for an increase in rates to be charged within the City in the amount of approximately $122. 9 million per annum on a systemwide basis, an increase of approximately 17. 7% ; 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 an increase in rates should be approved. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS: SECTION 1. That an increase in the rates, tariffs and charges of Texas Electric Service Company for electric power and energy sold within the City be approved in an amount such that the adjusted total systemwide operating revenues for the Company be increased $23, 713 , 000 per annum. Such Schedule 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 be changed, modified, amended or with- . drawn, with the approval of the Board of Aldermen. SECTION 2. That Texas Electric Service Company shall, within 10 days from the final passage of this Ordinance, file with the City a revised Schedule of Rates and Tariffs consistent with the state and federal law setting forth those rates, tariffs and charges based upon an increase in total operating revenues as prescribed herein. Such Schedule of Rates and Tariffs may be modified or amended by the Board of Aldermen of the City of Wichita Falls within 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 the action of the Board of Aldermen of the City of Wichita Falls enacting this Ordinance constitutes, on the date of its passage, a final determination of rates for Texas Electric Service Company within the City of Wichita Falls 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 -2- to regulate the rates and charges of Texas Electric Service Company. SECTION 5. The continuation of electric service to the citizens, and the charging of fair and reasonable rates for such service constitute an emergency; this ordinance is an emergency measure which shall be effective on its passage. PASSED AND APPROVED this the 4th day of November, 1980. MAYOR ATTEST: /, ;; lc_J J City Clerk -3-