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HomeMy WebLinkAbout89-2790RATE REDUCTION.- SPS ORDINANCE NO. 89-2790 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS, APPROVING A DECREASE IN THE RATES WHICH MAY BE CHARGED BY SOUTHWESTERN PUBLIC SERVICE IN THE-CITY OF PLAINVIEW, TEXAS, AND PROVIDING FOR AN EFFECTIVE DATE FOR SUCH RATES. WHEREAS, on April 19, 1989, the Public Utility. Commission of Texas approved an order reducing rates to be charged by Southwestern Public Service Company in Texas; and WHEREAS., such rate reduction would reduce rates to be charged in the City of Plainview; and. WHEREAS, the City of-Plainview finds that a decrease in rates in the amount hereafter set forth should be approved. NOW, THEREFORE, BE IT ORDAINED, by the City Council of the .City of Plainview, Texas: SECTION 1. That a decrease in the rates, tariffs and charges of Southwestern Public Service Company for electric power and energy sold within the City of Plainview be approved in an amount that as applied to cities served by the Texas retail 'system would decrease the annual operating revenues for said company in such cities by $2,930,000, based on annualized test year usage. SECTION 2. Southwestern Public Service Company is directed to file a schedule of Rates and Tariffs under which said Company shall be authorized to render electric service and tp collect charges from its customers that will recover rates and charges far the sale of electric power and energy wi hin the corporate limits of the City of Plainview that will allow said Company to recover the level of rates herein established until such time as said Rates and Tariffs might be changed, modified, amended or withdrawn.. SECTION 3. Southwestern Public Service. Company is .hereby authorized to place such rates into. effect on June 1, 1989. Said Company is further directed to calculate the difference between the rates. in effect an and after June 1, 1989, and the rates in .effect on July 8, 1988, and refund such difference to current customers through credits on bills rendered after July 17, 1989. SECTION 4. That the action of the City of Plainview enacting this Ordinance constitutes, on its effective date, a final determination „ of .'rates 'far Southwestern Public Service Company in accordance with Section 43 of the Public Utility Regulatory Act. 1 of 2 Passed and Approved this 23rd day of May, 1989. ~ ~ E.V. Ridlehuber, Mayor ATTEST: ~~~.. Carla Reese, City Secretary APPROVED AS TO CONTENT: es P. effers C' an er APPROVED AS TO FORM: .r-- _~ ti..~ - - David Blackburn, City Attorney 2 of 2