Loading...
HomeMy WebLinkAbout78-2270 ordORDINANCE NO. 78-2270 AN ORDINANCE APPROVING RATE SCHEDULES TO BE CHARGED BY SOUTHWESTERN PUBLIC SERVICE COMPanY IN THE CITY OF PLAINVIEW, TEXAS, PROVIDING FOR ~ EFFECTIVE DATE FOR SUCH RATE SCHEDULES, AND PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN. WHEREAS, on May 12, 1978, Southwestern Public Service Company filed with the City of Plainview a request for an increase in rates to be charged within the City in the amount of approximately $22 million per annum on a systemwide basis, and WHEREAS, the City, having suspended the effective date of such proposed rate increase by adoption of Resolution No. R78-103, adopted May 23, 1978, is of the opinion and finds that an increase in rates should be approved, and WHEREAS, pursuann to ~41(c) (1) of the Public Utility Regulatory Act, it is hereby found that payments to the Company's subsidiary for fuel as paid by the City of Plainview consumers through the fuel cost adjustment, are excessive and should be deleted from the Company's cost of service to the extent of such excessiveness. Therefore, all profits of the Company's fuel subsidiary, TUCO, in excess of the necessary to acheive a return to equity during the test year of 13.2~ have been deleted from the Company's allowable cost of service. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS: SECTION 1: That an increase in the rates, tariffs and charges of Southwestern Public 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 $4,208,964.00 per annum, based on the adjusted test year ending December 31, 1977. Such Schedule for 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within the corporate limits of the City until such time as said Rate Schedules may be changed, modified, amended or withdrawn, with the approval of the City Council. SECTION 2: That Southwestern Public Service Company shall, within ~0 days from 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 an increase in total operating ~revenues as prescribed herein. Provided, however, that such rates, tariffs and charges shall contain no provision allowing automatic increases in fuel costs. Such schedule of Rates and Tariffs may be modified or amended by the City Council of the City of Plainview 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 City Council of the City of Plainview enacting this Ordinance constitutes, on the date of its final passage, a final determination of rates for Southwestern Public Service Company within the City of Plainview in accordance with Section 43(e) of the Public UtilJ_ty 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 and charges of Southwestern Public Service Company. SEVERANCE CLAUSE: That should any section, paragraph, sentence, clause, phrase or work of this ordinance be declared unconstitutional or invalid for any reason, the remainder of this ordinance shall not be affected thereby. That the City Secretary is hereby authorized to cause publication accordance wi the City of AND IT I OF PLAINVIEW: That on Ordinance No. introduced on That on Browning , Or the City Coun day of Oct f this ordinance in the Plainview Daily Herald in th Article 13, Section 101 of the City Charter of lainview. THEREFORE ORDAINED BY 9~HE CITY COUNCIL OF THE CITY motion by Tom Almon , seconded by Bill SoRelle , 78-2270 was read in full and adopted this date and first reading this the 26th day of September, 1978. motion by Bill SoRell~ , seconded by Jeane dinance No. 78-2270 was read by caption and adopted by ~il on the second and final reading this the 10th ober , 1978. ATTEST: M. L. REA, City Clerk ~J ~ -ROBERT 'WAYLAN~, Mayor 8