1977-010RESOLUTION 77- 10
CITY OF SOUTHLAKE, TEXAS
WHEREAS, the City Council of Southlake, Texas has had numerous
complaints concerning rates being charged by Tri -County Electric Cooperative
and particularly the "fuel adjustment charge"; and,
WHEREAS, additional complaints were received by the said Council at the
regular March 15, 1977 City Council meeting; and,
WHEREAS, the said City Council deems it in the best interest of the city
and its citizens that a rate hearing be conducted in connection with such
matters;
NOW THEREFORE, BE IT RESOLVED by the City of Southlake, Texas, that the
City Attorney of the City of Southlake, Texas be authorized to make proper
notice to Tri -County Electric Cooperative that the City Council of the City of
Southlake, Texas intends to commence a rate hearing at its regular City Council
meeting June 21, 1977; that the said City Attorney notify the said utility
company to furnish such rate information as applicable for such a hearing
both in connection with the basic rate and the "fuel adjustment charge"; it
being the purpose of the City Council of Southlake, Texas to consider both
what a fair and reasonable return would be in connection with the utility
company's investment as well as continuation of the procedure of the
automatic monthly "fuel adjustment charge".
ADOPTED AND APPROVED this 15th day of March, 1977.'
Mayor
ATTEST:
City Secretary
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