0123B
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ORDINANCE NO. 123-B
AN ORDINANCE AMENDING ORDINANCE NO. 123
WHEREIN THE TRI-COUNTY ELECTRIC COOPERA-
TIVE IS SUBJECT TO REGULATION BY THE CITY
OF SOUTHLAKE AND ITS SCHEDULE OF RATES IS
INCREASED BY EIGHT PER CENT ACROSS THE
BOARD; AND FURTHER THAT ITS PAYMENT TO THE
CITY OF SOUTHLAKE IN THE FORM OF A TAX BASED
ON ITS GROSS REVENUE IS INCREASED BY ONE PER
CENT.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS
SECTION 1. That the Tri-County Electric Cooperative Rate
Schedules shall be increased by eight per cent (8%) across the
board as per the attached Exhibit A and the approval of same
by the City Council shall constitute notice to the consumers
of electricity within the City of the availability and appli-
cation of such increase of Rates.
SECTION 2. Section 5 of Ordinance No. 123 is hereby amended
wherein semi-annual payments are made to the City of Southlake
in an amount equivalent to two (2%) per cent of gross receipts
received by the Cooperative is now raised to three (3%) of its
gross receipts.
SECTION 3. Such-increases set forth in Section 1 and Section
2 sha ecome effective and shall be in full force and effec-
tive March 1, 1974, and shall apply to all bills rendered after
February 28, 1974.
PASSED AND APPROVED this 5th day of February, 1974.
X_CL;~ i
J'~'
Mayor
ATTEST:
City Secretary
EFFECT OF PROPOSED INCREASE
Single Family Dwelling
Residential Rate A-1
8%
Monthly KWH - 250 Present Rate Proposed Increase
Monthly Cost $8.48 $9.16 $0.68
Daily Cost (30 days) 0.022
Monthly KWH - 500
Monthly Cost 13.23 14.28 1.05
Daily Cost (30 days) 0.035
Monthly KWH - 833
Monthly Cost 18.86 20.35 1.49
Daily Cost (30 days) 0.049
Monthly KWH - 1000
Monthly Cost 21.57 23.27 1.70
Daily Cost (30 days) 0.056
Monthly KWH - 1166
Monthly Cost 24.27 26.17 1.90
Daily Cost (30 days) 0.063
Monthly KWH - 1333
Monthly Cost 26.99 29.10 2.11
Daily Cost (30 days) 0.070 '
Monthly KWH - 1500
Monthly Cost 29.52 31.82 2.30
Daily Cost (30 days) 0.076
All other rate schedules have been increased by 8%. The 8% is added to each
step of the schedules.
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