Item 4E
Resolution 17-021, Suspending the April 21, 2017, effective date of Oncor Electric Delivery Company’s requested rate change
Item 4E
Good evening Mayor and members of the City Council. I am presenting item 4E Resolution 17-021.
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Requested Action
City Council approval
Suspend Oncor requested rate change
$317 Million
11.8% resident rate increase
The purpose of this item is to seek Council approval of Resolution No. 17-02 to suspend the April 21, 2017 effective date of Oncor’s requested rate change. The increase equates to
a $317 million dollar rise in Oncor’s service revenue. The impact to residential rates is 11.8% and street lighting will increase a half percent. Should no action be taken to suspend
the effective date of the increase, it will be considered approved and a residential customer using 1000 kwh per month will see an additional $6.68 on their monthly electric bill. Approving
the suspension will permit the City time to study the request and establish reasonable rates in coordination with the Steering Committee of Cities Served by Oncor.
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City of Southlake Strategy Map
The City of Southlake provides municipal services that support the highest quality of life for our residents, businesses, and visitors. We do this by being an exemplary model of balancing
efficiency, fiscal responsibility, transparency, and sustainability.
C1 Achieve the highest standards of safety & security
C2 Provide travel convenience within City & region
C4 Attract & keep top-tier businesses to drive a dynamic & sustainable economic environment
Serve our Customers
Manage the Business
B1 Achieve best-in-class status in all City disciplines
B2 Collaborate with select partners to implement service solutions
B3 Enhance resident quality of life & business vitality through tourism
B4 Provide high quality services through sustainable business practices
B5 Enhance service delivery through continual process improvement
B6 Optimize use of technology
Provide Financial Stewardship
Promote Learning and Growth
F1 Adhere to financial management principles & budget
F2 Invest to provide & maintain high quality public assets
F3 Achieve fiscal wellness standards
F4 Establish & maintain effective internal controls
L1 Ensure our people understand the strategy & how they contribute to it
L2 Enhance leadership capabilities to deliver results
L3 Attract, develop & retain a skilled workforce
L4 Recognize & reward high performers
L5 Empower informed decision-making at all levels in the organization
C6 Enhance the sense of
community by providing excellent customer service and citizen engagement opportunities
L6 Foster positive employee engagement
Deliver on Our Focus Areas
C5 Promote opportunities for partnerships & volunteer involvement
C3 Provide attractive & unique spaces for enjoyment of personal interests
Our membership with the Steering Committee and the group’s evaluation of the proposed rates aligns this item with the Southlake Strategic Objective B2 Collaborate with select partners
to implement service solutions.
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Questions?
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Thank you for your consideration of this recommendation. I am available for questions.