Item 7MItem 7M
Ordinance No. 903
Amend Existing Franchise Ordinance Between the City of Southlake and TXU Electric Delivery Company
Agreement to Resolve Outstanding Franchise Issues
TXU Steering Committee and TXU agreement dated January 27, 2006
TXU required to amend existing franchise ordinance between TXU and Cities
Revision of Payment Frequency
November, 2006 final annual payment for basis period ending 08/31/2006
February 1, 2007 1st Quarterly payment due date for basis period ending 11/30/2006
Extension of Term
Agreement term is extended to 5 additional years
Expiring October 31, 2011
Questions?