0123C
ORDINANCE No. 123-C
AN ORDINANCE LIMITING THE "ADJUSTMENT CHARGE"
OF TRI-COUNTY ELECTRIC COOPERATIVE,INC. FOR A
LIMITED PERIOD BY AMENDING ORDINANCE 123-A.
WHEREAS, written notice was given to Tri-County Electric Cooperative,Inc.
by Resolution 77-10 of the City of Southlake, Texas adopted March 15, 1977
to the effect that the City intended to commence a rate hearing at its regular
City Council meeting June 21, 1977; and,
WHEREAS, public hearings have been conducted since such date and the
City Council of the City of Southlake, Texas has reviewed all information
received from the public as well as representatives of Tri-County Electric
Cooperative,Inc.; and,
WHEREAS, the City Council of the City of Southlake, Texas finds that over
a period of time the "Adjustment Charge" has been in effect in the City of
Southlake, Texas, the overall average rate charged by Tri-County Electric
Cooperative,Inc. has abnormally increased due to the "Adjustment Charge"; and,
WHEREAS, the City Council further finds that a reasonable method of regulating
a "Adjustment Charge" does not presently exist, and such fact has and presently
results in excessive rate charges by Tri-County Electric Cooperative,Inc.; and,
WHEREAS, the City Council finds that an interim control on said "adjustment
charge" is in the best interest of the citizens of Southlake, Texas and would
not result in an unfair rate of return to Tri-County Electric Cooperative,Inc.;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS:
SECTION 1: That effective with the next billing by Tri-County Electric
Cooperative,Inc. after the date of this ordinance, any "Adjustment Charge"
or as sometimes referred to as "Fuel Adjustment Charge" shall only be allowed
as set forth in Exhibit "A" attached hereto and incorporated in this ordinance
as a part hereof, for a period of 12 months from the date of this ordinance.
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EXHIBIT "A"
to
ORDINANCE 123-C
The "Adjustment Charge" shall be computed by taking a sum
equal to the average monthly sum used by Tri-County over
the billing period of August 1975 through July 1977.
The "applicable sum" means the monthly cost adjustment sum
as specified in the adjustment charge clause of Ordinance
123-A of the City of Southlake, Texas, and as used by Tri-
County, to be divided by the total KWH sold as a part of
computing the adjustment charge to the customer.