Ord 09-28
Ord 09-28
CITY COMMISSION AGENDA 2
- Meeting Date:
- 08/05/2009
- Title:
- Approval of TNMP Settlement Agreement
- Submitted For:
- Ron Plackemeier
- Submitted By:
- Linda Jennings, City Attorney Office
- Department:
- City Attorney Office
ACTION REQUEST (Brief Summary)
REQUEST APPROVAL BY CITY COUNCIL OF ORDINANCE APPROVING A SETTLEMENT AGREEMENT BETWEEN THE TNMP CITIES AND TEXAS NEW MEXICO POWER COMPANY REGARDING THE COMPANY'S STATEMENT OF INTENT TO CHANGE ELECTRIC RATES IN ALL CITIES EXERCISING ORIGINAL JURISDICTION; DECLARING EXISTING RATES TO BE UNREASONABLE, ADOPTING TARIFFS THAT REFLECT RATE ADJUSTMENTS CONSISTENT WITH THE SETTLEMENT AGREEMENT AND FINDING THE RATES TO BE SET BY THE ATTACHED TARIFFS TO BE JUST AND REASONABLE.