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HomeMy WebLinkAboutRES 061422-H - Deny Oncor Proposed RateRESOLUTION NO. NO I y ZZ - i� A RESOLUTION OF THE CITY OF GEORGETOWN, TEXAS DENYING THE PROPOSED CHANGE IN RATES OF ONCOR ELECTRIC DELIVERY COMPANY LLC; FINDING THAT THE MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Georgetown Texas ("City") is a regulatory authority with an interest in the rates and charges of Oncor Electric Delivery Company LLC ("Oncor" or "Company; and WHEREAS, on or about May 13, 2022, Oncor fled with the Commission its Statement of Intent to increase its revenues by approximately $251 million, which equates to a net increase of approximately 4.5% in Oncor's overall revenue; and WHEREAS, all electric utility customers residing in the City will be affected by this ratemaking proceeding if it is granted; and WHEREAS, Public Utility Regulatory Act § 33.023 provides that costs incurred by Cities in ratemaking proceedings are to be reimbursed by the regulated utility. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS: SECTION 1. That the change of rates proposed by Oncor for customers located within the City limits, are hereby found to be unreasonable and shall be denied. SECTION 2. That the Company shall continue to charge its existing rates to customers within the City. SECTION 3. That the City's reasonable rate case expenses shall be reimbursed in full by Oncor within 30 days of the adoption of this Resolution. SECTION 4. That it is hereby officially found and determined that the meeting at which this Resolution is passed is open to the public as required by law and the public notice of the time, place, and purpose of said meeting was given as required. SECTION 5. That a copy of this Resolution shall be sent to J. Michael Sherburne, 1616 Woodall Rodgers Freeway, Dallas, Texas 75202. 1669/52/8041053 PASSED AND APPROVED this Wk day of Jv-.2022. KeAm Pitts, Mayor Pro Tern ATTEST: Robyn De smore, City Secretary APPROVED AS TO FORM: Skye NGsson, tity Attorney 1669/52/8041053