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Ordinance No. 7,260950323 -1 JitDINANCE NO. 7260 AN ORDINANCE APPROVING A STIPULATION AND AGREEMENT RELATING TO THE RATES OF HOUSTON LIGHTING AND POWER COMPANY; DETERMINING JUST AND REASONABLE RATES TO BE OBSERVED AND IN FORCE WITHIN THE CITY OF BAYTOWN; ORDERING RATE REDUCTIONS AND CREDITS TO RATEPAYERS' BILLS; FIXING THE RATES THAT SHALL CONSTITUTE THE LEGAL RATES OF HOUSTON LIGHTING AND POWER COMPANY UNTIL CHANGED AS PROVIDED BY THE PUBLIC UTILITY REGULATORY ACT; PROVIDING FOR THE FILING OF RATE SCHEDULES AND TARIFFS AND THE APPROVAL OR MODIFICATION OF SAME; PROVIDING FOR THE REPEAL OF CONFLICTING ORDINANCES; CONTAINING FINDINGS AND OTHER PROVISIONS RELATING TO THE FOREGOING SUBJECT; PROVIDING FOR SEVERABILITY; DECLARING AN EMERGENCY; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, The City of Baytown ( "City") and various municipalities comprising the Coalition of Cities ( "Coalition ") in their respective capacity as regulatory authorities of Houston Lighting and Power Company ( "HL &P"), as listed on Exhibit "A," have or will have intervened in Docket No. 12065, Complaint of Kenneth D. Williams against Houston Lighting and PowerComyany, and Docket No. 13126, Inquiry of the General Counsel into the Operation and Management of the South Texas Nuclear Project, currently pending before the Public Utility Commission ( "Commission "); and WHEREAS, the City and the Coalition have initiated or will initiate local Section 42 Rate Proceedings that are to be appealed to the Commission and consolidated with Docket No. 12065; and WHEREAS, the City and the other members of the Coalition and HL &P desire to resolve the controversies made the basis of Docket No. 12065 and Docket No. 13126, including South Texas Nuclear Plant ("STP") outages addressed in that docket, to the extent of HL &P's involvement therein and the municipalities' respective local Section 42 proceedings in accordance with the provisions of the Stipulation and Agreement attached hereto as Exhibit "B" ( "Stipulation "); and WHEREAS, the public interest will be served by the adoption of an ordinance approving the Stipulation because it provides for • expeditious implementation of just and reasonable rates, promotes the adequate and efficient provision of service and is in accordance with applicable law; and 950323 -1a • WHEREAS, resolution on a stipulated basis of all the matters set forth therein would conserve resources, avoid the uncertainties inherent in further litigation, and minimize rate case expenses, both in these cases and in the future; NOW THEREFORE, • BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: The facts contained in the recitals hereto are hereby found to be true and correct. Further, the City Council finds that the existing rates of HL &P, after reasonable notice and hearing, are unreasonable and shall be decreased to reflect the reductions and credits hereinafter ordered. The rates resulting from such reductions and credits are hereby determined to be just and reasonable rates to be observed and in force within the City. Section 2: All terms and conditions specified in the Stipulation are further hereby incorporated by reference as though set forth verbatim herein and are hereby approved and ratified, including without limitation, the provisions contained and specifically set forth hereinbelow. The Mayor, or in the absence of the Mayor, the Mayor Pro Tempore, is hereby authorized to execute all related documents on behalf of the City of Baytown, and to take all actions necessary to effectuate the City's intent and objectives in approving the Stipulation in the event of changed circumstances. The City Clerk, or in the absence of the City Clerk, the Deputy City Clerk, is hereby authorized to attest to all such signatures and to affix the seal of the City to all such documents. The City Attorney is hereby authorized to take all action necessary to enforce all legal obligations under the Stipulation without further authorization from the City Council. Section 3: It is hereby ordered that HL &P shall decrease the base rates it charges for electric and energy sold within the City by the amount of $62.2 million annually, effective January 1, 1995. Section 4: It is further ordered that HL &P is prohibited from increasing its base rates from January 1, 1995, through December 31, 1997, subject to exceptions for the occurrence of certain force majeure events as specified in the Stipulation. 2 L� 950323 -1b Section 5: It is hereby ordered that HL &P's fuel factor be reduced by $199.5 million annually. It is further ordered that HL &P's power cost recovery factor be further reduced by $173 million annually. Section 6: It is hereby ordered that HL &P's ratepayers within the corporate limits of the City receive a one -time bill credit of $70 million related to fuel reconciliation issues. It is further ordered that HL &P ratepayers receive a one -time bill credit of $108 million related to fuel cost overcollection. Section 7: It is hereby ordered that HL &P file with the Director of Finance and with the City Clerk, rate schedules and tariffs consistent herewith within thirty (30) days of the effective date hereof. Section 8: All prior ordinances of the City inconsistent with the terms and conditions hereof are hereby repealed to the extent of the inconsistency and are of no further effect. Section 9: If any provision, section, subsection, sentence, clause or phrase of this ordinance or the application of same to any person or set of circumstances is for any reason held to be unconstitutional, void, or invalid, the validity of the remaining portions of this ordinance or their application to other persons or sets of circumstances shall not be affected thereby, it being the intent of the City Council in adopting this ordinance that no portion hereof or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionality, voidness, or invalidity of any other portion hereof, and all provisions of this ordinance are declared to be severable for that purpose. Section 10: The City Council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place, and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City of Baytown for the time required by law preceding this meeting, as required by the Open Meetings Law, Tex. Gov't. Code Ann., ch. 551 (Vernon 1994); and that this meeting was open to the • public as required by law at all times during which this ordinance 3 U • 950323 -1c • and the subject matter thereof was discussed, considered, and formally acted upon. The City Council further ratifies, approves, and confirms such written notice and the contents and posting thereof. Section 11: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 23rd day of March, 1995. ATTEST: EILEEN P. ILALL, City Clerk APPROVED AS TO FORM: 4-'Z-'z &-�7 'q'/ JGI�ACIO RAMIREZ, City Attorney c: \shared \hl &prate.ord Il PETE C. ALF O, Mayor Ll 0 COMPLAINT OF KENNETH D WILLIAMS AGAINST HOUSTON LIGHTING & POWER COMPANY FEBRUARY 21, 1995 DOCKET NO. 12065 EXHIBIT A PUBLIC UTILITY COMMISSION OF TEXAS 0 r: L' TABLE 0EQ)NTENTS Page ARTICLE I. Definitions ......... ............................... 3 ARTICLE II. Resolution of Docket No. 12065 ......................... 4 ARTICLE III. Resolution of Issues In Docket No. 13126 and Other Dockets.......... ............................... 5 ARTICLE IV. Stipulated Rate and Tariff Changes ....................... 6 ARTICLE V. Calculation of AFUDC 14 ARTICLE VI. Rate Cap Period ..... ............................... 14 ARTICLE VII. Fuel Reconciliation ... ............................... 18 ARTICLE VIII. Fuel Factors, PCRF and HB -11 Factor ..................... 20 ARTICLE IX. Trinity Mine Investments and Malakoff Electric Generating Station Investments ..................... 21 ARTICLE X. STP Deferrals ...... ............................... 22 ARTICLE XI. South Texas Project Performance Standards .................. 25 ARTICLE XII. Reduction of STP Investments ........................... 26 ARTICLE XIII. Accounting Issues ......... . ........................ 26 ARTICLE XIV . Share and Other Low Income Programs .................... 28 ARTICLE XV. Demand Side Management Programs ...................... 31 ARTICLE XVI. Additional Tariff Matters and Studies ...................... 33 ARTICLE XVIL Municipal Rate Case Expenses .......................... 34 ARTICLE XVIII. Pending Appeals ................................... 36 ARTICLE XIX. Disclosure Agreement ......... . . .. I .................. 38 HOUO3:98046