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R-08-07-10-10A1 - 7/10/2008RESOLUTION NO. R -08-07-10-10A 1 A RESOLUTION OF THE CITY COUNCIL OF ROUND ROCK, TEXAS AUTHORIZING THE SUSPENSION OF PROPOSED RATES AND THE INTERVENTION IN THE PUBLIC UTILITY COMMISSION PROCEEDING INVOLVING THE REQUEST TO INCREASE ELECTRIC RATES OF ONCOR ELECTRIC DELIVERY COMPANY; AUTHORIZING PARTICIPATION IN A COALITION OF MUNICIPALITIES KNOWN AS THE ALLIANCE OF TXU/ONCOR CUSTOMERS ("ATOC"); PROVIDING FOR THE RETENTION OF EXPERTS; FINDING THAT THE MEETING COMPLIES WITH THE OPEN MEETINGS ACT; SUCH OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on June 27, 2008 Oncor Electric Delivery Company ("Oncor") filed a request to increase its transmission and distribution rates by more than $275 million; and WHEREAS, under the Public Utility Regulatory Act § 36.108 a municipality may suspend the effective date for adoption of the request for a change in rates; and WHEREAS, in June 2008 four retail electric providers ("REPs") have gone out of business, forcing thousands of electric customers to purchase electricity at prices which are unheard of in the United States; and WHEREAS, the Oncor rate increase request is being filed at a time when the Public Utility Commission of Texas is considering requests for over $5 billion in new transmission projects. A large portion of the costs for these projects will be borne by customers located within the municipalities served by Oncor; and WHEREAS, the general rate increase being requested by Oncor is in addition to the surcharge being sought for advanced metering services; and 0:\WDOX\RESOLUTI\R80710A1.DOC/rmc WHEREAS, the Oncor rate increase requires the specialized expertise of lawyers and experts who concentrate on analyzing utility rate requests; and WHEREAS, the coalition known as the Alliance of TXU/Oncor Customers ("ATOC") was active at the Public Utility Commission of Texas in the Oncor 2007 rate request proceeding and in the proceeding involving the acquisition of TXU Electric Distribution Company by Texas Entergy Future Holdings; and WHEREAS, participation in ATOC will benefit electric customers within our municipality by helping insure that Oncor rates are just and reasonable; Now therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS THAT: Section 1. The findings set out in the preamble to this resolution are in all things approved and adopted. Section 2. That the City is authorized to join with other municipalities, public entities and commercial customers in order to participate in the Alliance of TXU/Oncor Customers ("ATOC"), to form a steering committee to provide direction and guidance to legal and consulting experts with regard to the Oncor 2008 General Rate Request. Section 4. That the City does hereby suspend the proposed effective date of Oncor's request for an increase in rates for a period of 90 days. Section 3. That the City authorizes the law firm of Herrera & Boyle, PLLC to act on behalf of the City and ATOC in the Oncor 2008 General Rate Request and related proceedings. 2 Section 4. Legal counsel for ATOC is authorized to take such actions in connection with the Oncor 2008 General Rate Request as are in the best interest of the customers of Oncor who are located within the City's municipal boundaries, consistent with the instructions of the Steering Committee, including any administrative or judicial proceedings related to Oncor's 2008 General Rate Request. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 10th day of July, 2008. ATTEST: SARA L. WHITE, City Secretary 3 ALAN MCGRAW, Mayor City of Round Rock, Texas DATE: July 1, 2008 SUBJECT: City Council Meeting—July 10, 2008 ITEM: 10A1. Consider a resolution authorizing the suspension of the proposed Oncor rate increase and authorizing the City to participate with the Alliance of TXU/Oncor Customers ("ATOC") in connection with said rate request. Department: Staff Person: Administration David Kautz, Assistant City Manager / CFO Justification: Oncor has filed a major rate increase request with the cities in its service area. The proposed rates represent a blended increase of 11%. The specific increase to residential rates is 17% on average. Staff recommends that the rates be suspended for 90 days and that consultants be retained to help the City evaluate the assumptions in the rate request. Funding: Cost: N/A Source of funds: N/A Outside Resources: Jim Boyle Herrera & Boyle, PLLC Background Information: Oncor has filed the rate increase with the City and has provided data regarding new tariff proposals. The City may approve the request or suspend the increase for 90 days in order to further review the assumptions and make a determination on how to proceed. By the end of the suspension period the City either approves or disapproves the increase by an Ordinance. If the City disapproves, the matter goes to the Public Utility Commission where a full rate hearing is held. There is no specific cost to the City. Rate case review has been prefunded in a previous TXU/Oncor legal proceeding. Public Comment: N/A