R-81-375 - 4/9/1981STATE OF TEXAS §
COUNTY OF DALLAS §
That Texas Power & Light Company (herein called "TP &L "), a corpor-
ation organized and existing under the laws of the State of Texas and
a public utility as that term is defined in the Public Utility Regula-
tory Act, Article 1446c, Revised Civil Statutes of Texas, is held and
firmly bound unto the City of Round Rock , Texas (herein called
"City "), a municipal corporation of Williamson , County, .Texas.
The condition of this obligation is such that:
WHEREAS, on the 6th day of March, 1981, TP &L filed with the
Governing Body of said City its Statement of Intent to change electric
rates charged by TP &L to its customers within said City, and the City
having failed to make its final determination of rates within 90 days
from April 10, 1981, the date that the proposed change otherwise would
have gone into effect, TP &L will put into effect changed rates, which
changed rates will not exceed the rates proposed on March 6, 1981, upon
condition that TP &L shall refund or credit against future bills of its
customers in the City all sums collected during the period of suspension
in excess of the rates finally ordered plus interest at the current rate
as finally determined;
NOW, THEREFORE, if TP &L shall refund or credit against future bills
of its customers in the City all sums, if any, collected pursuant to such
changed rates during the period of suspension in excess of the rates
finally ordered plus interest at the current rate as finally determined,
or if it is determined that TP &L has collected no sums in excess of the -
rates finally ordered, then in such event this obligation shall be null
and void; otherwise to remain in full force and effect.
EXECUTED this 23rd day of July , A.D., 1981.
TEXAS POWER &.LIGHT COMPANY
ATTEST:
BOND
KNOW ALL MEN BY THESE PRESENTS:
By
Vice President
-,r..
ATTEST:
JO NNE LAND, City Secretary
RESOLUTION NO. ,5' /./`/\
WHEREAS, Texas Power & Light Company heretofore, on
March 6, 1981, filed with the City Clerk a Statement of
Intent and Petition for Authority to Change Rates for elec-
tric service provided within the corporate limits of the City
of Round Rock and further proposed that the revised schedules
and rates become effective on April 10, 1981; and
WHEREAS, the City Council is of.the opinion that there
is a necessity to consider a considerable amount of data in
connection with the request and that there is a necessity for
public hearings thereon prior to final determination of the
rate request, and consequently that the operation and effec-
tive date of the proposed schedule of rates should be sus-
pended for final determination of the rate request, Now
Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS, that the effective date of the proposed revision of
rates and schedules of Texas Power & Light Company for
electric service within the City, heretofore filed on March
6, 1981, is hereby suspended for a period of 120 days from
April 10, 1981, to provide additional time for consideration
of the data, for the conduct of public hearings and for final
determination of the propriety of the request for a rate
increase; and
BE IT FURTHER RESOLVED, that the rates of Texas Power &
Light Company for electric service within the City in effect
on March 6, 1981, shall continue in force during the period
of suspension provided above; and
BE IT FURTHER RESOLVED, that the City Secretary is
hereby directed, promptly after passage hereof, to furnish a
copy of this Resolution to Texas Power & Light Company.
RESOLVED this 9th day of April, 81.
LA'RY L. TON , Mayor
City of Roun. Rock, Texas