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R-06-06-22-10D2 - 6/22/2006RESOLUTION NO. R -06-06-22-10D2 WHEREAS, TXU Electric Delivery ("TXU") and a number of cities in its north Texas service area have reached a settlement agreement to resolve issues arising from Show Cause resolutions passed by the cities regarding TXU's transmission and distribution rates, and WHEREAS, the settlement includes TXU's agreement to file a rate case by July 1, 2008 with the Public Utility Commission that proposes and supports reduced municipal rates for street lighting and municipal pumping, and WHEREAS, TXU is extending the settlement offer to all cities in its service area in exchange for their agreement not to initiate Show Cause Actions concerning TXU's rates prior to July 1, 2008, and WHEREAS, the City desires to enter into a Letter Agreement with TXU regarding the settlement, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Letter Agreement with TXU Electric Delivery, a copy of same being attached herein for all purposes. The City Council hereby finds and declares that written notice hereto as Exhibit "A" and incorporated 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. OPFDesktop\:: ODMA/WORLDOX/O:/WDOX/RESOLUTI/R60622D2.WPD/sc RESOLVED this 22nd day of June, 2006. ALAN MCGMJ , Mayor P120-7EM City of Round Rock, Texas TEST: )1111,Aithi.)/e•VICUth)W2A— CHRISTINE R. MARTINEZ, City Secretary 2 06/07/2006 16:41 FAX 5122187097 TXU Electric Delivery 350 Texas Ave Round Rods. TX 78664 Tel: 512-244-5606 Fax 512-244-5665 RChapmanetxUed.com Rick Chapman District Operations Manager Round Rock District May 3, 2006 Mr. Jim Nuse City of Round Rock 221 East Main Street Round Rock, Texas 78664 3 LEGAL Z004/029 A TXU Electric Delivery Re; Extension and Modification of Settlement Between TXU Electric Delivery and the Steering Committee of Cities Served by TXU Electric Delivery & Agreement to Resolve Outstanding Franchise Issues Dear Mr. Nuse, As we told you in early January, TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery ("Steering Committee") have agreed to extend the February 22, 2005 settlement between Electric Delivery and the Steering Committee and to resolve outstanding franchise issues. Copies of the January 27, 2006 Extension and Modification of Settlement Agreement and the Janniry 27, 2006 Agreement to Resolve Outstanding Franchise Issues that reflect those agreements between Electric Delivery and the Steering Committee are enclosed with this Letter Agreement as Enclosures 1 and 2, respectively. The purpose of this Letter Agreement is to offer your city benefits comparable to the benefits reflected in those agreements. Please note that paragraphs 5 through 7 of this Letter Agreement are available to your city only if your city also agrees to the provisions in paragraphs 1 through 4. Extension and Modification of Settlement Agreement 1. In consideration for your city's continuing agreement not to initiate a Show Cause Action or similar proceeding concerning Electric Delivery's rates before July 1, 2008 and not to intervene in or participate in any manner in any Show Cause Action concerning Electric Delivery's rates initiated at the Public Utility Commission of Texas ("PUC") or in any other jurisdiction prior to July 1, 2008, Electric Delivery will make a cash payment of $126,487.81 to your city on March 31, 2007, March 31, 2008 and March 31, 2009. The amounts paid under this Letter Agreement are paid solely in consideration for your city's forbearance from filing, pursuing, or intervening in any Show Cause Action or similar proceeding against Electric Delivery and are not a rate reduction, refund, rebate, discount, preference, or privilege of any kind for services provided by Electric Delivery. EXHIBIT 06/07/2006 16:41 FAX 5122187097 i LEGAL Z005/029 2, Electric Delivery's obligation to make the payments described in paragraph 1 ceases on (1) the date that your city initiates, intervenes in, or participates in a Show Cause Action or similar proceeding, (2) the date that Electric Delivery ceases to have any obligation to pay any amounts to Steering Committee under paragraph 4 of the January 27, 2006 Extension and Modification of Settlement Agreement (Enclosure 1), or (3) the date that the tariffs approved in Electric Delivery's next system -wide rate case at the PUC or in a city rate inquiry become effective on a temporary or permanent basis ("Termination Date"); provided, however, in the year the new tariffs become effective, the annual payment shall be prorated until the Termination Date. 3, Electric Delivery and the Steering Committee have also agreed in the January 27, 2006 Extension and Modification of Settlement Agreement (Enclosure 1) to pursue discussions concerning various subjects. Any improved processes or revised tariffs that result from that agreement will be made available to and will be applicable to your city. 4. Electric Delivery also agrees to pay your city $163,057.89 for beneficial public use 45 days after Electric Delivery receives an executed original of this Letter Agreement. Electric Delivery also agrees to pay your city $163,057.89 for beneficial public use on March 31, 2007. Your city agrees to apply both of these amounts for beneficial public use. The determination of what activities are beneficial to the public is within the discretion of your city. Those activities include, but are not limited to, energy education for citizens, reductions in rates for city services, investments in community facilities, and investments in energy efficiency measures. Aereement to Resolve Outstanding Franchise Issues 5. As described in the enclosed January 27, 2006 Agreement to Resolve Outstanding Franchise Issues (Enclosure 2), to recognize the increasing cost and complexity of managing utilities in public rights-of-way, Electric Delivery agrees to increase the franchise fee factor for your city effective January 1, 2006 by 2%. Electric Delivery will also increase the franchise fee factor for your city an additional 1% on January 1, 2007, on January 1, 2008, and on January 1, 2009, for a total potential increase of 5% above the franchise fee factor in effect on December 31, 2005. Electric Delivery's obligation to increase its franchise fee payments to reflect the increased franchise fee factors described in this paragraph ceases on the date upon which; (1) Electric Delivery is called in for a rate case by any municipality; (2) a proceeding concerning Electric Delivery's rates is initiated under Subchapters C or D of the Public Utility Regulatory Act, Tex. Util. Code Title 2, ("PURA") Chapter 36; (3) a proceeding affecting Electric Delivery's rates is initiated as a result of a settlement; or (4) legislation becomes effective that modifies the franchise fee authorized by the PURA. 6. Your city's acceptance of paragraphs 5 through 7 of this Letter Agreement signifies its agreement that if the PUC denies recovery in Electric Delivery's rates of the fees associated with the increased franchise fee factors described in paragraph 5, then the franchise fee factor in your city immediately reverts to the franchise fee factor in effect in your city on December 31, 2005. Electric Delivery will not seek to impose a refund or 2 06/07/2008 18:41 FAX 5122187097 4 LEGAL Z008/029 credit obligation on your city for franchise fees already paid under the increased franchise fee factors. 7. If your city receives its annual franchise fee payments from Electric Delivery on a prospective basis and your city would like to instead receive those prospective franchise fee payments on a quarterly basis, then Electric Delivery agrees to amend your existing franchise agreement in a manner that is consistent with paragraph 5 of the enclosed January 27, 2006 Agreement to Resolve Outstanding Franchise Issues (Enclosure 2). The cities who are not members of the Steering Committee who are eligible to choose this option are listed on Attachment 1 to this Letter Agreement. If your city is not listed on Attachment 1 to this Letter Agreement, then your city is not eligible to choose the option described in this paragraph, Execution Instructions 8. If your city agrees to the provisions of paragraphs 1 through 4 of this Letter Agreement, please have a properly authorized representative of your city sign in the first space reflected below and return the executed original to the undersigned. 9. If your city agrees to the provisions in paragraphs 1 through 4, then your city may also agree to the provisions in paragraph 5 through 7 by having a properly authorized representative of your city sign in the second space reflected below and returning the fully executed original to the undersigned. 10. The offers reflected in this Letter Agreement expire on July 1, 2006. PARAGRAPHS I THROUGH 4 ARE AGREED TO AND ACCEPTED: City of Round Rock By: Its: Date: PARAGRAPHS 5 THROUGH 7 ARE AGREED TO AND ACCEPTED: City of Round Rock By: Its: Date: 3 06/07/2006 16:41 FAX 5122187097 Enclosure 1 4 LEGAL Z007/029 Extension and Modification of Settlement Agreement between TXU Electric Delivery and the Steering Committee of Cities Served by TXU Electric Delivery dated January 27, 2006 06/07/2006 16:41 FAX 5122187097 LEGAL a008/029 EXTENSION AND MODIFICATION QF SETTLEMENT AGREEMENT This Extension and Modification of Settlement Agreement ("Agreement") is made and entered into between TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement ("Cities"), hereinafter referred to jointly herein as "Signatories," WHEREAS, on February 22, 2005, the Signatories entered into a Settlement Agreement that resolved numerous issues, including issues arising out of the resolutions passed in 2004 by 23 cities that are members of Cities requiring Electric Delivery to file with those cities information that demonstrates good cause for showing that Electric Delivery's transmission and distribution rates should not be reduced (hereinafter referred to as "Show Cause Actions"); WHEREAS, as part of that February 22, 2005 Settlement Agreement, Electric Delivery agreed to file a system -wide rate case by July 1, 2006; WHEREAS, Cities and Electric Delivery desire to extend certain terms of the February 22, 2005 Settlement Agreement and to resolve all outstanding issues related to the pending and potential Show Cause Actions, the upcoming systemwide rate filing, and other regulatory issues; and WHEREAS, after extensive negotiations, Cities and Electric Delivery have reached a compromise and settlement to resolve those issues. NOW, THEREFORE, the Signatories, through their undersigned representatives, hereby agree to the following; 1. Electric Delivery agrees to propose and support in its next system -wide rate case or city rate inquiry one or more municipal rates, each without a demand ratchet, that together will cover all municipal accounts, including a street lighting rate and municipal pumping rate that will be lower than they otherwise would be. Cities agree to provide to Electric Delivery any information needed to design the rates described in this paragraph. 2. Electric Delivery agrees to file a system -wide rate case at the Public Utility Commission of Texas ("PUC") no later than July. 1, 2008, based on a test year ending December 31, 2007 unless Cities and Electric Delivery mutually agree that such a filing is unnecessary. For those cities that do not have a City Council meeting in July, 2008, Electric Delivery will extend its effective date to accomplish suspension by August 31, 2008. However, if Electric Delivery files a system -wide rate case at the PUC on or before June 1, 2008, then Electric Delivery will not extend its effective date. 3. Cities agree not to pursue any abated Show Cause Actions and not to initiate similar actions before July 1, 2008, provided the provisions of this Agreement are honored. Cities agree not to intervene in, or participate in any manner in, any show cause action initiated at the PUC or in any other jurisdiction prior to the proceeding described in paragraph 2, or in any appeals of such show cause actions, except as necessary to protect the tariff or tariff -efforts associated with 06/07/2006 16:42 FAX 5122187097 - LEGAL Z009/028 paragraph 1 or to protect the city or its residents from being prejudiced in any show cause action pending on appeal at the PUC. If Cities intervene in a show cause action pending on appeal at the PUC, then Cities agree not to take any position in that proceeding that is inconsistent with its obligations under this Agreement. 4. Cities agree to provide notice to Electric Delivery that (1) all cities listed on Exhibit B to this Agreement have continued their abatements of, or have dismissed, show cause actions pending against Electric Delivery, and (2) each city listed on Exhibit C to this Agreement has passed a resolution ratifying this Agreement or provided to Cities a letter in substantially the same form as Exhibit D to this Agreement that has been signed by an authorized representative of the city. On March 31, 2007, March 31, 2008, and March 31, 2009, Electric Delivery will make a cash payment of S8 million to Cities. Electric Delivery's obligation to make those payments ceases on the date upon which Cities fail to comply with their obligations under this Agreement or the date upon which the tariffs approved in Electric Delivery's next system -wide rate case at the PUC or in a city rate inquiry become effective on a temporary or permanent basis ("Termination Date"); provided, however, in the year the new tariffs become effective, the annual payment shall be prorated until the Termination Date. "System -wide rate case" includes any system -wide change to base rate tariffs as a result of proceedings initiated under Subchapters C or D of PURA Chapter 36 and any proceeding changing Electric Delivery's base rates initiated as a result of a settlement. 5. The Signatories acknowledge and agree that under paragraph 4 of the February 22, 2005 Settlement Agreement, Electric Delivery will pay Cities S8 million on March 31, 2006. 6. Electric Delivery agrees to work with Cities to improve the timeliness of streetlight maintenance and to develop a process so that every city -owned and Electric Delivery -owned street light is assigned an identifiable geographic location. Signatories agree to establish a task force of senior employees that will develop the process and planned rollout for the street light assignment project Electric Delivery also agrees to provide to Cities a specific contact person (or persons) within Electric Delivery who will be responsible for handling all unresolved Cities' requests with respect to streetlights, including, but not limited to, billing, maintenance, installation, removal, and account initiation and closure. Signatories agree to diligently pursue resolution of the issues discussed in this paragraph; however, failure to reach an agreement with respect to these issues will not constitute a breach of this Agreement by either Cities or Electric Delivery. 7. Electric Delivery agrees to work with Cities to establish improved communication, coordination, and timing of construction concerning relocations of Electric Delivery's facilities in public right of way. Signatories agree to establish a task force of senior employees that will develop the process and planned rollout of an improved relocation process. Signatories agree to diligently pursue resolution of the issues discussed in this paragraph; however, failure to reach an agreement with respect to these issues will not constitute a breach of this Agreement by either Cities or Electric Delivery. 2 06/07/2008 18:42 FAX 5122187097 LEGAL U010/029 8. The Signatories acknowledge that they have reached a separate agreement concerning outstanding issues related to franchises. By its terms, that separate agreement becomes effective only upon this Agreement's becoming effective pursuant to the terms of paragraphs 4 and 19. 9. Electric Delivery agrees to negotiate with Cities, and Cities agree to approve, a tariff that permits Cities to request undergrounding of new or existing distribution facilities. The tariff shall ensure full cost recovery by Electric Delivery through a surcharge in the requesting city in the event that no third party is required by Electric Delivery's tariff, or applicable city ordinance, to pay for undergrounding costs. That tariff will also allow Cities to request undergrounding of transmission lines to the extent Electric Delivery determines that (a) such undergrounding is feasible, (b) such undergrounding is consistent with the PUC's Substantive Rules and ERCOT's requirements, and (c) Electric Delivery can recover the costs of such undergrounding through a surcharge in the requesting city. Electric Delivery will not be obligated to file the tariff for city approval until after the expiration of the Price to Beat or the modification of the Price to Beat in a manner that allows pass through of tariff charges to the ultimate consumer. 10. Electric Delivery agrees to provide quarterly updates to representatives designated by Cities and their consultants concerning Electric Delivery's capital expenditure projects and affiliate transactions, the creation and regulatory treatment of a Pension and Health Benefits Reserve for Electric Delivery, possible workable parameters for performance based rates for Electric Delivery, and other topics as agreed upon by the Signatories. Electric Delivery will work with Cities to provide information requested by Cities concerning those topics. 11. Electric Delivery shall pay up to $10,000 per month in regulatory expenses directly to Cities' consultants, after receipt of appropriate documentation and invoices, provided said expenses may be deferred for recovery. Cities agree to support recovery of such costs in Electric Delivery's next rate case. Should recovery be denied by the PUC, then the payments will immediately cease. 12. Electric Delivery shall pay up to $40,000 per month through December 2009 to reimburse Cities for their involvement before ERCOT and the PUC concerning market design issues, after receipt of appropriate documentation and invoices. 13. Electric Delivery agrees to reimburse Cities for the expenses incurred related to the negotiation of this Agreement in an amount not to exceed $25,000 after receipt of appropriate documentation and invoices, and Cities agree that those costs can be deferred for recovery in its next rate case and agree to support deferral and recovery in that case. Notwithstanding paragraph 14, any rights Cities may have under PURA, and any provisions in existing applicable franchise agreements to the contrary, Electric Delivery agrees to reimburse Cities for reasonable and necessary expenses incurred in Electric Delivery's next system -wide rate case in an amount not to exceed $2,000,000. The rate case expense reimbursements will be made monthly, beginning with the first month after the consultants are hired. Cities further agree not to contest the recovery of Cities' rate case expenses and Electric Delivery's reasonable and necessary rate case expenses in Electric Delivery's next system -wide rate case, 3 06/07/2006 16:42 FAX 5122187097 4 LEGAL IJ011/029 14. Electric Delivery agrees that, in franchise negotiations, it will not seek to extend the prohibition on reimbursement of municipal rate case expenses beyond June 2008. 15. Electric Delivery agrees to pay Cities $18 million for beneficial public use. The Signatories agree that that amount will be paid in two installments: (1) S9 million will be payable two weeks after Electric Delivery receives the notice from Cities required in paragraph 4 of this Agreement; and (2) $9 million will be payable by January 31, 2007. The Signatories agree that member cities are to apply these hinds for beneficial public use and that the determination of what activities are beneficial to the public is within the discretion of each member city. Those activities include, but are not limited to, energy education for citizens, reductions in rates for city services, investments in community facilities, and investments in energy efficiency measures. 16. The Signatories acknowledge that Electric Delivery intends to offer certain terms of this Agreement to cities served by Electric Delivery that are not listed on Exhibit A ("Negotiations"). Electric Delivery agrees that all cities listed on Exhibit A are entitled to Most Favored Nations protection during those Negotiations and that any benefits that Electric Delivery agrees to provide to any city during those Negotiations that are not already included in this Agreement will be offered to all cities listed on Exhibit A. Cities acknowledge and agree that to receive any additional benefits from Electric Delivery, additional consideration from Cities to Electric Delivery may be required. 17. The Signatories agree that the amounts paid by Electric Delivery to Cities pursuant to paragraphs 4, 11, 12, 13, and 15 of this Agreement are paid solely in consideration for Cities' continued abatement or dismissal of, and forbearance from filing or pursuing, Show Cause Actions against Electric Delivery and Cities' agreement to abide by the terms of this Agreement, and to reimburse Cities' expenses associated with the Show Cause Actions and other regulatory proceedings. To the extent that the amounts paid may be in excess of Cities' expenses, the excess is paid solely in order to settle the matters that are the subject of this Agreement Signatories recognize and agree that the payments specified in this Agreement are not a rate reduction, refund, rebate, discount, preference or privilege of any kind for services provided by Electric Delivery or any of its affiliates or predecessors in interest undcr any tariff, whether in the past, now, or in the future. As such, the provision of electric delivery service to Cities by Electric Delivery or any affiliate or predecessor has been and will continue to be governed solely by the rates, terms, and conditions of the applicable tariffs. 18. The Signatories agree that the rights, duties, benefits, and obligations set forth in this Agreement are binding upon their successors in interest. 19. This Agreement shall become effective only upon the execution of this Agreement and the entry of resolutions or orders continuing the abatements or dismissing the Show Cause Actions. 20. Each person executing this Agreement represents that he or she is authorized to sign this Agreement on behalf of the party represented. 4 06/07/2006 16:42 FAX 5122187097 4 LEGAL a012/029 21. The Signatories expressly acknowledge and agree that oral and written statements made by any party or its representative during the course of the settlement negotiations that led to this Agreement cannot be used or portrayed as an admission or concession of any sort and shall not be admissible as evidence in any proceeding in any forum. 22. The Signatories agree that this Agreement extends and modifies the terms of their February 22, 2005 Settlement Agreement. To the extent that any terms of that February 22, 2005 Settlement Agreement are not restated here, the Signatories agree that those terms have expired. To the extent that there are any inconsistencies between the terms of this Agreement and the terms of the February 22, 2005 Settlement Agreement, the Signatories agree that the terms of this Agreement control. Executed on this the 274(day of January, 2006, by the Signatories hereto, by and through their undersigned duly authorized representatives. TXU Electric Delivery Company Its: kit ce jsl a r Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement Its: 0,444, 5 06/07/2006 16:42 FAX 5122187097 City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Arlington City of Belton City of Bcnbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Buffalo City of Burkburnett City of Burleson City of Caddo Mills City of Cameron City of Canton City of Carrollton City of Celina City of Centerville City of Cleburne City of Colleyvilie City of Collinsville City of Comanche City of Corinth City of Crowley City of Dallas City of Dalworthingtoa Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgecliff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Fort Worth City of Frisco City of Frost City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Gunter City of Harker Heights City of Heath City of Henrietta City of Hewitt Exhibit A City of Highland Park City of Honey Grove City of Howe City of Hurst City of Hutto • City of Irving City of Jolly City of Josephine City of Justin City of Kaufman City of Keller City of Kerens City of Lakeside City of Lamesa City of Lindale City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murphy City of Murchison City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point City of Odessa City of Ovilla City of Palestine City of Pantego City of Paris City of Plano City of Ranger City of Rhone City of Richardson City of Richland Hills City of Roanoke City of Robinson City of Rockwall City of Rosser City of Rowlett City of Sherman City of Snyder City of Southlake City of Sulphur Springs City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Tyler 4 LEGAL II013/029 City of University Park City of Vcnus City of Waco City of Watauga City of White Settlement City of Wichita Falls City of Woodway 06/07/2006 18:42 FAX 5122187097 Exhibit B City of Arlington City of Bcnbraok City of Brownwood City of Burleson City of Carrollton City of Dallas City of Dalworthington Gardens City of Denison City of Ft. Worth City of Harker Heights City of Heath City of Pantego City of Plano City of Richland Hills City of Robinson City of Rockwall City of Snyder City of Sulphur Springs City of The Colony City of Woodway -> LEGAL 12014/029 06/07/2006 16:42 FAX 5122187097 City of Addison City of Allen City of Andrews City of Archer City City of Belton City of Big Spring City of Breckenridge City of Bridgeport City of Burkburnett City of Celina City of Cleburne City of Colleyville City of DeLeon City of Early City of Eastland City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Frisco City of Glenn Heights City of Grand Prairie City of Grapevine City of Henrietta City of Highland Park City of Howe City of Hurst City of Irving City of Keller City of Laloeside City of Lamesa City of Lindalc City of Little River Academy City of Mansfield City of McKinney City of Midland City of Murphy City of North Richland Hills City of Oak Point City of O'Donnell City of Odessa City of Palestine City of Paris City of Richardson City of Roanoke City of Rowlett City of Sherman City of Southlake City of Sunnyvale City of Sweetwater City of Temple + LEGAL Z015/029 Exhibit C City of Tyler City of University Park City of Waco City of Watauga City of White Settlement City of Wichita Falls 06/07/2006 16:42 FAX 5122187097 Exhibit D January 2006 Mr. Geoffrey M. Gay, Esq. Lloyd Gosselink 816 Congress Avenue, Suite 1900 Austin, Texas 78701 4 LEGAL 5,016/029 RE: Settlement Agreement between Steering Committee of Cities Served by TXU Electric Delivery and TXU Electric Delivery Company Dear Mr. Gay: I hereby acknowledge that the Steering Committee of Cities Served by TXU Electric Delivery has the authority to act on behalf of the City of in the negotiation and execution of a settlement agreement with TXU Electric Delivery Company, I also represent that I am duly authorized by the City of to sign this letter. Sincerely, [Name] [Position] 06/07/2006 16:42 FAX 5122187097 Enclosure 2 -> LEGAL 017/029 Agreement to Resolve Outstanding Franchise Issues between TXU Electric Delivery and the Steering Committee of Cities Served by TXLJ Electric Delivery dated January 27, 2006 08/07/2006 18:42 FAX 5122187097 4 LEGAL a018/029 AGREEMENT TO RESOLVE OUTSTANDING FRANCHISE ISSUES This Agreement To Resolve Outstanding Franchise Issues ("Agreement") is made and entered into between TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement ("Cities"), hereinafter referred to jointly herein as "Signatories." The cities listed on Exhibit A to this Agreement are hereinafter referred to as "Member Cities." WHEREAS, several Member Cities have expressed concern about the increasing cost and complexity of managing utilities in public rights-of-way and the desire to receive increased compensation from utilities for their use of such rights-of-way; WHEREAS, several Member Cities who receive their franchise fee payments from Electric Delivery on a prospective yearly basis have expressed interest in transitioning to prospective quarterly payments; WHEREAS, the Signatories desire to resolve outstanding issues related to franchises; and WHEREAS, after extensive negotiations, the Signatories have reached a resolution of those issues. NOW, THEREFORE, the Signatories, through their undersigned representatives, hereby agree to the following: 1. The Signatories agree that this Agreement shall become effective only upon the execution of this Agreement and of the Extension and Modification of Settlement Agreement between the Signatories dated January 2„7_, 2006. The effectiveness of this Agreement shall be accomplished pursuant to the terms of paragraphs 4 and 19 of the Extension and Modification Settlement Agreement. 2. To recognize the increasing cost and complexity of managing utilities in public rights-of- way, Electric Delivery agrees to increase the franchise fee factor for each Member City on January 1, 2006, by 2%. The franchise fee factor is the amount per kilowatt hour which is multiplied times the number of kilowatt hours of electricity delivered by Electric Delivery to each retail customer whose consuming facility's point of delivery is located within the Member City's municipal boundaries. Electric Delivery will also increase the franchise fee factor to be paid to the Member Cities an additional 1% on January 1, 2007, on January 1, 2008, and on January 1, 2009, for a total potential increase of 5% above the franchise fee factor in effect on December 31, 2005. Exhibit B to this Agreement reflects the franchise fee factors in effect for all Member Cities in 2005, and the increased franchise fee factors for Member Cities provided by this paragraph for 2006, 2007, 2008, and 2009. 3. Electric Delivery's obligation to increase its franchise fee payments to reflect the increased franchise fee factors described in paragraph 2 ceases on the date upon which: (1) Electric Delivery is called in for a rate case by any municipality; (2) a proceeding concerning Electric Delivery's rates is initiated tinder Subchapters C or D of the Public Utility Regulatory Page 1 06/07/2006 16:43 FAX 5122187097 -> LEGAL a019/029 Act, Tex. Util. Code Title 2 ("PURA'') Chapter 36; (3) a proceeding affecting Electric Delivery's rates is initiated as a result of a settlement; or (4) legislation becomes effective that modifies the franchise fee authorized by PURA. 4. The Signatories agree that if the Public Utility Commission of Texas denies recovery in Electric Delivery's rates of the fees associated with the increased franchise fee factors described in paragraph 2, then the franchise fee factors immediately revert to the franchise fee factors in effect on December 31, 2005. Electric Delivery will not scck to impose a refund or credit obligation on Member Cities for franchise fees already paid under the increased franchise fee factors. 5. Electric Delivery agrees to amend its existing franchise agreements with those Member Cities who receive their annual franchise fee payments from Electric Delivery on a prospective basis, and who wish to receive franchise fee payments on a quarterly basis, to reflect the following points. Implementation of this amendment will be at each eligible Member City's option. Exhibit C is a list of Member Cities who are eligible to take advantage of this provision. For the purposes of this Agreement, "privilege period" is the period during which Electric Delivery will have the right to use the public rights-of-way to deliver electricity to a retail customer. "Basis period" is the period during which kWh delivered to each retail customer whose consuming facility's point of delivery is located within the Member City's municipal boundaries is used for the payment calculation. (a.) In calendar year 2006, the annual payment to be made by Electric Delivery to the eligible Member Cities will be paid in full on the date required by the applicable franchise agreement. (b.) Electric Delivery agrees to amend the franchise of eligible Member Cities to make quarterly payments on a prospective basis in lieu of the annual prospective payments as follows: (i.) A quarterly payment schedule will be established with the first quarterly payment due three months after the 2006 annual payment date in the existing franchise. (ii.) If the franchise amendment reflecting this Agreement is not effective prior to the first quarterly payment date, Electric Delivery will pay any quarterly payments due within 30 days of the effective date of the amendment. Subsequent payments will be made in accordance with the schedule established in the franchise amendment. (iii.) The basis period used in determining the first quarterly payment will be the three-month period immediately following the end of the basis period designated in the existing franchise agreement that corresponds to the last annual payment made in 2006. The basis period used in determining each subsequent quarterly payment will be the subsequent three-month period. Page 2 08/07/2006 18:43 FAX 5122187097 4 LEGAL a020/029 (iv.) The privilege period covered by the first quarterly payment will be the three-month period immediately following the end of the privilege period designated in the existing franchise agreement that corresponds to the last annual payment made in 2006. The privilege period for each subsequent quarterly payment will be the subsequent three-month period. (c.) For an eligible Member City that chooses to amend its franchise agreement with Electric Delivery in this manner, Electric Delivery will cease to make annual franchise fee payments after December 31, 2006. (d.) In no instance will Electric Delivery agree to payment provisions that would require payment for the same privilege period twice. (e.) The franchise amendment must extend the term of the amended franchise agreement for az least five years beyond its current expiration date. (f.) Since the quarterly franchise payments will correspond to a privilege period that is more than 12 months beyond the date of the payment, no franchise payments will be made during the final year of the franchise term unless the franchise is extended as set out herein. The amended franchise agreement will include a provision allowing Electric Delivery to elect to make one or more quarterly payments during the final year of the franchise term that will prepay in full the corresponding number of quarterly franchise periods that extend beyond what would otherwise be the term of the franchise agreement. The amended franchise agreement will include a provision requiring that any subsequent franchise agreement must recognize that any quarterly payments made during the final year of the amended franchise agreement term constitute full payment for the relevant quarterly franchise periods. (g.) Unless the existing franchise agreement is due to expire within 12 months of the date this Agreement is ratified, no other changes to the franchise will be included as part of this franchise amendment. If the existing franchise agreement is due to expire within 12 months of the date this Agreement is ratified, the parties' ability to negotiate other provisions of the franchise at the time the franchise is amended to accommodate this Agreement is not so limited, 6. Each person executing this Agreement represents that he or she is authorized to sign this Agreement on behalf of the party represented. 7. The Signatories expressly acknowledge and agree that oral and written statements made by any party or its representative during the course of the negotiations that led to this Agreement cannot be used or portrayed as an admission or concession of any sort and shall not be admissible as evidence in any proceeding in any forum. Page 3 OG/07/2006 16:43 FAX 5122187097 4 LEGAL a021/029 Executed on this the 277kiay of January, 2006, by the Signatories hereto, by and through their undersigned duly authorized representatives. TXU Electric Delivery Company Steering Committee of Cities Sewed by TXU Electric Delivery Company on behalf of all cities bated on Exhibit A to this Agreement Page 4 06/07/2008 18:43 FAX 3122187097 City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Arlington City of Belton City of Benbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Buffalo City of Burkburncn City of Burleson City of Caddo Mills City of Cameron City of Canton City of Carrollton City of Celina City of Centerville City of Cleburne City of Colleyville City of Collinsville City of Comanche City of Corinth City of Crowley City of Dallas City of Delworthingion Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgecliff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Fort Worth City of Frisco City of Frost City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Gunter Ciry of Harker Heights City of Heath City of Henrietta City of Hewitt Exhibit A City of Highland Park City of Honey Grove City of Howe City of Hurst City of Hutto City of Irving City of Jolly City of Josephine City of Justin City of Kaufman City of Keller City of Kerens City of Lakeside City of Latncsa City of Lindale City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murphy City of Murchison City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point City of Odessa City of Ovilla City of Palestine City of Pantcgo City of Paris City of Plano City of Ranger City of Rhome City of Richardson City of Richland Hills Ciry of Roanoke City of Robinson City of Rockwall City of Rosser City of Rowlett City of Sherman City of Snyder Ciry of Southlake City of Sulphur Springs City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Tyler 4 LEGAL e] 022/029 City of University Park City of Venus City of Waco City of Watauga City of White Settlement City of Wichita Falls City of Woodway 06/07/2006 16:43 FAX 5122187037 Exhibit B LEGAL VI 023/023 ft City N.frne Fd..tur Far•piintg Cnnumttt ' Chit", 2006 2007 203a 2Q09 1 , Adddtson ; 0.002544 2 `AQen 0.002794 3 Alvarado 0.003096 0.002595 0.002850 �� �� w.. 0.003158 0.002620 0.002646 0.002671 0.002878 0.003189 0.002906 0.002934 0.003220 0.003271 �_� 0.003405 0,002877 0.003_2_51 0.003302 4 lAndrews _.j 0.003145 5 tArcher Clt�i., F,�._m. _.....a r,_ 0.003274 mm6 EAH In�ton i 0.002766 0,003208 0.00333_1 _ 0.003239 '9 ._._ __ 0,003372 _,_ 0.003438 _ 0.002904 _ _ 0.002820.002849 7 !Belton 0.003115 0.003177 0.003208 0.003240 0.003271 ___y__ 8 'Bcnbrook 1 0.003002 0.003062 0.003092 0,003122 0402777 0.0003152 0.002804 0.002670 0.002723 0.002750 10 °8reckenrid a 0.002251 0.002296 0.002598 0.003130 0.002319 0.002623 0.003161 0.002341 0.002649 0,003192 0.002364 0402674 0,003222 111Brld2g2rt 1 0.002547 12 lBrownwood 'i� 0.003069 13Buffalo 0.003133 0.003196 0.003227 0,003258 0.003290 14 ;BBuuicbumett 4 0.003003 0,003063 0.003093 0.003123 0.003153 15 f Burieson 1 0.002976 0.003036 0.003065 0003095 0.003125 16 I -Caddo Mills 1 0.003418 0.003486 0.003521 �� 0.0035 0.003589 W_� 17 Cameron 0.002873 0.002930 0402959 0.002988 0.003345 0.003017 0,000_3377 18 !Canton 1T 0.003216 0.003280 0.003312 1 rr+oiton 002695 0.002749 0.002776 0.003296 0.003245 0.002425 0.003074 0.002803 0.003328 0.003276 0.002448 0,002839 r«. 0.003360 0.003308 0.002472 20 iCellna i 0.003200 0.0003264 '� 0.003213 0.002401 0,00304 21 `Centervi1le 1 0.003150 22 1Cleburne 1 0.002354 23 'FCA IeyVilie 0.002984 0,003103 0.003133 24 !Collinsv4lle I 0.003212 0.003276 0.003267 0.003308 0.003299 0,003340 0.003331 0.003373 0.003363 Co0.003203 25manche J 26 ;Corinth 1 0.002901 0.002959 0.002988 0.003017 0.003046 27 ! 0.003095 0.003157 0.003188 0.003219 0.003250 29 Dallas 0.002622 0,002674. 0.002701 0.002727 0.002753 29 'DalwvrthIngton Gardens! 0.003023 0.003083 0.003346 0.002821 0.003285 0.003211 0.002852 0.003114 0.003378 0.002849 _�-- 0.003318 0.003242 ___0.003144 0.003411 0.002877 0.003350 0.003274 0.003174 , 0.003444 0.002904 30 ;De Leon t 'd.o-a-igier 31 Denison J_ 0002766 32 iEay 1 0,003221 3 3Eastiand ! 0.003148 34 !cliff Village -11 0.002796 35 Euless .1 0.002971N 36 =Farmers Branch 1 0.002452 37 �i Hower Mound �__ 0.003031 0.003382 0,003305 0.002880 0.002908 0,002936 0.003030 0.002501 0.003092 0.002973 0,002704 0.003060 0.002526 0.003122 0.003090 0,002550 0.003120 0.002575 0.003152 0.003183 38 ;Forest Hill 1 0.002915' 39Fo t Worth - ! 0.002651- 0.003002 0.002731 0.003032 0.003061 0.002757 0.002784 40 !MS= ;- 0.002964 0.003023 0.003053 0.003083 0.003112 q� 1 '!'Frost -1" 0.003336 0.003403 0.003436 0.003469 0.003503 0,003266 42 Gen Flees i 0.003110 0.003172 0.003203 0.003234 43 Grand Prairie i 0.002651 0.002704 0.002731 0.002757 0.002784 444Gran9er j 0.003392 0.003460 0.002596 0.003165 0.003494 0.002621 0.003196 0.003528 0,002647 0.003227 0.003562 0.002672 0.003258 45 1Graaevine I 0.002545 464Gunter ] 0.003103 47 Harker 1Ielcts i 0.003099 0.003161 0.003192 0.003223 0.003254 48 [Heath 1 0.003072 - 0.003133 0.003164 0.003195 0.003226 49 !Henrietta t 0.003226 0.003291 0.003121 0.003323 0.003355 0.003182 0.003_387 0.003213 0.003029 ___. 50 tt 0.003060 0.003152 51 jtth_land_Fark 0.002885 52 11ory Grove i 0.003388 0.002943 0.002972 0.003000 0.003456 0.003490 0.003524 0.003557 53 �trvwe 1 0.003245 0.003310 0.003342 0.003375 0.0034_07 54 ,H. ...�_._._._._.._...._:.�....T 0.00397.9_,...._ 0.003039 ........ 0.003068 ._�_ 0.003098 ___ 0.003128 06/0712006 16:43 FAX 5122187037 EXbibit B ' LEGAL a 0241029 _ City Name Factor 55 'Hutto_ _ 0.00339 • 200( 0.003463 0.002703___. 2007 Mw _0.0034_97 0.002730 m� 0003056 7008 2009 0.003565_ "_0.003531 v ._ _0.002756 0.002783 '-'4'7-1---119-----------1--6-68296 � 58 ---• "'60 iK,autma�; _ 61 _._�.._..._._.. 62 iKerens 63 ' -mm _�'t���_U.U_026 IIyy 1 -..............1...._...._....1 000296 ! __...'...... 0.00322 m" 0.003026 0.003285 0.003086 0.003115_ 0.003318 "�„ 0.003350 • 0.0003382 w ._ . �_ > n 1 0.00324 `..�._. _ 0.0030 K leer ...w.."----:. �..w� U, 003061 ___ 0.003306 0.003340 _T� 0.003373 0.003150 �. 0.003405 0.003120_ 0.003180 __.__ �__ _0.003090 0.003122 _ 0.003183 0.003214 ,i "__...-- -. 1 0.00331 � _ 0.003378 _� T__0.003153 0.003411 0.00 0.003478 L*88lde r 0.0031 • ; 0.003231 0.003263 0.003295 ___0.003326 0.003149 74: 0.003106 0.003136 _0:00316700031974,41144..4••••••••••4444.. 0.003119 »_,^-0.00304' 65 1 Undale J. 0.00 • • ' 0.003059 0.003089 66.7•a de Ftivti-Acade L0.00315. 0.003219 0.003251 » "� 0.002932 0.003282 -....._..._.w._._._. ............-......4•••••••••••••••••••••• 0.002961 0.002947 0.003314 ��..� ..,»» 0 .002969 41 0.002976 ._........ _, 67 '- '68 = 69 r �' 0.00284 Malakd°F _ 0.002904 0.002891 _ _ Y . " s fle1d """".'"" Mansfield 0.00283 �."_� 0.002919 _ �_ 0. „.....10 id.dnn,sy ._M ._.�. i 0.00272 : --------6:0-03113--- ----- 0.002783 ",,._ _w__ 0.002837 ___,_._ 0002864 0.003091 70 jMldland 73 744 775 '�' 0.002' • • f,., »,»...._.._...__._._....."» .1 0.00338 0 003003 0003032_ 0.003484 0.003062 0.003451 0.003518 0.0_03552 ._, _ __.__._ ._._j 0.00335 0.003418 0.003452 0.003485 0.003519 .._.., ._ _ ._...........__, 0,,... 0.0030 Muiplry ----4--'0:00-1-07 f Neyvhd HUI . 0.0031 0.003140 0.003219 0403170 1.44 .� 0.003251 - 0.003201 0.003282 0.003232 »,X0.003314 0.002979 w � IN Mand Nils 4 0.00283 - 0.002894 0.002922 0.002950 76 nO Donnell 0.003 0,003399 0.003432 .w 0.003465 _ ,,,, 0.003499 __ __ 77 fOak Leaf _r-' -••- 0,002- • ' 78 IOak Point0.0030 0.003024 » 0.003054 0.003084 0.003113 • yW 0.003140 ..."w 0.003170 0003201 0.003232 0.003168 _ .... 0.003198. 99 Odessa i 0.00 i : 0.0031070.003137 80 ipvilla ._._....._1 0.00 .' : 0.003099, �_ 0.003129 0,003160 0.003138 ............._0.003_1_90 0.00168 811?Palan"i I 0.00301 8? pal 0.00321' . 0.003077 0,003108 0.003306 _ 0.003338 0.003371 � 83 iPails 0.00240 _ _____,0.003274 0.002455 0.002785 0.002479 ......,.- 0.002503 _..». 0.002527 841Piano 1 0.0027 ,1 0.002812 0.002839 », 0.002867 0.003394 85 86 9 7 88 'Ranger 0.00323 0.003297 __ 0.003329 0.003361 'Rhome _0.0031 rdson _ .«,w......_- 0.002. ' : Rkh-..-..,-,_........_.....--1----b-66-77 %.,,-- -� 0.00 eland jiWs ,� _ 0.003244 ,...__._.._. 0.002660 �W 0.003156 0.003275 0.002686 »0. 0003307 0.003339 » 0.1 0.002712 0.002738 0.003187 ,� 0.003218 __ 0.003249 _ 89.1_.. r .__ ._....-.� ,. 1 0.00316 90 1Robl ." _.. _r___.�_. _0.00311' �,.," 0.003230 _.._.__. x.002869 0.002869 0.003262 0.003294 0.003325 m,•,,.,, ,,,,.,.,._ 0.0032 13 _ _. 0.002897 _, �_ _ 0.003249 0.002»926 »._......... 0275 ____. 0.002954 _ _ ^ _� 91 Rockwaq 0.00281 ---1- 0.003 . 92,Rosser » 0.003323 0.003356 0.003388 0.003421 0.003221 93 94 �Rawlett J 0.00 ' • : 0.003129 0.003160 0.003191 0.002372 15herrna ii 0.002281 _�_ 0,002327_ "0,003236 _,,,.,__,,. 0,002349 0.003268 0,002395 0.003300 0.003332 95 0.00317 .._W._ 96ISoutiake i 0.003031 000003092. 0.003122 0.0_03152 0.0028_78 0.003183 ".97 98 1 0.00276 0.002822 _0.002850 _ 0.002506 ter,,,_, 0.003193 0.002602 0.002905 iSu a1e�M "^���_�__� 00024 » _ 0.002482 _- _-__- .003162 -----6-.002577 • 0.002577 �� 0.002530 0.003224 0,002627 0.002555 0.003255 _ 99 100 ---1-101 1 7,-4.----10 -iii -37, 103 Qty 104 i053Waoo 106 i5vreetwater _. i 00031" iTemple 0,0025 0.002652 1- 0.00297 _ _"_ _ _ ",.» . Ier....- i 0.002..- ; 0.003038 - __ 0.002701 _ ___ 0003067 -6.002727 0.003097 �._._._..................-- 0.002754_0.00780 0.002904 0.003127 0.002932 UNvets Pant j� 0.00279 0,002848 0.003379 • 0,002683 :' �._ 0.003027 0.002876 0.003412 ;Venus 1 0.00331 0002. ii Watauga _______....._..,___. 0.," c • 0.003446 ��• 0.002735 .._._,_" 0.003087 „•- _ 0.003479 0.002762 0.002709 _ 0.003057 » �� - 0.003116 107 Write Settlement --1 0.0029 108 wlddb Fails ..��� ..E.7 0.00284 _. I _ _ w 109 iW�uodway .�,. l 0.00269 ' »�. 0.003011 0.002898�,�w__ _ 0,002746 _ 0.003041 • _0.002926 0.002773 0.003070 _» ,� 0.002955 _ 0.002800 -, 0.003100 ^ 0.002963 0,002827 06/07/2006 16:44 FAX 5122187097 City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Belton City of Benbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Burkbumett City of Colleyville City of Corinth City of Crowley City of Dalworthington Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgeciiff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Heath City of Henrietta City of Hewitt City of Honey Grove City of Irving City of Jolly City of Josephine City of Justin City of Lakeside City of Lamesa City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murchison City of Murphy City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point 4 LEGAL Qj 025/029 Exhibit C City of Odessa City of Ovilla City of Pantcgo City of Paris City of Plano City of Rhomc City of Richland Hills City of Roanoke City of Robinson City of Rosser City of Rowlett City of Snyder City of Southlake City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Watauga City of White Settlement City of Wichita Falls City of Woodway 06/07/2006 16:44 FAX 5122187097 ATTACHMENT 1 4 LEGAL Z 026/029 Annual Prepay Non -Steering Committee Cities ACKERLY CHANDLER FAIRVIEW KNOLLW000 NACOGDOCHES RENO-LAMAR VALLEY VIEW ALEDO CHICO FORSAN KRUM NAVARRO RENO -PARKER VAN ALMA CHIRENO GAINESVILLE LACY-LAKEVIEW NEVADA RETREAT WEIR ANGUS CLARKSVILLE GARLAND LAKE BRIDGEPORT NEW FAIRVIEW RICHLAND WELLS ANNETTA COAHOMA GARRETT LAKE DALLAS NEWARK RIESEL WESTBROOK ANNETTA NORTH cOLORADO CITY GEORGETOWN LAKE WORTH NEYIANDVILLE RIVER OAKS WESTOVER HILLS WESTWORTH ANNETTA SOUTH COMMERCE GHOLSON LAKESIDE CITY NOLANVILLE ROSCOE VILLAGE APPLEBY COOL GODLEY LATEXO NOONDAY ROXTON WICKETT ARGYLE COOPER GOLINDA LAVON NORTHLAKE ROYSE CITY WILLOW PARK ATHENS COPPELL GOODLOW LEONA OAK GROVE RUNAWAY BAY WILMER AURORA CORSICANA GORMAN LEROY OAK VALLEY SACHSE WINDOM AZLE CRANDALL GRAFORD LINDSAY OGLESBY SADLER WINK BALM SPRINGS CRANE GRAHAM LIPAN PARADLSE SAGINAW WYLIE BARRY CRESSON GRANDFALLS LORAINE PARKER SALADO MANTIS BARTLETT CROSS ROADS GRAPEIAND LORENA PAYNE SPRINGS SANCTUARY ZAVALLA BEDFORD CUMBY GUN BARREL CITY LOVELADY PECAN HILL SANSOM PARK BEL.LEVUE DEAN HALTOM CITY LOWRY CROSSING PENELOPE SAVOY BELLh1EAD DESOTO HASLET MARSHALL CREEK PFLUGERVIU.E SHADY SHORES BELLS DIBOLL HEBRON MAYPEARL PLEASANT VALLEY SOUTHMAYD MCLENDON- BEVERLY HILLS DODD CITY HICKORY CREEK CHISHOLM PONDER SPRINGTOWN POST OAK BEND BLUE MOUND DORO TESTER HIDEAWAY MELISSA CITY STANTON BRUCEVILLE-EDDY DUNCANVILLE HOLLIDAY MILANO POTTSBORO SUNSET BUCKHOLTS EDOM HUDSON MILDRED POWELL THORNTONVILLE BURKE ELECTRA HUDSON OAKS MILLSAP POYNOR THRALL BYNUM ELGIN HUTCHINS MOBILE CITY PRINCETON TIRA ENCHANTED CAMPBELL OAKS IOWA PARK MONAHANS PYOTE TOOL MORGANS POINT CANEY CITY EUREKA 7oSHUA RESORT QUINLAN TRINIDAD CARBON EUSTACE KEENE MUENSTER RAVENNA TROPHY CLUB CASHION COMMUNITY EVERMAN KENNEDALE MUSTANG RED OAK TROY 06/07/2006 16:44 FAX 5122187097 Summary of Proposed Letter Asreement + LEGAL Z 027/029 The following is a summary of the major provisions of the proposed Letter Agreement from TXU Electric Delivery ("Electric Delivery"). If there is any difference between this Summary and the proposed Letter Agreement, the Letter Agreement will control. The offers in the Letter Agreement expire on July 1, 2006. Paragraphs 1 through 4 of the proposed Letter Agreement provide the following: • The Letter Agreement extends the previous settlement until July 1, 2008. Your city agrees not to initiate or participate in a Show Cause Action or similar proceeding concerning Electric Delivery's rates before July 1, 2008. Annual March 3I payments of will continue until March 31, 2009. • Those payments cease if: o your city or a Steering Committee city initiates or participates in a Show Cause Action or similar proceeding concerning Electric Delivery's rates; or o new tariffs are approved for Electric Delivery. • Your city will get the benefit of any improved process or revised tariffs that result from the extension of the Steering Committee settlement. • Electric Delivery will pay your city an amount (see Letter Agreement) for beneficial public use 45 days after Electric Delivery receives an executed original of the Letter Agreement. Electric Delivery will pay your city another payment for beneficial public use on March 31, 2007. Paragraphs 5 through 7 of the proposed Letter Agreement provide the following: • Electric Delivery will increase your city's franchise fee factor by 2% effective January 1, 2006, and another 1% on January 1, 2007, January 1, 2008, and January 1, 2009, for a total potential increase of 5%. • Electric Delivery's obligation to pay the increased franchise fce factors ceases if: o if any city calls Electric Delivery in for a rate case, o if the PUC initiates a rate case for Electric Delivery or if Electric Delivery files a rate case at the PUC, o a proceeding affecting Electric Delivery's rates is initiated as a result of a settlement, or o legislation becomes effective that modifies the franchise fee authorized by the Utilities Code. • If the PUC denies recovery in Electric Delivery's rates of the increased franchise fees, then the franchise fee factor in your city will revert to the franchise fee factor in effect in your city on December 31, 2005. Electric Delivery will not seek a refund of fees already paid_ • Eligible cities who receive their annual franchise fees on a prospective basis can choose to receive those prospective franchise fees on a quarterly basis. 4-27-0610J DATE: June 16, 2006 SUBJECT: City Council Meeting - June 22, 2006 ITEM: 10.D.2. Consider a resolution authorizing the Mayor to execute a letter agreement for the extension and modification of a settlement with TXU Electric Delivery. Department: Administration/Legal Staff Person: David Kautz, Assistant City Manager/CFO Steve Sheets, City Attorney Justification: This agreement offers the City of Round Rock benefits comparable to the benefits that are reflected in the previous agreements with TXU Steering Committee Cities dated January 27, 2006 and February 22, 2005. This letter agreement will expire July 1, 2006. Funding: Cost: N/A Source of funds: N/A Outside Resources: TXU Electric Delivery Background Information: TXU Electric Delivery and a number of cities in their north Texas service area have reached a settlement agreement to resolve issues arising from "show cause" resolutions passed by the cities. The resolutions would have required the company to file information with those cities to show why the company's transmission and distribution rates should not be reduced. The settlement requires the company to agree to a rate case filing in July 2008 that proposes and supports reduced municipal rates for street lighting and municipal pumping. Additionally, the company will provide monetary consideration and improved street lighting data record for the cities. The company is extending the settlement offer to all cities in its service area. Public Comment: N/A EXECUTED DOCUMENT FOLLOWS TXU Electric Delivery 350 Texas Ave Round Rock, TX 78664 Tel: 512-244-5606 Fax: 512-244-5665 RChapman@txued.com 4% TXU 4W Electric Delivery Rick Chapman District Operations Manager Round Rock District May 3, 2006 Mr. Jim Nuse City of Round Rock 221 East Main Street Round Rock, Texas 78664 Re: Extension and Modification of Settlement Between TXU Electric Delivery and the Steering Committee of Cities Served by TXU Electric Delivery & Agreement to Resolve Outstanding Franchise Issues Dear Mr. Nuse, As we told you in early January, TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery ("Steering Committee") have agreed to extend the February 22, 2005 settlement between Electric Delivery and the Steering Committee and to resolve outstanding franchise issues. Copies of the January 27, 2006 Extension and Modification of Settlement Agreement and the January 27, 2006 Agreement to Resolve Outstanding Franchise Issues that reflect those agreements between Electric Delivery and the Steering Committee are enclosed with this Letter Agreement as Enclosures 1 and 2, respectively. The purpose of this Letter Agreement is to offer your city benefits comparable to the benefits reflected in those agreements. Please note that paragraphs 5 through 7 of this Letter Agreement are available to your city only if your city also agrees to the provisions in paragraphs 1 through 4. Extension and Modification of Settlement Agreement 1. In consideration for your city's continuing agreement not to initiate a Show Cause Action or similar proceeding concerning Electric Delivery's rates before July 1, 2008 and not to intervene in or participate in any manner in any Show Cause Action concerning Electric Delivery's rates initiated at the Public Utility Commission of Texas ("PUC") or in any other jurisdiction prior to July 1, 2008, Electric Delivery will make a cash payment of $126,487.81 to your city on March 31, 2007, March 31, 2008 and March 31, 2009. The amounts paid under this Letter Agreement are paid solely in consideration for your city's forbearance from filing, pursuing, or intervening in any Show Cause Action or similar proceeding against Electric Delivery and are not a rate reduction, refund, rebate, discount, preference, or privilege of any kind for services provided by Electric Delivery. R-oe-o(o-a2-101)2, 2. Electric Delivery's obligation to make the payments described in paragraph 1 ceases on (1) the date that your city initiates, intervenes in, or participates in a Show Cause Action or similar proceeding, (2) the date that Electric Delivery ceases to have any obligation to pay any amounts to Steering Committee under paragraph 4 of the January 27, 2006 Extension and Modification of Settlement Agreement (Enclosure 1), or (3) the date that the tariffs approved in Electric Delivery's next system -wide rate case at the PUC or in a city rate inquiry become effective on a temporary or permanent basis ("Termination Date"); provided, however, in the year the new tariffs become effective, the annual payment shall be prorated until the Termination Date. 3. Electric Delivery and the Steering Committee have also agreed in the January 27, 2006 Extension and Modification of Settlement Agreement (Enclosure 1) to pursue discussions concerning various subjects. Any improved processes or revised tariffs that result from that agreement will be made available to and will be applicable to your city. 4. Electric Delivery also agrees to pay your city $163,057.89 for beneficial public use 45 days after Electric Delivery receives an executed original of this Letter Agreement. Electric Delivery also agrees to pay your city $163,057.89 for beneficial public use on March 31, 2007. Your city agrees to apply both of these amounts for beneficial public use. The determination of what activities are beneficial to the public is within the discretion of your city. Those activities include, but are not limited to, energy education for citizens, reductions in rates for city services, investments in community facilities, and investments in energy efficiency measures. Agreement to Resolve Outstanding Franchise Issues 5. As described in the enclosed January 27, 2006 Agreement to Resolve Outstanding Franchise Issues (Enclosure 2), to recognize the increasing cost and complexity of managing utilities in public rights-of-way, Electric Delivery agrees to increase the franchise fee factor for your city effective January 1, 2006 by 2%. Electric Delivery will also increase the franchise fee factor for your city an additional 1% on January 1, 2007, on January 1, 2008, and on January 1, 2009, for a total potential increase of 5% above the franchise fee factor in effect on December 31, 2005. Electric Delivery's obligation to increase its franchise fee payments to reflect the increased franchise fee factors described in this paragraph ceases on the date upon which: (1) Electric Delivery is called in for a rate case by any municipality; (2) a proceeding concerning Electric Delivery's rates is initiated under Subchapters C or D of the Public Utility Regulatory Act, Tex. Util. Code Title 2, ("PURA") Chapter 36; (3) a proceeding affecting Electric Delivery's rates is initiated as a result of a settlement; or (4) legislation becomes effective that modifies the franchise fee authorized by the PURA. 6. Your city's acceptance of paragraphs 5 through 7 of this Letter Agreement signifies its agreement that if the PUC denies recovery in Electric Delivery's rates of the fees associated with the increased franchise fee factors described in paragraph 5, then the franchise fee factor in your city immediately reverts to the franchise fee factor in effect in your city on December 31, 2005. Electric Delivery will not seek to impose a refund or credit obligation on your city for franchise fees already paid under the increased franchise fee factors. 7. If your city receives its annual franchise fee payments from Electric Delivery on a prospective basis and your city would like to instead receive those prospective franchise fee payments on a quarterly basis, then Electric Delivery agrees to amend your existing franchise agreement in a manner that is consistent with paragraph 5 of the enclosed January 27, 2006 Agreement to Resolve Outstanding Franchise Issues (Enclosure 2). The cities who are not members of the Steering Committee who are eligible to choose this option are listed on Attachment 1 to this Letter Agreement. If your city is not listed on Attachment 1 to this Letter Agreement, then your city is not eligible to choose the option described in this paragraph. Execution Instructions 8. If your city agrees to the provisions of paragraphs 1 through 4 of this Letter Agreement, please have a properly authorized representative of your city sign in the first space reflected below and return the executed original to the undersigned. 9. If your city agrees to the provisions in paragraphs 1 through 4, then your city may also agree to the provisions in paragraph 5 through 7 by having a properly authorized representative of your city sign in the second space reflected below and returning the fully executed original to the undersigned. 10. The offers reflected in this Letter Agreement expire on July 1, 2006. Since ly, PARAGRAPHS 1 THROUGH 4 ARE AGREED TO AND ACCEPTED: By: City of Rod ' oc ) Its: • DQ. t -eMm Date: ID -2 1- O (p PARAGRAPHS 5 THROUGH 7 ARE AGREED TO AND ACCEPTED: City of Round By: Its: • Date: Enclosure 1 Extension and Modification of Settlement Agreement between TXU Electric Delivery and the Steering Committee of Cities Served by TXU Electric Delivery dated January 27, 2006 EXTENSION AND MODIFICATION OF SETTLEMENT AGREEMENT This Extension and Modification of Settlement Agreement ("Agreement") is made and entered into between TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement ("Cities"), hereinafter referred to jointly herein as "Signatories." WHEREAS, on February 22, 2005, the Signatories entered into a Settlement Agreement that resolved numerous issues, including issues arising out of the resolutions passed in 2004 by 23 cities that are members of Cities requiring Electric Delivery to file with those cities information that demonstrates good cause for showing that Electric Delivery's transmission and distribution rates should not be reduced (hereinafter referred to as "Show Cause Actions"); WHEREAS, as part of that February 22, 2005 Settlement Agreement, Electric Delivery agreed to file a system -wide rate case by July 1, 2006; WHEREAS, Cities and Electric Delivery desire to extend certain terms of the February 22, 2005 Settlement Agreement and to resolve all outstanding issues related to the pending and potential Show Cause Actions, the upcoming system -wide rate filing, and other regulatory issues; and WHEREAS, after extensive negotiations, Cities and Electric Delivery have reached a compromise and settlement to resolve those issues. NOW, THEREFORE, the Signatories, through their undersigned representatives, hereby agree to the following; 1. Electric Delivery agrees to propose and support in its next system -wide rate case or city rate inquiry one or more municipal rates, each without a demand ratchet, that together will cover all municipal accounts, including a street lighting rate and municipal pumping rate that will be lower than they otherwise would be. Cities agree to provide to Electric Delivery any information needed to design the rates described in this paragraph. 2. Electric Delivery agrees to file a system -wide rate case at the Public Utility Commission of Texas ("PUC") no later than July 1, 2008, based on a test year ending December 31, 2007 unless Cities and Electric Delivery mutually agree that such a filing is unnecessary. For those cities that do not have a City Council meeting in July, 2008, Electric Delivery will extend its effective date to accomplish suspension by August 31, 2008. However, if Electric Delivery files a system -wide rate case at the PUC on or before June 1, 2008, then Electric Delivery will not extend its effective date. 3. Cities agree not to pursue any abated Show Cause Actions and not to initiate similar actions before July 1, 2008, provided the provisions of this Agreement are honored. Cities agree not to intervene in, or participate in any manner in, any show cause action initiated at the PUC or in any other jurisdiction prior to the proceeding described in paragraph 2, or in any appeals of such show cause actions, except as necessary to protect the tariff or tariff -efforts associated with 1 paragraph 1 or to protect the city or its residents from being prejudiced in any show cause action pending on appeal at the PUC. If Cities intervene in a show cause action pending on appeal at the PUC, then Cities agree not to take any position in that proceeding that is inconsistent with its obligations under this Agreement. 4. Cities agree to provide notice to Electric Delivery that (1) all cities listed on Exhibit B to this Agreement have continued their abatements of, or have dismissed, show cause actions pending against Electric Delivery, and (2) each city listed on Exhibit C to this Agreement has passed a resolution ratifying this Agreement or provided to Cities a letter in substantially the same form as Exhibit D to this Agreement that has been signed by an authorized representative of the city. On March 31, 2007, March 31, 2008, and March 31, 2009, Electric Delivery will make a cash payment of $8 million to Cities. Electric Delivery's obligation to make those payments ceases on the date upon which Cities fail to comply with their obligations under this Agreement or the date upon which the tariffs approved in Electric Delivery's next system -wide rate case at the PUC or in a city rate inquiry become effective on a temporary or permanent basis ("Termination Date"); provided, however, in the year the new tariffs become effective, the annual payment shall be prorated until the Termination Date. "System -wide rate case" includes any system -wide change to base rate tariffs as a result of proceedings initiated under Subchapters C or D of PURA Chapter 36 and any proceeding changing Electric Delivery's base rates initiated as a result of a settlement. 5. The Signatories acknowledge and agree that under paragraph 4 of the February 22, 2005 Settlement Agreement, Electric Delivery will pay Cities $8 million on March 31, 2006. 6. Electric Delivery agrees to work with Cities to improve the timeliness of streetlight maintenance and to develop a process so that every city -owned and Electric Delivery -owned street light is assigned an identifiable geographic location. Signatories agree to establish a task force of senior employees that will develop the process and planned rollout for the street light assignment project. Electric Delivery also agrees to provide to Cities a specific contact person (or persons) within Electric Delivery who will be responsible for handling all unresolved Cities' requests with respect to streetlights, including, but not limited to, billing, maintenance, installation, removal, and account initiation and closure. Signatories agree to diligently pursue resolution of the issues discussed in this paragraph; however, failure to reach an agreement with respect to these issues will not constitute a breach of this Agreement by either Cities or Electric Delivery. 7. Electric Delivery agrees to work with Cities to establish improved communication, coordination, and timing of construction concerning relocations of Electric Delivery's facilities in public right of way. Signatories agree to establish a task force of senior employees that will develop the process and planned rollout of an improved relocation process. Signatories agree to diligently pursue resolution of the issues discussed in this paragraph; however, failure to reach an agreement with respect to these issues will not constitute a breach of this Agreement by either Cities or Electric Delivery. 2 8. The Signatories acknowledge that they have reached a separate agreement concerning outstanding issues related to franchises. By its terms, that separate agreement becomes effective only upon this Agreement's becoming effective pursuant to the terms of paragraphs 4 and 19. 9. Electric Delivery agrees to negotiate with Cities, and Cities agree to approve, a tariff that permits Cities to request undergrounding of new or existing distribution facilities. The tariff shall ensure full cost recovery by Electric Delivery through a surcharge in the requesting city in the event that no third party is required by Electric Delivery's tariff, or applicable city ordinance, to pay for undergrounding costs. That tariff will also allow Cities to request undergrounding of transmission lines to the extent Electric Delivery determines that (a) such undergrounding is feasible, (b) such undergrounding is consistent with the PUC's Substantive Rules and ERCOT's requirements, and (c) Electric Delivery can recover the costs of such undergrounding through a surcharge in the requesting city. Electric Delivery will not be obligated to file the tariff for city approval until after the expiration of the Price to Beat or the modification of the Price to Beat in a manner that allows pass through of tariff charges to the ultimate consumer. 10. Electric Delivery agrees to provide quarterly updates to representatives designated by Cities and their consultants concerning Electric Delivery's capital expenditure projects and affiliate transactions, the creation and regulatory treatment of a Pension and Health Benefits Reserve for Electric Delivery, possible workable parameters for performance based rates for Electric Delivery, and other topics as agreed upon by the Signatories. Electric Delivery will work with Cities to provide information requested by Cities concerning those topics. 11. Electric Delivery shall pay up to $10,000 per month in regulatory expenses directly to Cities' consultants, after receipt of appropriate documentation and invoices, provided said expenses may be deferred for recovery. Cities agree to support recovery of such costs in Electric Delivery's next rate case. Should recovery be denied by the PUC, then the payments will immediately cease. 12. Electric Delivery shall pay up to $40,000 per month through December 2009 to reimburse Cities for their involvement before ERCOT and the PUC concerning market design issues, after receipt of appropriate documentation and invoices. 13. Electric Delivery agrees to reimburse Cities for the expenses incurred related to the negotiation of this Agreement in an amount not to exceed $25,000 after receipt of appropriate documentation and invoices, and Cities agree that those costs can be deferred for recovery in its next rate case and agree to support deferral and recovery in that case. Notwithstanding paragraph 14, any rights Cities may have under PURA, and any provisions in existing applicable franchise agreements to the contrary, Electric Delivery agrees to reimburse Cities for reasonable and necessary expenses incurred in Electric Delivery's next system -wide rate case in an amount not to exceed $2,000,000. The rate case expense reimbursements will be made monthly, beginning with the first month after the consultants are hired. Cities further agree not to contest the recovery of Cities' rate case expenses and Electric Delivery's reasonable and necessary rate case expenses in Electric Delivery's next system -wide rate case. 3 14. Electric Delivery agrees that, in franchise negotiations, it will not seek to extend the prohibition on reimbursement of municipal rate case expenses beyond June 2008. 15. Electric Delivery agrees to pay Cities $18 million for beneficial public use. The Signatories agree that that amount will be paid in two installments: (1) $9 million will be payable two weeks after Electric Delivery receives the notice from Cities required in paragraph 4 of this Agreement; and (2) $9 million will be payable by January 31, 2007. The Signatories agree that member cities are to apply these funds for beneficial public use and that the determination of what activities are beneficial to the public is within the discretion of each member city. Those activities include, but are not limited to, energy education for citizens, reductions in rates for city services, investments in community facilities, and investments in energy efficiency measures. 16. The Signatories acknowledge that Electric Delivery intends to offer certain terms of this Agreement to cities served by Electric Delivery that are not listed on Exhibit A ("Negotiations"). Electric Delivery agrees that all cities listed on Exhibit A are entitled to Most Favored Nations protection during those Negotiations and that any benefits that Electric Delivery agrees to provide to any city during those Negotiations that are not already included in this Agreement will be offered to all cities listed on Exhibit A. Cities acknowledge and agree that to receive any additional benefits from Electric Delivery, additional consideration from Cities to Electric Delivery may be required. 17. The Signatories agree that the amounts paid by Electric Delivery to Cities pursuant to paragraphs 4, 11, 12, 13, and 15 of this Agreement are paid solely in consideration for Cities' continued abatement or dismissal of, and forbearance from filing or pursuing, Show Cause Actions against Electric Delivery and Cities' agreement to abide by the terms of this Agreement, and to reimburse Cities' expenses associated with the Show Cause Actions and other regulatory proceedings. To the extent that the amounts paid may be in excess of Cities' expenses, the excess is paid solely in order to settle the matters that are the subject of this Agreement. Signatories recognize and agree that the payments specified in this Agreement are not a rate reduction, refund, rebate, discount, preference or privilege of any kind for services provided by Electric Delivery or any of its affiliates or predecessors in interest under any tariff, whether in the past, now, or in the future. As such, the provision of electric delivery service to Cities by Electric Delivery or any affiliate or predecessor has been and will continue to be governed solely by the rates, terms, and conditions of the applicable tariffs. 18. The Signatories agree that the rights, duties, benefits, and obligations set forth in this Agreement are binding upon their successors in interest. 19. This Agreement shall become effective only upon the execution of this Agreement and the entry of resolutions or orders continuing the abatements or dismissing the Show Cause Actions. 20. Each person executing this Agreement represents that he or she is authorized to sign this Agreement on behalf of the party represented. 4 21. The Signatories expressly acknowledge and agree that oral and written statements made by any party or its representative during the course of the settlement negotiations that led to this Agreement cannot be used or portrayed as an admission or concession of any sort and shall not be admissible as evidence in any proceeding in any forum. 22. The Signatories agree that this Agreement extends and modifies the terms of their February 22, 2005 Settlement Agreement. To the extent that any terms of that February 22, 2005 Settlement Agreement are not restated here, the Signatories agree that those terms have expired. To the extent that there are any inconsistencies between the terms of this Agreement and the terms of the February 22, 2005 Settlement Agreement, the Signatories agree that the terms of this Agreement control. Executed on this the 2 day of January, 2006, by the Signatories hereto, by and through their undersigned duly authorized representatives. TXU Electric Delivery Company Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement By: 741( By: Its: IA CCSIDE-s•r 'r Its: Ck 5 fi3:.2e. City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Arlington City of Belton City of Benbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Buffalo City of Burkburnett City of Burleson City of Caddo Mills City of Cameron City of Canton City of Carrollton City of Celina City of Centerville City of Cleburne City of Colleyville City of Collinsville City of Comanche City of Corinth City of Crowley City of Dallas City of Dalworthington Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgecliff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Fort Worth City of Frisco City of Frost City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Gunter City of Harker Heights City of Heath City of Henrietta City of Hewitt Exhibit A City of Highland Park City of Honey Grove City of Howe City of Hurst City of Hutto City of Irving City of Jolly City of Josephine City of Justin City of Kaufman City of Keller City of Kerens City of Lakeside City of Lamesa City of Lindale City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murphy City of Murchison City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point City of Odessa City of Ovilla City of Palestine City of Pantego City of Paris City of Plano City of Ranger City of Rhome City of Richardson City of Richland Hills City of Roanoke City of Robinson City of Rockwall City of Rosser City of Rowlett City of Sherman City of Snyder City of Southlake City of Sulphur Springs City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Tyler City of University Park City of Venus City of Waco City of Watauga City of White Settlement City of Wichita Falls City of Woodway Exhibit B City of Arlington City of Benbrook City of Brownwood City of Burleson City of Carrollton City of Dallas City of Dalworthington Gardens City of Denison City of Ft. Worth City of Harker Heights City of Heath City of Pantego City of Plano City of Richland Hills City of Robinson City of Rockwall City of Snyder City of Sulphur Springs City of The Colony City of Woodway City of Addison City of Allen City of Andrews City of Archer City City of Belton City of Big Spring City of Breckenridge City of Bridgeport City of Burkburnett City of Celina City of Cleburne City of Colleyville City of DeLeon City of Early City of Eastland City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Frisco City of Glenn Heights City of Grand Prairie City of Grapevine City of Henrietta City of Highland Park City of Howe City of Hurst City of Irving City of Keller City of Lakeside City of Lamesa City of Lindale City of Little River Academy City of Mansfield City of McKinney City of Midland City of Murphy City of North Richland Hills City of Oak Point City of ODonnell City of Odessa City of Palestine City of Paris City of Richardson City of Roanoke City of Rowlett City of Sherman City of Southlake City of Sunnyvale City of Sweetwater City of Temple Exhibit C City of Tyler City of University Park City of Waco City of Watauga City of White Settlement City of Wichita Falls Exhibit D January , 2006 Mr. Geoffrey M. Gay, Esq. Lloyd Gosselink 816 Congress Avenue, Suite 1900 Austin, Texas 78701 RE: Settlement Agreement between Steering Committee of Cities Served by TXU Electric Delivery and TXU Electric Delivery Company Dear Mr. Gay: I hereby acknowledge that the Steering Committee of Cities Served by TXU Electric Delivery has the authority to act on behalf of the City of in the negotiation and execution of a settlement agreement with TXU Electric Delivery Company. I also represent that I am duly authorized by the City of to sign this letter. Sincerely, [Name] [Position] Enclosure 2 Agreement to Resolve Outstanding Franchise Issues between TXU Electric Delivery and the Steering Committee of Cities Served by TXU Electric Delivery dated January 27, 2006 AGREEMENT TO RESOLVE OUTSTANDING FRANCHISE ISSUES This Agreement To Resolve Outstanding Franchise Issues ("Agreement") is made and entered into between TXU Electric Delivery Company ("Electric Delivery") and the Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement ("Cities"), hereinafter referred to jointly herein as "Signatories." The cities listed on Exhibit A to this Agreement are hereinafter referred to as "Member Cities." WHEREAS, several Member Cities have expressed concern about the increasing cost and complexity of managing utilities in public rights-of-way and the desire to receive increased compensation from utilities for their use of such rights-of-way; WHEREAS, several Member Cities who receive their franchise fee payments from Electric Delivery on a prospective yearly basis have expressed interest in transitioning to prospective quarterly payments; WHEREAS, the Signatories desire to resolve outstanding issues related to franchises; and WHEREAS, after extensive negotiations, the Signatories have reached a resolution of those issues. NOW, THEREFORE, the Signatories, through their undersigned representatives, hereby agree to the following: 1. The Signatories agree that this Agreement shall become effective only upon the execution of this Agreement and of the Extension and Modification of Settlement Agreement between the Signatories dated January 27 , 2006. The effectiveness of this Agreement shall be accomplished pursuant to the terms of paragraphs 4 and 19 of the Extension and Modification Settlement Agreement. 2. To recognize the increasing cost and complexity of managing utilities in public rights-of- way, Electric Delivery agrees to increase the franchise fee factor for each Member City on January 1, 2006, by 2%. The franchise fee factor is the amount per kilowatt hour which is multiplied times the number of kilowatt hours of electricity delivered by Electric Delivery to each retail customer whose consuming facility's point of delivery is located within the Member City's municipal boundaries. Electric Delivery will also increase the franchise fee factor to be paid to the Member Cities an additional 1% on January 1, 2007, on January 1, 2008, and on January 1, 2009, for a total potential increase of 5% above the franchise fee factor in effect on December 31, 2005. Exhibit B to this Agreement reflects the franchise fee factors in effect for all Member Cities in 2005, and the increased franchise fee factors for Member Cities provided by this paragraph for 2006, 2007, 2008, and 2009. 3. Electric Delivery's obligation to increase its franchise fee payments to reflect the increased franchise fee factors described in paragraph 2 ceases on the date upon which: (1) Electric Delivery is called in for a rate case by any municipality; (2) a proceeding concerning Electric Delivery's rates is initiated under Subchapters C or D of the Public Utility Regulatory Page 1 Act, Tex. Util. Code Title 2 ("PURA") Chapter 36; (3) a proceeding affecting Electric Delivery's rates is initiated as a result of a settlement; or (4) legislation becomes effective that modifies the franchise fee authorized by PURA. 4. The Signatories agree that if the Public Utility Commission of Texas denies recovery in Electric Delivery's rates of the fees associated with the increased franchise fee factors described in paragraph 2, then the franchise fee factors immediately revert to the franchise fee factors in effect on December 31, 2005. Electric Delivery will not seek to impose a refund or credit obligation on Member Cities for franchise fees already paid under the increased franchise fee factors. 5. Electric Delivery agrees to amend its existing franchise agreements with those Member Cities who receive their annual franchise fee payments from Electric Delivery on a prospective basis, and who wish to receive franchise fee payments on a quarterly basis, to reflect the following points. Implementation of this amendment will be at each eligible Member City's option. Exhibit C is a list of Member Cities who are eligible to take advantage of this provision. For the purposes of this Agreement, "privilege period" is the period during which Electric Delivery will have the right to use the public rights-of-way to deliver electricity to a retail customer. `Basis period" is the period during which kWh delivered to each retail customer whose consuming facility's point of delivery is located within the Member City's municipal boundaries is used for the payment calculation. (a.) In calendar year 2006, the annual payment to be made by Electric Delivery to the eligible Member Cities will be paid in full on the date required by the applicable franchise agreement. (b.) Electric Delivery agrees to amend the franchise of eligible Member Cities to make quarterly payments on a prospective basis in lieu of the annual prospective payments as follows: (i.) A quarterly payment schedule will be established with the first quarterly payment due three months after the 2006 annual payment date in the existing franchise. (ii.) If the franchise amendment reflecting this Agreement is not effective prior to the first quarterly payment date, Electric Delivery will pay any quarterly payments due within 30 days of the effective date of the amendment. Subsequent payments will be made in accordance with the schedule established in the franchise amendment. (iii.) The basis period used in determining the first quarterly payment will be the three-month period immediately following the end of the basis period designated in the existing franchise agreement that corresponds to the last annual payment made in 2006. The basis period used in determining each subsequent quarterly payment will be the subsequent three-month period. Page 2 (iv.) The privilege period covered by the first quarterly payment will be the three-month period immediately following the end of the privilege period designated in the existing franchise agreement that corresponds to the last annual payment made in 2006. The privilege period for each subsequent quarterly payment will be the subsequent three-month period. (c.) For an eligible Member City that chooses to amend its franchise agreement with Electric Delivery in this manner, Electric Delivery will cease to make annual franchise fee payments after December 31, 2006. (g.) In no instance will Electric Delivery agree to payment provisions that would require payment for the same privilege period twice. The franchise amendment must extend the term of the amended franchise agreement for at least five years beyond its current expiration date. Since the quarterly franchise payments will correspond to a privilege period that is more than 12 months beyond the date of the payment, no franchise payments will be made during the final year of the franchise term unless the franchise is extended as set out herein. The amended franchise agreement will include a provision allowing Electric Delivery to elect to make one or more quarterly payments during the final year of the franchise term that will prepay in full the corresponding number of quarterly franchise periods that extend beyond what would otherwise be the term of the franchise agreement. The amended franchise agreement will include a provision requiring that any subsequent franchise agreement must recognize that any quarterly payments made during the final year of the amended franchise agreement term constitute full payment for the relevant quarterly franchise periods. Unless the existing franchise agreement is due to expire within 12 months of the date this Agreement is ratified, no other changes to the franchise will be included as part of this franchise amendment. If the existing franchise agreement is due to expire within 12 months of the date this Agreement is ratified, the parties' ability to negotiate other provisions of the franchise at the time the franchise is amended to accommodate this Agreement is not so limited. 6. Each person executing this Agreement represents that he or she is authorized to sign this Agreement on behalf of the party represented. 7. The Signatories expressly acknowledge and agree that oral and written statements made by any party or its representative during the course of the negotiations that led to this Agreement cannot be used or portrayed as an admission or concession of any sort and shall not be admissible as evidence in any proceeding in any forum. Page 3 Executed on this the 27'day of January, 2006, by the Signatories hereto, by and through their undersigned duly authorized representatives. TXU Electric Delivery Company By: 114V Its: UI -CE -04 06.er Steering Committee of Cities Served by TXU Electric Delivery Company on behalf of all cities listed on Exhibit A to this Agreement Page 4 City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Arlington City of Belton City of Benbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Buffalo City of Burkbumett City of Burleson City of Caddo Mills City of Cameron City of Canton City of Carrollton City of Celina City of Centerville City of Cleburne City of Colleyville City of Collinsville City of Comanche City of Corinth City of Crowley City of Dallas City of Dalworthington Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgecliff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Fort Worth City of Frisco City of Frost City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Gunter City of Harker Heights City of Heath City of Henrietta City of Hewitt Exhibit A City of Highland Park City of Honey Grove City of Howe City of Hurst City of Hutto City of Irving City of Jolly City of Josephine City of Justin City of Kaufman City of Keller City of Kerens City of Lakeside City of Lamesa City of Lindale City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murphy City of Murchison City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point City of Odessa City of Ovilla City of Palestine City of Pantego City of Paris City of Plano City of Ranger City of Rhome City of Richardson City of Richland Hills City of Roanoke City of Robinson City of Rockwall City of Rosser City of Rowlett City of Sherman City of Snyder City of Southlake City of Sulphur Springs City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Tyler City of University Park City of Venus City of Waco City of Watauga City of White Settlement City of Wichita Falls City of Woodway Ji City Name 1 [Addison 2 :Allen Factor 0.002 Exhibit B Steering Committee Cities 2006 2007 2008 2009 0.002595 0.002620 0.002646 0.002671 0.0027 • 0.002850 3 'Alvarado i. 0.0030 0.003158 4 is Andrews 0.003145 0.003208 5 'Archer City 0.00327 0.003339 6 :Arlington 0.00276 • 0.002821 7 =Belton 0.00311 0.003177 0.002878 0.002906 0.002934 0.003189 0.003220 0.003251 0.003239 0.003271 0.003302 0.003372 0.003405 0.003438 0.002849 0.002877 0.002904 0.003208 0.003240 0.003271 8 Benbrook 9 lBfg S 0.003002 0.003062 0.00267 • 0.003092 0.003122 0.003152 0.002723 0.002750 0.002777 0.002804 10 Breckenri 11 I Bri eport 12 ; Brownwood 13 !Buffalo 14 Burkbumett 15 !Burleson L 16 .Caddo Mills 17 [Cameron 18 Canton [Carrollton19 C 20 ICelina 21 !Centerville 0.002251 0.002296 0.002319 0.002341 0.002364 0.00254 0.002598 0.002623 0.002649 0.002674 0.00306 • 0.003130 0.003161 0.003192 0.003222 0.003133 0.003196 0.003227 0.003258 0.003290 0.003003 0.003063 0.003093 0.003123 0.003153 0.002976 0.003036 0.003065 0.003095 0.003125 0.003418 0.003486 0.003521 0.003555 0.003589 0.002873 0.002930 0.00321 0.002959 0.002988 0.003280 0.003312 0.003345 0.003017 0.003377 0.002695 0.002749 0.002776 0.002803 0.002830 0.003200 0.003264 0.003296 0.003328 0.003360 0.003150 0.003213 0.003245 0.003276 0.003308 22 ;Cleburne 23 TColleyville 0.002354 0.002401 0.002425 0.002448 0.002472 0.002984 0.003044 0.003074 0.003103 0.003133 24 Collinsville 25 [Comanche 0.003212 0.003276 0.003308 0.003340 0.003373 26 Corinth a 27 [Crowley 28 ;Dallas r 29 Dalworthington Gardens 30 De Leon r 31 [Denison 32 Ea 0.003203 0.003267 0.003299 0.003331 0.003363 0.002901 0.002959 0.002988 0.003017 0.003046 0.003095 0.003157 0.003188 0.003219 0.003250 0.002622 0.002674 0.002701 0.002727 0.002753 0.003023 0.003083 0.003114 0.003144 0.003174 0.003280 0.003346 0.003378 0.003411 0.003444 0.002766 0.002821 0.002849 0.002877 0.002904 33 !Eastland Eastland 0.003221 0.003285 0.003318 0.003350 0.003382 0.003148 0.003211 0.003242 0.003274 0.003305 34 Edgeciiff Village 0.002796 35L Euless 0.002971 36 Farmers Branch 0.002452 r 37 [Flower Mound 0.003031 38 Forest Hill 0.002915 !Fort :Fort Worth 0.002651 0.002852 0.002880 0.002908 0.002936 0.003030 0.003060 0.003090 0.003120 0.002501 0.002526 0.002550 0.002575 0.003092 0.003122 0.003152 0.003183 0.002973 0.003002 0.003032 0.002704 0.002731 0.002757 0.003061 0.002784 40 ;Frisco 41 [Frost Frost L 0.002964 0.003023 0.003053 0.003083 0.003112 0.003336 0.003403 0.003436 0.003469 0.003503 42 Glenn Heights 43 `:Grand Prairie 0.003110 0.003172 0.003203 0.003234 0.003266 0.002651 0.002704 0.002731 0.002757 0.002784 44 :Granger 45 [Grapevine 46 Gunter 0.003392 0.003460 0.003494 0.003528 0.003562 0.002545 0.002596 0.002621 0.002647 0.002672 0.003103 0.003165 0.003196 0.003227 0.003258 47 Harker Heights 48 rHeath 0.003099 0.003161 0.003192 0.003223 0.003072 0.003133 0.003164 0.003254 0.003195 0.003226 49 [Henrietta L.. 0.003226 50 :Hewitt 0.003060 ..r.« 51 [Highland Park 0.002885 52 Honey Grove 0.003388 53 [Howe 54 Hurst 0.003291 0.003323 0.003355 0.003387 0.003121 0.003152 0.003182 0.003213 0.002943 0.002972 0.003000 0.003029 0.003456 0.003490 0.003524 0.003557 0.003245 0.003310 0.003342 0.003375 0.003407 0.002979 0.003039 0.003068 0.003098 0.003128 City Name Factor Exhibit B 2006 2007 2008 2009 55 Hutto 0.003395 0.003463 56 !Irving 0.00265 s 0.002703 0.00296 0.003026 0.003497 0.003531 0.003565 57 `Jolly 58 €Josephine 59 `Justin W 60 Kaufman 61 !Keller a 62 Kerens 0.002730 0.002756 0.002783 0.003056 0.003086 0.003115 0.003221 0.003285 0.003318 0.003350 0.003382 0.003243 0.003308 0.003340 0.003373 0.003405 0.00302 • 0.003090 0.003120 0.003150 0.003180 0.003061 0.003122 0.003153 0.003183 0.003214 0.003312 0.003378 0.003411 0.003444 0.003478 63 :Lakeside 64 Lamesa 0.0031 0.003231 0.003263 0.003295 0.003326 65 [undale 66 Tuttle River -Academy 67 !Malakoff Y 68 ;Mansfield 69'Mckinney 70 Midland 71 !Milford 0.003045 0.003106 0.003136 0.003167 0.002999 0.003059 0.003089 0.003119 0.003197 0.003149 0.003156 0.003219 0.003251 0.003282 0.003314 0.002847 0.002904 0.002932 0.002961 0.002989 0.002834 0.002891 0.002919 0.002947 0.002976 0.002728 0.002783 0.002810 0.002837 0.002864 0.002944 0.003003 0.003032 0.003062 0.003091 0.003383 0.003451 0.003484 0.003518 0.003552 72 € Murchison 73 rMurph�r 74 !New Chapel Hill 75 =North Richland Hills Y•• 76 ODonnell 77 !Oak Leaf 0.003351 0.003418 0.003452 0.003485 0.003519 0.003078 0.003140 0.003170 0.003201 0.003232 0.003156 0.003219 0.003251 0.003282 0.003314 0.002837 0.002894 0.002922 0.002950 0.002979 0.003332 0.003399 0.003432 0.003465 0.003499 0.002965 0.003024 0.003054 0.003084 0.003113 78 :Oak Point 79 [Odessa 80 Ovilla 0.003078 0.003140 0.003170 0.003201 0.003232 0.003046 0.003107 0.003137 0.003168 0.003198 0.003038 0.003099 81 ;Palestine Y 82 IPantego 83 €Paris 84 !Plano 0.003017 0.003077 0.003129 0.003160 0.003190 0.003108 0.003138 0.003168 0.003210 0.003274 0.003306 0.003338 0.003371 0.002407 0.002455 0.002479 0.002503 0.002527 0.002730 0.002785 0.002812 0.002839 0.002867 85 'Ramer 86 Rhome 0.003232 87 !Richardson 88 :Richland Hills 0.003297 0.003329 0.003361 0.003394 0.003180 0.003244 0.003275 0.003307 0.003339 0.002608 0.002660 0.002686 0.002712 0.002738 0.003094 0.003156 0.003187 0.003218 0.003249 89 Roanoke Y 0.003167 0.003230 0.003262 0.003294 0.003325 90 Robinson 91 !Rockwall Y 92 Rosser 0.003119 0.003181 0.003213 0.003244 0.003275 0.002813 0.002869 0.002897 0.002926 0.002954 0.003258 0.003323 0.003356 0.003388 0.003421 93 ':Rowlett a 94 ;Sherman 95 Snyder 0.003068 0.003129 0.003160 0.003191 0.003221 0.002281 0.002327 0.002349 0.002372 0.002395 0.003173 0.003236 0.003268 0.003300 0.003332 96 Southlake 0.003031 0.003092 0.003122 97 Sulphur Springs 98 ;Sunnyvale 0.002767 0.002433 0.002822 0.003152 0.003183 0.002850 0.002878 0.002905 0.002482 0.002506 0.002530 0.002555 99 .Sweetwater 100 :Temple 101 The Colony 0.003100 0.003162 0.003193 0.003224 0.003255 0.002526 0.002978 102 iTyler 0.002648 103 [University Park 0.002792 104 ;Venus 0.003313 105 'Waco 0.002630 106 :Watauga 0.002968 107 White Settlement 0.002952 108 Wichita Falls 0.002841 0.002577 0.002602 0.002627 0.002652 0.003038 0.003067 0.003097 0.003127 0.002701 0.002727 0.002754 0.002780 0.002848 0.002876 0.002904 0.002932 0.003379 0.003412 0.003446 0.003479 0.002683 0.002709 0.003027 0.003057 0.002735 0.002762 0.003087 0.003116 0.003011 0.003041 0.003070 0.003100 0.002898 0.002926 0.002955 0.002983 109 Woodway 0.002692 0.002746 0.002773 0.002800 0.002827 City of Addison City of Allen City of Alvarado City of Andrews City of Archer City City of Belton City of Benbrook City of Big Spring City of Breckenridge City of Bridgeport City of Brownwood City of Burkbumett City of Colleyville City of Corinth City of Crowley City of Dalworthington Gardens City of DeLeon City of Denison City of Early City of Eastland City of Edgecliff Village City of Euless City of Farmers Branch City of Flower Mound City of Forest Hill City of Glenn Heights City of Grand Prairie City of Granger City of Grapevine City of Heath City of Henrietta City of Hewitt City of Honey Grove City of Irving City of Jolly City of Josephine City of Justin City of Lakeside City of Lamesa City of Little River Academy City of Malakoff City of Mansfield City of McKinney City of Midland City of Murchison City of Murphy City of New Chapel Hill City of North Richland Hills City of O'Donnell City of Oak Leaf City of Oak Point Exhibit C City of Odessa City of Ovilla City of Pantego City of Paris City of Plano City of Rhome City of Richland Hills City of Roanoke City of Robinson City of Rosser City of Rowlett City of Snyder City of Southlake City of Sunnyvale City of Sweetwater City of Temple City of The Colony City of Watauga City of White Settlement City of Wichita Falls City of Woodway ACKERLY ALEDO ALMA ANGUS ANNETTA ATTACHMENT 1 Annual Prepay Non -Steering Committee Cities CHANDLER CHICO CHIRENO CLARKSVILLE COAHOMA FAIRVIEW FORSAN GAINESVILLE GARLAND GARRETT ANNETTA NORTH COLORADO CITY GEORGETOWN ANNETTA SOUTH APPLEBY ARGYLE ATHENS AURORA AZLE BALCH SPRINGS BARRY BARTLETT BEDFORD BELLEVUE BELLMEAD BELLS BEVERLY HILLS BLUE MOUND COMMERCE COOL COOPER COPPELL CORSICANA CRANDALL CRANE CRESSON GHOLSON GODLEY GOUNDA GOODLOW GORMAN GRAFORD GRAHAM GRANDFALLS CROSS ROADS GRAPELAND KNOLLWOOD KRUM LACY-LAKEVIEW NACOGDOCHES RENO-LAMAR VALLEY VIEW NAVARRO RENO -PARKER VAN NEVADA RETREAT WEIR LAKE BRIDGEPORT NEW FAIRVIEW RICHLAND WELLS NEWARK RIESEL WESTBROOK NEYLANDVILLE RIVER OAKS WESTOVER HILLS WESTWORTH ROSCOE VILLAGE ROXTON WICKETT ROYSE CITY WILLOW PARK RUNAWAY BAY WILMER SACHSE WINDOM SADLER WINK SAGINAW WYLIE SALADO YANTIS SANCTUARY ZAVALLA SANSOM PARK SAVOY SHADY SHORES SOUTHMAYD SPRINGTOWN STANTON SUNSET THORNTONVILLE THRALL TIRA TOOL TRINIDAD TROPHY CLUB LAKE DALLAS LAKE WORTH LAKESIDE CITY LATEXO LAVON LEONA LEROY LINDSAY LIPAN LORAINE LORENA CUMBY GUN BARREL CITY LOVELADY DEAN HALTOM CITY DESOTO HASLET DIBOLL DODD CITY DORCHESTER BRUCEVILLE-EDDY DUNCANVILLE BUCKHOLTS BURKE BYNUM CAMPBELL CANEY CITY CARBON CASHION COMMUNITY EDOM ELECTRA ELGIN ENCHANTED OAKS EUREKA EUSTACE EVERMAN NOLANVILLE NOONDAY NORTHLAKE OAK GROVE OAK VALLEY OGLESBY PARADISE PARKER PAYNE SPRINGS PECAN HILL LOWRY CROSSING PENELOPE MARSHALL CREEK HEBRON MAYPEARL MCLENDON- HICKORY CREEK CHISHOLM HIDEAWAY HOLLIDAY HUDSON HUDSON OAKS HUTCHINS IOWA PARK JOSHUA KEENE KENNEDALE MELISSA MILANO MILDRED MILLSAP MOBILE CITY MONAHANS MORGANS POINT RESORT MUENSTER MUSTANG PFLUGERVILLE PLEASANT VALLEY PONDER POST OAK BEND CITY POTTSBORO POWELL POYNOR PRINCETON PYOTE QUINLAN RAVENNA RED OAK TROY