77-01 R - Increase Texas Power & Light Rates r
4.411,0 RESOLUTION NO. 77—/
WHEREAS , Texas Power & Light Company, on December 22 ,
1976 , did file its application for increase in its rates; and,
WHEREAS , the City Council of the City of Prosper
did heretofore suspend the effective date of said requested rate
:.ncrease, so that the same would not go into effect on January 26 ,
1977; and,
1 WHEREAS, having held a public hearing with regard to
such rate request; and,
WHEREAS , being aware of the Public Utility Commissior.
1 of the State of Texas ' decision this date, wherein it declared
tlioat Texas Power & Light Company was entitled to a rate increase
which would generate $58 ,242 ,508. ; NOW, THEREFORE ,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
4 Prosper AS FOLLOWS :
�r 1. That Texas Power & Light Company is entitled to
a rate increase which will generate throughout
its system $58 ,242 ,508 . in increased revenue.
2 . That the City Council of the City of Prosper
hereby approves , the rates and tariffs of Texas
Power & Light Company approved by the Public
Utility Commission in Docket #178 of rates and
tariffs under which said Company is authorized
to render electric service and to collect charges
from its customers for the sale of electric power
and energy within the corporate limits of the
City until such time as said Rate Schedules and
Service Regulations may be changed, modified,
amended or withdrawn, with the approval of the
City Council.
3. That the Service Regulations of Texas Power & Light
Company filed with the City Secretary on December
460 22 , 1976 , be, and the same are hereby approved.
4. That such rates , will be effective immediately
and shall apply to all bills rendered on and
after June 26 , 1977.
efl/'°
Passed and adopted this 19 day of May , 1977 .
4/ Mayor
ATTEST:
ihme City Secretary/