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81-03 O - Suspending Date of Rate of Texas Power and Light ORDINANCE NO. 4/-3 AN ORDINANCE SUSPENDING THE EFFECTIVE DATE OF PROPOSED REVISIONS OF RATES AND SCHEDULES OF TEXAS POWER & LIGHT COMPANY FOR 120 DAYS FROM APRIL 10, 1981; PROVIDING THAT THE RATES OF SAID PUBLIC UTILITY SHALL REMAIN UNCHANGED DURING THE PERIOD OF SUSPENSION: AND PROVIDING FOR NOTICE HEREOF TO SAID _PUBLIC UTILITY. WHEREAS, Texas Power & Light Company heretofore, on March 6, 1981, filed with the Governing Body of this City a Statement of Intent and Petition for Authority to Change Rates for electric service provided by it within the corporate limits of the City and proposed that the revised schedules and rates become effective on April 10, 1981; and WHEREAS, the City Council is of the opinion that there is necessity to consider a large amount of data in connection with the request and there is a necessity for public hearings thereon prior to final determination of the rate request, and consequently that the operation and effective date of the proposed schedule of rates should be suspended for final determination of the rate request; NOW THEREFORE: BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PROSPER, TEXAS: Section 1 The effective date of the proposed revision of rates and schedules of Texas Power & Light Company for electric service within the City, heretofore filed on March 6, 1981, is hereby suspended for a period of 120 days from April 10, 1981. The reason for such suspension is to provide additional time for consideration of data, for the conduct of public hearings and for final determination of the propriety of tae request for a rate increase. Section 2 The rates of Texas Power & Light Company for electric service within the City in effect on March 6, 1981 shall continue in force during the period of suspension as provided in Section 1. Section 3 The City Secretary is hereby directed, promptly after passage hereof, to furnish a copy of this Ordinance to Texas Power & Light Company. PASSED AND APPROVED THIS 10th day of March 10, 1981. / -4/-6c i Mayo ATTEST: 3 /6' j'/ City Secretary APPROVED AS TO FORM AND LEGALITY: City Attorney