HomeMy WebLinkAboutORD 23-060ORDINANCE NO. 23-060
AN ORDINANCE BY THE CITY OF BEAUMONT TEXAS ("CITY")
AUTHORIZING THE SETTLEMENT OF THE PROPOSED FUEL
RECONCILIATION OF ENTERGY TEXAS, INC.; FINDING THAT
THE MEETING COMPLIES WITH THE OPEN MEETINGS ACT;
MAKING OTHER FINDINGS AND PROVISIONS RELATED TO
THE SUBJECT; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, on or about September 28, 2022, Entergy Texas, Inc. ("ETI" or the
"Company") filed an Application for Authority to Reconcile Fuel and Purchased Power
Costs with the Public Utility Commission of Texas (Commission") to reconcile
approximately $1.67 billion in fuel and purchased power expenses incurred between
April 1, 2019 and March 31, 2022; and
WHEREAS, the Company requested that an under -recovery balance of
approximately $103.1 million be carried forward as the beginning balance for the
subsequent reconciliation period; and
WHEREAS, ETI, Commission Staff, and other intervening parties including the
Steering Committee of Cities participated in settlement discussions to resolve issues
raised regarding the fuel reconciliation application without litigation; and
WHEREAS, pursuant to the parties' settlement agreement, ETI agreed that the
beginning balance for the subsequent reconciliation period will be approximately $99.6
million instead of the requested $103.1 million; and
WHEREAS, the Lawton Law Firm and Commission Staff have recommended
approval of the Settlement terms as a reasonable alternative to resolve the fuel
reconciliation issues without litigation; and
WHEREAS, there will be no immediate rate impact on customers as ETI did not
request to implement a surcharge to collect the under recovery balance at this time.
NOW THEREFORE, BE IT ORDAINED
BY THE CITY COUNCIL OF THE CITY OF BEAUMONT TEXAS, THAT:
Section 1.
That the statement and findings set out in the preamble to this Ordinance are
hereby in all things approved and adopted.
Section 2.
The City of Beaumont hereby authorizes the settlement of the ETI fuel
reconciliation proceedings such that the beginning balance of the subsequent
reconciliation period will be approximately $99.6 million.
Section 3.
The meeting at which this ordinance was approved was in all things conducted in
strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter
551.
Section 4.
This ordinance shall become effective from and after its passage.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 8th day of
August, 2023.
ayor Roy W t -
ATTEST: