HomeMy WebLinkAboutORD 23-042 ORDINANCE NO. 23-042
AN ORDINANCE BY THE CITY OF BEAUMONT, TEXAS ("CITY")
AUTHORIZING THE SETTLEMENT OF THE PROPOSED RATE
INCREASE 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 July 1, 2022, Entergy Texas, Inc. ("ETI" or the
"Company") filed a Statement of Intent and Application for Authority to Change Rates
with the City of Beaumont ("City") and concurrently with the Public Utility Commission of
Texas (Commission") to increase electric rates in the Entergy Service Area by
approximately $131.4 million per year; and,
WHEREAS, the City denied the Company's rate request and the Company
appealed the City's rate denial ordinance to the Commission; and,
WHEREAS, ETI, Commission Staff, and other intervening parties including the
Steering Committee of Cities participated in settlement discussions to resolve the rate
case issues without litigation; and,
WHEREAS, ETI has agreed to settle the rate request at a rate increase level of
$54 million per year; and,
WHEREAS, the Lawton Law Firm and Commission Staff have recommended
approval of the Settlement terms as a reasonable alternative to resolve the rate case
issues without litigation;
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
rate case proceedings at the rate increase level of$54 million per year.
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 3IT NCIL of the City of Beaumont this the 2nd day of
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May 2023. �6L_ __r4420 al(16"-- Au-61,c
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- Mayor Robin Mouton -
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