HomeMy WebLinkAbout24-1518ORDrNANCE NO. 24- 1518
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AMEND[NG THE EXPENDITURE
OF FUNDS TO AUTHORIZE AN INCREASE OF $858,593.15 FOR THE PAYMENT OF
WHOLESALE TRANSMISSION CHARGES TO AMERICAN ELECTRIC POWER, CITY OF
BRYAN, ELECTRIC TRANSMISSION TEXAS, GARLAND POWER & LIGHT, AND
LOWER COLORADO RIVER AUTHORITY; DECLARING A PUBLIC PURPOSE; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, all Distribution Service Providers ("DSP'’) in the Electric Reliability Council
of Texas (" ERCOT") are required under the Texas Public Utility Regulatory Act (“PURA”) to
compensate Transmission Service Providers for wholesale transmission charges, commonly
referred to as Transmission Cost of Service ("TCOS"), after the same have been filed with and
approved by the Public Utility Commission of Texas (’'PUCT"); and
WHEREAS, City of Denton Ordinance No. 23-2262 authorized the expenditure of funds
for the payment of wholesale transmission charges in the amount of $7,991,437.91 to American
Electric Power, Cross Texas Transmission, Electric Transmission of Texas, Garland Power &
Light, Lone Star Transmission, Lower Colorado River Authority, Sharyland Utilities, Texas
Municipal Power Agency, and Wind Energy Transmission Texas, Transmission Service Providers,
for its TCOS; and
WHEREAS, Ordinance No. 23-2262 indicated the PUCT would perform a true up on the
amount of wholesale transmission charges for the TSPs listed in the ordinance and that additional
payment could be required; and
WHEREAS, the City of Denton desires to increase the payments to American Electric
Power, City of Bryan, Electric Transmission Texas, Garland Power & Light, and Lower Colorado
River Authority for wholesale transmission charges in accordance with PURA and the true up
performed by the PUCT; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the above preamble to this Ordinance are true and
correct and are hereby adopted.
SECTION 2. Ordinance No. 23-2262 is hereby amended to allow for an increase in
payment by $858,593.15 for the transmission charges to American Electric Power, City of Bryan,
Electric Transmission Texas, Garland Power & Light, and Lower Colorado River Authority which
will increase the total payment from $7,991,437.91 to $8,850,03 1.06.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval.
The motion to approve this ordinance was made by J .' H'I/'- B
seconded by rJ , and was pass
vote B - b ]:
Aye
,/
,/
Nay Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck. District 2:
Paul Meltzer. District 3 :
Joe Holland. District 4:
Brandon Chase McGee.
At Large Place 5 :
Jill Jester, At Large Place 6:
-L
1/
./
./
b/
PASSED AND APPROVED thi, th, 26+- d,y of n'buS+. 2024
’'A
ATTEST
LAUREN THODEN. CITY SECRETARY
D kbBY: E LLLk
APPROVED AS TO LEGAL FORM:
MACK RE[NWAND, CITY ATTORNEY
BY: 5;asan kleCter