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1987-13718~9L AN ORDINANCE AUTHORIZING THE DIRECTOR OF UTILITIES TO EXECUTE CONTRACTS WITH ELECTRIC UTILITY CUSTOMERS TO REDUCE ELECTRICAL POWER DEMAND, AUTHORIZING CREDITS ON UTILITY BILLS FOR CUSTOMERS WHO EXECUTE SUCH CONTRACTS, AND PROVIDE AN EFFECTIVE DATE WHEREAS, the C~ty Council of the City of Denton, Texas hereby finds that the reduction of consumption of peak etectrlc power serves a public purpose by allowing the Clty to postpone the construction of additional generation facilities, and WHEREAS, the City Council, acting upon the recommendation of C~ty staff and the Public Utility Board, desires to reduce electrloal power demand by the customers of the City of Denton Utlllt~es, and WHEREAS, the C~ty council f~nds that the offering of electric utility bill credit ~ncent~ves to customers who agree to reduce peak demand upon request by the C~ty would reduce electric demand and the efficient utilization of the C~ty's ex~st~ng electric power utility system would be enhanced, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I That the C~ty Council hereby authorlzes the Clty Manager to establish a program to provide electric utlllty blll ~ncent~ves at a rate of twelve dollars per kw demand to City of Denton customers who execute contracts authorizing the c~ty to ~nterrupt power under the terms and conditions set forth ~n the contracts, the program being authorized for the months of August and September of each year SECTION II That the Executive D~rector of Electric Utilities ~s hereby authorized to execute such contracts on behalf of the C~ty SECTION III That this ordlnance shall become effective ~mmed~ately upon ~ts passage and ~al ~ PASSED AND APPROVED this the day ofl , 1987 ATTEST JE~I~fR-~ALTERS, CITY SEC~ETARx APPROVED AS TO LEGAL FORM DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY