22-2542ORD[NANCE NO. 22-2542
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AMENDING THE EXPENDITUREOF FUNDS TO AUTHORIZE AN INCREASE OF $131,069.00 FOR THE PAYMENT OFWHOLESALE TRANSMISSION CHARGES TO THE LOWER COLORADO RIVERAUTHORITY; DECLARING A PUBLIC PURPOSE; AND PROVIDING AN EFFECTIVEDATE
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");
WHEREAS, City of Denton Ordinance No. 21-2095 authorized the expenditure of funds
for the payment of wholesale transmission charges in the amount of $2,526,852.84 to Lower
Colorado River Authority, a Transmission Service Provider, for its TCOS; and
WHEREAS, Ordinance No. 21-2095 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 payment to the Lower Colorado
River Authority for wholesale transmission charges in accordance with PURA and the true upperformed by the PUCT; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDA INS:
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. 21-2095 is hereby amended to allow for an increase in
payment by $131,069.00 for the transmission charges to Lower Colorado River Authority which
will increase the total payment from $2,526,852.84 to $2,657,921.84.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval.
s e c o n d J h : yIT1 o \1)1; FaTa::o tb=b 1{$1 :1F : Ires 1(1:: wIsE SEn fIve d by atEfollowing vote U - (L] :
Aye
V‘
Jd
jdIZ
Nay Abstain Absent
Mayor Gerard Hudspeth:Vicki Byrd, District 1 :Brian Beck. District 2:
Jesse Davis, District 3 :
VACANT. District 4:
Brandon Chase McGee,
At Large Place 5 :
Chris Watts, At Large Place 6:
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PASSED AND APPROVED this the IOb d,y ,f
ATTEST:
ROSA RIOS, CITY SECRETARY
MAYOR
BY: gz In/
APPROVED AS TO LEGAL FORM:
MACK RETNWAND, CITY ATTORNEY
BY:Susan he llerg:?r£lx2s£?ln2:Lbr£;;;n6K;!F£'
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