Loading...
24-121ORDINANCE NO. 24- 121 AN ORDINANCE OF THE CITY OF DENTON, A HOME-RULE MUNICIPAL CORPORATION, AUTHORIZING THE GENERAL MANAGER OF DENTON MUNICIPAL ELECTRIC TO EXECUTE AN AGREEMENT WITH THE PUBLIC UTILITIES COMMISSION OF TEXAS (PUCT) SETTLING A DISGORGEMENT OF $42,012.60 FOR REVENUES RECEIVED BY DENTON MUNICIPAL ELECTRIC IN FEBRUARY OF 202 1 FROM THE ELECTRIC RELIABILITY COMMISSION OF TEXAS (ERCOT); AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Denton Municipal Electric operates within the ERCOT region and as such is subject to the authority of the Division of Compliance and Enforcement at the Public Utility Commission of Texas; and WHEREAS, During Winter Storm Uri in February of 2021, Denton Municipal Electric received payments from ERCOT due to the alleged improper reporting of the generation status of the Denton Energy Center during the storm; and WHEREAS, Denton Municipal Electric has checked its records and recommends accepting the settlement terms; and WHEREAS, the City Manager recommends that the City Council approve and authorize the settlement and payment of the disgorgement to ERCOT; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The recitals contained in the preamble of this ordinance are true and correct and are incorporated into the body of this ordinances as if fully set out herein. SECTION 2. The expenditure of funds in an amount not to exceed $42,012.60 is authorized to be refunded the Electric Reliability Commission of Texas. This ordinance also delegates authority to the Denton Municipal Electric General Manager to negotiate and execute any required documentation in connection with such payment. SECTION 3. This ordinance shall become effective immediately upon its passage and approval. The motion to approve ,this ordinance was made by grt A\ Bec it and seconded by J'c )'ll 1,~) . The ordinance was passed and approved bythe following vote Aye ,/ ,/7 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 : Chris Watts, At Large Place 6: J ,/ ,/ \) P JrIIIIL S S E 1:) JrIIIILL ]N][ 1:1} ]fIIIL P PROVED this the 23 r day of J'„-&fy . 2024. &hIdga ATTEST: JESUS SALAZAR, CITY SECRETARY \\\\\11 iII /// APPROVED AS TO LEGAL FORM: MACK REINWAND, CITY ATTORNEY Digitally signed by Marcella Lunn DN: dc=com, dc=cityofdenton, and Groups, ou=General \R\ email=Marcella.Lunn@cityofdent B: Ie: 2024.01.18 13:47:19 -06'oo' XktM\a__H:::Fin