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Council To Address Energy Rate Increase Request
Monday, 21 July 2008
By THOMAS JENKINS
Staff Writer
A proposed rate increase from Oncor Electric Delivery — and the city of Big Spring's efforts to validate it — will take center stage Tuesday night during the city council meeting.

The council is expected to give final approval to a resolution that would effectively suspend the rate increase — which totals more than $270 million — and spur an investigation into the necessity of the rate increase.

“We have until Aug. 8 to suspend that rate increase or it will go into effect,” City Finance Director Peggy Walker told the council two weeks ago. “This resolution will take care of that. We will hire a legal consultant, a legal representative to review the rate to determine if it's necessary and if it's reasonable. If it's not, we'll go forward with them through negotiations with the steering committee, which we are a member of.

“The overall increase is about $275 million. We have built into our rate case through the steering committee that all rate case related costs will be absorbed by Oncor. So all costs associated with this suspension will be reimbursed to the city,”

Mayor Russ McEwen recently expressed his frustration over the proposed rate increase, claiming the majority of similar requests the city receives are over-inflated.

“It is so frustrating that we can't have people we do business with that we trust and will give us an (honest) rate increase. They ask for this much,” said McEwen, stretching his arms out wide, '”wanting this much,” he added, bringing his hands close together. “It really is frustrating.”

The council approved first reading of the measure by a unanimous vote.

Also during Tuesday's meeting, the council will consider:
• Final reading of a resolution authorizing expenditures from the Capital Revolving Fund for water and
wastewater treatment plant renovations.
• Acceptance of minutes from meetings of the Zoning Board of Adjustments and Appeals and the Howard County Appraisal District Board Directors.
• Approval of late homestead exemption refunds for the month of June 2008.
• Approval of an agreement for audit services with Bolinger, Segars, Gilbert & Moss LLP and authorizing mayor or mayor pro tem to execute the agreement.
• Approval of an agreement for assessment and collation of property taxes and authorizing mayor or mayor pro tem to execute the agreement.
• Approval of a subscription renewal agreement with LexisNexis for online legal research and authorizing City Attorney Linda Sjogren to execute the agreement.
• Approval of the investment report for the quarter ending June 30, 2008.
The meeting is to begin at 5:30 p.m. in the council chambers, located at 307 E. Fourth St.

Contact Staff Writer Thomas Jenkins at 263-7331 ext. 232 or by e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Last Updated ( Tuesday, 22 July 2008 )
 
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