Ordinance No. 2020-04: Power Cost Factor to be Raised to .085¢
Jun 19, 2020
ORDINANCE NO. 2020-04
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SEYMOUR, TEXAS, AMENDING AND REPEALING ALL PAST ORDINANCE RELATING TO THE POWER COST ADJUSTMENT FACTOR (PCAF) CHARGES FOR ELECTRICITY SOLD OR SUPPLIED BY THE CITY OF SEYMOUR, TEXAS, AND DECLARING AN EMERGENCY. THIS ORDINANCE WILL DETERMINE WHETHER POWER COST FACTOR WILL BE LEFT AT $0.650 OR RAISED TO $0.850.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SEYMOUR, TEXAS:
Referencing all rates, a billing adjustment paragraph is hereby amended and repealed or left as is until further notice. The Power Cost Adjustment Factor will be amended from $0.650 per kwh to $0.850 until further notice.
WHEREAS, the importance of this ordinance creates an emergency and imperative public necessity that the rule requiring ordinance to be read at three separate meetings be suspended, and this rule is hereby suspended, and the ordinance shall take affect and be in force on and after its passage, and effective date for collection of service fees will be July 1, 2020.
PASSED AND APPROVED ON THIS THE 18 DAY OF JUNE 2020.
JON HRNCIRIK, MAYOR
CONCHITA TORREZ, CITY SECRETARY, TRMC