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RE 2018-1009.1 TNMP RESOLUTION NO. 2018-1009.1 A RESOLUTION OF THE CITY OF COPPELL, TEXAS FINDING THAT TEXAS-NEW MEXICO POWER COMPANY’S (“TNMP”) APPLICATION TO CHANGE RATES WITHIN THE CITY SHOULD BE DENIED; FINDING THAT THE CITY’S REASONABLE RATE CASE EXPENSES SHALL BE REIMBURSED BY THE COMPANY; FINDING THAT THE MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW; REQUIRING NOTICE OF THIS RESOLUTION TO THE COMPANY AND LEGAL COUNSEL. WHEREAS, the City of Coppell, Texas (“City”) is an electric utility customer of Texas- New Mexico Power Company (“TNMP” or “Company”), and a regulatory authority with an interest in the rates and charges of TNMP; and WHEREAS, the City is a member of Cities Served by Texas-New Mexico Power Company (“TNMP Cities”), a coalition of similarly situated cities served by TNMP that have joined together to efficiently and cost effectively review and respond to electric issues affecting rates charged in TNMP’s service area; and WHEREAS, on or about May 30, 2018, TNMP filed with the City an application to increase system-wide transmission and distribution rates by $33.3 million or approximately 16.6% over present revenues. The Company asks the City to approve a 23.4% increase in residential rates and a 11.8% increase in street lighting rates; and WHEREAS, the TNMP Cities is coordinating its review of TNMP’s application and working with the designated attorneys and consultants to resolve issues in the Company’s filing; and WHEREAS, by previously adopted Resolution 2018-0612.2 has suspended any proposed changes and rates; and WHEREAS, through review of the application, the TNMP Cities’ consultants determined that TNMP’s proposed rates are excessive; and WHEREAS, TNMP Cities’ members and attorneys recommend that members deny TNMP’s application. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: 1 TM 103122 SECTION 1. That the rates proposed by TNMP to be recovered through its electric rates charged to customers located within the City limits, are hereby found to be unreasonable and shall be denied. SECTION 2. That the Company shall continue to charge its existing rates to customers within the City. SECTION 3. That the City's reasonable rate case expenses shall be reimbursed in full by TNMP within 30 days of the adoption of this Resolution. SECTION 4. That it is hereby officially found and determined that the meeting at which this Resolution is passed is open to the public as required by law and the public notice of the time, place, and purpose of said meeting was given as required. SECTION 5. That a copy of this Resolution shall be sent to TNMP, care of Scott Seamster, Associate General Counsel, 577 N. Garden Ridge Blvd., Lewisville, TX 75067 and to Chris Brewster, at Lloyd Gosselink Rochelle & Townsend, P.C., P.O. Box 1725, Austin, TX 78767-1725, or cbrewster@lglawfirm.com. IA i PASSED AND APPROVED this 9 day •f / , A/i , 2018. / ,LjAiki 0 rA _, ars n Selbo Hunt, ayor ATTE T: .Y' t/44( ,,,„7- Christel Pettinos, ty Secretary APPROV' . • S TO FO' : ,/_...41 / f f / ,, Robert E. Hager, Cit/torney 2 TM 103122