1137RESOLUTION NO. ~1 3 1
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF WEST MEMPHIS, ARKANSAS
APPROVING A SETTLEMENT AGREEMENT IN
FEDERAL ENERGY REGULATORY COMMISSION
DOCKET NUMBER ER82-705-002, ET.AL.,
PROVIDING FOR AMENDMENTS TO THE
POWER COORDINATION INTERCHANGE AND
TRANSMTS5IOPi AGREEMENTS SUB:TECT
THERETO, AND FOR THE PURPOSES
WHEREAS, the Formula Rates of Arkansas Power and
Light Company (AP&L), chargable to the City of West
Memphis, Arkansas and other co-owners of the White Bluff
and Independence Steam Electric Stations have recently
been the subject of administrative litigation in Federal
Energy Regulatory Commission (FERC) Docket No. ER82-705-
002 for rates payable during the 1987-88 contract year;
and,
WHEREAS, AP&L in November, 1987 filed an
Application for Increases in Wholesale rates to West
Memphis and others in FERC Docket No. ER88-94-000 to
commence in the 1988-89 contract year; and,
WHEREAS, all the principal parties to the
referenced FERC proceedings including the FERC staff
__ have agreed upon a methodolgy to settle the two (2) open
Dockets which will not cause an increase in wholesale
electric rates to the City of West Memphis, Arkansas;
NOW THEREFORE BE IT 12ESOLVED by the City Council of
West Memphis, Arkansas:
SECTION 1. The Settlement Agreement attached
hereto is hereby approved by the City Council of the
City of West Memphis, Arkansas and the Mayor and City
Clerk are hereby authorized and directed to execute it
on behalf of the City of West Memphis, Arkansas.
SECTION 2. This Resolution shall be in full force
and effect from and after its passage and approval.
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PASSED I ~ ~ p,~pRO~ED:
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ATTEST:
City Clerk
Date