Lewisville and Coppell are members of a coalition of cities served by the company. Texas-New Mexico Power filed an application for approval to amend its distribution cost recovery factor April 5. The electric utility company is seeking a $14.8 million increase in distribution revenues, according to Coppell council’s May 9 agenda item.
Coppell council went on to approve a resolution denying the company’s proposal. Lewisville City Council also denied the proposal at their May 15 meeting.
The denial will allow Lewisville and Coppell to work with other cities in the company’s service area. The coalition will evaluate the filing, determine whether it complies with the law, then determine the best course of action to keep distribution rates as low as possible.
The Public Utility Commission of Texas allows cities 60 days to act, according to Lewisville council’s agenda item. The deadline is June 2.
