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RES NO 06-03-1980 4 -IqCO) CITY OF VAN BUREN, ARKANSAS RESOLUTION NO." .3 .6 1980 i y y A RESOLUTION OPPOSING THE OKLAHOMA ELECTRIC1COMPANY'S PETITION -FOR AN INCREASE IN ELECTRIC RATES. t y WHEREAS, The Oklahoma Gas and Electric Company, (0 G E), an:Oklahoma corporation; has petitioned the Arkansas .Public Service Commission for about. a $17,300,000.00 increase in electric rates,• -and WHEREAS, At the present time there as a built -in rate increase based 'a fuel adjustment fadtor,"and WHEREAS, Electric rates are increasing at an alarming -rate, and WHEREAS, people on a fixed income have a hard time in paying their utility bills and providing for the necessities of life, and WHEREAS, The highest part of this rate increase is an increase in Municipal Lighting of 149.3% over a five year period.. Thus, for the City to-cut street lighting or for their taxing the people. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: 1. THAT the City of Van Buren, Arkansas, is opposed.to the $17,300,000 -.00 rate increase and authorizes and directs the Mayor to-take such steps as he deems ad- visable to represent -the people of Van Buren, Arkansas, in this matter. 2. THAT a copy of this•Resolution be filed with the Arkansas Public Service Commission and Oklahoma Gas and Electric Company. PASSED AND APPROVED THIS 16th DAY OF June 19 80 MAYOR .ATTESTED::" CI Y CLERK- TR'ASURE• f