The Council shall have full power after notices and hearing to regulate by ordinance the rates, charges and fares of every public utility franchise holder operating in the city, except as otherwise provided by State Law, provided that no such ordinance shall be passed as an emergency measure. Every franchise holder who shall request an increase in rate, charges, or fares, shall have, at the hearing of the Council called to consider such request, the burden of establishing by clear[,] competent and convincing evidence, the value of its investments property allocable to service in the City, and the amount and character of its expenses and revenues connected with the rendering of such service. In connection with the City Council’s power to regulate rates and service, Articles 1119 through 1124A, both articles inclusive, of the 1925 Revised Civil, Statutes of the State of Texas as now or hereafter amended are hereby adopted as a part of this Charter. No public utility franchise holder shall institute any legal action to contest any rate, charge or fare fixed by the Council, until such franchise holder has filed a motion of rehearing with the Council, specifically setting out each ground of its complaint against the rate, charge or rate fixed by the Council, and until the Council shall have acted upon such motion. Such motion shall be deemed overruled unless acted upon by the Council within a reasonable time, not to exceed ninety (90) days from the filing of such motion for rehearing; provided that the council may by resolution extend such time limit for acting on said motion for rehearing from ninety (90) days to one hundred eighty (180) days.
(Section
11.15 amended by election held November 7, 2006)