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PUB recommends council approve transmission asset transfer with TMPA; Denton to pick up $3.2M net book value
Summary
Public Utility Board recommended a resolution to City Council approving transfer of certain transmission assets between TMPA and member cities; staff said Denton would take assets with about $3.2 million net book value and receive 21.3% of TMPA’s net revenues going forward.
The Public Utility Board on April 14 voted to recommend that City Council approve a resolution authorizing transfer of certain transmission system assets involving the Texas Municipal Power Agency (TMPA).
Tony Puente, AME general manager, explained TMPA is a joint powers agency created in 1975 and that its generation assets were sold in January 2021; what remains are transmission…
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