(A) A city Utility Oversight Committee is created; it shall consist of seven members, all appointed ex-officio: two members of the Council, appointed by the Council President; the Chief Administrative Officer or his designee; and the directors of the following departments or their designees: Legal (Chairperson), Finance and Management, General Services, and Public Works.
(B) Administrative and preliminary policy analyses as to the city's utility representation function will be governed by the utility oversight Committee except as to PNM's restructuring and the electric utility franchise.
(1) In making utility policy recommendations to the Council, the Committee shall consider financial impact on the city government, effect on the long-term economic well-being of the community and its residents, and the immediate economic effect on the residents of the city.
(2) No decisions of the Utility Oversight Committee shall set city policy on utilities; policy positions of the city shall be set by resolution of the Council.
(C) The city's positions in the utility representation function regarding the New Mexico Public Service Commission Case No. 2146 (PNM's proposed restructuring plan) and the electric franchise are not within the purview of the Utility Oversight Committee but are policy matters and shall be governed by actions of the City Council.
(Res. 71-1988, approved 5-3-88)