O-1982-1332 - Laserfiche WebLink

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. . . . e e ORDINANCE NO. 1332 AN ORDINANCE RELATING TO RATES TO BE CHARGED BY HOUSTON LIGHTING & POWER COMPANY FOR ELECTRIC UTILITY SERVICE WITHIN THE CORPORATE LIMITS OF THE CITY OF LA PORTE, TEXAS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; PROVIDING FOR A REPEALER AND FOR SEVERABILITY. s s s s s s s s s WHEREAS, on or about June 16, 1982, Houston Lighting & Power Company (the .. Company"), filed with the City of La Porte a Statement of Intent and petition for Authority to Change Rates relating to the electric utility service, and proper notice thereof was duly given; and WHEREAS, by Ordinance No. 1331, the City Council suspended the effective date of such proposed rate increase; and WHEREAS, the City Council, having considered the Company's rate increase at a public hearing for which proper notice was duly given, finds that such request is excessive; and WHEREAS, the City Council having original jurisdiction over the matter finds that a lesser increase in rates should be prescribed for the Company; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby finds the requested rates of the Company to be excessive and unreasonable. Section 2. The City Council of the City of La Porte hereby additionally finds and determines the following: I. Findings 1. Cost of Service The revenue requirement of the Company is $3,529,921,000.00. Adjustments were made to Fuel, Operations and Maintenance, Extraordinary Amortization, Depreciation, Other Taxes, Franchise Fees, Federal Income Taxes and the Return Component.