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. e ORDINANCE NO. 95- 2026 AN ORDINANCE APPROVING A STIPULATION AND AGREEMENT RELATING TO THE RATES OF HOUSTON LIGHTING AND POWER COMPANY; DETERMINING JUST AND REASONABLE RATES TO BE OBSERVED AND IN FORC~ WITHIN THE CITY OF LA PORTE; ORDERING RATE REDUCTIONS AND CREDITS TO RATEPAYERS' BILLS; FJ:XJ:NG THE RATES THAT SHALL CONSTJ:TUTE THE LEGAL RATES OF HOUSTON LJ:GHTING AND POWER COMPANY UNTIL CHANGED AS PROVIDED BY THE PUBLIC UTJ:LJ:TY REGULATORY ACT; PROVIDJ:NG FOR THE FJ:LJ:NG OF RATE SCHEDULES AND TARIFFS AND THE APPROVAL OR MODIFICATION OF SAME; PROVIDING FOR THE REPEAL OF CONFLICTING ORDINANCES; CONTAINING FINDINGS AND OTHER PROVISIONS RELATING TO THE FOREGOING SUBJECT; PROVIDING FOR SEVERABILITY; FINDING COMPLIANCE WITH THE" OPEN MEETINGS LAW; AND PROVIDING AN EFFECTJ:VE DATE HEREOF. WHEREAS, the City of La Porte (the "City") and various municipalities comprising the Coalition of cities ethe "Coalition") in their respective capacity as regulatory authorities of Houston Lighting and Power Company (the "HL&P"), as listed on Exhibit "A", have or will have intervened in Docket No. 12065, Complaint of Kenneth D. Williams Against Houston Liahtina and Power Company, and Docket No. 13126, Inauirv of the General Counsel Into the Operation and Manaaement of the South Texas Nuclear Pro; ect, currently pending before the Public utility commission (the "Commission"); and WHEREAS, the City and the Coalition have initiated or will initiate local Section 2 Rate Proceedings that are to be appealed to the Commission and consolidated with Docket No. 122065; and WHEREAS, the City and the other members of the Coalition and HL&P desire to resolve the controversies made the basis of Docket No. 12065 and Docket No. 13126, including South Texas Nuclear Plant e"STP") outages addressed in that docket, .to the extent of HL&P's involvement therein and the municipalities I respective local Section 42 proceedings in accordance with the provisions of the Stipulation and Agreement attached hereto as Exhibit "B" (the "stipulation"); and WHEREAS, the public interest will be served by the adoption of an ordinance approving the Stipulation because it provides for expeditious implementation of just and reasonable rates, promotes the adequate and efficient provision of service and is in accordance with applicable law; and WHEREAS, resolution on a stipulated basis of all the matters set forth therein would conserve resources, avoid the uncertainties inherent in further litigation and minimize rate case expenses both in these cases and in th~ future;