O-1958-532 - Laserfiche WebLink

Browse Search

The Light company Houston Lighting & Powerd 5~6 ~ ~~ ~~~ ~ u lc. ~ P. O. Boz 597 Seabrook, Tezae 77586 (713) 474-4151 October 22, 1991 Honorable Mayor City of La Porte P. 0. Box 1115 La Porte, Texas Dear Sirs: and City Council 77571 Under the terms of the stipulation agreed to in Houston Lighting & Power Company's recent rate case, we have agreed to make available to municipalities to which we currently make franchise fee payments some revised payment arrangements. There is no requirement that you adopt the revised franchise fee payment arrange- ments, but they are available if you consider them advantageous. The revised arrangements would provide for (i) quarterly franchise fee payments of most franchise fees that would otherwise be due annually, and (ii) monthly electric bill credits for franchise fees related to service provided to your municipality. The specific payment procedures contemplated by this arrangement are set forth in Exhibit "A" attached hereto. In the event the City of La Porte finds the attached procedures acceptable, please acknowledge your desire to implement the payment procedures attached hereto by executing this acknowledgement in the space provided below and returning one (1) fully executed copy of this acknowledgement to the undersigned on or before November 4, 1991. Otherwise, Houston Lighting & Power Company will continue to make franchise payments in accordance with the procedures already in place. If you have any questions concerning the attached arrangements, pleaase feel free to contact me at 474-0530. incerely, es L. Wya District Manager Acknowledged this ~ ~' acting for and on behalf rV p~w~cY _ day of ~- of the City of La Porte. By ~ S~iw.~C T, 1~~:~~- Name : ~.a ~ e ~T T. ~e~r .c vr-~ Title. C~k~ IM.o~y. rv-t~to,,.,~ cA P~ T'o . ovs; ~~ ~ A Subsidiary of Houston Industries Incorporated 1991 by the undersigned,