O-1991-1749 - Laserfiche WebLink

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.0, . . . ORDINANCE NO. 1749 AN ORDINANCE APPROVING AND ADOPTING THE RECOMMENDATION FOR SETTLEMENT OF THE PENDING POWER COMPANY RATE CASE1 CONTAINING FINDINGS RELATED TO THE SUBJECTJ FINDING COMPLIANCE LAW1 AND PROVIDING AN EFFECTIVE DATE HEREOF. COALITION OF CITIES HOUSTON LIGHTING & AND OTHER PROVISIONS WITH THE OPEN MEETINGS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. Houston Lighting & Power Company has heretofore, on November 9, 1990, filed with the City of La Porte a proposed schedule of rates. The City Council of the City of La Porte, by its Ordinance No. 1737, passed and approved on the 10th day December, 1990, denied Houston Lighting & Power Company's proposed schedule of rates. Section 2. The City of La Porte is a member of the Coalition of Cities, which has recommended a settlement agreement with Houston Lighting & Power Company, subject to approval by the Texas Public utilities Commission, providing for a recommended $323,000,000.00 rate increase. Section 3. The City Council of the City of La Porte hereby formally approves and adopts the settlement recommendation of the Coalition of Cities, for a $323,000,000.00 rate increase for Houston Lighting & Power Company, all as more fully set forth in "Recommendation of the Regulatory Affairs Division on the Petition of Houston Lighting & Power Company for Authority to Change Rates," Executive Summary, dated January 23, 1991. Section 4. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Article 6252-17, Texas Revised Civil Statutes Annotated1 and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof.