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City of La Porte Annual Franchise Payment Calculation
<br /> Effective July 1,2018
<br /> Line No. Description Amount Franchise Ordinance
<br /> 1 Annual Franchise Fee:
<br /> 2 Base Amount $ 1,265,908.39 Per Section 11
<br /> 3 $ -
<br /> 4 Annual Franchise Fee(line 2+line 3) $ 1,265,908.39
<br /> 5 Annual Adjustment Factor: Per Section 11
<br /> 6
<br /> kWh delivered within corporate limits of City in the calendar year 2017 658,444,475 Includes street lights
<br /> 7 kWh delivered within corporate limits of City in base year 2005 405,673,951 Base Year fixed(includes street lights)
<br /> 8 Annual Adjustment Factor(line 6/line 7) 1.62
<br /> 9 Adjusted Annual Franchise Fee(line 8 x line 4) $ 2,054,680.57
<br /> Determination of Annual Franchise Fee Payment:
<br /> 10 Is line 9 higher than line 4? If yes,insert amount from line 9. If no
<br /> insert amount from line 4. $ 2,054,680.57 Per Section 11
<br /> 11 Less: Municipal Account Franchise Credits applicable to City in the
<br /> calendar year 2017 36,049.74 Per Section 11
<br /> 12 Total Annual Franchise Fee Payment(line 10-line 11) $ 2,018,630.83
<br /> 13 Monthly Payment(line 12/12 months) $ 168,219.24 Due 1st day of each month beg.July 1st
<br /> Based on 2017
<br /> Monthly Payments: Monthly Payment Franchise Credits
<br /> July 1 $ 168,219.24 $ 3,004.15 $ 171,223.38
<br /> August 1 168,219.24 3,004.15 171,223.38
<br /> September 1 168,219.24 3,004.15 171,223.38
<br /> October 1 168,219.24 3,004.15 171,223.38
<br /> November 1 168,219.24 3,004.15 171,223.38
<br /> December 1 168,219.24 3,004.15 171,223.38
<br /> January 1 168,219.24 3,004.15 171,223.38
<br /> February 1 168,219.24 3,004.15 171,223.38
<br /> March 1 168,219.24 3,004.15 171,223.38
<br /> April 1 168,219.24 3,004.15 171,223.38
<br /> May 1 168,219.24 3,004.15 171,223.38
<br /> June 1 168,219.24 3,004.15 171,223.38
<br /> Total $ 2,018,630.83 $ 36,049.74 $ 2,054,680.57
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