1973-04-16 Regular Meeting - Laserfiche WebLink

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• • - ..- have been and are investing lame Sum.=, of :i,~: 7.:~ the Houston-vai G:^te Ares.. tour e;;penditures in 1971 w~~,•e .,yi;7 m~.~.17.:~n. We spent s-.~~7.8 milli o:. i_^. ?.y7~', and we have another $11~~c million pLojectea for 1973. All of these higher costs of doing business have had w profound ef:iect on our ability to earn adequately. As a result, we filed with the City of Houston on May 17, 1972, for an increase in telephone rates which would produce about $23,7 million in additional gross revenues -- an increase of 15.2 per cent. After almost a year of analysis by the Houston Director of Public Service and a detailed analysis of our earnings situation by a^: out...ide consulting firm, the City of Houston approved the attached schedule of rates wr:ich will produce $15,231,000 in gross annual revenues -- an increases of about 11.7 per cent . This analysis included our entire Houstor. Metropo_~."~:a:~.. • Exchange operations, including our operations in LaPorte. It is interesting to note that this is only the second increase ir: basic telephone rates since LaPorte requested to be included in tY:e ilouston Tdetroyoolitan Zoning Plan. At this point, I think it would be helpful in reviewing how LaPor•..•=: beca_t;e a part of the Houston Metropolitan Plan. In the mid 'SOS, the LaPorte Civic Club, the LaPorte Baytihore Chamber of Commerce, the LaPorte Ladies Civic Club, who were vitally ir~~erested ir_ promoting the community, presented us with a petition reuesting toll fx•ee dial~.s:g to Houston. As some of you know, this was ~;e of ire mai.: -~•casons the Houston Metropolitan Dialing Plan, as it is now,knowr:; w«s initiated. As the City of Houston and surrounding communities gr ;;~wi e:-~gineers looked ahead to study telephone requirements in 1980,:....a :eyond. i?s a. result off' this study the Houston Netropolit.,~n Exchange was ••r,c,blish~:,_