1977-01-24 Special Meeting - Laserfiche WebLink

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• P. O. BOX 2628, HOUSTON, TEXAS 77001 Mayor and City Officials City of La Porte 124 S. 2nd Street La Porte, TX. 77571 December 27, 1976 Re: Statement of Intent to Change Rates Gentlemen: Entex is providing high quality natural gas service to your city while at the same time maintaining the lowest practical rates. As a matter of fact, we have not filed for a change in rates in your city since 1968, other than a flow through of the cost of purchased gas. We have determined that our existing rates do not provide a fair return on the adjusted value of the invested capital in our Texas Coast Division and, therefore, that a rate revision is necessary. We have reviewed the billings to our customers and our costs of providing gas service in our Texas Coast Division and • have concluded that the current "minimum bill" is inadequate and should be revised. We are asking for a similar revision in rates in forty two cities we serve in our Texas Coast Division. Accordingly, Entex files this Statement of Intent with attached Rate Schedule P.-337-1 and Rate Schedule SC-337-1, containing the proposed revisions in our Schedules of Rates applicable in La Porte. The changes made by this filing are shown in italics on the rate schedules. As you will note, this revision includes changes in the first rate block of the Net Monthly Rate and in the Minimum Monthly Bill. Please note that these revised rates will not be billed to our customers until May 1, 1977. The Purchased Gas Adjust- ment Provision has been modified to conform with modern clauses used in other Entex Divisions. In addition, a clause has been added permitting annual adjustments for changes in the costs of service. The effect of these new rate schedules is to increase the Company's revenues by $70,788 per year. These increases affect residential, small commercial, and large volume customers. Entex serves approximately 2655 customers under the residential classification, approximately 237 customers under the small commercial classification and approximately 25 customers under the large volume classification. Entex's total 1975 revenues for all of its Texas divisions were $152,463,836.22 (as shown on p. 33 of its annual report to the Railroad Commission of Texas). These proposed adjust-