1979-12-03 Emergency Meeting - Laserfiche WebLink

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• ORDINANCE N0. 1179 • AN ORDINANCE ESTABLISHIi]G RATES TO BE CHARGED BY HOUSTON LIGHTING & POt•]ER CO^~PANY IN THE CITY OF LA PO RTE, TEXAS, PROVIDING FOR AN EFFECTIVE DATE FOR SUCH PATE SCHEDULES; PROVIDING CONDITIONS UNDER TVHICH SUCH RATE SCHEDULES ~IP.Y BE CHANGED, :IODIFIED, AMENDED OR TdITHDZA:~]N; CONTAI~]ING FINDINGS AL]D PROVISIONS RELATED TO THE SUBJECT; REPEALING ANY OTHER ORDINANCE OR PART OiZ PARTS THEREOr^ ;-dI3ICH MAY BE IN COL]FLICT HEREI4ITH; AND DECLARING Ai] E-IERGENCY . IVHEREAS, on July 21, 1979, Houston Lighting & Power Company filed with the City of La Porte, a request for an increase in rates to be charged within the City in the amount of $179.4 million per annum on a system-wide basis, and increase of approximately 10.5; and ;4HEREAS, the City Commission is of the opinion that a • lesser increase in rates should be approved for the Company; and iaHEP.EAS, the City Commission finds that a total increase of $48,500,000 will assure rates which are just and reasonable to both customers and the Company, N0~4 THEREFORE, BE IT ORDAINED BY THE CITY COP~1`'`~IISSION OF THE CITY OF LA PORTE: Section 1. That an increase in the rates of Houston Lighting & Po:ver Company for electric power and energy sold within the City of La Porte be approved in an amount such that the adjusted total system-wide operating revenues for the Comoany be increased $48,500,000 per annum, based on the adjusted test year ending • PQarch 31, 1979, which constitutes an increase of approximately 3°s. Such rates, as are approved in accordance herewith, are those under which said Company shall be authorized to render electric service and to collect charges from its customers for the sale of electric power and energy within the corporate limits of the City of La Porte, until such time as said rate schedules may be changed, modified, amended or withdrawn, with the approval of the City • Commission.