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<br />• Bond No. AC SU945
<br />• •
<br />R 0 N I)
<br />h"ti'OW ALL MEN I3Y T}IESE PRESENTS:
<br />Thac we, }fouston Lighting & Power Company, a Texas corporation,
<br />as Principal, and `__ _ ArfERIC~'1N GENERAL INSURANCE COMPANY
<br />a corporation of the State of Texas, duly authorized to carry on a surety
<br />business in the State of Texas, are held and firmly bound to the Public Utility
<br />Commission of Texas, and those municipalities listed on Rider A, which is
<br />attached hereto and made a part hereof for all purposes, all of which entities
<br />are acting as "Regulatory Authorities", as that term is defined in the Publie
<br />• Utility Regulatory Act, Art. 1446c, S 3(g), VACS, with .respect to ]]ouston
<br />Lighting & Power Company, in the sum of TWENTY MILLION DOLLARS ($20,000,00O.OOa
<br />The condition of this obligation is such that:
<br />` WHEREAS, on July S, 1979 ]Iouston Lighting & Power Company filed a
<br />Statement cf Intent to Change Rates pursuant to Section 43(a) of the Public
<br />Utility Regulatory Act (Utility Act), Article 144Ge, VACS, with each of the
<br />• Regulatory Authorities, and
<br />W}IF-:RF.AS, each of the Regulatory Authorities took action to suspend
<br />_ •the.effective date of the proposed rate change for a period of one hundred
<br />twenty days beyond the proposed effective date of August 7, 1979, and
<br />WIIF,REAS, the one hundred twenty day suspension period expired on
<br />December 5, 1979, and
<br />• k7iF.REAS, the ninety day period beyond the proposed effective date,
<br />• after which period rates not to exceed the proposed rates may be placed into
<br />effect under bond and subject to refund, expired on November 5, 1979, and
<br />• Wi{ERF.AS, the maximum period for action on the rate application before
<br />such•appliration is drr~mcd to have been aI\prove`d :rs a matter of ]aw is one hundred
<br />fifty days beyond the props\sed effective d:~te, which period will end on January 4,
<br />1980, and
<br />W'HF:1tEAS, the appro~rriate amount of increased rates to be collected
<br />• prior to January 4, 1980 throughout the sc•rvicc :rrca of llouston Lighting ~ P~\wer
<br /> Company is lass than 1'IJI:N7Y P1I}_I,ION [1t11~1_AItS_(;"?0,000,000__00 r
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