1984-10-17 Regular Meeting - Laserfiche WebLink

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~. a...: •' - ' ' "" "'" ` P. 0. BOX 2628, HOUSTON, TEXAS 77001 October 5, 1984 Mayor and City Council City of La Porte La Porte, Texas RE: Statement of Intent to Change Rates Ladies and Gentlemen: Entex is providing high quality natural gas service to the City of La Porte while at the same time maintaining the lowest practical rates. For many years Entex has made annual rate adjustments to reflect increases in its operating expenses; however, these adjustments have not taken into account increases which Entex has experienced in either its cost of money or in its investment in plant equipment needed to provide service to its customers. As a result of the increases experienced in these costs, Entex is requesting a revision of its rates currently in effect. Accordingly, Entex files this Statement of Intent with • attached Residential Rate Schedule No. R-870-1 and Commercial Rate No. SC-870-1 containing the proposed revisions in our Schedule of 'Rates applicable in your City. The proposed revisions amount to an increase of $1.15 per month for each domestic customer in your City and are identical to the rate revisions being made in other areas of Entex's Texas Coast Division. This change is computed by comparing Entex's Texas Coast Division cost of money and net investment per customer in 1976 with the corresponding figures for June 30, 1984. The proposed revisions are to become effective with bills rendered on and after November 9, 1984. The revisions proposed in this filing are shown in italics on the attached rate schedules. As you will note, the revisions include changes in each block of the Net Monthly Rate, the Minimum Monthly Bill, and in the Purchased Gas Adjustment Provision. Changes in the first block of the Net Monthly Rate and the Minimum Monthly Bill reflect the $1.15 per month increase. The other changes are the result of rolling in Entex's current cost of gas into the Net Monthly Rate and do not affect the overall price paid by customers.