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1984-10-17 Regular Meeting
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1984-10-17 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
10/17/1984
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• <br />P.O. BOX 937, LA PORTE, TEXAS 77571 <br />• <br />October 5, 1984 <br />Honorable Mayor and City Council <br />Dear City Official: <br />• <br />r -; - <br />Attached is a booklet explaining the requested $1.15 per month rate <br />adjustment. I xould like ~o emphasize a few important factors. The <br />last general rate increase was filed in 1976. During the past eight <br />years we have made no adjustments to our rates for the increased <br />capital cost, associated with our investment in distribution plant <br />and facilities. From July 1, 1976, through June 30, 1984, we have <br />invested approximately $21.6 million for replacement, improvements <br />and additions to our distribution systems in the Texas Coast Division. <br />Out net investment in plant increased by $10.6 million from $15.5 <br />million at December 31, 1976, to $26.0 million at June 30, 1984. At <br />the same time, the cost of money required to support this investment <br />has increased 3.41 percentage points under the most conservative <br />measurement possible. The factors, taken together xith the ongoing <br />need for futher investment in our system, make it essential for us <br />to request a small adjustment in our rates. <br />This $1.15 per month adjustment is an increase of approximately 3~ <br />based on the average bill of $36.65. Entex wishes to assure you that <br />we will continue to do everything possible to keep our rates as low <br />as possible without jeopardizing the quality of service to our <br />customers. <br />Sincer~ej1~ , ,~1 <br />L° dfC~Lsc.A~2~CJ <br />W. C. Randall <br />Local Manager <br />Entex, Inc. <br />La Porte, Texas <br />• <br />
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