O-1980-1228 - Laserfiche WebLink

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e - e . ... e e Ordinance No. , Page 2. be just and reasonable residential and small commercial rates to be charged by Entex, Inc., for gas and gas service. Said rate schedules are identical to those currently in effect for Entex in accordance with the September 9, 1977, letter agreement, except that a Cost of Service Clause has been added thereto. Section 2. That in accordance with the settlement of the dispute between Entex, Inc., and the City of La Porte in Gas Utilities Docket No. 1175, the City of La Porte hereby accepts the offer of Entex not to file new or revised residential and small commercial rate schedules requesting an increased level of rates which will become effective prior to April 1, 1983. Section 3. That inasmuch as the rates charged by Entex, Inc., in accordance with the September 9, 1977, letter agreement and collected under bond have been just and reasonable, Entex has incurred no obligation to refund or credit any amount or to pay any interest to its customers in the City of La Porte, Texas, under said bond. On the date that the determination of the Rail- road Commission of Texas approving the settlement contemplated hereby becomes final, Entex, Inc., as principal, and Aetna Fire Underwriters Insurance Company, as surety, are released from any and all obligations to the City of La Porte arising out of Bond No. 760608. Section 4. That the Mayor and the City Attorney are hereby authorized to take any and all steps necessary to finalize the settlement contemplated hereby, to cause the Railroad Commission of Texas to approve the rates set out in Section 1 hereof and to cause the dismissal of Gas Utilities Docket No. 1175 in accord- ance herewith. Section 5. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of conflict only.