O-1979-1179 - Laserfiche WebLink

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. . ORDINANCE NO. 1179 . AN ORDINANCE ESTABLISHING RATES TO BE CHARGED BY HOUSTON LIGHTING & POWER COMPANY IN THE CITY OF LA PORTE, TEXAS, PROVIDING FOR AN EFFECTIVE DATE FOR SUCH RATE SCHEDULES; PROVIDING CONDITIONS UNDER WHICH SUCH RATE SCHEDULES MAY BE CHANGED, MODIFIED, AMENDED OR WITgDRAWN; CONTAINING FINDINGS AND PROVIS IONS RELATED TO THE SUBJECT'; REPEALING ANY OTHER ORDINANCE OR PART OR PARTS THEREOF WHICH MAY BE IN CONFLICT HEREWITH; AND DECLARING AN EMERGENCY. WHEREAS, on July 21, 1979, Houston Lighting & Fower 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 WHEREAS, the City Commission is of the opinion that a . lesser increase in rates should be approved for the Company; and WHEREAS, 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, NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: Section I. That an increase in the rates of Houston Lighting & Power 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 Company be increased $48,500,000 per annum, based on the adjusted test year ending March 31, 1979, which constitutes an increase of approximately 3%. 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corporate limits of the City of La Porte, until such time as said rate schedules may be changed, modified, amended or withdrawn, with the approval of the City Commission. ". '.