O-1979-1179 - Laserfiche WebLink

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. . Ordinance No. 1179 , Page 2 Section 2. That the Company shall establish rates and 4It tariffs so as to allocate the authorized increase among customer classes in the same manner as proposed for its requested increase. Section 3. That the Company shall, within ten (10) days from the final passage of this ordinance, file with the City a I revised Schedule of Rates and Tariffs setting forth those rates, tariffs and charges ba$ed upon an increase in total operating revenues as prescribed herein. Such Schedule of Rates and Tariffs may be modified or ~ended by City Commission within ten (10) days from the date of filing, otherwise same shal1 be considered approved as filed. Said rates, as approved, shall be . effective from and after final passage of this ordinance and shall apply to each customer of the Company within the City of La Porte from and after each such customer's first regular meter reading following the effective date of this ordinance. Section 4. That the Schedules of Rates and Tariffs shall be subject to a monthly adjustment for changes in fuel cost calculated according to the formula presently in effect. Section S. That the action of the City Commission of the City of La Porte enacting this ordinance constitutes, on the . date of its final passage, a final determination of rates for sale of electric power and energy by Houston Lighting & Power Company within the City of La Porte in accordance with Section 43(e) of the Public Utility Regulatory Act. Section 6. Nothing in this ordinance shall be construed now or hereafter as limiting or modifying, in any manner, the right and power of the City of La Porte under the law to regulate the rates and charges of Houston Lighting & Power for electric service within the City of La Porte. . -2-