HomeMy WebLinkAbout03-29-16 Annual Franchise Payment CalculationAllll� Centerimal"t-
'MW Energy
The Honorable Louis Rigby
City of La Porte
P.O. Box 1115
La Porte, TX 77571
Re_ Annual Franchise Payment Calculation
Gear Louis,
Cant —Point Energy
333 Ward Rd.
Bavt wn. TX 77520
March 29, 2016
Pursuant to Section a of the City of La Porte, Texas Ordinance No. 2006-4, the
attached City of La Porte Annual Franchise Payment Calculation is being submitted for
your review. If CenterPoint Energy Houston Electric, LLC does not receive an objection
from you by May 31, 2016, CenterPoint Energy Houston shall implement the annual
franchise fee payment on July 1, 2016.
Should you have any questions, please call me at 281.425.7305.
Sincerely,
Jeffery Hulon
Service Area Olirector
Received on the
Title:
City of Laporte Annual Franchise Payment Calculation
Effective July 1, 2016
Line No Description
Amount
Franchise Ordinance
1 Annual Franchise Fee:
2 Base Amount
$ 1,265,908.39
Per Section 11
3
$
4 Annual Franchise Fee (line 2 + line 3)
$ 1,265,908.39
5 Annual Adjustment Factor:
Per Section 11
6
kWh delivered within corporate limits of City in the calendar year 2015
440,414,499
Includes street lights
7 kWh delivered within corporate limits of City in base year 2005
405,673,951
Base Year fixed (includes street lights)
8 Annual Adjustment Factor (line 6 / line 7)
1.09
9 Adjusted Annual Franchise Fee (line 8 x line 4)
$ 1,374,316.51
Determination of Annual Franchise Fee Payment:
10 Is line 9 higher than line 4? If yes, insert amount from line 9. If no,
insert amount from line 4.
$ 1,374,316.51
Per Section 11
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year 2015
35,329.45
Per Section 11
12 Total Annual Franchise Fee Payment (line 10 - line 11)
$ 1,338,987.06
13 Monthly Payment (line 12 / 12 months)
$ 111,582.26
Due 1 st day of each month beg. July 1 st
Based on 2015
Monthly Payments:
Monthly Payment
Franchise Credits
July 1
$ 111,582.26
$ 2,944.12
$ 114,526.38
August
111,582.26
2,944.12
114,526.38
September 1
111,582.26
2,944.12
114,526.38
October
111,582.26
2,944.12
114,526.38
November
111,582.26
2,944.12
114,526.38
December 1
111,582.26
2,944.12
114,526.38
January 1
111,582.26
2,944.12
114,526.38
February 1
111,582.26
2,944.12
114,526.38
March 1
111,582.26
2,944.12
114,526.38
April
111,582.26
2,944.12
114,526.38
May 1
111,582.26
2,944.12
114,526.38
June 1
111,582.26
2,944.12
114,526.38
Total
$ 1,338,987.06
$ 35,329.45
$ 1,374,316.51