HomeMy WebLinkAbout05-26-16 Annual Franchise Payment Calculation-AmendedCenterPoint.
Energy
The Honorable Louis Rigby
City of La Porte
P.O. Box 1115
La Porte, TX 77571
Re: Annual Franchise Payment Calculation —Amended
Dear Louis,
CenterPoint Energy
333 Ward Rd.
Baytown, TX 77520
May 26, 2016
,Co
00
6'
Pursuant to Section 11 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.. This amended calculation is based on the KWH
from the 1301 N. Broadway St. customer owned substation for January through April
2015.
Should you have any questions, please call me at 281.425.7305.
Sincerely,
Jeffery Hulon
Service Area Director
h�^4' Received on the of 2016
Title: ajl�kA - OPT SkA__AaAAr
City of La Porte 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) $ 1,265,90B.39
5 Annual Adjustment Factor:
Per Section 11
6
kWh delivered within corporate limits of City in the calendar year 2015
444.723,934
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 61 line 7)
1.10
9 Adjusted Annual Franchise Fee (line 8 x line 4)
$
1,387,764.13
Detem4nation 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.
$
1,387,764.13
Per Section 11
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year2015
35,329.45
Per Section 11
12 Total Annual Franchise Fee Payment (line 10 - line 11)
$
1,352,434.68
13 Monthly Payment (line 12112 months)
$
112,702.89
Due 1st day of each month beg. July 1st
Based on 2015
Monthly Payments:
Monthly Payment Franchise Credits
Jury 1
$ 112,702.89 $
2,944.12
$ 115,647.01
August 1
112.702.89
2,944.12
115,647,01
September 1
112,70289
2,944.12
115,647.01
October 1
112,702.89
2,944.12
115,647.01
November 1
112,702.89
2,944,12
115,647.01
December 1
112,70289
2,944.12
115,647.01
January 1
112,702.89
2,944.12
115,647.01
February 1
112,702.69
2,944.12
115.647.01
March 1
112,702.89
2,944.12
115,647.01
April
112,702.69
2,944.12
115.647.01
May 1
112,702.89
2,944.12
115,647.01
June 1
112,702.89
2,944.12
115,647.01
Total
$ 1,352,434.63 $
35,329.45
$ 1,387,764.13
Amended