HomeMy WebLinkAbout05-26-17 Annual Franchise Payment Calculation - AmendedMay 26, 2017
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 Road
Baytown, TX 77520-4854
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, 2017, CenterPoint Energy Houston shall implement the annual
franchise fee payment on July 1, 2017. 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
Received on the �� of/m�� ��", 2017
y
Title: l '
I=
City of La Porte Annual Franchise Payment Calculation
Effective July 1, 2017
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 (fine 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 2016
500,869,904
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)
1.23
9 Adjusted Annual Franchise Fee (fine 8 x line 4)
$ 1,562,968.02
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.
$ 1,562,968.02
Per Section 11
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year 2016
34,699.03
Per Section 11
12 Total Annual Franchise Fee Payment (fine 10 - line 11)
$ 1,528,268.99
13 Monthly Payment (line 12 / 12 months)
$ 127,355.75
Due 1 st day of each month beg. July 1 st
Based on 2016
Monthly Payments:
Monthly Payment
Franchise Credits
July 1
$ 127,355.75
$ 2,891.59
$ 130,247.34
August 1
127,355.75
2,891.59
130,247.34
September 1
127,355.75
2,891.59
130,247.34
October
127,355.75
2,891.59
130,247.34
November
127,355.75
2,891.59
130,247.34
December 1
127,355.75
2,891.59
130,247.34
January 1
127,355.75
2,891.59
130,247.34
February 1
127,355.75
2,891.59
130,247.34
March 1
127,355.75
2,891.59
130,247.34
April
127,355.75
2,891.59
130,247.34
May 1
127,355.75
2,891.59
130,247.34
June 1
127,355.75
2,891.59
130,247.34
Total
$ 1,528,268.99
$ 34,699.03
$ 1,562,968.02
e terPoint m
Energy
May 26, 2016
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
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,
b�� J ` ",
Jeffery Hulon
Service Area Director
City of La Porte Annual Franchise Payment Calculation
Effective July 1, 2016
Line No. Description
1 Annual Franchise Fee:
2 Base Amount
3
4 Annual Franchise Fee (line 2 + line 3)
5 Annual Adjustment Factor:
6
kWh delivered within corporate limits of City in the calendar year 2015
7 kWh delivered within corporate limits of City in base year 2005
8 Annual Adjustment Factor (line 6 / line 7)
9 Adjusted Annual Franchise Fee (line 8 x line 4)
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.
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year 2015
12 Total Annual Franchise Fee Payment (line 10 - line 11)
13 Monthly Payment (fine 12 / 12 months)
Monthly Payments:
July 1
August 1
September 1
October 1
November 1
December 1
January 1
February 1
March 1
April 1
May 1
June 1
Total
Amount Franchise Ordinance
$ 1,265,908.39 Per Section 11
$ 1,265,908.39
Per Section 11
444,723,934 Includes street lights
405,673,951 Base Year fixed (includes street lights)
1.10
$ 1,387,764.13
$ 1,387,764.13
Per Section 11
35,329.45
Per Section 11
$ 1,352,434.68
$ 112,702.89
Due 1st day of each month beg. July 1st
Based on 2015
Monthly Payment
Franchise Credits
$ 112,702.89
$ 2,944.12
$ 115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
112,702.89
2,944.12
115,647.01
$ 1,352,434.68
$ 35,329.45
$ 1,387,764.13
Amended
*_Centerftintm
nergy
March 6, 2015
The Honorable Louis Rigby
City of La Porte
P.O. Box 1115
La Porte, TX 77571
Re: Annual Franchise Payment Calculation
Dear Louis,
CenterPoint Energy
333 Ward Rd.
Baytown, TX 77520
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, 2015, CenterPoint Energy Houston shall implement the annual
franchise fee payment on July 1, 2015.
Should you have any questions, please call me at 281.425.7305.
Sincerely,
Jeffery Hulon
Service Area Director
Received on the of By:
Title: Alf
V
City of Laporte Annual Franchise Payment Calculation
Effective July 1, 2015
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 (fine 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 2014
417,219,489
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)
1.03
9 Adjusted Annual Franchise Fee (line 8 x line 4)
$ 1,301,936.32
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.
$ 1,301,936.32
Per Section 11
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year 2014
31,312.00
Per Section 11
12 Total Annual Franchise Fee Payment (fine 10 - line 11)
$ 1,270,624.32
13 Monthly Payment (line 12 112 months)
$ 105,885.36
Due 1st day of each month beg. July 1st
Based on 2014
Monthly Payments:
Monthly Payment
Franchise Credits
July 1
$ 105,885.36
$ 2,609.33
$ 108,494.69
August 1
105,885.36
2,609.33
108,494.69
September 1
105,885.36
2,609.33
108,494.69
October 1
105,885.36
2,609.33
108,494.69
November 1
105,885.36
2,609.33
108,494,69
December 1
105,885.36
2,609.33
108,494.69
January 1
105,885.36
2,609.33
108,494.69
February 1
105,885.36
2,609.33
108,494.69
March 1
105,885.36
2,609.33
108,494.69
April
105,885.36
2,609.33
108,494.69
May 1
105,885.36
2,609.33
108,494.69
June 1
105,885.36
2,609.33
108,494.69
Total
$ 1,270,624.32
$ 31,312.00
$ 1,301,936.32