HomeMy WebLinkAbout03-28-18 Annual Franchise Payment Calculation - t
C CenterPoint. CenterPoint Energy
18018 Huffmeister Road
Energy Cypress,TX 77429-6404
March 28, 2018
Mayor Louis Rigby
City of La Porte
P.O. Box 1115
La Porte, TX 77571
Re: Annual Franchise Payment Calculation
Dear Mayor Rigby,
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, 2018, CenterPoint Energy Houston shall implement the annual
franchise fee payment on July 1, 2018.
Should you have any questions, please call me at 281-425-7334.
Sincerely,
Carlton Porter
Service Area Manager Baytown/Humble
Received on the0 ofC1h _Z , 2018
By:
Title: ed,v(----
City of La Porte Annual Franchise Payment Calculation
Effective July 1,2018
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 2017 658,444,475 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) 1.62
9 Adjusted Annual Franchise Fee(line 8 x line 4) $ 2,054,680.57
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. $ 2,054,680.57 Per Section 11
11 Less: Municipal Account Franchise Credits applicable to City in the
calendar year 2017 36,049.74 Per Section 11
12 Total Annual Franchise Fee Payment(line 10-line 11) $ 2,018,630.83
13 Monthly Payment(line 12/12 months) $ 168,219.24 Due 1st day of each month beg.July 1st
Based on 2017
Monthly Payments: Monthly Payment Franchise Credits
July 1 $ 168,219.24 $ 3,004.15 $ 171,223.38
August 1 168,219.24 3,004.15 171,223.38
September 1 168,219.24 3,004.15 171,223.38
October 1 168,219.24 3,004.15 171,223.38
November 1 168,219.24 3,004.15 171,223.38
December 1 168,219.24 3,004.15 171,223.38
January 1 168,219.24 3,004.15 171,223.38
February 1 168,219.24 3,004.15 171,223.38
March 1 168,219.24 3,004.15 171,223.38
April 1 168,219.24 3,004.15 171,223.38
May 1 168,219.24 3,004.15 171,223.38
June 1 168,219.24 3,004.15 171,223.38
Total $ 2,018,630.83 $ 36,049.74 $ 2,054,680.57