HomeMy WebLinkAboutORD 1123 - ORD Approving Rates Charged by Houston Lighting & Poer Company
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ORDINANCE NUMBER 1123
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AN ORDINANCE PRESCRIBING AND APPROViNG RATES TO BE CHARGED BY
HOUSTON LIGHTING & POWER COMPANY IN THE CITY OF WEST UNIVERSITY
PLACE, TEXAS; P~OVIDING FOR AN'EFFECTIV'E DATE FOR SUCH RATE
SCHEDULES; PROVIDING, CONDITIQi-tS UNDER WHiCH SUCH RATE: SCHEDULES'
MAY BE CHANGED, MODIFIED, AMENDED OR WITHDRAWN; CONTAINING FIJ:\j"D-
INDS AND PROVISIONS'RELATED TO THE SUBJECT; REPEALING ANY OTHER
ORDINANCE OR PART OR PARTS THEREOF WHICH MAy BE IN CONFLICT
HEREWITH; AND DECLARING AN EMERGENCY.
WHEREAS, on July 14, 1978, Houston Lighting & Power Company filed
with the City of West University Place a request for an increase in rates to
be charged within the City in the amount o~ $174.9 million per annum on a
systemp-wide basis, an increase of approximately 12.6%; and
WHEREAS, the City suspe~ded the effective date of such proposed
rate increase for 120 days beyond August 21, 1978; and
WHEREAS, the City Commission having considered the Company's rate
increase at a public hearing is of the opinion that such request is excessive;
and
WHEREAS, the City Commission is of the opJ.nJ.on that a lesser increase
in rates should be approved for the Company; and
WHEREAS, the City Commission finds that a total increase of
$51,945,000 will assure rates which are just and reasonable to both customers
and the Company,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY
OF WEST UNIVERS lTY PLACE, TEXAS:
Section 1. That an increase in the rates of Houston Lighting &
Power Company for electric power and energy sold within the City of West Univer-
sity Place be approved in an amount such that the adjusted total systemwide
operating revenues for the Company be increased $51,945,000 per annum, based
on the adjusted test year ending March 31, 1978, which constitutes an increase
of approximately 3.7%. Such rates, as are approved in accordance herewith,
are those under which said Company shall be authorized to render electric
service and to collect charges from its customers for the sale of electric
power and energy within the corporate limits of the City of West University
Place, until such time as said rate shcedules may be changed, modified, amended,
or withdrawn, with the approval of the City Commission.
Section 2. That the Company shall; within 10 days from the final
passage of this ordinance, file with the City a revised Schedule of Rates
and Tariffs setting forth those rates, tariffs and charges based upon an
increase ,in total operating revenues as prescribed herein. Such Schedule of
Rates and Tariffs may be modified or amended by City Commission within 10
days from the date of filing, otherwise same shall 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 West University Place from and after each customer's
first regular meter reading following the effective date of this ordinance.
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'~ 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 \I!-l
formula presently in effect~ That the monthly adjustment for changes in cost
of service shall be discontinued.
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Section 5. That the action of the City Commission of the City of
West University Place 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 &'~ower Company within the City of West ,University
Place in accordance with Section 43(e) of the Public Utility Regulatory Act.
Section 6. Nothing contained in this ordinance shall be construed now
or hereafter as limiting or modifying, in any manner, the right and power of
the City under the law to regulate the rates ' and charges 'of ,Houston Lighting
& Power Company.
PASSED AND APPROVED this 4th day of December 1978.
Commissioners Voting Aye: All
Commissioners Voting No: None
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ATTEST:
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C' Y Secretary
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