Ord. 0329 06-28-76ORDINANCE NUMBER
AN ORDINANCE OF THE CITY OF PEARLAND, BRAZORIA AND
HARRIS COUNTIES, TEXAS, ADOPTING AND APPROVING THE
RATE SCHEDULES OF HOUSTON LIGHTING & POWER COMPANY
TO BE KNOWN AS SCHEDULE RS-1 AND SCHEDULE MGS-1 SET
FORTH IN EXHIBIT "A" AND EXHIBIT "B" AS ATTACHED
HERETO AND MADE A PART HEREOF BY REFERENCE: AND PRO-
VIDING FOR AN EFFECTIVE DATE FOR SUCH RATE OR RATES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND,
BRAZORIA AND HARRIS COUNTIES, TEXAS:
SECTION ONE (1):
The City Council of the City of Pearland, Brazoria and
Harris Counties, Texas, hereby approves and adopts as
maximum charges to residential and small commercial
users for electricity and electric service the rate
schedules of Houston Lighting & Power Company, a
public utility doing business under franchise in the
City of Pearland, Texas, which schedules shall be known
as Schedule RS-1 And Schedule MGS-1, said schedules (in-
cluding Riders FC and COS) being attached hereto and marked
"Exhibit A" and "Exhibit B" and made a part hereof by
reference as is fully copied herein.
SECTION TWO (2):
The rate and charges prescribed in this ordinance shall
apply to all electricity used by each customer to whom
such rates are applicable as provided herein from and
after each such customer's first regular meter reading
following the final adoption of this ordinance.
SECTION THREE (3):
Within fifteen days after the expiration of each month
hereafter, Houston Lighting & Power Company shall file
with the City Secretary a statement of (a) its estimated
cost of fuel for the succeeding month, showing the cal-
culation of the weighted average cost of fuel, adjusted
for the variation between the estimated cost and the
actual cost of fuel in prior months, and the tentative
adjustment under Rider FC of said rate schedules, showing
the calculation of said adjustment; and (b) its cost of
service adjustment for the succeeding month showing the
sum of the 12 months costs and operating revenues exclusive
of cost of service revenues less fuel revenue which
would have been derived from associated fuel costs
adjusted for the variation between the estimated cost
and the actual cost of fuel in the second preceding
month and the tentative adjustment under Rider COS of
said rate schedules, showing the calculation of said
adjustment. Each such tentative fuel cost adjustment
and cost of service adjustment shall become effective
for bills rendered on and after the first day of the
next billing month unless, within fifteen days after
the filing of such statement, the City Council shall
have disapproved such tentative adjustment by motion
or resolution. In the event that any such tentative
adjustment or change in the fuel cost or the cost of
service shall be disapproved by the City Council, such
schedule shall continue to be adjusted by the last pre-
vious adjustment for prior changes in fuel costs and/or
cost of service not so disapproved, until another adjust-
ment shall have taken effect hereunder. Within the fif-
teen day period provided for its approval or disapproval
of any such tentative adjustment, the City Council shall
have the right and power to order the filing of any
additional or supplemental information or statements,
deemed necessary in the public interest, or to order a
public hearing with regard to the approval or disapproval
of such tentative adjustment. Furthermore, the total of
the Cost of Service adjustment for any month shall not
exceed .16 per KWH without approval of the City Council.
SECTION FOUR (4):
For purposes of determining the cost of service adjustment
the following policies and procedures cannot be changed
without prior approval of the City Council:
(a) Depreciation rates applied to plant and
equipment;
(b) Policies regarding the capitalization of
Allowance for Funds Used During Construction
,'ATTEST:
including the rate used;
(c) Policy of maintaining that portion of capi-
talization represented by preferred stock
at ten (10) percent or less of total capi-
talization.
PASSED AND APPROVED on FIRST reading this the /.f day of
te,--a-,! , A.D., 1976.
City Secretaryt
City of Pearland, Texas
PASSED AND APPROVED on SECOND and FINAL reading this the 42!'
day of
ATTEST:
��<=V e / , A.D., 1976.
Mayor, City of Pearland, Texas
City Secretary
City of Pearlan
Texas
;
Mayor, City of Pearland, Texas