HomeMy WebLinkAboutOrdinance No. 274 f
ORDINANCE N0. 274
AN ORDINANCE DENYING THE APPLICATION AND REQUEST OF
COMMUNITY PUBLIC SERVICE COMPANY FOR AN INCREASE IN THE
RATES IT IS AUTHORIZED TO CHARGE FOR ELECTRICITY FURNISHED
BY IT TO RESIDENTIAL AND COMMERCIAL USERS IN THE CITY OF
FRIENDSWOOD, TEXAS .
WHEREAS , on September 13 , 1976 , Community Public
Service Company submitted to the City Council of the City of
Friendswood, Texas , a schedule of rates for electricity provided
by such Company to residential and commercial users in the
City of Friendswood �:nd requested such City Council to adopt
such schedule of rates by ordinance ; and
WHEREAS , in response to such request , such schedule
of rates was duly adopted by City of Friendswood Ordinance
No. 262 , finally passed on October 4 , 1976 ; and
WHEREAS , on December 16 , 1976 , Community Public Service
Company filed with the City Council another request for an
increase in its rates and charges for electricity furnished
by it to residential and commercial users in the City of
Friendswood; and
WHEREAS , after investigation and hearing, it is the
opinion of the City Council that the increased rates last
requested by Community Public Service Company are not justified
and that its present rates are sufficient to provide it with
a fair return on the adjusted value of its invested capital
used and useful in providing its service ; now there�ore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
STATE OF TEXAS :
Section l. The request of Community Public Service
Company for an increase in its rates for electricity provided
by it to residential and commercial users in the City of
Friendswood, Texas , as evidenced by the rate package filed by
such Company with the City Council on December 16 , 1976 , is
denied.
PASSED ON FIRST READING this 2nd day of May, 1977 .
PASSED ON SECOND READING this 16th day of May , 1977.
PASSED, APPROVED AND FINALLY ADOPTED this �a�• day of
June , 1977.
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Mayor
ATTEST :
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City Secretary f�
Approved as to form:
City Attorney