HomeMy WebLinkAboutORD 86-120 ENTITLED AN ORDINANCE DENYING THE PETITION FOR
AUTHORITY TO CHANGE RATES AND THE REQUEST FOR
EMERGENCY INTERIM RATE RELIEF FILED BY GULF
STATES UTILITIES COMPANY WITH THE CITY OF
BEAUMONT, TEXAS, ON THE 18TH DAY OF NOVEMBER,
1986.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1.
On or about November 18, 1986, Gulf States Utilities
Company filed with the City of Beaumont a Petition for Authority to
Change Rates and Request for Emergency Interim Rate Relief and
proposed new tariffs for interim and permanent rates. Such
Petition and Request included separate pleas for permanent and
interim rate relief. The Petition and Request were supported by a
filed Statement of Intent. Gulf States Utilities .Company also
filed an identical Petition to Change Rates and Request for
Emergency Interim Rate Relif, along with a Statement of Intent,
with the Public Utility Commission of Texas.
Section 2 .
In its Petition, Request and Statement of Intent, Gulf
States Utilities Company made separate and distinct pleas seeking
permanent and Emergency Interim Rate Relief. Gulf States Utilities
Company requested a permanent rate increase of $144, 000, 000 and, in
case of suspension of rates, emergency interim rate relief in the
amount of $82 Million.
Section 3 .
Gulf States Utilities Company avers in its Petition,
Request and Statement of Intent that its current cash revenues are
not sufficient to cover its current cash expenses and that all of
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its available cash will be exhausted sometime in March, 1987. The
Company has filed tedstimony and documentation to support its
Petition for Authorrity to Changes Rates and Request for Emergency
Interim Rate Relief.
Section 4.
The City Council of the City of Beaumont, Texas, after a
public hearing and a review of the matters presented by Gulf States
Utilities Company related to its Petition for Authority to Change
Rates and Request for Emergency Interim Rate Relief, finds that
Gulf States Utilities Company' s Petition for Authority to Change
Rates and Request for Emergency Interim Rate Relief and all
separate pleas for relief contained therein, whether for permanent
or interim rate relief, should be, and are hereby, DENIED. The
City Council hereby finds that it is in the best interest of the
citizens of the City of Beaumont for the Public Utility Commission
of Texas to inquire into Gulf States Utilities Company' s Petition
for Authority to Change Rates and Request for Emergency Interim
Rate Relief and to make a finding concerning Gulf States Utilities
Company's present financial condition and need for permanent and/or
emergency interim rate relief.
Section 5.
Nothing contained in this ordinance shall be construed in
any manner as a waiver of any legal right the City may have to
intervene in any proceedings before the Public Utility Commission
of Texas related to the matters addressed hereby.
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Section 6.
This Ordinance constitutes final, appealable action by
the City on each and every plea contained in the Petition for
Authority to Change Rates and the Request for Emergency Interim
Rate Relief filed by Gulf States Utilities Company on or about
November 18, 1986.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1986.
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