266835 WHITE - CITV CLERK ��68�5
PIN1F - FINANCE
CA4@ARY -"aEPARTMENT �.�+ITY OF SAINT PALIL COIlIICl
�LUE - MAYOR File NO.
._ � • •
o` � � �. ��o, ncil Resolution �
. � `�� .
Presented By � �-� �;t'r��. ,
�
Referred To Committee: Date
Out of Committee By Date
WHEREAS, the Northern States Power Company has filed an
`i application for steam rate increase with the City Council of the
� City of Saint Paul on January 9, 1976 pursuant to the terms of
that certain steam franchise C.F. 264421, approved December 2,
1974, and issued to said Company by the City of Saint Paul; and
;
� WHEREAS, the Company has applied to the City for the
adoption of interim steam rates to the extent of a 4-1/5% return
on its investment as defined in its application, totaling
approximately 18-19% over and above the revenue which would be
obtained through the rates prevailing beforehancl under the steam
franchise; and
WHEREAS, a proper examination of the application of the
Northern States Power Company by the officers and agents of the
City of Saint Paul will require a period of up to 150 days, so it
will be to the interest of both the City t�f S�a'i�it Paul and the �
Co�►pany to have such interim steam rates while the examinat�Qn . �
is being conducted; now, therefore, be it
RESOLVID, by the City Council of the City of Saint Paul,
that the proper city officers and agents are authorized and
directed to enter into that certain contract with the Northern
States Power Company, a copy of which is attached hereto,
permitting the installation of interim steam rates as of Febru-
ary 9, 1976 in an amount of a 4-1_/5/ return on its investment
COUIVCILMEN Requested by Department of:
Yeas Nays
Christensen
Hozza In Favor
Levine
Rcedler Against BY
Sylvester
Tedesco
President Hunt
Form Ap r ity A orney
Adopted by Council: Date
Certified Passed by Council Secretary rJ By
By
Approved by Mayor: Date Approved by Mayor for Submission to Gouncil
By BY
WHITE - CITY CLERK � �h�Q��
PINi( - FINANCE GITY OF SAINT PAUL Council u U°
CAj�ARY -�EPARTMENT File NO.
�LUE -MAVOR
-� - Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
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as defined in its application, equalling abc�ut 18-19% over and
above steam rates permitted the Company through its franchise
executed and approved Decmnber 2, 1974, subject to the condition
that a refund of excess amounts collected from steam custo�r►ers
shall be returned to said customers with interest as indicated
in the contract in the amount of 6/ per annum.
COUNCILMEIV Requested by Department of:
Yeas Nays �
� Hunt `� [n Favor
Levine �
Roedler Against BY
g�.�ee�'
Tedesco
President� �ozza
Adopted by Co . ate �B 2 4 �� Form Approved by City Attorney
Certifi ass by icil ry BY
.
Y
Approved Mayor: ate �� Approved by Mayor for Submission to Council
By By
��� F���S ��6
� `al � . - . . -
�� /�; „� "
_ ������
AGREEMENT, Made and entered in�o this day of .
February, 1976, by and between the CITY OF SAINT PAUL, a
municipal corporation, hereinafter referred to as "City" ,
and NORTHERN STATES POWER COMPANY, a Minnesota corporation,
hereinafter referred to as the "Company" .
WITNESSETH:
WHEREAS, the Company has filec3 a petition with the
City on the 9th day of January, i976, for the setting of
fair and reasonable steam rates, and an investigation,
examination, and review are to be conducted to determine
the fairness and reasonableness thereof; and
WHEREAS, pending a final determination of steam
rates, an ordinance has been introduced into the City
Council allowing Northern States Power Company to collect
interim steam rates effective on bills based on meter
readings on and after February 9, 1976;
NOW, THEREFORE, IT IS AEREB'i� AGREED AS FOLLOWS:
That, the amended ordinance referred to above,
C.F. , by its terms, having allowed Company to collect
interim steam rates as specified in amended Appendix "A"
attached thereto will take effect on all bills based upon
meter readings on and after February 9, 1976, pending a
final adoption of said ordinance and a final determination
of said steam rates ; that the basis for said billing will
be a 4-1/5/ rate of return on Company' s investment, as
defined in the application, which approximates an 18-19%
increase in annual revenue over that afforded by the
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franchise rates previously in existence; and that the Company
will proceed with such billing on condition that it refund •
any excess amount of said rates with interest at 6 percent '
per annum collected after February 9, 1976 over the rates
as finally established by detennination of the City Council.
NORTHERN STATES POWER COMPANY I
In the presence of: '
;
By '
its
By
its
In the presence of: CITY OF SAINT PAUL
By
Mayor
By
City Clerk �
Countersigned this
day of , 1976
Department of Finance
Approved as to form:
Assistant City Attorney
Approved as to fonn and execution ,
this day of , 1976
Assistant City Attorney
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