03131967 Regular Meeting - Laserfiche WebLink

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~ I I I ,: () o Mr. Walker -2- February 10, 1967 As matters now exist, San Marcos enjoys the lowest retail rate for electric power in Texas when judged with other citie s of comparable size and this law rate made possible by LCRA has been a major factor in'the growth and progress of the City of San Marcos. The City has the best electric service in the State of Texas and such service is backed by investments of LCRA representing millions and millions af dollars whereby interconnections are being maintained with adjoining utilities so that practically the entire generating capa- bilities in the State of Texas are available in emergencies to see that there is no lack of electric power. Also by virtue of the operations of LCRA San Marcos has the ability to affer to any praspective industrial customer electric service when it is needed, in the amount that is needed, at a fair price and, at a rate that can be expected to remain reasonable :vithin the future. As we stated at the conference, this is made possible by reason of the sound business practices and operations of the LCRA throughout the past thirty years and is the result of the wise investment of millions and millions of dollars in " generating facilities, transmission facilities, distribution facilities and the wise development and utilization of the natural resources of the Central Texas area. <, The people in San Marcos have been able to retain in their area for their own benefit thousands' of dollars each month by reason of the low rates of LCRA. The proposed agreement is merely a con- tinuation of the policy of the LCRA to expand and extend benefits wl'lenever possible. As I stated to you, the LCRA is not seeking to gain anything by virtue af the proposed agreement, but is merely making an offer to discount certain charges and whether the offer should be accepted is a matter within the sole discretion of the City. :C' ~~~ ,/ Sim Gideon ,General Manager SG:nm "