HomeMy WebLinkAboutResolution No. 2009-53 RESOLUTION NO. R2009-53
A RESOLUTION OF THE CITY OF FRIENDSWOOD
AUTHORIZING RATIFICATION OF THE UNANIMOUS
SETTLEMENT AGREEMENTS IN PUBLIC UTILITY
COMMISSION OF TEXAS DOCKET NOS. 36918 AND 37200
REGARDING CENTERPOINT ENERGY HOUSTON ELECTRIC,
LLC'S APPLICATIONS FOR APPROVAL OF HURRICANE
RESTORATION COSTS AND OF A FINANCING ORDER
AUTHORIZING SECURITIZATION OF SUCH COSTS; AND
FINDING THAT THE MEETING AT WHICH THIS RESOLUTION
IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW.
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WHEREAS, on or about April 17, 2009, CenterPoint Houston Electric, LLC
("CenterPoint" or "Company"), pursuant to PURA § 14.001 and Senate Bill 769, filed with the
Public Utility Commission of Texas ("PUC" or "Commission") an application, PUC Docket No.
36918, for approval of$677,816,820 in restoration costs associated with Hurricane Ike, including
$54.7 million in carrying costs; and
WHEREAS, the City of Friendswood is a member of the Gulf Coast Coalition of Cities
and previously adopted a resolution hiring legal counsel to represent the City and authorizing
participation at the Commission in PUC Docket Nos. 36918 and 37200; and
WHEREAS, on August 4, 2009 a unanimous settlement was reached authorizing
CenterPoint to recover $662,816,820 in hurricane costs and resolving all matters in Docket No.
36918; and
WHEREAS, on August 14, 2009 the PUC adopted the settlement agreement in Docket
No. 36918; and.
WHEREAS, on July 8, 2009, CenterPoint filed an application with the PUC, Docket No.
37200, seeking approval of a financing order authorizing securitization of$662,816,820 in costs
associated with Hurricane Ike, and
WHEREAS, on August 18, 2009 a unanimous settlement in Docket No. 37200 was
reached authorizing issuance of a financing order; and
WHEREAS, August 26, 2009 the PUC adopted the settlement agreement in Docket No.
37200; and.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FRIENDSWOOD,TEXAS:
Section 1. That the City finds that the settlement agreements in PUC Docket Nos. 36918
and 37200 are reasonable and in the public interest.
Section 2. That the City ratifies the signature of its counsel, Thomas Brocato of the law
firm of Lloyd Gosselink Rochelle and Townsend, P.C., on behalf of the Gulf Coast Coalition of
Cities on the settlement agreements in PUC Docket Nos. 36918 and 37200.
Section 3. That it is hereby officially found and determined that the meeting at which
this Resolution is passed is open to the public as required by law; and the public notice of the
time, place, and purpose of said meeting was given as required.
Section 4. A copy of this Resolution shall be sent to Thomas Brocato, General Counsel
to the Gulf Coast Coalition of Cities, at Lloyd Gosselink Rochelle & Townsend, P.C., P.O. Box
1725, Austin, Texas 78767-1725.
PASSED,APPROVED AND RESOLVED on this Sth day of October,2009.
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avi J. H. Smith
Mayor
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Del ris McKenzie, TRM * *
City Secretary
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