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HomeMy WebLinkAboutResolution No. 2020-12 RESOLUTION NO. R2020-12 A RESOLUTION BY THE CITY OF FRIENDSWOOD, TEXAS, SUSPENDING THE MAY 4, 2020 EFFECTIVE DATE OF THE PROPOSAL BY CENTERPOINT ENERGY RESOURCES CORP., D/B/A CENTERPOINT ENERGY ENTEX AND CENTERPOINT ENERGY TEXAS GAS — TEXAS COAST DIVISION TO IMPLEMENT INTERIM GRIP RATE ADJUSTMENTS FOR GAS UTILITY INVESTMENT IN 2018 AND REQUIRING DELIVERY OF THIS RESOLUTION TO THE COMPANY AND LEGAL COUNSEL. * * * * * * * * * * WHEREAS, the City of Friendswood, Texas ("City") is a gas utility customer of CenterPoint Energy Resources Corp., d/b/a CenterPoint Energy Entex and CenterPoint Energy Texas Gas—Texas Coast Division, ("CenterPoint" or "the Company") and a regulatory authority with an interest in the rates and charges of CenterPoint; and WHEREAS, CenterPoint made filings with the City and the Railroad Commission of Texas("Railroad Commission") in March 2020, proposing to implement interim rate adjustments ("GRIP Rate Increases") pursuant to Texas Utilities Code § 104.301 on all customers served by CenterPoint, effective May 4, 2020; and WHEREAS,it is incumbent upon the City,as a regulatory authority,to examine the GRIP Rate Increases to determine its compliance with the Texas Utilities Code. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS: Section 1. That the May 4, 2020, effective date of the GRIP Rate Increases proposed by CenterPoint is hereby suspended for the maximum period allowed by Texas Utilities Code § 104.301(a) to permit adequate time to review the proposed increases, analyze all necessary information, and take appropriate action related to the proposed increases. Section 2. That a copy of this Resolution shall be sent to CenterPoint, care of Keith L. Wall, at 1111 Louisiana Street, CNP Tower 19th Floor, Houston, Texas 77002 and to Thomas Brocato, legal counsel to the City, at Lloyd Gosselink, 816 Congress Ave., Suite 1900, Austin, Texas 78701. PASSED,APPROVED AND ADOPTED this the 6th day of April,2020. IdAd /a . /AAA ike Fo . Mayor ATTEST: •�y OF FRIF.O • N . •• Melinda Welsh, TRMC :* .v City Secretary • N o� • • . .9 . R2020-12 2