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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: April 7. 2008 <br /> <br />Bude:et <br /> <br />Requested By: Ron Bottoms <br /> <br />Source of Funds: <br /> <br />Department: Administration <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: <br /> <br />CenterPoint Suspension Resolutions <br /> <br />Amount Requested: <br /> <br />Exhibits: <br /> <br />Exhibits: <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />CenterPoint Energy Gas has filed an application with cities retaining original jurisdiction <br />over rates and services to increase rates within their Texas Coast Division by $7.36 million. The <br />Company's application was filed with the City on March 6, 2008. <br /> <br />Purpose of the Resolution(s): <br /> <br />The resolution suspends the effective date of the Company's rate increase for the <br />maximum period permitted by law to allow the City time to evaluate the filing, determine <br />whether the filing complies with law, and if lawful, to determine what further strategy, including <br />settlement, to pursue. <br /> <br />The law provides that a rate request made by a natural gas utility cannot become effective <br />until 35 days following the filing of the application to change rates. The law permits the City to <br />suspend the effective date for 90 days. If the City does not take action to suspend the filing, <br />CenterPoint may begin charging increased rates after April 10, 2008. According to <br />CenterPoint, annual rates would increase by approximately $42 for residential customers. <br /> <br />Thomas Brocato, an attorney with Lloyd Gosselink representing the Coalition, will be in <br />attendance at Monday night's meeting to explain the benefits of joining the Coalition and to <br />answer any questions or concerns that you might have. <br /> <br />Two resolutions are attached. One includes participating with the coalition of cities now <br />known as Gulf Coast Coalition of Cities (GCCC) and is identical to the resolution that was <br />presented at our last meeting. The second resolution takes out any reference to joining the <br />coalition of cities and strictly deals with suspending the rate increase. <br /> <br />Action Required bv Council: <br /> <br />Council approve a resolution suspending CenterPoint's rate increase and elect whether or not to <br />join the Gulf Coast Coalition of Cities (GCCC). <br />