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City of La Porte, Texas, Ordinance No. <br />AN ORDINANCE RELATING TO THE RETAIL ELECTRIC RATES OF <br />CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC WITHIN THE CITY OF <br />LA PORTE, TEXAS; DENYING A RATE INCREASE AND MAINTAINING IN <br />EFFECT THE CURRENT RATES THAT SHALL CONSTITUTE THE <br />CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC RATES TO BE <br />OBSERVED WITHIN THE CITY OF LA PORTE, TEXAS UNTIL CHANGED <br />UNDER THE UTILITIES CODE; MAKING FINDINGS AND CONTAINING OTHER <br />PROVISIONS RELATING TO THE FOREGOING SUBJECT; PROVIDING FOR <br />SEVERABILITY; AND DECLARING AN EMERGENCY. <br />if int !f 7f 1< <br />WHEREAS, on June 30, 2010, Centerpoint Energy Houston Electric, LLC <br />("CenterPoint Electric") filed a Statement of Intent and Application for Authority to Change <br />Rates ("New Rates") within the City of La Porte, Texas ("City") seeking electric rate increases <br />totaling $94 million per year; and <br />WHEREAS, on July 26, 2010, the City of La Porte (City) as local regulatory <br />authority, adopted City of La Porte, Texas Ordinance No. 3266 suspending the effective <br />date of the New Rates until November 2, 2010 (Suspension Period) and maintaining the <br />rates in effect on June 30, 2010 (Current Rates) until the earlier of the expiration of the <br />Suspension Period or the adoption of a replacement rate ordinance; and <br />WHEREAS, during the Suspension period, in order to gather information through <br />the discovery process, the City participated through the Houston Coalition of Cities <br />(Coalition) with other cities in proceedings at the Public Utility Commission (PUC) related <br />to or affecting CenterPoint Electric's rates within the City; and <br />WHEREAS, based on the City's investigation and analysis through the Coalition's <br />utility attorneys and rate experts, the City developed recommendations regarding the New <br />-1- <br />