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Rates; and <br />WHEREAS, on October 11, 2010, the City's recommendations were presented to <br />City Council; and <br />WHEREAS, the rate analysis and recommendations, as presented at the October 11, <br />2010, Council Meeting, conclude that CenterPoint Electric has not demonstrated that New Rates <br />are just and reasonable, non-discriminatory and in compliance with all applicable law; and <br />WHEREAS, City Council anticipates that a denial of the New Rates will be <br />appealed to the PUC; and <br />WHEREAS, denial of the New Rates would maintain the Current Rates in effect for <br />customers within La Porte, Texas until further changed under the Utilities Code; and <br />WHEREAS, City Council determines that the CenterPoint Electric Current Rates are the <br />just and reasonable rates to be observed and to remain in force within the City; and <br />WHEREAS, the City Council finds that the public interest will be served by the adoption <br />of an ordinance denying the New Rates, and maintaining in effect the Current Rates because they <br />promote the adequate and efficient provision of service, are just and reasonable and <br />nondiscriminatory and are in compliance with all applicable law; <br />NOW, THEREFORE, <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAPORTE, <br />TEXAS: <br />Section 1. That the facts contained in the preamble of this Ordinance are determined to <br />be true and correct and are hereby adopted as part of this Ordinance, <br />Section 2. That the Current Rates for CenterPoint Electric customers receiving service <br />-2- <br />