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WHEREAS: the City has a special responsibility to exercise due diligence with regard to <br />rate increases of monopoly utilities who operate within its boundaries; and <br />WHEREAS: the application to increase rates by CenterPoint is complex; and <br />WHEREAS: it is necessary to suspend the effective date for the increase in rates for <br />forty-five days, so that the City can assure itself that the data and calculations in CenterPoint's <br />rate application are correctly done, and whether CenterPoint's application otherwise conforms to <br />the requirements of Texas Utilities Code § 104.301, commonly referred to as the GRIP statute; <br />and <br />WHEREAS: the effective date proposed by CenterPoint is May 1, 2023, but a <br />suspension by the City will mean that the rate increase cannot go into effect prior to June 15, <br />2023. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />LA PORTE, TEXAS THAT: <br />Section 1. That the statements and findings set out in the preamble to this resolution <br />are hereby in all things approved and adopted. <br />Section 2. The City suspends the requested effective date by CenterPoint for forty- <br />five days pursuant to the authority granted the City under Section 104.301 of the Texas Utilities <br />Code. The City finds that additional time is needed in order to review the data and calculations <br />that provide the basis for the rate increase application, and to determine whether CenterPoint's <br />application otherwise conforms to the requirements of the GRIP statute. <br />Section 3. The City shall continue to act jointly with other cities that are part of a <br />coalition of cities known as the Texas Coast Utilities Coalition of Cities (TCUC). <br />Section 4. The City authorizes the law firm of Herrera Law & Associates, PLLC, to <br />act on its behalf in connection with CenterPoint's application to increase rates. <br />2 of 3 <br />