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consultant and outside counsel recommend that the City suspend CenterPoint’s new <br />rates for ninety (90) days beyond May 10, 2019, the date the new rates would otherwise <br />be effective, to allow for coordinated rate analysis, consideration of the new rates, and <br />public comment. <br /> <br />Attached is a letter from the City of Houston related to an invitation to join the Houston <br />Coalition of Cities in the CenterPoint Energy Houston Electric Rate Case Proceeding. <br />If the Council wishes for the City of La Porte to join the Houston Coalition ofCities staff <br />th <br />can prepare a resolution to be approved at the next scheduled meeting on May 13. <br />There is no cost to the coalition member cities; Houston will bear the cost, and seek <br />recovery as allowed. <br /> <br />The average residential customer using 1,000 kWh per month would experience an <br />approximate 1.91% increase — $2.50 per month for the first three years, assuming an <br />existing retail rate of $0.125 per kWh. Please note that the residential rate above is <br />inclusive of the TCJA Rider. CenterPoint’s summary did not show the rate after the <br />TCJA Rider expires in three years. <br /> <br />As previously mentioned, CenterPoint has issued a notice of intent to change the <br />electric rates; however, if the City Council takes no action the rates will go into effect <br />unless the City Council chooses to approve the attached Ordinance suspending the <br />rate increase for ninety (90) days. <br /> <br />ACTION REQUIRED BY COUNCIL <br /> <br />Move to adopt Ordinance 2019-3738 suspending for ninety (90) days the new retail <br />electric rates proposed by CenterPoint Energy Houston Electric, LLC for customers <br />within the City of La Porte. <br />Approved for the City Council meeting agenda <br /> <br />Corby D. Alexander, City Manager Date <br /> <br /> <br />