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Ordinance No. 2023-3927 <br />AN ORDINANCE DENYING THE APPLICATION OF CENTERPOINT ENERGY <br />HOUSTON ELECTRIC, LLC, FOR APPROVAL TO AMEND ITS DISTRIBUTION COST <br />RECOVERY FACTOR FILED WITH LA PORTE, TEXAS ON APRIL 5, 2023; <br />CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING <br />SUBJECT. <br />WHEREAS, on or about April 5, 2023, CenterPoint Energy Houston Electric, LLC <br />("CenterPoint") filed an Application for Approval to Amend its Distribution Cost Recovery <br />Factor ("DCRF") with La Porte,Texas ("City") pursuant to Section 36.210 of the Texas <br />Public Utility Regulatory Act ("PURA") to increase rates under the DCRF rider; and <br />WHEREAS, CenterPoint filed an application to implement a distribution cost <br />recovery factor in 2022 for an annual revenue requirement of $145,680,810, after <br />adjustment for load growth ("2022 DCRF"); and <br />WHEREAS, the 2022 DCRF included revenue requirement for temporary <br />emergency electric energy facilities (TEEEF), which the Public Utility Commission <br />("PUC") moved into a separate rider, and the PUC approved $77,976,965 for non-TEEEF <br />revenue requirement; and <br />WHEREAS, the DCRF CenterPoint filed this year amends its 2022 DCRF to <br />request an $84.6 million increase to its revenue requirement for a total revenue <br />requirement of $162.6 million; and <br />WHEREAS, the deadline for acting on CenterPoint's DCRF application is June 4, <br />2023, and the effective date of CenterPoint's amended DCRF rider is September 1, 2023; <br />and <br />WHEREAS, the City is a member of the Houston Coalition of Cities ("Coalition") in <br />this DCRF proceeding, as approved by Resolution No. 2023-03 by City Council on May <br />8, 2023; and <br />WHEREAS, the expert utility rate consultant retained to review CenterPoint's <br />DCRF application on behalf of the Coalition has not yet determined that CenterPoint has <br />established that the costs it seeks to recover are correct and eligible for recovery through <br />a DCRF rider pursuant to PURA; and <br />WHEREAS, City Council finds that it is in the best interests of the ratepayers <br />served by CenterPoint within the City that the DCRF application be denied. NOW <br />THEREFORE; <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS: <br />