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I located in the South Texas Division and Exhibit B for those ACM Cities located in the BeaumontlEast Texas Division. 2. CenterPoint and the ACM Cities agree not to implement new natural gas rates for the ACM Cities earlier than three (3) years from the effective date of the gas rates established by this Settlement Agreement. The effective date of the gas rates established by this Settlement Agreement will be the later of May 1, 2006, or the first day of the month following the repeal of the ordinances identified in paragraph 13 of this Settlement Agreement by all of the ACM Cities. 3. CenterPoint agrees that for a three (3) year period beginning on the effective date of the gas rates established by this Settlement Agreement, CenterPoint will not file with the ACM Cities a request for interim cost recovery and rate adjusbnent pursuant to TEx. UTIL. CODE ~ 1 04.30 1 (Vemon Supp. 2005). 4. The ACM Cities and CentcrPoint agree to adopt the depreciation rates approved by the Commission in GOO No. 9533 and GOO No. 9534. The agreed upon depreciation rates are set forth in Exhibit C to this Settlement Agreement. I 5. CenterPoint agrees that, within its BeaumontlEast Texas Division as that division is constituted as of June 30, 2005, and for a three (3) year period beginning on the effective date of the gas rates established by this Settlement Agreement, if it charges any customer class within its BeaumontlEast TexaS Division, a lower rate or rates for any of its services than it charges the same customer class in the ACM Cities, the lower rate or rates for any of its services will additionally accrue to the affected customer class in the ACM Cities effective with the next billing cycle immediately following implementation of the lower rate or rates; provided, however, that the provisions of this paragraph shall not apply to a lower rate or rates resulting from an inquiry by a non-ACM City pursuant to such city's regulatory authority under the Gas Utility Regulatory Act or any subsequent appeal to the Railroad Commission of such municipal action. 6. CenterPoint agrees that, within its South Texas Division, as that division is constituted as of June 30, 2005, and for a three (3) year period beginning on the effective date of the gas rates established by this Settlement Agreement, if it charges any customer class within its South Texas Division, a lower rate or rates for any of its services than it charges the same customer class in the ACM Cities, the lower rate or rates for any of its services will additionally accrue to the affected customer class in the ACM Cities effective with the next billing cycle immediately following implementation of the lower rate or rates; provided, however, that the provisions of this paragraph shall not apply to a lower rate or rates resulting from an inquiry by a non-ACM City pursuant to such city's regulatory authority under the Gas Utility Regulatory Act or any subsequent appeal to the Railroad Commission of such municipal action. I 7. CenterPoint agrees that any future public notice related to a Statement of Intent to Change Rates filed with the ACM Cities .will be published in the official newspaper of each ACM city affected by the Statement of Intent, which list of newspapers is attached to this Settlement Agreement as Exhibit D, and will contain the information set forth below: 2