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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 forty- <br /> five days, so that the City can assure itself that the data and calculations in CenterPoint's rate <br /> application are correctly done, and whether CenterPoint's application otherwise conforms to the <br /> requirements of Texas Utilities Code § 104.301, commonly referred to as the GRIP statute; and <br /> WHEREAS: the effective date proposed by CenterPoint is May 1, 2023, but a suspension <br /> by the City will mean that the rate increase cannot go into effect prior to June 15, 2023. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS,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-five <br /> days pursuant to the authority granted the City under Section 104.301 of the Texas Utilities Code. <br /> The City finds that additional time is needed in order to review the data and calculations that <br /> 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 Alliance of CenterPoint Municipalities (ACM). <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 /> Section 5. CenterPoint is ordered to reimburse the City's reasonable rate case expenses <br /> incurred in response to CenterPoint's rate increase application within 30 days of receipt of invoices <br /> for such expenses to the extent allowed by law. <br /> 2 of 3 <br />