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WHEREAS, CenterPoint's rate request consists of a voluminous amount of information <br /> including CenterPoint's rate-filing package, pre-filed direct testimony, exhibits, schedules, and <br /> workpapers; and <br /> WHEREAS,CenterPoint proposes to implement its proposed increase in rates on or about <br /> December 4, 2023, and <br /> WHEREAS, CenterPoint's application fails to establish that its overall revenue request <br /> resulted in no more than an amount that will permit CenterPoint a reasonable opportunity to earn <br /> a reasonable return on the utility's invested capital used and useful in providing service to the <br /> public in excess of its reasonable and necessary operating expenses; and <br /> WHEREAS,CenterPoint's application fails to establish that its proposed rates are just and <br /> reasonable; and <br /> WHEREAS, CenterPoint may exercise its statutory right to appeal a City decision <br /> regarding CenterPoint's request to increase rates to the Railroad Commission of Texas; and <br /> WHEREAS, CenterPoint filed its Statement of Intent to increase its revenue and change <br /> its rate with the City and with the Railroad Commission of Texas on the same date, October 30, <br /> 2023,and it is important to intervene in the proceedings before the Railroad Commission of Texas <br /> because the Railroad Commission's decisions will impact rates within the City; <br /> NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF THE CITY OF SAN MARCOS, TEXAS THAT: <br /> Section 1. The findings set out in the preamble are in all things approved and <br /> incorporated herein as if fully set forth. <br /> Section 2. CenterPoint's application fails to show that its proposed rates are just and <br /> reasonable. <br /> Section 3. The City hereby DENIES CenterPoint's request to increase its revenue and <br /> change its rates and in support of DENIAL finds that: <br /> 2 of 4 <br /> ACM-South Texas <br />