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• RESOLUTION NO. 2011 -8R <br />A RESOLUTION OF THE CITY OF SAN MARCOS, TEXAS <br />DENYING THE RATE INCREASE PROPOSED BY <br />CENTERPOINT ENERGY RESOURCES CORP., D/B /A <br />CENTERPOINT ENERGY ENTEX AND CENTERPOINT <br />ENERGY TEXAS GAS; REQUIRING THE <br />REIMBURSEMENT OF MUNICIPAL RATE CASE <br />EXPENSES; FINDING THAT THE MEETING COMPLIES <br />WITH THE OPEN MEETINGS ACT; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; <br />AND DECLARING AN EFFECTIVE DATE <br />WHEREAS, CenterPoint Energy Resources Corp., d/b /a CenterPoint <br />Energy Entex and CenterPoint Energy Texas Gas ( "CenterPoint" or <br />"Company ") filed a Statement of Intent with the City on or about December <br />• 3, 2010 to increase <br />its system -wide, annual revenue <br />requirement, <br />by <br />approximately $6.5 <br />million, system -wide residential <br />base rates <br />by <br />approximately 25 %, which includes a 15.91% increase in base rates for <br />residential customers in the City, and to increase the customer charge for <br />residential customers by over 50 %; and <br />WHEREAS, CenterPoint proposed an effective date of January 7, <br />2011 for its rate increase, so the City must act by that date or the proposed <br />rates will go into effect without being reviewed; and <br />WHEREAS, the City, acting in concert with other cities known as the <br />Alliance of CenterPoint Municipalities ( "ACM "), has been organized to <br />review the reasonableness of rates and services provided by CenterPoint and <br />is <br />PAGE 1 of 5 <br />