(9)(d)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 03/16/2022
- Title:
- Approval of Resolution No. 22 - 031, approving the suspension of the effective date of CenterPoint Gas GRIP Rates
- Submitted For:
- Jon Branson
- Submitted By:
- Jon Branson, Management Services
- Department:
- Management Services
Information
ACTION REQUEST (Brief Summary)
Approval of Resolution No. 2022-031 suspending the May 2, 2022 effective date of the Proposal by CenterPoint Energy to Implement Interim Grip Rate Adjustments to residential Gas uses in Texas City due to Gas Utility Investments incurred by CenterPoint Energy in 2021.
BACKGROUND
CenterPoint Energy made filings with the Railroad Commission of Texas on March 3, 2022, proposing to implement interim rate adjustments pursuant to Texas Utilities Code Utilities Code § 104.301 to seek recovery on invested capital on all customers served by CenterPoint, effective May 2, 2022. These rates will increase residential customers rates by an estimated $1.36 per month. You may recall the increase for the previous year was approximately $.99 per month for residential customers.
Under the GRIP statue, cities may not challenge the Company's request. The only action a City can do is to suspend the effective date of the rate increase by 45 days to the rate customers permitting adequate time to review the proposed increases. The attached Resolution suspends the effective date of May 2, 2022 for all City of Texas City Residential customers.
Under the GRIP statue, cities may not challenge the Company's request. The only action a City can do is to suspend the effective date of the rate increase by 45 days to the rate customers permitting adequate time to review the proposed increases. The attached Resolution suspends the effective date of May 2, 2022 for all City of Texas City Residential customers.
ANALYSIS
Recommend approval of proposed Resolution suspending the Interim Grip Rates for the maximum number of days allowed by law (45 days).