(7)(a)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 04/04/2018
- Title:
- Submitted By:
- Rhomari Jackson-Glover, City Secretary
- Department:
- City Secretary
Information
ACTION REQUEST (Brief Summary)
Approval of Gas Franchise Agreement with Centerpoint Energy for Texas City.
BACKGROUND
The City of Texas Staff has been working with its attorney group, Lloyd Gosselink, et al, and Centerpoint Energy to renew our Franchise agreement. Highlights: increase from 3% to 4.25%; term is 5 years with 1 year automatic renewals; notice of 3 months for termination after 5 year initial term; clarification on permits required, repair of ROW's, notice of work, emergency work, etc.