(6)(g)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 04/17/2019
- Title:
- Submitted By:
- Rhomari Jackson-Glover, City Secretary
- Department:
- City Secretary
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Resolution No. 19-028, suspending the May 27, 2019, effective date of the proposal by CenterPoint Energy Resources Corp. to implement interim grip rate adjustments for gas utility investment. (Management Services)
BACKGROUND
CenterPoint Gas has made an Interim Rate Adjustment or “GRIP” filings with the cities in their Houston and Texas Coast divisions. For cities in the Houston Division, the Company is seeking recovery of $99,461,495 in invested capital. Last year the increase was $112,238,512. The current filing will increase rates to residential customers by $.58 per month. This will increase the current residential customer charge from $15.93 to $16.51 per month. The increase is currently scheduled to go into effect on May 27. Under the GRIP statute cities may not challenge the Company’s request. The only action Texas City may take is to suspend the effective date of the rate increase by 45 days. The attached resolution in effect requests the delay.