(7)(c)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 04/01/2026
- Title:
- Approval of Resolution No. 2026 - 034 suspension of CenterPoint Gas GRIP Rates
- Submitted For:
- Jon Branson
- Submitted By:
- Jon Branson, Management Services
- Department:
- Management Services
Information
ACTION REQUEST
Approval of Resolution No. 2026–034, suspending the April 19, 2026, effective date of the GRIP (Gas Reliability Infrastructure Program) Rate Increases proposed by CenterPoint Energy for the maximum period allowed by Texas Utilities Code 104.301 (a).
BACKGROUND (Brief Summary)
CenterPoint Energy made filings with the City and the Texas ("Railroad Commission") on February 17, 2026, proposing to implement interim rate adjustments ("GRIP Rate Increases") on all customers served by CenterPoint, effective April 18, 2026. The current filing will increase rates to residential customers by $2.47 per month. Under the GRIP statute, cities may not challenge the Company's rate increase request. The only action a city can do is to suspend the effective date of the rate increase by forty-five (45) days to the rate customers, permitting adequate time to review the proposed increases. The attached Resolution suspends the effective date of the new rates for the maximum number of days allowed by law.
RECOMMENDATION
Recommend approval of the proposed Resolution suspending the Interim Grip Rates for the maximum number of days allowed by law.