Ordinance finding that the existing electric distribution rates of Centerpoint Energy Houston Electric, LLC are unreasonable and should be reduced; ordering Centerpoint to reduce its existing rates within the City; ordering Centerpoint to submit tariffs consistent with the recommendation of the Gulf Coast Coalition of Cities' consultants in Public Utility Commission of Texas Docket No. 38339; ordering Centerpoint to reimburse the City for its reasonable costs incurred in this rate case and any related ratemaking proceedings or appeals of said proceedings; authorizing the Gulf Coast Coalition of Cities to act on behalf of the City and intervene in any proceedings before administrative or judical bodies and waiving the reading of this ordinance on three separate meetings.