CC Resolution No. 1722 39
RESOLUTION NO. 1722
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
PERTAINING TO ELECTRIC UTILITY STRANDED COST AND TRUE-UP
PROCEEDINGS; PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS, the Public Utility Commission of Texas has conducted proceedings to quantify
CenterPoint Energy Houston Electric LLC's stranded costs and other true-up balances; and
WHEREAS, the Public Utility Commission of Texas has also conducted separate proceedings to
recover the stranded costs and true-up amounts through securitization and issuance of a transition charge and
through a competition transition charge; and
WHEREAS, the City Council has determined that it is in the best interest of the City and its residents to
support a resolution of the stranded costs; and
WHEREAS, the City Council has determined that it is in the best interest of the City and its residents to
support securitization of all stranded cost amounts appropriately determined by the Commission and ultimately
by the appellate courts; and
WHEREAS, the City Council has determined that it is not in the best interest of the City and its
residents to recover any stranded cost amounts through a competition transition charge because such a recovery
would result in a much higher cost to ratepayers in the City; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section l: That the City of Baytown supports resolution of the stranded cost and true-up
proceedings in a manner that results in the best outcome for ratepayers. Therefore, the City of Baytown
supports securitization of all stranded cost amounts appropriately determined by the Public Utility Commission
of Texas and ultimately determined by the appellate courts. The City of Baytown strenuously opposes inclusion
of stranded cost amounts in a competition transition charge, which would result in a significantly higher cost to
ratepayers in the City.
Section 2: This resolution shall take effect immediately from and after its passage by the City
Council of the City of Baytown.
INTRODUCED, READ and PASSED, by the affirmative vote of the City Council of the City of
Baytown this the 9" day of June, 2005.
CALVIN MUNDINGER, May
ATTEST:
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GAS. W. SMITH, City Clerk
APPROVED AS TO FORM:
ACIO RAMIREZ, SR., Attorney
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