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04-097 - R TOWN OF PROSPER RESOLUTION NO. 04-97 RESOLUTION OF THE TOWN OF PROSPER SUSPENDING THE EFFECTIVE DATE OF COSERV GAS LTD'S REQUESTED RATE CHANGES TO PERMIT THE CITY TIME TO STUDY THE REQUEST AND TO ESTABLISH REASONABLE RATES; APPROVING COOPERATION WITH OTHER CITIES WITHIN THE COSERV SYSTEM TO HIRE LEGAL AND CONSULTING SERVICES AND TO NEGOTIATE WITH THE COMPANY AND DIRECT ANY NECESSARY LITIGATION; REQUIRING REIMBURSEMENT OF CITIES' RATE CASE EXPENSES; AUTHORIZING INTERVENTION IN THE PROCEEDING AT THE RAILROAD COMMISSION; REQUIRING NOTICE OF THIS RESOLUTION TO THE COMPANY WHEREAS, on or about August 25, 2004, CoSery Gas Ltd. ("CoServ"), filed with the Town of Prosper a Statement of Intent to change gas rates in all municipalities within the CoSery System; and WHEREAS, it is reasonable for the Town of Prosper to cooperate with other cities in a review of the Company's application and to coordinate the hiring and direction of legal counsel and consultants and to negotiate with the Company and direct any necessary litigation; and WHEREAS, the Gas Utility Regulatory Act grants local regulatory authorities the right to suspend the effective date of proposed rate changes; and WHEREAS, the Gas Utility Regulatory Act provides that costs incurred by Cities in ratemaking activities are to be reimbursed by the regulated utility; and WHEREAS, the Gas Utility Regulatory Act grants local regulatory authorities the right to intervene in rate proceedings filed at the Railroad Commission. THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: 1. That the effective date of the tariff changes submitted by CoSery on or about August 25, 2004, be suspended to permit adequate time to review the proposed changes and to establish reasonable rates. 2. That the Town is authorized to cooperate with other Cities within the CoSery System to hire and direct legal counsel and consultants, negotiate with the Company, make recommendations regarding reasonable rates and to direct any necessary litigation associated with an appeal of a rate ordinance and the rate case filed at the Railroad Commission. 3. That the Town's reasonable rate case expenses shall be reimbursed by CoServ. 4. That the Town is authorized to intervene in any appeal at the Railroad Commission regarding CoServ's rate case filed on or about August 25, 2004. 5. That a copy of this suspension resolution be sent to Charles D. Harrell, Chief Financial Officier, CoSery Gas Ltd, 7701 South Stemmons, Corinth, Texas 76210-1842. 1 RESOLVED THIS THE 14th DAY OF SEPTEMBER, 2004. ar i g , ATTEST TO: S anae Jenni , Town retary 2