CC MEETING: August 19, 2025
DATE: August 12, 2025
TO: City Council
FROM: Meredith A. Ladd, City Attorney
Title
Consider A Resolution Of The City Council Of The City Of Carrollton, Texas Suspending The September 17, 2025 Effective Date Of Coserv Gas, Ltd. To Implement Interim Grip Rate Adjustments For Gas Utility Investment In 2024 To Permit The City Time To Study The Request And Take Appropriate Action; Finding That The Meeting At Which This Resolution Is Passed Is Open To The Public As Required By Law; And Requiring Notice Of This Resolution To The Company And The City’s Legal Counsel.
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BACKGROUND:
On July 18, 2025, CoServ Gas, Ltd. made an Interim Rate Adjustment or “GRIP” filing with the cities in CoServ’s geographic service area. CoServ is seeking recovery of $267,149,471 in invested capital. The current filing will increase rates to residential customers by $3.33 per month. This will increase the current residential customer charge from $18.00 to $21.33 per month. The increase is currently scheduled to go into effect on September 17, 2025. Under the GRIP statute, cities may not challenge CoServ’s request. However, a city may suspend the effective date of the rate increase by 45 days to review GRIP rate increases to determine compliance with the Texas Utilities Code.
FINANCIAL IMPLICATIONS:
The current filing will increase rates to residential customers by $3.33 per month.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends approval of the attached resolution suspending the effective date of the rate increase by CoServ by 45 days.