Victoria City Council to consider denying gas rate hike
April 3, 2011 at 11 p.m.
Updated April 2, 2011 at 11:03 p.m.
The city of Victoria considers a rate hike proposed by CenterPoint Energy unreasonable, according to a resolution the city council will consider Tuesday.
Victoria, in conjunction with 23 other South Texas cities, hired legal counsel to study the proposed rate increase that would have taken effect in January, said O.C. Garza, the city's communication director.
The city council had previously suspended the effective date of the proposed rate increase for 90 days.
The resolution on Tuesday's council agenda calls for CenterPoint to "continue to charge its existing rates to customers within the city."
A public hearing on the resolution will be held before the council votes.
The proposed resolution also calls for recovery of expenses the city occurred studying the rate increase, said Garza.
Also Tuesday, the city council will consider an ordinance issuing $9.9 million in revenue bonds to pay for construction of the Loop 463 overpass project.
For a complete council agenda, go to www.victoriatx.org/council/agendas.