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Council hears first reading on suspension of Texas Gas Service GRIP rate increase
Summary
Staff presented a first-reading ordinance to suspend the effective date of a Texas Gas Service GRIP interim rate adjustment for 45 days to allow city coalition review and comment to the Railroad Commission; council opened and closed the public hearing with no speakers and will vote at a later meeting.
Cedar Park — The City Council held a first reading Wednesday and opened a public hearing on an ordinance to suspend the effective date of an interim rate adjustment filed by Texas Gas Service under the Gas Reliability Infrastructure Program (GRIP).
Jacob Worth, assistant to the city manager, explained the statutory framework that allows utilities to recover capital costs through…
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