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ORD 2011-28TOWN OF TROPHY CLUB , TEXAS ORDINANCE NO . 2011 -28 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, ("TOWN") APPROVING A NEGOTIATED RESOLUTION BETWEEN THE ATMOS CITIES STEERING COMMITTEE ("ACSC" OR "STEERING CO MM ITTEE") AND ATMOS ENERGY CORP., MID-TEX DIVISION ("ATMOS MID-TEX" OR "COMPANY ") REGARDING THE COMPANY'S FOURTH ANNUAL RATE REVIEW MECHANISM ("RRM") FILING IN ALL CITIES EXERCISING ORIGINAL JURISDICTION; DECLARING EXISTING RATES TO BE UNREASONABLE; ADOPTING TARIFFS THAT REFLECT RATE ADJUSTMENTS CONSISTENT WITH T HE NEGOTIATED SETTLEMENT AND FINDING THE RATES TO BE SET BY THE ATTACHED TARIFFS TO BE JUST AND REASONABLE; REQUIRING THE COMPANY TO REIMBURSE CITIES' REASONABLE RATEMAKING EXPENSES; REPEALING CONFLICTING RESOLUTIONS OR ORDINANCES ; DETERMINING THAT T HIS ORDINANCE WAS PASSED IN ACCORDANCE WITH THE REQUIREMENTS OF THE TEXAS OPEN MEETINGS ACT; ADOPTING A SAVINGS CLAUSE; DECLARING AN EFFE CTIVE DATE; AND REQUIRING DELIVERY OF THIS ORDINANCE TO THE COMPANY AND THE STEERING COMMITTEE'S LEGAL COUNSEL. WHEREAS , the Town of Trophy Club, Texas (''To wn'') is a gas utility customer of Atmos Energy Corp., Mid-Te x Division ("Atmos Mid-Tex" or " Company"), and a regulatory authority with an interest in the rates and charg es of Atmos Mid-Tex; and WHEREAS , the To wn is a member of the Atmos Cities Steering Committee ("ACSC" or "Steering Committee"), a coalition of approximately 154 similarly situated citie s served by Atmos Mid-Tex that have joined together to facilitat e th e rev ie w of and response to natural gas issues affec ting rates charged in the Atmos Mid·Tex service area (such participating cities are referred to he rein as "ACSC C iti es"); a nd WHEREAS, pursuant to the terms of the agreement settling the Company's 200 7 Statement of Intent to increase rates, ACSC Cities and the Company worked co ll abo ra tivel y to deve lop a Rate Rev ie w Mec hanism ("RRM ") tariff that allows for an e xpedited rate revie w process controlled in a three-year experiment by ACSC Cities as a substitute to the current GRIP process instituted by the Legislature; and WHEREAS, the To wn took action in 2008 to approve a Settlement Agreement with Atmos Mid·Tex resol ving the Company's 2007 rate case and authorizing the RRM Tariff; and WHEREAS, the 2008 Settlement Agreement contemplates reimbursement of ACSC Citi es' reaso nab le expe nses assoc iated with RRM app lic at ion s; a nd WHEREAS, the Steering Committee and Atmos Mid-Tex agreed to extend the RRM process in reaching a settlement in 2010 on the third RRM filing; and WHEREAS , on or about April 1, 2011, the Company filed with the Town its fourth a nnual RRM filing , requ es ting to increase natural gas base rat es by $15 .7 million; and WHEREAS, ACSC coordinated its review of Atmos Mid -Tex's RR M filing by designating a Settlement Committee made up of ACSC representatives, assisted by ACSC attorneys and consultants, to resolve issues identified by ACSC in the Company's RRM filing; and WHEREAS , independent analysis by ACSC's rate expert concluded that Atmos Mid-Tex is unable to justify an increase over current rates except for undisputed costs of $6.6 million to cover the steel service line replacement program initiated in 2010; and WHEREAS, the ACSC Settlement Committee, as well as ACSC lawyers and consultants, recommend that ACSC Cities approve the attached rate tariffs ("Attachment A" to this Ordinance), which will increase the Company's revenue requirem e nt by $6.6 million to extend current recovery of incremental direct costs of th e steel servic e lin e replacem e nt program authori zed by ACSC Citi e s in ordinances passed in 2010; and WHEREAS, the attached tariffs implem e nting new rates ar e consistent with the negotiated resolution reached by ACSC Cities and are just, reasonable , and in the public interest. NOW, THEREF ORE, BE IT OR DAIN ED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the finding s se t forth in thi s Ordinance a re he reby in all thing s approved. Section 2. That the Town Council finds the existing rates for natural gas service provided by Atmos Mid -Tex are unreasonable and new tariffs which are attached hereto and incorporated herein as Attachment A, are just and reasonable and are hereby adopted. Section 3. That Atmos Mid-Tex shall reimburse the reasonable ratemaking expenses of the ACSC Cities in processing the Company's rate application. Section 4 . T hat to the extent any resolution or ordinance previously adopted by the Council is inconsistent with this Ordinance, it is hereby repealed. Section 5. That the meeting at which this Ordinance was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Gove rnment Code , Chapter 551. ORD 2011-28 Page 2 of 3 Section 6. That if anyone or more sections or clauses of this Ordinance is adjudg ed to be uncon stitutiona l or invalid, such judgment shall not affect , im pair or invalidate the remaining provisions of this Ordinance, and the remaining provisions of the Ordinance shall be interpreted as if the offending section or clause never existed. Section 7. That this Ordinance shall become effective from and after its passage with rates authorized by attached Tariffs to be effective for bills rendered on or after Septemb er', 20". ATTEST: n S ecretary , Sli annon DePrater Town of Trophy Club , Texas APPROVED TO AS FORM : ~.! II L1)tWtll J} Town Attorney, Patricia Adams Town of Trophy Club, Texas ORD 2011·28 M'ayo r, Connie White Town of Trophy Club , Texas [SEAL] Page 3 of 3