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8. This section finds that the meeting was conducted in compliance with the Texas Open <br />Meetings Act, Texas Government Code, Chapter 551. <br />9. This section is a savings clause, which provides that if any section is later found to be <br />unconstitutional or invalid, that finding shall not affect, impair, or invalidate the remaining <br />provisions of this Resolution/Ordinance. This section further directs that the remaining <br />provisions of the Resolution/Ordinance are to be interpreted as if the offending section or <br />clause never existed. <br />10. This section provides for an effective date upon passage. <br />11. This section directs that a copy of the signed Resolution/Ordinance be sent to a representative <br />of the Company and legal counsel for ACSC. <br />CONCLUSION <br />The Legislature's GRIP process allowed gas utilities to receive annual rate increases <br />associated with capital investments. The RRM process has proven to result in a more efficient and <br />less costly (both from a consumer rate impact perspective and from a ratemaking perspective) than <br />the GRIP process. Given Atmos Mid-Tex's claim that its historic cost of service should entitle it to <br />recover $141.3 million in additional system -wide revenues, the RRM settlement at $115 million for <br />ACSC Cities reflects substantial savings to ACSC Cities. Settlement at $115 million is fair and <br />reasonable. The ACSC Executive Committee consisting of city employees of 18 ACSC members <br />urges all ACSC members to pass the Resolution/Ordinance before September 30, 2022. New rates <br />become effective October 1, 2022. <br />2557/35/8444378 4 <br />