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WHEREAS, the Company has filed evidence that existing rates are unreasonable and <br />should be changed; and <br />WHEREAS, independent analysis by ACSC's rate expert concluded that Atmos is able to <br />justify a rate increase of $19.8 million; and <br />WHEREAS, the ACSC Executive Committee, as well as ACSC lawyers and consultants, <br />recommends ACSC members approve the attached rate tariffs ( "Attachment A" to this <br />Ordinance) that will increase the Company's revenue requirement by $20 million; and <br />WHEREAS, the attached tariffs implementing new rates and Atmos' Proof of Revenues <br />( "Attachment B" to this Ordinance) are consistent with the negotiated resolution reached by <br />ACSC Cities (including but not limited to a reduction of the residential customer monthly charge <br />to $7.00 per month) and are just, reasonable, and in the public interest; and <br />WHEREAS, it is the intention of the parties that ACSC Cities receive the benefit of any <br />Settlement Agreement that Atmos enters into with other entities arising out of its RRM or any <br />associated appeals of a decision entered by the Railroad Commission regarding the Company's <br />request to increase rates. The ACSC Cities' acknowledge that the exercise of this right is <br />conditioned upon the ACSC Cities' acceptance of all rates, revenues, terms and conditions of any <br />other Settlement Agreement or associated appeals arising out of the Company's RRM filing in <br />toto; and <br />WHEREAS, the negotiated resolution of the Company's RRM filing and the resulting rates <br />are, as a whole, is in the public interest. <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS: <br />Section 1. That the findings set forth in this Ordinance are hereby in all things approved. <br />Section 2. That the City Council finds that the existing rates for natural gas service <br />provided by Atmos Mid -Tex are unreasonable and new tariffs and Atmos' proof of revenues, <br />which are attached hereto and incorporated herein as Attachments A and B, are just and <br />reasonable and are hereby adopted. <br />Section 3. That to the extent any resolution or ordinance previously adopted by the <br />Council is inconsistent with this Ordinance, it is hereby repealed. <br />Section 4. That the meeting at which this Ordinance was approved was in all things <br />conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, <br />Chapter 551. <br />Section 5. That if any one or more sections or clauses of this Ordinance is adjudged to be <br />unconstitutional or invalid, such judgment shall not affect, impair or invalidate the remaining <br />provisions of this Ordinance and the remaining provisions of the Ordinance shall be interpreted <br />as if the offending section or clause never existed. <br />Atmos RRM Ordinance 2 <br />