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Item 4H Resolution No. 07-009, Opposing H.B. 651; supporting repeal of GRIP February 20, 2007 H.B. 651 Breaks a system that has been working for 100 years; Hurts Texans; Increases Costs for the Railroad Commission; Will not save consumers money; Gas Reliability Infrastructure Program (GRIP) Legislative purpose of GRIP Encourage gas utilities to invest in their systems to ensure system safety; Protect interests of ratepayers Gas Reliability Infrastructure Program (GRIP) What GRIP really does: GRIP hurts customers; GRIP is unworkable; GRIP is not needed; QUESTIONS? Please contact Sharen Jackson 817.748.8042