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Item 4J 1st Reading, Ordinance 1007 Oncor Electric Delivery Company’s rate increase Item 4J Requested Action Approve Ordinance 1007 1st Reading Between Steering Committee of Cities and Oncor Electric Delivery Company LLC Background Information Member of Steering Committee of Cities Served by Oncor (“Steering Committee”) Oncor filed application to increase electric rates January 7, 2011 $353 million rate increase Background Information Settlement 60% reduction in requested amount Average monthly residential bill increase $2.35 Eliminate potential rate case legal fees Executive Committee and counsel recommend approval of settlement Financial Considerations None Additional Information Approve New Rates Tariff-phase 1 (Attachment A) Tariff-phase 2 (Attachment B) Settlement Agreement (Attachment C) Staff Recommends approval of Ordinance 1007 QUESTIONS? Sharen Jackson 817-748-8042