Item 6D
2nd Reading, Ordinance 1007 Oncor Electric Delivery Company’s rate increase
Item 6D
Requested Action
Approve Ordinance 1007
2nd 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?