11/24/2023 0 Comments Encore electric dallas texas![]() The negotiations are being led by the Steering Committee of Cities Served by Oncor. Since then, Dallas and other cities have been negotiating with the company to find a compromise on rates. ![]() “For Oncor to recover its reasonable cost of service and provide an opportunity for the Company to earn a reasonable return, Oncor's present revenues should be increased by approximately $251 million, or approximately 4.5% over Oncor's current annualized revenues.” “As a result of Oncor's significant investments, … the Company's increased costs…and the need to recover its regulatory asset balances, the Company's existing rates are inadequate,” the company wrote in its filing. In May, Oncor applied to the Public Utility Commission of Texas to raise rates on the 3.8 million customers the company serves in Texas. It also powers much of the Midland-Odessa region. It’s the largest energy delivery company in Texas and one of the largest utilities in the U.S., and the bulk of its customers live in North-Central Texas. Oncor doesn’t sell electricity directly, but it builds and maintains the power lines, transformers and other infrastructure used to move electricity produced by powerplants, wind turbines and solar farms into homes and businesses. Council members did not spend time discussing the relative merits of opposing the rate hike before voting. The vote by the full council on Wednesday was accompanied by a venting of frustration at recurring outages in some areas and issues with customer service from the electricity distribution company. “If we approve the rates as requested, Oncor would be earning more than their allowed rate of return under state law,” he said. It would increase the city’s streetlighting rates by 1.6%.Ĭonsultants hired by a group of 169 cities in Oncor’s service area recommended opposing the rate increases, Fehrenbach said. The increase would amount to an 11.2% increase for average residential customers, adding about $6.02 to their monthly bills, according to a presentation made by Dallas’ Manager of Regulatory Affairs Nick Fehrenbach to a council committee last week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |