Oncor Files Information for Delivery Rate Review
28 Agosto 2007 - 5:57PM
PR Newswire (US)
No Change Requested on Delivery Rates DALLAS, Aug. 28
/PRNewswire-FirstCall/ -- As requested by the Public Utility
Commission of Texas (PUC), Oncor Electric Delivery today filed
required financial information on delivery rates. Oncor asked the
PUC to take no action to change delivery rates. In April 2007, the
PUC initiated a review of delivery rates for Oncor. Only about 18
percent of Oncor's customers -- primarily those in rural areas --
would be affected. The limited scope of this rate review is the
result of dual oversight by the PUC and city regulators. Oncor will
continue to honor its legal obligation to city regulators to file a
delivery rate case by mid-2008. "We filed the requested financial
information so the PUC can review Oncor's delivery rates," said
David T. Gill, Oncor Vice-President for External Affairs. "While we
prefer that no changes be made to rates before our rate case in
2008, we have complied with their request for information, but we
believe that the requirements of state law, as well as PUC
precedent, would support an increase that would result in higher
delivery rates for certain of Oncor's territories, primarily in
less populated areas. We believe that a separate, higher delivery
rate for selected areas would not be ideal." "Because of the
inherent inequity of different rates for different areas, we asked
for no change," said Gill. As part of Oncor's request to keep
regulated delivery charges low, the company has requested a
regulatory "safety valve" that enables a lower, but reasonable
return on its utility investment. Delivery rates reflect the
charges that regulated transmission and delivery service companies
like Oncor bill retail electric providers in their service area.
These regulated delivery rates typically represent a relatively
small percentage of most customers' monthly power bill. Oncor, a
subsidiary of TXU Corp., is an electric distribution and
transmission business that provides power to more than three
million homes and businesses and operates more than 115,000 miles
of transmission and distribution lines in Texas. Information about
Oncor can be obtained by going directly to http://www.oncor.com/.
DATASOURCE: Oncor CONTACT: Chris Schein of Oncor Communications,
+1-214-812-5338 Web site: http://www.oncor.com/
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