Title
Approving a resolution providing denial of application for approval of a rate change submitted by Oncor Electric Delivery Company, LLC and authorization to participate in proceedings at the Public Utility Commission of Texas.
Summary
On April 8, 2021, Oncor Electric Delivery Company, LLC (“Oncor”) submitted an Application for Approval to Amend Its Distribution Cost Recovery Factor (“DCRF”) to increase its annual revenues by approximately $97.83 million. Oncor proposes to implement this increase on September 1, 2021. Oncor requests to recover though its DCRF its incremental investment in its distribution assets for the period of January 1, 2020 through December 31, 2020, or the one year period year following the end of the test year in its last DCRF proceeding, which was PUCT Docket No. 50734. Oncor has simultaneously filed its request to amend its DCRF with the Public Utility Commission of Texas (“PUC”).
Oncor’s application affects all retail electric providers (“REPs”) serving end-use retail electric customers in Oncor’s service-area and will affect the retail electric customers of those REPS to the extent the REPs choose to pass along these charges to their customers, which we expect REPs to attempt to do.
A DCRF filing is a streamlined single-issue proceeding outside of a comprehensive base rate case that moves very quickly. The Commission’s rules dictate, pursuant to State law, that September 1, 2021, absent good cause, is the effective date for new rates. This means, absent good cause, the case will be resolved in approximately 150 days. Discovery is also very limited allowing parties to serve, absent good cause, no more than 20 requests for information and requests for admissions of fact. Finally, the City must make its final decision within 60 days of the filing of the application or in this case, by no later than June 7, 2021.
However, due to the ongoing health crisis presented by the COVID-19 virus, Oncor has requested a good cause ex...
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