The City is an electric utility customer of Oncor Electric Delivery Company LLC ("Oncor" or "Company"). The Oncor Cities Steering Committee ("OCSC") is a coalition of similarly situated cities served by Oncor that have joined together to efficiently and cost effectively review and respond to electric issues affective rates charged in Oncor's service area in matters before the Public Utility Commission ("PUC" or "Commission") and the courts.
On April 8, 2021, Oncor filed an Application for Approval to Amend its Distribution Cost Recovery Factor (“DCRF”) to increase distribution rates with each of the cities in their service area. In the filing, the Company asserts that it is seeking an increase in total distribution revenue requirement by approximately $97,826,277.
The Resolution authorizes the City to join with OCSC to evaluate the filing, determine whether the filing complies with law, and if lawful, to determine what further strategy, including settlement, to pursue.
The purpose of the Resolution is to deny the DCRF application proposed by Oncor.