Council Rejects Proposed Oncor Rate Increase
The Fort Worth City Council voted to deny Oncor Electric Delivery's proposed rate increases, deeming them excessive.
Council resolved that Oncor should continue to charge its existing rates to customers in Fort Worth and requested reimbursement for reasonable expenses related to the rate case.
Background
In late June, Oncor filed an application with the Public Utility Commission of Texas, seeking to increase transmission and distribution rates for Fort Worth and other cities.
- Oncor's application requested new rates that would produce an estimated $834 million in additional revenue per year systemwide.
- This represents a 13% increase over present revenues.
- Residential rates would increase by 12.3% and street lighting rates by 51%.
Author's summary: Council denies Oncor's rate increase proposal.