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Approval of a Resolution of the City of Lewisville, Texas Suspending the July 31, 2025 Effective Date of Oncor Electric Delivery Company’s Requested Rate Change to Permit the City Time to Study the Request and to Establish Reasonable Rates; Approving Cooperation With the Steering Committee of Cities Served by Oncor to Hire Legal and Consulting Services and To Negotiate With the Company and Direct Any Necessary Litigation and Appeals; Finding That the Meeting at Which This Resolution is Passed is Open to the Public as Required by law; Requiring Notice of This Resolution to the Company and Legal Counsel for The Steering Committee.
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ADMINISTRATIVE COMMENTS:
Oncor Electric Delivery Company has filed a request to increase its system-wide transmission and distribution rates by approximately $834 million, which represents a 13 percent increase over current revenues. Specifically, the company is seeking a 12.3 percent increase in residential rates and a 51 percent increase in street lighting rates. If approved, an average residential customer would see a monthly bill increase of approximately $7.90. The City of Lewisville is a member of a 170-city coalition known as the Steering Committee of Cities Served by Oncor ("Steering Committee"). In response to this request, the proposed resolution suspends the July 31, 2025, effective date of the Company’s rate increase for the maximum period permitted by law to allow the City, working in conjunction with the Steering Committee, to evaluate the filing, determine whether the filing complies with the law, and if lawful, to determine what further strategy, including settlement, to pursue.
RECOMMENDATION:
That the City Council approve the resolution as set forth in the caption above.