Rate Reduction Based on the Tax Cut and Jobs Act of 2017.

On May 1, 2018, Oncor Electric Delivery Company LLC filed with the Public Utility Commission of Texas (“PUCT”) and Municipal Regulatory Authorities an Application and Statement of Intent for Authority to Decrease Rates Based on the Tax Cuts and Jobs Act of 2017 in PUCT Docket No. 48325

Oncor and parties to this proceeding filed an unopposed Stipulation and Settlement Agreement and Oncor filed an Agreed Motion for Interim Rates to effectuate the Stipulation.

The Stipulation results in decreased rates for Oncor’s customers based on the impacts of the Tax Cuts and Jobs Act of 2017. The resulting rates represent a reduction to Oncor’s annual revenues of $218,832,357. The New rates are proposed to take effect on an interim basis on October 8,2018.

The proposed rates may be found by clicking here

Another notice will be sent out once the rates have been approved by the PUCT

No Comment

Post A Comment