Oncor Electric Delivery Company (Oncor) filed an application on or about May 13, 2022 with cities retaining original jurisdiction seeking to increase system-wide transmission and distribution rates by about $251 million or approximately 4.5% over present revenues.  The Company asks the City to approve an 11.2% increase in residential rates and a 1.6% increase in street lighting rates.  If approved, a residential customer using 1,300 kWh per month would see a bill increase of about $6.02 per month. The resolution suspends the August 10, 2022 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 of Cities Served by Oncor, (Steering Committee) to evaluate the filing, determine whether the filing complies with law, and if lawful, to determine what further strategy, including settlement, to pursue. 

The law provides that a rate request made by an electric utility cannot become effective until at least 35 days following the filing of the application to change rates.  The law permits the City to suspend the rate change for 90 days after the date the rate change would otherwise be effective.  If the City fails to take some action regarding the filing before the effective date, Oncor's rate request is deemed administratively approved.

The Steering Committee is a coalition of 169 cities and been in existence since the 1980's.