DOCKET NO. 34077
Exhibit 10(fff)
DOCKET NO. 34077
JOINT REPORT AND APPLICATION | § | BEFORE THE | ||||
OF ONCOR ELECTRIC DELIVERY | § | |||||
COMPANY AND TEXAS ENERGY | § | PUBLIC UTILITY COMMISSION | ||||
FUTURE HOLDINGS LIMITED | § | |||||
PARTNERSHIP PURSUANT TO | § | OF TEXAS | ||||
PURA § 14.101 | § |
AMENDMENT TO STIPULATION
REGARDING SECTION I, PARAGRAPH 35 AND EXHIBIT B
On October 24, 2007, the following parties filed a settlement of all issues in this docket (the Stipulation): Oncor Electric Delivery Company (Oncor), Texas Energy Future Holdings Limited Partnership (TEF), the Staff of the Public Utility Commission of Texas (Staff), the Office of Public Utility Counsel (OPC), Texas Industrial Energy Consumers (TIEC), the Steering Committee of Cities Served by Oncor Electric Delivery Company (Cities), the State of Texas (State), the Texas State Association of Electrical Workers (IBEW), Texas Ratepayers Organization to Save Energy (Texas ROSE) and Texas Legal Services Center (TLSC) (hereinafter collectively referred to as Signatories.). The Signatories submitted the Stipulation to the Commission as representing a just and reasonable disposition of the issues related to this docket consistent with the public interest, and requested approval of this Stipulation and entry of findings of fact and conclusions of law consistent with that approval.
Following additional discussions, the Signatories have agreed to execute this Amendment to the Stipulation regarding Section I, Paragraph 35 and Exhibit B (this Amendment), and agree as follows:
I. | AMENDMENTS TO THE STIPULATION |
A. Revised Section I, Paragraph 35.
Existing Section I, Paragraph 35 in the Stipulation is hereby replaced and amended to read as follows:
(35) | Oncor will provide a one-time credit of $72 million to REPs to be directly paid or credited to their retail customers. The one-time credit shall be allocated and provided as reflected on Exhibit B to this Stipulation. The credit shall be provided over the first full Oncor billing month that starts at least 45 days after the Commission dismisses P.U.C. Docket No. 34040. Oncor will notify all Retail Electric Providers (REPs) in its service area |
that the credit will be available only to those REPs that within 15 days of receiving the notice agree in writing to: (1) directly pay or credit the amount in full to retail customers by ESI ID within 45 days of receipt the amount received through the Texas SET 810_02 transaction from Oncor, and (2) file an affidavit with the Commission within 60 days of the last day of the billing month in which the credits were provided stating that the credits which it received in this proceeding through the Texas SET 810_02 transactions were directly paid or credited to its retail customers. Oncor shall notify participating REPs of the first and last dates of the full Oncor billing month it has used in providing credits to the participating REPs. Oncor will file an affidavit with the Commission providing a list of the participating REPs within 15 days after the deadline for REPs to indicate their agreement to participate. To the extent that certain REPs do not participate in the credit, Oncor will reallocate in the same proportions the remaining portion of the $72 million credit to the REPs participating in the credit so that the full $72 million credit is received by participating REPs and directly paid or credited to retail customers. Credit amounts that are unclaimed by non-industrial customers after the initial REP allocation and reallocation will be allocated on a pro rata basis by Oncor to the bill payment assistance program of each participating REP that serves residential customers. Within 30 days after providing the credit, Oncor will file an affidavit with the Commission stating that it has provided the $72 million credit and listing the total amount credited by customer class, and the remaining amounts paid to REPs for bill payment assistance programs. This $72 million one-time credit to retail customers shall count as a reduction to net income in the calculation of net income for dividend payment purposes described in paragraph (23). TEF will ensure that TXU Energy Retail passes the entire credit that it receives directly through to its retail customers. The parties agree that the one-time credit will not be recovered by Oncor in any future proceedings, and further agree that they will not argue that the credit is any precedent or support for a rate reduction in the 2008 rate case or any future rate proceeding. The Signatories will request the Commission to dismiss P.U.C. Docket No. 34040, Commission Staffs Petition for Review of the Rates of TXU Electric Delivery Company, and Oncor will agree to file a system-wide rate case no later than July 1, 2008 based on a test-year ended December 31, 2007. |
B. Revised Exhibit B.
Exhibit B to the Stipulation is hereby replaced and amended to read as set forth in Attachment 1 hereto.
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C. Revised Proposed Finding of Fact No. 14.m.
Proposed Finding of Fact No. 14.m. in the proposed Order attached as Exhibit A to the Stipulation is hereby replaced with the amended language from revised Paragraph 35 and revised Exhibit B, as set forth in Sections A and B above.
D. No Other Modifications.
Except for the modifications set forth above, the remaining terms of the Stipulation shall continue in full force and effect.
II. | MISCELLANEOUS |
A. This Amendment supersedes all other written and oral exchanges or negotiations among the parties or their representatives with regard to the subjects contained herein.
B. Each person executing this Amendment represents that he or she is authorized to sign this Amendment on behalf of the party represented. Facsimile copies of signatures are valid for purposes of evidencing this Amendment, and this Amendment may be executed in multiple counterparts.
C. Oncor will provide notice of this Amendment to all parties in Docket Nos. 34077 and 34040.
STIPULATED AND AGREED TO AS OF DECEMBER 12, 2007.
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By: | /s/ Michael J. Tomsu | |
VINSON & ELKINS L.L.P. | ||
Michael J. Tomsu | ||
Texas Bar No. 20125875 | ||
Michael D. Marin | ||
Texas Bar No. 00791174 | ||
The Terrace 7 | ||
2801 Via Fortuna, Suite 100 | ||
Austin, TX 78746 | ||
Tel: (512) 542-8400 | ||
Fax: (512) 542-8612 | ||
John C. Wander | ||
Texas Bar No. 00791877 | ||
Elizabeth C. Brandon | ||
Texas Bar No. 24049580 | ||
3700 Trammell Crow Center | ||
2001 Ross Avenue | ||
Dallas, TX ###-###-#### | ||
Tel: (214) 220-7770 | ||
Fax: (214) 999-7770 | ||
HUNTON & WILLIAMS | ||
Richard L. Adams | ||
Texas Bar No. 00874950 | ||
Jo Ann Biggs | ||
State Bar No. 02312400 | ||
1445 Ross Avenue, Suite 3700 | ||
Dallas, Texas 75202 | ||
Tel. (214) 979-3000 | ||
Fax. (214) 979-3901 | ||
ATTORNEYS FOR TEXAS ENERGY FUTURE HOLDINGS LIMITED PARTNERSHIP |
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By: | /s/ Matt Henry | |
HUNTON & WILLIAMS | ||
Matthew C. Henry | ||
Texas Bar No. 00790870 | ||
1445 Ross Avenue, Suite 3700 | ||
Dallas, Texas 75202 | ||
Tel. (214) 979-3000 | ||
Fax. (214) 979-3901 | ||
Howard V. Fisher | ||
State Bar No. 07051500 | ||
Oncor Electric Delivery Company | ||
1601 Bryan Street, 23rd Floor | ||
Dallas, Texas 75201 | ||
214 ###-###-#### Office | ||
214 ###-###-#### Fax | ||
ATTORNEYS FOR ONCOR ELECTRIC DELIVERY COMPANY | ||
TEXAS INDUSTRIAL ENERGY CONSUMERS | ||
By: | /s/ Lino Mendiola | |
ANDREWS KURTH LLP | ||
Jonathan Day | ||
State Bar No. 05610000 | ||
Lino Mendiola | ||
State Bar No. 00791248 | ||
Tammy Cooper | ||
State Bar No. 00796401 | ||
111 Congress Avenue, Suite 1700 | ||
Austin, Texas 78701 | ||
Telephone: (512) 320-9200 | ||
Fax: (512) 320-9292 |
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STEERING COMMITTEE OF CITIES SERVED BY ONCOR | ||
By: | /s/ Thomas L. Brocato | |
LLOYD GOSSELINK BLEVINS ROCHELLE & TOWNSEND, P.C. | ||
Geoffrey Gay | ||
State Bar No. 07774300 | ||
Thomas L. Brocato | ||
State Bar No. 03039030 | ||
Kristen Pauling Doyle | ||
State Bar No. 00797225 | ||
816 Congress Avenue, Suite 1900 | ||
Austin, Texas 78701 | ||
Telephone: (512) 322-5800 | ||
Fax: (512) 472-0532 | ||
OFFICE OF PUBLIC UTILITY COUNSEL | ||
By: |
| |
Suzi Ray McClellan | ||
Public Counsel | ||
State Bar No. 16607620 | ||
James K. Rourke, Jr. | ||
Assistant Public Counsel | ||
State Bar No. 17323700 | ||
1701 N. Congress Avenue, Suite 9-180 | ||
P.O. Box 12397 | ||
Austin, Texas 78711-2397 | ||
Telephone: (512) 936-7500 | ||
Fax: (512) 936-7525 |
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STEERING COMMITTEE OF CITIES SERVED BY ONCOR | ||
By: |
| |
LLOYD GOSSELINK BLEVINS ROCHELLE & TOWNSEND, P.C. | ||
Geoffrey Gay | ||
State Bar No. 07774300 | ||
Thomas L. Brocato | ||
State Bar No. 03039030 | ||
Kristen Pauling Doyle | ||
State Bar No. 00797225 | ||
816 Congress Avenue, Suite 1900 | ||
Austin, Texas 78701 | ||
Telephone: (512) 322-5800 | ||
Fax: (512) 472-0532 | ||
OFFICE OF PUBLIC UTILITY COUNSEL | ||
By: | /s/ James K. Rourke, Jr. | |
Suzi Ray McClellan | ||
Public Counsel | ||
State Bar No. 16607620 | ||
James K. Rourke, Jr. | ||
Assistant Public Counsel | ||
State Bar No. 17323700 | ||
1701 N. Congress Avenue, Suite 9-180 | ||
P.O. Box 12397 | ||
Austin, Texas 78711-2397 | ||
Telephone: (512) 936-7500 | ||
Fax: (512) 936-7525 |
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STAFF OF THE PUBLIC UTILITY COMMISSION OF TEXAS |
Thomas S. Hunter |
Division Director |
Legal Division |
Keith Rogas |
Deputy Division Director |
Legal Division |
/s/ Paul A. Curtis |
Paul A. Curtis |
Senior Attorney Legal Division |
State Bar No. 24047627 |
Public Utility Commission of Texas |
1701 N. Congress Avenue |
P.O. Box 13326 |
Austin, Texas 78711-3326 |
Telephone: (512)  ###-###-#### |
Facsimile: (512)  ###-###-#### |
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STATE OF TEXAS | ||
GREG ABBOTT | ||
Attorney General of Texas | ||
KENT C. SULLIVAN | ||
First Assistant Attorney General | ||
DAVID S. MORALES | ||
Deputy Attorney General for Civil Litigation | ||
PAUL D. CARMONA | ||
Chief, Consumer Protection and Public Health Division | ||
MARION TAYLOR DREW | ||
Public Agency Representation Section Chief | ||
By: | /s/ Marion Taylor Drew for | |
Bryan L. Baker | ||
State Bar No. 00790256 | ||
Susan Kelley | ||
State Bar No. 11205700 | ||
Assistant Attorneys General | ||
Office of the Attorney General | ||
P.O. Box 12548 | ||
Austin, Texas 78711 | ||
Voice: (512) 475-4171 | ||
Fax: (512) 322-9114 | ||
E-mail: ***@*** | ||
  ***@*** |
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TEXAS STATE ASSOCIATION OF ELECTRICAL WORKERS | ||
By: |
| |
DEATS, DURST, OWEN & LEVY, P.L.L.C. | ||
Richard Levy | ||
State Bar No. 12268650 | ||
Philip Durst | ||
State Bar No. 06287850 | ||
Elaine F. Edwards | ||
State Bar No. 34049829 | ||
1204 San Antonio Street, Suite 203 | ||
Austin, Texas 78701 | ||
Telephone: (512) 474-6200 | ||
Fax: (512) 474-7896 |
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TEXAS LEGAL SERVICES CENTER | ||
By: | /s/ Randall Chapman | |
Randall Chapman, Bar No. 04129800 | ||
Neish A. Carroll, Bar No. 00795282 | ||
Texas Legal Services Center | ||
815 Brazos, Suite 1100 | ||
Austin, Texas 78701 | ||
Telephone: (512) 477-6000 | ||
Facsimile: (512) 477-6576 |
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TEXAS RATEPAYERS ORGANIZATION TO SAVE ENERGY | ||
By: | /s/ Neish A. Carroll for Carol J. Biedrzycki | |
Carol J. Biedrzycki, Executive Director | ||
Texas Ratepayers Organization to Save Energy | ||
815 Brazos, Ste. 1100 | ||
Austin, Texas 78701 | ||
Telephone: (512) 472-5233 | ||
Facsimile: (512) 472-5310 |
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ATTACHMENT 1
Exhibit B
Allocation of One-Time Credit Provided in Section I, Paragraph 35 of Stipulation
Customer Class | Amount Allocated to Class | ||
Residential | $ | 32,983,398.59 | |
Sec<=10 kW | $ | 790,769.48 | |
Sec>10kW | $ | 26,427,614.56 | |
Pri<=10kW | $ | 11,163.78 | |
Pri>10kW | $ | 5,279,308.63 | |
Transmission | $ | 5,401,089.92 | |
Lighting | $ | 1,106,655.05 |
Credit Methodology
General
Oncor will calculate a credit amount per ESI ID in accordance with the methodology set forth in this Exhibit B. Oncor will use the standard Texas SET 810_02 transaction with specific transaction charge code (SER 105) in order to provide the allocated share of $72 million credit to the participating REPs by ESI ID. The credit will be calculated on an ESI ID basis for each end-use retail customer of a participating REP as of the last billing day of Oncors December 2007 billing cycle. Each per ESI ID credit amount shall be truncated to the cent. The credit amount for each ESI ID will be sent to that end-use retail customers REP as of the date of the credit, by ESI ID.
Residential Service ($32,983,398.59)
The Residential Rate Class credit will be based on a fixed $ amount per Residential ESI ID that will be calculated as follows: $32,983,398.59/ Total Number of participating REP Residential ESI IDs determined as of the last billing day of Oncors December 2007 billing cycle.
Secondary Service Less Than or Equal to 10 kW ($790,769.48)
Same process used for Residential Service.
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Secondary Service Greater Than 10 kW ($26,427,614.56)
The Secondary Service Greater Than 10 kW customer credit will be determined based on each participating REPs customers (on a per ESI ID basis) 2007 annual kWh consumption as a percentage of the total 2007 participating REPs annual Secondary Service Greater Than 10 kW class kWh.
Each individual ESI IDs percentage as calculated above will be multiplied by the total class credit of $26,427,614.56.
Primary Service Less Than or Equal to 10 kW ($11,163.78)
Same process used for Residential Service.
Primary Service Greater Than 10 kW ($5,279,308.63)
Same process used for Secondary Service Greater Than 10 kW.
Transmission Service ($5,401,089.92)
Same process used for Secondary Service Greater Than 10 kW.
Lighting Service ($1,106,655.05)
The Lighting Service credit of $1,106,655.05 will be allocated to the various types of lights based on the light types percentage of the total revenue for the 2006 calendar year.
Light Type | % of 2006 Test Year Lighting Revenue | Credit | ||||
Schedule A | 58.88 | % | $ | 651,750.58 | ||
Schedule B | 8.66 | % | $ | 95,811.58 | ||
Schedule C | 0.03 | % | $ | 386.34 | ||
Schedule D | 2.23 | % | $ | 24,725.58 | ||
Metered (Non-Company) | 1.7 | % | 18,622.17 | |||
Metered (Company) | 0.4 | % | 4,420.61 | |||
Outdoor Lights | 28.1 | % | 310,938.20 | |||
Total | 100.0 | % | $ | 1,106,655.06 |
For Street Light Schedules A, B, C, D, and Outdoor Lights, the credit will be based on a fixed $ amount per light type calculated by dividing the allocated amount for each light type by each participating REPs number of lights in that type as of last billing day of Oncors December 2007 billing cycle.
For metered streetlight service, the credit will be calculated for each metered premise based on each participating REPs metered premises 2007 annual revenue as a percentage of the total 2007 revenue for metered Street Light Service.
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