10 - Suspension of Oncor Proposed Rate Increase

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Lloyd 816 Congress Avenue, Suite 1900 Austin, Texas 78701 Gosselink Telephone: IR, 2-053 00 � ywy) 472-0532 .. ��..��,.... .avad.� .......... ......... .. ..dd__,.....,��, Facsimge 512...............�,.�� w ATTORNEYS AT LAW www.iglawfirm.com Mr. Brocato's Direct Line: (512) 322-5857 Email: tbrocato@lglawfirm.com MEMORANDUM TO: Steering Committee of Cities Served by Oncor Members FROM: Thomas Brocato Jamie Mauldin Roslyn Dubberstein DATE: June 13, 2022 RE: Oncor Electric Delivery Company's Statement of Intent to Increase Rates Suspension Packet — Updated Effective Date ACTION REQUIRED TO SUSPEND THE EFFECTIVE DATE BY AUGUST 10 2022 On Friday, May 13, 2022, Oncor filed a Statement of Intent to Increase Rates with all cities in its service area that retain original jurisdiction. The Company is seeking to increase rates by approximately $251 million over rates currently in place, or approximately 4.5% over present revenues. Residential customers would see an 11.2% increase in rates. If approved, a residential customer using 1,300 kWh per month would see a bill increase of about $6.02 per month. Additionally, the Company proposes to increase street lighting rates by 1.6%. The rate increase requested by Oncor will become effective on August 1, 2022, unless the city takes action to suspend the effective date. By statute, cities are permitted to extend the effective date by up to 90 days in order to study the filing. The city must take action to suspend the effective date by August 1, 2022. If your city does not have a regular council meeting scheduled before August 11t or is otherwise unable to take action on the suspension resolution August 1st, please contact us as soon as possible. Attached to this memo is a model suspension resolution and staff report. In the past, Oncor local managers have provided cities with a model denial resolution and may recommend that the city immediately deny the rate request. If this occurs, we do not recommend that you deny the request at this time. Suspending the effective date allows cities more time to review the application and decide on the final action, including settlement or denial of Oncor's requested rate increase. If you have any questions, please feel free to contact us: Thomas —u v�, a a D a.n. �a� �r: / 512-322-5857 Jamie —gci�xn+i��c?r°ij�,llawfl�a.a.l:..�°r:ax /512-322-5890 Roslyn —a��fxrzVl,r 512-322-5802 1669/35/7314214.1 Lloyd Gosselink Blevins Rochelle & Townsend, P.C.