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pension and post retirement benefits. The preliminary analysis indicates that Cities will likely be <br />proposing cumulative reductions to the Company's requested rate increase in excess of $200 <br />million. In addition, Cities' experts will file testimony regarding the rate design and cost <br />allocation proposals made by Oncor. <br />The action taken by the City of Paris to deny Oncor's rate increase will be appealed by <br />the Company to the Public Utility Commission ("PUC") of Texas. The appeals of all individual <br />city actions will be consolidated into the current proceeding at the PUC, Docket No. 35717. The <br />Steering Committee is already actively involved in Docket No. 35717 and will file testimony <br />challenging the Company's support for the rate increase. The hearing regarding Oncor's <br />requested rate increase will begin January 13, 2009 and is expected to last three weeks. In an <br />effort to avoid litigation if at all possible, parties to the proceeding have scheduled meetings with <br />the Company to investigate the possibility of settlement. <br />" OOU07 i <br />