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SUMMARY OF TESTIMONY <br /> <br />Witness: Stephen J. Houle <br /> <br />Background: Recei~/ed a Bachelor of Science degree in Electrical Engineering <br /> in 1977 and a Master of Business Administration in 1979. <br /> Employed by Dallas Power & Light in 1977. Worked in <br /> Engineering Department, Regulatory Service Department, and <br /> Rate Department through 1983. Became Supervisor of Rate <br /> Design for Texas Utilities Electric Company in 1984 and <br /> Supervisor-Rate and Cost Analysis in 1987. Named Rate <br /> Manager in 1990. Assumed responsibility for rates and <br /> regulatory affairs for both gas and electric companies in 1998 and <br /> was elected to current position of Vice President, Rates & <br /> Regulation in May 1999. <br /> <br />Purpose of Testimony: <br /> <br /> (1) Provide case overview; (2) discuss policy considerations; (3) <br /> describe the Rate Filing Package; and (4) describe the TXU Gas <br /> legal and operational organization and relationship to certain <br /> affiliates. <br /> <br /> Key Points/Issues: <br /> <br /> 1. TXU Gas is not currently eaming a reasonable rate of <br /> return. New rates need to take into account increased <br /> capital investment and increased costs. <br /> <br /> 2. TXU Gas is proposing fully allocated system-wide rates <br /> set forth in a standardized Tariff for Gas Service. <br /> Revenues from ol~)portunity transactions will be credited <br /> against the Company's overall revenue requirement. <br /> <br /> 3. TXU Gas will consolidate jurisdiction over all rates and <br /> services in the Commission by way of de novo appeal of <br /> municipal ordinances or through cities ceding jurisdiction <br /> as permitted by the Texas Utilities Code. <br /> <br /> 4. TXU Gas will propose a capital investment adjustment <br /> factor and eamings monitoring report to insure that rates <br /> will remain just and reasonable for the Company and all <br /> customers. <br /> <br /> Houle - Summary of Testimony (Policy & Rate Case Overview) Page 1 of 2 <br /> <br /> <br />