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04-A TXU Gas Statmt of Intent
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04-A TXU Gas Statmt of Intent
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Last modified
11/8/2005 11:23:31 AM
Creation date
5/28/2003 7:57:41 PM
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AGENDA
Item Number
4-A
AGENDA - Type
REPORT
Description
TXU Gas Statement of Intent
AGENDA - Date
6/9/2003
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INTRODUCTION <br /> <br /> Since 1909, TXU Gas has been providing natural gas service to homes and <br /> businesses in north central Texas. From the natural gas pipeline built from the <br /> Petrolia field in Clay County ~d growing to over 6,800 miles of pipeline and 26,000 <br /> miles of distribution lines existing today, TXU Gas has grown with Texas. The <br /> Company now serves over 1.4 million residential, commercial and industrial <br /> customers in approximately 550 communities with safe, reliable and reasonably <br /> priced natural gas. With this rate case, TXU Gas is taking another bold step to ensure <br /> that our customers will continue to receive the same high quality service they have <br /> come to expect and depend on. <br /> <br /> OVERVIEW <br /> <br /> TXU Gas has met the challenge of the rapidly growing economy that it serves. <br /> The Company has made the investment and incurred the expenses necessary to keep <br /> the gas flowing to our customers in a safe and efficient manner. We have worked <br /> hard to control O&M expenses and will continue to do so in the future. <br /> TXU Gas has filed this rate case because our rates do not reflect our current <br /> level of reasonable and necessary expenses. Like any investor, investors in TXU Gas <br /> expect to earn a return on their investment and for that investment to be returned to <br /> them over time. Largely because of the infrastructure improvements we have made in <br /> the last five years, we are not earning a reasonable return overall on the TXU Gas <br /> invested capital. <br /> <br /> CAPITALINVESTMENT <br /> <br /> TXU Gas has invested approximately $721 million in its gas pipeline and <br /> distribution system in the last five years. After taking into account depreciation <br /> during that period, the value of our plant in service has increased over $400 million. <br /> <br /> Page 1 of 4 <br /> <br /> <br />
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