Oncor, Major Parties Reach Agreement on Advanced Metering Proposal
DALLAS (Business Wire EON/PRWEB ) August 12, 2008 --
Oncor and more than a half-dozen major parties involved in the
regulatory proceeding to review the Advanced Metering System (AMS)
deployment proposed by the utility reached an agreement, setting the
stage for review and approval by the full Commission.
The Office of Public Utility Counsel, the Staff of the Public Utility
Commission of Texas, the Steering Committee of Cities served by Oncor
and a number of major electric retailers were among the parties that
negotiated with Oncor over the past month to reach the agreement on the
deployment plan and monthly surcharge.
“This is an important step in the process, and
we are excited that this brings us closer to being able to move forward
with bringing the benefits of advanced metering to customers in the
Oncor service area. We look forward to now having the Commissioners hear
and rule on our proposal,” said Jim Greer,
Oncor senior vice president of asset management.
With the filing of the settlement, the PUC could issue a final ruling as
early as the end of August. Upon receipt of the required approval, Oncor
would begin assessing the surcharge to Retail Electric Providers (REP)
in January 2009 and begin broad deployment of the new meters at the same
time. The monthly surcharge for the residential consumer will be $2.22.
Oncor is a regulated electric distribution and transmission business
that uses superior asset management skills to provide reliable
electricity delivery to consumers. Oncor operates the largest
distribution and transmission system in Texas, providing power to 3
million electric delivery points over more than 102,000 miles of
distribution and 14,000 miles of transmission lines. While Oncor is a
subsidiary of Energy Future Holdings Corp., Oncor is a
separate entity with a separate board that is comprised of a majority of
independent directors.
See the original story at: http://eon.businesswire.com/releases/oncor/advanced_metering/prweb1205814.htm
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