Oncor, other parties reach agreement on advanced metering proposal

Dallas, TX, Aug. 14, 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 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.

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.

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