At Tuesday night's Colleyville City Council meeting, the council passed a resolution to deny Oncor Electric Delivery Company's application to increase rates charged to customers in Colleyville.
The application, which was filed March 17, asked the city to approve an 11.8 percent increase in residential rates and a 0.5 percent increase in street lighting rates. If it had been approved, a residential customer using 1000 kilowatt-hours per month would see a bill increase of about $6.68 per month beginning April 21.
However, on April 4, the City Council approved a resolution suspending the April 21 effective date of the company’s rate increase for 90 days. The delay allowed the city to evaluate the filing, determine whether the filing complies with law, and if lawful, to determine what further strategy to pursue.
After engaging with three consultants, it was found that the increase was excessive. The consultants identified numerous unreasonable expenses and proposed significant reductions to the company’s request.
Oncor has 30 days to appeal the city's decision to the Public Utility Commission of Texas. Until then, residents will see no increases. If the PUCT sides with Oncor, then Colleyville residents will have to pay the increase.