Title
Resolution - Approval of Filing of Interim Transmission Cost of Service with Public Utility Commission of Texas - K Jones/A Hagen
Other Info
Submitted By: K Jones/A Hagen
Department: Compliance & Regulatory
Financial Impact and Cost/Benefit Considerations: As previously discussed in Executive Session.
Discussion
Pedernales Electric Cooperative, Inc. (“PEC”) is a noninvestor-owned transmission service provider and allowed to file an interim transmission cost of service rate filing pursuant 16 Texas Administrative Code (“TAC”) § 25.192(h) as established by the Public Utility Commission of Texas (“PUCT”). 16 TAC § 25.192(h) provides that a transmission service provider may apply to update its transmission rate on an interim basis not more than twice per calendar year to reflect changes in its invested capital and other designated items.
PEC’s transmission cost of service rates were established through a final order issued by the PUCT in Docket No. 22533 on March 5, 2001, and updated through interim rate updates in Docket No. 49584 approved on July 30, 2019, Docket No. 51375 approved on November 10, 2020, Docket 52884 approved on January 19, 2022, and Docket 54305 approved on January 3, 2023. PEC’s transmission cost of service rates established in Docket No. 54305 reflect invested capital through the end of July 2022.
PEC desires to file for an interim update of its transmission cost of service rates to reflect the addition and retirement of transmission facilities from August 1, 2022 through August 31, 2023, with appropriate depreciation, associated taxes, and the PUCT-authorized rate of return on such facilities, as well as changes in loads, included pursuant to 16 TAC § 25.192(h).
Body
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Cooperative file an interim transmission cost of service rate filing pursuant to 16 TAC § 25.192(h) at the Public Utility Commission of Texas as discussed by the Board this day; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.