Title
Resolution - Approval of Filing of Interim Transmission Cost of Service with Public Utility Commission of Texas - C Powell
Other Info
Submitted By: Christian Powell
Department: Compliance & Regulatory
Financial Impact and Cost/Benefit Considerations: As previously discussed in Executive Session.
Discussion
Pedernales Electric Cooperative, Inc. ("PEC") is a transmission service provider and allowed to file an interim transmission cost of service rate filing pursuant to 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 7, 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, Docket 54305 approved on January 3, 2023, and Docket 55927 approved on January 19, 2024. PEC's transmission cost of service rates established in Docket No. 55927 reflect invested capital through the end of August 2023.
PEC plans to file for an interim update of its transmission cost of service rates to reflect the addition and retirement of transmission facilities from September 1, 2023 through September 30, 2024, 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 may file an interim transmission cost of service rate filing pursuant to 16 TAC ? 25.192(h) at the PUCT as discussed by the Board this day; and...
Click here for full text