Texas TDU To Return Deposits to Retail Providers

Oncor will soon return certain deposits collected from retail electric providers related to transition charges back to the REPs.

Specifically, Oncor has filed at the Public Utility Commission of Texas to temporarily cease billing REPs for transition charges under its Rider TC1 - Transition Charge.

Oncor explained that the final scheduled payment on the Transition Bonds is set to occur on August 15, 2015. Oncor has estimated that no further billings of transition charges under Rider TC1 - Transition Charge are required after the completion of the July billing month to fully satisfy the August 15th payment, and therefore filed to temporarily set all of the factors included in Rider TC1 - Transition Charge to zero effective July 28, 2015 (the first cycle day of the August billing month).

Oncor said that it will submit another compliance filing after the August 15th scheduled payment on the Transition Bonds to address any final over- or under-collections of transition charges under Rider TC1 - Transition Charge

Aside from ceasing to assess the TC1 - Transition Charge on REPs, the full collection of costs of the Transition Bonds means that Oncor will return deposits collected from REPs related to the transition charges.

Specifically, the original transition charge order requires that once the transition charge deposits are no longer required, Oncor shall promptly (but not later than 30 calendar days) instruct the indenture trustee to remit the respective amounts in the segregated account to the REPs.

In comments on Oncor's application, PUCT Staff, "recommends that Oncor be required to remit and reconcile REP deposits and any remaining balances in the collection account as soon as is reasonably possible, consistent with the [prior] Financing Order."

Docket 44789