Update: Interim Sharyland Rate Relief Amounts To About 8 Mills/kWh On Residential Volumetric Charge

Sharyland Utilities, L.P. has filed proposed interim residential rates applicable to retail electric providers serving residential customers in the Stanton, Brady, and Celeste territories (ex-Cap Rock), pursuant to the previously reported agreement under which Sharyland's customers are proposed to become part of the Oncor service area (see details here)

Under the interim rates, the delivery charges for Sharyland residential customers in the Stanton, Brady, and Celeste (SBC) territories would be as follows (plus applicable riders)

Customer Charge               $5.69 per customer
Metering Charge               $4.31 per customer
Distribution System Charge    $0.054634 per kWh

That compares to the current residential Distribution System Charge of $0.062669 per kWh. The flat Customer Charge and Metering Charge would remain unchanged.

The residential interim rates are proposed to take effect beginning 45 days after entry of an order approving residential interim rates.

The residential interim rates would remain in effect until the earlier of: (i) the date upon which all of Sharyland's customers in the residential class in the SBC divisions have been transitioned to Oncor, as contemplated in the proposed transaction; or (ii) in the event the Proposed Transaction is terminated prior to closing, the effective date of Sharyland's new residential retail electric delivery rates finally ordered in this rate proceeding.