Texas PUC to let Oncor boost rates

August 14, 2009 9:30:48 AM PDT
The Texas Public Utility Commission is allowing Oncor to charge customers $115 million more each year, which is about $2.50 to $3 a month for the average residential electric user. The amount includes $7.8 million that consumers will pay for Oncor's first round of smart meters, which were replaced because they didn't meet the standards the commission wrote later. That amount will result in customers paying about 35 cents more a month for the meters.

The PUC in Austin decided Thursday to allow the charge.

The Dallas Morning News reported Friday that those charges are in addition to $2.21 a month consumers already pay on their electricity bills for the second round of high-tech meters. Those meters were designed to give people more information about their consumption to help them conserve.

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