Exhibit 10(fff)

DOCKET NO. 34077

 

JOINT REPORT AND APPLICATION

   §   BEFORE THE  

OF ONCOR ELECTRIC DELIVERY

   §    

COMPANY AND TEXAS ENERGY

   §   PUBLIC UTILITY COMMISSION  

FUTURE HOLDINGS LIMITED

   §    

PARTNERSHIP PURSUANT TO

   §   OF TEXAS  

PURA § 14.101

   §    

AMENDMENT TO STIPULATION

REGARDING SECTION I, PARAGRAPH 35 AND EXHIBIT B

On October 24, 2007, the following parties filed a settlement of all issues in
this docket (the “Stipulation”): Oncor Electric Delivery Company (“Oncor”),
Texas Energy Future Holdings Limited Partnership (“TEF”), the Staff of the
Public Utility Commission of Texas (“Staff”), the Office of Public Utility
Counsel (“OPC”), Texas Industrial Energy Consumers (“TIEC”), the Steering
Committee of Cities Served by Oncor Electric Delivery Company (“Cities”), the
State of Texas (“State”), the Texas State Association of Electrical Workers
(“IBEW”), Texas Ratepayers’ Organization to Save Energy (“Texas ROSE”) and Texas
Legal Services Center (“TLSC”) (hereinafter collectively referred to as
“Signatories.”). The Signatories submitted the Stipulation to the Commission as
representing a just and reasonable disposition of the issues related to this
docket consistent with the public interest, and requested approval of this
Stipulation and entry of findings of fact and conclusions of law consistent with
that approval.

Following additional discussions, the Signatories have agreed to execute this
Amendment to the Stipulation regarding Section I, Paragraph 35 and Exhibit B
(this “Amendment”), and agree as follows:

 

I. AMENDMENTS TO THE STIPULATION

A. Revised Section I, Paragraph 35.

Existing Section I, Paragraph 35 in the Stipulation is hereby replaced and
amended to read as follows:

 

  (35)

Oncor will provide a one-time credit of $72 million to REPs to be directly paid
or credited to their retail customers. The one-time credit shall be allocated
and provided as reflected on Exhibit B to this Stipulation. The credit shall be
provided over the first full Oncor billing month that starts at least 45 days
after the Commission dismisses P.U.C. Docket No. 34040. Oncor will notify all
Retail Electric Providers (REPs) in its service area

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that the credit will be available only to those REPs that within 15 days of
receiving the notice agree in writing to: (1) directly pay or credit the amount
in full to retail customers by ESI ID within 45 days of receipt the amount
received through the Texas SET 810_02 transaction from Oncor, and (2) file an
affidavit with the Commission within 60 days of the last day of the billing
month in which the credits were provided stating that the credits which it
received in this proceeding through the Texas SET 810_02 transactions were
directly paid or credited to its retail customers. Oncor shall notify
participating REPs of the first and last dates of the full Oncor billing month
it has used in providing credits to the participating REPs. Oncor will file an
affidavit with the Commission providing a list of the participating REPs within
15 days after the deadline for REPs to indicate their agreement to participate.
To the extent that certain REPs do not participate in the credit, Oncor will
reallocate in the same proportions the remaining portion of the $72 million
credit to the REPs participating in the credit so that the full $72 million
credit is received by participating REPs and directly paid or credited to retail
customers. Credit amounts that are unclaimed by non-industrial customers after
the initial REP allocation and reallocation will be allocated on a pro rata
basis by Oncor to the bill payment assistance program of each participating REP
that serves residential customers. Within 30 days after providing the credit,
Oncor will file an affidavit with the Commission stating that it has provided
the $72 million credit and listing the total amount credited by customer class,
and the remaining amounts paid to REPs for bill payment assistance programs.
This $72 million one-time credit to retail customers shall count as a reduction
to net income in the calculation of net income for dividend payment purposes
described in paragraph (23). TEF will ensure that TXU Energy Retail passes the
entire credit that it receives directly through to its retail customers. The
parties agree that the one-time credit will not be recovered by Oncor in any
future proceedings, and further agree that they will not argue that the credit
is any precedent or support for a rate reduction in the 2008 rate case or any
future rate proceeding. The Signatories will request the Commission to dismiss
P.U.C. Docket No. 34040, Commission Staff’s Petition for Review of the Rates of
TXU Electric Delivery Company, and Oncor will agree to file a system-wide rate
case no later than July 1, 2008 based on a test-year ended December 31, 2007.

B. Revised Exhibit B.

Exhibit B to the Stipulation is hereby replaced and amended to read as set forth
in Attachment 1 hereto.

 

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C. Revised Proposed Finding of Fact No. 14.m.

Proposed Finding of Fact No. 14.m. in the proposed Order attached as Exhibit A
to the Stipulation is hereby replaced with the amended language from revised
Paragraph 35 and revised Exhibit B, as set forth in Sections A and B above.

D. No Other Modifications.

Except for the modifications set forth above, the remaining terms of the
Stipulation shall continue in full force and effect.

 

II. MISCELLANEOUS

A. This Amendment supersedes all other written and oral exchanges or
negotiations among the parties or their representatives with regard to the
subjects contained herein.

B. Each person executing this Amendment represents that he or she is authorized
to sign this Amendment on behalf of the party represented. Facsimile copies of
signatures are valid for purposes of evidencing this Amendment, and this
Amendment may be executed in multiple counterparts.

C. Oncor will provide notice of this Amendment to all parties in Docket Nos.
34077 and 34040.

STIPULATED AND AGREED TO AS OF DECEMBER 12, 2007.

 

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By:  

/s/ Michael J. Tomsu

  VINSON & ELKINS L.L.P.   Michael J. Tomsu   Texas Bar No. 20125875   Michael
D. Marin   Texas Bar No. 00791174   The Terrace 7   2801 Via Fortuna, Suite 100
  Austin, TX 78746   Tel: (512) 542-8400   Fax: (512) 542-8612   John C. Wander
  Texas Bar No. 00791877   Elizabeth C. Brandon   Texas Bar No. 24049580   3700
Trammell Crow Center   2001 Ross Avenue   Dallas, TX 75201-2975   Tel: (214)
220-7770   Fax: (214) 999-7770   HUNTON & WILLIAMS   Richard L. Adams   Texas
Bar No. 00874950   Jo Ann Biggs   State Bar No. 02312400   1445 Ross Avenue,
Suite 3700   Dallas, Texas 75202   Tel. (214) 979-3000   Fax. (214) 979-3901

ATTORNEYS FOR TEXAS ENERGY FUTURE

HOLDINGS LIMITED PARTNERSHIP

 

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By:  

/s/ Matt Henry

  HUNTON & WILLIAMS   Matthew C. Henry   Texas Bar No. 00790870   1445 Ross
Avenue, Suite 3700   Dallas, Texas 75202   Tel. (214) 979-3000   Fax. (214)
979-3901   Howard V. Fisher   State Bar No. 07051500   Oncor Electric Delivery
Company   1601 Bryan Street, 23rd Floor   Dallas, Texas 75201   214.486.3026
Office   214.486.3221 Fax

ATTORNEYS FOR ONCOR ELECTRIC

DELIVERY COMPANY

TEXAS INDUSTRIAL ENERGY CONSUMERS By:  

/s/ Lino Mendiola

  ANDREWS KURTH LLP   Jonathan Day   State Bar No. 05610000   Lino Mendiola  
State Bar No. 00791248   Tammy Cooper   State Bar No. 00796401   111 Congress
Avenue, Suite 1700   Austin, Texas 78701   Telephone: (512) 320-9200   Fax:
(512) 320-9292

 

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STEERING COMMITTEE OF CITIES

SERVED BY ONCOR

By:  

/s/ Thomas L. Brocato

 

LLOYD GOSSELINK BLEVINS

ROCHELLE & TOWNSEND, P.C.

  Geoffrey Gay   State Bar No. 07774300   Thomas L. Brocato   State Bar No.
03039030   Kristen Pauling Doyle   State Bar No. 00797225   816 Congress Avenue,
Suite 1900   Austin, Texas 78701   Telephone: (512) 322-5800   Fax: (512)
472-0532 OFFICE OF PUBLIC UTILITY COUNSEL By:  

 

  Suzi Ray McClellan   Public Counsel   State Bar No. 16607620   James K.
Rourke, Jr.   Assistant Public Counsel   State Bar No. 17323700   1701 N.
Congress Avenue, Suite 9-180   P.O. Box 12397   Austin, Texas 78711-2397  
Telephone: (512) 936-7500   Fax: (512) 936-7525

 

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STEERING COMMITTEE OF CITIES

SERVED BY ONCOR

By:  

 

 

LLOYD GOSSELINK BLEVINS

ROCHELLE & TOWNSEND, P.C.

  Geoffrey Gay   State Bar No. 07774300   Thomas L. Brocato   State Bar No.
03039030   Kristen Pauling Doyle   State Bar No. 00797225   816 Congress Avenue,
Suite 1900   Austin, Texas 78701   Telephone: (512) 322-5800   Fax: (512)
472-0532 OFFICE OF PUBLIC UTILITY COUNSEL By:  

/s/ James K. Rourke, Jr.

  Suzi Ray McClellan   Public Counsel   State Bar No. 16607620   James K.
Rourke, Jr.   Assistant Public Counsel   State Bar No. 17323700   1701 N.
Congress Avenue, Suite 9-180   P.O. Box 12397   Austin, Texas 78711-2397  
Telephone: (512) 936-7500   Fax: (512) 936-7525

 

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STAFF OF THE PUBLIC UTILITY

COMMISSION OF TEXAS

Thomas S. Hunter Division Director Legal Division Keith Rogas Deputy Division
Director Legal Division

/s/ Paul A. Curtis

Paul A. Curtis Senior Attorney – Legal Division State Bar No. 24047627 Public
Utility Commission of Texas 1701 N. Congress Avenue P.O. Box 13326 Austin, Texas
78711-3326 Telephone: (512) 936-7297 Facsimile: (512) 936-7268

 

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STATE OF TEXAS GREG ABBOTT Attorney General of Texas KENT C. SULLIVAN First
Assistant Attorney General DAVID S. MORALES Deputy Attorney General for Civil
Litigation PAUL D. CARMONA Chief, Consumer Protection and Public Health Division
MARION TAYLOR DREW Public Agency Representation Section Chief By:  

/s/ Marion Taylor Drew for

  Bryan L. Baker   State Bar No. 00790256   Susan Kelley   State Bar No.
11205700   Assistant Attorneys General   Office of the Attorney General   P.O.
Box 12548   Austin, Texas 78711   Voice: (512) 475-4171   Fax: (512) 322-9114  
E-mail: bryan.baker@oag.state.tx.us                susan.kelley@oag.state.tx.us

 

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TEXAS STATE ASSOCIATION

OF ELECTRICAL WORKERS

By:  

 

  DEATS, DURST, OWEN & LEVY, P.L.L.C.   Richard Levy   State Bar No. 12268650  
Philip Durst   State Bar No. 06287850   Elaine F. Edwards   State Bar No.
34049829   1204 San Antonio Street, Suite 203   Austin, Texas 78701   Telephone:
(512) 474-6200   Fax: (512) 474-7896

 

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TEXAS LEGAL SERVICES CENTER By:  

/s/ Randall Chapman

  Randall Chapman, Bar No. 04129800   Neish A. Carroll, Bar No. 00795282   Texas
Legal Services Center   815 Brazos, Suite 1100   Austin, Texas 78701  
Telephone: (512) 477-6000   Facsimile: (512) 477-6576

 

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TEXAS RATEPAYERS’ ORGANIZATION

TO SAVE ENERGY

By:  

/s/ Neish A. Carroll for Carol J. Biedrzycki

  Carol J. Biedrzycki, Executive Director   Texas Ratepayers’ Organization to
Save Energy   815 Brazos, Ste. 1100   Austin, Texas 78701   Telephone: (512)
472-5233   Facsimile: (512) 472-5310

 

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ATTACHMENT 1

Exhibit B

Allocation of One-Time Credit Provided in Section I, Paragraph 35 of Stipulation

 

Customer Class

   Amount Allocated to Class

Residential

   $ 32,983,398.59

Sec<=10 kW

   $ 790,769.48

Sec>10kW

   $ 26,427,614.56

Pri<=10kW

   $ 11,163.78

Pri>10kW

   $ 5,279,308.63

Transmission

   $ 5,401,089.92

Lighting

   $ 1,106,655.05

Credit Methodology

General

Oncor will calculate a credit amount per ESI ID in accordance with the
methodology set forth in this Exhibit B. Oncor will use the standard Texas SET
810_02 transaction with specific transaction charge code (SER 105) in order to
provide the allocated share of $72 million credit to the participating REPs by
ESI ID. The credit will be calculated on an ESI ID basis for each end-use retail
customer of a participating REP as of the last billing day of Oncor’s December
2007 billing cycle. Each per ESI ID credit amount shall be truncated to the
cent. The credit amount for each ESI ID will be sent to that end-use retail
customer’s REP as of the date of the credit, by ESI ID.

Residential Service ($32,983,398.59)

The Residential Rate Class credit will be based on a fixed $ amount per
Residential ESI ID that will be calculated as follows: $32,983,398.59/ Total
Number of participating REP Residential ESI IDs determined as of the last
billing day of Oncor’s December 2007 billing cycle.

Secondary Service Less Than or Equal to 10 kW ($790,769.48)

Same process used for Residential Service.

 

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Secondary Service Greater Than 10 kW ($26,427,614.56)

The Secondary Service Greater Than 10 kW customer credit will be determined
based on each participating REP’s customer’s (on a per ESI ID basis) 2007 annual
kWh consumption as a percentage of the total 2007 participating REP’s annual
Secondary Service Greater Than 10 kW class kWh.

Each individual ESI ID’s percentage as calculated above will be multiplied by
the total class credit of $26,427,614.56.

Primary Service Less Than or Equal to 10 kW ($11,163.78)

Same process used for Residential Service.

Primary Service Greater Than 10 kW ($5,279,308.63)

Same process used for Secondary Service Greater Than 10 kW.

Transmission Service ($5,401,089.92)

Same process used for Secondary Service Greater Than 10 kW.

Lighting Service ($1,106,655.05)

The Lighting Service credit of $1,106,655.05 will be allocated to the various
types of lights based on the light type’s percentage of the total revenue for
the 2006 calendar year.

 

Light Type

   % of 2006 Test Year
Lighting Revenue     Credit

Schedule A

   58.88 %   $ 651,750.58

Schedule B

   8.66 %   $ 95,811.58

Schedule C

   0.03 %   $ 386.34

Schedule D

   2.23 %   $ 24,725.58

Metered (Non-Company)

   1.7 %     18,622.17

Metered (Company)

   0.4 %     4,420.61

Outdoor Lights

   28.1 %     310,938.20             

Total

   100.0 %   $ 1,106,655.06

For Street Light Schedules A, B, C, D, and Outdoor Lights, the credit will be
based on a fixed $ amount per light type calculated by dividing the allocated
amount for each light type by each participating REP’s number of lights in that
type as of last billing day of Oncor’s December 2007 billing cycle.

For metered streetlight service, the credit will be calculated for each metered
premise based on each participating REP’s metered premises’ 2007 annual revenue
as a percentage of the total 2007 revenue for metered Street Light Service.

 

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