txu electric delivery company

Transcription

Attachment 5
Page 8 of 12
TXU ELECTRIC DELIVERY COMPANY
BILLED AND COLLECTED TRANSITION CHARGES
GS PRIMARY TOTAL
TC2
Jut 2004
$413,425.24
$427,162.47
Aug
$444,250.51
SeP
Oct
$441,083.59
Nov
$428,944.97
Dec
$495,031.73
Jan 2005
$482,792.99
Feb
$487,508.62
Mar
$491,911.12
$490,353.43
APr
Total
$4,602,464.67
Investment Earnings
Total Collected
Total Payment Requirement
RAAF Factor
Rate Class Payment Requirement
Under/(Over)-recoveryAmount
Collection After April 30
Mar
APr
Early Payment of April 2005 Billings
May
Total
2 0 0 5 ANNU=
TC2
Billed
Charge Off
($2,230.13)
($2,304.35)
($2,396.94)
($2,379.44)
($2,313.86)
($2,669.95)
($2,597.21)
($2,628.45)
($2,652.02)
($2,644.27)
($24,816.62)
Total
TC2
$411,195.11
$424,858.12
$441,853.57
$438,704.15
$426,631.1 1
$492,361.78
$480,195.78
$484,880.17
$489,259.10
$487,709.16
$4,577,648.05
$9,742.36
$355,640.84
$446,646.42
$417,950.38
$471,848.61
$431,892.77
$478,795.01
$354,109.54
$710,720.62
$614,654.60
$4,292,001.15
Collected
May 2005
($52.61)
($1,918.25)
($2,409.45)
($2,254.94)
($2,545.54)
($2,329.73)
($2,581.57)
($1,904.25)
($3,833.68)
($2,450.92)
($22,280.94)
Total
$9,689.75
$353,722.59
$444,236.97
$415,695.44
$469,303.07
$429,563.04
$476,213.44
$352,205.29
$706,886.94
$612,203.68
$4,269,720.21
$68,475,400.58
5.89820%
$4,038,816.08
($246,454.25)
$69,523.72
$485,075.53
($160,000.00)
50
Attachment 5
Page 9 of 12
LIGHTING
TC2
Jul2004
SeP
Oct
Nov
Dec
Jan 2005
Feb
Mar
APr
Total
Investment Earnings
Total Collected
$51,357.24
$51,321.93
$51,514.22
$51,829.07
$51,297.80
$54,238.47
$52,596.19
$51,753.96
$59,473.69
$53,627.89
$529,010.46
Total Pavment Requirement
RAAF Factor
Mar
APr
May
Total
2 0 0 5 ANNUAL TC2
Billed
Charge Off
($213.80)
($213.88)
($215.45)
($217.18)
($215.26)
($230.04)
($201.26)
($181.12)
($219.68)
($189.21)
($4.66)
Total
TC2
$51,143.44
$51,108.05
$51,298.77
$51,611.89
$51,082.54
$54,008.43
$52,394.93
$51,572.84
$59,254.01
$53,438.68
$526.913.58
$35.77
$23,224.39
$54,616.87
$47,602.70
$60,319.19
$51,804.93
$53,177.10
$48,624.04
$61,858.32
$69,510.43
$470,773.74
Collected
May 2005
($0.18)
($78.08)
($227.87)
($197.79)
($256.38)
($218.07)
($224.89)
($195.72)
($225.00)
($180.37)
($1,804.35)
Total
$35.59
$23,146.31
$54,389.00
$47,404.91
$60,062.81
$51,586.86
$52,952.21
$48,428.32
$61,633.32
$69,330.06
$468,969.39
$1,802.25
$470,771.64
$68,475,400.58
0.68360%
$468,097.84
($2,673.81)
$8,419.99
$53,150.1 1
($20,000.00)
$53,214.48
$94,784.59
51
Attachment 5
Page 10 of 12
HIGH VOLTAGE
TC2
$242,817.55
Jul2004
$281,033.49
Aug
$289,234.34
SeP
$274,110.29
Oct
$263,068.21
Nov
$204,552.83
Dec
Jan 2005
$192,877.00
$175,854.76
Feb
$181,922.74
Mar
$188,008.68
APr
Total
$2,293,479.89
Investment Earnings
Total Collected
RAAF Factor
Mar
APr
May
Total
2 0 0 5 ANNUAL TC2
Billed
Charge Off
($1,311.24)
($1,517.55)
($1,561.81)
($1,480.21)
($1,420.55)
($1,104.61)
($1,041.55)
($949.63)
($982.37)
($1,015.23)
($12,384.75)
Total
TC2
$241,506.31
$279,515.94
$287,672.53
$272,630.08
$261,647.66
$203,448.22
$191,835.45
$174,905.13
$180,940.37
$186,993.45
$2,281,095.14
$1,781.25
$229,769.69
$292,543.43
$285,995.32
$279,820.58
$261,233.59
$197,840.64
$142,477.98
$235,402.58
$241,092.82
62,167,957.88
Collected
May 2005
($9.62)
($1,240.78)
($1,579.71)
($1,544.32)
($1,511.04)
($1,410.65)
($1,068.35)
($769.38)
($1,271.21)
($977.90)
($11,382.96)
Total
$1,771.63
$228,528.9 1
$290,963.72
$284,451.OO
$278,309.54
$259,822.94
$196,772.29
$141,708.60
$234,131.37
$240,114.92
$2,156,574.92
$7,349.01
$2,163,923.93
$68,475,400.58
2.78750%
$1,908,751.79
($255,172.14)
$25,711.63
$185,983.69
($60,000.00)
$204,477.99
$356,173.31
52
Attachment 5
Page 11 of 12
INSTANTANEOUS INTERRUPTIBLE
TC2
Jul2004
$101,861.45
$106,365.73
Aug
$111,754.35
SeP
Oct
$114,065.95
Nov
$104,370.82
Dec
$142,510.94
Jan 2005
$134,888.38
Feb
$140,777.83
Mar
$140,000.84
$140,444.43
APr
Total
$1,237,040.72
Investment Earnings
Total Collected
RAAF Factor
Billed
Charge Off
($550.03)
($574.41)
($603.49)
($615.95)
($563.59)
($769.52)
($728.41)
($760.20)
($756.06)
($758.40)
($6,680.06)
Total
TC2
$101,311.42
$105,791.32
$111,150.86
$113,450.00
$103,807.23
$141,741.42
$134,159.97
$140,017.63
$139,244.78
$139,686.03
$1,230,360.66
$4,406.77
$93,138.16
$113,786.72
$96,273.47
$119,931.99
$113,016.82
$132,137.95
$87,517.62
$192,166.62
$182,350.35
$1,134,726.47
Collected
May 2005
($23.79)
($502.94)
($614.49)
($519.86)
($647.64)
($610.29)
($713.51)
($472.56)
($1,037.75)
($768.72)
($5,911.55)
Total
$4,382.98
$92,635.22
$113,172.23
$95,753.61
$119,284.35
$112,406.53
$131,424.44
$87,045.06
$191,128.87
$181,581.63
$1,128,814.92
$4,895.30
$1,133,710.22
$68,475,400.58
1.85680%
$1,271,451.24
$137,741.02
Mar
APr
May
Total
$19,786.68
$138,931.73
($40,000.00)
$146,771.01
$265,489.42
2005 ANNUAL TC2
53
Attachment 5
Page 12 of 12
NOTICED INTERRUPTIBLE
TC2
$167,152.00
$176,937.47
$176,000.97
$176,546.53
$155,144.32
$282,531.95
$274,558.75
Feb
$276,192.83
Mar
$278,256.48
$267,494.64
APr
Total
$2,230,815.94
Investment Earnings
Total Collected
Jul2004
Aug
SeP
Oct
Nov
Dec
Jan 2005
RAAF Factor
Mar
APr
May
Total
2 0 0 5 ANNUAL TC2
Billed
Charge Off
($902.57)
($955.47)
($950.38)
($953.34)
($837.72)
($1,525.61)
($1,481.42)
($1,491.46)
($1,502.62)
($1,444.44)
($12,045.03)
Total
TC2
$166,249.43
$175,982.00
$175,050.59
$175,593.19
$154,306.60
$281,006.34
$273,077.33
$274,701.37
$276,753.86
$266,050.20
$2.218.770.91
$14,497.88
$133,105.45
$193,819.69
$150,017.75
$208,348.76
$174,695.33
$252,637.98
$2 15,552.21
$361,152.44
$335,608.61
$2,039,436.10
Collected
May 2005
($78.29)
($718.73)
($1,046.58)
($810.12)
($1,125.02)
($943.33)
($1,364.19)
($1,162.75)
($1,950.27)
($1,380.31)
($10,579.59)
Total
$14,419.59
$132,386.72
$192,773.11
$149,207.63
$207,223.74
$173,752.00
$251,273.79
$214,389.46
$359,202.17
$334,228.30
$2,028,856.51
$7,305.77
$2,036,162.28
$68,475,400.58
2.i /110%
$1,897,521.83
($138,640.46)
$39,326.72
$264,613.53
($80,000.00)
$353,328.42
$577,268.67
54
Tariff for Retail Delivery Service
TXU Electric Delivery Company
- -
6.1.1 Delivery System Charges
Applicable: Excludes Certified Service Area previously served by TXU SESCO
Effective Date: May 13, 2005
-
Attachment 6
Page 1 of 14
Sheet: 7
Page 1 of 7
Revision: Two I T
-
6.1.1.7.1 Rider TC2 Transition Charge
APPLICATION
Applicable, pursuant to Subchapter G, of Chapter 39 of the Public Utility Regulatory Act (PURA), to all existing or future
retail customers taking transmission and/or distribution service from the Company and to the facilities, premises, and
loads of those retail customers, within the Company’s geographical certificated service area as it existed on May 1,
1999. This schedule also applies to:
1.
2.
3.
Retail customers taking service at facilities, premises, or loads located within the Company’s geographical service
area as it existed on May 1, 1999 who are not presently receiving transmission and/or distribution service from the
Company, but whose present facilities, premises, or loads received transmission and/or distribution service from the
Company at any time on or after May 1,1999 when a request to change service to another utility was not pending.
Retail customers whose load is served by New On-site Generation (NOSG) as defined by P.U.C. SUBST.R.
25.342(~)(1).
Public retail customers located within the service area who purchase power from the General Land Office under
PURA Q 35.102.
Beginning on the first billing cycle after the issuance of transition bonds issued to recover the Company’s regulatory
assets and other qualified costs and continuing until the date customer choice begins in the power region in which the
Company is located, there is recorded in a separate account, for that purpose, an amount equal to the amount collected
by the application of this rate to be used to repay the principal and interest and ongoing fees and expenses on the
transition bonds. After customer choice begins in the power region in which the Company is located, the amount
calculated pursuant to this rate will be billed to retail electric providers (REP) based on individual retail customer
consumption.
METHOD OF CALCULATION
(a)
For all retail customers on each retail rate schedule.
The transition charge is calculated for each regulatory asset recovery class by the application of a Transition
Charge Factor, determined in accordance with the following formula’:
Transition Charge Factor (TCF) = [(TC‘RAAF)+A] / K, where:
TC =
Total Recovery Amount correspondingto the length of the Recovery Period is an amount necessary to
recover the principal and interest and ongoing fees and expenses associated with the bonds,
debentures, notes, certificates of participation or of beneficial interest, or other evidence of
indebtedness or ownership that are issued by the Company, its successors, or an assignee under a
Public Utility Commission of Texas approved financing order.
RAAF = Regulatory Asset Allocation Factor for each class as shown in the table below.
A=
True-up amount for each regulatory asset recovery class as contained in a notification filed with the
Commission under PURA 5 39.003, subject to Commission review within 15 days of filing.
K=
The Company’s most current estimated kWh or kW sales by regulatory asset recovery class for the
length of the Recovery Period as contained in a notification filed with the Commission under PURA
Q 39.003, subject to Commission review within 15 days of filing.
‘For the General Service Secondary and General Service Primary classes, the two-step procedure described
in the Financing Order for Docket No. 21527 will be used to calculate a TCF in $/kWh for non-demand metered
customers and a TCF in $/kW for demand-metered customers.
For the purpose of this formula, Recovery Period means, pursuant to PURA § 39.307, a period not to exceed
12 months.
75.2
2 0 0 5 ANNUAL TC2
55
Attachment 6
Page 2 of 14
.
-
Sheet: 7
Page 2 of 7
Revision: Two T
Applicable: Excludes Certified Service Area previously sewed by TXU SESCO
Effective Date: May 13,2005
(b)
I
Regulatory Asset Allocation Factors (RAAF) and associated Transition Charge Factors for each regulatory
asset recovery class are as follows:
Transition
Charge Factor
(TCFP)
Regulatory Asset
Recovery Class
Rate Schedule
Regulatory
Asset
Allocation
Factor
(RAAF)
ResidentialService
R, RLU, RTU, RTU1, RTU1-M, RRE
0.41 2705
See Page 7 of 7
General Service
Secondary
GS, S-Sec, GSR, MS, MP-Sec GTU-Sec, GTU-M-Sec,
RTP-Sec, GC-Sec, and all riders excluding
Interruptible
0.447323
See Page 7 of 7
General Service Primary
GP, S-Pri, GPR, MS-Pri, MP-Pri, GTU-Pri, GTU-M-Pri,
RTP-Pri, GC-Pri, and all riders excluding interruptible
0.058982
See Page 7 of 7
High Voltage Service
HV, S-Tran, HVR, GTU-Tran GTU-M-Tran, RTP-Tran,
GC-Tran, and all riders excluding interruptible
0.027875
See Page 7 of 7
Lighting Service
OL, SL, SL-Pri
0.006836
See Page 7 of 7
Instantaneous
Interruptible
GSI, GPI, HVI, SSI, SPI, STI, GSRTPI1, GSRTPIM,
GSRTPID, GPRTPI1, GPRTPIM, GPRTPID, HVRI,
HVRTPIM, HVRTPID, and applicable riders
0.018568
See Page 7 of 7
Noticed Interruptible
GSNI, GSNB, GPNI, GPNB, HVNI, NVNB, GTUC-Sec,
GTUC-Pri, GTUC-Tran, GTUC-M-Sec, GTUC-M-Pri,
GTUC-M-Tran, GSRTPNI, GPRTPNI, HVRTPNI, and
applicable riders.
0.02771 1
See Page 7 of 7
Should any of the Regulatory Asset Recovery Classes cease to have any customers, the Regulatory Asset
Allocation Factor will be adjusted proportionately such that the total RAAF equals 1.OOO.
For Rate S and Rider SI customers, the transition charge will be a pro-rated daily demand charge based on the
otherwise applicable non-standby transition charge.
(a) The Transition Charge Amount for each customer is determined by multiplyingthe applicable Transition Charge
Factor (TCF) by the customer’s kWh or kW usage in the billing month. The Transition Charge Amount for each
customer is determined to the nearest whole cent.
(b) Each customer receiving service on or before May 1, 1999 will be assigned to the specific Regulatory Asset
Recovery Class associated with the principal rate schedule under which a majority of the customer’s service was
provided on May 1, 1999, and shall remain in said Regulatory Asset Recovery Class until customer ceases
receiving regulated service from TXU Electric, except as provided for in PURA Q 39.252(b)(l) and (c).
(c) Any customer not previously served by TXU Electric and initiating service after May 1, 1999 and prior to January 1,
2002, will be assigned to the specific Regulatory Asset Recovery Class associated with the principal rate schedule
under which a majority of the customer‘s service was initially provided and shall remain in said Regulatory Asset
Recovery Class until customer ceases receiving regulated service from TXU Electric, except as provided for in
PURA 8 39.252(b)(l) and (c).
(d) Each customer initiating service on or after January 1,2002, will be assignedto a specific Regulatory Asset
Recovery Class on the basis of the principal rate schedule under which the majority of the customer‘s load would
have been served as of May 1,1999.
75.3
2 0 0 5 ANNUAL TC2
56
Attachment 6
Page 3 of 14
Effective Date: May 13, 2005 .
Sheet: 7
Page 3 of 7
Revision: Two
I -f
NON-STANDARD TRUE-UP PROCEDURE
In the event that the forecasted billing units for one or more of the Transition Charge customer classes for an upcoming
period decreases by more than 10% of the billing units from the 12 months ending April 30, 1999, the Servicer shall
make a non-standardtrue-up filing at least 90 days before the date of the next true-up adjustment. The true-up shall be
conducted in the following manner. The Servicer shall:
allocate the upcoming periods Periodic Billing Requirement based on the Raffs approved in the
Financing Order;
calculate undercollections or overcollections from the preceding period in each class;
sum the amounts allocated to each customer class in steps (a) and (b) above to determine an
adjusted Periodic Billing Requirement for each customer class;
divide the Periodic Billing Requirement for each customer class by the maximum of the forecasted
billing units or the threshold billing units for that class, to determine the threshold rate;
multiply the threshold rate by the forecasted billing units for each class to determine the expected
collections under the threshold rate;
allocate the difference in the adjusted Periodic Billing Requirement and the expected collections
calculated in step (e) among the transition charge customer classes using the RAAFs approved in this
Financing Order;
add the amount allocated to each class in step (9 above to the expected collection amount by class
calculated in step (e) above to determine the final Periodic Billing Requirement for each class; and
divide the final Periodic Billing Requirement for each class by the forecasted billing units to determine
the transition charge rate by class for the upcoming period. For the General Service Secondary and
General Service Primary classes, the two-step procedure described in the FinancingOrder for Docket
No. 21527 will be used to calculate a TCF in $/kWh for non-demand-meteredcustomers and a TCF in
$/kW for demand-met-red customers.
A proceedingfor the purpose of approving a nonstandard true-up should be conducted in the following manner:
(a)
(b)
(c)
The servicer will make a "non-standard true-up filing" with the Commission at least 90 days before the
date of the proposedtrue-up adjustment. The filing will contain the proposed changes to the transition
charge rates, justification for such changes as necessary to specifically address the cause(s) of the
proposed nonstandardtrue-up, and a statement of the proposed true-up date.
Concurrently with the filing of the non-standard true-up with the Commission, the servicer will notify all
parties in Docket No. 21527 of the filing of the proposal for a non-standard true-up.
The servicer will issue appropriate notice and the Commissionwill conduct a contested case
proceeding on the nonstandard true-up proposal pursuant to PURA 0 39.003.
The scope of the proceeding will be limited to determining whether the proposed adjustment complies with this
Financing Order. The Commission will issue a final order by the proposed true-up adjustment date stated in the nonstandard true-up filing. In the event that the Commission cannot issue an order by that date, the servicer will be
permitted to implement its proposed changes. Any modifications subsequently ordered by the Commission will be
made by the servicer in the next true-up filing.
BILLING AND COLLECTION
The billing and collection of TC Rates may differ as set forth in this schedule. The terms and conditions for
each party are set forth below:
1) Billina and Collection Prior to Customer Choice
1.
Applicable to consumption of all current retail customers.
2.
Payment terms identical to present retail rates.
3.
Right to terminate for non-payment pursuant to P.U.C. SUBST.R. 25.28 and 25.29, or any
successor rule(s).
f
l
1.
Applicable to former retail customers of the Company in multiplycertificatedservice areas now
taking service from other utilities or cooperatives, if the customer did not have a request to switch
service pending as of May 1,1999.
2.
Charges subject to this tariff must be paid in full by the other utility or cooperative to the Servicer
75.4
2005 ANNUAL TC2
57
-
Attachment 6
Page 4 of 14
Sheet: 7
Page 4 of 7
Revision: Two
Ir
16 days after billing by the Servicer regardless of whether the utility or cooperative collects such
charges from the end-use retail customer.
4
1.
Applicable to end use consumption served by on-site non-eligible self-generation.
2. Payment terms pursuant to the Commission’s rules.
3. Right to terminate for non-payment pursuant to P.U.C. SUSST.R. 25.28 and 25.29, or any
successor rule(s).
1.
Applicable to former retail customers of the Company in multiply-certificatedservice areas now
taking service from other utilities or cooperatives.
2.
Charges subject to this tariff must be paid in full by the other electric utility or cooperativeto the
Servicer 35 days after billing by the Servicer regardless of whether the utility or cooperative
collects such charges from the end-use retail customer.
1.
Applicable to end-use consumption served by on-site non-eligible self generation.
2.
Payment terms pursuant to the Commission’s rules.
3.
Right to terminate for non-payment pursuant to the Commission’s rules.
k
1.
o
m
e
r
s
:
Applicable to consumption of all retail end-use customers served by the REP for which TCs apply,
including applicable former customers and NESG, under the following conditions:
2. REPSshall provide the Servicer with full and timely information necessary to provide proper
reporting and for billing and true-up adjustments.
3. Each REP must (1) have a long-term, unsecured credit rating of not less than “BBB-” and “Baa8
(or the equivalent) from Standard & Poor‘s and Moody’s Investors Service, respectively, or (2)
provide (A) a deposit of two months’ maximum expected Transition Charge collections in the form
of cash, (8) an affiliate guarantee, surety bond, or letter of credit providing for payment of such
amount of Transition Charge collections in the event that the REP defaults in its payment
obligations, or (C) a combination of any of the foregoing. A REP that does not have or maintain
the requisite long-term, unsecured credit rating may select which alternate form of deposit, credit
support, or combination thereof it will utilize, in its sole discretion. The Indenture Trustee shall be
the beneficiary of any affiliate guarantee, surety bond or letter of credit. The provider of any
affiliate guarantee, surety bond, or letter of credit must have and maintain a long-term, unsecured
credit ratings of not less than “BBB-” and ”Baa3” (or the equivalent) from Standard & Poor’s and
Moody’s InvestorsService, respectively.
4.
If the long-term, unsecured credit rating from either Standard & Poor‘s or Moody’s Investors
Service of a REP that did not previously provide the alternate form of deposit, credit support, or
combination thereof or of any provider of an affiliate guarantee, surety bond, or letter of credit is
suspended, withdrawn, or downgradedbelow “BBB-” or “Baa8 (or the equivalent), the REP must
provide the alternate form of deposit, credit support, or combination thereof, or new forms thereof,
in each case from providers with the requisite ratings, within 10 business days following such
suspension, withdrawal, or downgrade. A REP failing to make such provision must comply with
the provisions set forth in Paragraph 3 of the next section, Billings by the Servicer to the REP or
its Replacement (when applicable).
5. The computation of the size of a required deposit shall be agreed upon by the Servicer and the
REP, and reviewed no more frequently than quarterlyto ensure that the deposit accurately
reflects two months’ maximum collections. Within 10 business days following such review, (1) the
REP shall remit to the Indenture Trustee the amount of any shortfall in such required deposit or
(2) the Servicer shall instruct the Indenture Trustee to remit to the REP any amount in excess of
such required deposit. A REP failing to so remit any such shortfall must comply with the
provisions set forth in Paragraph 3 of the next section, Billings by the Servicer to the REP or its
Replacement (when applicable). REP cash deposits shall be held by the IndentureTrustee,
maintained in a segregated account, and invested in short-termhigh quality investments, as
75.5
2 0 0 5 ANNUAL TC2
58
Attachment 6
Page 5 of 14
Sheet: 7
Page 5 of 7
Revision: Two
I7
permitted by the rating agencies rating the Transition Bonds. Investment earnings on REP cash
deposits shall be considered part of such cash deposits so long as they remain on deposit with
the Indenture Trustee. At the instruction of the Servicer, cash deposits will be remitted with
investment earnings to the REP at the end of the term of the Transition Bonds unless otherwise
utilized for the payment of the REP’s obligations for Transition Bond payments. Once the deposit
is no longer required, the Servicer shall promptly (but not later than 30 calendar days) instruct the
IndentureTrustee to remit the amounts in the segregated accounts to the REP.
6.
In the event that a REP or the Provider of Last Resort (POLR) is billing customers for TCs, the
REP shall have the right to transfer the customer to the POLR (or to another certified REP) or to
direct the Servicer to terminate transmission and distribution service to the end-use customer for
non-payment by the end-use customer pursuant to applicable Commission rules.
D. Billinas bv the Servicer to the REP or its Redacement (when awlicable):
1. Applicable to all consumption subject to REP billing of TCs.
2.
Payments of TCs are due 35 calendar days following each billing by the Servicer to the REP, without
regard to whether or when the REP receives payment from its retail customers. The Servicer shall accept
payment by electronic funds transfer (EFT), wire transfer (WT) and/or check. Payment will be considered
received the date the EFT or WT is received by the Servicer, or the date the check clears. A 5% penalty is
to be charged on amounts received after 35 calendar days; however, a 10-calendar-daygrace period will
be allowed before the REP is considered to be in default. A REP in default must comply with the
provisions set forth in Paragraph 3 below. The 5% penalty will be a one-time assessment measured
against the current amount overdue from the REP to the Servicer. The current amount consists of the total
unpaid Transition Charges existing on the 36‘h calendar day after billing by the Servicer. Any and all such
penalty payments will be made to the indenture trustee to be applied against Transition Charge
obligations. A REP shall not be obligated to pay the overdue Transition Charges of another REP. If a REP
agrees to assume the responsibilityfor the payment of overdue Transition Charges P S a condition of
receiving the customers of another REP who has decided to terminate service to those customers for any
reason, the new REP shall not be assessed the 5% penalty upon such Transition Charges; however, the
prior REP shall not be relieved of the previously assessed penalties.
3.
After the 10 calendar-day grace period (the 4!jthcalendar day after the billing date) referred to in
Paragraph 2 above, the Servicer shall have the option to seek recourse against any cash deposit, affiliate
guarantee, surety bond, letter of credit, or combination thereof made by the REP, and avail itself of such
legal remedies as may be appropriate to collect any remaining unpaid Transition Charges and associated
penalties due the Servicer after the application of the REP’s deposit or alternate form of credit support. In
addition, a REP that is in default with respect to the requirements set forth in Paragraphs 4 and 5 of the
previous section, Billinas bv the REP or its Redacement to End-Use Customers, and Paragraph 2 of this
section shall select and implement one of the following options:
(a) Allow the Provider of Last Resort (POLR) or a qualified REP of the customer’s choosing to
immediately assume the responsibility for the billing and collection of Transition Charges.
(b) Immediately implement other mutually suitable and agreeable arrangements with the Servicer. It
is expressly understood that the Servicer’s ability to agree to any other arrangements will be
limited by the terms of the servicing agreement and requirements of each of the rating agencies
that have rated the Transition Bonds necessary to avoid a suspension, withdrawal, or downgrade
of the ratings on the Transition Bonds.
(c) Arrange that all amounts owed by retail customers for services rendered be timely billed and
Immediately paid directly into a lock-box controlled by the Servicer with such amounts to be
applied first to pay Transition Charges before the remaining amounts are released to the REP.
All costs associated with this mechanism will be borne solely by the REP.
If a REP that is in default fails to immediately select and implement one of the foregoing options in (a), (b),
or (c) or, after so selecting one of the foregoing options, fails to adequately meet its responsibilities
thereunder, then the Servicer shall immediately implement option (a). Upon re-establishmentof the
requirementsset forth in Paragraphs 4 and 5 of the previous section, Billinas bv the REP or its
ReDlacement to End-Use Customers, and Paragraph 2 of this section and the payment of all past-due
amounts and associated penalties, the REP will no longer be required to comply with this subsection.
4.
17
The initial POLR appointed by the Commission, or any Commission appointed successor to the POLR, will be
requiredto meet the minimum credit rating and/or depositlcredit support requirementsdescribed in Paragraph
3 of the preceding section, Billings by the REP or its Replacementto End-Use Customers, in addition to any
other standards that may be adopted by the Commission. If the POLR defaults or is not eligible to provide
such services, responsibility for billing and collection of transition charges will immediately be transferred to
and assumed by the Servicer until a new POLR can be named by the Commission or the customer requests
the services of a certifiedREP. Retail customers may never be re-billed by the successor REP, the POLR, or
2 0 0 5 ANMTAL TC2
59
Attachment 6
Page 6 of 14
Sheet: 7
Page 6 of 7
Revision: Two
IT
Servicer for any amount of Transition Charges they have paid their REP (although future TCs shall reflect REP
and other system-wide charge-offs). Additionally, if the amount of the penalty detailed in Paragraph 2 of this
section is the sole remaining past-due amount after the 45th day, the REP shall not be required to comply with
(a), (b), or (c) above, unless the penalty is not paid within an additional 30 calendar days.
5. In the event the Servicer is billing customers for Transition Charges, the Servicer shall have the right to
terminate transmission and distribution service for non-payment by end-use customers pursuant to the
Commission’s rules.
6.
Notwithstanding Paragraph 2 of this section, the REPs will be allowed to hold back an allowance for
charge-offs in their payments to the Servicer. Such charge-off rate will be recalculatedeach year in
connection with the annual true-up procedure. In the initial year, the REPs will be allowed to remit
payments based on the same system-wide charge off percentage then being used by the Servicer to remit
payments to the indenture trustee for the holders of Transition Bonds. On an annual basis in connection
with the true-up adjustment process, the REP and the Servicer will be responsible for reconcilingthe
amounts held back with amounts actually written off as uncollectible in accordance with the terms agreed
to by the REP and the Servicer, providedthat:
(a) The REP‘s right to reconciliation for write-offs will be limited to customers whose service has been
permanently terminated and whose entire accounts (i.e., all amounts due the REP for its own account
as well as the portion representing Transition Charges) have been written off.
(b) The REP’s recourse will be limited to a credit against future TC payments unless the REP and the
Servicer agree to alternative arrangements, but in no event will the REP have recourse to the SPE or
its funds for such payments.
(c) The REP shall provide information on a timely basis to the Servicer so that the Servicer can include
the REPs default experience and any subsequent credits into its calculation of the Adjusted Transition
Charge Rates for the next TC billing Period and the REP‘s rights to credits will not take effect until
after such Adjusted Transition Charge Rates have been implemented.
7. In the event that a REP disputes any amount of billed Transition Charges, the REP shall pay the disputed
amount under protest according to the timelines detailed in Paragraph 2 of this section. The REP and
Servicer shall first attempt to informally resolve the dispute, but if failing to do so within 30 calendar days,
either patty may file a complaint with the Commission. If the REP is successful in the dispute process
(informal or formal), the REP shall be entitled to interest on the disputed amount paid to the Servicer at the
Commission-approved interest rate. Disputes about the date of receipt of Transition Charge payments
(and penalties arising thereof) or the size of a required REP deposit will be handled in a like manner. Any
interest paid by the Servicer on disputed amounts shall not be recovered through Transition Charges if it is
determined that the Servicer’s claim to the funds is clearly unfounded. No interest shall be paid by the
Servicer if it is determined that the Servicer has received inaccurate metering data from another entity
providing competitive metering services pursuant to PURA 8 39.1 07.
8.
If the Servicer is providingthe metering, the metering data will be providedto the REP at the same time as
the billing. If the Servicer is not providingthe metering, the entity providing metering service(s) will be
responsiblefor complying with Commission rules and ensuring that the Servicer and the REP receive
timely and accurate metering data in order for the Servicer to meet its obligations under the Servicing
Agreement and the Financing Order with respect to billing and true-ups.
NOTICE
This rate is subject to the orders of regulatory bodies having jurisdiction and to the provisionsof Company’s Tariff for
Electric Service.
7c; 7
2 0 0 5 ANNUAL TC2
60
Attachment 6
Page 7 of 14
Sheet: 7
Page 7 of 7
Revision: Two
I
Transition Charae Factor 2 (TCF2)
Residential
Service
General Service
Secondary
May 31,2005
0.000958
$kW h
0.000826 $kWh
or 0.366 $kW
0.000378 $kWh
or 0.289 $kW
0.146 $/kW
0.001360
$kW h
0.163 $kW
0.161 $kW
November 30,
2004
0.001 164
$kW h
0.000577 $kWh
or 0.163 $kW
0.000799$kWh
0.149 $kW
0.001343
$ k Wh
0.146 $ k W
0.316 $kW
June 30,2004
0.000966
$ k Wh
0.000970 $kWh
or 0.282 $kW
0.000654 $kWh
or 0.296 $kW
0.205 $kW
0.001277
$kWh
0.113 $kW
0.195$/kW
2 0 0 5 ANNUAL TC2
General Service
Primary
Hiah Voltaae
Service
or 0.355 $lkW
Liahtinq
Service
Instantaneous
InterruDtible
Noticed
Effective Date
Interruptible
(Rj1
61
Attachment 6
Page 8 of 14
Sheet: 7
Page 1 of 7
Revision: Two
-
6.1 .I .7.1- Rider TC2 Transition Charge
APPLICATION
Applicable, pursuant to Subchapter G, of Chapter 39 of the Public Utility Regulatory Act (PURA), to all existing or future
retail customers taking transmission and/or distribution service from the Company and to the facilities, premises, and
loads of those retail customers, within the Company’s geographical certificated service area as it existed on May 1,
1999. This schedule also applies to:
1.
Retail customers taking service at facilities, premises, or loads located within the Company’s geographical service
area as it existed on May 1, 1999 who are not presently receiving transmission and/or distribution service from the
Company, but whose present facilities, premises, or loads received transmission and/or distribution service from the
Company at any time on or after May 1,1999 when a request to change service to another utility was not pending.
2. Retail customers whose load is served by New On-site Generation (NOSG) as defined by P.U.C. SUBST.R.
25.342(c)(1).
3. Public retail customers located within the service area who purchase power from the General Land Office under
PURA 9 35.102.
Beginning on the first billing cycle after the issuance of transition bonds issued to recover the Company’s regulatory
assets and other qualified costs and continuing until the date customer choice begins in the power region in which the
Company is located, there is recorded in a separate account, for that purpose, an amount equal to the amount collected
by the application of this rate to be used to repay the principal and interest and ongoing fees and expenses on the
transition bonds. After customer choice begins in the power region in which the Company is located, the amount
calculated pursuant to this rate will be billed to retail electric providers (REP) based on individual retail customer
consumption.
METHOD OF CALCULATION
(a)
For all retail customers on each retail rate schedule.
The transition charge is calculated for each regulatory asset recovery class by the application of a Transition
Charge Factor, determined in accordance with the following formula*:
Transition Charge Factor (TCF) = [(TC*RAAF)+A]/ K, where:
TC =
Total Recovery Amount correspondingto the length of the Recovery Period is an amount necessary to
recover the principal and interest and ongoing fees and expenses associated with the bonds,
debentures, notes, certificates of participation or of beneficial interest, or other evidence of
indebtedness or ownership that are issued by the Company, its successors, or an assignee under a
Public Utility Commission of Texas approved financing order.
RAAF = Regulatory Asset Allocation Factor for each class as shown in the table below.
A=
True-up amount for each regulatory asset recovery class as contained in a notification filed with the
Commission under PURA 8 39.003, subject to Commission review within 15 days of filing.
K=
The Company’s most current estimated kWh or kW sales by regulatory asset recovery class for the
length of the Recovery Period as contained in a notificationfiled with the Commission under PURA
9 39.003, subject to Commission review within 15 days of filing.
*For the General Service Secondary and General Service Primary classes, the two-step procedure described
in the Financing Order for Docket No. 21527 will be used to calculate a TCF in $/kWh for non-demand metered
customers and a TCF in $/kW for demand-metered customers.
For the purpose of this formula, Recovery Period means, pursuant to PURA 5 39.307, a period not to exceed
12 months.
75.2
2 0 0 5 ANNUAL TC2
62
Attachment 6
Page 9 of 14
(b)
Sheet: 7
Page 2 of 7
Revision: Two
Regulatory Asset Allocation Factors (RAAF) and associated Transition Charge Factors for each regulatory
asset recovery class are as follows:
Regulatory
Asset
Allocation
Factor
Transition
Charge Factor
(TCFP)
RegulatoryAsset
Recovery Class
Rate Schedule
Residential Service
R, RLU, RTU, RTU1, RTU1-M, RRE
0.41 2705
See Page 7 of 7
General Service
Secondary
GS, S-Sec, GSR, MS, MP-Sec GTU-Sec, GTU-M-Sec,
RTP-Sec, GC-Sec, and all riders excluding
Interruptible
0.447323
See Page 7 of 7
General Service Primary
GP, S-Pri, GPR, MS-Pri, MP-Pri, GTU-Pri, GTU-M-Pri,
RTP-Pri, GC-Pri, and all riders excluding interruptible
0.058982
See Page 7 of 7
High Voltage Service
HV, S-Tran, HVR, GTU-Tran GTU-M-Tran, RTP-Tran,
GC-Tran, and all riders excluding interruptible
0.027875
See Page 7 of 7
Lighting Service
OL, SL, SL-Pri
0.006836
See Page 7 of 7
Instantaneous
Interruptible
GSI, GPI, HVI, SSI, SPI, STI, GSRTPI1, GSRTPIM,
GSRTPID, GPRTPI1, GPRTPIM, GPRTPID, HVRI,
HVRTPIM, HVRTPID, and applicable riders
0.018568
See Page 7 of 7
Noticed Interruptible
GSNI, GSNB, GPNI, GPNB, HVNI, NVNG, GTUC-Sec,
GTUC-Pri, GTUC-Tran, GTUC-M-Sec, GTUC-M-Pri,
GTUC-M-Tran, GSRTPNI, GPRTPNI, HVRTPNI, and
applicable riders.
0.02771 1
See Page 7 of 7
Should any of the Regulatory Asset Recovery Classes cease to have any customers, the Regulatory Asset
Allocation Factor will be adjusted proportionately such that the total RAAF equals 1.OOO.
For Rate S and Rider SI customers, the transition charge will be a pro-rated daily demand charge based on the
otherwise applicable non-standby transition charge.
(a) The Transition Charge Amount for each customer is determined by multiplyingthe applicable Transition Charge
Factor (TCF) by the customer's kWh or kW usage in the billing month. The Transition Charge Amount for each
customer is determined to the nearest whole cent.
(b) Each customer receiving service on or before May 1, 1999 will be assigned to the specific Regulatory Asset
Recovery Class associated with the principal rate schedule under which a majority of the customer's service was
provided on May 1, 1999, and shall remain in said Regulatory Asset Recovery Class until customer ceases
receiving regulated service from TXU Electric, except as provided for in PURA 8 39.252(b)(l) and (c).
(c) Any customer not previously served by TXU Electric and initiating service after May 1, 1999 and prior to January 1,
2002, will be assigned to the specific Regulatory Asset Recovery Class associated with the principal rate schedule
under which a majority of the customer's service was initially provided and shall remain in said Regulatory Asset
Recovery Class until customer ceases receiving regulated service from TXU Electric, except as provided for in
PURA 5 39.252(b)(l) and (c).
(d) Each customer initiating service on or after January 1,2002, will be assigned to a specific Regulatory Asset
Recovery Class on the basis of the principal rate schedule under which the majority of the customer's load would
have been served as of May 1,1999.
75.3
2 0 0 5 ANNUAL TC2
63
Attachment 6
Page 10 of 14
Sheet: 7
Page 3 of 7
Revision: Two
NON-STANDARD TRUE-UP PROCEDURE
In the event that the forecasted billing units for one or more of the Transition Charge customer classes for an upcoming
period decreases by more than 10% of the billing units from the 12 months ending April 30,1999,the Servicer shall
make a non-standardtrue-up filing at least 90 days before the date of the next true-up adjustment. The true-up shall be
conducted in the following manner. The Servicer shall:
allocate the upcoming periods Periodic Billing Requirement based on the Raffs approved in the
FinancingOrder;
calculate undercollections or overcollections from the preceding period in each class;
sum the amounts allocated to each customer class in steps (a) and (b) above to determine an
adjusted Periodic Billing Requirement for each customer class;
divide the Periodic Billing Requirement for each customer class by the maximum of the forecasted
billing units or the threshold billing units for that class, to determine the threshold rate;
multiply the threshold rate by the forecasted billing units for each class to determine the expected
collections under the threshold rate;
allocate the difference in the adjusted Periodic Billing Requirement and the expected collections
calculated in step (e) among the transition charge customer classes using the RAAFs approved in this
Financing Order;
add the amount allocated to each class in step (9 above to the expected collection amount by class
calculated in step (e) above to determine the final Periodic Billing Requirement for each class; and
divide the final Periodic Billing Requirement for each class by the forecasted billing units to determine
the transition charge rate by class for the upcoming period. For the General Service Secondary and
General Service Primary classes, the two-step procedure described in the Financing Order for Docket
No. 21527 will be used to calculate a TCF in $/kWh for non-demand-meteredcustomers and a TCF in
$/kW for demand-metered customers.
A proceedingfor the purpose of approving a non-standard true-up should be conducted in the following manner:
(a)
(b)
(c)
The servicer will make a "non-standard true-up filing" with the Commission at least 90 days before the
date of the proposed true-up adjustment. The filing will contain the proposed changes to the transition
charge rates, justification for such changes as necessary to specifically address the cause(s) of the
proposed non-standard true-up, and a statement of the proposed true-up date.
Concurrently with the filing of the non-standard true-up with the Commission, the servicer will notify all
parties in Docket No. 21527 of the filing of the proposal for a non-standardtrue-up.
The servicer will issue appropriate notice and the Commission will conduct a contested case
proceedingon the non-standard true-up proposal pursuant to PURA Q 39.003.
The scope of the proceedingwill be limited to determining whether the proposed adjustment complies with this
Financing Order. The Commission will issue a final order by the proposed true-up adjustment date stated in the nonstandard true-up filing. In the event that the Commission cannot issue an order by that date, the servicer will be
permitted to implement its proposed changes. Any modifications subsequently ordered by the Commission will be
made by the servicer in the next true-up filing.
BILLING AND COLLECTION
The billing and collection of T C Rates may differ as set forth in this schedule. The terms and conditions for
each party are set forth below:
11 Billina and Collection Prior to Customer Choice
A. Billina bv the Servicer to end-use customers:
1. Applicable to consumption of all current retail customers.
2. Payment terms identical to present retail rates.
3. Right to terminate for non-payment pursuant to P.U.C. SUBST.R. 25.28and 25.29,or any
successor rule(s).
B. Billinas bv Servicer to other electric utilities. municiDallv owned utilities. and cooDeratives:
1. Applicable to former retail customers of the Company in multiply-certificatedservice areas now
taking service from other utilities or cooperatives, if the customer did not have a request to switch
service pending as of May 1,1999.
2. Charges subject to this tariff must be paid in full by the other utility or cooperative to the Servicer
75.4
2 0 0 5 ANNUAL TC2
64
.
-
Attachment 6
Page 11 of 14
Applicable: Excludes Certified Service Area previously sewed by TXU SESCO
Sheet: 7
Page 4 of 7
Revision: Two
16 days after billing by the Sewicer regardless of whether the utility or cooperative collects such
charges from the end-use retail customer.
C. Billinas bv Servicer to Non-eliaibleSelf-aeneration(NESG):
1. Applicable to end use consumption served by on-site non-eligible self-generation.
2.
3.
Right to terminate for non-payment pursuant to P.U.C. SUBST.R. 25.28 and 25.29, or any
successor rule(s).
2) Billina and Collection Subseauent to Customer Choice
A. Billinas bv Servicer to other electric utilities, municiDallv owned utilities. and cooDeratives:
1. Applicable to former retail customers of the Company in multiply-certificatedservice areas now
taking service from other utilities or cooperatives.
2.
Charges subject to this tariff must be paid in full by the other electric utility or cooperative to the
Servicer 35 days after billing by the Servicer regardless of whether the utility or cooperative
collects such charges from the end-use retail customer.
B. Billinas bv Servicer to NESG:
1. Applicable to end-use consumption served by on-site non-eligible self generation.
2.
3.
Right to terminate for non-payment pursuant to the Commission’s rules.
C. Billinas bv the REP or its ReDlacement to End-UseCustomers:
1. Applicable to consumption of all retail end-use customers served by the REP for which TCs apply,
including applicable former customers and NESG, under the following conditions:
2.
REPSshall provide the Servicer with full and timely information necessary to provide proper
reporting and for billing and true-up adjustments.
3.
Each REP must (1) have a long-term, unsecured credit rating of not less than “BBB-” and “Baa3”
(or the equivalent) from Standard & Poor‘s and Moody’s Investors Service, respectively, or (2)
provide (A) a deposit of two months’ maximum expected Transition Charge collections in the form
of cash, (B) an affiliate guarantee, surety bond, or letter of credit providing for payment of such
amount of Transition Charge collections in the event that the REP defaults in its payment
obligations, or (C) a combination of any of the foregoing. A REP that does not have or maintain
the requisite long-term, unsecured credit rating may select which alternate form of deposit, credit
support, or combination thereof it will utilize, in its sole discretion. The Indenture Trustee shall be
the beneficiary of any affiliate guarantee, surety bond or letter of credit. The provider of any
affiliate guarantee, surety bond, or letter of credit must have and maintain a long-term, unsecured
credit ratings of not less than “BBB-” and “Baa3” (or the equivalent) from Standard & Poor’s and
Moody’s InvestorsService, respectively.
4.
If the long-term, unsecured credit rating from either Standard & Poor‘s or Moody’s Investors
Service of a REP that did not previously provide the alternate form of deposit, credit support, or
combination thereof or of any provider of an affiliate guarantee, surety bond, or letter of credit is
suspended, withdrawn, or downgradedbelow “BBB-” or “Baa3” (or the equivalent), the REP must
provide the alternate form of deposit, credit support, or combination thereof, or new forms thereof,
in each case from providers with the requisite ratings, within 10 business days following such
suspension, withdrawal, or downgrade. A REP failing to make such provision must comply with
the provisions set forth in Paragraph 3 of the next section, Billings by the Servicer to the REP or
its Replacement (when applicable).
5. The computation of the size of a requireddeposit shall be agreed upon by the Servicer and the
REP, and reviewed no more frequently than quarterly to ensure that the deposit accurately
reflects two months’ maximum collections. Within 10 business days following such review, (1) the
REP shall remit to the Indenture Trustee the amount of any shortfall in such required deposit or
(2) the Servicer shall instruct the Indenture Trustee to remit to the REP any amount in excess of
such required deposit. A REP failing to so remit any such shortfall must comply with the
provisions set forth in Paragraph 3 of the next section, Billings by the Servicer to the REP or its
Replacement (when applicable). REP cash deposits shall be held by the Indenture Trustee,
maintained in a segregated account, and invested in short-term high quality investments, as
75.5
2 0 0 5 ANNUAL TC2
65
TXU Electric Deliverv ComDanv
. -
6.1.I Delivery System Charges
Attachment 6
Page 12 of 14
Sheet: 7
Page 5 of 7
Revision: Two
permitted by the rating agencies rating the Transition Bonds. Investment earnings on REP cash
deposits shall be considered part of such cash deposits so long as they remain on deposit with
the Indenture Trustee. At the instruction of the Servicer, cash deposits will be remitted with
investment earnings to the REP at the end of the term of the Transition Bonds unless otherwise
utilized for the payment of the REP’s obligations for Transition Bond payments. Once the deposit
is no longer required, the Servicer shall promptly (but not later than 30 calendar days) instruct the
Indenture Trustee to remit the amounts in the segregated accounts to the REP.
6. In the event that a REP or the Provider of Last Resort (POLR) is billing customers for TCs, the
REP shall have the right to transfer the customer to the POLR (or to another certified REP) or to
direct the Servicer to terminate transmission and distribution service to the end-use customer for
non-payment by the end-use customer pursuant to applicable Commission rules.
D. Billinas bv the Servicer to the REP or its ReDlaCement (when aDDliCable):
1. Applicable to all consumption subject to REP billing of TCs.
2.
Payments of TCs are due 35 calendar days following each billing by the Servicer to the REP, without
regard to whether or when the REP receives payment from its retail customers. The Servicer shall accept
payment by electronic funds transfer (EFT), wire transfer (WT) and/or check. Payment will be considered
received the date the EFT or WT is received by the Servicer, or the date the check clears. A 5% penalty is
to be charged on amounts received after 35 calendar days; however, a 10-calendar-daygrace period will
be allowed before the REP is considered to be in default. A REP in default must comply with the
provisions set forth in Paragraph 3 below. The 5% penalty will be a one-time assessment measured
against the current amount overdue from the REP to the Servicer. The current amount consists of the total
unpaid Transition Charges existing on the 36‘h calendar day after billing by the Servicer. Any and all such
penalty payments will be made to the indenture trustee to be applied against Transition Charge
obligations. A REP shall not be obligated to pay the overdue Transition Charges of another REP. If a REP
-grees to assume the responsibilityfor the payment of overdue Transition Charges as a condition of
receiving the customers of another REP who has decided to terminate service to those customers for any
reason, the new REP shall not be assessed the 5% penalty upon such Transition Charges; however, the
prior REP shall not be relieved of the previously assessed penalties.
3. After the 10 calendar-day grace period (the 451h calendar day after the billing date) referred to in
Paragraph 2 above, the Servicer shall have the option to seek recourse against any cash deposit, affiliate
guarantee, surety bond, letter of credit, or combination thereof made by the REP, and avail itself of such
legal remedies as may be appropriate to collect any remaining unpaid Transition Charges and associated
penalties due the Servicer after the application of the REP’s deposit or alternate form of credit support. In
addition, a REP that is in default with respect to the requirements set forth in Paragraphs 4 and 5 of the
previous section, Billinas bv the REP or its ReDlacement to End-Use Customers, and Paragraph 2 of this
section shall select and implement one of the following options:
Allow the Provider of Last Resort (POLR) or a qualified REP of the customer’s choosing to
immediately assume the responsibilityfor the billing and collection of Transition Charges.
Immediately implement other mutually suitable and agreeable arrangements with the Servicer. It
is expressly understood that the Servicer’s ability to agree to any other arrangements will be
limited by the terms of the servicing agreement and requirements of each of the rating agencies
that have rated the Transition Bonds necessary to avoid a suspension, withdrawal, or downgrade
of the ratings on the Transition Bonds.
Arrange that all amounts owed by retail customers for services rendered be timely billed and
Immediately paid directly into a lock-box controlled by the Servicer with such amounts to be
applied first to pay Transition Charges before the remaining amounts are released to the REP.
All costs associated with this mechanism will be borne solely by the REP.
If a REP that is in default fails to immediately select and implement one of the foregoing options in (a), (b),
or (c) or, after so selecting one of the foregoing options, fails to adequately meet its responsibilities
thereunder, then the Servicer shall immediately implement option (a). Upon re-establishmentof the
requirements set forth in Paragraphs 4 and 5 of the previous section, Billinas bv the REP or its
Redacement to End-Use Customers, and Paragraph 2 of this section and the payment of all past-due
amounts and associated penalties, the REP will no longer be required to comply with this subsection.
4.
The initial POLR appointed by the Commission, or any Commission appointed successor to the POLR, will be
requiredto meet the minimum credit rating and/or depositkredit support requirementsdescribed in Paragraph
3 of the preceding section, Billings by the REP or its Replacementto End-Use Customers, in addition to any
other standards that may be adopted by the Commission. If the POLR defaults or is not eligible to provide
such services, responsibility for billing and collection of transition charges will immediately be transferredto
and assumed by the Servicer until a new POLR can be named by the Commission or the customer requests
the services of a certified REP. Retail customers may never be re-billed by the successor REP, the POLR, or
2 0 0 5 ANNUAL TC2
66
Attachment 6
Page 13 of 14
Sheet: 7
Page 6 of 7
Revision: Two
Servicer for any amount of Transition Charges they have paid their REP (although future TCs shall reflect REP
and other system-wide charge-offs). Additionally, if the amount of the penalty detailed in Paragraph 2 of this
section is the sole remaining past-due amount after the 45th day, the REP shall not be required to comply with
(a), (b), or (c) above, unless the penalty is not paid within an additional 30 calendar days.
5.
In the event the Servicer is billing customers for Transition Charges, the Servicer shall have the right to
terminate transmissionand distributionservice for non-payment by end-use customers pursuant to the
Commission's rules.
6.
Notwithstanding Paragraph 2 of this section, the REPs will be allowed to hold back an allowance for
charge-offs in their payments to the Servicer. Such charge-off rate will be recalculatedeach year in
connection with the annual true-up procedure. In the initial year, the REPs will be allowed to remit
payments based on the same system-wide charge off percentage then being used by the Servicer to remit
payments to the indenture trustee for the holders of Transition Bonds. On an annual basis in connection
with the true-up adjustment process, the REP and the Servicer will be responsible for reconcilingthe
amounts held back with amounts actually written off as uncollectible in accordance with the terms agreed
to by the REP and the Servicer, provided that:
(a) The REPs right to reconciliationfor write-offswill be limited to customers whose service has been
permanently terminated and whose entire accounts (i.e., all amounts due the REP for its own account
as well as the portion representing Transition Charges) have been written off.
(b) The REPs recourse will be limited to a credit against future TC payments unless the REP and the
Servicer agree to alternative arrangements, but in no event will the REP have recourse to the SPE or
its funds for such payments.
(c) The REP shall provide information on a timely basis to the Servicer so that the Servicer can include
the REPs default experience and any subsequent credits into its calculation of the Adjusted Transition
Charge Rates for the next TC billing Period and the REPs rights to credits will not take effect until
after such Adjusted Transition Charge Rates have been implemented.
7. In the event that a REP dispr%s any amount of billed Transition Charges, the REP shall pay the disputed
amount under protest accorchg to the timelines detailed in Paragraph 2 of this section. The REP and
Servicer shall first attempt to informally resolve the dispute, but if failing to do so within 30 calendar days,
either party may file a complaint with the Commission. If the REP is successful in the dispute process
(informal or formal), the REP shall be entitled to interest on the disputed amount paid to the Servicer at the
Commission-approved interest rate. Disputes about the date of receipt of Transition Charge payments
(and penalties arising thereof) or the size of a required REP deposit will be handled in a like manner. Any
interest paid by the Servicer on disputed amounts shall not be recovered through Transition Charges if it is
determined that the Servicer's claim to the funds is clearly unfounded. No interest shall be paid by the
Servicer if it is determined that the Servicer has received inaccurate metering data from another entity
providing competitive metering services pursuant to PURA 8 39.107.
8.
If the Servicer is providingthe metering, the metering data will be providedto the REP at the same time as
the billing. If the Servicer is not providingthe metering, the entity providing metering service(s) will be
responsible for complying with Commission rules and ensuring that the Servicer and the REP receive
timely and accurate metering data in order for the Servicer to meet its obligations under the Servicing
Agreement and the FinancingOrder with respect to billing and true-ups.
NOTICE
This rate is subject to the orders of regulatory bodies having jurisdiction and to the provisionsof Company's Tariff for
Electric Service.
7E;7
2 0 0 5 ANNUAL TC2
67
Attachment 6
Page 14 of 14
.
.
Sheet: 7
Page 7 of 7
Revision:Two
Transition Charae Factor 2 nCF21
Effective Da&
General Service
General Service
Hiah Voltaae
I iahtinq
Secondarv
Primarv
Servlce
Service
0.000958
$/kW h
0.000826 $kWh
or 0.366 $/kW
0.146 $kW
0.001360
$kWh
0.163 $kW
0.161 $kW
November 30,
2004
0.001164
$kW h
0.000577$kWh
0.000799 $kWh
or 0.355 $kW
0.149 $kW
0.001343
$kW h
0.146 $kW
0.316 $IkW
June 30,2004
0.000966
$kW h
0.000970 $kWh
or 0.282 $/kW
0.000654 $/kWh
0.205 $kW
0.001277
$kWh
0.113 $kW
0.195$IkW
May 31,2005
or 0.163 $IkW
0.000378 $kWh
or 0.289 $IkW
or 0.296 $kW
Jnstantaneou?
InterrUDtible
Noticed
InterruDtible
Residential
Service
75 R
2 0 0 5 ANNUAL TC2
68
Attachment 7
COMPLIANCE TARIFF FILING NO.
ANNUAL TRUE-UP COMPLIANCE
FILING
OF
TXU
ELECTRIC
DELIVERY COMPANY CONCERNING
TC2 CHARGES
BEFORE THE
PUBLIC UTILITY COMMISSION
OF TEXAS
AFFIDAVIT OF J. MICHAEL SHERBURNE
STATE OF TEXAS
COUNTY OF TRAVIS
§
§
0
BEFORE ME, the undersigned authority, on this day personally appeared J. Michael
Sherburne, who, having been placed under oath by me, did depose as follows:
1.
My name is J. Michael Sherburne. I am over the age of 21, a resident of Texas,
and of sound mind and competent to testify to the matters stated herein. I am Electric Rates
Manager for TXU Electric Delivery Company.
2.
I have reviewed the Annual True-Up Compliance Filing Of ?XU' Electric
Delivery Company Concerning TC2 Charges, and the statements and information contained
therein are true and accurate to the best of my knowledge and belief, and I hereby adopt them as
my own.
The foregoing statements are true and correct. This concludes my affidavit.
I/
J. Michael Sherburne
SUBSCRIBED AND SWORN TO BEFORE ME by the said J. Michael Sherburne this
12'h day of May, 2004.
h
2005 ANNClAL TC2
r
r
69
Control Number: 31095
Item Number: 8
Addendum StartPage: 0
Julie Parsley
Commissioner
Paul Hudson
Chairman
Barry T. Smitherman
Commissioner
W. Lane Lanford
Executive Director
Public Utility Commission of Texas
I-
’
TO:
’,
Howard V. Fisher
500 N. Akard Street, Suite 10-106
Dallas, Texas 75201
Commission Staff - Electric Division
Commission Staff - Legal and Enforcement D- ision
FROM: Irene Montelongo
~Administrative Law Judge
PolicyDevelopment Division
RE:
Tariff Control No, 31095 - Annual True-Up Compliance Filing of TXU Electric
Delivery Company Concerning Rider TC2 Charges
NOTICE OF APPROVAL
Background. On May 13, 2005, TXU Electric Delivery Company (TXU) filed its
Annual True-Up Compliance Filing in accordance with the Financing Order adopted on August
5, 2002, in Joint Application for Approval of Stipulation Regarding TXU Electric Company
Transition to CompetitionIssues, Docket No. 25230.
On June 16, 2005, Commission Staff (Staff) filed its recommendation that the proposed
Tariff Rate Schedule 6.1.1.7.1
-
Rider TC2
-
Transition Charge be approved. Staff further
recommended that TXU be required to file a “clean” Record Copy of the Tariff Rate Schedule.
On June 22, 2005, the Office of Public Utility Counsel filed a statement to inform the
Commission that it does not oppose the Commission’s approval of TXU’s compliance filing.
&) Pnnted on recycled paper
An Equal OpportunityEmployer
1701 N. Congress Avenue PO Box 13326 Austin, TX 78711 512/936-7000 Fax: 512/936-7003 web site: www.puc.state.tx.us
8
TARIFF CONTROL NO. 31095
Approval.
6.1.1.7.1
-
NOTICE OF APPROVAL
Page 2
Consistent with Staffs recommendation, TXU’s Tariff Rate Schedule
Rider TC2 - Transition Charge, Sheet 7, Pages 1 through 7, Revision: Two is
approved with an effective date of May 13,2005. TXU is directed to file a “clean” Record Copy
of the Tariff Rate Schedule in the Commission’s Central Records Division.
SIGNED AT AUSTIN, TEXAS on this the
day of June 2005.
PUBLIC UTILITY COMMISSION OF TEXAS
o
*
r.
MICkAEL E. FIELD
DIRECTOR, DOCKET MANAGEMENT
POLICY DEVELOPMENT DIVISION
Q:\PD\Docket ManagementELECTRICELECTARIFFVlxxxU 1095 app.doc

txu electric delivery company

Transcription

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