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HomeMy WebLinkAbout04-04-16 Application of CenterPoint Energy Houston Electric, LLC for Approval to Amend its Distribution Cost Recovery Factor and to Reconcile Docket No. 44572 RevenuesCenterPoint CenterPoint Energy P.0. 6oz 1700 Energy April 4, 2016 Houston, TX 77251-1700 Mayor and City Council Members City of La Porte La Porte, Texas Re_ Application of CenterPoint Energy Houston Electric, LLC for Approval to Amend its Distribution Cost Recovery Factor and to Reconcile Docket No_ 44572 Revenues Mayor and City Council Members_ CenterPoint Energy Houston Electric, LLC ("CenterPoint Houston" or the "Company") files this Application for Approval to Amend its Distribution Cost Recovery Factor pursuant to Section 36.210 of the Public Utility Regulatory Act ("PURA") and 16 TEX. ADMIN_ CODE ("TAC") §25.243 and asks that its regulatory authorities, which include your city and the Public Utility Commission of Texas approve CenterPoint Houston's proposed Rider DCRF_ The Company's proposed effective date for rates under Rider DCRF is September 1, 2016_ CenterPoint Houston is filing this Application simultaneously with the Commission and all municipal authorities that have retained jurisdiction over CenterPoint Houston's rates_ As explained in the accompanying DCRF filing package, this is CenterPoint Houston's second DCRF Sling_ The Company's requested DCRF takes into account changes in the Company's net distribution system invested capital firom the period January 1, 2010 through December 31, 2015_ If the DCRF requested in this Application is approved, CenterPoint Houston's distribution revenues will increase by approximately $60,596,164 on an annual basis as compared to the distribution revenues approved in its most recent rate case, Docket No_ 38339_ However, in accordance with Section 36.210 (f)(6)(13) of PLJRA, as a reduction to this amount in the first year of the new DCRF tariffs operation, CenterPoint Houston is proposing to refund approximately $1 1 million to customers to account for an over -recovery resulting from the rates approved in Docket No_ 44572.1 The resulting revenue requirement increase, inclusive of the refund, is $49,351,913 for the period September 1, 2016 to August 31, 2017_ Municipalities that have not ceded their jurisdiction to the Commission have exclusive original jurisdiction over this filing, ns it affects service within their municipal boundaries_ This jurisdiction extends for 60 days from the date of this Sling_ Pursuant to 16 TAC § 25.243(c)(1)(13), on the 6O`b day after the Sling of this Application with the city, the Application is deemed appealed to the Commission, regardless of whether the city approves or denies the application, and the appeal will be consolidated with the CenterPoint Houston's DCRF proceeding before the Cortmrnission_ ' Permitting the Commission to return to customers an amount associated with an over -recovery that results from the operation of a DCRF_ Mayor and City Council Members April 4, 2016 Page 2 If you desire any additional information concerning this filing, please contact Denise Gaw at (713) 207-5956. Very truly yours, Keith L. Wall Director of Regulatory Affairs Enclosures DELIVERED TO: of NAMW OFFIOt (Mayor, City Secret , etc.) the City of La Porte on this day of April 2016.