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Richardson staff recommends suspending Encore rate changes while steering committee reviews request
Summary
City staff briefed the Richardson City Council on EncoreEnergy's systemwide rate filing seeking roughly $834 million (about a 13% revenue increase). Staff recommended adopting a 90-day suspension of the proposed effective date to allow the cityand a 170-city steering committee to review and negotiate the request.
Richardson staff told the City Council that Encore filed a systemwide rate request in June seeking roughly $834,000,000 in increased revenue—about a 13% rise citywide—and that the filing would, if approved as filed, raise the average residential bill by about $8 per month and increase the city's street-lighting charge by an estimated $250,000 annually.
The briefing, led by Todd Gasfoeff, identified a 35-day window for local action after Encore's June filing and explained…
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