As Texans crank up the air conditioning this summer, the Murphy City Council has delayed a rate increase sought by Oncor Electric Delivery until the end of October.
Oncor filed to increase system-wide transmission and distribution rates by about $834 million or approximately 13% over present revenues.
The company asked the city to approve a 12.3% increase in residential rates and a 51.0% increase in street lighting rates. If approved, residential bills would increase about $7.90 per month.
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