In a move that marks a stand against escalating utility costs, the Fort Worth City Council has unanimously voted down a proposed rate increase by Oncor Electric Delivery. The decision arrived Tuesday, effectively foiling Oncor's push to hike prices for its customers citywide. According to the City of Fort Worth, the council stipulated that Oncor should maintain current rates and called for the utility provider to cover the city's expenses stemming from the rate case.
Back in late June, Oncor took its bid for higher returns to the Public Utility Commission of Texas, eyeing an additional $834 million in annual revenue—a hefty 13% bump over present earnings. For residents, this could have meant grappling with a daunting 12.3% bump in their bills, while street lighting rates were set to see a meteoric 51% rise. As part of the Steering Committee of Cities Served by Oncor, Fort Worth has had its say in the proceedings, and striking a blow to big business, lawyers and consultants were hired to bring negotiations to the table and ensure rates were kept in check.
The Council's action isn't just a procedural step—it's a blockade. Should Fort Worth have remained silent, Oncor's new rates would have slid into effect without fanfare. Yet, in speaking out and standing firm, the Council has sent a clear message that it prioritizes the financial well-being of its constituents. Fort Worth is sending a message, loud and clear—the well-being of its residents is non-negotiable.
