PUC DOCKET NO. NON-STANDARD TRUE-UP … date provide transmission and ... The business telephone number of ... For purposes of determining and billing Initial or Adjusted System

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PUC DOCKET NO. _________

NON-STANDARD TRUE-UP FILING OF ENTERGY TEXAS, INC. PURSUANT TO THE FINANCING ORDER IN DOCKET NO. 37247 CONCERNING SCHEDULE SRC

§ § § § §

PUBLIC UTILITY COMMISSION

OF TEXAS

PETITION

Entergy Texas, Inc. (“ETI” or the “Company”) is filing this Non-Standard True-Up as the

servicer of Transition Bonds issued pursuant to the Financing Order issued by the Public Utility

Commission of Texas (“PUCT” or “Commission”) in Docket No. 37247, Application of Entergy

Texas, Inc. for a Financing Order (September 11, 2009). ETI makes this filing on its own behalf

and on behalf of any successor servicers, which may include any successors and assigns that on a

future date provide transmission and distribution service directly to customers taking service at

facilities, premises or loads located within ETI’s service area.

I. Business Address and Authorized Representatives

The business address of the Company is:

Entergy Texas, Inc. 350 Pine Street Beaumont, Texas 77701.

The business mailing address of the Company is:

Entergy Texas, Inc. P.O. Box 2951 Beaumont, Texas 77704.

The business telephone number of the Company is (409) 838-6631.

1

2

The authorized representatives of the Company in this proceeding are:

Barry Howell Director, Regulatory Affairs Entergy Texas, Inc. 919 Congress Ave., Suite 840 Austin, Texas 78701 512-487-3975 (Fax) 512-487-3998

Steven H. Neinast Entergy Services, Inc. 919 Congress Ave. Suite 840 Austin, Texas 78701 512-487-3957 (Fax) 512-487-3958

Scott Olson James A. Nortey II Duggins Wren Mann & Romero, LLP 600 Congress, 19th Floor Austin, Texas 78701 (512) 744-9300 (512) 744-9399 (Fax)

Inquiries and pleadings concerning this Petition should be directed to the following

representative:

Scott Olson Duggins Wren Mann & Romero, LLP 600 Congress, 19th Floor Austin, Texas 78701 (512) 744-9300 (512) 744-9399 (Fax)

II. Jurisdiction

ETI is an electric utility, as the Public Utility Regulatory Act1 § 31.002(6) defines that

term, and ETI or any successor wires company is the servicer of the Transition Bonds issued

pursuant to the Financing Order in Docket No. 37247 (the “Financing Order”). Further, the

Commission has jurisdiction over the Company’s Non-Standard True-Up filing pursuant to

Sections 14.001, 32.001, 36.401-36.406 and 39.301-39.313 of PURA. This filing is made in

compliance with Findings of Fact 86-88 and Ordering Paragraph 14 of the Financing Order. The

Non-Standard True-Up will affect amounts billed for energy consumption and demand of retail

customers taking service from the Company and any successor wires company and to the

facilities, premises and loads of such retail customers.

III. Background

On September 11, 2009, the Commission approved the Financing Order, which

authorized the issuance of Transition Bonds and the recovery of costs associated with such

1 TEX. UTIL. CODE ANN. §§ 11.001 – 58.303 (VERNON 2007 and SUPP. 2014) (“PURA”).

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bonds. ETI issued Transition Bonds pursuant to the Financing Order on November 6, 2009 and

began billing System Restoration Costs (“SRC”) Charges on November 30, 2009.

The Financing Order provides that retail electric customers must pay the principal,

interest and related costs of the Transition Bonds through SRC Charges, pursuant to the form of

tariff approved in the Financing Order. The Financing Order establishes how the annual costs

permitted to be recovered through SRC rates are allocated among SRC rate classes. In Findings

of Fact 86-88, the Financing Order also sets out a procedure for adjusting the SRC rates to each

SRC rate class if the forecasted billing units for any one of the classes for an upcoming period

decrease by more than 10% compared to the billing units established for the annual period

ending December 31, 2008. This procedure is called the Non-Standard True-Up. The billing

units for the Period 7 billing period (November 2015 – October 2016) for the Experimental

Economic As-Available Power Service (“EAPS”) rate class are forecasted to decrease by more

than 10% compared to the billing units established for the annual period ending December 31,

2008. Therefore, ETI proposes that the SRC rates to be applied during 2015 and 2016 be

adjusted pursuant to the Non-Standard True-Up provision of the Financing Order.

IV. Required Showing

Finding of Fact No. 88 in the Financing Order requires ETI to make the Non-Standard

True-Up filing at least 90 days before the proposed true-up adjustment is to take effect. ETI

proposes that the adjustment be effective for bills rendered beginning on October 29, 2015,

which is the date upon which the bills for the first cycle for the month of November 2015 will be

rendered, so that the SRC rates applied to the various retail customer classes will reflect the

allocation contemplated by the Non-Standard True-Up provisions of the Financing Order.

The proposed SRC rates are set out in proposed revised Schedule SRC — Attachment A,

Initial or Adjusted System Restoration Costs Rates, which is attached hereto as Appendix A, and

application of those rates is also governed by Schedule SRC, System Restoration Costs, which is

unchanged. Calculation of the SRC rates is addressed in the Direct Testimony of Ms. Dedra D.

Knighten, which is attached to this Petition.

As shown in the Direct Testimony and exhibits of Ms. Knighten, the justification for

applying the Non-Standard True-Up is that the billing units for the EAPS rate class are projected

to be more than 10% below the billing units for that class for the 12 months ended

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December 31, 2008 (i.e., the non-standard true-up threshold). Pursuant to Finding of Fact 86 of

the Financing Order, such a decrease in forecasted billing units by one or more customer classes

requires application of a non-standard true-up.

Additional support for the filing is contained in the testimony and exhibits of

Ms. Knighten. For convenience, Appendix B contains the referenced Findings of Facts and

Ordering Paragraphs from the Financing Order.

V. Scope of Proceeding, Procedural Schedule

Finding of Fact No. 88 of the Financing Order states that the scope of the proceeding is

limited to determining whether the proposed adjustment complies with the Financing Order.

That finding also directs the Commission to conduct a contested case proceeding pursuant to

PURA § 39.003. Finding of Fact No. 88 further contemplates that this proceeding will be

concluded within 90 days.2 Consistent with the Financing Order and the procedural schedules

that have been adopted in ETI’s prior SRC Non-Standard True-Up proceedings, ETI proposes

the following procedural schedule:3

Deadline for intervention August 28, 2015 Deadline to request a hearing September 4, 2015 If hearing is not requested, parties to submit Stipulation/Proposed Findings of Fact and Conclusions of Law. If hearing is requested, parties to submit a proposed procedural schedule.

September 11, 2015

VI. Notice

Pursuant to Ordering Paragraph 14 and FoF 88(b), ETI is notifying the parties to Docket

No. 37247 and Staff of this filing by providing them with a copy of this filing.

VII. Protective Order

ETI requests that the Commission’s Standard Protective Order be issued in this

proceeding.

2 FoF 88 provides that “[t]he Commission will issue a final order by the proposed true-up adjustment date stated in the non-standard true-up filing,” which filing must be made at least 90 days before the date of the proposed true-up adjustment.

3 See, e.g., Docket No. 42716, Non-standard True-up Filing of Entergy Texas, Inc. Pursuant to the Financing Order in Docket No. 37247, Order No. 2 (Aug. 15, 2014).

4

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VIII. Requested Relief

With the exception of the rates, the tariff set out in Appendix A has been approved by the

Commission. ETI requests that the Commission approve the SRC rates set out in Schedule SRC

— Attachment A, Initial or Adjusted System Restoration Costs Rates. ETI anticipates that,

effective with the first billing cycle for November 2015, the tariff in this filing will supersede the

tariff approved in Docket No. 44644.4

ETI also requests that (1) a procedural schedule be established leading to Commission

approval of the requested rates within 90 days, (2) the notice proposed by the Company be

approved as to form, content and proposed distribution, (3) the requested Protective Order be

issued, (4) the tariff attached as Appendix A be approved, and (5) ETI be granted such other

relief to which the Commission deems ETI to be entitled.

4 Interim True-Up Compliance Filing for Entergy Texas, Inc. Concerning Schedule SRC, Docket No. 44644 (April 29, 2015).

5

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Dated: July 31, 2015. RESPECTFULLY SUBMITTED,

By: _____________________________

Scott Olson State Bar No. 24013266 James A. Nortey II State Bar No. 24079063 Steven H. Neinast Entergy Services, Inc. 919 Congress Avenue, Suite 840 Austin, Texas 78701 512-487-3957 (Fax) 512-487-3958 Scott Olson James A. Nortey II Duggins Wren Mann & Romero, LLP 600 Congress, 19th Floor Austin, Texas 78701 (512) 744-9300 (512) 744-9399 (Fax)

ATTORNEYS FOR ENTERGY TEXAS, INC.

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Page 38.12ATTACHMENT AEffective: October 29, 2015

ENTERGY TEXAS, INC.

SCHEDULE SRC - ATTACHMENT A

INITIAL OR ADJUSTED SYSTEM RESTORATION COSTS RATES

I. RATE CLASSES

For purposes of determining and billing Initial or Adjusted System Restoration Costs Rates, each end-use customer will be designated as a customer belonging to one of eight classes as identified and defined in § V of Rate Schedule SRC.

II. NET MONTHLY RATE

The Initial or Adjusted SRC Rates shall be determined in accordance with and are subject to the provisions set forth in Rate Schedule SRC. Not less than 15 days prior to the first billing cycle for the Company's November 2010 billing month and no less frequently than annually thereafter, the Company or successor Servicer will file a revision to Schedule SRC, Attachment A setting forth the Adjusted SRC Rates to be effective for the upcoming period. If made as a result of the standard true-up adjustment in Rate Schedule SRC, the Adjusted SRC Rates will become effective on the first billing cycle of the Company's November billing month. If an interim true-up adjustment is made pursuant to Rate Schedule SRC, the Adjusted SRC Rates will be become effective on the first billing cycle of the Company's billing month that is not less than 15 days following the making of the interim true-up adjustment filing. If a non-standard true-up filing pursuant to Rate Schedule SRC is made to revise the Initial or Adjusted SRC Rates, the filing will be made at least 90 days prior to the first billing cycle for the Company's November billing month. Amounts billed pursuant to this schedule are not subject to Rider IHE or State and local sales tax.

SRC Rate Class Initial or Adjusted SRC RatesResidential $0.00546 per kWhSmall General Service $0.00630 per kWhGeneral Service $0.00373 per kWhLarge General Service $0.00232 per kWhLarge Industrial Power Service $0.15945 per kWExperimental Economic As-Available Power Service $0.00000 per kWhStandby and Maintenance Service $0.02637 per kWStreet and Outdoor Lighting $0.02380 per kWh

The Initial or Adjusted SRC Rates are multiplied by the kWh or kW as applicable, read, estimated or determined during the billing month and will be applied to bills rendered on and after the effective date.

RRRI RRR I

APPENDIX A

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APPENDIX BPage 1 of 5

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DOCKET NO. __________


§ § § § §

BEFORE THE PUBLIC UTILITY COMMISSION

OF TEXAS

STATEMENT UNDER SECTION 4

OF STANDARD PROTECTIVE ORDER

The undersigned attorney for Entergy Texas, Inc. (“ETI”) submits this statement under

Section 4 of the Standard Protective Order adopted in this case.

As set forth in the affidavit of Dedra D. Knighten that is included as part of the filing

package in this case, certain exhibits and workpapers included in ETI’s Petition contain

information that is commercially sensitive. As Ms. Knighten explains in her affidavit, the public

disclosure of this information would cause harm to ETI. As such, these materials are protected

under TEX. GOV’T CODE §§ 552.101, 552.104, and 552.110 and TEX. UTIL. CODE § 39.001(b)(4).

I have reviewed the information sufficiently to state in good faith that the information is

exempt from public disclosure under the Public Information Act and merits the Highly Sensitive

Protected Materials (Highly Confidential) designation it is given in ETI’s filing.

_____________________________

Scott Olson Duggins Wren Mann & Romero, LLP 600 Congress, 19th Floor Austin, Texas 78701 (512) 744-9300 (512) 744-9399 (Fax)

ATTORNEY FOR ENTERGY TEXAS, INC.

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DOCKET NO. ____________


§ § § § §

BEFORE THE

PUBLIC UTILITY COMMISSION OF TEXAS

DIRECT TESTIMONY

OF

DEDRA D. KNIGHTEN

ON BEHALF OF

ENTERGY TEXAS, INC.

JULY 2015

16

DOCKET NO. _________

NON-STANDARD TRUE-UP FILING OF ENTERGY TEXAS, INC. PURSUANT TO THE FINANCING ORDER IN DOCKET NO. 37247

CONCERNING SCHEDULE SRC

DIRECT TESTIMONY OF DEDRA D. KNIGHTEN

TABLE OF CONTENTS

Page

I. INTRODUCTION ................................................................................................... 1

II. PURPOSE OF TESTIMONY................................................................................. 2

III. BACKGROUND ................................................................................................... 3

IV. NON-STANDARD TRUE-UP ............................................................................... 4

V. PROPOSED TARIFFS ......................................................................................... 7

VI. CONCLUSION ..................................................................................................... 8

EXHIBITS

Exhibit DDK-1 Calculation of the Proposed SRC Charges Exhibit DDK-2 Rate Comparison Exhibit DDK-3 Proposed SRC Rates (Schedule SRC — Attachment A)

17

Entergy Texas, Inc. Page 1 of 8 Direct Testimony of Dedra D. Knighten 2015 Schedule SRC Non-Standard True-Up Filing

I. INTRODUCTION 1

Q. PLEASE STATE YOUR NAME, POSITION AND BUSINESS ADDRESS. 2

A. My name is Dedra D. Knighten. I am a Senior Lead Regulatory Analyst in the 3

Fuel and Special Riders Department for Entergy Services, Inc. My business 4

address is 639 Loyola Avenue, New Orleans, Louisiana 70113. 5

6

Q. WHAT ARE YOUR CURRENT JOB RESPONSIBILITIES? 7

A. My current responsibilities include supporting ongoing regulatory filings and 8

other regulatory issues including storm cost securitization true-up filings for 9

the Entergy Operating Companies.1 This work includes the preparation of 10

Non-Standard True-Up calculations for ETI’s System Restoration Costs 11

Schedule (“Schedule SRC”). 12

13

Q. PLEASE DESCRIBE YOUR EDUCATIONAL AND PROFESSIONAL 14

EXPERIENCE. 15

A. I earned a Bachelor of Science in Management from Louisiana State 16

University in August 1999 with a major in management information systems. I 17

worked as a Programmer analyst for Worldspan, LP in Miramar, Florida from 18

September 1999 to July 2002. My responsibilities included requirements 19

gathering with clients, writing computer programs, and creating detailed 20

documentation. In July 2002, I resigned my position at Worldspan, LP to 21

1 The Entergy Operating Companies include Entergy Texas, Inc. (“ETI”), Entergy Louisiana, LLC.

(“ELL”); Entergy Gulf States Louisiana, L.L.C. (“EGSL”); Entergy Arkansas, Inc. (“EAI”); Entergy Mississippi, Inc. (“EMI”); and Entergy New Orleans, Inc. (“ENO”).

18


enter the full time MBA program at the Freeman School of Business of Tulane 1

University in New Orleans, Louisiana. I graduated in May 2004 and was hired 2

by Entergy Services, Inc. as a Lead Financial Analyst in the Corporate 3

Planning and Performance department. From 2004 to 2011, I continued to 4

work as a Lead Financial Analyst in various departments, including Utility 5

planning, Supply Chain, and Financial Business partners. In 2011, I was 6

promoted to the position of Senior Lead Regulatory Analyst in the Fuel and 7

Special Riders department. 8

9

II. PURPOSE OF TESTIMONY 10

Q. PLEASE EXPLAIN THE PURPOSE OF YOUR TESTIMONY IN THIS FILING. 11

A. The purpose of my testimony in this filing is to: (1) support the calculation of 12

Schedule SRC Rates by SRC Rate Class pursuant to the Non-Standard True-13

Up provisions as approved in the Financing Order in Docket No. 37247, 14

Findings of Fact (“FoF”) 86 through 88, and (2) support the Schedule SRC — 15

Attachment A accompanying this filing. 16

17

Q. WHAT RELIEF IS THE COMPANY REQUESTING IN THIS FILING? 18

A. The Company is requesting approval of its revised Schedule SRC — 19

Attachment A effective on and after the first billing cycle for November 2015, 20

which begins October 29, 2015. 21

19


III. BACKGROUND 1

Q. PLEASE PROVIDE A BRIEF DESCRIPTION OF SCHEDULE SRC. 2

A. On July 16, 2009, ETI filed its application for a financing order under 3

Subchapter I of Chapter 36 and Subchapter G of Chapter 39 of the Public 4

Utility Regulatory Act (“PURA”) to permit securitization of system restoration 5

costs and other qualified costs as described in its application. That 6

proceeding was assigned Docket No. 37247. On September 11, 2009, the 7

Commission issued a final order (“Financing Order”) that authorized the 8

issuance of Transition Bonds and the recovery of costs associated with such 9

bonds through SRC Charges. Subsequently, ETI caused the Transition 10

Bonds to be issued and began billing SRC Charges on November 30, 2009, 11

pursuant to the Financing Order in Docket No. 37247. 12

The current filing is being made to comply with the procedures in the 13

Financing Order for making a Non-Standard True-Up that require such filings 14

to be made at least 90 days in advance of the proposed effective date of the 15

revised Schedule SRC reflecting the revenues contained in the Non-Standard 16

True-Up. The current filing is being made more than 90 days prior to the first 17

billing cycle for November 2015 so that the SRC rates applied to each SRC 18

rate class will reflect the allocation contemplated by the Non-Standard True-19

Up provisions of the Financing Order. 20

20


IV. NON-STANDARD TRUE-UP 1

Q. WHAT IS THE NON-STANDARD TRUE-UP ADJUSTMENT? 2

A. FoF 86 of the Financing Order states that a Non-Standard True-Up 3

adjustment will be applied if the forecasted billing units for one or more of the 4

SRC rate classes for an upcoming SRC period decrease by more than 10% 5

compared to the billing units for the 12 months ending December 31, 2008 6

(known as the threshold billing units). FoFs 87 and 88 set forth a Non-7

Standard True-Up adjustment procedure for adjusting the SRC rates for each 8

SRC rate class and the process to be followed in making a Non-Standard 9

True-Up filing. 10

11

Q. WHY IS THE NON-STANDARD TRUE-UP ADJUSTMENT NEEDED AT THIS 12

TIME? 13

A. The billing units for the Period 7 SRC period (November 2015 through 14

October 2016) for the Experimental Economic As-Available Power Service 15

(“EAPS”) rate class are forecasted to be less than the threshold billing 16

determinants, as shown in Appendix D to the Financing Order. Therefore, in 17

accordance with FoF 86 of the Financing Order, the SRC rates proposed to 18

be effective with the November 2015 billing cycle are adjusted pursuant to the 19

Non-Standard True-Up provisions of the Financing Order. 20

21


Q. HOW IS THE NON-STANDARD TRUE-UP ADJUSTMENT CALCULATED? 1

A. As prescribed in FoF 87 and Schedule SRC, the Non-Standard True-Up is to 2

be calculated in the following manner: 3

a. allocate the upcoming period’s Periodic Billing Requirement (“PBR”) 4 based on the PBR Allocation Factors (“PBRAF”) approved in Docket 5 No. 36931; 6

b. calculate under-collections or over-collections, including without 7 limitation any caused by Retail Electric Provider defaults, if applicable, 8 from the preceding period in each class by subtracting the previous 9 period’s transition charge revenues collected from each class from the 10 PBR determined for that class for the same period; 11

c. sum the amounts allocated to each customer class in steps (a) and (b) 12 to determine an adjusted PBR for each transition charge customer 13 class; 14

d. divide the PBR for each customer class by the maximum of the 15 forecasted billing units or the threshold billing units for that class, to 16 determine the “threshold rate”; 17

e. multiply the threshold rate by the forecasted billing units for each class 18 to determine the expected collections under the threshold rate; 19

f. allocate the difference in the adjusted PBR and the expected 20 collections calculated in step (e) among the transition charge customer 21 classes by using the PBRAFs approved in Docket No. 36931; 22

g. add the amount allocated to each class in step (f) above to the 23 expected collection amount by class calculated in step (e) above to 24 determine the final PBR for each class; and 25

h. divide the final PBR for each class by the forecasted billing units to 26 determine the transition charge rate by class for the upcoming period. 27

The calculation of the proposed SRC rates, detailed in Highly Sensitive 28

Exhibit DDK-1 to this testimony complies with the provisions of the Financing 29

Order and Schedule SRC detailed above. 30

22


Q. PLEASE EXPLAIN THE CALCULATION OF THE PBR USED IN THE 1

CURRENT FILING. 2

A. The PBR for Period 7 is $55,913,431. This amount corresponds to the actual 3

interest rates and other factors known at issuance on November 6, 2009 and 4

includes class-specific over/under collections with a net over-collection of 5

$871,263. Consistent with prior treatment, the Excess Funds Subaccount 6

balance is netted against the cumulative over-collection.2 The resulting 7

balance is applied in calculating the initial PBR shown in column (1) of 8

Exhibit DDK-1 ($56,610,771).3 The cumulative over-collection is then applied 9

on a class-specific basis in column (2) of Exhibit DDK-1, resulting in the 10

Adjusted PBR shown in column (3) on Exhibit DDK-1 ($55,739,508). This 11

has the effect of lowering the initial PBR by the amount of the cumulative 12

over-collection. The Adjusted PBR is then adjusted for uncollectibles, 13

resulting in the final Period 7 PBR shown in column (5) of Exhibit DDK-1 14

($55,913,431). 15

16

Q. EXPLAIN THE PROJECTED BILLING UNITS USED IN THE CURRENT 17

FILING. 18

A. Entergy Services, Inc.’s Forecasting Section forecasts monthly kWh sales by 19

revenue class in support of ETI’s business planning process. The forecasted 20

revenue class kWh sales are allocated to the SRC rate classes based on 21

2 WP3/Exhibit DDK-1. 3 WP2/Exhibit DDK-1.

23


historic revenue class and rate class relationships. For SRC rate classes that 1

require forecasted kW rather than kWh, the historic relationship of kW 2

and kWh for those classes was utilized to calculate the required kW. 3

4

Q. HOW DO THE SRC RATES CHANGE FROM THE PREVIOUS YEAR? 5

A. SRC Rates are lower in this filing as compared to current SRC Rates except 6

for the Large General Service (“LGS”) and Street and Outdoor Lighting rate 7

classes. The increase in the LGS class is primarily driven by an under-8

collection for the prior period. The increase in the Street and Outdoor 9

Lighting class was primarily driven by an in increase in the uncollectible rate 10

for Period 7. The decrease in the EAPS class is a result of there being zero 11

forecasted sales for that class and, therefore, zero expected collections. The 12

decreases in the other classes were generally driven by an over-collection 13

and an increase in the Forecasted Billing units relative to Period 6. Please 14

see Exhibit DDK-2 for the Period 6 and Period 7 rate comparison. 15

V. PROPOSED TARIFF 16

Q. HAVE YOU PROVIDED A REVISED TARIFF REFLECTING THE 17

NON-STANDARD TRUE-UP CALCULATION OF SRC CHARGES? 18

A. Yes. Exhibit DDK-3 contains the proposed Schedule SRC – Attachment A, 19

which has been marked showing the changes from the current Schedule SRC 20

— Attachment A. 21

22

24


Q. WHAT CHANGES ARE PROPOSED FOR SCHEDULE SRC – 1

ATTACHMENT A? 2

A. The rates are changed as indicated with margin notations on Exhibit DDK-3. 3

An effective date of October 29, 2015 has been added to the header on 4

the page. 5

6

VI. CONCLUSION 7

Q. WHAT RELIEF IS THE COMPANY REQUESTING IN THIS PROCEEDING? 8

A. The Company is requesting that Schedule SRC – Attachment A contained in 9

Exhibit DDK-3 be approved effective with the first billing cycle of November 10

2015 (October 29, 2015). 11

12

Q. HAVE THE REQUESTED SRC RATES BY SRC RATE CLASS BEEN 13

CALCULATED IN A MANNER CONSISTENT WITH THE FINANCING 14

ORDER REQUIREMENTS? 15

16

A. Yes, they have. 17

18

Q. DOES THIS CONCLUDE YOUR DIRECT TESTIMONY? 19

A. Yes, it does. 20

25

Exhibit DDK-1 Page 1 of 1 through 1 of 1

Public Version

This page replaces Highly Sensitive

Exhibit DDK-1

Filed Separately Under Seal

26

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Exhibit DDK-2 Page 1 of 1

31

Page 38.12 ATTACHMENT A Effective: October 29, 2015

ENTERGY TEXAS, INC.

SCHEDULE SRC - ATTACHMENT A

INITIAL OR ADJUSTED SYSTEM RESTORATION COSTS RATES

RATE CLASSES

For purposes of determining and billing Initial or Adjusted System Restoration Costs Rates, each end-use customer will be designated as a customer belonging to one of eight classes as identified and defined in § V of Rate Schedule SRC.

NET MONTHLY RATE

The Initial or Adjusted SRC Rates shall be determined in accordance with and are subject to the provisions set forth in Rate Schedule SRC. Not less than 15 days prior to the first billing cycle for the Company's November 2010 billing month and no less frequently than annually thereafter, the Company or successor Servicer will file a revision to Schedule SRC, Attachment A setting forth the Adjusted SRC Rates to be effective for the upcoming period. If made as a result of the standard true-up adjustment in Rate Schedule SRC, the Adjusted SRC Rates will become effective on the first billing cycle of the Company's November billing month. If an interim true-up adjustment is made pursuant to Rate Schedule SRC, the Adjusted SRC Rates will be become effective on the first billing cycle of the Company's billing month that is not less than 15 days following the making of the interim true-up adjustment filing. If a non-standard true-up filing pursuant to Rate Schedule SRC is made to revise the Initial or Adjusted SRC Rates, the filing will be made at least 90 days prior to the first billing cycle for the Company's November billing month. Amounts billed pursuant to this schedule are not subject to Rider IHE or State and local sales tax.

The Initial or Adjusted SRC Rates are multiplied by the kWh or kW as applicable, read, estimated or determined during the billing month and will be applied to bills rendered on and after the effective date.

SRC Rate Class Initial or Adjusted SRC RatesResidential $0.00546 per kWh RSmall General Service $0.00630 per kWh RGeneral Service $0.00373 per kWh RLarge General Service $0.00232 per kWh ILarge Industrial Power Service $0.15945 per kW RExperimental Economic As-Available Power Service $0.00000 per kWh RStandby and Maintenance Service $0.02637 per kW RStreet and Outdoor Lighting $0.02380 per kWh I

I.

II.

Exhibit DDK-3 Page 1 of 1

32

Documents

PUC DOCKET NO. NON-STANDARD TRUE-UP … date provide transmission and ... The business telephone number of ... For purposes of determining and billing Initial or Adjusted System