Your Oncor Bill Will Be Going Up
The city council delayed the inevitable while it the 147-cities-strong Oncor Cities Steering Committee negotiated a more "reasonable" rate hike with the power provider. On Wednesday, the council gets the news: Residents won't see that 16.5-percent spike after all. Instead, Oncor's going to raise rates by 6.2 percent -- which should run most residents somewhere around $1.50 more per month, on average. Also part of the settlement: Oncor will only trim trees "reactively" as opposed to cyclically. And there's a rate-hike freeze -- two whole years. Unless there's a strong sustained wind, in which case all bets are off.