on July 21filed an unopposed settlementagreement with the Public Utility Commission of Texas that willprovide an annual nonfuel base rate increase of $37 million.
Theagreement also provides for annual depreciation expense of about $8.5 million,an ROE of 9.7% for allowance for funds used during construction purposes and anadditional annual nonfuel base rate increase of $3.7 million related toFour Cornersgenerating station costs.
In August2015, El Paso Electric originally requested nonfuel base revenues ofabout
On March29, a nonunanimous stipulation and agreement and motion was filed withregulators to approve interim rates. Four parties to the rate case opposed thesettlement. Interim rates were approved by the PUCT effective April 1 subjectto refund or surcharge.