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Sharyland Utilities seeks new delivery rates in Texas

SharylandUtilities LP has filed a rate request with the Public UtilityCommission of Texas to set delivery rates for its service territories.

The InfraREITInc. tenant is seeking an allowed return on equity of 10% and areduction in cost of debt to 4.97% from 6.73%, according to an April 29statement. The company also asked to maintain the current capital structure of55% for debt and 45% for equity. The filing highlighted significant capitalinvestments since the company's last rate case filing in 2013.

The rate case will combine Sharyland's two existing tariffsinto one tariff, setting uniform system-wide rates for all territories.

The request proposed an annual $3.0 million in rate creditsfor all residential customers, which will help hold regulated delivery ratesessentially flat for the average residential customer in the company's Stanton,Brady and Celeste service territories and result in an about $55 per monthincrease for the average residential customer in the McAllen service area.

The rate case would be the first full review of rates in theMcAllen service territory since 2000, the release noted.