By: Armbrister S.R. No. 18 1-1 1 1-2 SENATE RESOLUTION 1-3 WHEREAS, The Senate of the State of Texas takes pride 1-4 in recognizing Dr. Pheng Kol, who is retiring after 12 years 1-5 of outstanding service to the State of Texas; and 1-6 WHEREAS, A graduate of the Conservatoire National Des 1-7 Arts et Metiers de Paris and the Royal University of Phnom Penh, 1-8 Cambodia, Pheng Kol earned his master of arts and doctorate 1-9 degrees in economics from the University of Missouri at Columbia; 1-10 and 1-11 WHEREAS, Dr. Kol was employed by the Ministry of Finance 1-12 of the Cambodian government as district fiscal chief and 1-13 government auditor from 1962 to 1974 and by the Missouri 1-14 Public Service Commission as a research economist from 1978 1-15 to 1983; and 1-16 WHEREAS, He joined the Public Utility Commission of Texas 1-17 in December of 1983 and served as senior rate analyst, manager 1-18 of rate design, manager of economic and strategic analysis, and 1-19 assistant director of the Office of Regulatory Affairs; and 1-20 WHEREAS, An innovative and highly talented individual, 1-21 Dr. Kol developed a fully integrated computerized cost allocation 1-22 and rate design model for electric cooperatives and investor-owned 1-23 electric utilities during his tenure with the commission; and 2-1 WHEREAS, Prior to Dr. Kol's model, the Public Utility 2-2 Commission had no in-house method of tracking utility cost of 2-3 service; Dr. Kol's model is still in use today and has allowed 2-4 the commission to take an active role in utility cost oversight; 2-5 Dr. Kol also testified in several precedent-setting rate cases 2-6 to establish a benchmark for utility rate regulation; and 2-7 WHEREAS, Highly respected internationally for his expertise, 2-8 Dr. Kol served as chairman and president of the Cambodian Network 2-9 Council in Washington, D.C.; through this organization, he 2-10 established the Cambodian-American National Development Organization 2-11 to support humanitarian efforts for the restoration and 2-12 reconstruction of Cambodia; he is now returning to Cambodia 2-13 to serve as president of a new university established in 2-14 conjunction with the University of Delaware; and 2-15 WHEREAS, An exemplary and distinguished gentleman, Dr. Kol 2-16 has played a major role in the field of electric industry and 2-17 utility rate regulation in Texas, and his contributions to the 2-18 Public Utility Commission of Texas have been invaluable; now, 2-19 therefore, be it 2-20 RESOLVED, That the Senate of the State of Texas, 2-21 75th Legislature, hereby commend Dr. Pheng Kol on his 2-22 exceptional accomplishments and his years of loyal service to 2-23 the State of Texas and extend to him best wishes for the future; 2-24 and, be it further 2-25 RESOLVED, That a copy of this Resolution be prepared for 3-1 him as an expression of esteem from the Texas Senate. 3-2 ______________________________________ 3-3 President of the Senate 3-4 I hereby certify that the above 3-5 Resolution was adopted by the Senate 3-6 on January 21, 1997. 3-7 ______________________________________ 3-8 Secretary of the Senate 3-9 ______________________________________ 3-10 Member, Texas Senate