SENATE
                         NOTICE OF PUBLIC HEARING


COMMITTEE: Electric Utility Restructuring (Interim)

TIME & DATE:  9:30AM, Thursday, May 28, 1998

PLACE: Victoria, Texas

CHAIR: Senator David Sibley

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Victoria College
Johnson Symposium Center
2200 East Red River
Victoria, Texas

The committee will meet to discuss and take testimony on the following:

Methods for quantification of a utility's investments that would be
uneconomic in a fully competitive market (stranded costs) and
appropriate methods for recovery of costs (including rate freezes,
adjustments to depreciation, transition charges, securitization).

Balancing rate reductions with recovery of stranded costs during the
transition to a competitive market.


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