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AEP Texas North Reports That, After Final Invoice Period, Fund To Reimburse REPs For Low-Income Smart Energy Devices Has Remaining Positive Balance
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AEP Texas North Division reported that its fund for the program under which Texas retail electric providers were reimbursed for providing no-cost programmable communicating thermostats (PCT) and in-home displays (IHD) to eligible low-income customers still has a positive balance as of April 30, 2018
Previously, AEP Texas North had informed REPs of the final invoice period for reimbursements under the fund
Specifically, as of February 14, 2017, AEP Texas North had received invoices from retail electric providers that exhausted 75% and 90% of the funds made available to REPs for reimbursement under the program
Only $16,000 remained available for REP reimbursements at AEP Texas North as of February 14, 2017
Consistent with the program's design, AEP Texas North informed REPs on February 14, 2017 that the final invoice period would end 45 days from February 14, 2017
Participating REPs were directed at that time to submit any outstanding invoices for reimbursement under the plan by the 15th day of the month following the month in which the final invoice period ended. Reimbursement of the designated funds to the REPs were on a "first come, first served basis" as stated in the program design.
However, AEP Texas North on May 24, 2018 reported that its reimbursement fund still has a positive balance of $12,988.19, which is the balance that has existed since April 30, 2017.
No REPs have provided a reimbursed device under the program since the final invoice period ended.
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May 23, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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