Texas TDU Proposes Disposition Of Unused Funds In Program That Reimbursed Retail Electric Providers For Providing Smart Devices To Low-Income Customers
December 9, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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AEP Texas North has proposed how to dispose of unused funds remaining under a closed program that reimbursed Texas retail electric providers for providing no-cost programmable communicating thermostats (PCT) and in-home displays (IHD) to eligible low-income customers.
Under the program's design, the final invoice period for REPs under the program was 45 days from the date of a notice from AEP Texas North to REPs informing REPs that AEP Texas North had reached reimbursement of 90% of its designated funds under the program
In the final invoice period, REPs were not guaranteed reimbursement if final reimbursements exceeded available funds. REPs were paid on a "first come, first served" basis
As previously reported, AEP Texas North informed REPs on February 14, 2017 that it had reached reimbursement of 90% of its designated funds under the program, and that the final invoice period would end 45 days from such date
However, not all funds were exhausted in the final invoice period.
An amount of $12,988.19 has remained unused in available program funds since the close of the final invoice period in early 2017. Based on the stated program design, even though there were unspent funds, REPs were not eligible to send new reimbursement requests, and there had been no formal proposal to extend the final invoice period for REPs in light of the fact that the program had unspent funds.
The program design had specifically provided that, "Upon reimbursement of 90% of the TDU's designated funds available under the program,
the TDU shall notify participating REPs that the final invoice period for that TDU ends
45 days from the date the notice is provided. A participating REP shall 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 ends."
Stream and TXU had been the only REPs to participate in the program after the notice of the final invoice period had been sent in February 2017. Prior to that, several additional REPs had participated during various reporting periods
In a new filing with the Texas PUC, AEP Texas North has now stated an intent to file its final AMI reconciliation in December 2020, in which AEP Texas North will seek to credit customers the remaining funds from the reimbursement program.
Under the program, a TDU reimbursed a REP for the cost of a device up to a cap of $250, with an additional 25% for administrative costs, for a total reimbursement rate cap of $300 per device. For PCTs only, an additional $125 was reimbursed to cover the cost of installation.