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Update: Proposed Opt-Out Notice For Texas REPs To Send To Customers Under Uplift Securitization Financing Filed By Settling Parties
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Settling parties in a Texas PUC proceeding concerning an "uplift" financing program as directed by HB 4492 have filed a proposed opt-out notice and form that REPs would be required to send to transmission-voltage customers to inform such customers of their right to opt-out of the securitization program
Transmission-voltage may opt out of paying the uplift charges
by paying in full all invoices owed for usage during the period of emergency
Customers would be required to affirmatively opt-out by filing the form with the PUC, and also informing their REP of such election
REPs would be required to provide the opt-out notice to eligible customers within 15 days of a PUC final order in the proceeding
Customers would be provided 45 days to respond to the notice
The settling parties also filed an illustrative example of the previously reported mechanism (see details here) for the allocation of the $2.1 billion in securitization proceeds to LSEs, including the weighting favoring smaller, unaffiliated REPs, as part of their newly filed testimony. See the illustrative example in the testimony filed here
Docket 52322
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September 27, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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