Archive

Daily Email

Events

 

 

 

About/Contact

Search

Update: Proposed Opt-Out Notice For Texas REPs To Send To Customers Under Uplift Securitization Financing Filed By Settling Parties

September 27, 2021

Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

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

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
NEW! -- Senior Sales Executive -- Retail Supplier
NEW! -- Power Analyst
NEW! -- Financial Analyst
NEW! -- Environmental Commodity Analyst
NEW! -- Gas Analyst
Energy Pricing Analyst -- Retail Supplier
Senior Account Operations Analyst -- Retail Supplier
Energy Procurement Manager

Email This Story

HOME

Copyright 2010-21 Energy Choice Matters.  If you wish to share this story, please email or post the website link; unauthorized copying, retransmission, or republication prohibited.

 

Archive

Daily Email

Events

 

 

 

About/Contact

Search