CenterPoint Energy To Refund $10 Million to Retail Providers

CenterPoint Energy Houston Electric has filed at the Public Utility Commission of Texas to refund to retail electric providers $10 million from an over-recovery of transition charges under TC1.

The refund results from the final reconciliation for TC1 Transition Bond which has expired

CenterPoint Energy Houston Electric proposes to refund the over-collection via Rider TC Refund beginning March 1, 2015, with the refund anticipated to be exhausted in two months.

For residential customers, Rider TC Refund would be a credit of $0.001468 per kWh.

For MGS customers, Rider TC Refund would be a credit of:

$0.232045 Per kVa
$0.337074 Per kW
$0.000884 Per kWh

For LGS customers, Rider TC Refund would be a credit of:

$0.399426 Per kVa
$0.377610 Per kW

See CenterPoint Energy Houston Electric's filing in Docket 44041 (click here) for Rider TC Refund amounts for addition rate classes

Separately, CenterPoint Energy Houston Electric filed an annual true-up of transition charges under Schedule TC3.

See CenterPoint Energy Houston Electric's filing in Docket 44042 (click here) for amounts of TC3 charges