Funds For Low-Income Smart Device REP Reimbursement Program Nearly Exhausted At Final Texas Utility

AEP Texas North Division reported that, as of February 14, it has received invoices from retail electric providers that exhaust 75% and 90% of the funds made available to REPs for reimbursement under a program under which REPs provide no-cost programmable communicating thermostats (PCT) and in-home displays (IHD) to eligible low-income customers.

Only $16,000 remains available for REP reimbursements at AEP Texas North as of February 14

Consistent with the program's design, AEP Texas North informed REPs that the final invoice period ends 45 days from February 14.

Participating REPs 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. Reimbursement of the designated funds to the REPs will be on a "first come, first served basis" as stated in the program design.

As of December 31, 2016, AEP Texas North had had $83,000 in remaining reimbursement funds.

All other Texas TDUs have previously exhausted funding under their programs.