AEP Texas Files Higher Amounts For Merger Credits Provided To Retail Electric Providers

AEP Texas has filed updated amounts for Rider Merger Savings Credit, which is to provide a one-month credit to retail electric providers, to be effective with the first billing cycle in September 2019.

The AEP Texas merger savings credit is intended to refund savings for its central division and north division related to lower debt issuance savings achieved from the AEP Texas merger approved in Docket No. 46050 – Application of AEP Texas Central Company, AEP Texas North Company, and AEP Utilities, Inc. for Approval of Merger. The September 2019 credits reflect a cumulative credit of approximately $2.4 million

Under AEP Texas' filing, the following credit amounts, which are higher than the amounts provided in September 2018, would be provided in September 2019:

 AEP Texas — Central Division Merger Savings Credit Credit Factors Effective Billing Month Of September 2019 Rate Schedule (Credit) Residential ($0.000929)/kWh Secondary <= 10 kW ($0.001281)/kWh Secondary > 10 kW IDR ($0.196114)/kW Non IDR ($0.227232)/kW Primary Service IDR ($0.201489)/kW Non IDR ($0.224391)/kW Transmission Service ($0.044242)/kW Lighting Service ($0.003005)/kWh AEP Texas — North Division Merger Savings Credit Credit Factors Effective Billing Month Of September 2019 Rate Schedule (Credit) Residential ($0.001388)/kWh Secondary <= 10 kW ($0.002801)/kWh Secondary > 10 kW IDR ($0.240991)/kW Non IDR ($0.229412)/kW Primary Service IDR ($0.157232)/kW Non IDR ($0.198764)/kW Transmission Service ($0.043770)/kW Lighting Service ($0.005246)/kWh 

 

For comparison, the September 2018 credits had been:

 AEP Texas — Central Division Merger Savings Credit Credit Factors Effective Billing Month Of September 2018 Rate Schedule (Credit) Residential ($0.000390)/kWh Secondary <= 10 kW ($0.000519)/kWh Secondary > 10 kW IDR ($0.080403)/kW Non IDR ($0.096530)/kW Primary Service IDR ($0.089649)/kW Non IDR ($0.095814)/kW Transmission Service ($0.017126)/kW Lighting Service ($0.001296)/kWh AEP Texas — North Division Merger Savings Credit Credit Factors Effective Billing Month Of September 2018 Rate Schedule (Credit) Residential ($0.000534)/kWh Secondary <= 10 kW ($0.001100)/kWh Secondary > 10 kW IDR ($0.095150)/kW Non IDR ($0.096048)/kW Primary Service IDR ($0.074384)/kW Non IDR ($0.122846)/kW Transmission Service ($0.016298)/kW Lighting Service ($0.001983)/kWh