AEP Texas Files For Approval Of New Charge Applicable To Retail Electric Providers To Recover Hurricane Restoration Costs

AEP Texas Inc. has filed at the Texas PUC for approval of a financing order to securitize the distribution-related system restoration costs incurred by AEP Texas due to Hurricane Harvey and other weather-related events in AEP Texas Central Division’s service territory.

The application proposes, for AEP Central Division customers, new Rider SRC (System Restoration Charge), as well as new Rider ADFIT - ADFIT Credit, the latter of which would provide customers the accumulated deferred federal income tax (ADFIT) benefits associated with Hurricane Harvey and other system restoration costs.

The proposed amounts for the charge and credit are below:

AEP Texas Central
Rider SRC — System Restoration Charge

Residential           $0.001472 per kWh
Secondary ≤ 10 kW     $0.001842 per kWh
Secondary > 10 kW     $0.307337 per kW
Primary Service       $0.246113 per kW
Lighting              $0.008522 per kWh

* per kW amounts are per Distribution Billing kW





AEP Texas Central
Rider ADFIT — ADFIT Credit

Residential          ($0.000144) per kWh
Secondary ≤ 10 kW    ($0.000180) per kWh
Secondary > 10 kW    ($0.030098) per kW
Primary Service      ($0.024103) per kW
Lighting             ($0.000835) per kWh

* per kW amounts are per Distribution Billing kW