The action by
In an earlier filing,
The purpose of securitization is to lower the carrying costs of the assets relative to the costs that would be incurred using conventional utility financing methods. Because of their secure, dedicated cash flow, the system restoration bonds are expected to carry a triple-A credit rating and correspondingly lower interest rates than traditional term utility debt.
If approved as requested,
The request will only impact customers in the AEP Texas Central Division service territory (formerly
The recovery of distribution-related restoration costs will not impact consumers living in the AEP Texas North Division. The North Division territory stretches from the northern
Hurricane Harvey, a Category 4 hurricane that struck large portion of the