A $25.00 fee is required per meter upon connection.

Deposits

A security deposit may be required of the Applicant in order for credit requirements to be satisfied.  Interest on member-owner deposits will be paid at the average rate paid over the previous 12-month period on United States Treasury Bills with a 26-week maturity. This interest will be credited to Member’s account annually in the month of January.

Residential Security Deposit Requirements

Residential Deposits are based on the 12-month average at the location, and deposit is calculated at 90% of 2 months of this average, or $250, whichever is greater. Residential deposits will be returned after 12 months of satisfactory payment history is established with the Cooperative, which includes:

1.No service disconnection due to delinquent payments.

2.Not more than two late payments and,

3.Not being delinquent with current payment.

General Service Security Deposit Requirements

General Service deposits will be held for an initial period of 24 months and

comply with the preceding requirements. The deposit is based on the 12-month average at the location, and calculated as 2 months of this average, or $250, whichever is greater.

What is PCRF?

Since PenTex Energy is a distribution cooperative, our wholesale power is purchased through the ERCOT market. When prices rise on fuels, it costs more to produce electricity, and this is passed through to PenTex Energy and its members by an increase in the PCRF. When the price of fuels used to produce electricity goes up, the PCRF charge goes up. The cheaper the cost of fuels to generate electricity, members will see a credit on their electric bills. In recent history the PCRF has been a credit (deduction) on the member’s electric bill(s).

What is SCRF?

Securitization cost recovery factor (SCRF) is a per kilowatt-hour charge that appears on your electric bill to pay the government secured bonds that PenTex Energy obtained to cover the extraordinary costs of the winter storm Uri in February 2021. The rate will be applied to monthly electricity consumption over the 27 year term of the bonds, beginning in 2023. The more kilowatt hours sold by Pen Tex Energy, the lower the rate will be. This rate is adjusted semiannually.