LEGAL NOTICE
Notice is hereby given that on May 10, 2022, Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South (“CEI South”) filed a petition under Cause Number 45722 with the Indiana Utility Regulatory Commission (“IURC”) under Ind. Code ch. 8-1-40.5 for a securitization financing order and the authority for a financing subsidiary to issue securitization bonds for the recovery of qualified costs related to its retirement of the A.B. Brown Units 1 & 2 coal-fired electric generation plants (“Brown Units 1 & 2”). Specifically, CEI South is requesting approval to (1) issue securitization bonds, (2) collect securitization charges, and (3) encumber securitization property with a lien and security interest. The estimated total amount of the securitization bonds requested is $350,125,000. The estimated securitization charges are $359,397,933, which will be collected from all customers over a period of 15 years through a non-bypassable Securitization Coal Plant (SCP) charge.
CEI South is also requesting approval to remove the Brown Units 1 & 2 costs from customer rates, which will be returned to customers through a temporary Securitization Rate Reduction (SRR) credit, that will remain in effect until CEI South files its next base rates case. In addition, the removal of Brown Units 1 & 2 from CEI South’s rate base results in an accumulated deferred income tax (“ADIT”) benefit, which will be returned to customers though a Securitization ADIT Credit (SAC). The estimated net monthly impact on customer rates by customer class of the SCP charge, SRR credit, and SAC are listed in the table below.
Net Monthly
Securitization average
SRR SCP Charge/ kWh Monthly Net
Tariff Class credit Charge SAC (Credit) usage Impact
RS ($0.0143) $0.0095 ($0.0012) ($0.0060) 863 ($5)
B ($0.0084) $0.0057 ($0.0007) ($0.0034) 170 ($1)
SGS ($0.0135) $0.0087 ($0.0012) ($0.0060) 533 ($3)
DGS ($0.0126) $0.0086 ($0.0011) ($0.0051) 10,683 ($55)
OSS ($0.0119) $0.0081 ($0.0010) ($0.0048) 9,902 ($48)
LP/Other Large/BAMP/HLF ($0.0065) $0.0044 ($0.0006) ($0.0026) 1,440,152 ($3,791)
Lighting ($0.0062) $0.0071 ($0.0009) $0.0000 $0
Interested persons may send comments to the Indiana Office of Utility Consumer Counselor (“OUCC”) at the contact information listed below:
Indiana Office of Utility Consumer Counselor
OUCC Consumer Services
PNC Center
115 W. Washington St., Suite 1500 South
Indianapolis, Indiana 46204
1-888-441-2494
Richard Leger
Senior Vice President, Indiana Electric
SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
D/B/A CENTERPOINT ENERGY INDIANA SOUTH
nb 5/21
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