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Aug 27, 2008 2:28 pm US/Central

Oncor Customers To Get Piece Of $72 Million Credit

TEXAS (CBS 11 News) ―

Customers who have their electricity delivered by Oncor should soon be seeing a credit on their bill.

Wednesday Oncor began distributing $72 million worth of credits to eligible customers.

The $12.58 credit is for eligible residential consumers who were taking delivery service from Oncor at the end of December 2007.

Oncor is an electricity delivery service. Individual Retail Electric Providers (REPs) bill for power and are responsible for applying the credit. The REPs in Oncor's service area have agreed to pass the credit directly to customers. The agreement states that payment or credit in full will be issued to customers within 45 days of receipt of the credit from Oncor.

Commercial and industrial customers will also receive a credit that is based on their individual usage during calendar year 2007.

The payout is part of a merger agreement Oncor made with Dallas-based Energy Future Holdings Corp.

The easiest way for customers to know if Oncor delivers their electricity is to look on their bill and information about 'reporting an outage'. If it says to call Oncor you are in their delivery area and should be receiving a credit from you REP.

(© MMVIII, CBS Broadcasting Inc. All Rights Reserved.)

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© MMVIII, CBS Stations Group of Texas L.P. All Rights Reserved.