Public Utility Commission Sets 2008 Interest Rates - KCBD NewsChannel 11 Lubbock

Public Utility Commission Sets 2008 Interest Rates

Texas electric and telephone customers who are over billed will be paid 5.21 percent interest in 2008 under rates established Monday by the Public Utility Commission (PUC). Customers will receive 4.69 percent interest on utility deposits.

The 5.21 percent rate for over billings is based on the 90-day prime commercial paper rate over the last 12 months.

The 4.69 percent rate for deposit refunds is based on the average yield on 26-week Treasury bills during the past 12 months.

The final order is available on the PUC Web site by going to the filings interchange under control number 33670.

Source: Public Utility Commission of Texas

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