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Securitization Cost Recovery Factor (SCRF)

Sunday | January 1, 2023
All News

What is SCRF and why is it on my bill?

SCRF is Securitization Cost Recovery Factor. In February 2021, NVEC incurred significant power costs resulting from extreme weather during Winter Storm Uri. In May 2021, the Texas legislature adopted SB 1580, which enables electric cooperatives to use securitization financing to recover the extraordinary costs. This type of financing will allow NVEC to spread the costs over an extended period and keep the monthly bills lower than they would be if alternative financing were used instead. The costs incurred during Winter Storm Uri are too significant to be paid from operating funds. Financing is the only option.

A securitization charge will be added to monthly bills on a per kWh basis to repay the bonds. The securitization charges will remain in effect until the bonds are paid in full. This charge is subject to periodic adjustment to ensure we collect sufficient funds to pay the principal and interest on the bonds.

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Contact Info

Navasota Valley Electric Co-Op

Address: 2281 US-79, Franklin, TX 77856

Phone: (979) 828-3232

Our Mission

To safely provide our members with electric service at the lowest possible cost, consistent with sound business practices.

We dare you to follow us

©2023 Navasota Valley Electric Cooperative, Inc. All Rights Reserved.

  • Home
  • Our Cooperative
    • Mission Statement
    • Owned By Members
    • Cooperative Principles
    • Annual Meeting
    • Board Of Directors
    • Regular Meetings of Board of Directors
    • Member Rights
    • About Touchstone Energy Cooperatives
    • Careers
  • Get Connected
    • Existing Structure
    • Line Extension
    • Electric Line Easement
    • Installation Spec Sheets
    • Ag Exemption Requirement
  • Consumer Account
    • Pay My Bill
  • Member Services
    • Distributed Generation
    • Texas Coop Power
    • Together We Save
    • Member Satisfaction Survey
  • Reliability
    • Vegetation Maintenance
    • System Maintenance
    • Maintenance Request
  • Our Community
    • Safety
      • Storm Safety
    • Youth Tour
    • Scholarship