TERMS AND CONDITIONS OF CENTERPOINT ENERGY’S HOME SERVICE PLUS® REPLACEMENT ASSISTANCE PLAN

Terms & Conditions

1.       The Replacement Assistance Plan applies to one single family, owner occupied residence per contract.

2.       Replacement Assistance Plan coverage begins 30 days after enrollment date.

3.       Eligibility for entering into a contract for the Replacement Assistance Plan is contingent on your also being enrolled in one of CenterPoint Energy’s other repair plans, including the HSP Basic Repair Plan and the HSP Total Repair Plan.  The terms and conditions of your HSP repair plan also apply to the Replacement Assistance Plan.  The terms and conditions for HSP’s repair plan and Replacement Assistance Plan can be obtained at www.HSPtoday.com or by calling 1-800-247-0638.

4.       The Replacement Assistance Plan applies to appliances currently covered by your existing HSP repair plan at the covered residence.  At the time you enroll in the Replacement Assistance Plan, your covered appliances must meet code requirements and be in operating condition.

5.       The Replacement Assistance Plan provides a specified payment to you if CenterPoint Energy determines, at its sole discretion, that the covered appliance is non-repairable because critical parts necessary for the operation of the appliance are no longer available to repair the covered appliance, or because the cost of the repair exceeds the value of the covered appliance.

6.       The Replacement Assistance Plan will provide you a payment as specified on the chart below for the purchase of new appliance(s) to replace the currently covered non-repairable appliance(s).  Used, reconditioned, or damaged appliances, and appliances purchased via a charitable or government-assisted program, or appliances or parts purchased or replaced via a manufacturer’s warranty, are not eligible under The Replacement Appliance Plan. You are responsible for purchasing the new replacement appliance of your choice at an appliance retailer of your choice.

7.       To initiate the payment process, you must supply the following documentation:

a.        Detailed receipts showing the name, address, and telephone number of the appliance retailer from whom replacement  appliance was purchased;

b.       Purchase date; and

c.        Make, model, and serial number of replacement appliance.

8.       Submit proof of purchase documentation to CenterPoint Energy at the following address:

HSP Replacement Assistance Plan Administration

CenterPoint Energy

P.O. Box 1165

Minneapolis, MN  55440-1165

9.       Submissions for payment must be post marked within 90 days of the date when the covered appliance was deemed non-repairable by CenterPoint Energy. Customers submitting documentation for payment post marked after the specified 90-day time period will forfeit their payment.

10.    Upon receipt of purchase documentation by CenterPoint Energy, you will be issued a check for the payment specified in the chart below, provided your account shows no past due HSP charges.  Please allow up to 8 weeks to process.  If you choose to purchase a replacement appliance from CenterPoint Energy, the specified payment shown below will be automatically deducted from the sales price.

11.    Payment will be made according to the HSP Replacement Assistance Plan chart shown below.

Appliance* Type

Payment

Furnace

$1,300

Range

$700

Water Heater

$450

Clothes Dryer

$500

Central Air Conditioner**

$1,300

Boiler

$1,700

Refrigerator 10 cu. ft. or greater

$850

Refrigerator 3-9 cu. ft.***

$200

Clothes Washer

$500

Natural Gas or Propane Grill

$200

Dishwasher

$400

Gas Fireplace

$1,300

Free Standing Freezer

$450

Free Standing Ice Maker

$850

Natural Gas Space Heating

$700

*For combination appliances (combo/stacked washer-dryer, combo furnace-water heater, “magic pack” combo furnace-air conditioner) the Replacement Assistance Plan only provides payment for the appliance that CenterPoint Energy determines is non-repairable.  For example: washer is non-repairable in a stacked washer-dryer combination so washer only is eligible for payment under the terms of the Replacement Assistance Plan, not the dryer.

**Air handler, a separate piece of equipment, is not eligible for payment under the terms of the Replacement Assistance Plan.  Further, mini-split air conditioner individual head replacement is not eligible for payment under the terms of the Replacement Assistance Plan; all heads must be replaced to receive payment under the Replacement Assistance Plan.

***Refrigerators with less than 3 cubic feet capacity are not eligible for payment under the terms of the Replacement Assistance Plan.

12.    The Replacement Assistance Plan offsets the cost to replace non-repairable appliances.  When replacing covered appliances, the difference between the Replacement Assistance Plan payment and the actual cost paid by you, is your responsibility.  Charges for removal and disposal of old appliance(s), delivery and installation of new appliance(s), and taxes do not qualify for payment under the Replacement Assistance Plan.

13.    You are purchasing a contract for the Replacement Assistance Plan for one full year. To assure continued protection, your HSP repair plan and your Replacement Assistance Plan will be automatically renewed on your Replacement Assistance Plan contract anniversary date at the regular non-promotional prices and terms then in effect, unless cancelled by you or CenterPoint Energy in writing to the other within 30 days prior to your contract anniversary date.  Further, in the case of a material change to these terms and conditions, you also may cancel this contract within 30 days of your being notified of such change by giving written notice to CenterPoint Energy.

14.    For your convenience, if you move from the covered residence during the term of your Replacement Plan contract, both your HSP repair plan contract and your Replacement Assistance Plan contract will be transferred to your new address, if it is within CenterPoint Energy’s HSP appliance repair service territory. When you transfer your account, your HSP repair plan and your Replacement Assistance Plan anniversary dates will be adjusted, with the 12-month term beginning on your transfer date.

15.    If payments are late, CenterPoint Energy may demand immediate payment of the greater of the entire amount you owe under the terms of this contract or immediate payment of the cost (labor and parts), of all service provided to you less any payments made by you to CenterPoint Energy.  Further, if your Replacement Assistance Plan account reaches 120 days past due, CenterPoint Energy will cancel your Replacement Assistance Plan, including all optional coverage.  You remain liable for the amount owed at date of cancellation as set forth above.