Allegheny Power Files Updated POR Discount Rates in Maryland

April 19, 2011
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Allegheny Power has filed updated Purchase of Receivables discount rates in Maryland, to be effective for 12 months, effective June 1, 2011.

The updated rates are as follows:
Residential: 0.5468%
Type I: 1.0646%
Type II: 0.2560%
Hourly: 0.0601%

These replace the previously filed updated rates filed in December, which had not yet taken effect (12/13). For all customer classes except Type II, the revised rates reflect a higher discount rate.

For comparison, the updated rates filed in December were:
Residential: 0.4920%
Type I: 0.7953%
Type II: 0.2779%
Hourly: 0.0183%

The current discount rates through May 31, 2011 are:
Residential: 1.1306%
Type I: 0.1090%
Type II: 0.0372%
Hourly: 0.0127%

The discount rates reflect a class-specific programming charge, and a class-specific uncollectibles charge. The higher non-residential discount rates (versus the current rates) largely reflect undercollection of those classes' allocated share of programming costs.

Calculations may be found in Maillog Number 130600.

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