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Pa. Adopts Final Rules Related to Interest on Default Service Cost Reconciliations

June 12, 2015

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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The Pennsylvania PUC has adopted final rules concerning the application of interest to default electric service over-collections and under-collections.

The new rules establish a uniform rate of interest for over-collections and under-collections, compared to the disparate rates previously applied.

Interest on over-collections and under-collections shall be computed at the prime rate of interest for commercial banking, not to exceed the state's legal rate of interest, in effect on the last day of the month the over collection or under collection occurs, as reported in the Wall Street Journal

The new uniform rate of interest will apply universally to all over- and under-collections reconciled through automatic adjustment clauses related to electric default service filed with the Commission pursuant to 52 Pa. Code § 54.187(b), including:

• Price-to-Compare (PTC)

• Hourly Pricing Default Service Rider (HPDSR)

• Transmission Service Charge (TSC)

• Generation Supply Charges 1 & 2 (GSC-1 & GSC-2)

• Generation Supply Adjustment 1, 2, 3, 4 (GSA 1, 2, 3, 4)

• Generation Supply Service Rate (GSSR)

• Default Service (DS)

• Default Service Supply (DSS)

• Generation Supply Rate (GSR)

Docket No. L-2014-2421001

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