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Utilities Slash Proposed POR Discount Rate Hikes, New Rate Now Under 1.5%
Pepco and Delmarva have filed with the Maryland PSC revised proposals to update their purchase of receivables discount rates, with a proposed new effective date of July 5, 2017
The new proposals dramatically reduce the initially requested increase in residential POR discounts at both EDCs.
At Pepco, the change versus the initial proposal results from modifying the discount to use a more current forecast of write-offs as opposed to using the annual average which included some months with higher than normal write off activity. Delmarva made this same change, but also proposes to amortize the uncollectible write-offs for a three-year period
The newly proposed discounts, compared to current rates and the earlier proposals, are below
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Discount For One Class Had Initially Been Proposed At 6%
June 28, 2017
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Reporting by Paul Ring • ring@energychoicematters.com
Pepco-MD POR Discount:
Earlier New Proposal
Current Proposal (7/5/17)
Residential 1.5449% 2.4181% 1.2709%
Type I 0.0000% 0.0000% 0.0000%
Type II 0.0000% 0.0000% 0.0000%
Hourly 0.0000% 0.0000% 0.0000%
Delmarva-MD POR Discount:
Earlier New Proposal
Current Proposal (7/5/17)
Residential 1.0902% 6.5474% 2.6341%
Type I 0.0000% 0.0000% 0.0000%
Type II 0.0000% 0.0000% 0.0000%
Hourly 0.0000% 0.0000% 0.0000%
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