Utilities Set Start Date For New POR Program
November 27, 2018 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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UGI Utilities - Gas has filed tariff revisions to expand its purchase of receivables program to its new North and Central rate districts (formerly Penn Natural Gas and Central Penn Gas, respectively)
As exclusively reported by EnergyChoiceMatters.com, expansion of the POR program currently available only at UGI Utilities - Gas (now known as UGI South rate district) is required under an order approving the consolidation of the three UGI LDCs into a single company, though the merged LDC will retain distinct rate districts and tariffs
The tariffs filed to implement such requirement provide that POR shall be available to enrollments in the North and Central divisions on and after June 1, 2019
The POR program terms, including eligible customer classes and receivables, will be identical to the existing program at UGI South. As such, the discount rate will be 2.33% for residential customers and 0.50% for eligible non-residential customers
Consistent with the merger order, UGI also filed to modify the financial surety requirements applicable to Natural Gas Suppliers on the consolidated UGI Gas distribution system to reflect 1) a minimum surety level of $50,000; or 2) if higher, the sum of the surety level requirements calculated on a customer basis in accordance with the Gas Choice Supplier Tariffs of the UGI North, UGI South and UGI Central rate districts.
In the filing, UGI proposes that the surety calculated on a customer basis for UGI North and UGI Central will be equal to $134.63/Dth times the Design Day Requirement (in Dth) for Choice Supplier's pool of Choice customers (as established at Docket No. P-00032054). The surety calculated on a customer basis for UGI South would be equal to (i) $60.00 per customer for residential customers; and (ii) $94.24/Dth times the Design Day Requirement (in Dth) for Choice Supplier's pool of non-residential customers.