PUC Approves Implementation, Start Date For New Purchase Of Receivables Programs
March 1, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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The Pennsylvania PUC has approved tariff filings from UGI Utilities - Gas to expand its purchase of receivables program to its new North and Central rate districts (formerly Penn Natural Gas and Central Penn Gas, respectively)
EnergyChoiceMatters.com had exclusively first reported in September that an expansion of the POR program (currently only available at UGI South) to all of the rate districts was adopted as part of 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
Under the PUC's order, 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 received approval 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.
Under the adopted tariff, 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 will 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.