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PSC Approves Decrease In Purchase Of Receivables (POR) Discount Rate

May 30, 2019

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Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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The Maryland PSC approved new Purchase Of Receivables (POR) discount rates at Potomac Edison, effective June 1, 2019

The residential POR discount would decrease from the current 0.4643% discount to 0.2124%

Potomac Edison's proposed POR discount rates are as follows:

           Current Discount    6/1/19 Discount
Residential    0.4643%           0.2124%
Type I         0.0000%           0.0000%
Type II        0.0000%           0.0000%
Hourly         0.0000%           0.0000%

Zero discount rates reflect the zeroing-out of negative discount rates which would otherwise result from the POR calculations, consistent with PSC precedent

In calculating the updated POR discounts, Potomac Edison stated, "The Company has not had programming costs related to the purchase of receivables since 2014. Therefore, for administrative ease, the Company proposes to reflect the small programming cost reconciliation in the uncollectibles reconciliation and to eliminate future programming cost reconciliation calculations until new programming costs are incurred related to the purchase of receivables."

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