PSC Approves New Purchase Of Receivables (POR) Discount Rates

July 20, 2021

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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The District of Columbia PSC has approved new purchase of receivables discount rates at Pepco, to be effective July 1, 2021

The POR discount for all classes is 0% under the update, which reflects no change from the prior discount

Pepco had originally proposed that the residential POR discount be updated to 1.2%; however, Pepco later updated the calculation. Pepco had stated that, "After further investigation, two adjustments previously recorded in July and September 2020 Write-Offs and allocated across all customer types were reclassed to Late Fee Revenues reversals for Large Commercial customers. This revision impacted write-off and late payment factors for all rate classes."

Specifically, the new POR discounts for Pepco (D.C.) are as follows, by SOS or market-priced service rate schedule:

Rate Class                  Prior     July 1, 2021

Residential
R, MMA, Rider RAD           0.0000%   0.0000%

Small Commercial 
GS-LV ND, T, SL,
   TS, TN (SOS)             0.0000%   0.0000%

Large Commercial
GS-LV, GS 3A, GT LV, MGT LV,
   GT 3A, GT 3B, RT (SOS)   0.0000%   0.0000%

Market Priced
GSLV-ND, GS-LV, GS 3A, 
   GT LV, MGT LV, GT 3A, T, 
   SL, TS                   0.0000%   0.0000%

For all classes, the 0% discounts reflect the "zeroing-out" of negative discount rates that otherwise result from the discount rate calculation

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