May 20, 2016
PUC Introduces Purchase of Receivables "Clawback" At Pennsylvania Utilities; Expands Hourly Priced Default Service
The Pennsylvania PUC adopted without modification at settlement in the FirstEnergy Pennsylvania utilities' default service proceedings for the period June 1, 2017 to May 31, 2021 which, among other things, introduces, on a pilot basis, a clawback mechanism to the purchase of receivables program, and…