Pa PUC Approves Waiver of Load Cap at UGI for Remainder of Current Default Service Term

The Pennsylvania PUC approved on a permanent basis UGI Utilities' request to amend its default service plan to reflect to following changes (P-2010-2184287):

(a) Increase the collateral threshold from $1.5 million to $10 million for counterparties at or above certain credit rating levels

(b) Permit UGI to establish a $100,000 rounding amount for purposes of determining collateral requirements to reduce administrative burdens, and

(c) Waive the restriction that no default service supplier may supply more than one third of estimated default supply requirements for a given supply group.

The modifications will apply for any procurements conducted under the 2008 default service order, but will not impact subsequent default service plans. The unopposed changes had been previously approved on an interim basis.