Pepco Files New POR Discount Rates

Pepco has filed with the Maryland PSC proposed new purchase of receivables (POR) discount rates, to take effect June 1, 2012.

The proposed discount rates are:

Residential, Schedules R, R-TM: 0.0000%

Type I, Schedules GS, T, SL, TN, EV and OL: 0.0321%

Type II, Schedules MGT LV II and MGT 3A II: 0.0310%

Hourly Priced, Schedules MGT LV III and MGT 3A III: 0.0629%

For comparison, the currently effective POR discount rates are:

Residential: 1.1438%

Type I: 0.4330%

Type II: 0.3093%

Hourly Priced: 0.0016%

Pepco said that, due to technical reasons, the company's billing system is unable to charge late fees related to purchased receivables. The Late Payment Revenue factor is therefore set to zero.