HomeOctober 5, 2012
Orange & Rockland to Increase Purchase Of Receivables Discount Rate
Copyright 2012 EnergyChoiceMatters.com.
Orange & Rockland Utilities has filed updated electric and natural gas purchase of receivables discount rates.
The electric POR Discount Percentage for the twelve month period commencing November 1, 2012 shall be 1.487%, up from 1.431%.
The natural gas POR Discount Percentage for the twelve month period commencing November 1, 2012 shall be 1.458%, up from 1.150%.
Both the electric and gas POR discount rates reflect an uncollectibles factor of 0.497% and risk factor of 0.099%, plus credit and collection costs.
For both gas and electric customers, the uncollectibles percentages used in the calculation of the Merchant Function Charges are 0.782% for residential and 0.106% for non-residential customers, effective November 1, 2012.
The Uncollectibles Percentage used in the determination of the Balancing Charge shall be set at 0.497% effective November 1, 2012.
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