HomeFebruary 12, 2014
Utility to Significantly Decrease Purchase of Receivables Discount
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United Illuminating has filed its 2014 Non-Hardship Uncollectable Factor, which serves as the discount applied to purchased receivables.
Specifically, United Illuminating's 2014 Non-Hardship Uncollectable Factor is 0.72%, which is a decrease from the current 1.17%.
UI's 2014 Non-Hardship Uncollectable Factor reflects an average of the 2013 (0.66%) and 2012 (0.78%) chargeoff percentages.
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