Regulator Approves Negative POR Discount; Discounts At Three Utilities

The Massachusetts DPU allowed new purchase of receivables discount rates at three utilities to take effect May 1, 2015, subject to further review and reconciliation similar to other annual reconciliation filings (e.g. basic service reconciliation factors).

The POR discounts which took effect May 1 are:

Nstar
              Residential  Commercial  Industrial
Uncollectible    1.32%        0.21%       0.14%
Admin Cost       0.12%        0.12%       0.12%
Reconciliation  -0.17%       -0.01%      -0.01%
Total            1.27%        0.32%       0.25%


National Grid
              Residential  Commercial  Industrial
Uncollectible    2.17%        0.86%       0.19%
Admin Cost       0.06%        0.06%       0.06%
Reconciliation  -0.04%       -1.19%       0.00%
Total            2.19%       -0.27%       0.25%


WMECO
              Residential  Commercial  Industrial  Other
Uncollectible    2.02%        0.14%       0.03%    0.05%
Admin Cost       0.00%        0.00%       0.00%    0.00%
Reconciliation   0.21%        0.01%       0.01%    0.02%
Total            2.23%        0.16%       0.04%    0.07%