National Grid To Increase POR Discount Rates

National Grid in Massachusetts has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2016.

The rates remain subject to DPU approval.

The proposed May 1, 2016 National Grid Massachusetts POR discounts are:

              Residential  Commercial  Industrial
Uncollectible    2.26%        0.81%       0.10%
Admin Cost       0.01%        0.01%       0.01%
Reconciliation   0.34%        0.06%      -0.09%
Total            2.61%        0.88%       0.02%

For comparison, National Grid's current POR discounts are:

              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%