Utility Seeks To Increase Residential POR Discount Rate

Washington Gas Light has filed with the Maryland PSC updated purchase of receivables discount rates, which would include an increase from the current residential POR discount rate of 0%.

Specifically, WGL proposes to increase the residential POR discount to 0.26%, effective for meter reading on and after August 25, 2016, from the current 0%

The increase is attributable to a higher bad debt component, net of late payment revenues, a refund of an over-collection of implementation costs, and reconciliation

WGL's non-residential discount would remain 0%.