PSC Approves 4x Increase in POR Discount

The Maryland PSC approved new purchase of receivables discount rates at Baltimore Gas & Electric (electricity), Pepco, and Delmarva.

At BGE, the new POR discounts are effective September 29, 2017. The PSC accepted BGE's latest revisions, which removed, at the PSC's direction, certain costs that had been initially proposed in the discount (see discussion here)

Baltimore Gas & Electric's new electric POR discount rates are as follows (current and initially proposed discounts provided for comparison):

            Current    Initial    Adopted
            Discount   Proposal   Effective 
                                  9/29/17
Residential  0.0359%   0.2350%    0.1366%
Type I       0.0000%   0.0000%    0.0000%
Type II      0.0000%   0.0000%    0.0000%
Hourly       0.0000%   0.0000%    0.0000%

At Pepco and Delmarva, the new POR discounts are effective September 13, 2017. As previously reported, the final rates reflect changes directed by the PSC (see story here)

Pepco's new electric POR discount rates are as follows (current and initially proposed discounts provided for comparison):

Pepco-MD POR Discount:
                       July      Adopted
             Current   Proposal  Effective
                                 9/13/17
Residential  1.5449%   1.2709%   0.6339%
Type I       0.0000%   0.0000%   0.0000%
Type II      0.0000%   0.0000%   0.0000%
Hourly       0.0000%   0.0000%   0.0000%

Delmarva's new electric POR discount rates are as follows (current and initially proposed discounts provided for comparison):

Delmarva-MD POR Discount:
                       July      Adopted
             Current   Proposal  Effective
                                 9/13/17
Residential  1.0902%   2.6341%   1.7078%
Type I       0.0000%   0.0000%   0.0000%
Type II      0.0000%   0.0000%   0.0000%
Hourly       0.0000%   0.0000%   0.0000%