PSC Approves Extension In New POR Program Implementation

The District of Columbia PSC has approved the Retail Energy Supply Association's request to extend the implementation date of Washington Gas Light Company's new Purchase of Receivables program (POR) by six weeks, to August 27, 2018.

RESA had requested the extension to further discuss the discount rate with stakeholders

As previously reported, under a WGL filing, the POR discount rate for WGL D.C. customers was proposed to be as follows:

• Residential: 7.4743%

• Commercial: 1.9157%

RESA has expressed its concern that WGL’s proposed discount rates are high for both residential and non-residential customers, and if implemented, RESA has said that the discounts would have serious negative operating impacts on existing retail suppliers serving District customers.

The PSC directed the parties to inform the Commission in writing of the results of their discussions by August 1, 2018