HomeOctober 24, 2018
Utility Files New Purchase Of Receivables (POR) Discount Rates, Start Date For New POR Program
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Washington Gas Light has filed with the District of Columbia PSC new discount rates for its new Purchase of Receivables (POR) program, as the result of a recent PSC decision on the composition of the discount rates
As only reported by EnergyChoiceMatters.com, the PSC recently rejected a proposal from WGL and retail suppliers to include recovery of incremental IT implementation costs for POR for the August 2018 to January 2019 period (about $300,000) in base rates
WGL filed with the PSC a new POR discount rate calculation indicating a residential discount rate of 3.836%, and a non-residential discount rate of 1.392%
WGL also said in its filing that it has set a POR launch date of January 2, 2019, contingent on final approval from the PSC
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