PSC Approves New Purchase Of Receivables (POR) Discount Rates At BGE

The Maryland PSC approved updated purchase of receivables (POR) discount rates for electricity and natural gas at Baltimore Gas & Electric, effective June 1, 2019

Baltimore Gas & Electric's new electric POR discount rates, effective June 1, 2019, are as follows:

        Current Discount      6/1/19 Discount
Residential      0.0000%      0.0000%
Type I           0.0000%      0.0000%
Type II          0.0000%      0.0000%
Hourly           0.0000%      0.0000%

BGE's new natural gas POR discount rates are as follows, effective June 1, 2019:

                  Current Discount   6/1/19 Discount
Residential (Sch. D)       0.0000%    0.0000%
General Service (Sch. C)   0.0000%    0.0000%

Zero discount rates reflect the zeroing-out of negative discount rates which would otherwise result from the POR calculations, consistent with PSC precedent