New POR Discount Rates Approved At Three Utilities

New purchase of receivables (POR) discount rates have been approved at Potomac Edison and Delmarva Power in Maryland, and at Washington Gas Light in the District of Columbia

At Delmarva-Maryland, the current and newly approved POR discounts, effective June 1, are as follows:

Delmarva-Maryland
            Current     Approved
            Discount     6/1/20 
                        Discount
Residential  2.0821%    2.1428%
Type I       0.0000%    0.0000%
Type II      0.0000%    0.0000%
Hourly       0.0000%    0.0000%

At Potomac Edison, the current and newly approved POR discounts, effective June 1, are as follows:

Potomac Edison-Maryland
           Current Discount    6/1/20 Discount
Residential    0.2124%           0.3435%
Type I         0.0000%           0.0000%
Type II        0.0000%           0.0000%
Hourly         0.0000%           0.0000%

At Washington Gas Light in the District of Columbia PSC, the PSC approved WGL's proposed new discount rates as filed, with the filing also reflecting a modification to the POR tariff so that the Bad Debt Expense and Cash Working Capital Costs are included in the Reconciliation Factor.

WGL's approved new D.C. residential POR discount is 0.716%. This compares to the current residential POR discount of 3.836%

WGL's approved new D.C. non-residential POR discount is 0%. This compares to the current non-residential POR discount of 1.392%

The new WGL POR discounts shall become effective upon the date of publication of the Notice of Final Tariff in the D.C. Register