Residential POR Discount Rate To Spike To Nearly 8%, More Than Double Current Rate

Fitchburg Gas and Electric d/b/a Unitil has filed with the Massachusetts DPU revised Standard Complete Billing Percentages (purchase of receivables [POR] discount rates), to be effective December 1, 2020

The new residential POR discount rate of 7.90% is more than double the current rate of 3.38%

The new Small/Regular General Service POR discount rate is 0.90%, versus the current discount of 0.71%

Fitchburg Gas and Electric's updated Standard Complete Billing Percentages to be effective December 1, 2020 are as follows:

Unitil New SCBPs, 12/1/20

Residential
Uncollectible       5.10%
Reconciliation      2.80%
Total               7.90%



Small/Regular General Service
Uncollectible       0.26%
Reconciliation      0.64%
Total               0.90%

It is notable that the uncollectibles only reflect write-offs through December 2019.

The new rates remain subject to DPU approval

For comparison, Fitchburg Gas and Electric's current Standard Complete Billing Percentages are as follows:

Unitil Current SCBPs

Residential
Uncollectible       3.41%
Reconciliation     -0.03%
Total               3.38%



Small/Regular General Service
Uncollectible       0.19%
Reconciliation      0.52%
Total               0.71%