ConEd To Significantly Decrease Purchase Of Receivables (POR) Discount Rate From Current 3.6%

Consolidated Edison Company of New York, Inc. has filed with the New York PSC an updated Statement of Purchase of Receivables (POR) Discount Percentage for electricity

ConEd's new electric POR Discount Percentage, to be effective January 1, 2021, is 0.90%.

For comparison, the current electric POR Discount Percentage is 3.62%

The January 1, 2021 electric POR Discount Percentage reflects the following components:

January 1, 2021 ConEd Electric POR Discount
  Uncollectible Bill Percentage     0.50%
  Risk Factor                       0.08%
  Credit & Collections              0.17%
  Incremental Cost                  0.15%

  Total                             0.90%

For comparison, the current electric POR Discount Percentage reflects the following components:

Current ConEd Electric POR Discount
  Uncollectible Bill Percentage     0.72%
  Risk Factor                       0.11%
  Credit & Collections              2.64%
  Incremental Cost                  0.15%

  Total                             3.62%