Update: Utility Revises Recently Proposed Update To POR Discount Rate, Increase No Longer Proposed

Pepco in the District of Columbia has filed a revision to its proposed new purchase of receivables (POR) discount rates, such that it now proposes to maintain the residential POR discount at 0%, rather than increasing it to 1.2443% as previously reported

Pepco said in the filing that, "After further investigation, two adjustments previously recorded in July and September 2020 Write-Offs and allocated across all customer types were reclassed to Late Fee Revenues reversals for Large Commercial customers. This revision impacted write-off and late payment factors for all rate classes."

Specifically, the revised proposed new POR discounts for Pepco (D.C.) are as follows, by SOS or market-priced service rate schedule:

Rate Class                  Current   July 1, 2021

Residential
R, MMA, Rider RAD           0.0000%   0.0000%

Small Commercial 
GS-LV ND, T, SL,
   TS, TN (SOS)             0.0000%   0.0000%

Large Commercial
GS-LV, GS 3A, GT LV, MGT LV,
   GT 3A, GT 3B, RT (SOS)   0.0000%   0.0000%

Market Priced
GSLV-ND, GS-LV, GS 3A, 
   GT LV, MGT LV, GT 3A, T, 
   SL, TS                   0.0000%   0.0000%

For all classes, the 0% discounts reflect the "zeroing-out" of negative discount rates that otherwise result from the discount rate calculation