PSC Approves New Purchase Of Receivables (POR) Discount Rates

The District of Columbia PSC has approved new purchase of receivables discount rates at Pepco, to be effective July 1, 2021

The POR discount for all classes is 0% under the update, which reflects no change from the prior discount

Pepco had originally proposed that the residential POR discount be updated to 1.2%; however, Pepco later updated the calculation. Pepco had stated 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 new POR discounts for Pepco (D.C.) are as follows, by SOS or market-priced service rate schedule:

Rate Class                  Prior     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