Utility Files New POR Discount Rate

PECO filed an update to its Electric Generation Supplier Coordination Tariff to revise the Purchase of Receivables (POR) discount rate.

The filing removes the 0.1% discount that had been associated with cost recovery for Standard Offer Program web enrollment.

The following discounts still apply: (1) PECO shall discount the payment for any past due amounts related to an EGS’s participation in a retail market enhancement program approved by the Commission at Docket No. P-2012-2283641; (2) PECO shall discount the payment by an amount not to exceed 0.2% until it has recovered fifty percent of the implementation and ongoing costs of the Standard Offer Program approved by the Commission at Docket No. P-2012-2283641, deferred costs related to the Company’s retail opt-in program suspended by the Commission at Docket No. P-2012-2283641, and other costs incurred to implement retail market enhancements directed by the Commission in its Retail Market Investigation at Docket No. I-2011-2237952, or any others applicable docket, for recovery through a purchase of receivables discount that have not been otherwise recovered through fees paid by EGSs participating in the program.

PECO said that the POR discount of 0.1% associated with the recovery of implementation costs to enable Standard Offer Program (SOP) web enrollment allowed at the Pennsylvania Public Utility Commission’s Order on PECO’s Default Service Program for the period from June 1, 2021 through May 31, 2025 (DSP V) in Docket No. P-2020-3019290 and the April 1, 2022 POR discount rate filing in Docket No. R-2022-3031714 is being eliminated due to completion of recovery.

The rate change became effective February 6, 2023, PECO said