Utility Files To Increase POR Discount From 0% to 4%

Pepco in the District of Columbia filed an annual update to its purchase of receivables (POR) discount rates, proposed to be effective July 1, 2023

Notably, Pepco filed to increase the residential (Schedules R and MMA including Rider RAD) POR discount to 3.9807%, up from the current 0%

The new residential discount reflects net write-offs of about 2%, plus a reconciliation factor of 1.8%

Specifically, the new POR discounts filed by Pepco (D.C.) are, by SOS class:

Pepco (D.C.) - Proposed

Rate Class                  Current    July 2023

Residential
R, MMA, Rider RAD           0.0000%      3.9807%

Small Commercial 
GS-LV ND, T, SL,
   TS, TN                   0.0000%      0.7765%^
                                         0.7665%^

Large Commercial
GS-LV, GS 3A, GT LV, MGT LV,
   GT 3A, GT 3B, RT         0.0000%      0.0000%^^

^ 0.7665 as listed in filed tariff. 0.7765% as 
listed in cover letter and calculation

^^ From cover letter; Tariff reflects a negative 
discount that has not been "zero-ed out"

Note that Pepco's actual filed tariff appears to include several errors, including a 2021 effective date, as well as a negative discount (rather than 0%) for the Large Commercial class, and a disagreement in the Small Commercial discount rate versus the number listed in the cover letter and calculation