April 6, 2020
National Energy Marketers Association Responds to COVID19 Pandemic; Competitive Retail Energy Industry Supports Measures to Enhance Reliability
National Energy Marketers Association Responds to COVID19 Pandemic
HomeNews By TopicPurchase of Receivables (POR)
Purchase of Receivables (POR)
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April 1, 2020
Utility's Residential POR Discount To Fall To Nearly 0%
Pepco and Delmarva Power have filed with the Maryland PSC proposed updates to their purchase of receivables discount rates.
March 25, 2020
Multiple Retail Suppliers Billed Rates In Excess Of 19¢/kWh For Months In 2019, As High As 24¢
Mean Billed Rates Exceed 13¢ For Some Suppliers
Connecticut Light & Power and United Illuminating have filed responses to an interrogatory in a Connecticut PURA proceeding concerning potential changes to the purchase of receivables mechanism, including the highest and average rates billed by retail electric suppliers
March 23, 2020
Residential Purchase Of Receivables (POR) Discount Rate To Increase 80%; Commercial POR Discount Doubles
Nstar (Eversource) has filed with the Massachusetts DPU new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2020.
March 20, 2020
Utility's Residential POR Discount To Fall From Over 3% To Less Than 1%
Utility Seeks Changes To POR Discount Calculation
Washington Gas Light has filed with the District of Columbia PSC proposed new discount rates for its purchase of receivables (POR) program
March 18, 2020
Illinois Opens Notice Of Inquiry Regarding "Energy Affordability"
Formal Disconnection Moratorium Adopted
The Illinois Commerce Commission has opened a Notice of Inquiry regarding "energy affordability"
March 16, 2020
National Grid Residential POR Discount To Increase 20%, To Above 3%
Commercial POR Discount Nearly Doubles
National Grid in Massachusetts has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2020.
March 13, 2020
Updated: Update #3: Pennsylvania Prohibits Disconnections; ComEd Suspends Shutoffs
PUCs Undertake Coronavirus Measures, Disconnection Moratoriums, New Utilities Added (Including States With Supplier Consolidated Billing)
February 21, 2020
Connecticut Utilities Wary Of Proposed Changes To Purchase Of Receivables (POR) Programs
The Connecticut electric utilities raised several concerns with adopting any proposed changes to the current purchase of receivables (POR) mechanism and methodology
February 17, 2020
New York Utility File To Decrease POR Discount Rates
Central Hudson Gas & Electric has filed new purchase of receivables (POR) discount rates with the New York PSC, to be effective April 1, 2020
February 12, 2020
PSC Approves Increase, From 0%, In Purchase Of Receivables Discount Rate For Residential Customers
Non-Residential POR Discount Decreases To 0%
The Maryland PSC has approved new purchase of receivables discount rates at Washington Gas Light to be effective with the March 2020 billing cycle
February 7, 2020
Regulator Asks For Comments On Limiting POR For Uncollectible Accounts To Shadow-Billed Default Service Amount, Rather Than Actual Supplier Charges
In its investigation of purchase of receivables (POR) for retail electric suppliers, the Connecticut Public Utilities Regulatory Authority has sought comments whether POR, for uncollectible accounts, should be limited to the equivalent shadow-billed default service receivables, or whether…
February 3, 2020
ConEd Electric POR Discount Rate Increasing, Gas Discount Rate Falling
Consolidated Edison has filed new purchase of receivable discount rates, effective February 1, 2020, for electricity and natural gas
January 22, 2020
Here's How Many Residential Customers Are Still Served Under a Variable Rate In Connecticut
Consumer Counsel Issues Discovery For Utilities To Report Suppliers' Specific Variable Rates
The Connecticut utilities has responded to a PURA interrogatory and have reported the number of residential customers still served under a variable rate
January 17, 2020
ConEd Will Include New Costs In Electric, Natural Gas Default Service Rates As PSC Adopts Rate Case Settlement
Adopted Joint Proposal Includes Retail Access Provisions Updated Billing, Payment Charge For ESCOs
The New York PSC approved a joint proposal (JP) in the electric and natural gas rate cases of Consolidated Edison (the "Company") under which ConEd will include new costs in its default service supply rates for electricity and natural gas
January 16, 2020
PUC Approves Expansion Of Purchase Of Receivables Program
Other Retail Market Terms Approved As Part Of Utility Acquisition
The Pennsylvania PUC adopted, with modifications, a non-unanimous stipulation which approves Aqua America, Inc.'s acquisition of Peoples Natural Gas Company LLC, Peoples Natural Gas Company LLC – Equitable Division, and Peoples Gas Company LLC
January 15, 2020
Regulator Directs Utilities To Report Number Of Residential Customers Served Under Variable Rates, By Supplier, In Uncollectibles Investigation
The Connecticut PURA has issued interrogatories to Connecticut Light & Power and United Illuminating directing the utilities to, "Provide a list of suppliers and the number of residential accounts currently identified as being served under a variable rate for each supplier."
January 13, 2020
Regulator Opens Review Of Changes To Purchase Of Receivables Program, Will Examine Costs/Benefits, Alternative Methods
Supplier-Specific Discounts, With True-ups, Have Been Suggested To Regulator
The Connecticut PURA has assigned docket 20-01-33 for a proceeding entitled, "PURA Review of Electric Distribution Companies’ Method of Payment to Licensed Electric Suppliers for Uncollectible Customer Accounts".
January 8, 2020
Utility To Increase, From 0%, Purchase Of Receivables Discount Rate For Residential Customers
Non-Residential POR Discount Would Decrease To 0%
Washington Gas Light has filed with the Maryland PSC new purchase of receivables discount rates to be effective with the March 2020 billing cycle
January 3, 2020
Regulator Proposes To Assign Costs Of Utility Implementation Of Retail Supplier Amnesty, Refund Plans To Suppliers
The Connecticut PURA has issued a draft decision in Docket 18-12-22 to further modify how retail electric suppliers are to provide refunds to customers under an amnesty program, with the draft now also addressing cost recovery for EDC implementation costs to accommodate the plans
December 13, 2019
New York PSC Authorizes Utility Consolidated Billing Of Community Distributed Generation
The New York PSC ordered the electric utilities to allow community distributed generation (CDG) providers to bill for the projects on a utility consolidated bill
November 6, 2019
Regulator Approves 50% Increase In Utility's Residential POR Discount Rate (More Than 1 Percentage Point)
Commercial POR Discount Changes From Negative To Positive
The Massachusetts DPU approved the calculation and filing of revised Standard Complete Billing Percentages (purchase of receivables [POR] discount rates) by Fitchburg Gas and Electric d/b/a Unitil, effective December 1, 2019
October 21, 2019
Regulator Schedules Technical Meeting On Proposed Changes To Retail Supplier Amnesty Refund Mechanism (EDC Bill vs. Mail Check)
The Connecticut PURA has scheduled for October 24, 2019 a technical meeting concerning its recent draft decision in Docket 18-12-22 under which PURA would modify how retail electric suppliers are to provide refunds to customers under an amnesty program
October 21, 2019
ConEd To Include New Costs In Electric, Natural Gas Default Service Rates Under Rate Case Settlement
Joint Proposal Includes Retail Access Provisions Updated Billing, Payment Charge For ESCOs
Consolidated Edison (the "Company") would include new costs in its default service supply rates for electricity and natural gas in a joint proposal (JP) filed by various parties in ConEd's current rate cases before the PSC
October 16, 2019
New York Utility To Include Reconciliation Refund Of 7¢/Ccf In Default Service Rate
The New York natural gas utilities have filed their annual reconciliations of their default service gas supply costs for the twelve-month period ended August 31, 2019.