March 5, 2019
Utility Ahead Of Schedule On Implementation Of New Purchase Of Receivables (POR) Program, Expects Earlier Start Dates
Note: This story was first published at 1:30 pm on March 5 with an alert to our email subscribers
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Purchase of Receivables (POR)
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March 1, 2019
PUC Approves Implementation, Start Date For New Purchase Of Receivables Programs
The Pennsylvania PUC has approved tariff filings from UGI Utilities - Gas to expand its purchase of receivables program to its new North and Central rate districts (formerly Penn Natural Gas and Central Penn Gas, respectively)
February 27, 2019
New York Utilities Report POR Participation
NYSEG and Rochester Gas & Electric filed annual purchase of receivables (POR) reports for the period for May 2017 through April 2018 which include data on ESCO participation in the programs
February 13, 2019
Retail Supplier Seeks Market Enhancements At Dayton Power & Light
Says DMR Rider "Syphon[s]" Above-Market Revenues To "Out-Of-State Bankers"
Interstate Gas Supply (IGS Energy, or IGS) has filed testimony on a non-unanimous stipulation in Dayton Power & Light's electric security plan proceeding
January 22, 2019
Retail Suppliers To Seek Retail Market Improvements, Utility's Exit From Merchant Function, In Case Reviewing Utility Merger
Retail suppliers will seek various retail market enhancements, including seeking a utility exit from the merchant function, in the Pennsylvania PUC proceeding reviewing the previously reported (see story here) acquisition of the Peoples Natural Gas LDCs by Aqua America, Inc.
January 21, 2019
New York Utility Says ESCO Presents "No Legitimate Challenge" In Billing Complaint
The Brooklyn Union Gas Company d/b/a National Grid NY ("National Grid", "KEDNY" or "Company"), in responding to a complaint from East Coast Power & Gas, LLC concerning an annual reconciliation amount, said East Coast has presented, "no legitimate challenge" to over $400,000 in reconciliation charges…
December 19, 2018
PUCO Directs Duke To File "Detailed" Cost Of Service Study, Regarding Default Service Or CRES Subsidization, In Next Rate Case
Stipulation Had Been Called "Bad Deal" For Retail Suppliers
December 14, 2018
PSC Approves Start Date For New POR Program, Updated POR Discount Rates
The District of Columbia PSC has approved a start date, and updated discount rate, for Washington Gas Light's new purchase of receivables (POR) program
December 13, 2018
In Proceeding Examining Ban On Shopping For Hardship Customers, Regulator Concerned With POR Mechanics
Schedules Technical Conference
The Connecticut PURA scheduled for January 15, 2019 a technical meeting Docket No. 18-06-02, Review Of Feasibility, Costs And Benefits Of Placing Certain Customers On Standard Service Pursuant To Conn. Gen. Stat. Section 16-245o(m)
December 11, 2018
ESCO Alleges New York Utility Threatened To Return Customers To Default Service In Billing Dispute
East Coast Power & Gas, LLC ('East Coast') filed with the New York PSC a complaint and formal dispute resolution request for expedited resolution against, "KeySpan Gas East Corporation d/b/a National Grid, ('KEDNY')" [sic], concerning its annual reconciliation charges of over four hundred thousand…
December 5, 2018
Utilities File Adopted Increases To POR Discount Rates
Pepco and Delmarva have filed with the Maryland PSC compliance filings showing the final updated purchase of receivables (POR) discount rates
November 27, 2018
Utilities Set Start Date For New POR Program
UGI Utilities - Gas has filed tariff revisions to expand its purchase of receivables program to its new North and Central rate districts (formerly Penn Natural Gas and Central Penn Gas, respectively)
November 26, 2018
Maryland PSC Issues Order On Dispute In Calculation Of Purchase of Receivables (POR) Discount Rates
Payment Posting Processing Order, And Impact On POR, To Be Investigated
The Maryland PSC has issued letter orders regarding the calculation of the purchase of receivables (POR) discount rates at Pepco and Delmarva, which has been disputed as part of the annual update to the rates
November 20, 2018
PSC Approves Decrease In Utility's Residential POR Discount Rate; Increase For Commercial Customers
Note: This story was first published at 11:52 am on Nov. 20 with an alert to our email subscribers
November 20, 2018
Maryland PSC Weighs Whether Retail Supplier's Receivables Should Be Excluded From POR Due To Inclusion Of Customer Charity Donations In Receivables
Note: This story was first published at 11:52 am on Nov. 20 with an alert to our email subscribers
November 19, 2018
New York PSC Approves Tariff Filing Revising Purchase Of Receivables (POR) Program
The New York PSC has approved tariff filings from Consolidated Edison (ConEd, Con Edison, or the Company) modifying the manner in which credit and collections and theft (C&C) recoveries for retail access customers served by Energy Service Companies (ESCOs) that participate in the electricity…
November 16, 2018
Retail Supplier Files For Bankruptcy
Starion Energy, Inc. and several affiliates have filed voluntary petitions under Chapter 11 with the United States Bankruptcy Court for the District of Delaware
November 7, 2018
Lower POR Discount Rate Approved At Utility
The Massachusetts DPU has approved new Standard Complete Billing Percentages (purchase of receivables (POR) discount rates) at Fitchburg Gas and Electric d/b/a Unitil
October 24, 2018
Utility Files New Purchase Of Receivables (POR) Discount Rates, Start Date For New POR Program
Washington Gas Light has filed with the District of Columbia PSC new discount rates for its new Purchase of Receivables (POR) program, as the result of a recent PSC decision on the composition of the discount rates
October 22, 2018
PSC Approves Change Which Likely Will Result In Higher Purchase Of Receivables (POR) Discount Rate
The District of Columbia PSC has granted a motion from Pepco for approval to recover costs related to forgiven arrearages, including recovery of forgiven supplier-related arrearages through the POR discount rate
October 18, 2018
PSC Denies Recovery Of Purchase Of Receivables Start-up Costs In Distribution Rates
Proposal Had Addressed High POR Discount Rates
The District of Columbia PSC has denied a proposal to recover a portion of purchase of receivables costs for Washington Gas Light's new POR program in distribution rates.
October 4, 2018
Utility's Residential POR Discount Rate To Decrease; Increase For Commercial Customers
Washington Gas Light has filed with the Maryland PSC proposed new purchase of receivables (POR) discount rates to be effective with the December 2018 billing cycle
September 27, 2018
Updated: PUC Accepts As Final Utilities' Merger Settlement's Retail Choice Provisions, Requires Utility To Propose Expansion Of Purchase Of Receivables (POR) Program
Adopted Stipulation Addresses Other Retail Choice Issues As Well
The Pennsylvania PUC adopted as final a settlement which approves the merger of the three individual UGI natural gas utilities into a single utility
September 27, 2018
PSC Considers Dispute In Calculation Of Purchase of Receivables (POR) Discount Rates
The Maryland PSC yesterday heard from parties concerning the calculation of the purchase of receivables (POR) discount rates at Pepco and Delmarva, which has been disputed as part of the annual update to the rates
September 21, 2018
PUC Accepts Utilities' Merger Settlement's Retail Choice Provisions, Requires Utility To Propose Expansion Of Purchase Of Receivables (POR) Program
Adopted Stipulation Addresses Other Retail Choice Issues As Well
The Pennsylvania PUC conditionally adopted a settlement which approves the merger of the three individual UGI natural gas utilities into a single utility