October 10, 2017
RESA Files Proposal For Retail Market Enhancements In Delaware
The Retail Energy Supply Association recently filed a proposal for implementing various retail market enhancements in Delaware
HomeNews By TopicPurchase of Receivables (POR)
Purchase of Receivables (POR)
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September 28, 2017
PUC Sets Rules For New POR Program: Addresses Whether POR Is Mandatory For UCB, Implementation Cost Recovery, Discount Components
PUC: Desired Market Is For Suppliers To Rely On Supplier Consolidated Billing And Dual Billing; POR A "Short-Term Fix"
September 27, 2017
PUC Staff Seeks To Impose Discount On POR Program Which Has Had 0% Discount Since Inception
Staff of the Public Utilities Commission of Ohio, in a report concerning recommendations in a Duke Energy Ohio electric distribution rate case, said that Duke should institute a discount for its purchase of accounts receivables (POR, or PAR as used by Staff) program, citing credit and business risk…
September 19, 2017
RESA: NY PSC Should Adopt Purchase Of Receivables (POR) "Clawback" Provision To Prevent "Distasteful" Practices
As part of a series of proposed market reforms contained in its testimony in the New York PSC's evidentiary review of the retail energy mass markets, a witness for the Retail Energy Supply Association proposed that New York implement a purchase of receivables (POR) "clawback" to prevent against, "…
September 18, 2017
New York DPS Staff: End Mass Market ESCO Sales Except For Guaranteed Savings, "Value-Added" 100% (Not 30%) Renewable, And Municipal Aggregation or Not-For-Profit ESCOs
DPS Staff: Only 6 (of 100+) ESCOs Beat ConEd Bill in 2016
September 14, 2017
PSC Approves 4x Increase in POR Discount
The Maryland PSC approved new purchase of receivables discount rates at Baltimore Gas & Electric (electricity), Pepco, and Delmarva.
September 11, 2017
Claiming "Adders" Charged To Customers As A Result of Purchase of Receivables, Group Seeks Changes To New York ESCO Billing, Removal of POR "Obligation"
The Coalition of Renewable Energy Users and Developers (CORE) requested that the New York PSC fast track the treatment of a billing issue associated with implementation of the Value of Distributed Energy Resources (VDER) for C&I customers purchasing supply from an ESCO
September 8, 2017
Retail Suppliers File Petition Requesting Maryland PSC Implement Supplier Consolidated Billing By
A group of retail suppliers have petitioned the Maryland PSC to issue an order that mandates: (1) the implementation of Supplier Consolidated Billing (SCB) as a billing option available to customers of competitive licensed retail electricity and natural gas suppliers by June 30, 2019 at the latest…
September 5, 2017
Utility's POR Discount Rates To Decline
Fitchburg Gas & Electric (Unitil) has filed with the Massachusetts DPU updated Standard Complete Billing Percentages (POR discount rates), to be effective December 1, 2017
August 16, 2017
BGE Proposed POR Discount Rate Revised Downward As Result Of PSC Order
Baltimore Gas & Electric earlier this month filed revised proposed updates to its electricity purchase of receivables discount rates as a result of a recent Maryland PSC letter order rejecting certain costs BGE had sought to include in the discounts.
August 16, 2017
Utilities File Amounts For New POR Discount Rates Following PSC Order
Pepco and Delmarva have filed with the Maryland PSC compliance filings containing new purchase of receivables discount rates in compliance with recent letter orders from the PSC
July 19, 2017
Utility Files POR Implementation Plan, Updates Implementation Costs, Timeline
Utility Proposes Changes In Enrollment Timeline, Procedures
Washington Gas Light has filed with the District of Columbia PSC a proposed plan for implementing purchase of receivables.
July 15, 2017
PUC Remands POR Clawback Charge Complaint To ALJ, Ruling Appears To Heavily Favor Requiring A Hearing On Reasonableness Of Clawback Tariff Provision
The Pennsylvania PUC, in an order on an interlocutory appeal, has remanded to an ALJ a complaint filed by Respond Power against Penelec and West Penn Power concerning purchase of receivables clawback charges imposed on Respond by the EDCs
July 14, 2017
PUC Remands POR Clawback Charge Complaint To ALJ, Ruling Appears To Heavily Favor Requiring A Hearing On Reasonableness Of Clawback Tariff Provision
The Pennsylvania PUC, in an order on an interlocutory appeal, has remanded to an ALJ a complaint filed by Respond Power against Penelec and West Penn Power concerning purchase of receivables clawback charges imposed on Respond by the EDCs
June 28, 2017
Utilities Slash Proposed POR Discount Rate Hikes, New Rate Now Under 1.5%
Discount For One Class Had Initially Been Proposed At 6%
Pepco and Delmarva have filed with the Maryland PSC revised proposals to update their purchase of receivables discount rates, with a proposed new effective date of July 5, 2017
June 16, 2017
PSC Orders Development Of New POR Program At New Utility; Adopts Major Design Elements
The District of Columbia PSC ordered that Washington Gas Light shall develop a purchase of receivables program, as the PSC adopted major design elements of the program.
June 14, 2017
Non-party ESCOs Seek Withdrawal of NY PSC Subpoenas, Say Subpoenas Deficient, Not Authorized By Law
Counsel for three ESCOs filed separate motions for the New York PSC to withdraw subpoena duces tecum issued to the ESCOs, which are not parties to the PSC's mass market evidentiary review proceeding, as counsel for the ESCOs said that the subpoenas were deficient, and the PSC lacked authority to…
May 2, 2017
Utility To Set Residential POR Discount To Zero (Currently Nearly 1%)
Potomac Edison has filed with the Maryland PSC new purchase of receivables discount rates for the period beginning June 1, 2017.
May 2, 2017
BGE Residential Electric POR Discount To Increase; Gas Discount To Decrease
Baltimore Gas & Electric has filed with the Maryland PSC new purchase of receivables discount rates for the period beginning June 1, 2017.
May 1, 2017
National Grid Residential POR Discount Decreases, Commercial POR Discount Increases
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at National Grid, effective May 1, 2017.
May 1, 2017
Regulator Approves 4% POR Discount Rate, Reflecting 60% Increase
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at Western Massachusetts Electric Company (Eversource), effective May 1, 2017.
May 1, 2017
Increase In Nstar Residential, Commercial POR Discount Approved
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at Nstar (Eversource), effective May 1, 2017.
April 28, 2017
Ohio PUC Chair: We Need To "Tie Up" Disparate Pending Retail Market Enhancements (POR, Supplier Consolidated Billing, Etc.)
The Public Utilities Commission of Ohio needs to, "tie up," several disparate proposed or pending retail energy market enhancements, PUCO Chairman Asim Haque told attendees at the National Energy Marketers Association's 20th Annual National Energy Restructuring Conference
April 21, 2017
New POR Rates To Jump To 2% and 6%
Utilities Seeking To Recover Accelerated Switching Costs In Purchase of Receivables Discount
Pepco and Delmarva in Maryland are seeking to recover the costs of implementing accelerated switching in their purchase of receivables discount rates, and have filed proposed new rates to be effective June 1, 2017
April 10, 2017
PSC Approves Significant Increase in POR Discount For Certain Residential Customers
The District of Columbia has approved new purchase of receivables discount rates at Pepco, effective April 7.