HomeNews By TopicPurchase of Receivables (POR)
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September 15, 2016
In compliance with a Pennsylvania PUC directive, Philadelphia Gas Works has filed an updated plan to implement a remote account number look-up mechanism which does not recover costs through its purchase of receivables discount rate, as PGW proposed to recover implementation costs through a delivery…
September 14, 2016
Washing Gas Light told the District of Columbia PSC that, "implementation of a POR program in the District of Columbia can be more easily accommodated," in its new billing system, but said that a current docket reviewing the impacts of the new billing system on retail suppliers should not consider…
September 6, 2016
The Retail Energy Supply Association has asked the District of Columbia PSC to include the accommodation of purchase of receivables as part of the PSC's review of billing system upgrades at Washington Gas Light, and such upgrades' impact on retail suppliers
September 2, 2016
The Pennsylvania PUC adopted, without substantive modification to retail market-related provisions, a settlement in UGI Utilities - Gas Division's 1307(f) proceeding which will more than double the bypassable gas procurement charge, eliminate the current switching fee, and make other enhancements…
September 2, 2016
Fitchburg Gas & Electric (Unitil) has filed with the Massachusetts DPU updated Standard Complete Billing Percentages (POR discount rates), effective December 1, 2016
July 22, 2016
The Pennsylvania PUC has rejected Philadelphia Gas Works' implementation plan to implement a remote account number access mechanism, finding that PGW's proposal to recover a portion of costs of the program via the purchase of receivables discount would threaten the viability of the POR program.
July 12, 2016
A settlement in UGI Utilities - Gas Division's 1307(f) proceeding would more than double the bypassable gas procurement charge, eliminate the current switching fee, and make other enhancements related to retail choice
July 1, 2016
The Pennsylvania PUC approved compliance plans to implement remote natural gas account look-up mechanisms at eight natural gas utilities, rejected National Fuel Gas Distribution Corp.'s compliance plan, and approved cost recovery from retail suppliers, via the purchase of receivables discount, at…
June 21, 2016
Washington Gas Light has filed with the Maryland PSC updated purchase of receivables discount rates, which would include an increase from the current residential POR discount rate of 0%.
May 27, 2016
The Maryland PSC approved an update to the purchase of receivables discount rates at Potomac Edison, with the new rates effective June 1, 2016.
May 27, 2016
The Maryland PSC approved an update to the purchase of receivables discount rates at Delmarva, effective June 1, 2016, which includes an increase in the residential discount
May 27, 2016
The Maryland PSC approved an update to the purchase of receivables discount rates at Pepco, with the new lower rates effective June 1, 2016.
May 27, 2016
The Maryland PSC has approved new electric and natural gas purchase of receivables discount rates at Baltimore Gas & Electric, effective June 1, 2016.
May 20, 2016
The Pennsylvania PUC adopted without modification at settlement in the FirstEnergy Pennsylvania utilities' default service proceedings for the period June 1, 2017 to May 31, 2021 which, among other things, introduces, on a pilot basis, a clawback mechanism to the purchase of receivables program, and…
May 5, 2016
Staff of the New York PSC have issued a whitepaper that provides potential options for imposing additional security requirements on ESCOs
May 2, 2016
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages), effective May 1, 2016, at Nstar, National Grid, and Western Massachusetts Electric Co.
April 28, 2016
Baltimore Gas & Electric has filed proposed updates to the electric and natural gas purchase of receivables discount rates, to be effective June 1, 2016.
April 19, 2016
A settlement concerning the FirstEnergy Pennsylvania utilities' default service programs for the four-year period beginning June 1, 2017 would require the convening of a stakeholder collaborative to examine the potential introduction of a new bypassable retail adder at the EDCs.
April 13, 2016
Nstar has informed the Massachusetts DPU that, pending feedback from electric suppliers, it intends to issue a one-time payment to retail suppliers serving industrial customers to effectuate an over-collection under the purchase of receivables program, rather than addressing the reconciliation via a…
April 7, 2016
A settlement in the FirstEnergy Pennsylvania utilities' default service proceedings for the period June 1, 2017 to May 31, 2021 would introduce, on a pilot basis, a clawback mechanism to the purchase of receivables program
April 4, 2016
Delaware stakeholders recently rehashed purchase of receivables in yet another round of comments concerning the proposed program, though what was most notable was the lack of any discussion from Delmarva regarding an implementation timeline to introduce POR should it be ordered by the PSC.
March 23, 2016
The existence and proliferation of "predatory" ESCOs in New York, "is the direct result of the [Public Service] Commission’s policies that allow and encourage them to exist," Infinite Energy said in comments to the PSC
March 21, 2016
Nstar and Western Massachusetts Electric Co. have filed with the Massachusetts DPU proposed updates to their purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2016.
March 17, 2016
National Grid in Massachusetts has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2016.
March 10, 2016
Alleging that ESCOs may jack up rates under the assumption this is the "final opportunity" to make money in New York, the New York PSC has asked a court to require ESCOs petitioning for review of the PSC's full stop retail markets order to provide an undertaking in the amount of $100 million to…
