March 15, 2013
BGE Proposes Large Increase in Residential POR Discount Rate
Baltimore Gas & Electric has filed updated purchase of receivables discount rates for electric and natural gas service, for the period starting July 1.
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Purchase of Receivables (POR)
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March 12, 2013
NEM: Retention of Dual Billing Drop in N.J. Staff POR Proposal Undermines Goal of Program
The retention of a reversion to dual billing for retail supply customers in arrears, as contained in a New Jersey BPU Staff proposal for a revised purchase of receivables program, undermines the goals of improving the POR program to provide mass market customers with more competitive offerings, the…
March 11, 2013
Draft Order Would Establish Bypassable Procurement Charge at Pennsylvania Utility
A recommended decision from a Pennsylvania ALJ would establish the new bypassable Gas Procurement Charge, reflecting an unbundling of certain supply-related costs currently in base rates, at Peoples TWP LLC.
March 11, 2013
Illinois Staff Recommend Denial of Nicor Purchase of Receivables Tariff
Staff of the Illinois Commerce Commission have recommended that the Commission deny Nicor's proposed purchase of receivables tariff, testifying that no benefits to POR have been shown, and that therefore related expenses have not been shown to be prudent.
March 8, 2013
Retail Supplier Seeks Changes to Maine Rules for Standard Offer Receivables, Procurement
Electricity Maine, LLC has petitioned the Maine PUC for a rulemaking to revise the rules governing Standard Offer and retail supply receivables, and to change the procurement length for Standard Offer contracts.
March 5, 2013
Purchase of Receivables Finds Support from AEP Ohio
AEP Ohio has recommended implementation of a form of purchase of receivables, in comments filed in Ohio's retail electric market investigation.
March 5, 2013
Connecticut Utilities File New POR Discount Rates
The Connecticut utilities have filed updates to their Purchase of Receivables discount rates, which equal their non-hardship average uncollectibles factor.
March 4, 2013
Settlement to Increase POR Discount at PECO, Unbundle Distribution Rates into New Bypassable Charge
Parties have filed a settlement to unbundle certain natural gas supply procurement costs at PECO from base rates and include such costs in a new bypassable Gas Procurement Charge (GPC), with such settlement also moving uncollectibles into the POR discount rates.
March 4, 2013
Residential, Small Commercial POR Discount Rates to Increase at Pepco
Pepco has filed with the Maryland PSC updates to its Purchase of Receivables discount rate, to take effect June 1, 2013.
March 4, 2013
New Jersey Staff POR Proposal Retains Reversion to Dual Billing
Staff of the New Jersey Board of Public Utilities has issued to stakeholders proposed revisions meant to improve the Purchase of Receivables programs, but which retain an eventual reversion to dual billing if the customer remains in arrears.
February 26, 2013
Maryland Utility Files to Decrease POR Discount for Most Customer Classes
Potomac Edison has filed with the Maryland PSC revisions to its Purchase of Receivables discount rates to be effective June 1, 2013.
February 21, 2013
New Hampshire Moves Forward With Consideration of POR, Market Enhancements
The New Hampshire PUC has approved a revised procedural schedule for further consideration of a purchase of receivables program at the electric utilities, and other retail market enhancements.
February 15, 2013
Some Costs of PECO Opt-In Aggregation Program May Be Collected Through POR Discount, PUC Rules
The Pennsylvania PUC yesterday issued an order regarding various retail electric market enhancement programs at PECO which allows the recovery of implementation costs from retail suppliers through an adjustment to the POR discount rate under certain circumstances.
January 29, 2013
New York Utilities Balk at Ending POR Without Recourse
Although the New York Attorney General supports the end of purchase of receivables without recourse, New York utilities have balked at the idea, raising concerns that requiring POR with recourse could harm customers and increase administrative costs.
January 21, 2013
District of Columbia Affirms POR Discount to Reflect Late Payment Revenues
The District of Columbia PSC affirmed that Pepco's purchase of receivables program shall credit late payment revenues associated with purchased receivables as an offset under the discount rate calculation, as the PSC denied various rehearing requests of its prior POR order.
January 2, 2013
Pennsylvania Confirms Continuation of Current PPL POR Discount Rates, Pending New Data
A written order from the Pennsylvania PUC confirms that the current purchase of receivables discount rates at PPL will remain in effect until the PUC acts upon a revised discount rate filing to separate competitive supply versus default service uncollectibles, which has not yet been filed.
December 27, 2012
Shock: Retail Supplier Says Low Income Customers Should Be Excluded from Retail Choice
Low-income residential customers -- specifically those receiving HEAP and other forms of public assistance -- should be excluded from New York's retail energy choice programs, ESCO Great Eastern Energy said in comments to the New York PSC.
December 21, 2012
Pennsylvania PUC Approves Purchase of Receivables Program at New Utility
The Pennsylvania PUC has approved a purchase of receivables program at Equitable Gas Company, LLC, but largely adopted the program parameters as proposed by Equitable, which had been protested by retail suppliers
December 19, 2012
PECO Files Revised Opt-In Retail Supply Program; Design May Leave Program Undersubscribed Despite Unfilled Demand
PECO has filed with the Pennsylvania PUC a revised retail opt-in program, which takes the place of a previously proposed retail auction, and, as Matters understands the new proposal, the opt-in program may leave customers desiring to take service under the program unable to participate, even though…
December 17, 2012
New ABACCUS Rankings of Retail Markets Show New York Falling Behind
New York has lost its position as the second-highest ranked state for a competitive residential retail electric market under the latest Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS), providing a cautionary vision of markets which flirt with, but ultimately fail to…
December 12, 2012
Joint Proposal Provides That NiMo "Will Develop" Online ESCO Vs. Default Service Cost Calculator
A joint proposal among parties to Niagara Mohawk's pending electric and natural gas rate cases in New York provides that NiMo "will develop" an online calculator to allow ESCO customers to compare their costs under ESCO supply versus shadow-billed default service costs.
December 6, 2012
Pennsylvania Denies Placing POR Uncollectibles in Base Rates, Sets Uncollectibles Factor
The Pennsylvania PUC denied a request from Direct Energy to recover purchase of receivables uncollectibles, as well as default service uncollectibles, through a nonbypassable charge at PPL, and also adopted an ALJ's recommendation regarding the level for the POR discount rates.
November 29, 2012
Maryland Orders WGL to Apply Late Payment Revenues to POR Discount; Residential Discount Now Under 1%
The Maryland PSC ordered Washington Gas Light to use revenues from late payment fees as an offset to the purchase of receivables discount, resulting in a lower POR discount rate which will go into effect with January 2013 billings.
November 27, 2012
Massachusetts Sets Technical Conference on Lingering Purchase of Receivables Implementation Issues
The Massachusetts Department of Public Utilities has scheduled a technical conference regarding the still pending Purchase of Receivables compliance filings made by the electric distribution companies.
November 26, 2012
Maryland Staff Again Recommend 70% Cut in Filed POR Discount Rate for Washington Gas Light
Staff of the Maryland PSC have recommended that the Commission adopt a four-year amortization of IT implementation costs related to Washington Gas Light purchase of receivables, which results in the updated discount rate for residential receivables being cut by 70% versus the filed updated rate.