HomeNews By TopicPurchase of Receivables (POR)
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November 15, 2012
Philadelphia Gas Works has filed at the Pennsylvania PUC to unbundle certain natural gas procurement costs into a bypassable Gas Procurement Charge (GPC) and unbundle supply-related uncollectibles into a bypassable Merchant Function Charge.
November 14, 2012
National Fuel Gas Distribution Corporation has filed with the Pennsylvania PUC a tariff to unbundle certain gas procurement charges from distribution rates, for inclusion in the bypassable Price to Compare.
November 13, 2012
Washington Gas Light has filed updates to its prior proposed increases in the purchase of receivables discount rates with the Maryland PSC, and while the newly updated rates are lower, the residential discount rate which results under the current tariff still approaches 6%
November 7, 2012
A recommended decision from a Pennsylvania ALJ would deny a proposal from Equitable Gas to implement a purchase of receivables program because, "there is no documented level of interest in participating in a POR program by any NGS's [natural gas suppliers] in Equitable's service territory."
November 1, 2012
Issues regarding the provision of ESCO and default service cost comparisons at Niagara Mohawk would be delegated to a collaborative under a term sheet setting forth the key terms of a settlement agreement among NiMo, Department of Public Service Staff, Multiple Intervenors, and other parties that…
October 26, 2012
In a recently filed rate case at the Pennsylvania PUC, Columbia Gas of Pennsylvania has filed a proposed tariff to implement a bypassable Gas Procurement Charge, a mechanism required by the PUC to unbundle certain supply costs from base rates.
October 22, 2012
The New York PSC will consider eliminating the availability of retail choice to certain low-income customers as part of its retail market investigation, as the comprehensive investigation will also include a review of a host of policies concerning ESCO marketing and pricing traditionally opposed by…
October 22, 2012
A recommended decision in PPL's rate case opens the door for the uncollectibles rate included in the Purchase of Receivables discount and the uncollectibles rate used in the bypassable Merchant Function Charge to diverge.
October 22, 2012
The New York PSC's newly initiated investigation of retail market issues (click here) will include the examination of whether ESCO receivables purchased by the utility should be purchased with recourse .
October 19, 2012
The discount rate for receivables purchased by Nicor Gas under its proposed POR program would be 1.5%.
October 18, 2012
The Illinois Commerce Commission has opened docket 12-0569 to review a Purchase of Receivables with Consolidated Billing program at Nicor.
October 12, 2012
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.
October 12, 2012
PECO has informed the Pennsylvania PUC that it will propose to start, by April 2015, recovering additional costs through its natural gas Purchase of Receivables discount, including uncollectibles and administrative costs.
October 11, 2012
A start-up retail supplier called Park Power, LLC is preparing to serve mass market customers in states with purchase of receivables.
October 5, 2012
PNE Energy Supply LLC, d/b/a Power New England, has filed a formal petition with the New Hampshire PUC asking that the Commission review the reasonableness and appropriateness of Public Service Company of New Hampshire's approved charges for selection, billing, and payment and collection services…
October 5, 2012
Orange & Rockland Utilities has filed updated electric and natural gas purchase of receivables discount rates.
October 1, 2012
The Maryland Energy Marketers Coalition (MEMC) has filed a proposal with the Maryland PSC to prevent a spike in the Washington Gas Light residential purchase of receivables discount rate to 7%, as MEMC cautioned that if POR implementation costs are not handled in a reasonable manner, "the…
September 21, 2012
The District of Columbia PSC ordered Pepco to implement a purchase of receivables program within "approximately" nine months, further directing that all costs of the program shall be borne by retail suppliers (FC 1085).
September 19, 2012
The Pennsylvania PUC's Bureau of Investigation and Enforcement (I&E) has expressed concerns with the proposed levels for the discount rates in Equitable Gas' purchase of receivables program.
September 18, 2012
Retail Suppliers Ask Wisconsin to Investigate Retail Choice
September 4, 2012
The New Hampshire PUC has dismissed a petition from PNE Energy Supply LLC to modify certain charges applicable to retail suppliers under Public Service of New Hampshire's tariff.
September 4, 2012
Staff of the New York Public Service Commission have filed testimony supporting the further unbundling of rates at Niagara Mohawk, and proposed updates to the uncollectibles rates in the Merchant Function Charge (MFC) and purchase of receivables discount (12-G-0202 et. al.).
August 31, 2012
Washington Gas Light has filed updated purchase of receivables discount rates with the Maryland PSC, and the new residential rate, as calculated under the current tariff, would be nearly 7%.
August 29, 2012
A competitive supplier has compared Purchase of Receivables to sub-prime mortgages.
August 10, 2012
The National Energy Marketers Association has released an agenda for its Summer Policy Leadership Conference, to be held August 21-23 in Chicago, Illinois.
