August 9, 2012
Settlement to Set Peoples Natural Gas's Unbundled Gas Procurement Charge
A settlement in Peoples Natural Gas Company's Pennsylvania rate case would establish the level of the new, bypassable Gas Procurement Charge (R-2012-2285985).
HomeNews By TopicPurchase of Receivables (POR)
Purchase of Receivables (POR)
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August 2, 2012
Briefly
Ohio Sets Workshop on Payment Priority for Consolidated Bill Receivables
July 31, 2012
Negotiations Ongoing Regarding Massachusetts POR
Negotiations are continuing among electric distribution companies and retail suppliers regarding purchase of receivables in Massachusetts.
July 26, 2012
People's Counsel: Purchase of Receivables Would "Distract" Pepco-DC From Reliability Function
The District of Columbia Office of People's Counsel said that implementing a purchase of receivables program at Pepco would "distract" Pepco from solving reliability and storm-related issues facing the utility.
July 25, 2012
Fitchburg Gas & Electric Says POR Must be Delayed Due to New CIS
Fitchburg Gas and Electric Light Company (Unitil) has informed the Massachusetts DPU that its current Customer Information System (CIS) cannot support a purchase of receivables program, and that POR implementation must be delayed until a new CIS is implemented.
July 19, 2012
Ohio to Review Payment Priority for Competitive Supply, Utility Receivables
The Public Utilities Commission of Ohio delegated that issues related to the payment priority for competitive supply and utility receivables collected on an electric utility consolidated bill shall be addressed in a newly opened rulemaking, declining to address the issue as part of the FirstEnergy…
July 19, 2012
Delaware Opens Proceeding on Retail Market Rules; Seen as Venue for POR
The Delaware PSC has re-opened Regulation Docket 49 is to consider further revisions to the existing rules applicable to the retail electric market as set forth in 26 Del. Admin. C. §3001.
July 11, 2012
Massachusetts DPU Offers to "Facilitate" Purchase of Receivables Settlement
The Massachusetts DPU has informed stakeholders that it would like to "facilitate" settlement negotiations regarding (what are hoped to be) the final outstanding issues regarding the electric distribution companies' purchase of receivables (POR) programs.
July 10, 2012
Maryland Staff Suggest that Universal Service Program Customers Be Informed of Competitive Supply Options
Maryland's Office of Home Energy Programs of the Department of Human Resources (OHEP) should inform Electric Universal Service Program (EUSP) participants about their opportunities to take service from competitive suppliers, Maryland PSC Staff recommended in comments on OHEP's FY 2013 EUSP plan…
June 26, 2012
Pepco Proposes 2014 Start for Any District of Columbia Purchase of Receivables Program
Pepco has recommended that any purchase of receivables program required by the District of Columbia PSC be delayed until the introduction of a new billing system, currently scheduled for 2014 (FC 1085).
June 25, 2012
Direct Energy Seeks Changes to PPL Purchase of Receivables Program, Calls Sought Discount Rates "Overstated"
Direct Energy Services, LLC has sought a modification to the treatment of uncollectibles under PPL Electric's purchase of receivables program, in testimony filed in PPL's rate case (R-2012-2290597).
June 22, 2012
New Hampshire Purchase of Receivables, Retail Enhancements Proceeding to Exclude Natural Gas
A New Hampshire proceeding examining various retail market enhancements, including Purchase of Receivables, will not include the natural gas market as previously directed, parties have agreed.
June 20, 2012
Maryland Sets New Purchase of Receivables Discount Rates at BGE
The Maryland PSC has established new Purchase of Receivables discount rates at Baltimore Gas & Electric, effective July 1.
June 20, 2012
Maryland Directs Working Group to Study Changes to Purchase of Receivables Program
In setting new POR discount rates at BGE (see related story) , the Maryland PSC directed that the supplier coordination working group examine several proposed changes to the Purchase of Receivables program, including the treatment of late payment revenue.
June 18, 2012
Delmarva Files Revised Proposal for POR Discount Rates
Delmarva Power & Light has filed with the Maryland PSC a revised set of proposed new purchase of receivables (POR) discount rates.
June 18, 2012
Maryland PSC Staff File Proposed POR Discount Rates for BGE
Staff of the Maryland Public Service Commission have filed recommended levels for Baltimore Gas & Electric's Purchase of Receivables discount rates, to be considered at the Wednesday administrative meeting.
June 6, 2012
Potomac Edison Files Approved New Purchase of Receivables Discount Rates
Potomac Edison has filed final new Purchase of Receivables discount rates which took effect June 1, 2012.
June 6, 2012
Pepco Files Approved New Purchase of Receivables Discount Rates
Pepco has filed in Maryland final new Purchase of Receivables discount rates which took effect May 30, 2012.
June 4, 2012
AEP Ohio to Return Customers Reaching Arrears Threshold to Default Service
AEP Ohio notified several retail suppliers in May that it would begin returning to standard service any shopping customer who is in arrears by $50 for a period of more than 60 days.
May 31, 2012
Maryland PSC Confirms Use of 0% POR Discount Rate Rather than Refunding Monies to Suppliers
The Maryland PSC yesterday established new Purchase of Receivables discount rates at Pepco, Delmarva, and Potomac Edison.
May 22, 2012
Ohio Consumers' Counsel: Uncertainty in ATSI Zone Augurs Against Three-Year Default Supply Contract
"[E]xtraordinary uncertainty about future market conditions and prices," in the American Transmission Systems Inc. zone, in which the FirstEnergy Ohio distribution companies are located, augurs against the use of 36-month supply contracts procured in October 2012 and January 2013 to serve default…
May 17, 2012
Ohio Approves Changes to Retail Market at Vectren Energy Delivery
The Public Utilities Commission of Ohio has accepted a stipulation regarding changes to the retail market under Vectren Energy Delivery's Standard Choice Offer (SCO) auction, including the possible introduction of a discount rate to purchased receivables.
May 17, 2012
Equitable Gas Files to Implement Purchase of Receivables Program
Equitable Gas Company, LLC has filed at the Pennsylvania PUC to implement a Purchase of Receivables program.
May 16, 2012
Duquesne Light Seeks to Increase Residential POR Discount on All Suppliers to Fund Referral Program
Duquesne Light has proposed increasing the Purchase of Receivables discount rate to all retail electric suppliers serving residential customers to recover costs of its proposed Standard Offer customer referral program, which is part of its proposed default service plan for the period beginning June…
May 9, 2012
New Hampshire Opens Proceeding to Address Electric, Gas Purchase of Receivables
The New Hampshire PUC has officially opened Docket DE 12-097 to investigate the merits of instituting purchase of receivables, customer referral, and electronic interface programs for both electric and natural gas distribution utilities in New Hampshire.