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Pepco Files Revised Supplier POR Discount Rate
From Pepco Filing:
[ *** ] Attached is Pepco’s revised POR Supplier Discount Rate using Residential Calendar Year 2022 Bad Debt Expenses and Late Fees Revenues as a proxy for calculating the Company’s 2024 Residential rate. This revision is intended to wholly supersede the compliance filing made on August 16, 2024. Following this revision, the Company’s calculated discount rate on the receivables associated with Residential customers is 7.7466% on Schedules R and MMA.
Accordingly, and as proposed in the attached, Pepco has updated its filing and used Year 2022 Bad Debt Expenses and Late Fees Revenues as proxy for Year 2023 in the Reconciliation Factor calculation. As a result, of the difference between 2023 and 2022 amounts, Pepco will defer a net imbalance of $1,880,658.91 (Imbalance) for recovery in a future period. This deferral is reasonable and adheres to Pepco’s Electricity Supplier Coordination Tariff, Schedule 3, paragraph 2, which states that the Reconciliation Component represents the difference between cumulative costs eligible for recovery and discount amounts for purchased receivables. This Imbalance shall be recorded in a balancing asset or liability segment and earn interest at the Company’s most recent authorized distribution system rate of return.
Pepco Revised POR Filing (09/06/2024)
PEPPOR-2024-01 (04/30/2024)
(Purchase Of Receivables)
