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Utility Makes Change In POR Discount Calculation, Says Discount Would Otherwise Be 15%
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Washington Gas Light has filed to update its purchase of receivables discount rate in the District of Columbia
For residential customers, WGL proposes to update the D.C. POR discount to 7.718%, versus the current discount of 6.897%
WGL's proposed residential POR discount includes a bad debt component of 2.106% and a reconciliation factor of 3.859%, among other components
WGL said that for the projection of Residential Bad Debt Expense and Late Fees,
the Company used CY2022 as the proxy of ongoing costs.
"The Company
estimates that 2022 Bad Debt Expense will provide a more reasonable estimate of
2024 costs, due to the resumption of disconnections coming out of the moratorium.
Using 2023 Bad Debt Expense and Late Fees for 2024 projections would result in
a Residential POR Discount Rate of more than 15 percent," WGL said
For non-residential accounts, WGL proposed to set the D.C. POR discount at 0.478%, versus the current 0.809%
The new POR discounts are proposed to be effective for meter readings on and after June 30, 2024
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April 5, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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