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State's Largest Utility Files Further Update On Purchase Of Receivables Implementation Schedule
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Public Service Company of New Hampshire (Eversource) filed a further update concerning implementation of its new purchase of receivables (POR) program
PSNH's latest filing further confirms the start date that was contemplated in a recent filing which had contained the initial POR discount rates, though the latest schedule is still subject to contingencies
Specifically, PSNH has newly filed a POR schedule with a July 1, 2025 POR implementation date
The July 1 date remains contingent on all retail suppliers executing and returning to PSNH, by June 1, 2025, signed updated supplier service master agreements, reflecting UCB changes due to POR. A July 1 POR start is also contingent on PUC approval of the initial POR discount rate by May 23, 2025
In the recent discount rate filing, PSNH had previously said that the POR program is currently scheduled to become effective no later than July 1, 2025, and that POR implementation was not likely to be earlier than July 1
As previously reported, PSNH has filed a residential POR discount (DPRcc) of 1.285%, and a non-residential POR discount of 0.274%
POR implementation is also contingent on completion of all necessary system upgrades and process modifications by Eversource. PSNH anticipates that all IT and billing system modifications will be completed and confirmed by June 20, 2025
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April 16, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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