Con Edison Proposed Electric Tariff Changes Related to the Reconciliation of Purchase of Receivables
Consolidated Edison Company of New York, Inc. (“Con Edison” or the “Company”) has filed with the New York State Public Service Commission (the “Commission”) proposed changes to its Schedule for Electricity Service, P.S.C. No. 10 – Electricity (“Tariff”).
Con Edison proposed, in compliance with the Commission’s directive in its Order Modifying Reconciliation of Gas Purchase of Receivables issued and effective July 13, 2018 in Case 17-G-0794, to modify the Company’s Purchase of Receivables (“POR”) program as explained in General Rules 19.3.6. and 28. The Company proposed to revise the reconciliation of target credit and collection and theft (“C&C”) dollars attributable to retail access customers whose energy service companies (“ESCOs”) participate in the Company’s POR program and C&C recoveries associated with such customers (“POR C&C Reconciliation”). Major changes related to the POR program include: 1) Consolidated Billing and Payment Processing Services, has been expanded to include a more detailed description of the POR Discount Percentage; 2) Transition Adjustment for Competitive Services, has been revised to reflect that, effective January 1, 2019, the POR C&C Reconciliation will be included in the C&C component of the POR Discount Percentage; and 3) The reconciliation of competitive C&C-related charges reflected in the Merchant Function Charge has been modified to specify that, effective January 1, 2019, it will apply only to full service customers. In addition, an illustrative version of a new Statement of Purchase of Receivables Discount Percentage has been drafted to show the components of the POR Discount Percentage.
The filing, which is subject to Commission review and approval, was filed on July 30, 2018, and is proposed to become effective on January 1, 2019. A complete copy of the filing is available for your inspection at the office of the Commission, 90 Church Street, 4th floor, New York, New York 10007, and at offices where applications for Con Edison service may be made. You can also view the filing on the PSC’s website at www.dps.ny.gov under Case 18-E-0489.