PURCHASE OF RECEIVABLES

CONNECTICUT LIGHT & POWER

POR Discount Rate:  0.92% (effective April 1, 2010)

UCB Fee: None

Rate Requirements/Limitations

CL&P shall input into it’s billing system, Supplier’s rates and pricing options for Generation Service. Supplier rates and pricing options must conform to the rate structure in use by CL&P for each specific rate class service and be supported by meters in place.

Changes in the rate levels of Supplier charges to be billed shall be prospective only and shall be implemented for the next billed reading if possible, provided that:

  1. Supplier notifies CL&P of the rate changes.
  2. The notification includes the old and new rates, pricing options, and effective date.
  3. Upon CL&P’s request, Supplier provides a sample bill calculation of a 500 kWh Customer or another sample Customer if it better fits the rate structure; and
  4. Supplier consents to the implementation of the new rate once CL&P tested its billing processes.

All measured billing determinants provided by the CL&P will be based on CL&P-owned metering, except as provided in Exhibit A or otherwise agreed to in a subsequent agreement.

Rate Submission/Timing

Suppliers shall furnish to CL&P a complete schedule of its relevant rates and rate pricing options for Generation Service in written form or in an electronic format reasonably acceptable to CL&P, at CL&P’s option.

Such schedule shall be provided no less than:

  • 10 business days prior to initial customer enrollment for any such rate or a change in Supplier’s existing rates, or
  • 5 business days prior to a change in rate pricing options.

Disconnect Notice/Timing

Notice sent 60 days prior to disconnect, then to collections.

Additional Characteristics

  • CL&P is Utility Consolidated Billing – Rate Ready.
  • Bill period is 30 days – CL&P transfers payments to Suppliers by way of ACH within 3 business days of CL&P’s receipt of payment from the Customer.
  • There is no Customer usage threshold/requirement for POR eligibility.

Reference

  • DPUC Docket No. 05-08-05RE02 – DPUC Investigation Into the Process By Which Customers Can Choose an Electric Supplier When Initiating Electric Service – Amended Referral Program.

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UNITED ILLUMINATING

POR Discount Rate:  1.18%

UCB Fee: None

Rate Requirements/Limitations

Supplier rates and pricing options must conform to the rate structure in use by UI for each specific rate class and be compatible with the meters in place.

Changes in the rate levels of Supplier charges to be billed shall be prospective
only and shall be implemented, provided that:

  1. The Supplier notifies the Company of the rate changes;
  2. Upon UI’s request, the Supplier provides a sample bill calculation; and
  3. The Supplier consents to the implementation of the new rate once UI has tested its billing processes.

Rate Submission/Timing

The Supplier shall furnish to UI a complete schedule of its relevant rates and rate pricing options for Generation Service in an electronic format submitted through the Company’s Supplier Management Internet site no less than 35 Business Days prior to initial Customer enrollment for any such rate or prior to a change in Supplier’s existing rates.

Disconnect Notice/Timing

UI will determine whether a customer will be disconnected due to non-payment (DNP) of the total bill. Notices are sent 60 days prior to disconnect, then to collections.

Additional Characteristics

  • UI is Utility Consolidated Billing – Rate Ready.
  • Supplier payments occur 34 calendar days after bill is issued – The accumulation of the generation charges continues until the billing of the last customer in a given month in cycle 20. The supplier is sent a check (or possibly a wire transfer of funds) 17 calendar days following the end of Cycle 20 billing.
  • There is no Customer usage threshold/requirement for POR eligibility.

Reference