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Published byMyles Casey Modified over 6 years ago
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MOVE-IN QUEUE PROCESS ALSO KNOWN AS DEBT AVOIDANCE
Presented by: Kathy Oxby, Supervisor of Receivables Management, Vectren Teresa Cullum, Team Lead Receivables Management, Vectren
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Consolidated Net Income*
Vectren at a glance Three Year Average (’10-’12) Headquartered in Evansville, IN Fortune 1000 company 12th largest public company in Indiana (by 2012 revenue) NYSE: VVC $5.1 billion in assets (2013) $2.5 billion in revenues (2013) 5,500 employees (including nonutility companies) 850 of these employees are contract miners in southwestern Indiana Consolidated Net Income* Utility ~80% Non-utility ~20% Utility Net Income Gas ~45% Gas 55% Electric ~55%
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Infrastructure Services
Vectren Utility Nonutility Vectren North Indiana Gas Vectren South SIGECO - Electric SIGECO - Gas Vectren Ohio VEDO Infrastructure Services Energy Services Coal Mining Miller Pipeline Energy Systems Group Prosperity Mine Oaktown Mine 1 Oaktown Mine 2 (under development) Minnesota Limited Vectren at a glance * Jointly owned with a subsidiary of Citizens Energy Group
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Vectren’s gas footprint
Vectren Energy Delivery of Indiana – South 110,000 gas customers Vectren Energy Delivery of Indiana – North 570,000 gas customers Vectren Energy Delivery of Ohio 315,000 gas customers TOTAL Gas Customers = 995,000
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Vectren’s electric footprint
Power plants AB Brown FB Culley Warrick Unit 4 Blackfoot Clean Energy Plant Vectren Energy Delivery of Indiana – South 142,000 electric customers 1,300 Megawatts
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DAISY-CHAINING
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Background Revenue Goal: Write-off reduction, find a method to reduce “daisy chaining” Customer Service Goal: To maintain positive customer satisfaction and to not deny service when mandated Issue: Customer disconnected -> New Customer but same tenant, calls for move-in (Daisy Chaining/Debt Avoidance) Challenges: The project impacted several departments Customer Service buy-in was critical First Call Resolution Extending service to the correct customer Customer Service inability to perform research Pushing the “envelope” but not causing any Commission issues
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Vectren Move In Queue Process is Born
Process Developed: Revenue Analyst provided the necessary data to support the need – number of disconnects with a move-in within 48 hours. A “queue” was created that would house the accounts that met a designed criteria. Designed criteria = Closed disconnect order with another party calling for move-in within 2 business days. Customer Service enters an “APP INFO” note in CIS, which initiates notification to Revenue
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The Process (sample of e-mail notification)
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Move-In Queue
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The Back-Office Process
Accounts are received via in Revenue and assigned based on skillset. Account is skip traced to identify who owns property. Validate tenants/occupancy. Look for other debt – previous tenant – other addresses. Critical element – verify this is valid Daisy Chaining/Debt Avoidance. If research identifies this is not, account is referred back to Customer Service to complete move in process Why are they responsible? Contact is made with person requesting service Prepare reconnect quote Offer Assistance Agency/Trustee/any location for their area that may assist Be flexible to retain customer
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The Back-Office Process continued
If the customer cannot or chooses not to pay; the account remains in the queue. Account is flagged to come back to Revenue until service goes active. All accounts are manually tracked to monitor effectiveness of this process.
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Statistics Year $ Identified as collectable Justified Unjustified 2012
$35K 81 76 2013 $220K 888 119 2014 $231K 546 274 Totals $486K 1515 828 65% 35%
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MOVE-IN QUEUE SUMMARY Created to attempt to deter a portion of the debt avoidance activity that occurs as part of the utility business. It is in no way a stop-gap for all that occurs. I.e. customers who have another party call to initiate a move-in to avoid a disconnect of service. Parameter is currently set at 2 days after disconnect order, but can be changed. Success Criteria: Customer Service reps are now following the thought process Percentage of justified accounts and debt found To date, no commission complaints validated due to this process Additional support towards reduction of bad debt write-offs
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Questions? Contact Information Kathy Oxby Vectren Receivables Management Supervisor Phone: Teresa Cullum Vectren Receivables Management Team Lead Phone:
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