TECH CREDIT CANCELED

Earlier this year, the USPS sent letters announcing a Technology Credit Promotion.  The proposed rebate program would allow companies that met specific volume and timeframe-based criteria the opportunity to receive postage credits, some up to $5,000.  The promotion was originally planned to begin on June 1, 2013, and expire on May 31, 2014.

Before moving forward with the rebate program, the USPS needed approval from the Postal Regulatory Commission (PRC), and were not prepared for the split ruling handed down on June 10.  Within their Tech Credit Promotion proposal, the USPS also wanted the right to adjust the price cap to recoup potentially lost revenue from this program.  Today the PRC determines the rate price cap using an equation based on a 12-month Consumer Price Index average.

During the June hearing, the PRC allowed the USPS to move forward with the promotion.  However, it would not approve the plan to adjust the rate price cap.  As a result, the USPS recently announced that they will not proceed with the promotion.

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