Dnk - I'm presuming you mean the numerical value for PF is 0.703?? Check out these numbers to see if I'm on tract here.
KW = 255
PF = .703, which means the phase angle is 45.33°.
KVA = 363
KVAR = 258 (which is more than the KW)
The demand is probably not large enough to cause a PF penalty.
I tend to disagree. Although the utility may not charge for low PF, if they do, I'd say this one qualifies.
Radar