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UGI Electric Files Rate Case Seeking Approximately 12% Revenue Increase
UGI Electric has filed a base rate case that has been docketed at R-2025-3059430.
In this filing, UGI Electric is proposing to increase its annual jurisdictional revenues by approximately $17.283 million or by 11.89% on a total revenue basis.
In testimony states that the primary need for UGI Electric’s proposed rate increase is as follows:
“the Company’s continued extensive efforts to repair, replace, improve, and modernize the aging portions of its distribution system. Since 2018, the Company has spent almost $92 million on these efforts that support operating a safe and reliable distribution system. The Company anticipates that it will continue its accelerated capital programs over the coming years, as reflected in its Commission-approved Second Long-Term Infrastructure Improvement Plan (“Second LTIIP”). Combined with non-LTIIP capital investments in areas such as IT and growth, UGI Electric anticipates spending an additional $28.6 million in the FTY and $37.3 million in the FPFTY, respectively. The extensive capital work being undertaken by UGI Electric is described by Mr. DeGiusto in UGI Electric St. No. 3, and the capital planning process is described in the testimony of Ms. Schappell in UGI Electric St. No. 7. The growth in capital investments, along with relatively stagnant customer usage and growth trends, are the primary reasons why UGI Electric will not earn a fair rate of return on its investments at present rate levels.”
The utility has also posted rate case materials on their website: https://www.ugi.com/rate-filing/
