News Stories
Sponsored by Earth Etch. Regulatory insight and compliance solutions for today’s energy markets.
Gas Utility Happenings
On November 21, 2024 the New Jersey Board of Public Utilities (BPU) approved the Elizabethtown Gas rate case settlement, which results in an increase of $9.43 in the average residential customer using 100 therms per winter month. (BPU Docket No. GR24020158)
On November 21, 2024 the Board approved the settlement in the NJNG base rate case, which results in an increase of $23.94 in the monthly bill of the average residential customer using 100 therms in a winter month. The balancing charge related to inventory has been updated to $0.0014 per therm based on the pre-tax rate of return of 9.10% agreed to in the Stipulation and the resulting after-tax Balancing Charge is $0.1889 per therm, an increase of $0.0005 per therm from the rate of $0.1884 per therm included in the Company’s pending 2025 BGSS filing in Docket No. GR24060372. The stipulation includes the following changes to the TPS requirements in the NJNG tariff. (BPU Docket No. GR24010071):
- FT, DGC-FT, CNG, NGV Commercial, and IS Service (Sheet No. 90) – Changing the number of days for a TPS whose account is out of balance by more than 30 percent to initiate corrective action from 5 days to 3 days to require the TPS to address the issue in a timelier manner.
- RS, GSS, GSL, DGC-Balancing, and NGV Residential (Sheet No. 91) · Changing the amount of a TPS’ cumulative under-delivery imbalance during a period of non-payment that warrants the Company to notify the TPS from exceed three (3) times the Daily Delivery Volume to be at least three (3) times the Daily Delivery Volume to address the TPS’ under-delivery issue in a timelier manner. · Changing the amount of a TPS’ cumulative under-delivery imbalance during a period of non-payment that requires the TPS to post and maintain a deposit or letter of credit from exceed five (5) times the Daily Delivery Volume to be at least 5 times the Daily Delivery Volume to address the TPS’ under-delivery issue in a timelier manner.
- Unauthorized Use Charge (Sheet No. 96) · Modifying the Unauthorized Use Charge description to clarify the determination of the charge and be consistent with the language for Delivery Shortfall Charge on Sheet No. 96.
- Nominations (Sheet No. 98) · Deleting the name of the supplier as required information for nominations as it is not a required field in NJNG’s Electronic Bulletin Board (EBB).
- Payment (Sheet No. 98) · Additional language to clarify that the Company may net all amounts due or owed by the TPS and the Company in the TPS bills.
