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Columbia Gas Files Proposed Settlement Agreeing to POR Rate Reduction
Columbia Gas filed a proposed settlement agreement in its current distribution rate case before the Kentucky PSC.
Among other things, the parties agreed to a reduction in the purchase of receivables discount rate from 2% to 1.75% and that the next meeting of the choice working group should be scheduled for April 2025. A final decision on the proposed settlement agreement by the KYPSC is forthcoming.
{***} 16. Purchase of Supplier Receivables: The Parties agree that the amount of the Suppliers’ discount on accounts receivable in recognition of Columbia’s risk shall 11 be reduced from 2.0% to 1.75%. The Parties further recommend that the Commission schedule the next meeting of the working group ordered in Case No. 2021-00386 during the week of April 13, 2025, or the week of April 20, 2025. {***}
As background, Columbia Gas filed an application to increase rates by $23,773,019, resulting in a revenue increase of ~15.81%. Columbia projects a monthly bill increase of $7.28 for the average residential customer consuming 5.5 Mcf per month. Columbia originally requested an effective date of 7/1/24, but KYPSC has suspended the new rates through 1/1/25.
Columbia is also requesting approval for: a depreciation study; reinstatement of a state tax adjustment factor, initially set to $0.00 for all schedules; and removal of residential service from the late payment penalty.
Proposed Settlement Agreement (10/14/2024)
KYPSC Docket No. 2024-00092 (Opened 04/05/2024)
Columbia Gas Application To Increase Rates
