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Hearing Examiners Issued Procedural Order Notice Of Silverpoint’s Final Audit Report On Summit Gas Resource Practices
Re: MEPUC-initiated investigation into management issues at Summit Natural Gas and Maine Natural Gas along with a review of related ratemaking and performance incentive mechanisms.
Of note, Silverpoint: (1) found that, while Summit “appropriately monitors and assesses new open season opportunities, it lacks a formal approach to capacity portfolio planning—one that would allow development of a cohesive strategy for meeting customer demand over an extended period of years”; (2) found that Summit’s “approach to price stabilization has been consistent with industry norms, but may need to be adjusted moving forward given increasing market volatility” ; and (3) recommended that Summit “develop a longer-term strategy for supporting its goals of providing reliable gas supply at stable prices” with “A more rigorous analysis around the utility’s future demand levels.”
Hearing Examiners issued procedural order scheduling Silverpoint audit report presentations.
Hearing Examiners Procedural Order Scheduling Silverpoint Audit Report Presentations (01/12/2024)
2023-00015 (01/31/2023)
