News Stories
Sponsored by Earth Etch. Regulatory insight and compliance solutions for today’s energy markets.
PUC Issues Order In Rate Case And Establish New POR Discount Mechanic
The Public Utilities Commission of Ohio (PUCO) issued an order establishing new lower base distribution rates for Enbridge Gas Ohio (formerly known as Dominion Energy Ohio and establishes new purchase of receivable (POR) rate.
Excerpts from the press release:
“Today’s order strikes the appropriate balance in setting rates to assure all customers have access to reliable, safe and affordable natural gas service, while paving the way for continued investments in the utility’s system,” stated PUCO Chair Jenifer French.
The Commission determined that Enbridge Gas Ohio should lower rates such that its annual revenues decrease by approximately $26.3 million and established a rate of return of 6.60%.
Average customer bill impacts are not immediately available.
The Commission ordered Enbridge Gas Ohio to file updated tariffs to implement new rates as soon as possible and notify customers within 30 days of today’s order.
The price of the natural gas commodity is not affected by today’s order.”
As background, on October 31, 2023, Enbridge Gas Ohio had filed its application to increase its rates, seeking to increase its annual revenues by about $211 million.
