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PUC To Investigate Rate Increase Request By Peoples Natural Gas
The Pennsylvania Public Utility Commission (PUC) today voted to suspend and investigate a proposed rate increase by Peoples Natural Gas Company LLC (Peoples Gas) for natural gas distribution services within its Peoples Natural Gas Division (PNGD) and Peoples Gas Division (PGD).
The Commission voted 5-0 to investigate Peoples Gas’ proposal to increase annual revenue by $156 million (18.7%). Under the proposed filing, a PNGD residential customer bill using 80 Mcf will increase from $73.16 to $88.79 per month (21.4%) and a PGD residential customer bill using 80 Mcf will increase from $84.00 to $90.35 per month (7.6%).
Additionally, in its filing Peoples Gas stated that tariff changes include the merger of the rate districts for PNGD and PGD, the addition of a weather normalization adjustment, and changes to several existing tariff riders including the Tax Repairs Surcredit, Tax Cuts and Jobs Act Surcharge, and the Allegheny Valley Capacity Charge.
Based on today’s action by the Commission, the rate increase request is now suspended for up to seven months from the proposed effective date of February 27, 2024, and will be assigned to the PUC’s Office of Administrative Law Judge for investigation and a recommended decision. More information on the ratemaking process is available on the Commission’s website.
Order (01/18/2024)
R-2023-3044549 (01/05/2024)
