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PUCO Accepts Results Of CenterPoint’s Natural Gas Supply Auction
Excerpts from the PUCO Press Release:
{***} “The Public Utilities Commission of Ohio (PUCO) today accepted the results of CenterPoint Energy Ohio’s auction for its standard choice offer (SCO). The auction secured natural gas supplies for CenterPoint’s customers from April 1, 2025, to March 31, 2026, and established a retail price adjustment of $0.22 per hundred cubic feet (ccf). This year’s retail price adjustment is $0.09 per ccf more than the 2024 retail price adjustment.
CenterPoint’s SCO rate changes monthly and is calculated as the sum of the retail price adjustment, plus the New York Mercantile Exchange (NYMEX) month-end settlement price. The price adjustment reflects the winning bidders’ estimate of their cost to deliver natural gas from production areas to CenterPoint’s service area.
On January 21, 2025, a single auction was conducted to establish the rate for the SCO customers. Bids were submitted by natural gas suppliers based on fixed adjustments to the NYMEX settlement price. The names of the winning bidders will remain confidential for 15 days to protect the suppliers’ positions in contract negotiations with pipeline companies.” {***}
Finding and Order (01/22/2025)
Finding & Order authorizing CenterPoint Energy Ohio to file tariffs that incorporate the rate resulting from the auction to procure natural gas supply for standard choice offer customers.)
25-0120-GA-UNC
Vectren Energy Delivery of Ohio, LLC d/b/a CenterPoint Energy Ohio
