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Washington Gas Files Request To Revise STRIDE Surcharge
Form Letter:
Washington Gas Light Company (“Washington Gas” or “the Company”) requests revise its 2024 STRIDE surcharge and update the surcharge inputs based on: (1) the results of the Company’s most recent rate case (Case No. 9704); (2) the incorporation of the STRIDE surcharge roll-in to base rates that was approved in Case 9704; and (3) the Company’s STRIDE Reconciliation for 2023 approved by the Commission in May (ML No. 309526). Incorporation of the updated STRIDE roll-in substantially increases the STRIDE surcharge revenue requirement, and therefore, the STRIDE surcharge for the remainder of 2024. The Company’s filed and approved STRIDE Current Factor for 2024 (ML Nos. 306317, 306792) assumed that STRIDE plant would be based on end of period plant as of July 2023, consistent with the Company’s recent base rate determinations. Ultimately, the Commission adopted a different methodology of rolling STRIDE plant into base rates by using average test year balances for calendar year 2022. This resulted in a substantially larger amount of plant remaining in the STRIDE surcharge than anticipated. The Company anticipated removing approximately $232 million in STRIDE capital expenditures from the STRIDE surcharge while the adopted roll-in methodology removes $153.8 million in capital expenditures. Therefore, the Company proposes to raise the STRIDE surcharge for the remainder of 2024 as shown in the attached.
WGL Letter & Attachment (ML# 310138) (06/07/2024)
9708 (06/16/2023)
Washington Gas Light Company’s Application For Approval Of A New Gas System Strategic Infrastructure Development And Enhancement Plan And Accompanying Cost Recovery Mechanism
