EYEWITNESS LOCAL NEWSMOUNTINEER GAS RULING
from Eyewitness News Online
Public Service Commission Rules To Decrease Mountaineer Gas Rates
Reported by: Bethany Simmons
Web Producer: Bethany Simmons
Reported: Oct. 31, 2012 4:21 PM EDT
Updated: Oct. 31, 2012 4:42 PM EDT
Charleston , Kanawha County , West Virginia
Mountaineer Gas customers will pay about $5.25 less per month after a ruling by the Public Service Commission.
The commission ordered a decrease in Mountaineer’s rate for recovering its purchased gas costs. Due to the concurrent decrease in Mountaineer’s purchased gas adjustment, residential customers will see an average savings of about $5.25 or just more than 8 percent on their monthly bill.
The PSC's ruling will allow the company to increase its revenue by more than $6.2 million or about 2.5 percent. Mountaineer requested an increase of $12,187,218 or about 5 percent.
The natural gas utility’s base rate typically accounts for about one-third of a customer’s gas bill and covers all the company’s expenses to deliver natural gas to its customers except for the cost of purchased gas. The base rate includes an allowance for a return on the company investment, costs of repair, improvement and maintaining utility property, taxes and depreciation.
Mountaineer Gas serves about 218,000 customers in 49 of West Virginia's 55 counties.
For more information, log onto the commission website at www.psc.state.wv.us.
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