PUC to investigate UGI’s natural gas rate increase request
The Pennsylvania Public Utility Commission voted 5-0 Thursday to suspend and investigate a proposed UGI gas rate increase.
UGI Utilities Inc.’s Gas Division is seeking the increase for natural gas distribution service to some 690,000 residential, commercial and industrial customers in 46 counties.
The PUC’s action provides time for a full investigation into the proposed rates, as well as UGI’s existing rates, rules and regulations, the commission said. The case will be assigned to the PUC’s Office of Administrative Law Judge for evidentiary hearings. A final PUC decision is due by Oct. 29.
UGI filed the request Jan. 28 to increase annual operating revenues for its natural gas distribution service of about $99.368 million, an 8.05% increase. Under the proposal, the average monthly bill for a residential customer using 68.7 hundred cubic feet of natural gas would increase to $123.55 per month, from $113.64, or 8.7%.
The PUC said details on upcoming public input hearings on the proposed rate changes will be announced in coming weeks.