State postpones $14M natural gas rate hike deal, but increase is coming - Wyoming Tribune
State postpones $14M natural gas rate hike deal, but increase is coming | News | wyomingnews.com
The Wyoming Public Service Commission has delayed ruling on a Black Hills Wyoming Gas rate hike for its 133,000 natural gas customers in the state that, if approved, would increase the average monthly bill by $7.25.
Though the three-person commission is generally satisfied with a settlement hashed out between the company and the Wyoming Office of Consumer Advocate that pares down the request from $19.3 million to about $14 million, it had heartache over several provisions within the deal, including how the company markets its Choice Gas program in the state. Commissioners also disagreed among themselves about a proposal to move up implementation of the new rates from February to January.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”