The Kentucky Public Service Commission (PSC) issued an order approving a proposed settlement with some modifications and allowing Columbia Gas of Kentucky (Columbia), a subsidiary of NiSource Inc. (NYSE: NI), an increase in total revenues of about $13 million, or 14 percent. Columbia Gas officials have accepted the modifications outlined in the PSC’s order.
“We have accepted the PSC’s modifications and are implementing these new rates in order to continue our focus on safety for the community, our customers, and our employees,” said Columbia Gas of Kentucky President Herbert A. Miller, Jr. “Our customers and our communities rely on the safety and reliability of our system and the well-trained staff that stands ready to serve them 24 hours a day, 365 days a year,”
With the Dec. 22 order, the monthly customer charge for residential accounts will increase from $15 to $16, effective December 27, 2016. The volumetric delivery charge for residential customers will increase from $2.2666 to $3.5665 per 1,000 cubic feet (Mcf) of natural gas consumed. These changes apply only to the delivery charge portion of a customer’s bill and translate to an increase of $5.95 on an average residential customer’s monthly bill, based on annual average consumption.
Along with these changes, the current charge for Columbia’s Accelerated Main Replacement Program (AMRP) will be reset to zero. The AMRP is Columbia’s proactive approach to replace aging infrastructure. To date, Columbia has invested approximately $92 million and replaced approximately 108 miles of aging main lines and associated service lines.
For more information on the new delivery rates, please visit www.ColumbiaGasKY.com/rates