Unitil seeks $7M gas distribution base rate hike in Maine | Utilities Message Board Posts

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Msg  1127 of 1216  at  7/6/2019 11:15:08 AM  by

jerrykrause


Unitil seeks $7M gas distribution base rate hike in Maine

 
from SNL Daily Gas Report
 
Unitil seeks $7M gas distribution base rate hike in Maine

BYLINE: Edwin Vladimir Mengullo
 

Unitil Corp. asked the Maine Public Utilities Commission for approval to raise its natural gas distribution base rates by $7.0 million to recover continued infrastructure investments for safety and reliability improvements.

The proposed rate hike of about 7% over total 2018 operating revenue could add approximately $9.90 per month, or about 9.3%, to a typical residential customer's monthly bill, according to a June 28 news release. The new rates would take effect Aug. 1 if approved by the commission. The utility, however, expects a commission suspension period until April 1, 2020.

Also included in Unitil's filing is a proposal for an alternative rate mechanism called the capital investment recovery adjustment, which would enable the utility to recover costs related to non-growth capital projects, including relocations, upgrades or replacements of existing distribution facilities.

Unitil is a public utility holding company serving about 82,700 natural gas customers. The utility operates in Maine, New Hampshire and Massachusetts.



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