Utility rates of Cascade Natural Gas will soon have to cut their rates and return all benefits of the 2017 federal tax cut legislation to its customers, following a ruling by the Washington Utilities and Transportation Commission (UTC).
Cascade’s last general rate increase was in 2016.
Regulators settled on a $5.4 million decrease in Cascade’s natural gas annual revenues. The company originally requested a $5.9 million rate increase. Over a 15 month period, beginning Aug. 1, the company will have to repay tax benefits and refund an additional $1.6 million in excess deferred income tax. For residential customers using 55 therms, this will translate to approximately $1.62 less per month, for an average monthly bill of $45.82.
The commission’s settlement also allows Cascade to earn a 7.31 percent rate of return. Cascade had initially requested a 7.6 percent rate of return. The commission received 38 public comments on the rate increase proposal — 37 of them opposed such an increase and one was undecided.
The power industry and policymakers should consider implementing several recommendations now to meet expected supply shortfalls prior to the start…
Looking to cut down on the difficult nature of the work for humans and improve consistency of the outcome, the…
Toledo Edison this month began a massive streetlight conversion project through Sylvania, Ohio, installing the first of 1,650 LED replacements.…
Peter Sena III has been named the new chairman and CEO of Southern Nuclear, a subsidiary of the Southern Company.…
The U.S. Department of Energy’s (DOE) Argonne National Laboratory (ANL) is con structing a research and development (R&D) facility to…
A program that provides a 10 or 20-percentage point boost to the investment tax credit for qualified solar or wind…
This website uses cookies.