RICHMOND — The State Corporation Commission (SCC) has
accepted the terms of a stipulation that means customers of Virginia Natural Gas
will pay less for natural gas delivery service than the company originally requested.
Customers whose monthly bills were higher under interim rates in effect since October
1, 2011, will be due a refund with interest.
Virginia Natural Gas originally requested an increase in annual operating revenue
of $25.1 million that would have resulted in a monthly increase for residential
customers of about $6 for the average residential customer. Upon review, the company,
the SCC staff, the office of the Attorney General and other interested parties settled
a number of issues. The Commission accepted the stipulation that provides the company
approximately $11.3 million in additional annual revenue.
For the average residential customer using 51.2 Ccf (hundred cubic feet) of gas
in a month, the bill will increase by $3.47.
Virginia Natural Gas serves more than 275,000 customers in southeast Virginia.
Case Number PUE-2010-00142