Reading, PA – UGI Utilities, Inc. – Gas Division is pleased by today’s Pennsylvania Public Utility Commission (PUC) approval of an equitable settlement, with amendments by Vice Chairman Andrew Place, reached on the company’s base rate case filing. Under the settlement, UGI – Gas Division base rates will increase by $27 million. The base rate increase will go into effect on October 19, 2016.
UGI awaits the entry of the Final Order, and will carefully review the presentation of the added conditions set forth in Vice Chairman Place’s motion.
“UGI believes the settlement represents a fair outcome for both the Company and our customers,” said Robert F. Beard, President and CEO of UGI Utilities. “We are aware that an increase in rates will impact our customers. However, we worked hard to balance that customer impact with providing the means to continue to maintain safe and reliable gas service to the many communities we serve.”
The settlement approved today will change rates charged to UGI Gas Division customers. The typical residential heating customer who consumes 60.8 Ccf (hundred cubic feet) of natural gas per year will see his or her overall bill increase by $4.17 per month, from $59.23 to $63.41, or by 7.0 percent.
The typical commercial customer who consumes 43.9 Mcf [thousand cubic feet] of natural gas per year will see its bill increase by approximately 1.5 percent from $397.79 to $403.58 per month.
The typical industrial customer who consumes 149.8 Mcf of natural gas per year will see its bill increase by approximately 2.2 percent from $1,309.49 to $1,338.90 per month.
Even with this increase, natural gas continues to be an excellent value. The average total bill for customers will be significantly lower than in 2008.
The settlement also includes implementation of an energy efficiency and conservation program. This program provides customers access to a variety of conservation programs, services and tools, including equipment rebate programs and incentives for residential and commercial customers.
In addition to the Company’s new conservation program, UGI reminds customers to take advantage of Company programs that help reduce energy consumption and assist in managing bills. These programs include the free budget billing plan, as well as a suite of customer assistance programs. Customers are encouraged to contact UGI to learn more at 1-800-276-2722 or online at www.ugi.com.
UGI Utilities, Inc. – Gas Division serves 372,000 customers in 16 eastern and southcentral counties in Pennsylvania. Additional information about UGI is available at www.ugi.com on Facebook at www.facebook.com/ugiutilities; and Twitter at www.twitter.com/ugi_utilities.