PUCO Schedules Hearing on Dominion Energy 30% Gas Rate Hike - INCREASED GAS RATE IS POSSIBLE
[A substantial gas rate increase on the delivery part of your Dominion Energy Gas bills could coming to your monthly bills!]_Dominion Energy is seeking is a substantial gas rate increase on its delivery charges to your monthly bills. Find out what you can do to pay less!_
On April 2, PUCO is holding a public hearing about the proposed DOMINION ENERGY [https://www.ohenergyratings.com/companies/dominion] rate increase. With the rising cost of living across the US, this does spark some concerns. The OHIO CONSUMER’S COUNCIL (OCC) [https://www.occ.ohio.gov/] is opposing the rate increase for several reasons. Because of its size, we’re going to talk about why DOMINION is seeking a rate increase, and how it may affect your natural gas bills.
COST RECOVERY IS HIKING GAS RATE
This rate increase is asking around 30% more for distribution costs. This for the infrastructure and not the cost of the gas itself, which is at a significant low right now [https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm]. DOMINION has put in a substantial amount of money into its systems, however, this hike would add about $100 extra to your natural gas bill every year. But, DOMINION hasn’t asked for a rate increase since 2007. And I think we all agree things now are very different than they were back then. On the other hand, $100 extra every year is a lot of money. And that’s not everything DOMINION wants to chan...
