Puget Sound Energy seeks natural gas rate increase

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Gas industry, gas transmission system

Photo courtesy of instituteforenergyresearch.org

BELLEVUE — Puget Sound Energy has requested a rate hike for natural gas customers that includes residential and commercial users.

While this winter’s forecast for our area calls for slightly colder conditions, the rate hike request is based not on the weather, but on wholesale natural gas supplies.

Puget Sound Energy (PSE) filed a request with the Washington Utilities and Transportation Commission on Tuesday, seeking a 1.5 percent increase for residential users and 1.6 percent increase for commercial customers, the utility’s website reported.

PSE said that the rate hike will increase a typical household’s monthly natural gas bill by $1.07 to $78.55, That is approximately what PSE residential customers were paying in 2010.

The utility said the increase reflects “a reduction of a credit included in current rates for the cost of natural gas supplies that PSE purchased for customers. While domestic supplies of natural gas are abundant, the wholesale price of natural gas has increased in the past year.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

1 Comment

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.