Missouri Public Service Commission

JEFFERSON CITY---To reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment (ACA) factor, Liberty Utilities (Midstates Natural Gas) Corp. d/b/a Liberty Utilities customers will see natural gas rates decrease under a filing that takes effect on December 3, 2023.

The ACA factor is a mechanism which tracks any over-collection or under-collection of actual natural gas costs over a 12 month period. The net over- or under-collected balances are subsequently either refunded or collected the next year.

Northeast District: Residential customers currently pay approximately $0.98 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will decrease to approximately $0.55 per Ccf. Liberty Utilities serves Northeast District customers in the Missouri counties of Clark, Lewis, Knox, Marion, Pike, Ralls and Scotland.

West District: Residential customers currently pay approximately $1.28 per Ccf of natural gas. Under this filing, the rate will decrease to approximately $0.87 per Ccf. Liberty Utilities serves West District customers in the Missouri counties of Bates, Cass, Henry and St. Clair.

Southeast District: Residential customers currently pay approximately $0.94 per Ccf of natural gas. Under this filing, the rate will decrease to approximately $0.49 per Ccf. Liberty Utilities serves Southeast District customers in the Missouri counties of Butler, Cape Girardeau, Dunklin, Iron, Mississippi, New Madrid, Pemiscot, Ripley, Scott, Stoddard and Wayne.

Kirksville District: Residential customers currently pay approximately $0.92 per Ccf of natural gas. Under this filing, the rate will decrease to approximately $0.54 per Ccf. Liberty Utilities serves Kirksville District customers in the Missouri counties of Macon, Adair and Schuyler.

The cost of natural gas from wholesale suppliers generally makes up approximately 50% to 55% of a customer’s total monthly natural gas bill. The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission. The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather. The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.

Liberty Utilities serves approximately 52,460 natural gas customers in Missouri.

-30-

Case No. GR-2023-0253