FOR IMMEDIATE RELEASE -- June 26, 2013
Contact: Kevin Kelly (573) 751-9300
PSC Approves Unanimous Agreement Calling For No General Rate Increase For Laclede Gas
JEFFERSON CITY---Laclede Gas Company customers will see no increase in their overall natural gas bill under an agreement unanimously approved today by the Missouri Public Service Commission. The agreement, submitted by consumer advocates, the PSC Staff, Laclede and large customers of Laclede, resolves all issues in a rate case filed by the natural gas utility on December 21, 2012.
Laclede’s December general rate case filing with the Commission sought to increase annual natural gas operating revenues by approximately $58.4 million (which included approximately $14.8 million already collected from customers through the company’s Infrastructure System Replacement Surcharge or ISRS). Under the company’s proposal, the average increase for residential customers would have been approximately $4.34 a month.
Under the agreement approved by the Commission, there will be no general rate increase for Laclede customers. The volumetric rate will be changed to reflect the $14.8 million that is already included in customer bills through the ISRS charge. Residential customers currently pay an ISRS of $1.82 a month. The ISRS will be re-set to zero effective September 1, 2013.
Laclede’s current experimental Low-Income Energy Assistance Program will continue under the agreement. In addition, Laclede will continue various Conservation and Energy Efficiency Programs. These programs include: Low-Income Weatherization and Residential High Efficiency Rebate Programs, a Pilot Residential Personal Energy Report and Online Energy Audit, Commercial/Industrial Rebate Programs and a Building Operator Certification Program.
The agreement approved today was filed for Commission consideration on May 31, 2013. All of the parties in the rate case either agreed to the agreement or indicated that they did not oppose the agreement.
Laclede Gas Company provides natural gas service to approximately 628,500 customers in the City of St. Louis as well as the Missouri counties of St. Louis, St. Charles, Butler, Iron, Franklin, Jefferson, Madison, Crawford, St. Francois and Ste. Genevieve.