Columbia Gas of Ohio received unanimous approval Dec. 3 from the Public Utilities Commission of Ohio of in an agreement which settles the company’s rate case.

As a result of the PUCO’s action, Columbia will be able to provide residential and small business customers with new tools to conserve energy, provide low-income customers extra help in managing and paying their

heating bills and make investments which will boost the safety and reliability of the company’s natural gas-delivery system, according to the company.

The settlement was reached in October and was agreed to by Columbia, the Office of the Ohio Consumers’ Counsel, the staff of the PUCO, Ohio Partners for Affordable Energy and other parties.

The PUCO decision allows Columbia to collect an additional $47.1 million in annual revenue, its first base rate increase in 14 years. The typical residential bill would increase by about $2.50 per month, or 2.6%, effective Dec. 3, 2008.

This entry was posted on Wednesday, December 3rd, 2008 at 4:45 pm and is filed under Community, Utilities.
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