Alabama Public Service Commission Issues Order on Mobile Gas Rate Case.Business Editors & Energy Writers MOBILE, Ala.--(BUSINESS WIRE)--Oct. 3, 2001 Mobile Gas Service Corporation, a subsidiary of EnergySouth, Inc. (Nasdaq:ENSI), announced that the Alabama Public Service Commission The Alabama Public Service Commission is a body of three elected members, a President and two Commissioners, who each serve 4-year terms. The President is elected during Presidential elections and the Commissioners are elected during midterm elections. (Commission) had approved rate adjustments which will become effective this month. The Company reported that it requested a $9.2 million annual increase and that, as a result of a settlement with the Attorney General of Alabama The Attorney General of Alabama is an elected, constitutional officer of the State of Alabama. The office of the Attorney General is located at the state capitol in Montgomery, Alabama. Henry Hitchcock was elected Alabama's first attorney general in 1919. , the Commission approved a rate increase of approximately $7.8 million, which would allow the Company the opportunity to earn a rate of return on equity of 13.6 percent. The Company said that falling natural gas prices will more than offset the rate increase, so that the monthly bill for an average residential customer of Mobile Gas will decrease by about 13.7 percent. Mobile Gas said it had also requested approval of a Rate Stabilization and Equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. (RSE RSE Relative Standard Error RSE Responsabilidad Social Empresarial (Spanish) RSE Royal Society of Edinburgh (UK; also seen as TRSE) RSE Rear Seat Entertainment (Volvo) ) tariff, a ratemaking rate·mak·ing n. The practice of establishing rates of payment, as for public transportation or utilities. rate methodology already used by the Commission to regulate certain other utilities, which would allow for periodic rate adjustments in the future. The Company reported that the Commission postponed action on the request, but Mobile Gas and the Alabama Attorney General are in agreement that an RSE tariff would provide for a rate of return from 13.35 percent to 13.85 percent, subject to adjustment by the Commission in certain proceedings. The Commission will conduct a hearing by the end of May 2002 upon Mobile Gas' RSE request. EnergySouth, Inc. is the holding company for a family of energy businesses. Mobile Gas purchases, sells, and transports natural gas to approximately 100,000 residential, commercial, and industrial customers in Mobile, Alabama and surrounding areas. The company also provides merchandise sales, service, and financing. MGS MGS Mars Global Surveyor MGS Metal Gear Solid MGS Microsoft Game Studios MGS Ministry of Government Services (Ontario, Canada) MGS Maryland Geological Survey MGS Malaysian Government Securities MGS Minnesota Geological Survey Storage Services is the general partner of Bay Gas Storage Company, a limited partnership that provides underground storage and delivery of natural gas for Mobile Gas and other customers. MGS Marketing Services provides gas acquisition services for utilities and industrial customers. EnergySouth Services engages in contract and consulting work for other utilities and industrial customers. Southern Gas Transmission is engaged in the intrastate in·tra·state adj. Relating to or existing within the boundaries of a state. Adj. 1. intrastate - relating to or existing within the boundaries of a state; "intrastate as well as interstate commerce" transportation of natural gas. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion