National Fuel Receives Service Cost Increase for Pennsylvania.ERIE, Pa. -- On March 23, 2005, the Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York Public Utility Commission (PUC (Public Utility Commission) A regulatory body in every state in the U.S. that governs public utilities within its jurisdiction such as electricity, gas, oil, sewer, water, transportation and telephone service. Some states call it the Public Service Commission (PSC). ) voted to approve a settlement allowing National Fuel Gas Distribution Corporation to raise base rates by $12 million, or 3.45 percent overall, effective April 15, 2005. The Company had requested a $22 million increase on September September: see month. 15, 2004. The PUC's Office of Trial Staff, the state's Office of Consumer Advocate and the Office of Small Business Advocate supported the settlement. The increase will raise the annual bill for a typical residential customer using 105,000 cubic feet of gas to $1,387.62 from $1,332.74. "This change in rates covers the Company's costs to serve customers; service costs account for less than 30 percent of a residential customer's annual bill. Most of a customer's bill can be attributed to gas costs, which have recently been near all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal highs in the energy marketplace," said Nancy Taylor, Senior Manager of Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. . "The Company makes no profit on gas costs; they are passed on to customers on a dollar-for-dollar basis." The settlement also permits National Fuel to expand its Low Income Residential Assistance Program beyond 8,500 participants. The Company currently services over 8,900 low-income customers as a part of this discounted rate program. As part of the settlement, the Company has credited $24,387 to customers for payments they made to CashPoint cash·point n. Chiefly British An automated teller machine. Network Services, Inc., that were not forwarded by the bill processor to National Fuel. The Company also agreed not to file a request for another base rate increase before May 31, 2006. National Fuel services approximately 216,000 customers in 14 counties of northwestern Pennsylvania. |
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