From staff reports
National Fuel Gas Distribution Corp. is requesting a rate increase of about $6.50 in the monthly bill of a typical residential customer.
The utility has submitted to the Public Utility Commission its annual adjustment to gas supply charges that took effect Monday, and the adjustment would raise the bill for a customer with annual usage of 101,100 cubic feet of gas by $6.44 from $78.72 to $85.16.
Gas supply costs are passed along to customers dollar for dollar, with no mark-up or profit to National Fuel.
While gas prices are trending higher compared to the prior two years, National Fuel’s purchasing strategy and use of storage gas will limit any further volatility or price spikes that could result from a colder than normal winter or cold spike, the press release said.
