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Ohio allows rate increase for natural gas delivery
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COLUMBUS, Ohio - The Public Utilities Commission of Ohio has approved a rate increase for Columbia Gas, the state's largest natural gas utility with about 1.4 million customers in 60 counties.
In total, Columbia customers will pay an extra $47.1 million per year. The company had wanted $87.8 million.
The increase covers delivery costs and will be phased in over two years. The cost of the natural gas itself was not an issue.
The new pricing formula reflects a higher share of delivery costs covered by flat fees and a decrease in the share that is based on gas usage.
The PUCO action will increase the monthly customer charge from $6.50 to $12.16 in the first year, and to $17.81 in the second year.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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