PURCHASED GAS COST RATE
On July 31, 2024, Mountaineer made a filing with the PSC to reduce the current Purchased Gas Cost rates by approximately $1.81per Mcf for residential and general service customers. The proposed rates are $3.460 per Mcf for residential customers and $5.308 per Mcf for general service customers. Mountaineer has proposed to keep the residential pipeline demand charge the same at $11.08 per month.
Based on average annual usage of 72 Mcf for a residential customer, the annual savings will be $130.20, or $10.85 per month on average. On October 4, 2024, the PSC approved the Purchased Gas Cost rates and the monthly pipeline demand charge for residential customers as interim rates effective November 1, 2024.
The Company’s cost for purchasing natural gas is reviewed annually by the PSC, and any changes are passed through to customers with no markup or profit margin. These costs include charges for natural gas, transportation, and storage.