Cascade Natural Gas filed a request for a price increase with the
Washington Utilities and Transportation Commission on April 1. The proposed
increase is for $12.7 million annually over current prices, or a 5.5 percent
overall increase.
If approved, the monthly bill for a residential customer would increase
by an average of $2.83 a month, or about $34 annually. The request is for costs
related to providing service to customers and does not include the cost of
natural gas.
The main reason for the new request is to recover the investments made in infrastructure upgrades, which accounts for about 70 percent of the total request, as well as increased operation and maintenance costs.
The request comes on the heels of state
regulators approving another rate increase to recover costs associated with securing natural gas
supply in the wake of the October 2018 rupture of a Canadian pipeline.
The
state commission approved the company’s request March 28 to recover an
additional $48 million in costs accumulated between Nov. 1, 2018, and Jan. 31,
2019, following the rupture of the Enbridge pipeline that disrupted natural gas
markets throughout the Pacific Northwest.
Under the rates approved March 28, a typical residential customer will see a bill increase of about $4.11. This increase took effect April 1.
The
commission approved the company’s request on the condition Cascade Natural Gas
collect the costs over a three-year period, rather than the two-year period
originally requested.