BELLEVUE, Wash.--(BUSINESS WIRE)--Puget Sound Energy today filed a request with Washington state regulators to increase natural gas rates for the upcoming winter season by an overall 1.5 percent, effective November 1, 2013.
If approved by the Utilities and Transportation Commission, the proposed Purchased Gas Adjustment (PGA) will increase a typical household’s natural gas bill (based on 68 therms of average monthly usage over a 12-month period) by 1.4 percent, or $1.07, to $78.55. That is about what PSE customers were paying in 2010. Commercial rates will increase by about 1.6 percent.
The PGA increase reflects a reduction of a credit included in current rates for the cost of natural gas supplies PSE purchased for customers. While domestic supplies of natural gas are abundant, the wholesale price of natural gas has increased slightly in the past year.
The PGA is a UTC-approved mechanism that allows Washington state’s natural gas utilities to periodically adjust rates, up or down, to reflect changes in the price of the natural gas supplies that utilities purchase and deliver to customers. PSE does not financially profit or lose on the cost of natural gas purchased for customers.
Puget Sound Energy is Washington state’s oldest local energy company.
We serve 1.1 million electric customers and more than 760,000 natural gas customers in 10 counties.
For more information, visit www.pse.com.
