WILKES-BARRE, Pa., Oct. 19 /PRNewswire/ -- The Pennsylvania Public Utility
Commission on Friday unanimously adopted the rate settlement agreement reached
by PG Energy, the PUC's Office of Trial Staff, the Office of Consumer
Advocate, the Office of Small Business Advocate and a number of industrial
intervenors.
An administrative law judge recommended PUC approval of the settlement
earlier this month.
In a press release issued at the time of the judge's recommendation, PG
Energy said the new rates would increase the average residential heating bill
by 5.1 percent, or $4.08 a month. Commercial customers using 47,400 cubic feet
of natural gas each month would see their bills increase 1.9% and industrial
users consuming 120,000 cubic feet of natural gas would experience a 0.8%
increase. The rate change affects the customer classes differently due to the
per-unit cost of delivering natural gas to residential, commercial and
industrial customers.
The new rates went into effect Saturday.
The rate increase will provide PG Energy with $7.4 million of additional
annual revenues and allows the Company to recover costs associated with the
maintenance and improvement of its 2,200-mile delivery system.
PG Energy is a regulated subsidiary of Pennsylvania Enterprises, Inc.,
(NYSE: PNT) of Wilkes-Barre. PG Energy delivers natural gas to more than
147,000 residential, commercial and industrial customers in eleven counties in
northeastern and central Pennsylvania. PG Energy is the parent company of
Honesdale Gas Company, a regulated natural gas distribution company that
serves areas of Wayne and Pike counties. The PUC action does dot affect
customers of Honesdale Gas Company.
PEI's nonregulated subsidiaries include PEI Power Corporation, Theta Land
Corporation, and PG Energy Services. Keystone Pipeline Services, Inc., is a
subsidiary of PG Energy Services. PG Energy Services markets energy and
energy-related products and services in a 26-county area of northeastern and
central Pennsylvania under the name PG Energy PowerPlus. In addition to
energy products, PG Energy PowerPlus markets home and business security
systems, fire detection and environmental hazard monitoring systems and
CustomCare, a maintenance and repair plan for natural gas and propane-fired
equipment and appliances.
Company news releases are available 24 hours a day by fax machine or by
visiting the PEI's web site at http://www.pnt.com. To receive a faxed copy of
the company's news release, call 1-800-758-5804 on a touch-tone phone and use
PEI's ID # 684209. Follow the prompted instructions to receive a copy of the
company's most recent release or a menu of earlier news releases. Company
news will be faxed to you immediately without charge.
SOURCE Pennsylvania Enterprises, Inc.
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Related links:
http://www.pnt.com
Company News On-Call:
http://www.prnewswire.com/comp/684209.html or fax,
800-758-5804, ext. 684209
CONTACT:
John Hambrose of Pennsylvania Enterprises,
717-829-8756
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