Washington Pending Rate Cases
Pending Rate Cases
Cascade Natural Gas on June 19, 2020, filed a natural gas price increase request with the Washington Utilities and Transportation Commission. The proposed increase is for $13.8 million annually over current prices, or a 5.3% overall increase.
The main reason for the request is to recover the investments made in infrastructure upgrades, as well as increased operation and maintenance costs.
For an average residential customer using 56 therms per month, the increase is about $2.86 per month, or about $34 annually.
We understand that, considering Covid-19 and the hardships it has created, customers may question the timing of our request. The company invested about $66.1 million prior to the onset of the virus. The investments were mainly related to ensuring the safety and reliability of our system, and recovering that investment is important for ensuring the financial strength of the company. This filing is just the start of a very long regulatory process. The UTC has 11 months to review the filing and if it approves a price increase, it would not be implemented until May 2021.
Making a request to increase prices is something the company does not take lightly and does its best to balance the cost to customers with the amount of investment necessary to ensure safe and reliable service.