Columbia Gas Of Pa. Seeks 23 Percent Rate Hike
(AP) – Columbia Gas of Pennsylvania wants the state to approve a 23.4 percent rate hike the utility says will raise $77.3 million a year to help it replace aging pipelines.
If Friday’s request is approved by the Public Utility Commission, the average residential customer's monthly bill would rise from $67.17 to $82.92.
Columbia says it’s the first natural gas company to file for a rate increase under a new state law that makes it easier for utilities to recover costs of distributing gas. The company says it has spent $400 million to replace old pipelines in the last five years.
Columbia Gas has about 414,000 residential, commercial and industrial customers in Pennsylvania.