National Fuel Filed Rate Case with the Pennsylvania Public Utility Commission
June 15 2006 - 8:00AM
Business Wire
On June 1, 2006, National Fuel Gas Company (NYSE: NFG) ("National
Fuel") announced that National Fuel Gas Distribution Corporation
("Distribution"), the Utility segment of National Fuel, filed a
request with the Pennsylvania Public Utility Commission (PUC) to
increase annual operating revenues by $25,892,000 to cover
increases in the cost of providing service to the Utility's
customers in northwestern Pennsylvania. The Pennsylvania division
serves approximately 214,000 customers in 14 counties in
northwestern Pennsylvania. If approved as filed, the average bill
for a typical residential customer using 83 hundred cubic feet of
gas per month would increase $9.95, from $143.97 to $153.92 per
month or by 6.9% and would be effective July 30, 2006. The
requested increase would impact the Delivery Service Charges
portion of a customer's bill. Several factors are driving this
request. They include increases in the costs associated with
Distribution's ongoing construction program as well as increases in
difficult-to-control costs such as uncollectible accounts. The PUC
will examine the requested rate increase, and may grant all, some
or none of the request. Under normal circumstances, the proposed
increase in rates would be suspended by the PUC for up to seven
months to become effective about February 28, 2007. National Fuel
Gas Distribution Corporation, the Utility segment of National Fuel
Gas Company, provides natural gas service to more than 500,000
customers in western New York and more than 200,000 customers in
northwestern Pennsylvania. For more information about the proposed
rate increase, visit www.nationalfuelgas.com and see 'Customer
Publications' under the 'For Home' section of the website. National
Fuel is an integrated energy company with $3.9 billion in assets
comprised of the following five operating segments: Utility,
Pipeline and Storage, Exploration and Production, Energy Marketing,
and Timber. Additional information about National Fuel is available
at www.nationalfuelgas.com or through its investor information
service at 1-800-334-2188.
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