Charlston, w. va. – In the latest Hope Gas acquisition all the parties have reached a disposal in principle and will enter those details with the State Public Service Commission in the next two weeks.
Kurt chrigger
Hope Gas announced plans to receive service for a total of 460 customers in the last October last October, which was currently served by Standard Gas Company and Bezel Gas Company and McIntosh Oil & Gas, Inc. And Ross and Wharton Gas, 70 customers of the company and 70 customers, company, company, company, company, company, company, company, company, company, Co..
In a hearing before PSC on Wednesday, Hope Gas Attorney Kurt Cryger stated that disposal involves frequent pricing through the next scheduled rate for hope.
“In both cases, the base and PGA (purchased gas adjustment) rates are in line with our pre -acquisitions, and the base rates they pay until the effective date of the next set of the base rates of the Hope remains,” Crieger said.
During that period, Cryger stated that Hope agreed to increase his contribution to the West Virginia Utility Assistance Program, Dollar Energy Fund.
“Hope Gas, Inc., has agreed to make an additional contribution to the dollar energy funds for the inheritance overload revenue of standard and bezel customers through that period, namely, until the heritage surcharge does not end with the effective date of the next base rates,” Crude said.
Settlement will also include assurance that standard wells, which produce 14%, will be reserved to customers in acquisition to reduce concerns about gas supply.
“Standard current owners who will continue for their own standard as it is an asset acquisition,” said Criger. “They will commit the wells that currently make 14 percent for customers.”
State consumer advocate Robert Williams said that his office is giving the right to look at the final numbers before the customers agree with the increase in the increase.
PSC President Charlotte Lane told all parties that they expected more information about settlement, but said that she would expect to look at the details when the settlement details are released in two weeks.
A clear hearing in the case was scheduled on Wednesday, but it was reduced by the declaration of proposed disposal.