The Pennsylvania Public Utility Commission (PUC) has approved a joint settlement with UGI Utilities’ Gas Division that will phase in a rate increase over two steps and at a substantially smaller rate than the company originally requested.
The joint settlement allows for a $38 million increase in UGI revenues, effective Oct. 29,2022 to be followed by an additional $11.45 million increase, effective Oct. 1, 2023.
The PUC said under the terms of the settlement, the average bill for a residential customer using 73.1 cubic feet per month of natural gas will increase from a current bill of $92.49 per month to $96.93, effective Oct. 29, 2022 – and rise to $98.21, effective Oct. 1, 2023.
That two-step process will result in a total increase in the average bill of $5.71 (6.2%) between now and October 2023, compared to a $9.39 per month (9.5%) increase that was included in UGI’s initial request.
The settlement also includes enhancements to UGI’s customer assistance and universal service programs, including:
UGI provides natural gas service to approximately 672,000 residential, commercial, and industrial customers in over 45 counties across Pennsylvania.