Members of the West Virginia Public Service Commission are considering a tentative settlement in a case that could have caused rate hikes for more than 221,000 Mountaineer Gas rate payers across the state. The settlement, according to the PSC’s Consumer Advocate Division, could result in an actual decrease of customers' rates.
Mountaineer Gas Company filed for a rate increase in January of this year, increasing their base rates by $12.2 million. That increase would have resulted in a nearly 5 percent increase for ratepayers across the state.
An agreement entered Tuesday morning says instead of seeking the 4.7% increase, Mountaineer Gas would seek a 3 percent increase or about $7.7 million in base revenues.