UGI Utilities, Inc. - Gas Division announced today that it has filed a request with the Pennsylvania Public Utility Commission (PUC) to increase its base rates for residential, commercial, and industrial customers by $99.4 million annually. The proposed increase is aimed at recovering UGI's investment in system upgrades and ensuring the continued safe and reliable delivery of natural gas service.
According to the filing, the rate adjustment is necessary to support ongoing infrastructure improvements and maintenance across UGI's extensive service territory, which spans 46 counties in Pennsylvania and serves more than 700,000 customers. The company emphasized that the requested increase will enable it to modernize its natural gas delivery system, enhance safety measures, and meet evolving regulatory requirements.
UGI noted that the proposed rates would allow the company to recover costs associated with capital investments in pipeline replacements, facility upgrades, and technology enhancements. These investments are critical for reducing methane emissions, improving system resilience, and accommodating customer growth. The company stated that without the rate increase, it would be challenging to maintain the level of service reliability that customers have come to expect.
The filing with the PUC includes detailed justification for the rate hike, outlining the specific projects and operational expenses that necessitate the additional revenue. UGI has requested that the new rates take effect following a standard review process by the commission, which typically includes public hearings and opportunities for customer input.
For more information on the proposed rate increase and the company's infrastructure plans, visit the official announcement at UGI Utilities. The full press release, including downloadable images and bios, is available here.
UGI Utilities, Inc. - Gas Division is a subsidiary of UGI Corporation, a Fortune 500 company. The gas division's service area covers a significant portion of Pennsylvania, providing natural gas to residential, commercial, and industrial customers. The company has a long history of investing in infrastructure to ensure safe and reliable service.
The PUC will review the rate request and consider public comments before making a decision. Customers and other stakeholders are encouraged to participate in the regulatory process. The outcome of this filing will have implications for natural gas rates across UGI's service territory, potentially affecting household budgets and business operating costs.
