Summit Gas Rates Approved By PSC

pscIf you’re served by Summit Natural Gas, depending on where you live, your rates are about to go up. The Missouri Public Service Commission has just approved two rate increases for Summit after reviewing submissions by the company. Greg Ocho from the PSC says the big changes won’t affect the Lake of the Ozarks region:

Ocho says the changes the Lake will see deals with the cost of Wholesale Gas

The rate change for just the Lake of the Ozarks region will be 9 Cents. The other charges do not affect the majority of lake residents with the exception of the city of Warsaw. All of the changes go into effect on November 1st. The full releases and the Interview with KRMS can be found below:

Release 1:

Missouri Public Service Commission

Governor Office Building

200 Madison Street

PO Box 360

Jefferson City, Mo. 65102-0360

Contact: Kevin Kelly — 573-751-9300

 

Follow us on Twitter:  www.twitter.com/MissouriPSC

 

JEFFERSON CITY—To reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment (ACA) factor, Summit Natural Gas of Missouri, Inc.’s Lake of the Ozarks system customers will see natural gas rates change under a filing that takes effect on November 1, 2014.

 

The ACA factor is a mechanism which tracks any over-collection or under-collection of actual natural gas costs over a 12 month period.  The net over- or under-collected balances are subsequently either refunded or collected the next year.

 

Residential customers currently pay approximately $0.55 per Ccf (per hundred cubic feet) of natural gas.  Under this filing, the rate will increase to approximately $0.64 per Ccf—an increase of approximately $0.09 per Ccf.

 

Approximately 55% to 60% of a customer’s current natural gas bill reflects the cost of natural gas from wholesale suppliers.  The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission.  The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather.  The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.

 

Release 2:

 

Missouri Public Service Commission

Governor Office Building

200 Madison Street

PO Box 360

Jefferson City, Mo. 65102-0360

Contact: Kevin Kelly — 573-751-9300

 

Follow us on Twitter:  www.twitter.com/MissouriPSC

 

A SECOND CHANGE IN RATES TO REFLECT GAS COST CHANGES

 

JEFFERSON CITY—The Missouri Public Service Commission has issued its decision in a Summit Natural Gas of Missouri (SNG) rate case authorizing the company to increase annual natural gas revenues by approximately $7 million for service on and after December 1, 2014.  The Commission’s vote in the rate case was 5-0.

 

SNG customer rates will also be impacted by a Purchased Gas Adjustment (PGA) filing reflecting natural gas costs that will take effect for service on November 1, 2014.

 

SNG’s rate case filed on January 2, 2014, reflects the company’s non-gas costs.  Non-gas costs are operating and maintenance expenses and a return on investment in plant (such as natural gas mains and service lines that carry natural gas to the customer’s home or business).  The rates that wholesale suppliers charge SNG for natural gas are not regulated by the Missouri Public Service Commission and are collected through the Purchased Gas Adjustment and appear separately on the customers’ bill.

 

The Commission’s decision reflects the natural gas company’s increased costs of providing service to its customers.  When the natural gas company filed its $7.5 million request in January 2014, SNG cited increased operating expenses and the construction of new service facilities as reasons for seeking a rate increase.

 

As part of the decision, the Commission set SNG’s return on equity (ROE), or profit margin, at 10.8 percent.  In this rate case, SNG sought an ROE of 12 percent.

 

Under the Commission’s decision, SNG will implement a low income weatherization program and an Energy Efficiency Advisory Group will be formed with the goal of working toward the development and implementation of a viable energy efficiency program.

 

In a second case involving a customer’s total monthly bill, rates will change, effective November 1, 2014, to reflect estimated changes in the wholesale cost of natural gas as well as a change in SNG’s Actual Cost Adjustment (ACA) factor.

 

The ACA factor is a mechanism that tracks any over-collection or under-collection of actual natural gas costs over a 12 month period.  The net over-or under-collected balances are subsequently either refunded or collected the next year.  All natural gas companies under PSC jurisdiction make such a filing with the Commission at this time of the year.

 

As a result of these two cases, the PSC Staff estimates that a typical residential customer will experience the following approximate annual increase in their total natural gas bill under normal weather conditions: Rogersville $348; Gallatin $416; Warsaw $520; and Branson $456.

 

SNG Natural Gas of Missouri provides natural gas service to approximately 15,000 customers in Missouri.

 

 

Summit Natural Gas serves approximately 500 natural gas customers in its Lake of the Ozarks system.

Warsaw Looks At A Facilities Reviewer

warsaw schoolThe Warsaw R-9 School Board of Education met recently to discuss the budget and take a look at proposals for a district facilities reviewer. Superintendent Scott Downing recommended to the board that the school district should look for a qualified provider to review all the district facilities and prioritize needs and financial planning, to which the board agreed. During the meeting, a MSBA Representative updated the board on an upcoming meeting in Stockton’s school district on the 11th of November as well as a committee now working on drafting new Missouri Learning Standards. The board will now review the submitted budget for 2014-2015 and will officially adopt it sometime this fall.

Cole Camp Ready To Work On Budget

MoneyThe city of Cole Camp is ready to discuss the budget and set a date of November 10th to do it. Board members discussed having managers from each department submit a wish list along with a reality list on what they think should be on next year’s budget. Additionally, the city discussed the option of replacing some of their older vehicles and public works announced that the sewer project is working properly at this time.

Camden Commission Meet Twice On Thursday

3734571-Camden_County_Courthouse_Camdenton_Missouri_CamdentonThe Camden County Commission has been busy this week with several local meetings filled with activities. The commission will hold 2 special meetings that are open to the public. The first takes place starting at 10am with a public comment period in addition to the acceptance of the E-911 Bids and a change in a Road Name. Then at 10:30 the commission will go into closed session to discuss personnel matters. Later in the day the commission will meet at 1pm with the Ball Parks of the Ozarks commission. Both meetings will take place at the county Courthouse in Camdenton.

Couple Facing Charges For Child Abuse

arrestA Laclede county couple is facing criminal charges after allegedly admitting that they physically abused their two children. 28 year old Richard Tubb told police that he hit his two children in the head with a hammer as punishment while his wife, 23 year old Brittny Tubb admitted biting one of them for the same reason. Richard Tubb has been charged with two counts of second degree domestic assault and two counts of armed criminal action while his wife is charged with second degree domestic assault after police found facial bruises on both kids and a bite on the boy’s arm.

LANEG Makes Another Drug Arrest Tuesday

drug arrestsA Laclede county couple has been arrested by the lake area narcotics enforcement group. Police responded Monday to the 18 thousand block of gateway road with a search warrant where they found methamphetamine, marijuana, pills and drug paraphernalia. Timothy and Tasha Owens are both charged with felony possession of a controlled substance with intent to distribute. Both were booked into the Laclede county jail.

Camelot Sewer Meeting November 11th

wastewater facilityThe Lake of the Ozarks Council of Local Governments is conducting a feasibility study to explore the probability of expanding the Camelot estates sewer district. The purpose of the study is to understand the current capacity of the sewer treatment plant and identify its future potential. The study will also analyze the overall costs and benefits to both current and future customers. As part of the assessment process, several public meetings will be held to share findings and gather input from the public. The first meeting is scheduled for November 11th.