National Fuel Gas earnings, deferrals soar Fate of low-income discounts uncertain

The Buffalo News: National Fuel near settlement on ‘excess’ profit probe

The Buffalo News — A potential settlement could be close in the state Public Service Commission’s rate case with National Fuel Gas Co. and its probe into whether it should recover “excess” profits that the Amherst-based utility earned over the last few years and refund them to customers. Six of the seven parties involved in Read more…

Pin It

The Buffalo News: National Fuel Blocked By Judge In Excess Earnings Case

The Buffalo News ––A State Supreme Court justice has shot down – at least for the time being – National Fuel Gas Co.’s legal efforts to prevent state regulators from potentially refunding “excess” earnings by the company in the last few years to its customers.National Fuel had sued the New York State Public Service Commission, Read more…

Pin It

ALJs Rule that Refund Statute May Apply in National Fuel Gas Rates Proceeding (New York’s Utility Project)

Background In the pending proceeding to review natural gas rates of National Fuel Gas Distribution Company, the New York Public Service Commission set temporary rates subject to refund prospectively from the date of its order. In addition, in light of apparent over earnings in the past, the PSC asked the Administrative Law Judges to examine Read more…

Pin It

PSC Power to Order Refund of Earnings Above Authorized Return at Issue in National Fuel Case (New York’s Utility Project)

In the pending National Fuel Gas Distribution Company case the New York Public Service Commission set temporary rates when it found that NFG may be earning more than anticipated when rates were last set in 2007. A proceeding at the PSC is now underway to fix permanent rates, which will be effective as of the Read more…

Pin It

PSC Begins Proceeding to Review and Possibly Reduce National Fuel’s Natural Gas Rates, based on Estimate of 13.15% ROE Under Current Rates (New York’s Utility Project)

The PSC has issued an order to show cause commencing a rate review proceeding to review reasonableness of the rates, terms and conditions of service of National Fuel, which serves  natural gas customers in the Buffalo area.  The Commission order indicates the possibility that the rates, last set by PSC order in 2007, are now Read more…

Pin It