Public Service Company of North Carolina
Annual Review of Gas Costs
Docket No. G-5 Sub 622
August 18, 2020, 10:00 am
Commission Hearing Room 2115
Dobbs Building, 430 North Salisbury Street, Raleigh
Section 62-133.4 of the North Carolina General Statutes authorizes gas cost adjustment proceedings for natural gas local distribution companies. This statute requires each gas distribution company to file annually with the Commission information that lets the Commission compare its wholesale gas and gas transportation costs with the gas revenues that it has collected from its customers during the 12-month period. The Commission decides whether the gas distributor was prudent as it incurred its gas costs. If prudently incurred gas costs are greater or less than the collected gas revenues, the Commission can order changes to customer rates.
On June 1, 2020, Public Service Company of North Carolina, Inc. (PSNC) filed testimony in this proceeding. The Commission has scheduled this hearing to review PSNC’s gas costs. Public witness testimony will be received at the beginning of the hearing.
The Public Staff of the North Carolina Utilities Commission is investigating this matter on behalf of the using and consuming public.