Public Service Company of North Carolina
Annual Review of Gas Costs
Docket No. G-5 Sub 635
August 10, 2021, 10:00 am
Remote Via Webex
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, 2021, 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. People who want to participate as public witnesses will do so by telephone and must register in advance by 5:00 p.m. on Monday, August 2, 2021. You can register by calling the Public Staff at 919-733-6110 or by emailing them at PublicHearings@psncuc.nc.gov. When registering, provide your name, the docket number G-5 Sub 635, the telephone number you will be calling from to give testimony, and the topic of your testimony. People who simply want to observe the hearing may do so via a link that will be available on this website the day of the hearing.
The Public Staff of the North Carolina Utilities Commission is investigating this matter on behalf of the using and consuming public.