HARRISBURG, PA – The Pennsylvania Public Utility Commission (PUC) recently voted 4-1 to approve a Joint Petition for Approval of Settlement permitting Valley Energy to increase its annual natural gas operating revenues by approximately $1.1 million (or by 12% over operating revenues at present rates). Valley Energy had proposed an increase in annual operating revenues of $1.6 million (19%). The Settlement reduces the company’s requested overall increase by approximately one third – with an average residential bill including current supply charges for a customer using 76 hundred cubic feet (Ccf) per month increasing 12.2% instead of by 18% as proposed by the company.
The Settlement also allows the company to adjust its residential customer charge to $13.80 per month – an increase from the current customer charge of $12.35. Valley Energy had proposed to adjust its monthly residential customer charge to $14.
Valley Energy serves more than 7,400 natural gas customers in Bradford County, including in the boroughs of Athens, Monroe, Sayre, South Waverly and Towanda as well as the townships of Asylum, Athens, Monroe, North Towanda, Towanda, Ulster and Wysox.
