Virginia Natural Gas (VNG) has filed a rate request with the Virginia State Corporation Commission (VSCC) seeking to recover investments made to modernize and improve our gas infrastructure to ensure the delivery of clean, safe and reliable natural gas to more than 310,000 customers in southeast Virginia.
We understand these are challenging times for the Commonwealth as a result of inflation and the effects of the COVID-19 pandemic, and we are mindful of the impacts to our customers. We realize the impact any rate increase can have on our customers, and we do not make this request lightly. These investments are being made for the long-term benefit of our customers and are part of our obligation to provide the safe and reliable service they expect and deserve.
Key drivers in the request include:
Ensuring the safety of every family and business we serve is our highest priority. Virginia Natural Gas is seeking recovery of capital expenditures since the company’s last rate request that include the modernization of pipelines and services, asset protection initiatives and improved record management.
The filing seeks approximately $69 million for the recovery of capital expenditures since the company’s last rate request in 2020. With the adjustment, an average residential customer will see an increase of approximately $12.88/month – depending on their gas usage – beginning January 1, 2023. These are
interim rates and subject to refund based on the final ruling of the VSCC in spring 2023.