Requested two-phase Oregon natural gas decrease equals 10.1% for residential customers
We’ve got good news to share about natural gas rates for our 96,000 Oregon customers. Today Avista filed requests
with the Public Utility Commission of Oregon for a natural gas rate decrease for Oregon customers in the coming months.
Each year, we propose to adjust rates our customers pay
so that customers’ bills reflect our actual costs of purchasing natural gas and generating and purchasing electric power. Today’s requested rate reductions are largely due to lower natural gas wholesale prices, which is good news for our customers.
If you are a customer in Oregon, you have been seeing the benefits of increased natural gas supply and lower prices for some time. If this request is approved, including other rate adjustments proposed by Avista and approved by the commission, you could see your rates decrease to near-2004 levels. If today’s requests are approved by the Commission, you would see two rate decreases: the first beginning Nov. 1, 2012, and the second beginning Jan. 1, 2013.
If the requests are approved and you are a residential customer using an average 47 therms a month, you could expect your bill to decrease by $5.78, or 9.3%, for a revised monthly bill of $56.22 beginning November 1, 2012. You would see an additional decrease of $0.50, beginning Jan. 1, 2013, for a total decrease of $6.28, or an overall decrease of 10.1%, for a revised monthly bill of $55.72. Other customer groups could also expect decreases in a similar range.
Learn more about this Oregon natural gas rate decrease request in news release
we just issued.