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New base rates for Ohio Valley Gas (OVG) were approved on December 5, 2012.
In its 17-page order, the Indiana Utility Regulatory Commission (IURC) approved a settlement agreement between OVG and the Indiana Office of Utility Consumer Counselor (OUCC).
Under the agreement, the utility's monthly $14.50 residential customer charge will not change. Increases to volumetric parts of the base rate will vary by service territory. The order will provide OVG with approximately $3.6 million in new annual revenues (compared to the $4.5 million OVG originally sought and the $2.9 million recommended in the OUCC's July 2012 testimony).
Additional case documents are available by viewing the IURC's public file and entering docket number 44147.
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