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Piedmont Natural Gas seeks approval to reduce customer billing rates in North Carolina

CHARLOTTE, N.C.– On Friday, March 16, 2018, Piedmont Natural Gas filed a request with the North Carolina Utilities Commission for a decrease in customer billing rates that would reduce the average North Carolina residential customer’s monthly bill by about 4 percent, or $2.51.

Pending the Commission’s approval, the rate decrease would take effect April 1.

Piedmont is requesting this rate decrease in accordance with a rate mechanism approved by the Commission. Piedmont files a request to adjust its residential and commercial billing rates twice each year, on April 1 and November 1. This semiannual rate adjustment protects our customers and allows Piedmont to appropriately recover costs to operate its system reliably and safely.

If approved as requested, billing rates would decrease as follows by customer type:

Residential service: $0.51 per dekatherm
Small general service: $0.27 per dekatherm
Medium general service: $0.24 per dekatherm
This semiannual rate adjustment is separate from occasional rate adjustments to reflect changes in the commodity price of the natural gas that Piedmont purchases for its customers. Piedmont’s most recent change to its cost of gas was a decrease effective February 2018. By law, Piedmont is not allowed to mark up the cost of natural gas and must pass through the actual cost on a dollar-for-dollar basis.

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