 PUCO accepts results of Columbia Gas of
Ohio auction
COLUMBUS, OHIO (Feb. 27,
2013) –The
Public Utilities Commission of Ohio (PUCO) today approved the results of Columbia
Gas of Ohio’s auction for its standard choice offer (SCO). The auction secured
natural gas supplies for Columbia’s customers for the period April 1, 2013 through
March 31, 2014 and established a retail price adjustment of $1.29 per thousand cubic feet (Mcf).
Columbia’s SCO rate changes monthly
and is calculated as the sum of the retail price adjustment, plus the New York
Mercantile Exchange (NYMEX) month-end settlement price. The price adjustment
reflects the winning bidders’ estimate of their cost
to deliver natural gas from the production area to Columbia’s service area.
The SCO will apply to
Columbia’s non-choice customers and will continue to allow choice-eligible
customers the option to enroll with an energy choice supplier of their
choosing, join a government aggregation buying group, or remain on the
SCO.
Each SCO customer’s bill
will indicate the certified retail natural gas supplier that is responsible for
providing the customer’s natural gas. Columbia will continue to deliver natural
gas to all customers, offer payment plans, and handle all emergency and
customer service calls. Those enrolled in the Percentage of Income Payment Plan
(PIPP), government aggregation group customers and those already enrolled with
an energy choice supplier are not affected.
On Feb. 26, 2013, World
Energy Solutions, Columbia’s auction manager, conducted a descending clock auction
for the SCO rate. Bids were submitted by 11 natural gas suppliers based on
fixed adjustments to the NYMEX settlement price. The names of the winning
bidders will remain confidential for 15 days to protect the suppliers’ positions
in contract negotiations with pipeline companies.
A copy of today’s Commission finding and order and redacted
version of the report issued by the auction manager are available at www.PUCO.ohio.gov.
Click on the link to Docketing Information Systems and enter the case number 08-1344-GA-EXM.
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The Public Utilities Commission of Ohio (PUCO) is the sole agency charged with regulating public utility service. The role of the PUCO is to assure all residential, business, and industrial consumers have access to adequate, safe, and reliable utility services at fair prices while facilitating an environment that provides competitive choices. Consumers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826) and speak with a representative.
For additional information, contact: Jason Gilham | (614) 466-7750
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