Governor of Rhode Island Calls for 600 MW of Additional Offshore Wind Energy

LCG, October 29, 2020--The Governor of Rhode Island announced this week that the state will issue request for proposals (RFP) to procure up to 600 MW of new offshore wind energy.

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U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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Industry News

Missouri Gas Asks for $39 Million Rate Hike

LCG, Nov. 8, 2000--Missouri Gas Energy Co. yesterday asked regulators for authority to raise rates by $39 million a year. The increase would be in a form that would increase householders' natural gas bills by about $5 per month regardless of how much gas they used.

The Missouri Public Service Commission has 11 months to decide whether to grant the company's request.

The company, which last raised its rates three years ago, said the increased revenues were needed to replace gas lines and install new lines to serve housing developments. Paul Snider, a spokesman for the utility, said "The bottom line is: We aren't making enough to recover our expenses and make a reasonable rate of return."

The stipulation that customers pay a higher monthly charge regardless of gas usage is like to face opposition. Doug Micheel, senior counsel with the Missouri Office of Public Counsel, said "We have traditionally been against the top-loading of fixed charges on consumers."

The rate increase would increase the flat customer service charge by $7.45 from $9.05 per month to $16.50. But the charge for energy would decrease by about $2.50 for the typical customer, resulting in a $5 increase.

Raising the customer charge would allow the utility to count on a stable flow of revenue, Snider said. He also noted that the new rate would stabilize customers' gas bills, spreading out fluctuations in the price of the commodity over 12 months.

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