BUFFALO, N.Y. (WIVB) — Customers of National Fuel could soon be paying higher prices for natural gas. The company officially has filed for its first rate hike in nearly a decade.
The hike, filed with the New York State Public Service Commission, seeks to raise monthly bills by an average of $5.75 under normal weather conditions. Officials at National Fuel say it’s time for a hike in order to modernize and replace aging pipeline infrastructure and implement technology to ensure safety and reliability.
Other targets for funds would be expanding pipeline into new, slightly more remote territory where customers would like gas, and enhance low-income customer assistance programs.
National Fuel, whose headquarters are in New York State, says in 2016 it hopes to have modernized 95 miles of pipeline and 110 miles of modernized pipeline in 2018.
If approved, the hike will take place in April of 2017.