National Fuel seeks first rate hike since 2007 in WNY

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.

WIVB.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s