Oregon PUC approves 25% rate hike for Cascade Natural Gas residential customers due to soaring gas prices – KTVZ

Takes impact subsequent Tuesday, Nov. 1

SALEM, Ore. – The Oregon Public Utility Fee mentioned Thursday it has accredited a rise in charges for Cascade Pure Gasoline prospects — greater than 25% for residential prospects — beginning subsequent Tuesday on account of sharp will increase in world pure gasoline costs, as mirrored in an annual bought gasoline adjustment and associated filings.

The PUC approves changes yearly to the charges of the three regulated pure gasoline firms, together with Cascade Pure Gasoline, Avista Utilities, and NW Pure, to replicate modifications within the precise value of wholesale priced pure gasoline, generally known as the bought gasoline adjustment. This permits firms to go by their precise value of buying gasoline to prospects with out a markup on the worth. 

The PUC lately accredited an total income enhance of almost $22.2 million, or roughly 29.4 % for Cascade Pure prospects, because of the PGA and associated filings, when in comparison with 2021 firm gross revenues. This enhance, efficient Nov. 1, is basically because of the important enhance in pure gasoline costs globally. 

“We acknowledge that rising charges at a time when Oregonians are already coping with excessive inflation presents challenges for a lot of prospects,” mentioned Megan Decker, PUC Chair. “Sadly, world occasions drive the worth for utilities to buy pure gasoline. There’s merely no strategy to keep away from these increased costs impacting prospects. Nonetheless, there could also be choices obtainable to residential prospects to assist scale back the bottom-line influence.”

To extend power effectivity and save on future payments, prospects are inspired to view Vitality Belief of Oregon’s low-cost and no-cost suggestions to scale back power consumption. For details about invoice fee help choices, newly obtainable utility low cost packages, and the Price range Pay Program that equalizes invoice funds throughout winter and summer time months, contact Cascade Pure at 888-522-1130 or view info on-line.

Clients might also contact their native Neighborhood Motion company to request info on what help packages they could be eligible for and the way to enroll. 

View the influence to every buyer sort because of this determination under:

• Residential Clients – The month-to-month invoice of a typical buyer utilizing a median of 62 therms monthly will enhance by $15.09 or 25.3 %, from $59.81 to $74.90.
• Industrial Clients – The month-to-month invoice of a typical buyer utilizing a median of 272 therms monthly will enhance by $64.36, or 30.1 %, from $213.72 to $278.08.
• Industrial Clients – The month-to-month invoice of a typical buyer utilizing a median of 1,657 therms monthly will enhance by $412, or 33.75 %, from $1,220.87 to $1,632.86. 

Cascade Pure Gasoline serves greater than 80,000 prospects within the Bend area and components of Northeast Oregon.  

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The PUC regulates buyer charges and providers of the state’s investor-owned electrical and pure gasoline utilities, together with Portland Normal Electrical, Idaho Energy, Pacific Energy, Avista, Cascade Pure, and NW Pure. The PUC additionally regulates landline phone suppliers and choose water firms. The PUC’s mission is to make sure Oregonians have entry to secure, dependable, and pretty priced utility providers that advance state coverage and promote the general public curiosity. We use an inclusive course of to guage differing viewpoints and visions of the general public curiosity and arrive at balanced, well-reasoned, unbiased selections supported by truth and legislation. For extra details about the PUC, go to oregon.gov/puc.