The Reporter covers Miller, Morgan and Camden County in Central Missouri's Lake of the Ozarks and is published once per week on Wednesdays.
Published November 20, 2019
Summit Gas prices increase
LAKE OF THE OZARKS – Summit Natural Gas customers will be seeing an increase in their rates, according to the Missouri Public Service Commission (PSC).
The PSC said that in order to reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment (ACA) factor, Summit Natural Gas of Missouri,. customers will see natural gas rates change under a filing that took effect on November 15, 2019.
The ACA factor is a mechanism which tracks any over-collection or under-collection of actual natural gas costs over a 12 month period. The net over- or under-collected balances are subsequently either refunded or collected the next year.
The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the PSC.
The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather.
The PSC claims it does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.
Lake of the Ozarks and Warsaw Divisions
Residential customers currently pay approximately $0.39 per hundred cubic feet (Ccf) of natural gas. Under this filing, the rate will increase to approximately $0.45 per Ccf - an increase of approximately $0.06 per Ccf.
According to the Summit Natural Gas filing, the increase will cause an average winter month residential gas bill to increase by approximately $3.44.
Rogersville and Branson Divisions
Residential customers currently pay approximately $0.46 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will drop to approximately $0.33 per Ccf - a decrease of approximately $0.13 per Ccf.
According to the Summit Natural Gas filing, the decrease will cause an average winter month residential gas bill to decrease by approximately $12.90.
Summit Natural Gas serves approximately 20,600 natural gas customers in the Missouri counties of Harrison, Daviess, Caldwell, Pettis, Benton, Morgan, Camden, Miller, Greene, Webster, Laclede, Wright, Douglas, Texas, Howell, Stone and Taney.
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