DOMINION HOPE TO RAISE RATES - 8.5 Percent Increase Allowed

(12/06/2001)

Dominion Hope's residential customers can expect to pay another $8.55 a month for natural gas under an agreement announced yesterday. The agreement between Dominion Hope and the Public Service Commission allows the Clarksburg based utility to raise its rates by 8.5%. It also freezes Dominion Hope's natural gas rates until January 1, 2004. In March, Dominion Hope requested a 53% rate hike. Since then, the wholesale price of natural gas plummeted, and the utility signed long-term contracts at much lower prices. Under yesterday's agreement, an average homeowner's monthly bill will increase from $98.89 to $107.43. The Public service Commission did not say when the new rate would go into effect. Dominion Hope provides natural gas service to customers in 32 counties.

Hur Herald ®from Sunny Cal The information on these pages, to the extent the law allows, remains the exclusive property of Bob Weaver and Dianne Weaver The Hur Herald. All information may be freely used but must not be sold or used in any type of commercial endeavor, or used on any web site without the express permission of the owners ©Bob and Dianne Weaver, The Hur Herald, 1999, 2000, 2001