Washington Gas is requesting an overall rate of return of 7.56%, to meet the cost of Washington Gas is proposing a Revenue Normalization Adjustment (“RNA”), which is a monthly billing adjustment that reflects the difference between actual revenues earned by Washington Gas and the level of revenue that the Company is authorized to receive. Washington Gas states that this RNA is needed and will provide customers with more stable and predictable invoices. AOBA challenged WG’s RNA proposal in its last rate case (Formal Case No. 1137 and the PSC agreed with AOBA and declined to implement such a charge.
Washington Gas filed its last rate case in the District on February 26, 2016 (Formal Case No. 1137) with rates effective March 24, 2017, but had agreed not to file any rate cases since that time as one of the Commitments in the Washington Gas Alta Gas merger settlement in May 2018 (Formal Case No. 1142). As part of that settlement, Washington Gas agreed that it would not file a rate case for 34 months (i.e. no earlier than January 3, 2020).
AOBA has intervened in this rate case proceeding and will keep our members informed as the case progresses.