Changes will go into affect Dec. 1
Customers of natural gas provider Liberty Utilities in Northeast Missouri will soon see higher bills after the Missouri Public Service Commission approved a request for change by the company.
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, Liberty Utilities requested the changes starting on Dec. 1
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.
Residential customers in Northeast Missouri currently pay approximately $0.43 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will increase to approximately $0.52 per Ccf, an increase of approximately $0.09 per Ccf. Liberty Utilities serves Northeast District customers in the Missouri counties of Clark, Lewis, Knox, Marion, Pike, Ralls and Scotland, as well as the cities of Hannibal and Palmyra.
In a previous release, Liberty anticipated an increased of $2.06 per month.
The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers. Liberty Utilities serves approximately 53,360 natural gas customers in Missouri.