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HomeMy WebLinkAbout20220816_INTG2204_cs.pdf DECISION MEMORANDUM 1 DECISION MEMORANDUM TO: COMMISSIONER ANDERSON COMMISSIONER CHATBURN COMMISSIONER HAMMOND COMMISSION SECRETARY COMMISSION STAFF LEGAL FROM: CLAIRE SHARP DEPUTY ATTORNEY GENERAL DATE: AUGUST 16, 2022 SUBJECT: IN THE MATTER OF INTERMOUNTAIN GAS COMPANY’S APPLICATION FOR AUTHORITY TO CHANGE ITS PRICES; CASE NO. INT-G-22-04. On August 10, 2022, Intermountain Gas Company (“Company”), applied for authority to implement an interim Purchased Gas Cost Adjustment, for new rate schedules that will reduce prices for all of its customers, effective October 1, 2022. Application at 2. The average residential consumer would have a monthly decrease of $1.36 or 2.5%. Id. at News Release. The Company represents that while its annualized revenues would decrease by approximately $7.7 million, the Company’s earnings would not change due to changes in gas-related costs. Id. Although the factors that increased the WACOG still exist (See INT-G-22-02; Order No. 35479), changes in storage prices can offset this volatility and stabilize customer prices. Id. at 5. The Company attached Exhibits 1-3 in support of its Application. Id. The Company also asks that the filing requirement for the Deferred Gas Cost Balance, LNG Sales Cost Benefit Analysis, and Weighted Average Cost of Gas reports be maintained at a quarterly frequency. Id. at 13. The Company requests that this matter be processed by modified procedure. STAFF RECOMMENDATION Staff recommends the Commission issue a Notice of Application and Notice of Modified Procedure establishing a September 8, 2022, public comment deadline, and a September 15, 2022, Company reply comment deadline. DECISION MEMORANDUM 2 COMMISSION DECISION Does the Commission wish to issue a Notice of Application and Notice of Modified Procedure establishing a September 8, 2022, public comment deadline, and a September 15, 2022, Company reply comment deadline? Claire Sharp Deputy Attorney General I:\Legal\GAS\INT-G-22-04 PGA\memos\INTG2204_dec1_cs.docx