Halifax, Nova Scotia - August 25, 2010 - Heritage Gas announced today it has filed an application with the Nova Scotia Utility and Review Board (NSUARB) for approval of a rate increase, effective January 1, 2011. The requested rate increase reflects increased costs to operate, maintain and administer the Heritage Gas natural gas distribution system.
The NSUARB direction provided on June 11, 2010 requested Heritage Gas file for rate relief in situations where revenue growth from new customers is not sufficient to cover increased operating costs. This rate increase is incremental to an already approved rate increase for 2011 and does not apply to customers’ entire bill. Customers will see an incremental 7 percent increase to the delivery charge portion of their bill. The NSUARB has a process to review and approve rate applications. A hearing date is expected to be set for fall, 2010.
Heritage Gas customers will continue to significantly benefit from lower costs, lower energy consumption and lower greenhouse gas emissions by choosing natural gas over other energy sources. Customers are expected to see natural gas price savings over fuel oil in the 27 to 50 percent range. Heritage Gas has over 2,600 customers in Halifax, Dartmouth, Amherst and the Halifax Airport area. Heritage Gas is owned by AltaGas Utility Group Inc. an indirect wholly-owned subsidiary of AltaGas Ltd. (AltaGas).
AltaGas is one of Canada’s largest and fastest growing energy infrastructure organizations. AltaGas creates value by acquiring, growing and optimizing gas and power infrastructure, including a focus on renewable energy sources. For more information visit: www.altagas.ca.
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