The D.C. Public Service Commission has approved settlements with the WGL Holdings-AltaGas merger and impact of the 2017 federal tax cut legislation on Washington Gas’ rates that will reap economic benefits for District-area consumers.
As a result of aggressive advocacy in both settlements by the D.C. Office of the People’s Counsel, the commission approved the WGL-AltaGas merger settlement under conditions that consumers will receive immediate and long-term, tangible financial and public interest benefits, including a one-time rate credit ranging from $45 to $150 for residential customers, a two-year rate freeze, and a $6 million contribution to the D.C. Infrastructure Academy.
“One of my priorities is to ensure consumers receive all they are entitled to in the form of reasonable rates and improvements to the energy infrastructure that keep the lights on and the gas moving,” said People’s Counsel Sandra Mattavous-Frye. “The end-result of our zealous advocacy in both cases delivers on OPC’s statutory mandate.”
In addition to providing funds to develop 10 megawatts of either electric grid energy storage or renewable resources such as solar or wind in the District, AltaGas will provide $4.2 million to support low- and limited-income residents in affordable multi-family housing and provide financial contributions to the Washington Area Fuel Fund for emergency utility bill assistance to Washington Gas consumers who meet income requirements.
OPC worked with the other settling parties, including the D.C. Office of the Attorney General and the District government to achieve a unanimous settlement that benefits all D.C. ratepayers.
Final approval is contingent upon the parties’ acceptance of the commission’s conditions.
As part of the tax legislation settlement, OPC successfully negotiated an $8.2 million rate reduction for Washington Gas customers. In this case, D.C. consumers also will receive a one-time bill credit to be decided at a later date.