Nevada Southwest Gas seeking to increase rates by 6%, raise revenue
LAS VEGAS, Nev. (FOX5) - Southwest Gas is seeking to raise its rates for Southern Nevada customers by 6% next year if approved by the Public Utilities Commission.
The application was filed Sept. 11 and included a request to increase its statewide annual general revenue by $69.8 million to “account for changes in the company’s cost of service since the company’s last general rate case.”
The request for a revenue increase is necessary to provide safe and reliable service to Southwest’s customers, it continues.
About $60 million of the increase would be paid for by southern Nevada customers. About $8 million would come from northern customers.
The rate increase of 6.6% would affect southern Nevada, while northern Nevada would see an increase of 4%.
This means the average annual cost for a southern Nevada customer would increase by about $6.70 to $109.
The application added that Southwest’s current rates and charges are not sufficient to recover operating costs or provide the opportunity for a return on investment.
The Public Utilities Commission is scheduled to hold its meeting Sept. 26.
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