VA · gas · PUR-2022-00036
Closed case·Complete·Authorized
The 2022 order established a 9.70% ROE, 35.66% common-equity ratio, and 6.691% overall return. Those capital terms were later replaced by the PUR-2024-00030 authorization.
The Virginia SCC approved a stipulation authorizing a $40.3 million annual non-gas base-revenue increase and ratemaking capital terms of 9.70% ROE and 35.66% common equity, effective October 2022.
May 31, 2023
Not scheduled
Case stage
complete
Filed
Apr 29, 2022
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
May 15, 2023
Rates effective
May 31, 2023
State rules
This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.
Full base-rate review
Application-based
Gas utilities file rate applications under the SCC's general rate-case rules rather than the Phase I and Phase II electric review schedule.
Rate period: Filing-specific schedules and supporting statements under the SCC rate-case rules.
Governing rule ↗Between full reviews
No separate recurring mechanism is identified in the current state profile for this service.
Commission decision
Utility request and Commission-authorized outcome.
| Metric | Utility request | Authorized outcome | Like-for-like difference |
|---|---|---|---|
| Annual revenue increase | $40.6M Annual utility request | $40.3M Prior authorized observation · May 15, 2023 | — Not compared: scope, gross/net basis differ |
| Rate base | $1,000M Total rate base requested in Columbia Gas of Virginia's 2022 base-rate case. · Apr 29, 2022 | Not available Authorized value not captured | — |
| Return on equity | 10.75% Requested return on common equity in the 2022 base-rate case. · Apr 29, 2022 | 9.7% Authorized midpoint ROE for earnings tests and ratemaking effective October 2022 until new base rates were implemented. · May 15, 2023 | — Not compared: scope differ |
| Common equity ratio | 39.3% Requested common-equity share of the capital structure in the 2022 base-rate case. · Apr 29, 2022 | 35.66% Authorized common-equity share of the ratemaking capital structure effective October 2022. · May 15, 2023 | +364 bps |
| Residential bill impact | Not available Not captured in current case sources | Not available Authorized value not captured | — |
Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.
Rate base
disclosed actual · Total Columbia Gas of Virginia utility rate base reported in NiSource's business profile. · Dec 31, 2021
$1,072M
3 events · 3 documents · 4 citations
Material filings, hearings, orders, and effective dates.
Apr 29, 2022
General rate application filed
official commission · completed
May 15, 2023
Final order approving stipulation
official commission · completed
May 31, 2023
Compliance tariffs effective
official commission · completed
Docket and evidence documents linked to this proceeding.
Columbia Gas of Virginia tariff
evidence · primary · May 31, 2023
SCC final order in Columbia Gas of Virginia rate case
evidence · primary · May 15, 2023
NiSource Q3 2022 supplemental earnings slides
evidence · direct · Nov 7, 2022
Field-level excerpts and review metadata supporting material facts.
SCC final order in Columbia Gas of Virginia rate case
commission order · May 15, 2023
NiSource Q3 2022 supplemental earnings slides
earnings presentation · Nov 7, 2022
Columbia Gas of Virginia tariff
utility filing · May 31, 2023
SCC final order in Columbia Gas of Virginia rate case
commission order · May 15, 2023
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Annual revenue change | authorized | party-commission | — | $40.3M | |
| Common equity ratio | authorized | Virginia State Corporation Commission | — | 35.66% | |
| Common equity ratio | utility request | Columbia Gas of Virginia, Inc. | — | 39.3% | |
| Overall rate of return | authorized | Virginia State Corporation Commission | — | 6.69% | |
| Rate base | utility request | Columbia Gas of Virginia, Inc. | — | $1,000M | |
| Annual revenue change | utility request | Columbia Gas of Virginia, Inc. | — | $40.6M | |
| Return on equity | authorized | Virginia State Corporation Commission | — | 9.7% | |
| Return on equity | utility request | Columbia Gas of Virginia, Inc. | — | 10.75% |