VA · gas · PUR-2024-00030
Closed case·Complete·Authorized
PUR-2024-00030 supplies Columbia Gas of Virginia's latest reviewed authorized ROE and equity layer while PUR-2026-00014 is pending. The order's $110.4 million figure is only SAVE investment rolled into rate base, not total utility rate base.
The Virginia SCC approved a stipulation authorizing a $40.7 million annual non-gas base-revenue increase and ratemaking capital terms of 9.75% ROE and 43.147% common equity.
May 15, 2025
Not scheduled
Case stage
complete
Filed
Apr 29, 2024
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
May 15, 2025
Rates effective
Oct 1, 2024
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 | Not available Annual utility request | $40.7M Annual jurisdictional non-gas base-revenue increase effective with the first billing unit of October 2024. · May 15, 2025 | — Not compared: scope, annualization, gross/net basis differ |
| Rate base | Not available Not captured in current case sources | Not available Authorized value not captured | — |
| Return on equity | Not specified Total company rate-case request or Commission-authorized outcome · May 15, 2025 | 9.75% Authorized midpoint ROE used for earnings tests, regulatory-asset recovery, ESAC deferrals, and expedited rate cases until new base rates are implemented. · May 15, 2025 | — Not compared: scope differ |
| Common equity ratio | Not available Not captured in current case sources | 43.15% Authorized common-equity share of the ratemaking capital structure effective with the October 2024 rates. · May 15, 2025 | — |
| 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.
Annual revenue change
authorized · Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded. · May 15, 2023
$40.3M
Common equity ratio
authorized · Authorized common-equity share of the ratemaking capital structure effective October 2022. · May 15, 2023
35.66%
Overall rate of return
authorized · Authorized overall weighted cost of capital effective October 2022. · May 15, 2023
6.69%
Rate base
disclosed actual · Total Columbia Gas of Virginia utility rate base reported in NiSource's business profile. · Dec 31, 2021
$1,072M
Return on equity
authorized · Authorized midpoint ROE for earnings tests and ratemaking effective October 2022 until new base rates were implemented. · May 15, 2023
9.7%
2 events · 0 documents · 2 citations
Material filings, hearings, orders, and effective dates.
Oct 1, 2024
Interim base rates took effect
official commission · completed
May 15, 2025
Virginia SCC approved the stipulation
official commission · completed
Docket and evidence documents linked to this proceeding.
No documents are linked to this proceeding.
Field-level excerpts and review metadata supporting material facts.
Virginia SCC final order in PUR-2024-00030
final order · May 15, 2025
Virginia SCC final order in PUR-2024-00030
final order · May 15, 2025
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Common equity ratio | authorized | Virginia State Corporation Commission | — | 43.15% | |
| Annual revenue change | authorized | Virginia State Corporation Commission | — | $40.7M | |
| Return on equity | authorized | Virginia State Corporation Commission | — | 9.75% | |
| Annual revenue change | utility request | Columbia Gas of Virginia, Inc. | — | Not specified | |
| Return on equity | utility request | Columbia Gas of Virginia, Inc. | — | Not specified |