As anticipated the costs associated with this winter’s weather is starting to be tabulated and will be passed through to customers who receive their gas service from Consumers.
DTE, SEMCO and MGU are all following suit. The same reason will be cited;
“Significant, unanticipated increases in the market price for natural gas as a result of the Polar Vortex phenomena, extended periods of colder-than-normal weather occurring in Michigan and elsewhere in the United States and associated significant increases in demand for natural gas and natural gas send-out.”
Realgy has already passed through the costs required by us to deliver the extra gas demanded by each utility. We will return to our low costs which historically are below each of the utilities. At the same time, the utilities will begin passing through these costs and the cost will stay in place until it’s all collected.
Read the whole Energy Choice Matters Article, Michigan Sets Expedited Review of Polar Vortex-Driven Hike in Consumers