National Fuel files Joint Proposal for NY rate case settlement, seeking $57.3M revenue increase in year one

NATIONAL FUEL GAS CO

Joint Proposal filed Sept 9, 2024 for 3-year NY rate settlement; pending NY PSC approval.
RY1 revenue requirement increase of $57.3M; RY2 +$15.8M; RY3 +$12.7M.
JP terms: 9.7% ROE, 48% equity ratio, $1.04B rate base; requested were 9.8%, 52%, $1.03B.
Rate plan effective Oct 1, 2024 with make-whole recovery for revenues between effective date and start of new rates.
New mechanisms: uncollectible expense tracker, gas safety performance metrics, customer bill impact levelization.

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