Economic Impact and Mitigation Strategies for Gas Utilities and Customers
The Public Utilities Commission is addressing the economic impact of the natural gas price spike on gas utilities and residential customers in Minnesota. With over 1.6 million customers affected, key questions focus on mitigating impacts, addressing low-income community needs, and upcoming decisions by September 1, 2021. The document details the estimated impacts on residential customers and communities served by CenterPoint Energy, Xcel Energy, and Great Plains Natural Gas Company.
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Presentation Transcript
Katie Sieben, Chair Joe Sullivan, Vice Chair March 17, 2021
PUC Response Docket G-999/CI-21-135 CenterPoint Energy, Xcel Energy, Minnesota Energy Resources Corporation and Great Plains Natural Gas Company, impacting approximately 1.6 million customers Key Questions What is the economic scope of the problem, for the gas utilities and individual customers? What ideas will mitigate the economic impact to ratepayers (residential, commercial and industrial)? How can low-income community needs be addressed? Commission decisions expected prior to annual true-up filings on September 1, 2021.
Residential Customer Impact Number of Residential Customers Average Residential Customer Monthly Bill Estimated Impact of Feb. 2021 Natural Gas Price Spike on Average Residential Customer Estimated Total Impact of Feb. 2021 Natural Gas Price Spike - Residential Gas Customers Only (as reported for 2019 in Jurisdictional Annual Reports, docket #20-04) Low High Low High CenterPoint Energy* 807,713 $62.08 $300 $400 $242,313,900 $323,085,200 Xcel-Energy-Gas 428,483 $56.85 $250 $107,120,750 Minnesota Energy Resources Great Plains Natural Gas Co. 214,292 $67.72 $200 $225 $42,858,467 $48,215,775 18,723 $56.61 $200 $300 $3,744,600 $5,616,900 Total $396,037,717 $484,038,625 *In a public filing on 3/15/2021, in docket 21-138, CenterPoint seeks approval to recover an estimated $500 million in costs over a two-year period starting in May, or as soon as possible.
Communities served by CenterPoint Energy
Communities Served by Great Plains Natural Gas Company
Great Plains Natural Gas Company Communities Served in Minnesota: Belview Boyd Breckenridge Clarkfield Crookston Danube Dawson Echo Fergus Falls Granite Falls Marshall Montevideo Pelican Rapids Redwood Falls Renville Sacred Heart Vergas Wood Lake
Communities Served by Xcel Energy
Communities Served by Minnesota Energy Resources Corporation
Thank You! Katie Sieben katie.sieben@state.mn.us Joe Sullivan joseph.k.sullivan@state.mn.us
