RICHMOND — The State Corporation Commission (SCC) has accepted the terms of a stipulation that means customers of Virginia Natural Gas will pay less for natural gas delivery service than the company originally requested. Customers whose monthly bills were higher under interim rates in effect since October 1, 2011, will be due a refund with interest.

Virginia Natural Gas originally requested an increase in annual operating revenue of $25.1 million that would have resulted in a monthly increase for residential customers of about $6 for the average residential customer. Upon review, the company, the SCC staff, the office of the Attorney General and other interested parties settled a number of issues. The Commission accepted the stipulation that provides the company approximately $11.3 million in additional annual revenue.

For the average residential customer using 51.2 Ccf (hundred cubic feet) of gas in a month, the bill will increase by $3.47.

Virginia Natural Gas serves more than 275,000 customers in southeast Virginia.

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Case Number PUE-2010-00142