Summit Utilities Arkansas has filed a request for a rate increase with the Arkansas Public Service Commission (APSC).
As part of the approved settlement agreement of Summit Utilities’ acquisition of CenterPoint Energy’s assets in Arkansas, the APSC required Summit to file a rate case.
The new rates average about 30 percent above current rates for natural gas users.
Fred Kirkwood, senior vice president of Summtt, sent Arkansas residential and small commercial sales customers an email to explain its position.
“As a regulated utility company, our rates are approved by the Arkansas Public Service Commission (APSC). Arkansas law requires regulated utility rates to be reasonable and the service they provide to be safe and reliable, and it requires that utilities be allowed to generate revenues to keep the company in good financial health. A typical rate case lasts 10 months and is a thorough, transparent, and open process. As a condition of Summit Utilities’ acquisition of CenterPoint’s assets in Arkansas, the APSC required our company to file a rate case.
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