Duke Energy Ohio customers to receive around $133 after settlement
Duke Energy Ohio’s residential natural gas customers should soon see a one-time bill credit of approximately $133, following a settlement between the company and the Public Utilities Commission of Ohio.
Nonresidential customers will be credited over a 12-month period based on their monthly consumption, according to a release.
The settlement comes as a result of proceedings related to Duke Energy Ohio’s expenses for environmental remediation of manufactured gas plants from 2013 to 2019, and the implementation of the Tax Cuts and Jobs Act of 2017.
Under the settlement’s terms, Duke Energy Ohio will eliminate approximately $85 million in costs that would otherwise be billed to customers, and the approximately $4.8 remaining insurance proceeds will be used to fund its low-income and senior citizen bill assistance programs.
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“Our approval of the settlement agreement is good news for Duke Energy Ohio’s natural gas customers,” Commissioner Dennis Deters said in a release. “As the utility’s costs go down due to lower tax rates, so do customers’ bills. Today’s settlement is doubly exciting as not only will customers receive a large bill credit but will avoid additional charges for environmental cleanup.”
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