Article: United States: PSNC Energy Reaches Settlement Agreement Over Retail Gas Base Rate Increase.

Byline: manish03

Energy holding company SCANAs natural gas distribution subsidiary PSNC Energy has entered into a stipulation, or settlement agreement with the public staff of the North Carolina Utilities Commission and the Carolina Utility Customers Association relating to the companys pending application for an increase in retail natural gas base rates.

The settlement agreement will be submitted to the North Carolina Utilities Commission (NCUC) during a public hearing scheduled for August 26, 2008. If approved by the NCUC, the settlement agreement would become effective on November 1, 2008.

The settlement agreement provides for an increase in ...

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