(AP) — Mountaineer Gas has won state approval to increase its base rates by $7.7 million.
The West Virginia Public Service Commission says the 3 percent increase will be more than offset by a reduction in the rate charged by the utility to recover the cost of buying natural gas.
Mountaineer had sought a $12.2 million base rate increase.
Both the base rate increase and the purchased gas rate decrease will go into effect Nov. 1.
The rate changes are part of a joint stipulation agreement approved by the PSC on Tuesday. Parties to the agreement were Mountaineer Gas, the PSC's staff and Consumer Advocate Division, and the West Virginia Energy Users Group, which is a group of commercial customers.
Mountaineer serves about 221,000 customers.