Public Service Commission of the District of Columbia Issues Order Assessing Competitive Natural Gas Suppliers

Strategic Insights -

The Public Service Commission of the District of Columbia has issued an order assessing competitive natural gas suppliers, including United Energy Trading, LLC, for their share of the Office of the People's Counsel's fiscal year 2023 assessed budget. The order requires United Energy Trading, LLC to deposit its share within 30 days of the date of the order and submit additional information with its payment.

Key Takeaways:

  • The Public Service Commission of the District of Columbia has issued an order assessing competitive natural gas suppliers for their share of the Office of the People's Counsel's fiscal year 2023 assessed budget.
  • United Energy Trading, LLC is directed to deposit its share of the assessed budget within 30 days of the date of the order.
  • The assessment formula for the reimbursement fee is established by the Public Service Commission of the District of Columbia and set forth in Subsection 1301.1 of Title 15 of the District of Columbia Municipal Regulations.
  • The formula for calculating the current calendar year assessment rate is: "provider's calendar year gross revenues" divided by "sum of the calendar year gross revenues of all public utilities and all alternative providers" multiplied by "OPC's annual budget" equals the assessment.
  • United Energy Trading, LLC's share of OPC's assessed budget is [Redacted] due to confidentiality.
  • The order also requires United Energy Trading, LLC to submit additional information with its payment, including company name, PSC/OPC order number, submitted date, ACH/Wire transfer confirmation number, amount, person completing wire transfer, contact number, and contact email.

Statistics:

  • The total gross revenues of all public utilities and alternative providers in 2022 was $2,018,155,239.86.
  • The fiscal year 2023 assessed budget for the Office of the People's Counsel is $11,117,100.00.
  • United Energy Trading, LLC is required to deposit its share of the assessed budget within 30 days of the date of the order.

Sources:

  • PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA 1325 G STREET, N.W., SUITE 800 WASHINGTON, DC 20005 ORDER ASSESSING COMPETITIVE NATURAL GAS SUPPLIERS August 15, 2023 ASMT2023-124-G, ASSESSMENTS FOR FISCAL YEAR 2023, Order No. 21805
  • 15 DCMR SS 1301.1 (2020)