AGL Resources subsidiary Virginia Natural Gas said its performance-based rate proposal, including plans for a $48-60 million gas pipeline upgrade in the Hampton Roads region, was approved with modifications by the Virginia State Corporation Commission and accepted by the utility company. The utility said the plan will freeze customers’ distribution charges for five years at terms that have not increased since 1996. It’s the first performance-based rate plan approved in Virginia. “This $48-$60 million pipeline project will provide additional gas supply and serve as an economic development boost for the entire region,” said Hank Linginfelter, president of Virginia Natural Gas. “Moreover, the rate freeze provides our customers with better price stability and certainty for years to come. “We are thankful the plan was widely supported and that it was approved. We look forward to getting the pipeline built,” said Linginfelter.
The U.S. Senate late Thursday confirmed Drue Pearce to be Federal Coordinator of Alaska Natural Gas Transportation Projects. Pearce is currently the Senior Advisor for Alaska Affairs at the Department of Interior, a role which makes her the policy coordinator for DOI’s efforts to build an Alaska Natural Gas Pipeline. Pearce was twice elected to the Alaska State House and then to the State Senate, where she served as Senate President. She and her family maintain a home in Alaska.
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