Corporation

Three newly elected members of the five-member Arizona Corporation Commission (ACC) were sworn into office Monday. Sandra Kennedy, Paul Newman and Bob Stump, all of whom have held past elected local and state offices, joined existing Commissioners Kris Mayes and Gary Pierce.

Acknowledging that customers’ natural gas bills could be going up in difficult times, Virginia’s State Corporation Commission (SCC) in late December approved a conservation and rate decoupling plan for Virginia Natural Gas (VNG) that provides incentives for residential customers to reduce consumption. VNG is guaranteed a certain level of revenue under the approved rate decoupling plan whether or not customers use less gas.

The Arizona Corporation Commission (ACC) has approved a $33.5 million annual rate increase for Las Vegas, NV-based Southwest Gas Corp.’s customers in the state. The increase, effective on Jan. 1, will be borne by customers on their summer-month (April through October) natural gas bills.

Acknowledging that customers’ natural gas bills could be going up in difficult times, Virginia’s State Corporation Commission (SCC) Tuesday approved a conservation and rate decoupling plan for Virginia Natural Gas (VNG) that provides incentives for residential customers to reduce consumption. VNG is guaranteed a certain level of revenue under the approved rate decoupling plan whether or not customers use less gas.

The mix of regulators on the five-member Arizona Corporation Commission (ACC) will change with the new year following the election of three new commissioners to replace members whose terms expire at the end of this year.

ExxonMobil Corp. Thursday reported the highest quarterly profits ever by a public corporation, but the super major’s oil and natural gas reserves and production — despite record spending — once again failed to grow.

ExxonMobil Corp. Thursday reported the highest quarterly profits ever by a public corporation, but the super major’s oil and natural gas reserves and production — despite record spending — once again failed to grow.

OG&E Monday proposed to the Oklahoma Corporation Commission (OCC) that it recover only 50% of its higher natural gas costs this summer — deferring the allowed recovery until later this year — to give customers a break on their bills.

Great Plains Energy Inc. has cleared the decks for the Kansas Corporation Commission (KCC) to approve its acquisition of Aquila Inc., the company said last week. Now it must placate regulators in Missouri to see the deal go forward.